[ANN] ZenithCoin (ZTC) Market Making Sustainable Crypto Currency - page 10.

solracx

sr. member

Activity: 294

Merit: 250

Quote from: TheSwede75 on June 05, 2013, 08:22:11 PM

I love these threads. Op makes copy-paste coin and releases source and genesis block. Someone compiles windows client and starts mining. Op throws tantrum and calls them scammers and counters by changing network parameters and compiling new genesis block.

WTF you released an open source coin dude! How is someone else compiling windows qt (that you were incapable of) scamming? What a damn facepalm this entire sub forum is..

Lips sealed

these folks modified the source code to a completely incompatible chain.

the official code is not accepting the incompatible chain.

now he is sitting on the irc channel refusing to get out. the fix of course is easy, but these folks are just wasting people's time by playing these games.

the reason why I call them scammers is that they tried to pass off the modified version as the real thing and tried to sell counterfeit ZTC.

TheSwede75

full member

Activity: 224

Merit: 100

I love these threads. Op makes copy-paste coin and releases source and genesis block. Someone compiles windows client and starts mining. Op throws tantrum and calls them scammers and counters by changing network parameters and compiling new genesis block.

WTF you released an open source coin dude! How is someone else compiling windows qt (that you were incapable of) scamming? What a damn facepalm this entire sub forum is..

Lips sealed

solracx

sr. member

Activity: 294

Merit: 250

Quote from: MaGNeT on June 05, 2013, 02:14:12 PM

How does the majority feel about this?

- restart
- keep it going

?

If there is a large majority for a restart, I won't block it anymore.

But I still have to warn you for the "features" of this coin.
Chargeback = paypal coin.
And 50% to developer = scam.

You and your buddy eagleEye are squatting on our zenithcoin channel with a completely incompatible daemon.

The official daemons compiled from source will not accept your blocks. They are worthless from the point of view of the official binaries and distribution.

All you guys are doing is simply equivalent to a DDoS and preventing the zenithcoin network from testing.

Please stop wasting our time by jamming our network!

solracx

sr. member

Activity: 294

Merit: 250

Quote from: MaGNeT on June 05, 2013, 03:33:10 PM

Quote from: solracx on June 05, 2013, 03:31:05 PM

Quote from: MaGNeT on June 05, 2013, 02:14:12 PM

How does the majority feel about this?

- restart
- keep it going

?

If there is a large majority for a restart, I won't block it anymore.

But I still have to warn you for the "features" of this coin.
Chargeback = paypal coin.
And 50% to developer = scam.

Just to clarify, it is not going to be exactly the same a credit card chargeback. Rather, it will be something along the lines that if a wallet is stolen, then an owner has 24 hours to retrieve back the stolen contents.

www.zenithcoin.com FAQ explains the nature of this coin. It is similar to devcoin and freicoin, but with a bigger percentage going back to miners.

But how do you prove a wallet is stolen? I can claim my wallet is stolen and have my coins back too?... I think back-ups and security are your own responsibility.

A second confirmation is required for funds to transfer before a time t. Time t is calculated as a function of the size of the transaction. So for example, if someone took 1m coins without your consent, you may have 24 hours to clawback the transaction. If someone took .5, you may have 5 minutes to claw back the transaction.

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

Quote from: solracx on June 05, 2013, 03:31:05 PM

Quote from: MaGNeT on June 05, 2013, 02:14:12 PM

How does the majority feel about this?

- restart
- keep it going

?

If there is a large majority for a restart, I won't block it anymore.

But I still have to warn you for the "features" of this coin.
Chargeback = paypal coin.
And 50% to developer = scam.

Just to clarify, it is not going to be exactly the same a credit card chargeback. Rather, it will be something along the lines that if a wallet is stolen, then an owner has 24 hours to retrieve back the stolen contents.

www.zenithcoin.com FAQ explains the nature of this coin. It is similar to devcoin and freicoin, but with a bigger percentage going back to miners.

But how do you prove a wallet is stolen? I can claim my wallet is stolen and have my coins back too?... I think back-ups and security are your own responsibility.

solracx

sr. member

Activity: 294

Merit: 250

Quote from: MaGNeT on June 05, 2013, 02:14:12 PM

How does the majority feel about this?

- restart
- keep it going

?

If there is a large majority for a restart, I won't block it anymore.

But I still have to warn you for the "features" of this coin.
Chargeback = paypal coin.
And 50% to developer = scam.

Just to clarify, it is not going to be exactly the same a credit card chargeback. Rather, it will be something along the lines that if a wallet is stolen, then an owner has 24 hours to retrieve back the stolen contents.

www.zenithcoin.com FAQ explains the nature of this coin. It is similar to devcoin and freicoin, but with a bigger percentage going back to miners.

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

How does the majority feel about this?

- restart
- keep it going

?

If there is a large majority for a restart, I won't block it anymore.

But I still have to warn you for the "features" of this coin.
Chargeback = paypal coin.
And 50% to developer = scam.

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

Quote from: solracx on June 05, 2013, 01:58:28 PM

Quote from: MaGNeT on June 05, 2013, 01:36:37 PM

Quote from: solracx on June 05, 2013, 01:29:39 PM

Yes, the coin is working correctly. We had corrected the networking issues that we had previously.

The current roadmap for the coin is published here: http://www.zenithcoin.com/?page_id=8

If you miners had not made modifications on the source code, we would have been inclined to perform a staggered launch.

Anyway, water under the bridge.

Thanks for testing!

We will make official announcement for launch date and time soon.

Expect it to be over the weekend.

You have 2 options:

- stay at this release / chain and be a part of ZenithCoin
- release another coin, you are out

You can repeat "thanks for testing" but the only one who will be testing is you, if you try fly solo on this

You don't get it do you? You aren't in any position to dictate terms here. If you want to create another alt-coin with the test coins you mined, then go ahead.

if you can't wait for the official mining to start, spend your time mining other coins.

We will see...

solracx

sr. member

Activity: 294

Merit: 250

Quote from: MaGNeT on June 05, 2013, 01:36:37 PM

Quote from: solracx on June 05, 2013, 01:29:39 PM

Yes, the coin is working correctly. We had corrected the networking issues that we had previously.

The current roadmap for the coin is published here: http://www.zenithcoin.com/?page_id=8

If you miners had not made modifications on the source code, we would have been inclined to perform a staggered launch.

Anyway, water under the bridge.

Thanks for testing!

We will make official announcement for launch date and time soon.

Expect it to be over the weekend.

You have 2 options:

- stay at this release / chain and be a part of ZenithCoin
- release another coin, you are out

You can repeat "thanks for testing" but the only one who will be testing is you, if you try fly solo on this

You don't get it do you? You aren't in any position to dictate terms here. If you want to create another alt-coin with the test coins you mined, then go ahead.

if you can't wait for the official mining to start, spend your time mining other coins.

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

Quote from: solracx on June 05, 2013, 01:29:39 PM

Yes, the coin is working correctly. We had corrected the networking issues that we had previously.

The current roadmap for the coin is published here: http://www.zenithcoin.com/?page_id=8

If you miners had not made modifications on the source code, we would have been inclined to perform a staggered launch.

Anyway, water under the bridge.

Thanks for testing!

We will make official announcement for launch date and time soon.

Expect it to be over the weekend.

You have 2 options:

- stay at this release / chain and be a part of ZenithCoin
- release another coin, you are out

You can repeat "thanks for testing" but the only one who will be testing is you, if you try fly solo on this

solracx

sr. member

Activity: 294

Merit: 250

Yes, the coin is working correctly. We had corrected the networking issues that we had previously.

The current roadmap for the coin is published here: http://www.zenithcoin.com/?page_id=8

If you miners had not made modifications on the source code, we would have been inclined to perform a staggered launch.

Anyway, water under the bridge.

Thanks for testing!

We will make official announcement for launch date and time soon.

Expect it to be over the weekend.

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

Quote from: solracx on June 05, 2013, 01:04:44 PM

Quote from: dellstreakone on June 05, 2013, 11:25:32 AM

So, is it a scandal ? i will call it "a scandal coin" Grin

No scandal here. Just a bunch of over zealous miners mining test coins and attempting to make a big deal about it.

Quote from: solracx on May 29, 2013, 08:35:21 PM

Launch Date June 1, 2013

http://www.zenithcoin.com

Like it on Facebook https://www.facebook.com/Zenithcoin

STATUS

7:57 AM EST - Currently generating genesis block for June 1st, 2013. Proof of work will be Litecoin compatible. Difficulty will start at 0.00024414.

Uhu, when you plan on not telling the complete truth, remove the evidence first

Besides that, you are not able to explain why you want to restart the coin.

It's working, people are mining it, it hashes away, you can still make adjustments in client updates, what's the problem?

And what do we have to expect from the "chargeback feature"?

solracx

sr. member

Activity: 294

Merit: 250

Quote from: dellstreakone on June 05, 2013, 11:25:32 AM

So, is it a scandal ? i will call it "a scandal coin" Grin

No scandal here. Just a bunch of over zealous miners mining test coins and attempting to make a big deal about it.

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

Quote from: dellstreakone on June 05, 2013, 11:25:32 AM

So, is it a scandal ? i will call it "a scandal coin" Grin

dellstreakone

full member

Activity: 156

Merit: 100

So, is it a scandal ? i will call it "a scandal coin" Grin

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

Quote from: solracx on June 05, 2013, 11:19:39 AM

Quote from: dellstreakone on June 05, 2013, 10:46:19 AM

Quote from: solracx on June 05, 2013, 10:38:04 AM

I got abouyt 2037 blocks >..< and you want to start it again ?

Yes, you should read the details about the coin prior to mining.

From your OP:

Quote

Launch Date June 1, 2013

http://www.zenithcoin.com

Like it on Facebook https://www.facebook.com/Zenithcoin

STATUS

7:57 AM EST - Currently generating genesis block for June 1st, 2013. Proof of work will be Litecoin compatible. Difficulty will start at 0.00024414.

I can read, so can others.
Can't even think of a reason why you want to restart, but you can't anyway.

richgene

member

Activity: 84

Merit: 10

Honestly you should just ride with the blockchain as it is now or start a new coin.

Just pick a different name, ZenithCoin isn't the end all name. Call it MoonCoin, instead of using the sun in your pictures. Talk about how the tides and crap and you've already got your sales pitch.

ZenithCoin will forever be tarnished.

~richgene

solracx

sr. member

Activity: 294

Merit: 250

Quote from: dellstreakone on June 05, 2013, 10:46:19 AM

Quote from: solracx on June 05, 2013, 10:38:04 AM

Quote from: MaGNeT on June 05, 2013, 10:31:07 AM

Quote from: solracx on June 05, 2013, 10:29:04 AM

Quote from: richgene on June 05, 2013, 10:22:19 AM

I feel like the hijacked launch would be more fair than trying to restart things.

Letting it ride shows you weren't trying to tune in your setup or planning a major stash or anything shady.

What are your reasons at this point for wanting to start it over?

~richgene

A launch that is perceived to be fair is in the best interest of this coin.

If some miners want to jump the line, well all I can say is that their coins aren't going to be valid if they tampered with the original source code.

You are not in control and/or relevant for this coin anymore; we took over.

Support this launch or start over with a new coin, it's your choice.

You and eagle should first pause your mining operations, allow us to verify the binary and we can negotiate if the coins you have already mined are to be made official.

I got abouyt 2037 blocks >..< and you want to start it again ?

Yes, you should read the details about the coin prior to mining.

solracx

sr. member

Activity: 294

Merit: 250

Quote from: MaGNeT on June 05, 2013, 11:12:31 AM

Quote from: solracx on June 05, 2013, 11:07:56 AM

Quote from: MaGNeT on June 05, 2013, 11:03:40 AM

Quote from: solracx on June 05, 2013, 10:58:10 AM

Quote from: MaGNeT on June 05, 2013, 10:54:04 AM

Quote from: m3ta on June 05, 2013, 10:43:06 AM

The site has some funny tidbits.

Quote

One may make a strong case that allocating 50% of shares to miners to be actually overly generous.

Indeed! Miners should also invite "devs" to have dinner at their house, donate some blood to them and, who knows, offer their sisters or wives (make that a AND instead of OR to those truly dedicated to the "cause") as "development donations".

Quote

Security will be built into the code to ensure an ability to charge back purchases within 24 hours. The main purpose of this mechanism is to prevent coins from being stolen.

Here we go - reverse chargebacks, the Pandora's box of crypto currencies.

That will be fun Cheesy

So if I pay you, and you pay another one, and that other one pays another one too and my first payment is charged back, will the other transactions be charged back too?

If they do: fail
If they don't: transfer coins to another wallet a few times

You will have to wait for the details of how this is to be done.

It will be removed from the coming hardfork

Enough of this 'hard fork' charade. Thank you for test mining ZenithCoin.

ZenithCois not at testnet, it's a live coin and you are no longer in charge and / or relevant for it.

You started it but can't stop it, that's the power of crypto currencies and the only reason people have trust in it

There are zero ZTC coins at the moment... All those coins are virtual and a figment of your imagination. It is just like those guys who tried to sell the BTC testnet coins.

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

Quote from: solracx on June 05, 2013, 11:07:56 AM

Quote from: MaGNeT on June 05, 2013, 11:03:40 AM

Quote from: solracx on June 05, 2013, 10:58:10 AM

Quote from: MaGNeT on June 05, 2013, 10:54:04 AM

Quote from: m3ta on June 05, 2013, 10:43:06 AM

The site has some funny tidbits.

Quote

One may make a strong case that allocating 50% of shares to miners to be actually overly generous.

Indeed! Miners should also invite "devs" to have dinner at their house, donate some blood to them and, who knows, offer their sisters or wives (make that a AND instead of OR to those truly dedicated to the "cause") as "development donations".

Quote

Security will be built into the code to ensure an ability to charge back purchases within 24 hours. The main purpose of this mechanism is to prevent coins from being stolen.

Here we go - reverse chargebacks, the Pandora's box of crypto currencies.

That will be fun Cheesy

So if I pay you, and you pay another one, and that other one pays another one too and my first payment is charged back, will the other transactions be charged back too?

If they do: fail
If they don't: transfer coins to another wallet a few times

You will have to wait for the details of how this is to be done.

It will be removed from the coming hardfork

Enough of this 'hard fork' charade. Thank you for test mining ZenithCoin.

ZenithCois not at testnet, it's a live coin and you are no longer in charge and / or relevant for it.

You started it but can't stop it, that's the power of crypto currencies and the only reason people have trust in it

Topic: [ANN] ZenithCoin (ZTC) Market Making Sustainable Crypto Currency - page 10. (Read 35767 times)