Author

Topic: ConstCoin - the best coin ever! (Read 1391 times)

hero member
Activity: 798
Merit: 1000
‘Try to be nice’
May 06, 2013, 03:57:21 PM
#20

i'm nearly as bored as you - i should go do something lol

Have a great day/night !!

PM me later if you like - i'm working on an idea for sCRypt. Cheers !
hero member
Activity: 798
Merit: 1000
‘Try to be nice’
May 06, 2013, 03:55:38 PM
#19
aaaaaand that's 100 ! yay !

{nodding and thanking}

Thank you, and you , yes you too, yes thank you....
legendary
Activity: 2142
Merit: 1010
Newbie
May 06, 2013, 03:55:06 PM
#18
aaaaaand that's 100 ! yay !

Congrats.
hero member
Activity: 798
Merit: 1000
‘Try to be nice’
May 06, 2013, 03:54:39 PM
#17
aaaaaand that's 100 ! yay !
hero member
Activity: 798
Merit: 1000
‘Try to be nice’
May 06, 2013, 03:54:16 PM
#16
We need to ban people that keep abusing the [ANN] tag.


I agree leave ANN alone she's a hot piece of ass !
hero member
Activity: 798
Merit: 1000
‘Try to be nice’
May 06, 2013, 03:52:35 PM
#15
These fake threads are stupid. We need to ban people that keep abusing the [ANN] tag.

Go away OP. Angry
+1

that's one angry pump and dumper !
legendary
Activity: 2142
Merit: 1010
Newbie
May 06, 2013, 03:11:21 PM
#14
These fake threads are stupid. We need to ban people that keep abusing the [ANN] tag.

Go away OP. Angry

too much drama  Roll Eyes

Reminds me http://www.youtube.com/watch?v=316AzLYfAzw...
full member
Activity: 157
Merit: 100
May 06, 2013, 03:07:45 PM
#13
These fake threads are stupid. We need to ban people that keep abusing the [ANN] tag.

Go away OP. Angry

too much drama  Roll Eyes
legendary
Activity: 2142
Merit: 1010
Newbie
May 06, 2013, 03:03:18 PM
#12
These fake threads are stupid. We need to ban people that keep abusing the [ANN] tag.

Go away OP. Angry
+1

Um, right. I'll fix this.
hero member
Activity: 602
Merit: 535
Account hacked from Oct 11th to Nov 1st 2017
May 06, 2013, 03:02:34 PM
#11
These fake threads are stupid. We need to ban people that keep abusing the [ANN] tag.

Go away OP. Angry
+1
full member
Activity: 203
Merit: 100
May 06, 2013, 03:01:53 PM
#10
These fake threads are stupid. We need to ban people that keep abusing the [ANN] tag.

Go away OP. Angry
hero member
Activity: 798
Merit: 1000
‘Try to be nice’
May 06, 2013, 02:59:40 PM
#9
i only want one , the one you have. LOL
hero member
Activity: 798
Merit: 1000
‘Try to be nice’
May 06, 2013, 02:59:18 PM
#8
actually i love it , donate?
legendary
Activity: 2142
Merit: 1010
Newbie
May 06, 2013, 02:56:56 PM
#7
man, I was just happy suggesting that the Government should issue the mined coin in the "Save the starving Africans with Cryptocoin" thread.

but you really put energy into that..., I'm not sure if I'm impressed or disturbed ?

 Tongue  Wink

Heh. This coin is better. If u don't mine, u actually LOSE coins. This is a revolution in Economy!
hero member
Activity: 798
Merit: 1000
‘Try to be nice’
May 06, 2013, 02:55:28 PM
#6
I'm proud to announce the best coin ever - ConstCoin.
While folks were arguing what is better - inflation or deflation - and launching coins with different inflation/deflation rates, I devised a coin which total supply is constant. No inflation, no deflation, no problems.

This coin has some kewl features:

1. It's 100% premined, but noone will blame me that it's a scam, keep reading and u'll get why.
2. Its total supply is exactly 1 (one) CC (stands for ConstCoin), but it's infinitely divisible. So if u used to think in direction 1 -> [infinity], u should try other direction, 1 -> 1/[infinity]. It's the same as switching from infinity of macrocosm to infinity of microcosm.
3. Lifetime of the coin is limited and controlled by math. When the time comes someone will launch next generation of the coin, this will be the beginning of a new epoch. I can't even imagine features that new coin will have!

Now more details...

The very 1st block will have 1 CC assigned to an address controlled by me. Yes, it's 100% premine. When someone finds a block he will get part of the total supply. This part depends on difficulty of the found block. Difficulty is measured as 2^256 minus generated 256-bit number. If the miner gets 3/4 of 2^256, then he gets 1/4 of the total supply to his address. In our case those who found 2nd block would get 0.25 CC and my balance would become 0.75 CC. Next block must have difficulty LOWER than difficulty of a previous block. Let's imagine that the 3rd block is 1/2 of 2^256. It means that the miner gets 1/2 of the total supply, so we have 0.375 CC on my account, 0.125 CC on the account of someone who mined 2nd block and 0.5 CC on the account of the last miner. I hope u got the idea. When someone finds a block with all zeros ("0" 256 times) - GAME OVER, time to launch next generation of the coin. It's unlikely this will happen during next 100 years but this definitely will happen somewhere in the future.

If u think about economy based on this coin u will notice that it's unprofitable to hoard coins. This is a very neat feature, it means that such an economy will do its best to make money to "work". Looks very promising.

PS: I can't provide the software right now, 1st I'd like to get feedback. Perhaps I'll change something...

Yup, it's a joke.

man, I was just happy suggesting that the Government should issue the mined coin in the "Save the starving Africans with Cryptocoin" thread.

but you really put energy into that..., I'm not sure if I'm impressed or disturbed ?

 Tongue  Wink
legendary
Activity: 2142
Merit: 1010
Newbie
May 06, 2013, 02:36:27 PM
#5
I want to trade 100 000 000 ChinaCoin (CHNCoin), the best scam coin for 1 ConstCoin.

U should spend this 1 CC as fast as possible, coz next block later u'll have less than 1.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
May 06, 2013, 02:31:51 PM
#4
Probably because these fake threads are more annoying than new coin each day ones  Grin At least one can make some fast buck with real new coins  Tongue
legendary
Activity: 1106
Merit: 1000
May 06, 2013, 02:31:45 PM
#3
I want to trade 100 000 000 ChinaCoin (CHNCoin), the best scam coin for 1 ConstCoin.
legendary
Activity: 2142
Merit: 1010
Newbie
May 06, 2013, 02:29:36 PM
#2
Seems ppl already glutted themselves with altcoins.  Grin
legendary
Activity: 2142
Merit: 1010
Newbie
May 04, 2013, 03:45:51 PM
#1
I'm proud to announce the best coin ever - ConstCoin.
While folks were arguing what is better - inflation or deflation - and launching coins with different inflation/deflation rates, I devised a coin which total supply is constant. No inflation, no deflation, no problems.

This coin has some kewl features:

1. It's 100% premined, but noone will blame me that it's a scam, keep reading and u'll get why.
2. Its total supply is exactly 1 (one) CC (stands for ConstCoin), but it's infinitely divisible. So if u used to think in direction 1 -> [infinity], u should try other direction, 1 -> 1/[infinity]. It's the same as switching from infinity of macrocosm to infinity of microcosm.
3. Lifetime of the coin is limited and controlled by math. When the time comes someone will launch next generation of the coin, this will be the beginning of a new epoch. I can't even imagine features that new coin will have!

Now more details...

The very 1st block will have 1 CC assigned to an address controlled by me. Yes, it's 100% premine. When someone finds a block he will get part of the total supply. This part depends on difficulty of the found block. Difficulty is measured as 2^256 minus generated 256-bit number. If the miner gets 3/4 of 2^256, then he gets 1/4 of the total supply to his address. In our case those who found 2nd block would get 0.25 CC and my balance would become 0.75 CC. Next block must have difficulty LOWER than difficulty of a previous block. Let's imagine that the 3rd block is 1/2 of 2^256. It means that the miner gets 1/2 of the total supply, so we have 0.375 CC on my account, 0.125 CC on the account of someone who mined 2nd block and 0.5 CC on the account of the last miner. I hope u got the idea. When someone finds a block with all zeros ("0" 256 times) - GAME OVER, time to launch next generation of the coin. It's unlikely this will happen during next 100 years but this definitely will happen somewhere in the future.

If u think about economy based on this coin u will notice that it's unprofitable to hoard coins. This is a very neat feature, it means that such an economy will do its best to make money to "work". Looks very promising.

PS: I can't provide the software right now, 1st I'd like to get feedback. Perhaps I'll change something...

Yup, it's a joke.
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