nm - changed my mind.

Ok, I've done as much research on this as I know how but admit that I'm far from an expert...so I'm asking.

Understanding that the ultimate "payoff" should be the same, has it ever been considered to modify block reward instead of modifying difficulty?

Again, being a relative newb, I've probably missed at least something if not most things but, here's what I'm thinking:

• One of the issues with Bitcoin/Namecoin and potentially any other coin that isn't resistant to ASICs is that as the difficulty increases, hashes/sec vs. reward pushes the smaller/home players out of the market.
• As more and faster ASICs are introduced, any prior investment is rendered more and more obsolete.

If, for example, Block Reward was modified (and possibly difficulty to keep things from getting utterly ridiculous but not 200,000,000+) every say 20 blocks or something like that, you could keep the release rate of coins per hour consistent, regardless of difficulty or global hash rate.

One other issue I've thought about with regards to the ultra-high difficulties on SHA-256 coins is that if a new one comes out and someone wants to "kill" it, they just throw their ASIC miner at it for a couple of hours, crank the difficulty into the stratosphere and then walk away from it.  It takes WEEKS for the difficulty to come back down and only after a concerted effort by a small community to even keep chugging away at blocks until the next adjustment (or in some cases multiple adjustments).

As a potential "fix" to what I see as a weakness, I was wondering how well this would work:

• Certain wallet IDs would be incapable of holding any coins.
• Those wallet IDs/addresses, starting with the one that mines the genesis block, would be able to perform "maintenance".  For example, if that address is used to mine a block, it could force a difficulty adjustment back to something "realistic" within one block without having to wait for the next natural adjustment.
• Additional maintenance addresses could be created and then included in the code for the wallet.
• There would be severe limitations placed on what the maintenance addresses could do.  They couldn't modify the block reward or reverse transactions or anything like that

Lastly, while everyone wants to tie their cryptocurrency to the price of fiat...what if there was no way to directly convert/tie the "value" to local fiat for exchange.  Only a mutually agreed upon value when used for barter?  The "handshake" at the end of a closed deal.  I wouldn't be surprised to learn that this was one of the ultimate goals of bitcoin but it's something I've been wondering about.

Anyway, just some musings that I don't have the knowledge to answer for myself or ability to code on my own.  Figured I would throw them out there.

Not asking for confirmation of such but since sock-puppet accounts are allowed, I don't know if you guys track by IP.  Any way to tell if he was at least coming from the IP of 5pppppp?  Might be interesting to know if nothing else so the community can be immediately warned if he comes back as someone else.

It was a play on words, dumb-ass.  Michael Vic was convicted for dog fighting.  The joke is "I'm Michael Vic and I don't have a dog in this fight."

If anyone here is stupid it's you, moron.

ETA:

Keep it up, this is actually fun (although I'm done replying to you...I have more important things to do like take a dump).  Unless the thread gets nuked you're just burying yourself.

And with that statement right there you have a) admitted to criminal activity in the US, Japan, EU, UK and yes...the Netherlands and b) yes, committed a crime, regardless of "claimed" intent.

If ANY member of this forum were so inclined they could contact their local law enforcement agency who could, again if so inclined, contact their federal/national law enforcement agency to get IP logs from the board.  I understand that we're hosted here in the Netherlands and that they don't keep server logs but that isn't the same as board logs.

In the US, the FBI and CIA would BOTH become involved and depending where YOU are, you have committed anywhere from a misdemeanor to a FELONY simply by knowingly distributing the virus or trojan without informing those who could download your source and compiled binaries.

I'm Michael Vic here, I don't have a dog in this fight but you, smarter criminals have gotten caught and put away for less without shooting their mouth off.  Personally, I run all of my miners in sandboxed VMs (plural) and use multiple wallets.

Reserved also...just in case...of what I have no idea but damn it I haven't been able to get in on Reserving a first page slot YET so I'm going a little wild.

Reserved

I thought I noticed a pattern emerging with the truly staggering number of alts that were released over the last couple of weeks and so I did a little digging, not like data mining digging but I did put some time into searching and reading through a painful number of [ANN] threads.

Things I noticed:
1) there seemed to be a "core" group of alt-miners that just freakin' enjoy mining stuff...doesn't matter what it is;
2) there were almost always new members on a thread asking for help setting up everything from .conf files to cgminer batch files;
3) EVERY...SINGLE...LAUNCH, without exception, was, is and will be an orphan-fest-orama;
4) within ten minutes of launch, the lucky/fast/prepared/experienced miners were creating [WTS] threads for for ridiculous amounts of coins.

Why does this matter and what am I suggesting?  Well, first of all I don't even know if it's possible and if it isn't then what I'm suggesting simply won't work.

NewBit - the name is a combination of Newb and BitCoin

It would be a coin (NWB...notice the distinct LACK of a "C" at the end...that was SO May 2013!) that has the following characteristics:

LiteCoin clone so we can use scrypt and allow the newbs to use their CPUs if they just don't have a good enough GPU and to prevent it from being ASIC attacked...however...
Even if it were attacked it wouldn't matter because
1) the blockchain is destroyed and recreated every 30 days -- BY DESIGN
2) coins "expire" or age out after 5 days -- BY DESIGN
3) the difficulty would be FIXED to never rise above a certain level...period
4) sufficient block reward to make the experience "enjoyable"
5) minimal confirmations necessary (5? 10?) because...the blockchain is destroyed every 30 days
6) long enough block target to at least try to keep orphans to a minimum at first (nothing is going to eliminate them though)

But WHY?
To reset the coin and start over every 30 days.  The purpose of the coin is NOT to be used as a commercially viable alternative to ANYTHING.  It's designed as a...coin with training wheels.  I got the sense that people were releasing coins (aside from pump and dump to become overnight quadzillionaires) because they could and because frankly, solo mining can be a rewarding experience when you see that 20 or 50 or 524,288 show up in your wallet.  Coins would expire or age out for the same reason.  Why pump and dump something that is going to cease to exist and be re-created in less than a month?

It would, for this coin at least, prevent some of the craziness surrounding the coin and hopefully kill the religious zealotry because this coin is designed to fail from the very beginning.  We know when it's going to die because the birth certificate has an expiration date.

What else would be needed?
Well, the community would need to support it.  I don't mean try to get it on Cryptsy or any other exchange, I mean we as a community would need to pull together, if you were interested and make the first page of posts USEFUL to the newb.
1) a .conf file that is ready to cut and paste on day one with addnodes if necessary;
2) pools set up and ready to run as soon as it is re-launched on the first day of the month (or the fifteenth, or the 8th at 8:17 AM MST...whenever we decide);
3) sample batch files that, in many cases, should work for ANY configuration.  I don't know if this is possible because I have an nVidia GPU on my laptop (work laptop, only computer I use) but it seems that there are some general "fallback" settings that should "always" work, regardless of your card if it's an ATI/AMD.
    cgminer batch file(s) - AMD/ATI GPU
    cudaminer batch file(s) - nVidia
    minerd batch file(s) - CPU
    stratumproxy batch files - Set up a local stratum server
4) links, inside the thread, to download any/all necessary tools:
    pooler-scrypt
    guiminer-scrypt
    stratumproxy (if they don't want the whole guiminer-scrypt bundle)
    Any tools useful to identify hardware
    Any other tools we decide would be helpful
5) PRE-COMPILED BINARIES for the Windows-qt wallet
6) Documentation/explanations of the process to get things going

But...but...but isn't all that stuff already out there on the forum (or) but...but...but that stuff IS already out there on the forum.
Yes, yes it is.  Spread out somewhere in 217 PAGES of threads...each thread being heaven only knows how many pages long.  Consolidation is the key.  Put it all in one place.

Why would I want to be a part of this/waste my time on this/invest any effort in this at all?
If you see it as a waste, you wouldn't and...well, the ignore button is right over there below my name.  On the other hand, why do we have bitcoin, the altcoins?  It's so they will get used.  Why do we have this forum?  I sincerely hope it isn't so we can all have an echo chamber and talk about how great we think crypto-currencies are amongst ourselves because that does nothing to further the cause.
This would be there so that people new to the phenomenon (no, I really don't think it's a craze or a phase) can get their questions answered, see it work, be "successful" in this new arena and have a positive experience and do it all in an environment/ecosystem where the only thing they have any potential to lose is a little bit of electricity while they learn.

So, is an expiring coin and a mutually agreed upon monthly deleted block-chain something that can be done?

Ideas, comments, suggestions...disparaging remarks?
   

Requesting poop please.

I also submit the following as a logo...

    (   )                                                              
 (   ) (
  ) _   )
   ( \
 _(_\ \)__                                                            
(____\___))

While I can see your point, most people aren't going to give the newbie forum a second thought once they are out of it so asking in the main forums isn't likely to garner any useful responses at all.  At least there have been some suggestions given by the people directly affected by the current rules.  I can't speak for the OP but I would guess that's the reason for posting it here rather than elsewhere.

Joke fail.

Once you say you're done you aren't supposed to post again in the same thread...

I'm not pointing anyone out specifically but I've seen a lot of "I hate the 5 post requirement" or "I don't think it works" posts in this thread, which is completely counter to
a) the spirit of the OP, and;
b) the actual request of the OP.

Obviously people have complained/had issues with the five posts/four hour requirement, otherwise this thread wouldn't be here...nobody is saying anything new and frankly, not helping the conversation.  This isn't a petition drive people so "me too" hold exactly zero water and in many cases proves the rule.

Think of the mods as management.  At work, do you go to your Supervisor or Manager and say "This sucks, change it!"?  Not more than once you don't.  Any manager worth their salt wants you to come to them with your problems, obviously, but they appreciate it when you come to them with ideas on how to fix what's broken instead of just complaining.  Is four hours of active browsing the forums too long?  If so, articulate why you think so and not just "because it's hard/boring".  I'm not saying it isn't hard or boring but I'm saying come up with a cogent, reasonable argument for why the time should be shortened.

I had a couple of questions that I really wanted to ask before I joined the forum and I'd been reading it for several months before I created an account.  While I was waiting, I was just chomping at the bit to ask and, in some cases, reply to threads that I was just sure I had to reply to (I'm an incurable wise-ass).  Turns out that all three of my vital questions that I just couldn't wait to ask had already been answered...multiple times, one of which in the newbie forum.     Not saying people haven't searched already because search can be difficult to get the terms right, but it's amazing how much ground has already been trod.

If you have a suggestion, that's what the OP is asking for.  If you're just going to mitch and bone to raise your post count...take 10 seconds in another thread and at least try to be constructive.

HEY!  The extent of my coding capability is "Hello World" and I have an IQ WELL above average thankyouverymuch and the exact, PERFECT number of chromosomes.  Step away from the R word there sparkimus prime.

Will a mod please kill/lock this thread and keep an eye out for an announcement on 6/6?  There comes a point when enough really is enough and flame me all you want, when an alt-coin tries to dupe people with a capitalization change--which is all this is--someone needs to put an end to it.

Please...for the love of all that is marginally holy, don't do this.

Woo Hoo

DRYkkKqgeKpM8fQ3JfUCjYaquErvhdVBfd

WSxhc95RNx6SF6KehtFb3723jDM8AQeWiz

Muchisimas Gracias.

WSxhc95RNx6SF6KehtFb3723jDM8AQeWiz

Please and thank you very much.

CO is the LAST PLACE ON EARTH I would want to move...for various and sundry reasons.  Look at what the state government has recently passed if you don't already know.

A town of 200 isn't going to cut it, period.  It's going to be far larger than that and 600 acres isn't a dent in what you are going to need.  You're going to need 5-6000 MOTIVATED people to give the finger to the US/State government and pull a Galt's Gulch (read Atlas Shrugged) to pull this off, minimum and doing it all via bitcoin isn't going to work unless they were ALL early adopters or were independently wealthy to start with.

Sorry, again, not a troll but trying to give you an idea of what REALLY needs to be done to make this happen.  Even the earth architecture takes non-recyclables that cost a LOT of...something to get going.

Glad I waited...Give it to BritCoin.  They "only" premined 2 million f'ing coins.  "Everything else is the same as Bitcoin except the additional "r"." 

https://bitcointalk.org/index.php?topic=221271.0