Can you explain the "Proof-of-Block" a little more? I don't get it? You can get coins when you make transactions? Or am I misunderstanding? Couldn't you just endlessly send coins to your self?
You could endlessly send coins to yourself sure, but fees would eat up your funds, its based on addresses in the previous block converted to a hex format, a snippet of that address then used to search the previous block hash for matches, if there is a match the address receives part of the mining subsidy. Its not very easy to have a match. Because of this, there is additional checking the verifies the coinbase transactions including address, value, size etc further securing the blockchain and eliminating the possibility of disabling the functionality.
So how often (in blocks) would you expect there to be a match (and payout)?
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BoardAnnouncements (Altcoins)
Re: [ANN] FlutterCoin FLT Official Information Thread
Re: [ANN] FlutterCoin FLT Official Information Thread
by
refer_2_me
on 10/03/2014, 15:11:14 UTC
Can you explain the "Proof-of-Block" a little more? I don't get it? You can get coins when you make transactions? Or am I misunderstanding? Couldn't you just endlessly send coins to your self?
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BoardAnnouncements (Altcoins)
Re: [ANN]REDDITCOIN[RDC][SCRYPT][KGW][IPO] LAUNCH 03/13/2014 ! GET IN FAST !
Lazycoins.com is a new exchange launching soon. If you want to see Riecoin get listed there then make a new thread for the coin and upvote it onreddit.com/r/lazycoins or tweet the coin to @LazyCoins! Follow us to stay updated the moment we launch!
Cheers!
no, thanks. We need bter/cryptsy and btc-e only.
Why? What is the harm in being listed on smaller exchanges?
There have been a number of small exchanges recently that got 'hacked' and walked with everyones coins. That's the harm.
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BoardAnnouncements (Altcoins)
Re: [ANN][RIC] Riecoin, new prime numbers POW coin, launches Feb 11, 2014
Apparently it was all a bunch of crap, the owner of the exchange doesn't have a sweet fucking clue what they are doing, or like I said, is a scammer. "The exchange is closing please withdraw your money, I decided to reopen when the Bitcoin dev team decides to release an updated client. It seems like there wasn't any theft the wallet was reporting a false balance all this time."
what does '*' mean here? afaik 'riecoind listtransactions' shows everything we need
The asterisk shows all transactions including immature and orphans. I think that without it, you won't see immature and possible orphans. I don't have any immature blocks so I can't double check this.
orphans and immature shows without wildcard
Oh ok, good to know. Save my self a couple keystrokes in the future.
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BoardAnnouncements (Altcoins)
Re: [ANN][RIC] Riecoin, new prime numbers POW coin, launches Feb 11, 2014
what does '*' mean here? afaik 'riecoind listtransactions' shows everything we need
The asterisk shows all transactions including immature and orphans. I think that without it, you won't see immature and possible orphans. I don't have any immature blocks so I can't double check this.