[VAL] Validity - Decentralized Identities, Custom Assets, Elections, and More!

[dumple]

The proposed change sounds like progress to me. I like it.

[1713988397]

1713988397

[1713988397]

1713988397

[idolacchacked]

The proposed change sounds like progress to me. I like it.

definitely is progress and it clears up lot of confusion from radium / radon

always good to see rads team trying to make it easy for everyone to use even the new people to crypto

 

[jasemoney]

looks good.
does having 1440 transactions with extra data (for the payours after a high fee tx) save much in terms of bloat?

[JJ12880]

looks good.
does having 1440 transactions with extra data (for the payours after a high fee tx) save much in terms of bloat?

The fees are being distributed in the actual block reward, so we are eliminating the need for separate transactions. It totally eliminates the need for extra transactions, which are required in the current system. It will be a change to the actual block reward code in the wallet.

JJ

[Cryptoadvice_82]

I like the proposed change...and thanks to the devs for all of their work on this project!!

[Cryptoadvice_82]

 www.verify.software really looks good!!

[tm2013]

I am pleased to announce that

SmartChain Verify is here!  

[mybitcoin101]

I am pleased to announce that

SmartChain Verify is here!  

Great work! The future looks great for radium.

Question...After the 3 million radium are minted, will there be enough use on the blockchain to be worth staking?

[bluedude]

I am pleased to announce that

SmartChain Verify is here!  

Nice work dev! Keep them coming.

[tm2013]

I am pleased to announce that

SmartChain Verify is here!  

Great work! The future looks great for radium.

Question...After the 3 million radium are minted, will there be enough use on the blockchain to be worth staking?

We are currently working to address the question of usage. The protocol change proposal found here attempts to address this by spreading fees out over 1440 blocks. By spreading the fees out, the impact of the SmartChain is greater for all stakers, rather than a lucky few. After the SmartChain 3.0 user interface and protocol are completed, we will be focusing heavily on marketing and improving adoption. Ideally, improved adoption will lead to increased SmartChain activity, and therefore higher rewards for all stakers.

[golfhuso]

Price still dipping. People buy rumor sell the news?

[ashapasa]

Following this coin, how is this coin different from factom?

[dumple]

Price still dipping. People buy rumor sell the news?

It's not really dipping, if you take a look at volume and the order books. The volume is so low that price isn't really moving, but people aren't selling either. As soon as even a small amount of demand comes in, price will likely shoot up because the order book is so thin on the sell side (only 68 btc). We are just in a stagnant period.

That said, I can't predict price movements. This is just how I see it. Price could rocket. Price could tank. Who knows.

[Dev_Sempak_coin]

anyone can help me ?
how to stake rads..? where the download link for windows version? must use core version or client ?  and any minimum amount to get DPOS?

[kampretkabur]

anyone can help me ?
how to stake rads..? where the download link for windows version? must use core version or client ?  and any minimum amount to get DPOS?

i think its all on OP, dont know if its the latest version or not

[twostepsally]

Im all for removing the decay. As far as splitting the transaction fees...the way I read it I vote no. Its not a fair system to reward somebody with 100 rads the same amount as a person that holds 20,000. If thats the case, ill move my 19,900 rads out and open up multiple 100 rad wallets from different ip addresses then sell the rest of my rads and invest in another staking coin. Basically I would be double dipping multiple times, plus have a different staking coin for free and bang out the income while that other 20,000 coin staker omly gets a split of the 1440. Keep in mind that pos will be coming to an end and the transaction fee is the only return. I tried to write a possible flaw in your idea.

Any chance of adding more radium to the project?

I am pleased to announce that

SmartChain Verify is here!  

Great work! The future looks great for radium.

Question...After the 3 million radium are minted, will there be enough use on the blockchain to be worth staking?

We are currently working to address the question of usage. The protocol change proposal found here attempts to address this by spreading fees out over 1440 blocks. By spreading the fees out, the impact of the SmartChain is greater for all stakers, rather than a lucky few. After the SmartChain 3.0 user interface and protocol are completed, we will be focusing heavily on marketing and improving adoption. Ideally, improved adoption will lead to increased SmartChain activity, and therefore higher rewards for all stakers.

[twostepsally]

Im all for removing the decay. As far as splitting the transaction fees...the way I read it I vote no. Its not a fair system to reward somebody with 100 rads the same amount as a person that holds 20,000. If thats the case, ill move my 19,900 rads out and open up multiple 100 rad wallets from different ip addresses then sell the rest of my rads and invest in another staking coin. Basically I would be double dipping multiple times, plus have a different staking coin for free and bang out the income while that other 20,000 coin staker omly gets a split of the 1440. Keep in mind that pos will be coming to an end and the transaction fee is the only return. I tried to write a possible flaw in your idea.

Any chance of adding more radium to the project?

I am pleased to announce that

SmartChain Verify is here!  

Great work! The future looks great for radium.

Question...After the 3 million radium are minted, will there be enough use on the blockchain to be worth staking?

We are currently working to address the question of usage. The protocol change proposal found here attempts to address this by spreading fees out over 1440 blocks. By spreading the fees out, the impact of the SmartChain is greater for all stakers, rather than a lucky few. After the SmartChain 3.0 user interface and protocol are completed, we will be focusing heavily on marketing and improving adoption. Ideally, improved adoption will lead to increased SmartChain activity, and therefore higher rewards for all stakers.

Im all for removing the decay. As far as splitting the transaction fees...the way I read it I vote no. Its not a fair system to reward somebody with 100 rads the same amount as a person that holds 20,000. If thats the case, ill move my 19,900 rads out and open up multiple 100 rad wallets from different ip addresses then sell the rest of my rads and invest in another staking coin. Basically I would be double dipping multiple times, plus have a different staking coin for free and bang out the income while that other 20,000 coin staker omly gets a split of the 1440. Keep in mind that pos will be coming to an end and the transaction fee is the only return. I tried to write a possible flaw in your idea.

Any chance of adding more radium to the project? 

[JJ12880]

Im all for removing the decay. As far as splitting the transaction fees...the way I read it I vote no. Its not a fair system to reward somebody with 100 rads the same amount as a person that holds 20,000. If thats the case, ill move my 19,900 rads out and open up multiple 100 rad wallets from different ip addresses then sell the rest of my rads and invest in another staking coin. Basically I would be double dipping multiple times, plus have a different staking coin for free and bang out the income while that other 20,000 coin staker omly gets a split of the 1440. Keep in mind that pos will be coming to an end and the transaction fee is the only return. I tried to write a possible flaw in your idea.

Any chance of adding more radium to the project? 

Hi! and thank you for your feedback.

Because the additional rewards are added to the block reward, a person with more rads will get a larger % of the total rewards, just like they currently get a larger % of the blocks when they stake.  In order to get a bonus, the person must first stake a block with a bonus in it. Larger wallets will stake more blocks, so the distribution of bonus funds should be proportional to the amount of RADS a person is staking.

I am not sure what you mean by adding more radium to the project, can you elaborate some more?


JJ

[tm2013]

anyone can help me ?
how to stake rads..? where the download link for windows version? must use core version or client ?  and any minimum amount to get DPOS?

The Windows wallet is located on the OP, but here is a direct link: https://github.com/ProjectRadium/Radium/releases/download/v1.4.2.1/Radium-qt-1.4.2.1.exe
There is no minimum balance required, however the more coins you are staking, the higher your odds are of staking a block. RADS is PoS V3, not DPOS.

[twostepsally]

Im all for removing the decay. As far as splitting the transaction fees...the way I read it I vote no. Its not a fair system to reward somebody with 100 rads the same amount as a person that holds 20,000. If thats the case, ill move my 19,900 rads out and open up multiple 100 rad wallets from different ip addresses then sell the rest of my rads and invest in another staking coin. Basically I would be double dipping multiple times, plus have a different staking coin for free and bang out the income while that other 20,000 coin staker omly gets a split of the 1440. Keep in mind that pos will be coming to an end and the transaction fee is the only return. I tried to write a possible flaw in your idea.

Any chance of adding more radium to the project? 

Hi! and thank you for your feedback.

Because the additional rewards are added to the block reward, a person with more rads will get a larger % of the total rewards, just like they currently get a larger % of the blocks when they stake.  In order to get a bonus, the person must first stake a block with a bonus in it. Larger wallets will stake more blocks, so the distribution of bonus funds should be proportional to the amount of RADS a person is staking.

I am not sure what you mean by adding more radium to the project, can you elaborate some more?


JJ

Sorry for the confusion.  My mind is in 50 different places at one time in cryptoland.

1. That's great to hear about the fee structure
2. I meant radium instead of Rads. 3 million radium is a low amount. If that number could be raised or have a continued yearly %stake growth, radium will solve and the pressure of "utility" will be lifted so that you can spend more mental energy on a utility plan and the execution of it. The stake holders will continue to stake, radium will continue to trade and new community members will be developed.
3. The cut off of radium at 3 million, in my opinion,  cause staking to decrease by a large number and possibly a sell off because the fees are not there yet. They will be but the timing is not ready for it.
3. Hard fork...yes! All your doing is improving an already great project, a user friendly wallet for staking and a growing community.  That should be the foundation right now and we can work on the utility of the radium blockchain.

Thoughts?