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Author Topic: [ANN][0.9.0][NGC] NigeriaCoin - Skein - Coin Distribution Symmetry - Mar 26  (Read 33392 times)
turint
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April 30, 2014, 07:38:50 AM
 #281

Now I have NGC... So, please explain how I go about showing Proof of Burn? And, it would be good to hear what is the point, why should I bother? I like your idea, the innovative approach and would like to support NGC, but I am quite new to this so please take a moment to be explanatory.

As far as I understand it, the proof of burn (destroying some of the pre-mined coins) negates a bit the bad effects of the premine. The dev said the premine was 47% which is a lot, so destroying even some of these coins as time passes is better than leaving them.

OTOH having a large pre-mine and then leaving the coin may lead us to think that there was a dump -- I didn't bother to check and investigate this in the coin chain and I hope the dev is still around and will be supporting the coin.

But I'm just a user, not the dev, so maybe the dev should address these questions about proof of burn.

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turint
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April 30, 2014, 08:52:15 AM
 #282

What I wonder is how much of the pre-mine will be burned.

The dev said he is putting an automated script to do the burning, but looking here -- http://explorer.nigeriacoin.org/address/NigeriaDestroyCurrencyHAhaHAmoSNy2 -- I see the process ends on April 8th and the total burned coins is around 3 billions NGC. And the pre-mine is around 44 billions (almost half of the 88 billions total mineable coins).

So will the other premined coins be burned in batches one after the other in the future? And when, how long will it take, what is the algorythum of this burn?

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May 12, 2014, 12:15:48 PM
 #283

What I wonder is how much of the pre-mine will be burned.

The dev said he is putting an automated script to do the burning, but looking here -- http://explorer.nigeriacoin.org/address/NigeriaDestroyCurrencyHAhaHAmoSNy2 -- I see the process ends on April 8th and the total burned coins is around 3 billions NGC. And the pre-mine is around 44 billions (almost half of the 88 billions total mineable coins).

So will the other premined coins be burned in batches one after the other in the future? And when, how long will it take, what is the algorythum of this burn?

Are you still wondering ?
There will no burning and no moon for this coin.


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nigeriacoin (OP)
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May 12, 2014, 06:03:49 PM
 #284

What I wonder is how much of the pre-mine will be burned.

The dev said he is putting an automated script to do the burning, but looking here -- http://explorer.nigeriacoin.org/address/NigeriaDestroyCurrencyHAhaHAmoSNy2 -- I see the process ends on April 8th and the total burned coins is around 3 billions NGC. And the pre-mine is around 44 billions (almost half of the 88 billions total mineable coins).

Looks like the daemon on the block explorer is offline, but here are the transaction hashes for all burns since the date you mentioned:
Code: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You can look at them by opening the debug console and running
Code:
getrawtransaction TXHASH_HERE 1

Note the 1 on the end or you'll just get the raw hex representation

If anyone wants to set up a block explorer you need to first install our skein python module from https://github.com/nigeriacoin/p2pool/tree/master/skeinhash and then add the below entries to your Abe/Chain.py

replace the create function defininition at the beginning of the file with this
Code:
def create(policy, **kwargs):
    # XXX It's about time to interpret policy as a module name.
    if policy in [None, "Bitcoin"]: return Bitcoin(**kwargs)
    if policy == "Testnet":         return Testnet(**kwargs)
    if policy == "Namecoin":        return Namecoin(**kwargs)
    if policy == "LegacyNoBit8":    return Sha256Chain(**kwargs)
    if policy == "NovaCoin":        return NovaCoin(**kwargs)
    if policy == "CryptoCash":      return CryptoCash(**kwargs)
    if policy == "Hirocoin":        return Hirocoin(**kwargs)
    if policy == "X11":             return X11Chain(**kwargs)
    if policy == "Bitleu":          return Bitleu(**kwargs)
    if policy == "Keccak":          return KeccakChain(**kwargs)
    if policy == "Maxcoin":         return Maxcoin(**kwargs)
    if policy == "NigeriaCoin":     return NigeriaCoin(**kwargs)
    return Sha256NmcAuxPowChain(**kwargs)

Then add
Code:
class SkeinChain(Chain):
   def block_header_hash(chain, header):
       import skeinhash
       return skeinhash.getPoWHash(header)

class NigeriaCoin(SkeinChain):
    def __init__(chain, **kwargs):
        chain.name = 'NigeriaCoin'                       
        chain.code3 = 'NGC'
        chain.address_version = '\x35'
        chain.magic = '\x2f\x23\x2c\x25'
        Chain.__init__(chain, **kwargs)

    datadir_conf_file_name = "nigeriacoin.conf"
    datadir_rpcport = 3556

And add "policy": "NigeriaCoin" to your datastore entry in your config file (to make sure abe uses the right chain policy), e.g.
Code:
datadir = [{
    "dirname": "/home/ubuntu/.nigeriacoin",
    "chain": "NigeriaCoin",
    "policy": "NigeriaCoin",
    "code3": "NGC",
    "address_version": "\u0035"}]
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May 13, 2014, 02:42:29 AM
 #285

After the Kidnappings I don't think anyone wants to hear the word Nigeria.... Sad
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May 13, 2014, 02:46:03 AM
 #286

A other coin  of national   Grin Grin Grin
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May 14, 2014, 07:58:16 PM
 #287

After the Kidnappings I don't think anyone wants to hear the word Nigeria.... Sad

I don't think anybody want's to hear about Nigeria with the amount of scams labelled with this name.


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New Age of DEFI
A Non-Code Platform for
Decentralized Trading Instruments

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niothor
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May 14, 2014, 08:00:07 PM
 #288

When Craptsy and mintpal will add this coin?

Hopefully never Wink


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New Age of DEFI
A Non-Code Platform for
Decentralized Trading Instruments

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nigeriacoin (OP)
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May 14, 2014, 08:19:05 PM
 #289

When Craptsy and mintpal will add this coin?

You can help by voting on mintpal https://www.mintpal.com/voting#NGC
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May 14, 2014, 09:05:03 PM
 #290

NigeriaCoin was added to CryptoTop!!!
BTC: 13MVMftimCmpQEsryo47pTs97ubmwkT31Y
LTC: Lh9ChfS1X3YWXmapr66nQjj3qZmys3qkNw
DOGE: DJMxzVrURhmsWFZHCjK5kDVHEqP5FcfGvy
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May 21, 2014, 08:02:12 PM
 #291

Damn this is hot like fire!

BTC: 1KTg6RkiHjovXqVfVB1a74NPPXLnoL1HNf
turint
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July 02, 2014, 05:09:30 PM
 #292

There is a vote on Comkort for adding new coins and nigeriacoin is in th etop part os the list, with 1000 votes -- https://comkort.com/vote/#NGC

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July 25, 2014, 08:12:54 AM
 #293

no block source?

 Huh

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beitris.dwlul
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October 07, 2014, 06:12:08 AM
 #294

I don't really see any reason why i should wanna mine this coin, sorry :S

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October 07, 2014, 06:17:36 AM
 #295

This uses the same hashing algorithm, so it is also mined with CPUs and GPUs...

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December 04, 2014, 02:45:34 PM
 #296

Is this coin still alive?  I am hoping to introduce a skein alliance and would like nigeriacoin to be part of it.  Contact me if you are interested! 

"Give me control over a coin's checkpoints and I care not who mines its blocks."
http://vtscc.org  http://woodcoin.info
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December 19, 2014, 12:25:53 PM
 #297

Everybody that has some NGC can help bring the coin to an exchange by voting on Comkort -- https://comkort.com/vote (1 vote per day)
After the coin was removed from C-Cex, there is no trading place and it's obvious some of you guys here have lots of NGC and also mining is very easy now, so it will be nice if we can all together bring this coin back to life. Nevermind the name and the lack of activity recently, it still is a nice coin with skein.

https://comkort.com/vote for NGC

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May 25, 2015, 04:52:13 PM
 #298

Any working nodes? Please post IPs, tnx!

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October 15, 2015, 05:27:01 AM
 #299

this really seeing this for the first time. anyways Nigerian need to be sensitise on this use of the coin, showing them how this can improve its economy.
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October 20, 2015, 06:16:20 PM
 #300

this really seeing this for the first time. anyways Nigerian need to be sensitise on this use of the coin, showing them how this can improve its economy.

lol, serious?  Any coin named after or for a nation or physical place is.. well..  I was going to say "doomed" but the truth is that it is misnamed.  Anybody can use "aurora", or "nigeria coin", or "Mazacoin", from any place or with or without any nazi (fascist) "identity" papers.  That being said, YES, public coins will help all economies that learn to use them. 

"Give me control over a coin's checkpoints and I care not who mines its blocks."
http://vtscc.org  http://woodcoin.info
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