-snip- 0.24999772 BTC went to some random address that I don't know of. -snip- WTF is this shit? Did I just get robbed or what?  Thats your change. You used a 1 BTC bill to pay 0.75 BTC to your friend and 228 Satoshi to the miners. Your change is thus 1-0.75-0.00000228 = 0.24999772 BTC You can see the address is part of your wallet if you enable coin control (Settings -> Options -> Wallet) and go to Send -> Inputs -> List mode Weird, I never knew about this. Thanks for explaining it to me. But why would the TX fee have changed? I've never touched it? I've done hundreds of transactions without anything like this ever happening....... What wallet version are you using? |
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Just stumbled onto this project. Is any work being done for point of sale with crypto in the MJ industry?
You should consider investing. The issuer is not anymore that reliable as he was once. Behind the scene we have to put alot of pressure and work into it to make him move. Sounds similar to some other projects I know...I have to admit that's not exactly encouraging. As a whole I think the single biggest problem for any crypto <-> MJ relationship is that most sales (or swaps, exchanges, whatever) are currently done in person for this industry. Even where recreational usage is legal, its rarely legal to ship so that rules out most online sales for the time being. That's why I asked what if anything was being done with point-of-sale systems. Specifically I'm thinking of a payment platform for any cannabis related business to accept a cryptocurrency easily in person. I think anything I invest in would have to be working in this direction somehow. |
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Just stumbled onto this project. Is any work being done for point of sale with crypto in the MJ industry?
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I have been trying different amounts for the max split setting using this address: PSbEfgz1EVA5z2mNwwbiTftgPBzFjhY6p5
The latest amount I have been testing is a max split setting of 100.
Some observations...as we already know, reducing the max stake causes you to stake more often but with a smaller reward. The address above has about 81k worth of Potcoin but only about 6K is currently staked leaving the rest for new blocks or to be spent. The wallet anticipates a new stake every 6 minutes with the current difficulty of .0024.
When I was testing with a max split of 5K about 46k was staked with whatever the difficulty was at the time. We know that decreasing the max split will cause more stakes to occur but also increase the difficulty.
I think the time coins spend being "staked" is 8 hours before they are available again.
Thoughts?
It seems that making the value smaller would make the coin more usable. I brought up earlier that people looking to use the coin in a transaction can't stake their coins, missing out on possible interest. Having a smaller % of coins staked at any one time would help. Plus that's more staking, which should improve the network's health. I don't know if its really necessary to make it user selectable. I think we should be able to come up with a reasonable value that works well, at least for now while the network is small. |
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If you have a Pi download Minera, it has great drivers built in for the G-Blades. Something else to remember with these, I use CGMiner and you have to start the miner then quickly plug the boards into the USB (or power on the hub), it will start hashing then. With Minera, you can't solo mine but no issue with the blades
+1 for this. Also in my experience cgminer is much more stable than bfgminer for the Gridseed units. I don't know if it was my setup but I constantly had boards going down when using minera + bfgminer. After awhile one or more would just stop hashing and I had to restart the miner. I switched to cgminer and those problems stopped completely. But if you use Minera, they both come pre-installed and you can decide which works best for you. Also just want to mention you don't necessarily need a Rasp Pi to run Minera. Its based on the Debian Linux Distro so you can install it on any regular computer as well. You just need to have a USB hub for the miners to plug into. Edit - link for Minera OS for anybody interested: http://getminera.com/ |
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Such BS.
Now tell me about initial distribution of USD or Apple stocks.
The part where there are laws ? Ever heard of criminal law ? One again you guys try and pull that analogy and sorry you fail hard. You can't compare a scene with laws with one with out. period. So let me get this straight. According to you if I use Bitcoin, laws don't apply to me. What kind of idiotic statement is that? The same laws that apply to me apply to you and everybody else regardless of the currency they use. The problem isn't that there are no laws, its that there is nobody to reliably enforce them. Bitcoin is an entirely new concept and its going to take time for people to figure out how to integrate it with the rest of society. The internet as we know it is going on 30 years old and the US is just getting around to passing legislation to ensure equal access. These things don't happen overnight and Bitcoin has a ways to go. In the meantime will there be worthless scam coins and pump and dump schemes? Sure. So what? Ever heard of penny stocks? Market manipulation and scams are part of society, not just the Bitcoin scene. what was that ? LOL you still fail hard.. no you are wrong and your own comments prove my point ahahha How so? Or have you run out of intelligent things to say and now you're just telling people they're wrong? |
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Such BS.
Now tell me about initial distribution of USD or Apple stocks.
The part where there are laws ? Ever heard of criminal law ? One again you guys try and pull that analogy and sorry you fail hard. You can't compare a scene with laws with one with out. period. So let me get this straight. According to you if I use Bitcoin, laws don't apply to me. What kind of idiotic statement is that? The same laws that apply to me apply to you and everybody else regardless of the currency they use. The problem isn't that there are no laws, its that there is nobody to reliably enforce them. Bitcoin is an entirely new concept and its going to take time for people to figure out how to integrate it with the rest of society. The internet as we know it is going on 30 years old and the US is just getting around to passing legislation to ensure equal access. These things don't happen overnight and Bitcoin has a ways to go. In the meantime will there be worthless scam coins and pump and dump schemes? Sure. So what? Ever heard of penny stocks? Market manipulation and scams are part of society, not just the Bitcoin scene. |
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.....consolidation, while an excellent idea, would really be a pipe dream and will never EVER happen given the personalities at the helm of all these coins are either no where to be found, can't see past their own egos or are just unprofessional imbeciles who no one would ever want to work with.
... Yadda yadda yadda ....
Anyway, sorry for the tirade....I needed a .moment to vent.
pinchecobadre A much needed therapy session! Lets all go out and drink or inhale something together!  The adoption and ease-of-use, will be a good indicator of which of the coins should be supported. That is where the discussions in the thread, I think (my small opinion), should be the focus at this point. Agree with this. Also its interesting that nobody associated with the Potcoin development team has had anything to add to these discussions. Maybe that's the problem. We're all assuming there is still a development team running this thing, but maybe its been quietly abandoned after the PoSv screw up and we're all just wasting our breath. I think anything we do toward greater adoption has to begin with some sort of mobile wallet or payment app. Its the only way I see an average person picking this up. Based on the road map I saw from ~5 months ago a mobile application for iPhones and Android was supposed to be launched back in August: http://www.potcoinjoint.com/forum/potcoin/press-news/3307-potcoin-development-roadmapSo what ever happened to that, Is it just vaporware? Has anything been released or any updates provided? |
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I don't think changing the coin is the solution to anything right now. The technology has already far outpaced the market, at least as far as the blockchain is concerned. The industry we're all targeting is largely storefront retail businesses. Sure there are online head shops and such that will accept crypto currency, but most stores today are not doing that. Also last time I checked sending drugs through the mail was still illegal. So people are not going to be doing that with this coin (mostly...)
I think the biggest problem we have is making this thing (whatever it ends up being) work smoothly during in person sales/exchanges. And ATMs are not the answer.
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What is the purpose of this "supernet?" Is there any plan for a single consolidated wallet? Will a user be forced to transact in multiple currencies? Its hard enough getting people to accept a single cryptocurrency as viable how do you plan to sell them on a handful of currencies at the same time?
I don't understand how combining multiple coins into a "network" is going to serve any purpose. Its all just code. if you want a feature from another coin somebody just has to write it in (ahem...PoSv anyone?). A "supernet" will just confuse things and require a more robust development team to maintain it all. We barely have a development team capable of running a single coin let alone a network of them.
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Bump. Price updated. Now asking 0.6 BTC plus shipping
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I'm sure nothing is being worked on. Awhile ago we started talking about point of sale for the coin and all I heard was crickets from anybody in the development team. I've seen nothing of note for awhile other than the algorithm switch. The drop in price was from 2 large selloffs on Cryptsy about a day apart. Probably some people who logged on to sell off coins and withdraw after reading the recent stuff about Cryptsy. |
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How are stake earnings if I open full node for this coin?
Depends on how much you have  Rate is 5-6% annually |
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ya I remember the 14.4k, first computers i build were amd 486DX2 66MHz cpu's, 8MB ram, 40MB hdd, DoS 5.0 with Win3.1, lol
Did it have the turbo button?  -Fuse I was playing around on an apple IIe when I was in grade school, my first personal pc after that was an unnamed tower that had a bad gpu so it couldn't run 3.x, had to do everything in DOS  Before that I was reprogramming and teaching my parents how to use a word processor my father had for work. Commodore 64 for xmas when I was 5. I pretty much learned to read by reading the BASIC programming book that came with it trying to get that damn computer to talk to me like in the movies lol. After that it was a monochrome 286 with a turbo button( https://en.wikipedia.org/wiki/Turbo_button). Many games of solitaire were played on that thing... you just made sure not to win because the cascade of cards would grind that thing to a halt. Then the iterations of all the processors in various hand-me-down computers after that. Speaking of parents, I was responsible for doing the 30+ diskette backup of my dad's work computer.... "insert new disk, press ok when ready" and then wait for 5 minutes. If I was old enough then, I would have been looking for some magical, recreational substance that would have made the boring repetitiveness less boring. -Fuse Worst name for a button ever on a computer btw. How many people smashed that button over and over only to slow things down? |
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This ^
Nobody in their right minds is going to start accepting POT right off the bat unless they already know about and support cryptocurrencies. Bitcoin has been going through the same thing. The solution so far has been for services like Bitpay to allow a customer to pay the payment processor in cryptocurrency, and the merchant to be paid in USD or whatever else they want. This is how you get merchants to accept POT, by doing it indirectly. Eventually the hope is that the community continues to grow, and along with it the value of the coin. At a certain point it becomes worth it for those merchants to hold some of those payments in crypto, not fiat. And then to eventually spend some of it.
Trying to convince a shop owner to accept a digital currency they likely have never heard of is going to sound a lot like a scam. But if you come to them with a service that guarantees they still get paid the same amount in USD they would otherwise make, they're going to be more likely to try it. The question is, can this work with Potcoin and the MJ industry the way it has with Bitcoin.
100% agree. Ultimately, this is where POT needs to step outside of it's niche and find a way to market itself to a broader market that is either directly or indirectly related to M/R MJ as a whole. A lot of points on this could be taken from country coins that more effectively try to emulate the full-circle economy. A dispensary owner is going to get burnt out on POT(no pun intended) if all they can use it for is buying stuff at dispensaries. That kind of makes it pointless. Yes, it may allow them to make more sales, but for them to truly adopt a pro-crypto stance, and more-so a pro-POT stance, is to allow them to purchase things other than what they themselves sell. I would even say that getting taverns or corner stores to accept it is ideal. Let them buy a beer at the end of the day with POT. Let them go to the quikmart down the street and pick up a bag of funions . Until that happens, they will want to drop the bag as soon as possible, and we still don't have true fundamental adoption. -Fuse Yes this is probably right. But the problem here is that we are now competing against BTC, LTC, Eth, etc. Not necessarily the end of the world but it could hurt. I think the key is to market the coin to a specific industry while providing a payment platform that could be used with anything. But IMO the absolute biggest challenge to this system is the brick and mortar stores. An online shop is incredibly easy to deal with. A browser plugin is all it would require on the merchant's side, they just have to integrate it with their website. From the payment processor's perspective they would need all the appropriate licenses but essentially you are acting as a personal exchange for your merchants, exchanging the paying customers coins into USD for the merchant. As the payment processor you are taking on the market risk for your merchants. Online this is done in real time by code, and the merchant never has to see the coins. What happens in real life? Is the merchant provided a special piece of software by the processor that handles the transaction in real time? IMO that's the only feasible way this could work. Asking a merchant to hold the coins until they can be exchanged or anything else that doesn't give them full reimbursement in USD immediately probably won't be acceptable to them. And if that's the case, creating a software product to handle those transactions in real time is a major development. That sort of payment platform would probably be more in depth coding than it took to create Potcoin in the first place. And this I think is our roadblock. |
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Clearly someone isn't paying attention. I created a wallet with 400+ addresses and funded them ALL to get the network up to speed. I am the only one who was trying to get the devs to lower the threshold so that the # of competing inputs would rise and with it blocks/day and stake interest.
Your point about merchants still makes no damn sense. If you get someone setup with a wallet to take in payments via any crypto coin and you don't have them encrypt and lock your wallet you should be shot. Your argument is akin to saying that merchants shouldn't have a key on the cash drawer or keep excess funds in a safe until they can deposit it.
In truth all of the merchant BS is moot, what will have to happen for most merchants both mom/pop and bigger stores to accept crypto is the standard Point of Sale terminals will have it built in and this is already being worked on. But my guess is you haven't been in many mom/pop shops lately, the stores being run by folks 20-45 or so are not using standard point of sale from the big companies, they are using offerings from paypal and the like on a tablet or smartphone and as the offerings to accept crypto mature in both functionality and ease of use it will be easier to pitch it to them. You might also think that the mom/pop weed shops are run by ma and pa kettle, they aren't, they are run by people in their 20s or 30s, they know how to use a computer, cellphone, etc and its easy to convince them to take a crypto thats safer than cash.
The typical merchant isn't going to use a regular wallet. They're going to use an Android/Ipad point of sale system, like you clearly state(again we're arguing the same point), or even a 3rd party service like LitePaid that automatically converts the coins to fiat or BTC. So going along with what you're saying, they most likely won't be staking, making confirmations and interest and all the other finite details pointless to their day to day operations. The fact of the matter is that they won't even treat the wallet as a wallet. For adoption to succeed with a lot of merchants, they need to never see the wallet at all. At least not until they can use the coins for everyday goods and services, or transfer them seamlessly to another currency to do that. I'm going to disagree though with your statement about crypto being safer than cash. We don't need to get into it, but to me, I'd rather have cash in hand to pay my bills than crypto on my computer that can be lost to the wind. I'm sure at this point you'll argue cold wallets, paper wallets, backups, etc, but how many first time crypto adopting merchants are going to understand all of that? And when I say mom and pop shops, of course I'm not talking about someone's grandparents, mate. I'm talking anything that isn't a chain or managed by a parent company. You need to try to stop being so literal. I will say this though- you'd be surprised though at how many people in their 20's and 30's don't understand technology. I do tech support for a school district. We hire 50-80 new hires every year. They are typically 20 somethings fresh out of college, and more than half don't understand basic technology. The stereotype of young people understanding technology is just that. Throw in the fact that a lot of these people involved with the MMJ/recreational movement are salt of the earth crafts people, farmers, old time hippies, anti-government dissidents, etc... they aren't the type of people that would understand blockchain technology the first time you try to sell them on it. Stereotyping, I know, but I've seen it from experience with the people I am networked with in the bay area of CA who have shared their thoughts of POT with me. -Fuse This ^ Nobody in their right minds is going to start accepting POT right off the bat unless they already know about and support cryptocurrencies. Bitcoin has been going through the same thing. The solution so far has been for services like Bitpay to allow a customer to pay the payment processor in cryptocurrency, and the merchant to be paid in USD or whatever else they want. This is how you get merchants to accept POT, by doing it indirectly. Eventually the hope is that the community continues to grow, and along with it the value of the coin. At a certain point it becomes worth it for those merchants to hold some of those payments in crypto, not fiat. And then to eventually spend some of it. Trying to convince a shop owner to accept a digital currency they likely have never heard of is going to sound a lot like a scam. But if you come to them with a service that guarantees they still get paid the same amount in USD they would otherwise make, they're going to be more likely to try it. The question is, can this work with Potcoin and the MJ industry the way it has with Bitcoin. |
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even Instagram got 400 mio users within 4 years Comparing it to something free, 'cool' and accessible from Facebook with a couple of clicks is a bit of a stretch, no? They're two totally different things, literally apples and oranges. Instagram is a website. Bitcoin is a payment protocol and currency. You're asking people to change the way they conduct their business by using Bitcoin. Going to the instagram website is incredibly simple for anybody to do, and doesn't require them to change anything about their lives. They're presumably already using the internet anyways, just type the name into the address bar. |
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I kind of hope he wins so when Colbert runs in 2020 it won't seem so ridiculous
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I haven't followed either, so I wouldn't know about their dynamics. Again though, inflation, supply, etc... it's all irrelevant without demand. And I know we're pretty much arguing the same thing here, but I'm still in the mindset that you could probably make the max supply infinite and it wouldn't matter. 25k POT then is still worth 25k POT now.
Agree 100% with this. The talk about supply and demand is meaningless right now. There is no demand, the only people buying the coin are market speculators. |
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