Preminecoin is a personal favorite
Topic: Pre-mined alt coins (Read 1964 times)
only premined coins i trust are transparent about their premine.
Preminecoin is a personal favorite
Preminecoin is a personal favorite
In my opinion NXT is a completely scam, same with Quark.
It makes no sense why Quark is even in this conversation.
Quark was NOT pre-mined at all.
It might not've been premined but it was essentially instamined.
What the hell is instamined?
Where most or a lot of the mining is done very quickly after launch.
...
Just woke up while ago ... yesterday before sleep I was doing some MANET simulations on OPNET just for fun ... today I had crazy idea, I mean very crazy idea came to my mind .. what if "change the mining paradigm" and instead traditional mining it could be something like "time spend logged to bitcoin-radio network" as a reward variable.. but the network would not be the traditional internet, instead could be a infrastructure less type such as "A mobile ad hoc network" .. people could be reward for maintain a free network. Its also reminds how guys like Van Jacobson get pissed when face the reality that we already get wireless nodes and ambiguous connections everywhere but we just don't relay. We insist to pay a provider to get connected...
Anyways going back to sleep lite more.. after it going to read some papers like
Relay-by-Smartphone
http://www.it.ecei.tohoku.ac.jp/innovation/en-index.html
video
http://www.youtube.com/watch?v=dVC4RLWMBng
Just woke up while ago ... yesterday before sleep I was doing some MANET simulations on OPNET just for fun ... today I had crazy idea, I mean very crazy idea came to my mind .. what if "change the mining paradigm" and instead traditional mining it could be something like "time spend logged to bitcoin-radio network" as a reward variable.. but the network would not be the traditional internet, instead could be a infrastructure less type such as "A mobile ad hoc network" .. people could be reward for maintain a free network. Its also reminds how guys like Van Jacobson get pissed when face the reality that we already get wireless nodes and ambiguous connections everywhere but we just don't relay. We insist to pay a provider to get connected...
Anyways going back to sleep lite more.. after it going to read some papers like
Relay-by-Smartphone
http://www.it.ecei.tohoku.ac.jp/innovation/en-index.html
video
http://www.youtube.com/watch?v=dVC4RLWMBng
That look like the idea of 100% Proof-of-Stake :
End of the mining. You cannot talk about mining/pre-mining/hardware-miner, there is no such things.
Instead, every node on the network contribute equally to the security. It doesn't matter your hardware, any computer can be a node even a Raspberry Pi or maybe a phone. Because there is no incentive for centralization (contrary to Bitcoin and clones with mining pool), the network is truly decentralized. No 51% attack possible. You get rewarded proportionally to your coin-stake so everyone get the same % of return on interest.
The network is infinitely more energy sufficient and secure.
The only problem is that is goes against the "mining paradigm" and a lot of people cannot handle the change.
...
Just woke up while ago ... yesterday before sleep I was doing some MANET simulations on OPNET just for fun ... today I had crazy idea, I mean very crazy idea came to my mind .. what if "change the mining paradigm" and instead traditional mining it could be something like "time spend logged to bitcoin-radio network" as a reward variable.. but the network would not be the traditional internet, instead could be a infrastructure less type such as "A mobile ad hoc network" .. people could be reward for maintain a free network. Its also reminds how guys like Van Jacobson get pissed when face the reality that we already get wireless nodes and ambiguous connections everywhere but we just don't relay. We insist to pay a provider to get connected...
Anyways going back to sleep lite more.. after it going to read some papers like
Relay-by-Smartphone
http://www.it.ecei.tohoku.ac.jp/innovation/en-index.html
video
http://www.youtube.com/watch?v=dVC4RLWMBng
Just woke up while ago ... yesterday before sleep I was doing some MANET simulations on OPNET just for fun ... today I had crazy idea, I mean very crazy idea came to my mind .. what if "change the mining paradigm" and instead traditional mining it could be something like "time spend logged to bitcoin-radio network" as a reward variable.. but the network would not be the traditional internet, instead could be a infrastructure less type such as "A mobile ad hoc network" .. people could be reward for maintain a free network. Its also reminds how guys like Van Jacobson get pissed when face the reality that we already get wireless nodes and ambiguous connections everywhere but we just don't relay. We insist to pay a provider to get connected...
Anyways going back to sleep lite more.. after it going to read some papers like
Relay-by-Smartphone
http://www.it.ecei.tohoku.ac.jp/innovation/en-index.html
video
http://www.youtube.com/watch?v=dVC4RLWMBng
In my opinion NXT is a completely scam, same with Quark.
It makes no sense why Quark is even in this conversation.
Quark was NOT pre-mined at all.
It might not've been premined but it was essentially instamined.
What the hell is instamined?
In my opinion NXT is a completely scam, same with Quark.
It makes no sense why Quark is even in this conversation.
Quark was NOT pre-mined at all.
It might not've been premined but it was essentially instamined.
You should probably check out the video.
why are these videos always the same? some ukulele in the background and a guy selling a CC as it was a bag of soap.
Haha. Ukuleles are so in right now. There's been extensive research done on this and it's the sound most people trust.
You should probably check out the video.
why are these videos always the same? some ukulele in the background and a guy selling a CC as it was a bag of soap.
I see not much good in NXT (watched their promo video and thought it weakminded, and seem mostly disliked by the smarter people here). Ripple however I am fascinated with and think I am going to start using it as an application. I own no XRP as of now and no intelligent idea on the price/value...there is a lot of it, and if its price becomes unstable as bitcoins it will make the application useless (to me at least) so there is that.
In my opinion NXT is a completely scam, same with Quark.
It makes no sense why Quark is even in this conversation.
Quark was NOT pre-mined at all.
Announcement Date: 2013-07-21
First Block: 2013-07-21
Source: http://bitinfocharts.com/quarkcoin/
https://bitcointalksearch.org/topic/ann-qrk-quark-core-010-upgrade-260031
You should probably check out the video.
I am not saying Ripple is not a great centralized IOU exchange but as you pointed out, we cannot expect people to make a difference between an exchange and a crypto-currency neither between PoW and PoS.
Ripple is a currency as well - at bitstamp 1 XRP = 49.92$. its kind of like a fiat currency, in that is an IOU. I don't see much use for it.
your posts would have more weight if you would remove your advertised sig.
What you are talking about ? You cant buy a normal ATI grafic card from the store 
? This is not Bitcoin and try no to change the subject.
No you cannot make any profit with a CPU nor a GPU with Bitcoin mining because of energy efficiency. Sorry.? This is not Bitcoin and try no to change the subject.some people valued ripple at 3B$, perhaps because silicon valley venture backing.
No. Ripple is not a crypto-currency, it is an IOU exchange. It has nothing to do here.and the 4 the special case "Ripple" my hypotheses is that Ripple still not seen by the crowd as IOU Exchange
Eg.:
Introducing Ripple, a Bitcoin Copycat
http://www.businessweek.com/articles/2013-04-11/introducing-ripple-a-bitcoin-copycat
Is Ripple XRP The Next Bitcoin?
http://www.youtube.com/watch?v=pMng_I_gtK8
and so on ...
I am not saying Ripple is not a great centralized IOU exchange but as you pointed out, we cannot expect people to make a difference between an exchange and a crypto-currency neither between PoW and PoS.
Anyway, the next big step are the cypto-platforms supporting decentralized p2p exchange and mixing.
At this point I don't expect anyone to follow what I am saying but maybe you would.
What you are talking about ? You cant buy a normal ATI grafic card from the store ? This is not Bitcoin and try no to change the subject.
? This is not Bitcoin and try no to change the subject.No you cannot make any profit with a CPU nor a GPU with Bitcoin mining because of energy efficiency. Sorry.
some people valued ripple at 3B$, perhaps because silicon valley venture backing.
No. Ripple is not a crypto-currency, it is an IOU exchange. It has nothing to do here.
I do see a potential in Ripple... honestly as an exchange.. although I would suggest to their develop team to do a better market campaign to make it clear for general public; or as Albert Einstein used to say “If you can't explain it to a six year old, you don't understand it yourself.” ... The reason I did make this pool is just because I was willing to confirm my findings while searching on the internet about alt coins..
and the 4 the special case "Ripple" my hypotheses is that Ripple still not seen by the crowd as IOU Exchange
Eg.:
Introducing Ripple, a Bitcoin Copycat
http://www.businessweek.com/articles/2013-04-11/introducing-ripple-a-bitcoin-copycat
Is Ripple XRP The Next Bitcoin?
http://www.youtube.com/watch?v=pMng_I_gtK8
and so on ...
What you are talking about ? You cant buy a normal ATI grafic card from the store ? This is not Bitcoin and try no to change the subject.
? This is not Bitcoin and try no to change the subject.No you cannot make any profit with a CPU nor a GPU with Bitcoin mining because of energy efficiency. Sorry.
some people valued ripple at 3B$, perhaps because silicon valley venture backing.
No. Ripple is not a crypto-currency, it is a centralised IOU exchange. It has nothing to do here.
if it would be possible to short Alt-Coins you could all make money off your opinions, long and short. The market will decide. just focus on making the market work better.
for whatever reason some people valued ripple at 3B$, perhaps because silicon valley venture backing.
for whatever reason some people valued ripple at 3B$, perhaps because silicon valley venture backing.
ripple, nxt completely scam
Thank you for your interesting & educated opinion. You definitely got a point. The average level of education is rising on bitcointalk.
I wouldn't trust any pre-mined coins. They go against the spirit of cryptocoins in my opinion.
Explain the spirit of cryptocoins please.
ripple, nxt completely scam
I wouldn't trust any pre-mined coins. They go against the spirit of cryptocoins in my opinion.
I invested my money in mining equipment so I'm all for PoW. The NXT and others where you need to buy in do not interest me. These are elitist coins and only people with money can come out winning. Kinda like what we already have with fiat.
You don't want to pay for coins so you bought mining equipment ? Oh wait...
What was supposed to be open and democratic turned into the opposite.
In PoW, only the rich can afford the hardware to make profit.
I invested my money in mining equipment so I'm all for PoW. The NXT and others where you need to buy in do not interest me. These are elitist coins and only people with money can come out winning. Kinda like what we already have with fiat.
You don't want to pay for coins so you bought mining equipment ?
Oh wait...
True you rigth, nowdays you must to spend money on custom hardware; but in the begin wasn't that way... people supposed to use recourses they have already available like their cpu cycles... eg.: When I joined for the first time to a distributed computing projects ( http://en.wikipedia.org/wiki/List_of_distributed_computing_projects ) was because my computer CPU was 90% of the time idle...
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