DRPD
Legendary
 Offline
Activity: 1148
Merit: 1001
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March 31, 2014, 03:26:40 PM |
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Hello
just two question.
there will he a POS system in the future on this coin?
If not how the money will keep the smooth and fast transaction?
Hey 1.) afaik - no 2.) quote from op: "After mining for rewards the network will be secured with several CPU miners, enough to secure and insure transactions. " there is also the idea of a multipool: https://bitcointalk.org/index.php?topic=509173.msg5952954#msg59529542423 Blocks left go miner go .... cheers |
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"You Asked For Change, We Gave You Coins" -- casascius
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ShakinHandz
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March 31, 2014, 03:42:22 PM |
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I have been working on the idea of a multipool to drive some interest to the coin after the mining phase is over this should of course increase the value of the coin. A more challenging problem is to find a way of using the multipool as a medium to secure the network without affecting its profitability too much from the point of view of the users, some alternatives: - Redirect 1% of the hashrate to blitzcoin and charge 1% as administration fee, since most of the multipools charge 2% as an administration fee this would be competitive. This approach is quite simple for the user but is not really secure if there is only one multipool, this approach would work only if there are multiple multipools working the same way but it could be a waste of resources if the hahsrate is too high and the network could be secured with much less than that.
- The second alternative is to have a pool that disconnect miners X minutes after Y number of hours, and encouraging the users to use a failover to solo mine or use a pool that are mining blitz. Of course the problem with this is that the users must be honest about it and use the "down time" to secure the network, instead of mining some other more profitable coin but if they are interested in the multipool it means that they are somehow interested in the coin success so they should have the incentive to do it. The challenge is to make the pool profitable even taking into account this downtimes and also to find the correct parameters for X and Y.
If there is some interest from people to operate the pool I might give it a spin and release it as an open source project, since I have no problem developing it but don't have the time to operate it myself. Also I am a backend developer so graphic/web designers are also welcomed to help. What do you guys think ?. I'm interested in the design/web development portion of this. Are you still interested in the project? |
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cyrilbf
Member
Offline
Activity: 63
Merit: 10
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March 31, 2014, 03:47:19 PM |
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Hello
just two question.
there will he a POS system in the future on this coin?
If not how the money will keep the smooth and fast transaction?
Hey 1.) afaik - no 2.) quote from op: "After mining for rewards the network will be secured with several CPU miners, enough to secure and insure transactions. " there is also the idea of a multipool: https://bitcointalk.org/index.php?topic=509173.msg5952954#msg59529542423 Blocks left go miner go .... cheers ok I understand. Thank you for the quick reply |
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atrostophe
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March 31, 2014, 04:02:25 PM |
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what can we do to push up the price? its sitting at 0.00000042 on coinano right now...
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TwinWinNerD
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
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March 31, 2014, 04:06:43 PM |
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Hello
just two question.
there will he a POS system in the future on this coin?
If not how the money will keep the smooth and fast transaction?
Hey 1.) afaik - no 2.) quote from op: "After mining for rewards the network will be secured with several CPU miners, enough to secure and insure transactions. " there is also the idea of a multipool: https://bitcointalk.org/index.php?topic=509173.msg5952954#msg59529542423 Blocks left go miner go .... cheers So the 5 cents per block will keep enough people mining to prevent a 51% attacK? |
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slavo
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March 31, 2014, 04:46:03 PM |
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Hello
just two question.
there will he a POS system in the future on this coin?
If not how the money will keep the smooth and fast transaction?
Hey 1.) afaik - no 2.) quote from op: "After mining for rewards the network will be secured with several CPU miners, enough to secure and insure transactions. " there is also the idea of a multipool: https://bitcointalk.org/index.php?topic=509173.msg5952954#msg59529542423 Blocks left go miner go .... cheers So the 5 cents per block will keep enough people mining to prevent a 51% attacK? i already pm'd the dev about this  |
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123538919
Newbie
Offline
Activity: 1
Merit: 0
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March 31, 2014, 05:16:38 PM |
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+1+1+1+1   |
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yesiam6
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March 31, 2014, 05:33:53 PM |
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Did anybody get their IPO coins yet?  The Dev has been ignoring my messages regarding my coins. |
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Hash72
Sr. Member
Offline
Activity: 294
Merit: 250
★YoBit.Net★ 350+ Coins Exchange & Dice
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March 31, 2014, 06:26:36 PM |
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Nicolaas.R
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March 31, 2014, 08:00:07 PM |
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i'm voting every hour
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buzz2708
Member
Offline
Activity: 98
Merit: 10
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March 31, 2014, 11:12:42 PM |
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Can anybody tell smth about Atomic-Trade?
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BTC : 1Nt7TtotpU5L2Duz6igVX2b2kYN61rpMiz
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raganius
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April 01, 2014, 12:51:04 AM |
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Did anybody get their IPO coins yet? The Dev has been ignoring my messages regarding my coins. I haven't received any coins yet. It seems that no one has... Dev, what's the schedule for us? |
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madmartyk
Legendary
Offline
Activity: 2674
Merit: 1030
Yes I am a pirate, 300 years too late!
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April 01, 2014, 12:55:17 AM |
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At least the DEV here has been online, the poor people at Standard Coin the DEV there has been missing for a few days now.
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TwinWinNerD
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
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April 01, 2014, 01:12:22 AM |
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Did anybody get their IPO coins yet? The Dev has been ignoring my messages regarding my coins. I haven't received any coins yet. It seems that no one has... Dev, what's the schedule for us? Is there a link to the premined coins? So we can check that the dev hasn't dumped them yet? |
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Vann
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April 01, 2014, 01:24:15 AM |
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At least the DEV here has been online, the poor people at Standard Coin the DEV there has been missing for a few days now.
So they sent BTC to some anonymous new poster and there was a problem? IDK how that could happen! Sounds to me like they got exactly what they deserved. |
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anyone4u
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April 01, 2014, 02:14:51 AM |
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Can anybody tell smth about Atomic-Trade?
Atomic trade, secure, I read up on it earlier. They posted their security ratings and how they came to them and a chart. Looks very good. |
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buzz2708
Member
Offline
Activity: 98
Merit: 10
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April 01, 2014, 03:38:03 AM |
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Can anybody tell smth about Atomic-Trade?
Atomic trade, secure, I read up on it earlier. They posted their security ratings and how they came to them and a chart. Looks very good. Thanks for info. But it's a little bit uncomfartable that there is no showing last ask/bid price, only graph |
BTC : 1Nt7TtotpU5L2Duz6igVX2b2kYN61rpMiz
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dukas93
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April 01, 2014, 03:51:08 AM |
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so nobody get their IPO Coins?
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