Topic: NullCoin - An alternative cryptocurrency. - page 2. (Read 3595 times)
still waiting for the next fork....
come on guys this is getting ridiculous 
* A far fairer coin distribution method. No longer will the people who can sink the greatest amount of money into hardware get the most coins. Everything is fair and equal.
I believe you are looking for equitable, not equal, and everyone has their own idea of fairness.
I'd like to introduce nullcoin - an alternative cryptocurrency
Nullcoin has a number of advantages over bitcoin, these are:
* Instant transactions. There is no need to wait for 6 confirmations as all transactions are instant.
* Guaranteed stable exchange rates with IXCoin, IOCoin, and Solidcoin. Although not with bitcoin.
* Significantly lower electrical use due to the alternative way hashing is handled.
* Lower hardware requirements.
* A far fairer coin distribution method. No longer will the people who can sink the greatest amount of money into hardware get the most coins. Everything is fair and equal.
* A system that is literally impossible to game.
* Better security. Incidents like the mtgox hack, the mybitcoin hack, or the Bitomat loss will be quite impossible with nullcoin.
A quick FAQ:
How can I get rich really quick using nullcoin?
You can't, it's not designed like that.
Did you premine a whole load of coins like IXcoin?
Nope. Everyone has the chance to get the same.
How can you claim that you will maintain a stable exchange rate with IXCoin, IOCoin, and Solidcoin? That sounds impossible.
The exchange rates may vary for a short time but will always tend towards a stable rate. Complex mathematical modeling shows a 1 to 1 exchange rate with all 3 of the above currencies will develop over time. Sadly it's impossible to predict the exchange rate between Nullcoin and Bitcoin using the same methods.
What mining software does nullcoin use?
NullCoin does not use conventional compute heavy and power wasting mining software. The client handles all mining requirements.
What client software does nullcoin use?
Special null software that only runs when your system is powered off. In this way it saves significant electricity and ensures perfect security.
So it doesn't actually do anything then?
No. The clue is in the name.
Are you taking the piss?
Yes I am.
Why?
Because I'm started to get bored with people inventing new currencies every couple of days. They are transparent get rich quick schemes and won't work. Stop forking bitcoin, it's getting old already. We can live with bitcoin and namecoin, the rest of you bring something truly new or get out of town.
Damn unlucky, do you want some tissues?
There will be another fork soon, maybe you can get rich from that one
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"How do you eat an elephant? One bit at a time..."
oh god please
Can I solve blocks with my abacus?
I'd like to introduce nullcoin - an alternative cryptocurrency
Nullcoin has a number of advantages over bitcoin, these are:
* Instant transactions. There is no need to wait for 6 confirmations as all transactions are instant.
* Guaranteed stable exchange rates with IXCoin, IOCoin, and Solidcoin. Although not with bitcoin.
* Significantly lower electrical use due to the alternative way hashing is handled.
* Lower hardware requirements.
* A far fairer coin distribution method. No longer will the people who can sink the greatest amount of money into hardware get the most coins. Everything is fair and equal.
* A system that is literally impossible to game.
* Better security. Incidents like the mtgox hack, the mybitcoin hack, or the Bitomat loss will be quite impossible with nullcoin.
A quick FAQ:
How can I get rich really quick using nullcoin?
You can't, it's not designed like that.
Did you premine a whole load of coins like IXcoin?
Nope. Everyone has the chance to get the same.
How can you claim that you will maintain a stable exchange rate with IXCoin, IOCoin, and Solidcoin? That sounds impossible.
The exchange rates may vary for a short time but will always tend towards a stable rate. Complex mathematical modeling shows a 1 to 1 exchange rate with all 3 of the above currencies will develop over time. Sadly it's impossible to predict the exchange rate between Nullcoin and Bitcoin using the same methods.
What mining software does nullcoin use?
NullCoin does not use conventional compute heavy and power wasting mining software. The client handles all mining requirements.
What client software does nullcoin use?
Special null software that only runs when your system is powered off. In this way it saves significant electricity and ensures perfect security.
So it doesn't actually do anything then?
No. The clue is in the name.
Are you taking the piss?
Yes I am.
Why?
Because I'm started to get bored with people inventing new currencies every couple of days. They are transparent get rich quick schemes and won't work. Stop forking bitcoin, it's getting old already. We can live with bitcoin and namecoin, the rest of you bring something truly new or get out of town.
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