💸 DigiCube 🔷 NOW ON RAWX (NEW MCXNOW) 💸 EARN 50K CUBE/WEEK WITH TWITTER!

[GREEDYJOHN]

Hi all
I like the idea but i think.

If This is going to happen we need to make sure all new/old investors understand how the coin works.
(it needs to be fool proof clear indication of loss gain est)
1 make sure investors know exactly how many coins they need to purchase or the amount of time they need to wait before (there investment) can be staked to receive a reward.(some form of chart with examples?)(or an in wallet display giving a stake timer count down)
2 A way of keeping the small investor as well as the larger ones
3 This system needs to be fool proof no one wants too LOOSE there investment.
4 All'so a way to lock individual amount of coins in the wallet so if you have multiple deposits you can stake the mature coins without losing the none mature ones.

This coin needs WHITEPAPER for it to become very expensive.

[Tortoise75]

Details on the upcoming fork
Planning for Block 800k, but block number may change

Stake Threshold Changes

• Minimum Coin Age Threshold has been increased by a factor of 10
• Formula for the maximum possible block reward remains unchanged

Stake Reward Changes

• Variable Stake Rate (1% - 500%), calculated at time of stake and determined by individual input coin age
• Having coin age below the minimum threshold will now reward -0.1% of current block number worth of CUBE
• Blocks that currently reward 1 CUBE will subtract 0.1% of current block number CUBE from your balance post-fork
• These coins will be burned from moneysupply, not paid to any miners or stakers. They will be completely destroyed
• The penalty for staking too few coins, or too low of coin age, will scale long-term and increase as block number increases
• As always, DigiCube will retain the No-Fee model, instead relying on under-minimum coin age blocks to burn coins long-term

TL;DR - Make sure you are above the new staking minimum coin age threshold or else you are going to be really pissed off at the coin
I will leave discussion on this topic open for one week before I start getting new wallets ready. Get your input in soon if you want it heard

I like this concept, it will force small holders to dump their coins into the hands of REAL INVESTORS.Things would look different if DIGICUBE has a market cap exceeding $1,000,000., so that 1 CUBE = a few pennies/cents. At this price, penalties will appear annoying and frustrating.

Also, at higher market cap, the POS rewards will become more meaningful, even if POS = 1%

The goal is to encourage small holders to increase their hand, rather than dump them

Trouble is if the target they have to reach is too far away they loose sight of it, throw everything and go. But that isn't the reason I don't think I like that new fork plan. If I got things and quick calculations right this would mean that the count of rewarded blocks would currently be around 54 at maximum a day and I doubt many people would support the chain with enough extra blocks if they have to pay, currently 785 cubes per block. This doesn't sound like that good an idea to me, but I might've gotten something wrong here.

If not, perhaps do it:
101-500% with coinage > 2*block number
11-50% at (current) coinage > 0.2*block number
1-5% at coinage > 0.02*block number
pay if below

and/or make it a lottery. Like 10% chance of money back (twice the fee back would be possible as well), 1% chance for 10*fee, 0.1% chance for 150*fee and finally 0.01% chance of 4000*fee. These payouts would average to 75% (85% with 2*fee on the lowest level) of the fees collected, the remaining 25% still get burned. That reduction of burnt coins wouldn't be too bad since, again if I got things right, at current block time the fees at full chain speed would burn about twice the maximum amount of coins possible to be staked with reward. So if it encourages people to play staking lottery the amount of coins might still even be reduced each day, although maybe it should be ensured the lottery only applies for blocks that people paid for, especially in combination with the other suggestion above.

[iGotSpots]

Details on the upcoming fork
Planning for Block 800k, but block number may change

Stake Threshold Changes

• Minimum Coin Age Threshold has been increased by a factor of 10
• Formula for the maximum possible block reward remains unchanged

Stake Reward Changes

• Variable Stake Rate (1% - 500%), calculated at time of stake and determined by individual input coin age
• Having coin age below the minimum threshold will now reward -0.1% of current block number worth of CUBE
• Blocks that currently reward 1 CUBE will subtract 0.1% of current block number CUBE from your balance post-fork
• These coins will be burned from moneysupply, not paid to any miners or stakers. They will be completely destroyed
• The penalty for staking too few coins, or too low of coin age, will scale long-term and increase as block number increases
• As always, DigiCube will retain the No-Fee model, instead relying on under-minimum coin age blocks to burn coins long-term

TL;DR - Make sure you are above the new staking minimum coin age threshold or else you are going to be really pissed off at the coin
I will leave discussion on this topic open for one week before I start getting new wallets ready. Get your input in soon if you want it heard

I like this concept, it will force small holders to dump their coins into the hands of REAL INVESTORS.Things would look different if DIGICUBE has a market cap exceeding $1,000,000., so that 1 CUBE = a few pennies/cents. At this price, penalties will appear annoying and frustrating.

Also, at higher market cap, the POS rewards will become more meaningful, even if POS = 1%

The goal is to encourage small holders to increase their hand, rather than dump them

Trouble is if the target they have to reach is too far away they loose sight of it, throw everything and go. But that isn't the reason I don't think I like that new fork plan. If I got things and quick calculations right this would mean that the count of rewarded blocks would currently be around 54 at maximum a day and I doubt many people would support the chain with enough extra blocks if they have to pay, currently 785 cubes per block. This doesn't sound like that good an idea to me, but I might've gotten something wrong here.

If not, perhaps do it:
101-500% with coinage > 2*block number
11-50% at (current) coinage > 0.2*block number
1-5% at coinage > 0.02*block number
pay if below

and/or make it a lottery. Like 10% chance of money back (twice the fee back would be possible as well), 1% chance for 10*fee, 0.1% chance for 150*fee and finally 0.01% chance of 4000*fee. These payouts would average to 75% (85% with 2*fee on the lowest level) of the fees collected, the remaining 25% still get burned. That reduction of burnt coins wouldn't be too bad since, again if I got things right, at current block time the fees at full chain speed would burn about twice the maximum amount of coins possible to be staked with reward. So if it encourages people to play staking lottery the amount of coins might still even be reduced each day, although maybe it should be ensured the lottery only applies for blocks that people paid for, especially in combination with the other suggestion above.

Not even close at all

[Tortoise75]

Not even close at all

OK, then sorry for any inconvenience and I try to get it tomorrow after getting some sleep. 

[iGotSpots]

Not even close at all

OK, then sorry for any inconvenience and I try to get it tomorrow after getting some sleep.  

The only time you will have a penalty is if you are below the cutoff. At no other point will you have any chance of a negative stake

EDIT: Actually re-reading, you're closer than I thought at first read, so maybe you do have it right

[Tortoise75]

Not even close at all

OK, then sorry for any inconvenience and I try to get it tomorrow after getting some sleep.  

The only time you will have a penalty is if you are below the cutoff. At no other point will you have any chance of a negative stake

EDIT: Actually re-reading, you're closer than I thought at first read, so maybe you do have it right

Did some re-reading as well and I think too I'm not too far off as well but fall short on actually explaining what I meant to say or was thinking. English isn't my first language and I am quite tired indeed which isn't helping at all. Especially with my tendency to word things complicated while thinking ahead of my typing at the same time. 

[Nobitcoin]

Can't you make another CUBE clone with the same specs and do a coin swap for the amount of CUBE divided by 10000 ?

[GREEDYJOHN]

Can't you make another CUBE clone with the same specs and do a coin swap for the amount of CUBE divided by 10000 ?

This is a good idea - send a PM to the DEV.

I would assume that this would be a time consuming task for the DEV, probably the DEV might decide to fork this coin to updated specifications.

[iGotSpots]

Can't you make another CUBE clone with the same specs and do a coin swap for the amount of CUBE divided by 10000 ?

This is a good idea - send a PM to the DEV.

I would assume that this would be a time consuming task for the DEV, probably the DEV might decide to fork this coin to updated specifications.

You don't have to PM me every post, I follow the threads..

[GREEDYJOHN]

Can't you make another CUBE clone with the same specs and do a coin swap for the amount of CUBE divided by 10000 ?

This is a good idea - send a PM to the DEV.

I would assume that this would be a time consuming task for the DEV, probably the DEV might decide to fork this coin to updated specifications.

You don't have to PM me every post, I follow the threads..

Then you are better than many other DEVs that do not listen    

[Nobitcoin]

The reason why I want CUBE to be exchanged to another CUBE clone is that the reason behind this coin was the 5.47% interest a day and now its turning into a lotto coin which has more like the COINZ update to SPOTS. CUBE was about the daily stake and that's the reason I bought CUBE so please try and keep it to the reason why I got into this coin in the first place and CUBEZero is a cool name ?

[iGotSpots]

The reason why I want CUBE to be exchanged to another CUBE clone is that the reason behind this coin was the 5.47% interest a day and now its turning into a lotto coin which has more like the COINZ update to SPOTS. CUBE was about the daily stake and that's the reason I bought CUBE so please try and keep it to the reason why I got into this coin in the first place and CUBEZero is a cool name ?

Then in a few months, you'll be in the same place you are now wanting me to do the same thing again

[GREEDYJOHN]

The reason why I want CUBE to be exchanged to another CUBE clone is that the reason behind this coin was the 5.47% interest a day and now its turning into a lotto coin which has more like the COINZ update to SPOTS. CUBE was about the daily stake and that's the reason I bought CUBE so please try and keep it to the reason why I got into this coin in the first place and CUBEZero is a cool name ?

Then in a few months, you'll be in the same place you are now wanting me to do the same thing again

This coin has all the features of a profitable coin - what we need now is more exposure. I think that we need a technical document - "WHITEPAPER" that explains to the general public how to use the wallet and how to stake profitably.

[Nobitcoin]

The reason why I want CUBE to be exchanged to another CUBE clone is that the reason behind this coin was the 5.47% interest a day and now its turning into a lotto coin which has more like the COINZ update to SPOTS. CUBE was about the daily stake and that's the reason I bought CUBE so please try and keep it to the reason why I got into this coin in the first place and CUBEZero is a cool name ?

Then in a few months, you'll be in the same place you are now wanting me to do the same thing again

How about a minimum stake of 150 CUBEZero to acquire the 5.47% ? So therefore 100000000 CUBE becomes 10000 CUBEZero.

[twicezeroiszero]

The reason why I want CUBE to be exchanged to another CUBE clone is that the reason behind this coin was the 5.47% interest a day and now its turning into a lotto coin which has more like the COINZ update to SPOTS. CUBE was about the daily stake and that's the reason I bought CUBE so please try and keep it to the reason why I got into this coin in the first place and CUBEZero is a cool name ?

Then in a few months, you'll be in the same place you are now wanting me to do the same thing again

How about a minimum stake of 150 CUBEZero to acquire the 5.47% ? So therefore 100000000 CUBE becomes 10000 CUBEZero.

Sounds good to me lets go prehistoric 

[GREEDYJOHN]

The reason why I want CUBE to be exchanged to another CUBE clone is that the reason behind this coin was the 5.47% interest a day and now its turning into a lotto coin which has more like the COINZ update to SPOTS. CUBE was about the daily stake and that's the reason I bought CUBE so please try and keep it to the reason why I got into this coin in the first place and CUBEZero is a cool name ?

Then in a few months, you'll be in the same place you are now wanting me to do the same thing again

How about a minimum stake of 150 CUBEZero to acquire the 5.47% ? So therefore 100000000 CUBE becomes 10000 CUBEZero.

Sounds good to me lets go prehistoric 

Whatever happens, IGOTSPOTS will always have the final say.

[iGotSpots]

Just so you guys know.. we are going to be setting up a new multipool that will combine hash (for more blocks for all users) of all payout coins, and will allow you to choose which coin you want to be paid in: CUBE, PRIME, and SPOTS will be available payout options

[roadhog]

Hi all / spots

WE are on Cryptopia.

[Nobitcoin]

Hi all / spots

WE are on Cryptopia.

Yes finally time for CUBE to pump ?

[GREEDYJOHN]

Hi all / spots

WE are on Cryptopia.

Yes finally time for CUBE to pump ?

This coin needs WHITEPAPER, so that everybody knows how to use and stake the coin. Awareness will create pressure on all members to stake, so everybody will be competing to earn biggest stake. This will enhance trade and price.