what is the process to exchange our current coins?
We will make available an website where you will be able to exchange the old for the new piggycoin. (just make sure your piggybank is the 1.4 one) |
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Ohh btw, I didn't say anything about it but since the community was divided in this new ticker question I decided to use the good ol' democrazy.
2 more days until voting ends.
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The guys at chickenstrips will also be making a pool for us  Loving their stability + support since day one! |
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It looks as nobody knows about the switch to POS and therefore the price is falling and falling. What about doing a piggyday or something similar for this event?
I feel that this might confuse people a little. We are gonna start hyping the PoS change 5 days before it happens though, 11 days till the change is done Well, but the topic now indicates that version 1.4 will introduce POS and X11. That makes some attention, but when people realize that these are only future visions and not even close to reality yet, they will take the pigcoins that before was forgotten and sell them to buy some real POS/X11-coin like Sync or XC... I did that myself, I know...  You're right. I'm gonna make a new topic for piggy though, refering the old topic ofc but with the new characteristics and specs. Should I do this ASAP or closer to the launch date? Dev are we gonna be able to change our old coins (scrypt) for new ones (x11) or how this is going to work.??
Yes, we got together with the guys from coinking.io (the ones that will be making our lauch multipool) to bring you an website to do this. You will just have to send you old coins and receive the new ones. |
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It looks as nobody knows about the switch to POS and therefore the price is falling and falling. What about doing a piggyday or something similar for this event?
I feel that this might confuse people a little. We are gonna start hyping the PoS change 5 days before it happens though, 11 days till the change is done |
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Piggycoin supports CryptoArrow animalroam did an awesome job with piggyfacts.com and he's very professional (always online, great and competent worker, fast, design oriented) don't hesitate in asking for his help! |
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is Piggybank 1.4 going to be the wallet going into POS?
I was going to suggest putting the official website/social/game/reddit links into the wallet to try to make the community more responsive.
Maybe even a 'Teachers' click here' to get teacher to try and promote the coin to their classrooms.
Just a thought?
Nop, 1.4 is the last piggybank update for this blockchain. We will launch the "new Piggybank" when the new coin launches, and yes good idea. I will put some links in there |
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Question for OP: the 500M in the graphic - what does that refer to? Just wanted to clarify. Thanks!
Our new maximum # of coins Ok, that's the *new* cap that comes into being when the new wallet launches. I think I get it now, so the ambiguity in the Specification section makes sense now. Looking forward to the new features like POS. I've noticed that this is implemented seemingly very differently for different coins. Some (eg DEM) although not tested yet, only release a stake yearly; others like CGB function very well and reliably each month. What are the plans for Piggycoin in the stake frequency, and is it distributed directly proportional to wallet size? The specifications are not updated since we are still working in this "old" blockchain. I will create a new thread when the new blockchain is launched (+-13 days from now). The Specifications for the PoS will be: -15% annual interest -Min Coin Age = 8 hours -Max Coin Age = Unlimited This means you need to have some piggycoins in your wallet, after them being 8 hours there they will start to "mint" and you will start to receive transactions (your interest), this interest will equal to 15% of your coins/year. EDIT: A good FAQ on this is the blackcoin one: http://www.blackcoin.co/faq/We will have one for piggy posted in our website. |
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Is it pos already ?
Nop, PoS will be launched when we reach block 62500 in this blockchain. |
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Question for OP: the 500M in the graphic - what does that refer to? Just wanted to clarify. Thanks!
Our new maximum # of coins |
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This is normal, this is probably the premine address me (21M), sending some giveaways or something like that. Imagine I send 1000 PIG, 21M appear there and then 21-1k are returned to me. Original code (before we changed to reducing block rewards and then to 0 block rewards at block 62500 more recently): {
int64 nSubsidy = 4000 * COIN;
if ( nHeight == 2 )
{
nSubsidy = 21000000 * COIN;
}
return nSubsidy + nFees;
}EDIT: Seems like notsoshifty was quicker |
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current logo is better although I'd donate to a bounty if you want to crowdsource one.
PIGGY ticker is better than OINK ...
Seems like the logo is staying then. I'm really not sure about the ticker, everyone on twitter seemed to like OINK more. 2 weeks to decide nevertheless. |
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Hahaha, very funny pics.
These good enough for a logo? i dont know...
A bounty for a logo design is a good idea, maybe get a little promotion from it also.
Do you think a change would be good? That's another thing i'm not entirely sure. We wanna market as the "same" coin, the ticker will have to be changed ofc but for exchange reasons, not sure about logo. |
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AM I going to have to do anything with the Piggy coins I have on exchanges right now?
You're gonna have to exchange them for the new piggycoins. It will be a really simple process don't worry. We are working with the guys at coinking to get it done |
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Have to say I'm concerned about a couple of things with this change:
- Three months to mine the first 200 million coins, and one week to mine the last 250 million coins. That seems very unfair to those who mined, or bought, the first 250 million (even if ultimately the total supply is reduced). Why so many in such a short time period?
- How will you prevent a frenzy that results in many more blocks mined in the first few hours than required, like we see in so many launches these days?
- The 1.4 code seems to stop at 271 million, not 250 million, coins (although 15.75 million of those are to be destroyed?)
Hi Devs! You are doing a GREAT job, so thank you! Would you mind addressing the issues raised above? I'm curious too (although I'm not sure of the accuracy of that info). Also, I think PIGGY is better than OINK. It's more consistent. Have a good day! -That's how the PoS/PoW hybrids have been doing it, we also need to raise the block rewards to raise the number of miners. -The first blocks will have a null/reduced block rewards. -This was my bad and I did the math to correct it in the other blockchain I'm coding. The total number of coins will be 500M in the end. EDIT: twitter wants OINK, you guys here want PIGGY. I will put a vote if this keeps undecided. |
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