Nice to see an exchange, will move my chatbox orders over soon.
A real wall! 0.00000001 18939.12175649 0.00018900 Grab it before CFTC shuts it down. A wall so low I stubbed my toe on it! |
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Oh wow, that's got to be a record ROFL 48 hours and already on an exchange PayCon delivers! |
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Interested in this and following, I love Proof of Stake.
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Nice! Now we are decentralized. Oh, wait, PayCon SHOULD be centralized to one pool, lol. Minerpools needs to be in the OP. Done, activity picks up when I sleep. And by sleep I meant talking to major banks. Not little banks, big banks. Ticker symbol? Is CON taken? Not in any coin that I know of or is still around. I have added CON to the OP title and ann post. Nice Thumbs Up, and this coin is growing! Will not move my card from it.  This coin may do better then Paycoin!! lmao Hey, you never know. Irony is one of Gods greatest gifts. Someone should give me some PayCon, Hashrate is too high for me to mine it. |
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Stake is a minimum of 2 days and a maximum of 14 days at 50% a year, plus Fees
Fees set at 10,000 (or 0.001 coins)
Only thing I'm seeing here is that it might be better to have larger Fees to prevent Spam on the Blockchain, plus if you increase it, it increases the rewards through Stake.
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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,
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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 refinedThe 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 hereThe 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. |
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Mr. Anon muddafudda, I forgot to compliment you on the wallet, like the statistics, block explorer, and the social media. +1 Did you implement any thermonuclear technology into it? It would scare the shit out of my old lady.  Each user will be sent a flux capacitor to implement time travel. Hope this helps. Just checked the mail. USPS dropped off my flux capacitor this morning. Going back in time to buy btc when it was practically free. Will update. Flux capacitor CONFIRMED! I saw earlier in the thread where someone was willing to donate 2 x 2Mwatt generators. Out of curiosity, since we all know that this requires 1.21 Gigawatts, where did you come up with the additional power requirement?  Didn't you know, it runs on Plutonium! PayCon is going Nuclear  *Remember kids, PayCon may fail and drop steeply in price or it may do well, please do all research and only invest what you are willing to lose. |
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I created a commit as a preparation for a Hardfork for Reward Changes https://github.com/Crestington/Colossuscoin2test/commit/0b1528d76baef39ffda185d7f1ab910df7462b46The 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. |
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I'm telling you, a spoof can go much farther because you aren't making any promises.....
Already at nearly 2 Gigahash, fuck man this things pumping.
You guys should spam Bittrex to get it listed, should be pretty decent once it hits Proof of Stake
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OMFG HOW DID I MISS THIS!? $5 says that this is worth more than PayCoin  |
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Is it true that they were claiming they had partnerships with Walmart & Amazon?
They said that soon you would be able to use your pay coins at walmart and amazon. They put walmart, target, and amazon's logos on their website. Oh ... lol *grunt* this "community" Oh, also their logo for PayCoin is a registered logo of PaGo, a Point of Sale (POS) company. |
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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 |
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I am finding that when you see these massive amount of threads against something that it really is a good indicator of what NOT to do. Take Nubits for example, it only ever got good publicity and people were like "Wow, this is really cool"
I don't really invest in ICO's and launches, I bought a bit of VocalCoin for $80 and had the Dev run away on it but it actually looked pretty decent so I don't know why. Why does everyone insist on jumping legs first into every Coin launch? You have a huge potential of seeing serious issues in the code or it's rewards very early on in the life of a Blockchain.
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Bumped for updated OP and edited for clarity.
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I'm pretty sure that Satoshi was not Hal Finny or S.Boxx. Nick Szabo seems to be the one that comes up the most, I wonder if he knows.
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You know the copied logo isn't going to fly since it could be easily classed as misrepresentation because the GoPago is a Point OF Sale hardware and software business but could easily be mistaken that POS means Proof of Stake, that gopago is an affiliate of paybase and the technology is made for PayCoin. |
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I think you need to look at it from a Development point of view, all services, website design and updates cost money. Where does the money come from if say the Coin is POW only and relies on mining only?
If you look through every Coin the main problem is it has lack of funding because no one wants to donate continually to fund Development so then it should NEED to be slightly skewed so the larger holders a bit better than the smaller holders.
Bitshares actually makes sense to me, I don't own any but I might buy some later on.
It may be more centralized but there are also a lot of people that are really happy with the way it is going and has been very stable. I guess if you think it is too centralized then you should try to come up with some ideas of how to make it more decentralized and present it to the Bitshares community.
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I know an even better reason I immediately spotted in the article of why you shouldn't attend that conference I could probably host a conference on skype with several well known Bitcointalk forum members here for free and record it and you'd all probably learn more than going to that fucking thing for that much money.Actually you should do that, that's a really good idea..... |
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Zero Confirmation Transactions are not safe right now because a new transaction could be sent to be included in the block before the first transaction with a higher fee. I think in the future it will end up being made to be safe to accept zero confirmation transactions but you should stick to atleast 1 confirmation but more is better.
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