VLAD STILL DOESN'T REALIZE THAT THE "VGB PROTOCOL" IS BROKEN:Yeah I noticed that (see "on edit") after posting. However it looks like no block will get the lottery due to the order of the if statements.
Holy shit, you're right.
Big issue, the "VGB protocol" is completely broken not only in design, but also in implementation. No blocks will ever get the reward.(Okay technically, blocks 249 and 250 alone have a small chance of getting the reward. But no other blocks!)
Also, a reminder that the coin is built to practically self-destruct:
Oh wow, I just realized there's no reward halving at all. After 7 years, rewards abruptly stop. Transaction fees will pay some rewards, but the sudden immediate drop-off would be chaos for the network as most miners go offline, and the remaining miners that stick it out will have extreme trouble meeting the high difficulty left in the wake. And then the network will be very vulnerable to 51% attacks.
Major issue.
And my biggest mistake was to launch a coin with no experience. But all my friends as doctors, engineers or bums. No programmers. The coins launched so far are Mickey Mouse - so much better can Boone but people only care about making a quick buck. I genuinely wanted a real coin for the long term where the payout would have come Down the line.
Long term indeed.
Is this thread some sort of practical joke?
He admits many times he has no ideas for the coin, besides that he wants to make it "for the miners" (of course, making a currency solely revolving around the money printers is fucked). Oh, and his one other idea was to copy LuckyCoin's random giant block rewards as if that were going to benefit the small miner. And he states how we should be grateful and he deserves
his millions of coins premine.
Is this a project by some bitcoin-critic to see just how scammable the bitcoin community is? This can't be not on purpose, can it? Everything is just filled with failure here. I'd be cracking up laughing if people weren't still falling for it somehow.