\[ANN\] FLUX Experiment using BATCOIN (no storage, just a way to see it in action)

Oh but they say it’s “2% per mine” surely thats completely different…

[quote]
[size=4pt]Scrypt-based
Difficulty retarget time is 1 hour
90 seconds block time
60,000 BAT’s per block
6 confirmations for transaction
70 confirmations for mined blocks
Total of 91,000,000,000 BAT’s ( which is the estimated Bruce Wayne’s fortune as of 2013,God, thats one rich ass BAT)
6 Guano blocks a day will deliver X4 more coins, and a super Guano block X10 coins every 4 days.
Special reward on block 1337 as a tribute to my l33t hacker nemesis - The Calculator
Guano is Bat Shit[/size]
[b]2% permine[/b][/quote]

/sarc off

::)

wrapper

Rep ++

I haven’t any Batcoins, could we use some coins that could be given out, i.e testnet?

That’s just selfish, cause I want in, I extremely impressed so far.

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[quote name=“Kevlar” post=“51370” timestamp=“1389436514”]

That’s why premines ruin coins. No one entity should ever own more than 50% of a currency.
[/quote]

Or 2 people 35%, or 3 people 25 %, etc

Tuck Fheman

[quote name=“wrapper0feather” post=“51379” timestamp=“1389439900”]

Or 2 people 35%, or 3 people 25 %, etc
[/quote]

Now we’re getting off into Quarkcoin territory. =/

zerodrama

[quote name=“Kevlar” post=“51370” timestamp=“1389436514”]
[quote author=Calem link=topic=6793.msg51368#msg51368 date=1389434716]
What is this Batcoin?
[/quote]
That’s why premines ruin coins. No one entity should ever own more than 50% of a currency.
[/quote]

Premines are bad if people hold onto them. What I’m hearing from the forum is people are getting sudden 6 figure surprises in their accounts.
Don’t forget: The bigger the reward, the less the coin is likely to be worth. So it evens out.

I agree, tho. If they simply held onto the premine it would be a control issue. Same goes with intentional and unintentional instamine.

But the diff dropped now to a fraction of its max. So I am post-premine mass-instamining, or something.

corather

Looks like shREDDIT removed the post. :(

zerodrama

[quote name=“corather” post=“51447” timestamp=“1389456046”]
Looks like shREDDIT removed the post. :(
[/quote]

Batsignal is a subreddit. Not a post.

It’s still there.

It’s still up on bitcointalk as well.

HopeStillFlies

You’ve not tied it (good/bad) to the upvote system, right? Apparently reddit gets overly jumpy when a bot is tied to it in some way, even if it’s not contributing upvotes and downvotes.

zerodrama

[quote name=“HopeStillFlies” post=“51460” timestamp=“1389459805”]
You’ve not tied it (good/bad) to the upvote system, right? Apparently reddit gets overly jumpy when a bot is tied to it in some way, even if it’s not contributing upvotes and downvotes.
[/quote]

Nope. Bypassing the vote system and using the commenter tips instead.

FIRST EXAMPLE BOT INTERACTION: [url=http://www.reddit.com/r/batsignal/comments/1uz1ln/there_will_be_bot/]http://www.reddit.com/r/batsignal/comments/1uz1ln/there_will_be_bot/[/url]

Kevlar

What ever became of this?