when dev is online i hope he can elaborate on his tech
What tech? It is just another branch of bitcoin with crappy POS (use your imagination here). I don't see how their POS is innovative in any way. Maybe the dev can enlighten us?
Topic: [ANN] BitBean | Innovative PoS | Scalability | No IPO | No premine - page 39. (Read 75533 times)
February 16, 2015, 10:37:09 AM
What tech? It is just another branch of bitcoin with crappy POS (use your imagination here). I don't see how their POS is innovative in any way. Maybe the dev can enlighten us?
February 16, 2015, 10:09:19 AM
when dev is online i hope he can elaborate on his tech
February 16, 2015, 10:07:35 AM
Can anyone tell me if I did my math correct. We should be about 18-19 hours until POW is over? Or am I not taking POS blocks into account?
About Bitbean's Proof of Work phase:
SHA-256 asic mining is energy efficient so it was chosen as the algorithm for the pow period.
After it's initial distribution of 10000 blocks containing 100000 coins each to people mining all around the world, Bitbean becomes a pure proof of stake coin. PoS was active during PoW so about a third of those 10000 blocks were proof of stake blocks so the money supply is less than 1 billion.
Proof of Work is a great way to distribute coins to people. It is better than making an IPO where almost always the developers and insiders buy all the coins from them selfs making them essentially massively premined coins. Bitbean had no premine or IPO at all!
haha cant wait! 50 stat this week? yup
February 16, 2015, 10:01:33 AM
Thanks for the POW. It was a nice little haul. 
February 16, 2015, 09:59:10 AM
whats so good about this POS
February 16, 2015, 09:55:13 AM
Can anyone tell me if I did my math correct. We should be about 18-19 hours until POW is over? Or am I not taking POS blocks into account?
About Bitbean's Proof of Work phase:
SHA-256 asic mining is energy efficient so it was chosen as the algorithm for the pow period.
After it's initial distribution of 10000 blocks containing 100000 coins each to people mining all around the world, Bitbean becomes a pure proof of stake coin. PoS was active during PoW so about a third of those 10000 blocks were proof of stake blocks so the money supply is less than 1 billion.
Proof of Work is a great way to distribute coins to people. It is better than making an IPO where almost always the developers and insiders buy all the coins from them selfs making them essentially massively premined coins. Bitbean had no premine or IPO at all!
February 16, 2015, 09:30:15 AM
Cool beans! 
February 16, 2015, 09:28:20 AM
Can anyone tell me if I did my math correct. We should be about 18-19 hours until POW is over? Or am I not taking POS blocks into account?
February 16, 2015, 09:28:02 AM
February 16, 2015, 09:26:35 AM
February 16, 2015, 09:26:20 AM
eat enough beans = rocket
February 16, 2015, 09:26:08 AM
Beans.
February 16, 2015, 09:25:17 AM
rocket??
February 16, 2015, 09:24:54 AM
bitbean lol
February 16, 2015, 09:13:52 AM
wow what an active thread! i love it...just picked some up this could be HUGE
February 16, 2015, 09:12:12 AM
https://bitb.coin-miners.info/ i just opened a pool , yeah to late 
but lets spread some love to coinminers to
but lets spread some love to coinminers to February 16, 2015, 08:19:43 AM
what is so unique about this coin.
No IPO, No Premine, Innovative POS and probably more coming, keep an eye on this thread.. Its been only 3 days so we dont know much what dev is planning, keep checking bro with the level of coins here 3 sats is where it should sit until we get more info on plans. current plans not enough watching and waiting
Let me guess, you just randomly pulled that number out of your ass?
$3000 mrkt cap, okay bud.
Shhh 3 sat is ok, we will buy muuuuch more
What do I know.
February 16, 2015, 08:17:51 AM
what is so unique about this coin.
No IPO, No Premine, Innovative POS and probably more coming, keep an eye on this thread.. Its been only 3 days so we dont know much what dev is planning, keep checking bro with the level of coins here 3 sats is where it should sit until we get more info on plans. current plans not enough watching and waiting
Let me guess, you just randomly pulled that number out of your ass?
$3000 mrkt cap, okay bud.
Shhh 3 sat is ok, we will buy muuuuch more
February 16, 2015, 08:14:33 AM
it will be POS only by teatime
February 16, 2015, 08:11:08 AM
what is so unique about this coin.
No IPO, No Premine, Innovative POS and probably more coming, keep an eye on this thread.. Its been only 3 days so we dont know much what dev is planning, keep checking bro with the level of coins here 3 sats is where it should sit until we get more info on plans. current plans not enough watching and waiting
Let me guess, you just randomly pulled that number out of your ass?
$3000 mrkt cap, okay bud.
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