[ANN][PHS][50% PoS] PhilosopherStone | NoPremine |10 month Dist | 1.6.4.1

[digeros]

the diff on this coin is all over the place. It should be smoothed like PPC or something like Kimotos gravity well. I gave up on trying to gpu mine PHS and I just buy it up now. the hash rate swings + the diff swings doesnt really make this coin attractive. Fix the diff and you will see more dedicated miners.

gpu mine PHS??? Solo?? HAHA!  POOL?? MAybe! what?

Go and study up on POS systems to see why PPC is so much smoother in it difficulty swings... All of THIS is CONTROLLED by MATH not by the Creator or any other person or corporation with a market that is open and honest (cryptsy) so if you don't understand the math... shut up until you do. Who said that coins are supposed to make miners money... they are "currency" for exchange of value, if you dont like the volatility go back to FIAT  PS the great advantage of POS Coins is THAT DO NOT REQUIRE POW miner/Whiners to have transactions verified - digeros

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[digeros]

Shrank these a bit for those with smaller screens

This is the one I like -digeros

[CryptoCoinSolutions]

We could use more ... feedback on what logos and images we should go with, or actual images to put into client.

A list of sizes, the exact dimensions that are needed for the logo graphics with the targets being nearly the largest required, and the smallest required would be very helpful.

======== LARGE to SMALL (in pixel height and width dimensions) ================

1. Splash graphic for Wallet App
2.
3.
4.
5.
6.
7.
8.
9. System Tray Icon

[Palmdetroit]

http://cryptsy.wikidot.com/phs  now has some info on it.

One thing I noticed is that philosopher stone is unclear initially what it is exactly when people might first look at
that page.
What I mean is, that it is unclear that philosopher stone is a coin like bitcoin, and users have to read a bit to try and
learn about PHS first, whereas some of the other coins seem to give a clearer message right away with their name and logo.
Don't get me wrong, I am not negative about PHS, but just noticed this is all, but in fact PHS has pluses that other coins do not have such as a long term POS plan that people may like.

What I think is that PHS may benefit from a logo that makes it clearer right away that it is a crypto-currency somehow, or somehow a coin.

Look at the new netcoin logo, and they had it made by some professional artist.
Maybe PHS might consider getting a pro to make the coin/logo ??
http://oi41.tinypic.com/2akaix.jpg

See how netcoin has literally placed their logo directly onto a coin? That is what PHS might consider doing as well, to make it clearer to people that PHS is a coin or is a crypto-coin.

Yes if you want to describe it for your perspective that might be good. I though we should go with Stones this time not coins - make it a commodity or income producing asset long term, but really the PoS seems too confusing, at least when I try to explain how it works? Name should go with PhilosopherStone to keep it consistent , right now I'm trying to clean up code to all the inconsistencies.

We did get some submissions for Zorro - who did datacoin and others - I will post the images on one of beginning threads to look at- or see here.

https://bitcointalk.org/index.php?topic=292720.msg4318530#msg4318530

[digeros]

http://cryptsy.wikidot.com/phs  now has some info on it.

One thing I noticed is that philosopher stone is unclear initially what it is exactly when people might first look at
that page.
What I mean is, that it is unclear that philosopher stone is a coin like bitcoin, and users have to read a bit to try and
learn about PHS first, whereas some of the other coins seem to give a clearer message right away with their name and logo.
Don't get me wrong, I am not negative about PHS, but just noticed this is all, but in fact PHS has pluses that other coins do not have such as a long term POS plan that people may like.

What I think is that PHS may benefit from a logo that makes it clearer right away that it is a crypto-currency somehow, or somehow a coin.

Look at the new netcoin logo, and they had it made by some professional artist.
Maybe PHS might consider getting a pro to make the coin/logo ??
http://oi41.tinypic.com/2akaix.jpg

See how netcoin has literally placed their logo directly onto a coin? That is what PHS might consider doing as well, to make it clearer to people that PHS is a coin or is a crypto-coin. ( or maybe put the logo onto a rock to be unique, but that will not indicate it is a crypto though )

Does PHS have a website of its own?

Quote: Maybe PHS might consider getting a pro to make the coin/logo ??
http://oi41.tinypic.com/2akaix.jpg

How about contributing to the DEVELOPMENT and Promotions FUND ( Which are worth about $5 now !!!)  Quit believing that Developers own or Control coins... these are independent creatures (coins) that are unleashed on the world and when they are true fair launch (like PHS) there is no premining to pay for development or web development or a foundation organization.  Palm Detroit has been DONATING HIS TIME & HIS MONEY TO DEVELOP the CODE.  Digeros has been donating his time & money to help with marketing and promotion.

Website: http://philosopherscrypt.com/  (if you dont like it build one yourself) - digeros

[slowgin222]

Shrank these a bit for those with smaller screens


http://phstones.com/mobile/zor3.jpg

This is the one I like -digeros

+1 Looks great. It's good to see people are still working on this coin. I thought it might be dying for awhile based on the website and lack of social media presence. Is anyone working on a facebook/twitter?

[digeros]

Shrank these a bit for those with smaller screens

This is the one I like -digeros

+1 Looks great. It's good to see people are still working on this coin. I thought it might be dying for awhile based on the website and lack of social media presence. Is anyone working on a facebook/twitter?

FB: https://www.facebook.com/philosophers.crypt
twit: https://twitter.com/VoiceofTheCrypt
@VoiceofTheCrypt

[hashc]

Shrank these a bit for those with smaller screens


http://phstones.com/mobile/zor3.jpg

This is the one I like -digeros

That looks cool, but personally I think it would look better if the octaeder would be more noticeable.

[Noob_one]

What do you think of this logo?
It is a coin made of stone.

https://i.imgur.com/mehquVO.jpg

[rdcpsi]

I like the squared circle triangle, over the milky way galaxy type concept.


https://bitcointalk.org/index.php?topic=292720.msg4318530#msg4318530

+1

[Digicoiner]

This 50% PoS minting seems too good.  Aren't there any drawbacks to such a high mining interest?  What happens to PoS when the limit of coin production is reached?

[Palmdetroit]

This 50% PoS minting seems too good.  Aren't there any drawbacks to such a high mining interest?  What happens to PoS when the limit of coin production is reached?

50% is if there is no transactions (ie> losses of fees and coinstakeage), everyone stakes optimally, and other factors, it's really not possible to approach 50%. What the actual % eventually is remains to be seen.

It's much higher on some other coins 100% or even much more. so far it hasn't really been an issue as you can see in current supply after 6+months. There is the potential of heavy transactions taking place sometime in the future resulting in large fee destruction.  You can actually see this happen now on occasion with a large transfer, the money supply actually goes down (if fees >  reward).

As far raising/lowering limits, this can be adjusted with a vote of miners/stakeholders to increase or decrease limits/ or other parameters (sometime in future if need arises). I feel if PHS ever needs a 'fork'' ie adjustment .. it can be decided by super-majority.

[Digicoiner]

This 50% PoS minting seems too good.  Aren't there any drawbacks to such a high mining interest?  What happens to PoS when the limit of coin production is reached?

50% is if there is no transactions (ie> losses of fees and coinstakeage), everyone stakes optimally, and other factors, it's really not possible to approach 50%. What the actual % eventually is remains to be seen.

It's much higher on some other coins 100% or even much more. so far it hasn't really been an issue as you can see in current supply after 6+months. There is the potential of heavy transactions taking place sometime in the future resulting in large fee destruction.  You can actually see this happen now on occasion with a large transfer, the money supply actually goes down (if fees >  reward).

As far raising/lowering limits, this can be adjusted with a vote of miners/stakeholders to increase or decrease limits/ or other parameters (sometime in future if need arises). I feel if PHS ever needs a 'fork'' ie adjustment .. it can be decided by super-majority.

Thanks for the info. Whch coins offer 100%+ in PoS minting? 

It seems too easy to just invest a lot of money in the coin and sit back and collect new minted coins.  If the market value goes down and stays down then I'm in trouble but it not then I benefit from the minted coins.  In this respect it's similar to some high risk bond or ETF that pays a high percentage but the unit price can fluctuate a lot.

[Palmdetroit]

This 50% PoS minting seems too good.  Aren't there any drawbacks to such a high mining interest?  What happens to PoS when the limit of coin production is reached?

50% is if there is no transactions (ie> losses of fees and coinstakeage), everyone stakes optimally, and other factors, it's really not possible to approach 50%. What the actual % eventually is remains to be seen.

It's much higher on some other coins 100% or even much more. so far it hasn't really been an issue as you can see in current supply after 6+months. There is the potential of heavy transactions taking place sometime in the future resulting in large fee destruction.  You can actually see this happen now on occasion with a large transfer, the money supply actually goes down (if fees >  reward).

As far raising/lowering limits, this can be adjusted with a vote of miners/stakeholders to increase or decrease limits/ or other parameters (sometime in future if need arises). I feel if PHS ever needs a 'fork'' ie adjustment .. it can be decided by super-majority.

Thanks for the info. Whch coins offer 100%+ in PoS minting?  

It seems too easy to just invest a lot of money in the coin and sit back and collect new minted coins.  If the market value goes down and stays down then I'm in trouble but it not then I benefit from the minted coins.  In this respect it's similar to some high risk bond or ETF that pays a high percentage but the unit price can fluctuate a lot.

Yep, I also forgot to mention that exchanges (and others) usually don't have stake running for obvious reasons, so that's another ~10-20%(perhaps more) of money supply not creating inflation. This is actually likely the biggest offset to the '50%'

Also, if you buy PoS vrs PoW cryptos, you can always just put them in wallet and create stakes if market goes the wrong way for you, and wait it out or just have a steady income every 5-10 days(PHS) to sell off (or compound). And yes its very similar and i suspect many use the stake return for a steady income. You might want to start small to see how it works in real-time (or use testnet which is hundreds of times faster) .

[WalkerLi]

This 50% PoS minting seems too good.  Aren't there any drawbacks to such a high mining interest?  What happens to PoS when the limit of coin production is reached?

50% is if there is no transactions (ie> losses of fees and coinstakeage), everyone stakes optimally, and other factors, it's really not possible to approach 50%. What the actual % eventually is remains to be seen.

It's much higher on some other coins 100% or even much more. so far it hasn't really been an issue as you can see in current supply after 6+months. There is the potential of heavy transactions taking place sometime in the future resulting in large fee destruction.  You can actually see this happen now on occasion with a large transfer, the money supply actually goes down (if fees >  reward).

As far raising/lowering limits, this can be adjusted with a vote of miners/stakeholders to increase or decrease limits/ or other parameters (sometime in future if need arises). I feel if PHS ever needs a 'fork'' ie adjustment .. it can be decided by super-majority.

Thanks for the info. Whch coins offer 100%+ in PoS minting?  

It seems too easy to just invest a lot of money in the coin and sit back and collect new minted coins.  If the market value goes down and stays down then I'm in trouble but it not then I benefit from the minted coins.  In this respect it's similar to some high risk bond or ETF that pays a high percentage but the unit price can fluctuate a lot.

Yep, I also forgot to mention that exchanges (and others) usually don't have stake running for obvious reasons, so that's another ~10-20%(perhaps more) of money supply not creating inflation. This is actually likely the biggest offset to the '50%'

Also, if you buy PoS vrs PoW cryptos, you can always just put them in wallet and create stakes if market goes the wrong way for you, and wait it out or just have a steady income every 5-10 days(PHS) to sell off (or compound). And yes its very similar and i suspect many use the stake return for a steady income. You might want to start small to see how it works in real-time (or use testnet which is hundreds of times faster) .

I have some PHS in wallet since Jan 7th, but still can't get the pos reward, why?

[cryptohunter]

This 50% PoS minting seems too good.  Aren't there any drawbacks to such a high mining interest?  What happens to PoS when the limit of coin production is reached?

50% is if there is no transactions (ie> losses of fees and coinstakeage), everyone stakes optimally, and other factors, it's really not possible to approach 50%. What the actual % eventually is remains to be seen.

It's much higher on some other coins 100% or even much more. so far it hasn't really been an issue as you can see in current supply after 6+months. There is the potential of heavy transactions taking place sometime in the future resulting in large fee destruction.  You can actually see this happen now on occasion with a large transfer, the money supply actually goes down (if fees >  reward).

As far raising/lowering limits, this can be adjusted with a vote of miners/stakeholders to increase or decrease limits/ or other parameters (sometime in future if need arises). I feel if PHS ever needs a 'fork'' ie adjustment .. it can be decided by super-majority.

Thanks for the info. Whch coins offer 100%+ in PoS minting?  

It seems too easy to just invest a lot of money in the coin and sit back and collect new minted coins.  If the market value goes down and stays down then I'm in trouble but it not then I benefit from the minted coins.  In this respect it's similar to some high risk bond or ETF that pays a high percentage but the unit price can fluctuate a lot.

Yep, I also forgot to mention that exchanges (and others) usually don't have stake running for obvious reasons, so that's another ~10-20%(perhaps more) of money supply not creating inflation. This is actually likely the biggest offset to the '50%'

Also, if you buy PoS vrs PoW cryptos, you can always just put them in wallet and create stakes if market goes the wrong way for you, and wait it out or just have a steady income every 5-10 days(PHS) to sell off (or compound). And yes its very similar and i suspect many use the stake return for a steady income. You might want to start small to see how it works in real-time (or use testnet which is hundreds of times faster) .

I have some PHS in wallet since Jan 7th, but still can't get the pos reward, why?

wallet encrypted?

[WalkerLi]

This 50% PoS minting seems too good.  Aren't there any drawbacks to such a high mining interest?  What happens to PoS when the limit of coin production is reached?

50% is if there is no transactions (ie> losses of fees and coinstakeage), everyone stakes optimally, and other factors, it's really not possible to approach 50%. What the actual % eventually is remains to be seen.

It's much higher on some other coins 100% or even much more. so far it hasn't really been an issue as you can see in current supply after 6+months. There is the potential of heavy transactions taking place sometime in the future resulting in large fee destruction.  You can actually see this happen now on occasion with a large transfer, the money supply actually goes down (if fees >  reward).

As far raising/lowering limits, this can be adjusted with a vote of miners/stakeholders to increase or decrease limits/ or other parameters (sometime in future if need arises). I feel if PHS ever needs a 'fork'' ie adjustment .. it can be decided by super-majority.

Thanks for the info. Whch coins offer 100%+ in PoS minting?  

It seems too easy to just invest a lot of money in the coin and sit back and collect new minted coins.  If the market value goes down and stays down then I'm in trouble but it not then I benefit from the minted coins.  In this respect it's similar to some high risk bond or ETF that pays a high percentage but the unit price can fluctuate a lot.

Yep, I also forgot to mention that exchanges (and others) usually don't have stake running for obvious reasons, so that's another ~10-20%(perhaps more) of money supply not creating inflation. This is actually likely the biggest offset to the '50%'

Also, if you buy PoS vrs PoW cryptos, you can always just put them in wallet and create stakes if market goes the wrong way for you, and wait it out or just have a steady income every 5-10 days(PHS) to sell off (or compound). And yes its very similar and i suspect many use the stake return for a steady income. You might want to start small to see how it works in real-time (or use testnet which is hundreds of times faster) .

I have some PHS in wallet since Jan 7th, but still can't get the pos reward, why?

wallet encrypted?

No

[Palmdetroit]

Did you send any coins out of the wallet since then?, or done any transfers (this can reset them), also did you set reserve balance option?

If  no on these , Pm me What version + trans# or address, if possible..

[Revelations86]

Is there a client for Mac?

[WalkerLi]

Did you send any coins out of the wallet since then?, or done any transfers (this can reset them), also did you set reserve balance option?

If  no on these , Pm me What version + trans# or address, if possible..

I have 1060 coins ago, and transferred out 1K days ago, leave 60 coin in my wallet, these 60 coin's age has been reset 0 too? I think I don't move them in the whole period, why their age reset with the 1K coin?