Sunday 28 August 2011

Knitcoin


This *coin uses proof of work (someone had to hand make it) to create wearable currency!

Well if you can wear a dress to the oscars made out of credit cards you can wear knitcoins - dont leave home without them.


Bacoins


I like to introduce the edible coin "Bacoin". In one fell swoop coinspiracy has solved the hoarding problem that plagues other currencies.

Saturday 27 August 2011

The Coinz part 1

Radioactive Coin

https://bitcointalk.org/index.php?topic=39751.new#new

Hey guys! Hey guys! I got one!

New digital super-currency. Everyone who downloads the RadioActive Coin client gets precisely 1 RadioActive Coin (this is OK, though, because it's divisible to 398 billion digits). The only exception is me, who gets 10,000 RadioActive coins. Each coin has a half-life code built into it that's proportional to the total number of RadioActive Coins. If 1 and only 1 person has a coin, there's a 10 minute half-life. If 2 people and only 2 people have a coin, there's a 20 minute half-life. 3; 30-minute, 4; 40-minute, etc. The RadioActive Coins decay randomly according to the current half-life rate. My 10,000 coins have no half-life rate cause I'm the ingenious mofo who created this.

Know what happens if it's your coin that happens to decay? Your computer explodes and you die. You fucking die.

For your sake, Better hope this catches on quick!!!!

Bitcoiners reactions

This is not the "Stupid Jokes" Forum.


Monday 22 August 2011

SolidCoin




Download Here

Public Mining started 5 minutes after this thread was created. Only 940 blocks or 30080 coins were premined for bounties.

SolidCoin is an open source digital currency, based on the cryptocurrency Bitcoin, which is distributed over a peer-to-peer network to offer irreversible, low-cost, anonymous and decentralized monetary transactions.

SolidCoin officially started on the 20th of August 2011.


How does SolidCoin differ from Bitcoin?

Faster transaction processing
Protection against pump-n-dump by large pools
Twice daily difficulty retargets
3 minute blocks, 32 SolidCoins per block
Maximum coin generation of 18.9 million (18900000) to be reached by ~2022
Fixed transactions fees instead of unknown variable fees in BTC
Interface improvements
JSON API improvements
Different address format



But do we need an alternative to Bitcoin?
The answer is simply YES! Bitcoin itself has shown that P2P cryptocurrencies can work and can be relatively secure when it comes to only owners of the coins using them. However it is far from perfect.

As Bitcoin itself and other similar chains have seen, there are numerous vulnerabilities and issues in the protocol, including :-

Slow transaction speeds, often making waiting for confirmations unbearable
Near complete shutdown of network due to pump-n-dumps by large operators
Transaction fee nightmares, no way of knowing what a fee will be until you've tried to send funds
Concentration of Bitcoins into elitist early adopters that have no interest or desire to help Bitcoins be used by "normal" people


Read more about SolidCoin here


I like how your balance is ENORMOUS!

Get a free solidcoin


You can even buy products with SC, here is a great deal



Saturday 20 August 2011

PyramidCoin

Announcement - Ponzi-scheme crypto-currency - Pyramid-Coin: ΔCoin!

-Minimum/genesis difficulty is .001,
-Difficulty resets every 25,000 blocks (next difficulty predicted to be 100),
-After 100,000 blocks the number generated drops to 0,
-Mining Reward 50 ΔCoin per block,
-Worth 1BTC each (that is what I've been trading them for with myself),
-Completely useless!

Oh, BTW, I already mined 1/4 of them yesterday...get in early!


Bitcoiners reaction-


Thursday 18 August 2011

Trollcoin

News is filtering through that people are starting to place messages in bitcoin transactions. Dan Kaminsky did this first when he created an askii picture of len sassaman and embedded it in the block chain.

Apparently one pool owner has been a naughty boy and is embedding catholic prayers in his transactions.

Better Coin

A better coin

The block reward would start at 1 coin per block. Over the next 10 years (or other forcasted time-to-adoption period), the reward increases exponentially to 500,000 coins per block. Once reached, this reward is sustained forever.


Bitcoiners reaction

I think it would be an interesting idea.
I mean Bitcoin is the first of it's kind to combine computer power and a currency.

And, I agree with the new/better coin idea.
Without the "early adopter problem", who has the incentive to adopt it? BetterCoin might not have an early adoption problem, but it would have an adoption problem.

It's been suggested a number of times before under Inflatacoin, Keynescoin, etc. Nobody has cared enough about the idea to actually spend the time creating the new chain. People wouldn't buy or mine it because with inflationary currencies you either use it right now or you lose your purchasing power, and since there would be nothing to buy with it then the only option is to lose.
I ROFL'ed at the top post. But it seems that you're actually serious?

Please answer how we get over the early adopter phase in such a currency. People need incentive, and it's not enough to just say "it will take off", people need to believe why a never ending inflationary currency is worth their time.

Altcoin

Altcoin-the alternative cryptocurrency?

- The currently will have constant inflation: there is no total limit for the maximum coins existing, rather, they're generated as long as there are people mining
-> this will encourage people to spend their coins rather than holding them back
-> there will be no significant advantages for early-adopters (although it will still be easier to mine coins in the beginning, due to lower difficulty)
-> the problem "do people still mine after they don't get any block rewards, but rather only tx fees" doesn't exist
-> the inflation rate will slowly decrease, as the proportion of the coins generated will become smaller and smaller compared to existing coins: as bitcoins will have more and more deflation on the time axis, altcoins will have less and less inflation...
-> I personally think that inflation > deflation.
-> coins lost (there will be lots of as the time goes by) will not be that significant problem as there is a constant supply of new ones

- Six AltCoins will be generated every six minutes, that is 60 Altcoins per hour or 1 440 per day or 43 200 per month or 518 400 each year.
-> block generation is faster than on Bitcoin, transactions will be processed faster

- Launch date will be set far in advance
-> 11.11.2011 or 11/11/11, pick your poison!
-> This will give enough time for advertising this fork, which makes more widespread adoption much more likely, than if it started as an inside-thingy with handful of people mining majority of the coins themselves

- Absolutely no coins will be mined before the official launch
-> Bounties will be paid via bitcoins / namecoins / altcoins / USD / euros donated to the project

This one even has a pretty chart...



Bitcoiners reaction
As there will be no early adopters, so there will be no adopters.

How do you think Satoshi would feel to know your were forking his blockchain behind his back?

QUITE FORKING WITH THE BLOCKCHAIN!!!

Leave the forking blockchain alone already!!!


You know you've done something right when people start copying your work.


I'm not sure about this inflation thing.

The government will love it. OP is probably a shill. Selling inflation. Socialist.

Eurocoin

Eurocoins

1) remove the 8 decimal thing and leave only 2
2) pay 1 coin per block instead of 50 and the reward should remain 1 until the end of time
3) get 10 block per hour
4) remove the 21 000 000 limit so there can be a unlimited number of coins

Bitcoiners reactions

*groan*


does that mean someone has to come up with a USBTC so that the eurocoin has something to follow...

And for the love of all that is holy, DON'T start at difficulty 1.

oh no, not another wannabe chain...

Tattlecoin

Everyone likes juicy gossip. This site looks like it will be full of inside news and innuendo. I thought Gawker already had that market covered? What do they say about buying on the rumor and selling on the news ?



So I noticed the blogspot logo...




Do you think it looks suspiciously like the bitcoin logo ?



 hmm maybe not. However a googler created a bitcoin library and client in his spare time. We know they are also working on a wallet you can store value in. There is also a site to buy bitcoin using google checkout.

The picture emerges of google having everything in place to accept bitcoin. I call that googlecoin.


What the hell is coinspiracy?

This blog is inspired by the fact that bitcoin users like to create imaginary currencies based on the 'coin' in bitcoin. Sometimes however those turn out to be actual projects. This blog will point out weird and wonderful proposed block chains for your amusement and astonishment !