Magicoin - "The Coin of the Magi" - story behind

[Magicoin]

Magicoin MAGIC (MAGI) - The MagiCurrency
http://www.cryptomagic.com
https://bitcointalk.org/index.php?topic=548368.0
       

The Coin of the Magi

A real coin in history, 2,100 years old!
35 BC - 5 AD Bronze drachm of Indo Scythinan King Azes II of Bactria
Some of coins may be struck on the day of Christ's Birth!

Who Are The Magi?

The Magi or Three Kings also known as the Three Wise Men are typically depicted in the Nativity scene with Joseph, Mary and newborn Jesus. The term Magi is derived from the Greek "magos" - the same root as "magic". "The Wise Men of the East" described in the Bible were guided by a prophecy and the Star of Bethlehem to find the baby Jesus. Christian tradition names them Caspar or Gaspar, Melechior and Balthazer. They are interpreted today to have been court astrologers from the east who studied said interpreted signs in the sky. The EPIPHANY commemorates their visit. Many biblical scholars believe Caspar (or Gaspar) to have been a representative sent by "The Great King" Azes II of ancient Bactria to the Holy Land to pay homage to the newborn Jesus. His travels were almost certain to have been financed by these very same drachms issued by Azes, who ruled the area which is now modern Afghanistan from 35BC to 5AD - during the time of the birth of Jesus.

Matthew 2:1-12: Visit of the Magi

Mat 2:1 Now when Jesus was born in Bethlehem of Judaea in the days of Herod the king, behold, there came wise men from the east to Jerusalem,
Mat 2:2 Saying, Where is he that is born King of the Jews? for we have seen his star in the east, and are come to worship him.
Mat 2:11 And when they were come into the house, they saw the young child with Mary his mother, and fell down, and worshipped him: and when they had opened their treasures, they presented unto him gifts; gold, and frankincense, and myrrh.
Mat 2:12 And being warned of God in a dream that they should not return to Herod, they departed into their own country another way.

The Coin of the Magi

Azes II (35BC - 5AD), King of Bactria, minted crude drachm coins inspired by ancient Greek designs originating 500 years earlier. Where still visible, the obverse legends of the coins were written in Greek, the reverse is in Indian script, making the coinage among the earliest bilingual coins. The coins were hand by striking hot, metal disks between iron dies. The method resulted in imperfect, but nicely detailed coins considering the crudeness of the method. The king on horseback is inscribed on the one side, and a standing figure of Zeus on the reverse. All of Azes coins were in circulation when Christ lived. It can be assumed that some were struck the day of Christ’s birth.

Magi is a term, used since at least the 4th century BC, for someone with the ability to read the stars, and manipulate the fate that the stars foretold. Matthew describes them as wise men from the east. It is widely accepted that King Azes II sent three kings seeking proof of the birth and to deliver gifts for the King of Kings. The coin they used to buy the gifts would have been the solid silver drachm which was minted 35 B.C. to 5 A.D. and is now known as the "Magi Coin".

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[wakhidNkcom]

another magic surprise
i still don't know it's magic or magi.. both is good name, and no problem,
magicoin is always have MAGIC time

[Willisius]

Looks pretty gimmicky/useless.

[serjent05]

Looks pretty gimmicky/useless.

elaborate?

[Git_2058]

Looks pretty gimmicky/useless.

Thank you for your very much useless comment!! This coin is far better than these people trolling around, whatever coins scamming people. At least here the Dev is showing his activity and concerning about the coin. That's all. If you dont like, stay away!!

[Willisius]

Looks pretty gimmicky/useless.

elaborate?

Apologies; I did criticize the coin without stating a rationale. This is from the website linked in the OP:

About Magicoin (MAGIC/MAGI)

Magicoin is a peer-to-peer global currency that enables instant payments to anyone in the world. Magicoin is de-centralized and operates with no central authority or banks. Magicoin uses a memory-hard, scrypt-based mining proof-of-work algorithm. Anyones in the world can issue magicoins through their computers to contribute the digital currency community.

All of these already exist as more desirable alternatives. In fact, Magicoin was forked (that is, copied from) from one of these things.

Here are the specifications from the thread linked:

SPECIFICATIONS

    Algorithm: Scrypt
    Magicoin distributes coins using the pattern similar to LTC; simply count its value by comparing with LTC, however, we do magicoins, see below for details
    2.5 minute block targets
    Subsidy halves in 840k blocks (~4 years)
    ~84 million total coins
    90% coins distributed "normally", i.e., halving every ~4 years, while 10% coins distributed magically (details explained below)
    In average, 50 coins per block
    2016 blocks to retarget difficulty (use Kimoto Gravity Well - KGW algorithm)

The above specifications sum up the coin, as they are meant to. Nothing new here. The "magic" distribution mentioned is more accurately known as random block rewards, a concept that has been done many times before.

Deductive statement:
The only thing new here is the gimmick of being called "magic."
Therefore:
This is a gimmicky, useless coin.

[serjent05]

Looks pretty gimmicky/useless.

elaborate?

Apologies; I did criticize the coin without stating a rationale. This is from the website linked in the OP:

About Magicoin (MAGIC/MAGI)

Magicoin is a peer-to-peer global currency that enables instant payments to anyone in the world. Magicoin is de-centralized and operates with no central authority or banks. Magicoin uses a memory-hard, scrypt-based mining proof-of-work algorithm. Anyones in the world can issue magicoins through their computers to contribute the digital currency community.

All of these already exist as more desirable alternatives. In fact, Magicoin was forked (that is, copied from) from one of these things.

Here are the specifications from the thread linked:

SPECIFICATIONS

    Algorithm: Scrypt
    Magicoin distributes coins using the pattern similar to LTC; simply count its value by comparing with LTC, however, we do magicoins, see below for details
    2.5 minute block targets
    Subsidy halves in 840k blocks (~4 years)
    ~84 million total coins
    90% coins distributed "normally", i.e., halving every ~4 years, while 10% coins distributed magically (details explained below)
    In average, 50 coins per block
    2016 blocks to retarget difficulty (use Kimoto Gravity Well - KGW algorithm)

The above specifications sum up the coin, as they are meant to. Nothing new here. The "magic" distribution mentioned is more accurately known as random block rewards, a concept that has been done many times before.

Deductive statement:
The only thing new here is the gimmick of being called "magic."
Therefore:
This is a gimmicky, useless coin.

by stating that you simply means all other cryptocoin is just a gimmick/ useless..  since almost all of them are just fork or clone.. and lots just copied the other coins w/o modifying anything and infact it's not new.. .. rather than saying anything useless... u should have noticed some innovation on the coin, the double block which appear  2 days every 2 week..... and the dedication of the dev to develop and implement new stuff to  the coin.. oh well sad to see ppl just bursting something w/o any form of  indepth research about the coin...

[Git_2058]

Looks pretty gimmicky/useless.

elaborate?

Apologies; I did criticize the coin without stating a rationale. This is from the website linked in the OP:

About Magicoin (MAGIC/MAGI)

Magicoin is a peer-to-peer global currency that enables instant payments to anyone in the world. Magicoin is de-centralized and operates with no central authority or banks. Magicoin uses a memory-hard, scrypt-based mining proof-of-work algorithm. Anyones in the world can issue magicoins through their computers to contribute the digital currency community.

All of these already exist as more desirable alternatives. In fact, Magicoin was forked (that is, copied from) from one of these things.

Here are the specifications from the thread linked:

SPECIFICATIONS

    Algorithm: Scrypt
    Magicoin distributes coins using the pattern similar to LTC; simply count its value by comparing with LTC, however, we do magicoins, see below for details
    2.5 minute block targets
    Subsidy halves in 840k blocks (~4 years)
    ~84 million total coins
    90% coins distributed "normally", i.e., halving every ~4 years, while 10% coins distributed magically (details explained below)
    In average, 50 coins per block
    2016 blocks to retarget difficulty (use Kimoto Gravity Well - KGW algorithm)

The above specifications sum up the coin, as they are meant to. Nothing new here. The "magic" distribution mentioned is more accurately known as random block rewards, a concept that has been done many times before.

Deductive statement:
The only thing new here is the gimmick of being called "magic."
Therefore:
This is a gimmicky, useless coin.

by stating that you simply means all other cryptocoin is just a gimmick/ useless..  since almost all of them are just fork or clone.. and lots just copied the other coins w/o modifying anything and infact it's not new.. .. rather than saying anything useless... u should have noticed some innovation on the coin, the double block which appear  2 days every 2 week..... and the dedication of the dev to develop and implement new stuff to  the coin.. oh well sad to see ppl just bursting something w/o any form of  indepth research about the coin...

+1

[Git_2058]

Looks pretty gimmicky/useless.

elaborate?

Apologies; I did criticize the coin without stating a rationale. This is from the website linked in the OP:

About Magicoin (MAGIC/MAGI)

Magicoin is a peer-to-peer global currency that enables instant payments to anyone in the world. Magicoin is de-centralized and operates with no central authority or banks. Magicoin uses a memory-hard, scrypt-based mining proof-of-work algorithm. Anyones in the world can issue magicoins through their computers to contribute the digital currency community.

All of these already exist as more desirable alternatives. In fact, Magicoin was forked (that is, copied from) from one of these things.

Here are the specifications from the thread linked:

SPECIFICATIONS

    Algorithm: Scrypt
    Magicoin distributes coins using the pattern similar to LTC; simply count its value by comparing with LTC, however, we do magicoins, see below for details
    2.5 minute block targets
    Subsidy halves in 840k blocks (~4 years)
    ~84 million total coins
    90% coins distributed "normally", i.e., halving every ~4 years, while 10% coins distributed magically (details explained below)
    In average, 50 coins per block
    2016 blocks to retarget difficulty (use Kimoto Gravity Well - KGW algorithm)

The above specifications sum up the coin, as they are meant to. Nothing new here. The "magic" distribution mentioned is more accurately known as random block rewards, a concept that has been done many times before.

Deductive statement:
The only thing new here is the gimmick of being called "magic."
Therefore:
This is a gimmicky, useless coin.

You're in the wrong thread, even you should not be in altcoin world. Bitcoin is right for you. I can argue your conclusion many reasons, but please take a look Noblecoin, unless you conclude NOBL is a gimmicky, useless coin too. I bet you dare not post this statement in their thread.

[Magicoin]

Looks pretty gimmicky/useless.

elaborate?

Apologies; I did criticize the coin without stating a rationale. This is from the website linked in the OP:

About Magicoin (MAGIC/MAGI)

Magicoin is a peer-to-peer global currency that enables instant payments to anyone in the world. Magicoin is de-centralized and operates with no central authority or banks. Magicoin uses a memory-hard, scrypt-based mining proof-of-work algorithm. Anyones in the world can issue magicoins through their computers to contribute the digital currency community.

All of these already exist as more desirable alternatives. In fact, Magicoin was forked (that is, copied from) from one of these things.

Here are the specifications from the thread linked:

SPECIFICATIONS

    Algorithm: Scrypt
    Magicoin distributes coins using the pattern similar to LTC; simply count its value by comparing with LTC, however, we do magicoins, see below for details
    2.5 minute block targets
    Subsidy halves in 840k blocks (~4 years)
    ~84 million total coins
    90% coins distributed "normally", i.e., halving every ~4 years, while 10% coins distributed magically (details explained below)
    In average, 50 coins per block
    2016 blocks to retarget difficulty (use Kimoto Gravity Well - KGW algorithm)

The above specifications sum up the coin, as they are meant to. Nothing new here. The "magic" distribution mentioned is more accurately known as random block rewards, a concept that has been done many times before.

Deductive statement:
The only thing new here is the gimmick of being called "magic."
Therefore:
This is a gimmicky, useless coin.

I understand what you are saying here. I have something in mind as for bringing new things into our coin. I've been on this for some time with all my efforts into the coin, I do hope what we do is not just a repeat of prior efforts, and hope you can come back one day and find this coin interesting.