jasemoney
Legendary
Offline
Activity: 1610
Merit: 1008
Forget-about-it
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November 05, 2014, 08:53:13 PM |
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its 10 minute blocks target time not 60 sec.. its been 3.5 hrs and theres ~180 blocks only. Half in first 30 min. Retargeting is trying to play catchup to the hash coming online.
It will take a long time to catch up with that 2.5% premine/210,010 coins its ok we lived through this stuff before right? you want to be able to mine or pay for ICO, dev's gotta make money some how.
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$MAID & $BTC other than that some short hodls and some long held garbage.
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ItsNotMe
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November 05, 2014, 08:55:04 PM |
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its 10 minute blocks target time not 60 sec.. its been 3.5 hrs and theres ~180 blocks only. Half in first 30 min. Retargeting is trying to play catchup to the hash coming online.
It will take a long time to catch up with that 2.5% premine/210,010 coins its ok we lived through this stuff before right? you want to be able to mine or pay for ICO, dev's gotta make money some how. Damn...the devs coins will be the ONLY coins on the market for months. Glad to see people are starting to sniff this one out before people get burned...again.
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jasemoney
Legendary
Offline
Activity: 1610
Merit: 1008
Forget-about-it
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November 05, 2014, 08:58:08 PM |
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its 10 minute blocks target time not 60 sec.. its been 3.5 hrs and theres ~180 blocks only. Half in first 30 min. Retargeting is trying to play catchup to the hash coming online.
It will take a long time to catch up with that 2.5% premine/210,010 coins its ok we lived through this stuff before right? you want to be able to mine or pay for ICO, dev's gotta make money some how. Damn...the devs coins will be the ONLY coins on the market for months. Glad to see people are starting to sniff this one out before people get burned...again. depends when he sells
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$MAID & $BTC other than that some short hodls and some long held garbage.
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ItsNotMe
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November 05, 2014, 09:02:47 PM |
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its 10 minute blocks target time not 60 sec.. its been 3.5 hrs and theres ~180 blocks only. Half in first 30 min. Retargeting is trying to play catchup to the hash coming online.
It will take a long time to catch up with that 2.5% premine/210,010 coins its ok we lived through this stuff before right? you want to be able to mine or pay for ICO, dev's gotta make money some how. Damn...the devs coins will be the ONLY coins on the market for months. Glad to see people are starting to sniff this one out before people get burned...again. depends when he sells 6 months from now he will still have a 50% pre-mine...this scam is so overt its crazy.
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BanditryAndLoot
Member
Offline
Activity: 70
Merit: 10
Activity: 350
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November 05, 2014, 09:03:24 PM |
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its 10 minute blocks target time not 60 sec.. its been 3.5 hrs and theres ~180 blocks only. Half in first 30 min. Retargeting is trying to play catchup to the hash coming online.
It will take a long time to catch up with that 2.5% premine/210,010 coins its ok we lived through this stuff before right? you want to be able to mine or pay for ICO, dev's gotta make money some how. Damn...the devs coins will be the ONLY coins on the market for months. Glad to see people are starting to sniff this one out before people get burned...again. Soo..4-5 month 2% IPO? Do you think it really matters? I see that you have obvious discomfort with it and I'm sorry, but the reality is that even if all the premine coins get sold, the worst that can happen economically is that the price is cheap for months if nobody's on board with the idea. You're still dealing with a potentially working implementation of ZeroCoin. They could have IPO'd the entire 100%, but they didn't. They could have IPO'd the eintre 2.5%, but they've set aside .5% of that for free giveaways. The developer did all the work, did you expect to get rich? There's far more to worry about than the price, if this is a working ZeroCoin implementation.
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And it's only at the end of fall, that we discover it was naught but the wind that knew when one particular leaf was to fall from one particular tree, only to land in one distinct spot .. to be left for an eternity, and waste its time in a wait sublime. C0A2A1C4
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Asura
Newbie
Offline
Activity: 32
Merit: 0
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November 05, 2014, 09:06:07 PM |
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its 10 minute blocks target time not 60 sec.. its been 3.5 hrs and theres ~180 blocks only. Half in first 30 min. Retargeting is trying to play catchup to the hash coming online.
It will take a long time to catch up with that 2.5% premine/210,010 coins its ok we lived through this stuff before right? you want to be able to mine or pay for ICO, dev's gotta make money some how. Damn...the devs coins will be the ONLY coins on the market for months. Glad to see people are starting to sniff this one out before people get burned...again. Soo..4-5 month 2% IPO? Do you think it really matters? I see that you have obvious discomfort with it and I'm sorry, but the reality is that even if all the premine coins get sold, the worst that can happen economically is that the price is cheap for months if nobody's on board with the idea. You're still dealing with a potentially working implementation of ZeroCoin. They could have IPO'd the entire 100%, but they didn't. They could have IPO'd the eintre 2.5%, but they've set aside .5% of that for free giveaways. The developer did all the work, did you expect to get rich? There's far more to worry about than the price, if this is a working ZeroCoin implementation. Zerocoin in itself isn't hard to implement. Fixing the flaws with it is. Right now there is a coin with no source, claiming to have a working ZeroCoin implementation, without any notification of whether or not the major issues behind it have been corrected or not. On top of this, the massive premine, with no external sources to confirm if it's legit or not? It's pretty obvious this is a scam for a few easy BTC.
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ItsNotMe
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November 05, 2014, 09:07:00 PM |
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its 10 minute blocks target time not 60 sec.. its been 3.5 hrs and theres ~180 blocks only. Half in first 30 min. Retargeting is trying to play catchup to the hash coming online.
It will take a long time to catch up with that 2.5% premine/210,010 coins its ok we lived through this stuff before right? you want to be able to mine or pay for ICO, dev's gotta make money some how. Damn...the devs coins will be the ONLY coins on the market for months. Glad to see people are starting to sniff this one out before people get burned...again. Soo..4-5 month 2% IPO? Do you think it really matters? I see that you have obvious discomfort with it and I'm sorry, but the reality is that even if all the premine coins get sold, the worst that can happen economically is that the price is cheap for months if nobody's on board with the idea. You're still dealing with a potentially working implementation of ZeroCoin. They could have IPO'd the entire 100%, but they didn't. They could have IPO'd the eintre 2.5%, but they've set aside .5% of that for free giveaways. The developer did all the work, did you expect to get rich? There's far more to worry about than the price, if this is a working ZeroCoin implementation. This is not zerocoin "implementation"...this is a "do it yourself" project. - https://bitcointalk.org/index.php?topic=846471.msg9449600#msg9449600
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jasemoney
Legendary
Offline
Activity: 1610
Merit: 1008
Forget-about-it
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November 05, 2014, 09:10:14 PM |
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setting the premine aside. looks like we have to mint each zerocoin(ZER) from our zerovert (zVert) easy process. if anyone is afraid of CLI usage GET OUT OF ALTCOINS!. then setup a raw transaction. So what happens when we want to pay someone 100 ZER we have to mint 100 individually then string along a huge input list? Clarity plz & thx. PS im sure someone will implement a quick easy button assuming everythign works out here and is proven
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$MAID & $BTC other than that some short hodls and some long held garbage.
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BanditryAndLoot
Member
Offline
Activity: 70
Merit: 10
Activity: 350
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November 05, 2014, 09:10:25 PM |
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Zerocoin in itself isn't hard to implement. Fixing the flaws with it is.
That's what I meant by 'there's other things to worry about' Right now there is a coin with no source, claiming to have a working ZeroCoin implementation, without any notification of whether or not the major issues behind it have been corrected or not.
That's what I meant by 'if this is a working ZeroCoin implementation' On top of this, the massive premine,
So, two people disagree with the premine, and at least three agree with it that I know of. That's fine. It's pretty obvious this is a scam for a few easy BTC.
Then don't buy it. If it's a scam, they'll fade away. Unless you have proof?
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And it's only at the end of fall, that we discover it was naught but the wind that knew when one particular leaf was to fall from one particular tree, only to land in one distinct spot .. to be left for an eternity, and waste its time in a wait sublime. C0A2A1C4
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spacelab
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November 05, 2014, 09:11:53 PM |
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Lol wtf is up with rental prices. 13btc/gh wtfwtfwtf
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Asura
Newbie
Offline
Activity: 32
Merit: 0
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November 05, 2014, 09:12:32 PM |
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It's pretty obvious this is a scam for a few easy BTC.
Then don't buy it. If it's a scam, they'll fade away. Unless you have proof? Hard to prove it's fake when he hasn't released the source to be examined. Hard to prove it's real when he hasn't released the source to be examined.
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BanditryAndLoot
Member
Offline
Activity: 70
Merit: 10
Activity: 350
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November 05, 2014, 09:13:56 PM |
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Yes I saw your protracted version of the main site, which I've already seen. It looks like their ZeroCoin implementation hasn't been integrated with the wallet software, to which you should be asking the question: Hey dev, when you go open source, will you be integrating your ZeroCoin implementation with the wallet software. and not: OMG scam, I have to type things into the COMMAND LINE with this alpha-level software. I'm wondering how, when I've spent the last day going over this, and have been able to draw no conclusions about the efficacy of this project, how you've managed to come to these conclusions?
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And it's only at the end of fall, that we discover it was naught but the wind that knew when one particular leaf was to fall from one particular tree, only to land in one distinct spot .. to be left for an eternity, and waste its time in a wait sublime. C0A2A1C4
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BanditryAndLoot
Member
Offline
Activity: 70
Merit: 10
Activity: 350
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November 05, 2014, 09:15:00 PM |
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It's pretty obvious this is a scam for a few easy BTC.
Then don't buy it. If it's a scam, they'll fade away. Unless you have proof? Hard to prove it's fake when he hasn't released the source to be examined. Hard to prove it's real when he hasn't released the source to be examined. I agree with you, and advocate that you don't spend any money on it then, if that makes you feel uncomfortable. I'm in the same boat as you here, don't forget that.
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And it's only at the end of fall, that we discover it was naught but the wind that knew when one particular leaf was to fall from one particular tree, only to land in one distinct spot .. to be left for an eternity, and waste its time in a wait sublime. C0A2A1C4
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4theLOVEofCrypto
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November 05, 2014, 09:30:01 PM |
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I will definitely be following this thread. I will wait to put money into it until some more details are released.
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illodin
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November 05, 2014, 09:34:01 PM |
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its 10 minute blocks target time not 60 sec.. its been 3.5 hrs and theres ~180 blocks only. Half in first 30 min. Retargeting is trying to play catchup to the hash coming online.
Plus 120 confirms, so about a little less than a full day for confirmations, now that the difficulty is having an easier time keeping up with the hashrate. So all coins on sale at c-cex are from premine?
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BanditryAndLoot
Member
Offline
Activity: 70
Merit: 10
Activity: 350
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November 05, 2014, 09:35:49 PM |
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its 10 minute blocks target time not 60 sec.. its been 3.5 hrs and theres ~180 blocks only. Half in first 30 min. Retargeting is trying to play catchup to the hash coming online.
Plus 120 confirms, so about a little less than a full day for confirmations, now that the difficulty is having an easier time keeping up with the hashrate. So all coins on sale at c-cex are from premine? The dev would have to answer that. There are 197 blocks now, so if the premine was in block 1, then theres 196 minus 120 blocks of coins out there right now .. so 760 coins or so There's 208 coins on there now for sale The reason theres almost 200 blocks is because the difficulty retargeting algorithm takes a little while to catch up to the hashrate, so for the first day or so, the blocks will be less than ten minutes. So far, we're averaging 278 minutes/197 blocks, so 1 minute and 24.6 seconds per block. It should correct within the next day or so, as the hashrate stabilizes and people get their miners hooked up. Sorry again for the last edit: the average blocks per day should be ~144, after it stabilizes, with a 10 minute block time.
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And it's only at the end of fall, that we discover it was naught but the wind that knew when one particular leaf was to fall from one particular tree, only to land in one distinct spot .. to be left for an eternity, and waste its time in a wait sublime. C0A2A1C4
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solid12345
Legendary
Offline
Activity: 1246
Merit: 1000
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November 05, 2014, 09:42:37 PM |
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I could put my coins on a flash drive and hand carry it to someone in China and it would be faster and easier than all those steps.
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ItsNotMe
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November 05, 2014, 09:43:28 PM |
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I could put my coins on a flash drive and hand carry it to someone in China and it would be faster and easier than all those steps.
FedEx?
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jasemoney
Legendary
Offline
Activity: 1610
Merit: 1008
Forget-about-it
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November 05, 2014, 09:51:55 PM |
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its 10 minute blocks target time not 60 sec.. its been 3.5 hrs and theres ~180 blocks only. Half in first 30 min. Retargeting is trying to play catchup to the hash coming online.
Plus 120 confirms, so about a little less than a full day for confirmations, now that the difficulty is having an easier time keeping up with the hashrate. So all coins on sale at c-cex are from premine? its 120 to maturity, we are on block 200. the first 80 ish blocks were mined in the first 30 minutes. there could be potentially 800 on bittrex at this time. looks like 500 changed hands last I looked, if someone instamined and unloaded at the 30k buywall, and the buyer plans to resell at 800k, then the 150 for sale there is what we are seeing now. thats a quick profit! *Edit, if i mined some early blocks id be screwing around with minting ZER not delivering them to c-cex!
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$MAID & $BTC other than that some short hodls and some long held garbage.
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