Coming Soon - Fairbrix

[michaelmclees]

Like Tenebrix... but without the 7 million premined coins.

Before general release, I will mine about 151 blocks to lock in the Genesis block and establish that the program works as advertised.

Genesis nonce/hash has been found.

First lock-in is at 150 blocks.

I will mine 151 blocks to lock-in Genesis and release the link for everyone else shortly after that.

I will NOT mine very much beyond this, if at all before the general release.  All blocks, including the first, will be worth only 25FBX.

[MaGNeT]

Failbrix?

[rTech]

who actual cares about these forks anyways... they will die quite soon as none gives a crap about them

[Etlase2]

but how much money do I get for being an early adopter?

[Peter Lambert]

You say "Like Tenebrix", what does that even mean, what is a tenebrix?

How are these different than other cryptocurrencies?

[michaelmclees]

You say "Like Tenebrix", what does that even mean, what is a tenebrix?

How are these different than other cryptocurrencies?

One mines these more efficiently with a CPU than a GPU.  Blocks found every 5 minutes on average.

See the Tenebrix announcement for more details.

[Bobnova]

I love it, "No premined coins except the 3775 I'm premining!".


Got a start date?

[coblee]

I love it, "No premined coins except the 3775 I'm premining!".

If you really want to call it fairbrix and claim no premined coins, then you need to donate those premined coins to a faucet or something.

And do you really need to premine to lock in the genesis block? The genesis block can be locked in by itself in the config and no one can mess with it without forking another chain. So what's the reason the premine 150 blocks other than just to keep those coins to yourself?

[michaelmclees]

I love it, "No premined coins except the 3775 I'm premining!".


Got a start date?

Probably will be tomorrow.  Definitely will be soon.

I guess I should be clear about what a premined coin is.  Premined coins are those above normal within the Genesis block itself.  This chain will not feature such a Genesis block.

My wallet will become trivial within probably a few days of release, unlike the Tenebrix protection/laundry fund, which will be 50% of the entire chain after 3 years worth of mining.

[coblee]

I guess I should be clear about what a premined coin is.  Premined coins are those above normal within the Genesis block itself.  This chain will not feature such a Genesis block.

By almost everyone else's definition of premined coins is coins that are mined before the client is released to the public. Ixcoin's creator premined 580k coins before releasing ixcoin. Lolcust just happened to come up with a way to put all the premined coins in the genesis block so as to not bloat the chain unnecessarily.

So just say fairbrix will have 3775 premined coins as oppose to tenebrix's 7.7 mil. Nothing wrong with that.

[TiagoTiago]

If you really wanna make it no premined coins while still being able to premine some coins for testing, how about you setup some little program to send  a fraction of the premine to each one of the first few hundred address that show in the block chain, being careful to refuse any money sent back to yourself (put it back into the autofaucet if it comes back to you before the autofaucet dries up) ?

[michaelmclees]

I guess I should be clear about what a premined coin is.  Premined coins are those above normal within the Genesis block itself.  This chain will not feature such a Genesis block.

By almost everyone else's definition of premined coins is coins that are mined before the client is released to the public. Ixcoin's creator premined 580k coins before releasing ixcoin. Lolcust just happened to come up with a way to put all the premined coins in the genesis block so as to not bloat the chain unnecessarily.

So just say fairbrix will have 3775 premined coins as oppose to tenebrix's 7.7 mil. Nothing wrong with that.

Fair enough.  I'll make the necessary changes.

[Peter Lambert]

If you really wanna make it no premined coins while still being able to premine some coins for testing, how about you setup some little program to send  a fraction of the premine to each one of the first few hundred address that show in the block chain, being careful to refuse any money sent back to yourself (put it back into the autofaucet if it comes back to you before the autofaucet dries up) ?

Or you could just send those coins to random addresses. Then some people someday will find an extra couple brix in their wallet No need to favor early adopters!

[nmat]

Or you could just send those coins to random addresses. Then some people someday will find an extra couple brix in their wallet No need to favor early adopters!

That's like destroying them. Finding a collision is highly unlikely.

[coblee]

Or you could just send those coins to random addresses. Then some people someday will find an extra couple brix in their wallet No need to favor early adopters!

That's like destroying them. Finding a collision is highly unlikely.

Check this post to see how unlikely that is: https://bitcointalk.org/index.php?topic=4858.msg71200#msg71200

[freequant]

First lock-in is at 150 blocks.
I will mine 151 blocks to lock-in Genesis and release the link for everyone else shortly after that.

You don't need to "lock-in" anything.
Someone who wants to forerun you will have to start from the same genesis block, or he will be starting another blockchain.
Whatever amount of blocks you pre-mine will not allow to prevent someone from starting a new blockchain with a different genesis block.
Admit it : basically, all you want to lock-in is your profit...

[worldinacoin]

Reminds me of Ixcoin and I0coin, what alternative coins coming out next?

[grndzero]

Reminds me of Ixcoin and I0coin, what alternative coins coming out next?

I think we need a new subforum for Alternative Crypto Currencies -> Protest Currencies, currencies solely launched in protest of something they didn't like about the original alternative currency

[Lolcust]

I for one, intend to make an extortion-less solidcoin 2.0 fork, assuming SC ever comes out of beta

[EskimoBob]

we are waiting