Topic: [ANN][0.8.6] Hirocoin - X11 - NGW - Secured Blockchain - Time Warp Limitation - page 47. (Read 271652 times)

1. In ~1.6 years the supply will be 336 million coins.
2. At that point the block reward will be reduced to 200 coins per block.

As stated we will not change the inflation model. Hirocoin is not just about market value, besides there is still plenty of room for price increase even at the current rates.

There will be demand for non-Scrypt coins and we will fill that demand. Adaptive-N is not protected against ASIC and I believe they use Salsa 20/8 which has been broken by differential analysis so you will see Scrypt ASICs that do not even need memory onboard nullifying the safeguard that adaptive N promises. The safest place from ASICs is currently X11. It will take a while but at some point this will be realised. If you are focused on price then that would probably be our moment for a major market cap increase.

do you mean the following:

1. around 320 million in 1.6 years
2. after that, it will be havled and supply will be limited?


I know ppl insist on original design, but i do think minor change of this coin will dramatically raise its value.

Actually people are paying a lot of attention to HIRO. If we are doing some adaptation, we will catch up some forerunner!

We do not change our inflation model, but we can halve the hard cap, lets say 640 million to 150 million, and around half of hard cap, say 80 million can be mined in 1.6 years or so.

If we can do so, i do believe we can be a game changer in X11 algro.

I hope i clarify myself clearly.

Thanks.

Do you mean turn it into BlackCoin? Lol?

But I do agree, maybe the total supply should be lowered.

Hirocoin was launched with its current inflation model, people are buying it at the current inflation model that we presume they know and understand. What we will never do is change our inflation model. My advice is to be wary of developers who change such a thing to try and increase price, they are changing something that should be protected and are probably too focused on the price. Besides, half the coin supply will be minted in just ~1.6 years after which it will half which is a relatively short time so there is you reduced supply The entire supply of coins should be minted in around ~52 years and the last coin reward should be around 0.00000672 Hirocoin a block at which point people will mine for the transaction fees more than the block reward.

Anyone want a large copy of the new logo?



I will replace the image in the client release the updated version.

Apropos of nothing, yesterday I purchased a copy of WinRar, I'm positive this is the test to get into Heaven.

Please consider the coin caps.

Hiro can be a big thing if the supply is limited!

What bad English ?

Please excuse my bad enlgish y'all

FLT went from 2billion coins to 200million a 1800mill decrease and now look how much of a hit it is!

If HIC went from 640million to 64million!! with pos! android wallet, all think of the possibities. people would have a real world use while earning interest

Thanks for your feedback about the total coin supply, definitely something to talk about. There's a thread in our think tank sub forum : https://www.hirocoin.org/forum/index.php?topic=113.0

+1 Forging the community is the main thing, and we need all the peps we can

You are bolder than me!

I am with you!!!!!!!!

The total amt should be dropped to 100mill or less to let this coin succeed with a multipool and if a pos can be installed then its good 1% interest

Greetings Dev,

I noticed great things happen last few days, and i also expecting more coming.

One thing i am concerned about is that we produce too much coin in short time.

640 million in 1.6 years scare ppl off.

Do you think if it is possible to reduce the reward? and make total amount around 300 million something?

then with innovation in our algro, this coin will take off soon

I think only thing scare ppl off is the total amount: 640 million in 1.5 year.

If we can manage to drop it to 300million, i think it will take off soon.

Yes, network hashrate has risen by 1.5 Gh/s today.

Damn, diff must be rising alot cause i get 50% less coins per block today then before... ow well, still going strong so I'll continue mining this for sure for a while longer and keep my coins safe and well in my wallet

To anyone who might have missed it before, here's Hironews Issue #2 !

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And here it is, slightly delayed :  the second edition of Hironews. The aim of this newsletter is to keep you informed of all that's going on in the wonderful world of Hirocoin. Hironews will be released every two weeks.

We love this logo because it expresses what we stand for, and it's very easy on the eyes.  
Open, friendly, professional and secure. It's simple and easy to recognise. The color green symbolizes growth.
And the logo has a Japanese vibe to it, which resonates with the name Hiro.

Congrats to Basun, who has won 36,000 Hirocoin with his winning submission.

Now that we have our new logo, we're ready to have a nice video made by a very talented artist. He's made promotional videos that we are very impressed with.




The recent addition of NGW ( Nite’s Gravity Well )  is a prime example of this. NGW is cutting edge. It does a great job in mitigating a major vulnerability in KGW. Nite's fix limits the most extreme changes in difficulty by a time warp attack possible. Here's how : What an attacker can do is generate a series of blocks with future time stamps with very little spacing between them. By doing so, the attacker can pump up difficulty by a massive amount. This fix sets a minimum for the space between these spammed blocks of 1 second where in the past it could have been 0.

In layman's terms, the fix further protects the network from malicious activity, safeguarding your investment.

Just a day after the Heartbleed attack was unveiled to the world, n00bsysop and Hiro have worked around the clock to remove this threat. Web comic XKCD made a great explanation on how Heartbleed works.





While Hiro enjoyed founding Hirocoin and getting the ball rolling, he’d rather focus on his passion : coding.  He has left strategic planning in the hands of Joerii. ( yes, the writer of this newsletter ).

What does this mean for you, distinguished reader ?  One thing is that the organization structure has changed, to make it easier and more inviting for new talent to join us.

Here's why Hirocoin is such a great community to join

We now have a “departments” part of the forum where you’ll find four departments and their objectives ( at the time of writing : work in progress ). Joining a team is open to everyone who agrees with our values of transparency, cooperation and ethical behaviour. Teams are coordinated by leaders who ensure that our short and long term objectives are met. Objectives come from  the Think Tank, the place where  researchers and dreamers meet to brainstorm about Hirocoin. Come join  one or multiple teams and grow Hirocoin into a digital currency built for the future !






Joerii and n00bsys0p  have decided to show their faces. It fits the new direction we’ve chosen to go in. We also think it’s good for Hirocoin’s image : we have nothing to hide and are available to anyone.

This does not mean that everyone has to do the same, but it will be required of all future  leaders in our community.

• The block explorer is now online.

 

• n00bsys0p has ported Abe to X11. That means that he added some code to Abe that allowed it to support X11 coins, and those changes have been added to the official release of Abe . For us non-techies : We have a nice block explorer now that works like a charm.

• A Hirocoin mining calc is about to be integrated into our site.

• You’ll see how many coins you can expect and how much those are worth in the fiat currency of your choice (many currencies can be supported).

• Jabber support is in the final stages of testing.

• Jabber is the original open instant messaging (IM) technology. You’ll be able to instantly join a channel with your forum login name, no extra registering required. Better looking and with more options then IRC, and you even get a custom "you AT jabber.hirocoin.org" Jabber ID you can add any of your Jabber friends to.

We’ve been blamed for not being more dramatic, for not making any promises and for not buying up our own coin to raise it’s price. For not releasing a new killer app every few days.

We don’t do these things because it’s against what we stand for. We follow an ethics based approach and strive to be 100% honest and transparent. Hirocoin will have to become more valuable on it’s own merit. Not only as a speculative vehicle, but as an actual means of payment and transfer of resources. And we’ll release a new feature when it’s done, or very close to it.

Marketing is part of this, manipulation and vaporware is not.

Our main objective is to become the next tier in digital currency. First there was SHA-256, then there was Scrypt, and now there’s X11. The valuable features of Hirocoin  and its super community will make it the premier X11 coin.

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Wow.... Great!