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Topic: Coming Soon - Fairbrix (Read 2742 times)

hero member
Activity: 756
Merit: 500
October 02, 2011, 03:08:25 AM
#29
I think Fairbrix comes out in too much of a rush.   More testing should be done first.
hero member
Activity: 798
Merit: 1000
October 02, 2011, 12:58:33 AM
#28
At Fairbrix, the blocks seem to be empty.
Found 12 blocks now, 0 coins...

lol confirmed failbrix
hero member
Activity: 770
Merit: 500
October 02, 2011, 12:57:53 AM
#27
It all sums up to whether you prefer to mine a heavily premined but functional coin maintained by capable (albeit greedy) developers, or a lightly premined coin bootstraped by Freddy who cannot even make a decent job at copying other people's work.   
legendary
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
October 01, 2011, 08:42:09 PM
#26
I think I will continue with Tenebrix, the creator has shown his ability to get a pool, exchange etc all done up nicely for his other coin geistgeld within days of launch.  This is a much better track record.

At Fairbrix, the blocks seem to be empty.
Found 12 blocks now, 0 coins...

Tenebrix is working fine Smiley
hero member
Activity: 756
Merit: 500
October 01, 2011, 08:36:34 PM
#25
I think I will continue with Tenebrix, the creator has shown his ability to get a pool, exchange etc all done up nicely for his other coin geistgeld within days of launch.  This is a much better track record.
hero member
Activity: 633
Merit: 500
October 01, 2011, 05:37:42 PM
#24
Announced.
member
Activity: 112
Merit: 11
Hillariously voracious
October 01, 2011, 05:27:29 PM
#23
Sold all my TBX.  I can't see how people value a currency with such a huge pre-mine.

Sold all my USD. I can't see how people value a country with such a huge debt.

Debt ? Ha-ha, you should see their pre-mine lol (and also, they can pre-mine more whenever they feel like it Wink )
hero member
Activity: 518
Merit: 500
October 01, 2011, 04:09:59 PM
#22
Sold all my TBX.  I can't see how people value a currency with such a huge pre-mine.

Sold all my USD. I can't see how people value a country with such a huge debt.
hero member
Activity: 840
Merit: 1000
October 01, 2011, 04:06:46 PM
#21
Sold all my TBX.  I can't see how people value a currency with such a huge pre-mine.
legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
October 01, 2011, 12:42:27 PM
#20

we are waiting Smiley
member
Activity: 112
Merit: 11
Hillariously voracious
October 01, 2011, 12:40:17 PM
#19
I for one, intend to make an extortion-less solidcoin 2.0 fork, assuming SC ever comes out of beta
sr. member
Activity: 392
Merit: 250
October 01, 2011, 12:20:48 PM
#18
Reminds me of Ixcoin and I0coin, what alternative coins coming out next? Sad

I think we need a new subforum for Alternative Crypto Currencies -> Protest Currencies, currencies solely launched in protest of something they didn't like about the original alternative currency
hero member
Activity: 756
Merit: 500
October 01, 2011, 04:40:09 AM
#17
Reminds me of Ixcoin and I0coin, what alternative coins coming out next? Sad
hero member
Activity: 770
Merit: 500
October 01, 2011, 01:59:39 AM
#16
First lock-in is at 150 blocks.
I will mine 151 blocks to lock-in Genesis and release the link for everyone else shortly after that.

You don't need to "lock-in" anything.
Someone who wants to forerun you will have to start from the same genesis block, or he will be starting another blockchain.
Whatever amount of blocks you pre-mine will not allow to prevent someone from starting a new blockchain with a different genesis block.
Admit it : basically, all you want to lock-in is your profit...
donator
Activity: 1654
Merit: 1287
Creator of Litecoin. Cryptocurrency enthusiast.
September 30, 2011, 10:50:43 PM
#15
Or you could just send those coins to random addresses. Then some people someday will find an extra couple brix in their wallet Smiley No need to favor early adopters!

That's like destroying them. Finding a collision is highly unlikely.

Check this post to see how unlikely that is: https://bitcointalksearch.org/topic/m.71200
hero member
Activity: 602
Merit: 501
September 30, 2011, 10:37:54 PM
#14
Or you could just send those coins to random addresses. Then some people someday will find an extra couple brix in their wallet Smiley No need to favor early adopters!

That's like destroying them. Finding a collision is highly unlikely.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
September 30, 2011, 10:26:58 PM
#13
If you really wanna make it no premined coins while still being able to premine some coins for testing, how about you setup some little program to send  a fraction of the premine to each one of the first few hundred address that show in the block chain, being careful to refuse any money sent back to yourself (put it back into the autofaucet if it comes back to you before the autofaucet dries up) ?

Or you could just send those coins to random addresses. Then some people someday will find an extra couple brix in their wallet Smiley No need to favor early adopters!
hero member
Activity: 633
Merit: 500
September 30, 2011, 08:05:48 PM
#12
I guess I should be clear about what a premined coin is.  Premined coins are those above normal within the Genesis block itself.  This chain will not feature such a Genesis block.

By almost everyone else's definition of premined coins is coins that are mined before the client is released to the public. Ixcoin's creator premined 580k coins before releasing ixcoin. Lolcust just happened to come up with a way to put all the premined coins in the genesis block so as to not bloat the chain unnecessarily.

So just say fairbrix will have 3775 premined coins as oppose to tenebrix's 7.7 mil. Nothing wrong with that.

Fair enough.  I'll make the necessary changes.
hero member
Activity: 616
Merit: 500
Firstbits.com/1fg4i :)
September 30, 2011, 07:04:13 PM
#11
If you really wanna make it no premined coins while still being able to premine some coins for testing, how about you setup some little program to send  a fraction of the premine to each one of the first few hundred address that show in the block chain, being careful to refuse any money sent back to yourself (put it back into the autofaucet if it comes back to you before the autofaucet dries up) ?
donator
Activity: 1654
Merit: 1287
Creator of Litecoin. Cryptocurrency enthusiast.
September 30, 2011, 06:46:08 PM
#10
I guess I should be clear about what a premined coin is.  Premined coins are those above normal within the Genesis block itself.  This chain will not feature such a Genesis block.

By almost everyone else's definition of premined coins is coins that are mined before the client is released to the public. Ixcoin's creator premined 580k coins before releasing ixcoin. Lolcust just happened to come up with a way to put all the premined coins in the genesis block so as to not bloat the chain unnecessarily.

So just say fairbrix will have 3775 premined coins as oppose to tenebrix's 7.7 mil. Nothing wrong with that.
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