fonzerrellie
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Activity: 1190
Merit: 1000
Kaspa
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December 20, 2014, 07:09:54 PM |
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I get that the early change to 15% seems normal to coders/programmers but to investors I can deff see why they'd have a legitimate reasons to be upset... most people/investors think/plan in time not blocks passed and could feel like they've been wronged since they were told a year and were planning for a year. If the change happens early they will be "butt hurt" about it and could cause a bunch of distrust and dumping. they'll just see it as losing out on 5% for 3 months. just my thoughts about it was just looking at my transactions, my first deposit of mint was on 2/21/2014  |
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Flyskyhigh
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Activity: 291
Merit: 250
Ezekiel 34:11, John 10:25-30
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December 20, 2014, 09:06:22 PM |
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I get that the early change to 15% seems normal to coders/programmers but to investors I can deff see why they'd have a legitimate reasons to be upset... most people/investors think/plan in time not blocks passed and could feel like they've been wronged since they were told a year and were planning for a year. If the change happens early they will be "butt hurt" about it and could cause a bunch of distrust and dumping. they'll just see it as losing out on 5% for 3 months. just my thoughts about it was just looking at my transactions, my first deposit of mint was on 2/21/2014 On the other-hand it could also cause pumping, as now the coin is less inflationary. So it is a two sided coin. |
Sick of mining? Start minting! 5% per year! Mintcoin "MINT"
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Rent_a_Ray
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Activity: 1311
Merit: 1036
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December 20, 2014, 10:10:40 PM |
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That's wrong. GetLastBlockIndex(pindexBest, false) returns the pindex of the last PoW block, not of the last PoS block. Thus, the emission would be linear over time, not declining with time as it claimed to be in the coin specs. Mintcoin was advertised as 20% for the first year. While GetLastBlockIndex was returning the index of the last PoS block it was still 20%. The only problem was when the wallets tried to transition to 15%. The minting code was still trying to do 20% and the verification code was expecting 15%. There was also an off by one, as you said. The generation needed an Index+1 to get it into the 15% range. Again there were never two chains so no fork. Technically u are right, but situation is similar. What is better? A fork or a fallout? Cheers, Ray The Fact is, that kiklo tried to contact you on 10-11-1014 regarding to that issue. |
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rokkyroad
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Activity: 1090
Merit: 1000
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December 20, 2014, 10:15:47 PM |
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I have no problem with the reduction to 15%. Only because the last thing we need right now is excessive inflation.
Lets face it. Altcoins are not doing so hot. I'll be happy if Mint survives this holocaust let alone worry about the reduction.
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" If you have to spam and shout to justify your existence then you are a shit coin." TaunSew
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pork pie
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Activity: 65
Merit: 10
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December 20, 2014, 10:20:21 PM |
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I have no problem with the reduction to 15%. Only because the last thing we need right now is excessive inflation.
Lets face it. Altcoins are not doing so hot. I'll be happy if Mint survives this holocaust let alone worry about the reduction.
I did not believe it could fall below 5 sats earlier this year, now I too am merely glad it's still surviving after so many other coins have bitten the dust. I say do whatever it takes to keep it around. |
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kiklo
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Activity: 1092
Merit: 1000
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December 20, 2014, 11:06:55 PM |
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That's wrong. GetLastBlockIndex(pindexBest, false) returns the pindex of the last PoW block, not of the last PoS block. Thus, the emission would be linear over time, not declining with time as it claimed to be in the coin specs. Mintcoin was advertised as 20% for the first year. While GetLastBlockIndex was returning the index of the last PoS block it was still 20%. The only problem was when the wallets tried to transition to 15%. The minting code was still trying to do 20% and the verification code was expecting 15%. There was also an off by one, as you said. The generation needed an Index+1 to get it into the 15% range. Again there were never two chains so no fork. Semantics over fork or not , could be said the following ways, Mintcoin was technically stuck at the fork and unable to continue on by choosing 20% or 15% (Stuck at the beginning of a possible fork). Because technically you were forking from 20% to 15% in your chain. But for those that don't agreed with frozen at a fork you could also say stuck at the crossroads. Even other terms could be used , Crashed, Frozen , or Dead in the Water. Ray provided the info that helped you code a fix, basically choose a path for the chain to continue on instead of being stuck.  |
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dragonseer
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December 21, 2014, 03:27:26 AM |
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That helps explains things a bit. Redownloading the blockchain now, oldest block is at 312 days, so that's not too far off.
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cryptomommy
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December 21, 2014, 02:08:47 PM |
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New wallet released - now back to the website overhaul. What would you like to see in the redesign?
We are looking to clean up the Mintcoin website - Please let us know if you have any suggestions on the redesign, structure or contents?
Also Keep a look out for our podcast coming out later today for information on the wallet upgrade as well as our teams progression.
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Derek492
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December 21, 2014, 08:00:12 PM |
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New wallet released - now back to the website overhaul. What would you like to see in the redesign?
We are looking to clean up the Mintcoin website - Please let us know if you have any suggestions on the redesign, structure or contents?
Also Keep a look out for our podcast coming out later today for information on the wallet upgrade as well as our teams progression.
Can you please change the file description of the wallet download to 1.14.0 on the website? New people will ever be confused when they go to download the wallet from Dropbox for example and it shows version 1.12.0 at the top above and version 1.4.0 below it they are going to think 1.12 is the latest version and be like wtf once they don't mint anything. |
Stop Mining. Start Minting. Mintcoin [MINT]
5% annual minting reward. Mintcoins don't wear out like mining gear. They keep on minting!
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cryptomommy
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December 22, 2014, 01:01:08 AM |
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Absolutely - I need to completely restructure dropbox files - its on my todo list  (hopefully tomorrow am) New wallet released - now back to the website overhaul. What would you like to see in the redesign?
We are looking to clean up the Mintcoin website - Please let us know if you have any suggestions on the redesign, structure or contents?
Also Keep a look out for our podcast coming out later today for information on the wallet upgrade as well as our teams progression.
Can you please change the file description of the wallet download to 1.14.0 on the website? New people will ever be confused when they go to download the wallet from Dropbox for example and it shows version 1.12.0 at the top above and version 1.4.0 below it they are going to think 1.12 is the latest version and be like wtf once they don't mint anything. |
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georgidimitrov
Member
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Activity: 101
Merit: 10
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December 22, 2014, 10:02:15 PM |
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fonzerrellie
Legendary
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Activity: 1190
Merit: 1000
Kaspa
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December 22, 2014, 11:05:47 PM |
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Polo has been frozen since last night, I think their just upgrading to the new wallets
are there any multipools that payout in mint?
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Digithusiast
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December 23, 2014, 09:26:39 AM |
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Syncing the blockchain in wallet 1.14 took over 3.5 days.
I fear not many (new) users are willing to invest so much time in getting a wallet to work...
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georgidimitrov
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Activity: 101
Merit: 10
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December 23, 2014, 10:34:17 AM |
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Syncing the blockchain in wallet 1.14 took over 3.5 days.
I fear not many (new) users are willing to invest so much time in getting a wallet to work...
I can confirm that. In my case processing the bootstrap took 74 hours. |
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MarSas
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December 23, 2014, 02:16:24 PM |
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There is another way, kiklo uploaded the blockchain files some time age. Then it took my wallet 15 minutes to get full sync.
It was not necessary to download the blockchain from scratch for 1.14.0.
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fonzerrellie
Legendary
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Activity: 1190
Merit: 1000
Kaspa
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December 23, 2014, 07:42:36 PM |
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i was only about 20 days behind when I started the new update using the bootstrap and for sure it took way too long (approx 20+ hrs)
too bad theres not a way to do it were the wallet only needs to download the last 100k blocks to sync or something to zip it along... must be annoying for the android wallet
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Argon18
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December 24, 2014, 11:36:20 AM |
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Fair well David Latapie..
I am sad to say that David Latapie will no longer be supporting Mintcoin Fund
During the last Community hangout David Latipie announced that he does not wish to be apart of the Mintcoin Fund any longer.
WTF???
MINTCOIN DOWN and BIG TEAM MEMBER DESERTS SHIP.
U want us to wait and send you donations while big team member cashes out.
Will sell while stil can.
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dragonseer
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December 24, 2014, 01:55:45 PM |
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Fair well David Latapie..
I am sad to say that David Latapie will no longer be supporting Mintcoin Fund
During the last Community hangout David Latipie announced that he does not wish to be apart of the Mintcoin Fund any longer.
WTF???
MINTCOIN DOWN and BIG TEAM MEMBER DESERTS SHIP.
U want us to wait and send you donations while big team member cashes out.
Will sell while stil can.
If that's true it's unfortunate, however I have to say I never thought much of the 'Mintcoin Fund' as it was pitched. It always seemed like a bit of a gimmick, i.e. the 'first NGO for a crypto!' seemed like it was just a line tossed out there without a much of a plan. Make the coin a success first and then worry about giving something back. The fundamentals of mintcoin are what matters, and any altcoin that has purported to have some charitable or benevolent aim has fell flat on it's face anyway. |
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fonzerrellie
Legendary
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Activity: 1190
Merit: 1000
Kaspa
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December 25, 2014, 09:19:08 PM |
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Merry Xmas Mintcoin community 2015 is on it's way... time for mint to start climbing back up the ranks |
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