TMacLaughlin
Newbie
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Activity: 8
Merit: 0
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August 21, 2017, 01:04:07 AM |
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Would it be possible for someone with 2116 Sig to kill the block chain when it gets to proof of stake?
This is not my area of expertise, but if my numbers are within 4-5 orders of magnitude this is a critical issue.
if interest is paid hourly, as has been stated, it must be recorded on the block chain.
If I am reading the main.h correctly then the maximum space for transactions is 100000 bytes per block.
From Bitcoin an outgoing transaction is about 34 bytes. I am assuming Signatum is similar.
So a max of roughly 3,000 transactions per minute or 180,000 per hour
5% interest compounded hourly is 0.00000570
In order to collect the minimum amount of 0.00000001 hourly an account needs to stake 0.00175439 Sig.
Minimum Stat required to create 180000 interest bearing accounts.
2116 = 315.7902 transfered + 1800 (Tx Fees)
Since it looks like a single wallet can stake multiple accounts wouldn't this be a trivial script and $200 to kill the chain with interest transactions?
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gurumeditation
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August 21, 2017, 02:40:06 AM |
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Would it be possible for someone with 2116 Sig to kill the block chain when it gets to proof of stake?
This is not my area of expertise, but if my numbers are within 4-5 orders of magnitude this is a critical issue.
if interest is paid hourly, as has been stated, it must be recorded on the block chain.
If I am reading the main.h correctly then the maximum space for transactions is 100000 bytes per block.
From Bitcoin an outgoing transaction is about 34 bytes. I am assuming Signatum is similar.
So a max of roughly 3,000 transactions per minute or 180,000 per hour
5% interest compounded hourly is 0.00000570
In order to collect the minimum amount of 0.00000001 hourly an account needs to stake 0.00175439 Sig.
Minimum Stat required to create 180000 interest bearing accounts.
2116 = 315.7902 transfered + 1800 (Tx Fees)
Since it looks like a single wallet can stake multiple accounts wouldn't this be a trivial script and $200 to kill the chain with interest transactions?
Not sure interest will be paid hourly, where did you read that ? |
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TMacLaughlin
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Activity: 8
Merit: 0
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August 21, 2017, 03:54:26 AM |
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Would it be possible for someone with 2116 Sig to kill the block chain when it gets to proof of stake?
This is not my area of expertise, but if my numbers are within 4-5 orders of magnitude this is a critical issue.
if interest is paid hourly, as has been stated, it must be recorded on the block chain.
Not sure interest will be paid hourly, where did you read that ? I believe I read it somewhere on here. Page 10 of the white paper actually says it is paid every 5 minutes. A 5 minute payout would be 0.0000004756 so 0.02102608 Sig per wallet, but you would only need 15,000. 15,000 * 0.02102608 + 150 = 465.3912 Main.cpp sets nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8) From what I can tell it simplifies to "nCoinAge * 13689" All the math is e-8, but if nCoinAge is the mature coins and it runs every 5 minutes then this is a 1400% return. Hopefully I am wrong. Edit: Fixed exponential. |
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habeas_corpus
Jr. Member
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Activity: 135
Merit: 1
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August 21, 2017, 04:33:18 AM |
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Draining! Urgently sell! The price will fall to 300sat.
OMG, Jesus Chris, better do what this guy says. Quick! The coin is dying and we will probably loose everything in the next 16 seconds. I can feel the vital signs fading. The room suddenly got colder and the presence of supernatural is in the air. Sell, sell, sell! LOL  /sarcasm Are you sure? The stats on the website whentosell says 24 seconds. Why is there a discrepancy? |
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CoinMin3r
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August 21, 2017, 04:46:12 AM |
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Draining! Urgently sell! The price will fall to 300sat.
OMG, Jesus Chris, better do what this guy says. Quick! The coin is dying and we will probably loose everything in the next 16 seconds. I can feel the vital signs fading. The room suddenly got colder and the presence of supernatural is in the air. Sell, sell, sell! LOL /sarcasm Are you sure? The stats on the website whentosell says 24 seconds. Why is there a discrepancy? Don't fall into this fudding trap.They are just looking for the weak hand and targeting them as their prey with those FUD. |
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corrado25
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August 21, 2017, 05:24:08 AM |
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Bittrex when ? )
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oisilener1982
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August 21, 2017, 05:29:20 AM |
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Bittrex when ? )
Most likely Never. The volume @ cryptopia is Low and the Price is only @ 1400 Sat SIGT almost have 800 BTC volume at cryptopia but now we have 37 BTC volume per day because of the Crow |
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IntelligentIdiot
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August 21, 2017, 05:51:08 AM |
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Those doomsayers are looking for ways to devalue the coin. They would not succeed. They are trying to find ways to make value of coin so low they could mass buy it.
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Alastord
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August 21, 2017, 06:25:20 AM |
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Those doomsayers are looking for ways to devalue the coin. They would not succeed. They are trying to find ways to make value of coin so low they could mass buy it.
500 Sat and go Pump! |
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yunihuni
Member
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Activity: 70
Merit: 10
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August 21, 2017, 06:26:46 AM |
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That coin never go to the moon. Wake up guys.
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suilow1991
Newbie
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Activity: 51
Merit: 0
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August 21, 2017, 06:43:12 AM |
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That coin never go to the moon. Wake up guys.
yea yea, we here like to dream. So what, bite me  we don't need you to tell us whether or not the coin will go to moon, and also teach us what to do. |
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manti93
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Activity: 21
Merit: 0
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August 21, 2017, 06:44:37 AM |
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That coin never go to the moon. Wake up guys.
Nie pójdzie na księżyc ale pójdzie na słonce ! |
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abdulmad
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August 21, 2017, 06:51:34 AM |
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Those doomsayers are looking for ways to devalue the coin. They would not succeed. They are trying to find ways to make value of coin so low they could mass buy it.
Pretty much, old trick in the book, spread FUD and hoping the price tank because of mass dump. Its been trading ok over the weekend, not so many wild swings as before so probably showing signs of a bit of stability. |
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el3f
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August 21, 2017, 08:02:31 AM |
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harvw
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August 21, 2017, 08:31:04 AM |
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Liking this project more and more.... |
The beginning of a new era.
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SH777
Newbie
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Activity: 17
Merit: 0
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August 21, 2017, 08:47:20 AM |
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the thing is miners don't sell their coin they just holding it for the future that is why very low volume
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CoinratZ
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August 21, 2017, 08:56:10 AM |
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Major dump going on. Time to buy more.
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jootn2kx
Full Member
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Activity: 378
Merit: 101
Estimated.Pro - Crypto Signals. Free.
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August 21, 2017, 09:05:59 AM
Last edit: August 21, 2017, 09:43:03 AM by jootn2kx |
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Major dump going on. Time to buy more.
Maybe better price to buy in around 600 - 800 satoshi or even lower |
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JayyCee
Newbie
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Activity: 27
Merit: 0
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August 21, 2017, 09:34:12 AM |
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Signatum - where shopping becomes a problem.
This is what i see on the main page ( page 1 ) and also on the youtube video. Does anyone else think that's bad placement of wording? Its like saying your'e gonna have a problem with using the site? Shouldnt it say " Signatum - Shopping made easier " or something ? thats a much better slogan. Even if its not meant to be a slogan, it comes accross as one. Despite this good job devs.
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Hazcat
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August 21, 2017, 10:12:43 AM |
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anyone able to help with mining here. Im trying to set up one of my rigs to mine sigt but this is what im getting http://prntscr.com/gb4asxAny ideas? RX580s |
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