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Showing 14 of 14 results by 200BTCreward
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Topic
Board Project Development
Re: Looking for a partner for two projects
by
200BTCreward
on 11/11/2021, 01:00:31 UTC
Quote from: JamesBay on November 10, 2021, 11:07:12 PM
...
Project 2: new network POS coin.  Basically, BTC forked and converted to POS with lower total supply, same 512kb size, but fast, etc.  Will eventually need to work partnership with payment processor.  Network complete, qt wallet done, web wallet almost done - but having issues with exchanges (lack of funds).
...

What do you mean with

1) lower total supply, if you have a BTC fork?
Is it something like this? 'An idea to make Bitcoin better' https://bitcointalk.org/index.php?topic=5369060.0

2) ... but fast. How?

Thanks and good luck!
Post
Topic
Board Altcoin Discussion
Re: An idea to make Bitcoin better
by
200BTCreward
on 04/11/2021, 11:30:07 UTC
Quote from: ETFbitcoin on Today at 09:51:38 AM
Quote from: https://en.bitcoin.it/wiki/Principles_of_Bitcoin
All changes and upgrades to the protocol should strive to maintain and reinforce these Principles of Bitcoin

  • 21 million coins.
  • No censorship: Nobody should be able to prevent valid txs from being confirmed.
  • Open-Source: Bitcoin source code should always be open for anyone to read, modify, copy, share.
  • Permissionless: No arbitrary gatekeepers should ever prevent anybody from being part of the network (user, node, miner, etc).
  • Pseudonymous: No ID should be required to own, use Bitcoin.
  • Fungible: All coins are equal and should be equally spendable.
  • Irreversible Transactions: Confirmed blocks should be set in stone. Blockchain History should be immutable.

After the hard fork date all above mentioned points will be valid for this fork except point 1: supply of ~5,000,000 BTC instead of 21,000,000 BTC.


Quote from: aoluain on Today at 07:04:04 AM
Therefore whales will still be able to accumulate large amounts of the limited
coin over time the issue the OP has a problem with will exist again
as odolvlobo states.

If someone wants to become a whale, so it is also possible here. But it will be very difficult as there won't be sellers with large amounts of Bitcoin.

Post
Topic
Board Beginners & Help
Re: An idea to make Bitcoin better
by
200BTCreward
on 03/11/2021, 23:42:02 UTC
Quote from: odolvlobo on Today at 11:31:31 PM
Yes, they will. addresses holding 1-10 bitcoins will have 63% of all of the coins. Furthermore, there is nothing that prevents people from accumulating large numbers of coins (as they have in the past) and selling them.
Code:
Bitcoin:
[1,000 - 10,000)         2060         0.01%   (0.01%)  5,266,096 BTC    $332,164,968,947          27.92%  (41.91%)
[10,000 - 100,000)           83            0%      (0%)     2,063,607 BTC     $130,164,387,832          10.94%  (13.99%)
[100,000 - 1,000,000)               3            0%      (0%)       574,215 BTC      $36,219,249,792           3.04%   (3.04%)
~ 2000 addresses (~ 50% of supply)

Code:
new fork:
[1 - 10)                     62.93%           660653 addresses[/quote]
~ 660653 addresses (~ 63% of supply)



Post
Topic
Board Beginners & Help
Re: An idea to make Bitcoin better
by
200BTCreward
on 03/11/2021, 23:18:02 UTC
Quote from: odolvlobo on Today at 11:11:55 PM
Ok, I get it. You are making a new coin forked from Bitcoin.
Why a new coin? It is Bitcoin in the purest form. I hope people will understand the project.
Bitcoin, that rewards hodlers and small BTC value holders. But these are the majority group in the Bitcoin network.

Quote from: odolvlobo on Today at 11:11:55 PM
However, your proposal to limit the amount in an address does nothing to prevent whales from selling large quantities of the coin.
How?
Post
Topic
Board Bitcoin Discussion
Re: An idea to make Bitcoin better
by
200BTCreward
on 03/11/2021, 23:01:58 UTC
Quote from: odolvlobo on Today at 10:50:45 PM
Here is an example of the problem:

A. I have an address with 100 BTC and I send 1 BTC from it to an exchange in block 708078.

You can't already use your 100 BTC address. The new fork will mark it as not valid. But you can use it in the today's blockchain.

The project is something new, we never had something like that.

We have two important dates:
A: block 708077 (03/Nov/2021)
B: hard fork date (in the future)

until A: everything as usual
between A and B: the new fork does not exist but the transactions are important for the hard fork after B
after B:  the transactions will be checked, if they are valid, that means between A and B they were not > 10 BTC
Post
Topic
Board Bitcoin Discussion
Re: An idea to make Bitcoin better
by
200BTCreward
on 03/11/2021, 21:55:45 UTC
Quote from: odolvlobo on Today at 09:47:55 PM
You wrote that they couldn't move their bitcoins because the hard fork would occur in the past. I'm saying that doing a hard fork in the past is not feasible.
The hard fork will happen in the future, but the wallet of the new fork will check all blocks after block 708077, if the tx outputs are valid. My opinion: it will work.

For example:
Someone A has today 0.01 BTC, transfers it to an exchange address (> 10 BTC) -> These coins are no more valid in the new fork.
Someone B has today 0.01 BTC, transfers it to his/her/their other wallet address with 0.02 BTC -> new address with 0.03 BTC will be valid in the new fork.
Post
Topic
Board Bitcoin Discussion
Re: An idea to make Bitcoin better
by
200BTCreward
on 03/11/2021, 21:42:31 UTC
Quote from: odolvlobo on Today at 09:39:27 PM
People can move their bitcoins between now and when the hard fork occurs. Creating a hard fork in the past will invalidate all the blocks between then and now, and cause a major disruption. It will never happen.
Most coins < 10 BTC won't be moved until the hard fork date. And if someone moves the coins to addresses with balances < 10 BTC they will be valid.
Post
Topic
Board Bitcoin Discussion
Re: An idea to make Bitcoin better
by
200BTCreward
on 03/11/2021, 21:33:34 UTC
Quote from: odolvlobo on Today at 09:28:43 PM
You are confusing addresses with people. They are not the same thing.

Your plan will not work. For example, a person could simply move their 10000 BTC in a single address to 1000 addresses with 10 BTC each (before your freeze).

Your plan is not fair. Why penalize the people who have accumulated bitcoins?


How many users have done this? Now they can't do it in this fork.
Quote from: 200BTCreward on Today at 09:01:50 PM
... and "freeze" all bigger wallets after block 708077 (03/Nov/2021)
Post
Topic
Board Bitcoin Discussion
Re: An idea to make Bitcoin better
by
200BTCreward
on 03/11/2021, 21:19:51 UTC
--- reserved ---
Post
Topic
Board Bitcoin Discussion
Re: An idea to make Bitcoin better
by
200BTCreward
on 03/11/2021, 21:13:42 UTC
--- we can discuss that ---
Post
Topic
Board Bitcoin Discussion
Topic OP
An idea to make Bitcoin better
by
200BTCreward
on 03/11/2021, 21:01:50 UTC
Code:
Bitcoin distribution

Balance, BTC                Addresses   % Addresses   (Total)             Coins                   US         % Coins   (Total)
(0 - 0.001)                  19857868        51.37% (100.00%)         4,062 BTC         $256,245,016           0.02% (100.00%)
[0.001 - 0.01)               9628596        24.91%  (48.63%)        36,739 BTC       $2,317,367,223        0.19%  (99.98%)
[0.01 - 0.1)                  5920339        15.31%  (23.72%)       191,947 BTC      $12,107,287,259           1.02%  (99.78%)
[0.1 - 1)                     2442808         6.32%   (8.41%)     760,408 BTC      $47,963,600,688           4.03%  (98.77%)
[1 - 10)                       660653         1.71%   (2.09%)   1,685,082 BTC     $106,288,435,226           8.93%  (94.73%)
[10 - 100)                     131224         0.34%   (0.38%)   4,271,569 BTC     $269,434,057,820          22.65%  (85.80%)
[100 - 1,000)                 14044         0.04%   (0.04%)   4,006,382 BTC     $252,707,133,203          21.24%  (63.15%)
[1,000 - 10,000)          2060         0.01%   (0.01%)   5,266,096 BTC     $332,164,968,947          27.92%  (41.91%)
[10,000 - 100,000)            83            0%      (0%)     2,063,607 BTC     $130,164,387,832          10.94%  (13.99%)
[100,000 - 1,000,000)               3            0%      (0%)       574,215 BTC      $36,219,249,792           3.04%   (3.04%)
source: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html 03/Nov/2021

If we would create a Bitcoin fork that only allowed the use of the addresses with balances less than 10 BTC and "freeze" all bigger wallets after block 708077. That would include more than 99% of the todays holders.

Advantage:
Nobody would be there to sell huge amounts of Bitcoin.

Disadvantages:
"Big whales" would be excluded.


Would you support that idea?


[will be edited]
Post
Topic
Board Project Development
Re: Looking for Co-founders/Partners
by
200BTCreward
on 03/11/2021, 18:37:11 UTC
Quote from: Coinoplex on October 02, 2021, 03:15:46 AM
Quote from: Hamich124D on October 01, 2021, 03:12:35 PM
Are there any criteria you're looking for in your future  Co-founders/Partners ? are you looking for investors or devs ?
Investors mostly but I am keeping the door open for devs as well.
How can one invest?

And how will you handle KYC?
Post
Topic
Board Bitcoin Discussion
Re: I have 500 lost Bitcoin - need help
by
200BTCreward
on 02/11/2021, 11:47:02 UTC
Was it exactly 500, 490?
I think, I have an idea.
Post
Topic
Board Bitcoin Discussion
Re: I have 500 lost Bitcoin - need help
by
200BTCreward
on 02/11/2021, 11:37:00 UTC
Quote from: dhru9 on Today at 10:33:21 AM
Hello everyone
About 10 years ago, I bought 500 bitcoins, of which I used only 10, meaning that 490 bitcoins remained.

First, I will check the database for 500 BTC and 490 BTC ~10 years ago.