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So after the PoW phase, (3 weeks) then block reward is only 1 coin. And then all PoS minting. But to mint PoS you only need to turn on your wallet once every 20 days. So who will be running the block chain (securing transactions) after PoW phase?
this is what i was wondering too. i assume its still PoW from miners, but with no one mining (or very few) it would be very easy to 51%. someone please correct if I'm wrong PoS takes over as the dominant mining process, and as coins age at from the point they were mined, someone will always be minting somewhere to generate new network blocks. To 51% attack with PoS you'd need to hold 51% or more of all Mint, False. This is not true. Similar to PoW That's a false statement. Proof-of-Stake isn't similar to Proof-of-Work because it's cost-free. Unlike Proof-of-Work, you can retry attack attempts multiple times using the same coins. thats subject to a 51% attack, the PoS will need to hold 51% coins in order to be able to attack the coin. But holding 51% and then attacking your own coin normally is not in your interests. You don't need 51% of coins to perform a successful attack. You only need less than 15% of active weight here. ATTEMPTS = 1 / STAKE ^ CONFIRMATIONS If you have 25% of active weight then you need ~256 attempts; If you have 15% of active weight then you need ~1975 attempts; If you have 10% of active weight then you need ~10000 attempts. Note that active weight has no direct relation with total supply. It's calculated as (volume * timeweight) for coins participating in the network protection. E.g. if there are only 50% of coins @ maximum timeweight used for stake generation, then you need ~7.5% of total coins volume in order to perform double-spend attack for the reasonable time. Please elaborate for us newbs, for example what is active weight? Or timeweight? Coins participating in the network protection = mining plus opened wallets? So when PoW is "done", there will be 20 billion coins total. 7.5% of that would be 1.5 billion. That would be enough to successfully doublespend? Still big but not impossible numbers.
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There are 3 different Pandacoins. Pand (Panda nr.1) nobody cares about it it seems, Panda (Panda nr. 2) Wolongs (<- bad guy, so mean) Panda and PND (Panda nr.3) A Panda without premine and fair launch that was created as a protest to wolong.
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5,945,000,000 COINS IS THE CURRENT 24 HR VOLUME ON MINTPAL ALONE
I'm not worried about the 700 mil pre-mine. That amount has switched hands many times over at this point.
I'm more concerned about the PoS implementation, because I've posted questions about it on past pages and was never replied too.
Fears of this being a scamcoin is the only thing keeping this coin from exploding more than it already has, and unanswered questions don't help.
Talking to you dev.
I should have mentioned my question: Has anyone looked into the code of this coin for the PoS implementation? Also, looking at all the work that's been done surrounding this coin I highly doubt that it is a scam, but I'm a paranoid cautious person. This is a good thing in this little cryptoworld. Yes the code has been inspected. Check the testimonials on the mintcoin.cc website. You'll see a consultant has been brought in by myself. I had to do that because I feel it's very important that we can steer clear of any nasty mishaps. I'm happy to say that the initial two inspections on the coding have come back positive (everything looks to be in order)! However, we are not just leaving it at that. Precautions are being taken and we are putting the MINT protocol through it's paces in an accelerated testnet to ensure the transition is as smooth as possible and finding any bugs in advance, to stay one step ahead. Steps have been taken by the extended dev team. Nothing to worry about. where exactly are those testimonials?
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Thank you for sharing this great site.
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As soon as those walls get eaten we will be in 100 sat territory.
So many big players influencing this market but I would say they would want the price to go up to make more money on interest.. It's just what I would do if I had as much as they do to invest.. MINTcoin is Unstoppable! Diff is too high for basic players to mine it profitable, and big players do not sell their coins that easy! Price will reach 100 sat within days, then higher and higher... Big players won't sell and they will drive the price up and the more they hold and the higher the price goes the more they will make on interest, smart large players know they can make thousands of dollars this way. ok mr. NutMastertard
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great wall coming down
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He might be my favorite sitcom character ever, but as a coinname? I wish u all the best
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Community Naming Contest - Ends Feb 15 getKarma.xxx or begood.xxx goodkarma.xxx
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Jesusfreaks on my bitcointalk? Bitcoin Litecoin Dogecoin The new Holy Trinity
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THEORY: dogecoin is only here to mock bitcoin and altcoins, and is likely being financed by people who do not like
bitcoin or altcoins.
let the dogs buy a dogs coin
YOUR theory, and who are you? Probably someone who wish they bought when it was cheap. Never forget, the internet is awesome.
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I've bought 4,000 DOGE for £5 just in case it does go to the moon. In 5 years time I could be laughing or I've lost £5. Worth the gamble.
this guy gets it, but more like 1 year
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I do think eac is cheap at 100 satoshi but yea nowadays, if you read pump, think dump. So many people announcing pumps...
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Where's Bendercoin? Bite my shiny metal coin?
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CryptoApples, not available on Apple's Products
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I like the Logo with the Hempleaf
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Like the Speed and Usability but there's still many markets with little or no volume. Only VOLT, KOI and SCO have any to speak of.
I wouldn't advise anyone to buy SCO though or at least read up on it first
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1bcjyUXpcFy2Fj8iwX7rK6QK18xtc3bjP thx
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Great news about https://cryptorush.inHave you done any giveaways and such with your huge premine? Seems like now would be the time to make VOLT more popular?
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this is so exciting to watch 16 sell wall from 13btc to 5btc in 2minutes... aand gone.
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