[ANN]BitMiles (BTMi) Launched - First Cryptogenic Frequent-Flyer Miles

[siampumpkin]

hahaha price so cheap! i have been buying for the last 2 days!
This coin has a very nice potential and it's concept is great!!!!!

Have a Merry Xmas everyone!

Fully agree. Maybe If I can get a payment out of LTC Gear I can buy some. LOL

[siameze]

bitmiles https://bitcointalk.org/index.php?topic=892298.0

Heritage: LTC 0.6.9ish, piggycoin template(https://github.com/piggycoin/piggycoin)

Problems:

* EXTREME: Premine is extremely excessive and will be more than the network will mint for over 2 years
** The premine being expressed as a percentage of the supply is deceiving, given that the full supply takes decades to mint
** See https://gist.github.com/Earlz/de3cc5f6ee85c7a69d53 to properly destroy a portion of this excessive premine

* MODERATE: genesis seed is not a news event

Notes:

Watermarks: uint64, pow, unknown

I jumped off this flight as soon as I saw the premine, but I did love your gist there earlz

[Scooby903]

bitmiles https://bitcointalk.org/index.php?topic=892298.0

Heritage: LTC 0.6.9ish, piggycoin template(https://github.com/piggycoin/piggycoin)

Problems:

* EXTREME: Premine is extremely excessive and will be more than the network will mint for over 2 years
** The premine being expressed as a percentage of the supply is deceiving, given that the full supply takes decades to mint
** See https://gist.github.com/Earlz/de3cc5f6ee85c7a69d53 to properly destroy a portion of this excessive premine

* MODERATE: genesis seed is not a news event

Notes:

Watermarks: uint64, pow, unknown

I jumped off this flight as soon as I saw the premine, but I did love your gist there earlz

The dev destroyed most of the premine already...

[kozmos]

bitmiles https://bitcointalk.org/index.php?topic=892298.0

Heritage: LTC 0.6.9ish, piggycoin template(https://github.com/piggycoin/piggycoin)

Problems:

* EXTREME: Premine is extremely excessive and will be more than the network will mint for over 2 years
** The premine being expressed as a percentage of the supply is deceiving, given that the full supply takes decades to mint
** See https://gist.github.com/Earlz/de3cc5f6ee85c7a69d53 to properly destroy a portion of this excessive premine

* MODERATE: genesis seed is not a news event

Notes:

Watermarks: uint64, pow, unknown

I jumped off this flight as soon as I saw the premine, but I did love your gist there earlz

Not really, the premine is already destroyed

https://bitcointalk.org/index.php?topic=892298.msg9843749#msg9843749

About 45 million coins have been DESTROYED of the premine. This occurred in transaction d6ab6f201c62c2a73981fc6f981a80742d552408bc70d53df30254a1e67a2727. This drops the premine down to a much more reasonable 5 million coins, which while still somewhat large, is no longer years worth of mining.

For reference, here is the transaction details. You can confirm that they were destroyed by the last vout of ~45 million being used for this transaction script: ""asm" : "OP_DUP OP_HASH160 0000000000000000000000000000000000000000 OP_EQUALVERIFY OP_CHECKSIG"," the long string of 0s means it is provably impossible to generate a public key matching this to spend the funds, and the funds are provably DESTROYED.

Code:

[earlz@test2 src]$ ./BitMilesd getrawtransaction d6ab6f201c62c2a73981fc6f981a80742d552408bc70d53df30254a1e67a2727 1
{
    "hex" : "0100000001b02461cc34461668cf8734c5fc0bcc3944a0f119e61bf4b50cd30ddac8f3c499000000006a47304402205391d7a9c34796f13c38ca5e1f519de928963b6e603c139a0030694b4438cde302205976d2fd653e94ccc13a88505dcf571447925757855d1b802096df75949c4e6901210331fc670d1b8d387ccd93d101b287802b8c1da9afd542acd74d34e4aac67d597fffffffff02000a2faf118701001976a914dcab874265889bb3c1508be0dad15bc434af1b5b88ac00e6b2234b3810001976a914000000000000000000000000000000000000000088ac00000000",
    "txid" : "d6ab6f201c62c2a73981fc6f981a80742d552408bc70d53df30254a1e67a2727",
    "version" : 1,
    "locktime" : 0,
    "vin" : [
        {
            "txid" : "99c4f3c8da0dd30cb5f41be619f1a04439cc0bfcc53487cf68164634cc6124b0",
            "vout" : 0,
            "scriptSig" : {
                "asm" : "304402205391d7a9c34796f13c38ca5e1f519de928963b6e603c139a0030694b4438cde302205976d2fd653e94ccc13a88505dcf571447925757855d1b802096df75949c4e6901 0331fc670d1b8d387ccd93d101b287802b8c1da9afd542acd74d34e4aac67d597f",
                "hex" : "47304402205391d7a9c34796f13c38ca5e1f519de928963b6e603c139a0030694b4438cde302205976d2fd653e94ccc13a88505dcf571447925757855d1b802096df75949c4e6901210331fc670d1b8d387ccd93d101b287802b8c1da9afd542acd74d34e4aac67d597f"
            },
            "sequence" : 4294967295
        }
    ],
    "vout" : [
        {
            "value" : 4299850.00000000,
            "n" : 0,
            "scriptPubKey" : {
                "asm" : "OP_DUP OP_HASH160 dcab874265889bb3c1508be0dad15bc434af1b5b OP_EQUALVERIFY OP_CHECKSIG",
                "hex" : "76a914dcab874265889bb3c1508be0dad15bc434af1b5b88ac",
                "reqSigs" : 1,
                "type" : "pubkeyhash",
                "addresses" : [
                    "bYr4qS3ZeEgZyi9ngzVvQ1Knigk5FeeYQc"
                ]
            }
        },
        {
            "value" : 45654950.00000000,
            "n" : 1,
            "scriptPubKey" : {
                "asm" : "OP_DUP OP_HASH160 0000000000000000000000000000000000000000 OP_EQUALVERIFY OP_CHECKSIG",
                "hex" : "76a914000000000000000000000000000000000000000088ac",
                "reqSigs" : 1,
                "type" : "pubkeyhash",
                "addresses" : [
                    "bCjGhELVMLPUWqrN5fK6Df8sVsuBWTKAVN"
                ]
            }
        }
    ],
    "blockhash" : "fdb52da9df5d3136b3851751948b430abda350f34ca3070f0316a7ad98cec6f5",
    "confirmations" : 7,
    "time" : 1418623898
} 

It is recommended if the dev would post earlz comment at the op to avoid any further confusion.

[br0ken]

bitmiles https://bitcointalk.org/index.php?topic=892298.0

Heritage: LTC 0.6.9ish, piggycoin template(https://github.com/piggycoin/piggycoin)

Problems:

* EXTREME: Premine is extremely excessive and will be more than the network will mint for over 2 years
** The premine being expressed as a percentage of the supply is deceiving, given that the full supply takes decades to mint
** See https://gist.github.com/Earlz/de3cc5f6ee85c7a69d53 to properly destroy a portion of this excessive premine

* MODERATE: genesis seed is not a news event

Notes:

Watermarks: uint64, pow, unknown

I jumped off this flight as soon as I saw the premine, but I did love your gist there earlz

Not really, the premine is already destroyed

https://bitcointalk.org/index.php?topic=892298.msg9843749#msg9843749

About 45 million coins have been DESTROYED of the premine. This occurred in transaction d6ab6f201c62c2a73981fc6f981a80742d552408bc70d53df30254a1e67a2727. This drops the premine down to a much more reasonable 5 million coins, which while still somewhat large, is no longer years worth of mining.

For reference, here is the transaction details. You can confirm that they were destroyed by the last vout of ~45 million being used for this transaction script: ""asm" : "OP_DUP OP_HASH160 0000000000000000000000000000000000000000 OP_EQUALVERIFY OP_CHECKSIG"," the long string of 0s means it is provably impossible to generate a public key matching this to spend the funds, and the funds are provably DESTROYED.

Code:

[earlz@test2 src]$ ./BitMilesd getrawtransaction d6ab6f201c62c2a73981fc6f981a80742d552408bc70d53df30254a1e67a2727 1
{
    "hex" : "0100000001b02461cc34461668cf8734c5fc0bcc3944a0f119e61bf4b50cd30ddac8f3c499000000006a47304402205391d7a9c34796f13c38ca5e1f519de928963b6e603c139a0030694b4438cde302205976d2fd653e94ccc13a88505dcf571447925757855d1b802096df75949c4e6901210331fc670d1b8d387ccd93d101b287802b8c1da9afd542acd74d34e4aac67d597fffffffff02000a2faf118701001976a914dcab874265889bb3c1508be0dad15bc434af1b5b88ac00e6b2234b3810001976a914000000000000000000000000000000000000000088ac00000000",
    "txid" : "d6ab6f201c62c2a73981fc6f981a80742d552408bc70d53df30254a1e67a2727",
    "version" : 1,
    "locktime" : 0,
    "vin" : [
        {
            "txid" : "99c4f3c8da0dd30cb5f41be619f1a04439cc0bfcc53487cf68164634cc6124b0",
            "vout" : 0,
            "scriptSig" : {
                "asm" : "304402205391d7a9c34796f13c38ca5e1f519de928963b6e603c139a0030694b4438cde302205976d2fd653e94ccc13a88505dcf571447925757855d1b802096df75949c4e6901 0331fc670d1b8d387ccd93d101b287802b8c1da9afd542acd74d34e4aac67d597f",
                "hex" : "47304402205391d7a9c34796f13c38ca5e1f519de928963b6e603c139a0030694b4438cde302205976d2fd653e94ccc13a88505dcf571447925757855d1b802096df75949c4e6901210331fc670d1b8d387ccd93d101b287802b8c1da9afd542acd74d34e4aac67d597f"
            },
            "sequence" : 4294967295
        }
    ],
    "vout" : [
        {
            "value" : 4299850.00000000,
            "n" : 0,
            "scriptPubKey" : {
                "asm" : "OP_DUP OP_HASH160 dcab874265889bb3c1508be0dad15bc434af1b5b OP_EQUALVERIFY OP_CHECKSIG",
                "hex" : "76a914dcab874265889bb3c1508be0dad15bc434af1b5b88ac",
                "reqSigs" : 1,
                "type" : "pubkeyhash",
                "addresses" : [
                    "bYr4qS3ZeEgZyi9ngzVvQ1Knigk5FeeYQc"
                ]
            }
        },
        {
            "value" : 45654950.00000000,
            "n" : 1,
            "scriptPubKey" : {
                "asm" : "OP_DUP OP_HASH160 0000000000000000000000000000000000000000 OP_EQUALVERIFY OP_CHECKSIG",
                "hex" : "76a914000000000000000000000000000000000000000088ac",
                "reqSigs" : 1,
                "type" : "pubkeyhash",
                "addresses" : [
                    "bCjGhELVMLPUWqrN5fK6Df8sVsuBWTKAVN"
                ]
            }
        }
    ],
    "blockhash" : "fdb52da9df5d3136b3851751948b430abda350f34ca3070f0316a7ad98cec6f5",
    "confirmations" : 7,
    "time" : 1418623898
} 

It is recommended if the dev would post earlz comment at the op to avoid any further confusion.

Thanks! added to OP 

Merry Xmas all !!!!

We will be back in full swing on 12/26/2014 ! Happy mining

[br0ken]

Ps.

if you would like to score yourself some BitMiles (BTMi) - then don't forget to have a look at our bounty program (found here: http://goo.gl/hKWpbc). We are currently looking for assistance with the following (generous rewards will be given):
 
Tipping Bots
 
IRC Tip Bot – 25,000 BTMi
Reddit Tip Bot – 25,000 BTMi Thanks @datadev
Twitter Tip Bot – 25,000 BTMi
 
Wallets

Mac OS X Wallet – 35,000 BTMi
Android Wallet/mobile – 45,000 BTMi
 
Explorers
 
Block Explorers - 3000 BTMi * * *
 
Faucets & Pools

Contact Us
 
Social Media
 
Facebook Page Cover  - 5000 BTMi
 
If you have something awesome (not listed here) that you could offer BitMiles (such as marketing and website revamp), please get in touch. We would love to hear from you !
 
This is '1st come 1st paid' basis. The 1st to complete a bounty (successfully) will receive the bounty. Bounty completion submissions can be made directly to this thread.

We also have a Branding Pack competition running in which you could win yourself 100,000 BitMiles (BTMi) !!! See details here: http://goo.gl/kEWCJB

[br0ken]

Hi guys,

PLEASE NOTE : BitMiles post-launch giveaway (Round 2) will be ending on Friday, 26 December 2014, 22:00:00 MST so make sure you get your hands on some BitMiles (BTMi) before then. And, don't forget to share us with your friends !

See http://goo.gl/tpddzf

Regards

[br0ken]

From the BitMiles team - we would like to wish all our community members a very merry xmas and a season of blessings from above ! Happy mining 

[siameze]

About 45 million coins have been DESTROYED of the premine. This occurred in transaction d6ab6f201c62c2a73981fc6f981a80742d552408bc70d53df30254a1e67a2727. This drops the premine down to a much more reasonable 5 million coins, which while still somewhat large, is no longer years worth of mining.

Still, there is a premine there even if some of it *was* destroyed. I have yet to hear good reasoning (besides scammy excuses) as to why a premine is ever really necessary now. Ditto for IPO's.

[Normandoyle]

Picked up a few on Bittrex

[Scooby903]

About 45 million coins have been DESTROYED of the premine. This occurred in transaction d6ab6f201c62c2a73981fc6f981a80742d552408bc70d53df30254a1e67a2727. This drops the premine down to a much more reasonable 5 million coins, which while still somewhat large, is no longer years worth of mining.

Still, there is a premine there even if some of it *was* destroyed. I have yet to hear good reasoning (besides scammy excuses) as to why a premine is ever really necessary now. Ditto for IPO's.

Yeah, but that is tiny!  I've mined 500k myself in just a few days.  Hardly obnoxious and they have already been paying out for bounties.  I really don't see the issue 

[danielb1983]

About 45 million coins have been DESTROYED of the premine. This occurred in transaction d6ab6f201c62c2a73981fc6f981a80742d552408bc70d53df30254a1e67a2727. This drops the premine down to a much more reasonable 5 million coins, which while still somewhat large, is no longer years worth of mining.

Still, there is a premine there even if some of it *was* destroyed. I have yet to hear good reasoning (besides scammy excuses) as to why a premine is ever really necessary now. Ditto for IPO's.

Yeah, but that is tiny!  I've mined 500k myself in just a few days.  Hardly obnoxious and they have already been paying out for bounties.  I really don't see the issue 

It is a very tiny bit. They have destroyed the majority of the primed coins and using the remaing small tiny bit that left for hosting, giveaways, etc... see no issue here. Please close this topic as it's no point to drag it anymore.

[littlefaucet]

As soon as I read the algo is Scrypt ,I decide to quit 

[siameze]

About 45 million coins have been DESTROYED of the premine. This occurred in transaction d6ab6f201c62c2a73981fc6f981a80742d552408bc70d53df30254a1e67a2727. This drops the premine down to a much more reasonable 5 million coins, which while still somewhat large, is no longer years worth of mining.

Still, there is a premine there even if some of it *was* destroyed. I have yet to hear good reasoning (besides scammy excuses) as to why a premine is ever really necessary now. Ditto for IPO's.

Yeah, but that is tiny!  I've mined 500k myself in just a few days.  Hardly obnoxious and they have already been paying out for bounties.  I really don't see the issue 

It is a very tiny bit. They have destroyed the majority of the primed coins and using the remaing small tiny bit that left for hosting, giveaways, etc... see no issue here. Please close this topic as it's no point to drag it anymore.

Sorry, I don't take advice from noobs with a post count of 4. (Let the sock puppetry begin)

[Scooby903]

About 45 million coins have been DESTROYED of the premine. This occurred in transaction d6ab6f201c62c2a73981fc6f981a80742d552408bc70d53df30254a1e67a2727. This drops the premine down to a much more reasonable 5 million coins, which while still somewhat large, is no longer years worth of mining.

Still, there is a premine there even if some of it *was* destroyed. I have yet to hear good reasoning (besides scammy excuses) as to why a premine is ever really necessary now. Ditto for IPO's.

Yeah, but that is tiny!  I've mined 500k myself in just a few days.  Hardly obnoxious and they have already been paying out for bounties.  I really don't see the issue 

It is a very tiny bit. They have destroyed the majority of the primed coins and using the remaing small tiny bit that left for hosting, giveaways, etc... see no issue here. Please close this topic as it's no point to drag it anymore.

Sorry, I don't take advice from noobs with a post count of 4. (Let the sock puppetry begin)

My statement still stands.  While I agree that premines and ICO's are in general pretty scammy things to do, there simply isn't enough there to be much of a scam

[siameze]

My statement still stands.  While I agree that premines and ICO's are in general pretty scammy things to do, there simply isn't enough there to be much of a scam

Good. Let's stick to the current financial system and just like governments make money appear out of thin air.

[danielb1983]

About 45 million coins have been DESTROYED of the premine. This occurred in transaction d6ab6f201c62c2a73981fc6f981a80742d552408bc70d53df30254a1e67a2727. This drops the premine down to a much more reasonable 5 million coins, which while still somewhat large, is no longer years worth of mining.

Still, there is a premine there even if some of it *was* destroyed. I have yet to hear good reasoning (besides scammy excuses) as to why a premine is ever really necessary now. Ditto for IPO's.

Yeah, but that is tiny!  I've mined 500k myself in just a few days.  Hardly obnoxious and they have already been paying out for bounties.  I really don't see the issue 

It is a very tiny bit. They have destroyed the majority of the primed coins and using the remaing small tiny bit that left for hosting, giveaways, etc... see no issue here. Please close this topic as it's no point to drag it anymore.

Sorry, I don't take advice from noobs with a post count of 4. (Let the sock puppetry begin)

It wasn't an advice but a statement. You don't like it no one is asking you to stay. There is 300+ other coins. Have fun.

[Jookly]

hurry up and pump this dirt to 100 so I can never think about it again.  thank you

[linearzone]

another Scrypt scrap 

[RJX]

hurry up and pump this dirt to 100 so I can never think about it again.  thank you

lol, pretty much sums it up.

for all of you that think this piece of software will one day be at the pinnacle of aviations customer satisfaction: wont happen because there will never be demand from the aviation industry since frequent flyer miles are nothing more than the result of a calculation that can be done with a calculator and as such has long and wide been integrated into existing systems.

Also, frequent flyer miles are non-transferrable. Think about that.