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

[ukmayhem]

looks good mate cant wait to start seeing the changes after the hard fork well done to you and your team to bring this back

[1715009129]

1715009129

[1715009129]

1715009129

[Fishmaster42]

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.

Sounds good  +1

[Kushedout]

Very nice, I like the concept, this will definitely be another interesting experiment.

Can't wait for the fork.

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.

[Pito001]

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

Bittrex now in listing

Also, when is fork expected?

[BITDV]

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.

Very interesting idea , i like it !!

[tacocat]

Putting some bitcoin into this soon as i can. Coin has potential. 

[CryptoHobo]

the last post in the old thread now links to this thread, but original dev still said nothing 

[crunck]

Just bookmarking this thread

[Kushedout]

Well, he knows the coin is in better hands now, so why fight it, hence why he pointed to the new thread.
Besides, that doesn't mean he can't still be part of it.

the last post in the old thread now links to this thread, but original dev still said nothing  

[CryptoHobo]

@Kushedout makes sense why he pointed to the new thread im just surprised that he doesn't seem to want to be part of it

[presstab]

New coin control dialog teaser:



https://github.com/presstab/ratecoin/commit/3c73912bfb1b11b7015f69302914018db63b57e5

[BITDV]

New coin control dialog teaser:



https://github.com/presstab/ratecoin/commit/3c73912bfb1b11b7015f69302914018db63b57e5

Kool , cant wait to start playing and testing this out! +1

[presstab]

HARD FORK SCHEDULED

Code:

static const unsigned int FORK_TIME = 1437613200; // Thu, 23 Jul 2015 01:00:00 GMT

I still have some more changes to make before updating the wallet, so hold steady

[hunterwolf]

HARD FORK SCHEDULED

Code:

static const unsigned int FORK_TIME = 1437613200; // Thu, 23 Jul 2015 01:00:00 GMT

I still have some more changes to make before updating the wallet, so hold steady

thx, looks like good now after take over. i'm watching. i hope going better.

[Fishmaster42]

Well, he knows the coin is in better hands now, so why fight it, hence why he pointed to the new thread.
Besides, that doesn't mean he can't still be part of it.

the last post in the old thread now links to this thread, but original dev still said nothing  

+1 We got this couldnt have turned out any better.

[kevin1234a]

based upon new scheme what would be the most effective block size

[presstab]

Code:

21:05 <@presstab> as I have discussed with a few people. a minimum stake reward
                  will be added as well.
21:05 <@presstab> 100 coins per stake, would mean a mimimum of 48,000 coins per
                  day, which would be good for the network and a good incentive
                  for early stakers

Just making sure to post this here too. I believe that 100 coin minimum per stake is on the low side, it could be bumped up if anyone here has strong feelings about it. The higher the minimum stake reward is, the quicker we will be able to reward the initial stakers (all of you).  I am going to code it in as 100 for now, if anyone has strong feelings speak up and I can add an additional commit before the fork.

[presstab]

New reward code is now on github: https://github.com/presstab/ratecoin/commit/8d2dd6b36538eb5b1dda07ade115d065c1c12f27

[presstab]

A lot of things I was able to get done today.

[Fuzzbawls]

Very nice looking future for this coin! cannot wait until the fork date