Post
Topic
Board Announcements (Altcoins)
Re: $BSTY GLOBALBOOST® DuckDuckGo Bittrex Yescrypt Social Networks Manager™ Yesmines
by
WigitGetIt
on 07/04/2015, 18:34:34 UTC
That's it? The "$BSTY Master" Proposes copy and paste with increased reward?  LOL
BSTDEV brought crypto currency Yescrypt. Now that is a contribution. What innovation do you bring? You speak about annonymous transactions. Do you have a white paper on that? A coin of your own?
To me you look like a 2 bit Eastern European POS bully with access to 50 computers on the weekend.

SPEND YOUR $BSTY HERE: https://Jafkpot.GlobalBoo.st


how you plan to compensate the lost for us ( i hold >20000 BSTY) from mining , buying and pool fee... now if you make the block 1024 all my work is gone from 20 blocks?

At this point you agreed with the 50 reward that's why you mine. I cannot do anything about this. For now, should stop mining, as of now the coin has ZERO value. It is insecure, with the 50 block reward.
But if from block 29200 you like 1024 reward block, install my version.

Anyway for this to work, *most* users must install this, including exchanges and pools.

So we need many users to express their support.

Your work with 50 reward block will still be valid, because the reward change occurs only after block 29200, until then, the 2 versions are compatible.

edit:
As for compensation, if you are amongst the first to mine at 1024 reward, you will get a lot of coins, but eventually a lot of people will mine, so you will be finding less blocks yourself (but more valuable). But once more people start mining, the coin will once again be secure, and the exchanges should accept it, so it will have value. Still until the difficulty raises above 2.048, you will still earn more coins. For your reference, diff was never higher than 1.000 when the reward was 347.

In effect, by supporting the 1024 increase, you are getting compensated for 3 months worth of worthless mining, that the BSTY team forced you into.

And I must insist that it is not my fault that the coin is insecure, the BSTY team did this to you, I ONLY EXPOSED THE FLAW.

PS: don't forget to give me your feedback on what you think the reward should be after block 29200, and give me suggestions on how to schedule the reward decrease. Anything goes, it doesn't have to halve every 4 years, we can change it in any conceivable way, as long as everybody agrees to this.

Yup looks like someone called it right to me.  Bully tactics are worthless.  Start your own coin and compete of you have a better idea.  Yescrypt is out there for everyone and we would love to see other people innovating with it.  We might have worked with you bstymaster, if you would have shown some decency.  See ya later, good luck with your copy and paste.