outside this forum i've been in groups experimenting alot and developing and improving on pos.
Then prove it. |
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with the pos staking weighted the way tis, the largest wallets will have a much greater probability of finding blocks and therefore their % of coins owned will always increase while smaller holders % of supply will always decrease........the ultimate in the rich getting richer  so any suckers buying in a small holding will ultimately lose out to the larger holders. not that i don't think finding set block by pos isn't a way forward, just in this design its a fail. nope nope what? nope you can't read? nope you forgot your toothbrush? or nope your probability of finding a block isn't your weight v network weight? Sour grapes Nope about this "not that i don't think finding set block by pos isn't a way forward, just in this design its a fail." It is actually a good design.You need to think about it instead of just saying things. Tell me what you don't like. You don't like that blocks are found with pos 2.0 algo which is much more secure. or you don't like that the rewards are like mining rewards. I do not see why you are arguing about people with more coins will find more blocks. The reason they find more blocks and the reason they deserve to find more blocks is because they have a bigger stake in this and they will not want their coins to lose value by doing bad things. Proof of stake is a form of mining. Blocks rewards are here to give people an incentive to process transactions. When they find a block they get paid for it. Think of it as the payment protocol that it is. And not as the get rich quick scheme that you want it to be. not sour grapes at all just explaining reality of it, hey I could go buy up a huge stake and play the winning the most pos stake myself, so it isnt sour grapes. just stating to small players with personal weight vs network weight the way the pos block are mined that those with the larger stakes over time will increase not just their coinage but there overall % of the network which in turn will make the probability of mining a new block increase..u can see where that goes overtime....while smaller players the opposite effect. whether u think thats ok, thats life, doesn't make me wrong and small holders will lose out with this coin....just reminding people as 99% of this forum really suck at simple math. hey i don't hate pos being used to find blocks, i think its a great idea, just has to be thought out better, bitbean tried days of the largest stakers turning off as some way of making up for it, but yeah token effort at best. Kelsey, you seem to have no clue as to how POS 2.0 works, so here's an interesting read for you: http://blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdfLdoge is a very good implementation of pos 2.0, so if what you're trying to do is fud for whoever hires you and get some cheap coins... Good luck  |
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Dev: Kudos on such an incredible POS design, first time i see this on any coin.
This stakes like a champ and POW coins will be a lot less than what most of us thought, we're closing to block 3k already.
Great job!
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When does LDOGE add to bittrex or cryptsy  It just launched a couple hours ago.. give it time. Lol, not even the first block has been confirmed yet, right now all you can do to obtain Ldoge is to mine some |
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is there anything I need to do to get the staking to work on gui less wallet(Linux). Such as add stake=1 into the conf file after a bit..
Best regards
d57heinz
staking=1 in your litedoge.conf file then launch the wallet. |
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Good launch dev, and thank you miners! Hash is spread out amongst the top pools, hadn't seen this in a while.
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Alright, attack mitigated, all hashes and blocks kept going in during the attack.
Happy mining !
i'm still on your pool, almost finished at office, after driving back home i will watch the status again. Normally i am always active at suprnova, but ofc everybody should get a try  Glad to know man, sorry for the small downtime there. Supr is a great pool as well, he's been here since it all started anyway. |
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Alright, attack mitigated, all hashes and blocks kept going in during the attack.
Happy mining !
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bleh pools sucks like hell, i need suprnova.cc
minerpools is not even possible to visit haha,
minerpool is not good workin with many hash. pool not load( My pool can take lots of hashes, but someone's ddosing it now. |
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Wow, we're being DDOS'd now, mitigating the attack atm.
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Guys, please spread the hash, we have too much over here.
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Pool updated to the latest source!
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This is a very good one, i rather like it If it's a vote, i'll vote for it |
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