Topic: [ANN][MOON] Mooncoin: You know where it's headed! KGW exploit FIXED 4/3/2014 - page 18. (Read 1106906 times)

its already out?
https://github.com/mooncoin-project/mooncoin-landann

works well

Up to date wallet would be awesome sir. then make the new ann and start from there. this is looking great for mooncoin!

very interesting to have new thread with updated information and new wallet , so I agree
 

Thank you,
it's definitely more than 100 Mooncoins at another MOON faucet: http://cryptoguru.tk/Faucet/index.php?Currency=MOON.

You have to be logged in to view the direct link but it's http://cryptodatabase.net/faucet

The amount it gives is random and changes every 5 minutes.  The bare minimum you can earn is 200 MOON and the maximum amount is currently 1000 MOON. These numbers can be increased by 100% with referrals.

Do you have a direct link to your MOON faucet?
How many coins it gives away currently?

Earn up to 2k+ MOON hourly at our Mooncoin Faucet located at http://cryptodatabase.net

Steadily giving out MOON since 2014

Want to help keep the faucet running for even more years to come? Feel free to donate MOON to 2ReXBt2xQcTmFYiFnGZXnwDg5vnSjuq5uK

Do people agree that before starting a new thread,
we need to have an up-to-date wallet based on the latest Litecoin core
https://github.com/mooncoin-project updated in 2016 by Graham (http://minkiz.co) https://github.com/mooncoin-project/mooncoin-landann
that will not require adding nodes manually to get it synched?

Edit: sorry, not completely correct, currently a block reward is a 29531 MOON indeed, but

if you read an original code:
if (nHeight % 29531 == 0) {
                // a prize for ever lunar cycle
                nSubsidy = nSubsidy * 2;
        }

nHeight  is a current block
nSubsidy is a block reward
nSubsidy is 29531 Mooncoins currently

nHeight % 29531
% is a modulus operator or remainder operator,
if you had, say, 10 % 5 the answer would be 0 (10/5=2, remainder 0).
if 10 % 6 the answer would be 4 (10/6=1, remainder 4).

so if it is a block, say, 800 000,
800 000/29531=27, remainder =2663 so remainder is not = 0 and nSubsidy=nSubsidy=29531
but every 29531 block we have a result %29531=0,
for example, 767806/29531=26.000, 797337/29531=27.000, 826868/29531=28.000
which means that for these blocks (767806, 797337, 826868 etc with an interval of 29531 blocks) and ONLY for these blocks
the rewards are nSubsidy * 2 or 29531*2=59062.

That means that approximately one block per month gives miners a double reward and about 350,000 Mooncoins every year come from:

To prove that Mooncoin was really fair unlike many coins, even with a described above scheme of reward halving, there is one simple fact: first adopters couldn't gain a lot at the beginning simply because of when rewards were big, more miners were mining Mooncoin (during 2 days after a launch of Mooncoin people have posted ~2,000 posts  which indicates how many miners were active those days),
the author forgets that (if we speak about fairness and the first adopters) it matters how many Mooncoins ONE miner was and is able to mine and for which price he/she can/could sell it. The initial price of Mooncoin was 0.00000001 BTC and now it's not higher unlike Bitcoin's price (in 2009-2011 its price was $0.001-$1 and common people had no chance even to hear about Bitcoin, so first adopters were able to mine hundreds of thousands of bitcoins, no matter how block halving worked).
Quite the opposite, in late 2013, when Mooncoin was launched, almost everyone had heard already about Bitcoin and cryptocurrency from TV, Internet, so way more people had equal chances. The launch of Mooncoin was a pre-announced event, and many people were mining it (there was some mix-up at the beginning though).

Here is an interesting detailed independent investigation http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins into fairness of distribution/mining of many well-known coins.

The author says regarding Mooncoin: "This isn't a sneaky or hidden fastmine". At the same time he indicates that:
"The first reward halving goes from 2,000,000 for the first 100,000 blocks to 1,000,000 up to block 200,000. After that, the block reward begins to halve faster; at block 250,000 (600K Mooncoin), then block 300,000 (350K Mooncoin) and block 350,000 (175K Mooncoin). This shortens the block generation period in half, which quickens the rate of coin generation to a smaller amount. This process accelerates as block 375,000 ends a quick 25,000 block generation period of 100K Mooncoin. A mere 9,000 blocks, up to 384,000 blocks, brings about another block halving to 50K Mooncoin. After this, the rest of the coin generation is a tepid 29,531 Mooncoins per block.
Bitcoin's block halving is simple and slow. From 50 BTC per block, to 25 BTC, to 12.5 BTC, and to 6.25 BTC per block over 16 years. Mooncoin was started on December 30th, 2013. My March 26th there were 58 billion Mooncoin, which was about 15% of the total expected production. By May, there were 98 billion Mooncoins in existence, representing 25% of the total expected production".

There are also very interesting facts about Nxt, Dash (formerly Darkcoin) and other famous coins in the investigation. And it's interesting what would the author say about ICO coins which are popular these days?

No, an original dev is not in Foundation. We knew nothing about what happened to him. He had disappeared suddenly after reporting health problems in 2014.

Also we are not yet an established organization, some plans about registering in Italy, but no ETA yet. We were thinking this March about meeting offline at conference somewhere in Europe, but some members have voted against it. In fact we are just MOON investors,  every member of Foundation has more than 1 Billion of Mooncoins, many coins are at Cryptsy though, so we are trying to unite people to protect their rights and to help MOON, also to contribute to social and scientific progress a little (or maybe a lot - in future, who knows!) with a Mooncoin/Moonlite project, also we share philosophy of decentralization.

We discuss some questions via PMs, but everything important is appearing here, so no any "shady" discussions or making decisions, it's hard to believe maybe, but on here really YOU decide everything, you, who post here and own Mooncoins, if the most of Moonies say no Moonlite, there will be no Moonlite (as everything with truly decentralised nature depends on common people, if they don't use it, even a good idea will not work), if you say let's start a new thread, we will start a new thread (but first need to complete some Moonlite features). In June maybe, if people agree.

Edit: devs, any talented persons are welcome to come together and to consolidate their efforts, to take MOON to its full potential.
It's fair, it's not money oriented, it's a long term project.

@Mooncoin_Foundation Does anyone have access to modify the Original Post and Forum Title?  with MoonLite progressing it would be good to have an updated OP and title?  Or consider opening another thread?

The Moonlite Test Version description

What is Moonlite?
Moonlite is a decentralized operating system, based on Mooncoin blockchain, that runs SMART LIKES.
Users input commands at forum or on their websites, a Moonlite web crawler recognizes commands and processes them automatically.
An Unix Timestamp is being used to avoid double executing.

How Smart Likes work?
Do you like any project that contributes to scientific or social progress? You are able to "like" it with your moonlite and benefit from it, if other users "like" it, too. 1% of moonlite, with which you like a project, is donated automatically to a project you like. Since that moment only admins of the project (even if it is NASA) have an access to moonlite which you have donated to them, and they can use it as soon as they create a file mlsend.txt with a proper Moonlite command in a root directory of their project. But you are able to unlike a project whenever you want and to get your moonlite back (except 1% donated to a project) at a current rate (a smart likes rate) of the project you want to unlike. The rate depends on how many users like this project.

What is moonlite?
Moonlite bonuses (or moonlite, or briefly ML) is what you need as a necessary element for operating the Moonlite platform.
Every Moonlite bonus (or moonlite) is an intangible thing. It is a "like", an approval, a favor, a good wish, which you can send to a project or to an asset, which you like.

What do I need to start using Moonlite?
To input a command in your new post at Bitcointalk (as currently it is the official forum of Mooncoin users).
 
Is it safe?
Yes. You don't need to install any additional soft. Moonlite is not for sale, you cannot buy it. It is a safe mode now, a test period.

Edit: the information above is OUTDATED.

Mooncoin (MOON) has been added to @Cointopay online wallet, System crypto payment #altcoin #cryptocurency

https://cointopay.com/index.jsp

 

Good to know about this. Having a total supply of a billion Mooncoins, means that there is plenty for everyone to get their share and keep mining it for long term. And yes, I've realized that there are coins with less supply but they aren't that valuable at all. But its good to know these facts to have a better understanding of the cryptos in the market. Mimicking is really fun to mine and use 

Thank you for your comments,
regarding total supply: a well-known 42coin would be the most valuable coin if "the more rare the more valuable", but it is not so.
You probably meant inflation or unlimited supply, or anything else that dilutes value of something.

Mooncoin has some inflation certainly, as people mine new coins, it's about 5% annually,
while some other well-known coins have an inflation of 15% or more.
Dogecoin has the same inflation of about 5%, but unlimited supply (they have changed its supply just like many other "decentralized" coins changed their rules or are going to change them), and proof-of-stake coins have unlimited total supply, of course,
as for Mooncoin - an original dev told us:

and

You've got a point there, but I am just being too optimistic. One of the things that might prevent MOON from reaching this price would be its total supply. Having too much of a resource or commodity usually makes it less valuable, while on the contrary the more rare it is the more valuable it will turn out to be. Still, anything could happen in crypto land so it would be wise to hold some coins just in case. I want to become a mooncoinaire soon 

The supply of MOON is one of its advantages in fact.
It makes MOON an interesting gift: you could make someone a millionaire or even a billionaire with Mooncoins.
A myth about technical limitations of large numbers is just another myth: Mooncoin has processed more than 1.5 million transactions since 2013, and everything works just fine.
Also its price format is great for micropayments.

The market is right a) when it is really the market with a good liquidity b) it is right over long term, in short term even the price of Bitcoin can be dumped dramatically (and that really happened on btc-e or on mtgox).

Mooncoin market is:
1. Some miners who sell like zombies for any price available, who have no imagination and believe that 0.01 BTC they get is a lot.
2. Mooncoin holders who already have a lot of Mooncoins and are not ready to buy more until prices are low.
3. Potential Mooncoin investors:
3.1. newbies who currently know nothing about Mooncoin, who haven't even heard of it.
3.2. experienced investors who forgot MOON, thinking it was abandoned in 2014.

4. Remove -DOGE or -LTC based markets and you will see that people will buy for BTC and the market will be right again.


Yes, any large holder could dump MOON on not liquid markets, but also the opposite is true: any large investor could make its price much higher.
Imagine you need to buy 3-5 bil Mooncoins now. Where will be a price then?

We should not focus our attention on price now, but on what we all can do to make MOON really interesting to use it on a daily basis.

Edit: then there will be more investors:
3.3. users (companies or individuals) who will use MOON features on a daily basis.
3.4. venture investors.

BTC, ETH are great coins (not completely fair though), but there is also a room for another coin. Large coins need fees, because their networks cannot handle a lot of processes without some limitations (fees, etc), while coins which are more compact have an advantage: they can give potential customers a cheaper solution, with no fees, and there are some other advantages.

Google, Apple, IBM are great, but there are also a lot of companies  http://www.google.com/finance#stockscreener and how many of them have a market cap larger than $1 Billion? The company #1000 in a rank has a market cap about $ 17 Billion.