I just received a PM asking me to name the unit coin 'DNF'.
Sorry but this will not likely be discussed

Problems are:
We don't want this to need paying fees.
Lightweight clients won't be able to use it.
Specifically about a merge mining like system ; it's too heavy.


Actually we planned not to put it in the protocol but in the client instead. This way it's easy to implement it so testing will begin soon.
That's damaging IMHO but the team can't reach a consensus on this. That may be considered later. Note that we will make the 1.0 protocol so that the future trust system wouldn't require a hard fork though.
Thanks once again for your idea, bnogal.


We will soon freeze the guidelines for 1.0. If someone has some wishes he or she wants to share, please hurry. We are really open, everything will be discussed as necessary.

I like the idea
I'll think about that and post a little paragraph soon about how I see it and we can discuss it

That's really an interesting idea IMO
I would like some precisions about what you have in mind:
* What do you call cheating? Something precisely and officially chosen by the devs (like being a scammer, or being a bad person, or spamming the blockchain for example), or anything that the user chooses?
* We can't give one reputation point per address for obvious reasons. How should we balance things? 10^-8 coin = 1 vote and sum everything? Creating 'trust' coins (bad idea I think)?

Thank you very much for your offer. We are indeed using lot of boost, and the gui part seems to be quite alright. I'll contact you if something goes bad though.

Why all the hate?
Can't you support your favorite coin and help a new innovative coin at the same time?

I was so happy that I wanted to share the info with the forum but I'm a bit disappointed that nobody seem interested at all.

Ok here's the thing. My local library might be interested in a ditto of our coin. The plan would be to use it with several local shops and that would be " kind of " backed by the mayor as it wants to make the place more touristic. Well I have nearly 0 additional info because that's pretty sensible to allow a town-wide new currency according to them. Looks like they asked an economic pro to study this project. I fear his highly possible refutation of it being any useful/ok to use.
Anyways, that won't affect the our real coin as it would only be a copy of it. Ok it may affect the release date.

Back to our business : once again, do you any special need you want one coin to solve?

edit
Bad news about the mental wallet recovery, it seems it's not really reliable. We're still working on it and will contact more specialists though because we think it's a damn good feature

Nothing decided yet.
We are indeed testing with old Bitcoin values but we will definitely modify that. Hashing algorithm being the first.

We would like to have some opinions on these subjects.

It is a fork, but not a blatant copy. The deep core is the same: there's a blockchain, a genesis block, blocks and transactions are close to the ones in Bitcoin.
On the other hand GUI is totally different, useful opcodes are added, big scale forks are impossible, asics and fgpa can't mine, addresses are 100% auto-correctable up to 3 characters, deterministic wallets are standard, an ingenious system that allows you to recover a wallet from different things (using procedural memory, I can't be more precise as it's not enough tested for now but if the results keep being that good that'll be something huge), meaningful text is forbidden in the blockchain, and others
If you have more questions about specific things please ask

Yes

Its GUI is totally different from the one of Bitcoin so we're not sure Bitcoin users will like it. We're a bit afraid about that to be honest.
We are sure you will like all the inner features though.

Hello everybody

After a small delay, our coin will finally come to life.

All the more recent Bitcoin improvements are of course there, but there are things we are the only ones to have coded successfully. This includes some tools I will tell about later. What I can say is that M-to-N transactions and blockchain shrinking are present.
Both are working absolutely fine on the 2 test blockchains. Yes we are testing things for now several months, and more importantly, we're doing so with "regular" people. Sure they are not grandmas, but aren't tech guys neither. This was possible thanks to a completely different GUI.



Now the bowww part.
We thought we would have to stop development because our GUI guy basically told us to fuck off after he learnt how to trade and my "lieutenant" just disappeared in the night. The demotivated us a lot and the development became more and more late. Then encrypted wallets, BIPs, scams, plenty of new coins, etc made us think we would never be able to make it happen.
And yet, we finally pulled ourselves together and coded that giant piece of collective work.



I'm coming back now just because we just reached the point where we KNOW we will release it. Much work has been involved, many new features are implemented and the testings demonstrated that we made a rather good crypto-currency.
One thing worth noting: it's an own work since the beginning, ie not a single line of code from Bitcoin client since september 2011 has been used, so, while it's technically true to say it's bitcoin based, it's a while that practically this is not the case.


Are you people still interested? Do you have any questions about anything?
About the ETA... Let's keep it September 7th. I never wrote which year after all.

Some news from the project
Clearly we will be late, the changes we made in the gui [ the first one, from Bitcoin ] broke everything

It seems far simpler to release the new gui so the release is delayed
I don't want Instacoin launch to be even more pathetic so I won't give you any ETA, instead I'll wait until the software is completely finished [ should be less than a week ] and post a 24h countdown here

I prefer releasing a "big" first version and add only little changed afterwards but yeah it looks like to be the less bad solution

If many agree with you I'll delay the release
The problem is that there is an exchange site that may not like the delay

Tbh it's not sure
Our GUI guy seems to be incredibly late. If he doesn't finish on tuesday either I'll use the Bitcoin gui or I'll have to release it later
I'd prefer using the Bitcoin gui

Oh and the client will be and remain open-source

2. 4 minutes blocks

Why 4 minutes? Because I wanted more than the sc shit, and less than 5 minutes

To avoid the security (doublespend) problem, I found a system that we made 5 weeks to imagine, code and test
Everything finally runs ok, and 4 longer blockchains were refused by the clients so we can even say that ?coin is more safe against doublespend attacks

It was understanding your point, wasn't that clear enough?

Why do you post here then? Free raging?

Planned to be 512

You forgot a shitload of possibilities
Anyway what was your point?

Lol! Well done!
Only the genesis block will be generated
Bounties are in BTC because if the money doesn't succeed the bounties will be worth nothing whereas the guys did make the work

Btw, only 50 coins/blk. Chosing another number is just to say 'hey look at meh i'm different better and all'...

1. Zero pre-mined blocks

I had to make some differences with the other name thief.

TBH Pbj sammich just talked about asian actor and I didn't even think about the nationality. I just laughed and looked for one