Legendary here in name not title
.No thanks
Topic: The legends of bitcointalk should make our own altcoin together, thoughts? - page 6. (Read 9221 times)
July 24, 2015, 11:54:33 PM
Post skipped 4 pages.
Legendary here in name not title.
No thanks
Legendary here in name not title
.No thanks
July 24, 2015, 10:51:03 PM
Looks Like Cryptsy is right on the ball.
Have I ever told you guys what a great experience I have had with Cryptsy?
~BCX~
? what is vern talking about?
You must not be familiar with BCX's humor. He has made quite a few photoshopped tweets of Paul
I find them rather amusing usually
July 24, 2015, 09:09:04 PM
One more page of discussion and it could better be called Zerocoin, With obvious specifications or What about of Withoutagreementcoin?. 
July 24, 2015, 08:29:30 PM
Looks Like Cryptsy is right on the ball.
Have I ever told you guys what a great experience I have had with Cryptsy?
~BCX~
It is thing more funny that I saw today.
So big name is not a problem, Uh? Well you could show it pair over an android device. 
July 24, 2015, 07:14:30 PM
we don't really need another coin too.
it would be better if more coins merged their resources actually.
it would be better if more coins merged their resources actually.
Don't even suggest it or people will crucify you. Trust me
Hello, HOWaHANDFULofEARLYadoptersANDshitclonersFUCKEDtheCRYPTOmovementCOIN person.
Yes ! Lets start a cryptofiat eurozone ! The noobs will line up for haircuts and we'll bail out your endless trail of too big to fail shitclones.
I've helped this entire scene more than any of you will ever know. What you see in the forums is literally 2% of what actually happens. Hate if you want, I don't give a shit, but you and many others in the very vocal, very much minority have contributed nothing to anyone but yourself
Your keystrokes are wasted on spouting bullshit, rather than moving the entire industry forward. If you shit on all the legitimate companies long enough, you'll be left with the clusterfuck of nothingness and insignificance that you started with
July 24, 2015, 02:24:16 PM
Looks Like Cryptsy is right on the ball.
Have I ever told you guys what a great experience I have had with Cryptsy?
~BCX~
? what is vern talking about?
July 24, 2015, 01:37:31 PM
we don't really need another coin too.
it would be better if more coins merged their resources actually.
it would be better if more coins merged their resources actually.
Don't even suggest it or people will crucify you. Trust me
Hello, HOWaHANDFULofEARLYadoptersANDshitclonersFUCKEDtheCRYPTOmovementCOIN person.
Yes ! Lets start a cryptofiat eurozone ! The noobs will line up for haircuts and we'll bail out your endless trail of too big to fail shitclones.
July 24, 2015, 10:02:30 AM
i was more leaning towards
Bitcoin 2.0: the Quest for More Fiat
Bitcoin 2.0: the Quest for More Fiat
"Bit Trek II: The Wrath Of Fiat"
July 24, 2015, 04:39:40 AM
Actually, there is one market which has been completely neglected in the blockchain space - p2p networked games. Blockchain consensus stands ready to address the needs of (at least some) p2p games, but there isn't currently a workable option because the transaction speeds are just too slow (imagine waiting 7 minutes to move forwards in WOW), the infrastructure doesn't support extensible data within 'the' blockchain and players are going to be put off having to pay just to explore the world (due to transaction fees).
All these problems are solvable, though.
All these problems are solvable, though.
July 24, 2015, 04:18:31 AM
Block times are more or less irrelevant compared to the amount of data accumulating in the Blockchain,
Confirmation times are relevant - it's the number 1 complaint about bitcoin. The size of any chain can be mitigated using pruning, it's just that most developers prefer to worry about that problem at a later date.
Quote
How do you suppose proof of Burn could be adapted in order to create a type of ledger type system within Bitcoin based Coins? I am thinking something along the lines that current Coins could be burnt within the same chain for a subset of the new chain with the same balances?
I don't really want to start a new type of Coin, most anything we could come up with could be adapted within current Coins and would be the best method to go for.
I don't really want to start a new type of Coin, most anything we could come up with could be adapted within current Coins and would be the best method to go for.
I guess you are talking about side chains, here, ala counterparty?
July 24, 2015, 03:35:19 AM
we don't really need another coin too.
it would be better if more coins merged their resources actually.
it would be better if more coins merged their resources actually.
Don't even suggest it or people will crucify you. Trust me
July 24, 2015, 01:13:05 AM
Looks Like Cryptsy is right on the ball.
Have I ever told you guys what a great experience I have had with Cryptsy?
~BCX~
July 24, 2015, 12:17:23 AM
I only remember one Proof of Burn Coin which was launched with such an extreme amount of burn that it was burning about 50% of the Coins in every transaction and then burned down to nothing.
I'm not sure how Proof of Burn can realistically work???
There is
slimcoin https://bitcointalksearch.org/topic/ann-slimcoin-proof-of-burn-new-block-gen-mineable-by-low-power-computer-613213
ÇoinProLite https://bitcointalksearch.org/topic/coinprolite-cpl-converting-shitcoins-schit-etc-via-proof-of-burn-763364
levelcoin https://bitcointalksearch.org/topic/ann-levelcoin-proof-of-stake-proof-of-burn-hybrid-inflation-immune-422309
Third Generation Coin https://bitcointalksearch.org/topic/ann-tgc-third-generation-coin-proof-of-burn-dcrypt-algo-643300
and I think KoreCoin utilizes POB as a type of anonyminity https://bitcointalksearch.org/topic/korecoin-v20-korenew-era-voip-wallet-100-anon-100-pos-pobanon-668886
ChanceCoin? https://bitcointalksearch.org/topic/anncha-chancecoin-supernet-core-coin-for-betting-in-a-decentralized-casino-528023
That is the few I could find on the subject.
I'm not sure how Proof of Burn can realistically work???
There is
slimcoin https://bitcointalksearch.org/topic/ann-slimcoin-proof-of-burn-new-block-gen-mineable-by-low-power-computer-613213
ÇoinProLite https://bitcointalksearch.org/topic/coinprolite-cpl-converting-shitcoins-schit-etc-via-proof-of-burn-763364
levelcoin https://bitcointalksearch.org/topic/ann-levelcoin-proof-of-stake-proof-of-burn-hybrid-inflation-immune-422309
Third Generation Coin https://bitcointalksearch.org/topic/ann-tgc-third-generation-coin-proof-of-burn-dcrypt-algo-643300
and I think KoreCoin utilizes POB as a type of anonyminity https://bitcointalksearch.org/topic/korecoin-v20-korenew-era-voip-wallet-100-anon-100-pos-pobanon-668886
ChanceCoin? https://bitcointalksearch.org/topic/anncha-chancecoin-supernet-core-coin-for-betting-in-a-decentralized-casino-528023
That is the few I could find on the subject.
I think those are all distributed by burn, not by using burn in the consensus.
POB by consensus is analogous to POW, but instead of electricity being burnt, you are burning currency. Every block costs coins to produce, which immediately fixes all the nothing at stake problems which plague POS. The block reward is what incentivises miners to continually burn their own stake in order to produce blocks, and it has equilibrium at break-even just like POW.
The advantage of using burn instead of POW is that you can burn infinitely fast, meaning block times are not artificially constrained by computational difficulty, leading to faster confirmation.
Block times are more or less irrelevant compared to the amount of data accumulating in the Blockchain, this is my main concern with Cryptonote Coins because the amount of data accrued over a yearly basis is multi-gigabytes so if it can be 10 second or less Block times but the Blockchain grows so quickly that you have a base rate of growth in the gigabytes so if there is a large amount of adoption that it will compound the growth then users will not adopt it for that reason.
How do you suppose proof of Burn could be adapted in order to create a type of ledger type system within Bitcoin based Coins? I am thinking something along the lines that current Coins could be burnt within the same chain for a subset of the new chain with the same balances?
I don't really want to start a new type of Coin, most anything we could come up with could be adapted within current Coins and would be the best method to go for.
July 23, 2015, 09:41:28 PM
Ok ok.. I'm in.. as long as we call this the HOWaHANDFULofEARLYadoptersANDshitclonersFUCKEDtheCRYPTOmovementCOIN.
Its time to fleece the greedy noobs !
Its time to fleece the greedy noobs !
It is a very long name to any exchange.
HOWaHANDFULofEARLYadoptersANDshitclonersFUCKEDtheCRYPTOmovementCOIN / BTC July 23, 2015, 07:05:23 PM
Ok ok.. I'm in.. as long as we call this the HOWaHANDFULofEARLYadoptersANDshitclonersFUCKEDtheCRYPTOmovementCOIN.
Its time to fleece the greedy noobs !
Its time to fleece the greedy noobs !
i was more leaning towards
Bitcoin 2.0: the Quest for More Fiat
Hio kelsey !
I'd say my idea has a better ring to it... no ?
July 23, 2015, 10:16:14 AM
Ok ok.. I'm in.. as long as we call this the HOWaHANDFULofEARLYadoptersANDshitclonersFUCKEDtheCRYPTOmovementCOIN.
Its time to fleece the greedy noobs !
Its time to fleece the greedy noobs !
i was more leaning towards
Bitcoin 2.0: the Quest for More Fiat
July 23, 2015, 09:47:21 AM
I only remember one Proof of Burn Coin which was launched with such an extreme amount of burn that it was burning about 50% of the Coins in every transaction and then burned down to nothing.
I'm not sure how Proof of Burn can realistically work???
There is
slimcoin https://bitcointalksearch.org/topic/ann-slimcoin-proof-of-burn-new-block-gen-mineable-by-low-power-computer-613213
ÇoinProLite https://bitcointalksearch.org/topic/coinprolite-cpl-converting-shitcoins-schit-etc-via-proof-of-burn-763364
levelcoin https://bitcointalksearch.org/topic/ann-levelcoin-proof-of-stake-proof-of-burn-hybrid-inflation-immune-422309
Third Generation Coin https://bitcointalksearch.org/topic/ann-tgc-third-generation-coin-proof-of-burn-dcrypt-algo-643300
and I think KoreCoin utilizes POB as a type of anonyminity https://bitcointalksearch.org/topic/korecoin-v20-korenew-era-voip-wallet-100-anon-100-pos-pobanon-668886
ChanceCoin? https://bitcointalksearch.org/topic/anncha-chancecoin-supernet-core-coin-for-betting-in-a-decentralized-casino-528023
That is the few I could find on the subject.
I'm not sure how Proof of Burn can realistically work???
There is
slimcoin https://bitcointalksearch.org/topic/ann-slimcoin-proof-of-burn-new-block-gen-mineable-by-low-power-computer-613213
ÇoinProLite https://bitcointalksearch.org/topic/coinprolite-cpl-converting-shitcoins-schit-etc-via-proof-of-burn-763364
levelcoin https://bitcointalksearch.org/topic/ann-levelcoin-proof-of-stake-proof-of-burn-hybrid-inflation-immune-422309
Third Generation Coin https://bitcointalksearch.org/topic/ann-tgc-third-generation-coin-proof-of-burn-dcrypt-algo-643300
and I think KoreCoin utilizes POB as a type of anonyminity https://bitcointalksearch.org/topic/korecoin-v20-korenew-era-voip-wallet-100-anon-100-pos-pobanon-668886
ChanceCoin? https://bitcointalksearch.org/topic/anncha-chancecoin-supernet-core-coin-for-betting-in-a-decentralized-casino-528023
That is the few I could find on the subject.
I think those are all distributed by burn, not by using burn in the consensus.
POB by consensus is analogous to POW, but instead of electricity being burnt, you are burning currency. Every block costs coins to produce, which immediately fixes all the nothing at stake problems which plague POS. The block reward is what incentivises miners to continually burn their own stake in order to produce blocks, and it has equilibrium at break-even just like POW.
The advantage of using burn instead of POW is that you can burn infinitely fast, meaning block times are not artificially constrained by computational difficulty, leading to faster confirmation.
July 23, 2015, 09:04:07 AM
This is just another shameless plug for craptsy and one or more of it's inhouse crapclones.
The 42 coin supply is much higher and is unlimited. This was hardcoded and has not been fixed even though this thread claims that it has.
https://bitcointalksearch.org/topic/42-and-descendents-have-unlimited-coin-supply-hardcoded-fixed-444775
The 42 coin supply is much higher and is unlimited. This was hardcoded and has not been fixed even though this thread claims that it has.
https://bitcointalksearch.org/topic/42-and-descendents-have-unlimited-coin-supply-hardcoded-fixed-444775
July 23, 2015, 08:28:55 AM
But to decrease money supply and scarcity there is also reduction in volume and trade, exchanges need volume and trade in order to keep Coins listed so if you are losing money on every trade then you won't trade, exchanges have less volume, less distribution of the money supply, less nodes and consensus. IMO Proof of Burn is not as popular as higher inflation because in higher inflation Coins people will sell excess coins for profit and retain most of their Coins once they reach ROI so you get wider and wider distribution over time.
You're assuming that price remains fixed. A reduction in supply tends to increase price - take a look at 42, for instance: 42 total supply, coin value: 3.4 BTC / coin.
https://www.cryptsy.com/markets/view/42_BTC
Inflation reduces the value of coins overall, because it increases supply... In essence what assume is the case is completely backwards from reality
There are no functional proof of burn coins that I'm aware of, which is why I'm interested in exploring how it would work.
42 Coins is the total amount of Coins that will ever be produced and it's extremely low coin supply (0.9178677 Coins currently) has the negative effect of making the Coin seem much more expensive than it's worth, the total marketcap for 42 is $902 USD or just over 3 BTC and being POW only it has been dropping in value ever since it was launched. Over the last 6 months it has lost about 25% in value http://coinmarketcap.com/currencies/42-coin/
I only remember one Proof of Burn Coin which was launched with such an extreme amount of burn that it was burning about 50% of the Coins in every transaction and then burned down to nothing.
I'm not sure how Proof of Burn can realistically work???
There is
slimcoin https://bitcointalksearch.org/topic/ann-slimcoin-proof-of-burn-new-block-gen-mineable-by-low-power-computer-613213
ÇoinProLite https://bitcointalksearch.org/topic/coinprolite-cpl-converting-shitcoins-schit-etc-via-proof-of-burn-763364
levelcoin https://bitcointalksearch.org/topic/ann-levelcoin-proof-of-stake-proof-of-burn-hybrid-inflation-immune-422309
Third Generation Coin https://bitcointalksearch.org/topic/ann-tgc-third-generation-coin-proof-of-burn-dcrypt-algo-643300
and I think KoreCoin utilizes POB as a type of anonyminity https://bitcointalksearch.org/topic/korecoin-v20-korenew-era-voip-wallet-100-anon-100-pos-pobanon-668886
ChanceCoin? https://bitcointalksearch.org/topic/anncha-chancecoin-supernet-core-coin-for-betting-in-a-decentralized-casino-528023
That is the few I could find on the subject.
July 23, 2015, 08:03:57 AM
But to decrease money supply and scarcity there is also reduction in volume and trade, exchanges need volume and trade in order to keep Coins listed so if you are losing money on every trade then you won't trade, exchanges have less volume, less distribution of the money supply, less nodes and consensus. IMO Proof of Burn is not as popular as higher inflation because in higher inflation Coins people will sell excess coins for profit and retain most of their Coins once they reach ROI so you get wider and wider distribution over time.
You're assuming that price remains fixed. A reduction in supply tends to increase price - take a look at 42, for instance: 42 total supply, coin value: 3.4 BTC / coin.
https://www.cryptsy.com/markets/view/42_BTC
Inflation reduces the value of coins overall, because it increases supply... In essence what assume is the case is completely backwards from reality
There are no functional proof of burn coins that I'm aware of, which is why I'm interested in exploring how it would work.
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