[ANN][RDD] Reddcoin The Social Currency [PoSV] Electrum Wallet 1.0.2

[dandruff1138]

[PoSV] Official Release v1.3.0.0 Mandatory Upgrade

http://www.reddit.com/r/reddCoin/comments/2bj46s/posv_official_release_v1300_mandatory_upgrade/

Dear fellow Reddheads:

PoSV is now officially released. You can download the PoSV wallet v1.3.0.0 for Windows/Linux/Mac at this link. PoSV will start at block 260800 which is expected to be minted around 7pm UTC, 2nd August 2014. (Who will be the lucky one?) The total amount of RDD mined in PoW phase will be just a tad shy of 27 billion, which is about 500m less than we originally estimated.

All users (except mining pools)

1- Encrypt your existing wallet.dat because staking is only possible with encrypted wallets.
2- Back up wallet.dat
3- Remove all files and folders in your Reddcoin home folder except wallet.dat
4- Uninstall old wallet. Install wallet v1.3.0.0
5- Start wallet and re-sync blockchain.
6- Set staking=0 in reddcoin.conf if you want to disable staking (e.g. if you are an exchange or seed node).
7- Never ever set txindex=0 (default 1) because it may interfere with staking.
8- To start staking, just unlock the wallet and wait for PoSV to arrive.
9- If you want to compile from source code, git checkout v1.3.0.0 (git tag is not tied to a branch).
10- In our github repo, master branch is now the posv branch.


Mining pools

1- Your mining daemon (the one that creates new PoW blocks and announces them to the network) must be at v1.2.1.0 (not even v1.2.0.0 which will be disconnected by all PoSV wallets). Otherwise your new blocks won't be accepted by the network.
2- Your payout daemon (the one that creates transactions to pay miners shares of block rewards) should be upgraded to v1.3.0.0 because transactions created by pre-PoSV wallets will be ignored and discarded by PoSV wallets once PoSV kicks in at block 260800.

Party

/u/hoppipoppipolla is hosting our (in)famous music DJ party at http://plug.dj/reddcoin-com-r-reddcoin/

Additional information

1- All exchanges, block explorers etc are being notified.
2- I'll be posting more information on PoSV in coming days. There will be a public quiz contest for PoSV with awards to top scorers.
3- Please ask any question below and I'll add some of them to this post.
4- You can now shut down all nodes on testnet.

Finally, a huge thank you to all who have helped us test PoSV. It's your efforts and contribution that make this release possible.

Regards
laudney

Great News finally came. On to PoSV now!
PoSV Countdown http://www.reddcoinhub.com/posvcountdown/

Wow I didn't expect this until August!

Well I just finished reading it and it is August oops! haha

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[lxjtian]

hello: when release POSV Social wallet ? I want to used POSV Social wallet

[KSGuy]

hello: when release POSV Social wallet ? I want to used POSV Social wallet

PoSV has been released

http://www.reddit.com/r/reddCoin/comments/2bjciy/reddcoin_official_releases_posv_and_will_begin_on/

and a guide on updating

http://www.reddit.com/r/reddCoin/comments/2bjqhd/stepbystep_guide_with_images_to_upgrade_your_old/

[jmsr1978]

Hi,

can please someone tell me where i can find the equivalent of AppData/Reddcoin from Windows but in Mac? I cannt find it and my upgrade is stopped now.

Im on Os X 10.9.4

Thanks in advance for any help

[IanFoxley]

Hi,

can please someone tell me where i can find the equivalent of AppData/Reddcoin from Windows but in Mac? I cannt find it and my upgrade is stopped now.

Im on Os X 10.9.4

Thanks in advance for any help

Just copied this text from the official Reddcoin Reddit pages

You can find Reddcoin home folders here: •Windows: C:\Users\USER NAME\AppData\Roaming\Reddcoin
•Mac: ~/Library/Application Support/Reddcoin
•Linux:~/.reddcoin

Hope that helps

[feeleep]

[PoSV] Official Release v1.3.0.0 Mandatory Upgrade

http://www.reddit.com/r/reddCoin/comments/2bj46s/posv_official_release_v1300_mandatory_upgrade/

Mining pools

1- Your mining daemon (the one that creates new PoW blocks and announces them to the network) must be at v1.2.1.0 (not even v1.2.0.0 which will be disconnected by all PoSV wallets). Otherwise your new blocks won't be accepted by the network.
2- Your payout daemon (the one that creates transactions to pay miners shares of block rewards) should be upgraded to v1.3.0.0 because transactions created by pre-PoSV wallets will be ignored and discarded by PoSV wallets once PoSV kicks in at block 260800.

You know that for all pools it will be pain in the ass? Why mining cannot be done with 1.3?

feeleep

[jmsr1978]

Hi,

can please someone tell me where i can find the equivalent of AppData/Reddcoin from Windows but in Mac? I cannt find it and my upgrade is stopped now.

Im on Os X 10.9.4

Thanks in advance for any help

Just copied this text from the official Reddcoin Reddit pages

You can find Reddcoin home folders here: •Windows: C:\Users\USER NAME\AppData\Roaming\Reddcoin
•Mac: ~/Library/Application Support/Reddcoin
•Linux:~/.reddcoin

Hope that helps

Hi, thanks a lot for the answer but i cannt find the folder Reddcoin in  Application Support (was the first place i look, saw it in the wiki too) There is not folder for any of my Mac wallets there btw. I dont understand

[jmsr1978]

Found it, it is hide by default when u upgrade ur system.. Thanks

[IanFoxley]

Found it, it is hide by default when u upgrade ur system.. Thanks

Glad you found it.

[dandruff1138]

Just posted on their twitter "Less than 1% of #Reddcoin is left to be mined before move from PoW to #PoSV on August 02. Brace Yourself for Take Off " Can't wait to see what happens!

[flyingcatt]

Would u invest in Reddcoin or Blackcoin right now?

[saif92]

Would u invest in Reddcoin or Blackcoin right now?

I have invested some amount and looking for long time run hope its works for me

[flyingcatt]

I said the same about BC 

[dandruff1138]

Would u invest in Reddcoin or Blackcoin right now?

I have invested some amount and looking for long time run hope its works for me

 I purchased $50 in RDD about 2 months ago, I now have over 1 BTC (600ish USD) and it seems to be rising! And with all the hype with PoSV and mining coming to an end (1% left) I am holding for more!

[flyingcatt]

Would u invest in Reddcoin or Blackcoin right now?

I have invested some amount and looking for long time run hope its works for me

 I purchased $50 in RDD about 2 months ago, I now have over 1 BTC (600ish USD) and it seems to be rising! And with all the hype with PoSV and mining coming to an end (1% left) I am holding for more!

Damn nice ass gains.

[dandruff1138]

Would u invest in Reddcoin or Blackcoin right now?

I have invested some amount and looking for long time run hope its works for me

 I purchased $50 in RDD about 2 months ago, I now have over 1 BTC (600ish USD) and it seems to be rising! And with all the hype with PoSV and mining coming to an end (1% left) I am holding for more!

Damn nice ass gains.

Yeah it was 4 sats when I found it, we are now in the 19-24 ish zone. I have also gotten some huge tips from some other Reddcoin peeps and have bought and sold on a couple of waves, but most of it was just from the rise in price (600% or so...) and we are still going up, and will continue to go up!!!!!!

[ontopicplease]

I there some optimal strategy for moving coins to get the best POSV result?

[dandruff1138]

I there some optimal strategy for moving coins to get the best POSV result?

Over my head.

[makishart]

I there some optimal strategy for moving coins to get the best POSV result?

In my wallet

[ycz]

I there some optimal strategy for moving coins to get the best POSV result?

Keep the wallet online.

It will do that for you.

Please correct me if I am wrong.