Topic: Is There Anything Fundamentally Wrong With EarthCoin? - page 2. (Read 2006 times)
Well, it is rumored that bitcoin itself was also heavily premined (Satoshi and few friends/colleagues probably mined about 1M BTC in times when BTC was just some proof-of-concept code run by few crypt-experts) and despite that it was a big success. So I don't see that much problem in Earthcoin, considering quite large part of it was given away .... there is still risk of someone dumping large amount of coins at once and destroying the price, but in the past, bitcoin have always recovered from that and risen back again and even further, so I'll be optimistic
Most of people does not like decimal points. Computer scientist does
As a software developer, I can say that floating point is complicated. (Read How Java's Floating-Point Hurts Everyone Everywhere)
As a software developer, I can say that floating point is complicated. (Read How Java's Floating-Point Hurts Everyone Everywhere)
I guess it's like litecoin. Doesn't have true innovation (although litecoin was the first scrypt coin). But there's nothing that stops his coin from being really successful
Actually that number of coins is I think maybe outside the safe range, there is an article somewhere pointing out that the numbers Satoshi chose carefully fit into the ranges of numbers various programming and script languages can conveniently work with.
Much more than 21,000,000 coins and something somewhere in some language or other breaks, kind of thing.
Unless you use less digits after the decimal point so as to free up more digits before the decimal point.
So if they have less than eight digits after the decimal it should be fine, assuming they chose the correct number of digits after the decimal to free up enough space before the decimal to accomodate that max number of coins.
-MarkM-
Much more than 21,000,000 coins and something somewhere in some language or other breaks, kind of thing.
Unless you use less digits after the decimal point so as to free up more digits before the decimal point.
So if they have less than eight digits after the decimal it should be fine, assuming they chose the correct number of digits after the decimal to free up enough space before the decimal to accomodate that max number of coins.
-MarkM-
Well, if it ever reaches 0.1 USD, then I will be one of the happiest miners on Earth...
The coin itself is technically sound so it is up to the developers to make it worthwhile in the long run to mine and trade (and use for online payments).
The coin itself is technically sound so it is up to the developers to make it worthwhile in the long run to mine and trade (and use for online payments).
Thanks for the replies.
The reason I ask is because EarthCoin is a perfect crypto-coin for my business to use, that is the name, logo, colors, theme and feel. Also I like the fact that it is a high-count coin, 13,000,000,000 or so, which means that coin should stay low in value, so between $.01USD and $.10USD for much of its life-span.
I have absolutely no issues with the pre-mine, it will have little or no effect on the coin and my intended implementation. In fact, if the devs do dump the coin and price falls, I will probably buy the majority for my own use.
I just want to be sure that the coin is a high-quality coin with no in-built issues or problems, such double-spend weaknesses, etc. before I put the wheels in motion.
The reason I ask is because EarthCoin is a perfect crypto-coin for my business to use, that is the name, logo, colors, theme and feel. Also I like the fact that it is a high-count coin, 13,000,000,000 or so, which means that coin should stay low in value, so between $.01USD and $.10USD for much of its life-span.
I have absolutely no issues with the pre-mine, it will have little or no effect on the coin and my intended implementation. In fact, if the devs do dump the coin and price falls, I will probably buy the majority for my own use.
I just want to be sure that the coin is a high-quality coin with no in-built issues or problems, such double-spend weaknesses, etc. before I put the wheels in motion.
How many other coins use the same type of hashing as it does to secure their blockchains?
Also, is it scrypt or some other type of hashing that non-specialised equipment can mine?
Remember that what makes bitcoin secure is the fact that more than half of the hashing power on the planet is securing it.
Are more than half of the machines capable of mining Earthcoin mining it? Or are more than half of such machines mining something else or not currently mining anything?
If more than half of the hardware on the planet that could choose to mine Earthcoin is not doing so, that means more than half of that hardware could choose instead to attack it...
The best way to feel reasonably confident a coin is secure is for more than half of the gear on the planet that could mine it to be mining it, because that indicates it is more profitable to mine it than to attack it.
If more than half of the gear on the planet that could mine it is not mining it, that is bad, as it maybe indicates that mining it is not the best use of the kinds of gear that could mine it. Leading to the question of whether it is worth attacking it. Maybe at some point even though it is not worth mining it might be worth attacking...
-MarkM-
Also, is it scrypt or some other type of hashing that non-specialised equipment can mine?
Remember that what makes bitcoin secure is the fact that more than half of the hashing power on the planet is securing it.
Are more than half of the machines capable of mining Earthcoin mining it? Or are more than half of such machines mining something else or not currently mining anything?
If more than half of the hardware on the planet that could choose to mine Earthcoin is not doing so, that means more than half of that hardware could choose instead to attack it...
The best way to feel reasonably confident a coin is secure is for more than half of the gear on the planet that could mine it to be mining it, because that indicates it is more profitable to mine it than to attack it.
If more than half of the gear on the planet that could mine it is not mining it, that is bad, as it maybe indicates that mining it is not the best use of the kinds of gear that could mine it. Leading to the question of whether it is worth attacking it. Maybe at some point even though it is not worth mining it might be worth attacking...
-MarkM-
well.........
there is nothing wrong with this coin,
accept that they pre mined about 320 million ! and that is for promotion purpose i think, s.a Givaway's ect ect
its strong fast and just beginning the future will tel eventely
querytime wil somtimes high but its oke , i hope there wil be a pool in holland to si i can switch over
i am mining at this pool and go's well : http://adtpool.co.uk/ steady and reculair pay outs wen you set it to 1
if you fee this post whas hellpfull feel free to put a smal donation at my Earthcoin adres : eY4WcL4tfDmyCeu5Y4SJ3ztHEiJeVRHS6H
there is nothing wrong with this coin,
accept that they pre mined about 320 million ! and that is for promotion purpose i think, s.a Givaway's ect ect
its strong fast and just beginning the future will tel eventely
querytime wil somtimes high but its oke , i hope there wil be a pool in holland to si i can switch over
i am mining at this pool and go's well : http://adtpool.co.uk/ steady and reculair pay outs wen you set it to 1
if you fee this post whas hellpfull feel free to put a smal donation at my Earthcoin adres : eY4WcL4tfDmyCeu5Y4SJ3ztHEiJeVRHS6H
It's a copy-paste with a few values tweaked. You can't really screw it up accidentally.
Yes, if you don't take objection to the pre-mine, it's a perfectly usable coin.
For me EarthCoin is just simple another ALT-coin.
I am also interested. Any experts or crypto-students?
I am fairly new to the Alt-coin scene, but see a real potential in EarthCoin. But before I get too much invested in EAC, the question I am posing to the experts is -
Is there any fundamental flaws with EarthCoin?
I am not referring to the pre-mine or the supposedly questionable dev team, but I am asking about the technical and mechanical characteristics of the coin... block time, confirms, security, anonymity, transaction fees, algorithm, long-term network health, DDOS, 51% attack, etc and etc. There is a lot I do not know about crypto-coins and I know that some coins have special features, such as the 51% attack shielding of GLD, quick transaction times of some coins, transaction messages, etc and etc. I know that EarthCoin does not bring any new innovations to the alt-coin scene, but is the coin solid and well-built for everyday usage.
Thanks!
Is there any fundamental flaws with EarthCoin?
I am not referring to the pre-mine or the supposedly questionable dev team, but I am asking about the technical and mechanical characteristics of the coin... block time, confirms, security, anonymity, transaction fees, algorithm, long-term network health, DDOS, 51% attack, etc and etc. There is a lot I do not know about crypto-coins and I know that some coins have special features, such as the 51% attack shielding of GLD, quick transaction times of some coins, transaction messages, etc and etc. I know that EarthCoin does not bring any new innovations to the alt-coin scene, but is the coin solid and well-built for everyday usage.
Thanks!
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