Print Page - [SEEDBIT] 300% POS | NO PREMINE

Title: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: sacskate on June 13, 2015, 04:12:11 AM

http://i1130.photobucket.com/albums/m526/sacskate/seedbit/seedbitsmall.png (http://s1130.photobucket.com/user/sacskate/media/seedbit/seedbitsmall.png.html)

WAITING TO HEAR BACK FROM ORIGINAL DEV IF HE PLANS TO STAY INVOLVED

ORIGINAL THREAD

https://bitcointalk.org/index.php?topic=1066956.0l (https://bitcointalk.org/index.php?topic=1066956.0l)

TECHNICAL INFO

300% YEAR POS

No ICO

No pre-mine

Algo: Quark

POW reward: OVER

Block 0..50 0 SED

Block 51..500 1000 SED

Block 501..1000 800 SED

Block 1001..1500 600 SED

Block 1501..2000 400 SED

Block 2001..2500 200 SED

Block 2501..3000 100 SED

POW target time: 90 seconds

POS reward:

50 SED first 5000 blocks, then 0.1 SED EQ + 1% pa

AFTER TAKE OVER 300% POS YEAR

POS stake min-5 days max - 15 days

400 max reward

20 confirms for mined

10 confirms for tx

P2P Port: 25579

RPC Port: 25581

addnode=

addnode=99.108.148.25:25579

addnode=104.238.137.121:25579

WALLETS

WINDOWS

(https://mega.co.nz/#!QEc1yQzQ!ZuUHtfWpNGkj6O7Bfs5ThVXQm8AonIRHPXTx-s_RA60[/url)

SOURCE

https://github.com/drips/seedbit (https://github.com/drips/seedbit)

EXCHANGES

https://yobit.net/en/trade/SED/BTC (https://yobit.net/en/trade/SED/BTC)

https://bleutrade.com/exchange/SED/BTC (https://bleutrade.com/exchange/SED/BTC)

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: kevin1234a on June 13, 2015, 04:12:58 AM

old coin new thread :?

https://bitcointalk.org/index.php?topic=1066956.0

EDIT: AFTER TAKE OVER 300% POS YEAR

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: BlackPanda on June 13, 2015, 04:17:18 AM

no no no , Old coin just for Old Investor ;D

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: chrysophylax on June 13, 2015, 04:53:36 AM

if this is going to be the 'official' thread now - it will be better to lock the other thread ...

ill keep watching this coin :) ...

#crysx

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: ivcelmik on June 13, 2015, 05:21:15 AM

Pools?

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: bathrobehero on June 13, 2015, 05:24:17 AM

Are there any plans for this coins?

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: ocminer on June 13, 2015, 05:36:45 AM

Quote from: ivcelmik on June 13, 2015, 05:21:15 AM

Pools?

POS only...

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: ivcelmik on June 13, 2015, 05:46:33 AM

Quote from: ocminer on June 13, 2015, 05:36:45 AM

Quote from: ivcelmik on June 13, 2015, 05:21:15 AM

Pools?

POS only...

Sorry my fault morning :)

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: ocminer on June 13, 2015, 05:48:29 AM

Quote from: ivcelmik on June 13, 2015, 05:46:33 AM

Quote from: ocminer on June 13, 2015, 05:36:45 AM

Quote from: ivcelmik on June 13, 2015, 05:21:15 AM

Pools?

POS only...

Sorry my fault morning :)

Good morning :)

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: Valta Crypto on June 13, 2015, 05:48:44 AM

Pretty high inflation rate if you ask me :-X

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: seedbit on June 13, 2015, 06:03:37 AM

Quote from: sacskate on June 13, 2015, 04:12:11 AM

300% YEAR POS COMING... 3 PER BLOCK UNTIL UPDATE

Sorry, but that's not what you implemented in the source code:

Code:

// miner's coin stake reward based on coin age spent (coin-days)
int64_t GetProofOfStakeReward(int64_t nCoinAge, int64_t nFees, int nHeight)
{
    // int64_t nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8);
    int64_t nSubsidy = 1 * COIN;
    if(nHeight < 5000)
    {
        nSubsidy = 50 * COIN;
    }
    else 
    {
	    nSubsidy = 300 * CENT;
    }

    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRId64"\n", FormatMoney(nSubsidy).c_str(), nCoinAge);

    return nSubsidy + nFees;
}

You made a 300 CENT FIXED Proof of Stake award, not 300 PERCENT POS!!!

You also did not make a hard fork point. A specific block needs to be specified where new changes start.

Your code won't do what you think it does.

Given these bugs, I really don't think you should update the wallet. If there's something else you'd like to contribute, you're more than welcome.

Original thread (and official) thread is here:

https://bitcointalk.org/index.php?topic=1066956.0

Code updated with checkpoint and alert keys.

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: sacskate on June 13, 2015, 11:59:04 AM

Updated:
min\max stake age now min-5 days max - 15 days (to help with dumping)
300% pos
400 max reward (to help with inflation)
20 confirms for mined
10 confirms for tx

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: seedbit on June 13, 2015, 12:28:04 PM

Quote from: sacskate on June 13, 2015, 11:59:04 AM

Updated:
min\max stake age now min-5 days max - 15 days (to help with dumping)
300% pos
400 max reward (to help with inflation)
20 confirms for mined
10 confirms for tx

21 messy commits for this...

Why is the check removed to prevent malicious nodes cheating in calculating the POS amount.

A node can now submit any POS amount it wants and it won't be rejected:

https://github.com/drips/seedbit/commit/48b93513373755fc9082964438a58b37be72d838

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: sacskate on June 13, 2015, 12:54:27 PM

Quote from: seedbit on June 13, 2015, 12:28:04 PM

Quote from: sacskate on June 13, 2015, 11:59:04 AM

Updated:
min\max stake age now min-5 days max - 15 days (to help with dumping)
300% pos
400 max reward (to help with inflation)
20 confirms for mined
10 confirms for tx

I'm glad to see that you are back after abandoning the coin. I'm just trying to help the community get something going. It's sad to see so many Devs abandoning coins after a few days.

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: sacskate on June 13, 2015, 08:55:59 PM

UPDATED OP

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: mind808crime on June 21, 2015, 05:56:22 PM

the old dev takes off for 2 weeks obviously he/she simply doesn't care..... time for sacskate at least he shows up.

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: CapnBDL on July 27, 2015, 08:58:35 PM

Damn it !! >:(...will somebody tell me where to download the correct Windows wallet. The old one doesn't sync anymore, so I can't stake. WTW is going one with this coin? ???

Thank you

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: kevin1234a on July 27, 2015, 11:49:43 PM

same here even the fresh compilation isnt syncing

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: chrysophylax on July 28, 2015, 02:21:38 AM

Quote from: CapnBDL on July 27, 2015, 08:58:35 PM

Damn it !! >:(...will somebody tell me where to download the correct Windows wallet. The old one doesn't sync anymore, so I can't stake. WTW is going one with this coin? ???

Thank you

after so many weeks - do you really think that anything is really going to happen with the coin without a takeover happening? ...

i invested 'some' time into the coin also - but honestly dont believe that anything favorable will be happening here ...

#crysx

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: CapnBDL on July 28, 2015, 06:46:09 PM

Quote from: chrysophylax on July 28, 2015, 02:21:38 AM

Quote from: CapnBDL on July 27, 2015, 08:58:35 PM

Damn it !! >:(...will somebody tell me where to download the correct Windows wallet. The old one doesn't sync anymore, so I can't stake. WTW is going one with this coin? ???

Thank you

The longer we are kept waiting, the more I lose faith. I think you are right. Another dead coin/wallet. Honesty doesn't exist anymore, like a dead language.

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: chrysophylax on July 29, 2015, 12:47:21 AM

Quote from: CapnBDL on July 28, 2015, 06:46:09 PM

Quote from: chrysophylax on July 28, 2015, 02:21:38 AM

Quote from: CapnBDL on July 27, 2015, 08:58:35 PM

Damn it !! >:(...will somebody tell me where to download the correct Windows wallet. The old one doesn't sync anymore, so I can't stake. WTW is going one with this coin? ???

Thank you

The longer we are kept waiting, the more I lose faith. I think you are right. Another dead coin/wallet. Honesty doesn't exist anymore, like a dead language.

i think honesty and integrity still exist - its just the few that like to take the easy way out - by cheating others that ruin the playing field for most ...

which is why most here - especially those who are new - lose faith very quickly ...

we refuse to give up - no matter how long it takes us - on making something of the gift we have called crypto ...

you can always mine and trade and invest granitecoin ... we are always continuing to improve as best we can ... even though we are slow - we like it that way as it grows the coin and the community organically - unlike a lot of the coins that are a fast paced quick 'get in and get out' system for the devs ...

have a look mate - https://bitcointalk.org/index.php?topic=718939 ... its also in my sig ... ive been working and taking care of it all now for a year - especially making things 'in-house' so that things like 'this here' dont happen as easy ...

the other project im working on - https://bitcointalk.org/index.php?topic=1089744 ... for the devs that deserve to be donated to - and not damn the crypto scene to hell - but actually contribute to it ...

i see you around a lot in various threads ( as i am ) - and hope to see you with granitecoin eventually ...

#crysx

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: speaktome on July 29, 2015, 02:45:28 AM

Is there free coins on here some? ::)

Title: Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
Post by: speaktome on August 14, 2015, 03:16:53 PM

Very low activity on here.

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Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: sacskate on June 13, 2015, 04:12:11 AM