Topic: CRC: Crazy Rabbit Coin : AKA Bitcoin Testnet - The best Alt coin there is? - page 2. (Read 6576 times)

I agree with your reasoning, and I don't believe it's a problem today.  However, I suspect that it is still taboo in a lot of minds.


Very true!

I thought about that. So does Litecoin (although I didn't manage to get it running oddly enough- no connections? No one's on it?). Actually all the clones should have a testnet, but Bitcoin testnet is a lonely enough place so far. :-)

I think the issue about selling Testnet Bitcoins came about a) from people just taking from faucets and then trying to sell them or b) previously there wasn't a "testnet in a box" so if people started selling testnet coins the difficulty on the testnet went up and made it more difficult for other developers to get coins. Now there isn't this problem- you can easily run your own testnet. Additionally, if there is no economy for testnet, then there are a lot of things you actually cant test- like an exchange, or gambling apps or who-knows-what. If you don't have users actively playing with the coins in an economy, there is a lot of testing that can't be done.

Another interesting thing to note: Terracoin has a testnet, too.

If you sell testnet bitcoins, or mine them with any appreciable hashing power, there are people who will be mad.

I personally haven't seen why I should care, though.   And I have considered putting them up for exchange.  It would be very interesting to see a market price for testnet bitcoins.

So, what the hey - I already announced support for "CRC" on RBCex.  Anyone wants to place orders for testnet bitcoins on RBCex; I'd love to list your order.

Very good point- we saw the difficulty vector as an attack with TRC.

Heh, no I did not guess, but I did think that going forward I might make a post soliciting input on how testnet's "reset difficulty" feature could be a security hole.  I am curious if it can be exploited.

So, as some people (but obviously not very many!) may have guessed, CRC is really the Bitcoin Testnet!

Why Bitcoin Testnet:
The Bitcoin testnet is an underutilized chain that was intended to provide a space where developers can explore with Bitcoin without using "real money". Since the advent of "Testnet in a box" http://sourceforge.net/projects/bitcoin/files/Bitcoin/testnet-in-a-box/ where you can build your own private testnet, the bitcoin testnet itself is fairly quiet, which makes it perfect for testing not just technical experiments but social and economic experiments as well.

Technically what does the Bitcoin Testnet have that other alt coins don't? What makes it "Different" from bitcoin and other Alt-Coins?
Multi-Signature Transactions : It's been enabled in bitcoin for awhile now, but people still aren't making much use of what is an incredibly important feature.
OP_CODE scripting: Smart property, complex transactions, scripting with money? Features too bleeding edge to be allowed on the bitcoin network are enabled in the testnet. It's a real place for experimentation. Litecoin doesn't have them, nor does Terracoin, nor does any of the other coins. Here's a list: http://bitcoin.stackexchange.com/questions/5884/are-all-the-coin-networks-consistent-in-which-script-actions-are-permitted-and/7472#7472

What social experiments?
There are some features enabled on Bitcoin testnet, Scripting for example with the OP_Codes, that have incredible potential for bitcoin.
Smart Property: https://en.bitcoin.it/wiki/Smart_Property objects with ownership determined by the blockchain. 
Scripts:  https://en.bitcoin.it/wiki/Script. Send and receive money based on logical evaluations.

How people might use or abuse these potentials is currently a big question mark, but as long as very few people are interacting on a chain with these features enabled, it's difficult to see what creative individuals might come up with.

Are testnet Bitcoins hard to mine?
Not currently. You can solo mine them quite easily, thousands in a day if you would like. There are also faucets where you can pick up a few coins for free.

A Tutorial is here: https://forums.butterflylabs.com/showwiki.php?title=Tutorials:Solo+Mining+For+Testnet+Bitcoins

But if we all jump on testnet does that ruin it for everyone else?
No, because you can run "Testnet in a box" anyone has the ability to start their own private testnet if there is something they want to experiment with that needs a predictable low difficulty.

Can we sell Testnet bitcoins?
You could if you really wanted to, although the bitcoin dev's tend to look down on this and have restarted the chain more then once in the past. Of course, nothing stops people from running the current version of testnet and forking bitcoin to keep the chain going and merging future bitcoin updates. It's up to the users.

But would selling Testnet Bitcoins be wrong?
Some people claim that its wrong to sell testnet bitcoins- but I disagree. Testnet is for experimentation and for developers. If you're developing an exchange, or a new type of bitcoin exchange, testnet is a perfect place to experiment with this. You can't use testnet in a box to experiment with building types of exchanges, because no one else would be on your chain and you would never learn about real user interaction. You can't experiment very usefully with OP_CODES where your money is linked up to a script if there is no one who values it.  In my own opinion, testnet needs to have some sort of economy in order to be truly useful in terms of developing bigger and better bitcoin applications.

So how is this better then *coin
It's better because it is IS Bitcoin. The knowledge gained from working with Bitcoin testnet is both directly applicable to Bitcoin today and to the Bitcoin of tomorrow. If you are new to crypto, Bitcoin testnet gives you a chance to learn about mining, about building applications about interacting with an active and responsive DEV team. 

How many coins do I get per block?
Testnet is just like bitcoin before the block halving. You get 50 coins per block.

Awesome, how do I get started?!?!?!
Resources:

• Testnet on Reddit: http://www.reddit.com/r/Bitcoin/comments/1arkyr/a_public_service_announcement_about_testnet/
• Testnet:https://en.bitcoin.it/wiki/Testnet
• Testnet Faucet: http://tpfaucet.appspot.com/
• Another Testnet Faucet: http://testnet.mojocoin.com/
• Testnet InstaWallet: http://tpfaucet.appspot.com/a/YLqR4JqHHqJMFsDkVpPxrD
• Testnet BlockExplorer: http://blockexplorer.com/testnet

Well, I knew immediately it was Cyclic Redundancy Check....

it would be funny to use a CRCXXX instead of SHA256

but I know you don't mean that

Carrots, Rum and More Carrots!

I'm surprised no one has guessed yet what "CRC" actually is!

I am sure that was humor

Simple example...

Normal address types: farmers, coyotes, rabbits & carrots.
Crazy address types: Elmer, Wile E, Bugs, Carrotbomb.

Details left as an exercise for the reader...

And thus begins the birth of GAC, Genetic Algorithms Coin :-) or we call it Cyberdine Coin for when it becomes self-aware :-)

Something like this might actually be a good idea. Each address could be like a creature in an ecosystem and have different attributes such as carnivore/herbivore/vegetable , fast vs slow, etc. and they either grow or drop in value based on random encounters with other creatures (addresses) in the ecosystem, how successful they are depends on what else is in the ecosystem and what game-theoretical behaviors they have set, and they could mate to produce new addresses based on the attributes of the original, etc.. If you do it right, geeks & game addicts would eat this up.

And with this post -- I retract my previous request to mine on this chain.
This is just beyond ridiculous.

Have fun!

I figured it out, your going to have random block times in this coin for the "crazy" part of crc :-)   the rabbit part... each pair of coins breeds new coins out of control until they get a disease or wolf/coyote coins come and devour them :-)

Have you gotten the bit message address for the info blast ready yet? And are you going to post it here?

Send me 0.5 BTC if you want to join Crazy Rabbit's friend list without waiting in queue.

Really eager to get in on this. Have followed Crazy Rabbit for a long while and he's always been one of the most positive and informative forum members, especially regarding Alt-coins.

I think his coin will be a fun and worthwhile experiment at the very least