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Author Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico  (Read 429948 times)
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Biomech
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April 01, 2016, 08:00:52 PM
 #5341

Good advice Biomech about not panicking. Panicking often leads to actions that end up wiping out any hope of recovering lost crypto coins. Always back up your wallets at least once a day. Another real good idea that I have found is to back up wallet just before you send coin to another address. Sometimes glitches on the network can cause your transaction to fail. If this happens and your wallet says the coin is gone and the coin network says there is no record of transaction the transaction will be unconfirmed. To fix this if you have backed up the wallet before sending all you have to do is restore the backup wallet and everything will be back the way it was before the bad transaction. I have prevented losses on two occasions by doing this.

It might be a good idea to put an automatic backup function in the wallet anytime someone sends coins. What do think?

I don't see that as a particularly good idea as a default. But having it as an option, maybe even a popup, sounds like a pretty decent idea.

The reason I don't think it should be automatic is that the level of expertise in crypto is immensely variable. Every day I see people making the simplest mistakes, and they are not stupid people. The more automated things become, the easier it becomes to irretrievably screw things up. But it it were an 'expert' option, yes, I think that would be a good utility.

Or, perhaps, an external script? That way nobody would do it by accident or overwrite wallet.dat or some such noise, and the daemon is perfectly capable of pulling a wallet backup from API command.

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Enema
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April 03, 2016, 10:20:54 PM
 #5342

What is max coin age ?

thundertoe
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April 04, 2016, 02:49:43 AM
 #5343

What is max coin age ?

90 days
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i love Emerald (EMD)


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April 04, 2016, 08:49:59 AM
 #5344


what is happend after this time with the coins ?
no automatic reorganisation ?

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Biomech
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April 04, 2016, 04:14:39 PM
 #5345


what is happend after this time with the coins ?
no automatic reorganisation ?

If I understand correctly, it just stops gaining interest at that point.

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April 04, 2016, 04:48:40 PM
 #5346


what is happend after this time with the coins ?
no automatic reorganisation ?

If I understand correctly, it just stops gaining interest at that point.

From my experience, blocks stop gaining weight after 90 days, but still get the interest past that. I staked some 97 day old blocks this month and got the extra interest for those 7 days. If you look at block 1542168 and do the math, you get a good example of why waiting for lowest diff and adding your interest is better than compounding at a higher diff.
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April 04, 2016, 05:44:51 PM
 #5347


what is happend after this time with the coins ?
no automatic reorganisation ?

If I understand correctly, it just stops gaining interest at that point.

From my experience, blocks stop gaining weight after 90 days, but still get the interest past that. I staked some 97 day old blocks this month and got the extra interest for those 7 days. If you look at block 1542168 and do the math, you get a good example of why waiting for lowest diff and adding your interest is better than compounding at a higher diff.
Well that would be great.
I also staked some older then 90 days, not sure how many days exactly, but it was worth the wait.
Suddenly my wallet doubled in size and I was warped into the top 100 rich list.
I guess the micro staker was off line or did some staking himself.
Now diff is very high again.

Normally coins stop gaining weight and often interest will be 0%.

vampirus
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April 04, 2016, 09:17:11 PM
 #5348

After max coin age for stake - just stop increase coins weight (probability of stake). Interest do not stop increase.
This parameter important only for high difficulty coins like HYP or for small transactions in TEK. (microstake)

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thundertoe
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April 06, 2016, 05:20:24 AM
 #5349

Mandatory update hardfork incoming use version 2.4.1.0 Thanks Noise23


Source:  https://github.com/maxxine/TEK

TEKcoin windows wallet https://mega.nz/#!vRBD2BTS!-I1YcIvsIh7Jw_hJ7KS4l6L9zVUPLJPKzR8n1R5WZmc


might want to be careful sending coins around for a bit it looks like many people are still running old versions
johny08
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April 06, 2016, 09:26:41 AM
 #5350

Mandatory update hardfork incoming use version 2.4.1.0 Thanks Noise23


Source:  https://github.com/maxxine/TEK

TEKcoin windows wallet https://mega.nz/#!vRBD2BTS!-I1YcIvsIh7Jw_hJ7KS4l6L9zVUPLJPKzR8n1R5WZmc


might want to be careful sending coins around for a bit it looks like many people are still running old versions
I have problems making my hardfork.

I am afraid of a continuous hardfork going on
Biomech
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April 06, 2016, 06:51:18 PM
 #5351

Mandatory update hardfork incoming use version 2.4.1.0 Thanks Noise23


Source:  https://github.com/maxxine/TEK

TEKcoin windows wallet https://mega.nz/#!vRBD2BTS!-I1YcIvsIh7Jw_hJ7KS4l6L9zVUPLJPKzR8n1R5WZmc


might want to be careful sending coins around for a bit it looks like many people are still running old versions
I have problems making my hardfork.

I am afraid of a continuous hardfork going on

Not sure what you're saying. All you need to do is download or compile the new client. After the fork, the old ones won't work, they'll be excluded from the network. Generally a few days of chaos because people don't pay attention, but that's it.

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madmack1
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April 06, 2016, 07:42:55 PM
 #5352

Has the hardfork happened today?
vampirus
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April 06, 2016, 11:45:09 PM
 #5353

This hardfork not really hardfork, because no changes in blockchain, only in client.

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Biomech
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April 07, 2016, 12:10:00 AM
 #5354

This hardfork not really hardfork, because no changes in blockchain, only in client.

Not quite the case.

The client will no longer allow microstaking, AND it will exclude all clients older than the new revision. so if you're running the old wallet after today, and it does manage to synch, it will be on a fork. There was no major revision to the protocol, but it's still a true hard fork.

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April 07, 2016, 01:55:33 AM
 #5355

Mandatory update hardfork incoming use version 2.4.1.0 Thanks Noise23


Source:  https://github.com/maxxine/TEK

TEKcoin windows wallet https://mega.nz/#!vRBD2BTS!-I1YcIvsIh7Jw_hJ7KS4l6L9zVUPLJPKzR8n1R5WZmc


might want to be careful sending coins around for a bit it looks like many people are still running old versions
Good work thundertoe, thanks Smiley
wmikrut
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April 07, 2016, 12:38:41 PM
 #5356

Already on the new client!

If you need a node... addnode=wmikrut.com:20007

I will NEVER ask for any kind of funds up front in a buy/sale of anything on bitcointalk.

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vampirus
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April 07, 2016, 02:24:41 PM
 #5357

Old client can be on main chain and connected to new client if not lost connection. Only on initially connection old client will be rejected. And if there is one old client in net, all old and new clients work together.

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Enema
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April 07, 2016, 09:40:29 PM
 #5358

This hardfork not really hardfork, because no changes in blockchain, only in client.

Not quite the case.

The client will no longer allow microstaking, AND it will exclude all clients older than the new revision. so if you're running the old wallet after today, and it does manage to synch, it will be on a fork. There was no major revision to the protocol, but it's still a true hard fork.
So in plain English its not possible to mod the code so it will allow microstaking ?

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April 08, 2016, 02:25:03 AM
 #5359

So in plain English its not possible to mod the code so it will allow microstaking ?

Well, you can modify the code for sure, and diddle it so that it pretends to be the new version, and generate stake blocks for amounts less than the new limit ...

... but block validation depends on the Tek network.  If the new client is coded well, other nodes on the network will catch "microstake" blocks (and therefore renegade clients) during block validation.  The authors can probably speak to that issue with specifics.

Biomech
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April 08, 2016, 03:03:24 AM
 #5360

This hardfork not really hardfork, because no changes in blockchain, only in client.

Not quite the case.

The client will no longer allow microstaking, AND it will exclude all clients older than the new revision. so if you're running the old wallet after today, and it does manage to synch, it will be on a fork. There was no major revision to the protocol, but it's still a true hard fork.
So in plain English its not possible to mod the code so it will allow microstaking ?

I'm uncertain. Noise23 would be the man to ask about that, but since the main focus of the new client was to eliminate microstaking, I would think he would have made it so that such blocks would no longer confirm. He's a very good coder.

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