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Question: What should we do with the NYAN algorithm?
Change it to X-11 w/ same distribution
Change it to pure POS w/ same distribution
Change it to pure POS with decreased supply

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Author Topic: [ANN][NYAN] NyanCoin - ★★★V1.2 Released! Now Listed on Cryptsy! ★★★  (Read 57237 times)
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chanbtc
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November 16, 2015, 05:56:35 PM
 #1121





Yeah, in general I wouldn't be opposed to moving away from mining equipment; it's going away from the existing pool (prohashing) more disappointing. I haven't had a chance to be watching the Nyanchain lately; is it running a bit better? I do think "Nyancoins PoW" is going to keep going. Someday I think it would be cool to have a "Nyancoins PoS" forked from it, and perhaps we could even update the difficulty algorithm to work a bit better, but I do think we ultimately just need good baseline mining equipment support to get Nyancoins PoW to work well, no difficulty algorithm can compensate for that.



I re-read your post and start to believe that a PoW/PoS hybrid should now be suitable for Nyan. It won't disappoint the existing pool, while can keep the blockchain running by PoS after each PoW hit-and-run.

The blockchain has been stable lately and has not had any hit-and-run attacks that I have noticed. I am still not interested in championing such a change and do not think it would be uncontroversial. In particular because PoS usually expects to get a reward as well, and I'm not going to fuck with the 337 million coin cap; that's a core feature. I am not planning any hard forks of any kind until NYAN3, which I expect no earlier than 2016Q4, and I don't plan anything controversial for that (any convenience changes we need, and hopefully something like a 2MB block size limit just to show we can, even though I've never seen a full block on the Nyanchain).


I am not suggesting to change it now either. I just believe PoW/PoS hybrid should be a good choice when we need to change.

Perhaps we can reduce PoW reward and provide a relatively small PoS reward to keep the coin cap.

There is no hit-and-run lately because Nyan is not so hot right now. But it doesn't mean we should not prevent hit-and-run from happening in the future.
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January 25, 2016, 11:53:33 PM
 #1122

BTW, Cryptsy has opened up Nyancoin for withdrawals.

My last WD came from these two addresses:

https://nyan.space/address/KEhaSorUVpadKeg5zw7mUm7uEJZCyYfvTV           current balance of 6900.11755453 NYAN
https://nyan.space/address/KNyR5nsqcqi2DnFysFv3ma523BFCJWMjDf            current balance of 3504.43178481 NYAN

They may have more but I would suggest people WD ASAP before these balances get depleted.

This one MIGHT also be Cryptsys but I'm not sure..cant see the balance because it has too many records to display on the block explorer.

https://nyan.space/address/KBziHEL9R9V2L346ccxeC2MM2daav2RMkQ

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January 30, 2016, 03:59:33 PM
 #1123

BTW, Cryptsy has opened up Nyancoin for withdrawals.

My last WD came from these two addresses:

https://nyan.space/address/KEhaSorUVpadKeg5zw7mUm7uEJZCyYfvTV           current balance of 6900.11755453 NYAN
https://nyan.space/address/KNyR5nsqcqi2DnFysFv3ma523BFCJWMjDf            current balance of 3504.43178481 NYAN

They may have more but I would suggest people WD ASAP before these balances get depleted.

This one MIGHT also be Cryptsys but I'm not sure..cant see the balance because it has too many records to display on the block explorer.

https://nyan.space/address/KBziHEL9R9V2L346ccxeC2MM2daav2RMkQ

Great news, thanks man! Just realized that I had NYANs left there... it's not much btc worth))) but who knows)

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