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Topic: [ANNOUNCE] New alternate cryptocurrency - Geist Geld - page 20. (Read 74190 times)
Yup. If there is one thing Geist is not "afraid" of, it's the Namecoin Pool Fiasco (well, that and Zeitgeist attacks )
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I just did some math and found out that if the difficutly of GG was ever to get to 16,000 roughly it would take about 28 minutes to come back down to 1 if I am understanding that decreases in difficulty can range from +400% to -400%.
That sound right?
That sound right?
What adjustment limit factor did you use ?
+/- 400% is the default bitcoin values, and they resulted in large jitter that greatly displeased some miners, so I've dropped that. From the top of my head, current adjust is 176,9%, symmetrical +/-, with retargets every 16 blocks.
I put way too much time into this. But it was fun..
I have made a high res version from the icon Lolcust sent me. Using a program called perfect resize I managed to make it large enough to use in other project, without too much pixel distortion. Like this coin for example. Which is 50% size of original I made.
Theres also this version http://imgur.com/YhR6l with a little more texture.. perhaps too much.
Btw I'll send the high res icon if anyone want it. Just PM.
I have made a high res version from the icon Lolcust sent me. Using a program called perfect resize I managed to make it large enough to use in other project, without too much pixel distortion. Like this coin for example. Which is 50% size of original I made.
Theres also this version http://imgur.com/YhR6l with a little more texture.. perhaps too much.
Btw I'll send the high res icon if anyone want it. Just PM.
Neat. You can expect 500 Geists to arrive a mite later today
Okay so then in my example it should be more like ~70mins instead of 28min to readjust to diff 1 from 16,000 if all miners left the scene.
I just did some math and found out that if the difficutly of GG was ever to get to 16,000 roughly it would take about 28 minutes to come back down to 1 if I am understanding that decreases in difficulty can range from +400% to -400%.
That sound right?
That sound right?
What adjustment limit factor did you use ?
+/- 400% is the default bitcoin values, and they resulted in large jitter that greatly displeased some miners, so I've dropped that. From the top of my head, current adjust is 176,9%, symmetrical +/-, with retargets every 16 blocks.
I put way too much time into this. But it was fun..
I have made a high res version from the icon Lolcust sent me. Using a program called perfect resize I managed to make it large enough to use in other project, without too much pixel distortion. Like this coin for example. Which is 50% size of original I made.
Theres also this version http://imgur.com/YhR6l with a little more texture.. perhaps too much.
Btw I'll send the high res icon if anyone want it. Just PM.
I have made a high res version from the icon Lolcust sent me. Using a program called perfect resize I managed to make it large enough to use in other project, without too much pixel distortion. Like this coin for example. Which is 50% size of original I made.
Theres also this version http://imgur.com/YhR6l with a little more texture.. perhaps too much.
Btw I'll send the high res icon if anyone want it. Just PM.
Neat. You can expect 500 Geists to arrive a mite later today
I just did some math and found out that if the difficutly of GG was ever to get to 16,000 roughly it would take about 28 minutes to come back down to 1 if I am understanding that decreases in difficulty can range from +400% to -400%.
That sound right?
That sound right?
Thanks for the announcement and sorry but I'm going to fight against this getting an exchange before the other coins are fixed. I would hate to see bitcoinexpress who was an early adopter of geist geld profit from his actions.
BCX doesnt have an advantage over anyone. He as well as the rest of us started on a newly launched network. 
how many blocks mined so far?
i ran getinfo & it said blocks 6968, still its downloading in daemon tab.
i ran getinfo & it said blocks 6968, still its downloading in daemon tab.
6980 over here, so I think it's correct.
3738 GeistGeld so far... Could be worth more than 3 BTC
how many blocks mined so far?
i ran getinfo & it said blocks 6968, still its downloading in daemon tab.
i ran getinfo & it said blocks 6968, still its downloading in daemon tab.
I put way too much time into this. But it was fun..
I have made a high res version from the icon Lolcust sent me. Using a program called perfect resize I managed to make it large enough to use in other project, without too much pixel distortion. Like this coin for example. Which is 50% size of original I made.
Theres also this version http://imgur.com/YhR6l with a little more texture.. perhaps too much.
Btw I'll send the high res icon if anyone want it. Just PM.
I have made a high res version from the icon Lolcust sent me. Using a program called perfect resize I managed to make it large enough to use in other project, without too much pixel distortion. Like this coin for example. Which is 50% size of original I made.
Theres also this version http://imgur.com/YhR6l with a little more texture.. perhaps too much.
Btw I'll send the high res icon if anyone want it. Just PM.
I think it's time for an exchange
FlipPro is dreaming about a currency with explicit demurrage, Geist ain't not radical enough in its nonencouragement of hoarding for his tastes 
Thanks for the announcement and sorry but I'm going to fight against this getting an exchange before the other coins are fixed. I would hate to see bitcoinexpress who was an early adopter of geist geld profit from his actions.
+1Why +1 ?
You didn't notice GG is restarted and BitcoinExpress is no longer in any advance?
Thanks for the announcement and sorry but I'm going to fight against this getting an exchange before the other coins are fixed. I would hate to see bitcoinexpress who was an early adopter of geist geld profit from his actions.
+1 
Thanks for the announcement and sorry but I'm going to fight against this getting an exchange before the other coins are fixed. I would hate to see bitcoinexpress who was an early adopter of geist geld profit from his actions.
What exactly would a nonstandard tx look like or be used for?
Cunning and complicated things that allow for doing unusual stuff like Escrow (when 2 or more parties have to sign a transaction to decide who would eventually get them moneys) or somesuch.
One of the most attractive, to me, was Gavin's hidden transactions, but it turns out it's not workable for now (I can't help wondering if amendments can be made to make it work without thoroughly ruining things and opening a large can of worms, it is/was such an awesome little thing...hm...food for thought
)Hmm hidden transactions? Any other details or threads you can direct me to on this topic?
The hidden transactions, or rather their tragic demise (at least for now, until somebody maybe-hopefully finds a way to bring them back to life in Geist
) were discussed in this very thread, starting here https://bitcointalksearch.org/topic/m.521460things like authority-based validation (and in-validation) of small-time transactions, and who knows what else (Definitely not me, lol) might be possible.
In general, it seems like a tower of awesome, though not without risks (I decided that Geist might as well take the risks, since we already have one very careful, very robust coin called Bitcoin
) What exactly would a nonstandard tx look like or be used for?
Cunning and complicated things that allow for doing unusual stuff like Escrow (when 2 or more parties have to sign a transaction to decide who would eventually get them moneys) or somesuch.
One of the most attractive, to me, was Gavin's hidden transactions, but it turns out it's not workable for now (I can't help wondering if amendments can be made to make it work without thoroughly ruining things and opening a large can of worms, it is/was such an awesome little thing...hm...food for thought
)Hmm hidden transactions? Any other details or threads you can direct me to on this topic?
What exactly would a nonstandard tx look like or be used for?
Cunning and complicated things that allow for doing unusual stuff like Escrow (when 2 or more parties have to sign a transaction to decide who would eventually get them moneys) or somesuch.
One of the most attractive, to me, was Gavin's hidden transactions, but it turns out it's not workable for now (I can't help wondering if amendments can be made to make it work without thoroughly ruining things and opening a large can of worms, it is/was such an awesome little thing...hm...food for thought
)
What exactly would a nonstandard tx look like or be used for?
Just a thought: At the current rate of 15 second blocks and 7 coins per block the entire network will generate an additional 7,000,000 coins in something like 178 days.
With all of the other chains it never took that long to create the bounty sum total.
Just saying it might seem that 7million was waay overkill in terms of diluting the market value if an exchange does come up.
With all of the other chains it never took that long to create the bounty sum total.
Just saying it might seem that 7million was waay overkill in terms of diluting the market value if an exchange does come up.
Don't forget that no less than 4 mils are intended to rest forever as buffer in a laundry. Speaking of which, I am getting opinions ranging from "with 4 mils you could launder entire Silk Road (fuck yeah!)" to "with mere 4 mils you will have to resort to laundering 1000-10000 BTC per cycle at most, probably less, should have gone for 1 bil buffer (awwww
)" (But if I did go for such a sum, I would have had to change my username to Lolbernanke and that doesn't have the same ring to it)And cryptocoin exchanges show zero care about "hoarded" sums as long as the hoarder isn't selling off (which is the stupidest thing to do with such a large load of them), according to some folks I asked
One of the reasons I am generally avoidant of the whole discussion is because it quickly turns into "is x mil too small for a laundry buffer in a 'non-deflationary' coin" which, as I have learned, is a pretty infinite thing to discuss (so I just picked a number that seemed "good enuff" and proceeded to figure out a way to get it without having the net to carry extra blocks)
How fast were the block rate and retargets on this chain again?
1 block per 15 seconds, retarget every 16 blocks.
Lowered retarget limit to avoid large "jitter" of difficulty (works neat, so far)
No imposed upper limit on overall number of geist in circulation
Escrow enabled and working
Nonstandard tx enabled, so if you have That Genius Script Idea, you're welcome.
Just a thought: At the current rate of 15 second blocks and 7 coins per block the entire network will generate an additional 7,000,000 coins in something like 178 days.
With all of the other chains it never took that long to create the bounty sum total.
Just saying it might seem that 7million was waay overkill in terms of diluting the market value if an exchange does come up.
With all of the other chains it never took that long to create the bounty sum total.
Just saying it might seem that 7million was waay overkill in terms of diluting the market value if an exchange does come up.
How fast were the block rate and retargets on this chain again?
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