Pages:
Author

Topic: [Network Repaired][ANN][BITS] BitSeeds - A Currency that Grows! - page 22. (Read 36467 times)

newbie
Activity: 28
Merit: 0
What you're saying is that you wouldn't want bitcoin miners to have a vote when those miners are the ones that cause the most destruction given the volume of mining. We disagree.

GPU mining is a joke compared to the power behind the bitcoin network.  The economic design of this coin took this scenario into account.

If a major bitcoin mining farm wanted to have a say, we allowed it.

That's no joke.

Well, considering that the ASIC farms are located in Central Washington state (Hydroelectric power from Grand Coolee Dam 1 cent KWH); Iceland (geothermal power, cooling by outside cold air,  at 2 cents a KWH) and the mountains of China (Nuke power with outside cold air cooling), there isnt much distruction going on there.

Perhaps you think that the ASIC farms are cutting down trees and burning wood for electricity?
This project is in regard thinking about the world as a whole.

If one wants to speculate on the motivations for the individual who is currently on the network then positive speculation is as equally valid as negative speculation given the facts available.

I choose to be positive.

Perhaps this miner is making a statement for all miners of every algo.
newbie
Activity: 28
Merit: 0
It's still on the network.

I invite anyone to check the blockchain for the evidence, as I have stated before. Proof of stake networks cannot be time warped.  The code is on GitHub.

The blockchain is difficulty is being manipulated in just such a way that other pools are hitting blocks in the mayhem.

If one wanted to be positive about things it would not be out of line to suspect that this individual is sharing.
member
Activity: 112
Merit: 10
Just a super small theory.

The reason your network hash showed 130phs, is because you got attacked, or you have a backdoor in your code that you utilized.  The explorer read it as 130phs because that would have been the amount of network power required to generate the blocks in that amount of time given no diff, or no diff change.

Because, I would GGGGGGGGUARANTEE no one with access to 130phs would even have looked at your coin.  That amount of revenue lost would have been astronomical.

So tl:dr you didn't really have 130phs, thats just a system calc for those mysterious 7k blocks.
hero member
Activity: 700
Merit: 500
Member of the Crypti Foundation Board of Directors
What you're saying is that you wouldn't want bitcoin miners to have a vote when those miners are the ones that cause the most destruction given the volume of mining. We disagree.

GPU mining is a joke compared to the power behind the bitcoin network.  The economic design of this coin took this scenario into account.

If a major bitcoin mining farm wanted to have a say, we allowed it.

That's no joke.

Well, considering that the ASIC farms are located in Central Washington state (Hydroelectric power from Grand Coolee Dam 1 cent KWH); Iceland (geothermal power, cooling by outside cold air,  at 2 cents a KWH) and the mountains of China (Nuke power with outside cold air cooling), there isnt much distruction going on there.

Perhaps you think that the ASIC farms are cutting down trees and burning wood for electricity?
newbie
Activity: 28
Merit: 0
What you're saying is that you wouldn't want bitcoin miners to have a vote when those miners are the ones that cause the most destruction given the volume of mining. We disagree.

GPU mining is a joke compared to the power behind the bitcoin network.  The economic design of this coin took this scenario into account.

If a major bitcoin mining farm wanted to have a say, we allowed it.

That's no joke.
hero member
Activity: 700
Merit: 500
Member of the Crypti Foundation Board of Directors
You guys were lazy and used the open source BTC code.  You could have used Scrypt-Jane, X13, or any of the other non-ASIC algos.

This further shows your inexperience and naivety  in crypto and business in general.  Also a lack of planning. 

What a joke.
newbie
Activity: 28
Merit: 0
If this is an attack or not I'll let you experts here decide.

Edit to add:  What kind of person would attack a charity?

That's bitcoin level hashrates. I don't think anyone that invested in bitcoin is threatened by trees.
hero member
Activity: 551
Merit: 500
Oh so he is attacking the network  Roll Eyes
hero member
Activity: 700
Merit: 500
Member of the Crypti Foundation Board of Directors
That's correct.  The miner with the 130 petahash is collecting all of the coins and is mining in a specific pattern to do so.

maybe he knows the solutions prior to launch
newbie
Activity: 28
Merit: 0
That's correct.  The miner with the 130 petahash is collecting all of the coins and is mining in a specific pattern to do so.
hero member
Activity: 551
Merit: 500
So the 90 day mining period is now 45 days.
newbie
Activity: 28
Merit: 0
Exactly how many people in the world have access 130 petahash?

Thank you for your vote of confidence, however that is outside of our capabilities.

That miner was, for a time, on the public pools.  The evidence is in the blockchain.

https://usercontent.irccloud-cdn.com/file/o2qWl5ZL/IMG_5283.PNG
hero member
Activity: 700
Merit: 500
Member of the Crypti Foundation Board of Directors
Looks like a lot of people are salty and possibly jealous that this coin, in under 48hrs of being launched, had a 3rd of bitcoin's hashing power on it.

Game on.

And wont they be disappointed when they discover that the devs have pre-mined about 7000 blocks (700,000 coins) without disclosing it?  That is in addition to the 100 million coins that are supposed to be in a "lockbox".  
hero member
Activity: 700
Merit: 500
Member of the Crypti Foundation Board of Directors
The business model for the RainForest Foundation relies on donations from the jet setting celebrity class, not porn watching twenty-somethings that still live in Mom's basement.

The jet-setters need to relieve their guilt, and any criticism they might get from the public for their wasteful ways.  When they fly the Gulfstream to "the resort" and burn 20,000 lbs of fuel, producing 220,000 pounds of CO2, they then send $2000 to the Rainforest Foundation to plant 1000 trees, that will in their lifetime, absorb that much CO2.  Guilt abated.  Ready for next holiday trip.

jr. member
Activity: 153
Merit: 1
Looks like a lot of people are salty and possibly jealous that this coin, in under 48hrs of being launched, had a 3rd of bitcoin's hashing power on it.

Game on.
legendary
Activity: 1610
Merit: 1003
"Yobit pump alert software" Link in my signature!
Also when you're at your computer, can you tell me the winning lotto numbers next week, since it seems you have the ability to time travel?

5 minute blocks, launched Friday night, and now at block...basically 8,000.  I'm no math genius, but that should be about 27 days in the future..today...

Even at 1 minute blocks that should be 5.5 days...

I've actually lost respect for Richie for adding your coin, even if you paid him to be added.  Thought he had more sense than this.


Congrats........ you have discovered the scam,..... er..... I mean, BUSINESS PLAN. 

Step #1.... get lots of coins, hopefully without the community knowing

Step #2.... get listed on an exchange.  Pump the coin on social media.

Step #3... wash trade the coins to a high value.  (buy your own coins for 1,000,000 satoshi each)

Step #4.... sell to the chumps that think your coin is going TO THE MOON!!

Step #5.... withdraw BTC and send to bitcoin mixing service

Step #6.... enjoy

You forgot "Rinse and repeat"

member
Activity: 112
Merit: 10
So basically you approached the Rainforest foundation and told them you will give them the revenue from all these staked coins in exchange for them attaching their name to it. They have little to lose and "$1.5 billion over 100 years" to gain.

I also share the above opinion. This currency will not even take off. Sorry guys.
hero member
Activity: 700
Merit: 500
Member of the Crypti Foundation Board of Directors
Also when you're at your computer, can you tell me the winning lotto numbers next week, since it seems you have the ability to time travel?

5 minute blocks, launched Friday night, and now at block...basically 8,000.  I'm no math genius, but that should be about 27 days in the future..today...

Even at 1 minute blocks that should be 5.5 days...

I've actually lost respect for Richie for adding your coin, even if you paid him to be added.  Thought he had more sense than this.


Congrats........ you have discovered the scam,..... er..... I mean, BUSINESS PLAN. 

Step #1.... get lots of coins, hopefully without the community knowing

Step #2.... get listed on an exchange.  Pump the coin on social media.

Step #3... wash trade the coins to a high value.  (buy your own coins for 1,000,000 satoshi each)

Step #4.... sell to the chumps that think your coin is going TO THE MOON!!

Step #5.... withdraw BTC and send to bitcoin mixing service

Step #6.... enjoy
member
Activity: 70
Merit: 10
Just wondering if you have any bounties.

I am a writer, SEO expert, been it crypto for about 2 years now and have a lot of time in my hands. Also I speak fluent spanish.
member
Activity: 112
Merit: 10
Also when you're at your computer, can you tell me the winning lotto numbers next week, since it seems you have the ability to time travel?

5 minute blocks, launched Friday night, and now at block...basically 8,000.  I'm no math genius, but that should be about 27 days in the future..today...

Even at 1 minute blocks that should be 5.5 days...

I've actually lost respect for Richie for adding your coin, even if you paid him to be added.  Thought he had more sense than this.
Pages:
Jump to: