ChanServ changed the topic of #bitcoin-core-dev to: Bitcoin Core development discussion and commit log | Feel free to watch, but please take commentary and usage questions to #bitcoin | Channel logs: http://www.erisian.com.au/bitcoin-core-dev/, http://gnusha.org/bitcoin-core-dev/ | Weekly Meeting Thursday @ 14:00 UTC | Meeting topics http://gnusha.org/bitcoin-core-dev/proposedmeetingtopics.txt
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<tppellegrino> achow101 I'd like to tell you the question first. Then you can verify it's a question I should ask the group.
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<gmaxwell> tppellegrino: thats not how IRC works. You don't ask you ask, you just ask. If anyone can help they'll answer or suggest a better place.
<tppellegrino> Ok.
<achow101> tppellegrino: it's as more of an inconvenience for all of us to go back and forth on whether the question is on topic. Just ask it and if it's not on topic, you'll be directed somewhere else
<tppellegrino> Sure. One moment.
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<tppellegrino> (Backstory)
<tppellegrino> I… missed the Bitcoin craze. In 2009 I was running BOINC on my computer dreaming about “renting hard drive space” like real estate. For years I had no idea what bitcoin really was. I invested in a bitcoin mining stock in 2015, HSHS, it went bankrupt. I never even checked the price. I like to go to the park and I’m a musician. But in March
<tppellegrino> 2024 I randomly googled bitcoin and noticed the price. $70K. I researched and found it started at $.00099. And investing gurus predicting a price of $1M in 2030. I once heard someone say something about “the exchange rate”….. I always wanted to be a trillionaire and cure diseases. I have big “crazy” ideas about solar panels that don’t
<tppellegrino> break and innovative ways to make alien contact. I love Lord of the Rings.
<tppellegrino> I immediately researched the Bitcoin white paper and realized Satoshi Nakamoto was a genius, someone like the 1995 movie “Hackers.” I realized, if I had known about it, I would’ve mined it since 2009 and been one of bitcoin’s greatest proponents. I know you all are. But I thought to myself, what about everyone else who missed the Bitcoin
<tppellegrino> craze? The Bitcoin suicides? What if we had a chance to do it all over again?
<tppellegrino> I researched Bitcoin mining companies and found they operate at a loss, and every one of their stocks’ 52-week lows are down at least 75% off their peaks. RIOT is 99.97% off its all-time high. Don’t these companies want to recapture lost glory, and actually generate Net Gains?
<tppellegrino> So I came up with a trillion dollar plan.
<tppellegrino> (Bitcoin21x project, mining and trading)
<tppellegrino> I commissioned a blockchain company to make a new coin, just like Bitcoin, called Bitcoin21x, exactly like Bitcoin but people don’t have to wait 21 years for it to increase in value: 21x the block release rate, halving rate, difficulty adjustment rate, with 51 million supply (to give mining companies more coins to mine) and rewards start at ~121
<tppellegrino> coins/block, web wallet and website. By rapidly increasing in scarcity at 21x the rate, the idea is it can go from $7 to $70K in less than a year…. I think the average consumer is locked out of profiting from a dramatic increase in Bitcoin price, but would otherwise heavily invest if the price was low enough. Bitcoin21x capitalizes on this
<tppellegrino> demand.
<tppellegrino> My plan is to mine it for a few months, secretly, then go to the public and say hey, missed out on bitcoin at $7? Well, heres' 30 million coins for the world. Enjoy. The world is going to swarm, the hash rate is going through the roof, securing the network. Mining pools love it. And the world loves the low price and everybody wins.
<tppellegrino> But I’m concerned about the public part… I have a small remaining budget, $12K…my developers tell me it needs trading volume before I can market it to the public, large mining companies and list on large exchanges, but on the other hand I need to bring in the public, large exchanges and large mining companies to generate trading volume. Bit
<tppellegrino> of a catch-22.
<tppellegrino> (Question)
<tppellegrino> It has illustrious advantages for Bitcoin. It can be dual-mined, as a benefit to the mining community, and offers rapid value appreciation, drawing a new generation of investors to the crypto economy. It could be used as leverage to the benefit of Bitcoin, strengthening the Bitcoin Blockchain and digital currency ecosystem. There’s a lot of
<tppellegrino> opportunity here to shape and mold the outcome of Bitcoin21x, to the benefit of all involved; would anyone like to get involved, perhaps in the pre-mining with the prospect of tremendous ROI, and take me under their wing and help guide the project to public success?
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<tppellegrino> I also see an opportunity to create a trading platform, following the Binance model, using Bitcoin21x as a utility token. Although it has a lower supply than BNB, a higher price would enable the use of smaller units to pay for trading fees.
<tppellegrino> At ~121 coins/block and 210,000 blocks, there are 25,500,000 coins available to mine over the course of the first 69.44 days (before the first halving) after mainnet launch. The plan is to list it on an (several) exchange(s) at $7/coin after the first halving- very lucrative. I can provide more detailed information as needed. But the project will
<tppellegrino> definitely fail without integrity, decentralization, authority, integration, 3rd part developer involvement and support in the Bitcoin community. Would anyone like to join me and guide or even lead this project to fruition in return for the opportunity to pre-mine?
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<conman> go away
<achow101> Altcoins are off topic
<tppellegrino> Me?
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<tppellegrino> Should I stick around to see if anyone replies? Or just leave immediately?
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<bitcoin-git> [bitcoin] hebasto pushed 3 commits to master: https://github.com/bitcoin/bitcoin/compare/c4d45b695ef2...ff100bb549f2
<bitcoin-git> bitcoin/master bbde6ff Sebastian Falbesoner: add node interface method for getting maximum mempool size
<bitcoin-git> bitcoin/master 4a028cf Sebastian Falbesoner: gui: show maximum mempool size in information window
<bitcoin-git> bitcoin/master ff100bb Hennadii Stepanov: Merge bitcoin-core/gui#825: Show maximum mempool size in information window
<bitcoin-git> [gui] hebasto merged pull request #825: Show maximum mempool size in information window (master...gui_show_maxmempoolsize) https://github.com/bitcoin-core/gui/pull/825
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<tppellegrino> achow101 is there a better channel for this topic?
<achow101> tppellegrino: i'm not aware of any general altcoin dev channels. however your question is off topic for here.
<achow101> you may want to try other places like bitcointalk which have dedicated altcoin sections
<tppellegrino> Alright. Bitcointalk did recommend me to go here. I'll try one more post. See if anyone's interested, then I'll move on....
<tppellegrino> Bitcoin21x: For people who missed the Bitcoin Craze: New peer-to-peer based anonymous digital currency designed to go from $.0001 in 2024 to $2,000,000 in 2025- 21x the rate of bitcoin.
<tppellegrino> Sample Description: “Exactly like BitCoin but people don’t have to wait 21 years for it to increase in value: 21x the block release, halving and difficulty adjustment rates means hashing power will aggregate exponentially while limited supplies won’t deter collectors and mining pools.”
<tppellegrino> Plan is to market Bitcoin21x to mining pools and news organizations and popularize Bitcoin21x through free publicity, by capitalizing bitcoin’s popularity with a similar name and statistical likelihood of rapid growth, increasing in scarcity at 21x the rate of Bitcoin, to reach Bitcoin's 2140 scarcity in only 6 years.
<tppellegrino> Bitcoin21x high potential vertical: similarities to Bitcoin itself will leverage free publicity mechanisms, self-driving consumer interest,profitability awareness, pre-existing eagerness to gain an early position, collector sentiment and the enormous pre-established Bitcoin mining network in order to build its own market momentum, which rapidly
<tppellegrino> attract the largest mining pools in turn rapidly increasing the Bitcoin21x price.
<tppellegrino> Who wants in?
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