https://bitcointalk.org/index.php?topic=157994.0;all
Russian thread is more up to date
most of the time...
Topic: TrueCoin <-- coin with moderate inflation (Read 5672 times)
>>> more specific...
~ 1000 B.C or maybe this summer,
if somebody will donate something
~ 1000 B.C or maybe this summer,
if somebody will donate something
@TheSwede75
Read the LATEST predraft( and not the first
(now obsoleted)).
We still unsure about premine's necessity.
If trolls will be pedaling "premine issue"
, we'll take steps to undermine them
with "undermine".
In fact we are NOT upset at all
(cuz we are coldblooded AIs )
@Red
THank you !
We have'not seen that UdivCoin thread.
Time to correct our mistake.
@markm
You have an interesting ideas,
about "how to distribute coins in
a fair and proportional manner world-wide".
But to use this in TC, we likely
should fork DevCoin (instead of PPC).
We are somewhat confused with internals of
DVC.
What weak points DevCoin has in your opinion ?
Dictators and the peoples "that deserved them" - yes, this a natural selection's force in the action.
Read the LATEST predraft( and not the first
(now obsoleted)).
We still unsure about premine's necessity.
If trolls will be pedaling "premine issue"
, we'll take steps to undermine them
with "undermine".
In fact we are NOT upset at all
(cuz we are coldblooded AIs )
@Red
THank you !
We have'not seen that UdivCoin thread.
Time to correct our mistake.
@markm
You have an interesting ideas,
about "how to distribute coins in
a fair and proportional manner world-wide".
But to use this in TC, we likely
should fork DevCoin (instead of PPC).
We are somewhat confused with internals of
DVC.
What weak points DevCoin has in your opinion ?
Dictators and the peoples "that deserved them" - yes, this a natural selection's force in the action.
@Malawi
Your second paragraph sounds unsafe for us.
We prefer to keep as much vetted/tested
solutions from Satoshi-client "as is"
as we can
THink of it like "alloy of innovations
with caution"
Your second paragraph sounds unsafe for us.
We prefer to keep as much vetted/tested
solutions from Satoshi-client "as is"
as we can
THink of it like "alloy of innovations
with caution"
We have simulated emission in TrueCoin :
http://pastebin.com/yTqNtzwN
What do you think about percentage between
neighboring years ?
-----
And finally we have good idea regarding
name for the TC :
http://en.wikipedia.org/wiki/Sampo
http://pastebin.com/yTqNtzwN
What do you think about percentage between
neighboring years ?
-----
And finally we have good idea regarding
name for the TC :
http://en.wikipedia.org/wiki/Sampo
ETA : some day in the future...
So far we plan 2 min intervals between
PoW blocks , if there will be PoS
blocks (this is still unclear)
the average time will "skewed" towards
1 min...
So far we plan 2 min intervals between
PoW blocks , if there will be PoS
blocks (this is still unclear)
the average time will "skewed" towards
1 min...
Any update on this?
>>> more specific...
~ 1000 B.C or maybe this summer,
if somebody will donate something
~ 1000 B.C or maybe this summer,
if somebody will donate something
Donation? For changing 0.001% of the Satoshi code.
Do it free. For the good of the community.
ETA : some day in the future...
could you be a bit more specific?
TrueCoin is like a twisted version of to Universal Dividend. It represents a "Miner Only" Dividend coin. I guess that's for people who invest their time and efforts in making the coin possible. The only rational name for the coin I can see is the obvious.
An extended (to smoothly allow billions of people as receivers of generated coins) form of how DeVCoin works could do a "universal dividend".
You could maybe use a heirarchic pyramid of "receiver" files, to allow billions of people receiving coins without the clients having to directly deal with the full lists of all citizens of all nations on the planet.
So maybe for example put nations' national coffers into the receivers lists proportionally to their populations, then leave the actual splitting up of each nations' citizens' coins among the actual citizens to the national adminstrations.
90%, or whatever percent you can manage while still compensating miners for the dirt cheap task of merged-mining the coin, goes to the "receivers" instead of to the miners. Ultimately all people recognised by their nation as actual people eventually get some coins, provided they are responsible enough as citizens to ensure that they do not place into power over them, or tolerate in power over them, a government that fails to ensure each and every citizen gets their appropriate share of that nation's share of the universal dividend...
Not sure what to do about dictatorships etc - is there is any truth in the notion the people get the government they deserve?
-MarkM-
This is a very interesting coin philosophically. It's in the class of "Redistribution of Wealth" coins like:
FreiCoin - Demurrage based coin
UDivCoin - Universal Dividend based coin (see: https://bitcointalksearch.org/topic/universal-dividend-796)
Those two coins are polar opposite implementations of the same basic idea. "Spending money encourages growth."
TrueCoin is like a twisted version of to Universal Dividend. It represents a "Miner Only" Dividend coin. I guess that's for people who invest their time and efforts in making the coin possible. The only rational name for the coin I can see is the obvious.
InvestorCoin - Takes value from everyone. Gives it to mining peer node operators.
To turn this coin into Universal Dividend would require every alive human to run a mining node of approximately equal hashing power. That could be done, but it sounds a bit redundant, heavy on bandwidth, and wasteful of resources.
EDIT: I linked this thread here. https://bitcointalksearch.org/topic/m.1878011
Trying to build an index of people working on coins they hope will have a stable value. [StableCoin]
FreiCoin - Demurrage based coin
UDivCoin - Universal Dividend based coin (see: https://bitcointalksearch.org/topic/universal-dividend-796)
Those two coins are polar opposite implementations of the same basic idea. "Spending money encourages growth."
TrueCoin is like a twisted version of to Universal Dividend. It represents a "Miner Only" Dividend coin. I guess that's for people who invest their time and efforts in making the coin possible. The only rational name for the coin I can see is the obvious.
InvestorCoin - Takes value from everyone. Gives it to mining peer node operators.
To turn this coin into Universal Dividend would require every alive human to run a mining node of approximately equal hashing power. That could be done, but it sounds a bit redundant, heavy on bandwidth, and wasteful of resources.
EDIT: I linked this thread here. https://bitcointalksearch.org/topic/m.1878011
Trying to build an index of people working on coins they hope will have a stable value. [StableCoin]
"There will be some premine" ?
Why don't you just say 'We will start the coin with 'scam' stamped on it.
Why don't you just say 'We will start the coin with 'scam' stamped on it.
Would it be possible to make the blocks at 1 min intervals?
Reason is that if transactions are carried by blocks, the transaction time goes down.
Reason is that if transactions are carried by blocks, the transaction time goes down.
The risk of a mined block by a miner getting orphaned increases though.
I have not quite gotten why it is necessary to orphan blocks. Would it not have been more natural to either split the coins or reenter the block?
It might be possible to reduce the amount of orphan blocks by letting a client/pool "call dibbs" on a block, and then be allowed to be the only one who mines at that block for x time. If the block is not solved by x time, someone else gets to try.
It is an interesting ideas for a real alt coin. I keep reading this thread with a great interest
This is interesting. I wish I had more computer power for all the different altcoins!
Would it be possible to make the blocks at 1 min intervals?
Reason is that if transactions are carried by blocks, the transaction time goes down.
Reason is that if transactions are carried by blocks, the transaction time goes down.
The risk of a mined block by a miner getting orphaned increases though.
Would it be possible to make the blocks at 1 min intervals?
Reason is that if transactions are carried by blocks, the transaction time goes down.
Reason is that if transactions are carried by blocks, the transaction time goes down.
any ETA on this?
First of all: congratulations on listening to us and decided against doing a premine! You will not regret this decision.
The reason we recommended you not to premine wasn't because we wanted to troll your coin. I want your coin to be successful, that's why I gave you what I thought was constructive criticism. We've seen the effects premine has on reputation. I personally think NovaCoin (Scrypt/PoS) was a very interesting concept, but because of the premine, it lost some of its reputation. Now I don't discuss whether this is right or wrong. It's just how it is. It is a fact: premines negatively affect a coin's reputation. If you choose to ignore this fact, then do, and suffer the consequences. No trolling here. I wish you all the best, that's why I also participated in your "coin name" contest.
The reason we recommended you not to premine wasn't because we wanted to troll your coin. I want your coin to be successful, that's why I gave you what I thought was constructive criticism. We've seen the effects premine has on reputation. I personally think NovaCoin (Scrypt/PoS) was a very interesting concept, but because of the premine, it lost some of its reputation. Now I don't discuss whether this is right or wrong. It's just how it is. It is a fact: premines negatively affect a coin's reputation. If you choose to ignore this fact, then do, and suffer the consequences. No trolling here. I wish you all the best, that's why I also participated in your "coin name" contest.
+1
An altcoin isn't just about making changes, then releasing. You must win the support of the community to be successful.
Nice to see a fresh change to a new algorithm idea.
First of all: congratulations on listening to us and decided against doing a premine! You will not regret this decision.
The reason we recommended you not to premine wasn't because we wanted to troll your coin. I want your coin to be successful, that's why I gave you what I thought was constructive criticism. We've seen the effects premine has on reputation. I personally think NovaCoin (Scrypt/PoS) was a very interesting concept, but because of the premine, it lost some of its reputation. Now I don't discuss whether this is right or wrong. It's just how it is. It is a fact: premines negatively affect a coin's reputation. If you choose to ignore this fact, then do, and suffer the consequences. No trolling here. I wish you all the best, that's why I also participated in your "coin name" contest.
The reason we recommended you not to premine wasn't because we wanted to troll your coin. I want your coin to be successful, that's why I gave you what I thought was constructive criticism. We've seen the effects premine has on reputation. I personally think NovaCoin (Scrypt/PoS) was a very interesting concept, but because of the premine, it lost some of its reputation. Now I don't discuss whether this is right or wrong. It's just how it is. It is a fact: premines negatively affect a coin's reputation. If you choose to ignore this fact, then do, and suffer the consequences. No trolling here. I wish you all the best, that's why I also participated in your "coin name" contest.
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