[ANN][BEE]BeeCoin - Launched/5 EXCHANGES

[soopy452000]

Sorry guys my internet was down.

Working on the source will post an update in a few hours also an advice on POS and difficulty curbing , the best way to curb difficulty is using KGW and tweaking it for the best of BEE and as far as POS is more for the holders , what I suggest is first add KGW difficulty retarget formula tweaked for BEE and then later on when BEE goes BEEing we'd go ahead with POS for POS to effectively initiate we need a stronger network and also more community would mean more effectiveness , also about rewards what are your thoughts about it? and the MAX_MONEY.

Cheers!
Soopy

[1714667282]

1714667282

[1714667282]

1714667282

[cryptohunter]

Sorry guys my internet was down.

Working on the source will post an update in a few hours also an advice on POS and difficulty curbing , the best way to curb difficulty is using KGW and tweaking it for the best of BEE and as far as POS is more for the holders , what I suggest is first add KGW difficulty retarget formula tweaked for BEE and then later on when BEE goes BEEing we'd go ahead with POS for POS to effectively initiate we need a stronger network and also more community would mean more effectiveness , also about rewards what are your thoughts about it? and the MAX_MONEY.

Cheers!
Soopy

Hi soopy

thanks for very much for getting back to us

I think we have to keep max money the same? 24 billion or else some people may not like that if we change.

What right now does beecoin use for diff retarget ? it seems to have a very fast reacting retarget... is this not KGW?

Also i did see some discussion that KGW has some security issues? aurora are worried about introducing it.

Is the block tax idea possible too? I really like the idea of the 2% tax for the green peace bee fund and i very much like the idea of the development pot of 2% also. Personally i would vote for the dev pot being even higher so we actually have funds to create lots of new projects for beecoin. We really need to build some great things for beecoin, casinos , an exchange perhaps with its own bee market. Many things we need to do ... an android wallet. Also i feel the dev should have at the very least a 1% stake in the coin for the constant updating and fixing of things.  This is not like a premine where some devs just dump on exchange then make a new coin .... this is 1% for continued interest in the coin doing well and helping to develop the core if and when needed.

We need to not be short sighted about beecoin, not treat it as pump and dump like other coins. We should develop this coin into something long term and that has lots of on going projects happening.

[GREEDYJOHN]

Sorry guys my internet was down.

Working on the source will post an update in a few hours also an advice on POS and difficulty curbing , the best way to curb difficulty is using KGW and tweaking it for the best of BEE and as far as POS is more for the holders , what I suggest is first add KGW difficulty retarget formula tweaked for BEE and then later on when BEE goes BEEing we'd go ahead with POS for POS to effectively initiate we need a stronger network and also more community would mean more effectiveness , also about rewards what are your thoughts about it? and the MAX_MONEY.

Cheers!
Soopy

Hi soopy

thanks for very much for getting back to us

I think we have to keep max money the same? 24 billion or else some people may not like that if we change.

What right now does beecoin use for diff retarget ? it seems to have a very fast reacting retarget... is this not KGW?

Also i did see some discussion that KGW has some security issues? aurora are worried about introducing it.

Is the block tax idea possible too? I really like the idea of the 2% tax for the green peace bee fund and i very much like the idea of the development pot of 2% also. Personally i would vote for the dev pot being even higher so we actually have funds to create lots of new projects for beecoin. We really need to build some great things for beecoin, casinos , an exchange perhaps with its own bee market. Many things we need to do ... an android wallet. Also i feel the dev should have at the very least a 1% stake in the coin for the constant updating and fixing of things.  This is not like a premine where some devs just dump on exchange then make a new coin .... this is 1% for continued interest in the coin doing well and helping to develop the core if and when needed.

We need to not be short sighted about beecoin, not treat it as pump and dump like other coins. We should develop this coin into something long term and that has lots of on going projects happening.

I AGREE, a total of 5% tax isn't bad for a coin that is going to the moon.

[cryptohunter]

Sorry guys my internet was down.

Working on the source will post an update in a few hours also an advice on POS and difficulty curbing , the best way to curb difficulty is using KGW and tweaking it for the best of BEE and as far as POS is more for the holders , what I suggest is first add KGW difficulty retarget formula tweaked for BEE and then later on when BEE goes BEEing we'd go ahead with POS for POS to effectively initiate we need a stronger network and also more community would mean more effectiveness , also about rewards what are your thoughts about it? and the MAX_MONEY.

Cheers!
Soopy

Hi soopy

thanks for very much for getting back to us

I think we have to keep max money the same? 24 billion or else some people may not like that if we change.

What right now does beecoin use for diff retarget ? it seems to have a very fast reacting retarget... is this not KGW?

Also i did see some discussion that KGW has some security issues? aurora are worried about introducing it.

Is the block tax idea possible too? I really like the idea of the 2% tax for the green peace bee fund and i very much like the idea of the development pot of 2% also. Personally i would vote for the dev pot being even higher so we actually have funds to create lots of new projects for beecoin. We really need to build some great things for beecoin, casinos , an exchange perhaps with its own bee market. Many things we need to do ... an android wallet. Also i feel the dev should have at the very least a 1% stake in the coin for the constant updating and fixing of things.  This is not like a premine where some devs just dump on exchange then make a new coin .... this is 1% for continued interest in the coin doing well and helping to develop the core if and when needed.

We need to not be short sighted about beecoin, not treat it as pump and dump like other coins. We should develop this coin into something long term and that has lots of on going projects happening.

I AGREE, a total of 5% tax isn't bad for a coin that is going to the moon.

Exactly 5% is nothing if we are donating to the bee fund and some % for the devs continued work, and some developments and projects to get started up. As the beecoin price rises.... that % will pay for a lot of new services.

I mean if we raise beecoin up from a few litoshi to a few satoshi ...... that is 1000's%  people need not to be short sighted about this project. Beecoin can be a really nice project.

[bizzargin]

5% works for me as well.

2 for BEES
2 for Development
1 for Dev himself.

(This is why I don;t understand why people hate pre-mines so much.  It really helps a coin in the early stages.)

[cryptohunter]

5% works for me as well.

2 for BEES
2 for Development
1 for Dev himself.

(This is why I don;t understand why people hate pre-mines so much.  It really helps a coin in the early stages.)

Yes, with this set up ... beecoin can go very far.

Premine is not very good because devs are able to just dump the premine and leave the project.  Lots of devs do this and create lots of coins and abandon after they sell their premine on the exchange the first day.

this is a gradual block tax and i like it a lot... keeps interest , keeps generating money for projects, keeps generating funds for bees.

[bizzargin]

5% works for me as well.

2 for BEES
2 for Development
1 for Dev himself.

(This is why I don;t understand why people hate pre-mines so much.  It really helps a coin in the early stages.)

Premine is not very good because devs are able to just dump the premine and leave the project

I understand that, but when they are transparent with the addresses and show where its going, I think it's almost a necessity.  Releasing a coin into the wild and hoping it takes off is almost certain failure now.

[cryptohunter]

5% works for me as well.

2 for BEES
2 for Development
1 for Dev himself.

(This is why I don;t understand why people hate pre-mines so much.  It really helps a coin in the early stages.)

Premine is not very good because devs are able to just dump the premine and leave the project

I understand that, but when they are transparent with the addresses and show where its going, I think it's almost a necessity.  Releasing a coin into the wild and hoping it takes off is almost certain failure now.

Ah yes like that is not so bad you are correct. However gradual block tax i think is far better. With the transparent wallet we can see where the funds going but still can not stop them selling it all in one quick blast.

beecoin can really fund some nice projects with this set up

this dev seems really cool anyway, and i think will be much more active than most devs too.  Seems to know a lot about coin design and tech also.

[yacare]

Totally agree with you guys.

There are just too many coins out there, most of them purposeless, and most of those purposeless coins are going down, down, down.

BeeCoin needs a purpose. 2% to support bees (and there for, long-term life sustainability on this planet) sounds very good.

And, as this is no longer a joke meme coin, we need to change it's image too. We will need some pro org/npo like overall image, and maybe we can pay for that with the 2% dev tax.

This is looking good  

[niothor]

Totally agree with you guys.

There are just too many coins out there, most of them purposeless, and most of those purposeless coins are going down, down, down.

BeeCoin needs a purpose. 2% to support bees (and there for, long-term life sustainability on this planet) sounds very good.

And, as this is no longer a joke meme coin, we need to change it's image too. We will need some pro org/npo like overall image, and maybe we can pay for that with the 2% dev tax.

This is looking good  

Two good points.
The coin needs to go out of the herd of copypaste coins or it will share their faith.

[cryptohunter]

Yes and good to see the community starting to make a bit of a come back.

Soon we'll start a new thread and a new marketing campaign also.

[blackswan]

Yes and good to see the community starting to make a bit of a come back.

Soon we'll start a new thread and a new marketing campaign also.

+1

[LongTDP]

Remember to continue voting, everybody. Especially https://www.mintpal.com/voting/ . Vote every few hours if you can

[Cor2]

... the best way to curb difficulty is using KGW and tweaking it for the best of BEE and as far as POS is more for the holders , what I suggest is first add KGW difficulty retarget formula tweaked for BEE and then later on when BEE goes BEEing we'd go ahead with POS

Also i did see some discussion that KGW has some security issues? aurora are worried about introducing it.

CGA coin has removed KGW from their code to avoid exploits...

Orbit has PoS already implemented, if you want to take a look at their code.
Only the Orbit dev (TheRedMist) is MIA, we have recently only seen support from a hired dev Ghostlander.

[soopy452000]

... the best way to curb difficulty is using KGW and tweaking it for the best of BEE and as far as POS is more for the holders , what I suggest is first add KGW difficulty retarget formula tweaked for BEE and then later on when BEE goes BEEing we'd go ahead with POS

Also i did see some discussion that KGW has some security issues? aurora are worried about introducing it.

CGA coin has removed KGW from their code to avoid exploits...

Orbit has PoS already implemented, if you want to take a look at their code.
Only the Orbit dev (TheRedMist) is MIA, we have recently only seen support from a hired dev Ghostlander.

KGW has not been verified totally and is on theory and sandboxed operations and not tested on a real blockchain with 100 - 1000s of wallets and miners so yah , a network is secured by the number miners mining and the support of the end users thus it is what makes the network stronger to outside attacks , KGW is simply an algorithm to curb retarget issues and multipool attacks so even if exploited will not make any drastic impacts to the coin.

POS implementation is not an issue , it's just that we need to get the priorities straighted out and discussed with the tops in the community such as Cryptohunter and John since they are the one's who know's what the community needs.

PS: Orbitcoin became an entire mess sometime back.

Regards,
Soopy

[niothor]

... the best way to curb difficulty is using KGW and tweaking it for the best of BEE and as far as POS is more for the holders , what I suggest is first add KGW difficulty retarget formula tweaked for BEE and then later on when BEE goes BEEing we'd go ahead with POS

Also i did see some discussion that KGW has some security issues? aurora are worried about introducing it.

CGA coin has removed KGW from their code to avoid exploits...

Orbit has PoS already implemented, if you want to take a look at their code.
Only the Orbit dev (TheRedMist) is MIA, we have recently only seen support from a hired dev Ghostlander.

KGW has not been verified totally and is on theory and sandboxed operations and not tested on a real blockchain with 100 - 1000s of wallets and miners so yah , a network is secured by the number miners mining and the support of the end users thus it is what makes the network stronger to outside attacks , KGW is simply an algorithm to curb retarget issues and multipool attacks so even if exploited will not make any drastic impacts to the coin.

POS implementation is not an issue , it's just that we need to get the priorities straighted out and discussed with the tops in the community such as Cryptohunter and John since they are the one's who know's what the community needs.

PS: Orbitcoin became an entire mess sometime back.

Regards,
Soopy

If the exploit is possible then I wound't be so sure about this.
Looking at the thread BCX started , the exploit itself would lead to far more dangerous options for the attacker.

[Invisible Hands]

Is this coin a "random" rewards coin as stated in the OP or has this been changed?  Thanks

[soopy452000]

... the best way to curb difficulty is using KGW and tweaking it for the best of BEE and as far as POS is more for the holders , what I suggest is first add KGW difficulty retarget formula tweaked for BEE and then later on when BEE goes BEEing we'd go ahead with POS

Also i did see some discussion that KGW has some security issues? aurora are worried about introducing it.

CGA coin has removed KGW from their code to avoid exploits...

Orbit has PoS already implemented, if you want to take a look at their code.
Only the Orbit dev (TheRedMist) is MIA, we have recently only seen support from a hired dev Ghostlander.

KGW has not been verified totally and is on theory and sandboxed operations and not tested on a real blockchain with 100 - 1000s of wallets and miners so yah , a network is secured by the number miners mining and the support of the end users thus it is what makes the network stronger to outside attacks , KGW is simply an algorithm to curb retarget issues and multipool attacks so even if exploited will not make any drastic impacts to the coin.

POS implementation is not an issue , it's just that we need to get the priorities straighted out and discussed with the tops in the community such as Cryptohunter and John since they are the one's who know's what the community needs.

PS: Orbitcoin became an entire mess sometime back.

Regards,
Soopy

If the exploit is possible then I wound't be so sure about this.
Looking at the thread BCX started , the exploit itself would lead to far more dangerous options for the attacker.

True any exploit gives dangerous options for the attacker but then again on the same thread someone challenged BCX to exploit Mazacoin but then it's yet to be tested on a real world scenario.

But I still doubt about the exploit and yet believe in the alogrithm, it's ultimatly the community's choice in embracing the same or not , thereby I'm not trying to push anything on to the community if they don't want it , just putting it all on the table , also the Kimoto Algorithm is widely used.

And while disecting and studying the algorithm I have not been able to find flaws with it though found many on other features.

~Soopy~

[cryptohunter]

... the best way to curb difficulty is using KGW and tweaking it for the best of BEE and as far as POS is more for the holders , what I suggest is first add KGW difficulty retarget formula tweaked for BEE and then later on when BEE goes BEEing we'd go ahead with POS

Also i did see some discussion that KGW has some security issues? aurora are worried about introducing it.

CGA coin has removed KGW from their code to avoid exploits...

Orbit has PoS already implemented, if you want to take a look at their code.
Only the Orbit dev (TheRedMist) is MIA, we have recently only seen support from a hired dev Ghostlander.

KGW has not been verified totally and is on theory and sandboxed operations and not tested on a real blockchain with 100 - 1000s of wallets and miners so yah , a network is secured by the number miners mining and the support of the end users thus it is what makes the network stronger to outside attacks , KGW is simply an algorithm to curb retarget issues and multipool attacks so even if exploited will not make any drastic impacts to the coin.

POS implementation is not an issue , it's just that we need to get the priorities straighted out and discussed with the tops in the community such as Cryptohunter and John since they are the one's who know's what the community needs.

PS: Orbitcoin became an entire mess sometime back.

Regards,
Soopy

If the exploit is possible then I wound't be so sure about this.
Looking at the thread BCX started , the exploit itself would lead to far more dangerous options for the attacker.

True any exploit gives dangerous options for the attacker but then again on the same thread someone challenged BCX to exploit Mazacoin but then it's yet to be tested on a real world scenario.

But I still doubt about the exploit and yet believe in the alogrithm, it's ultimatly the community's choice in embracing the same or not , thereby I'm not trying to push anything on to the community if they don't want it , just putting it all on the table , also the Kimoto Algorithm is widely used.

And while disecting and studying the algorithm I have not been able to find flaws with it though found many on other features.

~Soopy~

If you think it is best Soopy we got with whatever plan you think best. If you take over as dev on Beecoin that would be great and you will have full control regarding the coin.

I was just wondering? does Bee not already have KGW ?  It seems to have a very strong diff adjust every block.

If you think it is best for us to wait to have POS implemented then  that is what we will do.

I am very confident the network will grow rapidly once we decide on the coins plan and implement that, because we will start a very large marketing and givewaway campaign.

Will the 2% 2% 1% block taxes be easy to code in?

[soopy452000]

... the best way to curb difficulty is using KGW and tweaking it for the best of BEE and as far as POS is more for the holders , what I suggest is first add KGW difficulty retarget formula tweaked for BEE and then later on when BEE goes BEEing we'd go ahead with POS

Also i did see some discussion that KGW has some security issues? aurora are worried about introducing it.

CGA coin has removed KGW from their code to avoid exploits...

Orbit has PoS already implemented, if you want to take a look at their code.
Only the Orbit dev (TheRedMist) is MIA, we have recently only seen support from a hired dev Ghostlander.

KGW has not been verified totally and is on theory and sandboxed operations and not tested on a real blockchain with 100 - 1000s of wallets and miners so yah , a network is secured by the number miners mining and the support of the end users thus it is what makes the network stronger to outside attacks , KGW is simply an algorithm to curb retarget issues and multipool attacks so even if exploited will not make any drastic impacts to the coin.

POS implementation is not an issue , it's just that we need to get the priorities straighted out and discussed with the tops in the community such as Cryptohunter and John since they are the one's who know's what the community needs.

PS: Orbitcoin became an entire mess sometime back.

Regards,
Soopy

If the exploit is possible then I wound't be so sure about this.
Looking at the thread BCX started , the exploit itself would lead to far more dangerous options for the attacker.

True any exploit gives dangerous options for the attacker but then again on the same thread someone challenged BCX to exploit Mazacoin but then it's yet to be tested on a real world scenario.

But I still doubt about the exploit and yet believe in the alogrithm, it's ultimatly the community's choice in embracing the same or not , thereby I'm not trying to push anything on to the community if they don't want it , just putting it all on the table , also the Kimoto Algorithm is widely used.

And while disecting and studying the algorithm I have not been able to find flaws with it though found many on other features.

~Soopy~

If you think it is best Soopy we got with whatever plan you think best. If you take over as dev on Beecoin that would be great and you will have full control regarding the coin.

I was just wondering? does Bee not already have KGW ?  It seems to have a very strong diff adjust every block.

If you think it is best for us to wait to have POS implemented then  that is what we will do.

I am very confident the network will grow rapidly once we decide on the coins plan and implement that, because we will start a very large marketing and givewaway campaign.

Will the 2% 2% 1% block taxes be easy to code in?

It would be great my friend if you can list out everything you and the community is looking to see implemented in a list here so everyone will know what they can expect.

I'm going to start working on the taxes tonight and most probably release a new client update within a couple of hours.

~Soopy~