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Author Topic: [ANN][SIM] Simcoin - A Simple Coin  (Read 44854 times)

NxtChg

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Re: [ANN][SIM] Simcoin - A Simple Coin
« Reply #15 on: April 14, 2014, 07:51:23 pm »
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Here's an interesting quote:

Quote
"For every 25 percent increase in problem complexity, there is a 100 percent increase in the complexity of the software solution."
-- Robert L. Glass, Facts and Fallacies of Software Engineering.

More reasons to limit the scope of problems you are trying to solve...
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NxtChg

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Re: [ANN][SIM] Simcoin - A Simple Coin
« Reply #16 on: April 15, 2014, 10:38:52 am »
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I've updated the code for error-protected addresses that I did for NXT and converted it into the new format.

As a bonus I also wrote a simple address generator. It's not user-friendly, it's just for you, early adopters :)

https://simcoin.info/address_gen.zip

It's a simple console exe that generates random addresses and stores them in a CSV file.

It doesn't look for user-defined words because it's much faster to check a word against millions of pre-generated addresses than to generate those addresses again. What if the next day you need another address with a different word? You just try to find it in your database of addresses, instead of generating them all over again. This also helps if you just want to pick a better looking random address.

Don't go crazy with it, if some issue comes up - I will not hesitate to change how keys are generated.

The program will append new addresses and passphrases to "out.csv" file it creates on the first run. Make sure nobody else can read it.

If you use it, I would appreciate if you post here how many addresses per second you got and what kind of CPU your machine has. My, rather old, 2 GHz PC generates them at the rate of about 1400 keys per second. This means I can find a 6-character word in 4-8 days. The code is not particularly optimized, so the speed can be significantly improved later.

If your CPU has multiple cores, you can run several copies of the program, just make sure you run it from different folders. And leave one core free for the rest of the system.

To exit press Ctrl-C.
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NxtChg

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Re: [ANN][SIM] Simcoin - A Simple Coin
« Reply #17 on: April 15, 2014, 12:53:34 pm »
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Added a lookup program that lets you search for your word in the generated file:

https://simcoin.info/address_gen.zip

It will save all matching addresses in a separate file "found.txt".
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NxtChg

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Re: [ANN][SIM] Simcoin - A Simple Coin
« Reply #18 on: April 16, 2014, 07:52:08 am »
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Invested 1.5 BTC because your tech really gets to the heart of why cryptos haven't spread that much: security and speed. Add ease of use to your "paranoid" security and you'll have one helluva coin.

Allow me to introduce myself to everyone as Investor #151.

Thanks! I'll do my best.

----

And with 75 investors we surpassed NXT. It's good, because people still bash NXT for small number of initial investors.

Total investments at this point: 43 BTC
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NxtChg

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Re: [ANN][SIM] Simcoin - A Simple Coin
« Reply #19 on: April 16, 2014, 08:53:38 am »
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Current distribution:

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NxtChg

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Re: [ANN][SIM] Simcoin - A Simple Coin
« Reply #20 on: April 16, 2014, 11:52:11 am »
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There is already a currency called "simcoin"
http://www.simcoin.org/

Therefore, the proposed change of name


That looks like a dead project or an attempt not to look like a cybersquatter.
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Re: [ANN][SIM] Simcoin - A Simple Coin
« Reply #21 on: April 16, 2014, 03:48:31 pm »
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But I'm only saying that because I'm in the tank. ;) ;)

Hell of a tank with 76 people on board :)
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Re: [ANN][SIM] Simcoin - A Simple Coin
« Reply #22 on: April 19, 2014, 08:05:29 am »
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Re: [ANN][SIM] Simcoin - A Simple Coin
« Reply #23 on: April 19, 2014, 08:36:06 am »
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Hi NxtChg, I´m glad you´re back. I´m in with a few bitcoins :)

Cool :)

By the way, it's 92 investors with 53.645613 BTC already. I wonder where we are on the scale of successful crypto IPO's...

Is there an infographic somewhere about cryptocoin IPO's? Anybody keeping track?
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Re: [ANN][SIM] Simcoin - A Simple Coin
« Reply #24 on: April 19, 2014, 08:44:40 am »
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How many people are working on the development os Simcoin? What is their skillset?

Currently it's only me because I'm still finalizing the design. I believe it to be much more important than code.

I don't want to take an easy way out, as BCNext did, and shift the burden to code maintainers and end users.

I announced Simcoin about a month earlier so more people had a chance to participate in the IPO.

So for the next 3-4 weeks things will be rather slow, since right now my daily routine is mostly sitting on my ass, thinking :)
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Re: [ANN][SIM] Simcoin - A Simple Coin
« Reply #25 on: April 19, 2014, 02:11:39 pm »
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How about "Sovereign Coin"

Very interesting idea, especially since once it was already a real coin.

But probably for some other crypto. Maybe those guys who want to live on an abandoned oil rig?

"Sovereign Coin For A Sovereign State." :)

For us, it doesn't convey the main goal of being simple.
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Re: [ANN][SIM] Simcoin - A Simple Coin
« Reply #26 on: November 20, 2015, 03:33:52 pm »
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why make it full open source?  will it not just mean 20 copies within a short space of time?

Well, that's how open-source works. I'll try to delay releasing the source code to give us a head start.

Besides, nobody would take a cryptocurrency seriously unless it's open-sourced. I know I wouldn't :)
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Re: [ANN][SIM] Simcoin - A Simple Coin
« Reply #27 on: November 20, 2015, 03:34:35 pm »
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Perhaps "Payso" coin, a play on the spanish word Peso.

Wouldn't it be too confusing? :)

- Have you heard about a new currency - paysos?"
- New? They had it in Mexico for hundreds of years!

Also, it's probably not a good idea to associate "Internet money" with any particular country.
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Re: [ANN][SIM] Simcoin - A Simple Coin
« Reply #28 on: November 20, 2015, 03:35:30 pm »
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...then sprinkle in some traps for good measure.

Thought about it. One thing BCNext did right was placing intentional flaws in the code and setting a reward to find them. That's a smart move to make people thoroughly review your code. Should probably do the same.


NxtChg please give us a long head start in regards to open source. Nxt had a head start but still we already have NAS muddling up the Nxt name.

Yeah, this is a problem with cryptocoins. That's why I hesitate to publish too much info on the wiki.

Since I do quality work, it takes a lot longer, so by the time I get to release, Simcoin's features might be implemented in some other coins and won't look so new and exciting. As investors, you probably don't want that.
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Re: [ANN][SIM] Simcoin - A Simple Coin
« Reply #29 on: November 20, 2015, 03:35:51 pm »
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..."Paycoin"...

3-letter code will be "PAY"? Confusing?

One thing I do is try to pronounce the word really quickly several times in a row and see how it holds up.

Simcoin is Ok, Paycoin becomes Peecoin :)
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