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Author Topic: [ANN]DeleteCoin ***GET IN WHILE YOU STILL CAN ****  (Read 36120 times)
AltDeleter
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March 12, 2014, 01:46:27 AM
Last edit: April 25, 2014, 01:42:19 AM by AltDeleter
 #1

Now Live



Introducing the end of alt coins as we know it
DeleteCoin plans to systematically remove junk alt coins one transaction at a time


About

History
Bitcoin was created January 3rd, 2009 and has grown into a global phenomenon. As a global currency, cryptocurrency allows for global transactions and seemingly instantaneous transactions. However, with success comes imitation. Daily it seems like BitCoin or it’s little brother LiteCoin is cloned one way or another to create a new alt. This seems to be a never ending trend and the stock piles of useless “Alts” continues to grow. As alts fall off marketplaces, the miners are left holding mountains of useless coins that they spent time and money on generating.

DeleteCoin 2.0
We have implemented a new fork at block 6,000 to strengthen the overall value of DeleteCoin as well as to implement a new business process for how DeleteCoin will function as a whole. From block 6,000 forward, reward has been changed to 25 blocks instead of 250. Additionally, the max coin has been changed to 600 Million from 1 Billion, reducing the overall mined coin dramatically. The reason for this is to boost the value of DeleteCoin to give a stronger overall buying power to the coin itself.

Additionally, the process for acquiring alt coins as well as how DeleteCoins will be handled will change as well. This is a much more aggressive approach that some may not like at first, but we feel, with the feedback from the community, it is the best approach to achieve the overall goal of DeleteCoin, which is to resolve the dilution of coins do to the every day creation of new alt coins adding no value to the crypto realm. From this point forward, DeleteCoin will only accept coins currently on an exchange. This will allow us to dump the coins back onto exchanges and essentially flood the market and hopefully, ending the alt coin. When BTC is generated from these sales, they will be used to buy back DeleteCoins off the exchange which will be sent to a public address inaccessible to anyone, which in turn will remove those coins from circulation.  DeleteCoin will essentially act as a self deleting coin used to drive alt coins out of existence. This is a radical approach, but we feel it is the most effective manner to achieve our final goal.

Breakdown for clarification of the exchange rate. PLEASE READ BEFORE CONTACTING US
We have received several requests and after we confirm the amount to exchange, people seem put off by the amount of the Delete they are being offered. The exchange rate is very easy.
(1,000,000 DeleteCoins "1%")/ (Your Alt' Coins Max Coin Supply) * (The Number Of Coins You Want To Exchage) = Amount of DEL you will receive.
EXAMPLE= HeroCoin. 10,000,000 Total Coins, you have 5,362. 1,000,000/10,000,000*5,362= 536.2 DEL
EXAMPLE= PandaCoin 100 Billion Total Coins, you have 795,399. 1,000,000/100,000,000,000 * 10,399 = 7.95 DEL
The rate of exchange is identical across all coins, regardless of current value. If you tried to exchange BTC for some crazy reason, the same rule would apply and your 42 BitCoin would be worth 2 DeleteCoin. So please do not contact us and take offense when you get offered the amount based on this set exchange.

Exchanges
Swisscex


NXT-E


Details
1 Minute Block Time
1 Minute Retarget Time
25 Coins per Block
600 Million Total Coins (100Million to be mined)


Block Explorers
CryptExplorer

Wallets
Windows
(Disregard the virus alert, it is a false error on the .exe, same as litecoin's)

Source
GitHub

Bounties (coming out of my own mine, not the premine)
Mac Wallet
Block Explorer
Android App
Games
Market Places

Sample .conf
rpcuser=username
rpcpassword=password
rpcport=55900
listen=1
server=1
addnode=96.27.101.117
addnode=del.poolerino.com


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delphs
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March 12, 2014, 01:49:54 AM
 #2

Love it!

It has a direct goal and idea.

Can'T be worst the the crap out there.

BTC: 1JB4Gq82DM3WUsdkU3TPzU2haFbxCJgJss / WC: WT8gbDPdQUcjDq6gWg9N7w3q4AazUAy3g7 / WDC: WkzvC4YVC3nCzDW9BhFLtWk7YJhtgXQR6G / Addie: delphs Rep Thread: https://bitcointalk.org/index.php?topic=397706.0
maject
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March 12, 2014, 01:51:43 AM
 #3

Delete Dogecoin  Grin

【Donate, If I help you】 BTC: 1CAJMRAPXn5HaHBAJHzsHu8RbBjWRb47Z5 | LTC: LiPLbTegJ5jQ39B3xt88jWwpGTZHYoSjwR
Beecoin POOL : bee.updamoon.com | Leafcoin POOL : leaf.updamoon.com | Mooncoin POOL : moon.updamoon.com | Foxcoin POOL : fox.updamoon.com | Gatescoin POOL : gtc.updamoon.com | Smartcoin POOL : smc.updamoon.com
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March 12, 2014, 01:51:52 AM
Last edit: March 12, 2014, 02:12:56 AM by eizh
 #4

Offering 210,000 BTC for 1 million Deletes.

Edit: I misread. Apparently I need to offer 21 million BTC for 1 million Deletes. Sad
Jarod1231
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March 12, 2014, 01:53:56 AM
 #5

Bagholders gonna baghold

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March 12, 2014, 01:54:11 AM
 #6

well thats a cool idea, im in  Cool

mazuma
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March 12, 2014, 01:57:42 AM
 #7

why dont you help us all and delete deletecoin
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March 12, 2014, 01:59:07 AM
 #8

how will you delete other alts with your 50% premine?
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March 12, 2014, 01:59:25 AM
 #9

interesting concept

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March 12, 2014, 02:05:56 AM
 #10

how will you delete other alts with your 50% premine?

he explained it.

imagine trying to delete bitcoin
1mill deletecoins will be worth 21mill bitcoins (1 delete = 0.0476191btc)

he then swaps the coins at that constant rate with bitcoin users until he owns all the btc...
i presume he then simply sends the btc to a random address that he or anyone doesnt have a privkey for.

please note this is for the worthless altcoins.. i only used bitcoin as an example, for numeric purposes

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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March 12, 2014, 02:07:32 AM
 #11

how will you delete other alts with your 50% premine?

he explained it.

imagine trying to delete bitcoin
1mill deletecoins will be worth 21mill bitcoins (1 delete = 0.0476191btc)

he then swaps the coins at that constant rate with bitcoin users until he owns all the btc...
then simply send it to a random address that he or anyone doesnt have a privkey for.

please note this is for the worthless altcoins currently riding their prices to the ground. and hopefully shouldnt affect bitcoin

Unfortunately, this system relies trust which would probably be the failure of the coin. Unless the dev can develop a trustless system, the coin will never work.

Huntercoin: H9kttkrQidiQMG9NibmTgjgCKqWJMAkAXD
Riecoin: Like us on https://www.facebook.com/TheRiecoinCommunity
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103 days, 21 hours and 10 minutes.


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March 12, 2014, 02:08:15 AM
 #12

Very interesting

AltDeleter
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March 12, 2014, 02:08:39 AM
 #13

why dont you help us all and delete deletecoin
I plan to rely heavily on the community for input and to help us drive this project, but if you have an issue with the coin at least provide some constructive criticism please. Everyone has their own opinions.

how will you delete other alts with your 50% premine?
1% or 1 Million DeleteCoins is worth 100% of the Max_Money of the alt in question. We will then create an address to confirm that the alt was transferred and in return send the equal amount of DELs in return. So if the alt coin had a 100 Million Max Coin, the alt would be worth .01 DELs, if the alt had a cap of 750 Million, it would be worth .001333333 DELs
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March 12, 2014, 02:08:54 AM
 #14

No.
Zackgeno96
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March 12, 2014, 02:09:26 AM
 #15

seems cool!! are you gonna have a website, to send your useless trash aka rbbt to get delete coins without a manual payout?
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March 12, 2014, 02:15:07 AM
 #16

 I was just thinking about something like this today. Couldn't really figure how it would work. Good luck in your efforts.

EXPRESSCOIN- Lose 20% of your value before even getting coins?!?!Sounds great!
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March 12, 2014, 02:16:07 AM
 #17

This coin should be lauded. What need to have sympathy for the future bagholders of Aurora and Maza.
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March 12, 2014, 02:16:43 AM
 #18

How do you plan on proving deletion of the alts exchanged for Deletecoins? It seems like unless there is 100% certainty that these coins are being deleted that DEL has no difference from a normal coin?

That said, I like the idea, I think that publicly broadcasting the metrics of coins deleted could in the end help to improve all altcoin values, if you can prove destruction.
AltDeleter
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March 12, 2014, 02:37:50 AM
 #19

How do you plan on proving deletion of the alts exchanged for Deletecoins? It seems like unless there is 100% certainty that these coins are being deleted that DEL has no difference from a normal coin?

That said, I like the idea, I think that publicly broadcasting the metrics of coins deleted could in the end help to improve all altcoin values, if you can prove destruction.

We thought about this long and hard. We plan on tracking all metrics and displaying them on the site for public consumption. For the actual deletion of coins we plan to do a monthly purge of all the .dat files in which we will stream and record and post it on the site to guarantee that the coins are actually removed from circulation.
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March 12, 2014, 04:40:08 AM
 #20

Very interesting to try !

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