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Author Topic: CREDITS: INFLATION PERIOD OVER, SECOND HARD FORK + POKER ROOM COMING SOON  (Read 91819 times)
ultrastructure
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March 06, 2014, 10:48:22 PM
 #921

dnaanders your complete lack of understanding of the miners concerns is worrying. If all the coin has going for it is day trading why mine it when we can mine a profitable coin and sell that to buy into CR trading? I fell bad now because me and my housemate went halves in our rig and now I need to break it to him I wasted 2 days on a coin with an ignorant dev. I just hope I can empty my wallet before there isn't enough hashrate to move CR.

Listen, we are making changes as we speak.  Please disregard the dev that made that post, as well as a lot of the posts on the previous page.  

I still trust you guys. My suggestion is to increase the block reward every week for four weeks (up to 4k/block), then decrease. This will bring plenty of new miners to come on board while we establish the community and then engage in a phase that will increase the value of the already mined coins.

That's right along the lines of what we were thinking, six months is much too long.  Perhaps a month long like you said, and increase it in smaller increments at a faster rate (every 3-4 days)?

I like this. Have you thought about how high the block rewards will go in the end? Maybe 13k is too high?

Thanks!  Yeah, we're either going to raise the block rewards overall, or lower them (either way making them very close to each other, more consistent). 



Awesome. I'll be mining credits for the entire next month either way, thanks
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Ghorky
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March 07, 2014, 12:14:32 AM
 #922

Sound good in there. Market place have a good start. Wanna see more stuff in the future !

Good job dev's !!!  Wink
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March 07, 2014, 12:18:52 AM
 #923

Thanks devs!

I'll be mining credits until OmniCoin arrives Smiley.

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March 07, 2014, 12:39:04 AM
 #924

Thanks devs!

I'll be mining credits until OmniCoin arrives Smiley.

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When does that launch? Features?
cryptohunter
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March 07, 2014, 12:41:03 AM
 #925

good idea to cut back on the planned rewards... I would say never exceed 3k per block....even 2k... if new people are coming then will be here inside 1 month for sure.... you know what attracts miners...seeing it on coinmarketcap and see a high cap value with some decent profit. 7

Of course active devs are essential too with new fresh ideas.

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embicoin
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March 07, 2014, 02:26:50 AM
 #926

I was reviewing the source code...
I see that:

Code:
   BOOST_FOREACH(const CTxOut& txout, vout)
        if (!::IsStandard(txout.scriptPubKey))
            return false;



    return true;

In main.cpp, line 288.
https://github.com/usecredits/Credits/blob/master/src/main.cpp#L288

In other coins the same function is like:

Code:
   BOOST_FOREACH(const CTxOut& txout, vout){
        if (!::IsStandard(txout.scriptPubKey))
            return false;



    return true;
}

Do you realized that there are no curly brackets in that function?
Is it made on purpose?
I am not a c++ expert but, could it affect the program in any way?

Please, some coder give light to the matter Wink

If you want to support my contributions to the crypto space with some caffeine or a beer in form of satoshis: BTC 17z1x4gr1GsjM7Tgh5qYamDNrAx3LvrpTa Wink Thank you very much!!!
Egoista
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March 07, 2014, 02:57:25 AM
 #927

I was reviewing the source code...
I see that:

Code:
   BOOST_FOREACH(const CTxOut& txout, vout)
        if (!::IsStandard(txout.scriptPubKey))
            return false;



    return true;

In main.cpp, line 288.
https://github.com/usecredits/Credits/blob/master/src/main.cpp#L288

In other coins the same function is like:

Code:
   BOOST_FOREACH(const CTxOut& txout, vout){
        if (!::IsStandard(txout.scriptPubKey))
            return false;



    return true;
}

Do you realized that there are no curly brackets in that function?
Is it made on purpose?
I am not a c++ expert but, could it affect the program in any way?

Please, some coder give light to the matter Wink


The one with no curly brackets is inside another function. Everything has compiled nicely thus far.

dnaanders
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March 07, 2014, 04:00:07 AM
 #928

Hey guys, the devs are discussing the changes that we are going to implement in the block rewards system, and this is (roughly, keep in mind) what we have come up with.  
30 day inflationary period, as opposed to 6 month.  
6 increases, each after five days.
2000>> 2250>> 2500>> 2750>> 3000>> 4000 >> goes down to 3000 and down, down, down

Let me know your opinions, as this is obviously not set in stone yet.
y3804
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March 07, 2014, 04:35:05 AM
 #929

Hey guys, the devs are discussing the changes that we are going to implement in the block rewards system, and this is (roughly, keep in mind) what we have come up with.  
30 day inflationary period, as opposed to 6 month.  
6 increases, each after five days.
2000>> 2250>> 2500>> 2750>> 3000>> 4000 >> goes down to 3000 and down, down, down

Let me know your opinions, as this is obviously not set in stone yet.

basically youre telling me to dump right?
dnaanders
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March 07, 2014, 04:41:30 AM
 #930

Hey guys, the devs are discussing the changes that we are going to implement in the block rewards system, and this is (roughly, keep in mind) what we have come up with.  
30 day inflationary period, as opposed to 6 month.  
6 increases, each after five days.
2000>> 2250>> 2500>> 2750>> 3000>> 4000 >> goes down to 3000 and down, down, down

Let me know your opinions, as this is obviously not set in stone yet.

basically youre telling me to dump right?

How would you gather that?
BitCoinPokerBro
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March 07, 2014, 05:20:29 AM
 #931

Hey guys, the devs are discussing the changes that we are going to implement in the block rewards system, and this is (roughly, keep in mind) what we have come up with.  
30 day inflationary period, as opposed to 6 month.  
6 increases, each after five days.
2000>> 2250>> 2500>> 2750>> 3000>> 4000 >> goes down to 3000 and down, down, down

Let me know your opinions, as this is obviously not set in stone yet.

30 days is much more reasonable

Will the reward decrease structure be modified as well?
cryptohunter
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March 07, 2014, 05:32:45 AM
 #932

Hey guys, the devs are discussing the changes that we are going to implement in the block rewards system, and this is (roughly, keep in mind) what we have come up with.  
30 day inflationary period, as opposed to 6 month.  
6 increases, each after five days.
2000>> 2250>> 2500>> 2750>> 3000>> 4000 >> goes down to 3000 and down, down, down

Let me know your opinions, as this is obviously not set in stone yet.

basically youre telling me to dump right?

Not at all, development dictates price as well as minting. The fact the devs are so active on this coin and ready to involve us in decisions makes me more and more confident about holding this coin, plus no instamine for them or premine..... they are taking the coins over time through the dev pools (which we should all use) this is the best way for devs to get their coins... gives them stable money incoming for projects.

Why would you even think of dumping this compared to other shitclones.

I would peak out at 3000 that is already 3x rewards. To be honest i wouldn't even increase rewards at all until after further dev. The development is very good so far. HOwever more plans for development would be good before further increasing...........people will just dump 3x more on the market if we give them no reason to hold.

Specify details of future development that will make them cling on to those coins.

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dnaanders
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March 07, 2014, 06:03:45 AM
 #933

Hey guys, the devs are discussing the changes that we are going to implement in the block rewards system, and this is (roughly, keep in mind) what we have come up with.  
30 day inflationary period, as opposed to 6 month.  
6 increases, each after five days.
2000>> 2250>> 2500>> 2750>> 3000>> 4000 >> goes down to 3000 and down, down, down

Let me know your opinions, as this is obviously not set in stone yet.

basically youre telling me to dump right?

Not at all, development dictates price as well as minting. The fact the devs are so active on this coin and ready to involve us in decisions makes me more and more confident about holding this coin, plus no instamine for them or premine..... they are taking the coins over time through the dev pools (which we should all use) this is the best way for devs to get their coins... gives them stable money incoming for projects.

Why would you even think of dumping this compared to other shitclones.

I would peak out at 3000 that is already 3x rewards. To be honest i wouldn't even increase rewards at all until after further dev. The development is very good so far. HOwever more plans for development would be good before further increasing...........people will just dump 3x more on the market if we give them no reason to hold.

Specify details of future development that will make them cling on to those coins.

Thank you CryptoHunter, taking user's suggestions into account and making them a reality doesn't seem to be very popular in the crypto community, but it should be!  We will definitely be thinking forward regarding further development, as we're looking to get a fork out in the next couple of days.  
BotwinBG
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March 07, 2014, 07:09:36 AM
 #934

How often will it halv after peaking?
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March 07, 2014, 07:59:24 AM
 #935

Stay tuned, shouldn't be too long!
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March 07, 2014, 08:06:24 AM
 #936

Not too sure what this means for me - all coins mined so far = pointless with re-launch??

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March 07, 2014, 08:11:45 AM
 #937

Not too sure what this means for me - all coins mined so far = pointless with re-launch??

No, keep your coins, everything will be explained shortly. Most of the devs are sleeping.

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March 07, 2014, 08:13:17 AM
 #938

Not too sure what this means for me - all coins mined so far = pointless with re-launch??

I want to know too ... i don't be happy to loose many hours of mining because i want this coin lives even if the reward is not high at the start ....
I think it's a bad idea to change the reward. Low reward at the start means few miners and low difficulty... at the end we can earn the same things than whith a better reward / block with too many miners and high difficulty... The original reward system seems good for people think coin can success in few years...

I see as with many coin, we will see a big selling day after day and nothing more..

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ubel
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March 07, 2014, 09:01:04 AM
 #939

Not too sure what this means for me - all coins mined so far = pointless with re-launch??

I want to know too ... i don't be happy to loose many hours of mining because i want this coin lives even if the reward is not high at the start ....
I think it's a bad idea to change the reward. Low reward at the start means few miners and low difficulty... at the end we can earn the same things than whith a better reward / block with too many miners and high difficulty... The original reward system seems good for people think coin can success in few years...

I see as with many coin, we will see a big selling day after day and nothing more..


I totally agree with you. But you have to understand that, on this forum, there are some very influent whales. I don't know if this relaunch is going to be good or bad for the CR coin. We will see...
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March 07, 2014, 09:31:24 AM
 #940

Not too sure what this means for me - all coins mined so far = pointless with re-launch??

I think he means it will be forked.  That means we'll need to download a new, updated wallet, and delete the blk0001.dat file here:
C:\Users\USERNAME\AppData\Roaming\Credits

If I'm not mistaken something like this happened with Dogecoin, then the price exploded right after.

Here's an example when it happened with Dogecoin:
http://doges.org/index.php?topic=6507.0

If my theory is right, you'll keep your coins, but need to delete some files on your computer, then redownload the blocks all over again.  I would need the devs to confirm this though.
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