[ANN][PRT] Particle | CPU/GPU, Fast, Easy Mine, * NO PREMINE *

Quote from: moonmoon on May 08, 2014, 03:26:56 AM

I wanted to ask the community for feedback/input on some of our options. Proof of Stake has been brought up a few times in the thread. I've been watching Saturncoin closely as they are doing a migration to a Proof of Stake blockchain. I am curious to see how it works out in the end with the exchanges etc. But this is one option we can consider, to create a PoS version of Particle and do a coin swap in the way that they are doing it. I have shied away from it because it seemed problematic, but if they are able to do it smoothly than maybe this is something we could consider? What if we created it with a smaller money supply and did something essentially like a reverse stock split, and did the swap out at a 10:1 ratio or something similar?

Thoughts?

One of the things I really like about Particle is that it is a very fast currency, you can move PRT around with great speed which makes it convenient, so I want to do some testing/investigation with Proof of Stake to see if that speed can be maintained.

One of the challenges with the multipool is if people dump their payouts regularly, it somewhat defeats the purpose of the pool and the buy support. So, I'd like to continue considering all of our other options to keep pushing PRT forward. The development activity behind the scenes will continue obviously, but some of those developments take time to get to release. In the meantime maybe there are some other things we can also do.

We are starting to pick up traction on Twitter and social media, so that is a great sign. One step at a time....

If you were serious about switching to Proof of Stake, you might want to look at what the CaiShen devs did in converting Caishen to CaiX
They did a 1 for 1 free conversion from Caishen to CaiX. They ended PoW after a few thousand more coins, to prevent miners from dumping and thus decreasing the value of the coin.

I am not suggesting you do it (or don't), I figured you might be interested since you brought it up.

Description:
  A problem caused this program to stop interacting with Windows.

Problem signature:
  Problem Event Name: AppHangB1
  Application Name: BitParticle.Wallet.exe
  Application Version: 1.0.0.0
  Application Timestamp: 5326bf11
  Hang Signature: caa0
  Hang Type: 0
  OS Version: 6.1.7601.2.1.0.256.48
  Locale ID: 6153
  Additional Hang Signature 1: caa0cf2f4005ceb193756a701341cd8a
  Additional Hang Signature 2: 4fc2
  Additional Hang Signature 3: 4fc24840b8c17d9ce4ca6aa9642c731a
  Additional Hang Signature 4: caa0
  Additional Hang Signature 5: caa0cf2f4005ceb193756a701341cd8a
  Additional Hang Signature 6: 4fc2
  Additional Hang Signature 7: 4fc24840b8c17d9ce4ca6aa9642c731a

	Author	Topic: [ANN][PRT] Particle \| CPU/GPU, Fast, Easy Mine, * NO PREMINE * \| Official Thread (Read 354265 times)
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