Topic: [ANN][YAC] YACoin ongoing development - page 112. (Read 380091 times)

So . . . Your bet is that there will only be one altcoin in the end?

Here is my call:
There will ultimately be a 'suite' of successful altcoins.

Bitcoin will be the pillar.

People will hold 'altfolios' of vsrious. Indeed, my business partner and I have wondered if we could engineer 'Compcoin,' which would be a composite of several coins.

With respect, the fact is that altcoins are a libertarian political phenomenon that is manifested through computers. It's not a computer phenomenon AS SUCH.

IndiaMikeZulu (non-geek altcoin-as-libertarian-phenomenon lover )

YAC has never been a CPU coin, if there is someone still mining YAC with CPU he is plain STUPID.

This alt coin market (YAC included) have one purpose : mine while profitable and convert to BTC. Investing big money in alts is way too risky, especially in coins that like YAC which doesn't have a dev team, and a strong community. Because being a HOLDER does not make you part of a community, it makes you an speculator.

I came to All This from an odd angle, guys. I hardly know which end of a computer the milk comes out of. I am a political animal -- libertarian.centrist -- who was studying the financial crisis before it was called 'the financial crisis.'

Herr's my call:

I may or may not have been given a bum steer in buying into Yacoin, BUT the 73 000 000 000 000 Dollar world economy will haemmorhage money as the crisis continues. Altcoins are a tin cup under that flow.

What I see as lacking is co-operation between the computer folk and people like me, who could connect Ordinary People to the altcoin phenomenon.

One cold-blooded idea I have (if I understand the technicalities aright
 . . ) is to use a collapsed-but-structurally-intact coin as a introduction-to-altcoining vehicle. Ordinary People could buy voins for a cent, and get the hang of the whole thing, with the help of a group of us, in a low-rosk environment.

Think about it: during a gold rush, one in a hundred miners gets rich -- but the guy woth the canvas-tent store selling picks and shovels?? His prospects are muvh higher.

Mark Blair (IndiaMikeZulu)
[email protected]

Well said, aso118!


I have lost a lot more than 2 BTC, and I am ok with that!--as opposed to being not ok with all the BTC I lost in FTC and TRC (So glad to see those crap coins removed from btc-e)

Windmaster left because he was looking for that quick buck as an early investor.  Plus, he had to deal with so many people wanting the same thing.  People have left other coins mostly because the ridiculous reward for early-comers (straight-up premine and the virtual premine of 0 difficulty).  People have left YACoin for the exact opposite reason.  I believe the ones sticking it out now are mostly people who actually believe in the long-term viability of the coin, the future alternative currency of the world.

Morning, all!

I am prepared to await developments.

Would love to contact an Australian-based miner -- how much is a worthwhile price for Yacoin regardless of the market? (I have a perfectly logical reason for asking).

Mark at [email protected]

IndiaMikeZulu

Doesn't look good for YAC to be honest, as someone said XPM took the market YAC was aiming to and I'm afraid there's no recovering from this. I myself lost 2 BTC on YAC, definitely wasn't expected this but the group of CPU coins that came later, with XPM as a winner of that group just took attention from it.

Guess WindMaster and other big boys dumped their bags too, it's obvious he is not interested anymore too.

Sometimes you just have to accept defeat and move on.

I am very optimistic too - and I have to agree, I think this crazy market it going to be it's greatest strength.

It seems though YAC value is so low right now because people are primary 'mining-and-dumping' this coin based on their precious profitability calculators.  But this is similar to what happened with Bitcoin in the beginning.  People mined thousands of coins and were willing to trade it for pennies (ie the 10,000 BTC pizza).  People wanted 'quick-wins' and weren't looking at the long term of the coin.

Bitcoin was also 'inflated' and 'overpriced' in the beginning (~2010) and it took a major major crash for the coin to build a steady, and foundation, base to build the success it has today.  I think YACoin is following this same trend to greatness.

YAC will last the test of time, because it isn't like other altcoins out there - it actually offers something new (while being highly functional and helpful to the user - one min confirmations, POS, N-increase, etc).  The coin gets more difficult to mine with every N-increase and will soon only be efficient to mine with CPUs.  With my GPU rig I get about 3 MH when mining Litecoins and only about 20 KH now when mining YAC.  The N-increases might seem intense, or to be occurring too quickly right now, but when looking at all of the increases over the next 30 years - its a really good layout.  And even if the difficultly does fall to a nominal number at some point in time, the coin is capped at 100 coins per block.  YACoin is the best designed coin I've seen yet.

The way I see it...  As the N-factor increases, the coin becomes more difficult to mine.  The more difficult to mine, the less 'profitability' it will have.  The less profitability it has, the less 'mine-and-dump' the coin will experience.  Without dumpers and if we continue to edcuate the coummity on the unquie features of the coin more miners and investors will be attrached to this coin.  I truly believe this crazy drop in market value will only make the coin stronger, and more valuable, in time.



Good call-out.  Looks like I'll be getting 10 KH soon.  LOL.  And to think - someday, this is going to be a huge hash-rate for a single person to have for this coin!



I seen this the other day too.  And I considered dumping ~20 BTC into an exchange and trying to convert it to YAC.  But if you look at the trading exchanges (Bter, Cryptsy, etc) there really aren't that many coins available for trade on the market.  To me, this means there are lots of people who are happily holding there coins.

IMOP - This is just the beginning of YAC. 

I'd suggest to tune down the miners a little bit ahead of the change so they keep working through it, rather than let them hit the HW error wall and then tweak the settings.

yeah, and there are some cheap yac now on cryptsy  

edited: just noticed: someone needs only 23 BTC to increase YAC price ~12 times 

Reminder: only 5 days left to next Nfactor change!

I too am very optimistic.  I think YACoin's crazy path so far is its greatest strength.  The concept behind most of the other alt coins has been to reproduce the opportunity to get-rich-quick as many of the early investors of bitcoin have enjoyed.  The problem is that that greedy mentality actually results in the opposite happening.  I believe once you see the NFactor change and GPU mining becomes futile, the price will skyrocket back.  I think the NUMBER of people with some amount of YACoin right now is large even compared to alts with a much greater marketcap at this point.

SOFT SOFT OPENING

YACOINAUSTRALIA, A 'P-WIP' MICRO-BOURSE, IS NOW TRADING 'PACKETS' OF TEN THOUSAND YACOIN.


'P-WIP' is 'peer-to-peer; Website, Internet-banking, Phone.' It's a partial return to the libertarian roots of altcoining.

Now, blindie boy is still setting up shop; but we hold 200 000 coin, have P-WIPped 85 000 Yacoin, and have run newspaper adverts for Yacoinaustralia.com.au. We have a number of truly truly innovative ideas for Yacoin and altcoining in general.

YACOIN IS, TODAY,  THE FIRST MINOR ALTCOIN EVER TO GO 'BI-CURRENCY.'


Merchant facility is the bottom line at this point in altcoin development. BEFORE CRISTMAS, I WILL P-WIP A TEN-OUNCE BAR OF OF SILVER BULLION, wihich will be another world first.


Would love to speak to an Australian Yacoin miner!!!

In Australia?? Ring Mark for a chat 0439958791 (company free-phone!)

Mark Blair (IndiaMikeZulu)

That's something I always tend to forget, but damm these few months were painfull.
Never saw it coming that such a great crypto could loose so fast so much ...

Nice, thanks!

No clue about the OSX version though. Maybe try recompiling (with "make clean" first)?

I've seen Cryptsy temperately remove coins before.  From my experience they do it when they have a stale block/branch.  They might have had the number of confirmations set too low.

And as far as the 'not working code' I'm not sure what the issue is...  He didn't really say what the problem is or what stopped working.  My client is working fine.  I'm sure Sarion/Joe will understand the code better then I will.

On a side note - all alternative coins values are down (as we have typically seen in the market when bitcoin prices go up).  I don't know about you guys, but I'm buying, buying, buying.  How long did it take for Bitcoin, Litecoin, and Novacoin to 'catch-on.'  I think we sometimes forget the coin is only 6 months old.



EDIT:  I emailed Cryptsy - YAC trading has been resumed. 

I would like to know too.

I sent an email to Cryptsy asking what happened to the YAC/BTC trading pair...

"YAC had some reversals to cryptsy that caused the market to pause I would expect it to return soon once we ensure everything is secure with the coin."

-BitJohn


Anyone know what the heck is going on?

I think I understand what you mean at having several hundred or a thousand YAC POS addresses at the ready to POS in case there is an issue with the network. If the few large dedicated players have a hundred or a couple hundred POS YAC addresses at the ready, we could hold up the network for a while. At this stage we are still at the POW building up the YAC coinage amount so POW have the power. I do think that those of us that do have coins in bulk should be building POS addresses to help support the network, I've been seeing lots of 5,000 and 10,000 YAC deposits, so there is network planning that is taking place.

I'll order a Radeon R9 290 soon...it has a 4gb vram buffer and a 512bit bus, low power consumption and it's pretty much 1.75x times a 7950, speed wise. (oced)
Any of you tried them for yac yet?