Bottlecaps 2.1 UPDATE REQUIRED - HARDFORK JULY 4 2014 to 200% Annual PoS

[Tranz]

Hello all.

I was wondering if there is any want in this community to increase the PoS interest. It is so low 1% and degrading over time, that is more of a detriment then an advantage that this level.

I am willing to code up a fork for a few months out, plus a few other key issues. Maybe some coin control, fast start, fast stake.

What % would we want to goto? Some poplar ones.


Mint 25 .
NVC 100 start, down to 40-50ish
PHS 50, I think still at 50
HBN 100, still 100
TEK 500.
CENT 1 bigilion?

I think doing something the 250% range could be fun. It would also degrade over difficulty, like HBN/NVC/PHS/TEK, so no out of control inflation. Could also slowly ram it up, add 10% each month till we go to target.

Anyway just a thought, would need a few people to help Q/C and test.

Edit: We should also get Mullick's attention/permission. He may not want this coin played with much.

Sounds cool.  This coin needs some lovin'. 

Although I don't think the slow ramp up is the best idea as it is a bit of a deterrent to getting involved (ie 'I'll just wait until next week/month/year to get involved, not worth my time now') compared to high initial rate that serves to attract people right now...which is what CAP needs.

Not sure if Mullick cares at all anymore, never responds to anybodies questions here and never responds whenever I have mentioned CAP related things on Cryptsy chat.

Fair enough, I was thinking the slow ramp up just to be fair to everyone.

If you do see Mullick, please see if you can get him to at least comment, and say yes or no. I'll try the same.

[Lauda]

How long has it been since the last update?

[flound1129]

Hello all.

I was wondering if there is any want in this community to increase the PoS interest. It is so low 1% and degrading over time, that is more of a detriment then an advantage that this level.

I am willing to code up a fork for a few months out, plus a few other key issues. Maybe some coin control, fast start, fast stake.

What % would we want to goto? Some poplar ones.


Mint 25 .
NVC 100 start, down to 40-50ish
PHS 50, I think still at 50
HBN 100, still 100
TEK 500.
CENT 1 bigilion?

I think doing something the 250% range could be fun. It would also degrade over difficulty, like HBN/NVC/PHS/TEK, so no out of control inflation. Could also slowly ram it up, add 10% each month till we go to target.

Anyway just a thought, would need a few people to help Q/C and test.

Edit: We should also get Mullick's attention/permission. He may not want this coin played with much.

Mullick gave me permission to take over the coin, as the community we can do whatever we like with it (within reason, obviously).  I have the checkpoint key.

I would like to increase the PoS, however the coin is already at all time lows, I think we need to address the stability of the network before increasing PoS.

The current priorities should be to stabilize the network, get the wallet upgrade to the latest NVC source, if possible (Need someone to help with this, I can give you git access.), and get a block explorer up and running.  Then we can start a new thread with the new info (new github, block explorer, addnodes, etc.).

[Tranz]

Hello all.

I was wondering if there is any want in this community to increase the PoS interest. It is so low 1% and degrading over time, that is more of a detriment then an advantage that this level.

I am willing to code up a fork for a few months out, plus a few other key issues. Maybe some coin control, fast start, fast stake.

What % would we want to goto? Some poplar ones.


Mint 25 .
NVC 100 start, down to 40-50ish
PHS 50, I think still at 50
HBN 100, still 100
TEK 500.
CENT 1 bigilion?

I think doing something the 250% range could be fun. It would also degrade over difficulty, like HBN/NVC/PHS/TEK, so no out of control inflation. Could also slowly ram it up, add 10% each month till we go to target.

Anyway just a thought, would need a few people to help Q/C and test.

Edit: We should also get Mullick's attention/permission. He may not want this coin played with much.

Mullick gave me permission to take over the coin, as the community we can do whatever we like with it (within reason, obviously).  I have the checkpoint key.

I would like to increase the PoS, however the coin is already at all time lows, I think we need to address the stability of the network before increasing PoS.

The current priorities should be to stabilize the network, get the wallet upgrade to the latest NVC source, if possible (Need someone to help with this, I can give you git access.), and get a block explorer up and running.  Then we can start a new thread with the new info (new github, block explorer, addnodes, etc.).

Since the CP has been running again, how is the stability? I think the more hash and the more people we get staking the more secure and stable the network becomes.

What are the key issues right now?

As far as moving this towards the newest version of NVC, maybe difficult. There are many forks since this was created. Some of which CAPs may not want.  Such as max reward for stake.

A Block explorer is needed.

[presstab]

Syncing worked for me after I got a good list of addnodes. What type of networking problems are happening and is a checkpoint server really necessary?  I say this because in my opinion peer to peer is safer than centralized... In theory.

[snaidervp]

i'm so pleased to see great ppl like tranz and flound on this.

i hope you work well together for the brighter future of CAPs.

Mr Tranz, coin control feature is at least to say awesome and is a must for every pos coin imo.

i have a suggestion about the specs of the coin. Just like Peercoin (the father of all pos) hard cap should be removed. Pow block generation could last like todays coincap 5000000 coins and then pos blocks continue keeping the network alive.
Pos reward. Starting point 10% adding 10% every x number of blocks till it reaches 100% and then degrade over difficulty.
Also transaction fees should be destroyed.

Just my 2 Hbn... ooopss i mean 2 caps 

[ghostlander]

NVC is much different now from what it used to be a year ago. Decide where you want to go with PoW and PoS first.

[presstab]

NVC is much different now from what it used to be a year ago. Decide where you want to go with PoW and PoS first.

I agree. I don't think it is a great decision to try and patch all of the changes from NVC into CAP.  HBN actually is a clone of CAP but has had strategic updates made by Tranz that has made the coin more stable, more functional, and much more fun.

[presstab]

Mr Tranz, coin control feature is at least to say awesome and is a must for every pos coin imo.

I just compiled a working exe from the original bottlecaps source. It seems to be syncing fine, but I will wait to make sure it syncs to the correct chain before celebrating. If it is synced on the correct chain I could add coin control to it without too much of a hassle.

That being said, if this coin stays at a 1% PoS rate, it wouldn't really be worth much time spending on the wallet. How soon could the community realistically reach consensus on changing things in main.cpp and kernel.cpp?  It seems like right now the CAP community is in slow motion, at least compared to the other coins I follow.

[Tranz]

Mr Tranz, coin control feature is at least to say awesome and is a must for every pos coin imo.

I just compiled a working exe from the original bottlecaps source. It seems to be syncing fine, but I will wait to make sure it syncs to the correct chain before celebrating. If it is synced on the correct chain I could add coin control to it without too much of a hassle.

That being said, if this coin stays at a 1% PoS rate, it wouldn't really be worth much time spending on the wallet. How soon could the community realistically reach consensus on changing things in main.cpp and kernel.cpp?  It seems like right now the CAP community is in slow motion, at least compared to the other coins I follow.

I am going to work on the wallet over the next few days/weeks. I plan to do a few things. Coin Control among them, but if you want to do that, that would be cool. Save me the trouble. If not no biggie.

I don't see much of a reason to change PoW, at least now.  

I DO want to increase the PoS.  Unless I hear major objections, here is what I am going to code.

After the wallet is officially released the PoS will increase until we hit the Max of 200%
Day 1 - 30 Max PoS stays at 1%
Day 31- 60 Max Pos increases to 50%
Day 61 - 90 Max Pos increases to 100%
Day 91 - 120 Max PoS increases to 150%
Day 120+ Max PoS will be 200%

I figured this will give everyone a clear opportunity to participate and allow people do their own due diligence on the code as well.

If people do not want this, fine, but I don't want to waste much time working on the wallet when it doesn't do PoW or PoS particularly well.

So speak now or forever hold your peace.

Thanks !

P.S. flound1129 do you have the alert key as well?

[MarketNeutral]

This coin needs vitality. I'm with Tranz on this one.

[presstab]

Love your ideas Tranz.  Do you think it is best to stay with a 30 day stake?

[sandpaper]

I am coming over from HBN. I will start supporting this coin. I like a 10-15 day stake. Holding coins for longer than that feels like I can't use them for anything other than staking.

[tokyoghetto]

Love your ideas Tranz.  Do you think it is best to stay with a 30 day stake?

30 day stake is long IMO. You need to really have discipline, especially with TEK. I think anywhere from 10-15 days is a nice balance.

[Tranz]

Love your ideas Tranz.  Do you think it is best to stay with a 30 day stake?

Good question. I was only just thinking about this. I would say since we are dealing with 1 min block time, perhaps moving this to 15/45 might be better.

[MarketNeutral]

I like that staking time varies from coin to coin. It helps with diversifying vis-a-vis liquidity and velocity. TEK, CAP, HBN, etc—they all have their strengths and weaknesses, which the broader stake hunters seem keenly aware of.

[MarketNeutral]

I'm thinking CAP should go with a staking period somewhere between HBN and TEK.

[tokyoghetto]

These are my thoughts:

1. keep the hard cap (this is VERY IMPORTANT)
2. increase the PoS like Tranz suggested (its all experimental after all right? stand back we are attempting economic science!)
3. 15/30 min/max (or something around there)
4. coin-control
5. Fee-destruction (always a nice touch)
6. unick block explorer/richlist (3rd party block explorer support + richlist to see market share and distribution)
7.
8. 1 million market cap

[presstab]

These are my thoughts:

1. keep the hard cap (this is VERY IMPORTANT)
2. increase the PoS like Tranz suggested (its all experimental after all right? stand back we are attempting economic science!)
3. 15/30 min/max (or something around there)
4. coin-control
5. Fee-destruction (always a nice touch)
6. unick block explorer/richlist (3rd party block explorer support + richlist to see market share and distribution)
7.
8. 1 million market cap

3 - I think Tranz suggestion of 15/45 is a better combination. The reason being is that small stake holders won't be crowded out from staking as easily.  If holders of small blocks are patient, there blocks will continue to build weight for 45 days.  This is the difference between a block of 1 maxing out at a weight of 30 or 45. I think the better it is for new comers the better it is for the coin.  Also smaller blocks connected to the network help with network security.

6 - we can see if Unick has any interest in operating another explorer if we can get a bounty for him to do so.

7 - I have a crazy feeling that the magic element will be.... drum roll.... Tranz

[Tranz]

These are my thoughts:

1. keep the hard cap (this is VERY IMPORTANT)

There is no hard cap. It is an illusion.