Re: [ANN][GAP] Gapcoin - Prime Gap Search - New Math Algo - CPU / GPU - Zero Premine
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The main point, looking at the coins emission, is that the coin was primarily designed to give a lot of coins to early miners. Its main goal was not to find prime gaps for many years.
Thats fine. A lot of the coin economy is about trying to hype up things and convince people to pretend that this or that coin has some incredible value because bags shouldnt go to waste.
Im fine with that, and wish well for the development of gapcoin since I have a small amount. Eventually there will be a shift to genuine science coins which use taskwork by miners, and I will keep watching for that, but gapcoin is an interesting coin that may do well on its current path.
The main point, looking at the coins emission, is that the coin was primarily designed to give a lot of coins to early miners. Its main goal was not to find prime gaps for many years.
Thats fine. A lot of the coin economy is about trying to hype up things and convince people to pretend that this or that coin has some incredible value because bags shouldnt go to waste.
Im fine with that, and wish well for the development of gapcoin since I have a small amount. Eventually there will be a shift to genuine science coins which use taskwork by miners, and I will keep watching for that, but gapcoin is an interesting coin that may do well on its current path.
Gapcoins focus has always been prime gap discovery ... since block 1 ... that is gapcoin's Proof-of-Work functionality.
- https://github.com/gapcoin/Gapcoin-PoWCore
The emission is relative to the network difficulty (and of course the block halving). Again, ...
* Block reward proportional to the current difficulty
* Block reward halving every 420000 (about 2 years)
* Cap: about 10 - 30 million GAP
* Difficulty adjusts every block and increases logarithmically (it will probably take years to get to 50)
The economic model, in this regard, might be considered somewhat superior to Bitcoin.
Gapcoin mining, relative to Bitcoin has not even been pushed (logarithmically) much past the center of the spiral (network difficulty).
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As with Bitcoin, don't blame the code because you didn't (or couldn't) mine from block 1.
Don't blame the market or others because you didn't (or couldn't) buy coins when the price of market was relatively low.
Don't SPNDL and complain that you didn't HODL, because trust me, no one cares! Not even 1 Satoshi.
greed != prime_gaps [citation needed !?]
Gapcoin was designed obviously to find prime gaps for a short period of time.
You can pretend what you like, but anybody can go to the explorer and look at the coin counts each 100k blocks.
People who mined early got a lot of coins, a big reward for finding gaps, people who do so now, current miners, are getting a small fraction of what early miners got.
I never mined any coin. I bought small amounts of many dozens of coins, some of them paid off big, some not.
Gapcoin is one of a few coins that I supported out of interest, but I never mined it nor had interest in mining it simply because it consumed a bit too much resources even to run the wallet.
By your comment you were evidently one of the people mining and accumulating during crypto winter, and now you feel like you are heavily invested and must convince others that you were mining to find prime gaps, and not for longer term financial reasons.
I totally get the financial side. I was living in my car and a tent for a while and coins paid for a substantial increase in my resources.
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Gapcoin was one of the first coins made to use the electricity consumed to produce data. It has some value for that, and it should be developed in a way that anticipates the coin economy, not as a simple pump. It is obviously not a super high quality science coin despite what you pretend. Anybody can check and see the coin supply over time. Thats just the truth.
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Again and again, continue your development of the coin as you were doing before I interfered. Im sorry I intruded and will not comment anymore on this thread unless something is specifically addressed to me and needs a response.