Bitcoin Forum
August 15, 2018, 03:49:35 AM *
News: Latest stable version of Bitcoin Core: 0.16.2  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 [78] 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 ... 269 »
  Print  
Author Topic: HoboNickels - HBN - High Fast Stake - Version 2.0! More Secure, Less Intensive  (Read 409950 times)
ofeefee
Legendary
*
Offline Offline

Activity: 1064
Merit: 1001


Tokenize Fantasy Sports


View Profile
April 28, 2014, 10:28:11 PM
 #1541

Personally I think seeding your wallet with 100-1000 coin blocks,depending on your wallet size, and leaving them stake for a few months before combining them is good.

I both use multiple-wallets and I use different address in the same wallet. Both have advantages and disadvantages.  Just make sure you keep good backups of your newly generated wallets.

Here is how I create a multiple wallet. RPC commands

1) loadwallet newwallet
2) usewallet newwallet keypoolrefill 500
3) usewallet newwallet backupwallet /c/walletbackups


This will create a new wallet called wallet-newallet.dat, then fill it with 500 more keys, then backup it up. This is a good procedure for creating a wallet and making sure it is backed-up right away. With 500 keys, it will be sometime before they are used up. So your backup is good for a while.

These commands can take a min or so, so just be patient.




tranz, what are the keys used for?  only if you generate additional addresses correct, or these are used during transactions?

▄▄▄███████▄▄▄
▄▄████▒▒▒▒▒▒▒▒▒████▄▄
▄███▒▒▒▒█████████▒▒▒▒███▄
▄██▒▒▒█████████████████▒▒▒██▄
██▒▒████████████████████▒▒██
██▒▒████████▄▄███▄▄████████▒▒██
██▒▒███████████████████████████▒▒██
██▒▒███████████████████████████▒▒██
██▒▒██████████▀▀▀▀▀▀▀█▀▀█████████▒▒██
██▒▒████████████████████████████▒▒██
██▒▒████████▄███████▄████████████▒▒██
██▒▒████████▀███▀▀▀▀▀████████████▒▒██
██▒▒███████▄███████▄███████████▒▒██
██▒▒███████▀▀███▀▀▀▀███████████▒▒██
██▒▒██████████████▄██████████▒▒██
██▒▒███████████▀▀▀█████████▒▒██
▀██▒▒▒█████▄████▄██████▒▒▒██▀
▀███▒▒▒▒█████████▒▒▒▒███▀
▀▀████▒▒▒▒▒▒▒▒▒████▀▀
▀▀▀███████▀▀▀
.STRYKZ     THE TOKEN FOR ALL FOOTBALL FANS.
..TOKENISING FANTASY SPORTS▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬....











█████████████▄
██   ▄▄   ██▀██▄
██ ▄█▀▀█▄ ██▒▒▀██▄
██ ▀█▄▄█▀ ██▒▒▒▒▀██
██   ▀▀   █████████
██  ▄▄▄▄▄▄▄▄▄▄▄  ██
██  ▄▄▄▄▄▄▄▄▄▄▄  ██
██  ▄▄▄▄▄▄▄▄▄▄▄  ██
██  ▄▄▄▄▄▄▄▄▄▄▄  ██
██  ▄▄▄▄▄▄▄▄▄▄▄  ██
██               ██
███████████████████
Whitelist
WHITELIST
BOUNTIES












▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
▄████████████████████████▄
▄██████████████████▀▀▀█████▄
█████████████▀▀▀      ██████
████████▀▀▀       ▄    ███████
█████▄         ▄█▀    ████████
████████▄    ▄█▀      ████████
███████████▄█▀       █████████
████████████  ▄     ████████
▀███████████ ███▄  ████████▀
▀████████████████████████▀
▀████████████████████▀
▀████████████████▀
▀▀████████▀▀
MEDIUM
FACEBOOK
YOUTUBE
[                      █     █     █
                      ██▄ ▄███▄ ▄██
                       ███████████
                       ███████████
                        ▄▄▄▄▄▄▄ ▄▄
                       ████████ ██
                      ▄███████▀ ███
                      ████▄▄▄▄▄ ███
                      ▀███████▀  ██
                      █████▄▄▄▄▄
                      ▀████████▀
                       ▀████▄▄▄▄
                         ▀█████▀
STRYKING
]
1534304975
Hero Member
*
Offline Offline

Posts: 1534304975

View Profile Personal Message (Offline)

Ignore
1534304975
Reply with quote  #2

1534304975
Report to moderator
1534304975
Hero Member
*
Offline Offline

Posts: 1534304975

View Profile Personal Message (Offline)

Ignore
1534304975
Reply with quote  #2

1534304975
Report to moderator
1534304975
Hero Member
*
Offline Offline

Posts: 1534304975

View Profile Personal Message (Offline)

Ignore
1534304975
Reply with quote  #2

1534304975
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1534304975
Hero Member
*
Offline Offline

Posts: 1534304975

View Profile Personal Message (Offline)

Ignore
1534304975
Reply with quote  #2

1534304975
Report to moderator
1534304975
Hero Member
*
Offline Offline

Posts: 1534304975

View Profile Personal Message (Offline)

Ignore
1534304975
Reply with quote  #2

1534304975
Report to moderator
Tranz
Legendary
*
Offline Offline

Activity: 1400
Merit: 1052


May the force bit with you.


View Profile
April 28, 2014, 10:49:42 PM
 #1542

Personally I think seeding your wallet with 100-1000 coin blocks,depending on your wallet size, and leaving them stake for a few months before combining them is good.

I both use multiple-wallets and I use different address in the same wallet. Both have advantages and disadvantages.  Just make sure you keep good backups of your newly generated wallets.

Here is how I create a multiple wallet. RPC commands

1) loadwallet newwallet
2) usewallet newwallet keypoolrefill 500
3) usewallet newwallet backupwallet /c/walletbackups


This will create a new wallet called wallet-newallet.dat, then fill it with 500 more keys, then backup it up. This is a good procedure for creating a wallet and making sure it is backed-up right away. With 500 keys, it will be sometime before they are used up. So your backup is good for a while.

These commands can take a min or so, so just be patient.




tranz, what are the keys used for?  only if you generate additional addresses correct, or these are used during transactions?

Yes when you generate a new addresses.  Also when you send and you receive change, it will use a new address from yoru wallet to receive the change.

HBN: https://bitcointalk.org/index.php?topic=303749.0 hobonickels.info
Personal Donations: F1TranzWqFGZyFeTMu6iLbtTQgdXuJPsiL
Donations to the HBN Fund: EhbNfund4PrRFLHMxsnbGLhP25hizJGHEE or 1LVFtCX4a83dMLjd8S7imKKKC58QaG83kw
broken_pixel
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500



View Profile
April 29, 2014, 01:17:43 AM
 #1543

From what the majority of people seem to be saying, it sounds like having a small number of massive chunks (ie 1x 2000 coins) is better than many smaller chunks. It seems the speed increase you get by consolidating outweighs the benefit of the seemingly more compound interest that you would expect to get with many small chunks.

I just consolidated all my coins to test this theory a bit.

I keep my default wallet around 3,000+ with deposits from pools going in daily or weekly. My reserve wallets are 1K HBN and my trade wallet I keep around 1.5k HBN. 1,000 HBN will birth about 30- 36 HBN for me when split into different wallets.

GA-990FXA-UD5, 1x 7970L, 2x S1, AX1200i, RIVBE, 2x R290x, NEX1500, BTC: 1G9cQix8bMgh35MQ9wY3Rb9yNSSCtnoRmK, DGC: DFo9FcKYsutv9Vx5c5xUzkrt7VJdECZWTM, LTC: LaAN33aktPGaimN5ALL9kjHjuJekfmKfTh
semajjames
Hero Member
*****
Offline Offline

Activity: 526
Merit: 500


View Profile
April 29, 2014, 11:04:34 AM
 #1544

Hi
   I have 3 minning rigs all running on one LAN

Now if i want to Solo mine hbn straight to a wallet do i have to install the wallet on each of the minning pc's or can i install the wallet just once on a 4th pc and have the 3 minners use the one wallet on the 4th pc 

thanks
unick
Sr. Member
****
Offline Offline

Activity: 476
Merit: 254


View Profile
April 29, 2014, 11:56:09 AM
 #1545

Hi
   I have 3 minning rigs all running on one LAN

Now if i want to Solo mine hbn straight to a wallet do i have to install the wallet on each of the minning pc's or can i install the wallet just once on a 4th pc and have the 3 minners use the one wallet on the 4th pc  

thanks

You need to have one pc (not on the miners) running the client

in the HoboNickels.con file of that pc running the client, you should add the rpcallowip= for each ip of your rigs (if you are on the same subnet, I believe you can use wildcards like rpcallowip=192.168.1.*).  If you are behind a router, you only need to put your public IP there.

Then on your rigs, simply add a pool and put the IP as the url from the pc running the client and the rpcport= (like URL:PORT) the username password will be the rpcusername= and rpcpassword= from that same config file


Newly mined block rewards will be on the wallet from that pc, you can then transfer those coins back to your main wallet when they mature.

Awesome Explorers for Awesome Coins | Show some BTC love here: 1AAYAZgaz2me7hyumexUZzcyGRZEYtCx5C
HoboNickels: hbn.blockx.info | BottleCaps: cap.blockx.info | GrowthCoin: grw.blockx.info
dogechode
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
April 29, 2014, 01:10:50 PM
 #1546

Tranz I don't quite understand why you need to specify that you want 500 keys assigned when you create a wallet. I did not do this (I didn't specify anything I just created a second wallet using buttons/menus not by typing commands. Am I going to run into a problem?
semajjames
Hero Member
*****
Offline Offline

Activity: 526
Merit: 500


View Profile
April 29, 2014, 01:50:02 PM
 #1547

Hi
   I have 3 minning rigs all running on one LAN

Now if i want to Solo mine hbn straight to a wallet do i have to install the wallet on each of the minning pc's or can i install the wallet just once on a 4th pc and have the 3 minners use the one wallet on the 4th pc  

thanks

You need to have one pc (not on the miners) running the client

in the HoboNickels.con file of that pc running the client, you should add the rpcallowip= for each ip of your rigs (if you are on the same subnet, I believe you can use wildcards like rpcallowip=192.168.1.*).  If you are behind a router, you only need to put your public IP there.

Then on your rigs, simply add a pool and put the IP as the url from the pc running the client and the rpcport= (like URL:PORT) the username password will be the rpcusername= and rpcpassword= from that same config file


Newly mined block rewards will be on the wallet from that pc, you can then transfer those coins back to your main wallet when they mature.


thanks
in this .conf file why is there two different ports OR is it a mistake


listen=1
daemon=1
server=1
rpcuser=*your hobo name*
rpcpassword=*Your hobo  quote*
port=7372
rpcport=7373
rpcconnect=127.0.0.1
addnode=5.249.152.30
brother3
Hero Member
*****
Offline Offline

Activity: 672
Merit: 500


BUILDERIUM


View Profile
April 29, 2014, 05:01:34 PM
 #1548

Hi
   I have 3 minning rigs all running on one LAN

Now if i want to Solo mine hbn straight to a wallet do i have to install the wallet on each of the minning pc's or can i install the wallet just once on a 4th pc and have the 3 minners use the one wallet on the 4th pc  

thanks

You need to have one pc (not on the miners) running the client

in the HoboNickels.con file of that pc running the client, you should add the rpcallowip= for each ip of your rigs (if you are on the same subnet, I believe you can use wildcards like rpcallowip=192.168.1.*).  If you are behind a router, you only need to put your public IP there.

Then on your rigs, simply add a pool and put the IP as the url from the pc running the client and the rpcport= (like URL:PORT) the username password will be the rpcusername= and rpcpassword= from that same config file


Newly mined block rewards will be on the wallet from that pc, you can then transfer those coins back to your main wallet when they mature.


thanks
in this .conf file why is there two different ports OR is it a mistake


listen=1
daemon=1
server=1
rpcuser=*your hobo name*
rpcpassword=*Your hobo  quote*
port=7372
rpcport=7373
rpcconnect=127.0.0.1
addnode=5.249.152.30

not a mistake
7373 is the port you solo with

⚫▶      BUILDERIUM 
.Creating the future you desire, one bid at a time.

    ██
    ██
    ██
    ██
█  ██
█  ██
█  ██
█  ██
█  ██
█  ██
█  ██
.YOUR RELIABLE PLATFORM FOR SKILLED &.
.QUALITY CONSTRUCTION CLIENTS & CONTRACTORS.

    ██
    ██
    ██
    ██
█  ██
█  ██
█  ██
█  ██
█  ██
█  ██
█  ██


▄▄████████▄▄
▄████████████████▄
▄██████████▀▀▀▀██████▄
▄█████████▀     ███████▄
▄██████████   ███████████▄
█████████▀▀   ▀▀██████████
█████████       ██████████
███████████   ████████████
███████████   ████████████
▀██████████   ███████████▀
▀█████████   ██████████▀
▀████████████████████▀
▀████████████████▀
▀▀████████▀▀


▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
▄██████████████▀▀▀█████▄
▄█████ ▀███████     ▀▄███▄
██████   ▀▀█▀▀      ▄█████
███████              █████
████████             █████
█████████▄          ██████
▀████████▀        ▄██████▀
▀███▀▀        ▄▄███████▀
▀████████████████████▀
▀████████████████▀
▀▀████████▀▀


▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
▄████████████████▀▀▀███▄
▄███████████▀▀▀      ████▄
██████▀▀▀       ▄    █████
███▄         ▄█▀    ██████
██████▄    ▄█▀      ██████
█████████▄█▀       ███████
▀██████████  ▄     ██████▀
▀█████████ ███▄  ██████▀
▀████████████████████▀
▀████████████████▀
▀▀████████▀▀










unick
Sr. Member
****
Offline Offline

Activity: 476
Merit: 254


View Profile
April 29, 2014, 06:52:49 PM
 #1549

Hi
   I have 3 minning rigs all running on one LAN

Now if i want to Solo mine hbn straight to a wallet do i have to install the wallet on each of the minning pc's or can i install the wallet just once on a 4th pc and have the 3 minners use the one wallet on the 4th pc  

thanks

You need to have one pc (not on the miners) running the client

in the HoboNickels.con file of that pc running the client, you should add the rpcallowip= for each ip of your rigs (if you are on the same subnet, I believe you can use wildcards like rpcallowip=192.168.1.*).  If you are behind a router, you only need to put your public IP there.

Then on your rigs, simply add a pool and put the IP as the url from the pc running the client and the rpcport= (like URL:PORT) the username password will be the rpcusername= and rpcpassword= from that same config file


Newly mined block rewards will be on the wallet from that pc, you can then transfer those coins back to your main wallet when they mature.


thanks
in this .conf file why is there two different ports OR is it a mistake


listen=1
daemon=1
server=1
rpcuser=*your hobo name*
rpcpassword=*Your hobo  quote*
port=7372
rpcport=7373
rpcconnect=127.0.0.1
addnode=5.249.152.30

not a mistake
7373 is the port you solo with

that's correct, you need to point your miners to the IP:rpcport of the wallet described above. The other port setting is for the listening port connecting to other nodes on the network.

Awesome Explorers for Awesome Coins | Show some BTC love here: 1AAYAZgaz2me7hyumexUZzcyGRZEYtCx5C
HoboNickels: hbn.blockx.info | BottleCaps: cap.blockx.info | GrowthCoin: grw.blockx.info
brother3
Hero Member
*****
Offline Offline

Activity: 672
Merit: 500


BUILDERIUM


View Profile
April 30, 2014, 12:45:09 AM
 #1550


My first stake ever !  Feels like a proud papa  Grin


⚫▶      BUILDERIUM 
.Creating the future you desire, one bid at a time.

    ██
    ██
    ██
    ██
█  ██
█  ██
█  ██
█  ██
█  ██
█  ██
█  ██
.YOUR RELIABLE PLATFORM FOR SKILLED &.
.QUALITY CONSTRUCTION CLIENTS & CONTRACTORS.

    ██
    ██
    ██
    ██
█  ██
█  ██
█  ██
█  ██
█  ██
█  ██
█  ██


▄▄████████▄▄
▄████████████████▄
▄██████████▀▀▀▀██████▄
▄█████████▀     ███████▄
▄██████████   ███████████▄
█████████▀▀   ▀▀██████████
█████████       ██████████
███████████   ████████████
███████████   ████████████
▀██████████   ███████████▀
▀█████████   ██████████▀
▀████████████████████▀
▀████████████████▀
▀▀████████▀▀


▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
▄██████████████▀▀▀█████▄
▄█████ ▀███████     ▀▄███▄
██████   ▀▀█▀▀      ▄█████
███████              █████
████████             █████
█████████▄          ██████
▀████████▀        ▄██████▀
▀███▀▀        ▄▄███████▀
▀████████████████████▀
▀████████████████▀
▀▀████████▀▀


▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
▄████████████████▀▀▀███▄
▄███████████▀▀▀      ████▄
██████▀▀▀       ▄    █████
███▄         ▄█▀    ██████
██████▄    ▄█▀      ██████
█████████▄█▀       ███████
▀██████████  ▄     ██████▀
▀█████████ ███▄  ██████▀
▀████████████████████▀
▀████████████████▀
▀▀████████▀▀










presstab
Legendary
*
Offline Offline

Activity: 1316
Merit: 1000


Pivx Core Developer - HyperStake Founder


View Profile
April 30, 2014, 03:12:37 AM
 #1551


My first stake ever !  Feels like a proud papa  Grin



My first stake I remember thinking "it worked, it actually worked!"

presstab's Block Explorer Service | available for most coins! | Richlist w/ Address Claim | Market Cap Charts | Stake Weight Tracking | PoS % Rate Tracking
PIVX - Private Instant Verified Tx | HyperStake - Fun & Easy High Reward Staking
Tranz
Legendary
*
Offline Offline

Activity: 1400
Merit: 1052


May the force bit with you.


View Profile
April 30, 2014, 03:16:06 AM
 #1552

Tranz I don't quite understand why you need to specify that you want 500 keys assigned when you create a wallet. I did not do this (I didn't specify anything I just created a second wallet using buttons/menus not by typing commands. Am I going to run into a problem?

Most likely no.. Especially if are primarily staking and not much sending/receiving. You can always top up the keypool and then back it up. The larger the keypool the more keys are in you wallet, the more transactions it can do before it is necessary to back it up again.

This applies for every coin out there.

HBN: https://bitcointalk.org/index.php?topic=303749.0 hobonickels.info
Personal Donations: F1TranzWqFGZyFeTMu6iLbtTQgdXuJPsiL
Donations to the HBN Fund: EhbNfund4PrRFLHMxsnbGLhP25hizJGHEE or 1LVFtCX4a83dMLjd8S7imKKKC58QaG83kw
dogechode
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
April 30, 2014, 02:30:42 PM
 #1553

Tranz I don't quite understand why you need to specify that you want 500 keys assigned when you create a wallet. I did not do this (I didn't specify anything I just created a second wallet using buttons/menus not by typing commands. Am I going to run into a problem?

Most likely no.. Especially if are primarily staking and not much sending/receiving. You can always top up the keypool and then back it up. The larger the keypool the more keys are in you wallet, the more transactions it can do before it is necessary to back it up again.

This applies for every coin out there.

When you say back it up, do you mean back up the wallet? I back up all my wallets obsessively. Does backing it up do something related to the keys? Sorry I really am not familiar with the inner workings of coin wallets...
unick
Sr. Member
****
Offline Offline

Activity: 476
Merit: 254


View Profile
April 30, 2014, 03:33:57 PM
 #1554

Tranz I don't quite understand why you need to specify that you want 500 keys assigned when you create a wallet. I did not do this (I didn't specify anything I just created a second wallet using buttons/menus not by typing commands. Am I going to run into a problem?

Most likely no.. Especially if are primarily staking and not much sending/receiving. You can always top up the keypool and then back it up. The larger the keypool the more keys are in you wallet, the more transactions it can do before it is necessary to back it up again.

This applies for every coin out there.

When you say back it up, do you mean back up the wallet? I back up all my wallets obsessively. Does backing it up do something related to the keys? Sorry I really am not familiar with the inner workings of coin wallets...

yes.

When you ask for a new address in the client, it does not create a new address on the fly, it takes it from the key pool most likely generated when you first created your wallet.  By default it creates 100 addresses (or 101, I'm not sure). 

If you always reuse the same address, you'll never use up all the keypool's addresses. But if you need let's say 200 addresses, you need to generate the missing addresses.

What happens is that the keypool will now contain 200 addresses but your backup will still have only 100 addresses.  Now if something goes wrong and you used addresses between 100 and 200. They won't be backed up and you might lose the coins sent to those address.

That's why Tranz said that when you generate a new set of addresses, it is good practice to back up the wallet right after they have been generated to make sure you have in a safe place all your private/public key pair.


Try to play with the RPC command dumpwallet. You will visually see in a text file, all your keys and this will make more sense.  It's also a nice way to print out your keypool and physically store it in a safe place.

Awesome Explorers for Awesome Coins | Show some BTC love here: 1AAYAZgaz2me7hyumexUZzcyGRZEYtCx5C
HoboNickels: hbn.blockx.info | BottleCaps: cap.blockx.info | GrowthCoin: grw.blockx.info
tricass
Sr. Member
****
Offline Offline

Activity: 394
Merit: 250


Crypto enthusiast


View Profile
April 30, 2014, 04:38:57 PM
 #1555

tranz,

wanted to get your opinion on Reddcoin's new innovation Proof of Stake Velocity (PoSV)

dogechode
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
April 30, 2014, 05:36:09 PM
 #1556

tranz,

wanted to get your opinion on Reddcoin's new innovation Proof of Stake Velocity (PoSV)

I wouldn't get too excited about it. They can't seem to provide any meaningful information in the "whitepapers" and when questioned about the basic functionality they explain like a politician.

They have been asked if their system would just encourage people to send coins back and forth between addresses they control, and the response was basically "oh no they won't need to do that, there wouldn't be a reason to" but then they say "the system rewards users who make transactions." So in other words this garbage will launch, and people will just send back and forth between their own addresses and abuse it, and the whole thing will be a clusterfuck.
Tranz
Legendary
*
Offline Offline

Activity: 1400
Merit: 1052


May the force bit with you.


View Profile
April 30, 2014, 09:30:14 PM
 #1557



Try to play with the RPC command dumpwallet. You will visually see in a text file, all your keys and this will make more sense.  It's also a nice way to print out your keypool and physically store it in a safe place.

dumpwallet is a good way to see your keys. This is also in the GUI under File->Export Wallet

HBN: https://bitcointalk.org/index.php?topic=303749.0 hobonickels.info
Personal Donations: F1TranzWqFGZyFeTMu6iLbtTQgdXuJPsiL
Donations to the HBN Fund: EhbNfund4PrRFLHMxsnbGLhP25hizJGHEE or 1LVFtCX4a83dMLjd8S7imKKKC58QaG83kw
Tranz
Legendary
*
Offline Offline

Activity: 1400
Merit: 1052


May the force bit with you.


View Profile
April 30, 2014, 09:31:51 PM
 #1558

tranz,

wanted to get your opinion on Reddcoin's new innovation Proof of Stake Velocity (PoSV)

I wouldn't get too excited about it. They can't seem to provide any meaningful information in the "whitepapers" and when questioned about the basic functionality they explain like a politician.

They have been asked if their system would just encourage people to send coins back and forth between addresses they control, and the response was basically "oh no they won't need to do that, there wouldn't be a reason to" but then they say "the system rewards users who make transactions." So in other words this garbage will launch, and people will just send back and forth between their own addresses and abuse it, and the whole thing will be a clusterfuck.

Once the code is released, I'll have a look.  But if it is anything like rewarding people for sending coins, all you are going to get a bloated block chain.

HBN: https://bitcointalk.org/index.php?topic=303749.0 hobonickels.info
Personal Donations: F1TranzWqFGZyFeTMu6iLbtTQgdXuJPsiL
Donations to the HBN Fund: EhbNfund4PrRFLHMxsnbGLhP25hizJGHEE or 1LVFtCX4a83dMLjd8S7imKKKC58QaG83kw
presstab
Legendary
*
Offline Offline

Activity: 1316
Merit: 1000


Pivx Core Developer - HyperStake Founder


View Profile
May 01, 2014, 02:09:02 AM
 #1559

tranz,

wanted to get your opinion on Reddcoin's new innovation Proof of Stake Velocity (PoSV)

I wouldn't get too excited about it. They can't seem to provide any meaningful information in the "whitepapers" and when questioned about the basic functionality they explain like a politician.

They have been asked if their system would just encourage people to send coins back and forth between addresses they control, and the response was basically "oh no they won't need to do that, there wouldn't be a reason to" but then they say "the system rewards users who make transactions." So in other words this garbage will launch, and people will just send back and forth between their own addresses and abuse it, and the whole thing will be a clusterfuck.

Once the code is released, I'll have a look.  But if it is anything like rewarding people for sending coins, all you are going to get a bloated block chain.

The last thing HBN needs is adding more bloat to the chain. I was thinking about txcomments but then got to thinking that it adds extra bloat.

presstab's Block Explorer Service | available for most coins! | Richlist w/ Address Claim | Market Cap Charts | Stake Weight Tracking | PoS % Rate Tracking
PIVX - Private Instant Verified Tx | HyperStake - Fun & Easy High Reward Staking
brother3
Hero Member
*****
Offline Offline

Activity: 672
Merit: 500


BUILDERIUM


View Profile
May 01, 2014, 02:54:44 AM
 #1560

tranz,

wanted to get your opinion on Reddcoin's new innovation Proof of Stake Velocity (PoSV)

I wouldn't get too excited about it. They can't seem to provide any meaningful information in the "whitepapers" and when questioned about the basic functionality they explain like a politician.

They have been asked if their system would just encourage people to send coins back and forth between addresses they control, and the response was basically "oh no they won't need to do that, there wouldn't be a reason to" but then they say "the system rewards users who make transactions." So in other words this garbage will launch, and people will just send back and forth between their own addresses and abuse it, and the whole thing will be a clusterfuck.

I can't believe they call that "innovation"!!!
What a freakin' mess  Grin

⚫▶      BUILDERIUM 
.Creating the future you desire, one bid at a time.

    ██
    ██
    ██
    ██
█  ██
█  ██
█  ██
█  ██
█  ██
█  ██
█  ██
.YOUR RELIABLE PLATFORM FOR SKILLED &.
.QUALITY CONSTRUCTION CLIENTS & CONTRACTORS.

    ██
    ██
    ██
    ██
█  ██
█  ██
█  ██
█  ██
█  ██
█  ██
█  ██


▄▄████████▄▄
▄████████████████▄
▄██████████▀▀▀▀██████▄
▄█████████▀     ███████▄
▄██████████   ███████████▄
█████████▀▀   ▀▀██████████
█████████       ██████████
███████████   ████████████
███████████   ████████████
▀██████████   ███████████▀
▀█████████   ██████████▀
▀████████████████████▀
▀████████████████▀
▀▀████████▀▀


▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
▄██████████████▀▀▀█████▄
▄█████ ▀███████     ▀▄███▄
██████   ▀▀█▀▀      ▄█████
███████              █████
████████             █████
█████████▄          ██████
▀████████▀        ▄██████▀
▀███▀▀        ▄▄███████▀
▀████████████████████▀
▀████████████████▀
▀▀████████▀▀


▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
▄████████████████▀▀▀███▄
▄███████████▀▀▀      ████▄
██████▀▀▀       ▄    █████
███▄         ▄█▀    ██████
██████▄    ▄█▀      ██████
█████████▄█▀       ███████
▀██████████  ▄     ██████▀
▀█████████ ███▄  ██████▀
▀████████████████████▀
▀████████████████▀
▀▀████████▀▀










Pages: « 1 ... 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 [78] 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 ... 269 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!