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Author Topic: [POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦  (Read 920055 times)
rdyoung
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September 12, 2015, 02:50:17 AM
 #5401

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Potcoin 08.7.2 Windows wallet that reduce the max split from 2mil to 5K:

Potcoin-08.7.2-win32-5K.zip

This will break up your staking amounts from a max of 2mil to a max of 5K causing you to stake more often. It should NOT make you stake more coin over time but will help the network move along without having to divide coins manually into different addresses.


I personally think 5K is too small but like rdyoung said...it will kick the network into gear. We still need to determine a good value to use. Have 100K in mind at the moment.

Using the strikeout quote as my template when/if the new 5K wallet version is released.

Can someone take a look at this transaction and see if it is doing what we want?

https://chainz.cryptoid.info/pot/block.dws?1007224.htm

It took the full amount (10K) and outputted it in 5K chunks (as designed) but still putting the whole 10k as staked. I do not think this is what we want as it is not increasing the number of stakes....just splitting the outputs into 5K chunks.

Yes, that is what we want. We want more chunks of coins trying to stake. It is working as designed, the split works just like the combine only in reverse. Look at my personal address from when staking started, here is the first stake for that address https://chainz.cryptoid.info/pot/tx.dws?2029474.htm
Notice that the total in and out are the same because it combined them, the split does the same thing.

Give me a DL link and I will start using it asap.
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September 12, 2015, 04:02:19 AM
 #5402

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Potcoin 08.7.2 Windows wallet that reduce the max split from 2mil to 5K:

Potcoin-08.7.2-win32-5K.zip

This will break up your staking amounts from a max of 2mil to a max of 5K causing you to stake more often. It should NOT make you stake more coin over time but will help the network move along without having to divide coins manually into different addresses.


I personally think 5K is too small but like rdyoung said...it will kick the network into gear. We still need to determine a good value to use. Have 100K in mind at the moment.

Using the strikeout quote as my template when/if the new 5K wallet version is released.

Can someone take a look at this transaction and see if it is doing what we want?

https://chainz.cryptoid.info/pot/block.dws?1007224.htm

It took the full amount (10K) and outputted it in 5K chunks (as designed) but still putting the whole 10k as staked. I do not think this is what we want as it is not increasing the number of stakes....just splitting the outputs into 5K chunks.

Yes, that is what we want. We want more chunks of coins trying to stake. It is working as designed, the split works just like the combine only in reverse. Look at my personal address from when staking started, here is the first stake for that address https://chainz.cryptoid.info/pot/tx.dws?2029474.htm
Notice that the total in and out are the same because it combined them, the split does the same thing.

Give me a DL link and I will start using it asap.
I still don't quite think it will work as we want but here is the download:

https://mega.nz/#!b8JnVawC!4gRb-cztKLcDtHiIOEFTg5iPo_iQynrGr51nptxM-aQ

Everyone else....please do NOT use this until rdyoung tests. Please do NOT hold me responsible for loosing coins if ANYTHING undesirable happens. This version simply changes the value of nStakeCombineThreshold from 2mil to 5K....to the best of my knowledge it is safe but I would hate to see anyone lose coin because of an oversight.

Like I said...I do not think it will do what we want but am making it available to test.

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September 12, 2015, 04:16:07 AM
 #5403

Quote
Potcoin 08.7.2 Windows wallet that reduce the max split from 2mil to 5K:

Potcoin-08.7.2-win32-5K.zip

This will break up your staking amounts from a max of 2mil to a max of 5K causing you to stake more often. It should NOT make you stake more coin over time but will help the network move along without having to divide coins manually into different addresses.


I personally think 5K is too small but like rdyoung said...it will kick the network into gear. We still need to determine a good value to use. Have 100K in mind at the moment.

Using the strikeout quote as my template when/if the new 5K wallet version is released.

Can someone take a look at this transaction and see if it is doing what we want?

https://chainz.cryptoid.info/pot/block.dws?1007224.htm

It took the full amount (10K) and outputted it in 5K chunks (as designed) but still putting the whole 10k as staked. I do not think this is what we want as it is not increasing the number of stakes....just splitting the outputs into 5K chunks.

Yes, that is what we want. We want more chunks of coins trying to stake. It is working as designed, the split works just like the combine only in reverse. Look at my personal address from when staking started, here is the first stake for that address https://chainz.cryptoid.info/pot/tx.dws?2029474.htm
Notice that the total in and out are the same because it combined them, the split does the same thing.

Give me a DL link and I will start using it asap.
I still don't quite think it will work as we want but here is the download:

https://mega.nz/#!b8JnVawC!4gRb-cztKLcDtHiIOEFTg5iPo_iQynrGr51nptxM-aQ

Everyone else....please do NOT use this until rdyoung tests. Please do NOT hold me responsible for loosing coins if ANYTHING undesirable happens. This version simply changes the value of nStakeCombineThreshold from 2mil to 5K....to the best of my knowledge it is safe but I would hate to see anyone lose coin because of an oversight.

Like I said...I do not think it will do what we want but am making it available to test.

I know some coins have "splitters" in them, were say if you deposit say 10K coins the first time it finds a pos block it gets split and now you have 3 blocks that can potentially find blocks 5k,5k and whatever the pos return is... and keeps splitting it down as the wallet continues to find blocks. it worked really well for 10k coin which had insanely high network weight at times before it was put to rest.

#Expanse $EXP 500 transactions 4 .1 EXP 1st Clone of ETH 
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rdyoung
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September 12, 2015, 04:26:46 AM
 #5404

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Potcoin 08.7.2 Windows wallet that reduce the max split from 2mil to 5K:

Potcoin-08.7.2-win32-5K.zip

This will break up your staking amounts from a max of 2mil to a max of 5K causing you to stake more often. It should NOT make you stake more coin over time but will help the network move along without having to divide coins manually into different addresses.


I personally think 5K is too small but like rdyoung said...it will kick the network into gear. We still need to determine a good value to use. Have 100K in mind at the moment.

Using the strikeout quote as my template when/if the new 5K wallet version is released.

Can someone take a look at this transaction and see if it is doing what we want?

https://chainz.cryptoid.info/pot/block.dws?1007224.htm

It took the full amount (10K) and outputted it in 5K chunks (as designed) but still putting the whole 10k as staked. I do not think this is what we want as it is not increasing the number of stakes....just splitting the outputs into 5K chunks.

Yes, that is what we want. We want more chunks of coins trying to stake. It is working as designed, the split works just like the combine only in reverse. Look at my personal address from when staking started, here is the first stake for that address https://chainz.cryptoid.info/pot/tx.dws?2029474.htm
Notice that the total in and out are the same because it combined them, the split does the same thing.

Give me a DL link and I will start using it asap.
I still don't quite think it will work as we want but here is the download:

https://mega.nz/#!b8JnVawC!4gRb-cztKLcDtHiIOEFTg5iPo_iQynrGr51nptxM-aQ

Everyone else....please do NOT use this until rdyoung tests. Please do NOT hold me responsible for loosing coins if ANYTHING undesirable happens. This version simply changes the value of nStakeCombineThreshold from 2mil to 5K....to the best of my knowledge it is safe but I would hate to see anyone lose coin because of an oversight.

Like I said...I do not think it will do what we want but am making it available to test.

Based on your test and the link you provided, YES, it will do what we want Smiley.
I let my addresses stake a few hours ago so I can't "test" this wallet until they mature, I will launch it sometime tomorrow and let it stake.
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September 12, 2015, 04:39:57 AM
 #5405

I know some coins have "splitters" in them, were say if you deposit say 10K coins the first time it finds a pos block it gets split and now you have 3 blocks that can potentially find blocks 5k,5k and whatever the pos return is... and keeps splitting it down as the wallet continues to find blocks. it worked really well for 10k coin which had insanely high network weight at times before it was put to rest.

I recently added dopecoin to one of my assets portfolio, started with 1 chunk of 550k and now I have 128 chunks of 4300'ish.
The combine and split threshold work together to streamline the staking. It seeks to combine everything below a certain # and split when it can create 2*X.
I was going to show you a BTCD address from one of my assets, but I can't find an explorer that is easy to decode whats going on.
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September 12, 2015, 05:02:06 AM
Last edit: September 12, 2015, 07:30:27 AM by CartmanSPC
 #5406

Based on your test and the link you provided, YES, it will do what we want Smiley.
I let my addresses stake a few hours ago so I can't "test" this wallet until they mature, I will launch it sometime tomorrow and let it stake.

Great, I hope so! Smiley
I am currently testing it with a ~10K wallet before I try it on a much larger one.

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September 12, 2015, 05:33:46 AM
 #5407

Where is Potcoin accepted? only on the USA? it would be awsome to be able to use these ones on coffee shops at Amsterdam.
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September 12, 2015, 06:47:42 AM
 #5408

Working on SigVault v1.5. Keep coins on a separate platform at your house, not the exchange or your daily used computer. Less prone to viruses and can't be accessed from the outside (firewalled and no port forwarding). Will be upgrading the downloadable version found at http://sigwo.com soon. Ensuring the timed locking mechanisms work correctly. Let me know what you think Smiley

Also, [ulr]http://altnuts.com[/url] is multipooling POT as a payout coin!


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September 12, 2015, 02:31:21 PM
 #5409

Where is Potcoin accepted? only on the USA? it would be awsome to be able to use these ones on coffee shops at Amsterdam.

I think the focus will be on the usa to start, but you can work locally to bring people on board.
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September 12, 2015, 04:30:23 PM
 #5410

Just launched and unlocked my wallet running the 5k "mod". I have 2 balances in this particular wallet, 21k+ and 100k+, it will likely split them both in half and keep doing so every time it stakes until we hit the 5k+ chunks.

I will leave it unlocked and staking for the next day or so, let the "splitter" do its thing.
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September 12, 2015, 09:07:18 PM
 #5411

Just launched and unlocked my wallet running the 5k "mod". I have 2 balances in this particular wallet, 21k+ and 100k+, it will likely split them both in half and keep doing so every time it stakes until we hit the 5k+ chunks.

I will leave it unlocked and staking for the next day or so, let the "splitter" do its thing.

Just launched my 10K wallet that had staked once already with the 5K version of the wallet. It just staked twice with two 5K blocks! I originally didn't think it was working since the first stake took the entire 10K but it required that first stake to start splitting it up.

Going to test with my 100K wallet now...

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September 12, 2015, 09:14:15 PM
 #5412

Just launched and unlocked my wallet running the 5k "mod". I have 2 balances in this particular wallet, 21k+ and 100k+, it will likely split them both in half and keep doing so every time it stakes until we hit the 5k+ chunks.

I will leave it unlocked and staking for the next day or so, let the "splitter" do its thing.

Just launched my 10K wallet that had staked once already with the 5K version of the wallet. It just staked twice with two 5K blocks! I originally didn't think it was working since the first stake took the entire 10K but it required that first stake to start splitting it up.

Going to test with my 100K wallet now...

With the 100k wallets we will need to do some manual splitting to get them to 5k*X, It will split in half each time so 50k, 25k, 12.5k, 6.25k, that will leave us a few blocks short of the desired 20*5k.

Thank you for this Smiley. I haven't lost any coins and didn't expect to, so I figure its ready to roll out to the masses. Get as many people using it as we can, give the network a nice solid shot of adrenaline.
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September 12, 2015, 09:26:50 PM
 #5413

My two quick stakes temporarily brought that address to #1 on cryptoid Cheesy

It further split into amounts under 5K:

https://chainz.cryptoid.info/pot/tx.dws?2099133.htm
https://chainz.cryptoid.info/pot/tx.dws?2099143.htm

Will make an announcement post later as I have other commitments at the moment. Quick question...how do I get my trust level up here on BTCTalk? Maybe it would put people at ease using this version of the wallet?

Edit: I can make available other version of the wallet with amounts different than 5K as that may be too low once more people start staking. We still need to find a good number to use before I submit a pull request to the main code. 100K?

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September 12, 2015, 10:35:15 PM
 #5414

My two quick stakes temporarily brought that address to #1 on cryptoid Cheesy

It further split into amounts under 5K:

https://chainz.cryptoid.info/pot/tx.dws?2099133.htm
https://chainz.cryptoid.info/pot/tx.dws?2099143.htm

Will make an announcement post later as I have other commitments at the moment. Quick question...how do I get my trust level up here on BTCTalk? Maybe it would put people at ease using this version of the wallet?

Edit: I can make available other version of the wallet with amounts different than 5K as that may be too low once more people start staking. We still need to find a good number to use before I submit a pull request to the main code. 100K?

It probably shouldn't have done that extra split below 5k, I am at a loss as to whats going on. Guess we will have to just watch and see how far it takes it.
Ninja edit: Maybe you left out a 0? Told it to split to 500 instead of 5k?

As for your trust level, not sure. We can post about it here and on reddit, with me and maybe others saying that we trust you might be enough to get people to take the chance.
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September 13, 2015, 12:23:16 AM
 #5415

whoever buys up that massive sell on polo would be getting a heck of a deal, any other time trying to accumulate that much would either take forever or drive the price up buying from the sell wall.

 

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September 13, 2015, 12:26:52 AM
Last edit: September 13, 2015, 01:16:49 AM by CartmanSPC
 #5416

It probably shouldn't have done that extra split below 5k, I am at a loss as to whats going on. Guess we will have to just watch and see how far it takes it.
Ninja edit: Maybe you left out a 0? Told it to split to 500 instead of 5k?

Code:
int64 nStakeCombineThreshold = 2000000 * COIN;
changed to
Code:
int64 nStakeCombineThreshold = 5000 * COIN;

We'll see if it keeps splitting.

Back to the discussion as to what we need this number to be permanently I suppose the number we select will determine how often it stakes (not to be confused with how MUCH it stakes). Since the number of staking blocks is currently on the low side it is advantageous to have more to keep the blockchain going at it's intended rate but....as more coins start staking having too low of a number will increase the difficulty and increase the chance of orphans.

Someone mentioned that there are POS coins that allow you to specify this number in the client? Send me a list of those coins and I can take a look at integrating that code into the Potcoin wallet (no promises!).

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September 13, 2015, 04:08:27 AM
 #5417

It probably shouldn't have done that extra split below 5k, I am at a loss as to whats going on. Guess we will have to just watch and see how far it takes it.
Ninja edit: Maybe you left out a 0? Told it to split to 500 instead of 5k?

Code:
int64 nStakeCombineThreshold = 2000000 * COIN;
changed to
Code:
int64 nStakeCombineThreshold = 5000 * COIN;

We'll see if it keeps splitting.

Back to the discussion as to what we need this number to be permanently I suppose the number we select will determine how often it stakes (not to be confused with how MUCH it stakes). Since the number of staking blocks is currently on the low side it is advantageous to have more to keep the blockchain going at it's intended rate but....as more coins start staking having too low of a number will increase the difficulty and increase the chance of orphans.

Someone mentioned that there are POS coins that allow you to specify this number in the client? Send me a list of those coins and I can take a look at integrating that code into the Potcoin wallet (no promises!).

Without having looked at the Potcoin source code I don't know how much help I will be but there was a similiar issue with the Clams wallet that was solved by BTCtalk user dooglus.

Basically the problem was the nStakeCombineThreshold was being ignored if two outputs were from the same transaction. e.g. if the value of nStakeCombineThreshold is 5000 and you have an output at 8000 that splits into two 4000 outputs, it will split them again even though they're below the threshold. It was solved by allowing outputs from the same transaction to recombine. I don't know if this is the problem here but seeing the code posted reminded me about it. There was some discussion about it in the Clams thread at the time but I found this on Github that talks about it:

https://github.com/nochowderforyou/clams/issues/20

"The true sign of intelligence is not knowledge but imagination"  -Albert Einstein
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September 13, 2015, 04:21:10 AM
 #5418

It probably shouldn't have done that extra split below 5k, I am at a loss as to whats going on. Guess we will have to just watch and see how far it takes it.
Ninja edit: Maybe you left out a 0? Told it to split to 500 instead of 5k?

Code:
int64 nStakeCombineThreshold = 2000000 * COIN;
changed to
Code:
int64 nStakeCombineThreshold = 5000 * COIN;

We'll see if it keeps splitting.

Back to the discussion as to what we need this number to be permanently I suppose the number we select will determine how often it stakes (not to be confused with how MUCH it stakes). Since the number of staking blocks is currently on the low side it is advantageous to have more to keep the blockchain going at it's intended rate but....as more coins start staking having too low of a number will increase the difficulty and increase the chance of orphans.

Someone mentioned that there are POS coins that allow you to specify this number in the client? Send me a list of those coins and I can take a look at integrating that code into the Potcoin wallet (no promises!).

Without having looked at the Potcoin source code I don't know how much help I will be but there was a similiar issue with the Clams wallet that was solved by BTCtalk user dooglus.

Basically the problem was the nStakeCombineThreshold was being ignored if two outputs were from the same transaction. e.g. if the value of nStakeCombineThreshold is 5000 and you have an output at 8000 that splits into two 4000 outputs, it will split them again even though they're below the threshold. It was solved by allowing outputs from the same transaction to recombine. I don't know if this is the problem here but seeing the code posted reminded me about it. There was some discussion about it in the Clams thread at the time but I found this on Github that talks about it:

https://github.com/nochowderforyou/clams/issues/20

In theory, would it not look to recombine those smaller inputs at a future stake? For the time being the more blocks we can get staking the better for everyone. We want the difficulty high so that people stake less often but receive a larger payout when they do.
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September 13, 2015, 05:14:14 AM
 #5419

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In theory, would it not look to recombine those smaller inputs at a future stake? For the time being the more blocks we can get staking the better for everyone. We want the difficulty high so that people stake less often but receive a larger payout when they do.

I think so yes. But then again something still doesn't really make sense here. If the outputs are from the same transaction then fine they don't recombine. But if they're below the threshold why are they splitting again? I would think they should do nothing in that case, just sit there. No splitting, no recombining. But it appears that doesn't happen.

"The true sign of intelligence is not knowledge but imagination"  -Albert Einstein
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September 13, 2015, 08:29:51 AM
 #5420

It probably shouldn't have done that extra split below 5k, I am at a loss as to whats going on. Guess we will have to just watch and see how far it takes it.
Ninja edit: Maybe you left out a 0? Told it to split to 500 instead of 5k?

Code:
int64 nStakeCombineThreshold = 2000000 * COIN;
changed to
Code:
int64 nStakeCombineThreshold = 5000 * COIN;

We'll see if it keeps splitting.

Back to the discussion as to what we need this number to be permanently I suppose the number we select will determine how often it stakes (not to be confused with how MUCH it stakes). Since the number of staking blocks is currently on the low side it is advantageous to have more to keep the blockchain going at it's intended rate but....as more coins start staking having too low of a number will increase the difficulty and increase the chance of orphans.

Someone mentioned that there are POS coins that allow you to specify this number in the client? Send me a list of those coins and I can take a look at integrating that code into the Potcoin wallet (no promises!).

Without having looked at the Potcoin source code I don't know how much help I will be but there was a similiar issue with the Clams wallet that was solved by BTCtalk user dooglus.

Basically the problem was the nStakeCombineThreshold was being ignored if two outputs were from the same transaction. e.g. if the value of nStakeCombineThreshold is 5000 and you have an output at 8000 that splits into two 4000 outputs, it will split them again even though they're below the threshold. It was solved by allowing outputs from the same transaction to recombine. I don't know if this is the problem here but seeing the code posted reminded me about it. There was some discussion about it in the Clams thread at the time but I found this on Github that talks about it:

https://github.com/nochowderforyou/clams/issues/20

In theory, would it not look to recombine those smaller inputs at a future stake? For the time being the more blocks we can get staking the better for everyone. We want the difficulty high so that people stake less often but receive a larger payout when they do.
https://chainz.cryptoid.info/pot/tx.dws?2101176.htm

^ it recombined

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