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Author Topic: [ANN][YAC] YACoin ongoing development  (Read 323099 times)
mhps
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August 05, 2014, 12:42:39 PM
 #2421

The market is totally flooded with coins that hand a tremendous advantage to people who grab some near the beginning. I doubt joining that very long list of coins will significantly improve YACoin's long term prospect.

IPO and instamine scams are bad. But YAC is going to the opposite extreme. 40 times today's YAC supply will have to be created before YAC becomes a dominanly POS cion. It will take several decades to accomplish that as shown in my previous post. It's highly doubtful that cryptocoins in its current form will be still in fashion in 5-10 years. YAC will suffer from great and nearly constant sell pressure throughout It's current life, and should not be treated as a credible currency.  It will basically be an interesting POW algorithm experiment and a tool for speculation.

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Beave162
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August 05, 2014, 10:29:26 PM
 #2422

IPO and instamine scams are bad. But YAC is going to the opposite extreme.

You may be right. The beauty of the free market is that not one person is smarter than the voluntary interactions of the many. I think the price at this point has reflected that YAC has gone to the opposite extreme, but I don't think it will be so in the future. There are other factors that can affect the price, hash rate, volume. There are a lot of scenarios and opportunities that could be very beneficial for YAC.

It's highly doubtful that cryptocoins in its current form will be still in fashion in 5-10 years.

All cryptocoins will be dead in 5-10 years? What would be the point of hard forking a coin again?

YAC will suffer from great and nearly constant sell pressure throughout It's current life, and should not be treated as a credible currency. 

I remember a time when a lot of friends would just buy stock in Google. It was a seemingly no-risk investment that was guaranteed to go up. One would say there was constant buy pressure. There seemed to be an obvious trend. And well, it turned out you can't just look at a trend and predict the future that easily. I was buying up tons of LiteCoin until I got frustrated and sold 13,000 at $1.60. One week later, the price had skyrocketed to $48. There was constant sell pressure I swear... until the Chinese came in. It still definitely makes me sick to think how much I could have made, but that is speculation for you.

It will basically be an interesting POW algorithm experiment and a tool for speculation.

That sounds good in a way. It also sounds exactly.like.bitcoin.

YaCoin: YL5kf54wPPXKsXd5T18xCaNkyUsS1DgY7z 
BitCoin: 14PFbLyUdTyxZg3V8hnvj5VXkx3dhthmDj
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August 06, 2014, 03:13:32 PM
 #2423

Yeah... exactly... buy all you can... YAC is ridiculously underpriced right now.

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mhps
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August 07, 2014, 07:08:38 AM
 #2424

It's highly doubtful that cryptocoins in its current form will be still in fashion in 5-10 years.

All cryptocoins will be dead in 5-10 years? What would be the point of hard forking a coin again?

What I meant was that by then cryptocoin technology would have evolved so much that cryptocoins in their today's form, with all their disadvantages, would have little point to exist. Every coin alive will have moved on. Those without devs attention will be left behind with no POW feed. YAC would have undergone perhaps more than one hardforks if the devs are still active. The high inflation problem will pobably have been recognized and fixed. So talking about inflation reaching 5% in YAC's current life (in at least 33 years) is next to meaningless ... well maybe except in a cryptocoin mueseum.

YAC will suffer from great and nearly constant sell pressure throughout It's current life, and should not be treated as a credible currency. 

I remember a time when a lot of friends would just buy stock in Google. It was a seemingly no-risk investment that was guaranteed to go up. One would say there was constant buy pressure. There seemed to be an obvious trend. And well, it turned out you can't just look at a trend and predict the future that easily. I was buying up tons of LiteCoin until I got frustrated and sold 13,000 at $1.60. One week later, the price had skyrocketed to $48. There was constant sell pressure I swear... until the Chinese came in. It still definitely makes me sick to think how much I could have made, but that is speculation for you.

I agree that there will be expected and unexpected up and downs. It's conceivable that hash rate will go up and consequently inflation and sell pressure will go down for YAC. I am just pointing out that at low network hash rate the 100+% inflation (max=200%) , and sell pressure, are written in the code and unavoidable, unless behavior of market prices.

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August 08, 2014, 04:29:15 PM
 #2425

Greetings to the YAC community.
Bitcoinmegamart.com is now accepting payment for products in YAC
30,000 items and more being added each day. Will keep adding until 75000 items are reached.
Near wholesale prices on computer parts, pads, phones, smartwatches, drones, security systems , tattoo needles, You name it, the megamart will have it or get it for you.

Here's how to pay with YAC
You must have a Cryptsy account.  If you don't have one get one HERE
Find the item you want to purchase and place your order using the Cryptsy option.
Follow the instructions carefully. It's quite simple.
If YAC can make it onto Coinpayments.net, then it will be even simpler. So go vote YAC in!!

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August 08, 2014, 04:50:42 PM
 #2426

Thanks Roller24: I will test out your store soon. Just need to get some more YAC Smiley

I will either buy more soon or load up my wallet Smiley

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August 10, 2014, 03:47:54 PM
 #2427

Two huge miners on coinmine.pl are really taking over, they just dwarf everyone to oblivion...
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August 10, 2014, 05:33:00 PM
 #2428

Two huge miners on coinmine.pl are really taking over, they just dwarf everyone to oblivion...

Yeah, I noticed the difficultly jumped form 203 to 505 in about 48 hours.  Looks like someone wants some YACs while there easy to mine!

 

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Beave162
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August 13, 2014, 08:54:23 AM
 #2429

That was great until those miners just jumped off. I think that would be called a difficulty attack? It's important that anyone interested in the future YAC contributes to the hashrate!

I also urge people NOT to vote for YAC on CoinPayments. Why? YAC was already on CoinPayments, but it was removed because no one paid in YAC for months. I'm sure I could have convinced them to add it back, but I really don't think it would have done much good. It is frustrating to watch the multitude of exchanges now take the bribe-bitcoin and deslist a coin, stop adding coins, shutdown completely. I just think that bribe-money is much better spent simply buying YACoin on Cryptsy or contributing to the bounties.

YaCoin: YL5kf54wPPXKsXd5T18xCaNkyUsS1DgY7z 
BitCoin: 14PFbLyUdTyxZg3V8hnvj5VXkx3dhthmDj
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August 13, 2014, 06:33:12 PM
 #2430

That was great until those miners just jumped off. I think that would be called a difficulty attack? It's important that anyone interested in the future YAC contributes to the hashrate!

I also urge people NOT to vote for YAC on CoinPayments. Why? YAC was already on CoinPayments, but it was removed because no one paid in YAC for months. I'm sure I could have convinced them to add it back, but I really don't think it would have done much good. It is frustrating to watch the multitude of exchanges now take the bribe-bitcoin and deslist a coin, stop adding coins, shutdown completely. I just think that bribe-money is much better spent simply buying YACoin on Cryptsy or contributing to the bounties.

Well, I have to chime in here as a merchant that made a special exception for YAC on my bitcoinmegamart.com . Don't you be throwing stones at CoinPayments.net, it was the YAC community that did not participate by supporting the merchants who provide a vehicle in which your coin can actually become a spendable currency. Is that not the point of cybercurrency? 99% percent of people in these forums are only out to do one thing, Pump and Dump. I didn't bribe YAC or ask YAC for one coin, I set up a special payment method Just for YAC. I posted announcements at the YAC forum and here to let members know that they have a spendable coin on something besides YAC promotional novelties. One would think that at least one YACr would have come by a dropped 5-10$ on something. Not one.   Don't blame your communities apathy on folks trying to do good things for the cybercurrency community as a whole.
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August 13, 2014, 07:50:01 PM
 #2431

Well, I have to chime in here as a merchant that made a special exception for YAC on my bitcoinmegamart.com . Don't you be throwing stones at CoinPayments.net, it was the YAC community that did not participate by supporting the merchants who provide a vehicle in which your coin can actually become a spendable currency. Is that not the point of cybercurrency? 99% percent of people in these forums are only out to do one thing, Pump and Dump. I didn't bribe YAC or ask YAC for one coin, I set up a special payment method Just for YAC. I posted announcements at the YAC forum and here to let members know that they have a spendable coin on something besides YAC promotional novelties. One would think that at least one YACr would have come by a dropped 5-10$ on something. Not one.   Don't blame your communities apathy on folks trying to do good things for the cybercurrency community as a whole.

Perhaps that came across more hostile toward CoinPayments than intended. I love the concept of that site and what they have done. I said they probably would have added YAC back if I made the argument. I can't really blame them except they didn't set the rules on getting delisted ahead of time.

The good thing about paying in YAC is a perception of acceptance. With that said, I think getting on CoinPayments really wouldn't help the price--although it wouldn't hurt. Considering the marketcap and how dependent it is on bitcoin, I don't see why paying through the Cryptsy option or converting to bitcoin to pay is not just as good. It is just a question of what is cheaper in terms of fees. Because a vote costs bitcoin now, I definitely think that bitcoin is better spent elsewhere in support of YAC at this point.

YaCoin: YL5kf54wPPXKsXd5T18xCaNkyUsS1DgY7z 
BitCoin: 14PFbLyUdTyxZg3V8hnvj5VXkx3dhthmDj
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August 14, 2014, 04:04:25 AM
 #2432

I agree with roller in that we need to start buying things with Yac, instead of just mining/hoarding. I've put a link up on the website for bitcoinmegamart and also sent out a tweet.

In other news, Yacoin 0.4.4 has been officially released and can be downloaded from yacoin.org or github.
This release includes many updates by old c coder and the stake enhancements mentioned on the previous few pages by grokouser.

From here, we need to start thinking about what to do for 0.4.5!  There are many interesting suggestions that have been made and it's time now to look into the pros and cons of some of them and decide what, if anything, to implement.
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August 14, 2014, 10:13:49 AM
 #2433

I agree with roller in that we need to start buying things with Yac, instead of just mining/hoarding. I've put a link up on the website for bitcoinmegamart and also sent out a tweet.

In other news, Yacoin 0.4.4 has been officially released and can be downloaded from yacoin.org or github.
This release includes many updates by old c coder and the stake enhancements mentioned on the previous few pages by grokouser.

From here, we need to start thinking about what to do for 0.4.5!  There are many interesting suggestions that have been made and it's time now to look into the pros and cons of some of them and decide what, if anything, to implement.

Great news! Thanks a lot, Joe. I'm updating my wallet now. Sent you a tip for the amazing update (txid 5ec330bb774477ce641979455b81272aabdb6edbcf8909ec362d11c5ede63158)

Thanks you Groko, too! (txid 56af5a86657badb4730707dd0d51b17b2990a5c132aa8951da7551c080576cf7)
Thank you, oldccoder! (txid 8c8273ab2fe43712053c8f815bcb94e5544ed401228c81867cb1313a514f267c)

People can buy things with YAC--convert to BTC. Thanks to bitcoinmegamart for the promotion. Hopefully, more people will mine YAC , convert electricity to YAC and get discounts on buying items by doing so. I disagree on bribing (for lack of a better term) sites at this point because the resources could be put to better use elsewhere. I'll say it didn't seem to help UltraCoin at all. I'll save you my thoughts and theories as to what has the most influence on the price. But hey, that's the beauty of decentralized free market--individuals making their own decisions based on their own self-interest.

In the spirit of this discussion, I'm increasing the GIVE-A-WAY promo to 2000 YACoin per person and extended the deadline to 30 September. Please take my YAC!

https://forum.yacoin.org/index.php?topic=672.0

YaCoin: YL5kf54wPPXKsXd5T18xCaNkyUsS1DgY7z 
BitCoin: 14PFbLyUdTyxZg3V8hnvj5VXkx3dhthmDj
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August 14, 2014, 01:30:59 PM
 #2434

I agree with roller in that we need to start buying things with Yac, instead of just mining/hoarding. I've put a link up on the website for bitcoinmegamart and also sent out a tweet.

In other news, Yacoin 0.4.4 has been officially released and can be downloaded from yacoin.org or github.
This release includes many updates by old c coder and the stake enhancements mentioned on the previous few pages by grokouser.

From here, we need to start thinking about what to do for 0.4.5!  There are many interesting suggestions that have been made and it's time now to look into the pros and cons of some of them and decide what, if anything, to implement.

Great news! Thanks a lot, Joe. I'm updating my wallet now. Sent you a tip for the amazing update (txid 5ec330bb774477ce641979455b81272aabdb6edbcf8909ec362d11c5ede63158)

Thanks you Groko, too! (txid 56af5a86657badb4730707dd0d51b17b2990a5c132aa8951da7551c080576cf7)
Thank you, oldccoder! (txid 8c8273ab2fe43712053c8f815bcb94e5544ed401228c81867cb1313a514f267c)

People can buy things with YAC--convert to BTC. Thanks to bitcoinmegamart for the promotion. Hopefully, more people will mine YAC , convert electricity to YAC and get discounts on buying items by doing so. I disagree on bribing (for lack of a better term) sites at this point because the resources could be put to better use elsewhere. I'll say it didn't seem to help UltraCoin at all. I'll save you my thoughts and theories as to what has the most influence on the price. But hey, that's the beauty of decentralized free market--individuals making their own decisions based on their own self-interest.

In the spirit of this discussion, I'm increasing the GIVE-A-WAY promo to 2000 YACoin per person and extended the deadline to 30 September. Please take my YAC!

https://forum.yacoin.org/index.php?topic=672.0

Thanks Joe - I've been looking forward to this update to have the opportunity to finally mint some of my micro transactions!

Edit:  About 16 hours into minting with 0.4.4 and I've went form 3227 transactions in my wallet down to 1687 from the new 'merge' POS minting.  Its working great!

Edit:  At about 32 hours of minting and down to 733 transaction!  A 77% reduction!  Smiley

I created an active bounty list on YACointalk forum and added Beave's give-a-way.  I invite anyone to feel free to add/update the list. https://forum.yacoin.org/index.php?topic=692.0

For possible future wallet development - I'd like to throw the following on the table for consideration.  Some of the new POS 'only' (Reddcoin, Blackcoin, etc.) have this nifty arrow in the bottom of the QT wallet.  When the user hovers their mouse over it, it indicated there 'weight' and an estimation of how long it will take to mint.



Under the console they also have 'stakeweight' and 'netstakeweight' which is also interesting information.  I'm not sure how difficult it would be to 'import' these features, or if anyone else would find them useful, but I thought I would pass them along.  Smiley

 

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old c coder
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August 15, 2014, 04:13:02 AM
 #2435

...
Great news! Thanks a lot, Joe. I'm updating my wallet now. Sent you a tip for the amazing update (txid 5ec330bb774477ce641979455b81272aabdb6edbcf8909ec362d11c5ede63158)

Thanks you Groko, too! (txid 56af5a86657badb4730707dd0d51b17b2990a5c132aa8951da7551c080576cf7)
Thank you, oldccoder! (txid 8c8273ab2fe43712053c8f815bcb94e5544ed401228c81867cb1313a514f267c)

People can buy things with YAC--convert to BTC. Thanks to bitcoinmegamart for the promotion.
...
In the spirit of this discussion, I'm increasing the GIVE-A-WAY promo to 2000 YACoin per person and extended the deadline to 30 September. Please take my YAC!

https://forum.yacoin.org/index.php?topic=672.0
Thanks Beave162

Ron

BTC: 1DPvP6WoZzaNQ9Nxzd64hjYad1kyQzTTbx YAC: Y3ZggXDvnRJaRwtVGyGJwt6DMLN3EPQpQf 
The day is coming when a single carrot, freshly observed, will set off a revolution.  Paul Cezanne
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August 18, 2014, 02:46:59 PM
 #2436

Thanks as well Beave!
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August 21, 2014, 01:15:59 AM
 #2437


Thanks you Groko, too! (txid 56af5a86657badb4730707dd0d51b17b2990a5c132aa8951da7551c080576cf7)

Wow thanks Beave! Your gift feels very generous now that difficulty is over 500!

I was thinking of making a graphical chart for my explorer. My top 1000 chart stays up
to the minute with new blocks (http://explore.grokonet.com/?top1000=1), and it even handles
a deep block chain reorganize instantly. I was thinking it it might be cool to make an up to
the minute graphical chart. What kind of chart should I make? Keep in mind I don't have trade
or price data. I just have the block chain and address balances.  Any suggestions?
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August 21, 2014, 10:36:36 PM
 #2438

Since YAC and XSI have an afilliation, I thought I would post here that 2000 xsi are being awarded in a giveaway at bitcoinmegamart.com
Deadline for entry is in 5 or so hours so go enter to win. All entries will receive consolation gifts
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August 22, 2014, 01:16:53 PM
 #2439

Since YAC and XSI have an afilliation, I thought I would post here that 2000 xsi are being awarded in a giveaway at bitcoinmegamart.com
Deadline for entry is in 5 or so hours so go enter to win. All entries will receive consolation gifts


How are YACoin and XSI affiliated?  Or are you just promoting the giveaway on a common store?

YACMiner: https://github.com/Thirtybird/YACMiner  N-Factor information : https://docs.google.com/spreadsheet/ccc?key=0Aj3vcsuY-JFNdC1ITWJrSG9VeWp6QXppbVgxcm0tbGc&usp=drive_web#gid=0
BTC: 183eSsaxG9y6m2ZhrDhHueoKnZWmbm6jfC  YAC: Y4FKiwKKYGQzcqn3M3u6mJoded6ri1UWHa
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August 23, 2014, 05:06:10 AM
 #2440

That was great until those miners just jumped off. I think that would be called a difficulty attack? It's important that anyone interested in the future YAC contributes to the hashrate!

Those miners with big guns have left. For those who don't realize, the network is experiencing a difficulty shock. As reported by coinmine.pl the network is finding a block every 2.7minutes instead of 1min. Only 44 miners are left on coinmine.pl. It will take more than 800 blocks before the difficulty is adjusted again, from 0.0067 to aboutt 0.0025. Right now it is not very profitable to mine, not only becuase higher diff means lower per bolck reward, but also there are less blocks to pay miners. This will encourage more miners to leave, which would cause even lower network hash rage,  pushing the diff adjust time farther away to the future... this is bad. What could be worse is when the diff does decrease eventually, if the big time miners jump back and mine the hell out, finding a block every few seconds, and pushing the target diff through the roof. Then after a day all the easy blocks are mined, the network is adjusted to the high diff, the big miners leave, everyone else is facing a even worse long wait. The cycle goes on, worse and worse.

Maybe it is too early to call for  a long term cure such as the Kimoto Gravity Well. Let's see if the big time miners return when the diff goes down.

Incidentally only 30k YACs are mined everyday now, down from 100k/day when diff hovered around 0.004 a while back. I notice that YAC price has stablized in the period. There was even some increase in the last few days. This agrees with my conclusion that less new coin mined per day will mean less selling pressure, which in turn suggests that most YACs goes to mine-and-sell miners that don't have a long term interest in YAC.

BTC 1HxvAEC4nj37hyenz9DwsyrMMnkwzpbzno PPC PU6zS8RRBWP2UxhuRFengGsu8n4tEYB5xV XPM AJAgBpPjGQoL38mrtW91dVqhbMHqu25vfG
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