[BCN] Bytecoin. Secure, private, untraceable since 2012 - page 412.

x0rcist

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Quote from: abit2slo on April 01, 2014, 12:42:07 PM

DStrange,
sounds reasonable.
number of coins is ok for two years old currency with active users
and they are active: there are txs in each block i randomly checked.

this i also noticed! there are enough transactions going through..
you can check this by typing set_log 2 in the command window

anybody already found more references to this coin from the past? i found this guy:
https://bitcointalksearch.org/user/bytecoin-490

also the btc devs know about this coin as they where speaking about it in their irc room. (cannot find the link atm but its in google)

this guy also came up, he writes about economics and banking systems.. tinfoilhat anyone?
http://www.albertwerner.eu/

abit2slo

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Activity: 80

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Quote from: DStrange on April 01, 2014, 01:05:58 PM

Quote from: Cheesus on April 01, 2014, 12:49:41 PM

Does anybody know somebody who is in the BCN community from the very beginning?

I don't. They are like a secret society. Truly anonymous people! Everywhere and nowhere at the same time.
I feel as if I am one of them while mining and making giveaway and trading and so on. It's quite a pleasant feeling of belonging to something great Cool

me too
this coin is the brightest event in cryptocoins' environment since DOGE

pozmu

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Activity: 770

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(っ◔◡◔)っ🍪

Quote from: Hexah on April 01, 2014, 04:08:19 AM

Quote from: pozmu on March 31, 2014, 08:45:08 PM

Has anybody checked source code?

Source code of what? Of daemon/wallet or website?

Daemon/wallet

DStrange

sr. member

Activity: 336

Merit: 251

Quote from: Cheesus on April 01, 2014, 12:49:41 PM

Does anybody know somebody who is in the BCN community from the very beginning?

I don't. They are like a secret society. Truly anonymous people! Everywhere and nowhere at the same time.
I feel as if I am one of them while mining and making giveaway and trading and so on. It's quite a pleasant feeling of belonging to something great Cool

Cheesus

sr. member

Activity: 692

Merit: 254

terra-credit.com

Does anybody know somebody who is in the BCN community from the very beginning?

DStrange

sr. member

Activity: 336

Merit: 251

I had a thought while I was doing all this math. We can call the atomic unit "bytoshi" Grin

abit2slo

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Activity: 80

Merit: 10

DStrange,
sounds reasonable.
number of coins is ok for two years old currency with active users
and they are active: there are txs in each block i randomly checked.

DStrange

sr. member

Activity: 336

Merit: 251

I was intrigued with what nakaone said regarding the number of coins in circulation. So I decided to make a research.

The formula on the Bytecoin's website was not prepared for easy calculations, so I decided to play around with it.

Here are the constants:

We can omit M to calculate the sequence:

So bn should be like this:

Which leads us to a new representation of the original formula:

These could be easily used in Excel.

Current block n = 447,800
M = 2^64 -1
q = 2^(-18)

So there should be around 15 104 430 719 645 400 000 atomic units. Dividing by 10^8 we end up with an aproximate number of current BCNs: 151 044 307 196.

I think this number is rather close to the truth considering that the net works for almost 2 years and that estimated number of miners is about 3,000.

nakaone

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Activity: 742

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Block reward decreases each block according to the formula: BaseReward = (MSupply - A)/2^18, where MSupply = (2^64 - 1) atomic units and 'A' is amount of already generated coins

there are somewhat ~450.000 blocks mined - someone with math skills will have no problems to calculate that - playing around with wolfram alpha I would estimate that quite a ton of coins are already in existence. The first blocks had a massive reward. I am just too badly educated in math to get it into a general formula

Cheesus

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Activity: 692

Merit: 254

terra-credit.com

Quote from: nakaone on April 01, 2014, 09:53:22 AM

Quote from: danteT on April 01, 2014, 03:23:24 AM

Quote from: nakaone on March 31, 2014, 07:23:11 PM

can someone tell me how many coins are already in existence out of the 184billion?

edit: correct me if I am wrong maybe it is a language thing but it is acutally out of the total 184 trillion coins isn't it?

do not get the calculation but the number of coins must be much higher - 2^64-1 https://www.wolframalpha.com/input/?i=%282%5E64-1%29

I think you are wrong about total coin amount - on main web site it is clearly said that there will be 184.46 billion BCN.
Also it is said that "One coin is divisible down to 8 decimal places (divisible up to 10^8);"
so i quess the right amount is 184,46 billion =184 467 440 737,09551616
That is how i understand it, correct me if i am wrong.

but if coin supply is 2^64-1 the number is much larger and it would be uncommon to use coin supply by the last decimal

how many coins are already in existence?

There are a lot of uncommon things in this coin lol.
Do you have any idea how to count this coins from the start?

nakaone

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Activity: 742

Merit: 500

Quote from: danteT on April 01, 2014, 03:23:24 AM

Quote from: nakaone on March 31, 2014, 07:23:11 PM

can someone tell me how many coins are already in existence out of the 184billion?

edit: correct me if I am wrong maybe it is a language thing but it is acutally out of the total 184 trillion coins isn't it?

do not get the calculation but the number of coins must be much higher - 2^64-1 https://www.wolframalpha.com/input/?i=%282%5E64-1%29

I think you are wrong about total coin amount - on main web site it is clearly said that there will be 184.46 billion BCN.
Also it is said that "One coin is divisible down to 8 decimal places (divisible up to 10^8);"
so i quess the right amount is 184,46 billion =184 467 440 737,09551616
That is how i understand it, correct me if i am wrong.

but if coin supply is 2^64-1 the number is much larger and it would be uncommon to use coin supply by the last decimal

how many coins are already in existence?

Hexah

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Activity: 728

Merit: 265

Quote from: pozmu on March 31, 2014, 08:45:08 PM

Has anybody checked source code?

Source code of what? Of daemon/wallet or website?

danteT

full member

Activity: 120

Merit: 100

Quote from: nakaone on March 31, 2014, 07:23:11 PM

can someone tell me how many coins are already in existence out of the 184billion?

edit: correct me if I am wrong maybe it is a language thing but it is acutally out of the total 184 trillion coins isn't it?

do not get the calculation but the number of coins must be much higher - 2^64-1 https://www.wolframalpha.com/input/?i=%282%5E64-1%29

I think you are wrong about total coin amount - on main web site it is clearly said that there will be 184.46 billion BCN.
Also it is said that "One coin is divisible down to 8 decimal places (divisible up to 10^8);"
so i quess the right amount is 184,46 billion =184 467 440 737,09551616
That is how i understand it, correct me if i am wrong.

pozmu

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Activity: 770

Merit: 504

(っ◔◡◔)っ🍪

I don't really get it... So who mined it before? There are many references to "community" on bytecoin's page - where exactly is this community?
On wiki there is reference to mailing list... But no link to it.
https://cryptonote.org/ even gives you a list of developers' names - but googling them gives no real hits. Huh

If you look at the page soure you can find this:

Code:

Which is page similar to bytecoin.org but with "cryptonote" name instead
On reddit a guy registered just to promote this coin: http://www.reddit.com/user/iknowpl

Has anybody checked source code?

nakaone

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Activity: 742

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can someone tell me how many coins are already in existence out of the 184billion?

edit: correct me if I am wrong maybe it is a language thing but it is acutally out of the total 184 trillion coins isn't it?

do not get the calculation but the number of coins must be much higher - 2^64-1 https://www.wolframalpha.com/input/?i=%282%5E64-1%29

DStrange

sr. member

Activity: 336

Merit: 251

Today's giveaway transactions:
<<492474adc95a240b734394fdedb110b2965fec7048b572254e16552a8592dae3>>
and
<>

I hope everything was right and receivers get their coins.

Lamalicious

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Activity: 148

Merit: 10