Topic: [NEW: WAR OF LIFE GAME!] The Real Altcoin [SHA-256] - page 10. (Read 36855 times)

Why would we go using shares as currency, when we have TWO great currencies now?!

Do you pay in AM100 shares, as well?

As long as I know I can trust you to remember to punch me in the throat as soon as I do/say something stupid, all is well.


Great XKCD link, btw... since that's your full time job, you really should tell MP it's time for a raise. The tide of newbies is rising, and I hear he had a good year last year. We're not all going to educate ourselves.

Speaking of which, TAT, should we be saying ALT or ATC or ALC? I think the home page says ATC. That seems to go well with BTC, just one step ahead, like HAL was to IBM.

Sir, I will cut you down where you stand, so help me Satoshi!

Dammit. The only rapier I have is my wit. Um... let's see... never bring a knife to a gunfight?

I'll offer 303!

Yes, I got tired of waiting and it was a small buy. I'm halfway to that pizza, I can taste it already. Now who's The Greater Fool, people? Enh? Enh? Wait a minute... aw, never mind. I accept my fate.

I'll offer 300 satoshi per ATC for the rest of today (GMT), any takers?

I wonder, were we the first non-mining transaction on this chain? Embarrassed that I don't know how to tell without a Bootstrap-formatted web site to tell me. See, this is why I'm here, to get schooled.

Thanks Pankkake!

You have me figured out all wrong. And besides...how could ALT possibly not need you.

300 satoshi each or 300 satoshi total?

I think if it doesn't happen today, we should move forward with reverse-engineering.

Anyone know how to do this? What kind of bounty is appropriate?

So... ThickAsThieves, is source code going to happen or was it too late to get it from the guy after the fact?

If not available, should we rev-eng or regen it? I can ante up for that if needed, let me know.

Oh that is classic, I remember that exchange. And thank you... I was sure you were going to rip into us for "wanting to be part of something" that "doesn't need us". I know it doesn't... I just want to enjoy the show, and maybe come up with one useful idea before I die. Even if that is just making crypto 1% approachable for people don't even deserve it, I'll count that as a win.

This guy gets it.

Life is but a photograph, smile or hold the camera.

Speaking of which, allow me to link you to #bitcoin-assets' bash #1 entry: http://bash.bitcoin-assets.com/?quote=1

But generally: you sound a lot more balanced than the people here. I guess that explains your handle.

Well said.  No one knows how or where this will end, but this protocol of peer to peer payment is revolutionary.

The experiment with crytocurrencies for those currently involved provides a unique opportunity to experience a slice of history. Some missed the computer revolution in the 70's/80's, others were still in diapers. Some missed the internet, others were still in elementary school.

Those of us here and now cannot know where it will end, or even if it will end. But we do have a feeling that we are smack in the middle of it, like standing in Berlin the day the wall came down. What we do collectively will be taught in history books.

We may all make mistakes and piss away our coins, be they bit, or lite, or alt. But the most important result is to proudly proclaim: "we were part of it, and we created it".

No argument on any of that. Doge and the other *alts act as a nice holding pen for noobs of varying experience / ability / insight who want to own a billion of something (however worthless) rather than 0.0123 of something (however valuable). We are all served by, and deserve, the tech we choose.

I choose BTC for real life, where I'd rather not learn by trial and error, and ATC as well, a school, a place where I can screw up and have a do-over. As someone well aware that he is absolutely not qualified to host yet another Bitcoin exchange or other high-value, high-risk site, ATC seems a fine lab environment to write code around a tiny blockchain, create wallets, sites, services that maybe no one will ever use... Or rather, tools that I may never even start, let alone finish.

I'll come out of it knowing more than I did before, and be that much closer to creating something useful down the line for Bitcoin users. Or not, who knows? That's entrepreneurship right there:

1) Try something, 2) See what happens, 3) Repeat.


Exactly! I want to buy a pizza with 10k ATC and regret it later. I'm even willing to throw away a fraction of a Bitcoin (and regret that later too) for the experience.

That's the best euphemism for "fucktarded kids with no money and no clue" I ever did hear!

Doge is roughly speaking the filter in the fish tank: it sucks in all the shit&scum - the people stupid enough to fall for scams after they've been worked out of their last penny; the wanna-be "daytraders" living with their parents & assorted ten dollar dreamers; the coffee shop ideologues and armchair strategists plus all the rest of the useless internet population - the kids being parented by the web because their parents don't care enough and/or can't afford anything better; the sort of autistic savants that spend their time updating wikipedia, voting on reddit and so forth.

Keeping Bitcoin clear of all this is a great service, for which a group of marketeer wanna-be entrepreneurs is graciously paying. Their burn rate sadly means they'll run out of money to pay for all the shilling, which means this attempt's getting shelved soon enough. Fortunately however, there'll be legions more idiots who have no idea how to math, and have no data upon which to math, who'll start over trying to be "as successful as Doge". How are they to know that a few months in the aggregate ROI was barely 60%, and otherwise a monotonous degressive function. Spam works pretty much the same way - no one's actually seeing green, but there's no shortage of people who imagine that they will, and so it keeps going on. A torch always carried by new people is still moving, after all.


And those comments aren't worth a satoshi per.


Fun fact: at the time of the 10k BTC for a pizza deal, Bitcoin was worth ~100 satoshi per (ie, 1,000,000 of those BTC = 1 of today's BTC).

Thanks Rival, good luck to you too.

If you hear of any pools / exchanges / news, I guess this is the place we post 'em for those not on IRC.

Reminds me, TAT quoted me over on #bitcoin-assets...


I'm not sure if he was making fun of me or not -- I know he's not a fan of altcoins in general. I'm not sure I am either. But I think I can learn something from them.

The reason quoted above is just one aspect of my interest in ATC... I know it's not the only SHA-256 cryptocoin after BTC, and that thanks to coingen there will be plenty more. But I'm trying to figure out what happens to, say, 10PH/s of equipment currently pointed at Bitcoin when newer gear renders it obsolete. IIRC, Litecoin and the other scrypt alts were all born out of people trying to wring value from obsoleted graphics cards. That is going to happen with the first gen ASICs too, and then it is all going to be about branding in the SHA-256 alt space.

To be clear, because I took this as a given in previous posts: as far as I'm concerned, Bitcoin is the One True Cryptocurrency. It's the Honey Badger -- it don't care about any of the alts... it don't need to. I've never been interested in any alts until Altcoin popped on the radar. Sure, a big pool could wreck it as you would swat a bug.  But until then, it looks like a nice little lab, a safer playground to really explore the Bitcoin source and try out ideas:

"Hrm, let's see... It doesn't have a pool. How would someone even make a pool? If I was going to hire that financial programmer I know to make an altcoin exchange that didn't suck, where would I start? What does it take to make a block explorer site?"

Bitcoin is an investment and a tool and a teacher (mostly of regret, amirite?). I want Altcoin so I can experiment and have things blow up in my face without actual damage, without the stress of losing Real Money (Bitcoin). Playing with Altcoin would be a safer kiddie pool to learn to swim in.

It's like being around for the early days of Bitcoin, only:

• it's a Groundhog Day version where you've seen it all unfold before,
• you don't have to explain it to Unbelievers,
• pools, dice sites, and wallets have already been invented,
• you're hearing about it in the first week.

I see this as a do-over. What do you do differently this time? (Hint: figure out how to mine and Do It Already since no one is selling yet.)

Sure, I could head over to coingen and whip out Altcoin2. Anyone could. (Pro tip: pay up for the source code next time, for crying out loud. TAT: How's that coming, anyway?)

But I know from experience that some of the most solid services in Bitcoin have sprung from the mad whims of the crew of the good ship #bitcoin-assets, and even an alt they start as a joke will likely be the start of something more useful than any alt to date.

If "useful" one day turns into "valuable", then awesome, yay us. If it doesn't, the reset button is always within reach. But I intend to learn a lot from this sim before I press it.

I tend to think those who mined early are more likely to hold for some extended time, at least until there are some pools and exchange trading.  Picking them up on the "cheap" this early on may not be quite as easy as it sounds.

But best of luck to those trying, I could be wrong.