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PhattyBanks
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September 11, 2014, 08:12:39 PM |
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block explorer?
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PhattyBanks
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September 11, 2014, 08:16:22 PM |
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only like 15k coins on the sells ccex must've fucked up again
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Celani10
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September 11, 2014, 08:24:20 PM
Last edit: September 11, 2014, 08:35:58 PM by Celani10 |
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Are you guys dumb or what?
Can't you do math?
60 sec blocks with 80 coins per block on the first 5 days.
60 seconds blocks = 60 blocks per hour x 24hours = 1440 blocks per day.
1440 blocks/day x 80 coins/block = 115.200 coins per day.
Block halves to 40 coins reward on day 4 .... so supply is around 500k.
Do the fucking math
This is very similiar to RAZOR where first week more than half of the supply was mined and after that came the block halves every 10k blocks
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chesthing
Legendary
 Offline
Activity: 1414
Merit: 1000
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September 11, 2014, 08:28:32 PM |
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Are you guys dump or what?
Can't you do math?
60 sec blocks with 80 coins per block on the first 5 days.
60 seconds blocks = 60 blocks per hour x 24hours = 1440 blocks per day.
1440 blocks/day x 80 coins/block = 115.200 coins per day.
Block halves to 40 coins reward on day 4 .... so supply is around 500k.
Do the fucking math
This is very similiar to RAZOR where first week more than half of the supply was mined and after that came the block halves every 10k blocks
This is not explained on the front page. This featureless coin is so overpriced atm it's ridiculous. |
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lightspeedLS (OP)
Newbie
Offline
Activity: 14
Merit: 0
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September 11, 2014, 08:30:33 PM |
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How is it possible for there to be 567k existing coins after a week of mining with no premine, 900k total coins and a 1 year pow period? Check the supply amount now at 572k https://c-cex.com/?p=lsd-btcWe have a short reduction period in coin reward (as detailed in the announcement post thread). As time passes we transition to higher stake rewards as the PoW reward tends towards zero, finally reaching zero after a year when the coin will be fully PoS. As PoW shrinks, PoS will begin to get larger. |
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lozerr
Member
Offline
Activity: 80
Merit: 10
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September 11, 2014, 08:47:50 PM |
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C-cex lots of people in the discussion that this is a scam, I don't know why other people will say so?
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mpalenciac
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September 11, 2014, 08:49:28 PM |
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Are you guys dump or what?
Can't you do math?
60 sec blocks with 80 coins per block on the first 5 days.
60 seconds blocks = 60 blocks per hour x 24hours = 1440 blocks per day.
1440 blocks/day x 80 coins/block = 115.200 coins per day.
Block halves to 40 coins reward on day 4 .... so supply is around 500k.
Do the fucking math
This is very similiar to RAZOR where first week more than half of the supply was mined and after that came the block halves every 10k blocks
This is not explained on the front page. This featureless coin is so overpriced atm it's ridiculous. Hi there FUDSTER! how come you didn't show up before LSD hit the markets huh? You do this on every other coin thread, I just checked your history kid, and it's the same crap all over the place. |
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cryptoholic11
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September 11, 2014, 09:15:18 PM |
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dev whats the plan here? What does this coin offer? What will it offer? All I see is a blank OP..tough to invest in a mystery coin.
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delltop
Member
Offline
Activity: 144
Merit: 10
Global Risk Exchange - gref.io
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September 11, 2014, 10:56:20 PM |
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LSD Is Good Coin  |
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ndan13
Member
Offline
Activity: 111
Merit: 10
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September 11, 2014, 11:27:31 PM |
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I mined this coin starting before the first block halving. I was attracted to it because the OP looks interesting, it has an awesome ticker symbol (yes, I do think that counts!), and I reviewed the code and saw:
a) no pre-mine
b) not a total copy/paste job - no leftover references to other coin names
c) solid PoS plan
d) obscure algorithm that fascinates me
e) utterly fair launch - anyone who was paying attention to this thread had the chance to get in and mine from the start
I also like the PoW reward schedule. It rewards early miners, but with PoS increasing as PoW rewards decrease, it sets the stage for a promising development road ahead and gives latecomers a chance to earn coins despite having missed the bulk of the PoW reward period.
Beyond that, dev didn't push for exchanges (no indication he's doing this to dump and run), didn't hype a bunch of pointless stuff that no one cares about (didn't hype at all, actually), has been honest and transparent in private messages and in this thread, and is still here working on the coin and interacting with this thread.
Someone mentioned earlier that there aren't many coins on the exchanges. That's actually a good sign, it implies people are staking their coins, and those early adopters (miners) have reason to believe this isn't a coin to just dump as soon as there's a little bit of buy support.
One last thing which I talked about previously in this thread - another reason I jumped on this one is because it was quiet enough that I could actually contribute something, so I set up dedicated nodes and a pool and provided assistance to some of you with getting your wallet synced and miners up and running. This has been a fun experience, and I look forward to seeing where LSD goes in the coming weeks and months.
+ soo you are one of the dev team.....why should we trust you? |
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lightspeedLS (OP)
Newbie
Offline
Activity: 14
Merit: 0
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September 11, 2014, 11:59:59 PM |
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I mined this coin starting before the first block halving. I was attracted to it because the OP looks interesting, it has an awesome ticker symbol (yes, I do think that counts!), and I reviewed the code and saw:
a) no pre-mine
b) not a total copy/paste job - no leftover references to other coin names
c) solid PoS plan
d) obscure algorithm that fascinates me
e) utterly fair launch - anyone who was paying attention to this thread had the chance to get in and mine from the start
I also like the PoW reward schedule. It rewards early miners, but with PoS increasing as PoW rewards decrease, it sets the stage for a promising development road ahead and gives latecomers a chance to earn coins despite having missed the bulk of the PoW reward period.
Beyond that, dev didn't push for exchanges (no indication he's doing this to dump and run), didn't hype a bunch of pointless stuff that no one cares about (didn't hype at all, actually), has been honest and transparent in private messages and in this thread, and is still here working on the coin and interacting with this thread.
Someone mentioned earlier that there aren't many coins on the exchanges. That's actually a good sign, it implies people are staking their coins, and those early adopters (miners) have reason to believe this isn't a coin to just dump as soon as there's a little bit of buy support.
One last thing which I talked about previously in this thread - another reason I jumped on this one is because it was quiet enough that I could actually contribute something, so I set up dedicated nodes and a pool and provided assistance to some of you with getting your wallet synced and miners up and running. This has been a fun experience, and I look forward to seeing where LSD goes in the coming weeks and months.
+ soo you are one of the dev team.....why should we trust you? Grimly joined the development team to help with infrastructure. LS launched the coin alone, and now there are four of us. LS will be submitting proof of dev this week. |
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fartbags
Legendary
Offline
Activity: 1190
Merit: 1004
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September 12, 2014, 12:37:22 AM |
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500,000 coin premine? 60% premine?
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fartbags
Legendary
Offline
Activity: 1190
Merit: 1004
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September 12, 2014, 12:39:39 AM |
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Sup: 584185, Block: 11008
Total supply: 900,000
Max height: 525600
Was this an IPO type deal?
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fartbags
Legendary
Offline
Activity: 1190
Merit: 1004
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September 12, 2014, 12:43:58 AM |
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NVM. It is more like a 4 day POW coin.
Why is anyone still mining this? Difficulty is like 500 right now.
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lightspeedLS (OP)
Newbie
Offline
Activity: 14
Merit: 0
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September 12, 2014, 02:40:07 AM |
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September development map #1.Here is the rough skeleton outline of the upcoming releases. We're implementing what we believe are fundamental upgrades to make the wallet more user-friendly (particularly to the less computer-savvy) before revealing the details of Sept/Oct's developments, and our unique contributions. Any questions please send. Looking for designers and additional C++ programmers to work with LS (core dev) for larger project, please send a PM. Any devs wanting to join our team must be willing to provide Proof Of Dev, which we will be filing shortly. Thanks for mining Lightspeed.
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Boko
Newbie
Offline
Activity: 29
Merit: 0
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September 12, 2014, 04:18:10 AM |
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GREAT COIN! Doing GREAT in C-CEX. Now BITTREX next
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bonosurgut
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September 12, 2014, 04:37:21 AM |
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how many total POW blocks ?
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Depredation
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September 12, 2014, 06:46:59 AM |
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This coin is traveling at lightspeed to the sun.
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brookefinancial
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September 12, 2014, 07:41:09 AM |
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We got a pretty cool trading debut for $LSD Lightspeed on Bittrex. Looks like the price will settle around 35-40K  |
3D Printing and Bitcoin, that's pretty cool.
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