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Author Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico  (Read 438978 times)
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thundertoe
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October 07, 2015, 07:32:02 PM
 #4181

A hardfork to fix this pos diff manipulation will penalize microstakers you have been warned.


What amount is considered a microstake? Under 1000?

I would say everything that is smaller then 100 - is very small, but impacts the difficulty levels the most!
peace

I would say anything under 1k, a min stake number is being considered along with a flat rate high diff system. If this fork is rolled out everyone with block size under the min will forced to combine and lose all the coinage, or not stake at all.
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October 07, 2015, 07:39:18 PM
 #4182

A hardfork to fix this pos diff manipulation will penalize microstakers you have been warned.

Then I will hold my staking for now  Cheesy
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October 07, 2015, 09:06:39 PM
 #4183

A hardfork to fix this pos diff manipulation will penalize microstakers you have been warned.


What amount is considered a microstake? Under 1000?

I would say everything that is smaller then 100 - is very small, but impacts the difficulty levels the most!
peace

I would say anything under 1k, a min stake number is being considered along with a flat rate high diff system. If this fork is rolled out everyone with block size under the min will forced to combine and lose all the coinage, or not stake at all.

That sounds reasonable to me of course since what I stake everyday is over 1k

 I do hope that others in the community with smaller amounts give feedback though.

 

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October 07, 2015, 10:15:22 PM
 #4184

For the sake of getting rid of small blocks, would it be possible to add a combine threshold / split threshold option (i.e. like what has been done with the CAP wallet)? This could be really helpful to control the splitting of blocks after staking, and avoid at the same time a difficulty rise...
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October 07, 2015, 10:41:07 PM
 #4185

For the sake of getting rid of small blocks, would it be possible to add a combine threshold / split threshold option (i.e. like what has been done with the CAP wallet)? This could be really helpful to control the splitting of blocks after staking, and avoid at the same time a difficulty rise...
Split threshold is already there, combine threshold will not solve the problem in case if someone doing that deliberately - can always set low threshold and keep flooding the network with small blocks.

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October 08, 2015, 12:12:33 AM
 #4186

A hardfork to fix this pos diff manipulation will penalize microstakers you have been warned.

While this may be the case if done wrong, it would be mitigated by the CON code that has the smaller blocks compete together...

i.e.

1,000 TEK broken up into 1 TEK blocks would compete together and stake as a single 1,000 coin block and then spit out 2 blocks at 500+ 1/2 stake times two.  This would remove quite a lot of small blocks.

This is just my opinion.  I have 100k+ coins and will continue to for the foreseeable future so take my opinion as you see fit.

This space not for rent...
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October 08, 2015, 04:06:02 AM
 #4187

For the sake of getting rid of small blocks, would it be possible to add a combine threshold / split threshold option (i.e. like what has been done with the CAP wallet)? This could be really helpful to control the splitting of blocks after staking, and avoid at the same time a difficulty rise...
Split threshold is already there, combine threshold will not solve the problem in case if someone doing that deliberately - can always set low threshold and keep flooding the network with small blocks.

Could someone please explain how I can apply the split threshold in the TEK wallet? I would like to make sure that none of my blocks split, but that they just keep growing. Thanks.

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October 08, 2015, 09:46:09 AM
 #4188

For the sake of getting rid of small blocks, would it be possible to add a combine threshold / split threshold option (i.e. like what has been done with the CAP wallet)? This could be really helpful to control the splitting of blocks after staking, and avoid at the same time a difficulty rise...
Split threshold is already there, combine threshold will not solve the problem in case if someone doing that deliberately - can always set low threshold and keep flooding the network with small blocks.

Could someone please explain how I can apply the split threshold in the TEK wallet? I would like to make sure that none of my blocks split, but that they just keep growing. Thanks.


add "splitthreshold=15000" to tekcoin.conf
15000 is the maximum

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October 08, 2015, 10:28:36 PM
 #4189

hi tekheads
Is there any ideas of when we shall wait for hard fork? cant wait really Smiley
peace
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October 09, 2015, 07:28:30 AM
 #4190

hi tekheads
Is there any ideas of when we shall wait for hard fork? cant wait really Smiley
peace

I can't wait for the hard fork to happen either. It would improve staking so much. TEK is one of the strongest POS coins with a lot of staying power and the hard fork will strengthen its position even more. Kudos to Thundertoe for his work on TEK.
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October 09, 2015, 10:20:34 AM
 #4191

Diff is up again. I guess certain users think they can get an advantage by forcing it up on purpose. A user named Bitmaster1(cryptsy) or Chantha(google hangouts) is been reported to me as trying to game the Tek system in this way. Force diff up all month until he wants to stake his large wallets. He attempted this same thing with Hyperstake possibly effecting that diff as well.


Cryptsy again! Cryptsy's Mullick didn't refute Thundertoe's allegation in a later post, but tried to laugh it off. Very funny. Not!  Angry  Other altcoins have long suspected Cryptsy of raking off POS payments from coins deposited on the Cryptsy exchange along with price manipulation. Cryptsy flood the market with the POS coins they have creamed off, pushing the price down, again punishing ordinary investors. The moral of the story is don't keep TEK on Cryptsy for longer than 30 days, although it might be a little too late for that.

Cryptsy are not the company they once were. Have you noticed how Cryptsy is not being upfront about its new transaction fees? I'm not surprised that Cryptsy is being investigated by the authorities. If Cryptsy are to blame for the increased POS difficulty for ordinary investors, let's fight fire with fire. How about contacting all POS coins with a crash Cryptsy campaign - and tell the other exchanges what we are doing?
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October 09, 2015, 05:46:37 PM
 #4192

Cryptsy isnt staking or microstaking, some users are. Plus coinfire is a joke.
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October 09, 2015, 06:03:10 PM
 #4193

Cryptsy isnt staking or microstaking, some users are. Plus coinfire is a joke.

I totally disagree about coinfire. Biased, dishonest, idiotic and frequently painful, but not a joke. Jokes are funny.

Buy Bitcoins with Paypal, Credit card, or other methods. Send me a PM or a text to 208-451-2665.
VentureC
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October 09, 2015, 06:07:05 PM
 #4194

Cryptsy isnt staking or microstaking, some users are. Plus coinfire is a joke.

I totally disagree about coinfire. Biased, dishonest, idiotic and frequently painful, but not a joke. Jokes are funny.

@Biomech, your remark was funny though, LOL  Grin    Funny AND true!

vancefox
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October 09, 2015, 06:56:17 PM
 #4195

Coinfire gets to hang their hat on the GAW fiasco as of now so their reporting gets a little bit of blind faith.  With that said, Cryptsy is not exactly the best exchange... far from it... but it is one of the largest and, for most alt coins, the only way to either buy in or sell out of your position besides user<->user.

As far as the whole difficulty thing goes...

  • you want a lot of smaller blocks (25-) for the security of the block chain which decreases the PoS rate...
  • you want as few blocks as possible (1000+) for the lowest difficulty which increases the PoS rate but decreases overall security of the blockchain...

Pick your poison.

This is my opinion.

This space not for rent...
bastilar
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October 09, 2015, 07:01:54 PM
 #4196

Under 1000 is not fair.

I've been getting into tekcoin recently and the most i can buy every day is around 500 TEK per 24hours, which is currently how much I'm investing.

Losing all my coinage (and maybe the reward?) for daily buying of tekcoin would penalize new people like me. And because I have to wait 30 days to starting minting, I'd rather not hold my tekcoin at crypsty an extra day or two just to meet the minimum stake block size.

I was under the impression that blocks combined when staking if age was 30 days or more too like netcoin since this coin seems to incentivize that.

I like hte idea of having all staking blocks combine into a single block when one of those smaller blocks stakes. I think some other pos coins do that. Again netcoin does that and it was nice and tidy.

And you can remove splitstake threshold. I don't see the point of that anyway since you want your entire eligible balance to stake, right?

bastilar
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October 09, 2015, 07:41:23 PM
 #4197



While this may be the case if done wrong, it would be mitigated by the CON code that has the smaller blocks compete together...

i.e.

1,000 TEK broken up into 1 TEK blocks would compete together and stake as a single 1,000 coin block and then spit out 2 blocks at 500+ 1/2 stake times two.  This would remove quite a lot of small blocks.

This is just my opinion.  I have 100k+ coins and will continue to for the foreseeable future so take my opinion as you see fit.

This is what I was trying to say. This seems most fair since I buy Tek everyday but it's not alot in terms of block size because Tek is actually quite expensive on cryptsy (which is why I buy it, now).

But instead of 1000 tek or some small number, just combine all the eligible tek in each address, or addresses. I'm not very technical with coding so I don't know if there are problems with this.

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October 09, 2015, 07:58:59 PM
 #4198

Under 1000 is not fair.

I've been getting into tekcoin recently and the most i can buy every day is around 500 TEK per 24hours, which is currently how much I'm investing.

Losing all my coinage (and maybe the reward?) for daily buying of tekcoin would penalize new people like me. And because I have to wait 30 days to starting minting, I'd rather not hold my tekcoin at crypsty an extra day or two just to meet the minimum stake block size.

I was under the impression that blocks combined when staking if age was 30 days or more too like netcoin since this coin seems to incentivize that.

I like hte idea of having all staking blocks combine into a single block when one of those smaller blocks stakes. I think some other pos coins do that. Again netcoin does that and it was nice and tidy.

And you can remove splitstake threshold. I don't see the point of that anyway since you want your entire eligible balance to stake, right?

I agree with you, and I think the fair way to do it would be giving people a 30+ day notice to make sure they combine stacks to 1000+ once they stake.

I hope we hear from more users with smaller amounts because I think its important to include everyone that is part of the community.

bastilar
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October 09, 2015, 08:54:22 PM
 #4199


I agree with you, and I think the fair way to do it would be giving people a 30+ day notice to make sure they combine stacks to 1000+ once they stake.

I hope we hear from more users with smaller amounts because I think its important to include everyone that is part of the community.

Well as long as we don't get burned because a few trolls decide to try to tank this coin. I looked at the recent blocks that staked and see a lot of 40-50 tek blocks staking.

I can see why people are getting angry. Also I'm looking at the console, i don't see anywhere to combine blocks.

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October 09, 2015, 09:28:25 PM
 #4200

Also, only total noobs keep their coins on exchanges for a prolonged period of time. Losing maturity in order to wait for the right price when dealing with high PoS coins is simply stupid.

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