syncoin (OP)
Member
Offline
Activity: 112
Merit: 10
|
|
February 05, 2014, 12:47:32 PM Last edit: August 04, 2014, 09:32:08 PM by syncoin |
|
[REDACTED]
|
Donate to The SynCoin Foundation Today: SynCoin Address: SYnFundYHArvaRGMowXE2v5fQQ4SVdvh5t
|
|
|
techbytes
Legendary
Offline
Activity: 1694
Merit: 1054
Point. Click. Blockchain
|
|
February 05, 2014, 12:48:54 PM Last edit: February 05, 2014, 01:37:18 PM by techbytes |
|
No premine, I'm in.
-tb-
|
|
|
|
syrusek
|
|
February 05, 2014, 12:54:25 PM |
|
Release 2.19.14 < What the fuck is it?
|
|
|
|
dnamicro
Member
Offline
Activity: 95
Merit: 10
|
|
February 05, 2014, 12:55:11 PM |
|
Ok, the website is Dogecoin copy, and the code is also Dogecoin ? Lol
anyway good luck with it
|
BTC: 12eWQQLJ8F7UGXkqh68JJy1fxQCUrQFajW
|
|
|
syncoin (OP)
Member
Offline
Activity: 112
Merit: 10
|
|
February 05, 2014, 01:00:50 PM |
|
Release 2.19.14 < What the fuck is it?
Sorry, I'm used to using dots instead of slashes. That's the release date. I apologize for any confusion this may have caused. Ok, the website is Dogecoin copy, and the code is also Dogecoin ? Lol
anyway good luck with it
Yes, I used the DogeCoin website CSS due to time constrictions on web-development. No, the code is not a fork of DogeCoin; it is a fork of LiteCoin. Additionally, I gave credit in the footer of the site...
|
Donate to The SynCoin Foundation Today: SynCoin Address: SYnFundYHArvaRGMowXE2v5fQQ4SVdvh5t
|
|
|
syrusek
|
|
February 05, 2014, 01:05:01 PM |
|
I didn't mean dots
|
|
|
|
syncoin (OP)
Member
Offline
Activity: 112
Merit: 10
|
|
February 05, 2014, 01:31:41 PM |
|
I didn't mean dots Yeah, all these conventions can get real confusing, haha
|
Donate to The SynCoin Foundation Today: SynCoin Address: SYnFundYHArvaRGMowXE2v5fQQ4SVdvh5t
|
|
|
Boxman90
|
|
February 05, 2014, 01:46:28 PM |
|
1 BTC that this SYNCoin won't sync for most people @ launch.
|
LTC: LKKy4eDWyVtSrQAJy7Qmmz61RaFY91D9yC BTC: 18fzdnCkuUNthCD8hM36UBGopFa9ij78gG
|
|
|
podyx
Legendary
Offline
Activity: 2338
Merit: 1035
|
|
February 05, 2014, 04:40:38 PM |
|
"An altcoin that focuses on securely connecting users together, with reliability in mind."
LOL
|
|
|
|
syncoin (OP)
Member
Offline
Activity: 112
Merit: 10
|
|
February 05, 2014, 06:29:22 PM |
|
1 BTC that this SYNCoin won't sync for most people @ launch.
To be fair, I've set up 2 nodes already; 3 more will be up by the end of the week. Now, I appreciate some jabs here and there -- but I'd be glad to take that BTC, so bet away
|
Donate to The SynCoin Foundation Today: SynCoin Address: SYnFundYHArvaRGMowXE2v5fQQ4SVdvh5t
|
|
|
syncoin (OP)
Member
Offline
Activity: 112
Merit: 10
|
|
February 05, 2014, 09:45:30 PM |
|
1 BTC that this SYNCoin won't sync for most people @ launch.
To be fair, I've set up 2 nodes already; 3 more will be up by the end of the week. Now, I appreciate some jabs here and there -- but I'd be glad to take that BTC, so bet away Now that you mention that... it does sound a bit generic. I'll see what I can do. Sorry about that.
|
Donate to The SynCoin Foundation Today: SynCoin Address: SYnFundYHArvaRGMowXE2v5fQQ4SVdvh5t
|
|
|
XDStamos
Newbie
Offline
Activity: 2
Merit: 0
|
|
February 07, 2014, 04:20:03 AM |
|
Hi, I am the mod from this coin's subreddit, dropped in to say hi.
|
|
|
|
blueangel01
Sr. Member
Offline
Activity: 406
Merit: 250
Hello! Send me a message.
|
|
February 07, 2014, 06:51:25 AM |
|
"Block Reward: Calculated based on difficulty"
Finally, a block reward that i have been looking for. Even though the algo is not yet perfect, this could be a bridge to a better coin.
|
Msg me if you want me to put anything here.
|
|
|
vdaevski
|
|
February 08, 2014, 01:06:56 AM |
|
Hi everyone i will add working faucet for SynCoin on EarnCryptoCoins The faucet will be opened on SynCoin launch(02/19/2014). Don't forget to check in and earn free SYN.
|
|
|
|
eranbtc
|
|
February 08, 2014, 05:55:39 AM |
|
It is a fork of LiteCoin, I'am in!
|
|
|
|
Acidyo
|
|
February 08, 2014, 09:01:39 AM |
|
Release 2.19.14 < What the fuck is it?
19th february 2014 you silly european
|
|
|
|
Acidyo
|
|
February 08, 2014, 09:02:26 AM |
|
This coin looks promising, will hold an eye on it.
|
|
|
|
Mivexil
Member
Offline
Activity: 112
Merit: 10
|
|
February 08, 2014, 09:08:32 AM |
|
"Block Reward: Calculated based on difficulty"
Finally, a block reward that i have been looking for. Even though the algo is not yet perfect, this could be a bridge to a better coin.
I've been thinking about this. Is it scaling linearly? It would be a pretty interesting idea (your 1MH/s gives you a more or less constant amount of coins regardless of net hashrate), but the consequence would be a lack of incentive for early miners, which can leave the coin out in the field.
|
|
|
|
TheMightyX
Sr. Member
Offline
Activity: 350
Merit: 250
Vires in Numeris
|
|
February 08, 2014, 11:40:22 AM Last edit: February 08, 2014, 11:50:41 AM by TheMightyX |
|
Difficulty Calculation / Self-Regulation: Removing the variables from the code, the formula is as follows: [(10 * difficulty) / (number of blocks + 97200)] * 97200 Breaking it down, it is observable that 97200 is the 9-month mark given a block target of 4 minutes. What is not shown is the halving code, triggered per 300,000 blocks. This is necessary to combat inflation, and will not be removed despite the above algorithm doing preliminary calculations of nSubsidy (block reward). §: Due to the relationship between difficulty and reward, self-regulation occurs; too much hashrate/demand = a higher block reward, diluting the currency and reducing its value. Too little hashrate/demand = a lower block reward, increasing the value and incentivizing mining (after all, more profit at a lower difficulty is likely the most lucrative combination to miners).
Interesting concept. Hard to imagine how it will turn out. One way it could turn out: - Everyone will pile on causing massive inflation after its first initial spike in price.
- The inflation will cause the price of the coin to steadily drop.
- The value of mining the coin will drop and miners will move onto more lucrative coins.
- Inflation will slow down due to some miners leaving.
- Everyone coming to the coin late will be screwed because there will already be a shitload of the coins around but when they mine they get very few.
- This will drive even more people away which will drop the reward even more.
Will be interesting to see what happens. I will definitely be watching this release. If I may point out to everyone reading this. The block reward wont kick in for 28 months (roughly). I believe that wasn't quite clear in the announcement. The purpose of the block reward halving is to combat inflation, but it will be over 2 years before inflation is reduced by the block halving. In the new crypto coin world that is a very very long time. Most coins have a natural anti-inflation method by having a set block reward that more and more people are trying to get. So instead of printing enough money so everyone has some, everyone has to share the finite amount that is planned. This causes deflation and your money appreciates in value. The Syncoin method will rely on the mining profitability declining to reduce the appeal of mining, which will in turn increase the profitability of the coin. This is all just food for thought. This is an innovative coin and we should watch it closely.
|
|
|
|
brother3
|
|
February 09, 2014, 05:51:36 PM |
|
I like everything about this coin so far except for the high number of coins
|
|
|
|
|