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Hmm, I'm not sure why I only see 1 active connection on the network. Can you please paste in all the nodes do have? What wallet version are we on? Is this still current? addnode=104.131.74.40 addnode=108.21.118.27 addnode=115.28.42.60 addnode=121.73.217.8 addnode=122.168.23.46 addnode=122.168.29.171 addnode=124.168.89.113 addnode=178.22.68.105 addnode=178.22.68.156 addnode=184.16.252.214 addnode=188.2.27.84 addnode=204.11.237.233 addnode=208.167.254.42 addnode=24.98.149.31 addnode=50.35.178.177 addnode=54.72.74.221 addnode=60.53.177.77 addnode=62.210.114.57 addnode=75.135.70.242 addnode=75.72.180.107 addnode=76.64.86.164 addnode=79.111.190.252 addnode=79.169.165.92 addnode=81.84.41.156 addnode=91.232.105.11 addnode=92.170.7.159 addnode=95.116.148.108 addnode=95.116.165.179 I've been out of the game for a long time. I forgot I had some coins in an old wallet. I have like 27000 blocks and I need to get to half a million for a full sync. Am I going to have to wait a couple months to sync before doing anything? I want to send them to trex but my wallet is taking FOREVER to sync and says there is only 1 active connection on the network. Any suggestions or shortcuts I can take?
 16 active connections which is more than 99.9% of the altcoins out there  |
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I've been out of the game for a long time. I forgot I had some coins in an old wallet. I have like 27000 blocks and I need to get to half a million for a full sync. Am I going to have to wait a couple months to sync before doing anything? I want to send them to trex but my wallet is taking FOREVER to sync and says there is only 1 active connection on the network. Any suggestions or shortcuts I can take?
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any reason the wallet is disabled on trex?
They are updating it Can you check on the wallet update on bittrex? I have some Vaultcoins that I can't move to my wallet. I feel I'm missing out on staking rewards  Everyone, help by retweeting this: https://twitter.com/TheVaultCoin/status/545576176790802433Today is the day Bittrex says it will delist Vault with low volume. Not sure if their threshold has been reached to stop it from being desisted but it's shitty that I can't even move my coins off. I actually think the wallet has been disabled the entire time the delisted warning message has been posted. rentodev/haxmb, I think you need to send another email to trex. Ok, Rami realized the wallet if having issues and took it off the delist list. Maybe it will get fixed now  https://twitter.com/ramikawach/status/546045989518200832 |
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any reason the wallet is disabled on trex?
They are updating it Can you check on the wallet update on bittrex? I have some Vaultcoins that I can't move to my wallet. I feel I'm missing out on staking rewards Everyone, help by retweeting this: https://twitter.com/TheVaultCoin/status/545576176790802433Today is the day Bittrex says it will delist Vault with low volume. Not sure if their threshold has been reached to stop it from being desisted but it's shitty that I can't even move my coins off. I actually think the wallet has been disabled the entire time the delisted warning message has been posted. rentodev/haxmb, I think you need to send another email to trex. |
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any reason the wallet is disabled on trex?
They are updating it Can you check on the wallet update on bittrex? I have some Vaultcoins that I can't move to my wallet. I feel I'm missing out on staking rewards |
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FYI - I have no problems moving coins between bittrex and my wallet. I'm also successfully staking in an encrypted wallet so all is good. Looking forward to future developments CrowdWhale!
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I thinkit would be wise of me to remove all my sell orders under 30 sat |
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Ok, I've rethought this a bit, and come up with something that may sound a bit radical, but let me explain:
NO transaction fee.
10% interest for 2014.
06% interest for 2015.
04% interest for 2016.
03% interest for 2017.
02% interest for 2018.
01% interest for 2019.
00% interest for 2020 and beyond.
Q: Why would anyone keep their wallet online if there's no reward?
A: 1) Currently there's no reward for it anyway. After a prolonged period of being offline you still get your interest when you connect.
2) With no interest for staked coins, exchanges, websites, merchants, etc. are free to stake their customers' deposits and help to secure the network.
3) Large holders will also have a vested interest in keeping their staked coins connected so they can maintain a share of the stake weight and thus protect their interests.
With 0% interest we've got ourselves the first truly finite supply of currency. There will never be any more or less. Adoption will cause the value to rise without being weighed down by a constant supply of new coins. Early investors will be attracted by an initial interest rate of 10% and that investment will slowly be replaced over 5 years by adoption. The little guys (the poor) will have a truly free payment network provided by those who make money from their deposits. This seems very egalitarian to me, unlike the system of paying people for being richer.
Issues:
1) I think the transaction fee prevents spam attacks on the network. Could a minimum transaction size solve this?
I like the direction this is going. I believe a min transaction size is necessary to deter abuse on the network - what that size is, I don't know. |
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So what's your projected transaction cost if you used a 0% reward model? Also, I thought you needed people to keep wallets open to ensure health of the network and participate in confirmations. Speed of transaction is important, I don't want to be sitting for 20 mins waiting for my confirmations to go through. Look at Pinkcoin, you move coins, it requires 6 confirmations that happen really really quick.
I don't know the answer to this but would increasing the amount of supernodes, reduce the need for people to have their wallets open confirming transactions?
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50 BTC is crazy. I only have like 30 posts, I may just create a new account become a noob again. Thanks guys for answering.
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Is there a way to change my name here? I'd like to change it to match my twitter name, CryptoMcFly or CryptoFlux
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Been trying to buy more since 6 sats and the price just keeps drifting slowly up away from me. I guess that's a good thing =)
I had the idea with Mythril to raise the transaction fee and change the interest to 0%. The purpose was to reward only those who kept their wallets online to process transactions, rather than just anyone with coins. However, since I'm not starting this coin from scratch I don't want to be overly disruptive to investors. I'd like to get the inflation rate below 3% per year and I think 5% interest would achieve that.
Proposal #1:
10% interest for the remainder of the year.
5% interest for 2015.
4% interest for 2016.
3% interest for 2017.
2% interest for 2018.
1% interest for 2019.
0% interest in 2020 and beyond.
Proposal #2:
10% interest for November.
5% interest in December.
3% interest in 2015 and beyond.
Proposal #3:
10% interest until 11/15/14
5% interest after that.
Thoughts?
Here's a few thought, I would say proposal 2 seems the most attractive. There are 130M coins total. We don't need any high inflation due to large vol of coins but we do need to provide some incentive to reward existing and new investors during this relaunch phase. With a 0% inflation, I feel nobody will want to keep their wallets open and it will be tough to move coins. |
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Nice work! I just lit up my wallet and it's syncing now.I'll leave it open and move some coins there to help stabilize the network and stake.
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I bought and sold a bunch to keep it from delisting. Thanks also to cryptoholic11 for doing the same before. It's still live on Bittrex and the delisting notice has been removed.
I'm working to get the wallet functional, but I still haven't had contact with techlover, so I hope he's on board with this. Going to have to set up a seed node.
Stay tuned! =)
Did you see from earlier on this page, BBmmBB also showed interest in this coin from his comment to techlover. |
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Hey CrowdWhale, I applaud you for trying to keep this coin alive. I'm actually in the opposite situation. I have all my coins at Bittrex, my wallet at home loads up fine but won't sync, so I can't move them anywhere. . . . I can't code but if you want, I can keep this coin alive by selling and buying up my own coins, I've got more FLEX that I'd like to admit. That may buy you some time to get your other coin off the ground. I think this coin is safe for now with the vol it got this past week. DM me if you want to talk about his more.
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Looking at the road map you set out I agree you should rethink 200% staking reward annually this will only lead to a huge loss of value in the future. Maybe set out a five year staking plain starting with 100% on year one and ending on 10% on year 5 and continuing with 10% for the life time of coin...
100% year one 3000 Vaultcoin
50% year two 4500 Vaultcoin
25% year three 5200 Vaultcoin
20% year four 6240 Vaultcoin
10% year five 6860 Vaultcoin
I done the figurers in my head so I know is not hundred percent correct, just rough guide line.....
Sorry could not see how a 200% staking reward will do any good for this coin then lead to a huge loss of value .
This is a good plan! Still keeps this coin count low and gives people incentive to buy and hold now. This sounds pretty good, we'll look into it! - haxmb I see now problem with 200% for 1st year.total coins for first year is still only going to be 4500. which is still very low.i really think we need to do something soon though before we are no longer on an exchange After thinking about this, the amount of Vault coins generated each year will be less than in the projected example from tony1970 because coins will be split between the exchange and wallets. Correct me if I'm wrong but Bittrex doesn't keep coins that are staked but others may. . . 1500 additional coins the first year may actually be like 700-1000 imo. You could also look into the vPOS staking that Vericoin and ARCH are doing. Basically the more people that stake in their wallet, the more additional coins you generate in your wallet. ARCH is setup for between 3 - 20%. Vault being much fewer coins, you can kick this number up between 50-100% for the first 5 year, then settle on 10% after 5 years for the life of the coin. With all this said, I don't think this coin will ever get above 10,000 coins. This still makes the coin count pretty limited. |
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Looking at the road map you set out I agree you should rethink 200% staking reward annually this will only lead to a huge loss of value in the future. Maybe set out a five year staking plain starting with 100% on year one and ending on 10% on year 5 and continuing with 10% for the life time of coin...
100% year one 3000 Vaultcoin
50% year two 4500 Vaultcoin
25% year three 5200 Vaultcoin
20% year four 6240 Vaultcoin
10% year five 6860 Vaultcoin
I done the figurers in my head so I know is not hundred percent correct, just rough guide line.....
Sorry could not see how a 200% staking reward will do any good for this coin then lead to a huge loss of value .
This is a good plan! Still keeps this coin count low and gives people incentive to buy and hold now. |
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Not sure if anything is cooking, but someone bought a shit load yesterday. Price spiked to 23 sat. I may pick up some more just for the hell of it. It's cheap and you never know.
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Are their any nodes up? I can't sync my wallet and I'd like to transfer a bag of coins from Bittrex to my wallet.
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We're walking on egg shells people, let's heal the wounds before playing these FUD jokes again . . .
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