the next step will be to create a new masternode currency that is only attainable by burning SHND

after this is completed we can look at adjusting the POS values for SHND in relation to the reduced coinsupply.

pow rewards change at block 589500
pos rewards will change at block 593500
this was chosen as it was projected to fall after 30 days from the first vote being run.
ideally allowing investors who started staking prior to the votes, to get one return of 1200%.

this image of supply projection based on historical figures also agrees that 1200% is not the actual values of ascension

tbh, the limits of 2 billion on transaction size definitely limit the potential growth through the practical issues of staking in lumps smaller than 1 billion,
but if you own 4T, running 4000 inputs is not really a huge issue.
it's more sending them all the to the exchange that's the annoyance

and we'd definitely at some point find that the 2.5 minute blocks would limit growth to less than 500billion a day (when considered in combination with PoW).

lol. cos what's 4T coins between a small group of friends ?
at the current price of everything,
thats only $4.9m worth added in 24 days ... does not seem very sustainable.

and for more specific numbers,
the #1 wallet has increased
from
4,487,631,809,436
to
4,858,678,076,608

since jan28, 371046267172 coins in 7 days
which is valued at $456,832

.
here's the snapshot we took of the richlist on the 28th jan, please compare to https://richlist.cryptobe.com/StrongHands





i agree to some extent with your feelings on the fork, it's a terrible thing to fork a coin
but desperate times seem to need desperate measures.

and there's nothing we can do about you choosing to run 60004, but if the exchanges update with us to 60005 where does that leave you ?

important notice

there is a new release of the SHND code and wallets v0152

this version fixes two major issues,
where some windows instances crash and refuse to run,
and more importantly, due to some hiccup in github, the recent pull request was accepted by the site without actually accepting code updates, this caused the code to not be updated to fork readiness

all users who have compiled recent versions need to confirm they are running latest code
linux daemon compiled from latest source returns
getinfo
    "version" : "v0.4.0ppc-103-g3d203c0",
    "protocolversion" : 60005,

please ensure you are running latest protocol version 60005.

windows and osx binaries v0151 were compiled seperately and are ok
however it is recommended all users update in a relaxed fashion to help prevent confusions.

https://github.com/bumbacoin/stronghands/releases







the fork will still take place at block 589500 which is expected in around 6 days.
we apologise for this situation,
it is a mystery how github can accept the pull request while still not updating the code
but i can take the blame for trusting and not checking.

to explain, github is a service that helps maintain code on different systems and keep them up to date in relation to each other.
i did a pull request which should have updated all the code on the central repository
with necessary fork code updates,
however, the pull appeared to succeed without doing anything useful.
so instead of the code being all fork ready, i only thought it was fork ready
it's fixed now.

yes,
i do not know about your situation.

if you wish to withdraw to your wallet then keep transactions 1 billion or below
(this will change after th fork , but not yet)

so you would need 22 transactions at 1 billion.

if they are in your wallet already, everything is ok.

Please be patient, we are working on this problem.

Please allow some time for exchange withdrawls
we constantly see people worrying about their withdrawls, then soon after everything is fine.

please be patient.

it is unfortunate that many wallets trigger virus alerts.

ensure you download from official sources, in this case
https://github.com/bumbacoin/stronghands/releases

if you are overly concerned you may run the wallet in a special computer environment where it cannot effect anything of importance,
either a seperate computer, a virtual machine, or using something like sandboxie

** it has been several years since i personally ran sandboxie, but if someone else has experience with virtual environments they could make suggestions **

as long as coinexchange updates your coins are safe.
we will be communicating with all exchanges to ensure they update

lol at the size of this.
deserves a repost

all exchanges will be notified to update their wallets. so after everyone updates the coins will continue as before.

the fork code release should be happening quite soon, but the fork itself wont take place for another 2 weeks afterwards.

i have no idea what this is,

please only download wallets etc. from links in either the first post by myself
or the 2nd post by bitcoinbabys

i'm not sure what coins you hope to burn. the only coins that exist are those owned by "investors".

just keep yr SHND and maybe enough will have been burnt in the exchange for new coin to make you happy.

currently a vote is in progress to shape the final rewards for SHND,

 In the quest to reduce inflation, we propose to reduce the staking rewards.

after a hard fork first we will maintain present rewards of 1200% per annum for 3 months,
then reduce rewards to 600% for 2 months,
then reduce again to 300% for another 1 month,

after this period we propose to convert to a static reward, this will cap inflation to a maximum annual limit.

these numbers are the proposed individual block reward for each block generated through PoS and PoW, also shown is the projected annual growth in coinsupply

@everyone Vote for the following proposed block reward. Please only vote once. Doing this here so you guys wont have a hard time opening another link to vote. Just react to the appropriate emoji.

:one: 2 million coins /block (~420billion /year),
:two: 1 million coins /block (~210billion/year),
:three: 500 k coins /block (~105 billion/yr),
:four: 250 k coins /block (~53 billion/year),
:five: 100 k coins /block (~21 billion /year),
:six: 50k coins /block (~10.5 billion/year).




discord link : https://discord.gg/e8ka8UA
channel : #pos-ideas

once we fork, using this thread will be problematic.

try here, you can easily see the latest release
https://github.com/bumbacoin/stronghands-012x/releases

there's a minor updated v0125,
and we'll probably through a couple more minor updates out along the way.

Please excuse my tardiness, I was going to post this yesterday, but here we are and it's today already ...
I thought perhaps a minor dev update could be in order only in regards to how the code changes are coming and devloping

By now we have a healthy posse of people helping out in all fields of the stronghands universe and  things are moving along swimmingly.
I came onto stronghands knowing there were a few obvious issues that must be dealt with if it is to survive,
and a few things that could do with some tweaking.

---
The obvious issues are, transactions breaking the wallet if the transaction is over 2 billion, and coin supply being misreported.
The tweaking issues could be the reward structure and the current coin supply.

In regards to the obvious:
The 2 billion limit issue is because the wallet fails to reject such transactions, so far we have developed a fix for the qt wallet,
whilst the daemon version still must be worked on further.

The coin supply issue is to do with a integer overflow where the value is too large for the coded integer type, so we are looking at converting the integer type to another that is capable to handle the large values.
This issue is particularly important because the way things are going the same issue is possible to occur with individual staking transactions .. if the transaction were old enough.
It's also possible that by the time our over all changes take effect, the coin supply will have become large enough to break the next largest integer type.

As to the tweaking issues:
There will be a hard fork coming,
this fork looks to include such as a gradual reduction in % returns, current discussion is with keeping 1200% for the next 3 months, 600% for 3 months, 300% for 3 months, then switching to a fixed reward - the value of this fixed reward will be determined to maintain a healthy reward structure for hodling and to keep long term inflation down.
Also an increase in PoW rewards to encourage mining participation.

There will be a vote for final POW/POS rewards.

The fork will also include an increase in the value of possible transactions, at the moment all transactions are limited to a theoretical maximum of 2 billion coins, with a 12 trillion coin supply, raising this 2 billion limit seems a useful thing to happen.

The fork will not address the current coin supply, but there are plans to create a new Masternode Currency, this will be attainable through swapping/purchasing with SHNDS, with the coins being burnt.

-
Other things in progress are updated graphics, updated code base,

Acheivments so far include:
An updated graphic (we still need some more variations to fully update the qt wallet),
numerous seeders which are now hard coded to help with network connections,
various mining pools,

This is only a quick note, and only addresses development in the code area so i could expand more and say how wonderful everything is, but i'll leave it here with just a quick thanks to everyone involved in helping to keep SHNDS alive.

i am but one star in the SHND universe, and the universe is ever expanding .....

why do people ignore this message ?
shall i make it bigger ?

please arrive in the discord server (find link in the first post)
come to channel #wallet-help-chat

vanilla has issues of usability and potential breakability,
rpc call getinfo already has broken value moneysupply,

it is possible that no-one will ever stake enough to break rewards, but with a maximum age of 65 years it is possible,

but even without that breaking, i'll argue that the 2 billion send limit is too low, and the % returns are too high,

don't forget that the apparent "decentralized blockchain" was created by a centralized point,
the whole "decentralized" shtick is mainly about how data is stored, and not how the chain is created/maintained.

for the fork to work, the decentralized network will switch from one protocol to another and continue on.
when we fork, you are welcome to keep Stronghands Vanilla alive and even convince the exchanges and network members not to update. it is up to all members on the network to update however they feel.