Topic: Spoetnik Coin - page 5. (Read 10079 times)

You can control that with the availability of the amount of nodes? Seems that quark had done that in that way? Also just announce it not too big right after start, you can Edit and improve your announcement later.

@ spoetnik,  with my mobile I can't copy links. You have to wait a few more hours before I can post some proof. Thank you for your patience!

But then someone else can too with more mining power.

AHHAHA that is fucking hilarious and we know it's gonna happen now.. i bet some guy is planning it as we speak LOL

edit:
@silvermetal
i can assure you i am dead serious when i have not made a coin.. i don't know how many times i have to say this lol
and no i never had anyone make one for me in and stretch way or fashion in the slightest !

digitalindustry.. may or may not have, i don't know.. i can not keep tabs on what he does.. ask him

all i know about links to him and Quark is i was in on Quark mining it like everyone else around here after maybe a week or two after launch
and spend time working on various miners for it trying to improve miner performance and running some experiments etc
and maybe the design of it is bad but guys.. hindsight is 20/20 and we have learned a lot on how to make better coins since then (it was a long time ago)

silvermetal i have never seen a shred of proof the guy that made Quark coin was linked to Hazard or Shake either.. proof ?

you know if it's not too much too ask can you post some proof to back up your wild claims ?
because it gets tiring having guys Troll me to death claiming i have 20 accounts and 20 coins when i have ONE !
believe me or don't what do want me to do here ? is there some way i can prove it to you all ?

@Bozuatle thanks and to the rest of you for all your ideas and suggestions they will all be taken seriously
and that picture you posted Bozuatle may be better for a BitJohn Coin LOL edit'z = i have reason to believe BJ may be good with a gun
thanks for your vote BJ
and Bozuatle tell me about it.. i have back some shitty ass coins by random nobodies myself LOL

Thanks man and for not making me scroll over my own quoted rants
..that is the ultimate slap in the face when these guys quote me and i have to mouse wheel in high gear over my word salad LOLOL

I want to update people i appreciate any feedback no matter it good or bad etc.. thanks everyone :)

i think i have an idea and i would not call it new because it's popped up many times for me.
and my idea is not revolving any way around technical code that will have to be made from scratch.

what i have in mind is a massive refresh of an existing coin i think..
one that if played well enough could generate a lot of new users maybe.
think of it as pretty much a springboard off a famous guy ;)
and one that won't sue us i *think hahahha

yes i thought of JPC right away but i am not sure those JPC guys would be down for one of Spoetnik's crazy idea's
i also just had a guy tip me off about a coin that has the similar specs i was interested in but was abandoned.
this re-use idea is good because will give added value to existing coin holders :)

the potential idea has a lot of potential with social media and video remixing and photoshoping and insane bullshit that could fuck with people heads !
if i was gonna do it ? ..i would go big and would ruffle some feathers and i would have it done with trade mark Spoetnik sick sense of humor ..see Ebola coin ;)
Ya coins bitch ! ..mutha fuckin' altcoins buy 'em or else ! ..or eat them ! <- dropped a big hint what its about
cool people will get it ;)
i also have a known weird fucked up service i wanna tie into it as well that i had already contacted way back about altcoins seriously by email.

so you all wanna rattle the world's cage and tip their boat with me ?
let's throw 'em all in the water and charge them to get back in the boat..10 Spoetnik's coins please or drown loser ..this is the cool people boat dammit !!!

and hey if you don't like my idea then your wrong and don't fuck with fuck !

Ok thanks for the explanation.

Spoetnik would be happy , he doesn't need to lower the blocktime. He can start with a very low difficulty. It has the same effect  

Blocktimes and the protocol are number one, if for example SpoetnikCoin had 30 Second Blocktimes, now that may seem fast but it's effect is it can cause more orphan blocks and more data added to the Blockchain than it needs because Spoetnikcoin would not be something you would buy cups of coffee with (more of an asset), so you would not have transactions in every Block. This creates a lot of empty Blocks so the Blockchain grows at a much faster pace than it needs to. A large amount of Blocks will make your wallet take a very long time to Sync to the highest Block.

IMO 1-3 minutes is good, 2 minutes is about the time I think is most optimal

Also, if I remember right there were Coins that hardforked for faster Blocktimes.

That is not what the Blocktime is set at that causes that but the starting difficulty. With a low starting difficulty and a longer retarget time you get what is called instamining where the first blocks are mined at a much faster rate until the hashrate evens out.

FlashCoin actually had 10 second Blocktimes but anything under 30 seconds (as you mentioned with Quark) causes a lot of Orphan Blocks because of the latency between miners.

Really? I have no knowledge?

Check this page and look to the time stamps:

https://bitcointalksearch.org/topic/m.7927663

To make it easier for you I summarize and calculate it for you:

block 1: 13:03:50
Block 2: 13:04:06 (=16 seconds block time)
block 100: 13:14:18 (=average block time of 612 seconds/100 blocks = 6 seconds!)
block 1000: 14:42:58 (=average block time of 5932 seconds/1000 blocks = 6 seconds!)

With the 30 second blocktime of Quark you would expect:
Block 100 after: 100*30 seconds = 50 minutes. Not 10 minutes after launch
Block 1000 after: 1000*30 seconds = 500 minutes = 8 hours and 20 minutes. Not 1 hour and 38 minutes after launch.


What do I not understand of coins  

Since you are so educated  in coins you can check it yourself in the Quark block explorer:

http://qrk.blockr.io/

You can just fill in block 1, 2, 3, 4 and look to the time stamps. Quark was mined every 10 seconds or something, not the expected 30 seconds.

And yes the fast block time caused a lot of orphans...just like it did with flashcoin.
You can read the frustration of the miners after launch: https://bitcointalksearch.org/topic/m.2774252

I don't think you have any knowledge of coins or you would know that 10 second Blocktimes (based on Quark no less) is a recipe doomed to fail.

No duhh.. you are correct. you (and digitalindustry) never created one single coin. Just because you both lack the knowledge to create one.
The coins you scammed were created by a copy coin service (from Hazard or Shake).

https://bitcointalksearch.org/topic/cryptolife-development-altcoin-creation-cryptocurrency-services-provider-208578

That digitalindustry did it, was more than obvious with kopimicoin.
I want to show you again, if you missed my first post here: http://www.kopimi.com/kopimi/

Speaking about Quark....What you can take over from Quark is to use a very fast block time, and at launch set the block time a little bit faster (just like Quark did);
So you can announce it and mine with a blocktime of 10 seconds instead of the 30 or 60 or whatever seconds you announce.
What were the people lying about according to you?

(Hazard is a good suggestion to create such a fast blocking coin for you because he created flashcoin once: https://bitcointalksearch.org/topic/ann-flashcoin-fastest-coin-in-the-universe-6-second-blocks-released-222450)

Just out of curiosity. What do you guys think about the proof of faucet, by Miraclecoin? Surely there were some cheaters, with multiple computers running on different IPs, but it seems to have spread to more users than most POW coins.

https://bitcointalksearch.org/topic/ann-mcl-miraclecoin-no-ico-proof-of-faucet-distribution-traders-coin-822317


Spoetnikcoin would certainly have a passionate dev, which would immediately make it better than 90% of the crap out there. Why not? We've all mined or bought much worse shit lol. I voted YES. If it failed it would be a hilarious ride, if it succeeded it would be way more hilarious. Who doesn't love a good laugh.

If you make this, I wish you good luck and success Sir Spoetnik.

For every Block!

It'll be a great excuse for when Spoetnik "Breaks Bad" and runs off with everyones funds:
Sorry, my dog ate the blockchain....

Don't think any dodgy coin dev/exchange operator/general scammer has ever tried that one before.

+1
We need high security and this is the only way. Go the Physical Blockchain!!!
We just need to make sure his dog doesn't 51% attack the network by eating it.

FTW, Spoetnik-CFA Approved TM

~CfA~

I agree with your points fully but new coins will never stop so why not make a coin and how can it be made to be profitable? Why even trade against BTC anyways?

The way Crypto is valued is a joke, if you have 25% of a Coin and you sell it all you will drop the value to 0, cause other people to sell which brings down the entire price of the asset and causes what is referred to as bagholding where you hold your coins for an indefinite period of time hoping for the price to rise so they can break even.

What if the entire float could be backed against something tangible so that it's value is based on the actual amount invested into it rather than purely on speculation? and I mean something beyond a nubits pairing, something to be walled off from the entire market so it's value is equal only to the amount that was actually invested into it?


Cryptocurrencies to me are more like Stocks in companies so if you were to treat it like a company then how can that company be profitable over the long-term and provide income for it's development?

Why do coins insist on the use of donations in order to support it's development? donations DO NOT WORK and will never work because this is about money and if you own coins, you want to sell it for profit. If you rely on donations alone there is this massive inbalance in which whales own a large amount and contribute nothing but smaller holders contribute a much higher amount. Also, if the price drops by 50% good luck gathering donations for funding of hosting, nodes, websites, development and marketing. If all funding is based only in the Cryptocurrency and there is problems with the code, it renders all use of funds frozen so even if you wanted to pay someone to fix it, you can't even use the Cryptocurrency.

next month will be a year that I have been in this place, I've seen more than 1000 coins rise and fall and have been reading and reasearching as much as I can. I'm up to the point now where I can make a coin in it's entirety including wallets and nodes etc. but I have never released a coin because I don't feel good about watching people lose money by my hand.

@Crestington
Interesting reply and i for sure agree with parts of what you said.
it's nice to see ANYONE chime in with some thought on the topic etc

It's not that i want to it's that i thought it would make a good topic.

and guys as much as *some of you hate me and think i am such a god damn monster..
in the last year or two i have been asked if wanted to make a coin etc a lot
or told i should ..guys telling me make one they would support it.

i'd really rather see us stop this fractured divide.. pointless to try though.
the whole thing is about greed.. so its doomed to fail. (this Altcoin crap)
unless people can get over the greedy selfishness we're all going nowhere fast !
and spare me the Titanic is sinking optimism bs.. it's just getting old and beyond stupid.. open your eyes and look around !

Each guy HAS to post just one more coin and make one more "fun" BTC profit ..in turn adding a pebble to a mountain of garbage.
i called this a looooong time ago and watched the mountain grow, and now that Mountain is fucking HUGE !
and it's going to come crashing down on the scattering greedy selfish idiots who built it.

another coin ? is there any point ? the ship is sinking guys !
i'd say maybe *if we were polarized and come together to support one coin.

and YOUR coin is so legit ?
well think of it this way.. YOU LOOKED and seen 1,000+ coins ALREADY made and said YES i want one more..
but mine is legit you all say.. yeah but it's.. ONE MORE !
do you guys get it yet ? or are we still playing dumb ? ..to support ONE MORE
then ONE more
and ONE more
and..

edit:
Thanks for your feedback etc guys..
some of the comments are pretty funny too.. coric LOL

The Legendary member bitpop had a coin (BitpopCoin) that was abandoned, so coins named after forum members are not always successful.

https://bitcointalksearch.org/topic/abandoned-bpc-bitpopcoin-x11-pos-7-hero-member-dev-no-ipopremine-665896

The possibility of having an abandoned coin associated with your account might be worth considering before you make a decision to launch a coin.

You could clone Dogecoin. Replace the dog with a rocket launching the Spu(oe)tnik satelite. Or keep the dog and just name it Laika! Welcome to the dark side.

I disagree with it being POW mineable because it causes big losses for investors so the best option is POS only. POS is a whole different beast when compared to POW because you are trying to balance the whole ecosystem based on the potential Stake of all blocks.

One thing that EVERYONE overlooks is potential bloat, and so they say "oh my coin is so fast at 30 confirmation time" except that if the coin is POW/POS you have multipools mining for a low reward and splitting up that block into 1000 units, plus Staked blocks splitting in all other blocks and the fact that most blocks don't even have real transactions in them, then when people want to send transactions, all these inputs will need to be combined into each transaction, this adds a significant amount of data to the Blockchain and if combined with a GUI with little optimization, in a year or so it may take a week or more in order to sync a fresh wallet.

Questions to consider when making a coin:

What will be the size of the Blockchain be in 1-2 years and how long will it take for new users to sync their wallets?

What is the incentive to support the network and how can it always reward long-term holders even if everyone else is selling at a loss?

How will it be secure and decentralized?

What features will it have in order to improve anonymity and encourage merchant adoption?



All jokes aside, what do you want for the specs of SpoetnikCoin and why?