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Topic: [ANN] ZenithCoin (ZTC) Market Making Sustainable Crypto Currency - page 9. (Read 35781 times)

newbie
Activity: 52
Merit: 0
from http://www.zenithcoin.com/?p=31

Mining for the first 3 days will be performed by invitation only .
For the first 3 days, 98.9583333%% of all coins will go to mining.
As further incentive. Miner rewards will be 4 times  the normal subsidy amount. So instead of 24 coins per block, it will be 96 coins per block.
Please email [email protected] prior to June, 8th 2013 to reserve as spot. Please specify your platform on the email.
Binaries and mining coordinates will be provided in private to this select group on June 9th.

Who is gonna buy this premine scam?  Roll Eyes
sr. member
Activity: 294
Merit: 250
Hi, if any interested in current block genesis of this coin, I have updaded for linux clients here https://github.com/eagleeyee/ZenithCoin



Please stop creating a counterfeit blockchain.

The official clients cannot use this blockchain, so it is entirely worthless.


This is because probably your blockchain was  forked in some time after blockgenesis. Just delete block database and re-download the current above 10.000 blocks blockchain Wink.

regards.

You are entirely cluess.   None of the official clients will work with your fork.   Doesn't work that way,  you changed the source code.   Your blockchain is worthless.  Stop wasting your time and everyone's time with this charade.

No, it is working. Both clients are using the same block genesis created by yourself.

I just have fixed IRC, add qt dependencies, deactivated 50% funds and added checkpoints.

You can see here:
https://github.com/eagleeyee/ZenithCoin/commits/master

Sorry, dude... does not work even with same genesis.  You changed the source code,   now none of your mined block verify correctly.


Besides, a new block chain will be created on release.



   Go hack up your own coin.

It is working :
Code:
{
    "version" : 70200,
    "protocolversion" : 60002,
    "walletversion" : 60000,
    "balance" : "7836.00000000",
    "blocks" : 10278,
    "connections" : 10,
    "proxy" : "",
    "difficulty" : 0.06250000,
    "testnet" : false,
    "keypoololdest" : 1274404658,
    "keypoolsize" : 102,
    "paytxfee" : "0.00000000",
    "errors" : ""
}


You already created a block genesis, your block 0 2ad2fd149210469fb1c86c11e0ff6515eb08e297944694bef5031200ee8b1924

The 50% funds retained is an fascist idea, so this the reason for deactivating it.

If any interested in this coin, there is a thread there out with binaries and so.

Regards,


The blockchain that you have only works with clients that you have compiled.  Does not work with the official binaries.   Sorry,  but it only works in your own little island.   


Thanks for wasting energy.
hero member
Activity: 686
Merit: 500
Whoa, there are a lot of cats in this wall.
About chargebacks.

More like time constrained charge backs.

If some one sends 1 million coins, then there is a longer time to claim a charge back from someone who sent 1 coin.

Think more on the lines of two factor authentication.

Account A sends 1 million coins to account B.
Account B cannot claim account A funds until fixed time T.
If before fixed time T, account A cancels, then account B does not have access to transfer funds.

More like a time bound escrow.

What a disaster.

A sends 1 million coins to B.
A says, "I sent the coins!" 
B then sends product or other coins to A. 
A says, "hahaha chargeback beeyatch! Thanks solracx!"

full member
Activity: 182
Merit: 100
Hi, if any interested in current block genesis of this coin, I have updaded for linux clients here https://github.com/eagleeyee/ZenithCoin



Please stop creating a counterfeit blockchain.

The official clients cannot use this blockchain, so it is entirely worthless.


This is because probably your blockchain was  forked in some time after blockgenesis. Just delete block database and re-download the current above 10.000 blocks blockchain Wink.

regards.

You are entirely cluess.   None of the official clients will work with your fork.   Doesn't work that way,  you changed the source code.   Your blockchain is worthless.  Stop wasting your time and everyone's time with this charade.

No, it is working. Both clients are using the same block genesis created by yourself.

I just have fixed IRC, add qt dependencies, deactivated 50% funds and added checkpoints.

You can see here:
https://github.com/eagleeyee/ZenithCoin/commits/master

Sorry, dude... does not work even with same genesis.  You changed the source code,   now none of your mined block verify correctly.


Besides, a new block chain will be created on release.



   Go hack up your own coin.

It is working :
Code:
{
    "version" : 70200,
    "protocolversion" : 60002,
    "walletversion" : 60000,
    "balance" : "7836.00000000",
    "blocks" : 10278,
    "connections" : 10,
    "proxy" : "",
    "difficulty" : 0.06250000,
    "testnet" : false,
    "keypoololdest" : 1274404658,
    "keypoolsize" : 102,
    "paytxfee" : "0.00000000",
    "errors" : ""
}


You already created a block genesis, your block 0 2ad2fd149210469fb1c86c11e0ff6515eb08e297944694bef5031200ee8b1924

The 50% funds retained is an fascist idea, so this the reason for deactivating it.

If any interested in this coin, there is a thread there out with binaries and so.

Regards,
sr. member
Activity: 1500
Merit: 374
OMG how much scamcoins here Shocked
sr. member
Activity: 294
Merit: 250
Hi, if any interested in current block genesis of this coin, I have updaded for linux clients here https://github.com/eagleeyee/ZenithCoin



Please stop creating a counterfeit blockchain.

The official clients cannot use this blockchain, so it is entirely worthless.


This is because probably your blockchain was  forked in some time after blockgenesis. Just delete block database and re-download the current above 10.000 blocks blockchain Wink.

regards.

You are entirely cluess.   None of the official clients will work with your fork.   Doesn't work that way,  you changed the source code.   Your blockchain is worthless.  Stop wasting your time and everyone's time with this charade.

No, it is working. Both clients are using the same block genesis created by yourself.

I just have fixed IRC, add qt dependencies, deactivated 50% funds and added checkpoints.

You can see here:
https://github.com/eagleeyee/ZenithCoin/commits/master

Sorry, dude... does not work even with same genesis.  You changed the source code,   now none of your mined block verify correctly.


Besides, a new block chain will be created on release.



   Go hack up your own coin.
full member
Activity: 182
Merit: 100
Hi, if any interested in current block genesis of this coin, I have updaded for linux clients here https://github.com/eagleeyee/ZenithCoin



Please stop creating a counterfeit blockchain.

The official clients cannot use this blockchain, so it is entirely worthless.


This is because probably your blockchain was  forked in some time after blockgenesis. Just delete block database and re-download the current above 10.000 blocks blockchain Wink.

regards.

You are entirely cluess.   None of the official clients will work with your fork.   Doesn't work that way,  you changed the source code.   Your blockchain is worthless.  Stop wasting your time and everyone's time with this charade.

No, it is working. Both clients are using the same block genesis created by yourself.

I just have fixed IRC, add qt dependencies, deactivated 50% funds and added checkpoints.

You can see here:
https://github.com/eagleeyee/ZenithCoin/commits/master
sr. member
Activity: 294
Merit: 250
Hi, if any interested in current block genesis of this coin, I have updaded for linux clients here https://github.com/eagleeyee/ZenithCoin



Please stop creating a counterfeit blockchain.

The official clients cannot use this blockchain, so it is entirely worthless.


This is because probably your blockchain was  forked in some time after blockgenesis. Just delete block database and re-download the current above 10.000 blocks blockchain Wink.

regards.

You are entirely cluess.   None of the official clients will work with your fork.   Doesn't work that way,  you changed the source code.   Your blockchain is worthless.  Stop wasting your time and everyone's time with this charade.
full member
Activity: 182
Merit: 100
Hi, if any interested in current block genesis of this coin, I have updaded for linux clients here https://github.com/eagleeyee/ZenithCoin



Please stop creating a counterfeit blockchain.

The official clients cannot use this blockchain, so it is entirely worthless.


This is because probably your blockchain was  forked in some time after blockgenesis. Just delete block database and re-download the current above 10.000 blocks blockchain Wink.

regards.
sr. member
Activity: 294
Merit: 250
Hi, if any interested in current block genesis of this coin, I have updaded for linux clients here https://github.com/eagleeyee/ZenithCoin



Please stop creating a counterfeit blockchain.

The official clients cannot use this blockchain, so it is entirely worthless.
full member
Activity: 182
Merit: 100
Hi, if any interested in current block genesis of this coin, I have updaded for linux clients here https://github.com/eagleeyee/ZenithCoin

sr. member
Activity: 294
Merit: 250
About chargebacks.

More like time constrained charge backs.

If some one sends 1 million coins, then there is a longer time to claim a charge back from someone who sent 1 coin.

Think more on the lines of two factor authentication.

Account A sends 1 million coins to account B.
Account B cannot claim account A funds until fixed time T.
If before fixed time T, account A cancels, then account B does not have access to transfer funds.

More like a time bound escrow.
member
Activity: 84
Merit: 10
What's not to like?

  • The 50% premium paid to the developer
  • Chargebacks.


^^^^^^^ THIS!

People MIGHT( and I stress the MIGHT) be okay with paying a dividend if there was an open, transparent vibe about it. All you've said is "it's a good thing, why not?".

If you had a way to show where the money was going, have it be completely visible about when money comes and goes, had a plan how said money would actually help the coin grow long term, then MAAAAYYYYBBEEEE people would be okay with it.

The way things look, nothing close to innovation has been accomplished here.


And Chargebacks, WTF were you smoking when that sounded like a good idea? No, no, and no. This has disaster written all over it. Instead of chargebacks, educate your coin users about fraud prevention. I really can't imagine a situation where you'd need a chargeback if you'd started smart using escrow, etc.

Please explain why you think chargebacks on a digital currency are a good idea, I'm honestly curious as to why you think this is a good thing.
~richgene
hero member
Activity: 630
Merit: 502
What's not to like?

  • The 50% premium paid to the developer
  • Chargebacks.
sr. member
Activity: 294
Merit: 250
I know I wouldn't waste my time and electricity mining a coin that intends to give 21 million coins to the developer for nothing aside from changing a few variables in a litecoin fork. A 50% premium to the developer is nothing but greed.

Lol. Up until a couple of weeks ago Solacx was heavily against alt currency clones, and was bashing all the new releases in the btc-e trollbox. That all changed when he had a 'brainwave' and thought he could get rich by cloning Freicoin and awarding himself half the coins.

Only a few of the alt-coin makes any sense from a financial perspective.

Where's the stewardship of other alt-coins?  See this article on pump and dump coins: http://www.legitcoinage.com/?p=27

I like Freicoin, there is stewardship there.   This, is a variation of Freicoin,  no demurrage, scrypt based, number of coins twice that of Bitcoin and confirmation speed like Litecoin.

What's not to like?
legendary
Activity: 1344
Merit: 1001
I know I wouldn't waste my time and electricity mining a coin that intends to give 21 million coins to the developer for nothing aside from changing a few variables in a litecoin fork. A 50% premium to the developer is nothing but greed.

Lol. Up until a couple of weeks ago Solacx was heavily against alt currency clones, and was bashing all the new releases in the btc-e trollbox. That all changed when he had a 'brainwave' and thought he could get rich by cloning Freicoin and awarding himself half the coins.
hero member
Activity: 630
Merit: 502
I know I wouldn't waste my time and electricity mining a coin that intends to give 21 million coins to the developer for nothing aside from changing a few variables in a litecoin fork. A 50% premium to the developer is nothing but greed.
sr. member
Activity: 338
Merit: 250
Why will anyone trust you with 50% of the coins, given the incompetence you have all ready shown?
sr. member
Activity: 294
Merit: 250

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.   


"They"?

I never tried to sell or sold a ZTC, I have 534 blocks and 10 from the giveaway.

You are trying to launch a coin with a 50% pre-mine and call it "corporate equity". Miners call it a "corporate scam".

I'm trying to warn people against this, untill you change that.

Eagleeye has a thread in bitcointalk where he is trying to pawn off these counterfeit ZTC.   He even has a giveaway thread.

The coin does not have a 50% pre-mine,  that is like equivalent in saying devcoin has a 90% pre-mine and freicoin has a 80% pre-mine.   Use proper terminology.

This 50% subsidy is spelled out explicitly on www.zenithcoin.com.    If miners do not like the terms, then they should not bother to mine.  That is pretty clear.

The coin is designed to have conservative parameters,  2.5 minute confirms (not 15 seconds that creates too many orphans and has network issues),  24 coins per block (not 200 that overly dilutes the coin),  9 block retarget (no issues like FTC and CNC), 42 million coins (not 800 million), no instamine (not 1.6 million coins in 2 hours).

The proposition is simple,  accept a 50% share in profits for a better maintained coin.  Otherwise, you cain go invest in FTC, CNC and the like that have absolutely no future.
legendary
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

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.   


"They"?

I never tried to sell or sold a ZTC, I have 534 blocks and 10 from the giveaway.

You are trying to launch a coin with a 50% pre-mine and call it "corporate equity". Miners call it a "corporate scam".

I'm trying to warn people against this, untill you change that.
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