[$XVG] VERGE [POW][MultiAlgo][TOR/i2P][no premine/ico!]

[fosco333]

right now, in our specs, its 30 seconds, 12,500 xvg per block. of course, difficulty affects this greatly. which is why no coin has exact timing specs actually occuring. i could see keeping the reward schedule identical, but changing the 30 seconds to 10 seconds, however 12,500 isnt divisible by 3. you'd get 4166.666666666667 which just doesnt work. however, 15 seconds, with 6,250 does work. ill add that to the poll, reset, and see how it fairs.

this give us the same exact inflation main problem is inflation as it is. maybe keep de 10 seconds 520 xvg option in the new poll?! In the last poll 70% wanted less inflation smoother blocks.

you cant just change the amount of coins though, without pissing off the portion of the community that isnt sitting on tens of millions of coins, and wants to mine and get more before halvings. i honestly cant think of anything that would be more unfair..

edit: thought of something even more unfair, also adding PoS, so baghodlers get even richer.

From reading the last posts I tend to go with 30 second block and I tend to agree with smoothing inflation. I don't see many people pissed off dev and smoothing inflation as everybody is calling is indeed very interesting. I vote for it too.

[Dogedarkdev]

by halving the time and reward, and our new multi algo system, i believe this will help with distribution. many will hold, many will dump. we will just have to wait and see what happens.

[juanp11]

i see no issue with reducing block time, and altering the reward to fit it, so 15 seconds, 6,250, instead of right now having 30 seconds, 12,500.

i will not reduce or increase the overall amount of coins. that would be unfair. the idea of changing it to 30 seconds (staying the same as it is now) and 500 coins per block a reduction by over 11,000 coins), does in fact change the specs, and too much, in my opinion.

ive posted the options im willing to go with, halving the block time and halving the reward, and keeping it the same.

i like the idea of 15 second blocks and halving the reward, because this allows for faster transactions. block size will not be a worry, especially if we have blocks being produced faster, because we've already had blocks with thousands of transactions in them, and they were fine.

edit: to sum it up, i am not concerned with trying to make the price of xvg go up by changing the emission. that seems unfair and i am not willing to cooperate on that, sorry. we got to where we are as it is, and we will continue the way it is. that is why the only option im considering is halving the time and reward.

So, at 15 second block times, are we moving up the halving date because there are more blocks? Frankly, if we are that helps with the inflation issue in the near term.

[Zedux]

i see no issue with reducing block time, and altering the reward to fit it, so 15 seconds, 6,250, instead of right now having 30 seconds, 12,500.

i will not reduce or increase the overall amount of coins. that would be unfair. the idea of changing it to 30 seconds (staying the same as it is now) and 500 coins per block a reduction by over 11,000 coins), does in fact change the specs, and too much, in my opinion.

ive posted the options im willing to go with, halving the block time and halving the reward, and keeping it the same.

i like the idea of 15 second blocks and halving the reward, because this allows for faster transactions. block size will not be a worry, especially if we have blocks being produced faster, because we've already had blocks with thousands of transactions in them, and they were fine.

edit: to sum it up, i am not concerned with trying to make the price of xvg go up by changing the emission. that seems unfair and i am not willing to cooperate on that, sorry. we got to where we are as it is, and we will continue the way it is. that is why the only option im considering is halving the time and reward.

So, at 15 second block times, are we moving up the halving date because there are more blocks? Frankly, if we are that helps with the inflation issue in the near term.

yep so 15 seconds/6,250 xvg per block is what we get so voted for it

[p75formula]

I find it very hard to believe that ANYONE invested in hardware solely for the purpose of mining VERGE. Even if they did, this still doesn't really hurt them. Also, if they did, they should have done the math and bought VERGE instead of mining hardware.

[jwinterm]

i see no issue with reducing block time...

Bitcoin is having a civil war over whether or not to go to 2 MB per 10 min. With a 1 MB block limit and 15 s target time, you would effectively have 40 MB per 10 min. Greg Maxwell would probably shit a brick if someone proposed that for BTC. I guess 20 MB per 10 min (current situation with 30 s block target), or 40 MB per 10 min doesn't make a big difference in the end probably, but there could be an issue at some point if lots of txs started flying (or miners created a bunch of txs to stuff their own blocks for whatever reason), probably in either case.

[Dogedarkdev]

i see no issue with reducing block time...

Bitcoin is having a civil war over whether or not to go to 2 MB per 10 min. With a 1 MB block limit and 15 s target time, you would effectively have 40 MB per 10 min. Greg Maxwell would probably shit a brick if someone proposed that for BTC. I guess 20 MB per 10 min (current situation with 30 s block target), or 40 MB per 10 min doesn't make a big difference in the end probably, but there could be an issue at some point if lots of txs started flying (or miners created a bunch of txs to stuff their own blocks for whatever reason), probably in either case.

we could always add pruning, for the users sake though. but also, all the megabytes in the limit are not used. bitcoin still only has about 800k in really high blocks, so they wouldnt even see larger blocks unless the transactions started doubling.

[kampretkabur]

voted for 15 seconds/6250, i dont really know bout the technical problem if its changed to this, but considering of what is happening now, speeding the transaction is a primary now, dont know how it will affect the miner though, they are the most important people to be considered here

[Dogedarkdev]

voted for 15 seconds/6250, i dont really know bout the technical problem if its changed to this, but considering of what is happening now, speeding the transaction is a primary now, dont know how it will affect the miner though, they are the most important people to be considered here

oh we've already come up with the solution for fixing the blockchain, this is just random and honestly i should have not even put it to vote.. lol

[BITDV]

voted for 15 seconds/6250, i dont really know bout the technical problem if its changed to this, but considering of what is happening now, speeding the transaction is a primary now, dont know how it will affect the miner though, they are the most important people to be considered here

oh we've already come up with the solution for fixing the blockchain, this is just random and honestly i should have not even put it to vote.. lol

Pull the vote down , a can of worms is getting opened that could end in just a big shit fight mate!!  Once the Multi-algo starts , it will spread the rewards around and away from the hogs(this isnt directed at the normal run of the mill miners, its the hashzilla's kill the difficulty) , so wether people have only invested in scrypt miners just for verge mining (which i doubt in the majority of cases) , it will be spread over the other algos , so the arguement that people are getting ripped off is mute!!
Get the algos happens , speed well all except the hashzilla's killing it , i think is fine!!

[Dogedarkdev]

voted for 15 seconds/6250, i dont really know bout the technical problem if its changed to this, but considering of what is happening now, speeding the transaction is a primary now, dont know how it will affect the miner though, they are the most important people to be considered here

oh we've already come up with the solution for fixing the blockchain, this is just random and honestly i should have not even put it to vote.. lol

Pull the vote down , a can of worms is getting opened that could end in just a big shit fight mate!!  Once the Multi-algo starts , it will spread the rewards around and away from the hogs(this isnt directed at the normal run of the mill miners, its the hashzilla's kill the difficulty) , so wether people have only invested in scrypt miners just for verge mining (which i doubt in the majority of cases) , it will be spread over the other algos , so the arguement that people are getting ripped off is mute!!
Get the algos happens , speed well all except the hashzilla's killing it , i think is fine!!

good call. also glad we could finally get x17 going. thanks for keeping it on your github

[OMALLEY-CRYPTO]

For next Wallet update, could you please consider implimenting 'kimoto gravity well algorithm' to regulate the diff please..

[BITDV]

voted for 15 seconds/6250, i dont really know bout the technical problem if its changed to this, but considering of what is happening now, speeding the transaction is a primary now, dont know how it will affect the miner though, they are the most important people to be considered here

oh we've already come up with the solution for fixing the blockchain, this is just random and honestly i should have not even put it to vote.. lol

Pull the vote down , a can of worms is getting opened that could end in just a big shit fight mate!!  Once the Multi-algo starts , it will spread the rewards around and away from the hogs(this isnt directed at the normal run of the mill miners, its the hashzilla's kill the difficulty) , so wether people have only invested in scrypt miners just for verge mining (which i doubt in the majority of cases) , it will be spread over the other algos , so the arguement that people are getting ripped off is mute!!
Get the algos happens , speed well all except the hashzilla's killing it , i think is fine!!

good call. also glad we could finally get x17 going. thanks for keeping it on your github

All good mate!!

[Dogedarkdev]

For next Wallet update, could you please consider implimenting 'kimoto gravity well algorithm' to regulate the diff please..

dont worry, we've got it all worked out now ;]

[A_McGriff]

I find it very hard to believe that ANYONE invested in hardware solely for the purpose of mining VERGE. Even if they did, this still doesn't really hurt them. Also, if they did, they should have done the math and bought VERGE instead of mining hardware.

Haha, yeah agreed.

Vercingetorix:
We kept the Scrypt option in for scrypt asic miners. That asic farm in China blew it for scrypt. Direct your ire towards them Vercingetorix. They were ruining the network.

[telematico]

[mmfiore]

what is the latest windows wallet version?

[Dogedarkdev]

what is the latest windows wallet version?

itll be out shortly, less than 2 weeks.

latest version has the verge logo in it, theres only been one. if its not syncing just be patient n let it sit

[p75formula]

I can't vote in the new poll but honestly, I don't think I could make up my mind anyway.

[DaMut]

wow.
18 sell wall,reminds me 18/3 :/
ghost wall,suddenly appear and disappear.

btw when xvg switch to multi ago?