[LAUNCH CANCELLED]

[primer-]

Download source code : http://144.76.139.178/shinycoin.tgz

Someone upload to github please and create a new ANN on bitcointalk.

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[awais3344]

source is here
https://github.com/awais3344/shinycoin

p.s is windows wallet already out or we need to compile it?

[primer-]

source is here
https://github.com/awais3344/shinycoin

p.s is windows wallet already out or we need to compile it?

I will message instacash to put it up again.

[orinoco]

I've got the source code but not the github acc. Someone with a github acc put it up please. Lets not let this high school dropout ruing the coin. He has showed incompetence since the first hour of the pre-ann.

This "high school dropout" wrote the algorithm.. a reasonably innovative one too it would seem at first read of the white paper.  Perhaps you just have some other axe to grind?

Download source code : http://144.76.139.178/shinycoin.tgz

Someone upload to github please and create a new ANN on bitcointalk.

I for one respect the OP's intentions.

Sure he may not be a seasoned expert at launching a coin, and there are a few bugs which need to be ironed out, as well as a more equitable release process, but I don't think that warrants being a belligerent wanker.

The only person who seems upset about this is you?

Given the attack hypothesis, and that fact that you've said you're running 600 cores and also published the "super node", it seems likely that you're the one holding all the coins and overpowering the chain?

[stompix]

GPU- and ASCI-resistant
-----
Since a large amount of RAM on an ASIC would make it too costly , an ASIC implementation is totally out of the question.  GPUs will work, but won’t fare much better than CPUs.  A top-of-the-line GPU with 6 GB of RAM can only efficiently run three simultaneous instances - A cheaper CPU with sufficient RAM can do the same.  GPUs are slower than equivalently-priced CPUs at sequential operations, so running the same number of instances at a time, the CPUs will be more efficient.

As ShinyCoin will eventually use proof-of-stake for security, the proof-of-work phase will only be relevant for the first year or so.  In that year, the hardware available to run proof-of-work mining will likely not change too drastically.  Once the majority of blocks are proof-of-stake it will not matter much if a ‘crack’ to ramhog gives GPUs a significant cost advantage over a CPU miner.  

I wonder what "sufficient ram means there".
Also , tying to keep asics away you might have created the perfect botnet coin.

Seems like the first launch was a failure , let's see the second and ... maybe the third one.

[primer-]

I've got the source code but not the github acc. Someone with a github acc put it up please. Lets not let this high school dropout ruing the coin. He has showed incompetence since the first hour of the pre-ann.

This "high school dropout" wrote the algorithm.. a reasonably innovative one too it would seem at first read of the white paper.  Perhaps you just have some other axe to grind?

Download source code : http://144.76.139.178/shinycoin.tgz

Someone upload to github please and create a new ANN on bitcointalk.

I for one respect the OP's intentions.

Sure he may not be a seasoned expert at launching a coin, and there are a few bugs which need to be ironed out, as well as a more equitable release process, but I don't think that warrants being a belligerent wanker.

The only person who seems upset about this is you?

Given the attack hypothesis, and that fact that you've said you're running 600 cores and also published the "super node", it seems likely that you're the one holding all the coins and overpowering the chain?

I put up the super node because I myself could not connect half of my servers to the network. Took me almost two hours to get it working and accepting connections.

[primer-]

New ANN will be posted shortly on bitcointalk - 2 developers interested in providing support, keep mining people !

[orinoco]

I am glad the few people who posted about the ideas appreciated them.  Thank you to all the people that sent logo ideas and provided complete binaries.  Your work is much appreciated.  Here is ShinyCoin's new logo thanks for flubber:

Expect an exact relaunch date and time announcement in a few days when I know better what my schedule will be like.

Sunny Prince

Might I make some suggestions?

1 - Get some advice from experienced coin devs, or go check out other launch threads to see whats on offer at launch time.
2 - sort out the daemon so it adequately supports both rpc and p2p protocols - being able to support mining pools is important for fair distribution.
3 - make sure it connects and communicates the block chain fairly - it seems to hold only one connection open?  Which creates the whole supernode issue with someone controlling connections to the center of the star topology.
4 - release updated source and give time (days) for the community to get binaries built and distributed, before launching with a seed node.

Your algorithm is interesting and seems reasonably well conceived - its just the toolset/process around it which needs work.

Thanks!

[djm34]

the source is not even in the op, what fucking fail launch, unbelievable

I've got the source code but not the github acc. Someone with a github acc put it up please. Lets not let this high school dropout ruing the coin. He has showed incompetence since the first hour of the pre-ann.

lol you must really have instamined lots of coin yourself
That's exactly why I don't like those cpu only coin, big server (most diverted from their own purpous/owner )and botnet against smallish (normal) cpu...
how fair can it be, seriously ?

You are right keep alive the coin you proudly instamined   (it is the joke on the top of the other joke  )

The battle of the whale   Bad movie, won't watch it  (prefer to watch birdemic 2 )

[kondiomir]

Nice. It will be relaunched 

ETA of relaunch ??

[primer-]

I am asking one of the 2500 miners still connected to my nodes to create a new ANN as i will not be making one.
Developers interested in providing the support will contact the new thread OP. All the sources and links are available in the last 2 pages.

[platorin]

Looks intresting.

[prix]

I only care about the ideas and distributing the coin that uses them fairly.  Based on what happened it's safe to say the distribution was nowhere near fair. 
...
I consider this launch a failure.  I implore everyone to stop mining instantly as a criminal now holds more than 70% of the 100.000+ newly minted coins.  I will not support this coin, certainly nobody else will.  The coin will relaunch soon enough with all of this taken into consideration and protected against.  I will not let a small group of people illegitimately profit from my innovations.  primer-, you and your kind are the ones that ruin the altcoin community.  I apologise to the legitimate miners that joined the coin early, but I caught the ploy quickly and stopped the thievery as soon as I could.
Expect an exact relaunch date and time announcement in a few days when I know better what my schedule will be like.

Sunny Prince

It's right decision. The launch without compiled wallet is not fair. This severely limits the people who can start mining.

[billotronic]

New ANN will be posted shortly on bitcointalk - 2 developers interested in providing support, keep mining people !

lol buddy, its over. I'm sorry you through money at this but you are flogging a dead horse.

[primer-]

New ANN will be posted shortly on bitcointalk - 2 developers interested in providing support, keep mining people !

lol buddy, its over. I'm sorry you through money at this but you are flogging a dead horse.

Dont worry i have not spent a cent on this but some people have. At the moment i see over 2000 unique connections from Amazon ec2 cloud connected to my nodes.

Reputable developers i have spoken to say the 'gpu resistant' claim is nonsense, they will have a gpu miner ready for next release, just for the lolz.
Good luck with the retarded developer, maybe he instamines more coins next time - maybe... If not, third time's a charm.

EDIT: Oh, I see you've had trouble compiling the wallet last night, better switch back to winblows and leave linux mining to the experts.

[instacalm]

source is here
https://github.com/awais3344/shinycoin

p.s is windows wallet already out or we need to compile it?

I will message instacash to put it up again.

Hi, I support Sunny Prince. As stated, his project will relaunch. My wallet builds of yesterday are thus obsolete for now.

I consider this launch a failure.  (...) Expect an exact relaunch date and time announcement in a few days when I know better what my schedule will be like.

Sunny Prince

[o3u]

I am glad the few people who posted about the ideas appreciated them.  Thank you to all the people that sent logo ideas and provided complete binaries.  Your work is much appreciated.  Here is ShinyCoin's new logo thanks for flubber:



I only care about the ideas and distributing the coin that uses them fairly.  Based on what happened it's safe to say the distribution was nowhere near fair.  Within a few minutes of launch, the seed node already had 125 connections (the max cap).  This is why nobody could connect to it.  Most of the connections are from very similar a.b.?.? IPs.  The fact that the seed has so many peers, but everybody else has only one or two, makes it clear that there was an attack.  It has splintered the network and is the cause of all the stale blocks everyone has been getting.

The initial difficulty I chose was too low, and PeerCoin's dificulty adjustment algorithm did not adjust fast enough.  There should be a block every 2.5 minutes or so, not every ten seconds.  All this means one or a few people have been getting a bigger part of the initial distribution than they should be.  Plus it is true that without a windows wallet, many interested people could not mine the coin.  I don't have much time nowadays but the windows wallet is more important than I thought.  The innovations were my prime consideration, but this all goes hand in hand I suppose.

I also find it insulting to see posts about my alleged pseudo-premine, that I launched without binaries to corner the market or something.  The more people interested, the more value those coins will be, and I'll be satisfied if the coin is used.

I consider this launch a failure.  I implore everyone to stop mining instantly as a criminal now holds more than 70% of the 100.000+ newly minted coins.  I will not support this coin, certainly nobody else will.  The coin will relaunch soon enough with all of this taken into consideration and protected against.  I will not let a small group of people illegitimately profit from my innovations.  primer-, you and your kind are the ones that ruin the altcoin community.  I apologise to the legitimate miners that joined the coin early, but I caught the ploy quickly and stopped the thievery as soon as I could.

Expect an exact relaunch date and time announcement in a few days when I know better what my schedule will be like.

Sunny Prince

a relaunch is completely unfair, i'm still mining the coin and i worked hard to do it on time.

I've got a large part of the original coins because i worked through all the bugs, and tried to share on the forum before all the trolls came, no one was talking, i even invited everyone on the IRC.


I have >20% of the coin because i did it right. Now you're going to pull the plug on me because you didnt get any? or some trols didnt?

You did it right the first time, bugs are part of the game they weed out the weak. These people should not have coins, the blockchain is based on "Proof of work" not proof of whine, and that should be transcend the coin and protocol on top of it.

That is how you get fair distribution, i offered to build the windows wallet, no one took my offer.


Edit: i've also spent a lot of money on mining this correctly, are the trolls going to refund me now ?

[instacalm]

a relaunch is completely unfair

i offered to build the windows wallet, no one took my offer.

I posted the Windows and Mac wallets for free, there's no need to post an offer of "1 BTC to build the Windows wallet" -- it makes no sense as that is not a proper launch. There are several reasons sunny prince cancelled the launch and as original developer this is his and only his decision. I also think it's the right decision.

Sorry, you have no choice but to face that this original project will start from scratch, just like all the others who happened to have mined early on (including me).

[primer-]

i offered to build the windows wallet, no one took my offer.

I posted the Windows and Mac wallets for free, there's no need to post an offer of 1 BTC to build a Windows wallet -- it makes no sense as that is not a proper launch. There are several reasons sunny prince cancelled the launch and as original developer this is his and only his decision.

I'd also like to point out that one of the reasons - me running a rogue node - is bullshit - not even technologically doable. The coin is broken in the way it handles nodes, it connects to only one peer. I myself asked for help on connecting servers to more than one peer early after launch. Once i figured it out and changed the code i posted my node ip so others could connect and therefore limit the orphans as my node had better connectivity than 3-4 nodes available.

[instacalm]

I'd also like to point out that one of the reasons - me running a rogue node - is bullshit - not even technologically doable. The coin is broken in the way it handles nodes, it connects to only one peer. I myself asked for help on connecting servers to more than one peer early after launch. Once i figured it out and changed the code i posted my node ip so others could connect and therefore limit the orphans as my node had better connectivity than 3-4 nodes available.

I for one do not think that you did wrong. BUT the launch was not "fair" (which is hard to determine anyway), we are all aware of the fact that this way it would have never really been accepted by the general community; hence it will relaunch.

No offense from my side.