Topic: [ANN] ZenithCoin (ZTC) Market Making Sustainable Crypto Currency - page 11. (Read 35767 times)

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

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

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

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

solracx

sr. member

Activity: 294

Merit: 250

Quote from: com911 on June 05, 2013, 10:21:35 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.

solracx

sr. member

Activity: 294

Merit: 250

LOL. It is not good to hijack coin from the developer. Grin

Because coin without active developer is dead "a priori".

Agree, not sure why folks are still pushing this hijack idea.

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

Quote from: solracx on June 05, 2013, 10:38:04 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 and fail too

dellstreakone

full member

Activity: 156

Merit: 100

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

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

m3ta

sr. member

Activity: 435

Merit: 250

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.

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

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

Quote from: MaGNeT on June 05, 2013, 10:31:07 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'm mining PhenixCoin atm, so I already stopped mining

I mined 534 blocks and got 10 for free in a giveaway.
And if you doubt the binary, compile and launch your own binary. I will run it in sandbox again and scan it anyway.

If you didn't want a launch, why did you release the source, create a genesis block and state the launch is at the first of june?

It's not that I worry about my 3 hours of mining and 534 lousy blocks that will never be worth a penny because of all the crapcoins that are launched atm.
It's the fact that you made a mistake by stating an already passed date, release the chain to public and then say "oh sorry, mistake, start over!".

Imagine if Satoshi would do that with Bitcoin...

solracx

sr. member

Activity: 294

Merit: 250

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.

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

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.

solracx

sr. member

Activity: 294

Merit: 250