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~25,000,000 Million Proof of Work Coins That means 25,000,000,000,000 coins will be minted. Isn't that pretty high? |
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It's because someone is instamining.... You'd think they'd be considerate and let others mine, too. We just have to wait until the retarget.
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I know that PoS can be used to make 1% inflation, so how would one go about making a 1% deflation? [I'm coupling it with PoS, don't ask why, I just am as a project].
I know it isn't as simple as using TxFees, and I don't want to destroy all TxFees. I just want to destroy 1% of the coins over a 365.2425 day length of time. That way it would make room for the new 1% of PoS coins.
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It must be possible to find the amount of coins being sent and make the fee:
float Tx_Fee = Amount_Being_Sent * 0.01 + MIN_TX_FEE
How would I go about doing such a thing?
PSYou don't have to have them in change wallets, you just have to have enough coins for the entire Tx. Then, the Tx_Fee - MIN_TX_FEE would be destroyed, and the MIN_TX_FEE would be sent to the miner.
If it is utterly and disappointingly impossible, how would I implement 1% deflation? It must be possible.
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Someone PLEASE help me? I'm racing one of my colleagues to get this coin finished.
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Hio, y'all!
I am in the process of making a revolutionary CryptoCurrency, but I need help with the TxFee amount.
My question is: How do I make it so there is no DEFINED TxFee? What I need to have happen is that you need to send 1% the amount of the original transaction's amount as a fee [it will be destroyed, hence 1% deflation]. For instance, I have 100 Coins in my wallet, and 1 coin in a change wallet, and .01 in another. I am going to send 100 Coins to a friend, and since 1 Coin is 1% of the original 100 coins, it will use that as the fee to be destroyed, but the .01 will not. [That way miners get the fee]
The miner gets the .01 Coin fee, and the 1% fee is destroyed. The other 100 Coins go to my friend.
Is this possible, and if so, can someone help me to make it happen?
Sorry if my post is nooby, but I am new to designing brand new coins.
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that's not proof of stake. the example you provided merely shows a proof of stake coin with inflation. proof of stake can be implemented without inflation.
Can you name one coin that implements proof-of-stake without any form of inflation? I'd say a coin with both proof-of-stake and proof-of-work and without the inflation, would be a very great coin indeed! I am not aware of one that exists. why don't you make one? I'm in the process of making a new revolutionary CryptoCurrency that uses Darknets to its advantage along with having a smaller blockchain size and being fair towards all miners, whether they come early or not. It also has PoS w/o inflation, and won't deflate. I will keep you tuned on its progress. |
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Inflation is bad, deflation isn't too hot either though.
Ideally you want to tie money quantity to population, problem is that can only be done with fiat currencies and those love their inflation too much
Inflation is bad, deflation isn't too hot either though. Is NO ONE seeing MY posts? I'm trying to make it as clear as day that there doesn't have to be inflation OR deflation. You can just have new unspent outputs instead of your old coins! Gah! I give up trying to make people around me see my reasoning.  Edit: sorry for being rude, I just have had a bad day. I just didn't realize people WERE reading my posts about PoS not being bad. |
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As far as I know, there is no coin that supports PoS without inflation. It would be a cool concept, and I'd be happy to make it, if I knew how. Basically, you'd have to send 1% of the coins as a TxFee, and destroy the TxFee in each Transaction. Then, you put the PoS's 1% interest in play. You destroyed 1% of the coins, and are now getting it back, but without the previous history behind each one. It's a brand new unspent output in place of your previous coins!  |
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Thanks for your honest opinions as for the price we are looking at btw $15 to $19 as it includes shipping + tracking number
There's no hologram sticker on it but we include unique serial number for registration to new owners
For this series 1 coins there are no hologram or private keys on it ... As stated on our 1st post we are still testing the physical coin market that is why the series 1 coins are unloaded ... We also intend to produce litecoins worldcoins peercoin and etc in the future
I [and many others] would really like it if you created AnonCoins. It is mainly for Darknet use, but having just a few of these myself would make me extremely happy. I'd love to be of service, even though I am not legal for any type of hired-labor [labor laws suck for me]. I may even be able to contact some people who'd like to get in on the business. Just let me know, and i'll see what I can do for you. I think having them for the following coins would be a good idea: AnonCoin [YAY] [Black Enamel and Silver Plated {Maybe with the I2P Icon from the bottom of the Client on the side of the coin}] SexCoin [Plated in rose-Gold and White-Gold] FeatherCoin [Plated in Silver &/or a very LIGHT Platinum OR Palladium finish] PeerCoin [Gold or bronze plate w/ a Green Enamel] NameCoin [Silver and Dull Light Blue enamel] PrimeCoin [Plated in Gold] BetaCoin [Gold and Copper] And finally NetCoin [Like BitCoin] |
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There maybe some specific implementations that operate the way you suggest. But, proof of stake itself does not needs to be any different, inflation/deflation wise, from proof of work.
What about this: "Peercoin is designed so that it will theoretically experience a steady 1% "decentralized" inflation per year (inflation for each user is proportional to the number of coins they have), yielding an unlimited number of coins. This is a combined result of the proof-of-stake minting process, and scaling of mining difficulty with popularity.[1] Although Peercoin technically has a cap of 2 billion coins, it is only for consistency checking, and the cap is unlikely to be reached for the foreseeable future. If the cap were to be reached, it could easily be raised, hence for all practical purposes Peercoin can be considered to have inflation of 1% per year, with a limitless money supply." - Referenced Wikipedia article: http://en.wikipedia.org/wiki/Peercoin that's not proof of stake. the example you provided merely shows a proof of stake coin with inflation. proof of stake can be implemented without inflation. Kind of like I said earlier, right? It would be more anonymous, too? [don't know if that is true]. |
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Lets' say the PoS is at 1%. If the TxFee of was destroyed, and the TxFee was calculated to be 1% of the overall amount of coins you'd be sending, wouldn't it just cancel it out, and create newer, unused coins? That would make it harder to track you down if you sent a LARGE bunch of (small) unused outputs [Coin Control], right?
It would destroy some of the coins, and make it so they would no longer be traceable, or something? [Sorry for any misconceptions, I'm a newbie to this stuff].
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I had to change the mydestination= in my config for some reason. It would not use it and would use a dynamic address. So heres the new b32 one: viptekiiwmx4ibszmtkev5loexw2qonojgdtb7qdcct3mgeiowmq.b32.i2p if you want the long one, PM me and I'll send it your way. Also, here's my review on CoinCloud.no: I love it. It is simplistic and Aesthetically pleasing to my eyes. I know it is in Alpha-Testing so I am not being too strict; I'm being strict enough. I am able to quickly and easily upload files that I choose. There is a Calendar, and other things that you can fill in [I'm not sure right now because I'm unable to log in atm]. All of all, it's a pretty neat service for ANC. Keep up the good work! |
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I was on the concloud.no irc server and was talking with @mikalv and he said he'll take a look into what is causing my client to think it has a dynamic i2p address when I clearly set the mydestination= flag in the config. If anyone else knows how to fix this, please let me know. thanks!
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The way it works seems a lot like Zerocoin. Is it anything like it? Yes, possibly. I've mentioned it earlier in this thread that we're looking on the possibility to add a such feature, making it native into the client, so the "rooms" where people meet to sign transactions are distributable by the client itself, and not a central server. I've also worked on a idea that might suit this coin well. It will at least if not anonymizing you totally make it a really mess in the blockchain for a blockchain analytic to find out what went where. I will publish my idea when I'm more sure about all the aspects of my idea is solid proof. Or at least as good as it can be I'm curious to test it out!It sounds quite interesting, meeh! |
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The way it works seems a lot like Zerocoin. Is it anything like it? |
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Congrats on getting to vicurex.
Hey btw guys I think your lottery doesn't work.
I sent 1 anc yesterday and the page never responded.
I sent 8 to it once, and I got no confirmation for 6 hours. I gave up. |
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Hi, again! I just wanted to let you know, again, that the ANC Lotto is down again with the EXCEPTION of I thought it would be nice to let you know; and the ANC Faucet is giving me HTTP 500 errors. |
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Hey, guys! I remember asking about an implementation of a webpage that shows an active list of p2p nodes, and I was wondering: Is it possible to find other online i2p/tor nodes, [through the daemon] and connect to them directly? (e.g. I go to the debug window and type 'findpeers [net] ' with [net] being Tor/I2P, and it returning a list of currently active I2P/Tor nodes.) It may help us [newbies] get a few more connections.  Second, I really like the idea of the Austral Currency symbol ( ₳) for ANC. I can try to make a revised version of it that Incorporates the ₳ + NC. I doubt that I'll have much luck, as my cgi skills are minimal [just about as useful as an American trying to pronounce a Polish surname]. Third, if and when you do implement the PoS service into the ANC daemon, will you put a cap on how long you can wait before the coins are forgotten and not put in line to be mined for interest? [For PPC it was 90 days, I believe]. { http://www.reddit.com/r/ppcoin/comments/1djlhz/question_regarding_pos/} I do not know if I understood the thread completely, but I assume this is what it was talking about. If you do plan on putting a cap in, how long do you estimate it will be? [P.S. how are PoS coins mined? Are they just treated as transaction [from nowhere], or are they treated as being mined?] Thank you for reading this, and if you can answer these questions, please do so for me! I really want to stay as up to date as possible on this coin! |
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how far is your zerocoin implementation?
Was just coming here to ask the same thing. Any updates? It's still in an early stage. The first part will be implementing the early alpha of Zerocoin into the Anoncoin testnet, then comes the testing to discover bugs within Zerocoin itself that the Zerocoin devs will be working on. I would not expect a fully working zerocoin implementation until the end of the year at best. If it works flawlessly the first time around (personally I believe there's a ~1% chance of that happening) it would probably be complete during november. I wish you luck on the implementation of Zerocoin into Anoncoin! I'd be happy to be a beta-tester for you! Also, I notice that on http://faucet.anoncoin.net that it tells us how many nodes are online (top-right corner). Is it possible to have a page that gives us a list of nodes that are online to connect to? I would find that very helpful to get more peers when connections are low! |
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