Topic: Valorbit | VAL | https://valorbit.com | Valorbit coins Distributed By Humans - page 205. (Read 227398 times)

Windows installer is on homepage. But look in the source, seems quite scammy if you ask me

Antivir showed nothing here, but thx.

At first I thought the coin supply was ridonkulous but considering you're only decimalizing it to 2 decimal places instead of 8, the max money is equivalent to a more reasonable 922 million (instead of 922 quadrillion which is just dumb).

Avast blocked my download of the Win64 binary, showing Drep as the infection. Careful.

128 years pow, 1% premine - dev brilliant way to hide that huge premine.

I think you underestimate our intelligence here.

1%premine:
{
"version" : "v1.4.21.1-ares",
"protocolversion" : 60015,
"walletversion" : 60000,
"balance" : 0.00,
"newmint" : 0.00,
"stake" : 0.00,
"blocks" : 21364,
"timeoffset" : 0,
"moneysupply" : 922338021654889.62,
"connections" : 2,
"proxy" : "",
"ip" : "2003:4d:ec4e:d164:6500:3784:58b5:2479",
"difficulty" : {
"proof-of-work" : 0.07,
"proof-of-stake" : 0.17
},
"testnet" : false,
"keypoololdest" : 1454015322,
"keypoolsize" : 101,
"paytxfee" : 10.00,
"mininput" : 0.00,
"errors" : ""
}

I am already 1000 VAL rich  

{
"blocks" : 21350,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : {
"proof-of-work" : 0.00,
"proof-of-stake" : 0.17,
"search-interval" : 0
},
"blockvalue" : 5000000,
"netmhashps" : 0.01,
"netstakeweight" : 3985430.59,
"errors" : "",
"pooledtx" : 0,
"stakeweight" : {
"minimum" : 0,
"maximum" : 0,
"combined" : 0
},
"stakeinterest" : 2,
"testnet" : false
}

Coin name: Valorbit   
Symbol     : VAL
https://Valorbit.com

The Valorbit coin is Distributed By Humans (DBH)

• Socially distributed by you on Facebook, Twitter, LinkedIn and over email.
• You have the power to decide who gets more not just some mining hardware.
• Deservedly get valorbit referral rewards from your Valorbit coin Network.

Step 1 :  Get a signup gift from Valorbit.com or from friends.
You can get a gift even after you signup with email.

Step 2 : Collect the gifts
The gifts are denominated in valorbits and can be collected anytime by adding Facebook to your Valorbit.com account.
Gift valuation is higher for SMS verified Facebook accounts.

Step 3 : Receive valorbits for collected gifts, some instantly and some over time
You get a Valorbit address , just like on Bitcoin, and valorbits are transferred daily to your addresses.
Right now you can access the received valorbits outside of Valorbit.com only by importing the private key into the Valorbit desktop wallet ( File->Import).
Web based transfers will be added asap.


Step 4: Get more valorbits sharing gifts with friends by email and on social networks  
Sharing on Facebook, Twitter and LinkedIn are supported at the moment.
You get credited with a gifting pool of valorbits to share gifts with friends.
Track your valorbit marketing campaigns on all distribution channels (clicks, signups, collections ).

The higher your trust level on Valorbit.com the larger your gifting pool.
Add Facebook for increased trust levels.

Step 5: Friends collect gifts with Facebook to receive valorbits.
Just press the [ Collect with Facebook ] button after your login to Valorbit.com

Step 6: You get referral rewards for the gifts that your invited friends collect.
Ultimately this is how you can make a lot more than just the signup gifts.
You are distributing valorbit coins to humans and that is something worth rewarding.
You only get referrals from directly invited friends whom collect the gift with Facebook.
Watch your gifts and referrals fully vest into your account and give the market a bit of time to assign VALue to your contribution to the Valorbit coin network.


Gift reward multiplier
Both you and your friends get a gift reward multiplier for collecting with SMS verified Facebook.
Activate at any time by adding SMS verification to your Facebook account and signing into you Valorbit.com account using Facebook.

Once activated the reward multiplier applies to all gifts, past and future.
You do not loose anything by adding it at a later time ( other than time of course ).
[/size]

You can mine valorbits in classic PoW(scrypt) and PoS(2%) modes.
These supported distributions are however secondary by volume to the DBH method.

Resources

Primary distribution platform
https://valorbit.com

Official Wallets
https://valorbit.com/downloads

Digitally signed wallet
MacOSX 64 bits

Wallets not yet digitally signed

• Windows 32 and 64 bits
• Ubuntu 64 bits

Mobile Wallets

• Android : Valorbit HD Multi coin Wallet on Google Play
  https://goo.gl/aoncHr
  

Source code (GitHub)
https://github.com/valorbit/valorbit


Community contributions
( thanks to Juudai )
Author's announcement: https://bitcointalksearch.org/topic/valorbit-dice-provably-fair-the-cryptocurrency-distributed-by-humans-1377403

Valorbit dice  http://dice.valorbit.win/
Faucet  http://valorbit.win/

Download the latest Valorbit blockchain

The blochain database enables the quick sync (almost instant ) of your wallet with the Valorbit coin network

https://valorbit.com/downloads

Unzip and complete the steps explained in the README.txt file
Content pasted here as well:

https://forum.valorbit.com/t/download-the-latest-valorbit-blockchain/144


Mining Pools

http://mineblocks.no-ip.org:2627/pool/VAL/
http://ypool.ga/val/

Good mining howto

CPU miner
https://github.com/pooler/cpuminer



CoinMarketCap.com
Work in progress :-)

Exchanges
C-Cex.com

• VAL-DOGE
• VAL-USD
• VAL-LTC

Technical aspects

Understood By Humans
Valorbit humanely uses just 2 decimal digits.
E.g. : VAL 9.12

Primary distribution method
1% pre-mine Distributed By Humans over email and social networks.
You have the power to decide who gets more not just some mining hardware.
You get valorbit referral rewards from your invitees network.

Secondary distribution methods:
2% PoS annual interest
128 years of PoW Scrypt mining

Valorbit Block Explorers
http://unblock.valorbit.com/  ( ABE based )

Third-party explorer with exchange updated VAL/USD conversions
https://prohashing.com/explorer/Valorbit/


Block time= 4 minutes
Coinbase maturity = 250 blocks
Minimum PoS age = 8 hours
Default port=8338
Default RPC port = 8339

PoW block awards

• Year 0   :   50 000 VAL
• Year 1   : 100 000 VAL
• Year 2   : 200 000 VAL
• Year 3+ : 400 000 VAL

Max Money and decimal digits

Because of using 2 decimal digits the Valorbit MAX_MONEY is  92 233 720 000 000 000  VAL.
That is about 92 quadrillion raw units.

The socially distributable premine is 1%:
SEED_MONEY = MAX_MONEY/100;

The current Valorbit supply is 922 trillions VAL

Github.com: main.h


As we all know internally the cryptos use integer raw units.
The decimal place is a formatting convention for humans and correlates with a denomination like milli-bit or micro-bit.

Using the same units from Bitcoin units
we need to scale the units to compare similar things.

The Valorbit denominated in Mega-Vals :  1 MVAL = 1 000 000 VAL because MVAL has 8 decimal digits just like DOGE.
The Doge denominated in micro-Doge : 1  μDOGE = 0.000 001 DOGE because the microDoge has 2 decimal digits like VAL.


Working in raw units the current supply for Valorbit is actually a lot less than Doge.



Crypto    |        Raw units ( integer )     | At scale of 2 decimal digits     | At scale of 8 decimal digits
Valorbit  |     92 233 864 645 128 900 units |     922,338,675,349,230.00 VAL   |     922,338,675.00000000 MVAL
Doge      | 10,354,519,659,000,000,000 units | 103,545,196,590,000,000.00 μDOGE | 103,545,196,590.00000000 DOGE


About 112 times more raw units in Doge than Valorbit ( or micro-DOGEs than VALs).



From Bitcoin wiki
Bitcoin has 2.1 quadrillion raw units, making up 8 decimals of BTC precision

Currently about 75% bitcoins have been issued , i.e. about 1.5 quadrillions satoshis.