Buttman's Analcoin | SHA256 | 150K POW | 125% Annual POS | Launched

[billotronic]

that might just be the funniest one yet!

[VanityWallets2015]

This post was inappropriate and posted during a time of personal and mental health issues, sorry.

[h7r]

Does it make sense to buy analcoin in yobit.net since now you are planning to make a fork ?
I was an enthusiast but now I am in trouble with this coin. You can see my but order at 0,00001350, but once time I will get my first analcoins, in which wallet transfer them since the actual wallet doesn't syncronize at all? Please tell me if there is a better way to use this 0,048 BTC in order to help you and those who believe in the future of analcoin.

[VanityWallets2015]

This post was inappropriate and posted during a time of personal and mental health issues, sorry.

[VanityWallets2015]

This post was inappropriate and posted during a time of personal and mental health issues, sorry.

[h7r]

Does it make sense to buy analcoin in yobit.net since now you are planning to make a fork ?
I was an enthusiast but now I am in trouble with this coin. You can see my but order at 0,00001350, but once time I will get my first analcoins, in which wallet transfer them since the actual wallet doesn't syncronize at all? Please tell me if there is a better way to use this 0,048 BTC in order to help you and those who believe in the future of analcoin.

Bit of a newb question but here's the answer.
The fork of Analcoin (would actually an update to the original source because the original DEV messed up the proof of stake) so the staking process only works when it is triggered by a transaction).
So IF we do make a fork we will do a hard fork so that Yobit and all the seed nodes still use the same blockchain, nothing will change, nothing will break and POS will work properly.

The wallet is fine, healthy connections, and should synch over time (will require POS update to do correctly).

Oh and by the way you are lying about your order at 1350 Buttoshis because the only order there for 3602 Analcoins is MINE!

Thanks for the response.
It's a little bit funny that for my first message here, you called me a lyer ! LOL welcome to me.
But you are right about the fact this order is not mine, I was confused because of this messy yobi.net platform which I am testing for the first time. My true order is 3107 analcoins at 1300 buttoshis.

[Arie22]

Does it make sense to buy analcoin in yobit.net since now you are planning to make a fork ?
I was an enthusiast but now I am in trouble with this coin. You can see my but order at 0,00001350, but once time I will get my first analcoins, in which wallet transfer them since the actual wallet doesn't syncronize at all? Please tell me if there is a better way to use this 0,048 BTC in order to help you and those who believe in the future of analcoin.

Bit of a newb question but here's the answer.
The fork of Analcoin (would actually an update to the original source because the original DEV messed up the proof of stake) so the staking process only works when it is triggered by a transaction).
So IF we do make a fork we will do a hard fork so that Yobit and all the seed nodes still use the same blockchain, nothing will change, nothing will break and POS will work properly.

The wallet is fine, healthy connections, and should synch over time (will require POS update to do correctly).

Oh and by the way you are lying about your order at 1350 Buttoshis because the only order there for 3602 Analcoins is MINE!

Thanks for the response.
It's a little bit funny that for my first message here, you called me a lyer ! LOL welcome to me.
But you are right about the fact this order is not mine, I was confused because of this messy yobi.net platform which I am testing for the first time. My true order is 3107 analcoins at 1300 buttoshis.

Thank you for clearing up your error about the order!
There is little market activity at the moment due to low demand, please keep in mind that this was only launched on 13 March 2015, it's not even 1 month old!!
Hopefully people will see its fun to be a part of, everyone is welcome to particpate, just give it time, see if there is any demand for this Adult Meme type coin.

Can you tell me how to make a trigger..?

[Piston Honda]

how is this coin NOT surpassing dash!?!?

[VanityWallets2015]

Can you tell me how to make a trigger..?

Erm, a what?

[VanityWallets2015]

This post was inappropriate and posted during a time of personal and mental health issues, sorry.

[Piston Honda]

how is this coin NOT surpassing dash!?!?

My thoughts exactly! There's only 150,000 of these analicious beauties, just imagine being one of just 150,000 people in the world that can give and receive anal to anyone any day of the week!
Anal brings all the boys to the yard lol

I guess we just need more time! Dash rebrand was desperate, the whole value of it was the Darkmarkets and being anonymous (although its amazing now how everything is claiming that it is secure and anonymous, yet governments associated agences are coming forward saying there are back doors into everything and even cryptography isnt secure!)

Thank god for DPOS and Petahash POW!

I think everyone should buy Anal and take it to the moon, having Analcoin as THE global payment method would be awesome.

"Three coffees and two donuts please".
"Why certainly sir, that will be $7.59.".
"Excellent efficient waitressy person, tell me, do you take Anal? Is this an Anal friendly cafe? I'd like to be able to give you some Anal if you'll take in here?"
Where else can a chat up line result in paying for products and services in an efficient and secure way

LOL

you win the internet today good sir.

[VanityWallets2015]

Please vote on the % proof of stake for the hard fork please, I am just thinking a higher POS may be better to increase market liquidity and allow a better spread across more exchanges as popularity grows.

[Klaasje]

Please vote on the % proof of stake for the hard fork please, I am just thinking a higher POS may be better to increase market liquidity and allow a better spread across more exchanges as popularity grows.

Go bezerk like igotspots did with 10k
That would be a lot of anal

[VanityWallets2015]

Please vote on the % proof of stake for the hard fork please, I am just thinking a higher POS may be better to increase market liquidity and allow a better spread across more exchanges as popularity grows.

Go bezerk like igotspots did with 10k
That would be a lot of anal

Think coins like snowballs and maeuticoin are mega high POS 5000% but their lifetime will be limited because of so many coins being produced. If we were to keep on the safe side of TEK then I think that would be the best way forward, although it doesn't really make a huge difference, but it would be better to hold value higher than just a few buttoshis.

[Peter80]

Please vote on the % proof of stake for the hard fork please, I am just thinking a higher POS may be better to increase market liquidity and allow a better spread across more exchanges as popularity grows.

Go bezerk like igotspots did with 10k
That would be a lot of anal

....you can't have enough anal

And the only commonality from 10k and Anal is that the price only can go up
There are only 141.195 Analcoins BUY IT NOW ON YOBIT, you can't loose with that low price!

[VanityWallets2015]

Looks like 100% and 480% are winning at the moment.
I think we should give it a day or two and then have another vote between the top 2 to see which one should be selected?

[Peter80]

Looks like 100% and 480% are winning at the moment.
I think we should give it a day or two and then have another vote between the top 2 to see which one should be selected?

Yes, that sounds good.

[billotronic]

480 has no chance of working without some stiff inflation controls (read coding and a real full time dev)

100 might be more realistic without heavy reworking of the code and still give an incentive to hold

[jc12345]

Here are analysis graphs of coin supply and inflation over a one year period for the options in the poll. The important thing to ask is what will the "thing" of the coin be. If it is quick profits, high inflation and short lifespan then the POS staking % must be high. If it is retail adoption, longer term profits, longevity and low inflation then the coin must have lower POS staking %.  The answer lies somewhere in the middle of these 2 extremes.

The POS staking % must be just enough to incentivise the miners to stake so that the blockchain remains secure and widely distributed. There must also be a match between adoption and total coin supply - it would be difficult for millions of people to use 100,000 coins for example, but it would take some time to get that sort of distribution. There must be just enough coins released into the market to match demand for use. I would recommend a 6 monthly monetary policy review of inflation, adoption rates and mining stats and do a fork with adapted specs accordingly to align to the market conditions. Coin halving in POW is a rudimentary automated attempt at this. With successful implementation, after 6-12 months there will be enough funds to hire the best devs to design spectacular wallets and implement whatever features and specs are required at the time to meet market conditions.

I think it is best to leave the high POS staking % to Spots and Co who are geared to R&D those types of chains and high coin supply. Too low and no-one will stake. Based on the graphs below I see the sweet spot and safest initial % being at 10% per month which is somewhere between 100-125% per annum. Both of these answers will therefore be ok whichever is the higher of the two in the vote.

The other important specs to decide on are the min and max coin age. Max coin age is easy and can be 30 days. Min is more difficult. Too low and it would be too easy to move coins around between wallets and exchanges with no incentive to keep it on any side, but it would help a lot to have lots of small stakes to keep the chain rolling smoothly. Too long and liquidity might be impacted as people will keep coins in their wallets but if lots of movement occur, there could be less distributed staking and fewer coins qualifying for staking to keep the chain rolling. I would recommend a lower min coin age of 3 hours to keep liquidity higher and to keep the options open. It might have a slight negative impact on inflation than the graphs below due to more smaller stakes happening and real compounding being stakely compounded.

All graphs assume starting coin supply of 141,195 and work on daily compounding. The more accurate method is stakely compounding but daily is ok for illustration purposes.

5% per annum / 0.41% per month. Total coin supply after 1 year 148,413. Total coin supply after 2 years 156,022



10% per annum / 0.83% per month. Total coin supply after 1 year 165,000. Total coin supply after 2 years 172,404



25% per annum / 2.08% per month. Total coin supply after 1 year 181,158. Total coin supply after 2 years 232,592



50% per annum / 4.19% per month. Total coin supply after 1 year 232,393. Total coin supply after 2 years 383,021



100% per annum / 8.55% per month. Total coin supply after 1 year 382,236. Total coin supply after 2 years 1,037,606



125% per annum / 10.80% per month. Total coin supply after 1 year 490,089. Total coin supply after 2 years 1,706,931



250% per annum / 22.73% per month. Total coin supply after 1 year 1,693,907. Total coin supply after 2 years 20,460,888



480% per annum / 47.99% per month. Total coin supply after 1 year 16,412,349. Total coin supply after 2 years 1,932,841,328



500% per annum / 50.41% per month. Total coin supply after 1 year 19,982,242. Total coin supply after 2 years 2,866,671,797



1000% per annum / 124.98% per month. Total coin supply after 1 year 2,646,050,378. Total coin supply after 2 years 50,946,611,318,415



Potential implementation method of a POS % halving after an annual monetary policy review, assuming that was the decision taken for 4 years in a row. POS % starts at 125% per annum and is halved annually. It does not have to be halved but can just be reduced according to market conditions. Total coin supply after 1 year 490,089, after 2 years 915,902, after 3 years 1,250,651 and after 4 years 1,462,110.

[VanityWallets2015]

JC, excellent ANALysis of the POS vectors, calculations and graphical representations, really nice work and helps us picture the various ways forward.

Based on the information I have closed the vote and will re-open the vote between the two highest POS votes which are ;

100% (3 votes)
125% (3 votes)

I would recommend we select one of these and like JC recommend have a 30 day min stake so that it discourages dumps and fast move around of coins.
I would also recommend we simply implement a straight forward flat % POS with NO decline until we have sufficient funds to invest, in which case a further planned hard fork in 2 years would be sufficient to reduce and adjust the POS percentage to meet increased or reduced consumer demand.

I have 0.1 BTC available to put towards the initial hard fork, with a further commitment of 0.1 BTC from a further 4 people that would fulfil the round for the initial hard fork.

Thanks again JC for the work on coin supply, graphs and numbers, which does show the best curve for adoption is 100 - 125% as voted.