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ShiftTeam (OP)
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October 11, 2015, 10:16:43 AM |
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The PoS will be a mix of having a node running.. do not have to be mining but should take part in the network, a coinage on the account with a minimum of (no decided.. 72hours maybe) and a minimum amount that the account holds. The most important part is to actually have a node running that takes part in the p2p network. As you hear.. it is similar to other pos systems, but the payout to nodes is not centralized. There will also be mining involved.. so it is a hybrid.
Nice! Please set decent minimum amount needed for stake. 20k for example, especially in case of hybrid. btw, what PoS % and PoW reward will be after switch to hybrid mode? Not decided. Miners will get a higher percentage, that we can say. |
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ShiftTeam (OP)
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October 11, 2015, 10:19:51 AM |
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The PoS will be a mix of having a node running.. do not have to be mining but should take part in the network, a coinage on the account with a minimum of (no decided.. 72hours maybe) and a minimum amount that the account holds. The most important part is to actually have a node running that takes part in the p2p network. As you hear.. it is similar to other pos systems, but the payout to nodes is not centralized. There will also be mining involved.. so it is a hybrid.
Nice! Please set decent minimum amount needed for stake. 20k for example, especially in case of hybrid. btw, what PoS % and PoW reward will be after switch to hybrid mode? There is an idea of two different nodes. Regular with minimal amount of stakes and a SST node.. super staking nodes which have ten times more than the minimal stake amount. Nothing is decided yet... beware of that |
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ShiftTeam (OP)
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October 11, 2015, 10:22:43 AM |
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Hi team, Why is it saying the following error when no contract has been created? [tt][sub][sub]I1011 05:20:01.451406 7140 handler.go:185] Peer c4c7b45d9751f329 [shift/61]: peer connected [SHIFT/v0.4.0/linux/go1.5.1]
I1011 05:20:01.508971 7140 transaction_pool.go:292] tx error: Insufficient funds for gas * price + value
I1011 05:20:01.510020 7140 transaction_pool.go:292] tx error: Insufficient funds for gas * price + value[/sub][/sub][/tt] Exactly what it says. You empty your account but dont calculate the with the gas you have to pay. Studied the code in a glance.. might be wrong |
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chalkboard17
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October 11, 2015, 02:05:49 PM |
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I think the peercoin approach would work very well with shift, and we could also improve it.
In the beggining, pow gets the vast majority of the blocks, but as time passes pos blocks increase its share towards pow blocks.
I think in the end instead of a 1% inflation like ppc has, we could have a 1 shift 100% pos reward per block, which in the long run would mean less than 1% inflation, and no more pow (but only after a very long time has passed, pow will be important for a long time)
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Lovethecoins
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October 11, 2015, 02:42:17 PM |
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I think the peercoin approach would work very well with shift, and we could also improve it.
In the beggining, pow gets the vast majority of the blocks, but as time passes pos blocks increase its share towards pow blocks.
I think in the end instead of a 1% inflation like ppc has, we could have a 1 shift 100% pos reward per block, which in the long run would mean less than 1% inflation, and no more pow (but only after a very long time has passed, pow will be important for a long time)
There is lots of clever ways of doing POS I would use something more unique as it draws in peoples attention |
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ShiftTeam (OP)
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October 11, 2015, 06:10:06 PM |
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I think the peercoin approach would work very well with shift, and we could also improve it.
In the beggining, pow gets the vast majority of the blocks, but as time passes pos blocks increase its share towards pow blocks.
I think in the end instead of a 1% inflation like ppc has, we could have a 1 shift 100% pos reward per block, which in the long run would mean less than 1% inflation, and no more pow (but only after a very long time has passed, pow will be important for a long time)
There is lots of clever ways of doing POS I would use something more unique as it draws in peoples attention We are all ears, how would you prefer to do PoS?  Regards |
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NextGenCrypto
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October 11, 2015, 07:43:14 PM |
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I think the peercoin approach would work very well with shift, and we could also improve it.
In the beggining, pow gets the vast majority of the blocks, but as time passes pos blocks increase its share towards pow blocks.
I think in the end instead of a 1% inflation like ppc has, we could have a 1 shift 100% pos reward per block, which in the long run would mean less than 1% inflation, and no more pow (but only after a very long time has passed, pow will be important for a long time)
There is lots of clever ways of doing POS I would use something more unique as it draws in peoples attention We are all ears, how would you prefer to do PoS? Regards This should be good... How are there "lots of clever" ways? Since it hasn't been done on this code base, there's ONE way, do it from scratch. |
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cathat
Full Member
 Offline
Activity: 264
Merit: 100
TEMCO
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October 11, 2015, 07:44:32 PM |
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If someone will fill my order I will be very glad, so buy high sell low to me. thank you  |
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Lovethecoins
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October 11, 2015, 08:51:52 PM |
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If someone will fill my order I will be very glad, so buy high sell low to me. thank you haha gotta love them buy high sell low people but I don't know how much you will get done here..I tried  |
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Gumbork
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October 12, 2015, 02:13:26 AM |
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with a current total supply of 829,177 SHF is a great place to pick some more up.
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qwep
Legendary
Offline
Activity: 1008
Merit: 1000
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October 12, 2015, 02:19:41 AM |
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If someone will fill my order I will be very glad, so buy high sell low to me. thank you haha gotta love them buy high sell low people but I don't know how much you will get done here..I tried there not that much money to be made in this type of accumulation period, just some small .1 to .3 dumps most likely miner getting btc to pay for the light bill. |
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Lovethecoins
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October 12, 2015, 03:57:12 AM |
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If someone will fill my order I will be very glad, so buy high sell low to me. thank you haha gotta love them buy high sell low people but I don't know how much you will get done here..I tried there not that much money to be made in this type of accumulation period, just some small .1 to .3 dumps most likely miner getting btc to pay for the light bill. Each time someone wants coins the price gets driven up. Low supply low market cap I wonder how this will play out  |
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trid
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October 12, 2015, 06:25:50 AM |
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There is an idea of two different nodes. Regular with minimal amount of stakes and a SST node.. super staking nodes which have ten times more than the minimal stake amount
yep! and x (ten?) times more PoS % then the regular node PoS %! |
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fartbags
Legendary
Offline
Activity: 1190
Merit: 1004
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October 12, 2015, 06:27:27 AM |
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There is an idea of two different nodes. Regular with minimal amount of stakes and a SST node.. super staking nodes which have ten times more than the minimal stake amount
yep! and x (ten?) times more PoS % then the regular node PoS %! 10x staking amount seems a bit extreme. maybe 5x more stake. |
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Taiga
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October 12, 2015, 06:44:19 AM |
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Hi DEV i have problem with gui client 0.9.3. OS win7x64 and win 8x64. shift-windows-amd64 synchronization is ok, new account, new DAGs, but gui client don't work. What's happened and how can i win this, dev?   |
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ShiftTeam (OP)
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October 12, 2015, 07:00:56 AM |
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There is an idea of two different nodes. Regular with minimal amount of stakes and a SST node.. super staking nodes which have ten times more than the minimal stake amount
yep! and x (ten?) times more PoS % then the regular node PoS %! Sorry, what i ment was, you have to have ten times more funds than the minimal amount of funds you have to have before you can stake. In other words, regular staking node: 2000shf, supernode: 20000. This is just an example, the numbers can be fine tuned. 5x might be good. Its not any problem to fine tune this stuff later. This is no PoS though, its node staking, PoW will still confirm blocks and will earn more funds than node staking. |
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ShiftTeam (OP)
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October 12, 2015, 07:04:03 AM |
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Hi DEV i have problem with gui client 0.9.3. OS win7x64 and win 8x64. shift-windows-amd64 synchronization is ok, new account, new DAGs, but gui client don't work. What's happened and how can i win this, dev? Will be forwarding this to almindor. |
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Phantas
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October 12, 2015, 12:51:09 PM |
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Hi DEV i have problem with gui client 0.9.3. OS win7x64 and win 8x64. shift-windows-amd64 synchronization is ok, new account, new DAGs, but gui client don't work. What's happened and how can i win this, dev? Will be forwarding this to almindor. I have same problem on same OS (Win7 x64)  |
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Argwai96
Legendary
Offline
Activity: 1036
Merit: 1000
Thug for life!
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October 12, 2015, 02:08:20 PM |
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There is an idea of two different nodes. Regular with minimal amount of stakes and a SST node.. super staking nodes which have ten times more than the minimal stake amount
yep! and x (ten?) times more PoS % then the regular node PoS %! Sorry, what i ment was, you have to have ten times more funds than the minimal amount of funds you have to have before you can stake. In other words, regular staking node: 2000shf, supernode: 20000. This is just an example, the numbers can be fine tuned. 5x might be good. Its not any problem to fine tune this stuff later. This is no PoS though, its node staking, PoW will still confirm blocks and will earn more funds than node staking. This type of example will bring to live a brand new type of reward system then, using some what of the reward system of PoS and Nodes with the strength of PoW. |
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ShiftTeam (OP)
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October 12, 2015, 07:11:29 PM
Last edit: October 12, 2015, 07:48:09 PM by ShiftTeam |
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There is an idea of two different nodes. Regular with minimal amount of stakes and a SST node.. super staking nodes which have ten times more than the minimal stake amount
yep! and x (ten?) times more PoS % then the regular node PoS %! Sorry, what i ment was, you have to have ten times more funds than the minimal amount of funds you have to have before you can stake. In other words, regular staking node: 2000shf, supernode: 20000. This is just an example, the numbers can be fine tuned. 5x might be good. Its not any problem to fine tune this stuff later. This is no PoS though, its node staking, PoW will still confirm blocks and will earn more funds than node staking. This type of example will bring to live a brand new type of reward system then, using some what of the reward system of PoS and Nodes with the strength of PoW. Yes, there will be some changes to the devp2p protocol that shift uses. But we are getting there. We have an 80% done PoC code in python (which will be converted into golang) that handles the staking node winner. It actually uses live data from network in some extent. The miner who mines a block will be the one who pays out the stake to the node winner. How this will be done is in planning stage.. but the PoC is soon done and we will now start with p2p protocol changes. Some facts though, Node stake reward is dynamic and is calculated by the actual amount of SHF in the system. This due to the inflation. Rewards must be aware of inflation. Only a certain % of the nodes in the network will get a rewards, every node is randomly selected. In theory a node could receive a reward two blocks after each others (opinions about this?). (Block: 196872) Number of nodes: 9, number of nodes that gets a reward: 1([u'108.61.218.27:53900']), reward each: 0.279558 (Block: 196873) Number of nodes: 9, number of nodes that gets a reward: 1([u'108.61.218.27:53900']), reward each: 0.279560 (Block: 196874) Number of nodes: 9, number of nodes that gets a reward: 1([u'104.238.191.83:53900']), reward each: 0.279561 (Block: 196875) Number of nodes: 9, number of nodes that gets a reward: 1([u'45.32.241.124:53900']), reward each: 0.279562 (Block: 196876) Number of nodes: 9, number of nodes that gets a reward: 1([u'104.238.191.83:53900']), reward each: 0.279564 (Block: 196877) Number of nodes: 9, number of nodes that gets a reward: 1([u'104.238.146.111:53900']), reward each: 0.279565 Remember, the above is a centralized, but will be fully decentralized. What this node sees is far from every node in the network. Every node in the network must be aware of every other node. This needs to be propagated to each nodes by them talking with each other. That is what we must accomplish with changes in the p2p protocol. Also we need to ship the coinbase address of a staking nodes IP-address. |
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