[PRE-ANN][HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast

[keccak512]

A cpu coin needs to crush these cheap means to suck up all of the minting. CPU power is cheap for them to give out, but RAM still costs them. If people want to rape cpu coins with vps nodes and instances make them pay the price and have to splash on the most RAM as possible. It will actually increase the stability and price of the coin.

Fair point, but although increasing memory may help curb botnets (yet to be seen), it does not stop GPU/ASICs, which we consider to be a much larger threat to decentralized mining.  GPU and ASIC farms have orders of magnitude more hashing power than botnets, which should be more on par with a modest size CPU-pool.

I personally do not think much can be done about botnets, which is why Heavycoin does not prioritize thwarting them over GPU/ASIC miners.  Meanwhile, GPUs and ASICs are still able to mine memory-hard coins with astronomical advantage.  Memory-hard is clearly not working.

We think it's time for a different approach.

[Prabhjot Lalli]

Monitoring.

[Tovey]

Good coin!

[virtualdn]

http://coinok.pw would like to apply for bounties as:

- the first faucet
- the first paper wallet
- the first game

[keccak512]

http://coinok.pw would like to apply for bounties as:

- the first faucet
- the first paper wallet
- the first game

Your interest has been registered.  Thanks!

In most cases bounties will be determined after the mining launch and will be awarded for working services only.  In special cases a bounty may be reserved ahead of the launch date.  Some examples are

• Translating the Heavycoin PRE-ANN post to another language
• Promoting Heavycoin on another forum, twitter, Facebook, etc
• Development contributions for a block explorer
• Development contributions towards a mining pool.
• Development contributions toward p2pool

The last three examples may require interactions with the core Heavycoin developers before the launch.  If someone is willing to commit to such an effort before the mining launch, then it makes sense to promise their bounty ahead of time.  Assuming they can deliver, then they would received their bounty after we go live.

Please watch this space for announcements about pre-launch bounties that we may offer for spreading the word about Heavycoin.[/list]

[eB101]

Did the IPO Start? I'm interested but it doesn't seem like it started, or maybe just no one is interested yet?

[otila]

Moreover, the top bits are considered to be much stronger than the lower bits.

This is highly untrue for cryptographic hash functions.

experimentally validating it against FIPS 140-2 and the Dieharder statistical test suite

This is very irrelevant.

[doge94]

http://coinok.pw would like to apply for bounties as:

- the first faucet
- the first paper wallet
- the first game

Your interest has been registered.  Thanks!

In most cases bounties will be determined after the mining launch and will be awarded for working services only.  In special cases a bounty may be reserved ahead of the launch date.  Some examples are

• Translating the Heavycoin PRE-ANN post to another language
• Promoting Heavycoin on another forum, twitter, Facebook, etc
• Development contributions for a block explorer
• Development contributions towards a mining pool.
• Development contributions toward p2pool

The last three examples may require interactions with the core Heavycoin developers before the launch.  If someone is willing to commit to such an effort before the mining launch, then it makes sense to promise their bounty ahead of time.  Assuming they can deliver, then they would received their bounty after we go live.

Please watch this space for announcements about pre-launch bounties that we may offer for spreading the word about Heavycoin.[/list]

Talking about bounties I would be willing to work with you to get a stratum-mining implementation working for my pool. Please PM me.

[Frogcoin]

Where are the other 1.5 million coins?

I see 5m + (55m or 120m) + 1.5m, but that leaves 1.5 left over. Are you just keeping them?

[JammyDodger]

Added to Cryptocoins Calendar looking forward to seeing this, all the best with the release.

[TiberiuC]

So the investors will get 5mil no matter how many coins are voted? The miners, which are probably more will vote 128M at the disadvantage of investors.
Or i'm getting this wrong?

[keccak512]

Did the IPO Start? I'm interested but it doesn't seem like it started, or maybe just no one is interested yet?

Dates and info

• IPO dates: Feb 17th - March 3rd, 2014

From http://heavycoin.github.io/launch.html

[keccak512]

So the investors will get 5mil no matter how many coins are voted?

correct.  Investors split the 5M proportionally.  It's a relatively small IPO.

The miners, which are probably more will vote 128M at the disadvantage of investors.
Or i'm getting this wrong?

The IPO's 5M is guaranteed to be 4% or more of the total money supply, once mining is exhausted.

If the decentralized voting decreases the supply, then the IPO's 5M can be at most 8%.

[SCryptoMiners]

I'd be more than happy to set up a pool for this, just sent you a pm about it keccak512.

[keccak512]

Where are the other 1.5 million coins?

I see 5m + (55m or 120m) + 1.5m, but that leaves 1.5 left over. Are you just keeping them?

The 1.5 is from the 1-2% premine, which is described in the announcement

...
Total supply: 63M to 128M HVC (depending on votes)
Multipool protection: Kimoto Gravity Well Temporal Retargeting
Premine: 1-2% (depending on total supply) for future development, support and maintenance

[keccak512]

I'd be more than happy to set up a pool for this, just sent you a pm about it keccak512.

Got it. Thanks!  I'll be in touch.

[doge94]

We will be working with devs to ensure everything will be working on launch! First pool!



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• IRC chat

http://heavy.stablehash.com/

0% fee for next 50 miners!

[freet0pian]

No picture of Heavy?

[keccak512]

Moreover, the top bits are considered to be much stronger than the lower bits.

This is highly untrue for cryptographic hash functions.

Take, for instance, SHA-256



The tops bits A will have been through more rounds of the compression function.

experimentally validating it against FIPS 140-2 and the Dieharder statistical test suite

This is very irrelevant.

Formal analytical proofs seems quite rare in this area.  SHA-256 and many others don't have them.  To the best of our knowledge, FIPS 140-2 and Dieharder are commonly used for evaluation, but we are keen to do more work on this in the future.

[keccak512]

you need independent escrow for the IPO

I'm open to this idea.  I'll speak to Nomisugi tomorrow and make a decision.  Maybe a senior forum member or do you have another suggestion?