[PRE-ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine

[robinf]

lol https://bitcointalk.org/index.php?topic=700039.0
Who will be the faster?

That's funny!!

The amount of two COINS are nearly the same.

[ObscureBean]

Well it's very encouraging to see that bitfreak! is taking the time to address individual concerns. That's a good way for the dev to bond with the community  
While extending the mining years improves on your original idea, I still don't think it's an ideal solution. Stretching any plan that far into the future is somewhat unreasonable.
Still your solution should be adequate for the short term, say the next 5-10 years and that's good enough for me  
I'd like to say that I care about what happens to your coin in 100 years but that would be a lie cuz I'm gonna be long dead by then  
Will try to mine this.

[Yanakitu Tenatako]

BitFreak, please consider this:

Make possible to use multiple computers on a single server for solo mining. To same wallet.
Bytecoin for example, had no such option from beginning, every comp needs own wallet and there is no conf file for daemon.

Make Win binaries effective like linux ones (no difference in speed for mining)

Please report some test about speed with different CPU types (intel vs amd and so....)


Thank you.

[SteamGamesBTC.com]

If it will be CPU only coin - I'm in!

[tamdc]

When this coin launch?

[tobeaj2mer01]

@bitfreak!
Sir, I followed the original thread for a long time and finally see pre-ann comes, I have some ideas
1. I am an investor instead of miner, I am very interesting in this coin and want to get involved at the earliest stage.  
2. If there is an IPO let's say 5%, it can get more guys into this coin and spread awareness, it's good for investors, authors even miners ,everyone is happy.
3. IPO money can be used to set up development fund, so you can hire some guys to do some tasks, it's good for long-term project.

[discodancer]

I am still wondering how much of the multisig will go hand in hand with this coin. While bitcoin can still process keys > 3, it certainly is a pain. will this coin handle say 6-7 keys at a time during multisig? If yes, what about the size and fees which will go along with it?

[666try]

@bitfreak!
Sir, I followed the original thread for a long time and finally see pre-ann comes, I have some ideas
1. I am an investor instead of miner, I am very interesting in this coin and want to get involved at the earliest stage.  
2. If there is an IPO let's say 5%, it can get more guys into this coin and spread awareness, it's good for investors, authors even miners ,everyone is happy.
3. IPO money can be used to set up development fund, so you can hire some guys to do some tasks, it's good for long-term project.

I agree with you..

[bitfreak!]

We're already dedicated to a coin with no pre-mine, no ipo, or anything else like that, and we're not going back on our word now. It's very tempting to just cut ourselves a slice of the pie before anyone else gets a piece, especially considering the amount of money spent on development so far, but I don't want to do that because it damages credibility and people pay more attention to fair coins.

[Joshuar]

I agree ^

No IPO and no premine are the way to go, it puts the coin in a positive spotlight among investors.

Edit: Having an IPO only takes away credibility for a coin....same with a premine

[tobeaj2mer01]

I agree ^

No IPO and no premine are the way to go, it puts the coin in a positive spotlight among investors.

In my opinion, No IPO and no premine are just good for miners especially big miners, it's not fair to authors and investors.

[loveyouforever]

There are professional ASIC CPU miners, is M7 algo able to against them?

[bitfreak!]

In my opinion, No IPO and no premine are just good for miners especially big miners, it's not fair to authors and investors.

Well as the authors we think this is the best course of action, and investors will simply have to buy it from miners at free market prices instead of paying arbitrary prices.

[tobeaj2mer01]

In my opinion, No IPO and no premine are just good for miners especially big miners, it's not fair to authors and investors.

Well as the authors we think this is the best course of action, and investors will simply have to buy it from miners at free market prices instead of paying arbitrary prices.

Ok, you are a good man, I will rent a rig to mine this coin, but it seems there is no M7 rigs in the rental market.

[bitfreak!]

It'll take a while to get services like that, the M7 algorithm was custom made for Cryptonite.

[Yanakitu Tenatako]

In my opinion, No IPO and no premine are just good for miners especially big miners, it's not fair to authors and investors.

Well as the authors we think this is the best course of action, and investors will simply have to buy it from miners at free market prices instead of paying arbitrary prices.

I agree.

[joelpina]

This looks good.. I am watching this!

[Uran0s]

New bitcoin ? Looks freaky interesting.

[joelpina]

No such thing as new bitcoin but a nice marketing ploy

[joelpina]

Do you guys have a long term plan for this coin? If so would like to know more as it seems quite intersting already.