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

[pNell]

Thanks for addressing my concern in such a prompt and specific way. Good luck all!

[Allstars]

Thanks for addressing my concern in such a prompt and specific way. Good luck all!

I take these things serious.

Double checking is done. Instead of relying on my payment provider the system will now query the API at regular intervals to ensure nothing gets lost 'somewhere' on the internet  

Next stop: Queing the emails that are still on hold

[Allstars]

Emails fixed, double check on payments fixed.

CURRENT IPO STATS:

Total received balance:  9.93154 BTC

# of 'whale' packages: 6 sold * 1 = ~6BTC
# of 'investor' packages: 3 sold * 0.5 = ~1.5BTC
# of 'trader' packages: 6 sold * 0.2 = ~1.2BTC
# of 'supporter' packages: 12 sold * 0.1 = ~1.2BTC

A live ticker is not possible without using/displaying my private merchant API key, sorry guys  
Community vote asked: Should we close IPO around 12BTC ? It's open for about 36h now.

[SockPuppetAccount]

EDIT : confirmation email arrived

[klopper]

Emails fixed, double check on payments fixed.

CURRENT IPO STATS:

Total received balance:  9.93154 BTC

# of 'whale' packages: 6 sold * 1 = ~6BTC
# of 'investor' packages: 3 sold * 0.5 = ~1.5BTC
# of 'trader' packages: 6 sold * 0.2 = ~1.2BTC
# of 'supporter' packages: 12 sold * 0.1 = ~1.2BTC

A live ticker is not possible without using/displaying my private merchant API key, sorry guys 
Cummunity vote asked: Should we close IPO around 12BTC ? yes It's open for about 36h now.

[Allstars]

Emails fixed, double check on payments fixed.

CURRENT IPO STATS:

Total received balance:  9.93154 BTC

# of 'whale' packages: 6 sold * 1 = ~6BTC
# of 'investor' packages: 3 sold * 0.5 = ~1.5BTC
# of 'trader' packages: 6 sold * 0.2 = ~1.2BTC
# of 'supporter' packages: 12 sold * 0.1 = ~1.2BTC

A live ticker is not possible without using/displaying my private merchant API key, sorry guys  
Community vote asked: Should we close IPO around 12BTC ? It's open for about 36h now.

[BTCspace]

Emails fixed, double check on payments fixed.

CURRENT IPO STATS:

Total received balance:  9.93154 BTC

# of 'whale' packages: 6 sold * 1 = ~6BTC
# of 'investor' packages: 3 sold * 0.5 = ~1.5BTC
# of 'trader' packages: 6 sold * 0.2 = ~1.2BTC
# of 'supporter' packages: 12 sold * 0.1 = ~1.2BTC

A live ticker is not possible without using/displaying my private merchant API key, sorry guys  
Community vote asked: Should we close IPO around 12BTC ? It's open for about 36h now.

to protect investor, maybe yes?

how many btc raised now?

[Allstars]

to protect investor, maybe yes?

how many btc raised now?

CURRENT IPO STATS:

Total received balance:  10.96114 BTC

# of 'whale' packages: 7 sold * 1 = ~7BTC
# of 'investor' packages: 3 sold * 0.5 = ~1.5BTC
# of 'trader' packages: 6 sold * 0.2 = ~1.2BTC
# of 'supporter' packages: 12 sold * 0.1 = ~1.2BTC


So, i should close IPO soon.

[boxxa]

I think your mining speed regulation is a joke.

Nothing says I can't mine at Th/s and submit one block to the network. Client know nothing about share submission since my pool controls the target.

[Allstars]

I think your mining speed regulation is a joke.

Nothing says I can't mine at Th/s and submit one block to the network. Client know nothing about share submission since my pool controls the target.

https://bitcointalk.org/index.php?topic=913823.msg10063464#msg10063464  

Stop thinking in terms of what you know, look ahead and look towards the future.
AllStars is not some clone. It's new, in every way possible.

Every coin until now is a simple music cassette. AllStars will be the first music cd.
Same purpose, but in any front way better.

[boxxa]

So are you centralizing mining? If I submit a block from a bought wallet, the key is registered. Fine.

If my pool behind my wallet is running at Th/s then you have no idea I'm running at a speed. This seems fishy if you are controlling what blocks are being submitted and allowing miners submit their own blocks to network and let you verify them and control what blocks and txs are generated.

[Allstars]

So are you centralizing mining? If I submit a block from a bought wallet, the key is registered. Fine.

If my pool behind my wallet is running at Th/s then you have no idea I'm running at a speed. This seems fishy if you are controlling what blocks are being submitted and allowing miners submit their own blocks to network and let you verify them and control what blocks and txs are generated.

There is no controlling what so ever. Only your HASHRATE will be limited.
It will be impossible to submit more than 0.5Th to your wallet.
Any hashrate above it will be redirected to some pool you'll setup.

Easy to compare with CGminer where you split hashrates amongst pools. Same thing.
We monitor your hashrate that is getting submitted at your WALLET and limiting it using a key.

The wallet itself has not a single byte in the source that existing wallets have.
Like i said before, it's a completely new system build from the ground up.
So no need to keep comparing it with existing pools and wallets.

There are so many more details that i can't publish yet, but i suggest you keep watching the topic.
It will only cost you some time 

[boxxa]

Your lack of understanding of how mining works scares me.

Is there a bounty to run a pool with custom software above the 500Ghs? Wallets don't control hashes and if you are running algos that exist, nothing says I can't mine a zero transaction block to myself and just submit the block to the network.

[Allstars]

Your lack of understanding of how mining works scares me.

Is there a bounty to run a pool with custom software above the 500Ghs? Wallets don't control hashes and if you are running algos that exist, nothing says I can't mine a zero transaction block to myself and just submit the block to the network.

There we go again...

Our wallet will. We have nothing in common with any existing QT wallet.
Your ALLS wallet will be a pool on it's own, all integrated into a nice, shiny, build from the ground up (without looking at other coins), wallet.

Now, you can say i dont understand mining. But since i'm a 2011 bitcoin miner, it seems odd.
Or could it be you that lacks the ability to look at the future without thinking in the past? 

[Allstars]

CURRENT IPO STATS:

Total received balance:  11.96114 BTC

# of 'whale' packages: 8 sold * 1 = ~7BTC
# of 'investor' packages: 3 sold * 0.5 = ~1.5BTC
# of 'trader' packages: 6 sold * 0.2 = ~1.2BTC
# of 'supporter' packages: 12 sold * 0.1 = ~1.2BTC


Our 12BTC limit has been reached in record time!

This community has to decide what happens now.

Option 1: We close the IPO.
Option 2: We remove 'whale' and 'investor' package and let it run for another 24h to give smaller investors a chance to invest.

I have a total of 29 investors, at least 12 should give their opinion on this subject.
If we do not agree for one of these options, i will simply close the IPO myself.

Let me hear your choice/suggestion.

I will wait until 12:00 CET before closing IPO down myself.

Note: 'Whale' package will be removed from the website. Max 8 has been reached.

[boxxa]

Network builds diff based on rate of blocks. My pool can run without talking to the wallet using it's custom mempool of tx I make myself to provide an advantage. Your client has no say in my hash rate.

[BTCspace]

CURRENT IPO STATS:

Total received balance:  11.96114 BTC

# of 'whale' packages: 8 sold * 1 = ~7BTC
# of 'investor' packages: 3 sold * 0.5 = ~1.5BTC
# of 'trader' packages: 6 sold * 0.2 = ~1.2BTC
# of 'supporter' packages: 12 sold * 0.1 = ~1.2BTC


Our 12BTC limit has been reached in record time!

This community has to decide what happens now.

Option 1: We close the IPO.
Option 2: We remove 'whale' and 'investor' package and let it run for another 24h to give smaller investors a chance to invest.

I have a total of 29 investors, at least 12 should give their opinion on this subject.
If we do not agree for one of these options, i will simply close the IPO myself.

Let me hear your choice/suggestion.

I will wait until 12:00 CET before closing IPO down myself.

Note: 'Whale' package will be removed from the website. Max 8 has been reached.

As an investor. i choose option 1.

thanks

[Allstars]

Network builds diff based on rate of blocks. My pool can run without talking to the wallet using it's custom mempool of tx I make myself to provide an advantage. Your client has no say in my hash rate.

You have 0 details on my client. How can you be so sure?

EDIT: I'm to old to play this i'm right and you're wrong games.
Please keep the debates constructive. No point in bashing things without having any prior knowledge about it.

Non constructive posts will be removed from now on.

[boxxa]

I'm not bashing. You are referring to existing sha256 miners. You are limiting speeds and wondering how? Network difficulty is one thing. RPC calls to client for getwork and getblocktemplate are the other. Unless you completely revamped your RPC calls I still can pull a hash difficulty requirement and submit it to the network from a client who's pub key is allows, I just don't see how you can limit hash rate. All I gotta do is get a block and goal and let my own mining pool software not touch the wallet client until it finds a block.

[infernoman]

I'm not bashing. You are referring to existing sha256 miners. You are limiting speeds and wondering how? Network difficulty is one thing. RPC calls to client for getwork and getblocktemplate are the other. Unless you completely revamped your RPC calls I still can pull a hash difficulty requirement and submit it to the network from a client who's pub key is allows, I just don't see how you can limit hash rate. All I gotta do is get a block and goal and let my own mining pool software not touch the wallet client until it finds a block.

the owner of the coin was looking for people for testing and attacking the network. personally i believe that boxxa would be a great candidate for this.