Anybody having trouble to log in? 

I get the "successful login"  email but no access to the site at all. 

This has been an ongoing question.  People don't seem to be sharing the answer. 

This code could do the trick. https://github.com/hyc/wolf-xmr-miner/blob/update/wolf-skein.cl

but I don't know anyone packaging it up for us, sorry. 

As a yule LOG treat, here's Vihart explaining logarithms. 

https://www.youtube.com/watch?v=N-7tcTIrers

Thanks woh0dly!

We have made some progress on the woodcoinj project, a pure java implementation, which is currently syncing the chain on its own. 

The repo is:

http://www.github.com/funkshelper/woodcoinj-dev

This is currently good for SPV wallets only, there are some bugs still in the full-node version. 

This should enable a number of other projects to proceed. 

Interesting idea, but yeah I think you're right - miners would jump from one skein-algo to another and in the end it would be the same for everyone, just as if there were only the single skein-algo. 

As much as we'd love to help small miners, there's no way to prove one is a small miner and not just a little piece of a big miner's operation. 


 

Many Woodcoins to you!  Merry Christmas everyone. 

If anyone can locate woodcoin dev Moonpunter and wish him and his family a merry Christmas that would be fantastic.  He's been missing for several weeks now, I hope all is well. 

 

Thanks bathrobehero!  Yes I also like these systems.  However it seems part of the woodcoin ecosystem now is being a leader in pure Skein hashing.  It's tempting to make a fork into one of these multi-hash algos, keeping current woodcoin addresses, a la what folks are doing with BTC these days.  Got any names in mind ?   All these systems would benefit from a logarithmically increasing money supply.  Now that fees are starting to be a driving force in market economics, people are starting to get it, and will come around to using this kind of release curve.  Let's be ahead of the game and help with this effort. 

Is anyone interested in a difficulty adjust algorithm change?  It seem some teams have pulled this off, e.g. with BCH, with decent effect.  We've been hesitant in the past because don't-fork-unless-you-absolutely-must, and hey we haven't had to, but it's worth the discussion at least.  Better algos are out there for us to use if there is any interest in making it happen. 

Any comments appreciated. 

Real14Hero has it   +1 

I'm just gonna paste Orlov's recent blog entry here in case anyone is interested: 

----------------------------------------

Poverty is a major problem around the world, but it is not evenly distributed. Some countries, such as China and Russia, have in recent decades succeeded in raising many of their citizens out of poverty. For example, the real incomes of a majority of Russians have doubled more than once since the beginning of the century, while in China the explosive growth of cities and of manufacturing has improved the fortunes of many millions of former peasants. The result, readily observable, is enviable political stability and widespread optimism and confidence (if not satisfaction) with the overall direction.
In the meantime, in the formerly wealthy but now virtually bankrupt countries of the West, and in the United States especially, homelessness has been steadily increasing, the number of people on public assistance has been setting new records, the opioid epidemic is claiming more victims every day and major cities, such as Chicago and Baltimore, have turned into shooting galleries to such an extent that some obscure local official (not, mind you, Chicago’s Mayor Rahm Emanuel, as has been widely reported) has recently asked the UN to send in peacekeepers to stop what he has called “a genocide.” The result, again readily observable, is political instability and widespread dissatisfaction with the overall direction, as evidenced by such phenomena as Trump, Brexit, the electoral failure of major political parties in France, Germany, Austria and elsewhere, separatist rumblings in Spain and Italy and the manifest fecklessness of both elected national officials and the unlected EU ones in Brussels.

Just going by the numbers, it is now possible to speak of the manifest failure of capitalism, as has been proclaimed loudly by Thomas Piketty et alia. As reported by World Inequality Lab, since 1980 income inequality has increased in practically all countries in the world. Over the intervening period the top 1% has received more income than the bottom 50% and now controls more than half of all the wealth on the planet. The largest increases in income inequality were seen in North America, China, India and Russia, although the effects differed in each case because income inequality had already been very high in North America and India while it had previously been among the lowest in the world in China and Russia.

The function of a society is to improve the well-being of its members. It is not the function of a society to make it easy for a tiny minority to prey upon the vast majority and drive it into destitution. Capitalism fails this basic test. When societies fail this basic test, they fall apart and the tiny minority get subjected to experiments such as the guillotine. How far away any given society is from such an event, and whether it is heading away from it or toward it, can be observed by watching the politics. Observe that Putin, during his recent national Q&A, announced that the prime objective of his next term as president will be to raise the incomes of the general population. Observe that Trump, with his tax reform package, is seeking to cut corporate taxes, eliminate estate taxes, increase federal budget deficits and generally shift the burden for all the previous economic policy failures from the very rich and onto the general population.

But the numbers churned out by economists, amusing though they may be, are, to my mind, borderline meaningless. To me, it makes sense to measure physical quantities—flows of matter and energy, information flows—but to measure the flows of money is to engage in group hallucination. The problem is that money doesn’t feel like anything—it’s just digits, as sexy and fulfilling as a train schedule. (Yes, there are a few nerds who love train schedules, but leaving them aside…) To make money feel like something, it has to be used, and there are two main ways to use it: to give pleasure through its surplus and to cause pain through its deficit.

Look at what the rich do: they are constantly jostling for the best way to make themselves look as rich as possible while remaining within the bounds of what they consider “good taste.” Just floundering about with naked women in a bathtub full of gems and gold bullion is not considered in “good taste.” The manifestations of massive wealth have to be understated and fashionable yet unmistakably signal that money is no object. Those new to money signal their wealth through multimillion-dollar weddings for their daughters or by buying megayachts, while those a bit further along the aristocratic continuum from nouveaux-riches to guillotinés achieve the same good feeling through sponsorship or through public shows of charity and largess. But the amount they spend on wealth signaling is tiny in proportion to their overall net worth. Most of it is bound up in what will in due course become stranded assets. We’ll return to that point in a moment.

Meanwhile look at what the poor do. Most of them languish in misery. A few of them attempt to beat the long odds by working hard, self-educating, educating and tightly disciplining and controlling their children. But even fewer succeed at this because there is a structural feature in their way: a wide moat that separates the rich from the poor. In that moat, tax donkeys are drowned in red ink—be they the poor struggling to rise out of poverty or the former middle class that has lapsed into poverty. One of the best ways to make it past this moat is to break the law, and that is hard to do alone. Thus, the best, and traditional, way to do it is to form a mafia, and become a law unto yourselves—very rough and violent at first, and progressively more legalized and legitimized. This is the basic methodology of aristocratic succession, and it has been practiced for millennia now. Scratch through the aristocratic veneer and you will find a former gangster, or a descendant of one.

But virtually all of them, both rich and poor, are seduced—not by wealth, for wealth itself is ephemeral and cannot be directly experienced—but by the displays of wealth employed by the rich, who are forever looking for new ways to flaunt their wealth. And virtually all of them are made miserable by this experience, because all of them, with the possible exception of Jeff Bezos, are not rich “enough.” Since wealth is just a number, and numbers only function in comparison with other numbers, “enough” can only mean one thing: richer than anyone else, and that leaves us with just Jeff Bezos, the happiest bozo on this bus to nowhere.

Why is the bus going nowhere, and why does it make sense to measure the flows of matter and energy (and perhaps information) but not of money? Because money is denominated in future ability perform work. Most of that work is, by now, not physical labor but machine labor. And the vast majority of that machine labor (silly windmills and solar panels aside) comes from fossil fuels. Now go look at the balance sheets of all the major Western energy companies. Are they still profitable. No. Are they vastly indebted. Yes. Once it becomes impossible to run the machines whose output underpins the net worth of the high-net-worth individuals, they become stranded assets: they still cost money to maintain but they are no longer useful. The obvious next step is to forgo their maintenance. But shortly thereafter it turns out that they are no longer worth much beyond their value as salvage and scrap.

Thus, the final condemnation of capitalism is not that it is unjust or wasteful; it is that it is downright stupid. It is an insipid, misguided struggle over wealth signaling that ends in poverty, or worse, for all those involved. In the meantime, the rich are on an endless quest for more endorphins, to be gained, temporarily, from displaying the latest gadget or fashionable rag, or from occupying a swank bit of real estate, while the poor feel pain from being unable to heat their homes or feed their children properly and suffer endless indignities in trying to scrape by. But in the end they will be the same, for there is a great equalizer at work, called Nonrenewable Natural Resource Depletion (NNRD). And in most parts of the world it is very far along already.

How can you escape from this ridiculous cycle of stupidity that ends in poverty? I have plenty of direct experience with both wealth and poverty, and I believe I have found an answer. You see, being poor feels very different in different places. There is too much to explain in terms of what goes into creating that feeling, and each place is a little bit different. But one bold conjecture I would dare to make is that while all the rich are the same everywhere, all the poor are different. Since a lot of places will cease to be viable once wealth turns to stranded assets, it makes sense to look for ones that won’t be. And my theory, though it is entirely unsupported by any economic analysis, is that the best places will be those where the poor people feel the best and the rich people, relatively speaking, feel the worst.

A couple blog posts for you:

http://woodcoin.info/2017/12/10/the-rise-of-the-company-coins/
http://woodcoin.info/2017/12/09/scaling-by-forking/

Thank you Cryptodelver, nice site!  

We'll be promoting in other channels as well. 

SpAcEDeViL, nice work! 

Another pool working here

Hi Jchardin,

  I know people are using AMDs but there's not much code out there that I have seen published.  

  The Wolf0 kernels include Skein so should work for this but that's all I know.  

  Good luck --  

Difficulty continues to skyrocket.  LOG miners, what are you using?  Drop some hints please!! 

To answer my own question, you can find the relevant code here
https://github.com/BTCGPU/BTCGPU/blob/master/src/chainparams.cpp#L100


looks to me like 8000 blocks or 100,000 blocks so OP was off by a factor of two, let me know if I'm wrong please  

Can somebody please point me to the code for this? 

I am looking here and it isn't obvious:

https://github.com/BTCGPU/BTCGPU/blob/master/src/validation.cpp#L1043

NovaExchange is closing! 

https://novaexchange.com/market/BTC_LOG/

There hasn't been much volume on this exchange but any traders with coin on here are advised to withdraw ASAP. 

Congrats to these exchange operators for your experience in running this exchange admirably! 

Three Years of Woodcoin

On this occasion, let's go through why the logarithmic bitcoin we know as woodcoin is still alive after three years, has increased in value steadily, and is set up for further increase in value:

1) Decentralized

There is no woodcoin company, no woodcoin premine, no woodcoin ICO.  Like bitcoin, there's no person or group of persons who can take a fall, get bought out, compromise, or tarnish this coin.  There's no system of "checkpoints", no "coordinator", no "foundation", and no "woodcoin.com login page".  No single company holding, marketing, or being "official developer".  Just pure coin for people to use.

2) Logarithmic Release

The logarithmic release is still the only crypto monetary policy with a long term plan that doesn't eventually either implode or explode.  Despite the existence of public coin, in which monetary policy is a real verifiable thing rather than a question of trusting some people with special titles and suits, there has been markedly little experimentation in monetary policy.  Lets look at the alternatives which have come up in public coin offerings:

Geometric

Many coins (litecoin, bitcoin, monero, ..) use a geometric curve to increase the supply.  This will quickly leave these coins in a state where their transaction confirmations (mining) will need to be supported by fees.  At that point, there will be a market force, namely the desire to make transactions without paying too much, which will force holders to make at least small investments in other coins.  While a geometric series coin looks great to the early adopters, we can say at that at the very least there will be negative market pressure on these coins as they asymptotically near their supply cap.

Linear

Many other coins (doge, eth, eth classic, ..) use a linear curve - simply paying a fixed amount to miners every block.  This has the advantage that it avoids the problem of the geometric series - there will always be payment for the miners, so the fees will be low.  However it introduces another problem - unlimited supply.  Without a supply cap to point to, it becomes difficult to convince an investor that this is a great store of value in the long term.

Exponential

Some coins, usually proof of stake coins, add a certain percentage of the total supply to the current supply every year.  This leads to an exponential growth in the money supply.  This is done to reward stakers.  While fees certainly will remain low in this scheme, and there is some early potential to benefit from price as people clamor to get some of the valuable initial capital, this scheme often implodes as a ponzi, or becomes centralized.

Delta function

Some coins (NEXT, ripple... ) simply issue all the currency up front in a 100% premine.  This leads to a centralized system, as the only people with the incentive to mine are those who wish to see the system continue, which are those who hold the coin.  Without a miner subsidy there is no other incentive to secure the network.  Such coins can indeed be public, but they are not so decentralized.  This leaves them vulnerable to issues of centralization.

Logarithmic

The logarithmic release schedule gives us a middle ground.  We have a capped supply (for the case of woodcoin, there will never be more than 28 million), so we don't lose the trust of those folks who are inflation averse.  However we also have a slowly decreasing reward schedule, which provides for non-vanishing coinbase rewards in the very long term future.  We also don't lose the folks who are high-fee averse.

3) Proof of Work

Woodcoin is the highest hashpower coin using solely the Skein hash function.  Proof of work is real value in a way that proof of stake cannot provide.  This is the original basis for decentralized consensus.  It represents an incentive to save energy, understand software algorithms, and build better hardware.

4) Public 

Woodcoin is a public coin like bitcoin.  Anyone can see how many coins are outstanding and every LOG creation event is auditable by all parties.  This means counterfeiting and other money supply fraud is not possible.

5) No Counterparty Risk

Like bitcoin and other decentralized coins, it is possible to make a long distance transfer with no counterparty risk.  While holding precious metals also can be done without counterparty risk, the transfer of value over large distances is more problematic.