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1041
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [BITZ] 10% Proof-of-Stake ** A Currency for your Digital Future **
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on: July 30, 2015, 02:23:00 PM
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Good work dev. Nice to see Bitz on another exchange.
When you say change staking, do you mean the percentage?
If yes, what's the problem with the present amount?
Does the percentage somehow devalue Bitz?
How can it be fairer?
If the percentage is not high enough, would there be less open wallets?
Why not leave it as it is for now unit and if Bitz becomes more established.
What is happening now is that only about 50% of all Bitz are staking. The idea behind the staking is that it provides an incentive to run a node to support the network. The way the 10% of staking amount works may not be fair. The way it is now means that large Bitz holders get a bigger reward. Someone holding 50,000 Bitz get a much larger reward than someone holding 1000 Bitz but they both support the network in exactly the same way by running a single node. So, what if we take the amount of Bitz out of the equation and reward people for running a node and not by the amount of Bitz held. That would be fairer. This would provide less of an incentive to hold a large balance of Bitz for the accumulative stake reward and rather encourage people to spend Bitz. |
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1045
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [BITZ] 10% Proof-of-Stake ** A Currency for your Digital Future **
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on: July 27, 2015, 05:24:27 AM
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 A quick Sunday update (although posted Monday morning London time). Firstly the Gleam / Bitz Twitter giveaway competition ended on Saturday and was a modest sucess. A few fraudsters entered but also a few people new to Bitz and I have sent out some of the winnings. I also launched a further ReTweet competition but nobody is interested so far. We'll see what happens. Bitz has been listed at Bleutrade: https://bleutrade.com/exchange/BITZ/BTC so that makes 5 active exchanges. I have been trying to negotiate with Bittrex but they always say the same, "we don't comment on adding new coins" so I guess they will not settle for anything less than 3 BTC. So, we have 3 pledges so far totalling 0.9 BTC so we will see for another week how it progresses. On the development side; we are working to review the staking mechanism to explorer the possibility of making it fairer. We'll get back to that. Wait and see ... |
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1046
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Economy / Scam Accusations / Re: Bleutrade Twitter scam?
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on: July 26, 2015, 05:49:57 PM
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I noticed this on twitter, and have notified my circle and the hamradiocoin folks.
Doesn't anyone actually use PGP to verify identities anymore? It could reduce a lot of these headaches.
How would you use PGP to verify a Twitter account? |
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1054
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] PakCoin - Pakistan's Crypto Currency - Official Thread
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on: July 22, 2015, 06:19:35 AM
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I downloaded the new version of the Mac wallet from your website and it keeps crashing. The previous version ran fine, I think you have to add some libraries to the build:
Dyld Error Message:
Library not loaded: /opt/local/lib/libssl.1.0.0.dylib
Referenced from: /Applications/Pakcoin-Qt.app/Contents/MacOS/Pakcoin-Qt
Reason: image not found
Binary Images:
0x7fff62ef8000 - 0x7fff62f2e837 dyld (353.2.1) <72A99D0F-0B56-3938-ABC5-67A0F33757C4> /usr/lib/dyld
0x7fff8a61f000 - 0x7fff8a61ffff com.apple.CoreServices (62 - 62) <C69DA8A7-B536-34BF-A93F-1C170E2C6D58> /System/Library/Frameworks/CoreServices.framework/Versions/A/CoreServices
0x7fff8d898000 - 0x7fff8dbc9fff com.apple.Foundation (6.9 - 1153.20) <F0FF3A5D-C5B7-34A1-9319-DE1EF928E58E> /System/Library/Frameworks/Foundation.framework/Versions/C/Foundation
0x7fff90eb9000 - 0x7fff91a3aff7 com.apple.AppKit (6.9 - 1348.17) <E485D56D-3E72-34B7-99BB-BFDEE2D07BF5> /System/Library/Frameworks/AppKit.framework/Versions/C/AppKit
0x7fff93d15000 - 0x7fff93d15fff com.apple.ApplicationServices (48 - 48) <5BF7910B-C328-3BF8-BA4F-CE52B574CE01> /System/Library/Frameworks/ApplicationServices.framework/Versions/A/ApplicationServices
Model: iMac14,3, BootROM IM143.0118.B11, 4 processors, Intel Core i7, 3.1 GHz, 8 GB, SMC 2.17f7
Graphics: NVIDIA GeForce GT 750M, NVIDIA GeForce GT 750M, PCIe, 1024 MB
Memory Module: BANK 0/DIMM0, 4 GB, DDR3, 1600 MHz, 0x80AD, 0x484D54343531533641465238412D50422020
Memory Module: BANK 1/DIMM0, 4 GB, DDR3, 1600 MHz, 0x80AD, 0x484D54343531533641465238412D50422020
AirPort: spairport_wireless_card_type_airport_extreme (0x14E4, 0x111), Broadcom BCM43xx 1.0 (7.15.166.24.3)
Bluetooth: Version 4.3.5f8 15969, 3 services, 27 devices, 1 incoming serial ports
Network Service: Ethernet, Ethernet, en0
Network Service: Wi-Fi, AirPort, en1
Serial ATA Device: APPLE SSD SD0128F, 121.33 GB
Serial ATA Device: APPLE HDD HTS541010A9E662, 1 TB
USB Device: Android Phone
USB Device: BRCM20702 Hub
USB Device: Bluetooth USB Host Controller
USB Device: FaceTime HD Camera (Built-in)
USB Device: MG5200 series
Thunderbolt Bus: iMac, Apple Inc., 23.10
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1055
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NTRN v2] RESERVED for Neutron take over - ETA take over 15/08/2015
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on: July 22, 2015, 06:05:15 AM
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"perfect pos rate" lololol proof of stake is broken and has been since launch save your self goldmaxx stop wasting your btc and time on this coin
"The coin will not and cannot ever get off the ground. The exploit I discovered had been in use for over a month by many of the largest wallets. By now at least 33% of all coins in existence are tainted by this bug. Even if someone is foolish enough to try and fork the coin - what good will that do? The distribution is permanently fucked by those who used the exploit. I'm pissed off because I invested over 8.8 BTC into NTRN and then I find out there were people staking 300% more NTRN than me for god knows how long. Even if they created a new coin and established a coin swap - the distribution would still be fucked. You would have these illegitimate stakers getting a far larger proportion of the coins than they are entitled to. Which begs the question - why bother making a new coin at all? There are plenty of decent coins out there to have a punt on that aren't permanently screwed."
CraveIt: Did you discover the 'exploit'? Can you tell me more about the exploit and how it works so that we can fix it? If that wasn't you where is the quote from? I am not so worried about the distribution as long as the code can be fixed. The old Neutron will be forgotten about and the network will stabilise and the 'dishonest' bagholders will dump their coins and the whole thing will straighten itself out and in a few months we will have a well supported coin. We can adjust the staking. So, does anyone know the exact nature of the exploit? |
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1057
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [BITZ] 10% Proof-of-Stake ** A Currency for your Digital Future **
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on: July 22, 2015, 05:52:21 AM
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As you know, I am trying to find an entry into the merchant / payment processing world so that Bitz can be used to pay for goods / services. I have previously spoken to Litebit ( https://www.litebit.eu/en/) and now recently I have spoken to Cointopay ( http://cointopay.com/) about integrating Bitz into their systems. They are both willing to integrate Bitz if: (i) Litebit - Bitz listed at either Bittrex or Cryptsy (ii) Cointopay - Bitz listed at either Bittrex, Cryptsy or Bleutrade It seems to me that a listing on Bittrex will move the whole thing forward. If you follow Bitz you will know that I have been trying to lobby Bittrex and also have been running a Twitter campaign lately. This doesn't seem to work. Bittrex is offering to 'highlight' a coin and list it for 3 BTC. That means getting a large 'ad' on the front page of Bittrex. This will promote Bitz and it also means that two payment processing companies have agreed to integrate Bitz after a Bittrex listing. I was approached by someone (via PM) offering to chip in 0.2 - 0.4 BTC to get Bitz listed at Bittrex. So, I propose that we try to raise 3 BTC and get Bitz listed. This will also attract the people just hoarding Bitz and there will be more trade = more liquidity = greater adoption = Bitz value / demand increase = further development etc. So, this will only work if we get 10 people contributing with 0.3 BTC each (or more or less). I have been given a pledge by one user (as above) and I will chip in 0.3 BTC so that gives it a 0.6 BTC start. We have set aside 100,000 Bitz for development but so far nobody has contacted us to help out or claimed any of the 100,000 Bitz for promoting Bitz. So, we can offer 100,000 Bitz split between investors to raise the 3 BTC (except me) divided according to BTC pledge. I am not asking anyone for any BTC now, I want to know if there is enough interest. If you want to help Bitz get listed on Bittrex then PM or post and tell me how much you would invest and if we reach 3 BTC I will arrange an escrow to get the Bittrex listing. Currently: 0.6 BTC |
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1060
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [BITZ] 10% Proof-of-Stake ** A Currency for your Digital Future **
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on: July 21, 2015, 11:19:50 PM
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Seems like another p and d, why give 10 percent interest for bagholding? Nobody is going to use it in the real economy when you get a 10 percent PoS, so this whole project seems like a contradictio in terminis to deceive the gullible. ITT future bagholders.  The 10% stake is not for bagholding, it's to help run the network. It's exactly the same as with a PoW coin really, like Bitcoin. If you run a full Bitz node 24/7 and help to verify transactions on the network you get a reward or if you run a miner and help to verify transactions and you get a reward (as in PoW). If you just store the Bitz you get nothing. You need to run a full node 24/7. There is a balance to be found somewhere. If the reward is too small nobody will run a full node and if it's too high nobody will want to spend (soon). Only about 50% of the Bitz are staking at any given time. We don't know what the real economy will be in a few years, but digital currency is certain to feature in the real economy of the future. |
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