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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] R3D - BITTREX CFC - Decentralized encrypted content, voting, reputation
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on: August 03, 2015, 02:28:20 PM
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I don't understand what the fuss is all about when it comes to the amount requested. 1 million evaluation is nothing when working on a project with a given the details above, between 3-5 devs (guessing), if this is what they will be working on full time for more than a year. Now with that said, on the anon dev side of things, I am sure they have their own reasons to stay anon, right or wrong. The important question is, as stated couple of post back, what will be the Conditions of distribution? If funds are released as goals are met, I see no problem. Also, what happens to the devs once they "complete the project" or funds run out or what happens to the remaining funds if the project stops for whatever reason.
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636
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XRA] RateCoin | 30% PoS | 30 Second Blocks | Community Take Over Thread
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on: July 14, 2015, 03:43:21 AM
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Very nice, I like the concept, this will definitely be another interesting experiment. Can't wait for the fork. I would like to propose the following rate schedule: int64_t nRewardCoinYear;
int nTimeDay = 60 * 60 * 24;
if(nAge > nTimeDay * 256)
nRewardCoinYear = 25.6289 * CENT;
else if(nAge > nTimeDay * 128)
nRewardCoinYear = 17.0859 * CENT;
else if(nAge > nTimeDay * 64)
nRewardCoinYear = 11.3906 * CENT;
else if(nAge > nTimeDay * 32)
nRewardCoinYear = 7.5938 * CENT;
else if(nAge > nTimeDay * 16)
nRewardCoinYear = 5.0625 * CENT;
else if(nAge > nTimeDay * 8)
nRewardCoinYear = 3.375 * CENT;
else if(nAge > nTimeDay * 4)
nRewardCoinYear = 2.25 * CENT;
else if(nAge > nTimeDay * 2)
nRewardCoinYear = 1.5 * CENT;
else if(nAge > nTimeDay * 1)
nRewardCoinYear = 1 * CENT;
else
nRewardCoinYear = 0.25 * CENT;
The scheme here is that for each doubling of the time you hold the output before it stakes (ie the "block" of coins) you will receive an extra 1.5 times more in rate paid out. This system will create upwards momentum on price because it encourages long term holding of the coins, which will keep them off of the sell side of the order book. I beleive the numbers could be more aggressive and pay long term holders a bit higher, but have had several people say they want low inflation rates. I would also like to raise the block target to 3 minutes. This will mean that difficulty will be increased (which will fight off the decrease in difficulty from coins going offline for extended periods) and that the network will be safer. Longer block time also means a lighter weight client that doesn't consume as much resources and won't grow a bloated blockchain as fast. Edit: I should also mention that I would plan on adding the ability to select an output (coin block) in coin control and tell it to not be eligible to stake for a certain amount of time. So if you wanted to stake some blocks after 2 days and some blocks after 32 days, it would be an easy thing to do. |
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637
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XRA] RateCoin | 30% PoS | 30 Second Blocks | Community Take Over Thread
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on: July 13, 2015, 02:32:14 AM
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Remy and I (mostly Remy) have successfully found the root of the staking problems. Essentially some bad data type uses in the staking code. A solution will be easy to implement and will require a hard fork.
I think for a coin with a name like "RateCoin" it would be a good idea to have a reward system that pays a higher stake rate the longer you hold the coin. Maybe have a few different brackets for different periods of time. What is everyone's thoughts on such a system? I think it would really set this coin up to be unique.
I agree, coin should stand by its name. Brackets would be nice, kinda incentive for early adopters. What if interest rate also went up as diff goes up, but with some inflation controls in place, so even though stakes increase, rates decrease due to high diff. (just thinking out laud  Also guys, dont just type +1, your posts will get deleted by forum mods. Great work presstab and Remy, you did more work in a single day than most devs in weeks/months. And thanks for the Block Explorer (on crack) as well. http://www.presstab.pw/phpexplorer/XRA |
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639
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [HXX] No ICO / No premine | YoBit | "A" rank by Earlz
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on: July 13, 2015, 01:49:37 AM
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masternode costs 10000 hexx
reward 1hexx/block shared to nodes, 1440 coins daily to divide by node numbers
+ the bonus, there is a stake for all coins in masternode wallet:
just remove staking=0 or put staking=1 before deleting masternode or sending coins out of mn wallet
and wait so long that you get your stake.
basically, setting up masternode you are not losing this normal 25% pos interest.
Thanks for that info. note that under "My Hexx Nodes" tab, when you click on "create", it states that one must send 50,000 HXX to the collateral address. I am in process of getting tip/game bot setup for the IRC channel, #HEXXcoin ( http://webchat.freenode.net/?channels=#HEXXcoin) must fix it.. there is lot of job to be done Thanks for your effort, I'll help where I can, not much of a dev but I can help with testing, graphics and promo. |
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640
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [HXX] No ICO / No premine | YoBit | "A" rank by Earlz
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on: July 13, 2015, 01:36:08 AM
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masternode costs 10000 hexx
reward 1hexx/block shared to nodes, 1440 coins daily to divide by node numbers
+ the bonus, there is a stake for all coins in masternode wallet:
just remove staking=0 or put staking=1 before deleting masternode or sending coins out of mn wallet
and wait so long that you get your stake.
basically, setting up masternode you are not losing this normal 25% pos interest.
Thanks for that info. note that under "My Hexx Nodes" tab, when you click on "create", it states that one must send 50,000 HXX to the collateral address. I am in process of getting tip/game bot setup for the IRC channel, #HEXXcoin ( http://webchat.freenode.net/?channels=#HEXXcoin) |
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