[ANN] [DIEM] CarpeDiemCoin Ҩ Halves Daily Ҩ 48 Seconds for FULL CONFIRMATION

[Carpe Diem Coin]

The only fair option is raising transaction fees when mining hits 0, which I already suggested in our PM's. Otherwise it ruins the entire idea

This is the most likely scenario that will happen when rewards hit 0, otherwise we are artificially raising the max coins, which eliminates the whole point of daily halving

So transaction fees as proof of stake to maintain the network?

Well it wouldn't be proof of stake, those are different than proof of work blocks. You would basically just get paid the transaction fees with POW blocks for processing the transactions. POS breaks more coins than it helps when the different types of blocks get intermingled

Sidenote: Only 3 small walls on the sell side before the price can jump big time. DIEM also still has the highest LTC trading volume and over 1/3 of the total LTC trading. Not sure why you think there is such little interest. It's just not a high traffic exchange, is all. Don't forget there will be a lot more transactions once Paysha is live and there are multiple exchanges with active trading, due to arbitrage transferring

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[imaginary_coinputer]

http://23.94.15.22:2750/chain/carpediemcoin?count=100&hi=122263

Looking at block explorer right now, there is only 1-2 transactions per 100 blocks.
So if we raise transactions to 1000 DIEM per transaction, there will be about ~20 DIEM per block on average transaction reward for miners.
100 DIEM per transaction would earn 2 DIEM per block for miners.

Also, high transaction fees are an incentive to use another coin with low transaction costs.

[tripppn]

39 is the next BIG resistance point once we get past 9

[apmapm12]

39 is the next BIG resistance point once we get past 9

Moving on up! that island is getting closer

[andyatcrux]

The only fair option is raising transaction fees when mining hits 0, which I already suggested in our PM's. Otherwise it ruins the entire idea

This is the most likely scenario that will happen when rewards hit 0, otherwise we are artificially raising the max coins, which eliminates the whole point of daily halving

So transaction fees as proof of stake to maintain the network?

Well it wouldn't be proof of stake, those are different than proof of work blocks. You would basically just get paid the transaction fees with POW blocks for processing the transactions. POS breaks more coins than it helps when the different types of blocks get intermingled

Sidenote: Only 3 small walls on the sell side before the price can jump big time. DIEM also still has the highest LTC trading volume and over 1/3 of the total LTC trading. Not sure why you think there is such little interest. It's just not a high traffic exchange, is all. Don't forget there will be a lot more transactions once Paysha is live and there are multiple exchanges with active trading, due to arbitrage transferring

Got it, I misunderstood. So mining will continue with TX fees as the awards. I thought mining might be ending completely.

[Carpe Diem Coin]

The only fair option is raising transaction fees when mining hits 0, which I already suggested in our PM's. Otherwise it ruins the entire idea

This is the most likely scenario that will happen when rewards hit 0, otherwise we are artificially raising the max coins, which eliminates the whole point of daily halving

So transaction fees as proof of stake to maintain the network?

Well it wouldn't be proof of stake, those are different than proof of work blocks. You would basically just get paid the transaction fees with POW blocks for processing the transactions. POS breaks more coins than it helps when the different types of blocks get intermingled

Sidenote: Only 3 small walls on the sell side before the price can jump big time. DIEM also still has the highest LTC trading volume and over 1/3 of the total LTC trading. Not sure why you think there is such little interest. It's just not a high traffic exchange, is all. Don't forget there will be a lot more transactions once Paysha is live and there are multiple exchanges with active trading, due to arbitrage transferring

Got it, I misunderstood. So mining will continue with TX fees as the awards. I thought mining might be ending completely.

If mining stops, then no coins would ever move. Even coins that are only POS still need mining to process those blocks

Basically...if nobody is mining, there will never be any confirmations of sent coins, whether it is POW, POS, or POW/POS

Raising transaction fees would result in blocks rewarding a base of 0 + fees (since we would only raise fees once reward is already at 0)

[andyatcrux]

Aren't there coins that just destroy "coin days" upon transacting as a form of proof of stake that both parties involved hold? I think this is a proposed idea if not one already in effect, by I am no developer. I am probably just describing proof of stake in general. I just thought there was a way to do it without rewards being dispersed to wallets or people actually holding the coin.

[Aur3]

I dunno what but at cryptoaltex people are buying at 1 btc satoshi already, not big volume but like 0.40BTC today there is.

[andyatcrux]

I dunno what but at cryptoaltex people are buying at 1 btc satoshi already, not big volume but like 0.40BTC today there is.

Yup that is over 35 latoshi's right there and over 70 at 2 satoshi. Getting movement on BTC trading would be big.

[apmapm12]

Wow we really got to get ppl buying it for BTC.

Was wondering if the miners that originally mined this got so much in day one. Y don't we all work together and get a couple mill if not more DIEM. And have the dev put them back into the wild for when there is no more blocks. That way no increased transaction fees and we can put them out at lowered amounts to the miners but high enough to keep ppl mining and also not to scare ppl away from buying or investing. I'm not a miner i've just pretty well bought most of mine or got some for helping with give aways. But i'm willing to donate 1 mill maybe we can get more ppl to do this?

[iGotSpots]

Aren't there coins that just destroy "coin days" upon transacting as a form of proof of stake that both parties involved hold? I think this is a proposed idea if not one already in effect, by I am no developer. I am probably just describing proof of stake in general. I just thought there was a way to do it without rewards being dispersed to wallets or people actually holding the coin.

Doing that would just speed up time between pos blocks. This is the kind of thing that ends up in nasty network wide forks. I suggest staying away from POS if at all possible

[andyatcrux]

In that case it would probably be a bad idea to just destroy the transaction fee rewards resulting in deflation with the dwindling supply, and then once a year on the anniversary of the coin have proof of work rewards go up dramatically to replenish the destroyed supply.

[apmapm12]

Aren't there coins that just destroy "coin days" upon transacting as a form of proof of stake that both parties involved hold? I think this is a proposed idea if not one already in effect, by I am no developer. I am probably just describing proof of stake in general. I just thought there was a way to do it without rewards being dispersed to wallets or people actually holding the coin.

Doing that would just speed up time between pos blocks. This is the kind of thing that ends up in nasty network wide forks. I suggest staying away from POS if at all possible

Lol nice trust remarks. Mine2slow said u are giving death threats??? lol to funny must be a way to have those removed.

[andyatcrux]

wow, that is nuts. mine2slow was the one giving the death-threats. They are right here in this thread. Anyhow, we just keep encouraging him by acknowledging it. Someone can add a trust rating and reference the exchange by linking to the posts where the threats were made.

[apmapm12]

wow, that is nuts. mine2slow was the one giving the death-threats. They are right here in this thread. Anyhow, we just keep encouraging him by acknowledging it. Someone can add a trust rating and reference the exchange by linking to the posts where the threats were made.

What do u think of this?

Wow we really got to get ppl buying it for BTC.

Was wondering if the miners that originally mined this got so much in day one. Y don't we all work together and get a couple mill if not more DIEM. And have the dev put them back into the wild for when there is no more blocks. That way no increased transaction fees and we can put them out at lowered amounts to the miners but high enough to keep ppl mining and also not to scare ppl away from buying or investing. I'm not a miner i've just pretty well bought most of mine or got some for helping with give aways. But i'm willing to donate 1 mill maybe we can get more ppl to do this?

[andyatcrux]

That sound more complicated than my idea to idea to just destroy the transaction fee rewards resulting in deflation with the dwindling supply, and then once a year on the anniversary of the coin have proof of work rewards go up dramatically to replenish the destroyed supply. I am sure that the dev. will and has carefully considered what the end of the rewards would do. It does seem that maybe stopping at 500 or where-ever we are at would be possible, but I don't know if it would make any difference.

[Carpe Diem Coin]

That would still raise the total amount of coins, even if I were to "destroy" them, they would still be in the code. Transaction fees recirculate the already existing coins, keeping the max amount the same

Right now the transaction fee is like 0.0003 when you send 1,000,000, so raising it wouldn't make much of a difference for the senders. Right now it's basically a non existent amount

[tripppn]

Wow we really got to get ppl buying it for BTC.

We might be able to start a buying frenzy with that info in the trollbox

[iGotSpots]

Wow we really got to get ppl buying it for BTC.

We might be able to start a buying frenzy with that info in the trollbox

Probably. Especially since someone just ate the first sell wall. Two more then clear sailing for a while

[tripppn]

Wow we really got to get ppl buying it for BTC.

We might be able to start a buying frenzy with that info in the trollbox

Probably. Especially since someone just ate the first sell wall. Two more then clear sailing for a while

I moved some coin over to cryptoaltex and put it up for sale.  Just enough to recoup every btc I used to buy diem and the rest will be house money  =)

So should we announce it?  Move your coin over there and for sale if you want to beat the rush.