Does anyone know what's going on with 42coin? (Showing 52 current supply)

megges

sr. member

Activity: 371

Merit: 250

Quote from: Spoetnik on December 01, 2015, 04:24:18 AM

This 42 coin fail is worse than when i got a cheeseburger at McDonalds and they forgot the beef patty.
I swear to god that happened too !
I got Trolled by Ronald McDonald LOL

bit offtopic, but yeah i got almost the same experience @mcdonalds some time ago, but it was not missing the beef, it was missing one of the two bun halves, even more epic i guess XD

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

This 42 coin fail is worse than when i got a cheeseburger at McDonalds and they forgot the beef patty.
I swear to god that happened too !
I got Trolled by Ronald McDonald LOL

BitcoinNational

legendary

Activity: 1470

Merit: 1010

Join The Blockchain Revolution In Logistics

why the sudden interest in 42?
another '42 discussion' thread https://bitcointalksearch.org/topic/42coin-thoughts-its-actually-getting-interesting-1262455

coin has some merit but needs a dev before it can move forward, plus old abandoning dev returned to do nothing more than lock the old OP thread, so a ship without Capt.

megges

sr. member

Activity: 371

Merit: 250

Quote from: Griffith on November 22, 2015, 03:08:34 AM

more than likely they the person who made the coin thought they had a limit of 42 but only set the transaction limit to 42 and the actual coin limit is higher. i can take a look in a second then edit this post

edit: i didnt have to look for more than 10 seconds... lol. on the github there was a merge commit on the 23rd of september (2015) where they actually set a hard limit to mining so that it fixes the max coin to 42.

https://github.com/fourtytwo42/42/commit/10247d029446163dfe3fa896b0747d5e21d8037c

however... since they are already well over 42 coins... there is no limit on the coins and the only way to fix this is to roll back the blockchain like 400,000 blocks.

so this coin is fucked on the only 42 coins principle.

tbh a lot of coin "devs" forget to put a limit on mining or staking so this will probably start to happen to a lot of poorly made clones in the future. i think 42 coin is just one of the first to actually hit the "max coin" number and have it fail

yep, its not the only coin which has this "problem" ... they just set the "max transfer limit", but this does not stop mining!

hdmediaservices

hero member

Activity: 630

Merit: 504

Ok - seriously -- did people actually believe that this coin was going to stop at 42?

I mean it is hard to believe anything that anyone says about any coin. None of these coins serve any purpose, but to mine and then convert to BTC in the end.

c0ffer

hero member

Activity: 672

Merit: 500

Gems:Crypto

Quote from: Griffith on November 22, 2015, 03:08:34 AM

more than likely they the person who made the coin thought they had a limit of 42 but only set the transaction limit to 42 and the actual coin limit is higher. i can take a look in a second then edit this post

edit: i didnt have to look for more than 10 seconds... lol. on the github there was a merge commit on the 23rd of september (2015) where they actually set a hard limit to mining so that it fixes the max coin to 42.

There is a bigger general failure on many levels if this was the first time the limit on the coin count has been discovered.

When this coin was released did no other person look at the code and determine if the count could go above 42? That's the point of open-source wallets.

Although it is also common for people to (incorrectly) think the transaction limit is the coin limit.

CoinHawk

newbie

Activity: 40

Merit: 0

Here is my take on 42coin. The developer Hendo420....I don't know what this guy is going but he is wasting an opportunity with this coin. Whether it gets back to just 42 coins or not, it can STILL be a major player if it gets cleaned up. The math is there on this coin. Its what...at 52 as of right now? And there is what...14 million bitcoins at the moment? That's still about 270,000 to 1. Now, consider LTC relative strength is about 100-1. It currently has about the same amount mined as well. Now I'm not saying 42 should have the same strength as LTC. Lets go big here to show just how out of whack this current market is for 42. Lets say 42's relative strength is 10,000 to 1 BTC. That is 1000 times less "relevant" than LTC. Id say that is beyond generous considering the name recognition this coin had at one point. at 10,000 to 1 BTC we should still be looking at a price of roughly 27 to 1 BTC right now. Its currently in the mid 2 to 3's.

Just as a frame of reference, I will use Dogecoin. Using the same algorithm, Dogecoin is only about 426-1 BTC. Im using 10,000 to 1 BTC as a basis for 42. There is SO much upside to this coin if a few people get their act together.

sirslayer

hero member

Activity: 540

Merit: 501

chickens and cryptos

i complained and many others were concerned about the forked block which my understanding occurred after the 42th coin was created but IDK but the end results came out good . Honestly I really liked the idea that more coins are made since if you ever mined 42coins,that they are very easy requirements (today a 500mhz scrypt miner is required to be profitable but that can change??) and predictable since it took 4 months to produce 10 coins and very fast transactions which Bitcoin lacks . The market price increased in the last month shows its a contender still and only thing I can say negative about the coin is that Cryptsy is where it survives and trades and Cryptsy is having issues right now.. Cryptsy might make or break 42coin

CoinaDay

newbie

Activity: 41

Merit: 0

That is the kludgiest, most hilarious fix ever. "Ooops, in this block we reached max supply; let's just stop now" Yeeeah, that's going to work. Grin

I bought about 0.1 42 around 4.2 BTC and just finally got (almost) fully out recently around 2 BTC or less. My own fault for thinking the original devs might've been mildly competent I suppose...like, you had one job guys...

Griffith

legendary

Activity: 1400

Merit: 1000

more than likely they the person who made the coin thought they had a limit of 42 but only set the transaction limit to 42 and the actual coin limit is higher. i can take a look in a second then edit this post

edit: i didnt have to look for more than 10 seconds... lol. on the github there was a merge commit on the 23rd of september (2015) where they actually set a hard limit to mining so that it fixes the max coin to 42.

https://github.com/fourtytwo42/42/commit/10247d029446163dfe3fa896b0747d5e21d8037c

however... since they are already well over 42 coins... there is no limit on the coins and the only way to fix this is to roll back the blockchain like 400,000 blocks.

so this coin is fucked on the only 42 coins principle.

tbh a lot of coin "devs" forget to put a limit on mining or staking so this will probably start to happen to a lot of poorly made clones in the future. i think 42 coin is just one of the first to actually hit the "max coin" number and have it fail

CoinaDay

newbie

Activity: 41

Merit: 0

It's showing a current supply of 52 on http://coinmarketcap.com/currencies/42-coin/ and http://42.blockexp.info/ ; now, I'm no expert, but my understanding was that 42coin was supposed to have, well, 42 coins max...so...what the fuck happened? Anyone? I'm really curious. Seems like it'll make for another interesting story of fuckery one way or another.

Topic: Does anyone know what's going on with 42coin? (Showing 52 current supply) (Read 849 times)