[ANN] - A New design based on NVC PoW+PoS and incorporating the Mini-blockchain. - page 2.

aaaxn

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Quote from: Balthazar on May 09, 2013, 02:27:24 PM

It seems that someone can't understand the checkpointing idea, but posting too much. Roll Eyes

NVC and PPC can work without checkpointing, there is absolutely no problem. It's just additional measure which can be removed in any time, anyone can build own client without this feature.

Someone could post coin design in one nice detailed documents to help those who are not so smart Roll Eyes

Anyway great to hear that.

EDIT: I guess I'll read the source.

Balthazar

legendary

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It seems that someone can't understand the checkpointing idea, but posting too much. Roll Eyes

NVC and PPC can work without checkpointing, there is absolutely no problem. It's just additional measure which can be removed in any time, anyone can build own client without this feature.

thesnoo23

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3D BC? Like, multiple blocks being hashed at the same time?

digitalindustry

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‘Try to be nice’

Quote from: aaaxn on May 09, 2013, 01:58:12 PM

Quote from: digitalindustry on May 09, 2013, 11:28:21 AM

"if I have better marketing" "and can get more exposure"
people don't understand that the code is just the 50%, ha ha look at Bitcoin lol all those flaws, but got a little marketing becasue it was the first of its kind lol

I believe it would fall into "first of its kind" so even I should be able to handle marketing it.

Great sounds good, if it's great i will market it as well ! and you will profit both ways. : D

Quote from: digitalindustry on May 09, 2013, 11:28:21 AM

just to ask what don't you like about the PoW + PoS system ?

It's seems to be copy o PPC system which relies heavily on central checkpointing and had some design flaw in beginnings. I guess it is fixed know, but information about how this algorithm really works are scarce (or not? any links?). Moreover this algorithm needs adaptation to mini-blockchain and until someone think over details we don't really know if it will work.

Yeah he fixed the flaws - the info is all on the original thread as far as the Algo goes?? sorry , ..but i'm going to have, to , you know.... what .ready...... < Balthazar tradmark lol jokes

yeah that's why i have the topic here to get that into the mini BC, although i can tell you Balth is working on a 3D BC with Hamming Codes, so he said (and that was all he said)

aaaxn

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Activity: 359

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Quote from: digitalindustry on May 09, 2013, 11:28:21 AM

"if I have better marketing" "and can get more exposure"
people don't understand that the code is just the 50%, ha ha look at Bitcoin lol all those flaws, but got a little marketing becasue it was the first of its kind lol

I believe it would fall into "first of its kind" so even I should be able to handle marketing it.

Quote from: digitalindustry on May 09, 2013, 11:28:21 AM

just to ask what don't you like about the PoW + PoS system ?

It's seems to be copy o PPC system which relies heavily on central checkpointing and had some design flaw in beginnings. I guess it is fixed know, but information about how this algorithm really works are scarce (or not? any links?). Moreover this algorithm needs adaptation to mini-blockchain and until someone think over details we don't really know if it will work.

digitalindustry

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Quote from: aaaxn on May 09, 2013, 11:15:00 AM

I don't like combined PoS / PoW design, but I will happily contribute to mini-blockchain part of implementation.
After all I will just copy paste your code, change PoS/PoW part to my awesome idea and easily win competition

you left out :

"if I have better marketing" "and can get more exposure"

people don't understand that the code is just the 50%, ha ha look at Bitcoin lol all those flaws, but got a little marketing becasue it was the first of its kind lol

just to ask what don't you like about the PoW + PoS system ?

aaaxn

sr. member

Activity: 359

Merit: 250

I don't like combined PoS / PoW design, but I will happily contribute to mini-blockchain part of implementation.
After all I will just copy paste your code, change PoS/PoW part to my awesome idea and easily win competition

c4n10

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Interesting...

digitalindustry

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Quote from: thesnoo23 on May 09, 2013, 10:02:22 AM

My personal suggestion in regards to block time/reward would be: Small

Small/short block time, small frequent reward

and Large cap. Make it last.

i generally tend to agree with you , if we are serious about making something useful and not just an attempt at marketing a quick bucks scam , we need something like this. agreed.

i'm not putting my design to a dumb scam.

thesnoo23

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My personal suggestion in regards to block time/reward would be: Small

Small/short block time, small frequent reward

and Large cap. Make it last.

digitalindustry

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Quote from: ictin on May 09, 2013, 08:54:50 AM

Well, i am willing to participate in this project and spare a few hours a week. I don't have much time but i want to see a new coin on the market, and not simply forks of litecoin. I liked the idea of the novacoin, to bad that the community didn't appreciate to it just value, but they jumped on featherclone, chinaclone and other clones. And adding a mini chain will be great. Now, in my opinion, no coin can really be used in the long time and because of the large blockchain.

hey mate thanks heaps ! - some one sees the logic here ++1

thanks for any help you can give ! : )

digitalindustry

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Quote from: thesnoo23 on May 09, 2013, 09:03:20 AM

Interesting. I like the mini blockchain idea, if it's feasible. The only question I have is what is the ultimate coin cap, if any, and how fast does the network churn out coins?

great question - we are going to work that out friend. primary problem is the Block chain but. we would want a , base of coin that is not too limited as we want accessibility but i'm totally open for suggestion , and one obviously would want as fast as trans time as possible - with out problems - but some of that will be BC defined. i'd say .

digitalindustry

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Quote from: mkmen on May 09, 2013, 08:42:26 AM

My question is, why are you trying to do something you can't do by yourself?
All you have is name, logo and bunch of stolen ideas for your coin.
I don't see any personal input from yourself.
And should I even mention "Reserve amount to be mined and marked in a "special" way"? Grin

thanks for the Question ?

Because i have a way to make the idea become more than a pump and dump directed off of this forum, my input is ~~more~~ (edit that) as valuable as the code, you can't understand that , but that's ok, why don't you run a long a design a super complex code and release it on usenet and see how much market penetration it gets?

the reserve is to be fleshed out , i want it held public in some way , you poor guy , you need to read.

anyhow thanks for the feedback !

thesnoo23

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Interesting. I like the mini blockchain idea, if it's feasible. The only question I have is what is the ultimate coin cap, if any, and how fast does the network churn out coins?

ictin

full member

Activity: 258

Merit: 100

Look ARROUND!

Well, i am willing to participate in this project and spare a few hours a week. I don't have much time but i want to see a new coin on the market, and not simply forks of litecoin. I liked the idea of the novacoin, to bad that the community didn't appreciate to it just value, but they jumped on featherclone, chinaclone and other clones. And adding a mini chain will be great. Now, in my opinion, no coin can really be used in the long time and because of the large blockchain.

mkmen

full member

Activity: 157

Merit: 100

My question is, why are you trying to do something you can't do by yourself?
All you have is name, logo and bunch of stolen ideas for your coin.
I don't see any personal input from yourself.
And should I even mention "Reserve amount to be mined and marked in a "special" way"? Grin

digitalindustry

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a little quite isn't it?

well all the Pump Dump fake accounts and transactions ,and the Pay off the exchange with the pre-mined blocks is going to do is hurt the exchanges in the long run .

if they pump more "alts" onto the exchange people are going to start saying "this exchange will host anything?" and the overall confidence of the exchange will go down.

if one exchange continues to host them, then it will start to be viewed as a "Pump Dump exchange of scammers"

so I'm happy to let that roll , I'm in no hurry

; D

again the market will sort that out.

Balthazar

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digitalindustry

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Quote from: Balthazar on May 09, 2013, 05:54:23 AM

It seems that some guy already used the "Royal Coin" name for his own purposes. Roll Eyes

ha ha ! (i hope you are joking? ) (right?)

if you go back up top lol Balthazar - that's why i said i was "talking" to you ha ha (you are still a genius but, so don't stress) We just seem to have a little tiny communication breakdown.

you misunderstand friend.

I'm not going to call this design "Royal coin" ha ha and if you are joking you Have a good sense of humor.

what do you think of the Bitfreak! idea , for the BC ?

Balthazar

legendary

Activity: 3108

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It seems that some guy already used the "Royal Coin" name for his own purposes. Roll Eyes

Topic: [ANN] - A New design based on NVC PoW+PoS and incorporating the Mini-blockchain. - page 2. (Read 3668 times)