[ANN] Ħ [HODL] No Staking, 1% Standard Interest per Day, 750% APR For HOdlers

[peres]

Yep we have created a monster here. we let it happen one time now were forks and knives from here on out.  Fish

That's just it, who let it happen when you say "we"?  A select group of the community (those who have hodled, primarily early adopters who stashed away loads of nuts or those who had enough to hodl shortly before the vote) were allowed to vote on topics to "control" the future of the coin.  Then once we got to a much, much less than majority of "votes" we implement a change that was basically just waiting to be implemented.  The nutocracy is used as a cover to portray it as being chosen by the community.

While I am all for being unique and trying different methods to set this coin apart from others.  To me, this seems completely unstable, irresponsible, and detrimental to the future of HODL.

The actual voting is still done by the miners, not the hodlers. Nutocracy is just a way for the community have a  say in the development of HOdlcoin, if you are against a certain motion you can vote against it on nutocracy if the rest of the community is for that motion it will be developed. After it has been developed it's up to the miners to choose if they vote for it. That way hodlers and miner both get a vote.

I am new to this but I bought lots of HODL and put them in 12 month fixed. I do not know how it was decided not to pay miners (this was really daft - miners scratch and scrape for pennies most of the time - most of them unemployed) All the comments I saw on this forum were against it (not paying block rewards for 12 months - how daft!). ----- OK so how much money is needed for network fees and promotion etc? Maybe all Hodl's could pay a few dollars a month to sustain the project? How about a website where HODL's could sign up and pay monthly fee? How about letting miners earn block rewards as they mine (is this asking too much?) An expert marketer needs to come onboard - there needs to be an incentive motivation for people to want to own HODL coins. How about an online website that sells digital products but only accepts HODL coins? I think everyone needs to be thinking about how to bring HODL to the mainstream man on the street --- anyway just rambling

[fittsy]

As far as nutocracy voting. Did that even work for anyone?

I tried to vote against changing HOdl to be mineable by GPU.  Conveniently my signed transaction wouldn't work with nutocracy. It's entirely possible I was doing something wrong but I tried to vote and it didn't work for me. I imagine I'm not the only one who had problems with this fabulous voting method.

I wish I had never mined a single HOdl

[FreeTrade]

We have a problem, HOdlcoin is running out of resources.

By that, I mean the amount of time, money, development and network services that people are willing to volunteer and donate to the HOdlcoin project. While users have been very generous so far, there is a limit that is reached and I think we are up against it. This curtails future development, promotion and network growth.

I want to start a discussion on a proposal to address this. I want to allow two weeks for discussion before formulating a Nutocracy motion. I expect this to be controversial and for robust argument to take place, and modifications to be made, but hopefully, by the end of it, we'll have found a motion that has wide support among HOdlers.

So without further ado, here it is.

Proposal: Create a budget to be used for promotion, development, network services.
How: Hard fork required to mine additional 50HODL (unhodled) to budget address if block number is divisible by 20.
Who: I will volunteer to administer fund. To avoid conflict of interest, I won't pay myself for any work, my contributions will continue to be voluntary.
Limits: Fund administrator to have discretionary spending, but should accept direction from Nutocracy motions to spend/not spend.

I'm hoping this will put HOdlcoin on a firm footing to pay for network services (nodes, block explorers, faucets etc), promotion (advertising, articles, twitter campaigns), development. It should also give HOdlers more power as they can vote for things that require a budget.

my first reaction ..
if that's going to fly as a principle idea
1- drop the /20 ... no need to complicate trace-ability and create more questions than answers on who got what 
2- the additional PoWT (Proof of Work Tax)  should be significantly smaller than the SPoW (Standard PoW) and easy to spot within transactions lists i.e 6.9, 12.5
3- out of Nutocracy ... it also must be force-Hodled for a proportional time to SPoW (50@1Y Hodle, 6.9@1.7Month Hodle)
  which should be simple to decide on as resources should be planned in advance.. inclusive of some "contingency"

While a it... same hard-fork can be used to drop the SPoW Hodle all together or shrink it while maintaining the PoWT with fractional proportions above 

My 2.5 Cents
Cheers

1+2. This is technical point - 1 in 20 would create less blockchain bloat, or every block would be easier to understand - it would be 2.5 in each block
3. HOdling those funds might seem fairer, but the point of the budget is to spend it on things that are needed now

Yes, if we were going with another hard fork, it would be best to get in any other changes needed at the same time. What problem do you thinking getting rid of the PoW HOdl would solve? I think that would just bring the strip miners back.

[FreeTrade]

The slow trickle on the release of information regarding the future of this coin is comical.

The majority (5%ish) voted on the force hodling of mined blocks so this will be done.  BAM... implemented
A couple weeks later... Development is running out of funds and needs to have exclusive access to non-force Hodled coins
Two weeks from now... Here's a motion to vote on
Two weeks and one day... Motion reaches arbitrary majority and new fork block is set.
Shortly after... "complete and credible" code is implemented and development team receives unHodled funds.

Does anyone else think that maybe there would have been A LOT more resistance to the idea of force hodling mined blocks if the community also would have been informed of the dire situation in regards to the development team's funding status?

Well there was a legitimate concern that not enough time was given to discussion and voting last time. I think 2 weeks is enough, but if there are still new points being raised in 2 week and discussion is still moving forward, I don't see a need to rush a vote.

[FreeTrade]

The actual voting is still done by the miners, not the hodlers. Nutocracy is just a way for the community have a  say in the development of HOdlcoin, if you are against a certain motion you can vote against it on nutocracy if the rest of the community is for that motion it will be developed. After it has been developed it's up to the miners to choose if they vote for it. That way hodlers and miner both get a vote.

That's a really good point. Thanks BigBoom.

[FreeTrade]

Maybe all Hodl's could pay a few dollars a month to sustain the project? How about a website where HODL's could sign up and pay monthly fee?

An expert marketer needs to come onboard - there needs to be an incentive motivation for people to want to own HODL coins. How about an online website that sells digital products but only accepts HODL coins? I think everyone needs to be thinking about how to bring HODL to the mainstream man on the street --- anyway just rambling

Those are good ideas, but how are you going to get those things done with no budget?

[Fishmaster42]

Have you said how much money you think we need? What kind of cash we talking about here few hundred a thousand what you trying to do with the cash you think we need other than network services.  Fish

[DenisZabar]

I just read last couple pages back and didnt get whole point of hard fork. Yesterday i started to solo mine. Now i look in my wallet and i can see that i mined 4 blocks but they are locked on period of 365 days and after that i will have 3300 hodl. So i cant to do anything with my coins for ONE year? WTF ? This is a god joke coin. If i want to deposit to mature i will do that but not by force of dev. If i want to dump or wait for price to get up and then dump i cant do that. So i believe that when coins mature after ONE year people will do massive dump if this coin survive ONE year.

Regards

[TTXK]

Great. Price reduced purchases on the C-CEX to 324 Satoshi.i. Hardfork managed!!

[BigBoom3599]

I just read last couple pages back and didnt get whole point of hard fork. Yesterday i started to solo mine. Now i look in my wallet and i can see that i mined 4 blocks but they are locked on period of 365 days and after that i will have 3300 hodl. So i cant to do anything with my coins for ONE year? WTF ? This is a god joke coin. If i want to deposit to mature i will do that but not by force of dev. If i want to dump or wait for price to get up and then dump i cant do that. So i believe that when coins mature after ONE year people will do massive dump if this coin survive ONE year.

Regards

Thats the way it is now, you had a way to vote on it and the majority voted for it. If you don't like it there are a thousand other coins out there which will give you immediate access to your block reward. HOdl is different, that's why I like it, if you don't, you can leave and go to another coin.

[Byte16]

I just read last couple pages back and didnt get whole point of hard fork. Yesterday i started to solo mine. Now i look in my wallet and i can see that i mined 4 blocks but they are locked on period of 365 days and after that i will have 3300 hodl. So i cant to do anything with my coins for ONE year? WTF ? This is a god joke coin. If i want to deposit to mature i will do that but not by force of dev. If i want to dump or wait for price to get up and then dump i cant do that. So i believe that when coins mature after ONE year people will do massive dump if this coin survive ONE year.

Regards

Thats the way it is now, you had a way to vote on it and the majority voted for it. If you don't like it there are a thousand other coins out there which will give you immediate access to your block reward. HOdl is different, that's why I like it, if you don't, you can leave and go to another coin.

5 top HODLers = threshold. This is not majority of users.

[FreeTrade]

Pallas has provided a patch to the wallet miner that should give 10% to 20% improvements in hashrate.

https://github.com/HOdlcoin/HOdlcoin/pull/69

I think some users preferred to use pool and third party miners partially to get better performance - this should go some way to bridging the difference.

Please try it out if you're compiling your own miner and report on the improvement you're seeing. I'd like to get it merged asap.

Thanks Pallas!

[FreeTrade]

Pallas has provided a patch to the wallet miner that should give 10% to 20% improvements in hashrate.

https://github.com/HOdlcoin/HOdlcoin/pull/69

I think some users preferred to use pool and third party miners partially to get better performance - this should go some way to bridging the difference.

Please try it out if you're compiling your own miner and report on the improvement you're seeing. I'd like to get it merged asap.

Thanks Pallas!

Hmm, the branch might be more useful for testing than the pull req - here it is -

https://github.com/pallas1/HOdlcoin

[optiminer]

The proposal to fork again to fund development from generated HOdl funds is ridiculous:
1 hodl is currently around 0.5cents, with a total market cap of 66k$. At 2.5 hodl per block and 600 blocks/day this means a full blasting 3$/day for funding. What do you want to fund with 3$/day? And then, as you say these funds cannot be HOdled for 1 year as the mined blocks, this means you want to dump them immediately. This will put even more pressure on the HOdl price. Wasn't that exactly what the miner hard fork was supposed to prevent?

What HOdl needs instead is people that believe in the coin and do volunteering work. Everybody that has a stash in hodl should be more than incentivized to help. If funding is needed, it should come from donations if from anywhere. I will look into setting up a new mining pool. The idea would be that miners get paid out once they have accumulated >50 HOdl. The next block would always be mined to the miner with the highest balance (assuming it is >50). Like this, the HOdl can be transferred to the miners even though they will be locked for 1 year.

[niksdt101]

Pallas has provided a patch to the wallet miner that should give 10% to 20% improvements in hashrate.

https://github.com/HOdlcoin/HOdlcoin/pull/69

I think some users preferred to use pool and third party miners partially to get better performance - this should go some way to bridging the difference.

Please try it out if you're compiling your own miner and report on the improvement you're seeing. I'd like to get it merged asap.

Thanks Pallas!

can some one here build it and provide for us all .. it would be of great help for all...i would definitely provide the feedback

[FreeTrade]

The proposal to fork again to fund development from generated HOdl funds is ridiculous:
1 hodl is currently around 0.5cents, with a total market cap of 66k$. At 2.5 hodl per block and 600 blocks/day this means a full blasting 3$/day for funding. What do you want to fund with 3$/day? And then, as you say these funds cannot be HOdled for 1 year as the mined blocks, this means you want to dump them immediately. This will put even more pressure on the HOdl price. Wasn't that exactly what the miner hard fork was supposed to prevent?

Hey, you make a good point, thank you. The fork discussion seems to have negatively affected the price of HODL and it's unlikely to provide much funding as you note, so I'm going to retract this proposal for now.

Thanks for offering support with a pool - but actually what we found with pools was it led to dumping, so while it may be difficult to avoid pools, I don't think it's a good idea to encourage them. Anyone who has a 50 hash/sec setup up can get a block a day - so really no sense in pooling at the moment.

[Fishmaster42]

Have you said how much money you think we need? What kind of cash we talking about here few hundred a thousand what you trying to do with the cash you think we need other than network services.  Fish

No one has said what your trying to do how much you need. just this idea of a slush fund with you in control. I dont think that is a good idea. You should come up with a budget present it to the community. Ask first. the answer to everything is not a fork.  BTW how you going to sell hodl for BTC as its falling to earth. there is no buy support anyway. that means there is no money. you couldnt get 1 btc if you pushed it to zero. By the time you fork again it will be over. Fish

[Fishmaster42]

The proposal to fork again to fund development from generated HOdl funds is ridiculous:
1 hodl is currently around 0.5cents, with a total market cap of 66k$. At 2.5 hodl per block and 600 blocks/day this means a full blasting 3$/day for funding. What do you want to fund with 3$/day? And then, as you say these funds cannot be HOdled for 1 year as the mined blocks, this means you want to dump them immediately. This will put even more pressure on the HOdl price. Wasn't that exactly what the miner hard fork was supposed to prevent?

Hey, you make a good point, thank you. The fork discussion seems to have negatively affected the price of HODL and it's unlikely to provide much funding as you note, so I'm going to retract this proposal for now.

Thanks for offering support with a pool - but actually what we found with pools was it led to dumping, so while it may be difficult to avoid pools, I don't think it's a good idea to encourage them. Anyone who has a 50 hash/sec setup up can get a block a day - so really no sense in pooling at the moment.

yep good idea, im with you Freetrade, stop all this silly fork talk. I want you to ask when you need something btc money wise, I want you free to innovate and develop. come to us for the rest. at least ask.    Fish

[Wesiematic]

And what about a list of desired developments, which can be supported through donations by the community (or made by communty members)?

[Byte16]

Looking at Ethereum... Imagine HODL and HODL Classic both tradeable