Shami-Amourae
3rd March 2014, 02:27 PM
Looks like someone is trying to release a 50th version of Credits, but this one finally looks good.
http://www.youtube.com/watch?v=h--kw2ZdIGQ
Launch is NOW! LAUNCHED! Download NOW!
http://www.mediafire.com/download/xvltiha76evtpcc/CreditsPackage-WINandMAC.zip
http://www.mediafire.com/download/cy44crn60zkvoqs/LinuxClient.zip
SOURCE: https://github.com/usecredits/Credits
WORKING POOLS:
http://cr.dedicatedpool.com
http://cr.cryptopirates.net/
http://cr.poolerino.com/ - 0% fee
http://cr.validerrorpool.com
http://credits.pitythepool.com
http://cr.bamboohouse.info/ - Not safe, owner making threats
EXCHANGES:
https://www.cryptoaltex.com/index.php?page=trade&market=11
https://www.allcoin.com/trade/cr_btc
https://www.swisscex.com/market/CR_BTC
https://ip.bitcointalk.org/?u=http%3A%2F%2Fa.pomf.se%2Fjyxiey.png&t=537&c=jF_hgzx64Etc7Q
https://ip.bitcointalk.org/?u=http%3A%2F%2Fa.pomf.se%2Faoglvd.png&t=537&c=IxszUpSv-CdVLw
Through our economically focused approach, we've tailored Credits to follow our thought process as closely as possible. While developing
this currency, an insurmountable amount of coins have come and gone, each with their own community praising the false potential of their "currency".
Many of these deluded individuals or shills resort to arguments such as claiming you're a troll or worse, perpetuating the idea that their coin is the
Bitcoin killer. It's time to lay down some insight.
Premines
In case anyone is wondering, even small premines are bad. They exist to distribute "money" with no value, that ultimately ends up inflating the
currency. In fact, it's a common scam strategy. Distribute your worthless goodies, hype everyone to pump up the price, and then dump your personal
stash; rinse and repeat. Some might believe premines allow early coins to be distributed fairly. In my opinion, that's a total cop-out, we've integrated a
system that allows for fair distribution with no drawbacks. All premined coins should be avoided, crypto-currencies are not as terribly expensive to
create as some will try to lead you to believe. A good dev will invest more time and capital towards making money in a fair and reliable fashion rather than
taking the risk of premining.
Proof of Stake
PoS coins generally involve a short PoW stage and the promise of ever-lasting security. This all sounds good, but this short mining period means
future investors or people just looking to mess around with cryptos will have to go through the complex process of exchanging fiat (USD, Euro, etc)
to BTC and then BTC to "Coin". The short mining period and inflation is analogous to a ponzi scheme. Only early adopters will have the opportunity to
make "Coin" and the more coins you have, the more you'll make through interest, sounds pretty unfair to me. On top of this major flaw, PoS coins
encourage you to hold if you wish to make more, this promotes a case of hoarders. Anyway, PoW doesn't waste electricity, you're making money
and fighting the flaws of fiat.
Sweet Nothings
You can't talk the talk if you don't walk the walk. Many choose to supercede this sacred rule by claiming their crypto-endeavor is the "future" or
"the next big thing". Strong currencies feature useful innovations, strong support, and ways to spend from day one; not hopeless promises.
Credits launches with a myriad of services, features, and opportunities for growth.
"Marketing"
Image can certainly be everything, some coins employ mascots, false promises, and overzealous attempts to advertise their coin. Such efforts
are likely made in order to increase the value of their premine. "Credits" is a name that exists within the realms of various fictional universes.
This mainstream association will allow Credits to be enjoyed by many, such as what was seen with the first "mainstream" coin(dogecoin).
Commodity VS Currency
Decentralized and mined currencies like Bitcoin and its descendents will never replace fiat. Crypto-currencies are fun, interesting, and volatile
commodities that can be exchanged for services, traded, or just used for entertainment; they are not meant to reliably hold money for extended
periods of time. The almighty Bitcoin has eventually bridged this gap through payment processors. For example, Overstock.com features Bitcoin,
the buyer pays in Bitcoin and the company receives their profits in fiat (USD, Euro, etc) through an exchange service. Besides launching with a
beautiful marketplace, innovative block reward system, and speed improvements, Credits will push towards a USD exchange and eventually
a payment processing service in order to actualize the potential of the first intrinsically economic digital currency/commodity.
https://ip.bitcointalk.org/?u=http%3A%2F%2Fa.pomf.se%2Femwbit.png&t=537&c=zejuTmx1TA7n9g
Specifications:
Algo: Scrypt - CPU/GPU
Premine: 0%
Max Credits: 20 Billion
Block time: 40 seconds
Required confirmations: 3
Full transaction time: 2 minutes
Difficulty re-target time: KGW (Prevents multipool abuse and early insta-mine)
Estimated time to mine out: 100 years (For a better perspective Bitcoin will be mined out in 2140)
Estimated starting value: 1500-2000 Satoshis(0.000015 - 0.00002 BTC)
FAIR Block reward: 796 (Starting) + 1000 (Bi-monthly) over six months (First period) = Average of around 6800 Credits for first 6 months
Afterwards block reward goes down by 1/6th(¤1130 for two years, subsequently it will halve(around ¤560) and then halve once more(around ¤280)
https://ip.bitcointalk.org/?u=http%3A%2F%2Fa.pomf.se%2Fywqwwm.png&t=537&c=1Td_KeAT6tXwaQ
Our unique block reward system(FAIR) essentially functions like any other halving system except one key factor. The first period (six months)
starts at a 796 block reward and rises by 1000 bi-monthly (every two weeks) to a total of nearly 13,000 after six months; these rising figures average
to around ¤6800. This limits early adopter dominance (less Credits for very early adopters who mine for a short period), and subsequently curtails the
effects of "Pump N' Dumps". The power is held by long term miners/supporters and those willing to capitalize on the emerging Credits economy.
The largest combatant to the cycles of pumping and dumping is the longevity of a cryptocurrency. Credits exist to live beyond the first days, weeks,
months, and years.
Another important note to make is how this will affect the value. Very early on, Credits will likely hold a value of somewhere around 1500-2000 Satoshis.
Typically, a successful coin would exponentially rise in difficulty and services in a very small increment of time. This makes mining a hit or miss
situation, we all see a lot of "missing the train" syndrome in this community. With a rising block reward, income will increase stably and steadily,
and mining will continue to be profitable and realistic for average consumers, even several months in. For those looking to make big bucks on
Credits, you likely won't do so by mining early and holding to death. The FAIR block reward system encourages those eager to
make it large to enter the realm of entrepreneurship, engage in exciting competition, and participate in risky day trading. Investing large sums
of money early in the life of Credits in an attempt to attain control will be absolutely futile.
Overall, the first 6 months, a vital time-frame in any digital currencies life is enhanced in a unique and simple way that doesn't interfere or
negatively impact the fundamental structure of a crypto-currency. Anyone wanting a stake in the success of Credits is essentially obligated to
continue mining and contributing to the growing economy due to what is essentially a period of inflation. Simply holding coins will cause you
to make insignificant monetary gains, therefore this system ensures users will actively support, mine, trade, and take use of their Credits
(stimulate the economy).
Now, for the inner investor in us all. What happens after this inflation period? The block reward will lower by 6x(1130) the average(6800) for
the next two years, that's a 6x or more increase in value. If you managed to properly reinvest your Credits into the latter periods when the block rewards would
be especially high, you could be looking at a 13x return. Subsequently we will see a halving to around ¤560 and then finally ¤280. We're talking about a
potential outcome of 52x, and that's if factors such as difficulty and services don't rise, but we've clearly done our best to ensure that. With that said,
the previous figures are likely child's play compared to what the future holds. In summation, mining longer will not only bring you more wealth in
Credits but it will increase your return margin as early mined Credits are more likely to become inflated over the 6 month period.
https://ip.bitcointalk.org/?u=http%3A%2F%2Fa.pomf.se%2Fhvvsug.png&t=537&c=PM7-m4-3zWooFA
Latest versions of Cgminer, Cudaminer, and Minerd(cpu mining)
Wallet & Mining software + Tutorial(Visual/Written) (http://cryptocredits.org/downloads.html)
Source (http://) - https://github.com/usecredits/Credits
https://ip.bitcointalk.org/?u=http%3A%2F%2Fa.pomf.se%2Feepmac.png&t=537&c=N-xZIByWFRNSpw
32GB RAM - 240GB SSD - DDOS Protection - Upgrades coming soon (if needed)
We recommend you evenly distribute and mine on our "donation" (1.5% fee) servers if you wish to see Credits grow. The profits will go towards active development.
Choose whatever interests you! Themed after the various universes in which "Credits" exist - BEING FIXED
https://ip.bitcointalk.org/?u=http%3A%2F%2Fa.pomf.se%2Fawoutt.png&t=537&c=3zIikDBy-Hl4AA
Who says you need to premine for bounties? Write a descriptive post on a news source, social media site, or other online forum for ¤50 (bounty will rise).
Make Credits based memes, the community will tip and we'll also lend a hand depending on how much we enjoy your work.
https://ip.bitcointalk.org/?u=http%3A%2F%2Fa.pomf.se%2Fisxqho.png&t=537&c=YhN7cCDFgFhurA
Originally I held the position of being completely against Scrypt ASICS, recently that's changed. What most people seem to forget
is that Scrypt ASICs will never function like the ones dominating the Bitcoin market today. Scrypt removes ASICs by requiring a higher level of
memory found only in GPUs and CPUs. ASICs are very specific machines, those made for Bitcoin only function to mine for Bitcoin, they don't feature
high levels of memory. Scrypt ASICs which at the time of this posting are currently in development will combine Bitcoin ASIC technology with memory
levels typical of GPUs and CPUs. So when the first Scrypt ASIC is eventually released, what happens? 100 mH/s for 1000 dollars? No, not at all.
In fact, Scrypt Asics will only offer benefits such as low power consumption, no advanced setup, and all in a nice small (relatively) package. Personally,
this sounds like the ultimate tool to introduce mining and cryptocurrencies deep within the mainstream. "Wait a second, Bitcoin ASICs have destroyed
common mining and completely centralized mining power!" Well, as mentioned previously Scrypt ASICs won't compete with GPU rigs beyond power
consumption and aesthetic advantages for the foreseeable future.
What if Scrypt ASICs become a major issue? Very simple, we're dedicated to halting the monopolization (real problem) of mining through ASICs. If this
paranoia becomes a reality, we are prepared to alter n-factor values in order to bring ASICs back to GPU level. Overall, we find the concept
of ASICs to actually be beneficial to Credits as long as they remain on par with GPUs in terms of "bang for buck".
https://ip.bitcointalk.org/?u=http%3A%2F%2Fa.pomf.se%2Fqoqqat.png&t=537&c=9IBSrqPFjExRFw
Timeline:
Launch: Custom wallets - Marketplace - Official pools - Promo video - Guides - Unique block reward implementation - Android wallet - KGW
+ 1-7 Days: Gambling site(s) - Faucet(s) - Android wallet
+ 1-6 Month: Lightweight wallet - More marketplace services - Coinmixing - Official Cr/BTC exchange - Credits foundation
+ 6-12 Months: Development of an official Credits/USD exchange with payment processing services(Similar to BitPay)
+ Over 1 year: Continual support - potential addition of N-Factor update to eliminate ASIC threats
Specific interests:
Diffusion into the video game market - competitions - casual mobile apps - in game items for Credits
Centralizing a variety of unrelated markets/services/products into the Credits marketplace - organization - value
https://ip.bitcointalk.org/?u=http%3A%2F%2Fa.pomf.se%2Frvmgpe.png&t=537&c=Bru4y1iLmjcyiQ
Premine isn't something we stand for, we let you decide if Credits is worth it. If you feel like showing your love or just want Credits to grow even faster,
donate or lend your skills to us.
http://www.youtube.com/watch?v=h--kw2ZdIGQ
Launch is NOW! LAUNCHED! Download NOW!
http://www.mediafire.com/download/xvltiha76evtpcc/CreditsPackage-WINandMAC.zip
http://www.mediafire.com/download/cy44crn60zkvoqs/LinuxClient.zip
SOURCE: https://github.com/usecredits/Credits
WORKING POOLS:
http://cr.dedicatedpool.com
http://cr.cryptopirates.net/
http://cr.poolerino.com/ - 0% fee
http://cr.validerrorpool.com
http://credits.pitythepool.com
http://cr.bamboohouse.info/ - Not safe, owner making threats
EXCHANGES:
https://www.cryptoaltex.com/index.php?page=trade&market=11
https://www.allcoin.com/trade/cr_btc
https://www.swisscex.com/market/CR_BTC
https://ip.bitcointalk.org/?u=http%3A%2F%2Fa.pomf.se%2Fjyxiey.png&t=537&c=jF_hgzx64Etc7Q
https://ip.bitcointalk.org/?u=http%3A%2F%2Fa.pomf.se%2Faoglvd.png&t=537&c=IxszUpSv-CdVLw
Through our economically focused approach, we've tailored Credits to follow our thought process as closely as possible. While developing
this currency, an insurmountable amount of coins have come and gone, each with their own community praising the false potential of their "currency".
Many of these deluded individuals or shills resort to arguments such as claiming you're a troll or worse, perpetuating the idea that their coin is the
Bitcoin killer. It's time to lay down some insight.
Premines
In case anyone is wondering, even small premines are bad. They exist to distribute "money" with no value, that ultimately ends up inflating the
currency. In fact, it's a common scam strategy. Distribute your worthless goodies, hype everyone to pump up the price, and then dump your personal
stash; rinse and repeat. Some might believe premines allow early coins to be distributed fairly. In my opinion, that's a total cop-out, we've integrated a
system that allows for fair distribution with no drawbacks. All premined coins should be avoided, crypto-currencies are not as terribly expensive to
create as some will try to lead you to believe. A good dev will invest more time and capital towards making money in a fair and reliable fashion rather than
taking the risk of premining.
Proof of Stake
PoS coins generally involve a short PoW stage and the promise of ever-lasting security. This all sounds good, but this short mining period means
future investors or people just looking to mess around with cryptos will have to go through the complex process of exchanging fiat (USD, Euro, etc)
to BTC and then BTC to "Coin". The short mining period and inflation is analogous to a ponzi scheme. Only early adopters will have the opportunity to
make "Coin" and the more coins you have, the more you'll make through interest, sounds pretty unfair to me. On top of this major flaw, PoS coins
encourage you to hold if you wish to make more, this promotes a case of hoarders. Anyway, PoW doesn't waste electricity, you're making money
and fighting the flaws of fiat.
Sweet Nothings
You can't talk the talk if you don't walk the walk. Many choose to supercede this sacred rule by claiming their crypto-endeavor is the "future" or
"the next big thing". Strong currencies feature useful innovations, strong support, and ways to spend from day one; not hopeless promises.
Credits launches with a myriad of services, features, and opportunities for growth.
"Marketing"
Image can certainly be everything, some coins employ mascots, false promises, and overzealous attempts to advertise their coin. Such efforts
are likely made in order to increase the value of their premine. "Credits" is a name that exists within the realms of various fictional universes.
This mainstream association will allow Credits to be enjoyed by many, such as what was seen with the first "mainstream" coin(dogecoin).
Commodity VS Currency
Decentralized and mined currencies like Bitcoin and its descendents will never replace fiat. Crypto-currencies are fun, interesting, and volatile
commodities that can be exchanged for services, traded, or just used for entertainment; they are not meant to reliably hold money for extended
periods of time. The almighty Bitcoin has eventually bridged this gap through payment processors. For example, Overstock.com features Bitcoin,
the buyer pays in Bitcoin and the company receives their profits in fiat (USD, Euro, etc) through an exchange service. Besides launching with a
beautiful marketplace, innovative block reward system, and speed improvements, Credits will push towards a USD exchange and eventually
a payment processing service in order to actualize the potential of the first intrinsically economic digital currency/commodity.
https://ip.bitcointalk.org/?u=http%3A%2F%2Fa.pomf.se%2Femwbit.png&t=537&c=zejuTmx1TA7n9g
Specifications:
Algo: Scrypt - CPU/GPU
Premine: 0%
Max Credits: 20 Billion
Block time: 40 seconds
Required confirmations: 3
Full transaction time: 2 minutes
Difficulty re-target time: KGW (Prevents multipool abuse and early insta-mine)
Estimated time to mine out: 100 years (For a better perspective Bitcoin will be mined out in 2140)
Estimated starting value: 1500-2000 Satoshis(0.000015 - 0.00002 BTC)
FAIR Block reward: 796 (Starting) + 1000 (Bi-monthly) over six months (First period) = Average of around 6800 Credits for first 6 months
Afterwards block reward goes down by 1/6th(¤1130 for two years, subsequently it will halve(around ¤560) and then halve once more(around ¤280)
https://ip.bitcointalk.org/?u=http%3A%2F%2Fa.pomf.se%2Fywqwwm.png&t=537&c=1Td_KeAT6tXwaQ
Our unique block reward system(FAIR) essentially functions like any other halving system except one key factor. The first period (six months)
starts at a 796 block reward and rises by 1000 bi-monthly (every two weeks) to a total of nearly 13,000 after six months; these rising figures average
to around ¤6800. This limits early adopter dominance (less Credits for very early adopters who mine for a short period), and subsequently curtails the
effects of "Pump N' Dumps". The power is held by long term miners/supporters and those willing to capitalize on the emerging Credits economy.
The largest combatant to the cycles of pumping and dumping is the longevity of a cryptocurrency. Credits exist to live beyond the first days, weeks,
months, and years.
Another important note to make is how this will affect the value. Very early on, Credits will likely hold a value of somewhere around 1500-2000 Satoshis.
Typically, a successful coin would exponentially rise in difficulty and services in a very small increment of time. This makes mining a hit or miss
situation, we all see a lot of "missing the train" syndrome in this community. With a rising block reward, income will increase stably and steadily,
and mining will continue to be profitable and realistic for average consumers, even several months in. For those looking to make big bucks on
Credits, you likely won't do so by mining early and holding to death. The FAIR block reward system encourages those eager to
make it large to enter the realm of entrepreneurship, engage in exciting competition, and participate in risky day trading. Investing large sums
of money early in the life of Credits in an attempt to attain control will be absolutely futile.
Overall, the first 6 months, a vital time-frame in any digital currencies life is enhanced in a unique and simple way that doesn't interfere or
negatively impact the fundamental structure of a crypto-currency. Anyone wanting a stake in the success of Credits is essentially obligated to
continue mining and contributing to the growing economy due to what is essentially a period of inflation. Simply holding coins will cause you
to make insignificant monetary gains, therefore this system ensures users will actively support, mine, trade, and take use of their Credits
(stimulate the economy).
Now, for the inner investor in us all. What happens after this inflation period? The block reward will lower by 6x(1130) the average(6800) for
the next two years, that's a 6x or more increase in value. If you managed to properly reinvest your Credits into the latter periods when the block rewards would
be especially high, you could be looking at a 13x return. Subsequently we will see a halving to around ¤560 and then finally ¤280. We're talking about a
potential outcome of 52x, and that's if factors such as difficulty and services don't rise, but we've clearly done our best to ensure that. With that said,
the previous figures are likely child's play compared to what the future holds. In summation, mining longer will not only bring you more wealth in
Credits but it will increase your return margin as early mined Credits are more likely to become inflated over the 6 month period.
https://ip.bitcointalk.org/?u=http%3A%2F%2Fa.pomf.se%2Fhvvsug.png&t=537&c=PM7-m4-3zWooFA
Latest versions of Cgminer, Cudaminer, and Minerd(cpu mining)
Wallet & Mining software + Tutorial(Visual/Written) (http://cryptocredits.org/downloads.html)
Source (http://) - https://github.com/usecredits/Credits
https://ip.bitcointalk.org/?u=http%3A%2F%2Fa.pomf.se%2Feepmac.png&t=537&c=N-xZIByWFRNSpw
32GB RAM - 240GB SSD - DDOS Protection - Upgrades coming soon (if needed)
We recommend you evenly distribute and mine on our "donation" (1.5% fee) servers if you wish to see Credits grow. The profits will go towards active development.
Choose whatever interests you! Themed after the various universes in which "Credits" exist - BEING FIXED
https://ip.bitcointalk.org/?u=http%3A%2F%2Fa.pomf.se%2Fawoutt.png&t=537&c=3zIikDBy-Hl4AA
Who says you need to premine for bounties? Write a descriptive post on a news source, social media site, or other online forum for ¤50 (bounty will rise).
Make Credits based memes, the community will tip and we'll also lend a hand depending on how much we enjoy your work.
https://ip.bitcointalk.org/?u=http%3A%2F%2Fa.pomf.se%2Fisxqho.png&t=537&c=YhN7cCDFgFhurA
Originally I held the position of being completely against Scrypt ASICS, recently that's changed. What most people seem to forget
is that Scrypt ASICs will never function like the ones dominating the Bitcoin market today. Scrypt removes ASICs by requiring a higher level of
memory found only in GPUs and CPUs. ASICs are very specific machines, those made for Bitcoin only function to mine for Bitcoin, they don't feature
high levels of memory. Scrypt ASICs which at the time of this posting are currently in development will combine Bitcoin ASIC technology with memory
levels typical of GPUs and CPUs. So when the first Scrypt ASIC is eventually released, what happens? 100 mH/s for 1000 dollars? No, not at all.
In fact, Scrypt Asics will only offer benefits such as low power consumption, no advanced setup, and all in a nice small (relatively) package. Personally,
this sounds like the ultimate tool to introduce mining and cryptocurrencies deep within the mainstream. "Wait a second, Bitcoin ASICs have destroyed
common mining and completely centralized mining power!" Well, as mentioned previously Scrypt ASICs won't compete with GPU rigs beyond power
consumption and aesthetic advantages for the foreseeable future.
What if Scrypt ASICs become a major issue? Very simple, we're dedicated to halting the monopolization (real problem) of mining through ASICs. If this
paranoia becomes a reality, we are prepared to alter n-factor values in order to bring ASICs back to GPU level. Overall, we find the concept
of ASICs to actually be beneficial to Credits as long as they remain on par with GPUs in terms of "bang for buck".
https://ip.bitcointalk.org/?u=http%3A%2F%2Fa.pomf.se%2Fqoqqat.png&t=537&c=9IBSrqPFjExRFw
Timeline:
Launch: Custom wallets - Marketplace - Official pools - Promo video - Guides - Unique block reward implementation - Android wallet - KGW
+ 1-7 Days: Gambling site(s) - Faucet(s) - Android wallet
+ 1-6 Month: Lightweight wallet - More marketplace services - Coinmixing - Official Cr/BTC exchange - Credits foundation
+ 6-12 Months: Development of an official Credits/USD exchange with payment processing services(Similar to BitPay)
+ Over 1 year: Continual support - potential addition of N-Factor update to eliminate ASIC threats
Specific interests:
Diffusion into the video game market - competitions - casual mobile apps - in game items for Credits
Centralizing a variety of unrelated markets/services/products into the Credits marketplace - organization - value
https://ip.bitcointalk.org/?u=http%3A%2F%2Fa.pomf.se%2Frvmgpe.png&t=537&c=Bru4y1iLmjcyiQ
Premine isn't something we stand for, we let you decide if Credits is worth it. If you feel like showing your love or just want Credits to grow even faster,
donate or lend your skills to us.