Its time to fleece the greedy noobs !
Topic: The legends of bitcointalk should make our own altcoin together, thoughts? - page 7. (Read 9221 times)
July 23, 2015, 07:59:31 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 !
July 23, 2015, 07:01:32 AM
I'm not really a fan of burning coins itself within a currency where you get a reduction of currency supply in the form of fees being destroyed because it should be where as much of the money supply is as active as possible and to reduce that active supply you would get less strength of the network as people forget about Coins they have or lose keys over time.
Reducing money supply increases scarcity and therefore increases coin value. I'm not sure how reducing active supply decreases the network strength?
In POB the network strength comes from the ongoing cost of block production, just like in POW.
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.
July 23, 2015, 06:30:02 AM
I'm not really a fan of burning coins itself within a currency where you get a reduction of currency supply in the form of fees being destroyed because it should be where as much of the money supply is as active as possible and to reduce that active supply you would get less strength of the network as people forget about Coins they have or lose keys over time.
Reducing money supply increases scarcity and therefore increases coin value. I'm not sure how reducing active supply decreases the network strength?
In POB the network strength comes from the ongoing cost of block production, just like in POW.
July 23, 2015, 05:56:04 AM
Well I was thinking something along the lines of a type of ledger system within current Coins (and could be adapted within Bitcoin) in which at regular intervals a snapshot of the chain is taken and parsed into a new genesis Block with all current balances and the old data is trimmed off. Were you thinking of something different?
Ahhh, for the burning part? That's certainly one way of handling POB for external burning... I was thinking about internal currency burning, simply because that breaks the tie with the slow confirmation times of external blockchains.
I'm not really a fan of burning coins itself within a currency where you get a reduction of currency supply in the form of fees being destroyed because it should be where as much of the money supply is as active as possible and to reduce that active supply you would get less strength of the network as people forget about Coins they have or lose keys over time. What I was talking about before is that in different Coins the Fees can either be added to the next Block (like BlackCoin), or are destroyed and reduces the money supply (as in PeerCoin).
I would like to figure out a good way in which there is a type of constant redemption of balances where you reset the Blockchain so the idea is where a snapshot is taken automatically and the balances are parsed into the first Block in the new chain so you don't need the data left over from the old chain so that you could infinitely keep the chain within a certain data size.
July 23, 2015, 05:25:34 AM
Well I was thinking something along the lines of a type of ledger system within current Coins (and could be adapted within Bitcoin) in which at regular intervals a snapshot of the chain is taken and parsed into a new genesis Block with all current balances and the old data is trimmed off. Were you thinking of something different?
Ahhh, for the burning part? That's certainly one way of handling POB for external burning... I was thinking about internal currency burning, simply because that breaks the tie with the slow confirmation times of external blockchains.
July 23, 2015, 05:06:54 AM
we don't really need another coin too.
it would be better if more coins merged their resources actually.
Can you explain this a little more detailed.I don't see the point. it would be better if more coins merged their resources actually.
July 23, 2015, 04:42:31 AM
How so if the Stake is burned or rewarded to the winner? I'm not sure I understand exactly what you mean here.
I think for a type of ledger system it would have a reduction of money supply but multiple chains being created with new Genesis Blocks with snapshots of the old chain. I envision something similar to how Clams distribution was handled but rolling over into new chains. Is that what you mean?
Edit: How do you suppose you would handle both types of Fees in different Coins that it could be more universal? In Coins there is both destruction of Fees and addition of Fees to the next Block.
I think for a type of ledger system it would have a reduction of money supply but multiple chains being created with new Genesis Blocks with snapshots of the old chain. I envision something similar to how Clams distribution was handled but rolling over into new chains. Is that what you mean?
Edit: How do you suppose you would handle both types of Fees in different Coins that it could be more universal? In Coins there is both destruction of Fees and addition of Fees to the next Block.
The first is a very good question - if the bidding is done in local currency, it cannot be via transactions (since they'd need consensus themselves) but some other method. I'm open to ideas on this.
Not quite sure what you're asking in the 2nd question. For coin distribution, you could either have share-drop on bitcoin, ICO, or separate the block reward out of the main consensus and have it (the block reward only) be POW based.
Well I was thinking something along the lines of a type of ledger system within current Coins (and could be adapted within Bitcoin) in which at regular intervals a snapshot of the chain is taken and parsed into a new genesis Block with all current balances and the old data is trimmed off. Were you thinking of something different?
July 23, 2015, 03:57:25 AM
How so if the Stake is burned or rewarded to the winner? I'm not sure I understand exactly what you mean here.
I think for a type of ledger system it would have a reduction of money supply but multiple chains being created with new Genesis Blocks with snapshots of the old chain. I envision something similar to how Clams distribution was handled but rolling over into new chains. Is that what you mean?
Edit: How do you suppose you would handle both types of Fees in different Coins that it could be more universal? In Coins there is both destruction of Fees and addition of Fees to the next Block.
I think for a type of ledger system it would have a reduction of money supply but multiple chains being created with new Genesis Blocks with snapshots of the old chain. I envision something similar to how Clams distribution was handled but rolling over into new chains. Is that what you mean?
Edit: How do you suppose you would handle both types of Fees in different Coins that it could be more universal? In Coins there is both destruction of Fees and addition of Fees to the next Block.
The first is a very good question - if the bidding is done in local currency, it cannot be via transactions (since they'd need consensus themselves) but some other method. I'm open to ideas on this.
Not quite sure what you're asking in the 2nd question. For coin distribution, you could either have share-drop on bitcoin, ICO, or separate the block reward out of the main consensus and have it (the block reward only) be POW based.
July 23, 2015, 03:38:21 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.
July 23, 2015, 03:35:27 AM
I see all this talk about legends, but all I see here are heroes.
hahahahaha. that is sooooo true.
this thread should be called "heros" thread
July 23, 2015, 03:33:30 AM
What about a trustless, decentralised ripple for altcoins?
Possibly would be to work together to create a ledger type system that could be implemented into current Coins.
The thing here is that people do not want more Coins so the options can be that if a group of people wanted, they could takeover a current dead Coin which would reward a number of current investors, collaborate around some current and running Coin/s, or work on things or projects that can universally benefit many Coins.
Personally, I'd like to see a true proof of burn consensus, where participants compete for transaction fees (and, or block reward) by bidding stake - the highest bid wins, and all bids are either burned (as in POW) or are also awarded to the winner. This is basically analogous to POW, except that the cost is not in computation, but currency which means you can have a much faster consensus.
How so if the Stake is burned or rewarded to the winner? I'm not sure I understand exactly what you mean here.
I think for a type of ledger system it would have a reduction of money supply but multiple chains being created with new Genesis Blocks with snapshots of the old chain. I envision something similar to how Clams distribution was handled but rolling over into new chains. Is that what you mean?
Edit: How do you suppose you would handle both types of Fees in different Coins that it could be more universal? In Coins there is both destruction of Fees and addition of Fees to the next Block.
July 23, 2015, 03:18:59 AM
What about a trustless, decentralised ripple for altcoins?
Possibly would be to work together to create a ledger type system that could be implemented into current Coins.
The thing here is that people do not want more Coins so the options can be that if a group of people wanted, they could takeover a current dead Coin which would reward a number of current investors, collaborate around some current and running Coin/s, or work on things or projects that can universally benefit many Coins.
Personally, I'd like to see a true proof of burn consensus, where participants compete for transaction fees (and, or block reward) by bidding stake - the highest bid wins, and all bids are either burned (as in POW) or are also awarded to the winner. This is basically analogous to POW, except that the cost is not in computation, but currency which means you can have a much faster consensus.
July 23, 2015, 12:04:40 AM
What about a trustless, decentralised ripple for altcoins?
Possibly would be to work together to create a ledger type system that could be implemented into current Coins.
The thing here is that people do not want more Coins so the options can be that if a group of people wanted, they could takeover a current dead Coin which would reward a number of current investors, collaborate around some current and running Coin/s, or work on things or projects that can universally benefit many Coins.
July 22, 2015, 10:42:06 PM
IMHO, everyone here has a coin, and no-one wants to start a new one. We could all create something for crypto eco. Something that Benefits all AltCoins.
i dont think so that many people have ever created a coin. I think 80% of the cryptos are made by the same 10 person. IMOStop reading my mind !
mudderfudder is at least one of those 10. lmao .. lest we forget his candygirls .. ROLF
July 22, 2015, 03:07:30 PM
What about a trustless, decentralised ripple for altcoins?
July 22, 2015, 02:54:48 PM
It could be distributed initially how POM "Proof of Member".
July 22, 2015, 09:59:50 AM
IMHO, everyone here has a coin, and no-one wants to start a new one. We could all create something for crypto eco. Something that Benefits all AltCoins.
i dont think so that many people have ever created a coin. I think 80% of the cryptos are made by the same 10 person. IMO July 21, 2015, 06:06:04 AM
I think we are on the right track, do you have a GIT we can work from?
I'll need a few days atleast because I have backend stuff I need to work on first for paycon. That is only an example of the kind of idea I'm going for and probably the best kind of thing multiple people can work on rather than to go for coin specific kind of stuff.
If OP wants to do a Coin with people, should just get together with some friends and come up with a plan and hardfork or additions to an existing Coin.
Your begging for help on your shitcoin is cute. Nobody fucking cares about CON and nobody cares about a bunch of douchebag "heros" trying to create yet ANOTHER shitcoin.
Give it up ladies. Your ideas aren't even original.
I think we are on the right track, do you have a GIT we can work from?
I'll need a few days atleast because I have backend stuff I need to work on first for paycon. That is only an example of the kind of idea I'm going for and probably the best kind of thing multiple people can work on rather than to go for coin specific kind of stuff.
If OP wants to do a Coin with people, should just get together with some friends and come up with a plan and hardfork or additions to an existing Coin.
Your begging for help on your shitcoin is cute. Nobody fucking cares about CON and nobody cares about a bunch of douchebag "heros" trying to create yet ANOTHER shitcoin.
Give it up ladies. Your ideas aren't even original.
He is only in it for the addnodes.
It seems there are no working addnodes now.
asking a few of the guys of who wants to add some nodes for Col 1.52, all my nodes are tied up at the moment
Those that complain are the ones that can't do it themselves, either come up with some ideas and add intelligently to the discussion or don't bother contributing at all. Half the battle is tact and working positively with solutions, not trying to slander everything and everyone.
Maybe mudder will join with xpy
Join ? Try, he probably cloned XPY. lol
Fyi, mudder's first staged shitcoin war was IFC vs IFCv2/COL. When they wouldn't/couldn't come up with the 200+ LTC client fix/update, he cloned IFCv2 as a direct response.
Which is probably part of your baseless claims you continually make based on no evidence, and there is a lot of these kinds of posts since you followed me around for an entire year claiming I was muddafudda.
So let's get back on topic and come up with ideas that can benefit everyone?
July 21, 2015, 04:10:17 AM
A lot of us seniors of the bitcointalk community have made a decent amount of bitcoin over our time here. By way of selling goods, trading altcoins etc. My thoughts are for some of the powerplayers to come together and create a new altcoin that makes some real profit for all of us involved and also for the rest of the community, I want this coin to leave all the others in the dust. I want this coin to be cutting edge and provide great features to the crypto ecosystem and be a real competitor in the space.
To be involved in this project you have to have some seniority in the bitcointalk community (or bitcoin community in general) and you need to have 5 bitcoins to put towards the project to show your serious (These terms may be able to be waived if you have some other extremely useful skill) . Note* I will not be controlling other group members bitcoins so you don't need to have any fear in me scamming you.
So what do you say? Legends of bitcointalk we may have had arguments with each other before but this right here is our chance to really make it big to make more profit then we have ever had before.
Some people say the glory days of altcoins are over, I say they've just begun. Leave a reply and message me if you're interested.
To be involved in this project you have to have some seniority in the bitcointalk community (or bitcoin community in general) and you need to have 5 bitcoins to put towards the project to show your serious (These terms may be able to be waived if you have some other extremely useful skill) . Note* I will not be controlling other group members bitcoins so you don't need to have any fear in me scamming you.
So what do you say? Legends of bitcointalk we may have had arguments with each other before but this right here is our chance to really make it big to make more profit then we have ever had before.
Some people say the glory days of altcoins are over, I say they've just begun. Leave a reply and message me if you're interested.
This is such a great idea that it's already being done:
https://bitcointalksearch.org/topic/m.8737736
July 21, 2015, 03:27:17 AM
We definitely need a SpoetnikCoin
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