[Announce] Fairbrix relaunched!

[phelix]

is there some way to check difficulty?

was the starting difficulty the same as with tenebrix?

edit: okok. just point your favorite bitcoind / tenebrixd client at it with a getinfo or getdifficulty 

[Lolcust]

wtf, I left my notebook running with fbrix for fun, and now all of the coinage it mined is gone.

How... unpleasant.

[coblee]

wtf, I left my notebook running with fbrix for fun, and now all of the coinage it mined is gone.

How... unpleasant.

Yeah, it was unpleasant. Most of the blocks I mined were orphaned as well. It seems like someone did a 51% attack on it.

[Bobnova]

Mine too, obviously.
Got >1kiloFbrix now though.

[phelix]

minerd does not seem to find anything.. neither yaay nor boo 

[freequant]

I confirm the chain is back on track.
All it needs now is to garner enough hashing power and increase in difficulty.

[caston]

I confirm the chain is back on track.
All it needs now is to garner enough hashing power and increase in difficulty.

I reloaded my original wallet.dat and it still has no coins.

[worldinacoin]

Same here, maybe the difficulty is quite high. 

[freequant]

I confirm the chain is back on track.
All it needs now is to garner enough hashing power and increase in difficulty.

I reloaded my original wallet.dat and it still has no coins.

That's because your coins were on the segment that was taken over by the 51% attack (or whatever happened that actually generated a longer strand).
I've also lost thousands of coins to the attack.

Coins mined after the attack are maturing normally and the hashrate is building up steadily.
The more time passes the less likely these will vanish like the first did.

[coblee]

I confirm the chain is back on track.
All it needs now is to garner enough hashing power and increase in difficulty.

Yes, the relaunched fairbrix is back on track. Currently at block 4401, difficulty is 0.00390625.

[bulanula]

I confirm the chain is back on track.
All it needs now is to garner enough hashing power and increase in difficulty.

I reloaded my original wallet.dat and it still has no coins.

That's because your coins were on the segment that was taken over by the 51% attack (or whatever happened that actually generated a longer strand).
I've also lost thousands of coins to the attack.

Coins mined after the attack are maturing normally and the hashrate is building up steadily.
The more time passes the less likely these will vanish like the first did.

Unless Tenebrix attacks you again with his botnet

[Lolcust]

I confirm the chain is back on track.
All it needs now is to garner enough hashing power and increase in difficulty.

I reloaded my original wallet.dat and it still has no coins.

That's because your coins were on the segment that was taken over by the 51% attack (or whatever happened that actually generated a longer strand).
I've also lost thousands of coins to the attack.

Coins mined after the attack are maturing normally and the hashrate is building up steadily.
The more time passes the less likely these will vanish like the first did.

Unless Tenebrix attacks you again with his botnet

Your libel is not even amusing anymore.

I wonder, is outright libel against the rules ^__~ ?

[caston]

Assuming there was a 51% attack whoever did that attack probably has a shitload of bricks. If any exchange is ever opened those bricks will be dumped there.

[Lolcust]

A shitload of frix, you wanted to say ?

Yes, and blockchain analysis would be useful in telling whether that is the case.

[bulanula]

Assuming there was a 51% attack whoever did that attack probably has a shitload of bricks. If any exchange is ever opened those bricks will be dumped there.

Can't wait !

[worldinacoin]

Kinda weird, I had two transactions, but nothing is shown.

[coblee]

The next step for Fairbrix is a block explorer. But it will take a fair bit of work to create a daemon version of fairbrix similar to what lolcust has done with the tenebrix daemon. Let me know what your thoughts are and I will decide whether or not to spend time on this.

I'm in support of not having a FBX-BTC exchange for a while. I believe if an exchange starts up too early, the coin will become a pump and dump coin. If all you did was spend a few days mining a new coin and an exchange opens that values your coins at 100 BTC, why wouldn't you just sell all your coins and make 100 BTC for a fews days of work? I think that is what's happening with GeistGeld and Tenebrix. And when that happens, it's hard for a coin to succeed.

So what I want is to see if Fairbrix can stand on its own. See if people are willing to mine it without an exchange in sight. If people believe in the cpu-based mining concept without the premining, then they will continue to mine fairbrix... similar to how people mined bitcoins without an exchange early on. And if that happens, then it will become a viable alternative to bitcoin.

[bulanula]

The next step for Fairbrix is a block explorer. But it will take a fair bit of work to create a daemon version of fairbrix similar to what lolcust has done with the tenebrix daemon. Let me know what your thoughts are and I will decide whether or not to spend time on this.

I'm in support of not having a FBX-BTC exchange for a while. I believe if an exchange starts up too early, the coin will become a pump and dump coin. If all you did was spend a few days mining a new coin and an exchange opens that values your coins at 100 BTC, why wouldn't you just sell all your coins and make 100 BTC for a fews days of work? I think that is what's happening with GeistGeld and Tenebrix. And when that happens, it's hard for a coin to succeed.

So what I want is to see if Fairbrix can stand on its own. See if people are willing to mine it without an exchange in sight. If people believe in the cpu-based mining concept without the premining, then they will continue to mine fairbrix... similar to how people mined bitcoins without an exchange early on. And if that happens, then it will become a viable alternative to bitcoin.

Cool idea.

[Bobnova]

The only reason to mine any coin (save for namecoin, sortof) is to exchange it.  You may be exchanging it for another "currency", or for USD, or for some physical item (though I doubt that, honestly.  Far too easy to scam someone as a seller given the non-reversableness of the payment), but exchanging is the point.
Once you take a look at how easy it is to scam someone who pays in *coins, exchanging for other forms of money becomes the only viable option.

[coblee]

The only reason to mine any coin (save for namecoin, sortof) is to exchange it.  You may be exchanging it for another "currency", or for USD, or for some physical item (though I doubt that, honestly.  Far too easy to scam someone as a seller given the non-reversableness of the payment), but exchanging is the point.
Once you take a look at how easy it is to scam someone who pays in *coins, exchanging for other forms of money becomes the only viable option.

If that's the only reason, then there's no point in the currency at all. The point of a currency is to buy goods. If it's just to exchange for another currency, then it's doom to fail.