[ANN] BitBean | Innovative PoS | Scalability | No IPO | No premine

[portice]

Check dev's post in that Gavin Anderson 20MB proposal discussion thread.

after you read all that discussion, you will know why big blocksize is vital.


https://bitcointalk.org/index.php?topic=941331.msg10456221#msg10456221

One of the things I like about this coin is how the dev handled things, he didn't promise anything, he didn't make a big fancy ann promising time travel or anything weird. He simply delivered, launched a coin with some very important improvements which is a first in a very long time.

Refreshing and fun to trade atm too, heh.

[tm2013]

Check dev's post in that Gavin Anderson 20MB proposal discussion thread.

after you read all that discussion, you will know why big blocksize is vital.


https://bitcointalk.org/index.php?topic=941331.msg10456221#msg10456221

One of the things I like about this coin is how the dev handled things, he didn't promise anything, he didn't make a big fancy ann promising time travel or anything weird. He simply delivered, launched a coin with some very important improvements which is a first in a very long time.

Refreshing and fun to trade atm too, heh.

I could see 50-100 sats not being too unreasonable

[nomad13666]

Check dev's post in that Gavin Anderson 20MB proposal discussion thread.

after you read all that discussion, you will know why big blocksize is vital.


https://bitcointalk.org/index.php?topic=941331.msg10456221#msg10456221

One of the things I like about this coin is how the dev handled things, he didn't promise anything, he didn't make a big fancy ann promising time travel or anything weird. He simply delivered, launched a coin with some very important improvements which is a first in a very long time.

Refreshing and fun to trade atm too, heh.

+1

It should be a fun night 

[kcanup]

Check dev's post in that Gavin Anderson 20MB proposal discussion thread.

after you read all that discussion, you will know why big blocksize is vital.


https://bitcointalk.org/index.php?topic=941331.msg10456221#msg10456221

One of the things I like about this coin is how the dev handled things, he didn't promise anything, he didn't make a big fancy ann promising time travel or anything weird. He simply delivered, launched a coin with some very important improvements which is a first in a very long time.

Rememberd how dev was waiting for one hour or so to pools and miners to start mining and he was not getting any attention and had setup bounty for pool lol

[portice]

Almost #1 on bittrex, lets do this.

[minerpools]

Check dev's post in that Gavin Anderson 20MB proposal discussion thread.

after you read all that discussion, you will know why big blocksize is vital.


https://bitcointalk.org/index.php?topic=941331.msg10456221#msg10456221

One of the things I like about this coin is how the dev handled things, he didn't promise anything, he didn't make a big fancy ann promising time travel or anything weird. He simply delivered, launched a coin with some very important improvements which is a first in a very long time.

Rememberd how dev was waiting for one hour or so to pools and miners to start mining and he was not getting any attention and had setup bounty for pool lol

Yeah, I know, crazy. 
I launched while eating BK lol.

[bitcoinreviews]

nice strong buys but i dont yet see use for the coin. too early to speculate good luck as nice trading this

the use of this coin is in proving this next fen tech

if indeed they are testing it then im confident this will fade away as bitcoin replacement would not be called bitbean. they are just testing it for no real purpose. if its not them then id be intrested. i wouldnt be surprised to see a wave of coins saying new tech max size 20mb lol.

there are 40btc in buys but 18btc of those orders sitting under 7sats. that shows they have little intent of buying

So you're saying this could be the next wave of bad forks in coins, like what happened when BTCD hit it big? Possibly, it'd be good marketing, lol.

just saying trade do not invest in this

To the moon we go 

[TimSweat]

nice strong buys but i dont yet see use for the coin. too early to speculate good luck as nice trading this

the use of this coin is in proving this next fen tech

if indeed they are testing it then im confident this will fade away as bitcoin replacement would not be called bitbean. they are just testing it for no real purpose. if its not them then id be intrested. i wouldnt be surprised to see a wave of coins saying new tech max size 20mb lol.

there are 40btc in buys but 18btc of those orders sitting under 7sats. that shows they have little intent of buying

So you're saying this could be the next wave of bad forks in coins, like what happened when BTCD hit it big? Possibly, it'd be good marketing, lol.

just saying trade do not invest in this

To the moon we go 

LOL , Thats what I said earlier , TO THE MOON .

I hope anyway .

[TimSweat]

BTW if Icoin can go for 225 on yobit , then bitbeans should have no problem at all .

[mxhwr]

Check dev's post in that Gavin Anderson 20MB proposal discussion thread.

after you read all that discussion, you will know why big blocksize is vital.


https://bitcointalk.org/index.php?topic=941331.msg10456221#msg10456221

One of the things I like about this coin is how the dev handled things, he didn't promise anything, he didn't make a big fancy ann promising time travel or anything weird. He simply delivered, launched a coin with some very important improvements which is a first in a very long time.

Rememberd how dev was waiting for one hour or so to pools and miners to start mining and he was not getting any attention and had setup bounty for pool lol

Yeah, I know, crazy. 
I launched while eating BK lol.

that is where i convinced myself to sell because this was created out of an idea gavin had for bitcoin. i just sense that this was created to trial dev theory. once it works it will be applied to bitcoin and then poof. need to know if dev has plans than just proving a point

[kcanup]

This coin is already landed in moon and now heading to another planet guys, sit tight lol.. Probably the first coin, miners were happily dumping at 3-4 satoshi yesterday and now look at the price  

Much profit  

 it will trade over 50 satoshi easily with 20 more btc volume, just need one more exchange and that will do it  

[nomad13666]

This coin is already landed in moon and now heading to another planet guys, sit tight lol.. Probably the first coin, miners were happily dumping at 3-4 satoshi yesterday and now look at the price  

Much profit  

 it will trade over 50 satoshi easily with 20 more btc volume, just need one more exchange and that will do it  

+1

Enjoy the ride!

[TimSweat]

This coin is already landed in moon and now heading to another planet guys, sit tight lol.. Probably the first coin, miners were happily dumping at 3-4 satoshi yesterday and now look at the price  

Much profit  

 it will trade over 50 satoshi easily with 20 more btc volume, just need one more exchange and that will do it  

Ya know , I'm surprised another exchange hasnt added it already .

waiting patiently on the rocket ride lol.

[portice]

This coin is already landed in moon and now heading to another planet guys, sit tight lol.. Probably the first coin, miners were happily dumping at 3-4 satoshi yesterday and now look at the price  

Much profit  

 it will trade over 50 satoshi easily with 20 more btc volume, just need one more exchange and that will do it  

Ya know , I'm surprised another exchange hasnt added it already .

waiting patiently on the rocket ride lol.

Doesn't matter Bittrex has been topnotch for a good while now, alot better than the Cryptsy "add a hot coin and taking 8 hrs for your shit to get deposited and miss all the fun", stuff gets old when it happens about 1 or 12 times.

[TimSweat]

2.1 btc from being # 1

[minerpools]

This coin is already landed in moon and now heading to another planet guys, sit tight lol.. Probably the first coin, miners were happily dumping at 3-4 satoshi yesterday and now look at the price  

Much profit  

 it will trade over 50 satoshi easily with 20 more btc volume, just need one more exchange and that will do it  

I agree, it looks really strong. 50 Sats is just around the corner, ofc we should expect the usual fudstorm to come in at any minute, I've even got some on irc ffs.

"But but, I didn't get any of it"

[Fielding]

If you want to know more about that big blocksize 20M proposal by Gavin Anderson,

Check these posts:



1 http://www.gavintech.blogspot.hk/2015/01/looking-before-scaling-up-leap.html

Code:

I just had to figure out how to repackage them into bigger blocks. After a couple of false starts over a couple of frustrating days (wouldn't it be nice if our ideas always worked perfectly the first time?), I came up with the following scheme:

First, I hacked the reference implementation and changed some constants related to the block size (MAX_BLOCK_SIZE, DEFAULT_BLOCK_MAX_SIZE, MAX_BLOCKFILE_SIZE). That part is easy.

The tricky bit is how to take transactions from the 1-MB and repackage them in bigger blocks. For most transactions, it is trivial, because ordinary transactions don't care what block they are in.

There are two exceptions:

1. Transactions that use the 'locktime' feature so they are not valid until a particular block height or date. I dealt with these by simply treating all transactions as 'final'.

2. There are special rules for 'coinbase' transactions: there can be only one coinbase transaction per block, it must be the first transaction, etc. My first couple of false starts went down the path of relaxing those rules, but I gave up that approach because I found myself changing more and more code. I think if I was 22 years old I probably would have just forged ahead, unwilling to let go of a couple of days of programming effort because "just one more change and it will probably all start to work..."

I wonder if old programmers throw away more code than young programmers. I bet we do.

Anyway, after a rethink I came up with a much cleaner solution for handling coinbase transactions from the real blockchain: I write them to a 'coinbasetx.dat' file which the hacked bitcoind reads at startup and stores in memory (there are only 73 megabytes of them). As blocks are added to the big-block chain, those coinbases are added to the "unspent transaction output set" so they are available to be spent (and I set the COINBASE_MATURITY constant to zero instead of 100, so they can be spent right away, in the same big block).

I wrote a tool ("gen_megablocks") that creates the coinbasetx.dat file and blk*.dat files that are valid-but-oversized, -regtest-mode blocks.

2 https://blog.bitcoinfoundation.org/a-scalability-roadmap/

My rough proposal for optimizing new block announcements resulted in lots of discussion about lots of scaling-up issues. There was some misunderstanding that optimizing new block messages would be a silver bullet that would solve all of the challenges Bitcoin will face as usage grows; this blog post is meant to sketch out one possible path for the behind-the-scenes technical work that is being done (or will need to get done) over the next few years to scale up Bitcoin.

3 http://gavintech.blogspot.de/2015/01/twenty-megabytes-testing-results.html

But then we need a concrete proposal for exactly how to increase the size. Here's what I will propose:

Current rules if no consensus as measured by block.nVersion supermajority.
Supermajority defined as: 800 of last 1000 blocks have block.nVersion == 4
Once supermajority attained, block.nVersion < 4 blocks rejected.
After consensus reached: replace MAX_BLOCK_SIZE with a size calculated based on starting at 2^24 bytes (~16.7MB) as of 1 Jan 2015 (block 336,861) and doubling every 6*24*365*2 blocks -- about 40% year-on-year growth. Stopping after 10 doublings.
The perfect exponential function:
size = 2^24 * 2^((blocknumber-336,861)/(6*24*365*2))
... is approximated using 64-bit-integer math as follows:



double_epoch = 6*24*365*2 = 105120
(doublings, remainder) = divmod(blocknumber-336861, double_epoch)
if doublings >= 10 : (doublings, remainder) = (10, 0)
interpolate = floor ((2^24 << doublings) * remainder / double_epoch)
max_block_size = (2^24 << doublings) + interpolate
This is a piecewise linear interpolation between doublings, with maximum allowed size increasing a little bit every block.


4 bitbean source code main.h

https://github.com/nokat/bitbean/blob/master/src/main.h

from line 34

Code:

static const unsigned int MAX_BLOCK_SIZE = 20000000;
static const unsigned int MAX_BLOCK_SIZE_GEN = MAX_BLOCK_SIZE/2;
static const unsigned int MAX_BLOCK_SIGOPS = MAX_BLOCK_SIZE/50;
static const unsigned int MAX_ORPHAN_TRANSACTIONS = MAX_BLOCK_SIZE/100;
static const unsigned int MAX_INV_SZ = 50000;
static const int64_t MIN_TX_FEE = 1000000;
.....

that's nice..

[Fielding]

This is the first big 20MB blocksize coin.

We should ask Gavin Anderson to check his proposal for improve bitcoin core has been completed by bitbean.

https://blog.bitcoinfoundation.org/a-scalability-roadmap/





ps: this coin is amazing.

and this one...

[hokus_pokus]

This is good for competition.
Gavin can take bitbeans and wallstreet can take BTC
 

[PTseller]

Nice and quick way to make money i am on the train 

Lets push it to 50 sat