the_darkness
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April 22, 2014, 12:22:43 AM |
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I don't think Honeypot or whatever its called has enough going for it over BMR to succeed. BMR at least had the BCN pre-mine to push off against. Later clones don't.
BCN might still succeed on the basis of being first and having a larger network. BMR might make it on the basis of not having a premine. Beyond that I don't see it.
The 10% tax is a mistake. Gives people yet one more reason to just stick with BCN or BMR.
Yeah on the scale of the average coin launch BMR was great. A bit disorganized in terms of presentation, but generally non-scammy: no IPO, no premine, binaries in Windows/Linux available immediately, rapid tech support for people having trouble, etc. It's pretty rare to see that these days sadly. |
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DStrange (OP)
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April 22, 2014, 05:54:39 AM |
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Oh, folkes.
That's so weird to tell about BCN "pre mine" and BMR no-premine as its advantage. You know, people who will find out BMR much more later will say that you premined BMR. Just because they will be late for low diffs.
And they will think it's unfair distribution, because you have coins and they don't. As you do it now.
People will start to do their own "fair" forkes. As a result we will have hundreds useless coins as Bitcoin's ones. It's so stupid and irritating.
Btw I offer not to call BCN situation as "premine", because it's significantly other situation.
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smooth
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April 22, 2014, 06:02:00 AM |
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Oh, folkes.
That's so weird to tell about BCN "pre mine" and BMR no-premine as its advantage. You know, people who will find out BMR much more later will say that you premined BMR. Just because they will be late for low diffs.
And they will think it's unfair distribution, because you have coins and they don't. As you do it now.
People will start to do their own "fair" forkes. As a result we will have hundreds useless coins as Bitcoin's ones. It's so stupid and irritating.
I mostly agree with this, but the situation between BCN and BMR is pretty different from BMR vs future clones. Bytecoin was deliberately hidden for almost two years. BMR, etc. are not hidden. Btw I offer not to call BCN situation as "premine", because it's significantly other situation.
I usually call it "premine" with the quotes because I agree it isn't exactly a premine. It's something like a typical premine, but not exactly. |
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matej krkic
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April 22, 2014, 06:03:43 AM |
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Oh, folkes.
That's so weird to tell about BCN "pre mine" and BMR no-premine as its advantage. You know, people who will find out BMR much more later will say that you premined BMR. Just because they will be late for low diffs.
And they will think it's unfair distribution, because you have coins and they don't. As you do it now.
People will start to do their own "fair" forkes. As a result we will have hundreds useless coins as Bitcoin's ones. It's so stupid and irritating.
Btw I offer not to call BCN situation as "premine", because it's significantly other situation.
+1 It seems to me that the main goal of everyone here is to have as much easy money as its's possible. I think we should start a personal fork for everyone here. |
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eizh
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April 22, 2014, 06:09:38 AM |
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Oh, folkes.
That's so weird to tell about BCN "pre mine" and BMR no-premine as its advantage. You know, people who will find out BMR much more later will say that you premined BMR. Just because they will be late for low diffs.
And they will think it's unfair distribution, because you have coins and they don't. As you do it now.
People will start to do their own "fair" forkes. As a result we will have hundreds useless coins as Bitcoin's ones. It's so stupid and irritating.
Btw I offer not to call BCN situation as "premine", because it's significantly other situation.
I agree that it's definitely not a premine. I now always put premine in quotes when referring to BCN. It's more like an extreme case of a ninja launch if we had to put words to it. But there's really no appropriate terminology for this because a deepweb launch followed by 2 years of mining is unprecedented in cryptocurrency history. But is this an advantage for BMR? Seems the market (miners) think so, which suggests we as a community doesn't see a deepweb launch as public knowledge (hence the premine accusations). It's just an opinion, but I tend to sympathize with that. BMR's difficulty is ~250k, which is equivalent to 500k BCN difficulty. And it hit this 3 days after launch, which speaks for itself. The emission is a lot flatter and there a lot of people on it right now so I don't think this is merely a get-rich-quick scheme. |
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smooth
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April 22, 2014, 06:14:34 AM |
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I'd add one more thing about "early adopters" getting free money on BMR. It isn't really happening because the reward schedule is so slow. This coin will be generating similar reward blocks for years. This is not the typical instamine situation where early adopters grab up a lot of easy coins on the first day. Very few coins were mined on the first day. There will be early adopters on this coin for years to come, if it survives.
As someone else said (not sure if it was this thread or the other one), BMR had (and is having) a really clean launch.
If BCN supporters want their coin to win, they're going to have to do it on the basis of the coin having a well-developed community and infrastructure. So far I don't see it, but who knows what is lurking in the dark web? I don't.
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sgk
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!! HODL !!
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April 22, 2014, 07:39:05 AM |
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but who knows what is lurking in the dark web? I don't.
Exactly this. The coin has been on dark web for 2 years and there have been regular transactions, so community for this coin already exists; just that we don't see them often. |
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DStrange (OP)
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April 22, 2014, 12:40:30 PM
Last edit: April 22, 2014, 01:01:40 PM by DStrange |
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How about the new logo for BCN? Could we do that? We can organize logo-contest with a prize from the Call-To-Arms Fund ( https://bitcointalk.org/index.php?topic=563356.0) I think about something 8-bit black and orange, but more stylish than existing logo. Are there any designers in our community? |
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Wanesst
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April 22, 2014, 12:54:40 PM |
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How about the new logo for BCN? Could we do that? We can organize logo-contest with a prize from the Call-To-Arms Fund ( https://bitcointalk.org/index.php?topic=563356.0) I think about something 8-bit black and orange. Are there any designers in our community? Great idea! I agree with 8-bit style but colors can be different. Poorly I'm not designer but I would like to logo looks as classic mario not minecraft  |
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the_darkness
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April 22, 2014, 02:22:12 PM |
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but who knows what is lurking in the dark web? I don't.
Exactly this. The coin has been on dark web for 2 years and there have been regular transactions, so community for this coin already exists; just that we don't see them often. The main issue is what is the distribution within that community. If there are thousands of people with about the same amount of BCN who are actually using it, great, that is an ideal outcome. But if the vast majority of holdings are concentrated in a small number of hands than it would allow these individuals to completely distort the market. Think about it: even if bitcointalk members get all remaining 20% of the coins, there could easily be a small cohort of whales from the darknet that would have holdings significantly beyond that (up to 80%). Essentially any price discovery on the clearnet markets could easily be controlled by a single whale dumping a small percent of the BCN supply. With a start from scratch and a flat distribution schedule, BMR at least offers a lengthy period for people to get involved before there are any huge discrepancies in holdings. |
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gts476
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April 22, 2014, 03:17:55 PM |
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How about the new logo for BCN? Could we do that? We can organize logo-contest with a prize from the Call-To-Arms Fund ( https://bitcointalk.org/index.php?topic=563356.0) I think about something 8-bit black and orange, but more stylish than existing logo. Are there any designers in our community? I can mock something up, any other inspiration? G. |
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anonimus
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bitcoinvest.cc
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April 22, 2014, 08:00:27 PM |
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After the first rule was posted matter has gone silere
1354773409
We are waiting for the news ... |
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knightcoin
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Stand on the shoulders of giants
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April 22, 2014, 08:57:00 PM |
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Why BCN block is about 2 years old and CryptoNote white paper is dated October 17, 2013 ?
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littlehelper
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April 22, 2014, 09:36:23 PM |
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I am total noob and don't know anything about this, but maybe you all can play with this http://www.gematrix.orgThis is funny lol: 135 I am 477 President Obama 340 Image of satan 9 I 1354773409 I am President Obama Image of satan I |
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smooth
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April 22, 2014, 10:01:44 PM |
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Why BCN block is about 2 years old and CryptoNote white paper is dated October 17, 2013 ?
1. The dates in the block chain are fake 2. The paper was written after the code You decide. |
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knightcoin
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Stand on the shoulders of giants
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April 22, 2014, 10:18:59 PM |
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Why BCN block is about 2 years old and CryptoNote white paper is dated October 17, 2013 ?
1. The dates in the block chain are fake 2. The paper was written after the code You decide. Case 1: They could do genesis block msg .. ( https://en.bitcoin.it/wiki/Genesis_block ) Case 2: Not academic best practices for peer review ... anyways I'm mining and reading the code too, just very curious about it  |
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eizh
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April 22, 2014, 10:23:47 PM |
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Why BCN block is about 2 years old and CryptoNote white paper is dated October 17, 2013 ?
1. The dates in the block chain are fake 2. The paper was written after the code You decide. Case 1: They could do genesis block msg .. ( https://en.bitcoin.it/wiki/Genesis_block ) Case 2: Not academic best practices for peer review ... anyways I'm mining and reading the code too, just very curious about it CN denies that they're connected to the BCN developers but I don't believe it. At least one person from the CN team helped developed BCN if this blockchain really is 2 years old. I personally think that BCN is their prototype and research platform. |
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smooth
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April 22, 2014, 10:26:51 PM |
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That only proves later than a certain date, it can't prove earlier. They could have recorded a markle hash of their block chain into a bitcoin transaction at some point back two years ago if they wanted to prove earlier, but I doubt they did. |
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r0ach
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April 22, 2014, 10:27:32 PM |
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Any CPU only coin is useless. Just a get rich quick scheme for botnet owners controlling 50,000 computers. Either the algorithm has to be changed, or it has to go myriadcoin style somehow.
I mined BMR on day 2 and got 0. God forbid someone tries to CPU mine it a month from now. Coin is dead in the water until it's not CPU only.
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smooth
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April 22, 2014, 10:29:26 PM |
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Any CPU only coin is useless. Just a get rich quick scheme for botnet owners controlling 50,000 computers. Either the algorithm has to be changed, or it has to go myriadcoin style somehow.
I mined BMR on day 2 and got 0. God forbid someone tries to CPU mine it a month from now. Coin is dead in the water until it's not CPU only.
lol |
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