Forks and alt blockchain etiquette | Bitcointalksearch.org

Explodicle

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Quote from: dayfall on August 17, 2011, 06:07:46 PM

Quote from: Explodicle on August 17, 2011, 09:52:09 AM

I liked how I0coin had a countdown, that felt "fair" and probably helps smooth out the original distribution.

It didn't seem fair to me. It was (and is still) quite broken. It was a countdown till most people could mine. "Come back after we mine 5000 blocks." Um, that is not exactly what I call fair. I bet the first 40k coins went to one or two people. Yeah, kinda like ixcoin.

Then again, I still sold my i0coins for BTC, so I am not complaining.

Oh, look. i0coin.exe just crashed again.

I stand corrected. I was under the mistaken impression that the countdown was for ALL mining, and that the starting difficulty would be close to the current Bitcoin difficulty.

dayfall

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Quote from: Explodicle on August 17, 2011, 09:52:09 AM

I liked how I0coin had a countdown, that felt "fair" and probably helps smooth out the original distribution.

It didn't seem fair to me. It was (and is still) quite broken. It was a countdown till most people could mine. "Come back after we mine 5000 blocks." Um, that is not exactly what I call fair. I bet the first 40k coins went to one or two people. Yeah, kinda like ixcoin.

Then again, I still sold my i0coins for BTC, so I am not complaining.

Oh, look. i0coin.exe just crashed again.

EricJ2190

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Quote from: Lolcust on August 17, 2011, 04:57:16 PM

Um, even if it does something innovative, it would still likely use IRC rendevouz since implementing something different would be so much fuss for very little gain. Perhaps using non-freenode server for the channel would do the trick, though...

Bitcoin uses irc.lfnet.org now, since it had problems with Freenode as well. I recommend asking lazlo before using it for your own fork, though.

Lolcust

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Quote from: Littleshop on August 17, 2011, 03:07:52 PM

Quote from: Lolcust on August 17, 2011, 12:02:14 PM

But a fork has no choice but to start its own channel on the IRC. How else would it work otherwise, indeed

?

Innovation?

Um, even if it does something innovative, it would still likely use IRC rendevouz since implementing something different would be so much fuss for very little gain. Perhaps using non-freenode server for the channel would do the trick, though...

wolftaur

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Don't start at difficulty 1. Holy hell that was one giant mess...

Littleshop

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Quote from: Explodicle on August 17, 2011, 09:52:09 AM

I liked how I0coin had a countdown, that felt "fair" and probably helps smooth out the original distribution.

Yes, and how it made miners move to it even BEFORE IT OPENED!

Littleshop

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Quote from: Lolcust on August 17, 2011, 12:02:14 PM

But a fork has no choice but to start its own channel on the IRC. How else would it work otherwise, indeed

?

Innovation?

Lolcust

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Quote from: ElectricMucus on August 17, 2011, 10:40:55 AM

Well on the one hand you have people wo think bitcoin will be the first and the last successful crypto-currency. On the other hand you have people who are looking for profit.

I think it's a test of character on the meta-level.

Well, technically, X-coins can do something other than just provide "slightly flavored" bitcoin for pump-and-dump ops.
Namecoin, for one, does.

I believe one could come up with an X-coin that will be explicitly useful for something other than quick buck. In fact, I think I might have an idea (it's too premature to share, though)

Quote from: Xephan on August 17, 2011, 09:47:26 AM

Quote from: Lolcust on August 17, 2011, 09:30:05 AM

Quote from: Tx2000 on August 17, 2011, 09:22:14 AM

#1. Don't bombard Freenode IRC

I believe this one deserves... elaboration. At least, as far as noobs like me are concerned

The bitcoin client needs a way to find other peers on the network. So it connects to freenode IRC and uses it as the broadcast network, which essentially looks like a botnet crashing into it when we get a massively anticipated new fork starting up Cheesy

But a fork has no choice but to start its own channel on the IRC. How else would it work otherwise, indeed

?

Explodicle

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Quote from: Xephan on August 17, 2011, 11:03:24 AM

Quote from: Man From The Future on August 17, 2011, 10:50:08 AM

Quote from: Xephan on August 17, 2011, 10:06:37 AM

Quote from: Explodicle on August 17, 2011, 09:52:09 AM

I liked how I0coin had a countdown, that felt "fair" and probably helps smooth out the original distribution.

It does the opposite actually. By counting down, it enabled those with massive hashrate to take advantage of their hashing power to grab majority of those coins without leaving a small window for the smaller players to get some and therefore spread it out.

Which is fair. they have hashing power, they get more coins...

But that contradicts his belief that it helps smooth out the original distribution Cheesy

And while it might sound fair that more hash power = more coins, the way bitcoin works, at low difficulties it means just significantly more hash power = most if not all the coins. Not exactly fair Wink

How can future cryptocurrencies avoid this problem? Either it's a secret like Ixcoin or public like I0coin, right? I'd rather professional miners get this advantage than whoever coded it and his buddies.

ElectricMucus

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Marketing manager - GO MP

disinfo

Xephan

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Quote from: Man From The Future on August 17, 2011, 10:50:08 AM

Quote from: Xephan on August 17, 2011, 10:06:37 AM

Quote from: Explodicle on August 17, 2011, 09:52:09 AM

I liked how I0coin had a countdown, that felt "fair" and probably helps smooth out the original distribution.

It does the opposite actually. By counting down, it enabled those with massive hashrate to take advantage of their hashing power to grab majority of those coins without leaving a small window for the smaller players to get some and therefore spread it out.

Which is fair. they have hashing power, they get more coins...

But that contradicts his belief that it helps smooth out the original distribution Cheesy

And while it might sound fair that more hash power = more coins, the way bitcoin works, at low difficulties it means just significantly more hash power = most if not all the coins. Not exactly fair Wink

Man From The Future

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Quote from: Xephan on August 17, 2011, 10:06:37 AM

Quote from: Explodicle on August 17, 2011, 09:52:09 AM

I liked how I0coin had a countdown, that felt "fair" and probably helps smooth out the original distribution.

It does the opposite actually. By counting down, it enabled those with massive hashrate to take advantage of their hashing power to grab majority of those coins without leaving a small window for the smaller players to get some and therefore spread it out.

Which is fair. they have hashing power, they get more coins...

ElectricMucus

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Well on the one hand you have people wo think bitcoin will be the first and the last successful crypto-currency. On the other hand you have people who are looking for profit.

I think it's a test of character on the meta-level.

Xephan

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Quote from: Explodicle on August 17, 2011, 09:52:09 AM

I liked how I0coin had a countdown, that felt "fair" and probably helps smooth out the original distribution.

It does the opposite actually. By counting down, it enabled those with massive hashrate to take advantage of their hashing power to grab majority of those coins without leaving a small window for the smaller players to get some and therefore spread it out.

Explodicle

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I liked how I0coin had a countdown, that felt "fair" and probably helps smooth out the original distribution.

Xephan

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Quote from: Lolcust on August 17, 2011, 09:30:05 AM

Quote from: Tx2000 on August 17, 2011, 09:22:14 AM

#1. Don't bombard Freenode IRC

I believe this one deserves... elaboration. At least, as far as noobs like me are concerned

The bitcoin client needs a way to find other peers on the network. So it connects to freenode IRC and uses it as the broadcast network, which essentially looks like a botnet crashing into it when we get a massively anticipated new fork starting up Cheesy

Lolcust

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Quote from: Tx2000 on August 17, 2011, 09:22:14 AM

#1. Don't bombard Freenode IRC

I believe this one deserves... elaboration. At least, as far as noobs like me are concerned

hugolp

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Radix-The Decentralized Finance Protocol

Quote from: Tx2000 on August 17, 2011, 09:22:14 AM

#1. Don't bombard Freenode IRC

#2. Dont spam the forums.

Tx2000

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#1. Don't bombard Freenode IRC

Lolcust

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Hello!

I would like to bring up the following topic for discussion:

While there is certainly no way to force any rules upon people who feel like starting a little chain of their own, perhaps we, as a community, can come up with list of voluntary suggestions regarding things and behaviors we would rather have, as well as behaviors we would rather not have, if possible, as far as such innovation is concerned?

A kind of, I might say, "bitcoin fork etiquette"?

Topic: Forks and alt blockchain etiquette (Read 1734 times)