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jjj0923
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April 21, 2014, 06:30:08 PM |
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can someone tell me what 'premine' actually means?
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Philll90
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April 21, 2014, 06:37:38 PM |
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Premine：0.5％？
I'll definitely be supporting this coin by mining.
The dev is holding 0.5% of the total coins for doing nothing except the creation of the coin. |
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jjj0923
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April 21, 2014, 06:43:17 PM |
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Premine：0.5％？
I'll definitely be supporting this coin by mining.
The dev is holding 0.5% of the total coins for doing nothing except the creation of the coin. so by this guy saying he would def be mining ... is 0.5% a really low percent for the developer to hold? is that why this coin is attractive?  |
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Philll90
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April 21, 2014, 06:56:11 PM |
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It would be much better if there was no premine. Because now the dev is holding 5,000,000 YC (=2500 blocks) and it's obviously that this premine will be dumped on an exchange and not be used for further developments etc.
So it's a big disadvantage for the success of this coin.
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placebo
Legendary
 Offline
Activity: 1120
Merit: 1000
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April 21, 2014, 06:59:14 PM |
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can you make it something else than scrypt ?
(first clone of cinni, yeah... seriously)
cinni is a clone of blitz which is a clone of mintcoin, and mintcoin copied topcoin, fast halving to 0 all gargabe coin cinni thread is also selfmoderated, probably a biggest scam than the others Wow. You are a sharp person.  Why cinni's thread is self-moderated? Because he want to cover the history,and deleted lots of reply. If you want to know what cinnicoin coverd, you can see here :https://bitcointalk.org/index.php?topic=578329.0 @Kololo, prepare a mining pool for this one, i'm in  |
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jjj0923
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April 21, 2014, 07:02:32 PM |
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It would be much better if there was no premine. Because now the dev is holding 5,000,000 YC (=2500 blocks) and it's obviously that this premine will be dumped on an exchange and not be used for further developments etc.
So it's a big disadvantage for the success of this coin.
luguang said: Premine：0.5％？ I'll definitely be supporting this coin by mining. was he joking or did I miss something? |
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Charloz24
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April 21, 2014, 07:08:09 PM |
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Nice logo, is it just me or the logo look like someone peeing in a bowl?
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platorin
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April 21, 2014, 07:09:27 PM |
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Nice logo, is it just me or the logo look like someone peeing in a bowl?
+1 |
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jjj0923
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April 21, 2014, 07:11:28 PM |
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Nice logo, is it just me or the logo look like someone peeing in a bowl?
+1 yea - a rice bowl |
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@ThisWeeksCoin
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April 21, 2014, 07:20:08 PM |
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Day 8-17 (POS): Nominal Stake Interest: 10% Daily
You mean that for 9 days we'll be getting 10% of interest? oO Example. I have 1 million. I'll be getting 100k per 24 hours? |
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Timeline
Legendary
Offline
Activity: 924
Merit: 1000
TokenHouse decentralized cryptocurrency exchange
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April 21, 2014, 07:20:52 PM |
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After the first 18 days (when pow and daily pos is over) there will be about 211.7m coins. So the 0.5% premine is actually a 2.3% premine.
So I would like to hear how the premine is going to used and also I would like to hear what other plans there are for this coin.
I like the daily 10% interest on coins for few days, its unique but I would like some transparency with premine and future plans
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Philll90
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April 21, 2014, 07:24:08 PM |
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It would be much better if there was no premine. Because now the dev is holding 5,000,000 YC (=2500 blocks) and it's obviously that this premine will be dumped on an exchange and not be used for further developments etc.
So it's a big disadvantage for the success of this coin.
luguang said: Premine：0.5％？ I'll definitely be supporting this coin by mining. was he joking or did I miss something? Sounds like sarcasm. After the first 18 days (when pow and daily pos is over) there will be about 211.7m coins. So the 0.5% premine is actually a 2.3% premine.
So I would like to hear how the premine is going to used and also I would like to hear what other plans there are for this coin.
I like the daily 10% interest on coins for few days, its unique but I would like some transparency with premine and future plans
+1000 |
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jjj0923
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April 21, 2014, 07:26:44 PM |
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After the first 18 days (when pow and daily pos is over) there will be about 211.7m coins. So the 0.5% premine is actually a 2.3% premine.
So I would like to hear how the premine is going to used and also I would like to hear what other plans there are for this coin.
I like the daily 10% interest on coins for few days, its unique but I would like some transparency with premine and future plans
I might support it if the premine could not be sold for at least 6 months.... otherwise - adios zapata My mission is not to make others rich - rather to make myself rich |
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YCproject (OP)
Member
Offline
Activity: 98
Merit: 10
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April 21, 2014, 08:19:41 PM |
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After the first 18 days (when pow and daily pos is over) there will be about 211.7m coins. So the 0.5% premine is actually a 2.3% premine.
So I would like to hear how the premine is going to used and also I would like to hear what other plans there are for this coin.
I like the daily 10% interest on coins for few days, its unique but I would like some transparency with premine and future plans
I might support it if the premine could not be sold for at least 6 months.... otherwise - adios zapata My mission is not to make others rich - rather to make myself rich Hi, the premined YC will be used for Dev support, future development and marketing. |
Let's Color the MOON: YJPz5rofb2h1iayWY3rSddrW1qyU
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jjj0923
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April 21, 2014, 08:22:30 PM |
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how can you prove that - will there be a public register of all holding like black coin has so that we know the coins are not being used for dumping?
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bgmc
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April 21, 2014, 09:20:45 PM |
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blitzcoin 2.0
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SkyValeey
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April 21, 2014, 09:56:39 PM |
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Nice logo but stop it. Black and White is enough.
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jjj0923
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April 21, 2014, 09:57:41 PM |
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Nice logo but stop it. Black and White is enough.
what is rainbow coin coming? |
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littlewizard
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April 21, 2014, 10:09:15 PM |
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So , we've got another clone of a somewhat success story , mine for a few days pow then pos .... what's next multipool?
A generous 0.5% premine for the dev to make all the people wonder when will he dump...
And nothing else.
Another thing i have notice, so in 7 days all the coins being mined is: 60,000X2,000=120,000,000 coins, 120 million, only 12% of the total coins (1 billion) mentioned in OP. When the OP mention 0.5% premine, i guess it is 0.5% of 1 billion, which is 5 million coins, which is more than 4.1% of premine. It seems they are good at making tricks about numbers. Watch out. |
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littlewizard
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April 21, 2014, 10:16:48 PM |
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After the first 18 days (when pow and daily pos is over) there will be about 211.7m coins. So the 0.5% premine is actually a 2.3% premine.
So I would like to hear how the premine is going to used and also I would like to hear what other plans there are for this coin.
I like the daily 10% interest on coins for few days, its unique but I would like some transparency with premine and future plans
I might support it if the premine could not be sold for at least 6 months.... otherwise - adios zapata My mission is not to make others rich - rather to make myself rich Hi, the premined YC will be used for Dev support, future development and marketing. When WC premined of 0.7%, at least they didn't play trick in numbers, although the community are not sure where to the 2 millon coins went. It is difficult to trust such kind of response, when you make a trick in numbers. |
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