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

[solarion]

I keep asking cryptsy for an eta, but they still don't have one...It's been 5 days. A hamster could've fixed the problem by now. Not the least bit impressed with cryptsy's response. At least they've finally stopped claiming the problem is on my end. It feels like progress.

I messaged them ~2 days ago to pause PHS to limit any possible issues with the recent fork, and have been waiting for explorers / users to update. I will notify them regardless very soon since I understand the frustration, but fwiw my experience with cryptsy has been fine in the past. Coinex is also an option, and currently active I sent a message about the update.

(there is about 20 nodes on the fork as of this post, and I see 170+ correct) this is slowly improving.

Thank you for explaining. I misinterpreted your last post on this subject. I trust your judgment on this.

[Palmdetroit]

I keep asking cryptsy for an eta, but they still don't have one...It's been 5 days. A hamster could've fixed the problem by now. Not the least bit impressed with cryptsy's response. At least they've finally stopped claiming the problem is on my end. It feels like progress.

I messaged them ~2 days ago to pause PHS to limit any possible issues with the recent fork, and have been waiting for explorers / users to update. I will notify them regardless very soon since I understand the frustration, but fwiw my experience with cryptsy has been fine in the past. Coinex is also an option, and currently active I sent a message about the update.

(there is about 20 nodes on the fork as of this post, and I see 170+ correct) this is slowly improving.

Thank you for explaining. I misinterpreted your last post on this subject. I trust your judgment on this.

Thanks, I understand with the history of all the hacks/scams and other shenanigans in cryptos why everyone wants to hold their coins.

[solarion]

Thanks, I understand with the history of all the hacks/scams and other shenanigans in cryptos why everyone wants to hold their coins.

x2 when it's the best PoS coin around. I want them in my wallet...making baby stones.

[DKdance]

Don't forget PHS added on Mintpal Vote List. Mintpal is one front-runner xchange: https://www.mintpal.com/voting (firefox: ctr + f PHS)

[Xenopus]

My repaired wallet just minted new stones, I'm happy to report.

[DKdance]

My repaired wallet just minted new stones, I'm happy to report.

Happy to hear that welcome in da train !

I post it to promote minting with PHS ^^

[mighty jol]

new client syncyng was even faster than before, really happy this has ssl thing has been fixed asap.
new stakes coming in ^^ ; I am buying new stones every week now

[mxn]

I messaged them ~2 days ago to pause PHS to limit any possible issues with the recent fork, and have been waiting for explorers / users to update. I will notify them regardless very soon since I understand the frustration, but fwiw my experience with cryptsy has been fine in the past. Coinex is also an option, and currently active I sent a message about the update.

Do you know if a PHS deposit to cryptsy is working?

Thanks pointing out an alternative, but reading the scam warning chat and thin order size on Coinex made me better avoid it.
Cryptsy still my first choice, they working good since a year, just the support may slow and many peoples coinage worst now...

So until my PHS is stuck, i beg for a little donation to see how the wallet is minting, thanks: 9p4G916CnzKeq3RCGRn6tdwkDFeu7xzPP6

[Palmdetroit]

I messaged them ~2 days ago to pause PHS to limit any possible issues with the recent fork, and have been waiting for explorers / users to update. I will notify them regardless very soon since I understand the frustration, but fwiw my experience with cryptsy has been fine in the past. Coinex is also an option, and currently active I sent a message about the update.

Do you know if a PHS deposit to cryptsy is working?

Thanks pointing out an alternative, but reading the scam warning chat and thin order size on Coinex made me better avoid it.
Cryptsy still my first choice, they working good since a year, just the support may slow and many peoples coinage worst now...

So until my PHS is stuck, i beg for a little donation to see how the wallet is minting, thanks: 9p4G916CnzKeq3RCGRn6tdwkDFeu7xzPP6

Even though there are some forked clients (20-25) out there still (and 1 explorer is on it and 1 is stuck) I have contacted Cryptsy with the updated source information, so should be up and running soon. What is this about scam warning chat? you mean on the site? I haven't actually used coinex for many months but was unaware.

[solarion]

Coinex has been locking withdrawals on various coins without warning. This after the theft and shutdown which they seemed to recover from(I got every bitcent out at this point). When they re-opened trading 11 days after their most recent theft they failed to clear their order books which was umm...really really dumb to put it bluntly. I pretty much stopped following them after that.

Thanks for the headsup on cryptsy!

[tokyoghetto]

sweet I can't wait to get my PHS out of cryptsy.

Price is also starting to rise a bit.

[Palmdetroit]

Coinex has been locking withdrawals on various coins without warning. This after the theft and shutdown which they seemed to recover from(I got every bitcent out at this point). When they re-opened trading 11 days after their most recent theft they failed to clear their order books which was umm...really really dumb to put it bluntly. I pretty much stopped following them after that.

Thanks for the headsup on cryptsy!

wow, ya thanks for the headsup as well, I remember them shutting down for a few days some time ago and thought they were gone for good, I'll have to read up on current event.

also added mintpal to main post on this thread for voting.

[mxn]

As soon withdraw/deposit is fixed on cryptsy a higher volume (up or down?) can be expect.

A few more exchanges would be nice, i am voting for PHS on https://www.mintpal.com/voting

Btw. i had my thinking on the the optimum rate of stake by guessing ca. half of it will be fresh liquidity for the markets.
Only time will tell how lower or higher interest as with Blackcoin (1%) or Mintcoin (20/15/10/5%) will perform,
but PHS makes me a perfect answer to Mr. Ackermann (Banker), who insolently claimed 25% for his biz.

[Palmdetroit]

As soon withdraw/deposit is fixed on cryptsy a higher volume (up or down?) can be expect.

A few more exchanges would be nice, i am voting for PHS on https://www.mintpal.com/voting

Btw. i had my thinking on the the optimum rate of stake by guessing ca. half of it will be fresh liquidity for the markets.
Only time will tell how lower or higher interest as with Blackcoin (1%) or Mintcoin (20/15/10/5%) will perform,
but PHS makes me a perfect answer to Mr. Ackermann (Banker), who insolently claimed 25% for his biz.

I watch most of the PoS based coins to see real world examples, as its very interesting to me long term. 50% sounds high traditionally when comparing to 'real world assets' ie. savings accounts, bonds, stocks, etc... in cryptos, however,  you factor in lost days from tx's, exchanges and pools not staking, and the big tx fee destruction (right now its .01 per tx or 1 stone per 100tx standard tx, lost or forgotten paswords/wallets, And you get closer to 15% or less?  Just monitor current money supply and come to your own conclusion, will we hit 2 million at 1 year?  Compare this to bitcoin inflation 2nd year was 100%!

 1% with fee destruction and you'll have deflationary crypto. If we went PoS only, stone creation would be very very low, too low really (for now), it may already be a liquidity problem and why high money supply coins have been doing quite well. (blackcoin 75 million is even small to some of these newer ones)

Ultimately, It's really up to the userbase, PHS is open source and open for other developers too. I think even a reduction to 25% and removal of PoW would keep the stone supply constant. Factors such as increase TX usage would make it deflationary even now quite easily (with larger adoption or even a simple site like dice).


as far as my estimates based on some querries run on the chain, about 80-90% of pow created stones are sold very quickly, with 10-20% of PoS being sold. IE stakers tend to reinvest, miners tend to sell.

[kingscrown]

the new wallet has same problem. it got stuck.

[Palmdetroit]

the new wallet has same problem. it got stuck.

If it seems stuck at near then end for some time, you can try to stop client and restart and see if it works. If not,

Muzzargh resolved similar 'stuck' issue going to http://dns.phstones.com  (gets a fresh list of 50 good nodes) , paste them into .conf and run wallet.

[mxn]

As soon withdraw/deposit is fixed on cryptsy a higher volume (up or down?) can be expect.

A few more exchanges would be nice, i am voting for PHS on https://www.mintpal.com/voting

Btw. i had my thinking on the the optimum rate of stake by guessing ca. half of it will be fresh liquidity for the markets.
Only time will tell how lower or higher interest as with Blackcoin (1%) or Mintcoin (20/15/10/5%) will perform,
but PHS makes me a perfect answer to Mr. Ackermann (Banker), who insolently claimed 25% for his biz.

I watch most of the PoS based coins to see real world examples, as its very interesting to me long term. 50% sounds high traditionally when comparing to 'real world assets' ie. savings accounts, bonds, stocks, etc... in cryptos, however,  you factor in lost days from tx's, exchanges and pools not staking, and the big tx fee destruction (right now its .01 per tx or 1 stone per 100tx standard tx, lost or forgotten paswords/wallets, And you get closer to 15% or less?  Just monitor current money supply and come to your own conclusion, will we hit 2 million at 1 year?  Compare this to bitcoin inflation 2nd year was 100%!

 1% with fee destruction and you'll have deflationary crypto. If we went PoS only, stone creation would be very very low, too low really (for now), it may already be a liquidity problem and why high money supply coins have been doing quite well. (blackcoin 75 million is even small to some of these newer ones)

Ultimately, It's really up to the userbase, PHS is open source and open for other developers too. I think even a reduction to 25% and removal of PoW would keep the stone supply constant. Factors such as increase TX usage would make it deflationary even now quite easily (with larger adoption or even a simple site like dice).


as far as my estimates based on some querries run on the chain, about 80-90% of pow created stones are sold very quickly, with 10-20% of PoS being sold. IE stakers tend to reinvest, miners tend to sell.

"miners tend to sell" this made ie. Freicoin are very hard standing, wonder how all the srypts will survive...
Interesting facts, seeing PHS in more or less certain price regions over many months manifesting your arguments.
Just be clear, claiming the double of a more and more destructive biz feels like the right thing to do, without irony 50% are fine for now.

[Palmdetroit]

"miners tend to sell" this made ie. Freicoin are very hard standing, wonder how all the srypts will survive...
Interesting facts, seeing PHS in more or less certain price regions over many months manifesting your arguments.
Just be clear, claiming the double of a more and more destructive biz feels like the right thing to do, without irony 50% are fine for now.

Well with PHS and ASIC we can turn off PoW mining when the need arises 

Yes increased TXs or we also could increase fees ( which would make it less appealing for microtransactions but better for stakes/long term saving).

[solarion]

Dood you gotta take it easy. You make other coin devs look bad.

[PhoneBloks]

Why is PHS only coin I invest in for last months ?

1, It has 50 % yearly interest
2, It was found in middle of 2013 ? (I think)
3, PalmDetroit as a developer does great job here every day. He updates wallet, help us with our questions, fixes bugs.
4, SImilar to 2nd point - PHS is one of the oldest coins, so it has its reputation, its no another "pump-dump" coin


Thats why I dont sell my PHS or its "interest" .. and thank to all buyers who drove price to 21000 in last weeks. PHS is maybe only coin which value increased in last weeks ... (if I dont mention some "new" pump-dump coin)

So thank you very much PalmDetroit, keep up the good work, count on me, I hold PHS as a solid investment and hope we can reach new price highs soon