[ANN] 42-coin Development Discussion Thread

[Lasergun]

Looks like a shitty exchange to me, but hell...all exposure and volume is welcome! 

I would not rate CryptoDAO any reputable at all to be honest.
Looks pretty shady overall to me.

You are right, this is a shitty exchange in beta mode. But who knows what will happen tomorrow, they are Chinese, and there are a lot of them... 

[pwpwpw]

I don't get something, PoS and PoW rewards are 0 + tx, so basically just tx fees ? What's the incentive to make people pow mine or stake? also how much you need to stake ?

[Lasergun]

I don't get something, PoS and PoW rewards are 0 + tx, so basically just tx fees ? What's the incentive to make people pow mine or stake?

PoW miners gather tx fees from transactions as a reward because their work is more energy intensive, PoS miners destroy tx fees - create deflation and make the remaining coins more rare and valuable. People mine 42 to take part in this process and protect their investments.

also how much you need to stake ?

The input is mature and ready to generate the block when the CoinDay is ≥ 1. You can calculate it. For example, the input size 0.04 will be ready to generate the block in 1/0.04=25 days, 0.02 - in 1/0.02=50 days, 0.01 - in 1/0.01=100 days, etc. Minimum stake age is 42 hours, maximum age is not limited.

Also,

You can predict the exact time when each input will find the block with the "scaninput" command. Select from the wallet menu bar: Help - Debug window - Console - type "scaninput" - press "Enter" and follow the instructions. Example:

Code:

scaninput '{"txid":"00c3ecf50748b41b63a8e9931845474c9c1d6daace72bae34e1d71080b54be59", "days":30}'

Code:

[
{
"nout" : 2,
"hash" : "000005cbefc94bfc6851d95fea7f87ee58498ffc64e9973719cc1f19b433df23",
"time" : "2017-02-25 00:02:44 UTC"
},
{
"nout" : 2,
"hash" : "00000c7e8ecc4c94ed9933601ce559071571f3dc8dea8c74136eb74bbcd1e0d3",
"time" : "2017-03-17 11:47:12 UTC"
}
]

How to set up the desirable split threshold of inputs, see here.

[pwpwpw]

I don't get something, PoS and PoW rewards are 0 + tx, so basically just tx fees ? What's the incentive to make people pow mine or stake?

Tx fees is only for PoW miners, it is destroyed in the PoS blocks - that is how deflationary works in 42. Each coin will become more rare and valuable over the time. People are mined to take part in this process and protect their investments.

also how much you need to stake ?

The input is mature and ready to generate the block when the CoinDay is ≥ 1. You can calculate it. For example, the input size 0.04 will be ready to generate the block in 1/0.04=25 days, 0.02 - in 1/0.02=50 days, 0.01 - in 1/0.01=100 days, etc. Minimum stake age is 42 hours, maximum age is not limited.

Also,

You can predict the exact time when each input will find the block with the "scaninput" command. Select from the wallet menu bar: Help - Debug window - Console - type "scaninput" - press "Enter" and follow the instructions. Example:

Code:

scaninput '{"txid":"00c3ecf50748b41b63a8e9931845474c9c1d6daace72bae34e1d71080b54be59", "days":30}'

Code:

[
{
"nout" : 2,
"hash" : "000005cbefc94bfc6851d95fea7f87ee58498ffc64e9973719cc1f19b433df23",
"time" : "2017-02-25 00:02:44 UTC"
},
{
"nout" : 2,
"hash" : "00000c7e8ecc4c94ed9933601ce559071571f3dc8dea8c74136eb74bbcd1e0d3",
"time" : "2017-03-17 11:47:12 UTC"
}
]

so there is no reward for staking ?

[Lasergun]

so there is no reward for staking ?

No:

Specifications
(42-v0.0.8)

PoS reward: 0 coin // makes 42 an extremely rare
Min stake age: 42 hours
Max stake age: Unlimited
PoS target spacing: 7 minutes
...

[pwpwpw]

so there is no reward for staking ?

No:

Specifications
(42-v0.0.8)

PoS reward: 0 coin // makes 42 an extremely rare
Min stake age: 42 hours
Max stake age: Unlimited
PoS target spacing: 7 minutes
...

I see, so basically only the tx fee is removed from the total supply with each new transaction, whatever amount you hold, won't change without moving it.

[Lasergun]

News from LiveCoin.net. The adding of 42 is delayed until ~Friday due to the hardware issue.

Also, you do not need to vote there anymore.

[Lasergun]

Please, support 42 by your donating or voting:

novaexchange.com: https://novaexchange.com/addcoin - 84/250 votes // Every user gets ONE FREE vote every day!

c-cex.com: https://c-cex.com/?id=vote&coin=42 or send BTC to: 1ECHsT7o3yZTGiCJu8bKeKrzSXkP12zNv7 - total 23 votes

[Lasergun]

Here are 42 things to fuel your fascination with the number 42: http://www.independent.co.uk/life-style/history/42-the-answer-to-life-the-universe-and-everything-2205734.html

[Than-Ioan]

I only know that the street number of my house is  42!

[Lasergun]

Do not forget that you have one free vote on Novaexchange everyday! Current progress is 89/250.

[Lasergun]

42/BTC, 42/USD and 42/ETH markets now live on LiveCoin.net. Happy trading!

Thanks to everyone who voted for 42! Total there were 17401 votes (~1.74 btc). Special thanks to Stouse49 (1.22381008 btc / 2 new 42) and panda111 (0.33715 btc).

[GeopByte]

Is there a reason to invest?

[Lasergun]

Is there a reason to invest?

Only if you know the answer to the ultimate question of life, the universe and everything...  

[Lasergun]

42/BTC, 42/USD and 42/ETH markets now live on LiveCoin.net.

Deposits will be unavailable until ~Tuesday due to the same hardware issue...  

[fungus]

42/BTC, 42/USD and 42/ETH markets now live on LiveCoin.net.

Deposits will be unavailable until ~Tuesday due to the same hardware issue...  

Where does it say that? I couldn't find anything in the latest news page.

https://www.livecoin.net/en/news/list

They should make important announcements like hardware issues on the news page.

[Lasergun]

Where does it say that? I couldn't find anything in the latest news page.

https://www.livecoin.net/en/news/list

They should make important announcements like hardware issues on the news page.

This is from a private conversation. Due to this issue the exchange was unavailable for 6 hours today (instead of 50-60 minutes).

Hello
Our Exchange is under update. We notify our clients in advance via twitter.

[klarki]

42/BTC, 42/USD and 42/ETH markets now live on LiveCoin.net.

Deposits will be unavailable until ~Tuesday due to the same hardware issue...  

Information from the exchange:

This coin is still on testing at our Exchange until the official announcement, you can perform any actions on your own risk.

[Lasergun]

Please, Support 42 on Novaexchange by your voting (ONE FREE vote every day!):

[Lasergun]

42/BTC, 42/USD and 42/ETH markets now live on LiveCoin.net.

Deposits will be unavailable until ~Tuesday...

Everything is working fine now. Happy trading!