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301  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: February 03, 2017, 07:25:18 AM
I just heard from coinexchange.io and they say they are also on the mainchain with the right version.
302  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: February 03, 2017, 07:22:27 AM
so this is always the same shit shit and fuck whats happening nearly every ICO. A few days ago i wrote that it canīt be happen that KMD is going to exchange before all batches of KMD has been paid out because of fairness of trading. So far so good, i recieved my batch in time and the others should be able to deposit directly from the ICO site to exchange. Now yesterday the launch at cryptox was announced and what happened. The explorer got stuck so no more transfers were possible. I tried my transfer at 18:30 but after i got an error message and the waring in slack that other transfers got stuck i rejected. Now the price is down from 18000 sat to 13000sat without the possibility to trade.

This is not a claim against the project as itsself but that it isnīt possible to give EVERY investor the same fair chance to get the best out of its investment. I donīt wanna hear now people saying KMD is long term, you shouldnīt invest just to sell because its dumb rubbish. Everyone is free to do what he wants with his investment, because its his hard earned money (so in most cases Wink).

Again this could be a big project and maybe in a few month i would laugh about this prices but this is not the case. Fact is that you havenīt had the chance (expect a few lucky ones) to trade when you want it.
I have done 5 daily payouts, so anybody that requested payout BEFORE the 31st already has their KMD.

Clearly people that have KMD locally will have a time advantage over people that wait to payout to an exchange address. If an exchange is accepting deposits, it is likely trading. And with a daily payout, that is up to a 23hour head start.

Making a request prior to jan 31 had nothing to do with luck or preference. 100% of all payout requests were processed

@jl777: got my KMD right in time in IGUANA wallet but wasnīt able yesterday to withdraw it to my Cryptox KMD wallet address because of error messages. Thats the point for me. Others were able to withdraw but the transactions got stuck. 
I understand your frustration and I apologize for the troubles, we are doing the best we can to get things working normally.

And cryptox.pl is up and running fine at this point.

I think all complex systems will run into troubles, the true measure is not whether such things happen or not (they will happen), but how it is handled.

I know lack of explorer makes everyone feel blind, but there is an explorer built into iguana. We are also in the process of porting the insight explorer to run on SuperNET managed nodes.

303  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: February 03, 2017, 07:17:52 AM
We did find a fork that some nodes are on. It is not well connected with the mainchain nodes, likely they blacklisted each other. So I did not know about this fork at first. It would have been better had all the komodod on the wrong chain aborted...

I would recommend to not do transactions for a while as it is likely that the wrong chain will reorg and the transactions undone anyway. That means if you are the receiver of these tx, it is likely to be undone.

There is an explorer that is on the wrong chain at this moment: http://www.zpool.ca/explorer/1720 block 182053

so if you see your tx in the above, it is not valid.

I am in touch with cryptox.pl to make sure they are on the right chain.

Also, for those who are wanting their payout, please understand that it is not a good idea to do more transactions during a blockchain event. Let us wait for things to reach consensus.

blockchains reach eventual consensus. that means eventually they will be in consensus, but it is possible they are out of consensus. that is part of the design.

304  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: February 03, 2017, 06:07:07 AM
so this is always the same shit shit and fuck whats happening nearly every ICO. A few days ago i wrote that it canīt be happen that KMD is going to exchange before all batches of KMD has been paid out because of fairness of trading. So far so good, i recieved my batch in time and the others should be able to deposit directly from the ICO site to exchange. Now yesterday the launch at cryptox was announced and what happened. The explorer got stuck so no more transfers were possible. I tried my transfer at 18:30 but after i got an error message and the waring in slack that other transfers got stuck i rejected. Now the price is down from 18000 sat to 13000sat without the possibility to trade.

This is not a claim against the project as itsself but that it isnīt possible to give EVERY investor the same fair chance to get the best out of its investment. I donīt wanna hear now people saying KMD is long term, you shouldnīt invest just to sell because its dumb rubbish. Everyone is free to do what he wants with his investment, because its his hard earned money (so in most cases Wink).

Again this could be a big project and maybe in a few month i would laugh about this prices but this is not the case. Fact is that you havenīt had the chance (expect a few lucky ones) to trade when you want it.
I have done 5 daily payouts, so anybody that requested payout BEFORE the 31st already has their KMD.

Clearly people that have KMD locally will have a time advantage over people that wait to payout to an exchange address. If an exchange is accepting deposits, it is likely trading. And with a daily payout, that is up to a 23hour head start.

Making a request prior to jan 31 had nothing to do with luck or preference. 100% of all payout requests were processed
305  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: February 03, 2017, 04:57:30 AM
Alert to the Komodo users!
Do not deposit your Komodo to coinexchange.io!
It is clearly a scam: there is no support, no one in charge there. All deposits are pending for hours without any explanation whatsoever.
Many users are losing their KMD there!
I should have listened to the devs' warnings!

Our Komodo daemon crashed with all sorts of errors overnight. And we are also seeing some network issues.

No one has lost anything! Give us a chance to at least address the problems before screaming scam.



I have never used this exchange before KMD was added, and I have not been using it long enough to give an endorsement, but so far I can say that I have been able to successfully make a few small KMD deposits, trade, and withdraw > .05 BTC.

I can also confirm that changes were in fact made today that required an update to komodod, as this also affected my mining pool and I was unable to mine for several hours. You may also notice that kpx.io has not registered a new block for the last 11 hours, which I assume is also related to the same issue as it stopped registering blocks around the same time my mining pool stopped working.
There was a bug that caused nodes without the latest version to reject a block accepted by the new version. komodod, aborted when it noticed something was wrong. So rather than mining a different chain, the older nodes stopped.

While it can be debated if this was a bad behavior or good behavior, it prevented there being two competing chains.

nodes that did not update had to update via:

git pull; make

Hence my message above. At first what we saw was that until you had to restart komodod, everything was fine. So we updated the nodes as they needed to be restarted.

I was working to get a new version out and helping those with reported problems. That is why I didnt have any time do any payouts.

In general, if there is a problem, pull the latest and update. If that doesnt work, just ask for help.

At the moment we have a higher diff than hashrate, so blocks are slow, but it is simply due to the differential in hashrate vs difficulty. after the 65 block free-for-all is over, blocks will become regular again
306  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: February 02, 2017, 11:03:51 PM
For those running native mode komodod, I have made an update in https://github.com/jl777/komodo

this is only for command line komodod users

The updated version will be built into the iguana desktop app, i just dont know the exact timing.

iguana full mode and basilisk mode are not affected by this as it only relates to mining the main chain
307  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: February 02, 2017, 10:51:09 PM
I have tried to sync the Iguana in all different ways and it just gets stuck:



It stays like this for hours and never completes sync and I can not access my balance

If it is a full node, just delete database and try again. Mine has been synced an hour ago (Mac).
sometimes just restarting iguana will get it to finish syncing up and generating all the files

if it is still stuck, try deleting ~/.iguana/tmp/KMD folder
especially if there was a forced quit of iguana, it could end up with bad data in the tmp folder
308  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: February 02, 2017, 10:49:27 PM
As I understand, mining here is the same as in Zcash?
very close. there is a GPU mining guide linked to on the second post of this thread
309  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: February 02, 2017, 10:43:41 PM

But valid to complain about the network and block explorer not working correctly.  It's been 4 1/2 hrs now since I've gotten an additional confirmation on my transfer:

https://kpx.io/transactions/755e4a6cb7d378e5a37c381bbed4ab500c4a89d22b46de056dc54f40c6fc86ae

Have you checked on the actual exchange under deposits?

When I said mine went through, I meant it landed on the exchange.

Ignore what the explorer says for now.

Yes I checked them both and they are both stuck...  6 hours now without an additional confirmation.
you should be able to lookup the txid in the iguana explorer
or using komodod

if it is on the blockchain, then it is there and should be a matter of time for it to be processed.

68cd6248af1b61ffe6a84f47f91f983045a6992dd14cf1f04c0f70126d9969c8

I guess there is a blockage.
that txid is on the blockchain
310  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: February 02, 2017, 10:32:05 PM

But valid to complain about the network and block explorer not working correctly.  It's been 4 1/2 hrs now since I've gotten an additional confirmation on my transfer:

https://kpx.io/transactions/755e4a6cb7d378e5a37c381bbed4ab500c4a89d22b46de056dc54f40c6fc86ae

Have you checked on the actual exchange under deposits?

When I said mine went through, I meant it landed on the exchange.

Ignore what the explorer says for now.

Yes I checked them both and they are both stuck...  6 hours now without an additional confirmation.
you should be able to lookup the txid in the iguana explorer
or using komodod

if it is on the blockchain, then it is there and should be a matter of time for it to be processed.
311  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: February 02, 2017, 09:33:05 PM
I am still dealing with getting explorers updated and bug fixes and wont have time to do the ICO payouts today.

Will do it earlier in the day than normal tomorrow.

Also, if you are having problems with the ICO site, please dont PM me, I cant help you directly.

Also, if you are having problems with exchange deposits, please dont PM me, I cant help you at all.

Thanks for understanding
312  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: February 02, 2017, 06:19:53 PM
We are working on some updates. JL pushed new stuff to the notary nodes today and we are working on getting it all updated. I'm not sure if that's the reason for the slowdown but rest assured it will get better Cheesy

Yes this is not acceptable to to have transactions stuck for hours.  This is no way to introduce a new cryptocurrency and hopefully those transactions will get more confirmations very soon.
blockchain is not stuck, it is the explorer
we are updating explorers
313  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: February 02, 2017, 06:00:49 PM
latest block is     "blocks" : 181455,

block explorers will be updated
314  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: February 02, 2017, 08:22:19 AM
REVS is the komodo coin, not REV

and REVS is not trading anywhere yet, likely will need to wait for iguana DEX to trade REVS.


315  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: February 02, 2017, 08:20:39 AM
Hi Dev, I sent BTCD to the ICO site when the swap started and my coins were sent out in the first batch.
Is it ok for me to send more BTCD to the ICO site for another swap, or do i have to wait for you to announce  a 2nd swap date?

                          Wink
after you have received the payout, you should be able to do another payout.
there have been 5 payouts, there is no specific swap date, it can be swapped anytime. the restriction is one payout at a time
316  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: February 01, 2017, 08:43:53 PM

The compounding happens as a natural effect of being able to spend the accrued interest at any time


Thanks, but i still donīt get this:

"That is very true, and in fact, you could get even more."  ... "If you want to accumulate even more KMD you need to get your interest to earn more interest. You won't receive the new coins until you have sent the coins, so the more often they are sent, the more KMD you receive."




Wait.. or do you mean this:

After 6 months i send my coins to a new adress:

100 + 2,5 = 102,5

Rest of the year i get 5% of 102,5 =  More than keeping it for 12 months in one wallet?!

Am i right?
I think you are just making yourself confused. So one utxo earn 5% maximum.
So utxo A = 100 KMD and you send 50 KMB to utxo B in the middle of the year.
     utxo B = 50 KMD  
In the middle of the year utxo A would have 52.5 KMD and utxo B have 50 KMD.
At the end of year one. utxo A would have 53.75 and utxo B would have 51.25.
utxo A will stop earning since utxo A is now one year old. And utxo B still have 6 month of earning left. that's how I understand this.
You are incorrect.
I think you overlooked that you cant spend part of a utxo.

So when you spend utxoA, 100% of it is spent, part of it to the destination and the rest to change. The locktime for both is now reset.

So in your example, in the middle of the year utxoA is spent, there will be a utxoB and utxoB2,each with a fresh year to earn interest

317  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: February 01, 2017, 08:41:24 PM
batch5 complete and verified:

[{"txid":"6fad08580a1077f3eefa28fcb30e25c81cfe853b48fa1c4dd180f9844e6ec318","vout":1,"address":"RKmeJpSRwBouZgkTXA1mre8EMNjQ7CawzH","account":"RKmeJpSRwBouZgkTXA1mre8EMNjQ7CawzH","scriptPubKey":"76a9147312ccc85457cdf9dde17167d8abed9bc2bd583f88ac","amount":1999.45556678,"interest":0,"confirmations":3,"spendable":false}]
1999.45556678 <- expected amount RKmeJpSRwBouZgkTXA1mre8EMNjQ7CawzH
[{"txid":"4b4965c30015f501b5566ed5635e38ae964aaba8c99af6f56e496111d434d71c","vout":1,"address":"RChSVFn3Bi8kW2vRkohcaGw2QEzapdyjA7","account":"RChSVFn3Bi8kW2vRkohcaGw2QEzapdyjA7","scriptPubKey":"76a914257e6382c18c7ef3ae375a3d593e16ebe171720388ac","amount":15493.04399000,"interest":0,"confirmations":4,"spendable":false}]
15493.04399000 <- expected amount RChSVFn3Bi8kW2vRkohcaGw2QEzapdyjA7
[{"txid":"735d7f914eb9777fd7c9c44883c876baa53bb58e36a7d89760909ce1e92a706d","vout":1,"address":"RPYGEUfYMHizer5siX2CNpQ6xHAbjtgQuB","account":"RPYGEUfYMHizer5siX2CNpQ6xHAbjtgQuB","scriptPubKey":"76a9149c6b77e9dc031c7db6c4aa0d212219bfa4f10cdd88ac","amount":843.49707566,"interest":0,"confirmations":4,"spendable":false}]
843.49707566 <- expected amount RPYGEUfYMHizer5siX2CNpQ6xHAbjtgQuB
[{"txid":"8f4ea67ce7366804fe211f4c11a40bd364f8a6774e99c7d814f3778abf582dfa","vout":1,"address":"RLiYLy1TMui1iVGMhfks6Go1y1mopSkc7T","account":"RLiYLy1TMui1iVGMhfks6Go1y1mopSkc7T","scriptPubKey":"76a9147d74b33fe3ba7b1f0fe5791dfa9b2a00c247408388ac","amount":9678.31091750,"interest":0,"confirmations":4,"spendable":false}]
9678.31091750 <- expected amount RLiYLy1TMui1iVGMhfks6Go1y1mopSkc7T
[{"txid":"35aefffe9854b64ede72955ea546f84de618d5ab67426599e7a92e203a53b0c8","vout":1,"address":"RRLtUwtSG5oQUL6TPk5gtWPSFa4j1eBDxQ","account":"RRLtUwtSG5oQUL6TPk5gtWPSFa4j1eBDxQ","scriptPubKey":"76a914b034fcebd085d46c57a0a6fa5cd7eacfc8949a7788ac","amount":1219.26382940,"interest":0,"confirmations":4,"spendable":false}]
1219.26382940 <- expected amount RRLtUwtSG5oQUL6TPk5gtWPSFa4j1eBDxQ
[{"txid":"77c71b6be1be68661be35b4c41ec43f8e79fa723caf5c4e7c86b9369ee2ebecf","vout":1,"address":"RVT4P7mbHcdRmRHBotapx2BsEC1MMcTCMC","account":"RVT4P7mbHcdRmRHBotapx2BsEC1MMcTCMC","scriptPubKey":"76a914dd4040247a2fe4705e49dac64a67d49329f08b2e88ac","amount":1841.49885836,"interest":0,"confirmations":3,"spendable":false}]
1841.49885836 <- expected amount RVT4P7mbHcdRmRHBotapx2BsEC1MMcTCMC
[{"txid":"9d0e39eb0a11d33544e17c607ad1aebcfdba06d214f99bb83464e92ad8cd3eba","vout":1,"address":"RNrQxuKtPSrJg6fcp665Q7j8A7WTDSbwjU","account":"RNrQxuKtPSrJg6fcp665Q7j8A7WTDSbwjU","scriptPubKey":"76a91494e21e5cd0175fe0bfebaad8e5a1a5a8557512be88ac","amount":681.69393556,"interest":0,"confirmations":3,"spendable":false}]
681.69393556 <- expected amount RNrQxuKtPSrJg6fcp665Q7j8A7WTDSbwjU
[{"txid":"7041e1cc57a518eac2da5381ba3eaf7d5703f2dde1076a5217727aafd58c57e6","vout":1,"address":"RTrZWBu7SUZWf4ZdyUVddRPxsnDhZnre7n","account":"RTrZWBu7SUZWf4ZdyUVddRPxsnDhZnre7n","scriptPubKey":"76a914cbc1e038863b3f074ea1071c4e3f2a855935285288ac","amount":3090.02793673,"interest":0,"confirmations":3,"spendable":false}]
3090.02793673 <- expected amount RTrZWBu7SUZWf4ZdyUVddRPxsnDhZnre7n
[{"txid":"aa667173c69495f01b1e065596978f365580ed0303f4daa43dd3efc11345acb4","vout":1,"address":"RU2MYeg8uicVE28k6iiBXUxbxzeZwULwKi","account":"RU2MYeg8uicVE28k6iiBXUxbxzeZwULwKi","scriptPubKey":"76a914cd9c0dc6c0f1d203be41095c6f92e71966d8143e88ac","amount":759.15915551,"interest":0,"confirmations":3,"spendable":false}]
759.15915551 <- expected amount RU2MYeg8uicVE28k6iiBXUxbxzeZwULwKi
[{"txid":"83ed733e584b29b82ab59aa314dd4692a3e26ee612c209fb83fb3c8ac1832776","vout":1,"address":"RL5Mi7TdaXCWpQNtbs4zUBdHQEurPuRYh8","account":"RL5Mi7TdaXCWpQNtbs4zUBdHQEurPuRYh8","scriptPubKey":"76a914766c6e7dcae4647dd802d28826bcb1293feb192488ac","amount":158029.04869800,"interest":0,"confirmations":3,"spendable":false}]
158029.04869800 <- expected amount RL5Mi7TdaXCWpQNtbs4zUBdHQEurPuRYh8
[{"txid":"f7f5190e2f1e33c1c6c3eab6f8ddfaeee289b839f57568f1c690c1ec8a6d59cd","vout":1,"address":"RGEkGiZQxqTZjsARMzu2exjPkFegXSGT9o","account":"RGEkGiZQxqTZjsARMzu2exjPkFegXSGT9o","scriptPubKey":"76a9144c52818dbd12ac71c1985156dbcf0fe7356428b788ac","amount":2298.00667939,"interest":0,"confirmations":3,"spendable":false}]
2298.00667939 <- expected amount RGEkGiZQxqTZjsARMzu2exjPkFegXSGT9o
[{"txid":"af503537b2d1f590ee60cd7fd4bd20428a5e13c69ce70a4debfb4d4cb4c12bda","vout":1,"address":"RAYp48ZaMJGmaKCJxeMLzWQXajW7Hd2Yjr","account":"RAYp48ZaMJGmaKCJxeMLzWQXajW7Hd2Yjr","scriptPubKey":"76a9140dec6585534f11bb35adac14f66d4025814b60eb88ac","amount":2788.74791820,"interest":0,"confirmations":3,"spendable":false}]
2788.74791820 <- expected amount RAYp48ZaMJGmaKCJxeMLzWQXajW7Hd2Yjr
[{"txid":"1f9b726760e70c55e0a56b14decda061ee6794951f0515bce5cfeeb52757ed8d","vout":1,"address":"RAryshRkyDqKp3cgavp8CD77yS9A4U5jQz","account":"RAryshRkyDqKp3cgavp8CD77yS9A4U5jQz","scriptPubKey":"76a914115c14cfdaeead64c2fda339bfc67374fcb7f49088ac","amount":710.78619077,"interest":0,"confirmations":3,"spendable":false}]
710.78619077 <- expected amount RAryshRkyDqKp3cgavp8CD77yS9A4U5jQz
[{"txid":"38a982374bffb59fb7b10cbdd097e9b28b274b8dd54fb1dae396144d8c879e92","vout":1,"address":"RRbLh1gaRgxRXMRVwGvNw2yESgRyNzscnd","account":"RRbLh1gaRgxRXMRVwGvNw2yESgRyNzscnd","scriptPubKey":"76a914b2f0b054ea04cd7073b0e185f919b96d9f518ac588ac","amount":1118.59777607,"interest":0,"confirmations":3,"spendable":false}]
1118.59777607 <- expected amount RRbLh1gaRgxRXMRVwGvNw2yESgRyNzscnd
[{"txid":"089bd0a9dd2b712554791a4f575f62f2abda25031382795af1dd5a3f920f4e32","vout":1,"address":"RJtnDNrMY8pzcwwKyUvGLTjDot5jR74FRw","account":"RJtnDNrMY8pzcwwKyUvGLTjDot5jR74FRw","scriptPubKey":"76a91469742f85a3d5b5920c2f2ebc32c5847bc07c6c4588ac","amount":8811.66876930,"interest":0,"confirmations":3,"spendable":false}]
8811.66876930 <- expected amount RJtnDNrMY8pzcwwKyUvGLTjDot5jR74FRw
[{"txid":"514ddc3ddb2654354601a8971d0d5ad97b4844daabcb7786f10af7fd1d69a754","vout":0,"address":"RRixT2CqGcr5cdPoP3G2rhrWDfSbVZR6sk","account":"RRixT2CqGcr5cdPoP3G2rhrWDfSbVZR6sk","scriptPubKey":"76a914b4617350c17495b67f85fd61b883f61ceb0be58488ac","amount":8,"interest":0,"confirmations":5500,"spendable":false}, {"txid":"8346c1963fd4a5e70d61163bbe44868c12f42fec8c88597a412e960f500d50d9","vout":1,"address":"RRixT2CqGcr5cdPoP3G2rhrWDfSbVZR6sk","account":"RRixT2CqGcr5cdPoP3G2rhrWDfSbVZR6sk","scriptPubKey":"76a914b4617350c17495b67f85fd61b883f61ceb0be58488ac","amount":79613.96546024,"interest":0,"confirmations":3,"spendable":false}]
79613.96546024 <- expected amount RRixT2CqGcr5cdPoP3G2rhrWDfSbVZR6sk
[{"txid":"83f24e4276e6aefce21000c4d444cd0d909f25da717862cb87ed28ef9ffb37c1","vout":1,"address":"RHvVq3gKrEhXkXJSfxEzweGXRBjRMX1HwR","account":"RHvVq3gKrEhXkXJSfxEzweGXRBjRMX1HwR","scriptPubKey":"76a9145ecf36d9707c5aa24a7d2e8ed821a1248befe4f488ac","amount":854.63736305,"interest":0,"confirmations":3,"spendable":false}]
854.63736305 <- expected amount RHvVq3gKrEhXkXJSfxEzweGXRBjRMX1HwR
[{"txid":"4dc40c9aeffb9f0732614ebbdde8787e4945b0b017cbc858bdddba195cffdb63","vout":1,"address":"RSqXWQNJTdiiP2L6Q8Pd6nzd3DyN7TzpNF","account":"RSqXWQNJTdiiP2L6Q8Pd6nzd3DyN7TzpNF","scriptPubKey":"76a914c097aaee1050becc978ac053312d5e25129c4a4788ac","amount":87148.37244375,"interest":0,"confirmations":3,"spendable":false}]
87148.37244375 <- expected amount RSqXWQNJTdiiP2L6Q8Pd6nzd3DyN7TzpNF
[{"txid":"d2de8684bf2cb239f379a0be089c21dda90fc11ac8745275618c08189c3c9bc6","vout":1,"address":"RRRWieSx6e2ANSukRrFaRSyF2ikYiqTqbH","account":"RRRWieSx6e2ANSukRrFaRSyF2ikYiqTqbH","scriptPubKey":"76a914b114e67847de2b8005d32444d61db4631773737388ac","amount":96831.52493750,"interest":0,"confirmations":3,"spendable":false}]
96831.52493750 <- expected amount RRRWieSx6e2ANSukRrFaRSyF2ikYiqTqbH
[{"txid":"f86fbac5375a85a8c2d8651673c339772d98e069a481e2c2e291ed2c06e69b41","vout":1,"address":"RBhKUj4dmHDDd8Yhm8npoh9ii5V5ZUjtpu","account":"RBhKUj4dmHDDd8Yhm8npoh9ii5V5ZUjtpu","scriptPubKey":"76a9141a806979066381e9b187dd4423b07b28d1bedc5688ac","amount":1935.66218350,"interest":0,"confirmations":3,"spendable":false}]
1935.66218350 <- expected amount RBhKUj4dmHDDd8Yhm8npoh9ii5V5ZUjtpu
[{"txid":"1c8b0cdcc1c1dd7a6f0f490fb57294427436ef99d362e06ebe17877313464e16","vout":1,"address":"RRCvM3vVV6FPwayTevCCvkpXY2V8RxjEct","account":"RRCvM3vVV6FPwayTevCCvkpXY2V8RxjEct","scriptPubKey":"76a914aeb33755d5b9797988f0ab88e00765521e10bf4388ac","amount":50006.03027000,"interest":2.79051508,"confirmations":525,"spendable":false}]
50303.39904535 <- expected amount RRCvM3vVV6FPwayTevCCvkpXY2V8RxjEct
[{"txid":"0e32fb1cb0887c98da24c5e5ed425f52f542de0c3ee73e73ca3d4416033654a4","vout":1,"address":"RBopZSXfCKrvi6kELKu9Cn3TYDapxpVr8d","account":"RBopZSXfCKrvi6kELKu9Cn3TYDapxpVr8d","scriptPubKey":"76a9141bbb2f014d9558b427ccca206e7a9a449bb8a26d88ac","amount":106514.67743125,"interest":0,"confirmations":3,"spendable":false}]
106514.67743125 <- expected amount RBopZSXfCKrvi6kELKu9Cn3TYDapxpVr8d
[{"txid":"744aaa9d311c1edbd8f358dd4023a7cc030ad43482a6d5c5c8d53dc42deb7250","vout":1,"address":"RFEHFqHrwcwnTBzvYsuEttQ4rQQZw9qQsH","account":"RFEHFqHrwcwnTBzvYsuEttQ4rQQZw9qQsH","scriptPubKey":"76a9144143d43fca32b2ea88a88a1a0ee0a79c14f5dc0a88ac","amount":1526.39979262,"interest":0,"confirmations":3,"spendable":false}]
1526.39979262 <- expected amount RFEHFqHrwcwnTBzvYsuEttQ4rQQZw9qQsH
[{"txid":"d68213f76d7e6809bcaf0a1c522220ff9457aa9747182396deacb85330c717b3","vout":1,"address":"RJzu13gJQjtS6aQdNEaQMrv7TSL4wQBien","account":"RJzu13gJQjtS6aQdNEaQMrv7TSL4wQBien","scriptPubKey":"76a9146a9c58e4ec7f68ee5e00122f8b26ca471a8c7d2a88ac","amount":2130.29354862,"interest":0,"confirmations":3,"spendable":false}]
2130.29354862 <- expected amount RJzu13gJQjtS6aQdNEaQMrv7TSL4wQBien
[{"txid":"acd786f5b7bab14737a25d0ac2eb0e1a61743899f83571a694191a5317cc3c67","vout":1,"address":"RQgfzPR4zeCyLWaddHysGEVzoKLZa5E4Ut","account":"RQgfzPR4zeCyLWaddHysGEVzoKLZa5E4Ut","scriptPubKey":"76a914a8fac0d74fded755c3ce82b2f6a12959176be56788ac","amount":20106.39865075,"interest":0,"confirmations":3,"spendable":false}]
20106.39865075 <- expected amount RQgfzPR4zeCyLWaddHysGEVzoKLZa5E4Ut
[{"txid":"0a6832c3878dc82afe539a3a54f56b1a6d02fc21f0b03ca78d48124d3634ded1","vout":1,"address":"RBcmNwoFVZ5kWZB8LMjgGbqvVmByD1DeTJ","account":"RBcmNwoFVZ5kWZB8LMjgGbqvVmByD1DeTJ","scriptPubKey":"76a91419a3f3e497ae8d278704b168f66ac54d4eff3b5b88ac","amount":12526.83053462,"interest":0,"confirmations":3,"spendable":false}]
12526.83053462 <- expected amount RBcmNwoFVZ5kWZB8LMjgGbqvVmByD1DeTJ
[{"txid":"3872f0a52c4e6c84a0041a09725874517adb3908d48037dce1811197640956d2","vout":1,"address":"REwf8D6dyFevVSZc6wjTAwmTgntUM5KWGd","account":"REwf8D6dyFevVSZc6wjTAwmTgntUM5KWGd","scriptPubKey":"76a9143e1f033ffe9c36f1283af87680c68a4575fdfa2388ac","amount":273706.84143501,"interest":0,"confirmations":3,"spendable":false}]
273706.84143501 <- expected amount REwf8D6dyFevVSZc6wjTAwmTgntUM5KWGd
[{"txid":"2048f44673413d3a3c36c3f38df77bd1453bc9dd2a93edbaa35ae9c99dd64ee7","vout":1,"address":"RJQNje5EiBV2C7f28YLcm9LEm8AvrSFtVc","account":"RJQNje5EiBV2C7f28YLcm9LEm8AvrSFtVc","scriptPubKey":"76a9146414f0a7cc3b9f2e1dc855f0de9169cbe1a98b1188ac","amount":3880.03920424,"interest":0,"confirmations":3,"spendable":false}]
3880.03920424 <- expected amount RJQNje5EiBV2C7f28YLcm9LEm8AvrSFtVc
[{"txid":"4698dd7471c0e12421ea777216b66a112c9e1817761e0d801f9e4845c258a3cb","vout":1,"address":"RBFuL5swKoyZnLUTVEPjsuwh7pvP5sAz7P","account":"RBFuL5swKoyZnLUTVEPjsuwh7pvP5sAz7P","scriptPubKey":"76a91415b1daba05e7125dd3730252d3851352a65fc08988ac","amount":116.48367000,"interest":0,"confirmations":3,"spendable":false}]
116.48367000 <- expected amount RBFuL5swKoyZnLUTVEPjsuwh7pvP5sAz7P
[{"txid":"cc32e43ba80e3895630f99a5b0a8e7183ce74c4aa2a93af8baa76a1d2cc1c15c","vout":1,"address":"RJA8Qe3xtpSjXEXeBa8F54fW9HU3ETHCXd","account":"RJA8Qe3xtpSjXEXeBa8F54fW9HU3ETHCXd","scriptPubKey":"76a91461632811e8210dc2bc1a4aa9cd63c4186a47459a88ac","amount":4646.98361435,"interest":0,"confirmations":3,"spendable":false}]
4646.98361435 <- expected amount RJA8Qe3xtpSjXEXeBa8F54fW9HU3ETHCXd
[{"txid":"4c465385ef27929c1077d4b37a205bec302bea710574453b42792f3c6bc7df7d","vout":1,"address":"RFVp94ZGAAbFhKZG9BwuCBwEjDG9gCpY1g","account":"RFVp94ZGAAbFhKZG9BwuCBwEjDG9gCpY1g","scriptPubKey":"76a9144433d93bb200a5b398cdd565357cd7c6827e343788ac","amount":4893.17953483,"interest":0,"confirmations":3,"spendable":false}]
4893.17953483 <- expected amount RFVp94ZGAAbFhKZG9BwuCBwEjDG9gCpY1g
[{"txid":"8f282eab9df0a277c2b786bfd2f02db951131ecb7423a93c46a323dda8b85ea4","vout":1,"address":"RJcBCXAPp8VYuv87Xz9mNuNCBGJmYCKDFw","account":"RJcBCXAPp8VYuv87Xz9mNuNCBGJmYCKDFw","scriptPubKey":"76a91466504d279b3b1d474ede828c22b5573b537cef3c88ac","amount":13750.07654112,"interest":0,"confirmations":3,"spendable":false}]
13750.07654112 <- expected amount RJcBCXAPp8VYuv87Xz9mNuNCBGJmYCKDFw
[{"txid":"543851d36fb88fd8c046211dd6e73ea75a8006b7e195812bbacb14a00ab3b266","vout":1,"address":"RKhFZqq9ErJBMH36bSA3sgDfd51nAMdRck","account":"RKhFZqq9ErJBMH36bSA3sgDfd51nAMdRck","scriptPubKey":"76a914723e27234eb75e45ce5c6508c1f061e40b60946e88ac","amount":6399.50717276,"interest":0,"confirmations":3,"spendable":false}]
6399.50717276 <- expected amount RKhFZqq9ErJBMH36bSA3sgDfd51nAMdRck
[{"txid":"7632267444ae27246e0fe876d272b8876b96ec47d2d578e02330cb766793ae0e","vout":1,"address":"RDEbPLoUKK5sbRmJyhouhk3kx2MzTKt6d4","account":"RDEbPLoUKK5sbRmJyhouhk3kx2MzTKt6d4","scriptPubKey":"76a9142b62b614101b4882d0b5198bacbbf078016ea35288ac","amount":740.16851028,"interest":0,"confirmations":3,"spendable":false}]
740.16851028 <- expected amount RDEbPLoUKK5sbRmJyhouhk3kx2MzTKt6d4
[{"txid":"516cf5887eaa2e024881b27b71a767090e168dea7dfccbbe6cf6bd86741bf200","vout":1,"address":"RAaszCNodXXu9rJL6qqVMZDykXncDecTMS","account":"RAaszCNodXXu9rJL6qqVMZDykXncDecTMS","scriptPubKey":"76a9140e5082ca36cc024a4dca642c987ac4dd5947800988ac","amount":693.08132289,"interest":0,"confirmations":3,"spendable":false}, {"txid":"75740f609901350eebc9493aff3dcfb070e107b493a2b51aa1acccfb9dedd88c","vout":1,"address":"RAaszCNodXXu9rJL6qqVMZDykXncDecTMS","account":"RAaszCNodXXu9rJL6qqVMZDykXncDecTMS","scriptPubKey":"76a9140e5082ca36cc024a4dca642c987ac4dd5947800988ac","amount":693.08132289,"interest":0.09872953,"confirmations":1535,"spendable":false}]
693.08132289 <- expected amount RAaszCNodXXu9rJL6qqVMZDykXncDecTMS
[{"txid":"23a7f95e28ec90550f5e73fa509e3a7f614801dffe4e1e29aa02c2492c9e6302","vout":1,"address":"RHhBfhEDW88fopZfCasn6omtFr7QKa4wSk","account":"RHhBfhEDW88fopZfCasn6omtFr7QKa4wSk","scriptPubKey":"76a9145c4aa58134deb01310b3f0bd6217eb89f6b63a3d88ac","amount":41443.89267324,"interest":0,"confirmations":3,"spendable":false}]
41443.89267324 <- expected amount RHhBfhEDW88fopZfCasn6omtFr7QKa4wSk
[{"txid":"cbca63c95d6e016ab816de044d9ef295f630468d1596bb66f3e0dbbfec879168","vout":1,"address":"RMg5XaC6Lsj3YT2FtCtSDCAa5i715NYxrf","account":"RMg5XaC6Lsj3YT2FtCtSDCAa5i715NYxrf","scriptPubKey":"76a91487f59bb5d3b5c201253ecd32a8e88464112f853e88ac","amount":16344.19309420,"interest":0,"confirmations":3,"spendable":false}]
16344.19309420 <- expected amount RMg5XaC6Lsj3YT2FtCtSDCAa5i715NYxrf
[{"txid":"1dd5519298d6689602e56541dc3dd96a7f6a237b1ebaa67b247fa9ee3f9739b5","vout":1,"address":"RA9G36WwA9K95bn8Cbycq5ZnoxhSzzhhBw","account":"RA9G36WwA9K95bn8Cbycq5ZnoxhSzzhhBw","scriptPubKey":"76a91409781a2fa8f33ffbebdb0b866001c0d080a822d488ac","amount":867960.91662544,"interest":0,"confirmations":3,"spendable":false}]
867960.91662544 <- expected amount RA9G36WwA9K95bn8Cbycq5ZnoxhSzzhhBw
[{"txid":"065a059be54fe184bfc9d43d7dd5bc6b71d300c7796ca45e70acbb99634ef2e2","vout":1,"address":"RVZEqmLd5e8FBfF9Y6uaKL5hEbdKSaRyCY","account":"RVZEqmLd5e8FBfF9Y6uaKL5hEbdKSaRyCY","scriptPubKey":"76a914de6b7a38f2c21b7e5b9e627dfb9f8ca2dc17b0f388ac","amount":1086.09863742,"interest":0,"confirmations":3,"spendable":false}]
1086.09863742 <- expected amount RVZEqmLd5e8FBfF9Y6uaKL5hEbdKSaRyCY
[{"txid":"4d0498e9b38daa2705b35555d95b5cc5addcf8b9915c38f01e7422bb3c1474a5","vout":1,"address":"RMHJhEJau3JWyvsuWSm7MnzxqY4QgEXXQm","account":"RMHJhEJau3JWyvsuWSm7MnzxqY4QgEXXQm","scriptPubKey":"76a91483a7082ecedf14aef07c01fed53dc335e17641cc88ac","amount":4319.91306129,"interest":0,"confirmations":2,"spendable":false}]
4319.91306129 <- expected amount RMHJhEJau3JWyvsuWSm7MnzxqY4QgEXXQm
[{"txid":"fb58e59e86673c017a32717d7ff933dd5ebf6275b91bbde46c7ecd9242e2b01a","vout":1,"address":"RHfwxdGyRKD1P9ZAY3wPRNErGjuokg5hgi","account":"RHfwxdGyRKD1P9ZAY3wPRNErGjuokg5hgi","scriptPubKey":"76a9145c0ec9a169310121ecef9232c14ef3ab7a77da1388ac","amount":38732.60997500,"interest":0,"confirmations":1,"spendable":false}]
38732.60997500 <- expected amount RHfwxdGyRKD1P9ZAY3wPRNErGjuokg5hgi
[{"txid":"11cb10a33a2a7f028220460a4752c8684a465d1038913f0e31c7e110997c4d37","vout":1,"address":"RVcSdFR5fC3Qjk3CARvQSkra5PQwC8U3uj","account":"RVcSdFR5fC3Qjk3CARvQSkra5PQwC8U3uj","scriptPubKey":"76a914df068ff17cfec67c175d0b1c48c8a3b75f4931a488ac","amount":19695.58704144,"interest":0,"confirmations":1,"spendable":false}]
19695.58704144 <- expected amount RVcSdFR5fC3Qjk3CARvQSkra5PQwC8U3uj
[{"txid":"d785685b205ffd0ab13cf4660be5262b7727228dd3f6e1b8f1bea8b97f800ee0","vout":1,"address":"RQokxkBAizLmegMeWK5TyTpSHn2vP5adjo","account":"RQokxkBAizLmegMeWK5TyTpSHn2vP5adjo","scriptPubKey":"76a914aa51d0af47479e5748294a80e73fe9b11ea455a388ac","amount":2981.62619009,"interest":0,"confirmations":1,"spendable":false}]
2981.62619009 <- expected amount RQokxkBAizLmegMeWK5TyTpSHn2vP5adjo
[{"txid":"78cac40448f57823dddbaed6f69eaaa2d7b6cf407d8c5fa90b186fdab7c1d9b8","vout":1,"address":"RXTuSxW7zs1enAXAq3xSaimTR4NYUTQL6Q","account":"RXTuSxW7zs1enAXAq3xSaimTR4NYUTQL6Q","scriptPubKey":"76a914f35975e593a57cc47da9095bd4ae31653b9cfc8188ac","amount":968.31524937,"interest":0,"confirmations":1,"spendable":false}]
968.31524937 <- expected amount RXTuSxW7zs1enAXAq3xSaimTR4NYUTQL6Q
[{"txid":"48cae9a4889082a43ea0ee8e481b89a4b35e544070827736336cc860f59b7954","vout":1,"address":"RNg2LQHqauerqtv6yCVXVLug2VFAqc7JaG","account":"RNg2LQHqauerqtv6yCVXVLug2VFAqc7JaG","scriptPubKey":"76a91492eb11a8ad97539200d91771551e703f9cade4e188ac","amount":3205.27840587,"interest":0,"confirmations":1,"spendable":false}]
3205.27840587 <- expected amount RNg2LQHqauerqtv6yCVXVLug2VFAqc7JaG
[{"txid":"ba761c5bcab251499de8af6ebca8dd6f71e4697b69ad38a63ac6ed3f51e20705","vout":1,"address":"RAMvDwi58oyArqfGseWZsYbR2BN3L7ghVX","account":"RAMvDwi58oyArqfGseWZsYbR2BN3L7ghVX","scriptPubKey":"76a9140bdcf88401de1c3c3a1cac2e7c4d0205a2e48f6388ac","amount":40914.30625015,"interest":0,"confirmations":1,"spendable":false}, {"txid":"3f56a88153c48bb6b1b5aa531a7dd5e90cdedd7be8bb1c0e0b036039cba21914","vout":0,"address":"RAMvDwi58oyArqfGseWZsYbR2BN3L7ghVX","account":"RAMvDwi58oyArqfGseWZsYbR2BN3L7ghVX","scriptPubKey":"76a9140bdcf88401de1c3c3a1cac2e7c4d0205a2e48f6388ac","amount":1,"interest":0,"confirmations":599,"spendable":false}, {"txid":"8a621bdfa7fa034342e8f07ad4f9ccccce2c6ccf3d3b238988f53d96c7e051ae","vout":1,"address":"RAMvDwi58oyArqfGseWZsYbR2BN3L7ghVX","account":"RAMvDwi58oyArqfGseWZsYbR2BN3L7ghVX","scriptPubKey":"76a9140bdcf88401de1c3c3a1cac2e7c4d0205a2e48f6388ac","amount":29.00370000,"interest":0.00180821,"confirmations":608,"spendable":false}]
40914.30625015 <- expected amount RAMvDwi58oyArqfGseWZsYbR2BN3L7ghVX
[{"txid":"4540c58133dbc87880e91bb961cb59531778eefeb3de8c1550e3245e973e032b","vout":1,"address":"RPUoGZEYGV32m6sU1qYr375mgELoMxVEJu","account":"RPUoGZEYGV32m6sU1qYr375mgELoMxVEJu","scriptPubKey":"76a9149bc3b64457e9604b093967f0e2c9ab3e2e72504f88ac","amount":48415.76246875,"interest":0,"confirmations":1,"spendable":false}]
48415.76246875 <- expected amount RPUoGZEYGV32m6sU1qYr375mgELoMxVEJu
[{"txid":"77aee8dc84ddfc55aae94eab7eef3af07adf80079361a9c865424fe913a9f7f2","vout":1,"address":"RGH3G91bdgu1WrmiN4aBNREpm8EZwddmvw","account":"RGH3G91bdgu1WrmiN4aBNREpm8EZwddmvw","scriptPubKey":"76a9144cc18542f6fe6a13388e631a821e4dfb3a1df4a988ac","amount":1363.38787112,"interest":0,"confirmations":1,"spendable":false}]
1363.38787112 <- expected amount RGH3G91bdgu1WrmiN4aBNREpm8EZwddmvw
318  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: February 01, 2017, 08:38:25 PM
Thanks for the answer, but thatīs not what i asked.  The 5%-thing isnīt the problem:
 ("I have 100 KMD in january.  one year later i send the coins to a new adress and receive 105 KMD, right? After next year i send to a new adress again, receive +5% and so on.").

Unlike the rest:

But what if i send the coins in june? Or i send 50 in June, 20 in july and 30 in november?



Related to my question above, what does this means exactly:

(" 'compound interest.' If you want to accumulate even more KMD you need to get your interest to earn more interest. You won't receive the new coins until you have sent the coins, so the more often they are sent, the more KMD you receive.")
Lets do some math.
5% APR is what accrues, for all utxo older than an hour and more than 10KMD

After 1 month, 5%/12 has accrued. It is earned. It is "there", even though it doesnt exist anywhere. There is no record of this interest directly on the blockchain. However all nodes have a consensus to the satoshi of how much interest you have earned.The wallets take this into account when creating a transaction. So you can spend it.

After 2 months 5%/6 has accrued.
etc.

As soon as the interest has accrued, you can spend it. I am not sure what about this is unclear. It could be that all other systems are some sort of complicated thing that is entangled with block creation.

In KMD, you earn 5% per year, just by owning the KMD. Nothing at all has to be done.

This means even cold storage KMD is earning interest.

There is a cap of 5% total accrued interest per utxo, which means after a year you are not earning any more interest.

The compounding happens as a natural effect of being able to spend the accrued interest at any time

Is this mean our old address where we stored KMD will not earning 5% interest anymore after a year?
So we need to send/stored in a new address in order to earn our next 5% interest? and we need to do this once a year right?

By the way, when we send KMD to the new address to earn our 5% interest, does our 5% interest send to our old KMD address or to our new address?  still confused about this




dont try to overcomplicate it.
the rule is very simple.

EVERY utxo that has a locktime will earn interest if it is bigger than 10KMD at the rate of 5% APR to a max of 5%. eligible after it is one hour old.

It is based on utxo, not on address balance. that means each txid's output is independently accruing interest at the same time, without any additional work to do.

I hope that somebody in the community will be able to understand the rules and be able to answer questions related to this.

Also both komodod and iguana make sure that locktime is set, only mined blocks dont have locktime automatically set

Yes we need someone in the Devs to explain it in more details step by step on how to earn 5% interest in much less technical term in our superNet site...so even grandma can understand it too  Grin




Here is a nontechnical steps to earn 5% APR with KMD.

Step 1. Congratulations! There is nothing to do. You are done and now earning 5% APR on your KMD
319  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: February 01, 2017, 08:22:23 PM


yes!
That is basically the definition of compound interest.
It is an emergent property of how KMD 5% APR works, it is not specially coded to compound. It compounds if you compound by actively using KMD.

Some coins have used demurrage to try to motivate economic activity. While losing funds is a spur to action, I think getting a bit of compounding by being active is a more effective approach.

The difference between 5% simple interest and 5% compounded wont be that much, but it will be more than zero. And people like money.



Thanks!!!!

"And people like money"   muahahaha. ( btw: Iīm also interested in "how things work" so money wasnīt my intention Smiley )
Under the hood it was actually quite tricky to make it work simply on the outside.

The big issue was how to get universal consensus to the satoshi, not to mention the wallet tx construction needed to know what actual value a utxo had. And this needed to be done to the existing bitcoin codebase.

The way I achieved consensus was to use the locktime field, which is typically unused and set to 0. I added a restriction that you cant specify a timestamp locktime that is far in the past. And locktime cannot be in the future as if it was it wouldnt even be accepted.

So, now we have a consensus safe timestamp for each utxo.

But we also need the "now" timestamp and we clearly cant use any clock as there is no way all nodes will have the exact same time all the time (if ever). What I used was the blocktime of the chaintip. So this means that when you make a new tx, the now is the time of the previous block.

Given these two timestamps, we get the fraction of the year and onto the number of satoshis for the prorated interest.

Now, astute readers will notice that between the time a transaction is submitted to the network and the time it is actually confirmed, might be hours away (ie bitcoin unconfirmed backlog). So wouldnt that mean that there wont be consensus on the interest calculation?

It turns out that there is a consensus, as by the time a transaction is confirmed, it will always have the prior block to the one it confirmed in. And thus there will always be a "now" timestamp that gets consensus. The discrepancy is that there will be a bit of interest that the wallet did not account for and this excess would end up as a higher than expected txfee.

maybe it is a bit wrong that the mining nodes that might be responsible for delayed blocks and the unaccounted for interests getting this as txfee, it is a very small amount and I dont intend to ever let KMD end up having hours and hours of backlogged transactions.

320  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin on: February 01, 2017, 08:08:53 PM

The compounding happens as a natural effect of being able to spend the accrued interest at any time


Thanks, but i still donīt get this:

"That is very true, and in fact, you could get even more."  ... "If you want to accumulate even more KMD you need to get your interest to earn more interest. You won't receive the new coins until you have sent the coins, so the more often they are sent, the more KMD you receive."




Wait.. or do you mean this:

After 6 months i send my coins to a new adress:

100 + 2,5 = 102,5

Rest of the year i get 5% of 102,5 =  More than keeping it for 12 months in one wallet?!

Am i right?
yes!
That is basically the definition of compound interest.
It is an emergent property of how KMD 5% APR works, it is not specially coded to compound. It compounds if you compound by actively using KMD.

Some coins have used demurrage to try to motivate economic activity. While losing funds is a spur to action, I think getting a bit of compounding by being active is a more effective approach.

The difference between 5% simple interest and 5% compounded wont be that much, but it will be more than zero. And people like money.

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