(ANN)(PRERELEASE) - parabolas - launching with pools, faucets-YOU can contribute

meta.p02

full member

Activity: 196

Merit: 100

Quote from: smeagol on October 09, 2013, 05:54:23 PM

If the dev doesn't have a rig, what is the fairest way to pay him or her?

There are only a few ways to let developers get coins without mining - premine, taking a cut of every block, taking a cut of some blocks and relying on donations.

The first is extremely frowned upon in the crypto community and would probably harm adoption (unless it is really small, in which case your revenue is almost worthless). The second is what a few other coins are doing, but if we want to do that you could take something like 0.5% instead of the crazy amounts the others are taking. The third is our proposal and is practically identical to the second. The fourth is problematic - in this mining world, margins are everything, so you are not likely to get much donations.

Also, aa: you should go support some other coin with your hashpower if you disagree with a coin's philosophy.

smeagol

legendary

Activity: 1008

Merit: 1005

Quote from: aa on October 09, 2013, 05:53:36 PM

Quote from: smeagol on October 09, 2013, 05:31:02 PM

Quote from: aa on October 08, 2013, 08:41:02 PM

I can't believe people are still making scam coins. Yes, setting up the coin to pay off the developers is a scam, it doesn't matter if it's done in a "nice" way.

How can you justify skimming off the top? "The developers deserve to get rewarded for their work!!!!" No. If the developer wants to get paid, he can mine the coin just like everyone else.

If you are actually interested in cryptocoins, you won't be doing search+replace on some other coin, you'll add features that no other coin has. If you were actually putting any work in this at all, you wouldn't be skimming or premining because you'd want the coin to succeed.

If you actually want to help the community, you will be releasing a coin without any scams. What you are proposing for this shitcoin is a scam.

?
What if the developer doesn't have a mining rig?
The dev fund is just like mining, except it doesn't waste electricity.

He doesn't need a fund. Can you tell me how many of the coins released in the last 7 months have actually had a "developer" do any development?

If the dev doesn't have a rig, what is the fairest way to pay him or her?

aa

hero member

Activity: 544

Merit: 500

Litecoin is right coin

Quote from: smeagol on October 09, 2013, 05:31:02 PM

Quote from: aa on October 08, 2013, 08:41:02 PM

I can't believe people are still making scam coins. Yes, setting up the coin to pay off the developers is a scam, it doesn't matter if it's done in a "nice" way.

How can you justify skimming off the top? "The developers deserve to get rewarded for their work!!!!" No. If the developer wants to get paid, he can mine the coin just like everyone else.

If you are actually interested in cryptocoins, you won't be doing search+replace on some other coin, you'll add features that no other coin has. If you were actually putting any work in this at all, you wouldn't be skimming or premining because you'd want the coin to succeed.

If you actually want to help the community, you will be releasing a coin without any scams. What you are proposing for this shitcoin is a scam.

?
What if the developer doesn't have a mining rig?
The dev fund is just like mining, except it doesn't waste electricity.

He doesn't need a fund. Can you tell me how many of the coins released in the last 7 months have actually had a "developer" do any development?

smeagol

legendary

Activity: 1008

Merit: 1005

Quote from: aa on October 08, 2013, 08:41:02 PM

I can't believe people are still making scam coins. Yes, setting up the coin to pay off the developers is a scam, it doesn't matter if it's done in a "nice" way.

How can you justify skimming off the top? "The developers deserve to get rewarded for their work!!!!" No. If the developer wants to get paid, he can mine the coin just like everyone else.

If you are actually interested in cryptocoins, you won't be doing search+replace on some other coin, you'll add features that no other coin has. If you were actually putting any work in this at all, you wouldn't be skimming or premining because you'd want the coin to succeed.

If you actually want to help the community, you will be releasing a coin without any scams. What you are proposing for this shitcoin is a scam.

?
What if the developer doesn't have a mining rig?
The dev fund is just like mining, except it doesn't waste electricity.

zeus376

member

Activity: 82

Merit: 11

parabola still not there yet?

aa

hero member

Activity: 544

Merit: 500

Litecoin is right coin

I can't believe people are still making scam coins. Yes, setting up the coin to pay off the developers is a scam, it doesn't matter if it's done in a "nice" way.

How can you justify skimming off the top? "The developers deserve to get rewarded for their work!!!!" No. If the developer wants to get paid, he can mine the coin just like everyone else.

If you are actually interested in cryptocoins, you won't be doing search+replace on some other coin, you'll add features that no other coin has. If you were actually putting any work in this at all, you wouldn't be skimming or premining because you'd want the coin to succeed.

If you actually want to help the community, you will be releasing a coin without any scams. What you are proposing for this shitcoin is a scam.

smeagol

legendary

Activity: 1008

Merit: 1005

Quote from: meta.p02 on October 07, 2013, 06:58:27 PM

The source is found here, right? In that case we would need to write the hash functions.

However, I see that MARS, RC6, Rijndael (AES), Serpent, Square and Twofish are ciphers. This means that we would need keys. Could someone suggest some keys? Also, what is this Square cipher? (don't tell me you take output=input^2?)

My proposal:

SHA-512 (or 256) -> 16 rounds of ciphering -> SHA-256

That is the correct source. It think square means that the block reward is squared. My experience in cryptography is limited but I will ask around!

meta.p02

full member

Activity: 196

Merit: 100

The source is found here, right? In that case we would need to write the hash functions.

However, I see that MARS, RC6, Rijndael (AES), Serpent, Square and Twofish are ciphers. This means that we would need keys. Could someone suggest some keys? Also, what is this Square cipher? (don't tell me you take output=input^2?)

My proposal:

SHA-512 (or 256) -> 16 rounds of ciphering -> SHA-256

sheinsha

sr. member

Activity: 434

Merit: 250

Well I can help with Pool for sure (as long as i can build the daemon on linux..) and maybe a block explorer it nobody else hosts it.
Grin

x^2

member

Activity: 73

Merit: 10

y=x^2 is a parabola

Sorry for being inactive, I have been very busy; is there any new news on development?

Thank you to all involved!

x^2

member

Activity: 73

Merit: 10

y=x^2 is a parabola

Shall we contact igotspots to open a parabolas spots franchise?

smeagol

legendary

Activity: 1008

Merit: 1005

Quote from: ZirconiumX on September 06, 2013, 12:14:53 PM

Quote from: theprofileth on September 06, 2013, 06:36:32 AM

Why would you fork it from bitcoin if you are considering using multiple hashing algorithms to help secure the coin? Might as well fork from Quark or Secure Coin.

Because we'd rather be a fork, than a fork of a fork of a fork.

That's the *actual* reason.

Bitcoin's codebase is more modern, anyway.

Matthew:out

We could look at Freicoin. Apparently the demmurage goes back to the foundation (which, in this case, would be us)

x^2

member

Activity: 73

Merit: 10

y=x^2 is a parabola

We've got an exchange and pool committee, anyone up for a faucet or store?

Also we might get coinpayments to accept us.

ZirconiumX

full member

Activity: 286

Merit: 100

Quote from: theprofileth on September 06, 2013, 06:36:32 AM

Why would you fork it from bitcoin if you are considering using multiple hashing algorithms to help secure the coin? Might as well fork from Quark or Secure Coin.

Because we'd rather be a fork, than a fork of a fork of a fork.

That's the *actual* reason.

Bitcoin's codebase is more modern, anyway.

Matthew:out

theprofileth

full member

Activity: 239

Merit: 100

Socialist Cryptocurrency Devote

Why would you fork it from bitcoin if you are considering using multiple hashing algorithms to help secure the coin? Might as well fork from Quark or Secure Coin.

smeagol

legendary

Activity: 1008

Merit: 1005

Quote from: ZirconiumX on September 05, 2013, 02:55:25 PM

Quote from: theprofileth on September 05, 2013, 01:44:30 PM

Have you considered adding proof of stake to help further secure the network?
Also why not add in parabolic difficulty adjustments done on a per block basis coupled with a parabolic reward to stifle instant mining.

My family has an expression: "First get something that works, then get something that works well."

We have currently got nothing more than a bitcoin clone at the moment. We haven't even worked out how to change the block magic number yet.

When we get a testnet up and running, then we'll think about things like PoS.

Matthew:out

This helped me a lot!
https://andarazoroflove.org/how-to-create-alt-coin-scrypt-clones-for-fun-and-profit-bitcoin-litecoin-secrets-exposed/

ZirconiumX

full member

Activity: 286

Merit: 100

Quote from: theprofileth on September 05, 2013, 01:44:30 PM

Have you considered adding proof of stake to help further secure the network?
Also why not add in parabolic difficulty adjustments done on a per block basis coupled with a parabolic reward to stifle instant mining.

My family has an expression: "First get something that works, then get something that works well."

We have currently got nothing more than a bitcoin clone at the moment. We haven't even worked out how to change the block magic number yet.

When we get a testnet up and running, then we'll think about things like PoS.

Matthew:out

theprofileth

full member

Activity: 239

Merit: 100

Socialist Cryptocurrency Devote

Have you considered adding proof of stake to help further secure the network?
Also why not add in parabolic difficulty adjustments done on a per block basis coupled with a parabolic reward to stifle instant mining.

x^2

member

Activity: 73

Merit: 10

y=x^2 is a parabola

op updated

smeagol

legendary

Activity: 1008

Merit: 1005

https://github.com/ZirconiumX/parabola/blob/master/client/src/hash.cpp

Looking around the code, maybe this will help?

Topic: (ANN)(PRERELEASE) - parabolas - launching with pools, faucets-YOU can contribute (Read 9115 times)