Depends on what the goal of this project is. Many coins have very high PoS rewards yet thrive, TEK and HBN for example. But no one is pretending these coins are a good store of value. They are trader coins. Is the compound interest of holding my TEK for a few months going to outweigh the effects of inflation? I don't know. It's a bet traders have to make.
If a coin aims to be a real currency and store of value, a lower PoS reward is preferable. If the community is in it for the long haul, I prefer the structure of steadily falling PoS rewards. Say 200% for the first year, 100% for the second year, 50% for the third year, 25% for the forth, settle around 5% for every year after that. It rewards early adopters yet ensures a steady stream of new coins into the market to increase liquidity and grow the community.
It all depends whether the goal is to be an actual currency or a coin for traders. Of course even BTC attempts to be a coin which is an actual currency, yet ends up being used for trading and speculation. So you are kinda damned if you do, damned if you don't.
Personally, I am holding some ICG because I am a sucker for high PoS coins and the coin has a lot of room for growth. Generally I only hold alts in a local wallet if it offers 20%+ PoS interest. If it's lower than that, I'll store them at an exchange. Too many alts out there to bother keeping a hundred different local wallets. Right now, the high PoS is probably good for the coin, but if development continues and the coin adds value in other ways, it won't need such a high PoS % to encourage people to hold. I am enjoying the steady stream of ICG being added to my stack daily but understand if the decision is made to reduce the PoS reward.
So I didn't vote, because I am neutral on the question.
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longtime no see devteam,they are the confidence of NUD market,and the community.
Devs on vacation for a week. They will return in a few days.
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Really? Nothing? God, this coin was soooooo cheap, and still is! Thought this one was a sure thing to rise. Any progress updates? Anything to get people excited?
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https://bitcointalk.org/index.php?topic=713538.msg8062665#msg8062665somebody said: “I can't find any information about why the NUD blockchain is smaller than a normal blockchain” “NUD still use original blockchain model, not mini-blockchain scheme like Cryptonite. You must provide technical evidence to prove your claim. NUD also promise 'complete anonymity' but appearently it's just a promise.” I'm not knowledgeable enough to say whether or not NUD's anonymity method is better or worse than others. I would actually be very interested to see an impartial third-party who knows what they are talking about review the code. As far as the mini-blockchain goes, NUD team never claimed it was implemented. Just that they had a method in the works for implementation down the road. At this point in time, yes, NUD does use a normal blockchain.
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A new coin not pre listed on shitrex..this I will mine It's not new, you can't mine it, and it's existence is just as pointless today as it was months ago when it was being pumped on poloniex. XBC is a new algo?
No new algo, old shit coin. 33k blocks mined already. Are you serious?
It was 100% pre-mined IPO (excuse me, ICO). It literally offers nothing beyond "hey, it's rare and the vast majority is controlled by a handful of trolls from poloniex!". There is nothing to see here. Move on.
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I'm not saying there absolutely ISN'T a GPU miner out there, but look at your hashrate. I am getting 2.3 MHs on a 8320 clocked at 4.2ghz. A hoard of solo CPU miner can easily be pushing the difficulty up to 16 where it is sitting now.
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I just mined 5 blocks including the 1% premine lol..
edit: er nm I don't think I did get it.. it says generated but not accepted in my wallet. oh well would have been cool
Same thing happened to me. Only 1 of my blocks got accepted.
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I noticed this coin and it's ultra low difficulty and thought it would be fun to solo for a bit. One problem I see is apparently this coin has been ultra low difficulty for too long, and the planned effect of moore's law + high power ASICs never really happened. So there is a limit of 100 million coins, but nearly 73 million have already been mined. At the rate coins are coming out at this difficulty, that limit of 100 million will be hit fast. Unless this can quickly skyrocket to a multi-gigahash network and stay there, I don't see how this will not require a fork to increase the total number of coins or reduce the reward, most likely a combination of both.
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Yeah, as soon as I saw the nodes worked, I closed the client and replaced the wallet.dat, they slowly started popping up as I downloaded the blockchain. And already got 0.1 CLAM more for staking!
The network difficulty is generally at or around the minimum. That means that each of your 4.6 CLAM outputs has a 2^20 / (4.6 * age_in_days) chance of staking each second. The distribution was around 72 days ago, and so: >>> 2**20 / (72 * 4.6) 3166 each 4.6 CLAM output will typically take about an hour on average to stake. When it stakes, its age is destroyed, so you won't expect to see it stake again for a while. And the 0.1 you saw is pseudo-random, and can be as much as 1000 CLAMs if you're really lucky. 99% of the time it's 0.1 though. Ok, so forgive me if this has been addressed already, but I'm just curious if I understand this correctly. If I have 50 clams, odds are I am going to hit the same number of PoS blocks in a year no matter if those clams are in one pile or spread out in little piles over 100 different addresses. EXCEPT for that long confirmation time of 510 blocks. If we view PoS in clams as a lottery, the guy that has all his clams in one pile effectively doesn't have a ticket for 510 blocks. So the guy with lots of little piles will end up hitting more blocks, as he is always going to have a ticket. So it is advantageous to spread your clams out as much as possible. Do I got this right?
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Kinda sucks after all that work I only ended up with 4.6 CLAM but oh well. I guess there are far more BTC addresses than DOGE and LTC combined so odds any particular BTC address contains CLAM is probably much smaller than with DOGE or LTC.
That's not how it works. *Every* BTC address that had a non-dust balance on the date in question got 4.6 CLAM awarded to it. Yeah, I just started seeing more CLAM pop up. I guess I assumed I'd see them all at once. I'm up to 27.6 CLAM right now. They should all be in your wallet as soon as it finishes rescanning the blockchain. That takes a few minutes typically. Oh, but maybe you didn't download the blockchain yet - if you're downloading it, you'll see them appear as it downloads. It looks like the 4.6 CLAM awards happened from block 558 to block 9262. Yeah, as soon as I saw the nodes worked, I closed the client and replaced the wallet.dat, they slowly started popping up as I downloaded the blockchain. And already got 0.1 CLAM more for staking!
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Hopefully someone has contacted bittrex? Hate to see the coin removed just as a revival gets into full swing.
Up to block 5084 and 37 confirms on my 3000 coins. Oh, and yeah, I thought to withdrawal the 3000 coins in a dozen chunks of 200-300 coins. If we can just move the blockchain enough to get these coins stake eligible, we will be moving again.
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Kinda sucks after all that work I only ended up with 4.6 CLAM but oh well. I guess there are far more BTC addresses than DOGE and LTC combined so odds any particular BTC address contains CLAM is probably much smaller than with DOGE or LTC.
That's not how it works. *Every* BTC address that had a non-dust balance on the date in question got 4.6 CLAM awarded to it. Yeah, I just started seeing more CLAM pop up. I guess I assumed I'd see them all at once. I'm up to 27.6 CLAM right now.
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Damn it. I just spent the last hour importing all my private keys from blockchain.info and moving all my BTC and any assets I hold tied to a BTC address (maidsafe, XCP, AGS) to new addresses cuz I'll be damned if the clams client is getting any private keys that are worth anything to me. I'm all set to claim my clams and.......client won't sync. 0 nodes. Yes, I am using the latest build. Can someone gives me some nodes?
Try these: # coin: clam addnode=24.67.30.88 addnode=198.245.60.38 addnode=65.102.47.162 addnode=24.184.168.36 addnode=93.103.131.59 addnode=85.17.81.164 addnode=142.4.201.123 addnode=84.194.247.232 addnode=220.253.2.201 addnode=188.116.147.85 addnode=85.17.81.169 addnode=109.223.234.123 addnode=173.68.204.192 addnode=198.245.60.38 addnode=107.192.136.116 addnode=24.238.75.8 addnode=184.9.244.44 addnode=79.206.224.49 addnode=207.61.182.125 addnode=216.46.33.120 addnode=99.233.92.9 addnode=85.191.52.188 addnode=67.201.165.63 addnode=82.26.243.220
Superclam, I see the source code has 4 different seed nodes, are they down or just "full"? connect to address 54.186.94.88: Operation timed out connect to address 54.186.202.251: Operation timed out connect to address 54.186.249.57: Operation timed out connect to address 54.187.138.13: Operation timed out Thanks, that worked. Kinda sucks after all that work I only ended up with 4.6 CLAM but oh well. I guess there are far more BTC addresses than DOGE and LTC combined so odds any particular BTC address contains CLAM is probably much smaller than with DOGE or LTC.
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Solo mining is hard. Where's the pool? There is an open bounty for an external miner. No external miner, no pool. And to anyone complaining about not being able to sync, I have never had any trouble syncing from scratch by just adding addnode=nud.fi, I just did it yesterday and worked fine. I would assume the seed node fix would be included in the 0.0.5 release, but as other fixes are in the works, it isn't causing enough of an issue to warrant a new release and confuse people further.
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Damn it. I just spent the last hour importing all my private keys from blockchain.info and moving all my BTC and any assets I hold tied to a BTC address (maidsafe, XCP, AGS) to new addresses cuz I'll be damned if the clams client is getting any private keys that are worth anything to me. I'm all set to claim my clams and.......client won't sync. 0 nodes. Yes, I am using the latest build. Can someone gives me some nodes?
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God what a mess this thread is! I've been skimming it, but from what I see there are two teams looking for control over ICG development. If Coinler's guys are the ones who can deliver the decentralized slave node concept as outlined in the ANN, they should be the developers. Whoever takes over development should at minimum be able to deliver what made people interested in this coin in the first place.
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Shit! I'm too late aren't I? I bet this sold out pretty quickly. You probably have an inbox full of people begging to buy these coins. A year from now, when I see INTERCOIN in the top 10 on coinmarketcap, I'll feel just like I do when I look at NXT. A second chance at instant riches and I blew it.
Well INTERCOIN investors, I guess all I can say is congratulations. Enjoy that Maserati you'll be driving next year. Meanwhile I'm stuck with this stupid, slow, old BTC. Fuck my life.
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LION needs some sort of marketing. It is getting no attention whatsoever. Even the whitepaper got it one or two spikes and that was about it.
Honestly, the only reason I am here is because I was lucky enough to just stumble across this thing 10 minutes before launch. I only reason I didn't dump my coins as fast as I could was because the dev is a full member and not some anonymous newbie who signed up yesterday, and he promised a whitepaper describing "unique" features. Well he delivered the whitepaper, if he can manage to make good on implementing what is described within it remains to be seen, but it's at 802 satoshis right now. That sets it at a market cap of about 7000$.
It needs better marketing. I know they say "you can't judge a book by it's cover", but there are so many coins out there that if nothing in the ANN title is enough to catch your eye, most will just keep scrolling. I know if the circumstance of me discovering the coin right before launch hadn't been so, I would just scroll past it. I'd see LION and think PND, RBBT, DOGE, CAT, MAMM, and so on and figure it was just some worthless animal themed coin offering nothing different or interesting, and never even enter this thread.
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