Yes and every one knew what a 0x was a week after they way the do now, so rushed to mine 0x. Its far more open to more actors coming in now than a week then. So Relatively orders of magnitude more fair.
Whether everyone found out about it early or not is irrelevant. The important distinction is that 0xBTC dev mined alongside with others, rather than keeping it to themselves for a period of time.
That's your view, my view is that given the overall dissemination of information about 0x is vastly larger, there is more opportunity for people ready and understanding to join in, so it can attract a more broad based distribution. It's my view you can not arbitrarily discount the knowledge of use
The market will decide.
Trusting a test net for everthing vs live. Never.
While there certainly are exceptions, this is not one of them.
You simply copied and pasted a proven to work contract and changed a few parameters, out of which only 2 affect the functionality. (_totalSupply and targetEthBlocksPerDiffPeriod)
I'd be interested to hear why you think something so simple demands such extensive testing.
Line 195:contract _0xLitecoinToken is ERC20Interface, Owned {
contract _0xBitcoinToken is ERC20Interface, Owned {
Line 264:function _0xBitcoinToken() public onlyOwner{
function _0xLitecoinToken() public onlyOwner{
Line 268:symbol = "0xBTC";
symbol = "0xLTC";
Line 270:name = "0xBitcoin Token";
name = "0xLitecoin Token";
Line 274:_totalSupply = 21000000 * 10**uint(decimals);
_totalSupply = 84000000 * 10**uint(decimals);
Line 396:uint targetEthBlocksPerDiffPeriod = epochsMined * 60; //should be 60 times slower than ethereum
uint targetEthBlocksPerDiffPeriod = epochsMined * 15; //should be 15 times slower than ethereum
I found that the domains 0xLTC.com
Updated Date: 2018-04-30
Created Date: 2018-04-30
Registrar Expiration Date: 2019-04-30
and 0xLTC.org had just been purchased
Domain Name: 0XLTC.ORG
Registry Domain ID: D402200000005971141-LROR
Registrar WHOIS Server: whois.namecheap.com
Registrar URL:
http://www.namecheap.comUpdated Date: 2018-04-30T11:45:50Z
Creation Date: 2018-04-30T11:45:49Z
As you can see it was a few days before the launch....I at this point took the view someone else was about to launch and took the view that first to market was essential.
This made me less easy relying purely on the test net, rather than a live test given that i am proposing to launch a coin that I feel could be valued in the 100 of millions or more, it would be reasonable to run a live test in all circumstances.
A premine would be an allocation, before any public mining started.
An allocation
or any mining which takes place PRIOR to a coin been announced, or any mineable coin launched without sufficient advance notice and with a low difficulty.Basically if it gives the developers (and their friends) an advantage, it's considered a premine.
Your actual complaint is you did not know about it being mined. It was publicly mined and any actor that bothered to search for it could have.
My complaint is that
nobody aside from you knew about it. You kept it to yourself and mined in peace
before deciding to tell the rest of us about it.
I will deal with these together as they are sufficiently close.
This is your definition.
You or anyone could put a script in to watch new token at any time being launched, and mine them.
That you or others choose not to do this is a matter for you. Eg poll if(query.api.blockscanner() NE (0x***) where (0x***) is in existing database then send alert to self.
you could even start an automine script if you wanted to, and narrow your search to 0x*L* or 0xB** etc, it's really up to you how much you want to spend in eth and time.
You complaint remains if you were prepared to put in the effort.
It seems rather you want to be told.
Now sure there may be a market effect of not disseminating information in a particular form, eg via ANN but that is a decision by the launcher. Your complaining about that effect. So if you or someone else can find a coin where they could get on earlier, all power to them, each person can assess their own risks, effort and reward.