What do you say to people (specifically merchants) who want to be able to move their coins but can't do it because they're staking? That has always been overlooked in POS systems. Sure its great you get interest but if you actually want to use the currency? no interest for you. Or worse, they do stake the coins and then can't use them when they need them. That will frustrate people into not using this coin. Not everybody, but some. Usability should be more important than gaining interest.
This is the most on-point comment and question yet. Merchants will want to move the coins, not leave them sitting. Perhaps we should make the default on an unlocked POS wallet to not stake? We could make it so that in order to stake you have to enable it in addition to unlocking for staking. |
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Here is a version of the Potcoin Windows wallet that reduces the max split from 2 million to 5 thousand: potcoin-08.7.2-win32-5Kv2.zipThis version will cause you to stake more often if you have over 5K POT. It stakes more often because it divides up each stake into a max of 5 thousand coins instead of 2 million. This will not increase your staking reward. It should average to be about the same as the official wallet. This version also implements a fix for allowing outputs to merge even if they're from the same transaction as the staked output. It does not include support for uPNP. I may compile in support for uPNP at a future date if time permits. Source: https://github.com/CartmanSPC/PotcoinDisclaimer: USE AT YOUR OWN RISK. DO NOT HOLD ME RESPONSIBLE FOR ANY LOST COIN. Very nice... Any chance you can compile one with the split set to 1k? I want to try something. I am going to see if I can goose the network every few days and get back some of the blocks we have been short  Sure....ultimately it would be nice if we could have this user selectable. If anyone knows of any coins that have this feature let me know...will see how hard it is to implement. |
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Here is a version of the Potcoin Windows wallet that reduces the max split from 2 million to 5 thousand: potcoin-08.7.2-win32-5Kv2.zipThis version will cause you to stake more often if you have over 5K POT. It stakes more often because it divides up each stake into a max of 5 thousand coins instead of 2 million. This will not increase your staking reward. It should average to be about the same as the official wallet. This version also implements a fix for allowing outputs to merge even if they're from the same transaction as the staked output. It does not include support for uPNP. I may compile in support for uPNP at a future date if time permits. Source: https://github.com/CartmanSPC/PotcoinDisclaimer: USE AT YOUR OWN RISK. DO NOT HOLD ME RESPONSIBLE FOR ANY LOST COIN. |
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To keep the original CasinoCoin account clean I decided to create this separate account to post, and will be attempting to remove any unuseful posts from the original account since I made quite a few over the years that were unrelated to the development of CasinoCoin (proof last line of the original post).
I'm almost done the new website(Just getting back into study mode so ill have some down time to finish it up in the next few days) and will add GoldSeal to the github REPO in a few days to see what he thinks, but there has been several other issues addressed that need to be taken care of.
The main issues are the DNS seeds currently that need to be fixed, my seed is currently offline(csccity) so any other dedicated seeds please post.
Going to roll through the posts ive missed now to see about anything else! Please direct PMs to this account as the notifications go to my personal email now so ill be seeing them daily instead of checking periodically with the main account.
Good you're back again! If there is renewed serious interest in moving this coin forward i think we should put some most basic and important things in a 'foundation like' structure where costs are being funded by the community and several people are in the lead and have access to the most important items. Things that should be controlled by the foundation would be: - Source Code Repository - DNS records and seed management - Foundation website That would be the only way to protect the public interests of CSC and take of the financial burden of the shoulders of a few. With all due respect but having control in the hands of one person is very dangerous, we all saw what happened when Transcoder disappeared from the face of the earth! I'm down with creating a group to manage the coin. Who would be interested in joining? We also have the opt-in mailing lists for announcements, twitter accounts, etc etc I volunteer to have GitHub admin rights. |
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It probably shouldn't have done that extra split below 5k, I am at a loss as to whats going on. Guess we will have to just watch and see how far it takes it.
Ninja edit: Maybe you left out a 0? Told it to split to 500 instead of 5k?
int64 nStakeCombineThreshold = 2000000 * COIN; changed to int64 nStakeCombineThreshold = 5000 * COIN; We'll see if it keeps splitting. Back to the discussion as to what we need this number to be permanently I suppose the number we select will determine how often it stakes (not to be confused with how MUCH it stakes). Since the number of staking blocks is currently on the low side it is advantageous to have more to keep the blockchain going at it's intended rate but....as more coins start staking having too low of a number will increase the difficulty and increase the chance of orphans. Someone mentioned that there are POS coins that allow you to specify this number in the client? Send me a list of those coins and I can take a look at integrating that code into the Potcoin wallet (no promises!). Without having looked at the Potcoin source code I don't know how much help I will be but there was a similiar issue with the Clams wallet that was solved by BTCtalk user dooglus. Basically the problem was the nStakeCombineThreshold was being ignored if two outputs were from the same transaction. e.g. if the value of nStakeCombineThreshold is 5000 and you have an output at 8000 that splits into two 4000 outputs, it will split them again even though they're below the threshold. It was solved by allowing outputs from the same transaction to recombine. I don't know if this is the problem here but seeing the code posted reminded me about it. There was some discussion about it in the Clams thread at the time but I found this on Github that talks about it: https://github.com/nochowderforyou/clams/issues/20Nice find! Potcoin may be experiencing the same issue. I submit these lines of code as comparison: https://github.com/dooglus/clams/blob/58f3bbbc0607208dfae718a9f75f20974a64ee6a/src/wallet.cpp#L1734https://github.com/potcoin/Potcoin/blob/44cb0b1ddbb6481b1da8d0ebd52513681badfe21/src/wallet.cpp#L1671Which coin is POSv based on? Would like to look at that source as well. Thanks again Chronikka! After reviewing I believe this fix would be beneficial to have in Potcoin. It better combines outputs faster. Will review again with a fresh set of eyes tomorrow and if it still looks good create a new version of the wallet with this code. Will be hard for me to see it's effects with my two personal wallets as they will have already gone through the combining process....unless I use the official wallet version on them for a bit to allow my coins to combine larger and then use the 5K version to bring them back down. That will take time. Most likely will do this.... |
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It probably shouldn't have done that extra split below 5k, I am at a loss as to whats going on. Guess we will have to just watch and see how far it takes it.
Ninja edit: Maybe you left out a 0? Told it to split to 500 instead of 5k?
int64 nStakeCombineThreshold = 2000000 * COIN; changed to int64 nStakeCombineThreshold = 5000 * COIN; We'll see if it keeps splitting. Back to the discussion as to what we need this number to be permanently I suppose the number we select will determine how often it stakes (not to be confused with how MUCH it stakes). Since the number of staking blocks is currently on the low side it is advantageous to have more to keep the blockchain going at it's intended rate but....as more coins start staking having too low of a number will increase the difficulty and increase the chance of orphans. Someone mentioned that there are POS coins that allow you to specify this number in the client? Send me a list of those coins and I can take a look at integrating that code into the Potcoin wallet (no promises!). Without having looked at the Potcoin source code I don't know how much help I will be but there was a similiar issue with the Clams wallet that was solved by BTCtalk user dooglus. Basically the problem was the nStakeCombineThreshold was being ignored if two outputs were from the same transaction. e.g. if the value of nStakeCombineThreshold is 5000 and you have an output at 8000 that splits into two 4000 outputs, it will split them again even though they're below the threshold. It was solved by allowing outputs from the same transaction to recombine. I don't know if this is the problem here but seeing the code posted reminded me about it. There was some discussion about it in the Clams thread at the time but I found this on Github that talks about it: https://github.com/nochowderforyou/clams/issues/20Nice find! Potcoin may be experiencing the same issue. I submit these lines of code as comparison: https://github.com/dooglus/clams/blob/58f3bbbc0607208dfae718a9f75f20974a64ee6a/src/wallet.cpp#L1734https://github.com/potcoin/Potcoin/blob/44cb0b1ddbb6481b1da8d0ebd52513681badfe21/src/wallet.cpp#L1671Which coin is POSv based on? Would like to look at that source as well. |
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It probably shouldn't have done that extra split below 5k, I am at a loss as to whats going on. Guess we will have to just watch and see how far it takes it.
Ninja edit: Maybe you left out a 0? Told it to split to 500 instead of 5k?
int64 nStakeCombineThreshold = 2000000 * COIN; changed to int64 nStakeCombineThreshold = 5000 * COIN; We'll see if it keeps splitting. Back to the discussion as to what we need this number to be permanently I suppose the number we select will determine how often it stakes (not to be confused with how MUCH it stakes). Since the number of staking blocks is currently on the low side it is advantageous to have more to keep the blockchain going at it's intended rate but....as more coins start staking having too low of a number will increase the difficulty and increase the chance of orphans. Someone mentioned that there are POS coins that allow you to specify this number in the client? Send me a list of those coins and I can take a look at integrating that code into the Potcoin wallet (no promises!). Without having looked at the Potcoin source code I don't know how much help I will be but there was a similiar issue with the Clams wallet that was solved by BTCtalk user dooglus. Basically the problem was the nStakeCombineThreshold was being ignored if two outputs were from the same transaction. e.g. if the value of nStakeCombineThreshold is 5000 and you have an output at 8000 that splits into two 4000 outputs, it will split them again even though they're below the threshold. It was solved by allowing outputs from the same transaction to recombine. I don't know if this is the problem here but seeing the code posted reminded me about it. There was some discussion about it in the Clams thread at the time but I found this on Github that talks about it: https://github.com/nochowderforyou/clams/issues/20In theory, would it not look to recombine those smaller inputs at a future stake? For the time being the more blocks we can get staking the better for everyone. We want the difficulty high so that people stake less often but receive a larger payout when they do. ^ it recombined |
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It probably shouldn't have done that extra split below 5k, I am at a loss as to whats going on. Guess we will have to just watch and see how far it takes it.
Ninja edit: Maybe you left out a 0? Told it to split to 500 instead of 5k?
int64 nStakeCombineThreshold = 2000000 * COIN; changed to int64 nStakeCombineThreshold = 5000 * COIN; We'll see if it keeps splitting. Back to the discussion as to what we need this number to be permanently I suppose the number we select will determine how often it stakes (not to be confused with how MUCH it stakes). Since the number of staking blocks is currently on the low side it is advantageous to have more to keep the blockchain going at it's intended rate but....as more coins start staking having too low of a number will increase the difficulty and increase the chance of orphans. Someone mentioned that there are POS coins that allow you to specify this number in the client? Send me a list of those coins and I can take a look at integrating that code into the Potcoin wallet (no promises!). |
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My two quick stakes temporarily brought that address to #1 on cryptoid  It further split into amounts under 5K: https://chainz.cryptoid.info/pot/tx.dws?2099133.htmhttps://chainz.cryptoid.info/pot/tx.dws?2099143.htmWill make an announcement post later as I have other commitments at the moment. Quick question...how do I get my trust level up here on BTCTalk? Maybe it would put people at ease using this version of the wallet? Edit: I can make available other version of the wallet with amounts different than 5K as that may be too low once more people start staking. We still need to find a good number to use before I submit a pull request to the main code. 100K? |
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Just launched and unlocked my wallet running the 5k "mod". I have 2 balances in this particular wallet, 21k+ and 100k+, it will likely split them both in half and keep doing so every time it stakes until we hit the 5k+ chunks.
I will leave it unlocked and staking for the next day or so, let the "splitter" do its thing.
Just launched my 10K wallet that had staked once already with the 5K version of the wallet. It just staked twice with two 5K blocks! I originally didn't think it was working since the first stake took the entire 10K but it required that first stake to start splitting it up. Going to test with my 100K wallet now... |
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Based on your test and the link you provided, YES, it will do what we want . I let my addresses stake a few hours ago so I can't "test" this wallet until they mature, I will launch it sometime tomorrow and let it stake. Great, I hope so! I am currently testing it with a ~10K wallet before I try it on a much larger one. |
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Potcoin 08.7.2 Windows wallet that reduce the max split from 2mil to 5K:
Potcoin-08.7.2-win32-5K.zip
This will break up your staking amounts from a max of 2mil to a max of 5K causing you to stake more often. It should NOT make you stake more coin over time but will help the network move along without having to divide coins manually into different addresses.
I personally think 5K is too small but like rdyoung said...it will kick the network into gear. We still need to determine a good value to use. Have 100K in mind at the moment.
Using the strikeout quote as my template when/if the new 5K wallet version is released. Can someone take a look at this transaction and see if it is doing what we want? https://chainz.cryptoid.info/pot/block.dws?1007224.htmIt took the full amount (10K) and outputted it in 5K chunks (as designed) but still putting the whole 10k as staked. I do not think this is what we want as it is not increasing the number of stakes....just splitting the outputs into 5K chunks. Yes, that is what we want. We want more chunks of coins trying to stake. It is working as designed, the split works just like the combine only in reverse. Look at my personal address from when staking started, here is the first stake for that address https://chainz.cryptoid.info/pot/tx.dws?2029474.htmNotice that the total in and out are the same because it combined them, the split does the same thing. Give me a DL link and I will start using it asap. I still don't quite think it will work as we want but here is the download: https://mega.nz/#!b8JnVawC!4gRb-cztKLcDtHiIOEFTg5iPo_iQynrGr51nptxM-aQ Everyone else....please do NOT use this until rdyoung tests. Please do NOT hold me responsible for loosing coins if ANYTHING undesirable happens. This version simply changes the value of nStakeCombineThreshold from 2mil to 5K....to the best of my knowledge it is safe but I would hate to see anyone lose coin because of an oversight. Like I said...I do not think it will do what we want but am making it available to test. |
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Potcoin 08.7.2 Windows wallet that reduce the max split from 2mil to 5K:
Potcoin-08.7.2-win32-5K.zip
This will break up your staking amounts from a max of 2mil to a max of 5K causing you to stake more often. It should NOT make you stake more coin over time but will help the network move along without having to divide coins manually into different addresses.
I personally think 5K is too small but like rdyoung said...it will kick the network into gear. We still need to determine a good value to use. Have 100K in mind at the moment.
Using the strikeout quote as my template when/if the new 5K wallet version is released. Can someone take a look at this transaction and see if it is doing what we want? https://chainz.cryptoid.info/pot/block.dws?1007224.htmIt took the full amount (10K) and outputted it in 5K chunks (as designed) but still putting the whole 10k as staked. I do not think this is what we want as it is not increasing the number of stakes....just splitting the outputs into 5K chunks. |
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24h volume is 15.0 BTC. High 0.00001499 BTC Low 0.00000221 BTC Had (small) trades execute that had been sitting for over a year Edit: ...and the profit takers have come out  24h volume is now 17.5 BTC. We haven't seen a higher volume since May 5th, 2014. It has brought some dumpers out of the woodworks. Seems to be staying above 0.00000500 with a 3.8 BTC buy and below 0.00001500 with a 34.5 BTC sell...hehe interesting. Edit: someone should update the topic subject! |
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24h volume is 15.0 BTC. High 0.00001499 BTC Low 0.00000221 BTC Had (small) trades execute that had been sitting for over a year Edit: ...and the profit takers have come out |
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Yes, someone buying it up...trying to crack that 34.5 BTC wall at 0.00001500
Makes you wonder...
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who cares who gave birth to potcoin as long as she has a roof over her head, gets fed daily and has lots of friends. Potcoin is based on bitcoin. It shares more code than not. Reason why I asked which version it was based on (I was being lazy) was to determine the correct dependencies to compile Potcoin POSv (for Windows..I already released the unix version) with a lower nStakeCombineThreshold. Sorry it got off topic with someone saying it is not based on bitcoin. Since it is based on an older version of bitcoin I have to do additional work. Also, sorry it is going so slow but I am doing this in my spare time. I was thinking of having various versions with different nStakeCombineThreshold values so we can determine the best number to use before I submit a pull request to the main code. Right now I am leaning towards 20K. |
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What version of Bitcoin is Potcoin based on? 0.9.4? 0.8.6? I know it's not 10+ (going to try and compile for Windows) Edit: Looks like 0.8.6 based on syntax "mingw32-make -f makefile.mingw" command to compile  |
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