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i had another thought that the blockchain is a concept more than anything else.
the pure crypto currency blockchain has it's monumental peak in bitcoin, it doesnt do anything particularly useful other than store the historical ledger of BTC.
sure people are tacking things on, but those things are not important to BTC
the concept of the blockchain can obviously be extended to other uses,
a de-centralised, tamper proof historical record is very useful and that is the carrot that BTC offers, a mere proof of concept that the chain can be kept alive, and be kept safe etc.
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given the amount of asics currently mining,
would it be possible to change the algo without those miners refusing to allow it?
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the real reason for PoW is network security.
the ability for anyone to write blocks needs to be securely managed in such a way that it is safe to assume the network is not under the sway of nefarious purposes.
PoS has definite improvements in the amount of energy required, but apparently needs central checkpointing.
other methods offering hash for external purposes (folding etc) can serve multiple purposes and seem very attractive, seemingly a more efficient way of managing the network.
assuming your network is both secure and efficient then you obviously need market adoption.
there seems to be a recent spate of big ICO's with "real business" getting involved << that is your correct target audience for adopting a "better way" of hashing.
if one of the current systems of more efficient hashing were to adopt some from of smart contract abilities or turing complete etc, then those businesses who are piggy backing off existing coins would have a seemingly more appealingly efficient option.
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this recent BTC block has fees worth 0.87361409 BTC https://blockchain.info/block/0000000000000000031a205f604beb1df9a3ea8e090a5336fd62ec66801ef1f1(amusingly , the next two blocks were both within 4 minutes and have much lesser fees 0.4166319 BTC 0.01224262 BTC) needs to consider are, value of fees in $$$ (as BTC increases we can expect fees in BTC to decrease) and will segwit or other new features increase the number of tx in block, and what will the increase in fee value be? .. IxCoin does not have a popular usage, to say it is directly parallel to BTC is poor logic. |
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name : Pineapples
rank : legendary
post count : 1138
sig : see below
btc add: 1E6mPwyDuAgY6SxTpX4q95fWAKVCFt7q77
Denied this is the first time i've ever tried a signature campaign, i'm curious why i was denied? |
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yeah i am unfamiliar with git cloning options, and was just cloning and compiling the main tree. git confuses me a bit  and when i saw that link initially there was no mention of how to clone that particular tree. i blame github, lol |
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in lieu of cake coin being off the menu,
(the cake is a lie after all),
i have high hopes for Pie Coin to be a very tasty option.
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so how are accounts being distributed?
i have a few that i can give away if anyone wants to PM me,
apparently sending me a public key is enough for me to transfer ownership:)
i have to say the new coin wallet is a tad confusing but as with practically everything new, is very straight forward once you are familiar. i just transferred an account to qwerth with minimum fuss, just a slight amount of trepidation on my part. |
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i had problems with the links i posted just above, the git compiles to a 0205 version, with the bootstrap being for 0210 i assume they are incompatible because of a version for either being available at http://www.cestballot.fr/downn/nexus/sync-database/and the fact my daemon ignored the newer chain.zip and went straight to starting from scratch |
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In the Continuing Attacks on Larger Denominations of FIAT Currency News http://www.cnbc.com/2016/12/12/venezuelans-scramble-to-ditch-largest-bill-ahead-of-surprise-removal.html Venezuelans hastily dumped the country's 100-bolivar bill, the largest denomination, on Monday after the government said it would be pulled from circulation as the crisis-wracked nation suffers what is believed to be the world's highest inflation.
Socialist President Nicolas Maduro said the withdrawal of the bill — worth just 2 U.S. cents on the black market — was needed to reduce contraband of the bills on the Venezuela-Colombia border. The 100-bolivar note will be removed in 72 hours as of Tuesday, state media said on Monday, with new, higher-denomination bills due on Thursday.
Despite heavy printing of the 100-bolivar bills — 2.3 billion this year alone out of 6.1 billion in total — they are in short supply.
Luis Volcanes, 36, had for six weeks withdrawn cash every day but on Monday ran around with a big brown envelope trying to deposit that same money, only to find cash machines at four banks in a row were not working.
"This seems crazy, like the government did this on a whim. I don't know what I'm going to do," Volcanes said as people trickled in and out of a bank in Caracas, complaining none of the machines worked.
One man unable to deposit money yelled, "This is total chaos!"
Adding to the aggravation, Monday was a bank holiday, meaning there were no tellers. Venezuelans have 10 days to exchange the notes at the central bank.
While many business were not accepting 100-bolivar bills, poor people living day to day could not afford to reject cash and many were using the bills to buy food for the day.
"I'll take everything you can give me to eat today," said taxi driver Jose Manuel Henrique, 49, whose cash income goes entirely to feeding his two children. Still, Henrique, a former supporter of late socialist leader Hugo Chavez, was annoyed.
"The government can't get anything right. This wasn't thought out."  this is the most curious decisions on govt part. they must have a seeming rationale to remove these handy note, but it seems it will do a lot of damage to the local economy as one of it's short term introductory effects. |
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As i understand it,
TIME is basically a floating currency like BTC with no set value apart from market forces.
which makes me ask,
how will LH be distributed?
If i want some coding work done, how will i get hold of a LH to pay for services?
thanks.
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so how are accounts being distributed?
i have a few that i can give away if anyone wants to PM me,
apparently sending me a public key is enough for me to transfer ownership:)
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One thing, your main programmer already made one clonecoin with pretty much no modifications. So i qm not exactly sure if you guys can really deliver up to your promises. Bitcedi (former coin that lulworm released): https://bitcointalk.org/index.php?topic=1474935.0That can be both positive and negative, there are multiple serial clone coin creators, lulworm does not fit that category and i'll agree with Mandica that previous experience can be very helpful, and there seems multiple people involved with Spectre which is definitely positive. all i can say is if anyone has an issue with clone coins, why are they here in the Altcoin section? |
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another newbee questeion  do i need to open the wallet for staking or can i open the wallet once a week? Add coin in your wallet then close and open after 24 hour then keep open 24/7 Enjoy happy staking 800% so i need open every 24/7 hours to get staking? it's all probability, like rolling a dice. when you have the wallet open (and staking), you're rolling the dice, when you close the wallet, no dice. as your coins get older (up to 30 days) with no stake, the dice slowly get more and more loaded until the point where it only takes one roll. .. well that's a loose story if the are many people staking, you might always need a goodly amount of rolls even with well aged coins. Disagree it's consistent and compoundable interest with the 24 hour staking period. With higher balances like 1m example eventually you get staking payments continually not sure what you're disagreeing with. but you definitely do not get any stake rewards unless the wallet is open and staking. PoS is similar to PoW in that you need some computing power hashing numbers until it wins. so you need your wallet open for it to do anything. with PoW your probability of getting teh correct hash iincreases with your computing power, with PoS your probability increases with your input size and age, the longer you do not stake, the more chance you have (until the max age of 30 days) the probability is also dependent on the difficulty which is determined by the entire networks ability to create blocks, so the more people staking, the higher the difficulty, it's equivalent to rolling a dice because it's down to chance when you get a block. |
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name : Pineapples
rank : legendary
post count : 1138
sig : see below
btc add: 1E6mPwyDuAgY6SxTpX4q95fWAKVCFt7q77
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another newbee questeion do i need to open the wallet for staking or can i open the wallet once a week? Add coin in your wallet then close and open after 24 hour then keep open 24/7 Enjoy happy staking 800% so i need open every 24/7 hours to get staking? it's all probability, like rolling a dice. when you have the wallet open (and staking), you're rolling the dice, when you close the wallet, no dice. as your coins get older (up to 30 days) with no stake, the dice slowly get more and more loaded until the point where it only takes one roll. .. well that's a loose story if the are many people staking, you might always need a goodly amount of rolls even with well aged coins. |
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what is this place? free coins? and gambling? it's a shame it's only virtual  |
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QUESTIONS
Does staking still generate new trust keys?
Is it now safe to keep a backup of your initial deposit key only or does one need to keep a running backup of wallet.dat for every stake?
the next release should come out this days will cover this once staking with the new wallet and then make a backup of ur wallet.dat will make sure that ur backup contain the trust key too it wont again change by itself and move all ur funds via trust staking mechanic towards a address that u dont have in ur backup a big improvement regarding wallet backups viable for a fallback szenario and desaster recovery in fact because NXS staking move all ur wallet funds sooner or later towards the trust key address it cover change dust in addresses u dont have in wallet backup better than any other bitcoin based coin make that innovation nr. 16 so currently keep updating your wallet.dat backup is still useful. with the new version. the trust key will still be needed to backup after it is first generated ? or will an initial wallet backup also include trust key/s yet to be used ? i really don't have a clear picture how the trust key works or is used (either now or then ) also, not sure if it has been fixed yet, but the invisibility of the trust key transactions in the linux daemon was a major thing to be fixed too. ie the movement of coins into the trust key did not show up in "listtransactions" |
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QUESTIONS
Does staking still generate new trust keys?
Is it now safe to keep a backup of your initial deposit key only or does one need to keep a running backup of wallet.dat for every stake?
also
Is there any trick to keep the windows cpu miner (from nexusminingpool) running without randomly stopping?
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