Topic: [ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept - page 157. (Read 382879 times)

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To elaborate on this idea, what about a pool bet?  Everyone puts in 5 PMC (or however much, must be the same for everyone) to an address (Dev or someone trustworthy), comments a ranking in the transaction, posts their ranking guess and transaction number (guess stored and verifiable), on 03/22/2014 at 3:00 PM Pacific Standard Time (or whenever) www.coinmarketcap.com is screenshot and winners are paid the pot (distributed evenly since everyone put in the same 5 PMC).  A Google Spreadsheet could also be setup to track everyone's guesses.  And since the ranking guess will be stored in the transaction, there is no need to worry about someone editing their post to say they had the correct guess.

I tip this coin to be #30 on coinmarketcap in exactly 30 days.

What happened to the Premine faucet?  
My "earnings" are still there - didn't dispensed them!!  

I'm really not the betting type, but I'd place a friendly wager saying it will be over #30 on day 30. If you want to match it for exactly #30 on March 22 2014
5 PMC

I'm really not the betting type, but I'd place a friendly wager saying it will be over #30 on day 30. If you want to match it for exactly #30 on March 22 2014

5 PMC

I smell a bet

I'm going to quote you on this.

We will discuss this in exactly 30 days.

I tip this coin to be #30 on coinmarketcap in exactly 30 days.

Here is my meme, hopefully a little more classy

I could probably do with investing a BTC or two into a sense of humour, it could be said  

PMC is an excellent idea. To fast-forward the BTC network and to investigate the value of mining for TX fees only. It is one of the few coins that I would consider to be serious, even if it did begin as an experiment. People have began to take notice and the coin has gathered some value as a result. As always, now there will be dreamers, market manipulators and shameless promoters. However, remembering the original intentions of the experiment I believe there is more value to be added by exposing the results of the following situations:

I fully agree with you on this. I'm 100% on board. That being said, a little humor doesn't hurt, and if people want to make a humorous post I'm all for it. Provided it isn't overdone it doesn't bother me. However, to those that may want to do so, please bear in mind that not everybody shares the same sense of humor, so again, don't over do it.

It will be interesting to see attacks against the network. 51%, diff bombs, etc and how it may differ from BTC if it continues to gather momentum, i.e. If it becomes a coin in it's own right: If the community wishes to impose change. For example: mandatory TX fees, difficulty retargeting, etc.. All things that may be discussed when BTC is nearly all mined.

As far as difficulty adjustments go, that is likely to be something we address sometime soon. Before making any drastic changes we will hold out and observe the working of the network at a higher capacity. That is one of the reasons that we have not enforced a min fee, we simply do not know what the price will be, and overcharging for fees can be just as bad, if not worse than undercharging. My theory for diff bombs is this: If the difficulty is run up too high, transactions will slow, and blocks will be much fuller. This will give massive rewards to the miners that hang around and mine. A unique feature of PMC is this: hash too fast and you waste money and electricity. Blocks come too fast, and they will all have 0 fees, hash too slow and the fees get larger, which makes mining more profitable. As long as the coin does not become completely hung, that is ok. Also bear in mind that we have on reserve several hundred GH/s that we have not even applied to the network. As for the dreaded 51% attack, I would expect the results to be identical to BTC, or any other coin for that matter.

The direction of the coin will always reflect the desires of the community, and you should always expect improvements to the coin in the future.

All said good observations, I do agree.

I could probably do with investing a BTC or two into a sense of humour, it could be said 

PMC is an excellent idea. To fast-forward the BTC network and to investigate the value of mining for TX fees only. It is one of the few coins that I would consider to be serious, even if it did begin as an experiment. People have began to take notice and the coin has gathered some value as a result. As always, now there will be dreamers, market manipulators and shameless promoters. However, remembering the original intentions of the experiment I believe there is more value to be added by exposing the results of the following situations:

It will be interesting to see attacks against the network. 51%, diff bombs, etc and how it may differ from BTC if it continues to gather momentum, i.e. If it becomes a coin in it's own right: If the community wishes to impose change. For example: mandatory TX fees, difficulty retargeting, etc.. All things that may be discussed when BTC is nearly all mined.

My 0.011 PMC 

Not especially I just think people value PMC on it's own merits rather than some meme. I understand it has had a positive for certain coins but I just think bolting one on now dilutes what PMC set out to try and achieve.