No, I mean where it says "Generated coins must wait 120 blocks before they can be spent. When you generated this block, it was broadcast to the network to be added to the block chain. If it fails to get into the chain, it will change to "not accepted" and not be spendable. This may occasionally happen if another node generates a block within a few seconds of yours."

While I'm posting, what to do with the premined coins?  Destroy them, save for what you would have mined in the past couple days with everyone else.  The idea that you're creating a GPU resistant chain with millions premined to yourself tells everyone involved only one thing; you want the blockchain to reflect the sort of result that would occur in a world where only you are allowed to GPU mine.  Figure out what you would have mined since your announcement, add 10,000 for your efforts, and destroy the rest in a public transaction.  Perhaps you can send them to a bad address or something.  Without destroying the vast bulk of those coins, you're sabotaging your own project.

Also, is there a way to explore the blockchain?  You claim to have sent hundreds of coins to some people.  How can we verify this?

By all means - I'll work on getting a daemon up and running on my VPS once I get my personal schedule cleared up.

I'm sure there will be a blockchain explorer if this takes off at all.  I was only curious if there were one now to use.

In any event, destroy the fund.  It will be the death of your chain.

Again, all you've done is create the kind of result that would occur in Bitcoin if only you could GPU mine.  And you did it not by being smarter or faster or more resourceful than everyone else (like everyone else just couldn't figure out GPU mining), you did it by denying the opportunity for everyone to do for real what you did fictitiously (proof of work).

It's like you decided to host a marathon and asked others to join you in the footrace from San Francisco to New York.  By the way, when the gun goes off, you're going to start in New Jersey.  There is the possibility that you'll restart the race at a later time along with everyone else through some means (a faucet or sending coins or something), but honestly, that possibility is the only thing that will keep everyone else in the race.  The more remote that possibility, the fewer people are going to continue running, or mining, as the case is here.

I predict the failure of Ixcoin in the near future.

Miners are motivated by profit.  The problem is, you've saturated the market with so many coins (whether or not they're used any time soon) that if their use is to be expected, the thousands of potential CPU miners hashing away for 25TBX per month will perpetually be mining at a loss.

@Lolcust
Put a poll for premined coins with many options, so that members choose what they want.
Run it for 10 days & then close it. According to result, divide the premined coins.

When ?

A year ? A month ?
No, if something is not exposed to trade, it is not contributing to market saturation

Markets deal with "is and are" not "maybe could be".

If you were right, the gold market, the diamond market, and many, many Veblen goods markets would have imploded by now due to existence of large-scale hoarders who hypothetically *could* drop an immense amount of those entities (diamonds, gold, etc.) onto the market (DeBeers can single-handedly collapse the diamonds price, so by your logic this *possibility* alone should be driving diamond price down)

Also, fiat currencies should have, by your logic, should have all popped by now because not only do governments have a fuckton, they can create more at a whim, a possibility which should have by your logic caused trader exodus and death.


Currently the exchange (and the faucet) need me to finish the daemon.

The exchange is wrestling me for a "liquidity boost" btw (not an exuberant one, exactly equal to Solidcoin's "first exchange" boost, but still, every single person wanna bounty, bounty bounty )
Usually #Tenebrix #Geistgeld #bitcoin-dev #multicoin #namecoin and some others on freenode, but my bouncer server is dead, so it can take some time to get back to IRC

Well, the number of options is still in dispute, and of course there is going to be the "I will never support TBX and I vote" effect


You still seem to run on the assumption that price is determined by coins-in-existence, not coins-on-exchanges.

This is untrue for BTC, untrue for SC, untrue for ixcoin (one can of course claim that they will die reeealllly soon, but given that their author already sold-off and there is unlikely to be any more ixcoin hoarders left, the mechanism of ixcoin death seems questionable), and untrue for any "proper IRL market" I care to recall.

Also, spreading the fund between other accounts would (obviously) drop per-TBX value because then the "extra-TBX" are guaranteed to enter the market


P.S.:

Also, exchanges, being spoiled by SC and ix pretty strongly prefer to get a bounty (usually not an exuberant one, within the number SC1 used, give or take, though Another Exchange (not btc-e) asked me for 500 000+ geists, while btc-e agreed to slightly above six thousands). Pray tell, what should a hypothetical non-premined coin do with that kind of "emergent tradition" ? Suckitup ?

It seems you have completely ignored the "redistribution drops per-coin price" part and have not addressed the simple observation that neither pre-mined chains nor "srs markets" with strong hoarder players (diamonds, gold, you name it) show any sign on collapse.

In fact, DeBeers have more influence on diamonds market than I have on fledgling TBX market and my influence is only gonna shrink.

Should we, by your logic, expect a collapse in the price of diamonds ?

If no, why not ? DeBeers essentially have a "fuckton of diamonds, premined" for all practical intents and purposes.

Spacy=>searchEvidence=>ifNotFound=>make claim