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Showing 9 of 9 results by amazingsammy
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Board Altcoin Discussion
Re: Invest in OpenBazaar?
by
amazingsammy
on 14/11/2014, 07:17:36 UTC
So I've torn open bizarre apart, and it's good stuff. Pretty well written. Code is pretty solid, for what it is. Better than you usually find in crypto space, which coming from me says a lot.
What I'm not so confident in is the way it's distributed. I think that when this thing goes live, and they work out the feature set, that there will be targeted attacks against their embedded SQLite databases, probably in the form of rogue stores. You download a rogue store, which may have some tweaks in the way it's built, and bingo bango, you've made open bizarre do something it wasn't intended to. How dangerous something like that might be remains to be seen. Maybe I'll reserve comment for when the rest of the must have features are finished.

Right now, all you really have with it is a promising looking, semi functional mockup with some core account features down. I'm glad they're getting press coverage, but the program is nowhere near ready for prime time just yet. Even going so far as to call it alpha quality code is a stretch.

Also, installing the thing is one of the most brutal software install experiences on Ubuntu that I've had in a very long time.
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Topic
Board Altcoin Discussion
Re: New logo for FlappyCoin v2.0.0.0 with game inside the wallet
by
amazingsammy
on 07/03/2014, 12:39:17 UTC
I'm in full agreement. The green one is definitely better.
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Topic
Board Altcoin Discussion
Re: Starting a new coin
by
amazingsammy
on 17/02/2014, 01:27:51 UTC
I think the biggest problem people face when creating new coins is that nobody thinks about things like adoption before hand.
That's why you have a majority of coins that are little more than low value speculative assets. If you could work out the practical application of the coin before hand, and provide easy to use documentation on it, I think you would probably have a better chance of success. What I'm saying is don't just develop a coin. Develop an open source shopping cart system that works with your coin too. Post it. Give it away. Doesn't have to be a shopping cart. It could be anything that gets people spending it. How about a coin with an open catalog in it? Nobody's done that. How about a coin that takes advantage of some as of yet unimplemented bitcoin protocol feature that everyone wants, but nobody has? There's so much room for creativity here, that it's just not funny. My personal feeling is that some kind of real innovation is coming to altcoin wallets soon. Something, anything, needs to happen.
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Topic
Board Altcoin Discussion
Re: Starting a new coin
by
amazingsammy
on 16/02/2014, 23:18:24 UTC
Well then. That's totally different.
There was one on Github called Foocoin, which was a sample implementation of a really basic scrypt coin based on Pennies.
I'm not sure if it's still there, but Github is always a good place to start.
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Board Altcoin Discussion
Re: Starting a new coin
by
amazingsammy
on 16/02/2014, 20:37:14 UTC
Hypothetical scenario:

You find a coder who is willing to work on the project, and get your coin mined.
Or, to restate that, some guy on a random message board who claims to be a c++ coder is brought on to the project to work for free without a background check.
You don't have anything set up like a gravity well, because your coder doesn't include one, and you're not a coder yourself.
Not only are you not a coder, but you're putting yourself into a position where it would be easy to mislead or defraud you, but let's say you get as far as launch.

You get hit by a multipool the minute your coin hits the major exchanges and coinwarz.
Your coder may or may not have the ability to help.
Your coder may or may not be returning your emails.
You're fucked, because you're not a coder.

Don't start a project like this unless you're going to have realistic expectations of what's involved and the ability to fix problems yourself.
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Topic
Board Altcoin Discussion
Re: Why Doge coin is bad
by
amazingsammy
on 16/02/2014, 20:24:48 UTC
This whole thread is fucking retarded. Every thread like it is retarded. I read a similar post on Reddit a few days ago, where someone said exactly the same thing about Tittiecoin, saying that Doge is the one with "real value." Horseshit. Real value is what's decided by the people who trade whatever coin it is you're trading. Value is fed by community support and media coverage. All cryptocurrencies work this way.

If you're upset that Dogecoin or any of the others are taking the spotlight away from Bitcoin, you're taking this whole thing too seriously. Y'all just need to lighten the fuck up. This board is read by everyone, including the media. When media people who are looking to smear Bitcoin and the cryptos come in here, they'll say "These idiots can't even have a civil conversation amongst themselves." Next thing you know, there'll be an article in Forbes: "Infighting Killing Bitcoin," and it'll be your fault. So stop being children. Stop arguing the same tired unoriginal arguments we've heard for years. Before it was Doge, we heard the same thing about Litecoin. It was stupid then. It's stupid now.

If Bitcoin is your religion, and all other cryptos are false gods, I sincerely feel sorry for you.
Get some help.
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Topic
Board Announcements (Altcoins)
Re: [ANN][KOIN] Koindashian: The Cookies & Cream of Coins - Debut: Jan. 20 2014
by
amazingsammy
on 19/01/2014, 23:07:08 UTC
Well, it could be worse. They could be doing a michael jackson coin. Smallest unit... children.
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Topic
Board Beginners & Help
Topic OP
Coinye and the rise of Reputation markets
by
amazingsammy
on 06/01/2014, 17:17:23 UTC
Watching this whole Coinye thing reminds me of the reputation markets from Accelerando. Fantastic book if you're into that kind of sci fi. The idea that you can trade based on reputation is striking. So coinye is an altcoin for the masses, but what if everyone had an altcoin? You could have entirely new marketplaces that did nothing but trade on the reputations of the people with coins.

If you believe in someone or something, or it's profitable to trade in them, you could mine their coins. You could even, potentially, assuming the practice is widespread enough, even evaluate potential employees based on how well their coins are performing in the reputation markets. I suppose you could use such markets for anything. Causes, countries, even corporations, if you really wanted to.
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Topic
Board Altcoin Discussion
Re: Want to create a own cryptocurrency
by
amazingsammy
on 31/12/2013, 08:10:23 UTC
I dunno. Some of the altcoins are entertaining. I think the thing that makes new ones stand out is some kind of improvement or innovation. But so many of them are little more than Litecoin with a new picture on it. If you're seriously into the idea, you'll need C++ skills, a copy of QT creator. There's a project on Github called foocoin, which is designed as a starting point for people interested in starting their own coins. Though, looking at the repo, I think it might have been deleted. There should be others, but it will require some Google-fu.

If the motivation here is actually making any money, though, might I recommend trading existing altcoins instead of creating one? Trading is a much more efficient use of computing power than mining, and it's potentially a lot more profitable than creating your own coin.

If the motivation is branding, I would strongly advise against trying to sell this idea to your client. Even if you do manage to get it traded, if the thing crashes, it'll make your client look like an idiot. Then there's long term support issues. You'll need to be working on this constantly. What happens if you need to fork your blockchain?