[ANNOUNCE] Bitcoin Pie - see the market cap for major crypto-currencies

[ripper234]

After I realized there isn't a convenient way to see the market cap of the alternative currencies, I went ahead and create ... Bitcoin Pie.

The code is available on Github, feature requests and patches are welcome (please submit directly on github).

The currencies I currently support are Bitcoin, Tenebrix, Namecoin and SolidCoin. If you know of functioning exchanges for other currencies, ping me and I'll add them.

Early results: Bitcoin is only 98.5% of the crypto-economy, Tenebrix takes almost a full percent, and Namecoin another 0.3%.

[1714019689]

1714019689

[Lolcust]

Holy robot balls, a whole percent ?

I wonder how lucrative the Tenebrix  poker room (https://bitcointalk.org/index.php?topic=47168.0) shall be

[ripper234]

Holy robot balls, a whole percent ?

I wonder how lucrative the Tenebrix  poker room (https://bitcointalk.org/index.php?topic=47168.0) shall be

It appears so. You're the creator of Tenebrix, right?
I honestly don't understand why people find it so appealing. I've read the FAQ, and I don't agree that being CPU-friendly is an important quality in a mature crypto-currency. In The Future, assuming WhateverCoin is wide spread, there will be serious money to be made securing its network, and so most of the mining will be done by professionals anyway. What do I care if those professionals use CPUs, GPUs, ASYCs, or Quantum Computers?

[3phase]

Holy robot balls, a whole percent ?

I wonder how lucrative the Tenebrix  poker room (https://bitcointalk.org/index.php?topic=47168.0) shall be

Well, more than 90% is your premined stash. Not that I have a problem with it.

That put the rest of us with TBX in the same league with SC

Excellent idea OP, BTW.

[ripper234]

Well, more than 90% is your premined stash. Not that I have a problem with it.

That put the rest of us with TBX in the same league with SC

Excellent idea OP, BTW.

Thanks.

Right, I forgot to account for the pre-mined coins, my other objection to Tenebrix.
For Tenebrix to succeed those pre-mined coins have to be distributed/sold/offered as bounties ASAP.
The fact a single person holds 90% of the economy in his pocket is a serious fault.

I say - sell 90% of your pre-mined coins now, keep 5% for yourself, and offer the rest in bounties.

It will "crash" the Tenebrix economy, but hoarding such a huge stash will prevent it from kick-starting in the first place.

[Lolcust]

Holy robot balls, a whole percent ?

I wonder how lucrative the Tenebrix  poker room (https://bitcointalk.org/index.php?topic=47168.0) shall be

It appears so. You're the creator of Tenebrix, right?
I honestly don't understand why people find it so appealing. I've read the FAQ, and I don't agree that being CPU-friendly is an important quality in a mature crypto-currency. In The Future, assuming WhateverCoin is wide spread, there will be serious money to be made securing its network, and so most of the mining will be done by professionals anyway. What do I care if those professionals use CPUs, GPUs, ASYCs, or Quantum Computers?

CPUs are more widespread, so both Huge Business Clusters with dedicated conditioning and guards and "swarms" of "opportunistic joe sixpack computers" millions of units strong united by a pool will all have their (potential) place in this hypothetical setting, while dominance of a more special, less commonplace type of component ensures that only those with the components in question take a stab.

CPUs (I include stuff like Cells which, BTW, should be pretty decent at current TBX PoW, so if you have a PS3, hack away ) are perhaps the most common computer component manufactured, so economies of scale and width of their adoption are unlike any other component type.

But let us discuss this in the Main TBX thread, and not clutter up this marvelous thread and its pie

[Lolcust]

Well, more than 90% is your premined stash. Not that I have a problem with it.

That put the rest of us with TBX in the same league with SC

Excellent idea OP, BTW.

Thanks.

Right, I forgot to account for the pre-mined coins, my other objection to Tenebrix.
For Tenebrix to succeed those pre-mined coins have to be distributed/sold/offered as bounties ASAP.

They are being offered as bounty (I linked one in my response), and it seems that you have no love for the transaction mixer project, the latter, being, of course, a position I have to politely disagree with.

I believe that it is time for a cryptocurrency with even stronger ability to conceal its users while confusing and befuddling those who try to track them.

It will "crash" the Tenebrix economy, but hoarding such a huge stash will prevent it from kick-starting in the first place.

1)
Market-crashy stashes of BTC do not seem to cause any trouble, and in fact, neither do immense bullion hoards hurt gold.

2)
Speculators at btc-e seem not to agree with you, so the invisible hand has pretty much spoken (in its traditional buy/sell gestures), and it said "meh, whatever, let's trade this shiny crypto-not-really-money-but-kinda-like-that thing".

[bulanula]

This makes me hungry. Please update exchange rates as TBX is at 0.01 now !

[ripper234]

This makes me hungry. Please update exchange rates as TBX is at 0.01 now !

What do you mean "please update", the site is updated in real time ... you can click on the price to see the source.

[ripper234]

Added GeistGeld, I missed that it was traded on btc-e.com

[bulanula]

Added GeistGeld, I missed that it was traded on btc-e.com

Nice !

[ripper234]

Added LiteCoin.

[sd]

I'm disappointed. I read Bitcoin Pie and thought someone was selling pies for BitCoins.

[CoinHunter]

Looks nice. How are you calculating SolidCoin's coin base though? We have over 1.6 million coins out there now so it's a little off. But I like it anyway.

[freequant]

Looks nice. How are you calculating SolidCoin's coin base though? We have over 1.6 million coins out there now so it's a little off. But I like it anyway.

Indeed, OP forgot the 12M coins premine.

[CoinHunter]

Looks nice. How are you calculating SolidCoin's coin base though? We have over 1.6 million coins out there now so it's a little off. But I like it anyway.

Indeed, OP forgot the 12M coins premine.

Except that 12M can't be spent, so it's not really worth counting it.

[gmaxwell]

Except that 12M can't be spent, so it's not really worth counting it.

So it still can't be spent when it's released by the trust block mining process into an account you control?

[CoinHunter]

Except that 12M can't be spent, so it's not really worth counting it.

So it still can't be spent when it's released by the trust block mining process into an account you control?

It depends how you look at it. If you look at this here :-

http://blockexplorer.ahimoth.com/Home/BlockDetails?hash=00005b3dbf940ba9df42b2d86fd055706d0eac22cd3f39235b3f0e793bee61b8

Which is a trusted block, you'll see there is only two transactions. The first is a generate, it's value goes to the CPF. The second is a transaction from the trusted node, which effectively removes value from its own account. The trusted node itself never sends money directly to the CPF, instead, it losing value is a sign of "yes I have a million dollar account before and after this transaction which costs me money".

So trusted nodes create a generate which goes to the CPF, and they add their own special transaction which "seals" the block as trusted, trusted nodes don't directly fund the CPF.

So when I say those funds cannot be spent on the network it means a trusted node, if it hacked its own client and tried to actually send any money out, would get rejected by every other client, no other client would even propagate the transaction. Every client on the network looks for these addresses and will not allow them to be used outside of the very strict manner of "Sealing" blocks and losing money doing it.

I posted some more info on this over here :-
http://bitcoin.stackexchange.com/questions/1583/who-controls-solidcoins-special-millionaire-accounts/

Anyone calculating total coinage in SolidCoin should factor in CPF payments from the generates which is 5% per block. I haven't done total coinage calculations in a few days, but we should be around 1.6-1.8 million. I'm going to add a total coinage in the system information to http://solidcoin.info soon.

[doobadoo]

What do I care if those professionals use CPUs, GPUs, ASYCs, or Quantum Computers?

Bitcoins are mined by GPUs, CPU Bitcoin mining is woefully uncompetitive.  The same GPU-on-steroids Bitcoin mining rig can run a CPU based mining program SIMULTANEOUSLY, without costing much if any loss of Bitcoin GPU-based hashes...

Get it now?  IF crypto-currencies are successful, there will be 2: a GPU intensive and a CPU intensive block.  The same professional big iron that secures Bitcoin, will secure "CPU-coin."   I happen to think that the incorporation of the best features of the alt. chains, along with the very egalitarian launch will make LTC the eventual CPU-intensive currency winner. 

I could be wrong, maybe all the alt chains die off and Bitcoin is the be-all, end all crypto-currency.

[kano]

Looks nice. How are you calculating SolidCoin's coin base though? We have over 1.6 million coins out there now so it's a little off. But I like it anyway.

Indeed, OP forgot the 12M coins premine.

Except that 12M can't be spent, so it's not really worth counting it.

The definition of the word "Can't" either clearly illudes you or your lying.
If it's simply a flag, a flag is easy to change when the code isn't opensource where everyone can see it AS it changes ... rather than much later (or never)