[ANN][INL] IntelliCoin | PoW~PoS Hybrid | Revival 19/9/14 - page 3.

Valzador

hero member

Activity: 1316

Merit: 503

Quote from: luckydag on September 15, 2014, 06:06:22 AM

my suggestion is hash with Deephash algo, ruled out multipool and instamine. and better setup a P2P pool first . let int be a pure and fair GPU and CPU coin.

check deepcoin algo here : https://bitcointalksearch.org/topic/anndcn-deepcoin-secure-hashing-cpugpu-new-algo-no-premine-no-ipo-pow-667470

Yea, I will be hosting an official pool for the coin (p2pool). Other pools will have to advertise somewhere else (sorry but I don't like risking a 51% attack like last time). Deepcoin didn't release their python hash module so I don't think I could create a p2pool and X11 has a lot of votes right now so that's what I think i'm going to go with.

Quote from: Vandalay23 on September 15, 2014, 06:16:24 AM

The last supply will be only 10% ? Do I understand right?
Just create a new coin... why use INT for that?

Only 10 coins per block.

40% premine to cover the redistribution.

We're using INT because we want to bring it back to life, however we may need to change a lot of it's features.

Vandalay23

sr. member

Activity: 341

Merit: 250

The last supply will be only 10% ? Do I understand right?
Just create a new coin... why use INT for that?

Quote from: Valzador on September 15, 2014, 02:40:36 AM

Quote from: cyberspacemonkey on September 15, 2014, 12:27:58 AM

Quote from: Valzador on September 15, 2014, 12:06:23 AM

Quote from: cyberspacemonkey on September 14, 2014, 10:23:12 PM

Quote from: Valzador on September 14, 2014, 07:05:33 PM

I think it is mandatory for us to hardfork Intellicoin and relaunch it with a premine to redistribute.

Reasons:

All Intellicoin Pools are down.
According to my wallet net hash/s is: 0
There is a HIGH risk of a 51% attack.
There is also a HIGH risk of a fork made by farms.

Why a PoW phase? Like, what's the point?why not just leave it as pure Pos?

I'm afraid the community isn't big enough nor holds enough coins to keep the chain in sync from stake only.

The PoW phase is a sort of a backup sync function. The reward will only be 10 Coins per block.

I see. Makes sense. and if it's only 10 coins per block that's even better.
Now how about the people who are currently holding INT? will a completely new blockchain be created and the current INT units will be worthless? or how is that going to work?

As stated in the specifications there will be a 10% premine that will cover the existing 8 million coins (according to my intellicoin daemon) as well as some extra that might go towards an IPO to help develop the coin.

Things we need funds for:

Icon and Graphics
Original Intellicoin Applications
Nodes

luckydag

sr. member

Activity: 742

Merit: 260

my suggestion is hash with Deephash algo, ruled out multipool and instamine. and better setup a P2P pool first . let int be a pure and fair GPU and CPU coin.

check deepcoin algo here : https://bitcointalksearch.org/topic/anndcn-deepcoin-secure-hashing-cpugpu-new-algo-no-premine-no-ipo-pow-667470

Valzador

hero member

Activity: 1316

Merit: 503

Quote from: cyberspacemonkey on September 15, 2014, 12:27:58 AM

Quote from: Valzador on September 15, 2014, 12:06:23 AM

Quote from: cyberspacemonkey on September 14, 2014, 10:23:12 PM

Quote from: Valzador on September 14, 2014, 07:05:33 PM

I think it is mandatory for us to hardfork Intellicoin and relaunch it with a premine to redistribute.

Reasons:

All Intellicoin Pools are down.
According to my wallet net hash/s is: 0
There is a HIGH risk of a 51% attack.
There is also a HIGH risk of a fork made by farms.

Why a PoW phase? Like, what's the point?why not just leave it as pure Pos?

I'm afraid the community isn't big enough nor holds enough coins to keep the chain in sync from stake only.

The PoW phase is a sort of a backup sync function. The reward will only be 10 Coins per block.

I see. Makes sense. and if it's only 10 coins per block that's even better.
Now how about the people who are currently holding INT? will a completely new blockchain be created and the current INT units will be worthless? or how is that going to work?

As stated in the specifications there will be a 10% premine that will cover the existing 8 million coins (according to my intellicoin daemon) as well as some extra that might go towards an IPO to help develop the coin.

Things we need funds for:

Icon and Graphics
Original Intellicoin Applications
Nodes

cyberspacemonkey

legendary

Activity: 1288

Merit: 1002

Quote from: Valzador on September 15, 2014, 12:06:23 AM

Quote from: cyberspacemonkey on September 14, 2014, 10:23:12 PM

Quote from: Valzador on September 14, 2014, 07:05:33 PM

I think it is mandatory for us to hardfork Intellicoin and relaunch it with a premine to redistribute.

Reasons:

All Intellicoin Pools are down.
According to my wallet net hash/s is: 0
There is a HIGH risk of a 51% attack.
There is also a HIGH risk of a fork made by farms.

Why a PoW phase? Like, what's the point?why not just leave it as pure Pos?

I'm afraid the community isn't big enough nor holds enough coins to keep the chain in sync from stake only.

The PoW phase is a sort of a backup sync function. The reward will only be 10 Coins per block.

I see. Makes sense. and if it's only 10 coins per block that's even better.
Now how about the people who are currently holding INT? will a completely new blockchain be created and the current INT units will be worthless? or how is that going to work?

Valzador

hero member

Activity: 1316

Merit: 503

Quote from: cyberspacemonkey on September 14, 2014, 10:23:12 PM

Quote from: Valzador on September 14, 2014, 07:05:33 PM

I think it is mandatory for us to hardfork Intellicoin and relaunch it with a premine to redistribute.

Reasons:

All Intellicoin Pools are down.
According to my wallet net hash/s is: 0
There is a HIGH risk of a 51% attack.
There is also a HIGH risk of a fork made by farms.

Why a PoW phase? Like, what's the point?why not just leave it as pure Pos?

I'm afraid the community isn't big enough nor holds enough coins to keep the chain in sync from stake only.

The PoW phase is a sort of a backup sync function. The reward will only be 10 Coins per block.

cyberspacemonkey

legendary

Activity: 1288

Merit: 1002

Quote from: Valzador on September 14, 2014, 07:05:33 PM

I think it is mandatory for us to hardfork Intellicoin and relaunch it with a premine to redistribute.

Reasons:

All Intellicoin Pools are down.
According to my wallet net hash/s is: 0
There is a HIGH risk of a 51% attack.
There is also a HIGH risk of a fork made by farms.

Why a PoW phase? Like, what's the point?why not just leave it as pure Pos?

Valzador

hero member

Activity: 1316

Merit: 503

Please vote what algorithm you want the coin to be.

Valzador

hero member

Activity: 1316

Merit: 503

I think it is mandatory for us to hardfork Intellicoin and relaunch it with a premine to redistribute.

Reasons:

All Intellicoin Pools are down.
According to my wallet net hash/s is: 0
There is a HIGH risk of a 51% attack.
There is also a HIGH risk of a fork made by farms.

Valzador

hero member

Activity: 1316

Merit: 503

Please help support this coin by donating:

BTC1FZQbeh1vpuJFzn68YsS1L9DapsA63P77U

No coins will be removed from this address unless there is a proper purpose, which will be announced on this thread.

We might need to have a Logo competition.

Valzador

hero member

Activity: 1316

Merit: 503

Quote from: ayminer on September 14, 2014, 04:46:26 AM

Quote from: Bitcrea on September 14, 2014, 03:47:57 AM

If you want to talk about purchasing the logo at discounted price, please PM me.

However, @Bitcrea, you would have to show proof that you made this logo

BitCrea was the designer behind the logo, I am currently working out a deal with him. Wink

ayminer

newbie

Activity: 56

Merit: 0

Quote from: Bitcrea on September 14, 2014, 03:47:57 AM

If you want to talk about purchasing the logo at discounted price, please PM me.

I believe this could fly. The committee could contribute towards this.

However, @Bitcrea, you would have to show proof that you made this logo

Bitcrea

sr. member

Activity: 406

Merit: 250

Bitcrea.com

Please remove the logo and other graphics because it hasn't been fully paid for it. If you want to talk about purchasing the logo at discounted price, please PM me.

Valzador

hero member

Activity: 1316

Merit: 503

Quote from: 22MCoin on September 13, 2014, 10:21:01 PM

another take over coin?any new features?

There were some features that the dev never released, so we'll be trying to make them.

22MCoin

full member

Activity: 228

Merit: 100

another take over coin?any new features?

Valzador

hero member

Activity: 1316

Merit: 503

Quote from: ?? on ??

Quote from: Valzador on September 13, 2014, 10:02:27 PM

Quote from: ?? on ??

What's new?

It's a community takeover, the coin was existent before. https://bitcointalk.org/index.php?topic=720292.1780

To MODs, please delete the last thread, I couldn't unlock it for some reason. Sad

Yes, I mean, what are the plans for the takeover?

We'll be attempting the projects they had in mind.

Valzador

hero member

Activity: 1316

Merit: 503

Quote from: ?? on ??

What's new?

It's a community takeover, the coin was existent before. https://bitcointalk.org/index.php?topic=720292.1780

To MODs, please delete the last thread, I couldn't unlock it for some reason. Sad

Valzador

hero member

Activity: 1316

Merit: 503

Intellicoin is a P2P Digital currency that provides a Secure, Flexible and Reliable payment System. It is designed with important specifications, and a thorough infrastructure that makes it a complete decentralized payment system. It is similar to Bitcoin, where the actual innovation brought was the platform(blockchain) over which the applications were developed. Our vision is to bring the best interface to the blockchain as the altcoin or the bitcoin world is going to rely more on the blockchain for all sorts of applications and developments. Intellicoin preserves the decentralization of bitcoins and be something completely different than only the currency system. We will be rebuilding the coin and redistribute the coins to previous INT owners. Left over coins will be sold in an IPO to help development of this coin.

Specifications

Abbreviation: INL
Algorithm : Please Vote for an algorithm
Total PoW Coins : 24 Million
Premine: 40% (10 Million for Redistribution)
Block Reward: 10 INT
POS Interest : 10%
Minimum Stake Age: 6 hours
Maximum Stake Age: 30 days
Confirmations: 6
Block Maturity: 60
Difficulty Retarget: Every 10 Blocks
Block Time: 60 seconds

Pools

Pools will be listed here after community takeover.

Exchanges

Updates

For solo mining please use the following configuration file:

Code:

server=1
daemon=1
listen=1
rpcallowip=127.0.0.1
rpcport=20255
p2port=21255

Translations:

Spanish Translation ( completed by cyberspacemonkey) ( TXID )
Chinese Translation ( completed by baby222) ( TXID )
Italian Translation ( completed by offish) ( TXID )
Russian Translation ( completed by mellon) ( TXID )
German Translation ( completed by exoton) ( TXID )
Portuguese Translation ( completed by Newguy1979 ) ( TXID )
Korean Translation ( completed by olafwani ) ( TXID )
French Translation ( completed by majningmaster ) ( TXID )

Topic: [ANN][INL] IntelliCoin | PoW~PoS Hybrid | Revival 19/9/14 - page 3. (Read 14020 times)