[RELEASE] Liquidcoin (Speculation based)

[caish5]

Now it's fixed
Thanks

[1713558907]

1713558907

[1713558907]

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[1713558907]

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[ehmdjii]

what are the dependencies to compile? i am getting:

Code:

root@sadfwww:~/Liquidcoin/src# make -f makefile.unix
makefile.unix:131: warning: overriding commands for target `obj/nogui/scrypt.o'
makefile.unix:128: warning: ignoring old commands for target `obj/nogui/scrypt.o'
g++ -c -pthread -Wno-invalid-offsetof -Wformat -g -DNOPCH  -DUSE_UPNP=0 -DUSE_SSL -fstack-protector-all -Wstack-protector -Wl,-z,relro -Wl,-z,now -D_FORTIFY_SOURCE=2 -O2 -MMD -o obj/nogui/crypter.o crypter.cpp
In file included from crypter.cpp:9:0:
headers.h:36:20: fatal error: db_cxx.h: No such file or directory
compilation terminated.
make: *** [obj/nogui/crypter.o] Error 1

[caish5]

Have a look at the LTC/TBX/FBX info and do that!

[drakahn]

anyone want to buy some liquidcoin?

let the bidding commence

[Schwede65]

i had a virus-alarm with downloaded "liquidcoinv2.zip" on w7-64

avast found and deleted
Win32:Rootkit-gen(Rtk)

dont know what it is, but this doesn't inspire much confidence among...

[Nicksasa]

i had a virus-alarm with downloaded "liquidcoinv2.zip" on w7-64

avast found and deleted
Win32:Rootkit-gen(Rtk)

dont know what it is, but this doesn't inspire much confidence among...

Pooler's minerd is detected by some anti viruses, https://bitcointalk.org/index.php?topic=55038.0 (compare the MD5 hashes if you want)
Same minerd is used with LTC.

[Maged]

- Fixed Diffs mean that pools are out of the game, so be it.

...until blocks start coming faster than the network's latency. Then everyone HAS to use a pool - and it needs to be the same one. Instant 100% centralization.

[Nicksasa]

- Fixed Diffs mean that pools are out of the game, so be it.

...until blocks start coming faster than the network's latency. Then everyone HAS to use a pool - and it needs to be the same one. Instant 100% centralization.

We picked a reasonable difficulty for higher hashrates. With the current 17Mhash network speed it's averaging 10-15s/block, not even close enough to cause much problems/orphans.

[LZ]

Are there any differences between liquidcoin and liquidcoinv2?

[Nicksasa]

Are there any differences between liquidcoin and liquidcoinv2?

V2 of the zip had a missing dll included and the minerd from pooler.

[eleuthria]

For fairness since I've been attacking Realcoin.  Yes, LQC is a "scam" just like every other altcoin.  The difference is LQC isn't making claims of being anything more than it is [Speculation Based], and doesn't have a premine (other than the advantage Nicksasa had of being able to start it before anybody had a chance to read the thread).

I'm fine with altcoins that are just here for people to play around with.  I'm not fine with altcoins which claim to be doing a bunch of development into usability/security without actually changing the protocol, since its a drain on development time which could be used to improve Bitcoin.

[ineededausername]

haha someone finally got around to doing Ponzicoin.  We should have one every week so that everyone can play a round

[Snapman]

For fairness since I've been attacking Realcoin.  Yes, LQC is a "scam" just like every other altcoin.  The difference is LQC isn't making claims of being anything more than it is [Speculation Based], and doesn't have a premine (other than the advantage Nicksasa had of being able to start it before anybody had a chance to read the thread).

I'm fine with altcoins that are just here for people to play around with.  I'm not fine with altcoins which claim to be doing a bunch of development into usability/security without actually changing the protocol, since its a drain on development time which could be used to improve Bitcoin.

Couldnt have said it better myself.

[DeathAndTaxes]

seems made to be solo mined, kind of anti pool (almost)

No because as network gets faster and faster the rate of orphans will only increase and your effective generation rate will decline.  The only solution is to form a pool and continue your orphaned chain until it either becomes the longest chain or falls too far behind.  The more hashing power the less you lose to orphans. 

Logically even if pools formed the most valuable pool is the largest pool and quickly one would see consolidation of hashing power to >51%.  At that point anyone using other pools or solo is simply choosing a lower return on their hashing power.  In time the single pool will have 100% hashing power.

[DeathAndTaxes]

- Fixed Diffs mean that pools are out of the game, so be it.

...until blocks start coming faster than the network's latency. Then everyone HAS to use a pool - and it needs to be the same one. Instant 100% centralization.

We picked a reasonable difficulty for higher hashrates. With the current 17Mhash network speed it's averaging 10-15s/block, not even close enough to cause much problems/orphans.

And at 34 MH is is ~5s.
And at 85 MH it is ~1s.
And at 170 MH it is ~1s.

At a hypothetical (lets pretend this has a future) 1 GH/s it is <0.2s.  (5 blocks a second with burst as high as 3x that).  At 1GH/s orphan rate would be 90%+ even w/ network propogation time of 1 sec (unrealistic).

The only one immune to that would be a massive pool with 51%+ hashing power that would simply ignore other blocks and continue its own chain thus ensure it is never orphaned. 

[markm]

I would prefer a coin with a large pre-mine (preferably all the coins) that are sold on an exchange. 

Unfortunately Open Transactions turned out to need massive and deep re-writing otherwise my exchange would be open by now, but the re-write is almost complete to soon you will be able to use secure Open Transactions client<->sevrver technology to trade in a number of "fully pre-mined" coins.

The catch however is that such coins cannot afford "miners" until their transaction volume, thus transaction fees, become large enough to "pay" miners. So initially they will be Open Transaactions based only, with only those that actually take off enough to justify the expense of usign a blockchain actually moving to an (open*) blockchain.

(* They maybe however go back to the friend to friend blockchain method they used with their early testnets, or look again at "licensed miners" concepts.)

-MarkM-

[Nicksasa]

If your having trouble finding blocks with your cpu, try to adjust the scantime to 2 or even 1. Default is a bit too low for such network speeds.

[Syke]

We picked a reasonable difficulty for higher hashrates. With the current 17Mhash network speed it's averaging 10-15s/block, not even close enough to cause much problems/orphans.

And at 34 MH is is ~5s.
And at 68 MH it is ~2s.
And at 136 MH it is ~1s.

At a hypothetical (lets pretend this has a future) 1 GH/s it is <0.2s.

And this is why this altcoin will implode. There is no future for it. Pump and dump asap.

[ripper234]

First of all, this coin is in no way aiming to replace bitcoin. It was designed for speculation only.
It is based on Tenebrix, wich means it's using the CPU friendly hashing algorithm.
Unique Features

• Fixed difficulty (0.05)
• Block reward reduces 4% every 1000 blocks, it does not increase ever. Minimum block reward is 1LQC
• Because of it's fixed difficulty, transactions will never be slow
• No pre mined coins

Liquidcoin's block reward will reach 10LQC after ~40.000 blocks.

Without further BS, http://www.mediafire.com/?ecwv6j6m9o7ckbc (Windows client + daemon + source code)
https://github.com/nicksasa/Liquidcoin
#liquidcoin on irc.freenode.net

Releasing a coin without announcing it at least a week before hand == premine.

[Sherkel]

Miner's not connecting
EDIT: Never mind, one in the client seems to work.