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Author Topic: [ANN] More added to Wallet UPDATE PLEASE PosEx PEX Hybrid POW/POS [ANN]  (Read 74343 times)
PoSeX (OP)
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March 01, 2016, 12:20:31 AM
 #301

New Wallets on there way Very Soon chain has been fixed.

Removed Last Pow Block Limitation. So PosEx for the Moment will remain as a Pure POW/POS Hybrid with Rewards for POW staying at 0 untill block 10100 at which point the reward for POW will change into 0.1 untill block 12,000 Then it will go back to 0 and remain like that forever. We chose to do that to help compensate with all this Messing around you have endured.

We have also Looked into the Stake % Issue and all should be good there too now.

Current Information

version" : "v13.0.0-Beast",
"protocolversion" : 70002,
"walletversion" : 60000,
"balance" : 0.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 10025,
"timeoffset" : 0,
"moneysupply" : 1877.81704101,
"connections" : 0,
"proxy" : "",
"ip" : "0.0.0.0",
"difficulty" : {
"proof-of-work" : 0.06533143,
"proof-of-stake" : 0.00024414
},
"testnet" : false,
"keypoololdest" : 1456782935,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"mininput" : 0.00000000,
"errors" : ""
}

We will Message Yobit and tell them to update the src code too once Commited.

Thanks and Now we can start to move Along.


Nightz
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March 01, 2016, 12:39:35 AM
 #302

New Wallets on there way Very Soon chain has been fixed.

Removed Last Pow Block Limitation. So PosEx for the Moment will remain as a Pure POW/POS Hybrid with Rewards for POW staying at 0 untill block 10100 at which point the reward for POW will change into 0.1 untill block 12,000 Then it will go back to 0 and remain like that forever. We chose to do that to help compensate with all this Messing around you have endured.

We have also Looked into the Stake % Issue and all should be good there too now.

Current Information

version" : "v13.0.0-Beast",
"protocolversion" : 70002,
"walletversion" : 60000,
"balance" : 0.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 10025,
"timeoffset" : 0,
"moneysupply" : 1877.81704101,
"connections" : 0,
"proxy" : "",
"ip" : "0.0.0.0",
"difficulty" : {
"proof-of-work" : 0.06533143,
"proof-of-stake" : 0.00024414
},
"testnet" : false,
"keypoololdest" : 1456782935,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"mininput" : 0.00000000,
"errors" : ""
}

We will Message Yobit and tell them to update the src code too once Commited.

Thanks and Now we can start to move Along.



 Shocked Well I'll be darned this is good news now hopefully we never face this issue again and we can all happily stake our PEX when you Release the new wallets / Src Code. Took some time I will say but atleast you pulled your Finger out and done it  Grin Now hopefully it will get some interest again as I do like the Wallet and the Tabs in it Think they are awesome. Hopefully the price can recover too Cheesy
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March 01, 2016, 07:57:40 AM
 #303

Finaly some good news

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noobwhosuckatlife
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March 01, 2016, 05:22:24 PM
 #304

Will have some Updates ready for y'all by the weekend  Grin you  Cool with that ?
uh...nice! but what about wallet? is it not ready for distribution yet?)
sillypothead
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March 01, 2016, 05:23:45 PM
 #305

New Wallets on there way Very Soon chain has been fixed.

Removed Last Pow Block Limitation. So PosEx for the Moment will remain as a Pure POW/POS Hybrid with Rewards for POW staying at 0 untill block 10100 at which point the reward for POW will change into 0.1 untill block 12,000 Then it will go back to 0 and remain like that forever. We chose to do that to help compensate with all this Messing around you have endured.

We will Message Yobit and tell them to update the src code too once Commited.

Thanks and Now we can start to move Along.[/b]



so that 1900 blocks with 0.1 reward for 190 coins.  so how does that compensate? goes to POS staking?  
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March 01, 2016, 06:15:05 PM
 #306

When???
Wallets Windows COMING Huh
jc12345
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March 01, 2016, 06:15:54 PM
 #307

New Wallets on there way Very Soon chain has been fixed.

Removed Last Pow Block Limitation. So PosEx for the Moment will remain as a Pure POW/POS Hybrid with Rewards for POW staying at 0 untill block 10100 at which point the reward for POW will change into 0.1 untill block 12,000 Then it will go back to 0 and remain like that forever. We chose to do that to help compensate with all this Messing around you have endured.

We have also Looked into the Stake % Issue and all should be good there too now.

Current Information

version" : "v13.0.0-Beast",
"protocolversion" : 70002,
"walletversion" : 60000,
"balance" : 0.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 10025,
"timeoffset" : 0,
"moneysupply" : 1877.81704101,
"connections" : 0,
"proxy" : "",
"ip" : "0.0.0.0",
"difficulty" : {
"proof-of-work" : 0.06533143,
"proof-of-stake" : 0.00024414
},
"testnet" : false,
"keypoololdest" : 1456782935,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"mininput" : 0.00000000,
"errors" : ""
}

We will Message Yobit and tell them to update the src code too once Commited.

Thanks and Now we can start to move Along.



Are you going ahead with the super POS (100000% etc) or are you toning a bit down?  It might be a case where the guy that can stake first will get his coins to the exchange first and dump down to 1 sat. It might actually provide more longevity if you can just fix the chain but keep it at 10%. A <2000 coin could mean longer term value. The super POS would cause almost instantaneous death of the coin. It would be an entertaining experiment, but the price of the coin would be as difficult to pin down as the Higgs boson.
PoSeX (OP)
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March 01, 2016, 07:43:06 PM
 #308

Well you guy's got some quite valid points there and If we agree to those then the wallet's will have to be re-made etc with updated src with said things again, I am happy with what ever tho just glad we can get this ball rolling again  Wink
GREEDYJOHN
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March 01, 2016, 07:52:02 PM
 #309

Well you guy's got some quite valid points there and If we agree to those then the wallet's will have to be re-made etc with updated src with said things again, I am happy with what ever tho just glad we can get this ball rolling again  Wink
POS is not a problem, I just hope that the code is "correct". Think about coding the POS in such a way that it discourages dumping. I think that it is a good idea if POS rewards increase with time, or probably if coins need to have "MATURITY" in wallet, before they can earn stakes.

Maturity should be up to 5 days.

We need to think.

GREEDYJOHN
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March 01, 2016, 07:52:47 PM
Last edit: March 01, 2016, 08:35:14 PM by GREEDYJOHN
 #310

Well you guy's got some quite valid points there and If we agree to those then the wallet's will have to be re-made etc with updated src with said things again, I am happy with what ever tho just glad we can get this ball rolling again  Wink
When will you release block explorer?

It would be good if the POS rewards were coded in a manner that encourages hoarding of coins and staking.

- ANTI-INSTAMINE


First few POS blocks should have very low rewards, like 1% POS, for 2 days, to discourage POS INSTAMINING by DEV team. It is the DEV team that releases wallets, so they will have UNFAIR time advantage over everybody else.

- RANDOM POS REWARDS OR POS REWARDS INCREASING AND DECREASING IN CYCLES:

Example,
block 0 - 5000 = 1% POS (ANTI-INSTAMINE)
block 5001 - 10000 = 20% POS
block 10001 - 15000 = 50% POS
block 15001 - 20000 = 80% POS
block 20001 - 25000 = 100% POS
block 25001 - 30000 = 200% POS
block 30001 - 35000 = 500% POS
block 35001 - 40000 = 1000% POS
block 40001 - 45000 = 100% POS
block 45001 - 50000 = 200% POS
block 50001 - 55000 = 500% POS
block 55001 - 60000 = 1000% POS
block 60001 - 65000 = 100% POS
65001 - end = 10% POS

jc12345
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March 01, 2016, 08:45:41 PM
 #311

Well you guy's got some quite valid points there and If we agree to those then the wallet's will have to be re-made etc with updated src with said things again, I am happy with what ever tho just glad we can get this ball rolling again  Wink
When will you release block explorer?

It would be good if the POS rewards were coded in a manner that encourages hoarding of coins and staking.

- ANTI-INSTAMINE


First few POS blocks should have very low rewards, like 1% POS, for 2 days, to discourage POS INSTAMINING by DEV team. It is the DEV team that releases wallets, so they will have UNFAIR time advantage over everybody else.

- RANDOM POS REWARDS OR POS REWARDS INCREASING AND DECREASING IN CYCLES:

Example,
block 0 - 5000 = 1% POS (ANTI-INSTAMINE)
block 5001 - 10000 = 20% POS
block 10001 - 15000 = 50% POS
block 15001 - 20000 = 80% POS
block 20001 - 25000 = 100% POS
block 25001 - 30000 = 200% POS
block 30001 - 35000 = 500% POS
block 35001 - 40000 = 1000% POS
block 40001 - 45000 = 100% POS
block 45001 - 50000 = 200% POS
block 50001 - 55000 = 500% POS
block 55001 - 60000 = 1000% POS
block 60001 - 65000 = 100% POS
65001 - end = 10% POS


The proposed schedule already looks much better than the original one. The chain however will not start from scratch and will continue from 10017(25). I would rather than giving 0.1 POW blocks keep it at 0 reward otherwise people will rape the POW blocks. POW should just be there to move the chain if necessary.
GREEDYJOHN
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March 01, 2016, 09:12:13 PM
 #312

Well you guy's got some quite valid points there and If we agree to those then the wallet's will have to be re-made etc with updated src with said things again, I am happy with what ever tho just glad we can get this ball rolling again  Wink
When will you release block explorer?

It would be good if the POS rewards were coded in a manner that encourages hoarding of coins and staking.

- ANTI-INSTAMINE


First few POS blocks should have very low rewards, like 1% POS, for 2 days, to discourage POS INSTAMINING by DEV team. It is the DEV team that releases wallets, so they will have UNFAIR time advantage over everybody else.

- RANDOM POS REWARDS OR POS REWARDS INCREASING AND DECREASING IN CYCLES:

Example,
block 0 - 5000 = 1% POS (ANTI-INSTAMINE)
block 5001 - 10000 = 20% POS
block 10001 - 15000 = 50% POS
block 15001 - 20000 = 80% POS
block 20001 - 25000 = 100% POS
block 25001 - 30000 = 200% POS
block 30001 - 35000 = 500% POS
block 35001 - 40000 = 1000% POS
block 40001 - 45000 = 100% POS
block 45001 - 50000 = 200% POS
block 50001 - 55000 = 500% POS
block 55001 - 60000 = 1000% POS
block 60001 - 65000 = 100% POS
65001 - end = 10% POS


The proposed schedule already looks much better than the original one. The chain however will not start from scratch and will continue from 10017(25). I would rather than giving 0.1 POW blocks keep it at 0 reward otherwise people will rape the POW blocks. POW should just be there to move the chain if necessary.
Yeah, this was just an example.

The POS/POW blocks should continue from where it stopped (block 10017, as you claim) with 5000 ANTI-INSTAMINE BLOCKS. These blocks should have very tiny POS rewards, like 1%, to prevent DEV team from having an EXTREMELY unfair advantage, because they will always have their wallets ready before everybody else.

Also, from the example, POS rewards should be increasing with time, to increase buying pressure. 1000% POS reward is OK as maximum POS, but I think that POS rewards should be coded to fluctuate up and down, so that buying pressure is maintained for a long time.

We need to go back to the old fashioned way, where coins need a "maturity period" of up to 5 days before they earn their stake rewards. This will also discourage DUMPING.





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March 01, 2016, 09:22:44 PM
 #313

Well you guy's got some quite valid points there and If we agree to those then the wallet's will have to be re-made etc with updated src with said things again, I am happy with what ever tho just glad we can get this ball rolling again  Wink
When will you release block explorer?

It would be good if the POS rewards were coded in a manner that encourages hoarding of coins and staking.

- ANTI-INSTAMINE


First few POS blocks should have very low rewards, like 1% POS, for 2 days, to discourage POS INSTAMINING by DEV team. It is the DEV team that releases wallets, so they will have UNFAIR time advantage over everybody else.

- RANDOM POS REWARDS OR POS REWARDS INCREASING AND DECREASING IN CYCLES:

Example,
block 0 - 5000 = 1% POS (ANTI-INSTAMINE)
block 5001 - 10000 = 20% POS
block 10001 - 15000 = 50% POS
block 15001 - 20000 = 80% POS
block 20001 - 25000 = 100% POS
block 25001 - 30000 = 200% POS
block 30001 - 35000 = 500% POS
block 35001 - 40000 = 1000% POS
block 40001 - 45000 = 100% POS
block 45001 - 50000 = 200% POS
block 50001 - 55000 = 500% POS
block 55001 - 60000 = 1000% POS
block 60001 - 65000 = 100% POS
65001 - end = 10% POS


The proposed schedule already looks much better than the original one. The chain however will not start from scratch and will continue from 10017(25). I would rather than giving 0.1 POW blocks keep it at 0 reward otherwise people will rape the POW blocks. POW should just be there to move the chain if necessary.
Yeah, this was just an example.

The POS/POW blocks should continue from where it stopped (block 10017, as you claim) with 5000 ANTI-INSTAMINE BLOCKS. These blocks should have very tiny POS rewards, like 1%, to prevent DEV team from having an EXTREMELY unfair advantage, because they will always have their wallets ready before everybody else.

Also, from the example, POS rewards should be increasing with time, to increase buying pressure. 1000% POS reward is OK as maximum POS, but I think that POS rewards should be coded to fluctuate up and down, so that buying pressure is maintained for a long time.

We need to go back to the old fashioned way, where coins need a "maturity period" of up to 5 days before they earn their stake rewards. This will also discourage DUMPING.








You in PEX also?

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March 03, 2016, 05:19:17 PM
 #314

when is the new wallet will be ready
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March 03, 2016, 06:07:27 PM
Last edit: March 04, 2016, 06:55:21 PM by GREEDYJOHN
 #315

Hi, POSEX.

It is good for you to include a few low POS blocks in the beginning, called ANTI-INSTAMINE POS BLOCKS.

This is to ensure that people get a fair start, especially people in different time zones.

We possibly want the first 5000 blocks to be ANTI-INSTAMINE, so that regular people who go to work have the same opportunity as the DEV team.

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March 06, 2016, 10:36:08 AM
 #316

Been a long time since you announced wallet, and spread it all over you announcment like it is already implemented..

I smell something...

Q
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March 06, 2016, 08:44:58 PM
 #317

Been a long time since you announced wallet, and spread it all over you announcment like it is already implemented..

I smell something...

Q

Well you guy's got some quite valid points there and If we agree to those then the wallet's will have to be re-made etc with updated src with said things again, I am happy with what ever tho just glad we can get this ball rolling again  Wink

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March 06, 2016, 09:50:06 PM
 #318

So it looks like the chain hasn't moved for awhile now.  yobit withdrawl stuck for couple days.  what block are we on?



GREEDYJOHN
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March 07, 2016, 11:19:30 AM
 #319

New Wallets on there way Very Soon chain has been fixed.

Removed Last Pow Block Limitation. So PosEx for the Moment will remain as a Pure POW/POS Hybrid with Rewards for POW staying at 0 untill block 10100 at which point the reward for POW will change into 0.1 untill block 12,000 Then it will go back to 0 and remain like that forever. We chose to do that to help compensate with all this Messing around you have endured.

We have also Looked into the Stake % Issue and all should be good there too now.

Current Information

version" : "v13.0.0-Beast",
"protocolversion" : 70002,
"walletversion" : 60000,
"balance" : 0.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 10025,
"timeoffset" : 0,
"moneysupply" : 1877.81704101,
"connections" : 0,
"proxy" : "",
"ip" : "0.0.0.0",
"difficulty" : {
"proof-of-work" : 0.06533143,
"proof-of-stake" : 0.00024414
},
"testnet" : false,
"keypoololdest" : 1456782935,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"mininput" : 0.00000000,
"errors" : ""
}

We will Message Yobit and tell them to update the src code too once Commited.

Thanks and Now we can start to move Along.



1900 blocks of 0.1 PX will create 190 PEX, if you ignore the POS factor.

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March 10, 2016, 03:40:49 PM
 #320

Any updates on the new wallet or block chain explorer?

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