[PRE] AllStars | Decentralised | FAIR | No pools | 0.5Th mining limit | SHA256

[bank of bits]

Looking for this ,Good luck with the coin

[najzenmajsen]

Can we have a countdown?

[NoobKidOnTheBlock]

cool, will create a pool  

Just let me know when the pool is up and running OC And I'll throw my hashes that way Always love to support another coin

[whywefight]

want a share, dont know why....

[Allstars]

Can we have a countdown?

IPO should start tomorrow, PoW January 17th. We are polishing up the website frontend and making final calculations right now  

[rafetaz]

Selling shares, no coins, everyone can use them, no escrow, IPO, legit.....that words, that people controlling the NO coin.....

[provenceday]

Can we have a countdown?

IPO should start tomorrow, PoW January 17th. We are polishing up the website frontend and making final calculations right now  

why people want to buy the share?
any potential reward for that share?
where willl that reward come from?
Thanks.

[fox19891989]

Cool coin, watch it, need a Chinese OP?   If you need it, PM me, tks

[fabula]

Can we have a countdown?

IPO should start tomorrow, PoW January 17th. We are polishing up the website frontend and making final calculations right now  

Ipo?

No thanks.

[Biomech]

I"m a bit confused. If OC is setting up a pool, but only in wallet mining is allowed, what's the purpose?

And how do you intend to throttle the speed? (pure curiousity here, I think it's an interesting concept.)

also, with only in wallet mining, why SHA? A puny sha rig will bury your speed limit pretty fast. I'd think you would want something a bit more CPU/GPU centric.

I sometimes come off harsh, so just in case, no FUD intended. I'm interested. Not in the IPO, but in mining.

[S4VV4S]

I"m a bit confused. If OC is setting up a pool, but only in wallet mining is allowed, what's the purpose?

And how do you intend to throttle the speed? (pure curiousity here, I think it's an interesting concept.)

also, with only in wallet mining, why SHA? A puny sha rig will bury your speed limit pretty fast. I'd think you would want something a bit more CPU/GPU centric.

I sometimes come off harsh, so just in case, no FUD intended. I'm interested. Not in the IPO, but in mining.

Let me answer your questions (or at least try to)

IPO

Does that answer your question?

Besides, I do not think the OP can cap users at 500GH/s.

[Biomech]

I"m a bit confused. If OC is setting up a pool, but only in wallet mining is allowed, what's the purpose?

And how do you intend to throttle the speed? (pure curiousity here, I think it's an interesting concept.)

also, with only in wallet mining, why SHA? A puny sha rig will bury your speed limit pretty fast. I'd think you would want something a bit more CPU/GPU centric.

I sometimes come off harsh, so just in case, no FUD intended. I'm interested. Not in the IPO, but in mining.

Let me answer your questions (or at least try to)

IPO

Does that answer your question?

Besides, I do not think the OP can cap users at 500GH/s.

Depending on how it's handled, IPO is not a dirty word. But if I do anything with this coin, it's gonna be mining. I like mining I don't see how it could be capped either, but I'm not a coder, so who knows? I'm curious as to how they intend to do that. I suppose it could be done by using IP ban if the power gets to high, but what's a fair way to do it? There are a lot of 1+ TH/s rigs out there. I don't have any, damn it, but I have friends who do. They're not even terribly expensive any more. Now if he was aiming at 50 TH/s, that would seem reasonable for SHA. Personally, I get the feeling this wasn't well thought through. I'd have chosen X11 or something like, keep it to GPU's and CPU's. Or go big and not care

[S4VV4S]

I"m a bit confused. If OC is setting up a pool, but only in wallet mining is allowed, what's the purpose?

And how do you intend to throttle the speed? (pure curiousity here, I think it's an interesting concept.)

also, with only in wallet mining, why SHA? A puny sha rig will bury your speed limit pretty fast. I'd think you would want something a bit more CPU/GPU centric.

I sometimes come off harsh, so just in case, no FUD intended. I'm interested. Not in the IPO, but in mining.

Let me answer your questions (or at least try to)

IPO

Does that answer your question?

Besides, I do not think the OP can cap users at 500GH/s.

Depending on how it's handled, IPO is not a dirty word. But if I do anything with this coin, it's gonna be mining. I like mining I don't see how it could be capped either, but I'm not a coder, so who knows? I'm curious as to how they intend to do that. I suppose it could be done by using IP ban if the power gets to high, but what's a fair way to do it? There are a lot of 1+ TH/s rigs out there. I don't have any, damn it, but I have friends who do. They're not even terribly expensive any more. Now if he was aiming at 50 TH/s, that would seem reasonable for SHA. Personally, I get the feeling this wasn't well thought through. I'd have chosen X11 or something like, keep it to GPU's and CPU's. Or go big and not care

You have your answer  

If this coin passes through the IPO stage it will be raped in the mining phase.
Guaranteed.

I have seen many alts getting raped lately and there are MANY members who would love to rape this too so long as they get most of the coins.

[Biomech]

I"m a bit confused. If OC is setting up a pool, but only in wallet mining is allowed, what's the purpose?

And how do you intend to throttle the speed? (pure curiousity here, I think it's an interesting concept.)

also, with only in wallet mining, why SHA? A puny sha rig will bury your speed limit pretty fast. I'd think you would want something a bit more CPU/GPU centric.

I sometimes come off harsh, so just in case, no FUD intended. I'm interested. Not in the IPO, but in mining.

Let me answer your questions (or at least try to)

IPO

Does that answer your question?

Besides, I do not think the OP can cap users at 500GH/s.

Depending on how it's handled, IPO is not a dirty word. But if I do anything with this coin, it's gonna be mining. I like mining I don't see how it could be capped either, but I'm not a coder, so who knows? I'm curious as to how they intend to do that. I suppose it could be done by using IP ban if the power gets to high, but what's a fair way to do it? There are a lot of 1+ TH/s rigs out there. I don't have any, damn it, but I have friends who do. They're not even terribly expensive any more. Now if he was aiming at 50 TH/s, that would seem reasonable for SHA. Personally, I get the feeling this wasn't well thought through. I'd have chosen X11 or something like, keep it to GPU's and CPU's. Or go big and not care

You have your answer  

If this coin passes through the IPO stage it will be raped in the mining phase.
Guaranteed.

I have seen many alts getting raped lately and there are MANY members who would love to rape this too so long as they get most of the coins.

Can't argue with your logic, unfortunately. but I remain curious. If they do have a way to throttle the network, it could be interesting.

[Allstars]

I'm in mobile now, and will post the details about how we will limit the speed once I'm home from work.

Yes, some coin developers actually have a job instead of relying on getting money for free.

You can always watch the MIN (minerals) as how they implented  the speed limit,  it will be based upon that.

[Joori]

IPO's are shit. Support your coin yourself if you truly believe in your coin. Don't ask for money from others... What are you a begger?

[Biomech]

I'm in mobile now, and will post the details about how we will limit the speed once I'm home from work.

Yes, some coin developers actually have a job instead of relying on getting money for free.

You can always watch the MIN (minerals) as how they implented  the speed limit,  it will be based upon that.

Lol'd at that. Yeah, I know a couple such developers, and they have decent coins.

I will look at minerals, and await your reply. Drink coffee in large quantities and enjoy your day

[Allstars]

I"m a bit confused. If OC is setting up a pool, but only in wallet mining is allowed, what's the purpose?

And how do you intend to throttle the speed? (pure curiousity here, I think it's an interesting concept.)

also, with only in wallet mining, why SHA? A puny sha rig will bury your speed limit pretty fast. I'd think you would want something a bit more CPU/GPU centric.

I sometimes come off harsh, so just in case, no FUD intended. I'm interested. Not in the IPO, but in mining.

I'm sure OC meant this sarcastic ;-)

why people want to buy the share?
any potential reward for that share?
where willl that reward come from?
Thanks.

Well, some people prefer to buy shared since not everybody has mining equipement.
The potential rewards are also higher compared to mining, that's the idea behind an Initial Public Offering.
This can be in many forms, but this section is yet to be announced once the website and the IPO goes live.

We have a 18BTC financial buffer to ensure all runs smoothly, and rewards can be distrubuted.


Note: https://blockchain.info/tx-index/11c6ce3035c30a40541d0efc248f159c07f0e2dc66ddcaa970e0edcc0bc36e8a
Signed message "there you go" with address 1C4zTh2yCYpyhaUzPnwsBxKLKnsSsUtKh2:

H3L0g20TThW8HLHld0d66L47EoBj2dd8Pt2V0OMBRnUkZPNpMX1UfYTeIbd3IMF7OK/NuY08BXkJWTpyB8PIKMc=

IPO's are shit. Support your coin yourself if you truly believe in your coin. Don't ask for money from others... What are you a begger?

See the comment above ;-) We support our own coin with our own fundings.
The mere ~10BTC this IPO can raise (limited, remember?) is about half of our own funds.

Stop confusing ICO with IPO everybody now please. IPO has nothing to do with begging or not being creditworthy.
It's about OFFERING INITIAL shares before the PUBLIC release.


Now some updates:

Due to the complexity of our entire coin, having a fulltime job and a family with young kids, we've outsourced the coding to 3 different companies.
2 of those companies have failed to meet our strict requirements and mostly failed on limiting the individual mining speeds.

The company who remained has provided us with a perfect test version of the coin we are launching.

That being said, the launch should be on schedule like announced in the OP.

Stay tuned and follow us @ https://twitter.com/AllstarsCoin

[vegasguy]

I'll just ask one more thing.

How many coins have you made in the past?

You're mentioning my coin, so you've been around for a long period. So, I assume we know each other, or we've chatted before.

I know the difference between ICO, IPO/ITO/ISO/PISSO, or whatever anyone wants to call it.

So, you're asking funds, with a newbie account. No one knows who you are, or if you're even going to deliver what you're writing in OP.
Am I wrong here?

I'm just trying to debate and understand what's going on.

Only 1 investement per user will be allowed!

Per bitcointalk account you mean? Because 1 person can invest much more if he makes new accounts, or if he even own older accounts.

Yes i'm around for a very long time, and i do know you. Yes we chatted, and even debatted about KING way before it's launch.
Yes, i've seen ocminer making his first posts about setting up his pool.
Yes, i'm here for a longer period of time than the avg users on this forum.

Nobody needs to know who is behind this coin already. I want the people to trust me and allstars.
I'm not asking for your trust to be granted, it's up to me to earn it.

I dont want people to be like "Oh, it's user X behind it, now we can trust it!".
I want this coin to stand on it's own. And whoever is behind it as a team, may or may not be revealed once the coin is up and running.

EDIT: 1 investement per email address/session/ possible cookie. Ofcourse one can invest much more, but i cant stop them from doing so.
But i dont see why someone would buy the entire available shares by himself  

I call bullshit. If you have an established bitcointalk account, you would only gain trust with the coin by using it. I wont touch this. If I was to launch a coin, you would know EVERYTHING about me, facebbook actt, twitter, ect. I would have nothing to hide.

[Allstars]

I call bullshit. If you have an established bitcointalk account, you would only gain trust with the coin by using it. I wont touch this. If I was to launch a coin, you would know EVERYTHING about me, facebbook actt, twitter, ect. I would have nothing to hide.

So, what do you know about Satoshi then that makes it less 'bullshit' in your vision?
I dont remember having any personal details about him, yet i invested loads of money in Bitcoin when it was still relative unknown.

Wrong theory, i'm sorry. That's just a straight-ahead vision.

EDIT:

BFL's details => public.
MtGox details => public.
Zeushash details => public.
LtcGear details => public.
Gawminers details => public.

So, what's your point?