New Cryptocurrency written using 'Rust', looking for another programmer

mczarnek

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Quote from: Tinkles on October 06, 2015, 09:21:45 PM

Sounds interesting. where's the source, you got a github?

Not yet, I'll probably throw one up soon though.. trying to decide if we should just put it all out there before we are ready to launch.

Anyway, send me a private message with email address, and maybe a little bit about your background? I'd be willing to share my part of the source so far though.

We have two Rust programmers including me and two web guys.

Tinkles

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Sounds interesting. where's the source, you got a github?

mczarnek

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Merit: 503

Quote from: tromp on September 30, 2015, 04:24:41 PM

Quote from: mczarnek on September 30, 2015, 03:54:37 PM

not POW or POS or POC. It is a blockchain though.

Just remember, Nothing is Cheaper than Proof of Work, according to

http://www.truthcoin.info/blog/pow-cheapest/

Honestly that article is a little hard to read in my opinion, though I think I get the idea. Think this same idea might at least partially get around it too though... we'll see.

We've got 4 coders on board at this point anyone else interested? Maybe another guy who would be interested in learning Rust? Happy to teach the cryptocurrency side of things.

Or a lawyer, so we can ask a couple trademark like questions and maybe a couple other things?

Or a marketer? Though we mostly have that covered.

Basically anyone who thinks they have skills, let me know and maybe we can put you to work.

tromp

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Quote from: mczarnek on September 30, 2015, 03:54:37 PM

not POW or POS or POC. It is a blockchain though.

Just remember, Nothing is Cheaper than Proof of Work, according to

http://www.truthcoin.info/blog/pow-cheapest/

mczarnek

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Activity: 527

Merit: 503

Quote from: tromp on September 30, 2015, 01:34:48 PM

Quote from: mczarnek on September 30, 2015, 01:27:26 PM

Quote from: mczarnek on September 28, 2015, 08:19:29 PM

I am in the process of writing a new cryptocurrency, because of the uniqueness of the mining algorithm

not POW or POS or POC. It is a blockchain though.

If it's not PoW then there's no mining.
If it's not PoS then there's no staking.

You may have to pick a new verb...

Indeed.. will have to think about it.

tromp

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Quote from: mczarnek on September 30, 2015, 01:27:26 PM

Quote from: mczarnek on September 28, 2015, 08:19:29 PM

I am in the process of writing a new cryptocurrency, because of the uniqueness of the mining algorithm

not POW or POS or POC. It is a blockchain though.

If it's not PoW then there's no mining.
If it's not PoS then there's no staking.

You may have to pick a new verb...

mczarnek

hero member

Activity: 527

Merit: 503

Quote from: tromp on September 29, 2015, 08:11:19 PM

Quote from: mczarnek on September 28, 2015, 08:19:29 PM

I am in the process of writing a new cryptocurrency, because of the uniqueness of the mining algorithm, it needs to be re-written from scratch.

Are you using Hashcash for proof of work (with your own custom hash function) ?

No, more unique.. not POW or POS or POC. It is a blockchain though.

tromp

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Quote from: mczarnek on September 28, 2015, 08:19:29 PM

I am in the process of writing a new cryptocurrency, because of the uniqueness of the mining algorithm, it needs to be re-written from scratch.

Are you using Hashcash for proof of work (with your own custom hash function) ?

mczarnek

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Activity: 527

Merit: 503

Appreciate it 50_cent!

Anyone else? I've got big plans for this currency. This currency is going to be the result of almost 2 years of trying to fix all the things I thought were problems with Bitcoin.

50cent_rapper

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I have a C++ guy interested in writing something in Rust. I'll ask him tomorrow about this. He is not a big fan of bitcon though.

50cent_rapper

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Quote from: mczarnek on September 29, 2015, 01:35:17 PM

Quote from: 50cent_rapper on September 29, 2015, 01:24:05 PM

Quote from: mczarnek on September 29, 2015, 01:16:28 PM

The coin I am making is pretty unique and different from any other coin I've seen out there.

Let me talk to you via private message, I suspect we could work something out though, particularly if you guys have any developers or marketers that I could hire, such as you.. mostly paying stock options for now but I could probably pay one developer in cash to help with a few of the smaller features required for the initial release. At that point we can get investors and have enough money to hire others.

Will there be an IPO/ICO Huh

Potentially.. the coin will mostly be mined but I may start with some initially sold in that fashion to raise some development funds.

I will postpone some money for it.

There is Skycoin written on Go, intresting to see large scale app on Rust.
Coin written on Swift is in the queue ;-)

mczarnek

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Activity: 527

Merit: 503

Quote from: 50cent_rapper on September 29, 2015, 01:24:05 PM

Quote from: mczarnek on September 29, 2015, 01:16:28 PM

The coin I am making is pretty unique and different from any other coin I've seen out there.

Let me talk to you via private message, I suspect we could work something out though, particularly if you guys have any developers or marketers that I could hire, such as you.. mostly paying stock options for now but I could probably pay one developer in cash to help with a few of the smaller features required for the initial release. At that point we can get investors and have enough money to hire others.

Will there be an IPO/ICO Huh

Potentially.. the coin will mostly be given to people via mining but I may start with some initially sold in that fashion to raise some development funds.

50cent_rapper

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Quote from: mczarnek on September 29, 2015, 01:16:28 PM

The coin I am making is pretty unique and different from any other coin I've seen out there.

Let me talk to you via private message, I suspect we could work something out though, particularly if you guys have any developers or marketers that I could hire, such as you.. mostly paying stock options for now but I could probably pay one developer in cash to help with a few of the smaller features required for the initial release. At that point we can get investors and have enough money to hire others.

Will there be an IPO/ICO Huh

mczarnek

hero member

Activity: 527

Merit: 503

The coin I am making is pretty unique and different from any other coin I've seen out there.

Let me talk to you via private message, I suspect we could work something out though, particularly if you guys have any developers or marketers that I could hire, such as you.. mostly paying stock options for now but I could probably pay one developer in cash to help with a few of the smaller features required for the initial release. At that point we can get investors and have enough money to hire others.

runpaint

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Activity: 518

Merit: 250

You're talking to them now. The dev abandoned the coin and recently offered to release a new wallet if we paid him. I told him to get lost.

I have a shiny new website, Fractalcoin.us which hosts a blockchain bootstrap, source code, wallet downloads, detailed instructions for beginners who want to mine, and all kinds of links. But I haven't ever shared that url before now because I'm waiting to get Fractalcoin added at CoinPayments.net, and waiting to get my online store running so I can offer a 25% discount for Fractalcoin.

I also just donated 15,000FRAC to the faucet at MultiFaucet.tk, which is hosting our block explorer.

The coin supply stands at less than 800,000, and there will never be any more because PoW block rewards are over. The mining now runs only on transaction fees.

The DNS seeder is offline, it's hard to find connections, so I'm running multiple nodes and giving people my peers.dat. Not many people are mining because of the small rewards. We could use a change.

So if you need an initial distribution, you could accomplish that and absorb the other Fractalcoin at the same time.

What kind of coin supply and block rewards are you looking at? Fractal block reward reduction?

mczarnek

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Quote from: runpaint on September 29, 2015, 11:19:42 AM

Quote from: mczarnek on September 29, 2015, 10:03:11 AM

Coin is going to be named 'Fractal'

Would you be interested in doing a coin burn/swap from the original Fractalcoin and making it a relaunch for existing users? It launched over a year ago, it's already listed on Cryptsy, and it would bring over a small but established base of users.

Yeah, we choose the name first, then we did realize there was a coin with that name. It seemed like the coin died.. market cap of < $6000? Dead site, etc.

Fractal just so perfectly describes one of the key concepts of what is unique about this coin.

We could talk to them, my first inclination is I want to start from scratch but would be willing to talk to them, maybe some very small piece of the coin. Feel free to put some of them in touch with me.

runpaint

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Activity: 518

Merit: 250

Quote from: mczarnek on September 29, 2015, 10:03:11 AM

Coin is going to be named 'Fractal'

Would you be interested in doing a coin burn/swap from the original Fractalcoin and making it a relaunch for existing users? It launched over a year ago, it's already listed on Cryptsy, and it would bring over a small but established base of users.

mczarnek

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Activity: 527

Merit: 503

Quote from: bcdev on September 29, 2015, 10:04:59 AM

Quote from: mczarnek on September 29, 2015, 10:03:11 AM

Quote from: bcdev on September 29, 2015, 09:59:42 AM

Quote from: mczarnek on September 29, 2015, 09:34:48 AM

Good point. One fix is to allow account balances to dip into negative, keeping track of which accounts currently have negative balances. And when finished processing, accept the block only if no such account balances exist.

This method is applicable only to payments. It won't work on advanced features like asset exchange.

Nah, same idea, just treat every asset balance like a seperate account balance for that account.

You still have to have some canonical order for market orders.

True, maybe a little trickier but I don't see it being impossible. Perhaps something like your chaining idea could be involved or the block creator could simply include a numbering for all trades on same asset in same block. And again, right now I'm focused on version one, assets probably won't be till version 3, and parallelizing their processing until later still.. or perhaps parallelize first, then assets. Either way, I'm still in the early stages of the initial product, eventual parallelization was just meant as one more reason for choosing Rust.

CfB based on the previous conv, sounds like you are too busy for something like this. Bcdev,would you be interested?

bcdev

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Quote from: mczarnek on September 29, 2015, 10:03:11 AM

Quote from: bcdev on September 29, 2015, 09:59:42 AM

Quote from: mczarnek on September 29, 2015, 09:34:48 AM

Good point. One fix is to allow account balances to dip into negative, keeping track of which accounts currently have negative balances. And when finished processing, accept the block only if no such account balances exist.

This method is applicable only to payments. It won't work on advanced features like asset exchange.

Nah, same idea, just treat every asset balance like a seperate account balance for that account.

You still have to have some canonical order for market orders.

mczarnek

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Activity: 527

Merit: 503

Quote from: Come-from-Beyond on September 29, 2015, 09:56:48 AM

Got it, guys. What is the name of the currency, so I could spot it when it's released and check how parallelization works?

It's going to be a little bit, least 2 months, probably 3ish.

Coin is going to be named 'Fractal', happy to ping you and let you know. Feel free to do the same when you release your new project.

And like I said, parallel processing probably won't be in version 1.

Quote from: bcdev on September 29, 2015, 09:54:11 AM

@mczarnek: Do you have in mind a tx-based currency [like Bitcoin] or account-balance-based one [like NXT]?

I'm planning account based, makes blockchain trimming much more compact.

Quote from: bcdev on September 29, 2015, 09:59:42 AM

Quote from: mczarnek on September 29, 2015, 09:34:48 AM

Good point. One fix is to allow account balances to dip into negative, keeping track of which accounts currently have negative balances. And when finished processing, accept the block only if no such account balances exist.

This method is applicable only to payments. It won't work on advanced features like asset exchange.

Nah, same idea, just treat every asset balance like a seperate account balance for that account.

Topic: New Cryptocurrency written using 'Rust', looking for another programmer (Read 2608 times)