[ANN] Melange [SPICE] - The Spice Must Flow! Updated Client + Heartbleed Fix

[markm]

Not an insane POS like you did to QBT! Spamming out vast numbers of new coins constantly cannot be good for prices, surely?

How about fix QBT to something reasonable instead of screwing yet another coin into the ground?

Maybe make it like GPL, a tiny enough stake rate that inflation won't totally destroy all value almost instantly?

Right now SPICE mining gives tiny enough rewards that inflation is small, spamming trillions of coins is a horrible idea especially for something intended to be rare/precious.

-MarkM-

[1715156711]

1715156711

[1715156711]

1715156711

[1715156711]

1715156711

[bhokor]

Not an insane POS like you did to QBT! Spamming out vast numbers of new co9ins constantly cannot be good for prices, surely?

How about fix QBT to something reasonable instead of screwibng yet another coin into the ground?

Maybe make it like GPL, a tiny enough stake rate that inflation won't totally destroy all value almost instantly?

-MarkM-

Agree, i think would be a good idea to make a fixed reward per block like 1 coin, in this way we protect the value, high pos rates is equal to hyperinflation, you can see it on sprouts or beans

[markm]

SPICE was already lower than one coin per block, it has actually been 0.001 coins per block for a long time I think. So once who-ever megamined it back in the day has dumped, it should be ripe to become a good valuable coin if the blockchain can be secured. Trying to secure a blockchain with proof of work is insanely expensive though unless you use merged mining AND actually have decent amount of miners using the merged mining pools. So maybe proofr of stake is better?

Look at Unobtanium, there are less coins of GPL and maybe even of Diamond than there are of Unobtanium.

QBT used to look pretty good, but with its new hacked up insanly high PoS rate it is set to triple or quadruple its number of coins every year and already has over 50 million coins, so thats maybe 200 million in a year, eight hundred million in two years, two point four billion in tghree years etc, that is crazy, what used to be potentially a good coin is probably screwed now. Lets not do that crap to more coins.

Remember there have been coins around for many years based in sci-fi milieus, remember some of the originals, United Kingdom Britcoin (UKB), Canadian Digital Notes (CDN), General Mining Corp scrip (GMC), General Retirement Fund scrip (GRF), bitNicKeLs (NKL), United Nations Scrip (UNS), Martian BotCoins (MBC) and so on? You can see them listed still at http://galaxies.mygamesonline.org/digitalisassets.html

Originally they were cloned from bitcoin much like IXCoin (IXC) and I0Coin (I0C) were, just before we built GRouPcoin (GRP) and DeVCoin (DVC), but it was realised that even merged mining might not suffice to secure their blockchains so GRouPcoin was left as it was to serve as a test and proof of concept to determine whether merged mining would suffice to secure a coin and the "big seven" galactic currencies were switched over to Open Transactions.

All of those coins are still listed, but unfortunately development of Open Transactions has kept stalling so we still do not have the "Open Transactions that even grandma can use" yet which has left most of these currencies being used only within the Milieu gaming environment. This much newer wave of sci-fi coins (SPICE, GPL, UFC and so on) is of much interest to the Milieu though so we expect to integrate them once Open Transactions does get around to finalising its data formats and putting out its GUI client "that even grandmothers can use".


-MarkM-

[vampirus]

QBT used to look pretty good, but with its new hacked up insanly high PoS rate it is set to triple or quadruple its number of coins every year and already has over 50 million coins, so thats maybe 200 million in a year, eight hundred million in two years, two point four billion in tghree years etc, that is crazy, what used to be potentially a good coin is probably screwed now. Lets not do that crap to more coins.

-MarkM-

PoS rate and inflation is different things. Only 20*24*365*100 = 17.52M QBT issued per year.
QBT has 150 coin per block at start, now only 100, where is hyperinflation?
If PoS rate 5-10% you stake one time per year, and no new blocks on net. When PoS 200-1000% and max block size limited,
you must stake everyday and create new blocks and secure blockchain.
I can fork, cheat or double spend any altcoin with my home computer, except HYP or QBT.

[markm]

I guess I do not understand what you mean. Supposedly the rate is 300% per year, that means number of coins is multiplied by four in a year...

Or mayb e you mean it is multiplied by three rather than that it adds three times as many as you stake?

I do not understand how you are having 300%/year come out different from that...

-MarkM-

[vampirus]

If PoS rate 300% and min stake time 365 days then inflation 300%
If rate 300% and min stake 30 days then inflation 1355%
If rate 300% and max coins generated per block 100, then Blocks.per.Hour*24hour*365*Coin.per.Block=Max.Coin.per.Year.
Now money supply 54M QBT, and if 17.52M QBT issued per year, then inflation 17.5*100/54=32%
Then in next year 17.5*100/(54+17.5)=24%

[mogrith]

So if you are staking 30 QBT you get 90 (300%)
but if you have Staking 5000 you get 100 (100 QBT max)

If PoS rate 300% and min stake time 365 days then inflation 300%
If rate 300% and min stake 30 days then inflation 1355%
If rate 300% and max coins generated per block 100, then Blocks.per.Hour*24hour*365*Coin.per.Block=Max.Coin.per.Year.
Now money supply 54M QBT, and if 17.52M QBT issued per year, then inflation 17.5*100/54=32%
Then in next year 17.5*100/(54+17.5)=24%

[vampirus]

So if you are staking 30 QBT you get 90 (300%)
but if you have Staking 5000 you get 100 (100 QBT max)

If PoS rate 300% and min stake time 365 days then inflation 300%
If rate 300% and min stake 30 days then inflation 1355%
If rate 300% and max coins generated per block 100, then Blocks.per.Hour*24hour*365*Coin.per.Block=Max.Coin.per.Year.
Now money supply 54M QBT, and if 17.52M QBT issued per year, then inflation 17.5*100/54=32%
Then in next year 17.5*100/(54+17.5)=24%

Yes, but this 30 QBT must be 365 days old.
Optimal input size for QBT = 800 (98.6 coins after 15 days)

[vampirus]

I propose 3 variants.

1. PoS + PoW. PoW reward 1, PoS rate 18%, no block limit. PoW inflation: 131K, PoS inflation 135K
Todays supply 750K, first year inflation (131+135)*100/750=35%

2. PoS + PoW. PoW reward 9, PoS rate 200%, PoS block limit 9. Inflation 15*24*365*9=1182K per year

3. PoS + PoW. PoW reward 4.5, PoS rate 50%, PoS block limit 90. Inflation PoW: 591K, PoS: 378K or less.

[mogrith]

anyone have a 9.0.1 windows version avail? I have 9.0.0 and it crashes as soon as I find a block.  OP link is dead github says it's9.0.0 also

[vampirus]

anyone have a 9.0.1 windows version avail? I have 9.0.0 and it crashes as soon as I find a block.  OP link is dead github says it's9.0.0 also

https://bitcointalk.org/index.php?topic=430816.msg12013810#msg12013810

[mogrith]

thanks

[mogrith]

that link says 0.9.1 but extract and run it you will find it's really 0.9.0.

[mogrith]

that link says 0.9.1 but extract and run it you will find it's really 0.9.0.

is there a 9.0.1 out there. that rar when extracted and run as v0.9.0.0-Herbert about spice and debug info

[Mutoid]

[Mutoid]

The explorer that ran on melange.dromland.se has been shut down. Some other nodes I can find right now:

Code:

64.71.72.56:1986
99.192.82.190:1986

[heratys111]

I think this chain should become Proof-of-Stake (however, anything more than 15% annual would doom any practical -- or even collectible -- value of such a cool coin IMO) or possibly a hybrid PoW/PoS.  My argument is that the chain seems to be moved quite easily by CPU mining within the wallet (at least when I experimented with it a couple weeks ago).  If someone had an incentive and the know-how it could be 51%-attacked as (another coin by the same dev) CHAO was said to be.  At least with staking, any bagholders with heaps of Melange would be incentivized to support the network.  The mining reward is a rounding error on the overall coin moreover and the reward justifies why hardly anyone is bothering to mine it.

I have considered making a WTB request to build a position in this chain (but I think the network has to make this both worthwhile and secure simultaneously -- hence the staking argument).   Vampirus made some proposals earlier... although I feel he should ratchet down the percentage to at least the minimum figure of <= 15%.

[markm]

One of the main uses for this coin is as an anagathic (anti-aging) drug in games that feature individual characters subject to aging or military or diplomat units sufficiently experienced that keeping the average age of the people forming the unit from advancing too far or too fast is worthwhile.

How well this works will probably depend on how attached players are to particular characters as compared to simply having their loot be inherited by a younger character they create to take the place of the aging one.

-MarkM-

[Brianna20487]

Looks interesting! I’m waiting for more details about project from your team

[erikstarfish]

The coin has no other use but for ICO. What do you plan for this project and its coin?