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Bitcoin Oz
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September 30, 2011, 01:47:17 AM
 #1

7 million premined coins?

LOL

Lets create a currency where all the coins are premined in the genesis block and hand them out to people who we like only.

If you follow me on twitter  or facebook you earn friendcoins   Smiley

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ArtForz
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September 30, 2011, 01:50:59 AM
 #2

Weeds.

bitcoin: 1Fb77Xq5ePFER8GtKRn2KDbDTVpJKfKmpz
i0coin: jNdvyvd6v6gV3kVJLD7HsB5ZwHyHwAkfdw
Bitcoin Oz
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September 30, 2011, 01:58:58 AM
 #3

Weeds.

I dont want his currency i want my own lol.

michaelmclees
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September 30, 2011, 05:00:09 PM
 #4

Be on the lookout for Fairbrix.   Wink
Peter Lambert
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September 30, 2011, 09:32:07 PM
 #5

I suppose that could work ... but how do you get people to uphold the network? Transaction fees?

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
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October 02, 2011, 09:57:45 AM
 #6

I suppose that could work ... but how do you get people to uphold the network? Transaction fees?
you only let your friends do transactions

Bitcoin Oz
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October 02, 2011, 10:34:45 AM
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Be on the lookout for Fairbrix.   Wink

More like 0brix  Smiley

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October 02, 2011, 10:37:51 AM
 #8

I suppose that could work ... but how do you get people to uphold the network? Transaction fees?

How will bitcoin function when all the coins have been created ?

Think of it as a shortcut to finding out how that will function.

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October 02, 2011, 11:45:31 AM
 #9

I suppose that could work ... but how do you get people to uphold the network? Transaction fees?

How will bitcoin function when all the coins have been created ?

Think of it as a shortcut to finding out how that will function.

The difference is bitcoin has users already. People will continue mining to keep the network moving because they have transactions they want processed.

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iopq
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October 02, 2011, 12:37:25 PM
 #10

I suppose that could work ... but how do you get people to uphold the network? Transaction fees?

How will bitcoin function when all the coins have been created ?

Think of it as a shortcut to finding out how that will function.

The difference is bitcoin has users already. People will continue mining to keep the network moving because they have transactions they want processed.
I have transactions on the namecoin network
but I'll let the OTHER people mine at that insane difficulty

bitcoin could literally die when the reward halves

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October 02, 2011, 11:45:07 PM
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I have 700 friends online and i will sell them for 1 friendcoin each.

You can not roll a BitCoin, but you can rollback some. Cheesy
Roll me back: 1NxMkvbYn8o7kKCWPsnWR4FDvH7L9TJqGG
Bitcoin Oz
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October 03, 2011, 05:59:12 AM
 #12

I have 700 friends online and i will sell them for 1 friendcoin each.

Every time you add a friend you have  to pay me lol.


d.james
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October 04, 2011, 07:00:19 AM
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NoNoNo, You have to pay me 1 friendcoin for each friend I add then transfer to you.

You can not roll a BitCoin, but you can rollback some. Cheesy
Roll me back: 1NxMkvbYn8o7kKCWPsnWR4FDvH7L9TJqGG
steelhouse
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October 04, 2011, 06:10:40 PM
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I started a minersareidiots thread.  Your thread sounds more pleasant.  You are correct they all should be premined.
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October 05, 2011, 02:27:05 PM
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I suppose that could work ... but how do you get people to uphold the network? Transaction fees?

How will bitcoin function when all the coins have been created ?

Think of it as a shortcut to finding out how that will function.

The difference is bitcoin has users already. People will continue mining to keep the network moving because they have transactions they want processed.
I have transactions on the namecoin network
but I'll let the OTHER people mine at that insane difficulty

bitcoin could literally die when the reward halves

It's going to have major issues.
Won't be profitable for the vast majority of miners, hash rate will go through the floor, then it'll have NamecoinSyndrome:  Huge difficulty, no hashes, a thousand+ blocks till difficulty changes.

BTC:  1AURXf66t7pw65NwRiKukwPq1hLSiYLqbP
iopq
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October 05, 2011, 03:09:39 PM
 #16

I suppose that could work ... but how do you get people to uphold the network? Transaction fees?

How will bitcoin function when all the coins have been created ?

Think of it as a shortcut to finding out how that will function.

The difference is bitcoin has users already. People will continue mining to keep the network moving because they have transactions they want processed.
I have transactions on the namecoin network
but I'll let the OTHER people mine at that insane difficulty

bitcoin could literally die when the reward halves

It's going to have major issues.
Won't be profitable for the vast majority of miners, hash rate will go through the floor, then it'll have NamecoinSyndrome:  Huge difficulty, no hashes, a thousand+ blocks till difficulty changes.
yeah, the difficulty adjustment algorithm makes me a sad panda
if people realize that GG is more profitable or something they'll start mining it

if the difficulty adjustment algorithm worked it would halve the difficulty quickly when people leave to mine another cryptocurrency and it would settle at a new, lower value, but BTC might drop in hashrate
and then someone could take it over with just a few terahashes and do doublespend attacks on exchanges

Bitcoin Oz
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October 06, 2011, 05:37:59 AM
 #17

I started a minersareidiots thread.  Your thread sounds more pleasant.  You are correct they all should be premined.

brocoin   Smiley

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