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Author Topic: [ANN] Ħ [HODL] 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.  (Read 436208 times)
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FreeTrade
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July 01, 2016, 06:02:36 PM
 #2621

And hey, let's be fair about this.  Why screw over just the new people mining by forcing them to lock in for a year?  Why don't we force everyone's HOdl lock timers back to a full year from now regardless of their current unlock date/block and make any un-HOdl'ed coins unspendable without first HOdling them for a year?  I mean hey, if it's such a good idea, why not take it to the logical conclusion?  We'll completely put this coin to sleep for a full year.  Sounds great right?

No-one is getting screwed over. The proposal is that terms of mining are changed to favor hodlers over dumpers. The point of the coin is to favor hodlers. It's going to be easier for hodlers to mine because they won't be competing against dumpers anymore.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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July 01, 2016, 06:06:44 PM
 #2622


Edit: The reason I'm bringing up tradeable TDs repeatedly is that they would increase market visibility and provide more tradng
opportunities for investors. That can only be good.

Edit2; I should also pint out that a TD exchange market wold be pure HOdl. One would pay in HOdl to buy a TD so it's all HOdl
to HOdl transactions.

If HOdlings were easy to trade, they wouldn't be HOdlings anymore. The HODLing bonus is awarded because they can't be moved for the time period the HOdler chooses. It constrains supply and should act to smooth the boom/bust speculative cycle.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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July 01, 2016, 06:55:52 PM
 #2623

Reminder: I'm recommending this motion to HODLers and I'd like to get it passed as soon as possible.

https://nutocracy.herokuapp.com/arguments/that-block-rewards-should-remain-unchanged-in-amount-but-required-to-be-hodled-for-a-period-of-1-year-https-www-reddit-com-r-hodl-comments-4qpx9g

More details at this reddit page -
https://www.reddit.com/r/Hodl/comments/4qpx9g

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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July 01, 2016, 07:06:50 PM
 #2624


Edit: The reason I'm bringing up tradeable TDs repeatedly is that they would increase market visibility and provide more tradng
opportunities for investors. That can only be good.

Edit2; I should also pint out that a TD exchange market wold be pure HOdl. One would pay in HOdl to buy a TD so it's all HOdl
to HOdl transactions.

If HOdlings were easy to trade, they wouldn't be HOdlings anymore. The HODLing bonus is awarded because they can't be moved for the time period the HOdler chooses. It constrains supply and should act to smooth the boom/bust speculative cycle.

Fair enough, it was just a suggestion to attract new investors.

cpuminer-opt developer, https://bitcointalk.org/index.php?topic=1326803.0
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July 01, 2016, 07:11:28 PM
 #2625


I don't agree with this motion. The short term supply is already constrained by the large proportion of locked up
funds. Also these locked up funds are not being properly factured into the market cap.

I am more concerned with a mid term over supply but still not in favour of drastic action to address it.

cpuminer-opt developer, https://bitcointalk.org/index.php?topic=1326803.0
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July 01, 2016, 07:22:40 PM
 #2626

OK there is all this talk of Hodlers and dumpers. I assume dumpers are those who mine and then sell as quickly as possible. I do not have a problem with this because I buy the coins - much easier than mining them.

I think that the coin needs to be promoted. I think very few people except those who have these coins understand that right now interest is around 2000% for fixed deposits. If more people were aware then more people would want the coin and the demand would go up and the price - a few banner ads in the right places would create awareness of the coin.

Anyway maybe something I have said has some value - I am a newbie so I do not understand the process of developing a strong and valued coin.


Also there are probably a lot of newbies like myself involved in this coin so a website with updates and explanations would help to keep things clear.
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July 02, 2016, 06:07:19 AM
 #2627

I like it.
This should move price up considerably since most TD are locked for year, supply will be very limited.
Bought 27K  Smiley

edit: let's not forget HOdl is on Chinese exchange, so anything can happen  Wink


„While buying one should be romantic, while selling realistic (and in the meantime he should sleep).“
– André Kostolany
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July 02, 2016, 10:45:41 AM
 #2628

I like it.
This should move price up considerably since most TD are locked for year, supply will be very limited.
Bought 27K  Smiley

edit: let's not forget HOdl is on Chinese exchange, so anything can happen  Wink


Good move so now in 12 months you will have about half a million - all the best
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July 02, 2016, 11:08:08 AM
 #2629

Okay - we're nearly there - 5 million required for threshold validity.

https://nutocracy.herokuapp.com/arguments/that-block-rewards-should-remain-unchanged-in-amount-but-required-to-be-hodled-for-a-period-of-1-year-https-www-reddit-com-r-hodl-comments-4qpx9g

I've been working on the code required today and am testing it at the moment. Should be able to put this into effect with some rapidity.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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July 02, 2016, 03:34:35 PM
 #2630

Okay - we're nearly there - 5 million required for threshold validity.

https://nutocracy.herokuapp.com/arguments/that-block-rewards-should-remain-unchanged-in-amount-but-required-to-be-hodled-for-a-period-of-1-year-https-www-reddit-com-r-hodl-comments-4qpx9g

I've been working on the code required today and am testing it at the moment. Should be able to put this into effect with some rapidity.

Look like you are going to push this either way , so does it really matter if we vote or not

why even have the vote ?  " the community wanted this ?  what is to say that you own all those addresses and Hodl
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July 02, 2016, 03:37:07 PM
 #2631

I personally think all this voting and changing  is going to drive ppl away .

to be honest, I am one  and I am sure there many other
Kostolany, Jr.
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July 02, 2016, 04:12:21 PM
 #2632

Then again, I think quite the opposite. This coin is been pushed down with miners who just flood the market. If we want price and market cap go up this flooding has to stop.
The 1 year lock does that plus it doesn't cup miners reward. They just need to hodl  Smiley

I personally think all this voting and changing  is going to drive ppl away .

to be honest, I am one  and I am sure there many other

„While buying one should be romantic, while selling realistic (and in the meantime he should sleep).“
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July 02, 2016, 04:15:27 PM
 #2633

Okay - we're nearly there - 5 million required for threshold validity.

https://nutocracy.herokuapp.com/arguments/that-block-rewards-should-remain-unchanged-in-amount-but-required-to-be-hodled-for-a-period-of-1-year-https-www-reddit-com-r-hodl-comments-4qpx9g

I've been working on the code required today and am testing it at the moment. Should be able to put this into effect with some rapidity.

Look like you are going to push this either way , so does it really matter if we vote or not

why even have the vote ?  " the community wanted this ?  what is to say that you own all those addresses and Hodl

No, that's why I'm rounding up votes - nearly there folks, just need 300,000 or so votes to reach the 10% threshold.

The point of Nutocracy is to return more power and control to HOdlers, and away from devs/miners. It is a way to give HOdlers a way to give permission or withold permission for changes to the coin. It's a bit loose at the moment, but I think we'll work out more formal procedures over time. I don't think we'd want to vote on every detail - but it is a way to give a legitimate mandate for larger changes, and a way for HOdlers to step up and prevent smaller changes they might not be happy with. And, of course, participation is optional.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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July 02, 2016, 05:01:51 PM
 #2634

This coin is been pushed down with miners who just flood the market.

Miners are evil, they just dump on the exchanges and push the price down which will
kill the coin. That pretty much sums up the entire argument, yet no analysis of the available
data to support these claims.

Two thirds of all mined coins are locked up and unavailable for trade, something that no other coin does,
yet HOdl supply is too large. HOdl pays a hyperinflationary interest rate, something that no other coin does,
yet a price drop threatens the survival of the coin.

I've been wasting my time here, the decision was a foregone conclusion.


cpuminer-opt developer, https://bitcointalk.org/index.php?topic=1326803.0
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July 02, 2016, 06:46:08 PM
 #2635

https://nutocracy.herokuapp.com/arguments/that-block-rewards-should-remain-unchanged-in-amount-but-required-to-be-hodled-for-a-period-of-1-year-https-www-reddit-com-r-hodl-comments-4qpx9g

OK. The HODL votes for this motion have now reached the threshold of more than 10% of outstanding HOdled coins and the HOdl's have more votes than the 'Do Not HOdl's'. This motion is therefore adopted. Thanks to everybody for voting. The motion remains open if people want to continue to express support or otherwise for it.

I've been working on code and testing it today in anticipation and will check in code for this very shortly.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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July 02, 2016, 07:03:14 PM
 #2636

Have you considered the implications and perhaps a strategy in the event mining is reduced practically to a halt?
Its a very real possibility as soon as people realize they ain't getting anything for a year.

The crypto world is too fast and instant gratification is what miners mostly want.

In any case if you do implement this, mining through pools will become quite troublesome but I hope at least some solo miners will remain.
Instead of 50 HODL every 154 seconds we will have thousands (can't be bothered for the exact number) every 154 seconds next year.
By then the price will be in single digit sat.

In the spirit of full disclosure, I voted yes because the cynic in me thinks it might help in the short term, but in the long term hyperinflation will kill the coin.
I don't plan to keep on mining and I will probably get out of HODL before it gets too ugly.

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July 02, 2016, 07:06:21 PM
 #2637

Fork At Block 86000

There is a fork at block 86000 in accordance with the Nutocracy motion -
https://nutocracy.herokuapp.com/arguments/that-block-rewards-should-remain-unchanged-in-amount-but-required-to-be-hodled-for-a-period-of-1-year-https-www-reddit-com-r-hodl-comments-4qpx9g

From block 86000, miners will be required to HODL the block reward for a period of 1 year to create a valid block.
In anticipation of a reduced hashrate, the diff will be set to a fixed lower rate for blocks 86000 to 86025 and from there will adjust to the new hashing power of the network.

The release is being finalized, from there, new binaries will be compiled and released.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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July 02, 2016, 07:08:32 PM
 #2638

Fork At Block 86000

There is a fork at block 86000 in accordance with the Nutocracy motion -
https://nutocracy.herokuapp.com/arguments/that-block-rewards-should-remain-unchanged-in-amount-but-required-to-be-hodled-for-a-period-of-1-year-https-www-reddit-com-r-hodl-comments-4qpx9g

From block 86000, miners will be required to HODL the block reward for a period of 1 year to create a valid block.
In anticipation of a reduced hashrate, the diff will be set to a fixed lower rate for blocks 86000 to 86025 and from there will adjust to the new hashing power of the network.

The release is being finalized, from there, new binaries will be compiled and released.

Hmm, I don't quite understand how this is possible ? Only pools cannot send the coins or even if I switch back to solo mining I cannot send the coins before one year goes by ?
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July 02, 2016, 07:10:58 PM
 #2639

Have you considered the implications and perhaps a strategy in the event mining is reduced practically to a halt?
Its a very real possibility as soon as people realize they ain't getting anything for a year.

Yes, I think that is almost a certainty. See above for strategy.


The crypto world is too fast and instant gratification is what miners mostly want.

In any case if you do implement this, mining through pools will become quite troublesome but I hope at least some solo miners will remain.
Instead of 50 HODL every 154 seconds we will have thousands (can't be bothered for the exact number) every 154 seconds next year.
By then the price will be in single digit sat.

Yes, I think we're trading network hash rate for more hodling - I think that's a good trade because our network hash rate is much higher than it needs to be for adequate security of our blockchain.
I agree, I think the pools are going to dry up - and we'll loose all those instant gratification miners. I think that's a good thing.

HODLCoin ANN - 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining.http://hodlcoin.com/
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July 02, 2016, 07:41:54 PM
 #2640

Have you considered the implications and perhaps a strategy in the event mining is reduced practically to a halt?
Its a very real possibility as soon as people realize they ain't getting anything for a year.

Yes, I think that is almost a certainty. See above for strategy.


The crypto world is too fast and instant gratification is what miners mostly want.

In any case if you do implement this, mining through pools will become quite troublesome but I hope at least some solo miners will remain.
Instead of 50 HODL every 154 seconds we will have thousands (can't be bothered for the exact number) every 154 seconds next year.
By then the price will be in single digit sat.

Yes, I think we're trading network hash rate for more hodling - I think that's a good trade because our network hash rate is much higher than it needs to be for adequate security of our blockchain.
I agree, I think the pools are going to dry up - and we'll loose all those instant gratification miners. I think that's a good thing.

http://hodlcoin.github.io (Simply plug 50 Ħ in here)
~912 Ħ at time of post.. And yes it will go into your immature balance.. This is almost like my faucet idea I had a while back where the faucet will out put X amount for random deposit lengths.. Say 6mo - 1yr.. Let's not forget this coin is to attract long term thinking ppl.. If miners can't get past the fact that they are not only securing the HOdl network.. But they will now be long term HOdlers of the coin.. Well then they may not be the best candidates to secure the HOdl network.. There are a lot of coins out there to mine..


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