[ANN] $SPRTS - Download New Sprouts Wallet Release 2.2.2 - Join us on Cryptopia

[lordgoth]

i wanna vote arcmetal become head of sprouts dev. he help here. japan never...im stack bilion lol....still stuck or bug when wallet open too long ~_~

 Thanks, I appreciate the vote of confidence, but the solutions I had in mind for this coin may not do anything to fix it.  I don't know what would fix this coin. ... To explain, the only two fixes that come to mind are:

1) forking the code to have a reduced staking reward to reduce its inflation rate, and
2) a coin swap, maybe 10,000 to 1 to reduce the total circulation.  

But there are problems with both of these things, mainly psychological.  Briefly:

1) "reducing the stake reward".  This would fix the problem of it inflation, but its high stake reward is what people like, so the coin could slowly die from lack of interest.

2) "10,000 to 1 coin swap".   This may be the best solution, since it would reduce the circulation, and if the staking reward is left alone, it would give people a new start with the coin, and it would still be popular.  But there are downsides.  I just witnessed what happened to paccoin.  They have a 1,000 to 1 swap happening now.  You'd expect its value to remain, but to do so its price would have to jump up 1,000 times to what it was if its being reduced 1,000 to 1.  Instead its price has gone up only 10 times, thus its value has dropped 100 times.  Meaning, if your total paccoins were worth $100 before the swap, they are now worth $1.  ... I can't say what will happen in a few months, but for now, its not pleasant.

So, I say, better ideas would be welcomed if they appear.

We can implement solutions that slow down the reward/supply without reducing the POS rate. Example:
- Increase the mature time ( like 1 month )
- Apply higher transferring fee ( 0.01 coin is way too low, let take 10M for 1B tranfer, I know this is the ridiculous fee, but It will burn the coin a lot. Apply the same for the minting case, if the reward is 1B, let take 10M fee. The ideal is the larger amount/reward you send/create, the fee will increase as much as possible

make fee high as possible for 1 mo then later reduce for reward PoW.

for make not inflation too high just make sure used new chain system to make implement environtment. after that remove old chain after cross chain. this~

"make fee high as possible for 1 mo" won't work. People just simply doesn't transfer anything in this 1 month. We will get "Nothing to stake" problem. Favour POW maybe the good solution but the coin won't be pure POS coin anymore and we will meet issue #1 as arcmetal mention.

If you don't want to swap/reduce the coin, the simple solution is finding way to burn it. I don't think the coin will have any real usage in the near future so high fee won't be big problem here.

Hey you can even apply fee for creating new wallet address. It will burn a lot of coin  

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[plaincoin]

is there a discord for the revival

[Arent]

Hello All,

I am new here, i came here because i broke my wallet while trying to send too many coins.
I tried to PM mcharland because he had it fixed not so long ago. But new accounts cannot PM it said.

Please pm me mcharland

Thanks in advance

[Sprouts Team]

[Again]

#1 of this topic includes too much old information, but it was posted by former team and we cannot edit or delete.
so we made a new ANN topic of SPRTS.
Please check the new topic from now on: https://bitcointalk.org/index.php?topic=3451062

Thank you.

Sprouts Official Development Team

[xaker74]

7 trillions coins! It is more what 7 000 000 000 000 circulating supply! Dev, you are crazy) why so many, what intention is pursued?

[mcharland]

Hi Arent,

first MAKE MULTIPLE BACKUPS AND PUT THEM IN MULTIPLE LOCATIONS.
this will allow you to experiment and still have your original wallet data.

Do you have any programming exp? That will really help.

you need to load Python on a pc and there will be a few other Python addons. I'm short on time but will try to get you some instructions on Monday. Like I said in a previous post, getting Pythong and Pywallet set up is the hardest thing to do. after that you just use the pywallet UI to strip out all the transactions so the wallet will open. once the wallet is open you use the command window to pull the private key. then you start a new wallet and again using the command window copy the old privkey into the new wallet and your coins will show up.

More info to follow.

[POD5]

So, if a hard fork occurs, people will keep the old SPROUTS and the new coin?

[Kingdat907]

From what i can tell, no, we will get the old sprouts with a much lower APR. THey might do a new one though. That's why I'm active on their new thread now to make sure they don't cuck us.

Hello sprouts community! I’m new to sprouts and have read all the comments on this project and I am worried about the coin swap I would love to hear from you guys if you have any info about when the swap is going to take place, my main concern is that I can’t get a sprouts wallet working and if I have my coins on coinexchage wallet will those sprouts be automatically swapped for sprouts+ or will my coins be safe? Thanks so much guys!

[misa1049]

I would like to know the Exact numbers for Sproutscoin MAX TOTAL coin Supply what is going to be released att whole.

[thuhoai1332003]

waiting a bit helped me Smiley this thing takes quite a bit of confirmations i believe.

[thuhoai1332003]

Does anyone know how to fix a runtime error.

[mcharland]

Does anyone know how to fix a runtime error.

Is your wallet.dat file corrupt?

[Joserh]

a minha nao gera stake alguem sabe por que tenho 50 milhoes e nao caiu nada tem alguma configuraçao

[POD5]

You'll need a bit more than 50 M... 

[Joserh]

obrigado amigo algum grupo no zap ,pra entrar ficar bem informado

[fabiorod]

I got 99.999.999 coins, I have add the last nodes on the wallet its working fine but, does not stake anything It have been 3 days now. its normal?

thank you

[tripity]

I got 99.999.999 coins, I have add the last nodes on the wallet its working fine but, does not stake anything It have been 3 days now. its normal?

thank you

You need atleast a billion to stake this coin on your own with regular staking-paymenats.

There is what I know of 1 staking pool where you can stake sprts at: btcpop. They have 116 billions sprts in their shared pool and all staked amounts to the shared pool is equally shared (seen to how many coins yourself has got). Roughly calculated your 100 million sprts would give a daily payout at around 275.000 on a bad day and 550.000 on a good day. The amounts will of course increase as your balances increase!

[omachi2058]

Honestly, though Im a new guy here, Ico is no long age trust me guys. They not longer than Bitcoin.

[telexnetwork]

my advice staying away from them sprout, xp, buzzcoin  e.t.c

[Ilyli]

I very much like the coin swap idea. I have many billions of sprouts and would be happy to trade some in for the new sprouts, assuming this is actually legitimate. Let us know new specs of new sprouts coin asap and I may stake BOTH coins at once  Grin