Topic: Nexus - Pure SHA3 + CPU/GPU + nPoS + 15 Active Innovations + More to Come - page 381. (Read 785514 times)

Our exchange algorithm will prevent that. Coinshield trade channels will use a highly advanced trade algorithm. It will take into account several factors, including value of both coins and the current buy orders of the shitcoin, as well as how many of the total supply we have already traded in and dumped. As we dump more of the coin it will decrease in value and the BTC that is generated will be automatically used to build buy walls (increase CSD value) which in turn will cause future trade in offers/value to be lower then the ones prior. If someone bought all the coins on the market our trade algorithm would not accept so many coins in 1 transaction, allowing it to offer a new trade (lower) price for the next transaction. So while they make some profit they will lose overall, and the coinshield community will win via the buy walls that were created from someone attempting such a scheme. The community will win as well (one less shitcoin).

This is just a what if, what if someone watches your voting and moves in advance of your action. Like buying all the coins on the market. Then selling them off for a premi?

copy paste of MASTCOIN, the Coin Recycler, the latest innovation from the MAST team (public beta)

http://recycle.mastiffcoin.com/ -public beta working
http://mastcoin.co/vote - vote coin to recycl

I'm not sure what Deletecoins full specs are as their site is down. Coinshield will have multiple mining algorithms (CPU+GPU). It will be POW+POS. It will have its own mining algorithms. It will have its own difficulty retargeting algorithm. Coinshield offers to protect the hard work of developers via it's Coinshield Verification process (see op for more info). These are just some of the new features that were created for this coin. All will be listed prior to launch.

Thank you for your input on the algorithm, I will pass it over to Videlicet. When the community chooses to use the kill feature of coinshield, it will work as follows:
1. Community passes a petition.
2. Coin is then added to voting.
3. The coin with the most votes gets a trade channel to open.
4. Via the trade channel, Coinshield is exchanged for that coin.
5. The coin is then automatically sold.
6. BTC generated from the sale is then used to build buy walls.

This will effectively keep the value of a coin to a minimal. Coinshield will not only kill its economy, it absorbs it.

As for the voting abuse we posted this earlier:
What do you feel X should be in the voting check above? Also, If we got rid of the petition process (as you suggested) who would decide what coins are added to the voting system?

little change and this is a new coin, was Deletecoin --- became Coin Shield,  how it hard!!!

delete coin shield

Another DELETECOIN https://bitcointalksearch.org/topic/anndeletecoin-get-in-while-you-still-can-511880, SCAM

New coin new Channels.

Do you have any reliable numbers to allow you to reach that conclusion? I'd be most interested if you could share them.

Cheers,

Graham

I like the idea of this coin.

We really don't need half of the coins out there. The nomination idea, is similar to how many DDOS groups operate.

I have some hash rate i'll put in for this.

I am up in the air about algo though. I like GRS because my equipment runs cooler. But having some scrypt asics on board would sure help to kill small hasrate coins. Or am I misunderstanding how the "kill" process will work?

is the plan to mine and dump or fork the block chain?


The nomination process doesn't interest me as much. Just put it to a vote. You could even make people pay with coin to vote so the system doesn't get abused.

Graham,

I am in complete agreement with your notion of an "ostensive definition" being the only probable way to convey the meaning of [shit]coin.
I will ponder this.

~Videlicet

Have it your way, it's your funeral; garbage in, garbage out. It was either an obvious troll or from a naif.


No-one can produce a recognisably satisfactory definition of [shit]coin because there isn't one to be derived, just as there's no derivable definition for Art.

This isn't a technological issue, it's an epistemological one. Membership of the category that you label [shit]coin does not admit of either an intensional or an extensional definition but only of an ostensive definition. The wikipedia entry will tell you all you need to know. The deliberately heavy-handed humour used to lace the OP text may well have created a context for quasi-ostension, exacerbating the problem.

No-one was ever going to able to produce an intensional definition of [shit]coin and by prodding you hard in this soft area, I hoped to make you think a lot harder about what you're planning to do. The one thing that can be pretty much guaranteed about an ostensive definition is that the process is inherently strongly social, I was hoping you would eventually arrive at that insight. Unfortunately, the tech community is by and large painfully innocent of how much additional grief they incur from the proudly-held ignorance of the tools developed by the much-sneered-at "soft sciences" and this is a classic example.

Fortunately, there's an exit, a re-framing of the process to invert the control, allow coins to petition to be rescued. The petitioners are making the categorisation and if the CoinShield process works as expected, investors will press for petitions to be opened, there will be competition to get a petition accepted, arguments will be more focused and effective, voting will become a popular contributive activity. And when CoinShield later subtly repositions itself to become the first to offer insurance to altcoin operators, no-one will be in the least bit surprised.

Cheers

Graham

I was using one of the suggestion that was given:
"1. A coin is an exact copy of another, besides name."
I will edit the above post to include both suggestions.

EDIT:
If anyone else wants to define what a shitcoin is please post.

Incorrect as stated, as I hope you must know. Obviously-gratuitous hyperbole serves only to diminish the cogency of your argument and in this case, given that you have invited people to state their opinion, sails dangerously close to being insulting to those who made the effort to do so.

Cheers,

Graham

We are creating Coinshield (just the coin itself) to have many features not found elsewhere. Our coin is not simply a copy and paste coin. In the next few days we list all the features in the OP. No one has to  lose for this coin to gain.

We included the option for the community to destroy coins using us as a platform(if they choose to). Coinshield could essentially never kill a coin (if no one petitions and votes). Also, we are protecting the hard work and communities of multiple coins via our Coinshield Verification program (see op for more on this). Most shitcoins are copy and paste coins, or the coin dev. changed only simple things such as block reward count and block time. In both cases no hard work was put into them. Now as for our system, it is set up in a way so no one person is the deciding factor. We require petitions to gain support, and even then the coin needs to win the majority of the community vote in order to begin the process.

This is something I have been pondering since this coin was announced.  Is this really going to help the crypto community?  I mean, how is one to be the deciding factor of what coins out there are destroyed?  This talks about killing communities and work that others have done, essentially crushing businesses that other developers and their communities have built.

I get there is a lot of garbage out there that needs to die off, but who should decide that?!  Somebody has to lose for this coin and it's community to gain.  I'll admit the theory behind all of this is quite intriguing, but I guess it almost seems like a god like thing to be able to judge who lives and who dies.

The usage of this coin is outlined in the OP. A great deal of discussion about this coin and its functionality can be found within the first few pages of this thread. If you have any specific questions or suggestions please don't hesitate to let us know. 
Thank you

~KryptoKash

What's the usage of this coin? Any innovation of this coin?

Good idea men
We need more like this coin
Not other shit coin
keep eye on it

Good question. We decided on the following spam filters to prevent abuse (we are modeling it after Mintpal):
We will require a login, Signup requires email confirmation.
Only 6 votes per hour.
We will be implementing certain bot detection checkpoints.I can't  list them, I wouldn't want anyone to find them and attempt to bypass them.
In addition to all this we are considering checking the users latest forum activity. If no posts were made within the last X days the system would not allow that user to vote. -Do you agree with this check? If so what should the X be?

These are not set in stone yet, let us know if you agree with them or what we should change.

EDIT: The above was for the voting system as for the petition system we are asking the community to define what is a shitcoin. We will add some of the answers to the guidelines for submitting a petition to our system. I am also considering only users with X posts can comment, vote and see the petition section, however I am not sure. What do you think?