March 12, 2015
CONdate
I need to raise 0.7 btc immediately for a large update, if I can gather the amount by Friday, it will be finished by Sunday. Some people just add 1 feature, I've got 10!RPC calls (command line help items) getmoneysupply (nHeight) - view the money supply by blockheight Moneysupply - view money supply growth information. Setsplitthreshold - set your stake split threshold and gain more stake Getsplitthreshold - view your threshold limit Addnode - add nodes on the command line Getaddednodeinfo - information about added nodes Rescanfromblock (nheight) - rescan backups from a certain height Deleteaddress - delete old addresses Stakeforcharity - Set a percent of your stake to be sent automatically to any address Bug fixes and improvements Better stake estimation Added blocks by weight to coin control Fix of volume in statistics to read as accurate money supply Gui features Windows and Mac wallet rebuilds Minimum fee will be increased to 0.05 Coins per transaction and this will require a hardfork. This change will make it comparatively expensive to send a lot of transactions but will also increase the proof of stake reward as all fees are paid to stakers. |
|
|
|
You can ask for help in the services section. Few people I have heard who are good with developing altcoins are, loljosh and Valzador, both of whom have threads in the services section.
I've had loljosh help me a bit, always went out of his way to help even after being paid and helped me with a few things for free. He's got good prices too. |
|
|
|
 If I have seen the sun come up in the east, traverse the sky and gradually disappear in the west enough times to pick up on a pattern does that mean I am somehow wanting the sun to fail if I predict that the sun will go down? NO? Same thing goes for spotting an obvious scam and knowing what is most likely going to happen, regardless of what the person pulling the scam wants to say. What passes for logic with these hopelessly lost idiots is truly baffling. I think you had better have mommy check your Spiderman underpants,Morris, I suspect there is some poopies in there making you uncomfortable. I don't think they really understand that they would benefit more by investing their time into something that benefits everyone equally rather than giving all your money to some guy to use as his personal piggy bank and just keeps people hanging on until they do the work for him. If they pooled $1000 they could create a better Coin, hell you could do it for $300  |
|
|
|
Referring to the interesting discussion above, i would like to add to this conversation. A good currency must be durable, portable, divisible and have intrinsic value. Bitcoin and most cryptocurrencies achieve this, however some of the things you have suggested would make the currency less durable and portable. There are very good reasons for these fundamental economic principles we should not ignore them. It seems like some of these suggestions are aimed at attempting to control the free market, for all of its faults it is a free market we must operate in. Furthermore i also think that anything above 2% proof of stake would be to much inflation, there are again good reasons why 2% is a sweet spot for inflation. I still think that reducing the POW reward by introducing an emission curve is the best way to decrease inflation for the time being at least. Some very interesting ideas here though and its definitively good to think outside of the box, so keep the good ideas flowing, it was definitely an interesting read.  POW/POS with a very low POW emission reward is a risk of attack, all POS Blocks can be shunted so that it can be POW only and then double spent, this attack was performed on MintCoin march of last year. Interesting, what would you then suggest to be a better solution for decreasing inflation instead? Would this still be a problem if we did a block halving once a year for instance? Since that would not be as much of an extreme reduction of POW at least. Well Kingscrown was rather rude to me over a small request and he wants to be dev so even this much is more than I care to help so I wish you guys all the best. |
|
|
|
Hey I'm currently without connection to the Internet but working on a CONdate for you guys. Remember that this is your Coin too so work on customizing and improving your wallet helps you and everyone else, candlesticks has the right idea with his changes to his icons and that is the first step in being your own developer. It is less important what is added so long as there are things being added to the Coin. Everyone has their own strengths and it takes more than one person to build a Goliath. It doesn't matter if something is real, fake or just a joke because ideas inspire new ideas and a joke that can run for long enough can become something real. Welcome to PayCon where anything goes |
|
|
|
Crestington, I sent you another personal message!
Yeah I saw it, sorry I have been working on coding and a persistent bug of converting int64 and int64_t to get past where I was at. |
|
|
|
Get your CON on!!, how about a con market ?
We've got 3 so far, C-Cex, Cryptopia, and YoBit but looking to add more markets and extend the reach, I'm not sure if that answers your question though. |
|
|
|
Can we collect 6 Bitcoins to add to bittrex? It should be 29 people willing to donate 0.2 Bitcoin.
In a sane world, exchanges will list your coin based on genuine public demand. Are you really in that much of a hurry to be, yet another one of mudder's bagholders ? We don't live in a sane world, the world revolves around money, if Mudda still has his Coins then they are also devaluing by not Staking so it's not an issue, still waiting for your glorious VeganCoin but I guess fudder's fud for things in which they cannot do themselves.... |
|
|
|
Referring to the interesting discussion above, i would like to add to this conversation. A good currency must be durable, portable, divisible and have intrinsic value. Bitcoin and most cryptocurrencies achieve this, however some of the things you have suggested would make the currency less durable and portable. There are very good reasons for these fundamental economic principles we should not ignore them. It seems like some of these suggestions are aimed at attempting to control the free market, for all of its faults it is a free market we must operate in. Furthermore i also think that anything above 2% proof of stake would be to much inflation, there are again good reasons why 2% is a sweet spot for inflation. I still think that reducing the POW reward by introducing an emission curve is the best way to decrease inflation for the time being at least. Some very interesting ideas here though and its definitively good to think outside of the box, so keep the good ideas flowing, it was definitely an interesting read. POW/POS with a very low POW emission reward is a risk of attack, all POS Blocks can be shunted so that it can be POW only and then double spent, this attack was performed on MintCoin march of last year. |
|
|
|
Can we collect 6 Bitcoins to add to bittrex? It should be 29 people willing to donate 0.2 Bitcoin.
It's 3 BTC, much cheaper and I'm down for that. I have some spare BTC and CON to put towards it, I can donate 0.2 BTC for it and we can also see if we can gather some CON as a small sale at a slightly higher rate over the market price? Would be good to also be able to give the potential ROI. On a side note, there is also a few updates I would like to finish off before we get on Bittrex, specifically a revision of the minimum fee. I've been thinking about increasing the minimum fee to 0.02-0.05 CON and the reason for that is to make it comparatively expensive to send a lot of transactions and all fees go to Stakers so it would also increase the rewards for holders. If we get on Bittrex then we can also sign up for Hamuki's Multipool service and so then every time Coins have been POW mined, sent to the exchange, traded for CON and paid out to miners, that would add to both to the buy pressure and the POS rewards. If for example the fee was 0.05 Coins, that sounds expensive but you can already Stake with 500 CON or less and to Stake 30 Coins when you might only spend 0.5 Coins at most if you just have 10 Blocks to combine (plus they combine and split for free when you Stake anyways) so even to Stake once you would gain more Coins than the minimum Fee but also may Stake a few extra Coins of other peoples Fees. Now I have also been thinking about the high end of it, what if CON was worth $5 a Coin, and the fee were 0.05 CON that would mean that each transaction would cost 25 cents to send, but also since there are approximately 43,200 new Coins a day being Staked, that would also mean that there is $220,000 in sell pressure from holders every day, and if it were also that big and worth that much, then the transactions fees alone would probably add another $100-150k worth of Coins in sell pressure so there would probably be an upper limit to how much each Coin could ever be worth. At what point do you guys think the Fees would also match the sell pressure in that Fees can also be a good source of income without limiting the ability to trade? I'm thinking that 0.02-0.05 Coins would be ok and even 0.05 Coins wouldn't be terribly restrictive, worst case would be if you had a large amount and were combining 2000 Blocks to send to an exchange well you might pay 100 Coins but you were probably also generating some 2-3K CON a day anyways. Would like to get a bit of discussion going on improvement of the Fees, please post your thoughts |
|
|
|
Hi ,I have a problem. I withdraw my Paycoin from C-CEX to www.coinhey.com yesterday . But i have not receive it now  History is : -20000 CON to PJnu9U13zXz1HSbxLSREGV65fQrHgcw47P (9ddc6db889ac5a8f843b4da97436820281f8655cf13475cb36790a470b306ca4) Could anybody tell me why ? You did not read the warning on the OP? Hmm, I figured that would be enough to deter people from using it. I think is better to have it listed there with the warning rather than to have people stumble upon it? I made the warning a little bigger, maybe I should remove it completely? I don't really like seeing people lose money to stuff like that. |
|
|
|
Ok so we need to implement a new stringency on coin.
Here is the plan, lets brainstorm this for Excl and Kingscrown.
Excl could implement special Exchange addresses for the coin. Maybe selling to BitCoin burns a portion of Excl back into PoS as it enters the exchange in a network Fee.
Inside each wallet we need a function, the Coin Age will not only be determined for PoS but also from an Exchange wallet. This will extrapolate more PoS for coin that stays away from Exchanges. Merchants will be burning coin yes, but they are the reason we use Excl to buy things with. We are safeguarding the money supply from a constant recycling of money at exchanges and simultaneously there will be less coin in circulation if people just keep selling for profit. Eventually making people who hold Excl more money in the long run and if Merchants decide to hold because of this then they complete the stability. These same people who hold now have the advantage in PoS. Freshly minted coin sent to an exchange will not burn Excl since selling needs to occur for people to buy in.
However this type of scenario works out best after we try to Game it and Test the theories then that is the direction needed.
Merchants holding a portion of their Excl make a better profit long run for themselves, it is like playing a stock while making their living. If you create worth by holding and not selling and you can trade for things you need then it may grow exponentially. At that point people will begin to value it more and hold even further.
Things to think about is a new way of dealing with PoS coin at this point. If that PoS coin can not be used until it is bought at the exchange then that is another base to build from. Maybe the buying of the Excl from BitCoin releases the Excl inside the PoS wallet into the exchange. So if no one is buying at a price the Merchants (or anyone for that matter) agree with, the PoS coin stays locked but synced in line of age. Since Excl will not be sold for less than a merchant needs to get out from in order to stay in business and be profitable! So you enable a line behind the merchants sort of. It would be like delineating freshly minted money so that it will not compete with Merchant liquidity. Something to that effect. The standards have to be setup since it is obvious Merchants need Liquidity, so allowing for that, also helps their stability and makes them not have to compete as much for that liquidity. People who buy in would be sold the new coin people who sell out burn a large portion coming into the exchange? This is drastic but it would show an equilibrium and boost the price of the coin close to BitCoin. People could then keep perpetual Excl in the exchange I think as long as it doesn't leave again it is not hit with a fee.
There needs to be a magic ratio here. So that merchants/profiteers/daytraders/whales sell Excl to BitCoin. As soon as the funds hit the exchange wallet they are marked for Burning and the new coin is what is sold to the buyers, there will be less new coin always.
I may have convoluted some of the aspects but again make the ideas work. Having that function in the wallet would be automatic, then any fees going into exchanges even if there is none coming out of exchanges, gets burned into new PoS. Every aspect has to compliment each other.
If we can make this theory work, suddenly you have just stabilized your economy and Merchants may be glad to hold and even buy Excl since they see the stability of it as an investment. The more people talk about it the more it would spread and the buys to get in would overwhelm the sells since most hold and only Liquidity or marginal profit takers leave.
Lets just keep brainstorming the hell out of this...
I love the fact you are thinking outside the box here. Going to need to find a bit of time to really read what you have written (needs some brain power to process). However I wanted to post a quick reply to thank you for this kind of forward thinking ... Great! Thanks, I hope it makes sense as I wrote it on the fly. I was trying to mimic my idea earlier in the thread in order to sustain Merchants by backing their Stock with real money. But this may work better in the long run since we don't know who real merchants are and anyone selling just to profit is detrimental to any coin. People want coin values to go up so they can sell out creating no worth, most idealistic people just don't want to deal with banks and credit card fees and the entanglements of banking in general. They desire a sturdy currency though. BitCoin isn't even stable since the same fluctuations are always there. If the coin PEG's to the dollar though it could work, but people won't buy something that was made out of thin air when they can't use it to fill up their gas tank... Creating a way that the coin constantly raises value while making it detrimental to get out is the best way I can think of stabilizing Excl. The only other way would take complete trust by the exchanges and the Dev. Accept BitCoin as a backing, IPO the coin, then take that money from the IPO and put it on a buy wall. It could value at BitCoin value exactly, and only as much as was sold. It just has to stay as a Buy Wall eternally or until sold out. If everyone sells out of the Coin the buy wall disappears. Then the coin is set by demand but people would actually know how much coin is available, then people who want to get in must buy from the Sell wall at whatever price the IPO buyers desire creating a margin of worth, meanwhile they know they can always get their money out by selling to the Buy Wall. This enables the Merchants to have liquidity and know that the coin is backed by real money. It would also PEG to BitCoin since the IPO is in BitCoin. But this is all based on Trust of the Dev or those in charge! This is why it always fails! But maybe not this time? This is easier achieved with Proof of Stake only and Fees going to Stakers. POW miners will always dump and so always hurts the price, however you can also treat POS similar to POW and all POS Blocks are a fixed rate, that would give you a set amount of inflation per day that Stakers compete over and if you are not Staking then Stakers gain more reward and if the Fee is high enough, all trade also adds a small portion to Stake reward and all you would have to do is measure at which point the Fee would begin to make it too expensive along with the Stake reward, then if people dump they lose Coins and take Coins away from Staking, holders win. Ok so the Transaction Fees go to the Stakers too. Yeah this was alluded to in my scenario since the coin sold was burned and the buyer gets newly minted coin from the exchange wallet which has less ability to gain PoS. Your idea still allows plunder in the markets though, unless you meant taking my plan into account within your suggestion. The fact that people sold means someone bought their coin cheaper and now devalue the rest of the coins waiting for someone else to buy in now higher to move the price up. You see the manipulations in AltCoins all the time. People selling to themselves to boost the prices, exchanges can't control this nor can the devs. If Excl could create a service based on the coin that costs real money normally to participate then this would be a substantial way to stabilize. I think VPN security for computers would be a good idea. If there were a way to emulate a service like Hide My Ass and use real funds to create it physically. But that would need investment or just start small and put it on a decent service. Then as more users buy in monthly they have the option to use Excl to pay for the service, then they would have to buy at market prices. The Key idea is to keep the speed of the VPN high to make it viable. Well, with PayCon the Proof of Stake rewards is always 30 Coins in all Blocks, Blocktime is 1 minute, minimum age is 2 days, maximum age is 14 days, growth in Coins a day is 43200 and yearly growth of 15.7 million. The current Money supply is 4 million but in a year from now there will be 20 million, who get's that 16 million of Stake?? If all Blocks pay out the same then the size of your Block only helps determine when you would Stake, if you have all your Coins in one Block then you would Stake early and still only get a reward of 30 Coins, the amount of Coins you would get per day would be proportional to the amount you own, number of Blocks you have Staking on the network versus the total network weight. This means if everyone has their Coins on the exchange, they aren't Staking and everyone else is getting a larger portion of the generated Coins. If you aren't Staking you are losing out on your % vs the total money supply but if you are Staking, you are also gaining the amount that everyone else is not Staking. I find that a fixed rate of inflation is more beneficial as you aren't battling compounding hyper-inflation but I think as you would head into the higher values that you would see an upper limit, say if it were worth $5 a Coin, then you'd have some 225K sell pressure so I've been thinking a lot about also increasing the Fees to match and that would also add to the rewards for Staking, increase competition a little. |
|
|
|
Dude I think in just a couple days the price will be at 4ksat at least.
Yeah we should get everyone helping out that we can, I've been focusing more on the code front but all promotion helps price. Also, don't be shy and come over to http://paycon.slack.com it's like Skype on steroids and you can always reach me there. Is it good to trade CON at coinhey? Are they worth it? I think CoinHey is a trap to steal your BTC, all the volume on their charts are 0.1 CON which would be like 100 satoshi so their daily trading volume on their charts be like 1 penny but their buy orders are set above market price. |
|
|
|
Ok so we need to implement a new stringency on coin.
Here is the plan, lets brainstorm this for Excl and Kingscrown.
Excl could implement special Exchange addresses for the coin. Maybe selling to BitCoin burns a portion of Excl back into PoS as it enters the exchange in a network Fee.
Inside each wallet we need a function, the Coin Age will not only be determined for PoS but also from an Exchange wallet. This will extrapolate more PoS for coin that stays away from Exchanges. Merchants will be burning coin yes, but they are the reason we use Excl to buy things with. We are safeguarding the money supply from a constant recycling of money at exchanges and simultaneously there will be less coin in circulation if people just keep selling for profit. Eventually making people who hold Excl more money in the long run and if Merchants decide to hold because of this then they complete the stability. These same people who hold now have the advantage in PoS. Freshly minted coin sent to an exchange will not burn Excl since selling needs to occur for people to buy in.
However this type of scenario works out best after we try to Game it and Test the theories then that is the direction needed.
Merchants holding a portion of their Excl make a better profit long run for themselves, it is like playing a stock while making their living. If you create worth by holding and not selling and you can trade for things you need then it may grow exponentially. At that point people will begin to value it more and hold even further.
Things to think about is a new way of dealing with PoS coin at this point. If that PoS coin can not be used until it is bought at the exchange then that is another base to build from. Maybe the buying of the Excl from BitCoin releases the Excl inside the PoS wallet into the exchange. So if no one is buying at a price the Merchants (or anyone for that matter) agree with, the PoS coin stays locked but synced in line of age. Since Excl will not be sold for less than a merchant needs to get out from in order to stay in business and be profitable! So you enable a line behind the merchants sort of. It would be like delineating freshly minted money so that it will not compete with Merchant liquidity. Something to that effect. The standards have to be setup since it is obvious Merchants need Liquidity, so allowing for that, also helps their stability and makes them not have to compete as much for that liquidity. People who buy in would be sold the new coin people who sell out burn a large portion coming into the exchange? This is drastic but it would show an equilibrium and boost the price of the coin close to BitCoin. People could then keep perpetual Excl in the exchange I think as long as it doesn't leave again it is not hit with a fee.
There needs to be a magic ratio here. So that merchants/profiteers/daytraders/whales sell Excl to BitCoin. As soon as the funds hit the exchange wallet they are marked for Burning and the new coin is what is sold to the buyers, there will be less new coin always.
I may have convoluted some of the aspects but again make the ideas work. Having that function in the wallet would be automatic, then any fees going into exchanges even if there is none coming out of exchanges, gets burned into new PoS. Every aspect has to compliment each other.
If we can make this theory work, suddenly you have just stabilized your economy and Merchants may be glad to hold and even buy Excl since they see the stability of it as an investment. The more people talk about it the more it would spread and the buys to get in would overwhelm the sells since most hold and only Liquidity or marginal profit takers leave.
Lets just keep brainstorming the hell out of this...
I love the fact you are thinking outside the box here. Going to need to find a bit of time to really read what you have written (needs some brain power to process). However I wanted to post a quick reply to thank you for this kind of forward thinking ... Great! Thanks, I hope it makes sense as I wrote it on the fly. I was trying to mimic my idea earlier in the thread in order to sustain Merchants by backing their Stock with real money. But this may work better in the long run since we don't know who real merchants are and anyone selling just to profit is detrimental to any coin. People want coin values to go up so they can sell out creating no worth, most idealistic people just don't want to deal with banks and credit card fees and the entanglements of banking in general. They desire a sturdy currency though. BitCoin isn't even stable since the same fluctuations are always there. If the coin PEG's to the dollar though it could work, but people won't buy something that was made out of thin air when they can't use it to fill up their gas tank... Creating a way that the coin constantly raises value while making it detrimental to get out is the best way I can think of stabilizing Excl. The only other way would take complete trust by the exchanges and the Dev. Accept BitCoin as a backing, IPO the coin, then take that money from the IPO and put it on a buy wall. It could value at BitCoin value exactly, and only as much as was sold. It just has to stay as a Buy Wall eternally or until sold out. If everyone sells out of the Coin the buy wall disappears. Then the coin is set by demand but people would actually know how much coin is available, then people who want to get in must buy from the Sell wall at whatever price the IPO buyers desire creating a margin of worth, meanwhile they know they can always get their money out by selling to the Buy Wall. This enables the Merchants to have liquidity and know that the coin is backed by real money. It would also PEG to BitCoin since the IPO is in BitCoin. But this is all based on Trust of the Dev or those in charge! This is why it always fails! But maybe not this time? This is easier achieved with Proof of Stake only and Fees going to Stakers. POW miners will always dump and so always hurts the price, however you can also treat POS similar to POW and all POS Blocks are a fixed rate, that would give you a set amount of inflation per day that Stakers compete over and if you are not Staking then Stakers gain more reward and if the Fee is high enough, all trade also adds a small portion to Stake reward and all you would have to do is measure at which point the Fee would begin to make it too expensive along with the Stake reward, then if people dump they lose Coins and take Coins away from Staking, holders win. |
|
|
|
Dude I think in just a couple days the price will be at 4ksat at least.
Yeah we should get everyone helping out that we can, I've been focusing more on the code front but all promotion helps price. Also, don't be shy and come over to http://paycon.slack.com it's like Skype on steroids and you can always reach me there. |
|
|
|
CON was pumped to over 0.00001999 BTC!!  Sincerely PumpCrypto Wow, what a crazy day for CON! Looks like big things are surely going to be announced in a pre-announcement regarding any past announcements in a timely and orderly fashion. Price per CON: 0.00002000-BTC total: 1.52180964 ~1.5 BTC to pump CON over 0.00001999 BTC again I remember it was less a few days ago, maybe 0.6 BTC, I think the pump rattled the sell orders out to play. |
|
|
|
CON was pumped to over 0.00001999 BTC!! Sincerely PumpCrypto Wow, what a crazy day for CON! Looks like big things are surely going to be announced in a pre-announcement regarding any past announcements in a timely and orderly fashion. |
|
|
|
It's hard to make specific deadlines, so many things can happen between now and the release date. Great job, keep up the good work and hope you get it up and running soon |
|
|
|
|
Maybe it's Josh pretending to be BITCOIN_BAR
|
|
|
|
PayBase is down! ZenMiners is down! Hashtalk is down! everybody panic!!!
|
|
|
|
|
Show Posts
