[XRA] RateCoin | PoS | Unique Generous Rewards | Low Supply Inflation

[presstab]

Ok I have a big stake in Ratecoin , my contribution , i could organize a profit switching pool that pays out in Ratecoin , unless someone already has it in the works??

I am not sure if anything is in the works at this moment, but I would say go for it! I am not a miner myself, but I am sure some other community member might be interested in pooling up with you.

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[presstab]

Remy and I (mostly Remy) have successfully found the root of the staking problems. Essentially some bad data type uses in the staking code. A solution will be easy to implement and will require a hard fork.

I think for a coin with a name like "RateCoin" it would be a good idea to have a reward system that pays a higher stake rate the longer you hold the coin. Maybe have a few different brackets for different periods of time. What is everyone's thoughts on such a system? I think it would really set this coin up to be unique.

[Coingrab]

Remy and I (mostly Remy) have successfully found the root of the staking problems. Essentially some bad data type uses in the staking code. A solution will be easy to implement and will require a hard fork.

I think for a coin with a name like "RateCoin" it would be a good idea to have a reward system that pays a higher stake rate the longer you hold the coin. Maybe have a few different brackets for different periods of time. What is everyone's thoughts on such a system? I think it would really set this coin up to be unique.

+1 it is a great idea and encourages long term staking of the coin which is very healthy for the blockchain network. Hopefully something fairly easy to implement.

[Kushedout]

Remy and I (mostly Remy) have successfully found the root of the staking problems. Essentially some bad data type uses in the staking code. A solution will be easy to implement and will require a hard fork.

I think for a coin with a name like "RateCoin" it would be a good idea to have a reward system that pays a higher stake rate the longer you hold the coin. Maybe have a few different brackets for different periods of time. What is everyone's thoughts on such a system? I think it would really set this coin up to be unique.

I agree, coin should stand by its name. Brackets would be nice, kinda incentive for early adopters.
What if interest rate also went up as diff goes up, but with some inflation controls in place, so even though stakes increase, rates decrease due to high diff. (just thinking out laud

Also guys, dont just type +1,   your posts will get deleted by forum mods.

Great work presstab and Remy, you did more work in a single day than most devs in weeks/months. And thanks for the Block Explorer (on crack) as well.  http://www.presstab.pw/phpexplorer/XRA

[ASICrefugee]

Remy and I (mostly Remy) have successfully found the root of the staking problems. Essentially some bad data type uses in the staking code. A solution will be easy to implement and will require a hard fork.

I think for a coin with a name like "RateCoin" it would be a good idea to have a reward system that pays a higher stake rate the longer you hold the coin. Maybe have a few different brackets for different periods of time. What is everyone's thoughts on such a system? I think it would really set this coin up to be unique.

That's a great idea

[Fishmaster42]

Remy and I (mostly Remy) have successfully found the root of the staking problems. Essentially some bad data type uses in the staking code. A solution will be easy to implement and will require a hard fork.

I think for a coin with a name like "RateCoin" it would be a good idea to have a reward system that pays a higher stake rate the longer you hold the coin. Maybe have a few different brackets for different periods of time. What is everyone's thoughts on such a system? I think it would really set this coin up to be unique.

+1 very good idea

[altcoinhosting]

Great work guys, works perfectly... I'm currently staking with a couple hundred XRA i got from yobit 

[wdyer]

Cool takeover. I'm holding some coins good luck 

[Remy_5]

Great work presstab and Remy, you did more work in a single day than most devs in weeks/months.

All the credit belong to PressTab, I just stumbled on a.... bug.
 

Bye Bye

[YoBit]

RateCoin wallet updated

[godda04]

Has anyone put themselves forward as being lead dev yet?

[Hedgehog01]

Has anyone put themselves forward as being lead dev yet?

After seeing what prestab did with hypercoin I vote for him

[presstab]

Has anyone put themselves forward as being lead dev yet?

After seeing what prestab did with hypercoin I vote for him

Common mistake, HyperStake not HyperCoin

I am willing to help as a interim dev. But would like to find someone that could devote more time to the coin. I will be happy to spend a bit of time to fix all the code and update the wallet a bit, but my primary focus is HYP.

[godda04]

Has anyone put themselves forward as being lead dev yet?

After seeing what prestab did with hypercoin I vote for him

Common mistake, HyperStake not HyperCoin

I am willing to help as a interim dev. But would like to find someone that could devote more time to the coin. I will be happy to spend a bit of time to fix all the code and update the wallet a bit, but my primary focus is HYP.

Kinda glad you've said that, obviously got your priorities in order. Good on ya

[Hedgehog01]

Has anyone put themselves forward as being lead dev yet?

After seeing what prestab did with hypercoin I vote for him

Common mistake, HyperStake not HyperCoin

I am willing to help as a interim dev. But would like to find someone that could devote more time to the coin. I will be happy to spend a bit of time to fix all the code and update the wallet a bit, but my primary focus is HYP.

Oops, sorry about that.

I fully understand the need for full time DEV.

Thanks for any effort and time you can spare.

[Joshua kingpin]

I sended email to old dev.
I will try to get access to web hosting.... (and link to new thread from the old one)

If he will provide me the access I will share it here.

Nice move on takeover.  I will folow too.
 +1
 

[Pito001]

Could someone get Bittrex added to listing on coinmarketcap?
Maybe even change the 'discussion' link? add website?

[Scaccomatt0]

Remy and I (mostly Remy) have successfully found the root of the staking problems. Essentially some bad data type uses in the staking code. A solution will be easy to implement and will require a hard fork.

I think for a coin with a name like "RateCoin" it would be a good idea to have a reward system that pays a higher stake rate the longer you hold the coin. Maybe have a few different brackets for different periods of time. What is everyone's thoughts on such a system? I think it would really set this coin up to be unique.

Thanks presstab for the info. Is it possible to have a comparison between old bugged code and new one? Just to understand a little deeper how everything works.

thanks

[presstab]

Remy and I (mostly Remy) have successfully found the root of the staking problems. Essentially some bad data type uses in the staking code. A solution will be easy to implement and will require a hard fork.

I think for a coin with a name like "RateCoin" it would be a good idea to have a reward system that pays a higher stake rate the longer you hold the coin. Maybe have a few different brackets for different periods of time. What is everyone's thoughts on such a system? I think it would really set this coin up to be unique.

Thanks presstab for the info. Is it possible to have a comparison between old bugged code and new one? Just to understand a little deeper how everything works.

thanks

Yes when I make a commit on github for it, it will lay out exactly what was added, removed, changed, etc in an easy to read format.

[presstab]

I would like to propose the following rate schedule:

Code:

	int64_t nRewardCoinYear;
	int nTimeDay = 60 * 60 * 24;
	
	if(nAge > nTimeDay * 256) 
		nRewardCoinYear = 25.6289 * CENT;
	else if(nAge > nTimeDay * 128)
		nRewardCoinYear = 17.0859 * CENT;
	else if(nAge > nTimeDay * 64)
		nRewardCoinYear = 11.3906 * CENT;
	else if(nAge > nTimeDay * 32)
		nRewardCoinYear = 7.5938 * CENT;
	else if(nAge > nTimeDay * 16)
		nRewardCoinYear = 5.0625 * CENT;
	else if(nAge > nTimeDay * 8)
		nRewardCoinYear = 3.375 * CENT;
	else if(nAge > nTimeDay * 4)
		nRewardCoinYear = 2.25 * CENT;
	else if(nAge > nTimeDay * 2)
		nRewardCoinYear = 1.5 * CENT;
	else if(nAge > nTimeDay * 1)
		nRewardCoinYear = 1 * CENT;
	else
		nRewardCoinYear = 0.25 * CENT;

The scheme here is that for each doubling of the time you hold the output before it stakes (ie the "block" of coins) you will receive an extra 1.5 times more in rate paid out. This system will create upwards momentum on price because it encourages long term holding of the coins, which will keep them off of the sell side of the order book. I beleive the numbers could be more aggressive and pay long term holders a bit higher, but have had several people say they want low inflation rates.

I would also like to raise the block target to 3 minutes. This will mean that difficulty will be increased (which will fight off the decrease in difficulty from coins going offline for extended periods) and that the network will be safer. Longer block time also means a lighter weight client that doesn't consume as much resources and won't grow a bloated blockchain as fast.

Edit: I should also mention that I would plan on adding the ability to select an output (coin block) in coin control and tell it to not be eligible to stake for a certain amount of time. So if you wanted to stake some blocks after 2 days and some blocks after 32 days, it would be an easy thing to do.