Quote from: e1ghtSpace on August 11, 2014, 08:16:34 AM

Quote from: Iffy on August 11, 2014, 02:10:18 AM

Quote from: e1ghtSpace on August 11, 2014, 12:38:10 AM

Quote from: Iffy on August 10, 2014, 04:13:08 PM

Quote from: v.coinz on August 09, 2014, 09:45:29 PM

Quote from: e1ghtSpace on August 09, 2014, 09:37:05 PM

Can you please start trying to make the first coins unspendable?
You don't seem to care much about this. People think this coin is a scam and I am starting to as well.
You could at least tell us why it is taking so long. Do you have the coding skills to make the first coins unspendable?

Sorry about that little rant but we need to know before we start any development.

Work is still in progress.
changing amount in existing blocks will invalid rest of the blockchain. It is not that simple. Moreover I am monitoring the blockchain, I have not seen a single coin been spend from those blocks, had this been pump & dump, it would have been dump the time it hit bittrex exchange. I have to assume those coins are lost, but will try to find safe way to do it without damaging the blockchain. You are more then welcome to code it & provide me a safer alternative, I will implement it.

You do not have to change their value, just make those blocks unspendable, much like the BTC genesis block is. Seems painfully obvious the "no pre-mine" is a lie and dev seems to be dragging heals over sorting out the issue. We can assume nothing dev. Those coins are out there somewhere. VC will die if you do not resolve it so the pre-mine will be worthless anyway.

The genesis block is spendable though. People think it isn't but it is. I know there is a way for you to obtain the private key but I'm not sure how.

From my understanding the first 50 BTC produced in the genesis block are not spendable. However the other UTxO sent to the same address are spendable. I believe that is where you may be getting confused.

https://bitcointalk.org/index.php?topic=189350.msg2038801#msg2038801
I think the coins get sent to an address but since no one has the private key for it you can't spend it.

"The reason why the genesis block mining reward transaction can not be spent is because the reference bitcoin client doesn't add it to the list of known transactions at startup. If it were a normal block that would happen, but it's not a normal block and doesn't get loaded like a normal block would. Thus any attempt to spend it will look like someone is attempting to spend a transaction that was never made in the first place.

Spending subsequent transactions to the address the genesis transaction was made to is possible because those transactions are normal transactions that every bitcoin client knows about."

https://bitcointalk.org/index.php?topic=119530.5;wap2

"but since no one has the private key for it" That statement cannot be proven and must therefore be considered false. Satoshi could prove exactly whom they are by producing that key, considering all the other stuff taken into account you think it would have just been discarded with no consideration of potential future use for it?

Just need the first 100 blocks to be treated like block 0.

Iffy

Posts

Merits