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Author Topic: 🌱[ANN] SOIL | Environmental | Agriculture | Smart Contracts | Sustainable  (Read 237567 times)
abvhiael
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March 07, 2017, 05:36:23 PM
 #2261

its refreshing to see that the community has remained strong, and rebuilding SOIL, as a functioning dApp platform as well as a profitable exchange commodity, wont be as difficult as one might think. first things first, we need to have some sort of organized development conglomerate thingy figured out. and we need a functioning website up and running and hosted before any exchange will look at us. bittrex has adjusted their requirements for listing, as well as their avg. daily trade rate (to 0.5 BTC day avg over 7 days). i have submitted the necessary ID information for the "enhanced verified account" and as soon as we have the website back up and running somewhere, we can look at a relisting/relaunch.

my question is how well, especially on average block times, the homestead protocol testnet has been running. the super long block times that occur when a mining farm takes advantage of a small cryptocurrency such as SOILcoin have been devastating. the difficulty adjustment alogithm became a huge problem. the adjustments to difficulty adjustments in the homestead protocol were supposed to have dealt with that.

i think if the homestead testnet has been running well (ill have to build and play with it this evening) then we should discuss if any of the core protocol changes need to be made. 15 second blocktimes, with adjusted transaction scalability, should be kept, in my opinion. ive read the ETH wants to process 3-5 second block times, and that might be a smart option for SOILcoin in the future, especially if we follow along towards the Casper Proof of Stake minting strategy when they have a stable version of that running.

should the block reward increase, considering the low unit valuation presently recorded from bittrex at 46 satoshi? does that value really mean anything anymore? im not sure what the buy/sell walls looked like on bittrex at delisting, but the order book has been scrubbed as far as i understand it. thus, with a low supply and low distribution, hitting the reset button on the exchanges gives this community to move away from a panic sell valuation to a more sustainable currency value.

the present distribution scheme of 1SOIL block reward against a targeted 15second block time gives a projected daily mintage of 5760SOIL a day, or a hair over 2.1 million SOIL annually. with a current circulation of 3.3 million SOIL entirely in investors hands (i have bought back 26k SOIL when it was at 550-700 satoshi, that is the whole of my funds) how we approach near term inflation can be important.

a commitment by the development team to contribute solely to a community hosted mining pool for blockchain hashrate stability would be ideal as well. i have an idea about the use of tokens as a proof of share example that could be used as a subcurrency and setting up an organized and decentralized mining cooperative of that sort may fund a "community funded mining rig" whether that be thru fundraising and community pool shares or via the purchase of a community development fund feeding cloud mining instance may also be the answer to protecting our blockchain from the mining farm attacks while keeping the profits from the pool within the community. pool contributors could choose to pay a higher rate of minted coins back to the foundation fund and be rewarded with higher shares in the "pool token" output.

if there is faith in the operation of SOILcoin under the Homestead protocol, then perhaps a scheduled fork should be set, preparing the updated clients and prepare a relaunch of the SOILcoin community under the Homestead protocol. its a chance to breathe new life into tis currency, and make it a truly community driven project. may 1st, beltane to my faith, is the first day of the summer season. thinking strictly metaphorically, that might be the perfect day to schedule the "relaunch" of SOIL mainnet under the Homestead protocols. what says anybody?

FUNDING some of the things that would quickly push adoption is another issue. simple things such as a registered SOILcoin web address and hosting (my example yesterday of soilco.in was $16CDN, or abt .01BTC. if i can wrangle that from my personal budget, in the next week or so, ill set it up) and to have funded hard nodes (perhaps what any fees from a community mining pool could be used to cover) running to ensure network uptime. many exchanges have quick listing options with the use of BTC. i think it was YoBit that i experienced a nightmare with trying to get us listed, but they may have improved their service since then.

with the funds set up already for listing at novaexchange, id urge getting SOIL listed for community voting at the very least as soon as possible. a twitter campaign for votes may prove fruitful as the threshole for inclusion is only 250 votes and im sure i could talk at least a dozen friends to sign up to nova just to vote for us... its one vote a day per user, so organizing that wont be too hard.

further funding may be in the purview of SOILcoin development team produced dApps that can be monetized towards the overall SOILcoin archtecture. id started building up a SOILcoin resident version of the DGX gold-backed token on ethereum, setting it up as pegged to XPD and XPL (platinum and palladium, respectively) as well as the contacts to cold storage vault providers, etc. lost somewhere in the shuffle of forum posts here is what i wrote last year regarding tokens, or subcurrencies, and the atmosphere for that technology has blossomed since then, with many of those projects subcurrencies being traded on altcoin markets. we should look to those as examples moving forward, but in this rebuild mode we need to get the basic building blocks of our presence rebuilt and available.

i will do what i can to assist in building a new website this week. if anyone want to to donate or fund the purchase of the soilco.in domain name and hosting cost for the first year let me know and we can work out the details. ill try to find the cheapest alternatives, but something that isnt hosted on a freebie website will have a bit more of a professional appeal to it right off the get go.

in building up the new website, a short bio on the people stepping up to work as part of the development foundation for SOILcoin would be a good thing to have. anyone here can always reach me on facebook as Abvhiael Crowley, but ill try to provide more comprehensive contact information on a rebuilt website.

its nice to be healthy enough to be back at work on this, although the urge to dive in and spend 10.. 12 hours researching dApps and implementations and contacts and the like is overwhelming. time to step away a few hours and get some housework done. as before, im not a welathy person and working on SOILcoin isnt really something i eer believed would get me rich, and it remains something i can see as taking a good five years to build out int what i foresaw originally.

i will put in as much time as i humanly can to this community, as i did before. if anyone appreciates a project i present, ill GLADLY take tips in cryptocurrency. my original SOIL developers address at 0xe46731382fbc47621a6c480d4b6118026bbbcb3a remains valid, and my BTC address is 1H3xcVEZqPpAH4m8ULr6eh6aF3kpywc9Rw

anything really DOES help as im on limited funds trying to keep up with the costs of my anticonvulsant medications and therapies. my wife is working, but only getting part time hours (although i can get anyone a great deal on stuff from best buy.... just sayin') i do need to get time in on publishing my waterfalls book, but with sunny skies and high photosensitivity, days such as today, ill be putting in to trying to rebuild SOILcoin.

i want to close with an apology to all who put time and money into this project. i feel like i let everyone down when my health took such a bad turn and i could no longer contribute (or truly function on a day to day basis) i want to rebuild this project into what i had envisioned a year and a half ago, and i welcome anyone who wants to contribute to this project to step forward and join the new development team for SOILcoin.

i think we have a different vision than other cryptocurrencies, and a large number of selling points. this project is far too large for one person, it takes a community to build something that will serve a community. we have a very innovative bit of technology at our fingertips, we can build some amazing projects on it and bring in new developers and projects. we need imagination and determination. we need a strong core and a set of smart contract defined priciples. im still ALL IN on the project. i hope i can make good for those of yu that were left "holding the bag" with SOIL and that we can recoup any losses and turn this around again.

ive given over the twitter account to marty, but we could really use a talented social media coordinator for SOILcoin. im too old to understand it, really, and im sure theres a thousand ways to bring recognition to SOILcoin that i havent thot of yet, so .... IDEAS?



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March 07, 2017, 09:09:00 PM
Last edit: March 07, 2017, 09:21:26 PM by MB2016
 #2262


FUNDING some of the things that would quickly push adoption is another issue. simple things such as a registered SOILcoin web address and hosting (my example yesterday of soilco.in was $16CDN, or abt .01BTC. if i can wrangle that from my personal budget, in the next week or so, ill set it up) and to have funded hard nodes (perhaps what any fees from a community mining pool could be used to cover) running to ensure network uptime. many exchanges have quick listing options with the use of BTC. i think it was YoBit that i experienced a nightmare with trying to get us listed, but they may have improved their service since then.

...

with the funds set up already for listing at novaexchange, id urge getting SOIL listed for community voting at the very least as soon as possible. a twitter campaign for votes may prove fruitful as the threshole for inclusion is only 250 votes and im sure i could talk at least a dozen friends to sign up to nova just to vote for us... its one vote a day per user, so organizing that wont be too hard.





Abvhiael, when we were talking about trying to get listed again I purchased a paid weebly account setup for hosting at www.cryptosoil.com. It is already prepaid for a year.  There are no ads since it's paid and it has a blog page built in.  I could provide credentials to our developers and we could use that for a year, then consider switching over to a new domain name when renewal runs next February.  You can build out however you want if that would work.  

As for Nova exchange, I read you get one free vote a day then you can buy votes by purchasing NPOINTS.  They are cheaper than purchasing .4 btc line skip feature.  We should rally as much support as possible then close out missing votes with NPOINTS.  

Also, I don't know if technically feasible, but can we split block rewards like DASH and have a percentage that goes into a community fund and a percentage that goes to coinholders of a certain minimum threshold who are running nodes to keep the network stable?  This would also act as a protection against project abandonment if mining farm attacks continue because all the rewards wouldn't be tied to mining and our nodes would still have an incentive to keep network running. it's likely the nodes and community miners will be the same group in the beginning anyway, so this may actually protect community miners against having their block rewards shut down completely by mining farm attacks.
abvhiael
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March 07, 2017, 11:10:02 PM
 #2263


Abvhiael, when we were talking about trying to get listed again I purchased a paid weebly account setup for hosting at www.cryptosoil.com. It is already prepaid for a year.  There are no ads since it's paid and it has a blog page built in.  I could provide credentials to our developers and we could use that for a year, then consider switching over to a new domain name when renewal runs next February.  You can build out however you want if that would work.  

that would be excellent. id been in process of updating the website before i started getting really sick, so the jobs already halfway done. im not sure what sort of package weebly uses but ill look into it, and make sure everything is formatted correctly and can send you a formatted website to set up on the server, or if you PM the credentials to go in and muck about ill get it rebuilt by end of the week, barring any edits.

Quote
As for Nova exchange, I read you get one free vote a day then you can buy votes by purchasing NPOINTS.  They are cheaper than purchasing .4 btc line skip feature.  We should rally as much support as possible then close out missing votes with NPOINTS.  

as soon as the voting is open we can tweet out the voting link and get whoever we know to put votes in for us as well. if it takes a couplefew days to get the 250 votes, its not a big thing.

once we've got a working website with uptodate links on it, getting onto some other exchanges may be easy, although i think spreading out the trade between any more than three exchanges presently would be counterproductive. an option would be to get listed on bitsquare, which is a decentralized exchange, running peer to peer exchanges between altcoins.  it has fiat capability but from what ive read about that aspect, while altcoin trading is considered safe, fiat trading is still the wild west.

Quote

Also, I don't know if technically feasible, but can we split block rewards like DASH and have a percentage that goes into a community fund and a percentage that goes to coinholders of a certain minimum threshold who are running nodes to keep the network stable?  This would also act as a protection against project abandonment if mining farm attacks continue because all the rewards wouldn't be tied to mining and our nodes would still have an incentive to keep network running. it's likely the nodes and community miners will be the same group in the beginning anyway, so this may actually protect community miners against having their block rewards shut down completely by mining farm attacks.

ill do a readup  on block reward protocol adjustments under ethereum and see what we can come up with. its a bit of an esoteric area, but id started looking into that idea as a form of setting up a scheduled minting to a community develompment wallet, protected by multisig, as part of the process to set the benchmarks necessary to prevent the 51% attacks that crippled KR (and SHF if i recall correctly - i have to give them kudos for reimagining the project when faced with the problem, and have recently announced their IPFS (interplanetary file storage) implementation as, i believe, a LISK commodity.)

there are a ton of ways we can look at pool mining from outside the box, and from a strengthening community perspective. one option would be to tokenize shares in the pool fees, allowing mining output plus a possibly fungible currency on top, the community coin, which can be written with proof of stake mechanism. this sort of possible prelaunch investment may allow for the purchase of cloud mining power for the pool itself, or to go towards core development operators purchasing and running a small ETH-miner rig hardware that pays directly into the community fund.

ive had over half a year to think of implementtions and ideas for projects that should be fairly simple , and spent a lot of time reading about renewable energy technology and getting a real handle on the internet of things concept. ill always have a thousand ideas running through my head, we could use a post-it board onthe blockchain in order for me to pay a SOIL and have my ideas jotted down for posterity because i know i forget more than three quarters of the ideas that come up for how to implent dApps on SOIL.

martymcfly2015
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March 08, 2017, 07:48:30 AM
 #2264

Coin listing details
Addcoin listing created

Your coin was successfully listed in the voting list and will be displayed on the site shortly.

Paid: 0.04000000 BTC

Good luck with your coin!


https://novaexchange.com/addcoin/

Please vote!
abvhiael
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March 08, 2017, 12:53:19 PM
 #2265

Coin listing details
Addcoin listing created

Your coin was successfully listed in the voting list and will be displayed on the site shortly.

Paid: 0.04000000 BTC

Good luck with your coin!


https://novaexchange.com/addcoin/

Please vote!


voted! and ive tweeted it out from our @SOILcoin address, hopefully that garners more clicks. ill get my brother and my wife to put in some votes today as well.
perhaps we could send out an incentive to vote, have someone post a screenshot proving their vote or something, along with their SOIL address and we could send them 10 SOIL or something, what say you folkses?
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March 08, 2017, 08:49:21 PM
 #2266

Coin listing details
Addcoin listing created

Your coin was successfully listed in the voting list and will be displayed on the site shortly.

Paid: 0.04000000 BTC

Good luck with your coin!


https://novaexchange.com/addcoin/

Please vote!


voted! and ive tweeted it out from our @SOILcoin address, hopefully that garners more clicks. ill get my brother and my wife to put in some votes today as well.
perhaps we could send out an incentive to vote, have someone post a screenshot proving their vote or something, along with their SOIL address and we could send them 10 SOIL or something, what say you folkses?

Nice idea! Is it ok with the forum rules? I woud say 10 per vote plus 5 if we have fulfilled all votes under five days?


community
[SOIL] 0xcddb9a3bcde8885911ce8697d18981fee082094f
martymcfly2015
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March 08, 2017, 09:29:27 PM
 #2267

OP updated to have at least correct links. The OP could use freshening up - I'm stuggling with OP design - Would be a good bounty topic?
abvhiael
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March 09, 2017, 12:57:58 AM
 #2268

Coin listing details
Addcoin listing created

Your coin was successfully listed in the voting list and will be displayed on the site shortly.

Paid: 0.04000000 BTC

Good luck with your coin!


https://novaexchange.com/addcoin/

Please vote!


voted! and ive tweeted it out from our @SOILcoin address, hopefully that garners more clicks. ill get my brother and my wife to put in some votes today as well.
perhaps we could send out an incentive to vote, have someone post a screenshot proving their vote or something, along with their SOIL address and we could send them 10 SOIL or something, what say you folkses?

Nice idea! Is it ok with the forum rules? I woud say 10 per vote plus 5 if we have fulfilled all votes under five days?


community
[SOIL] 0xcddb9a3bcde8885911ce8697d18981fee082094f

that sounds perfect, considering valuation and lack of exchange presence, presently. 244 votes remaining (i just voted again... smiley emoji thingy) so 2400 SOIL +1200 SOIL if conditions are met correctly. i think thats a perfect use of the community fund.

is there an opportunity to fine tune the "more info" data on novaexchange. id think thered be an chance to link into the altsheets block explorer, which would give the proper coin supply (approx 3.5 million, not sure if the reading at coinmarketcap reflects a snapshot of market disconnection and theres been mintage since then) and coin cap (set at 33 million SOIL)

i wonder if the bounty payout couldnt be structured into a smart contract? (laughs) prolly not in time anyhow, but im always trying to find ways for stuff like that to be worked into the blockchain. like the need for a post-it dApp to take the place of the forest of sticky notes attached to my monitor... or just to make room for MORE of them. what sort of proofs would work? just a screenshot showing the uptodate vote count posted to here or to twitter?

ill craft a tweet in the morning for the bounty.
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March 09, 2017, 01:53:36 AM
 #2269

OP updated to have at least correct links. The OP could use freshening up - I'm stuggling with OP design - Would be a good bounty topic?

ill try to clean up the formatting of the text blocks.   i can also look into the proper ROKOS graphics and links to show our involvement in that project. (ive been looking at the same teams "MyGeoMall.com" crypto-run auction site, and the Pioneer altcoin exchange they have just gotten up and running, which might also be good fits for SOILcoin.)

the projects listed in a tentative roadmap can be updated as potential projects for the Foundation to work on as time and technology permit. many of those, using project models on ethereum may even serve as tokenized forms of monetization towards the community fund. once we're up and running smoothly again i can start looking into those one at a time.

i have to rebuild a host for SOILex, and will launch a new and clean instance of that. as an on-chain p2p direct subcurrency exchange with the built in BTCrelay, its an invaluable tool for what is turning out to be an important fixture on ETH-space blockchains. with the format of the relay, it should also be simple to adjust the parameters to relay a light client blockchain for ANY sha256 algo currency directly onto the SOILcoin network. the relay contract costs gas, so ill think about some way to monetize the contract address for setting up the BTC light chain again. i was FUNNELING SOIL into the relay when i was testing it previously.

if you get a chance to get those credentials for me on the community website host, ill get the website done by the weekend. the OP looks much better now, though, without all the broken links. mercy buckets!!!

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March 10, 2017, 01:17:40 PM
 #2270

Quote
Hi,

If SOIL is Eth based, we will unfortunately be unable to list it at this moment.

We have now refunded your coin-request after our terms for refunding, and you have BTC balance back on your account.

Regards
Novaexchange Support Team

 Sad
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March 10, 2017, 01:26:44 PM
 #2271

Please vote!

Unfortunatly 0.1 BTC balance on c-cex required for voting.

https://c-cex.com/?id=vote&coin=soil
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March 11, 2017, 01:05:52 AM
 #2272


It's probably good that this coin isn't listed. PoW attacks can happen and exchanges robbed. There could be a really good future for this coin if it's able to switch to PoS a week or more before Ethereum switches over. Then once the network is working securely, open trading back up on bittrex.

Casper proof of stake consensus is the future. PoW works better if there is only 1 biggest chain with all the PoW security behind it. Smaller coins are better off using PoS. It's actually the best way for this coin to proceed.

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March 11, 2017, 06:30:19 PM
 #2273


It's probably good that this coin isn't listed. PoW attacks can happen and exchanges robbed. There could be a really good future for this coin if it's able to switch to PoS a week or more before Ethereum switches over. Then once the network is working securely, open trading back up on bittrex.

Casper proof of stake consensus is the future. PoW works better if there is only 1 biggest chain with all the PoW security behind it. Smaller coins are better off using PoS. It's actually the best way for this coin to proceed.


Ive read a fair bit about the Casper protocols, and id rather wait until after ETH switches over and deals with the likely bugs to the system, or at least deals with the eleventyseven million questions everyone will have, and why theyre not staking blocks and...and...  etc ad nauseum.. *BUT* Proof of Stake would be the truly responsible direction for SOILcoin in the simple idea of energy savings to keep the blockchain in motion. ive loved the innovations on some of the hybrid Pow/PoS currencies, but being most of those also maintain a "naive Proof of Stake" they dont trly address potential attack vectors.

i do like the idea that a malicious attack against the blockchain would cause the loss of the attacker's staked currency, although i havent found out exactly where those penalized funds go, either to a burn address or an equal redistribution among participative wallets perhaps? anyhow.  the time required to set up enough wallets as security deposit holding stakes in order to force an attack on the chain would be too costly to implement, and likely far too time consuming to keep up.

buterin had projected late 2017 as the release, but from what ive looked at with the protocols they seem decent. the parameters in Casper4 have 7 second block times, which would be near instantaneous transaction throughput, and what works out to a 4.5% APR which is sustainable (humorously enough, it works out to 0.01234% daily). ETHs current monetary (supply) inflation rate is at about 18.8% annually.

those sorts of block time parameters would be very beneficial to SOIL, although i do feel we would also benefit by offering a higher APR to increase supply, as i think ANY changeover to PoS would be received with strong positive market momentum. the question there becomes what makes a PoS currency attractive, and for which reasons?

high interest paying PoS coins supper from eventual hyperinflation which drives the price down (not that SOIL couldve gone much lower than it was at delisting) and im absolutely positive that we'll see more than a few ETH clones pop up after the advent of the Casper protocol advertising near-HYIP level rates. all theyd have to do is move the block interest rate from 0.000001 to 0.0001 and theyve created a currency with 450% APR.  

even decent sounding rates of 72% APR (wherein you double your principal in 12 months) would create a massive oversupply. with SOILcoin, we are actually somewhat blessed to have a small circulation of currency that is entirely in the hands of the public. even a high rate of interest (although im not suggesting anything like either of the above examples) would not hurt SOIL if we dont adhere to the original 33million SOIL hard cap.

our current steady distribution model of 1 SOIL per 12 second block produces an average of 2.6million SOIL per year (when the blockchain is running smoothly, and avoiding "difficulty ice ages" which our mainnet homestead switchover should alleviate) is about 50%. we could maintain that sort of level (say 45%) of supply inflation (or 228day avg balance-ROI), which would actually appear more attractive to investors.

anyhow, our switch to PoS will be something i hope the community embraces when we have the opportunity to do so, but i do think we have to have some good discussions behind the economy of doing so, and getting out on the exchanges again is a higher priority. its a shame that novaexchange precluded us based on the mother-chain protocol, but hopefully we will have a presence via an android p2p exchange (something similar to coinswap) and multi-wallet platform very soon. not QUITE an exchange but still the opportunity to divest of SOILcoin into other cryptocurrencies or the other way around. ive been speaking with the developer of one f these projects and as they already maintain ETH on their system, adding us wouldnt be much of an issue. hoping to hear back from him this weekend. we remain somewhat hampered tehre by the lack of traditional centralized market presence. ive emailed ritchie from bittrex again, as our wallets are still functioning with bittrex, and the chain is running. hoping he  might allow for a smaller daily average volume to begin with for us, something along the lines of what was in place previously (0.2BTC/day over 7 day average).

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March 12, 2017, 09:23:48 PM
 #2274

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Hi -

Unfortunately we do not support ETH based currencies / tokens (except for ETH and ETC) currently.

Regards
ethought

email: support@coinexchange.io

this isnt the first exchange response members of the development team have gotten regarding listing at a traditional centralized cryptocurrency exchange. i have to wonder what it is that creates that atmosphere? when the 51% crew was running wild and the collapse of a few ETH-based chains (or at least a reordering), i think that may be why theres an adversity towards accepting dagger algo currencies onto exchanges. ive resubmitted our package to bittrex, now that i have enhanced identity verification.

ive been diligently working on a new and uptodate working website for SOILcoin, and after a few hours of banging my head against the table, its finally coming along smoothly. i hope to have it finished for tomorrow, at least the basic bits of it. i have a new hatred for WIDGETS. but will try to at least find relevant ones.

i hope everyone is having a decent weekend!
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March 13, 2017, 08:04:59 PM
 #2275

Quote
Hi -

Unfortunately we do not support ETH based currencies / tokens (except for ETH and ETC) currently.

Regards
ethought

email: support@coinexchange.io

this isnt the first exchange response members of the development team have gotten regarding listing at a traditional centralized cryptocurrency exchange. i have to wonder what it is that creates that atmosphere? when the 51% crew was running wild and the collapse of a few ETH-based chains (or at least a reordering), i think that may be why theres an adversity towards accepting dagger algo currencies onto exchanges. ive resubmitted our package to bittrex, now that i have enhanced identity verification.

ive been diligently working on a new and uptodate working website for SOILcoin, and after a few hours of banging my head against the table, its finally coming along smoothly. i hope to have it finished for tomorrow, at least the basic bits of it. i have a new hatred for WIDGETS. but will try to at least find relevant ones.

i hope everyone is having a decent weekend!

Great work abvhiael! I was away from home for a couple of days... As far as I understand we are now focusing on getting relistet on Bittrex as the other exchanges do not support ETH like coins during POW phase. Any chance to vote on Bittrex for SOIL?

End of 2017 is quiet a while to go with POW, is there another option to secure the blockchain as to not getting hijacked by a 51% attack?
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March 13, 2017, 09:50:35 PM
 #2276

Quote
Hi -

Unfortunately we do not support ETH based currencies / tokens (except for ETH and ETC) currently.

Regards
ethought

email: support@coinexchange.io

this isnt the first exchange response members of the development team have gotten regarding listing at a traditional centralized cryptocurrency exchange. i have to wonder what it is that creates that atmosphere? when the 51% crew was running wild and the collapse of a few ETH-based chains (or at least a reordering), i think that may be why theres an adversity towards accepting dagger algo currencies onto exchanges. ive resubmitted our package to bittrex, now that i have enhanced identity verification.

ive been diligently working on a new and uptodate working website for SOILcoin, and after a few hours of banging my head against the table, its finally coming along smoothly. i hope to have it finished for tomorrow, at least the basic bits of it. i have a new hatred for WIDGETS. but will try to at least find relevant ones.

i hope everyone is having a decent weekend!

...

End of 2017 is quiet a while to go with POW, is there another option to secure the blockchain as to not getting hijacked by a 51% attack?

Possible solution:
https://github.com/ubiq/go-ubiq/releases/tag/v1.5.10
abvhiael
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March 16, 2017, 01:00:44 AM
 #2277

As far as I understand we are now focusing on getting relistet on Bittrex as the other exchanges do not support ETH like coins during POW phase. Any chance to vote on Bittrex for SOIL?

the process to get relisted on bittrex is a nearly done thing. im presently waiting to hear back about a bit of an exemption to the changed volume (.5BTC day avg over a week) to what it was at before while we get our market back up and running. ive been dong a lot of work showing them that this project is still very much alive, some concepts of things im working towards in the short term.... im hoping we'll know by end of the week, have our order board back up in place.

ive been working on updating our website best as i can around spring break here in the maritimes. entertaining my son when he was 4 was a CINCH. hes going on 7 now, the teevee isnt as adequate a babysitter. ive been working it up at soilcoin.wordpress.com as the cryptosoil.com site wasnt letting me really nuts and bolts edit. of course, wordpress is a bit of a learning curve, thus.. "under construction"

there have been many bad bad irish curses thrown at the computer the last few days over this silly thing. better than the corel website creation software id used VERY SUCCESSFULLY before to build the SOILex website, id gotten things close to where i liked it and the whole thing crashed, taking 8 hours of work with it. i THOUGH id saved it as id gone along. turns out mondays dont give a damn about that sort of thing...

Quote
End of 2017 is quiet a while to go with POW, is there another option to secure the blockchain as to not getting hijacked by a 51% attack?

theres several options we can take, and some of them require a level of trust or minor centralization. ive done a fair bit of reading on the situation, and ill tr to have something written up as son as ive figured ot how to kill it with wordpress. having an up to date and position-centric website is central not only to ensuring our relisting at bittrex, but ensuring that we can reinvigorate the brand of SOIL and bring interest back towards the developments and applications we will be making.

read a fair bit today regarding the "decentralized capital" set of solidity contracts that are used to bring stable "digital-fiat" onto the blockchain which is backed by an accounted real world asset set in an account. one of my biggest dreams for SOIL is a commodities index and trade platform, and the idea of VETTED crypto-stocks, and fiat/crypto gateways are an important part of enabling blockchain usage for real world events.

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March 18, 2017, 09:10:10 PM
 #2278


End of 2017 is quiet a while to go with POW, is there another option to secure the blockchain as to not getting hijacked by a 51% attack?

Possible solution:
https://github.com/ubiq/go-ubiq/releases/tag/v1.5.10


i love the name of their difficulty algorithm adjustment: the "flux difficulty algorithm". i havent had the time to compare their blockchain protocols to ethereums to understand what they mean, as his explanation states tat both of their algorithms look at the previous block times to prevent spikes and valleys in block difficulty, nless the flux algorithm is looking beyond just the last block? it sounds like a good solution to blocktime issues, and preventing ice ages, but it wont prevent 51%+ attacks on te blockchain. thats measured in hashing power against the system, which is simply attracting more miners to the system, or finding a way to have more official Core Dev mining power against the system. i cant help much in the mining, i have an... adequate... desktop computer with onboard graphics that SUCK. and an issue therein that gives me nothing but grief trying to fire up ethminer. i DO keep my CPU mining going overnight but thats a drop in the bucket, bandwidth wise. i DO look forward to when SOILcoin can be run with a hybrid POW/POS workload, that i think prevents centralization by either mining farms or whale wallets from having control of the system. i dont think that our current POW scheme is perfect, but it was what was available to work with on an ethereum based blockchain when we launched our mainnet less than two months after ETH.

i havent had the chance to really dig too deep into how Ubiq is running, or how that diff algo is working for them, have you been following the project? maybe reach out to them and see how its working for them. what sort of stress tests have they experienced? with a STABLE and responsive difficulty adjustment set, and the retargetting rules naturally set in homestead, i think we may find a better tuned blockchain that may allow some competitiveness for big-data-crunching application development.

i should be done our new web site by tonite. god willing. between march break and suddenly everybodys friend wants a tattoo with a long soulful detailed consultation beforehand...
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March 19, 2017, 10:40:26 PM
 #2279

In setting up the new SOILcoin website (which will be uploaded to soilcoin.altervista.org temporarily until i can figure out how to dump the whole package on the registered cryptosoil.com website) Ive had the chance to start looking into how to increase both our avaliability and our presence.

To that end Ive launched our chatroom on Telegram. (https://t.me/SOILcoin) There are lots of "bots" being developed on Telegram and is someting that we should take advantage of. Ive noted that Zcash has a Wallet bot running on Telegram, for instance... and there are lots of games which we might adapt for usage with SOIL currency. Ill leave it running on my desktop and cellphone if anyone ever needs to get ahold of me desperately right now sorta thing.

Ive also JUST BARELY STARTED figuring out how to set up our own forum, where Ill keep copies of our user guides, FAQs, etc. as well as open discussions for mining, community issues, announcements, etc. So far, the task of SETTING UP the subboards looks like its going to take a fresher brain than I have this evening, but as soon as I have it set up, we will have fresh discussion board available at soilcoin.forumotion.com I'l update the OP with those links as soon as im able.

My aim is to bring SOILcoin and our project more out into the public awareness as much as possible, and hope that these small steps along the way assist us in that.

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March 21, 2017, 05:35:44 AM
 #2280

Have you thought of using Ryver or something like that?

Shift Coin, Phantom/IPFS the new Web 3.0
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