A Swap Function Enabled Wallet is Ready UPDATE 03/02/2016.
* The DROIDZ-V2 2.5 Client is ready , I have opted out the blocking of previous versions due to users might not have enough clients on the network to get their client synced , none the less this will have the swap features.
* I will write up the swap process within the day and release the client upon community approval.
* I will also need community approval to mine back 1.92m on the Droidz-V3 chain , as this is the amount of new Droidz-V2 holders from Bittrex having , I would like to suggest to increase the amount to 1.96 or more to leave out a buffer for any lost coins by any user and due to ongoing POS on the Droidz-V2 Chain. (Please verify the needed amount of Droidz-V2 to cover everyone.)
* I'm in contact with C-Cex and looking forward to resolving the wallet matter within the day.
* I'm looking forward to get this swap going and get everyone on a single blockchain.
Warm Regards, ~SoopY~
why not increase that to 2.5million and have the 'rest' not burned - but kept in staking for the development process to continue under the 'droidz fund' banner ... the wallet can be kept secure and staking on the server which will be locked down ... and ONLY when needed and community voted - release funds for the network / infrastructure / marketing / development? ... its not that much more than what is needed for the swap AND a the staking would help a great deal ... we would not need to place them in one wallet - we can split them across 3 wallets ( even the seednodes ) so that they are secure and dont stake above everyone elses staking ... even giving the community a free load once every few months out of the staking - so that everyone shares in it? ... as for the swap functionality - let do it ... for those seednodes though soopy - i will need to have iot compiled in centos 7 x64 - so will need to know the compile environment to make SURE that the daemon is working solid ... which means i will need either - the code or access to the code ... or setup the git so that i can compile directly ... i have a few repos which exist in my git - but i dont have your version ... if we are in agreeance - we can make that the primary git ... we left it up to the devs prior and it was allover the place as well as being almost impossible to keep up to date with the code when the devs did a runner / closed it down / didnt release passwords ( for this thread or the like ) ... what do you think? ... what does the community think? ... #crysx "* The DROIDZ-V2 2.5 Client is ready , I have opted out the blocking of previous versions due to users might not have enough clients on the network to get their client synced , none the less this will have the swap features. sounds like you dont need to update yr clients to operate as seednodes.
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i'm considering offering to burn BARR for Bumba, i will have to look at teh figures and see what sort of ratio i can offer.
How many Bumba do you have? When we offer a coin for burn redemption, we have enough funds allocated to swap the entire coin supply of that coin. So if you're going to do it that way, you'll need enough Bumba in your personal wallet to replace about 100,000 BARR in circulation. At current market rates, it would take over 30 million Bumba to swap 100,000 BARR. Of course there isn't that much Bumba in existence, even if you owned the entire supply. But you could offer a rate less than the market. Bumba's around 35 satoshis, but let's estimate it at 100 satoshis. BARR is trading at 11,000 satoshis, although there's nobody selling that low. But let's round it way down and call it 2000 satoshis. So if you estimate Bumba at 3 times more than the market rate and BARR at 5 times less than the market rate, you can offer 20 Bumba for every 1 BARR burned. Then you'll only need 2 million Bumba. But if you give away 2 million of your own Bumba, it doesn't really accomplish anything different from just giving it away and not burning anything. BARR is only issued when altcoins are burned, so that's our method of mining. So when someone burns altcoins, they're creating new BARR. There's not really a reason to do it for a PoW coin. hmm, well i'm not really interested in swapping the whole shebang of BARR. as amusing as that would be. there is a quantity of the BUMBA premine that is still targeted for distribution. issuing those coins as swap/burn coins would be highly entertaining. swapping Bumba for Barr could help strengthen both currencies apparently. i have swapped names form this excerpt from your OP .. – If BUMBA offers an exchange for BARR and the BARR supply is only partially destroyed, then BUMBA and BARR can both benefit. BUMBA can gain users and adopt the value of the absorbed coins which were burned, while BARR can continue with a higher value. seems like a win win edit. although i believe you have a stupendous amount of BARR in the burn fund, that even if we did burn the entier current circulated quantity of BARR, you would attempt to keep issuing BARR until some time next century?
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Will soon make a sample for Your coin.
Thank you for mac OSX wallet. Send in PM address BSC and I will send you a bowscoin in thanks.
cool thank you. i look forward to seeing it
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bowscoin dev posted on the 24th jan. actively advertising goods for bowscoin. We've been talking to BowsCoin Dev about burning BowsCoin since last October. He has never objected in the past 4 months. well, that's good then edit. lol please burn BUMBA. 20 million coins is obviously far too many in this day of shitcoin bloat
Are you sure that wouldn't be "weird"? sure, but weird is good. lol i'm considering offering to burn BARR for Bumba, i will have to look at teh figures and see what sort of ratio i can offer.
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here's what i find positive about Cube.
good usage for buying real products, la stake stick wedgie Catbot etc. positive people getting excited about Cube
and negative
- excessive interest/return that will require a much stronger cap to maintain health in the long term - murky coin distribution, - lack of communication/transparency, not just the vague distribution method but also all through the stake sticks there has been an obvious lack of communication between spots and the purchasers, once the order has been placed no further communication took place - not even a "yes you're stakestick is in the mail". and of course the whole "anonymous" dev who never actually denied ever being spots.
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why are you burning coins with active devs ?
bowscoin dev posted on the 24th jan. actively advertising goods for bowscoin.
just weird how you're promoting the death of shitcoins as a good thing, when you're working on a coin which is obviously alive and seems to have more going for it than BARR ie you can use it to purchase real world goods.
edit. lol please burn BUMBA. 20 million coins is obviously far too many in this day of shitcoin bloat
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swap wallet sounds good,
it sounds like you should withdraw from trex as soon as possible, probalby dont stake. when soopy will release a new wallet .. at this point old 2.4 wallets staking may fork.
ideally you should be able to use the new soopy wallet without having to resync from scratch, but if there is a 2.4 fork then maybe you will.
to prevent any worry of fork, you could probably withdraw to the 2.4 wallet, then just leave it switched off until the new wallet arrives, then it will sync from where you left off.
although, you should probably prevent all de wallets from staking. the diff will probably drop, and when you turn on your new wallet to swap, the coins may have gotten old enough to stake almost immediately and then you will have to wait for them to become available again.
--- to prevent your wallet from staking add this line to your droidz.conf staking=0
--- i just sent yobit a list of d3 nodes, seems they didnt have any :p
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People, please try to ignore the dumps from the multiple Spots wallets he created for himself during 'distribution' and focus on that one at the top. Just sit still and stake while he dumps on your face.
lol. ok. there's a bunch of "suspicious" looking amounts being transacted during the early days, but i've been focusing on #1 cos it's so impressive. here's how to look for "suspicious wallets dumping on your face" peruse recent transactions on the chain and look for amounts being withdrawn from staking wallets, trace that wallets origin back to see what how it was initially funded. comparing the amount it was funded against time frame of coin including the then current coin supply. it may be useful to look at exchange records to see when coins are dumped, and then see if you can trace those coins on the explorer exchange addresses might be recognised by the outputs from the address, when you withdraw coins from an exchange, they can be inadvertently mixed with a bunch of other addresses, this makes an exchange wallet look busy. change addresses make this sort of work arduous, where change from a transaction go to a new address. also the ability to get regular fresh deposit addresses from the exchange make it difficult too. alternatively, start at the beginning, and look for largish transactions (for the time) and see where they end up. there is software out there to help track coins, never even looked for it before, could be fun hardcore analysis takes a lot of work. . at this point, you see a few features lacking on presstabs explorer, it is a great explorer to see rich people getting richer, but it isn't so good at tracing dodgy transactions. cryptoID explorers, for example, have a feature which links addresses that combine inputs into single transactions, this is a great way to trace exchange wallets.
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We're gonna need an entire BTC of cube to even be able to stake?
No. Please refer to this page a detailed explanation: http://freestaking.com/stakeGot it, the only thing I don't get it is how the staking age is being capped? It's not; maximum reward amount is capped staking age has always been capped at 100 days.
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one thing i realised about my prior posts on staking, is that the minimum stake age (of one day) is deducted from coinage.. what that means is that superficially it appears that an input of > 10,000 coins could be staked daily for 2000% reward (2% of 500,000 is 10,000) however when you factor in minimum stake age being deducted, a 10,000 Cube input would need to be 2 days old. 1 day for minimum stake age, and 1 day to get minimum coinage for 2,000%. -- in other exciting news #1 richlist combined all coins into a single 234,409.9960 input, this then staked for a nice 12,865.3729 coin reward. http://www.presstab.pw/phpexplorer/CUBE/tx.php?tx=fd0b14c3692731a4d6b180b3f19c06e15cc5255daba1700cd58e40a20e487f4a- input was created 01 Feb 2016 09:25:47 and staked 02 Feb 2016 09:28:09 after deducting minimum stake age of 1 day, that particular input staked in under 3 minutes. it's coinage would have been roughly time in seconds divided by a day in seconds multiplied by input size of 234,409.9960 (142/86400)*234,409.9960 = 385 if that was after block 500,000 then it does not mean minimum requirements being under 10,000 instead it would have to been another 41 minutes older to meet those requirements. however, because it would have been capped to 5,000 coins reward, it needed to be divided into 3 stakes, of 78,136 these then would need to be 1 day + 126 minutes old and each would have been received an uncapped 2000% return. this splitting of stakes does unfortunately reduce compounding interest as the coins are taking "slightly" longer to stake and compound. what this means, is anyone with sufficient amount of coins, will still be able to stake almost daily and get 2000% return. but we're still a long way from block 500,000 would anyone like to guesstimate how many coins #1 will have by the time block 500,000 comes along? and how many inputs it should be divided into to receive 2000%?
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Small souvenir You can order any color, and a sign cryptocurrency. Total for 10000 BSC (~0.01 BTC), shipping included. how much for a bumba patch ? obviously some artistic liberties must be taken to simplify oh, how big actually are they ?
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Do i will get stake if i am still on old DiGiCube Wallet ?
its age=2 right now
yes. fork doesnt take place for a very long time 137686 blocks away at 30 secs a block, 47 days away .... there is really no urgency in updating or worrying about how your coins will stake, or how you will have to manage anything to get 2000% or how much it will influence coin supply .... This could be a multi million dollar coin, it's highly unlikely he will abandon it after all the hard work, dedication and investment he put on CUBE. A long term vision is Spots greatest tool for success. lolz. so many amusements. i give spots full cred for his dedication though
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I noticed that on the doc you report twice some of the coins, the interested ones are - Coin Of The Future
- Faucet Coin
- Droidz
and that the doc seems quite confusing (One of the links you wrote on the doc doesn't seems to be connected to one of the coin) but at least seems you're doing a great work for now, maybe you could even add if you are hosting a node for that specific coin or not (telling even which ip is) lol you're quite correct. i blame google docs, either that or my poor google doc skills. i don't know how i managed to do coins twice. but i know i must have screwed up the thread links when i was doing an A->Z format and only did a set range rather than the entire page. i thought i'd fixed it but obviously either i didn't or someone else is to blame. at the moment i'm not doing any nodes. other than my own
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should make a new thread soon?
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for 1000 cube how about stake when cube go 500k block? i just realised something glaringly obvious i missed. lol. amusingly foolish i feeel i cant be arsed reading back what i wrote before and changing.. will do later. hehi apologise for completely mis-understanding what i was talking about previously all stakes under 10,000 stake age = 1 coin reward. so for a 1000 cube input. sstake age has to be > 10,000 ( 2% of blockheight, 500,000) so should be greater than 10 days old to get the full 2000%
by that point, it's hard to predict the difficulty and therefore how long a 1000 coin input will actually take to stake is an unknown? it might take 3 days to stake, or it might take month. << then you will have to adjust how often you run your wallet it seems quite hard to see what size stakes will be beneficial to rewards. .. block height increases with about 20160 blocks per week or 2880 a day. after block 500k coinage requirements for 2000% will then increase by 403 /week (20160 blocks) projecting then.
1 month after block 500k will be block (roughly) 580,640 coinage required will be 11612 for 1000 cube, it will take 11.612 days to get required age
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for full 2000% reward the requirement is that coinage be over 2% of blockheight. coinage is simply the staking input size * the input age, so 10 coins from 1 week ago has an age = 10 * 7 at block 500,000 that is required coinage of 10,000 (2% of 500k) 10,000 = 10,000 coins @1 day, or 5000 coins @2 days, or 3,333 coins @ 3days reward is then based on size and 2000%/input age (as the annual 2000% is worked out depending on your stake age, 1 day is roughly 2000/365) 1 day is about 5.5%, all of those examples above should return similar rewards as it is then 5.5% per day. (eg 2 days is 11%) then that reward (for 10,000) is 550. (5.5% of 10k) to be effected by the cap.a stake of 100,000 @ 1 day is necessary to be capped by the 1% of blockheight. max reward of 5000 (because 5.5% of 100k would mean 5500 - which is 1% of 550k) other variations of coinage of 100,000 would be 50k @ 2 days 25k @ 4 days 10k @ 10 days . . . . . block height increases with about 20160 blocks per week or 2880 a day. coinage requirements for 2000% will then increase by 403 /week (20160 blocks) projecting then. 1 month after block 500k will be block (roughly) 580,640 coinage required will be 11612 reward cap will effect stake age of 116,128 and rewards of > 6387 PLESE NOTE these numbers are pretty loose. daily stake of 5.5% is a closer figure to the truth than 5% but it is still not correct edited fro clarity
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