[ANN]FREEDOMCOIN - Yobit

[wildduck]

Well with the increase of stake % i would buy more

[CryptoWitch]

So dev what is the plan, guess you need people to stake coins because you dumped all yours already and do not stake at all.

[raetsch]

frdc to the moon










ah shit, wrong coin

[MikroTik]

Yes mate ros is mooning not frdc

[raetsch]

bad luck for me, that i invested in frdc and not ros...

[placebo]

bad luck for me, that i invested in frdc and not ros...

Ah, be patient. I'm trying to get something here. but it takes time. Currently it is stupid to sell anyway, so better wait and maybe something nice will be announced

[fooc]

Network is running and stakink like a boss

[placebo]

Network is running and stakink like a boss

If people stake then there is no problem with the coin at all. People that complain that the coin doesn't work is because the community isn't staking, this coin works perfectly. Look at ROS, it is also running perfectly for almost 18 months, but if nobody stake, then of course there is no network and no blocks are being found.

[raetsch]

if the price goes down to 10% of ico price, you can't blame the people for getting their coins to exchange, hoping to sell them with a minimized loss.
1% interest needs really long to cover a loss of 90%

[MikroTik]

Yes 1% PoS for me is pretty low and because of that this coin isn`t tempting for staking.

[drays]

As the network have finally moved (congratulations!! ), I am splitting my coins to have more staking inputs. I would recommend everyone do the same, to prevent chain from stopping again. All we need to keep the blockchain running is just about 40-60 staking inputs, so if evertone makes sure he has 10-20 inputs, the chain will move flawlessly. If someone is unsure how to split coins, just ask here for instructions...

As Placebo plays deaf and prefers not to notice the "incentive" request in every second post in this thread, the coin holders have to help themselves somehow

[raetsch]

maybe not everybody has enough coins, to make 10-20 chunks. how big are your chunks? maybe we can optimize it over all stakers.

[drays]

maybe not everybody has enough coins, to make 10-20 chunks. how big are your chunks? maybe we can optimize it over all stakers.

Chunks don't have to be big actually. In case when not much people are staking, I think even small chunks have good chances. But I am not sure how the difficulty works in case of PoS. In case of PoW coins, when some big miner increases the diff, then leaves the network, small miners have to spend days or weeks to resolve a single block... Not sure if something similar could happen in case of PoS.

Anyway, I split them by blocks of about 100-200 coins.

[raetsch]

ok, mine are 500. then i will make them a bit smaller

[placebo]

Will increasing POS rate result in more people staking?

[wildduck]

This is the question for the comunity?
My opinion it will have impact.

[placebo]

This is the question for the comunity?
My opinion it will have impact.

That is a question to found out if more people will stake to secure the network.

[Tortoise75]

I'd say it does give more incentive to do so but does not necessarily has an impact. For one the effect depends heavily on how much reward is paid of course.

Then some things I noticed: Interest based rewards work well if there's quite some community interest in the coin. If not there is the problem that, especially with no or a high max age cap, people tend to do one input, let it age and stake it once for the interest in the max age period or week. There is no incentive to stay online because more stakes just result in the same reward in more smaller chunks instead of a bigger one.
Fixed block rewards work better in this situation because every block counts, if few people are there the better for the single one since quite few coins are enough to reap quite an impressive return. But unless the block rewards are quite high it doesn't drives a hype as well since with lots of people staking the amount appears less attractive compared to the amount of coins needed to get blocks regularly whereas interest based rewards scale up and even with getting a block just now and then it makes up with delivering a higher reward (and the wallet can be offline for some initial maturing/aging).

I'd suggest to raise the reward slightly and perhaps pay a small fixed base block reward with the interest based reward on top.

Edit: The coin is based on a hybrid code. Is it disabled or can people solo mine some zero reward PoW blocks to push the chain?

[drays]

I'd say it does give more incentive to do so but does not necessarily has an impact. For one the effect depends heavily on how much reward is paid of course.

Then some things I noticed: Interest based rewards work well if there's quite some community interest in the coin. If not there is the problem that, especially with no or a high max age cap, people tend to do one input, let it age and stake it once for the interest in the max age period or week. There is no incentive to stay online because more stakes just result in the same reward in more smaller chunks instead of a bigger one.
Fixed block rewards work better in this situation because every block counts, if few people are there the better for the single one since quite few coins are enough to reap quite an impressive return. But unless the block rewards are quite high it doesn't drives a hype as well since with lots of people staking the amount appears less attractive compared to the amount of coins needed to get blocks regularly whereas interest based rewards scale up and even with getting a block just now and then it makes up with delivering a higher reward (and the wallet can be offline for some initial maturing/aging).

I'd suggest to raise the reward slightly and perhaps pay a small fixed base block reward with the interest based reward on top.

Edit: The coin is based on a hybrid code. Is it disabled or can people solo mine some zero reward PoW blocks to push the chain?

Interesting research. Based on that, the best approach here would be to keep the regular interest rate at 1%, but on top of that add fixed rewards of not very big size (so they cause about 4% of yearly inflation). This will ensure there are at least few persons leaving their wallets staking all the time, and chain will move well. If others are not willing to do the same, its ok for them to get practically just 1% yearly rewards, while the ones who support the network will get much more (depending on how many people will join).
The rewards structure in that case will be similar to masternode-enabled network rewards actually... but with added bonus - the wallets will move the network unlike regular masternodes.

The goal - network running smooth - will be reached then.

[snipsnoop]

Aye, I'll be honest I don't run the client all the time.
Keep forgetting since there is no reward whatsoever for keeping it open.