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

[tm2013]

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?

We will announce our plan to address inflation tomorrow in update #10.

[1714941610]

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[1714941610]

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[bluedude]

https://steemit.com/cryptocurrency/@dogguy/5-altcoins-with-the-best-chance-of-going-parabolic-original-content-or-investing-or-5-minute-read

I agree with RAD and MAID. Others I am not so sure

[JJ12880]

Good evening everyone,

     In this weeks update, we announce the release of Radium 1.4.3 and the upcoming hard fork on or around August 10th. The fork will adjust the yearly staking interest and implement the new Average Fee Rewards protocol. Users will be required to update to the latest Radium wallet, version 1.4.3.0 before block 619480. The new wallet and source are available on Github or through the SmartChain verify links at the end of this post. More details about each portion of the fork may be found below.


Rewards Adjustment

     We will be begin a gradual reduction of our current inflation rate of 18% to a final rate of 3.8% This change will take place over a 2 year period, as outlined below:

Time              Block        Reward          % per year
In 6 months    874360     0.75 RADS    12.6%
In 1 year        1133560   0.5 RADS       7.9%
In 1.5 years    1392760   0.25 RADS     3.8%


Average Fee Rewards

     In the previous post titled “Radium Protocol Change Proposal”, we discussed proposed protocol changes that would spread transaction fees evenly across a span of 1440 blocks rather than including the entire fee in the next subsequent block. These changes are necessary to eventually eliminate the Radon-Decay system which is currently being used by the SmartChain. The fork on block 619480 will implement these code changes, paving the way for SmartChain 3.0 which will eliminate the Radon-Decay system altogether. An in-depth explanation is available in the post mentioned above. We have been testing the new code extensively on the test network, and also performed a test fork on the main network. All testing has gone smoothly, so we are optimistic that there will be no issues. The first transaction with a non-zero fee past the hard fork block will trigger the hard fork. Out of an abundance of caution, we will ask the exchanges to temporarily halt deposits and withdraws during the fork even though no issues are anticipated.

Sincerely, the Radium Team.

SmartChain Verify Direct Links:
Radium 1.4.3 Wallet Windows
Radium 1.4.3 Wallet Mac

[kampretkabur]

Good evening everyone,

     In this weeks update, we announce the release of Radium 1.4.3 and the upcoming hard fork on or around August 10th. The fork will adjust the yearly staking interest and implement the new Average Fee Rewards protocol. Users will be required to update to the latest Radium wallet, version 1.4.3.0 before block 619480. The new wallet and source are available on Github or through the SmartChain verify links at the end of this post. More details about each portion of the fork may be found below.


Rewards Adjustment

     We will be begin a gradual reduction of our current inflation rate of 18% to a final rate of 3.8% This change will take place over a 2 year period, as outlined below:

Time              Block        Reward          % per year
In 6 months    874360     0.75 RADS    12.6%
In 1 year        1133560   0.5 RADS       7.9%
In 1.5 years    1392760   0.25 RADS     3.8%


Average Fee Rewards

     In the previous post titled “Radium Protocol Change Proposal”, we discussed proposed protocol changes that would spread transaction fees evenly across a span of 1440 blocks rather than including the entire fee in the next subsequent block. These changes are necessary to eventually eliminate the Radon-Decay system which is currently being used by the SmartChain. The fork on block 619480 will implement these code changes, paving the way for SmartChain 3.0 which will eliminate the Radon-Decay system altogether. An in-depth explanation is available in the post mentioned above. We have been testing the new code extensively on the test network, and also performed a test fork on the main network. All testing has gone smoothly, so we are optimistic that there will be no issues. The first transaction with a non-zero fee past the hard fork block will trigger the hard fork. Out of an abundance of caution, we will ask the exchanges to temporarily halt deposits and withdraws during the fork even though no issues are anticipated.

Sincerely, the Radium Team.

SmartChain Verify Direct Links:
Radium 1.4.3 Wallet Windows
Radium 1.4.3 Wallet Mac

is it mandatory? anyway how do i use the bootstrap.dat? have put it on the folder

[tm2013]

Good evening everyone,

     In this weeks update, we announce the release of Radium 1.4.3 and the upcoming hard fork on or around August 10th. The fork will adjust the yearly staking interest and implement the new Average Fee Rewards protocol. Users will be required to update to the latest Radium wallet, version 1.4.3.0 before block 619480. The new wallet and source are available on Github or through the SmartChain verify links at the end of this post. More details about each portion of the fork may be found below.


Rewards Adjustment

     We will be begin a gradual reduction of our current inflation rate of 18% to a final rate of 3.8% This change will take place over a 2 year period, as outlined below:

Time              Block        Reward          % per year
In 6 months    874360     0.75 RADS    12.6%
In 1 year        1133560   0.5 RADS       7.9%
In 1.5 years    1392760   0.25 RADS     3.8%


Average Fee Rewards

     In the previous post titled “Radium Protocol Change Proposal”, we discussed proposed protocol changes that would spread transaction fees evenly across a span of 1440 blocks rather than including the entire fee in the next subsequent block. These changes are necessary to eventually eliminate the Radon-Decay system which is currently being used by the SmartChain. The fork on block 619480 will implement these code changes, paving the way for SmartChain 3.0 which will eliminate the Radon-Decay system altogether. An in-depth explanation is available in the post mentioned above. We have been testing the new code extensively on the test network, and also performed a test fork on the main network. All testing has gone smoothly, so we are optimistic that there will be no issues. The first transaction with a non-zero fee past the hard fork block will trigger the hard fork. Out of an abundance of caution, we will ask the exchanges to temporarily halt deposits and withdraws during the fork even though no issues are anticipated.

Sincerely, the Radium Team.

SmartChain Verify Direct Links:
Radium 1.4.3 Wallet Windows
Radium 1.4.3 Wallet Mac

is it mandatory? anyway how do i use the bootstrap.dat? have put it on the folder

Yes, the update to Radium 1.4.3 is mandatory. You will not need to resync your wallet, simply download the new wallet and run it.

[DefendKebab]

Great work

[dulinxu]

how many team member in this project now?

[JJ12880]

how many team member in this project now?

We have two lead developers, myself and tm2013. We also have various other community members that provide assistance from time to time.

JJ

[JJ12880]

 Remember everyone,

THIS IS A MANDATORY UPDATE

We are up to 40% nodes on the latest wallet, according to chains. That means 60% of people still need to update!!!


https://github.com/ProjectRadium/Radium
JJ

[BanzaiBTC]

http://chain.blockpioneers.info/radium is going down for a complete resync and update.. It will be back up in ~24 hours or so..

Cheers,
Banzai

[JJ12880]

http://chain.blockpioneers.info/radium is going down for a complete resync and update.. It will be back up in ~24 hours or so..

Cheers,
Banzai

Great! sounds good.
Thanks!

[BanzaiBTC]

Explorer update finished.. Updated to latest core.. Thanks for the pm Tim ..

The statistics database is still syncing, but will be up to date shortly..

[candlesticks]

C-cex is staking customers PoS coins, and most likely dumping them on their exchange. When I questioned support about it, this was the response I got.

2016-07-19 14:35:42 C-CEX support
Usually we disable staking. But sometimes when wallet hangs or require resync our staff restart it and forget to disable it. If you don't want your coins staked - just keep them in your wallet.


http://imgur.com/a/EA1bK

Staking gets disabled in the .conf, so no need to disable it when wallet restarts. Funny how none of the other exchanges have this issue........


I got my first ban, after three years, for mentioning c-cex staking their coins. Perma-banned for saying they went to the dark side.

Not looking good, if you look at the what happened towards the end of Craptsy. Too many similarities, and too many scamcoins added each week, probably in house coins. No respectable exchange would list the crap they have lately. They have been listing coins with no block explorers........ Approach with caution!

If any of you have withdrawn from c-cex recently, check your transaction, and see if it came from a wallet that was staking.
I will be posting this in every PoS coin thread that is listed on c-cex.

Good luck with your coin.

[tm2013]

C-cex is staking customers PoS coins, and most likely dumping them on their exchange. When I questioned support about it, this was the response I got.

2016-07-19 14:35:42 C-CEX support
Usually we disable staking. But sometimes when wallet hangs or require resync our staff restart it and forget to disable it. If you don't want your coins staked - just keep them in your wallet.


http://imgur.com/a/EA1bK

Staking gets disabled in the .conf, so no need to disable it when wallet restarts. Funny how none of the other exchanges have this issue........


I got my first ban, after three years, for mentioning c-cex staking their coins. Perma-banned for saying they went to the dark side.

Not looking good, if you look at the what happened towards the end of Craptsy. Too many similarities, and too many scamcoins added each week, probably in house coins. No respectable exchange would list the crap they have lately. They have been listing coins with no block explorers........ Approach with caution!

If any of you have withdrawn from c-cex recently, check your transaction, and see if it came from a wallet that was staking.
I will be posting this in every PoS coin thread that is listed on c-cex.

Good luck with your coin.

Thank you for making us aware of this, we will look into it right away.

[Piston Honda]

ccex is run by russian or eastern euro scamming fucks that will do anything for BTC.  true story, ask anyone.

yobit is the same bullshit.

craptsy finally died.

bittrex and polo are ok but they let the usual manipulation happen ALL the time, so they aren't innocent.

1ex.trade will be new as of tomorrow so at least it'll be something refreshing.

[JJ12880]

In other news, here a GUI screenshot It still needs work and design, but I figured everyone would like to see progress as it is being made.




JJ12880

[ttx]

Do you know any information about the lost coin?

More than 400k $RADS may be lost https://chainz.cryptoid.info/rads/#!rich  (No activity for a year or more)

https://twitter.com/denaxider/status/760782010755473408

[tm2013]

Do you know any information about the lost coin?

More than 400k $RADS may be lost https://chainz.cryptoid.info/rads/#!rich  (No activity for a year or more)

https://twitter.com/denaxider/status/760782010755473408

Yes. To our knowledge, those coins were lost early in the project by an early adopter due to a hard drive failure. When you 'lose' coins, you only lose the private key; those coins are still valid. For that reason, we have not excluded them from the total in circulation. However, for all intensive purposes, those coins should be considered out of circulation.

[dev0tion]

In other news, here a GUI screenshot It still needs work and design, but I figured everyone would like to see progress as it is being made.

*GUI preview*


JJ12880

I've been watching the progress, way to go JJ! Keep it up.

[Arvydas77]

Great progress by developers. Keep watching on this project.