[PRE-ANN][HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast - page 68.

keccak512

full member

Activity: 210

Merit: 100

Quote from: Jonesd on February 21, 2014, 04:02:01 AM

Quote from: procrastinationtm on February 20, 2014, 10:25:40 PM

Quote from: Jonesd on February 20, 2014, 07:03:03 PM

Quote from: tibenian on February 20, 2014, 06:19:49 PM

eh, one more coin to be devoured by botnets. such a pity Sad

Valid issue. Way to counter this?

I don't think any coin can counter this (unless it was somehow GPU only I guess).

However I'll be looking into getting in on this. Registered an account just for this coin.

Couldn't you counter this with having a different way of authentication when you want to start mining? A CAPTCHA for example?

To be honest, we think the botnet posts are just baseless FUD. We have given our viewpoint here https://bitcointalksearch.org/topic/m.5209228 and here https://bitcointalksearch.org/topic/m.5199700

There have been plenty of CPU-resistant crypto-currencies without memory-hard algorithms that have been very successful. Probably the most well-known is Quarkcoin, but there are tons of others.

Jonesd

legendary

Activity: 1876

Merit: 1014

Quote from: procrastinationtm on February 20, 2014, 10:25:40 PM

Quote from: Jonesd on February 20, 2014, 07:03:03 PM

Quote from: tibenian on February 20, 2014, 06:19:49 PM

eh, one more coin to be devoured by botnets. such a pity Sad

Valid issue. Way to counter this?

I don't think any coin can counter this (unless it was somehow GPU only I guess).

However I'll be looking into getting in on this. Registered an account just for this coin.

Couldn't you counter this with having a different way of authentication when you want to start mining? A CAPTCHA for example?

procrastinationtm

member

Activity: 364

Merit: 10

Quote from: Jonesd on February 20, 2014, 07:03:03 PM

Quote from: tibenian on February 20, 2014, 06:19:49 PM

eh, one more coin to be devoured by botnets. such a pity Sad

Valid issue. Way to counter this?

I don't think any coin can counter this (unless it was somehow GPU only I guess).

However I'll be looking into getting in on this. Registered an account just for this coin.

nomisugi

member

Activity: 63

Merit: 10

This is the current list of investors and their shares:
Total HVC for IPO: 5,000,000 No User BTC Invested % HVC ------------------------------------------------------------- 1 neonemu 1 4.47% 223,292.03919222 2 (private) 20 89.32% 4,465,840.78384438 3 alpes117 0.2 0.89% 44,658.40783844 4 (private) 0.2 0.89% 44,658.40783844 5 (private) 0.5002 2.23% 111,690.67800395 6 (private) 0.01 0.04% 2,232.92039192 7 eB101 0.25 1.12% 55,823.00979805 8 delusiona1 0.232 1.04% 51,803.75309259 ------------------------------------------------------------- Total 22.3922 100% 5,000,000
We have doubled the number of investors today and we think the distribution is starting to look better. Thanks to everyone!

keccak512

full member

Activity: 210

Merit: 100

Quote from: SeriousCoins14 on February 20, 2014, 08:16:11 PM

edit nevermind, i'll play, i'll send some btc later

I would like to know exactly when the IPO ends. i.e. 3/3 @ 12:00 GMT etc

Great!

IPO ends Mon March 3rd 00:00 UTC

SyRenity

hero member

Activity: 756

Merit: 502

Quote from: Jonesd on February 20, 2014, 07:03:03 PM

Quote from: tibenian on February 20, 2014, 06:19:49 PM

eh, one more coin to be devoured by botnets. such a pity Sad

Valid issue. Way to counter this?

+1 - looking to hear dev comments how you going to prevent instamine by botnet owners?
Look at PTS for example - most of which 1M was rapidly mined by botnets.

SeriousCoins14

full member

Activity: 154

Merit: 100

Coinoholic

edit nevermind, i'll play, i'll send some btc later

I would like to know exactly when the IPO ends. i.e. 3/3 @ 12:00 GMT etc

keccak512

full member

Activity: 210

Merit: 100

Quote from: bakedrice on February 20, 2014, 07:13:38 PM

Quote from: keccak512 on February 20, 2014, 05:38:28 PM

Quote from: bakedrice on February 20, 2014, 03:32:07 PM

Can you explain more about the voting?

Sure. Each time you mine a block you automatically cast a vote about what you think the next block reward should be. Every 3600 blocks (~5 days), the votes over the past 3600 blocks are averaged and rounded to the nearest integer. This value becomes the new block reward, which lasts for another 5 days.

There are different phases to voting and in these phases the block reward votes affect different aspects of the money supply, such as how fast it is mined or what the maximum total money supply will be.

For example, during the Limit phase, if you want the final total money supply to be as small as possible (e.g. 63M), then you'd mine Heavycoin while voting for zero block rewards. On the other hand, if you wanted a larger final money supply, you could vote for the maximum block reward of 1024 HVC.

Regardless of voting, the total money supply is always capped at 128M HVC.

The full details on voting are described here: http://heavycoin.github.io/about.html#decentralised-voting
For instructions on How to vote and screenshots of the voting UI see: http://heavycoin.github.io/voting.html

Quote from: bakedrice on February 20, 2014, 03:32:07 PM

So after launch, i can vote if i have HVC in my wallet? 2 HVC = 2 votes, or 1 wallet 1 vote?

Voting is not based on your wallet or balance.

Interesting Idea.. I like it!

CPU only -- does that mean my GPU cant mine them?

Absolutely. Details about our approach to CPU-only mining are given here: http://heavycoin.github.io/about.html#cpu-only

bakedrice

sr. member

Activity: 338

Merit: 250

Quote from: keccak512 on February 20, 2014, 05:38:28 PM

Quote from: bakedrice on February 20, 2014, 03:32:07 PM

Can you explain more about the voting?

Sure. Each time you mine a block you automatically cast a vote about what you think the next block reward should be. Every 3600 blocks (~5 days), the votes over the past 3600 blocks are averaged and rounded to the nearest integer. This value becomes the new block reward, which lasts for another 5 days.

There are different phases to voting and in these phases the block reward votes affect different aspects of the money supply, such as how fast it is mined or what the maximum total money supply will be.

For example, during the Limit phase, if you want the final total money supply to be as small as possible (e.g. 63M), then you'd mine Heavycoin while voting for zero block rewards. On the other hand, if you wanted a larger final money supply, you could vote for the maximum block reward of 1024 HVC.

Regardless of voting, the total money supply is always capped at 128M HVC.

The full details on voting are described here: http://heavycoin.github.io/about.html#decentralised-voting
For instructions on How to vote and screenshots of the voting UI see: http://heavycoin.github.io/voting.html

Quote from: bakedrice on February 20, 2014, 03:32:07 PM

So after launch, i can vote if i have HVC in my wallet? 2 HVC = 2 votes, or 1 wallet 1 vote?

Voting is not based on your wallet or balance.

Interesting Idea.. I like it!

CPU only -- does that mean my GPU cant mine them?

Jonesd

legendary

Activity: 1876

Merit: 1014

Quote from: tibenian on February 20, 2014, 06:19:49 PM

eh, one more coin to be devoured by botnets. such a pity Sad

Valid issue. Way to counter this?

nomisugi

member

Activity: 63

Merit: 10

Quote from: delusiona1 on February 20, 2014, 06:10:59 PM

NICE!!!!!

Sent: .232 BTC
Trans ID: 34aecd20feca4a305dddf3da9ac4afc1f619073b26ac0ddc816ad605c3fa5736
Heavycoin Public key: 04c0c527d90d8a6f9966245d133ceea071ad38f833b9da9d72b37bfa9d954429a620c020ef92f18 c7796ad6b19318126c50fff1ea86c1793a0ff2e986bd8dcae88

Thanks for investing and welcome aboard!

tibenian

member

Activity: 70

Merit: 10

eh, one more coin to be devoured by botnets. such a pity Sad

sq

sr. member

Activity: 294

Merit: 250

add your coin to our calendar...

delusiona1

member

Activity: 90

Merit: 10

NICE!!!!!

Sent: .232 BTC
Trans ID: 34aecd20feca4a305dddf3da9ac4afc1f619073b26ac0ddc816ad605c3fa5736
Heavycoin Public key: 04c0c527d90d8a6f9966245d133ceea071ad38f833b9da9d72b37bfa9d954429a620c020ef92f18 c7796ad6b19318126c50fff1ea86c1793a0ff2e986bd8dcae88

keccak512

full member

Activity: 210

Merit: 100

Quote from: bakedrice on February 20, 2014, 03:32:07 PM

Can you explain more about the voting?

Sure. Each time you mine a block you automatically cast a vote about what you think the next block reward should be. Every 3600 blocks (~5 days), the votes over the past 3600 blocks are averaged and rounded to the nearest integer. This value becomes the new block reward, which lasts for another 5 days.

There are different phases to voting and in these phases the block reward votes affect different aspects of the money supply, such as how fast it is mined or what the maximum total money supply will be.

For example, during the Limit phase, if you want the final total money supply to be as small as possible (e.g. 63M), then you'd mine Heavycoin while voting for zero block rewards. On the other hand, if you wanted a larger final money supply, you could vote for the maximum block reward of 1024 HVC.

Regardless of voting, the total money supply is always capped at 128M HVC.

The full details on voting are described here: http://heavycoin.github.io/about.html#decentralised-voting
For instructions on How to vote and screenshots of the voting UI see: http://heavycoin.github.io/voting.html

Quote from: bakedrice on February 20, 2014, 03:32:07 PM

So after launch, i can vote if i have HVC in my wallet? 2 HVC = 2 votes, or 1 wallet 1 vote?

Voting is not based on your wallet or balance.

bakedrice

sr. member

Activity: 338

Merit: 250

Can you explain more about the voting?

So after launch, i can vote if i have HVC in my wallet? 2 HVC = 2 votes, or 1 wallet 1 vote?

Jonesd

legendary

Activity: 1876

Merit: 1014

Quote from: keccak512 on February 20, 2014, 11:35:45 AM

Quote from: eB101 on February 20, 2014, 11:17:51 AM

Amount Sent: 0.25 BTC
Transaction ID: 9fba8f4fca91f97a71f8d771e50781b1a89ce2ce2caef384dd64a15105785c12

Finally digested the 20btc bomb, hope it will go as you planed now. Good luck and thanks in advance for your hard work

Thanks for your vote of confidence and becoming part of Heavycoin! I'll PM you your IPO stake details in a minute.

Let's not forget that this is actually a coin by a member that has been around for a while. Not some new scam account. I think this is one of the best IPOs until now!

keccak512

full member

Activity: 210

Merit: 100

Quote from: eB101 on February 20, 2014, 11:17:51 AM

Amount Sent: 0.25 BTC
Transaction ID: 9fba8f4fca91f97a71f8d771e50781b1a89ce2ce2caef384dd64a15105785c12

Finally digested the 20btc bomb, hope it will go as you planed now. Good luck and thanks in advance for your hard work

Thanks for your vote of confidence and becoming part of Heavycoin! I'll PM you your IPO stake details in a minute.

eB101

full member

Activity: 132

Merit: 100

Amount Sent: 0.25 BTC
Transaction ID: 9fba8f4fca91f97a71f8d771e50781b1a89ce2ce2caef384dd64a15105785c12

Finally digested the 20btc bomb, hope it will go as you planed now. Good luck and thanks in advance for your hard work

nomisugi

member

Activity: 63

Merit: 10

Quote from: Robert Lewandowski on February 20, 2014, 01:21:44 AM

So if someone invests 2 BTC will they get their fair share that is the justified equivalent to 2 BTCs worth of Heavycoin and not at some ridiculous starting price.

Yes, from http://heavycoin.github.io/launch.html

Quote

The 5,000,000 HVC will be distributed among the IPO investors proportional to how much BTC they have invested. There is no limit on investment. For example, if there were only two investors, Alice and Bob, and Alice invests 1 BTC and Bob invests 0.25 BTC, then Alice would get 80% (4M HVC) and Bob would get 20% (1M HVC).

Topic: [PRE-ANN][HVC] Heavycoin - Ultra-secure, Decentralized Block Reward Voting, Fast - page 68. (Read 140040 times)