CoExistCoin Blockchain tech to Empower the less fortunate

[frostminer]

Sooo .1 per pow block for 6 months. Then .25 and so on. 

Going up again?
That would not inspire me to buy and hold ... if i know eventually it will go back to daily big bleeds

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[robelneo]

Sooo .1 per pow block for 6 months. Then .25 and so on. 

Going up again?
That would not inspire me to buy and hold ... if i know eventually it will go back to daily big bleeds

Same to me I will wait for the next update,before buying in ,but the news that Phil will soon caome back to take care of the hardfork is a good thing,maybe that's the reason for the sudden price increase.

[limaphii]

Sooo .1 per pow block for 6 months. Then .25 and so on. 

Going up again?
That would not inspire me to buy and hold ... if i know eventually it will go back to daily big bleeds

This is what I propose in the POW

For 1 year  = .1 coxst every 5 mins = 28.8 coxst a day. 14.4 coxst to miners. 14.4 to fund. Possible daily dump =14

Year 2 = .25 coxst every 5 mins = 72 coxst a day. 36 to miners 36 to fund. Possible daily dump =36

Year 3 = .5 coxst every 5 mins = 144 per day. 72 to miners 72 to fund. Possible daily dump =72

Year 4 = .75 coxst every 5 mins = 216 per day. 108 to miners 108 to fund. Possible daily dump =104

Year 5 = 1 coxst every 5 mins = 288 per day. 144 to miners 144 to fund. Possible daily dump = 144

It will cap there. I woud say during that time the value would rise and people would rather hold on.

[Caladonian]

Sooo .1 per pow block for 6 months. Then .25 and so on. 

Going up again?
That would not inspire me to buy and hold ... if i know eventually it will go back to daily big bleeds

This is what I propose in the POW

For 1 year  = .1 coxst every 5 mins = 28.8 coxst a day. 14.4 coxst to miners. 14.4 to fund. Possible daily dump =14

Year 2 = .25 coxst every 5 mins = 72 coxst a day. 36 to miners 36 to fund. Possible daily dump =36

Year 3 = .5 coxst every 5 mins = 144 per day. 72 to miners 72 to fund. Possible daily dump =72

Year 4 = .75 coxst every 5 mins = 216 per day. 108 to miners 108 to fund. Possible daily dump =104

Year 5 = 1 coxst every 5 mins = 288 per day. 144 to miners 144 to fund. Possible daily dump = 144

It will cap there. I woud say during that time the value would rise and people would rather hold on.

if people will understand what is the real intention and miners will help to build good value for this coin allowing the price to stay and make some good position to attract more investors i think this plan from phil will make a good return for all of us who support this project.

[frostminer]

Sooo .1 per pow block for 6 months. Then .25 and so on. 

Going up again?
That would not inspire me to buy and hold ... if i know eventually it will go back to daily big bleeds

This is what I propose in the POW

For 1 year  = .1 coxst every 5 mins = 28.8 coxst a day. 14.4 coxst to miners. 14.4 to fund. Possible daily dump =14

Year 2 = .25 coxst every 5 mins = 72 coxst a day. 36 to miners 36 to fund. Possible daily dump =36

Year 3 = .5 coxst every 5 mins = 144 per day. 72 to miners 72 to fund. Possible daily dump =72

Year 4 = .75 coxst every 5 mins = 216 per day. 108 to miners 108 to fund. Possible daily dump =104

Year 5 = 1 coxst every 5 mins = 288 per day. 144 to miners 144 to fund. Possible daily dump = 144

It will cap there. I woud say during that time the value would rise and people would rather hold on.

From an investors view, this looks small enough not affect the price much.
You could do year 5-mode permanently too.

144 daily is not enough to send it down any noticeable amount.

Id say anything under 300 cant hurt the price.

[limaphii]

That's was my thinking. Year 5. Mode permently. Until quantam computers come along and wreck Bitcoin and crypto, we should be ok lol

[Stein]

Sounds great!

[limaphii]

Going over options for next step for CoExistCoin. Our current source is buggy and will require work. It's fine. X11 algorithm is still a good algo to use. When all is working good our transactions are amongst the fastest out there. If we update current code no coin swap is required, but it means yet another fork in blockchain.

If we choose to completely re write with a new algo and unique code for coxst, then a coin swap will be required.
I'm not the biggest fan of this but the positives would be a new clean blockchain and we could eliminate gpu asic mining. (Although if we keep X11 and allow gpu mining it means more fees to charity) Another positive it would eliminate all burned coins to in the total amount of COXST shown on most stats sites.

Regardless of which direction we go the main focus will be using COXST as currency that helps the less fortunate in humanity. Half of pow mining will go to foundation fund. Small fees in pos staking and a small bump in tx fees will go to 1 wallet address that is a paper wallet. That will be open and posted for all to see.

I value everyone's input on this. Is there an algo you like??
This will be a major change but for what our goal is it is an important one. I really want to get this perfect.

Thank you always,

Phil Lima

[limaphii]

personally I still think X11 is fine. Quark is interesting but I can see some issues with speed there. 

[tagat]

Sooo .1 per pow block for 6 months. Then .25 and so on. 

Going up again?
That would not inspire me to buy and hold ... if i know eventually it will go back to daily big bleeds

Pool??
Any Pool to mine this coin ?

[aioc]

Sooo .1 per pow block for 6 months. Then .25 and so on. 

Going up again?
That would not inspire me to buy and hold ... if i know eventually it will go back to daily big bleeds

Pool??
Any Pool to mine this coin ?

Majority of the people who participate in the poll wants to eliminate the proof of works,if this wins we will see Coexist as a full proof of stakes coin,so no need a mining pool to mine Coexist.

[limaphii]

Sooo .1 per pow block for 6 months. Then .25 and so on. 

Going up again?
That would not inspire me to buy and hold ... if i know eventually it will go back to daily big bleeds

Pool??
Any Pool to mine this coin ?

Majority investors want to stop the bleeding of mining coins dumped which suppresses the value of COXST. Keeping a pow/pos will keep COXST secure. Pow will be slashed big time. As little as 14 COXST will be mined per day.

This is still some time always. Mining pools are up on the 1st page of this thread. Ann post. There's 3 or 4 pools. And don't forget there's a web wallet that stakes.

[limaphii]

Hey all. Please help by clicking the link, upvoting and sharing this wherever you can. Please. This weeks blog https://steemit.com/trump/@coexist/lets-coexist-blog-4

[robelneo]

Hey all. Please help by clicking the link, upvoting and sharing this wherever you can. Please. This weeks blog https://steemit.com/trump/@coexist/lets-coexist-blog-4

Great articles upvoting and shared it,btw would like to ask the community I again try to sync my wallet which has been off for the last three weeks.
I have added all the nodes that can found on page 1 but until now still no connection and not syncing any one who can help me fix this..

[Stein]

Hey all. Please help by clicking the link, upvoting and sharing this wherever you can. Please. This weeks blog https://steemit.com/trump/@coexist/lets-coexist-blog-4

Great articles upvoting and shared it,btw would like to ask the community I again try to sync my wallet which has been off for the last three weeks.
I have added all the nodes that can found on page 1 but until now still no connection and not syncing any one who can help me fix this..

What I did was to delete everything in C:\Users\[UserName]\AppData\Roaming\CoExistCoin
except for wallet.dat (backup everything first)
Then rerun the coexist wallet and it will re-download everything. It will take awhile.

[frostminer]

Going over options for next step for CoExistCoin. Our current source is buggy and will require work. It's fine. X11 algorithm is still a good algo to use. When all is working good our transactions are amongst the fastest out there. If we update current code no coin swap is required, but it means yet another fork in blockchain.

If we choose to completely re write with a new algo and unique code for coxst, then a coin swap will be required.
I'm not the biggest fan of this but the positives would be a new clean blockchain and we could eliminate gpu asic mining. (Although if we keep X11 and allow gpu mining it means more fees to charity) Another positive it would eliminate all burned coins to in the total amount of COXST shown on most stats sites.

Regardless of which direction we go the main focus will be using COXST as currency that helps the less fortunate in humanity. Half of pow mining will go to foundation fund. Small fees in pos staking and a small bump in tx fees will go to 1 wallet address that is a paper wallet. That will be open and posted for all to see.

I value everyone's input on this. Is there an algo you like??
This will be a major change but for what our goal is it is an important one. I really want to get this perfect.

Thank you always,

Phil Lima

I dont know of any known problems with the X11.
I dont see the point of changing algo either... now that pow spread of coins is basicly over, i dont see the point of changing the whole system with aim on more mining.

Also a coin swap is never popular.
The perfect scenario is keeping the chain and history, just adjust the pow rewards to very low.
If its asics or gpus.. who cares, its a small amount of coins shared anyway.
A swamp will make people reveal their coins and send them around, which doesnt feel safe.
Also there might be a nightmare to get exchanges in on this.


Im not too technically into the mechanisms of pow-pos hybrids.
What happens if no one mines? Will pos move the chain alone, or is pow needed for it not to stop completely?

[limaphii]

Pow will carry it along. There will always be at least 1 miner, me so no worries there.

[limaphii]

Since we are a crypto currency and anonymity is of big concern, should we add a version of dark send??? This is the time to add it. Gives more reasons for mass adoption and again more micro fees that goes to foundation. Communities thoughts on this is important to me

[frostminer]

Since we are a crypto currency and anonymity is of big concern, should we add a version of dark send??? This is the time to add it. Gives more reasons for mass adoption and again more micro fees that goes to foundation. Communities thoughts on this is important to me

Im all in on extra functions as long as it doesnt comprimize anything.
Also as long as we dont need to swap to a new chain.

Anything that can be done by hardforks and updates are thumbs up from me.

Like slash pow reward a bit

[limaphii]

Yes, slashing pow is the main reason for this update. I just want to get this right now and focus on the foundation side for the next year.