[ANN] SPROUTS sha256 pos+pow 10% at 5 days 芽菜货币

[cavaliersrus]

i sold everything on cryptsy and xfered my btc out threw doge and sent it to yobit

i wish yobit would add sprts

[1714798961]

1714798961

[1714798961]

1714798961

[1714798961]

1714798961

[GoldSeal]

Let's drop the pos reward to 0.5%/month and fork the client. I think this is the best way to go and it helps out those who already own the coins.

[Flam]

Why so low ? to capitalize more onto your early investment ?
The point of sprouts is to remain kinda hi-pos. Otherwise there is peercoin.
500% a year is still healthy and sustainable for several years. Even at the current market cap which won't last this low forever, I hope.

[psyx80]

Guys, firstly with the new year !! I want to wish all of you health, happiness, love and prosperity!

and on the coins, you need a good project for the manifestation of interest in coin, for example has been the project cointellect, cloudy Mining that will accept coin on the obtaining of the package and the output power to give Bitcoin. so will demand and purchasing power of the coins from the exchanges to invest in the project. I think more is not necessary to love to confess how it works, you guys are not stupid and know everything yourself, coders, programmers, logistics lacking here. Implement the project and will be all right.

[GoldSeal]

Why so low ? to capitalize more onto your early investment ?
The point of sprouts is to remain kinda hi-pos. Otherwise there is peercoin.
500% a year is still healthy and sustainable for several years. Even at the current market cap which won't last this low forever, I hope.

Let's slash it. Right now we're on a runaway track to 0.

[kiklo]

Down to 10% a year would be cool.
Hyper inflation = Crashing Prices


 

[psyx80]

Why so low ? to capitalize more onto your early investment ?
The point of sprouts is to remain kinda hi-pos. Otherwise there is peercoin.
500% a year is still healthy and sustainable for several years. Even at the current market cap which won't last this low forever, I hope.

Let's slash it. Right now we're on a runaway track to 0.

Yes, it's not even that big award, the question is in the interest of people in the investment. All the noble ideas is a good thing, but now worries only that will bring profit. For coins you need to create an interest to have an interest to buy it on the stock exchange to invest in projects and it should not be within the limits of annual interest, and a month two or three, for example, as I wrote above.
Now is not the time when almost every coin is easily traded and is of interest, a lot of them already, and this is no surprise, except that only a specific Innovations is a great success in a short time, as an example of the last ethereum. For this reason, it is necessary to create interest for the coins that people could buy a coin to invest in the project and get Bitcoins at the end of their contributions for a certain period. This will give a further new milestone in the development of the tool and spread the word. Now we have 2 exchanges that trade the scant throughout the site at all, but about the bids of the coin at all hard to say. simple trade on the stock exchange is not an option, since Bitcoin shows a good trend, and a good price and all the interest and attention on it. We need new ideas to attract people and bring them possible by new projects in which they can earn money, since not everyone is able to sell to earn it. Think of the guys on projects not long investment, is another niche investors with small pockets and they play on short term investments. Yes, for you will be the extra earnings from these projects and some stability for you and everyone in general.

[dalistar]

Guys, firstly with the new year !! I want to wish all of you health, happiness, love and prosperity!

and on the coins, you need a good project for the manifestation of interest in coin, for example has been the project cointellect, cloudy Mining that will accept coin on the obtaining of the package and the output power to give Bitcoin. so will demand and purchasing power of the coins from the exchanges to invest in the project. I think more is not necessary to love to confess how it works, you guys are not stupid and know everything yourself, coders, programmers, logistics lacking here. Implement the project and will be all right.

happy new year

for invest in cloud mining
I already lost almost 5 BTC with scammer cloud mining
no way to back your lost money

[dalistar]

Why so low ? to capitalize more onto your early investment ?
The point of sprouts is to remain kinda hi-pos. Otherwise there is peercoin.
500% a year is still healthy and sustainable for several years. Even at the current market cap which won't last this low forever, I hope.

peercoin is 500% 

[psyx80]

Guys, firstly with the new year !! I want to wish all of you health, happiness, love and prosperity!

and on the coins, you need a good project for the manifestation of interest in coin, for example has been the project cointellect, cloudy Mining that will accept coin on the obtaining of the package and the output power to give Bitcoin. so will demand and purchasing power of the coins from the exchanges to invest in the project. I think more is not necessary to love to confess how it works, you guys are not stupid and know everything yourself, coders, programmers, logistics lacking here. Implement the project and will be all right.

happy new year

for invest in cloud mining
I already lost almost 5 BTC with scammer cloud mining
no way to back your lost money

agree, pure cloud Mining and unscrupulous owner could destroy investments, then we see the same thing, and this coin is that it is not normal and needs of the market, we also lose the investment.
in the near future (soon) we shall come at 0 Satoshi and death comes the coin.

agree, pure cloud Mining and unscrupulous owner could destroy investments, then we see the same thing, and this coin is that it is not normal and needs of the market, we also lose the investment.
in the near future (soon) we shall come at 0 Satoshi and death comes the coin.

I'm talking about how to create a project-type cloud of mining, which will be from the same group of developers who help create the importance and stability of the investment + it will create shortage of coins on the market that will lead to higher prices, because not enough coins to their investment for the project. that is, it is necessary to create a reverse wave of investment must be Owned in this coin and the output person should get Bitcoin, something that is more stable coin in value and minimize losses on investments if suddenly the price of Bitcoin has fallen, but it can not fall so much to These were heavy losses. This is the best investment with the lowest probability of loss. As our coin will have interest rates and stable (a good price) due to the fact that the investment will go to the project, since it will be warranty% return on investment, and that it is important for a stable coin. This coin will survive and create a supportive environment for life in general. If the way to keep the coin in the price of 200-250 Satoshi during the year, the price after will fluctuate within 150-300 Satoshi on an ongoing basis, as is already at the sites will be a good amount of tools and people that will already know this tool, because the analysis of the market potential investor will see a steady course prices throughout the year, which is also a good factor of investing for a longer period in their portfolio.

[GoldSeal]

Why so low ? to capitalize more onto your early investment ?
The point of sprouts is to remain kinda hi-pos. Otherwise there is peercoin.
500% a year is still healthy and sustainable for several years. Even at the current market cap which won't last this low forever, I hope.

Let's slash it. Right now we're on a runaway track to 0.

Yes, it's not even that big award, the question is in the interest of people in the investment. All the noble ideas is a good thing, but now worries only that will bring profit. For coins you need to create an interest to have an interest to buy it on the stock exchange to invest in projects and it should not be within the limits of annual interest, and a month two or three, for example, as I wrote above.
Now is not the time when almost every coin is easily traded and is of interest, a lot of them already, and this is no surprise, except that only a specific Innovations is a great success in a short time, as an example of the last ethereum. For this reason, it is necessary to create interest for the coins that people could buy a coin to invest in the project and get Bitcoins at the end of their contributions for a certain period. This will give a further new milestone in the development of the tool and spread the word. Now we have 2 exchanges that trade the scant throughout the site at all, but about the bids of the coin at all hard to say. simple trade on the stock exchange is not an option, since Bitcoin shows a good trend, and a good price and all the interest and attention on it. We need new ideas to attract people and bring them possible by new projects in which they can earn money, since not everyone is able to sell to earn it. Think of the guys on projects not long investment, is another niche investors with small pockets and they play on short term investments. Yes, for you will be the extra earnings from these projects and some stability for you and everyone in general.

What if we decrease the reward amount 10% every 5 days until we achieve an approximate 1% stake return every 5 days.

Presently, 1000 Sprouts yields 1,053,000 after 365 days of staking at +10% every 5 days. If we can get this down to 1% then 1000 sprouts yields 2006.7 Sprouts per year. This is the difference between a 1,000,000% annual return and a 100% annual return, which is still quite decent.

So, if you want to do something like this - I don't mind forking the source code, makign the appropriate changes, and releasing a new client. I did this before when I became the lead dev for casinocoin. However, if we do this because the dev is gone, I'm going to need a few volunteers to step in and help us with continued promotion of the coin, etc.

[RidgyDidge]

What the hell happened to the price of this coin ? Just because cryptsy is selling low doesn't mean the other Exchanges need to as you can't even withdraw your funds from cryptsy so on that exchange it is a pointless price, pretty much trading your sprouts for bottled air !

[GoldSeal]

What the hell happened to the price of this coin ? Just because cryptsy is selling low doesn't mean the other Exchanges need to as you can't even withdraw your funds from cryptsy so on that exchange it is a pointless price, pretty much trading your sprouts for bottled air !

Coins on cryptsy fall into 3 categories:

1. coin that cannot be withdrawn
2. coins that are primarily traded on cryptsy
3. coins that are traded on multiple exchanges with decent daily volume

Properties of each type of coin:

Type 1: These are popular coins usually with very high marketcaps
Type 2: These tend to be smaller marketcap coins usually with low daily volumes that cannot be readily sold on other exchanges
Type 3: These coins usually have medium to high daily volumes and may typically be present on Bittrex etc

Thought exercise: "How is each category affected by Cryptsy locking withdrawals for popular coins and causing a bank run?"

Type 1: People sell these coins for fiat and type 3 coins. Fiat purchases will depress exchange rates slightly and this activity stops if fiat withdrawals become blocked. Purchases of type 3 coins can be expected to cause an increase in the price of these coins. You will also see a significant price difference between the prices of type 3 coins on Cryptsy and the same coin traded on another exchange where recent cryptsy withdrawals may be sold for BTC.

Type 2: Holders of these coins are likely to sell them for BTC and use that BTC to purchase type 3 coins. This should be expected to cause drastic price declines in type 2 coins.

Type 3: These coins are considered "exit coins". Increased short term demand for these coins should inflate exchange rates for these coins. We should expect lower exchange rates on other exchanges for the same coin. For example DOGE which has reported risen up to 40% on cryptsy while prices have declined on other exchanges.


With regard to sprouts, it is firmly a type 2 coin. So we should expect a price decline. In addition, the structure of the coin poses problems. Firstly, it is a staking coin and since cryptsy doesn't yield stakes, there has always been a lack of buy side liquidity available making the coin vulnerable to sharp declines in price. Secondly, The coin is a hyperinflation coin. This creates huge incentives to sell newly staked coins when the price on the exchange increases.

So what is the value play for Sprouts? If you believe the cryptsy situation is temporary, then the ideal play is to buy coins on significant dips such as a sudden >20% price decline. Once purchased, one would withdraw the coins to begin staking. If the price improves to a greater than a cumulative +2% per day, then you would transfer the coins back and sell them. Otherwise continue staking them and hope the eventual price improvement outpaces the current rate of inflation. If you believe the cryptsy situation is terminal, then you'd want to continue staking, only buy coins at extreme lows (1 - 5 sat maybe), and after cryptsy eventually fails process coins through other exchanges.

Personally, I don't see any foreseeable immediate profits in sprouts until the inflation rate is seriously curbed. There are too many coins in the hands of people who will sell any uptick. Additionally, I would advise buying other type 3 coins on other exchanges, move them into cryptsy, sell them for a premium, and buy sprouts at a depressed price if you wish to increase your ownership of sprouts. Purchasing and transferring BTC into cryptsy to buy sprouts directly seems wasteful when type 3 coins are providing extra opportunity.

[nhminer]

Coins on cryptsy fall into 3 categories:

1. coin that cannot be withdrawn
2. coins that are primarily traded on cryptsy
3. coins that are traded on multiple exchanges with decent daily volume

Properties of each type of coin:

Type 1: These are popular coins usually with very high marketcaps
Type 2: These tend to be smaller marketcap coins usually with low daily volumes that cannot be readily sold on other exchanges
Type 3: These coins usually have medium to high daily volumes and may typically be present on Bittrex etc

<SNIP>

Personally, I don't see any foreseeable immediate profits in sprouts until the inflation rate is seriously curbed. There are too many coins in the hands of people who will sell any uptick. Additionally, I would advise buying other type 3 coins on other exchanges, move them into cryptsy, sell them for a premium, and buy sprouts at a depressed price if you wish to increase your ownership of sprouts. Purchasing and transferring BTC into cryptsy to buy sprouts directly seems wasteful when type 3 coins are providing extra opportunity.

Nice analysis -- one other factor with sprouts is a non existent development team

[Flam]

There is a flaw in the thought process of people who think that minted coins are immediatly for sale. That's wrong.
The hyper inflation doesn't matter until the coin reach 1 sat situation even  with a decent market cap.
A pos coin and even hi pos coin is not inflating (in the eye of the staker). The ability to mint coins allows you to keep the exact same share of coin total or market cap. That' s not the definition of economical inflation at all.
Everything else is speculation. And every person whiling to sell minted coin is losing a percentage of the total supply and is easying the coin distribution (which is nice for the other holders).
Sprouts didn't went to near 100k to 25k because of the pos mechanism.
The actual pos rate will only be a problem in a near future.
Decreasing the pos rate doesn't need to be hardcore.
Sprouts should remain hi-pos at least for fews years. (500% yearly is a bit  less than 2.5% every 5 days). ANd we can adopt a decreasing curve that is smooth, not a brutal rate reduction which will lead to no further adoption at all.
The only thing that matters at the end is the market cap not the number of coins (1 sat dead end apart).

[GoldSeal]

There is a flaw in the though process of people who think that minted coins are immediatly for sale. That's wrong.
The hyper inflation doesn't matter until the coin reach 1 sat situation even  with a decent market cap.
A pos coin and even hi pos coin is not inflating (in the eye of the staker). The ability to mint coins allows you to keep the exact same share of coin total or market cap. That' s not the definition of economical inflation at all.
Everything else is speculation. And every person whiling to sell minted coin is losing a percentage of the total supply and is easying the coin distribution (which is nice for the other holders).
Sprouts didn't went to near 100k to 25k because of the pos mechanism.
The actual pos rate will only be a problem in a near future.
Decreasing the pos rate doesn't need to be hardcore.
Sprouts should remain hi-pos at least for fews years. (500% yearly is a bit  less than 2.5% every 5 days). ANd we can adopt a decreasing curve that is smooth, not a brutal rate reduction which will lead to no further adoption at all.
The only thing that matters at the end is the market cap not the number of coins (1 sat dead end apart).

Right now it's at 1,000,000% increase per year. I think we have to cut that rate and not overnight. I like the idea of decreasing it by even 5 - 10% slowly over the next 2 - 3 months until we achieve a lower target rate. If the community consensus would like a 2.5% rate, then we could certainly go with that.

Everyone, I've posted a poll to collect votes for the next 5 days on the desired future POS reward rate. Please visit the poll and cast your vote for the rate that you think we should target for the long term POS reward:

https://bitcointalk.org/index.php?topic=1316682.msg13461145#msg13461145

[thundertoe]

There is a flaw in the though process of people who think that minted coins are immediatly for sale. That's wrong.
The hyper inflation doesn't matter until the coin reach 1 sat situation even  with a decent market cap.
A pos coin and even hi pos coin is not inflating (in the eye of the staker). The ability to mint coins allows you to keep the exact same share of coin total or market cap. That' s not the definition of economical inflation at all.
Everything else is speculation. And every person whiling to sell minted coin is losing a percentage of the total supply and is easying the coin distribution (which is nice for the other holders).
Sprouts didn't went to near 100k to 25k because of the pos mechanism.
The actual pos rate will only be a problem in a near future.
Decreasing the pos rate doesn't need to be hardcore.
Sprouts should remain hi-pos at least for fews years. (500% yearly is a bit  less than 2.5% every 5 days). ANd we can adopt a decreasing curve that is smooth, not a brutal rate reduction which will lead to no further adoption at all.
The only thing that matters at the end is the market cap not the number of coins (1 sat dead end apart).

Right now it's at 1,000,000% increase per year. I think we have to cut that rate and not overnight. I like the idea of decreasing it by even 5 - 10% slowly over the next 2 - 3 months until we achieve a lower target rate. If the community consensus would like a 2.5% rate, then we could certainly go with that.

Everyone, I've posted a poll to collect votes for the next 5 days on the desired future POS reward rate. Please visit the poll and cast your vote for the rate that you think we should target for the long term POS reward:

https://bitcointalk.org/index.php?topic=1316682.msg13461145#msg13461145

Looking at the github the apr is 730% a year. If compounded and staked on the 5th day for 73 flips over a year you would hit about 105,000% . Likely very few will do that, so the currencies overall actual rate will be much lower.

[NoobKidOnTheBlock]

I haven't been following the thread thoroughly but I do know that I've seen a lot of people talking about doing a staking reduction or something along those lines and I think that would be a super excellent idea for SPROUTS to do sometime soon because it's already got a good community behind the coin and if you reduce the inflation by a fair bit it could easily rise the price of SPROUTS again to a good stable point of 100 sats or more which would be nice for a lot of people Just saying

[vashshawn]

This wallet needs updating anyways since its based on a way old version of peercoin, so this version of sprouts wallet has a lot of bugs and security flaws

[GoldSeal]

There is a flaw in the though process of people who think that minted coins are immediatly for sale. That's wrong.
The hyper inflation doesn't matter until the coin reach 1 sat situation even  with a decent market cap.
A pos coin and even hi pos coin is not inflating (in the eye of the staker). The ability to mint coins allows you to keep the exact same share of coin total or market cap. That' s not the definition of economical inflation at all.
Everything else is speculation. And every person whiling to sell minted coin is losing a percentage of the total supply and is easying the coin distribution (which is nice for the other holders).
Sprouts didn't went to near 100k to 25k because of the pos mechanism.
The actual pos rate will only be a problem in a near future.
Decreasing the pos rate doesn't need to be hardcore.
Sprouts should remain hi-pos at least for fews years. (500% yearly is a bit  less than 2.5% every 5 days). ANd we can adopt a decreasing curve that is smooth, not a brutal rate reduction which will lead to no further adoption at all.
The only thing that matters at the end is the market cap not the number of coins (1 sat dead end apart).

Right now it's at 1,000,000% increase per year. I think we have to cut that rate and not overnight. I like the idea of decreasing it by even 5 - 10% slowly over the next 2 - 3 months until we achieve a lower target rate. If the community consensus would like a 2.5% rate, then we could certainly go with that.

Everyone, I've posted a poll to collect votes for the next 5 days on the desired future POS reward rate. Please visit the poll and cast your vote for the rate that you think we should target for the long term POS reward:

https://bitcointalk.org/index.php?topic=1316682.msg13461145#msg13461145

Looking at the github the apr is 730% a year. If compounded and staked on the 5th day for 73 flips over a year you would hit about 105,000% . Likely very few will do that, so the currencies overall actual rate will be much lower.

Ah sorry off by one.

1*1.1^73 = 1051.1531995

1 coin can become 1051 coins in a year. +105015% per year. Still a crazy ridiculous number. I love how people keep saying this is not a crazy number and we should just let it go on for a few years.