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1221  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Androids Tokens v2.0 [Proof of Stake] [very low inflation] on: May 12, 2014, 09:48:36 PM

the link to the source code is in post 1 its not like I am hiding it from anyone


I'm talking about the working repository that has the fix.

The latest change in the "official" repo (https://github.com/CryptoRepairCrew/Android-Token-V2) is from 18 days ago and puts in only some checkpoints.

It doesn't have a fix.

Where is the working repo with the fix so I can know that it is fixed and get off your thread?
1222  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Androids Tokens v2.0 [Proof of Stake] [very low inflation] on: May 12, 2014, 09:37:26 PM
Seems obvious to me Phelps, tx42 and saveADT are all working together (possibly even the same person)

We are not the same person and not working together.

I think Phelps has the right idea.
1223  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Androids Tokens v2.0 [Proof of Stake] [very low inflation] on: May 12, 2014, 09:13:55 PM

Outing me instead of communicating on the backchannels isn't going to help ADT.

Cryptsy will go with a functioning network in the end.

[edit]

What's funny is that I don't think that those who have invested in ADT will see my PMs as negative as you do.

I think they will see someone who is genuinely interested and capable of saving this coin.


you might be fully capable but trying to take over just because I said that I didn't need your help at this time as the patch is nearly complete is not the way to go about it if you really want to take over I would suggest you start a thread and gain support before you try and force me out   



I'm not trying to force anyone out. I want to put in a fix. That's it. Read my PMs again.

I've requested a look at the working repo several times. If I saw a fix in there that would work, I would have disappeared already.

Where's the repo?


please take over ADT I will personally pay you 250,000,000 ADT to do so

in return all you need to do is block zackclark70s 2+ bill coins from the blockchain

I'll work with the present team if possible. But if it comes down to it, I'll push out my own version of the coin.

However, unless Zack's coins are provably ill-begotten, I'm not going to block anyone's coins, for any amount of compensation.
1224  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Androids Tokens v2.0 [Proof of Stake] [very low inflation] on: May 12, 2014, 08:54:42 PM

Outing me instead of communicating on the backchannels isn't going to help ADT.

Cryptsy will go with a functioning network in the end.

[edit]

What's funny is that I don't think that those who have invested in ADT will see my PMs as negative as you do.

I think they will see someone who is genuinely interested and capable of saving this coin.


you might be fully capable but trying to take over just because I said that I didn't need your help at this time as the patch is nearly complete is not the way to go about it if you really want to take over I would suggest you start a thread and gain support before you try and force me out  

I'm not trying to force anyone out. I want to put in a fix. That's it. Read my PMs again.

I've requested a look at the working repo several times. If I saw a fix in there that would work, I would have disappeared already.

Where's the repo?
1225  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Androids Tokens v2.0 [Proof of Stake] [very low inflation] on: May 12, 2014, 08:39:36 PM
It is now clear to me the intentions of SAVE ADT and the alt accounts that keep giving me hassle over pm

Just a warning to the users of ADT that tx42 is not part of the ADT DEV team and is not working with me and anything he does is not supported by me

and a warning to tx42 that cryptsy will stay on the official update that will be completed by mullick and they do not tolerate hostile takeovers

I'm the coin whisperer.

I can fix your coin. I know what is going on.

I'll throw in coin control to boot.

I can do it without a fork, easily, and without a bounty unless you insist on a tip.

I've already taken a position on this coin.

PM me back here. I know what I am doing.

I did the NRS wallet and others. My questions on the forum are naive, but don't let that throw you.

I want to improve the investment I've already made.




The big green bar here is my buy: https://www.cryptsy.com/markets/view/94

I put my money where my mouth is.

If you let me fix this coin, I will be responsible for bigger, greener bars.

Blade is up about 300% since I fixed it, and that is with cryptorush going down.


Fine. The rest of this message is a friendly advisory.

I'm going to fork the ADT repo and make minimal changes to this coins parameters and end PoW rather quickly.

I'll get my changes out faster than your team, I guarantee you.

I'll have full Qts for all platforms and the network will function beautifully.

I'll make an ANN and let the community decide. A few will try and see how a real coin functions.

That's the deal I made with the blade dev and he eventually came around. NRS us up about 10x since I did their wallets. Buys have outnumbered sells on Blade by about 20 to 1.

I mean the best for ADT, but I won't wait for others to fix it now that I have taken a position.

I'll do it without forking the chain too. You can fork the chain with whatever your devs come up with. The community will go with the pristine blockchain in the end.

I'll get my first release out in 36 hours. Let's see how long your team takes. My wallets will have coin control too.

PM me with any questions.



Outing me instead of communicating on the backchannels isn't going to help ADT.

Cryptsy will go with a functioning network in the end.

[edit]

What's funny is that I don't think that those who have invested in ADT will see my PMs as negative as you do.

I think they will see someone who is genuinely interested and capable of saving this coin.


[edit]

Also, after I'm done fixing it, feel free to merge my changes back into your own repo. I'm not trying to take over ADT. I'm going to fix it and then I will be done.



1226  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Androids Tokens v2.0 [Proof of Stake] [very low inflation] on: May 12, 2014, 07:44:41 PM

over the next 12 months there well be a maximum of 54.44% more coins generated by POS

How do you arrive at an APR of 54.44% from an APR of 2.5%?


2.5% every 15 days for 6months then 2% every 15 days the 6 months after if you stake the interest each time you will gain 54.44% over the next 12 months  

No!!!!!!!! That's not how staking works! If the rate is set at 2.5%, then the inflation is 2.5% APR, with compounding roughly at the stake rate.

You have to set the rate at 54.44% to get 54.44% APR!!!!

[edit]

If you are worried about that level of inflation, then you are safe to set the rate at 5%. Then you'll get roughly 5% APR + compounding. If the stake rate is 15 days with a 30 day full weight, then expect a compounding period to be 22.5 days or so. So your realized rate will only be 0.308% per period.

[edit]

In this latter example, the effective APR after compounding would be barely above 5% (5.12%, to be nearly exact).

1227  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Androids Tokens v2.0 [Proof of Stake] [very low inflation] on: May 12, 2014, 07:06:52 PM

over the next 12 months there well be a maximum of 54.44% more coins generated by POS

How do you arrive at an APR of 54.44% from an APR of 2.5%?

1228  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Androids Tokens v2.0 [Proof of Stake] [very low inflation] on: May 12, 2014, 07:03:03 PM
being pure POS with no POW is an unproven concept that has net been tested as well as the POW/POS code I would like to do some of the things the newer coins are doing but I would rather they make the mistakes first and then when ADT adopts those things there will be less of a risk of doing something that will brake ADT or damage it in the future

That's simply not true.

Bladecoin went from PoW/PoS (with lots of problems) to PoS only. It hasn't had a problem in a month.

Pure PoS is a proven concept that works. Look at results!

https://cryptocointalk.com/topic/4178-blade-now-only-proof-of-stake-available-on-xnigma-formerly-avail-cryptorush-final-version

Zeit: pure PoS, no problems: https://bitcointalk.org/index.php?topic=487814.0

Mint: pure PoS, no problems: https://bitcointalk.org/index.php?topic=450381.0
1229  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Androids Tokens v2.0 [Proof of Stake] [very low inflation] on: May 12, 2014, 06:21:25 PM
BC seems to be the  most successful POS only coin right now, it's stake time is just hours. I think we need blocks staking faster to keep the chain moving and secured.

We can speed up the staking time right without increasing stake % per year?

I guess if we keep POW then we don't need to worry about that as much?


Wait, is this coin PoW/PoS or just PoS? Something isn't right on the OP, then: "[ANN] Androids Tokens v2.0 [Proof of Stake] [very low inflation]".

Is it 1 coin per block PoW, or what?

What does this mean: "Total coins 66,800,000,000  + 1.2% / year max"? Is that the PoW inflation or the PoS inflation, because PoS is supposed to be 2.5%.

This coin won't be a good investment if miners are minting coins hand over fist at low difficulty. Too many coin devs think that crazy mining helps a coin. It only hurts because the inflation is unreasonable relative to the work invested by the miners. There should be a balance and then mining should be discontinued when it isn't needed any more, as soon as possible. It is a point of attack and many coins have suffered.

Look at coin2. How did it fix it's vulnerabilities? It went to pure PoS. Problem solved. PoW is a security burden if it is not needed.

Finally: The idea to have short staking times is fine. The actual APR doesn't change by modifying the stake times. Take a lesson from blackcoin. It forces users to keep their wallets open and secure the network. Don't be fixated on an ideology. Look at results.
1230  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Androids Tokens v2.0 [Proof of Stake] [very low inflation] on: May 12, 2014, 05:44:25 PM
It's still unclear. Is cryptsy on the ADT 2.0 block chain or not?

That is, if I buy ADT from cryptsy, will it transfer to my 2.0 wallet?
1231  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ MERGE MINE WITH FRK NOW! ♦ on: May 11, 2014, 10:06:19 PM
Inflation is only 105 MM per year, but the OP says 10 B. That's not a good way to be wrong.
1232  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Androids Tokens v2.0 [Proof of Stake] [very low inflation] on: May 11, 2014, 06:44:20 PM
I like PoS coins, but I'm wondering if I should invest in this one.

What happens to the unclaimed coins from the ADT -> ADT 2.0 conversion?

Do they get burned at some point and if so, when?

It would be nice to know what the plans are.

1233  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ★★ EBT Coin - PoW/PoS - Critical Bug Fix: Please Update to 2.0.1.2!! ★★ on: May 11, 2014, 06:13:56 AM
If you prove your point, I'll hike ratings of PoS coins in my blog make changes in my ultimate crypto article. But off the 10s of debates I've gone through, this has never happens. Regardless of how confident the guy is, he always looses.

Prove what, exactly?


Prove that PoS does not have the drawbacks as I stated in my blog.

This question is unanswered.

Why do I need to disprove your claims? That's a well known fallacy called the "teapot fallacy":

  There is a tiny tea kettle orbiting the sun. We can't see it from earth. Disprove this statement.
1234  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ★★ EBT Coin - PoW/PoS - Critical Bug Fix: Please Update to 2.0.1.2!! ★★ on: May 11, 2014, 03:28:02 AM
If you prove your point, I'll hike ratings of PoS coins in my blog make changes in my ultimate crypto article. But off the 10s of debates I've gone through, this has never happens. Regardless of how confident the guy is, he always looses.

Prove what, exactly?
1235  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ★★ EBT Coin - PoW/PoS - POS Only Starting at Block 310,000!! ★★ on: May 10, 2014, 05:28:52 PM
Just a thought. I'm already heavily invested in this coin, but many people reading this thread are still only considering whether to get involved.

The future for this coin is PoS. De_logics claims that PoS is not good. Do you want this claim to go unanswered in this thread? His claim is simply not true and I will address the claim each time he renews it.

I have a reasonably sized buy order at a low price. If you don't like the bickering, please feel free to dump right into it. Let me know and I'll add to my order.
1236  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ★★ EBT Coin - PoW/PoS - Critical Bug Fix: Please Update to 2.0.1.2!! ★★ on: May 10, 2014, 04:24:24 PM
So suppose we have 2 different coins (A and B) with identical PoS specs with one difference -- A has 100 active active miners and B has 10 active miners.

Difficulty of A will be higher than B right? Even though the no. of coins on line are the same.

Why would the difficulty of A be higher? You are trying to conflate apples and oranges.

Let me separate the concepts for you:

If it were a PoW network with 10 miners and someone had the mining capacity of 100 miners, they could easily attack the coin.

If it were a PoS network with 10 miners and and someone had the mining capacity of 100 miners, they'd still need to buy up 51% of the coin, making half of the original miners rich.

That's the difference and that's the reason you have never proven yourself correct by attacking a PoS coin. You just don't have the funds to do it.

I guess the route you have chosen is to spam PoS coin threads with your anti-PoS blog text. I agree, that may be a modestly effective way to attack PoS coins, but it doesn't change the underlying reality.
1237  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ★★ EBT Coin - PoW/PoS - Critical Bug Fix: Please Update to 2.0.1.2!! ★★ on: May 10, 2014, 06:52:08 AM
So according to you, high difficulty does not provide any protection against any kind of attacks.

For Proof of Stake, difficulty does not translate into security. Difficulty in Proof of Stake is a parameter used to keep the block times close to the target. Security in Proof of Stake comes from the stake. That's why it's called "Proof of Stake".

Try this experiment: pick a Proof of Stake coin like Blade with a tiny PoS difficulty and buy say 10,000 BLA. Now, you'll have some stake. Split it into 10,000 transactions and put these in a wallet on a machine with as many GPUs as you have. Since everyone staking blade right now is staking on their CPUs, the total network hashes is maybe 10 KH/s. So, with a modest investment, you could have easily 100 times the hashes as the entire rest of the network--for staking. Now, see how long it takes you to 51% the Blade network with this setup.

Of you course won't try because you know that such a plan would never work given that you wouldn't own the requisite 51% of Blade to launch a successful 51% PoS attack. Acquiring that stake, my friend, will cost you. But if you try, and when you get close to 51% ownership, please let me know and I will, as a kind favor, sell you mine for market price. Then, when you crash your own hard-won investment just to make a point, we can both have a hearty laugh at your success.

On the other hand, when you get desperate to validate your own ideologies (or more likely get frustrated with me personally for being so correct in these matters), you must resist the urge to set your GPUs solving Proof of Work blocks to attack Blade, because that would basically be your admission that PoW is indeed the weak link in a PoW/PoS coin.
1238  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ★★ EBT Coin - PoW/PoS - POS Only Starting at Block 310,000!! ★★ on: May 09, 2014, 11:20:18 PM

I like it, too.  I want to mine it for much longer than what we now have left.  It was disappointing enough to know mining was bye-bye next month, but now next week?

It seems the miners, who put this coin on the map originally supporting it, are taking the 60 grit up the exit port again.

That may not be how it is, but that's what it feels like to me.

I thought you were outtta here. I mined this coin 24 hours per day for 2 months. Where were you when you could mine 35,000 coins a day with one card?

I'm glad it's going PoS. The sooner the better in my opinion.

Read the posts again, you aren't missing out on much coin. If you want a lot, just go buy some. It's still cheap!

1239  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ★★ EBT Coin - PoW/PoS - Critical Bug Fix: Please Update to 2.0.1.2!! ★★ on: May 09, 2014, 07:24:49 PM
I have full and better understand of PoS coins than you, and I very well know how PoS works..

No you don't. You simply don't make any sense.

Your worst error is suggesting above that the difficulty of PoS has any bearing on the protection that PoS provides a coin.


Let's look at just a few of your other comments:

Quote
Even mintcoin (100% PoS) has a difficulty of 0.243. It provides 0% protection and 20% interest rate.

If 100% of mint has 0% protection, then why has it not succumbed to an attack on its vulnerabilities? The answer is that PoS provides the protection. You simply ignore (or more likely are unable to recognize) this fact.

Mint is protected by the PoS network.


You go on to contradict yourself:

Quote
You need to run a full node in order for the wallet to mine blocks based on PoS and it should be up always; how many people will do that?

Which you follow with

Quote
Proof of stake is not good. It encourages holding the coins as investment, avoiding it's circulation,

Which is it? First you suggest that too few will keep a wallet open to mint and then you suggest that too many people will do it.
1240  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ★★ EBT Coin - PoW/PoS - Critical Bug Fix: Please Update to 2.0.1.2!! ★★ on: May 09, 2014, 04:51:38 PM

Well actually I have evidence.

There are only 6 or 7 PoS coins coins in the top 50 cryptos (and even less in the top 100), only HoboNickels gives 100% interest rate, the second highest being mintcoin.

As of peercoin, the PoS difficulty is 10, while PoW difficulty 154,904,621.505. Clearly, PoW save PPC from a 51%. And the moment people realize mutual fund schemes give many times better returns, they'll dump PPC for it. So actually, it's surprising why people are still holding PPC for it's negligible interest rate. I would like to learn.

Even HoboNickels, which has a return of 100% a year, has PoW difficulty of 10, and PoS difficulty of 0.003. Speaking of which it's peak has arrived, and never see it's peak again even if the dev is active (it wont die -- but it wont go as high).

Even mintcoin (100% PoS) has a difficulty of 0.243. It provides 0% protection and 20% interest rate.

Did you just time travel from pre-Copernican Europe to criticize altcoins? Because your critique has all the features of Medieval Occultism. Most notably, it is clear from what you have written that you have made judgements without even the slightest understanding of how PoW/PoS coins work.

First, the PoS difficulty is supposed to be much, much lower than the PoW difficulty in a PoW/PoS coin. That's by design and is part of the source code. The reason is that the likelihood that a stake will qualify for minting is based entirely on coin age. Once qualified, the low PoS difficulty allows the stake miner to find a hash with very few resources and within the target block time.

Second, all of the attacks suffered by PoW/PoS coins are directed at the PoW component. EBT is a case in point. Just read the summary above. In fact, if you read all the way through, you'll see that to get the servers synchronized, they use the blockchain kept by the PoS minters. Proof of this fact can be seen by the long stretches of PoS blocks.

Finally, if you read the entire Blade thread, the Blade APR is 20.19%, in line with the Bladerunner theme of the coin, not 100%. It looks like someone on the Balde team needs to update the OP.
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