Bitcoin Forum

Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: Crestington on November 01, 2014, 12:00:26 PM



Title: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 Beta Live 03/01/2015)
Post by: Crestington on November 01, 2014, 12:00:26 PM
A new trend is coming in the Altcoin scene, why make a new Coin when you can build equity onto an existing coin?

ColossusCoin

http://s29.postimg.org/3rm1b7dfb/Colsplash1.png

The issues:

Multiple errors in the code, several hardforks, missing balances from BTCLTC, missing balances to Cryptsy (holds approximately 30-40% of the Coins and halted withdrawls)

The Benefits

The name ColossusCoin

Website http://www.colossuscoin.org/

Forums http://www.colossuscointalk.org (Mod)

Facebook https://www.facebook.com/Colossuscoin (Mod)

Twitter https://twitter.com/Colossuscoin

reddit http://www.reddit.com/r/ColossusCoin/


Possible solution?

I am thinking a full swap for a new Blockchain would be best, off the exchanges for a period of 3-4 months but that would involve extra coding. I'm not confident in myself that I could do it all on my own since I also work full time and less than a years worth of coding experience but I do have a few prototypes to work with along with a lot of ideas, resources and guides, contact with several exchanges.

What do you guys think? there is more available than just this bit and how would the Coins be handled? What to do about exchanges so that it can remain Proof of Stake only without Exchanges becoming a risk (eg. Moolah)


UPDATE FEB 3, 2014

I am closing this thread since I don't want to have multiple threads cluttering up the forums and confusing everyone as we progress into the final version. All further discussion will be moved to our launch thread at https://bitcointalk.org/index.php?topic=941433.0 but keeping this thread as reference to the active progression of the project.


UPDATE NOV 6, 2014

I will be away from Nov. 10th to Nov 20th, heading to Vegas for 30th birthday celebrations. The source here is provided for final improvements. I have added 350k Multiwalletcoin to the development fund and also have another 150k to add as well along with some Mary Jane coin that was given to me. I have contacted a couple people for quotes and will also try to provide a more comprehensive list of funds available for the bounty plus a teaser video which is one of many promotional videos we have ready.


UPDATE NOV 9, 2014

fire rabbit provided a few promotional videos for me and said it was alright if I hosted them here, he does great video work for Crypto and did some work for LiteCoinDark as well.

Here is part 1 of a mini-series to help get people more interested in the ColossusCoin project.

https://www.youtube.com/watch?v=fRHpZcIqb6I&feature=youtu.be

UPDATE JAN 3, 2015

ColossusCoin 2.0 is now LIVE and Staking

Proof of Work has ended and is now Proof of Stake only

Sourcecode: https://github.com/Crestington/Colossuscoin2test

The Specs

Algorithm: X11

2 minute Blocktime

Proof of Work

190 Million per Block the first 100 Blocks
1000 Coins per Block from Block 100 to 7200 (10 days)
0 Coins per Block after Block 7200

POW ends after Block 7200 (approx. 10 days)

Proof of Stake

7 day minimum age
28 day maximum age
8% a year inflation halving down to 4% every 64 times difficulty (8%, 6%, 5%, 4.5% etc...)
Maximum Stake reward is 25,000 (max block size 4-16 million)
Fee is 20 Coins per 1 kb transaction (sending one transaction up to 6-7 combined inputs)

The reward is Stake Reward (up to 25,000), plus Fees included in the Block

Stake Split threshold is 10 days
Stake Combine threshold is 200,000 Coins

This means that if your Coins Stake before 10 days, it will split your reward into 2 equal sized Blocks regardless of size. If a Block of Coins Stake after 10 days and are less than 200,000, it will combine the Coins and Stake reward into one Block.

Coin Control

Coin control lets you view your transactions and the amount of Coins in each Block you have along with it's confirmations.

You can enable it by going into "settings" then "options" and under the "display" tab, choose "display Coin control" and apply the changes.

http://s9.postimg.org/f46hxwwtr/Coincontrol.png

Then you go back to the Wallet and go to "Send Coins" and you can now view a list of all your Blocks and can sort it by size, confirmations or addresses.

http://s9.postimg.org/585ey9r1r/coincontrol2.png

[/quote]


Staking reward changes and planning a hardfork

I am looking for some help with reward changes and creating a hardfork. There are two bugs here in which need to be resolved.

Bug #1 Actual reward for Staking is almost always the subsidy limit of 25,000 Coins which would lead to an actual amount of inflation of approximately 6 Billion a year.

Bug # 2 Fees are doubled in the Proof of Stake reward. When a fee is collected as part of the transaction, the Proof of Stake Block that confirmed the Block receives the Fee reward twice.

ColossusCoin 2.0 is currently in Private Beta, we can offer Bounties for upgrades and final tweaks to the rewards




Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: sniveling on November 01, 2014, 12:25:07 PM
Why not do a snapshot of the blockchain and create a new V2 coin containing all the old coin's addresses with balances intact? Clam coin did it by taking snapshots of the bitcoin and doge coin blockchains. All you have to do is import your bitcoin or doge coin addresses to get an amount of clam coins proportional to your original balance.


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: Crestington on November 01, 2014, 12:33:38 PM
Why not do a snapshot of the blockchain and create a new V2 coin containing all the old coin's addresses with balances intact? Clam coin did it by taking snapshots of the bitcoin and doge coin blockchains. All you have to do is import your bitcoin or doge coin addresses to get an amount of clam coins proportional to your original balance.

Do you have a link or example you can provide? I like this idea but it is easier to visualize in practice. I also know the guy that did the ADT swap but he wanted 3k which is what he charged Zack way back in Jan when all the Alts were hitting their peak.


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: sniveling on November 01, 2014, 02:16:06 PM
Why not do a snapshot of the blockchain and create a new V2 coin containing all the old coin's addresses with balances intact? Clam coin did it by taking snapshots of the bitcoin and doge coin blockchains. All you have to do is import your bitcoin or doge coin addresses to get an amount of clam coins proportional to your original balance.

Do you have a link or example you can provide? I like this idea but it is easier to visualize in practice. I also know the guy that did the ADT swap but he wanted 3k which is what he charged Zack way back in Jan when all the Alts were hitting their peak.

The clam coin source code is available here.

https://github.com/nochowderforyou/clams

The clam coin thread is at this link (CLAMs is trading on poloniex).

https://bitcointalk.org/index.php?topic=623147.0

There is also a thread discussing various techniques of doing snapshots here.

https://bitcointalk.org/index.php?topic=563972.0


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: Nullu on November 01, 2014, 02:18:23 PM
Christ, is ColossusCoin still not fixed yet? I've still got my dead wallet gathering dust on a backup drive.


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: youandme123 on November 01, 2014, 02:44:16 PM
thanks.crestington


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: Crestington on November 01, 2014, 10:20:23 PM
Christ, is ColossusCoin still not fixed yet? I've still got my dead wallet gathering dust on a backup drive.

I need help with the coding, looking for people who want to help but all this Blocknet Stuff is drowning out the thread. I don't have the money to pay for it all myself, I did spend about 1-1.5 BTC earlier this year on getting a POS coin made but it was based off of CommunityCoin but the Coin Control didn't work plus extra work was needed. When trying to do further work on it with the coder, he said he suffers from massive migraines and then was hospitalized and he hasn't been active on the forums since.

I don't really want to do an ICO/IPO and hold onto people's funds without a tangible product.

A custom Coin would be best so it can be adequately scaled, we could work with the entire float with a high emphasis on Fee's.

A few points that have been discussed.

ColossusCoin is known for a large Float but 313 Billion is a very large float and can restrict trade.

What we could do is create the initial Float of 19 Billion and Swap the Coins at a 1:20 ratio which would leave approximately 25% of the Coins left over if everyone swapped over. The possible issue with this is that there may be a very small amount of people who swap over and alot of Coins left over. To do it where it is an equal swap and trade with Cryptsy and the other exchanges is that it would be likely that people would never withdraw their Coins from the Exchanges which is also bad for the network and may possibly leave no room for future funding.


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: Crestington on November 01, 2014, 10:39:55 PM
Also, I am very proud of all the work that has been done on the forums and website so far which is a huge plus for those who want to help.

I helped setup the forums alongside Sudo23 and Heat007 as a type of 3 step forums with Public, Members, and Development Team sections along with Shoutbox and newsletters. It could easily house a few thousand members the way it's setup and makes it far easier to do all kinds of work without the noise of Bitcointalk. Further on what I'd like to include would be an open chat system such as Comet/Apex Chat along with 2FA and a higher emphasis on Security/Community.


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: Crestington on November 03, 2014, 12:25:30 AM
If you would like to see an update on all the discussion we have had on all aspects of rebuilding the coin from scratch you can view the entire thread at http://colossuscointalk.org/index.php?topic=545.75

Here is a picture of a previous Prototype based on WhiteCoin (bug in Staking)

http://s2.postimg.org/6hvbwt3ix/Screenshot_from_2014_10_18_01_38_40.png



I have been working on a final adaption of HoboNickels as Proof of Stake Only, the problem I am having is the change from destruction of fees in Stake to the addition of fees along with making sure that it is only Proof of Stake Blocks being signed and the initial mining.

You can view the Github respository here and full changes against the original code https://www.github.com/Crestington/ColossusCoin2

Here is a picture after creating a new Genesis Block, I'm not sure the reason/reasons for this

http://s2.postimg.org/vmmca82zd/Screenshot_from_2014_11_02_16_02_12.png


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: Crestington on November 03, 2014, 02:28:21 PM
Bump


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: Crestington on November 04, 2014, 03:10:56 AM
For those of you who are fairly new around here, Colossuscointalk recently celebrated it's 1 year anniversary. I would like to thank Sudo23 who has managed the webite and forums over the last year as well as helped bring many changes to the look and functionality to both colossuscoin.org and colossuscointalk.org. In February/March of this year, Sudo23 and Heat007 did a full overhaul of the look of the main website and the forums, and I helped with organizing layout, categorizing the forums and permissions for all members. Gone are the days of dreary Black and Orange and hello to bright, cheery and functional.

http://s1.postimg.org/4e6j22em7/Colforums.jpg

My strong point is in forum management and conflict resolution and will continue to pursue this so help us create something truly Epic.

http://s21.postimg.org/rxxgkirjr/Colossuscoin1.png


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: mouseman on November 04, 2014, 11:47:36 AM
Interesting reading Sniveling. Thanks for the leg work and listing the resources.

Why not do a snapshot of the blockchain and create a new V2 coin containing all the old coin's addresses with balances intact? Clam coin did it by taking snapshots of the bitcoin and doge coin blockchains. All you have to do is import your bitcoin or doge coin addresses to get an amount of clam coins proportional to your original balance.

Do you have a link or example you can provide? I like this idea but it is easier to visualize in practice. I also know the guy that did the ADT swap but he wanted 3k which is what he charged Zack way back in Jan when all the Alts were hitting their peak.

The clam coin source code is available here.

https://github.com/nochowderforyou/clams

The clam coin thread is at this link (CLAMs is trading on poloniex).

https://bitcointalk.org/index.php?topic=623147.0

There is also a thread discussing various techniques of doing snapshots here.

https://bitcointalk.org/index.php?topic=563972.0



Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: Nullu on November 04, 2014, 03:22:18 PM
How functional is ColossusCoin? Can coins be sent/received?

If so, then it is possible to create a service that allows you to trade one coin for another. In this case, the old COL for the new coin. To resolve the issue of float, you can change the cap on the new coin, and send the user the % equivalent of the new coin, like for like.

So user A owns 0.0014% of COL cap. He sends those coins to the service, and receives 0.0014% of the new COL coin cap.

If you wanted to tweak it further by reducing/increasing the overall share, then you just add/remove a percentage multiplier to the percentage. So you could double their total share of all COL, or half it, for example.

This makes it entirely scalable and workable with any coin cap, and each user will get the same percentage share even if the cap of the new coin is much lower.


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: Crestington on November 04, 2014, 07:38:26 PM
How functional is ColossusCoin? Can coins be sent/received?

If so, then it is possible to create a service that allows you to trade one coin for another. In this case, the old COL for the new coin. To resolve the issue of float, you can change the cap on the new coin, and send the user the % equivalent of the new coin, like for like.

So user A owns 0.0014% of COL cap. He sends those coins to the service, and receives 0.0014% of the new COL coin cap.

If you wanted to tweak it further by reducing/increasing the overall share, then you just add/remove a percentage multiplier to the percentage. So you could double their total share of all COL, or half it, for example.

This makes it entirely scalable and workable with any coin cap, and each user will get the same percentage share even if the cap of the new coin is much lower.

I'm not fully confident that it can be traded like that as of yet. Sudo and I have done tests over the last few months sending transactions and have seen instances where Col Coins were sent but not received. Zackclark70 was nice enough to put me in contact with the guy that did the swap service for ADT and he said he would do it for the same price as he charged Zack which was 3k USD but that was back in February/March and more expensive than it needs to be.

The cheapest option would probably be to use escrow, I'm pretty sure a few good escrow I have met would do it for some of the finished product where you send in your wallet.dat and it gets destroyed and in return you get an agreed upon amount of of new coins to the new wallet.

It would be good to first offer a Cryptocurrency in which offers an advantage to all holders and trade that for present ColossusCoins which are not being traded alongside other fiat currencies (all coins which are in peoples wallets off the exchanges). Once complete, we can decide how to handle the Coins on Cryptsy, the best option in my mind would be to have some kind of vote on the percentage to swap it over for or what kind of trade so that it becomes a choice but is beneficial for both sides since you have immediate and large distribution.

The step I am working on is first making sure the new structure is as well designed as possible so that it creates the very minimum amount of Bloat over time and fast connection/sync speed so that you can always connect a full node 1, 2, 5, 10 years down the line. I am very much a fan of Tranz work on HoboNickels, his design on the GUI is top notch and faster than BlackCoin. I would want to blend some of the elements of each into a Proof of Stake only environment with an easy to use layout of the wallet (as pictured earlier, based on WhiteCoin).



Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: Fire Rabbit on November 04, 2014, 09:40:55 PM
And here we go!  ;D ;D ;D


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: kingscrown on November 05, 2014, 03:25:06 AM
cant wait for this, i love COL team and will help to promote it :)


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: Nullu on November 05, 2014, 02:38:14 PM
How functional is ColossusCoin? Can coins be sent/received?

If so, then it is possible to create a service that allows you to trade one coin for another. In this case, the old COL for the new coin. To resolve the issue of float, you can change the cap on the new coin, and send the user the % equivalent of the new coin, like for like.

So user A owns 0.0014% of COL cap. He sends those coins to the service, and receives 0.0014% of the new COL coin cap.

If you wanted to tweak it further by reducing/increasing the overall share, then you just add/remove a percentage multiplier to the percentage. So you could double their total share of all COL, or half it, for example.

This makes it entirely scalable and workable with any coin cap, and each user will get the same percentage share even if the cap of the new coin is much lower.

I'm not fully confident that it can be traded like that as of yet. Sudo and I have done tests over the last few months sending transactions and have seen instances where Col Coins were sent but not received. Zackclark70 was nice enough to put me in contact with the guy that did the swap service for ADT and he said he would do it for the same price as he charged Zack which was 3k USD but that was back in February/March and more expensive than it needs to be.

The cheapest option would probably be to use escrow, I'm pretty sure a few good escrow I have met would do it for some of the finished product where you send in your wallet.dat and it gets destroyed and in return you get an agreed upon amount of of new coins to the new wallet.

It would be good to first offer a Cryptocurrency in which offers an advantage to all holders and trade that for present ColossusCoins which are not being traded alongside other fiat currencies (all coins which are in peoples wallets off the exchanges). Once complete, we can decide how to handle the Coins on Cryptsy, the best option in my mind would be to have some kind of vote on the percentage to swap it over for or what kind of trade so that it becomes a choice but is beneficial for both sides since you have immediate and large distribution.

The step I am working on is first making sure the new structure is as well designed as possible so that it creates the very minimum amount of Bloat over time and fast connection/sync speed so that you can always connect a full node 1, 2, 5, 10 years down the line. I am very much a fan of Tranz work on HoboNickels, his design on the GUI is top notch and faster than BlackCoin. I would want to blend some of the elements of each into a Proof of Stake only environment with an easy to use layout of the wallet (as pictured earlier, based on WhiteCoin).



Why can't Col simply be forked to a working POS coin? Anyone who currently has cols would just use their current wallet.dat with the new wallet.


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: Crestington on November 05, 2014, 03:12:21 PM

Why can't Col simply be forked to a working POS coin? Anyone who currently has cols would just use their current wallet.dat with the new wallet.

I don't know how many coins Cryptsy owns that are unaccounted for, I and many others have had coins disappear on their market and I'm not comfortable with Cryptsy owning 30-40% of the Coins right off the bat since most people never withdraw their coins to Stake. Also there needs to be a funding measure, IMO a hardfork would take away that option, plus it's better to start with a fresh Blockchain instead of 750mb Blockchain as it would be more efficient over time.


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: youandme123 on November 06, 2014, 01:30:43 AM
it is a great idea.


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: Febo on November 06, 2014, 12:09:00 PM
A new trend is coming in the Altcoin scene, why make a new Coin when you can build equity onto an existing coin?


lol why would you build equity onto an coin, where most coins are already divided among people that dont really much care of it, since they put it into situation as it is?


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: Crestington on November 06, 2014, 01:20:52 PM
Ok so lets get some ideas down.

I have done a fair bit of research and testing and I firmly believe that working with the entire float is the way to go. How would it be beneficial?

 I would first start with the following specs

POS only

19 Billion Float
7-21 day max weight
2 minute block time
50 coin minimum fee
5% per year

The advantage here is that it limits the coins available to Stake to 10k Blocks which create an average block to Stake at 1.9 million. The average amount of Stake participation within coins such as PeerCoin/NXT etc. is a maximum of 60% so the maximum Block size would be around 250k. First and foremost is all holders who have their coins in their wallets and don't have the option to trade. For all those people, they would receive an advantage as they would receive coins from inflation rewards, plus all the fees from distribution. As all fees go into Staking, we can wind down the entire amount held to a manageable amount through distribution of fees. The easiest way to do this is through settxfee in which a set fee is included into each block, thereby increasing the reward for each block found. We could do this as part of a promotional effort so that it increases the incentive to Stake, spread out your Blocks and create better security for the network.


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: Crestington on November 06, 2014, 01:27:55 PM
A new trend is coming in the Altcoin scene, why make a new Coin when you can build equity onto an existing coin?


lol why would you build equity onto an coin, where most coins are already divided among people that dont really much care of it, since they put it into situation as it is?

If you are building a new coin onto an existing structure, you gain the benefits of distribution and all essential social networks.


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: Crestington on November 07, 2014, 04:30:58 AM
I have updated the OP. Will be away Nov 10-20, my Internet is currently down and not sure if it will be fixed before then. I have added 350k Multiwalletcoin to the Dev fund and have another 150k to add along with some MaryJaneCoin provided by Fire Rabbit.


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: kingscrown on November 08, 2014, 05:18:41 AM
when can we expect COL running again ?


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: youandme123 on November 08, 2014, 07:08:18 AM
i just want to know when to run.


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: rugrats on November 08, 2014, 08:19:57 AM
i just want to know when to run.

I usually run in the mornings, but some prefer the evenings. It depends on your own schedule really.


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: Crestington on November 09, 2014, 02:26:00 PM
There is yet a fair bit of work to do on it and I have a question and wondering if someone may be able to help me answer this. Within a Proof of Stake only Coin, what is the advantage of x11/x15 over Scrypt and Sha256?

Rat4 of BlackCoin mentioned on the forums on several occasions that there is no advantage since these algorithms are designed for POW and guarding against specialized hardware but creates a larger amount of data as a result which is why they switched to sha256.

POW, well that is actually quite easy to do but you will always be fighting against new and emerging hardware so you need KGW or Darkhole and X15 and then next year you need x37 and then watching the price tank because of the sell pressure.

http://s28.postimg.org/k6zt9mp9p/asiccoin.png

Proof of Stake relies on block size and ownership over time and pretty much eliminates the problem of sell pressure to a large degree, in fact you can actually suffer from lack of volume because no one is selling or trading their Coins.

What I am thinking with Proof of Stake is that you could set a defined amount of blocks in order to Stake such as a minimum of 7 days, maximum of 21 days, 2 minute block time but higher fees, and lower inflation (around 5%). I think the reason for this is that I think it would help better define the Blocks for Staking in that 10k Blocks Stake within a period along with thresholds, not to say it shouldn't need some input and changes but relying more on fees means that higher rewards depends and higher activity of the network as a whole.

Also the way the fees should be handled is that they readjust over time instead of going into the next block so that all coins that are part of fees are dispersed evenly. This would also be helpful for share giveback programs and opens the door to true percentage fees on transactions


I want to make sure this is all done correctly with the focus squarely on profitability for everyone and efficiency over time.


fire rabbit provided a few promotional videos for me and said it was alright if I hosted them here, he does great video work for Crypto and did some work for LiteCoinDark.

Here is a little video teaser for everyone

https://www.youtube.com/watch?v=fRHpZcIqb6I&feature=youtu.be


I updated the OP as well with the youtube video


Title: Re: The Colossal Question? Who wants to help rebuild ColossusCoin?
Post by: Fire Rabbit on November 09, 2014, 03:15:57 PM
I'm very excited to be a part of this project. It's been a long journey to say the least.  :D


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: Crestington on January 03, 2015, 06:08:09 PM
Bumped for updated OP and edited for clarity.


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: Crestington on January 03, 2015, 11:05:57 PM
Ok so ColossusCoin 2.0 has begun to Stake and I have updated the OP with the specs and sourcecode. I have given out a portion of the Coins to a few Beta Testers and am looking for some help in resolving a rewards issue. The Coin is currently at Block 7300 and has transitioned into Proof of stake only.

The last block that I have received today about two hours and a half ago, its quantity was rare, not like the others before else 25040 CV2
I thought that it was good that you knew it.
I'm very happy finding blocks, but now it has stopped.
Today I have earned 600040 CV2. It is very funny.
Did you like the screenshoots?
If you needed that I colabore with some task you can explain it to me, and I will try do it.

One thing before end, today I have also received a block but it wasn't accepted.

The details were as the follow:
Estado: en conflicto, transmitir a través de 6 nodos
Fecha: 03/01/2015 12:51
Fuente: Generado
Débito: 0.00 CV2
Cantidad neta: -2000000.00 CV2
Identificador de transacción: de80c8b1bc01cb3f7228239630c8dc88bc891b45ed339f4b39d6c87cdcb02267
Generated coins must mature 60 blocks before they can be spent. When you generated this block, it was broadcast to the network to be added to the block chain. If it fails to get into the chain, its state will change to "not accepted" and it won't be spendable. This may occasionally happen if another node generates a block within a few seconds of yours.

Best regards,

Ok so what we will do is ask people on BitcoinTalk for some help in resolving the issue quickly. It is not really a problem, just that you get much more reward than you are supposed to.

You Staked 2 million after approximately 7 days so at an award of 8% at lowest difficulty you should have received a maximum reward of 3,700 Coins plus 20 Coins from Fees.

Instead you Staked for 25,000 plus 40 Coins in Fees.

This means the reward for Staking is actually 25,000 per Block, plus twice the fees collected in the Block



Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: Hamuki on January 04, 2015, 01:31:02 AM
Let the games begin!


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: Crestington on January 04, 2015, 09:18:44 AM
I created a commit as a preparation for a Hardfork for Reward Changes

https://github.com/Crestington/Colossuscoin2test/commit/0b1528d76baef39ffda185d7f1ab910df7462b46

The New Reward would then be a maximum of 4000 Coins a block, plus fees and a bonus of an extra 10% on Fees

Referenced here in main.cpp:

987  int64_t GetProofOfStakeReward(int64_t nCoinAge, unsigned int nBits, unsigned int nTime, int64_t nFees)
988  { 988  {
  989 +    int64_t nSubsidy = 0;
  990 +
  991 +    if ( nTime > REWARD_SWITCH_TIME )
  992 +        nSubsidy = GetProofOfStakeRewardV2(nCoinAge, nBits, nTime, nFees);
  993 +    else
  994 +        nSubsidy = GetProofOfStakeRewardV1(nCoinAge, nBits, nTime, nFees);
  995 +
 996 +    return nSubsidy;
  997 +}
  998 +
  999 +int64_t GetProofOfStakeRewardV1(int64_t nCoinAge, unsigned int nBits, unsigned int nTime, int64_t nFees)


What I am interested in here is whether or not it should be nSubsidy here or nSubsity + nFees?

Bounty of 10 Million Coins for help on the proper fix.


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: muddafudda on January 04, 2015, 11:52:36 AM
I'll look when I get home.


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: tZKtdvt6 on January 04, 2015, 03:19:39 PM
Hello,

Why are you going to make some changes in the reward system?,

Don't you like the original reward system?, I was very happy earning 25k + Fee, but if only we are going to earn 4000 + 10%, each block,...

What is the problem with the original reward system, exactly?,

If I get understand what is the main problem of the reward system, or too much inflation or both, maybe I would like help to find a good solution for the CV2.

I would like to involucrate to myself to CryptoCoins developing. It must be funny a lot!

Thank you very much.


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: tZKtdvt6 on January 04, 2015, 04:42:16 PM
In my personal opinion I think which is a bit boring is wait, wait for anything, for example If to win 40000 CV2
I must wait a minimum of seven days=5040blocks and also I must have the wallet open always, this last is very important by computers limits by ram and microproccesor.
The result is simply a coin boring.
It would be much better if, now that I understand the coin-control system a bit,
we could put the following instructions at code,
for example,
-----------
Block Reward System: 25000 CV2 + fee or a part of fees, these caracteristics could be changed also at runtime.
Block Time and Minimum Mining Confirmation: 120 seconds and 720, they could be dynamicly modified at runtime, by any kind of algorithm, more ahead more detail about thess points.
I would modify the coin-control system as the following, (Coin-Control feature is an excellent representation an more of how the CV2 coin works, but we could already make better if
we can, and the union is all the power),
The coin control could be modified as the following caracteristics,
The payment of the reward by block found is joined only with symilar kind of reward, then we only needed wait for staking by the payments by block reward, not for a conventional payment. Then we would staking always not only for a moment and wait and so. Then we would get a coin funny a lot!, people wants to be funny a lot, not boring.
The period of time to enable the payments reward to sum to the total staking amount, could be variable also with the mathematical algorithm without determine yet.

As you can observe we are letting many variables at runtime to let a perfect adjust in all moment.

To try to build an algorithm that works with this system that I have wrote, I would need to know deeply for example, how many coins could be created, I would need to know more about inflation in this, I hope you find a bit interesting all what I have wrote to us.

I would love help as much as I can. And I want to learn to develop coins too. Then I hope you say to me more information. Or if you liked or not.

Best regards,


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: Crestington on January 04, 2015, 09:36:12 PM
In my personal opinion I think which is a bit boring is wait, wait for anything, for example If to win 40000 CV2
I must wait a minimum of seven days=5040blocks and also I must have the wallet open always, this last is very important by computers limits by ram and microproccesor.
The result is simply a coin boring.
It would be much better if, now that I understand the coin-control system a bit,
we could put the following instructions at code,
for example,
-----------
Block Reward System: 25000 CV2 + fee or a part of fees, these caracteristics could be changed also at runtime.
Block Time and Minimum Mining Confirmation: 120 seconds and 720, they could be dynamicly modified at runtime, by any kind of algorithm, more ahead more detail about thess points.
I would modify the coin-control system as the following, (Coin-Control feature is an excellent representation an more of how the CV2 coin works, but we could already make better if
we can, and the union is all the power),
The coin control could be modified as the following caracteristics,
The payment of the reward by block found is joined only with symilar kind of reward, then we only needed wait for staking by the payments by block reward, not for a conventional payment. Then we would staking always not only for a moment and wait and so. Then we would get a coin funny a lot!, people wants to be funny a lot, not boring.
The period of time to enable the payments reward to sum to the total staking amount, could be variable also with the mathematical algorithm without determine yet.

As you can observe we are letting many variables at runtime to let a perfect adjust in all moment.

To try to build an algorithm that works with this system that I have wrote, I would need to know deeply for example, how many coins could be created, I would need to know more about inflation in this, I hope you find a bit interesting all what I have wrote to us.

I would love help as much as I can. And I want to learn to develop coins too. Then I hope you say to me more information. Or if you liked or not.

Best regards,

I am not quite understanding what you mean with this, I am open to doing some new things but I think your idea needs to be refined


The reward would be 4000 per Block plus Fees X 1.1 which would equal approximately a 6% increase in money supply a year but the money supply may grow at an extra 1% depending on the amount of Transactions.

This would give a steady amount of approximately 1 Billion New Coins created every year with higher amounts during times of high activity.

Lets do something a big different here

The idea behind this is that when holding and Staking you will always receive a better reward. These are some of the reasons behind the ideas..

If you have too high inflation (more than 10%) then the reward is too great and everyone sells.

If you have a very low amount of inflation (less than 1%) then no one Stakes and there is no Volume on exchanges.

The minimum time to Stake being 1 week is just fine because then all the people selling or trading Coins before that time would destroy their Coinage and receive no reward, and pay a decent amount in Fees to holders (depending on the amount of Blocks in transaction).

A set maximum of 28 days is there to curb the amount of small Blocks that would Stake. By my estimates the minimum amount that would be needed to Stake would be around 25,000- 50,000 Coins.


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: tZKtdvt6 on January 05, 2015, 01:53:26 AM
Hello,

I am only a begginer in this wonderful world of digital economy, as you must to know, but,...
when you say to me:
"If you have too high inflation (more than 10%) then the reward is too great and everyone sells."
Is it said as a negative result or what?
I ask you this because people in general wants be happy trading digital enormous quantities of coins in the markets,...
then,...what is the big problem?
I don't see any by anywhere, If we could modify the algorithm to get enormous quantities by staking and we could launch
to the markets the CV2 coin it would be very funny to all people, staking people, trading people, beginers people,...all people would be interested by your coin.
Until I know BTC has eight decimals actually in the main markets, hasn't it? If we could create or modify the algorithm to have enormous quantities of coins and we got launch
the CV2 coin into some markets trading with BTC. We would stimulate a big great market. It woul be very funny and incredibly useful for the economy.

I simply have given some generals ideas from my point of view. But you must be sure that the only thing that I wish is A BIG IMPORTANT DIGITAL COIN.

I don't have very sure as it is possible that digital coins, in general, can a good day be launched inside a platform of trading. Real Money vs digital coins, but it is something
that also want to know if it is possible. Because, if someone who knows this method get launch in the for example BTC/CV2 pair inside of some platform of trading, and he got
that the reward payments system of the coin will remunerate to the stakers high quantities of coins, for example numbers of 5 (five) ciphers or six, it would be unique.

I hope that you understand what I am trying to explain. Else ask to me. I will be lovely to answer your possible doubs.

Let's build history.

Thank you very much.


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: Bitcoinlover123 on January 05, 2015, 04:54:33 AM
Im onboard :D


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: tZKtdvt6 on January 05, 2015, 05:05:49 AM
Im onboard :D
Welcome Bitcoinlover123!


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: Crestington on January 05, 2015, 08:41:53 AM
Hello,

I am only a begginer in this wonderful world of digital economy, as you must to know, but,...
when you say to me:
"If you have too high inflation (more than 10%) then the reward is too great and everyone sells."
Is it said as a negative result or what?
I ask you this because people in general wants be happy trading digital enormous quantities of coins in the markets,...
then,...what is the big problem?
I don't see any by anywhere, If we could modify the algorithm to get enormous quantities by staking and we could launch
to the markets the CV2 coin it would be very funny to all people, staking people, trading people, beginers people,...all people would be interested by your coin.
Until I know BTC has eight decimals actually in the main markets, hasn't it? If we could create or modify the algorithm to have enormous quantities of coins and we got launch
the CV2 coin into some markets trading with BTC. We would stimulate a big great market. It woul be very funny and incredibly useful for the economy.

I simply have given some generals ideas from my point of view. But you must be sure that the only thing that I wish is A BIG IMPORTANT DIGITAL COIN.

I don't have very sure as it is possible that digital coins, in general, can a good day be launched inside a platform of trading. Real Money vs digital coins, but it is something
that also want to know if it is possible. Because, if someone who knows this method get launch in the for example BTC/CV2 pair inside of some platform of trading, and he got
that the reward payments system of the coin will remunerate to the stakers high quantities of coins, for example numbers of 5 (five) ciphers or six, it would be unique.

I hope that you understand what I am trying to explain. Else ask to me. I will be lovely to answer your possible doubs.

Let's build history.

Thank you very much.

I have updated the Sourcecode with my changes I have outlined. I do not feel that it is good to have such high rewards because then too much selling causes the price to fall quickly. If there were 25% more Coins but the price only fell 10%, you would have still more profit than you begin with but then no one wants to buy a Coin that is continually falling in price.

The reward at 4000 Coins a block and 1.1 times fees at most would see a 10% increase in the total amount of Coins depending on how many transactions there are. Not everyone would Stake their Coins though, typically you might see about 50-60% of Coins active in Staking on any given network so the reward would then depend on how active you are in Staking and may end up with 20% over the year where as the moneysupply only grows at 8-10%

I think it would be very similar to POSV of ReddCoin.


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: tZKtdvt6 on January 05, 2015, 07:52:25 PM
Hello,

I am only a begginer in this wonderful world of digital economy, as you must to know, but,...
when you say to me:
"If you have too high inflation (more than 10%) then the reward is too great and everyone sells."
Is it said as a negative result or what?
I ask you this because people in general wants be happy trading digital enormous quantities of coins in the markets,...
then,...what is the big problem?
I don't see any by anywhere, If we could modify the algorithm to get enormous quantities by staking and we could launch
to the markets the CV2 coin it would be very funny to all people, staking people, trading people, beginers people,...all people would be interested by your coin.
Until I know BTC has eight decimals actually in the main markets, hasn't it? If we could create or modify the algorithm to have enormous quantities of coins and we got launch
the CV2 coin into some markets trading with BTC. We would stimulate a big great market. It woul be very funny and incredibly useful for the economy.

I simply have given some generals ideas from my point of view. But you must be sure that the only thing that I wish is A BIG IMPORTANT DIGITAL COIN.

I don't have very sure as it is possible that digital coins, in general, can a good day be launched inside a platform of trading. Real Money vs digital coins, but it is something
that also want to know if it is possible. Because, if someone who knows this method get launch in the for example BTC/CV2 pair inside of some platform of trading, and he got
that the reward payments system of the coin will remunerate to the stakers high quantities of coins, for example numbers of 5 (five) ciphers or six, it would be unique.

I hope that you understand what I am trying to explain. Else ask to me. I will be lovely to answer your possible doubs.

Let's build history.

Thank you very much.

I have updated the Sourcecode with my changes I have outlined. I do not feel that it is good to have such high rewards because then too much selling causes the price to fall quickly. If there were 25% more Coins but the price only fell 10%, you would have still more profit than you begin with but then no one wants to buy a Coin that is continually falling in price.

The reward at 4000 Coins a block and 1.1 times fees at most would see a 10% increase in the total amount of Coins depending on how many transactions there are. Not everyone would Stake their Coins though, typically you might see about 50-60% of Coins active in Staking on any given network so the reward would then depend on how active you are in Staking and may end up with 20% over the year where as the moneysupply only grows at 8-10%

I think it would be very similar to POSV of ReddCoin.

Updated sucessfully, all works very well, thank you very much.


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: tZKtdvt6 on January 05, 2015, 08:07:29 PM
Can anybody good, explain to me what is the real complete proccess to have a invented coin trading into markets, please?
I would like to know if is it completely definitive to invest real money at its starts, I have seen that there are too many coins that
launch an initial IPO, but I don't know If always it is mandatory.
Thank you very much.


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: Crestington on January 05, 2015, 08:35:31 PM
Can anybody good, explain to me what is the real complete proccess to have a invented coin trading into markets, please?
I would like to know if is it completely definitive to invest real money at its starts, I have seen that there are too many coins that
launch an initial IPO, but I don't know If always it is mandatory.
Thank you very much.

I don't think a full IPO is necessary for a Coin to do well, often it is only the case when you need to pay people to do work on the Coin. This is a little different because we want to distribute it across all COL holders at a fixed rate and I will need to do the work on the wallet/protocol (since most people don't know how). What will be set for Swap will be held in Escrow, and approximately 25% of the Coins held for Costs, rewards and Bounties. I will need to sell a few percent of the Float to help with getting a Block explorer up and some hosting for seednodes and will need approximately 3 BTC to get listed on CCEDK as a CV2/NBT listing (ColossusCoin2/Nubits). I talked to the CCEDK exchange owner and he is interested but we must not assume anything but there is no rush to get it on an exchange right now.


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: Crestington on January 07, 2015, 12:53:51 AM
Added in new Wallet Features

-Block explorer

-Statistics

-IRC chat

-Links to Facebook and Twitter

http://s27.postimg.org/irgijib4j/Screenshot_from_2015_01_06_16_32_34.png

http://s27.postimg.org/uuqfktbkj/Screenshot_from_2015_01_06_16_33_34.png



Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: Crestington on January 08, 2015, 12:23:36 AM
Just a quick update

Hardfork went smoothly and rewards are what they are supposed to be now, ended up getting no real help with it (which is OK because I am capable to do it myself)

Added in the Prebuild Branches for use of sending using minimal Coinage, and refactoring for AcceptToMemorypool


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: Crestington on January 08, 2015, 10:54:11 PM
Fixed up some placeholder text, cleaned up some capitalization and changed Volume in the Statistics to "Total Money Supply".

Currently doing checks on the addition of use of minimal Coinage when sending transactions.

Also Promo video's are being updated for the full release.

I enjoy working on this :)


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: Crestington on January 09, 2015, 12:53:31 AM
Use of minimal Coinage has been merged with the master branch, cleaned up the QT Makefile a bit so it builds correctly.


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: m_j on January 09, 2015, 02:28:20 PM
hello,

i noticed your discussion on the new client,

when is the offical announcement date of the finalised COL2.0 client?

we need a counter like this:

http://countdown.onlineclock.net/



http://s1.postimg.org/jtuibycj3/COLforum.png


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: Crestington on January 09, 2015, 08:36:36 PM
hello,

i noticed your discussion on the new client,

when is the offical announcement date of the finalised COL2.0 client?

we need a counter like this:

http://countdown.onlineclock.net/



Just need to setup a couple DNS-seeders so that no one needs to use config files and to go back and fine tune the retargeting. I also have a few extra features I have my heart set on like the use of multiple wallets, Stake for charity and advanced node msg handling (improved sync performance).

Pretty much as soon as I am happy with all of it and it will run out of the box perfectly then we release the Krakken.


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: tZKtdvt6 on January 18, 2015, 09:46:51 AM
It sounds very good Crestington!.

I hope all be smooth and relaxing.

For the moment the miner is making money, thats really good.

Thank you a lot.


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: Crestington on January 18, 2015, 02:56:15 PM
It sounds very good Crestington!.

I hope all be smooth and relaxing.

For the moment the miner is making money, thats really good.

Thank you a lot.

Awesome, I also have a new optional client that you can test as well and want to get a little feedback with.

New client comes with a fix to the IRC, links to relevant resources in the social tab and use of minimal Coinage when sending, couple changes to the look of the statistics, a few minor tweaks to the text to make it look nicer.

http://s27.postimg.org/4wrv07lsz/wallet2.png
http://s27.postimg.org/awfm3v6lf/wallet3.png


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: tZKtdvt6 on January 18, 2015, 03:33:43 PM
Are we going to be able to do trading inside the new wallet, for example to be connected to any exchange?

Where is the link to the new features wallet?

What exactly is going to be the kraken, (if it is possible to know it) that you have mentioned before?

Thank you very much.


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: Crestington on January 18, 2015, 05:04:33 PM
Are we going to be able to do trading inside the new wallet, for example to be connected to any exchange?

We can do exchanges later on, the protocol is the most important part to work on in order to make sure the security is there. I want to work a bit more on use of multiple loadable wallets, Stake for Charity, advanced node messaging, quick sync functions, and protocol functions helping retargeting of difficulty and security. Exchanges are less of a priority right now, better to see work being done on improving how it works first, at the very least it would not be hard to just create a link to an exchange it's listed on.

Quote
Where is the link to the new features wallet?

I sent you a link for testing

Quote

What exactly is going to be the kraken, (if it is possible to know it) that you have mentioned before?

Thank you very much.

The Kraken was a joke meaning to release an all out marketing campaign

The Kraken is a giant sea monster that destroyed sailing ships http://en.wikipedia.org/wiki/Kraken and was made popular by Kraken Rum's "Release the Kraken!" marketing campaign http://www.krakenrum.com/ and inspired a large trend of meme's


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: tZKtdvt6 on January 18, 2015, 08:22:32 PM
Updated to the new CV2 wallet with all good characteristics.

Thank you very much by the information and the link to the new wallet.

The link was inside the masterthread, I haven't looked recently there, but now it is there.

I hope that you are very happy with all checks, and tests,...

Maybe you want to communicate us more things soon, in relation with the new characteristics already implemented or future ideas to
development.

I'll be happy of receiving them.




Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: kubuminer on January 31, 2015, 10:07:28 PM
And so guys wait start with our pool- http://cv2.binpool.com/

Pre-ann start!


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: spoid on February 03, 2015, 12:55:38 AM
anything? anyone?

dead?


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: Crestington on February 03, 2015, 03:19:23 AM
anything? anyone?

dead?

Rebirth and final checks


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: kingscrown on February 03, 2015, 03:44:49 AM
i will help with escrow to exchange old COL to new COL.


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 is Live 03/01/2015)
Post by: Crestington on February 03, 2015, 08:48:17 AM
Sorry but I need to go back and do some checks on the Proof of Stake rewards, there is a bug present that would make all the Blocks reward at the maximum subsidy rather than to reward at the proof of Stake reward or maximum subsidy (whichever is lower). It's not an easy task when pushing the boundaries of Proof of Stake.


Title: Re: Who wants to help rebuild ColossusCoin? (ColossusCoin 2.0 Beta Live 03/01/2015)
Post by: Crestington on February 03, 2015, 10:30:57 AM
UPDATE FEB 3, 2014

I am closing this thread since I don't want to have multiple threads cluttering up the forums and confusing everyone as we progress into the final version. All further discussion will be moved to our launch thread at https://bitcointalk.org/index.php?topic=941433.0 but keeping this thread as reference to the active progression of the project.

I want to thank everyone for their support and patience with us and hope you understand that we want to provide only the best for the community.