[ANN] [ZIB] Zibcoin: Bitcoin for everyone. Start using zibcoins now!

[klabaki]

Ƶibcoin
Bitcoin for everyone

http://zibcoin.org/

1 000 000 zibcoins = 1 bitcoin
0.000 001 bitcoins = 1 zibcoin


ƵSpecifications
No premine
Proof of Work: SHA-256²
Block time: 10 minutes
Block reward halves every 210000 blocks (about 4 years)
Initial block reward: 50 million ZBC
Total coin supply: About 21 million million ZBC (after about 130 years)
Difficulty adjusts every 2016 blocks
P2P port: 8333
RPC port: 8332
Configuration file: bitcoin.conf

How it works

• About 290000 blocks already mined.
• Every bitcoin owner can redeem their zibcoins.
• Redeem 1 million zibcoins for each bitcoin!
• Bitcoin and Zibcoin are binary compatible → smooth transition.
• Bitcoins and zibcoins are freely convertible.
• Fixed exchange rate: 1 BTC = 1 million ZBC

ƵRedemption
At any time you may choose to redeem your zibcoins:

• Take one of your Bitcoin wallets.
• Change the label of the wallet from "Bitcoin" to "Zibcoin".
• For each bitcoin you are entitled to redeem 1 million zibcoins.
• That's it! Happy Zibcoining!

At any time you may choose to convert them back to bitcoins:

• Take one of your Zibcoin wallets.
• Change the label of the wallet from "Zibcoin" to "Bitcoin".
• You need to deposit 1 million zibcoins for each bitcoin.
• That's it! Happy Bitcoining!

ƵDownloads

GitHub source
https://github.com/zibcoin/zibcoin


Windows wallet
Coming soon...^TM


Mac Wallet
Coming soon...^TM

ƵMining
Zibcoin mining works exactly like Bitcoin mining.
Just point your Bitcoin mining equipment to your Zibcoin wallet and you'll be mining zibcoins. It's easy!

ƵBlock explorers
Unfortunately, there's no Zibcoin block explorer yet. :-(
The current work-around is to use "blockchain.info" and switch units to "µBTC".
Then you just need to imagine there'd be a "ZBC" in place of "µBTC".

This place will advertise the first Zibcoin block explorer as soon as it exists.

ƵPaper wallets
Step-by-step guide
1.: Take your Bitcoin paper wallet.
2.: Move the decimal point six places to the right.
3.: Remove leading zeros (if any).
4.: Replace "BTC" with "ZBC".
5.: That's it! Happy Zibcoining!

ƵExchanges
Unfortunately, there's no direct Zibcoin-to-fiat-money exchange yet. :-(
The current work-around is to use Bitcoin-to-fiat-money exchanges and convert to/from Zibcoin using the redemption scheme as described above.

This place will advertise the first direct Zibcoin-to-fiat-money exchange as soon as it exists.

ƵFaucet
Coming soon...^TM

ƵBounties

• 30k ZBC are promised to be paid for a better icon claimed by klabaki, see above

ƵLinks & Social
Home page - http://zibcoin.org/
IRC - Channel #zibcoin on freenode
Reddit - https://reddit.com/r/Zibcoin
Twitter - https://twitter.com/zibcoin

ƵCommunity volunteers
gojomo
klabaki

[1713585300]

1713585300

[1713585300]

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[1713585300]

1713585300

[klabaki]

Reserved

[BittBurger]

Reserved

Reserved for what?

[gojomo]

Zibcoin is named for, among other things, ZIB the Soviet space dog.

Drafted at the last moment when the intended astro-dog was unavailable, ZIB survived a suborbital test flight in September 1951. Attaboy, ZIB!

http://en.wikipedia.org/wiki/Soviet_space_dogs#Bolik_and_ZIB

That means he got closer to the moon than any Shiba Inu.

We remember you, ZIB, and will spend "The World's First 100% Bitcoin-Binary-Compatible Altcoin™" in your honor.

http://webecoist.momtastic.com/wp-content/uploads/2011/04/space_dogs_2c.jpg

[Alley]

Sounds legit

[_tenletters]

Just do a 1/1,000,000 semantic stock split and be done with it.

Call them Bitcoins.

[klabaki]

Updates:

• 30k ZBC are promised to be paid for a better icon, the current icon is horrible

[gojomo]

Just do a 1/1,000,000 semantic stock split and be done with it.

Call them Bitcoins.

If I thought that could get broad consensus, and the switchover carried out without too much transition damage, I'd favor it. Obviously, the sooner, the better, because each day of writing/coding around existing units bitcoin/millibit/microbit makes the switch harder. Still, I could be convinced.

But, if as I fear it's too late for that, or too late to do it in one big switch, then 'zibcoin' offers many of the same benefits as a 1/1,000,000th 'bitcoin'. Same # of syllables, similar sound, compact unambiguous abbreviations (Z/Ƶ/ZBC). It can be used as a trial/placeholder.

And if your ultimate goal is rebasing the 'bitcoin':

I actually think if 'zibcoin' catches on, it might become easier to someday revalue the headline Bitcoin. Zibcoin adoption means there are fewer labels/lines-of-code/stories that cement the classic, giant-bitcoin (BTC=10^8 satoshi, mBTC=10^5 satoshi, µBTC=10^2 satoshi) values into permanence. If day-to-day values are commonly quoted in zibcoin, casual adoption is smoothed, and the idea is planted that the "core Bitcoin system" is separate from its units, and can support multiple units.

And then, when "Bitcoin" is mainly used to refer to the system-as-a-whole, or the unit from the 'olden days' when you could get a million zibs for a dollar, then you could incrementally say... "OK, let's just call zibcoin units 'bitcoins' again." The zibcoin/zib words would be serving as the middle-step of a safer transitional process – a bit more like how soft-forks happen in stages, only taking full-force when most miners are ready. You then wouldn't need total consensus and synchronization for a giant 'flag day' incompatibility cutover.

[klabaki]

Updates:

GitHub source
https://github.com/zibcoin/zibcoin

It's not yet finished, though...

[e1ghtSpace]

Seems great.

[Bit_Happy]

Are these the same as 100 Satoshis, or am I a bit off?

[Singlebyte]

http://www.omfgdogs.com/

[klabaki]

Are these the same as 100 Satoshis, or am I a bit off?

You are right:

100 satoshis = 1 zibcoin
0.01 zibcoins = 1 satoshi

It's just like "dollar" and "cent".

[klabaki]

Updates:

Zibcoin 0.9.0 release candidate 1 has been tagged
https://github.com/zibcoin/zibcoin/releases/tag/zib0.9.0rc1

The release is almost complete, only these few things are missing:

• translations for non-English languages
• images, icons

[gojomo]

Updates:

Zibcoin 0.9.0 release candidate 1 has been tagged
https://github.com/zibcoin/zibcoin/releases/tag/zib0.9.0rc1

The release is almost complete, only these few things are missing:

• translations for non-English languages
• images, icons

While some have alleged this to be a fork of Bitcoin, the complete binary-protocol compatibility makes 'fork' a misnomer. It's more of a warm, loving spoon.

Come a little closer Bitcoin. We love you so much, we just wish there were a million times more of you.

[BitOnyx]

Interesting idea, I wonder how it is going to work out.

[pcmerc]

Let me know when the content is complete & I'll compile the OSX wallet for you.


pcmerc~
http://kryptochaos.com

[gojomo]

Somehow this thread has wound up in the "Alternate cryptocurrencies" sub-board again.

Yet, zibcoin is an alternative to the alternatives. It's the affirmative!

Embrace Bitcoin! But quote everyday small values in zib.

[klabaki]

Updates:

• 30k ZBC are promised to be paid for a better icon claimed by klabaki, see above

Yep, I did it myself, so there's no bounty payout this time.

The next item on my to-do list is to integrate it into Zibcoin-Qt.

Somehow this thread has wound up in the "Alternate cryptocurrencies" sub-board again.

Not my fault: This was done by a moderator.

However, technically speaking, Zibcoin is not an altcoin.
So, I reserve myself the right to move this thread back to the main section again, as soon as we want to have the next attention boost.

[caiyongab]

Great idea，Innovative applications will follow you