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

[VanityWallets2015]

1st Round Voting Results

The voting has been locked with the following results;



The vote will now be reset and offer a selection between the top two results which confirms the findings of JC's analysis.

[1714885889]

1714885889

[1714885889]

1714885889

[1714885889]

1714885889

[1714885889]

1714885889

[1714885889]

1714885889

[1714885889]

1714885889

[jc12345]

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.

Just a correction, 30 days is the max coin age after which the coins will lose eligibility for staking and have to be moved not min as you mention. It is the min coin age that needs to be agreed upon and 3 hours seems fair. What this means is that once coins are moved, it will be eligible for staking (mature) after 3 hours. Once it stakes, the coins will take another 3 hours to mature again before it gets into the staking queue. The current min coin age for Anal is 24 hours, meaning that once you move coins or once you get a stake, it will take 24 hours before the coins start to stake. The longer the min coin age the more people will keep their coins in their wallets and off the exchange in order to not lose their place in the staking "queue". If it is too long though with a too low reward, then people will just say stuff the staking and take their profit on the exchange. Alternatively a min coin age of 8 hours can be used which is also much better than 24 hours but not too short as to cause coins to be moved to exchanges too easily.  A min age of 30 days will not work as that menas one stake every 30 days which will stall the blockchain.

The options to chose for min coin age (min stake age) would therefore be 3 hours or 8 hours or keep it at the current 24 hours imo. Perhaps another vote.

[BITCOINERSEJATI]

are this cin copy from other that logo like aricoin
https://aricoin.org/

[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.

[Kaenguru]

Anyone else stuck at Block 50261 ?

[Piston Honda]

lol, this OP/Dev should get poster of the year given how funny/ironic this thread is, as are the replies
(not shilling here, no idea who the dude is, but it's funny as hell).
i'd invest some btc in you but i have non to invest.

[jc12345]

Anyone else stuck at Block 50261 ?

Yes, everyone is stuck. That is the whole point of the upcoming fork. Currently if you want the chain to move you have to send coins manually. If you send >10 coins to another address you will trigger the next POS block. The fork is needed to fix the stuff up that the original dev did when he released a broken wallet.

[VanityWallets2015]

Voting will end at midnight tonight so if you want to vote you should do today, then the winner will be the one with the highest votes.
Once that's done we will look to contact the original dev and look to get everything setup for a fork, it would be best if he was to give us his support rather than do it without support.

[presstab]

Just a technical side-point that drives me nuts sometimes. TEK is 500% annual rate It is all right there in their source code

But that doesn't stop you all from going 480%

[jc12345]

Just a technical side-point that drives me nuts sometimes. TEK is 500% annual rate It is all right there in their source code

But that doesn't stop you all from going 480%

That is too high for now. Look at the graph above.

[VanityWallets2015]

Just a technical side-point that drives me nuts sometimes. TEK is 500% annual rate It is all right there in their source code

But that doesn't stop you all from going 480%

You are correct kind sir! It's also on their Bitcointalk thread, that's funny I recall people calling it a 40% per calendar month stake, anyway what's 20% between friends lol
Thanks for pointing it out though

[presstab]

Just a technical side-point that drives me nuts sometimes. TEK is 500% annual rate It is all right there in their source code

But that doesn't stop you all from going 480%

You are correct kind sir! It's also on their Bitcointalk thread, that's funny I recall people calling it a 40% per calendar month stake, anyway what's 20% between friends lol
Thanks for pointing it out though

Ha ha I have told them before, but they refuse to believe me I guess! Anyways, keep up the good work with this new thread and vision

[VanityWallets2015]

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

[Peter80]

2nd And Final Round Voting Results

Thanks to everyone that participated in the next round of voting. The results are as below.



The next stage is to implement a hard fork with the following details;

125% per annum POS fixed
30 day maturity
2 year review (POS/maturity review 9/4/2017)

Everything including new wallets should be finalised and implemented before the end of April 2015 so we can move on to looking at growing Analcoin.

Hope everyone is happy with that, my 0.1 BTC contribution is ready.

What will the min Stake age be in the hard fork?

jc12345 wrote:
Just a correction, 30 days is the max coin age after which the coins will lose eligibility for staking and have to be moved not min as you mention. It is the min coin age that needs to be agreed upon and 3 hours seems fair. What this means is that once coins are moved, it will be eligible for staking (mature) after 3 hours. Once it stakes, the coins will take another 3 hours to mature again before it gets into the staking queue. The current min coin age for Anal is 24 hours, meaning that once you move coins or once you get a stake, it will take 24 hours before the coins start to stake. The longer the min coin age the more people will keep their coins in their wallets and off the exchange in order to not lose their place in the staking "queue". If it is too long though with a too low reward, then people will just say stuff the staking and take their profit on the exchange. Alternatively a min coin age of 8 hours can be used which is also much better than 24 hours but not too short as to cause coins to be moved to exchanges too easily.  A min age of 30 days will not work as that menas one stake every 30 days which will stall the blockchain.

The options to chose for min coin age (min stake age) would therefore be 3 hours or 8 hours or keep it at the current 24 hours imo. Perhaps another vote.
----

I would prefer a value between 3-12h. What do the others think?

Thanks to Vanity, who is the first who promised 0.1 btc contribution for the hard fork, but the whole community is invited to contribute - every satoshi counts
And Vanity, pls setup the btc adr. that the community can contribute. thanks

[jc12345]

2nd And Final Round Voting Results

Thanks to everyone that participated in the next round of voting. The results are as below.



The next stage is to implement a hard fork with the following details;

125% per annum POS fixed
30 day maturity
2 year review (POS/maturity review 9/4/2017)

Everything including new wallets should be finalised and implemented before the end of April 2015 so we can move on to looking at growing Analcoin.

Hope everyone is happy with that, my 0.1 BTC contribution is ready.

What will the min Stake age be in the hard fork?

jc12345 wrote:
Just a correction, 30 days is the max coin age after which the coins will lose eligibility for staking and have to be moved not min as you mention. It is the min coin age that needs to be agreed upon and 3 hours seems fair. What this means is that once coins are moved, it will be eligible for staking (mature) after 3 hours. Once it stakes, the coins will take another 3 hours to mature again before it gets into the staking queue. The current min coin age for Anal is 24 hours, meaning that once you move coins or once you get a stake, it will take 24 hours before the coins start to stake. The longer the min coin age the more people will keep their coins in their wallets and off the exchange in order to not lose their place in the staking "queue". If it is too long though with a too low reward, then people will just say stuff the staking and take their profit on the exchange. Alternatively a min coin age of 8 hours can be used which is also much better than 24 hours but not too short as to cause coins to be moved to exchanges too easily.  A min age of 30 days will not work as that menas one stake every 30 days which will stall the blockchain.

The options to chose for min coin age (min stake age) would therefore be 3 hours or 8 hours or keep it at the current 24 hours imo. Perhaps another vote.
----

I would prefer a value between 3-12h. What do the others think?

Thanks to Vanity, who is the first who promised 0.1 btc contribution for the hard fork, but the whole community is invited to contribute - every satoshi counts
And Vanity, pls setup the btc adr. that the community can contribute. thanks

Perhaps go with 8 hours which is not too long and not too short.

[VanityWallets2015]

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

[billotronic]

my .1 is on its way bud

921c78b101a22c5169697c981d900a9aa18eb0fcbd9ada6e7c069e655db1d9c4

[VanityWallets2015]

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

[billotronic]

lol yeah... this place has a very interesting moral compass... it's ok to blatantly lie and cheat people... but play on words about buttfucking and nononono we can't have that