[ANN][MIN] Minerals - POS | Developing own anon solution |

[cryptoangel]

Guys,
I would like to confirm that Minerals is affiliated with pool.mn. Pool.mn helped with setting up the pools, implementing limits and tweaking stratum. The idea was to keep the two projects unaffiliated until after the end of the POW stage, as we were concerned about potential attacks from other pools (which actually did happen even without the knowledge of this affiliation (read the first couple of pages)). The guy from pool.mn was supposed to monitor the thread and reply to any issues with the pools, however he exposed his identity.

1. Regarding mining – I’ve been saying this from the very beginning: there is no mining outside 6 pools and accusations that pool.mn or someone else is mining on their own is easy to check by looking at the block explorer and which addresses are credited for newly found blocks (the links are in the OP).

2. The idea behind the Minerals is to show that without competition among pools it is possible achieve fairer mining that is much less vulnerable to network (ASICs) and/or DDoS attacks. Moreover, pool ops do not add much value, if any, to the coin development and I hope that future coin devs and communities will start to think about this. I think that we showed for future coin devs how to avoid premine/instamine and IPOs and yet still keep the interest in their coin by running pools and collecting standard fees. Actually, the cost of running these pools is lower because:

a) there is no need for DDoS protection as there is no competition  
b) there are no other coins on the same server which lowers the hardware requirements
c) for coins with limited POW stage the hardware is required only during the POW stage, which is often quite short nowadays

Stratum modifications will be uploaded to github so that anyone can use it in the future.

3. Pool.mn agreed to help as they share the above beliefs and I think they will offer their help as a service for future coin devs. Of course, any other pool op could offer the same service and I hope that crypto-community will move toward less fees/instamine/premine.

THANK YOU!.

@cryptoangel  Are you going to man up and edit your 'sky is falling' thread to reflect that you misunderstood the situation? That in your attempt to be the hero, you rushed to judgment and cast doubt on this coin and possibly scared away potential investors. "I caught you" Seriously?

I have no idea what post you was reading, I was just saying what I had seen. I did catch the minerals dev posting pool.mn pool information and the minerals dev has said it was true.

I Have never cast doubt on this coin moron, show me the post that cast doubt and i will edit it.



It was just interesting to catch such a big pool behind this coin. The dev has always evaded information about himself and now....

[shadow3277]

Guys,
I would like to confirm that Minerals is affiliated with pool.mn. Pool.mn helped with setting up the pools, implementing limits and tweaking stratum. The idea was to keep the two projects unaffiliated until after the end of the POW stage, as we were concerned about potential attacks from other pools (which actually did happen even without the knowledge of this affiliation (read the first couple of pages)). The guy from pool.mn was supposed to monitor the thread and reply to any issues with the pools, however he exposed his identity.

1. Regarding mining – I’ve been saying this from the very beginning: there is no mining outside 6 pools and accusations that pool.mn or someone else is mining on their own is easy to check by looking at the block explorer and which addresses are credited for newly found blocks (the links are in the OP).

2. The idea behind the Minerals is to show that without competition among pools it is possible achieve fairer mining that is much less vulnerable to network (ASICs) and/or DDoS attacks. Moreover, pool ops do not add much value, if any, to the coin development and I hope that future coin devs and communities will start to think about this. I think that we showed for future coin devs how to avoid premine/instamine and IPOs and yet still keep the interest in their coin by running pools and collecting standard fees. Actually, the cost of running these pools is lower because:

a) there is no need for DDoS protection as there is no competition  
b) there are no other coins on the same server which lowers the hardware requirements
c) for coins with limited POW stage the hardware is required only during the POW stage, which is often quite short nowadays

Stratum modifications will be uploaded to github so that anyone can use it in the future.

3. Pool.mn agreed to help as they share the above beliefs and I think they will offer their help as a service for future coin devs. Of course, any other pool op could offer the same service and I hope that crypto-community will move toward less fees/instamine/premine.

THANK YOU!.

@cryptoangel  Are you going to man up and edit your 'sky is falling' thread to reflect that you misunderstood the situation? That in your attempt to be the hero, you rushed to judgment and cast doubt on this coin and possibly scared away potential investors. "I caught you" Seriously?

I have no idea what post you was reading, I was just saying what I had seen. I did catch the minerals dev posting pool.mn pool information and the minerals dev has said it was true.

I Have never cast doubt on this coin moron, show me the post that cast doubt and i will edit it.

http://www.quickmeme.com/img/ec/ec6cc886af8859d07d086fde246990296cd493ab562f17d51526a76422c9282a.jpg

It was just interesting to catch such a big pool behind this coin. The dev has always evaded information about himself and now....

If you weren't trying to cast doubt you would have posted here, waited for the dev to respond,  and not created a seperated thread 'moron'.

Your exact quote btw: "They is lots of speculation of this been a scam and quite a few pool owners mad that the miners are limited to minerals devs pool (AKA pool.mn)

   I caught you! "

[cryptoangel]

Guys,
I would like to confirm that Minerals is affiliated with pool.mn. Pool.mn helped with setting up the pools, implementing limits and tweaking stratum. The idea was to keep the two projects unaffiliated until after the end of the POW stage, as we were concerned about potential attacks from other pools (which actually did happen even without the knowledge of this affiliation (read the first couple of pages)). The guy from pool.mn was supposed to monitor the thread and reply to any issues with the pools, however he exposed his identity.

1. Regarding mining – I’ve been saying this from the very beginning: there is no mining outside 6 pools and accusations that pool.mn or someone else is mining on their own is easy to check by looking at the block explorer and which addresses are credited for newly found blocks (the links are in the OP).

2. The idea behind the Minerals is to show that without competition among pools it is possible achieve fairer mining that is much less vulnerable to network (ASICs) and/or DDoS attacks. Moreover, pool ops do not add much value, if any, to the coin development and I hope that future coin devs and communities will start to think about this. I think that we showed for future coin devs how to avoid premine/instamine and IPOs and yet still keep the interest in their coin by running pools and collecting standard fees. Actually, the cost of running these pools is lower because:

a) there is no need for DDoS protection as there is no competition  
b) there are no other coins on the same server which lowers the hardware requirements
c) for coins with limited POW stage the hardware is required only during the POW stage, which is often quite short nowadays

Stratum modifications will be uploaded to github so that anyone can use it in the future.

3. Pool.mn agreed to help as they share the above beliefs and I think they will offer their help as a service for future coin devs. Of course, any other pool op could offer the same service and I hope that crypto-community will move toward less fees/instamine/premine.

THANK YOU!.

@cryptoangel  Are you going to man up and edit your 'sky is falling' thread to reflect that you misunderstood the situation? That in your attempt to be the hero, you rushed to judgment and cast doubt on this coin and possibly scared away potential investors. "I caught you" Seriously?

I have no idea what post you was reading, I was just saying what I had seen. I did catch the minerals dev posting pool.mn pool information and the minerals dev has said it was true.

I Have never cast doubt on this coin moron, show me the post that cast doubt and i will edit it.



It was just interesting to catch such a big pool behind this coin. The dev has always evaded information about himself and now....

If you weren't trying to cast doubt you would have posted here, waited for the dev to respond,  and not created a seperated thread 'moron'.

Your exact quote btw: "They is lots of speculation of this been a scam and quite a few pool owners mad that the miners are limited to minerals devs pool (AKA pool.mn)

   I caught you! "

Ok you are right..... Nobody has said this is a scam.... No pool owners are mad... No one is limited to devs pools..... I have not seen anything....

Happy?.

[binaryclock]

Guys,
I would like to confirm that Minerals is affiliated with pool.mn. Pool.mn helped with setting up the pools, implementing limits and tweaking stratum. The idea was to keep the two projects unaffiliated until after the end of the POW stage, as we were concerned about potential attacks from other pools (which actually did happen even without the knowledge of this affiliation (read the first couple of pages)). The guy from pool.mn was supposed to monitor the thread and reply to any issues with the pools, however he exposed his identity.

1. Regarding mining – I’ve been saying this from the very beginning: there is no mining outside 6 pools and accusations that pool.mn or someone else is mining on their own is easy to check by looking at the block explorer and which addresses are credited for newly found blocks (the links are in the OP).

2. The idea behind the Minerals is to show that without competition among pools it is possible achieve fairer mining that is much less vulnerable to network (ASICs) and/or DDoS attacks. Moreover, pool ops do not add much value, if any, to the coin development and I hope that future coin devs and communities will start to think about this. I think that we showed for future coin devs how to avoid premine/instamine and IPOs and yet still keep the interest in their coin by running pools and collecting standard fees. Actually, the cost of running these pools is lower because:

a) there is no need for DDoS protection as there is no competition  
b) there are no other coins on the same server which lowers the hardware requirements
c) for coins with limited POW stage the hardware is required only during the POW stage, which is often quite short nowadays

Stratum modifications will be uploaded to github so that anyone can use it in the future.

3. Pool.mn agreed to help as they share the above beliefs and I think they will offer their help as a service for future coin devs. Of course, any other pool op could offer the same service and I hope that crypto-community will move toward less fees/instamine/premine.

Thanks for clearing up things, so now everyone can calm down and keep mining

Thank you for clarifying
Still mining Minerals and happy I didn't quit just because of the fud and some doubts.

The coin died because the coin goes against the principal of Crypto. Crypto is open source and public.  This coin tried to "Microsoft" or "Apple" Cryptocurrency by making things private and giving too much control to the developers.  When ever something in crypto goes private, smart people will stomp it out like a dying cigarette.

The community got together and VETO'd the entire coin like I told you 60 pages ago on this thread.

Never try to privatize crypto, keep it open and free.

Exchanges were smart to leave this one rotting in the sun.

[binaryclock]

Code:

[2:14am] <psorano> <bittrex-bill> do you plan on adding minerals?
[2:15am] <bittrex-bill> psorano: as of right now, we dnt plan on it
[2:15am] <bittrex-bill> minerals is an interesting concept but it violates our principle of open source wallets
[2:15am] <bittrex-bill> they were willing to give us the source but i think the community needs to read and review the code
[2:16am] <bittrex-bill> we're willing to reconsider based on feedback from the community.
[2:16am] <psorano> *dumps bag on ccex*
[2:17am] <bittrex-bill> but imagine if someone decides to bash the mineral thread, no one will be able to independantly verify one way or the other.
[2:19am] <bittrex-bill> the other reason were not willing to launch it yet is that all of the pools are under their control. they can 51% attack us at any time
[2:19am] <bittrex-bill> i have no evidence that why would. the mineral coins have been very transparent with us up to this point. but its a definite worry

The dev already stated that Bittrex would not do anything until after POW is over.

This coin probably is a scam 

Beware , like Honorcoin

this twat is a fud poster ignore him

Bittrex Bill is very smart.  In fact, Mintpal and Poloniex say the same.  Bill is beating around the bush being political here,  where in fact, the real reason is the privatization of Cryptocurrency which Bittrex, Poloniex, Mintpal, and other smart exchanges DO NOT AGREE WITH.

Do not make crypto private, you will fail.

[Minerals]

Code:

[2:14am] <psorano> <bittrex-bill> do you plan on adding minerals?
[2:15am] <bittrex-bill> psorano: as of right now, we dnt plan on it
[2:15am] <bittrex-bill> minerals is an interesting concept but it violates our principle of open source wallets
[2:15am] <bittrex-bill> they were willing to give us the source but i think the community needs to read and review the code
[2:16am] <bittrex-bill> we're willing to reconsider based on feedback from the community.
[2:16am] <psorano> *dumps bag on ccex*
[2:17am] <bittrex-bill> but imagine if someone decides to bash the mineral thread, no one will be able to independantly verify one way or the other.
[2:19am] <bittrex-bill> the other reason were not willing to launch it yet is that all of the pools are under their control. they can 51% attack us at any time
[2:19am] <bittrex-bill> i have no evidence that why would. the mineral coins have been very transparent with us up to this point. but its a definite worry

The dev already stated that Bittrex would not do anything until after POW is over.

This coin probably is a scam  

Beware , like Honorcoin

this twat is a fud poster ignore him

Bittrex Bill is very smart.  In fact, Mintpal and Poloniex say the same.  Bill is beating around the bush being political here,  where in fact, the real reason is the privatization of Cryptocurrency which Bittrex, Poloniex, Mintpal, and other smart exchanges DO NOT AGREE WITH.

Do not make crypto private, you will fail.

I don't understand why are you personally so against this idea. I truly hope that future coins will think about implementing something similar. Pools, like yours, have too much influence and power over crypto and that can't be good. ASICs are another problem. Privacy is temporary and only during the POW stage, moreover source code was given to some people. As the POW stage approaches its end the source and wallets will be released. I think that comparison to Microsoft's secrecy is just not fair.

ps Part of Darkcoin code is private but you support it, why?

btw do you guys remember when was NXT code released? I think at the beginning of this year, something like 2 months after their IPO.

[alphateam]

just clone coin, no innovations, no new features

I feel like Minerals provide great innovation!
ASICs and multipools were raping and killing every coin. With minerals it is not possible. Wait for the bigger exchange and the price will skyrocket.
Actually, why am I telling you this? The more weak hands now - the lower price for me to buy Minerals  

No ASICs and multipools not mean this coin become valuable.
If the DEV team have no plan for the next step..It will dead after POW

have you seen the crap coins released recently(the lineup after boostcoin i mean), they become valuable without offering anything new, just useless promises

this coin isn't certainly worse than those

couldn't agree more. I have no idea why people buy all the shitcoins that are listed on bittrex every day. Obviously I am not a professional trader and I may not see the big picture here, but all that I see is 99% coins has nothing new and die in few weeks. Not the case with Minerals here

Probably, but not sure.

I think a massive dump come when pow end and when a bigger exchange list this one.
Lot of people wait to sell this one, and with one weeks of mining, big amount will dump.
Hope i'm false.

what dump you are talking about, the coin is already in a dump state, 300 lol

The dump of those who hold and waiting for a bigger exchange in hope to make better profit

[binaryclock]

Code:

[2:14am] <psorano> <bittrex-bill> do you plan on adding minerals?
[2:15am] <bittrex-bill> psorano: as of right now, we dnt plan on it
[2:15am] <bittrex-bill> minerals is an interesting concept but it violates our principle of open source wallets
[2:15am] <bittrex-bill> they were willing to give us the source but i think the community needs to read and review the code
[2:16am] <bittrex-bill> we're willing to reconsider based on feedback from the community.
[2:16am] <psorano> *dumps bag on ccex*
[2:17am] <bittrex-bill> but imagine if someone decides to bash the mineral thread, no one will be able to independantly verify one way or the other.
[2:19am] <bittrex-bill> the other reason were not willing to launch it yet is that all of the pools are under their control. they can 51% attack us at any time
[2:19am] <bittrex-bill> i have no evidence that why would. the mineral coins have been very transparent with us up to this point. but its a definite worry

The dev already stated that Bittrex would not do anything until after POW is over.

This coin probably is a scam  

Beware , like Honorcoin

this twat is a fud poster ignore him

Bittrex Bill is very smart.  In fact, Mintpal and Poloniex say the same.  Bill is beating around the bush being political here,  where in fact, the real reason is the privatization of Cryptocurrency which Bittrex, Poloniex, Mintpal, and other smart exchanges DO NOT AGREE WITH.

Do not make crypto private, you will fail.

I don't understand why are you personally so against this idea. I truly hope that future coins will think about implementing something similar. Pools, like yours, have too much influence and power over crypto and that can't be good. ASICs are another problem. Privacy is temporary and only during the POW stage, moreover source code was given to some people. As the POW stage approaches its end the source and wallets will be released. I think that comparison to Microsoft's secrecy is just not fair.

ps Part of Darkcoin code is private but you support it, why?

btw do you guys remember when was NXT code released? I think at the beginning of this year, something like 2 months after their IPO.

I am here for the goodness of Crypto.  I have been here much longer than anyone and have tried to form a society that is good to move forward.  Privatization of crypto will not been tolerated.  You may or may not know there is a society of over 150 people, pool owners, exchanges, leaders in crypto that all VETO'd your coin - it is just not me.  People will not stand for stuff like this - the scams are already too bad and developers are trying to gain more and more control.  It won't happen. 

You seem like a nice guy and for that I feel bad that it worked out like this for you.  Your idea was probably good on paper but you probably never considered the backlash from the engineering community that created these walelts and crypto in general.  Sure miners will mine anything under the sun - they have no idea of the implications.  But the people who created crypto are looking out for them.  Private sources are not accepted, under any circumstance - that is not crypto anymore.. it is paypal or whatever.  We don't want paypals.  People want to be able to control their wallets and review source codes.  We want public ledgers and pools and exchanges, not backroom bargins and developer 100% control.

[Minerals]

Code:

[2:14am] <psorano> <bittrex-bill> do you plan on adding minerals?
[2:15am] <bittrex-bill> psorano: as of right now, we dnt plan on it
[2:15am] <bittrex-bill> minerals is an interesting concept but it violates our principle of open source wallets
[2:15am] <bittrex-bill> they were willing to give us the source but i think the community needs to read and review the code
[2:16am] <bittrex-bill> we're willing to reconsider based on feedback from the community.
[2:16am] <psorano> *dumps bag on ccex*
[2:17am] <bittrex-bill> but imagine if someone decides to bash the mineral thread, no one will be able to independantly verify one way or the other.
[2:19am] <bittrex-bill> the other reason were not willing to launch it yet is that all of the pools are under their control. they can 51% attack us at any time
[2:19am] <bittrex-bill> i have no evidence that why would. the mineral coins have been very transparent with us up to this point. but its a definite worry

The dev already stated that Bittrex would not do anything until after POW is over.

This coin probably is a scam  

Beware , like Honorcoin

this twat is a fud poster ignore him

Bittrex Bill is very smart.  In fact, Mintpal and Poloniex say the same.  Bill is beating around the bush being political here,  where in fact, the real reason is the privatization of Cryptocurrency which Bittrex, Poloniex, Mintpal, and other smart exchanges DO NOT AGREE WITH.

Do not make crypto private, you will fail.

I don't understand why are you personally so against this idea. I truly hope that future coins will think about implementing something similar. Pools, like yours, have too much influence and power over crypto and that can't be good. ASICs are another problem. Privacy is temporary and only during the POW stage, moreover source code was given to some people. As the POW stage approaches its end the source and wallets will be released. I think that comparison to Microsoft's secrecy is just not fair.

ps Part of Darkcoin code is private but you support it, why?

btw do you guys remember when was NXT code released? I think at the beginning of this year, something like 2 months after their IPO.

I am here for the goodness of Crypto.  I have been here much longer than anyone and have tried to form a society that is good to move forward.  Privatization of crypto will not been tolerated.  You may or may not know there is a society of over 150 people, pool owners, exchanges, leaders in crypto that all VETO'd your coin - it is just not me.  People will not stand for stuff like this - the scams are already too bad and developers are trying to gain more and more control.  It won't happen. 

You seem like a nice guy and for that I feel bad that it worked out like this for you.  Your idea was probably good on paper but you probably never considered the backlash from the engineering community that created these walelts and crypto in general.  Sure miners will mine anything under the sun - they have no idea of the implications.  But the people who created crypto are looking out for them.  Private sources are not accepted, under any circumstance - that is not crypto anymore.. it is paypal or whatever.  We don't want paypals.  People want to be able to control their wallets and review source codes.  We want public ledgers and pools and exchanges, not backroom bargins and developer 100% control.

Privacy is temporary and as soon as the POW stage ends there will be no more privacy. Think about Minerals as being 100% POS where distribution is being achieved by mining and not some random allocation.
Btw, two darlings of crypto - NXT and DRK are/were private. If people are concerned about privacy we should really start with them where millions of dollars have been invested.

[jc12345]

The coin is just trading at the rate on par with mining it. The price will remain in limbo until POW ends and the wallets and everything is opened up. Once the code has been scrutinised and if everything checks out, it will be business as usual. If everything checks out there will at least not be a top heavy rich list of the mega miner/dumpers. (Hopefully). A big IF everything checks out and turns out to be legit and above board that is.

[Starscream]

Code:

[2:14am] <psorano> <bittrex-bill> do you plan on adding minerals?
[2:15am] <bittrex-bill> psorano: as of right now, we dnt plan on it
[2:15am] <bittrex-bill> minerals is an interesting concept but it violates our principle of open source wallets
[2:15am] <bittrex-bill> they were willing to give us the source but i think the community needs to read and review the code
[2:16am] <bittrex-bill> we're willing to reconsider based on feedback from the community.
[2:16am] <psorano> *dumps bag on ccex*
[2:17am] <bittrex-bill> but imagine if someone decides to bash the mineral thread, no one will be able to independantly verify one way or the other.
[2:19am] <bittrex-bill> the other reason were not willing to launch it yet is that all of the pools are under their control. they can 51% attack us at any time
[2:19am] <bittrex-bill> i have no evidence that why would. the mineral coins have been very transparent with us up to this point. but its a definite worry

The dev already stated that Bittrex would not do anything until after POW is over.

This coin probably is a scam  

Beware , like Honorcoin

this twat is a fud poster ignore him

Bittrex Bill is very smart.  In fact, Mintpal and Poloniex say the same.  Bill is beating around the bush being political here,  where in fact, the real reason is the privatization of Cryptocurrency which Bittrex, Poloniex, Mintpal, and other smart exchanges DO NOT AGREE WITH.

Do not make crypto private, you will fail.

I don't understand why are you personally so against this idea. I truly hope that future coins will think about implementing something similar. Pools, like yours, have too much influence and power over crypto and that can't be good. ASICs are another problem. Privacy is temporary and only during the POW stage, moreover source code was given to some people. As the POW stage approaches its end the source and wallets will be released. I think that comparison to Microsoft's secrecy is just not fair.

ps Part of Darkcoin code is private but you support it, why?

btw do you guys remember when was NXT code released? I think at the beginning of this year, something like 2 months after their IPO.

I am here for the goodness of Crypto.  I have been here much longer than anyone and have tried to form a society that is good to move forward.  Privatization of crypto will not been tolerated.  You may or may not know there is a society of over 150 people, pool owners, exchanges, leaders in crypto that all VETO'd your coin - it is just not me.  People will not stand for stuff like this - the scams are already too bad and developers are trying to gain more and more control.  It won't happen.  

You seem like a nice guy and for that I feel bad that it worked out like this for you.  Your idea was probably good on paper but you probably never considered the backlash from the engineering community that created these walelts and crypto in general.  Sure miners will mine anything under the sun - they have no idea of the implications.  But the people who created crypto are looking out for them.  Private sources are not accepted, under any circumstance - that is not crypto anymore.. it is paypal or whatever.  We don't want paypals.  People want to be able to control their wallets and review source codes.  We want public ledgers and pools and exchanges, not backroom bargins and developer 100% control.

LOL, what a bunch of bullshit.

You don't want privatization of crypto yet you talk about this secret society made out of elitists? Get real. If anything of what you're saying is true than you're obviously trying monopolize the market. Fucking sick TBH.

And please, give me a break, don't talk about the "people" like you're trying to protect them/us or some other shit. The way you act, write and express w/e resembles the lowest form of politics - egocentric thinking at its purest.

Sure miners will mine anything under the sun - they have no idea of the implications.

Are you real? and you implementing all those shit coins do know? You haven't got a fuck clue. You're just cashing them all out.

We want public ledgers and pools and exchanges, not backroom bargins

Says the guy in his so called hidden society.
And who the fuck is we.

[EmilioMann]

Code:

[2:14am] <psorano> <bittrex-bill> do you plan on adding minerals?
[2:15am] <bittrex-bill> psorano: as of right now, we dnt plan on it
[2:15am] <bittrex-bill> minerals is an interesting concept but it violates our principle of open source wallets
[2:15am] <bittrex-bill> they were willing to give us the source but i think the community needs to read and review the code
[2:16am] <bittrex-bill> we're willing to reconsider based on feedback from the community.
[2:16am] <psorano> *dumps bag on ccex*
[2:17am] <bittrex-bill> but imagine if someone decides to bash the mineral thread, no one will be able to independantly verify one way or the other.
[2:19am] <bittrex-bill> the other reason were not willing to launch it yet is that all of the pools are under their control. they can 51% attack us at any time
[2:19am] <bittrex-bill> i have no evidence that why would. the mineral coins have been very transparent with us up to this point. but its a definite worry

The dev already stated that Bittrex would not do anything until after POW is over.

This coin probably is a scam  

Beware , like Honorcoin

this twat is a fud poster ignore him

Bittrex Bill is very smart.  In fact, Mintpal and Poloniex say the same.  Bill is beating around the bush being political here,  where in fact, the real reason is the privatization of Cryptocurrency which Bittrex, Poloniex, Mintpal, and other smart exchanges DO NOT AGREE WITH.

Do not make crypto private, you will fail.

I don't understand why are you personally so against this idea. I truly hope that future coins will think about implementing something similar. Pools, like yours, have too much influence and power over crypto and that can't be good. ASICs are another problem. Privacy is temporary and only during the POW stage, moreover source code was given to some people. As the POW stage approaches its end the source and wallets will be released. I think that comparison to Microsoft's secrecy is just not fair.

ps Part of Darkcoin code is private but you support it, why?

btw do you guys remember when was NXT code released? I think at the beginning of this year, something like 2 months after their IPO.

I am here for the goodness of Crypto.  I have been here much longer than anyone and have tried to form a society that is good to move forward.  Privatization of crypto will not been tolerated.  You may or may not know there is a society of over 150 people, pool owners, exchanges, leaders in crypto that all VETO'd your coin - it is just not me.  People will not stand for stuff like this - the scams are already too bad and developers are trying to gain more and more control.  It won't happen.  

You seem like a nice guy and for that I feel bad that it worked out like this for you.  Your idea was probably good on paper but you probably never considered the backlash from the engineering community that created these walelts and crypto in general.  Sure miners will mine anything under the sun - they have no idea of the implications.  But the people who created crypto are looking out for them.  Private sources are not accepted, under any circumstance - that is not crypto anymore.. it is paypal or whatever.  We don't want paypals.  People want to be able to control their wallets and review source codes.  We want public ledgers and pools and exchanges, not backroom bargins and developer 100% control.

LOL, what a bunch of bullshit.

You don't want privatization of crypto yet you talk about this secret society made out of elitists? Get real. If anything of what you're saying is true than you're obviously trying monopolize the market. Fucking sick TBH.

And please, give me a break, don't talk about the "people" like you're trying to protect them/us or some other shit. The way you act, write and express w/e resembles the lowest form of politics - egocentric thinking at its purest.

Sure miners will mine anything under the sun - they have no idea of the implications.

Are you real? and you implementing all those shit coins do know? You haven't got a fuck clue. You're just cashing them all out.

We want public ledgers and pools and exchanges, not backroom bargins

Says the guy in his so called hidden society.
And who the fuck is we.

+1000
binaryclock is sad because dedicatedpool with yours bigfarms cannot mine minerals lol

[takyzark]

Code:

[2:14am] <psorano> <bittrex-bill> do you plan on adding minerals?
[2:15am] <bittrex-bill> psorano: as of right now, we dnt plan on it
[2:15am] <bittrex-bill> minerals is an interesting concept but it violates our principle of open source wallets
[2:15am] <bittrex-bill> they were willing to give us the source but i think the community needs to read and review the code
[2:16am] <bittrex-bill> we're willing to reconsider based on feedback from the community.
[2:16am] <psorano> *dumps bag on ccex*
[2:17am] <bittrex-bill> but imagine if someone decides to bash the mineral thread, no one will be able to independantly verify one way or the other.
[2:19am] <bittrex-bill> the other reason were not willing to launch it yet is that all of the pools are under their control. they can 51% attack us at any time
[2:19am] <bittrex-bill> i have no evidence that why would. the mineral coins have been very transparent with us up to this point. but its a definite worry

The dev already stated that Bittrex would not do anything until after POW is over.

This coin probably is a scam  

Beware , like Honorcoin

this twat is a fud poster ignore him

Bittrex Bill is very smart.  In fact, Mintpal and Poloniex say the same.  Bill is beating around the bush being political here,  where in fact, the real reason is the privatization of Cryptocurrency which Bittrex, Poloniex, Mintpal, and other smart exchanges DO NOT AGREE WITH.

Do not make crypto private, you will fail.

I don't understand why are you personally so against this idea. I truly hope that future coins will think about implementing something similar. Pools, like yours, have too much influence and power over crypto and that can't be good. ASICs are another problem. Privacy is temporary and only during the POW stage, moreover source code was given to some people. As the POW stage approaches its end the source and wallets will be released. I think that comparison to Microsoft's secrecy is just not fair.

ps Part of Darkcoin code is private but you support it, why?

btw do you guys remember when was NXT code released? I think at the beginning of this year, something like 2 months after their IPO.

I am here for the goodness of Crypto.  I have been here much longer than anyone and have tried to form a society that is good to move forward.  Privatization of crypto will not been tolerated.  You may or may not know there is a society of over 150 people, pool owners, exchanges, leaders in crypto that all VETO'd your coin - it is just not me.  People will not stand for stuff like this - the scams are already too bad and developers are trying to gain more and more control.  It won't happen. 

You seem like a nice guy and for that I feel bad that it worked out like this for you.  Your idea was probably good on paper but you probably never considered the backlash from the engineering community that created these walelts and crypto in general.  Sure miners will mine anything under the sun - they have no idea of the implications.  But the people who created crypto are looking out for them.  Private sources are not accepted, under any circumstance - that is not crypto anymore.. it is paypal or whatever.  We don't want paypals.  People want to be able to control their wallets and review source codes.  We want public ledgers and pools and exchanges, not backroom bargins and developer 100% control.

Privacy is temporary and as soon as the POW stage ends there will be no more privacy. Think about Minerals as being 100% POS where distribution is being achieved by mining and not some random allocation.
Btw, two darlings of crypto - NXT and DRK are/were private. If people are concerned about privacy we should really start with them where millions of dollars have been invested.

I agree with minerals dev. the idea of getting premine for dev from pool fee and cutting off the middleman (other pools) is a good move.
claiming to speak as the representative of merely 150 people does not necessarily means that you representing the goodness of crypto.

[Kenta]

I am here for the goodness of Crypto.  I have been here much longer than anyone and have tried to form a society that is good to move forward.  Privatization of crypto will not been tolerated.  You may or may not know there is a society of over 150 people, pool owners, exchanges, leaders in crypto that all VETO'd your coin - it is just not me.  People will not stand for stuff like this - the scams are already too bad and developers are trying to gain more and more control.  It won't happen. 

You seem like a nice guy and for that I feel bad that it worked out like this for you.  Your idea was probably good on paper but you probably never considered the backlash from the engineering community that created these walelts and crypto in general.  Sure miners will mine anything under the sun - they have no idea of the implications.  But the people who created crypto are looking out for them.  Private sources are not accepted, under any circumstance - that is not crypto anymore.. it is paypal or whatever.  We don't want paypals.  People want to be able to control their wallets and review source codes.  We want public ledgers and pools and exchanges, not backroom bargins and developer 100% control.

Privacy is temporary and as soon as the POW stage ends there will be no more privacy. Think about Minerals as being 100% POS where distribution is being achieved by mining and not some random allocation.
Btw, two darlings of crypto - NXT and DRK are/were private. If people are concerned about privacy we should really start with them where millions of dollars have been invested.

I agree with minerals dev. the idea of getting premine for dev from pool fee and cutting off the middleman (other pools) is a good move.
claiming to speak as the representative of merely 150 people does not necessarily means that you representing the goodness of crypto.

I think we safely can say he represent a small group of people that used to make a lot of money the way distribution were done in the past, but won't do it if other ways becomes the norm. He represent the goodness of their pockets, not the goodness of crypto. Just like any other mafia, he's prepared to take it very far to defend his business and it's up to us, the crypto community, to stop it before that sort of people gain too much control.

[andron]

price 0.00000331 scramble

[ASICrefugee]

I am here for the goodness of Crypto.  I have been here much longer than anyone and have tried to form a society that is good to move forward.  Privatization of crypto will not been tolerated.  You may or may not know there is a society of over 150 people, pool owners, exchanges, leaders in crypto that all VETO'd your coin - it is just not me.  People will not stand for stuff like this - the scams are already too bad and developers are trying to gain more and more control.  It won't happen. 

You seem like a nice guy and for that I feel bad that it worked out like this for you.  Your idea was probably good on paper but you probably never considered the backlash from the engineering community that created these walelts and crypto in general.  Sure miners will mine anything under the sun - they have no idea of the implications.  But the people who created crypto are looking out for them.  Private sources are not accepted, under any circumstance - that is not crypto anymore.. it is paypal or whatever.  We don't want paypals.  People want to be able to control their wallets and review source codes.  We want public ledgers and pools and exchanges, not backroom bargins and developer 100% control.

Privacy is temporary and as soon as the POW stage ends there will be no more privacy. Think about Minerals as being 100% POS where distribution is being achieved by mining and not some random allocation.
Btw, two darlings of crypto - NXT and DRK are/were private. If people are concerned about privacy we should really start with them where millions of dollars have been invested.

I agree with minerals dev. the idea of getting premine for dev from pool fee and cutting off the middleman (other pools) is a good move.
claiming to speak as the representative of merely 150 people does not necessarily means that you representing the goodness of crypto.

I think we safely can say he represent a small group of people that used to make a lot of money the way distribution were done in the past, but won't do it if other ways becomes the norm. He represent the goodness of their pockets, not the goodness of crypto. Just like any other mafia, he's prepared to take it very far to defend his business and it's up to us, the crypto community, to stop it before that sort of people gain too much control.

+1 

Vested interests always shout loudest 

[MinermanNC]

This is a very interesting debate. I for one, like the concept of limited m/h mining. Puts mining back on an even playing field for all. The downfall is no exchanges till after pow, which is ok, but hinders the immediate value of the coin, and for some miners a quick return is needed or a portion of for electric bills, financing of equipment etc. IF dedicated pool and so on would agree to the stipulations of the 50 m/h limit then give them the code. We're at block 8515 at the moment, so it will be a long haul until we reach the pos phase. So this coin probably will not see it worth until then, which does suck. Maybe it the price to pay for the concept.? I do wish Bittrex and the devs would come to a quick resolution however, I'm not sure about all that crap binaryclock was referring to and the secret society BS? he kinda spoke out of both sides of his mouth I feel. But lets face it the only ones making any money off of mining is the pool operators, the exchanges and the coin devs, and usually the miners doing all the work, get what's left over after that. I'm all for what's in the miners best interest not the pool operators. We shall see with this coin if its going to do anything for fairness for the miners..... so far yes but is being hindered with no exchanges involved,,, come on bittrex!!!
  
EDIT: If it doesn't find away on to another exchange(s) and the price keeps falling I will be forced to move on to another shit coin and try to make a quick buck,,,, so something needs to give ASAP! without exposure a coin will rot

[iru786]

This is a very interesting debate. I for one, like the concept of limited m/h mining. Puts mining back on an even playing field for all. The downfall is no exchanges till after pow, which is ok, but hinders the immediate value of the coin, and for some miners a quick return is needed or a portion of for electric bills, financing of equipment etc. IF dedicated pool and so on would agree to the stipulations of the 50 m/h limit then give them the code. We're at block 8515 at the moment, so it will be a long haul until we reach the pos phase. So this coin probably will not see it worth until then, which does suck. Maybe it the price to pay for the concept.? I do wish Bittrex and the devs would come to a quick resolution however, I'm not sure about all that crap binaryclock was referring to and the secret society BS? he kinda spoke out of both sides of his mouth I feel. But lets face it the only ones making any money off of mining is the pool operators, the exchanges and the coin devs, and usually the miners doing all the work, get what's left over after that. I'm all for what's in the miners best interest not the pool operators. We shall see with this coin if its going to do anything for fairness for the miners..... so far yes but is being hindered with no exchanges involved,,, come on bittrex!!!
  
EDIT: If it doesn't find away on to another exchange(s) and the price keeps falling I will be forced to move on to another shit coin and try to make a quick buck,,,, so something needs to give ASAP! without exposure a coin will rot

+1 i agree with you. We need to take the concept and see how the fairness of the concept can be implemented / used in other coins while making things more transparent.

[chinchs]

I like the idea of fair POW, don't know why trolls say it's not crypto, perhaps they should read more... Let see how this end next week (or how it start the PoS). Don't let us down dev!!! Just a few point for those who don't want to read all pages:

Good:
 * Fair distribution, limited to 50Mhs per account
 * Low market manipulation, as nobody should hold most of the coins
 * No premine/instamine (dev owns %100 of pools, and charges %1 for that, sound fair, they mounted the servers and if you mine in another pool you are paying as well)

Bad (or at least some concern points):
 * Dev can make a fork at any time without limitation
 * Don't have a public wallet (needed to provide fair distribution)
 * Only one exchange during PoW (as an option to keep your coins in another place, that is pointless since dev can make whatever he wants, if you trust him its the same)

[MinermanNC]

I like the idea of fair POW, don't know why trolls say it's not crypto, perhaps they should read more... Let see how this end next week (or how it start the PoS). Don't let us down dev!!! Just a few point for those who don't want to read all pages:

Good:
 * Fair distribution, limited to 50Mhs per account
 * Low market manipulation, as nobody should hold most of the coins
 * No premine/instamine (dev owns %100 of pools, and charges %1 for that, sound fair, they mounted the servers and if you mine in another pool you are paying as well)

Bad (or at least some concern points):
 * Dev can make a fork at any time without limitation
 * Don't have a public wallet (needed to provide fair distribution)
 * Only one exchange during PoW (as an option to keep your coins in another place, that is pointless since dev can make whatever he wants, if you trust him its the same)

You hit the nail on the head. I think if we can get this on bittrex the interest will stay strong for this coin. Where is richie@bittrex.com when we need him! lol