Bitcoin Forum
September 21, 2018, 07:12:17 AM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Poll
Question: Placeholder
1
2

Pages: « 1 ... 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 [75] 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 ... 185 »
  Print  
Author Topic: [Donated $2k+ To Charity] Clean Water Coin: A Crypto Charity (Pure PoS)  (Read 195045 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
binaryclock
Full Member
***
Offline Offline

Activity: 238
Merit: 100


View Profile WWW
April 07, 2014, 12:03:26 AM
 #1481

The problems with the daemon are just too much.  I have to spend hours a day fixing issues with the daemon.

Dedicatedpool has offlined CWC until the developers fix this coin.

No coin transfers can take place because the coin keeps erroring out.  I have to spend over 4 hours now fixing the current issues.  

Please contact the developers of CWC to fix this coin daemon if you want your coins transferred.

Please remove dedicatedpool from the pool list.

Thank you,

bc

DEDICATEDPOOL.COM
1537513937
Hero Member
*
Offline Offline

Posts: 1537513937

View Profile Personal Message (Offline)

Ignore
1537513937
Reply with quote  #2

1537513937
Report to moderator
Make a difference with your Ether.
Donate Ether for the greater good.
SPRING.WETRUST.IO
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537513937
Hero Member
*
Offline Offline

Posts: 1537513937

View Profile Personal Message (Offline)

Ignore
1537513937
Reply with quote  #2

1537513937
Report to moderator
1537513937
Hero Member
*
Offline Offline

Posts: 1537513937

View Profile Personal Message (Offline)

Ignore
1537513937
Reply with quote  #2

1537513937
Report to moderator
WALKEN-COIN
Sr. Member
****
Offline Offline

Activity: 269
Merit: 250


Parsec Frontiers Pre-Sale 24.01.2018


View Profile WWW
April 07, 2014, 12:21:54 AM
 #1482



When supply starts to vastly outpace demand this is what investors start to do...



I have seen it with every coin that decides to venture in to the billions.

Demand can still materialize and create value, how and when is largely up to the dev team. I am sure they will address this as soon as they are back at the helm. Hopefully soon so the boards don't fill up with FUD.







            ███
           ██▀██
          ██   ██
▄▄▄▄▄▄   ██     ██ ▄▄▄▄▄▄▄       ▄▄▄▄▄▄▄▄  ▄▄▄▄▄▄▄▄▄▄    ▄▄▄▄▄
████████▄   ███    █████████▄   █████████  █████████▀  █████████
███   ▀██  █████   ███   ▀███  ████▀       ███        ███▀   ▀███
███   ▄█▀ ███▀███  ███   ▄███  ████▄▄▄     ███▄▄▄▄▄  ███       ▀
███████▀ ███   ███ ▀████████▀   ▀███████   ████████  ███
███▀▀▀  ███     ███ ▀█▀▀███     ▄   ▀▀███  ███       ███       ▄
███    ███       ███ ▀   ███   ███▄▄▄▄███  ███▄▄▄▄▄▄  ███▄   ▄███
███   ███ ▄█████▄ ███     ███  ▀███████▀   ██████████  █████████
                   ███                                   ▀▀▀▀▀
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄   ███  ▄▄▄▄       ▄▄▄     ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄  ▄▄▄▄▄▄▄▄▄▄  ▄▄▄▄▄▄▄       ▄▄▄▄▄▄▄▄
███████████████████▄ ███ ▀██████    ████    █████████████████  ██████████  █████████▄   █████████
███        ███    ▀█▄ ███    ▀███   █████   ███    ███    ███  ███         ███   ▀███  ████▀
███        ███    ▄██  ███     ███  ██████  ███    ███    ███  ███▄▄▄▄▄▄▄  ███   ▄███  ████▄▄▄
████████████████████▀ ▄ ███    ███  ███ ███ ███    ███    ███  ██████████  █████████▀   ▀███████
███▀▀▀▀▀▀▀▀███▀▀███   █▄ ███  ███   ███  ██████    ███    ███  ███         ███▀▀███     ▄   ▀▀███
███        ███   ███   █▄ ███ ▀█    ███   █████    ███    ███  ███▄▄▄▄▄▄▄  ███   ███   ███▄▄▄▄███
███        ███    ███   ▀  ▀█▀      ███    ████    ███    ███  ██████████  ███    ███  ▀███████▀

    ███
    ███
███ ███ ███
    ▀▀▀  ██
███████████
██  ▄▄▄
███ ███ ███
    ▀▀▀  ██
███████████
██  ▄▄▄
███ ███ ███
    ███
    ███

    ███
    ███
███ ███ ███
██  ▀▀▀
███████████
    ▄▄▄  ██
███ ███ ███
██  ▀▀▀
███████████
    ▄▄▄  ██
███ ███ ███
    ███
    ███
[]
██
██
██
██
██
██
██
██
██
██
██
██
Discord
Facebook
Twitter
voxelot
Sr. Member
****
Offline Offline

Activity: 265
Merit: 250


View Profile
April 07, 2014, 12:24:00 AM
 #1483

I just bought 200mh for this coin, who will pay that btc back to me? You? Don't think so, its better to keep the coin source at this, we will reach the total coin much earlier its not a big problem.

At this rate you have ~ 2220 blocks left until the coin maxes out at 1,000,000,000 coins.  Assuming you find blocks every 2 minutes that's ~ 3 days or so... that is much earlier indeed.
iiikkkxj
Member
**
Offline Offline

Activity: 89
Merit: 10


View Profile
April 07, 2014, 12:25:21 AM
 #1484

when will the dev come back?
jeffminer
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
April 07, 2014, 12:26:12 AM
 #1485



When supply starts to vastly outpace demand this is what investors start to do...



I have seen it with every coin that decides to venture in to the billions.

Demand can still materialize and create value, how and when is largely up to the dev team. I am sure they will address this as soon as they are back at the helm. Hopefully soon so the boards don't fill up with FUD.








After maxing the coin will be POS only then right?  That's not necessarily a bad thing.  If the coin did max out in e.g. 30 days that creates demand in itself to get in now while its mineable.

Lets wait for the devs anyway to get accurate info on this, it is Sunday and not sure of their timezone.
33zer0w0lf
Full Member
***
Offline Offline

Activity: 224
Merit: 100


View Profile WWW
April 07, 2014, 12:30:51 AM
 #1486



When supply starts to vastly outpace demand this is what investors start to do...



I have seen it with every coin that decides to venture in to the billions.

Demand can still materialize and create value, how and when is largely up to the dev team. I am sure they will address this as soon as they are back at the helm. Hopefully soon so the boards don't fill up with FUD.








After maxing the coin will be POS only then right?  That's not necessarily a bad thing.  If the coin did max out in e.g. 30 days that creates demand in itself to get in now while its mineable.

Lets wait for the devs anyway to get accurate info on this, it is Sunday and not sure of their timezone.


not sure there timezone either but the charity is registered in the state of California so I would guess pst.

http://www.extremepool.org (BCN) (MRO) (QCN) (XDN) (BBR) (AEON) (ORION) (DSH) (CRR) (INF8)
WALKEN-COIN
Sr. Member
****
Offline Offline

Activity: 269
Merit: 250


Parsec Frontiers Pre-Sale 24.01.2018


View Profile WWW
April 07, 2014, 12:32:46 AM
 #1487



When supply starts to vastly outpace demand this is what investors start to do...



I have seen it with every coin that decides to venture in to the billions.

Demand can still materialize and create value, how and when is largely up to the dev team. I am sure they will address this as soon as they are back at the helm. Hopefully soon so the boards don't fill up with FUD.








After maxing the coin will be POS only then right?  That's not necessarily a bad thing.  If the coin did max out in e.g. 30 days that creates demand in itself to get in now while its mineable.

Lets wait for the devs anyway to get accurate info on this, it is Sunday and not sure of their timezone.

My understanding from the description is that it is a hybrid for the life of the coin, so it is SUPPOSED to be POW/PoS (theoretically to have the best of both worlds), but if this is intentional, then yes, it will flood the coffers to maximum, end POW, and then they will start to accumulate interest @ 7% for the year.

These things are confusing to me due to not being a miner myself (yet!), and being in three or four different coin rooms experiencing one issue or another with PoS/PoW issues.


            ███
           ██▀██
          ██   ██
▄▄▄▄▄▄   ██     ██ ▄▄▄▄▄▄▄       ▄▄▄▄▄▄▄▄  ▄▄▄▄▄▄▄▄▄▄    ▄▄▄▄▄
████████▄   ███    █████████▄   █████████  █████████▀  █████████
███   ▀██  █████   ███   ▀███  ████▀       ███        ███▀   ▀███
███   ▄█▀ ███▀███  ███   ▄███  ████▄▄▄     ███▄▄▄▄▄  ███       ▀
███████▀ ███   ███ ▀████████▀   ▀███████   ████████  ███
███▀▀▀  ███     ███ ▀█▀▀███     ▄   ▀▀███  ███       ███       ▄
███    ███       ███ ▀   ███   ███▄▄▄▄███  ███▄▄▄▄▄▄  ███▄   ▄███
███   ███ ▄█████▄ ███     ███  ▀███████▀   ██████████  █████████
                   ███                                   ▀▀▀▀▀
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄   ███  ▄▄▄▄       ▄▄▄     ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄  ▄▄▄▄▄▄▄▄▄▄  ▄▄▄▄▄▄▄       ▄▄▄▄▄▄▄▄
███████████████████▄ ███ ▀██████    ████    █████████████████  ██████████  █████████▄   █████████
███        ███    ▀█▄ ███    ▀███   █████   ███    ███    ███  ███         ███   ▀███  ████▀
███        ███    ▄██  ███     ███  ██████  ███    ███    ███  ███▄▄▄▄▄▄▄  ███   ▄███  ████▄▄▄
████████████████████▀ ▄ ███    ███  ███ ███ ███    ███    ███  ██████████  █████████▀   ▀███████
███▀▀▀▀▀▀▀▀███▀▀███   █▄ ███  ███   ███  ██████    ███    ███  ███         ███▀▀███     ▄   ▀▀███
███        ███   ███   █▄ ███ ▀█    ███   █████    ███    ███  ███▄▄▄▄▄▄▄  ███   ███   ███▄▄▄▄███
███        ███    ███   ▀  ▀█▀      ███    ████    ███    ███  ██████████  ███    ███  ▀███████▀

    ███
    ███
███ ███ ███
    ▀▀▀  ██
███████████
██  ▄▄▄
███ ███ ███
    ▀▀▀  ██
███████████
██  ▄▄▄
███ ███ ███
    ███
    ███

    ███
    ███
███ ███ ███
██  ▀▀▀
███████████
    ▄▄▄  ██
███ ███ ███
██  ▀▀▀
███████████
    ▄▄▄  ██
███ ███ ███
    ███
    ███
[]
██
██
██
██
██
██
██
██
██
██
██
██
Discord
Facebook
Twitter
iiikkkxj
Member
**
Offline Offline

Activity: 89
Merit: 10


View Profile
April 07, 2014, 12:36:51 AM
 #1488

"moneysupply" : 53566152.13235200      Embarrassed
voxelot
Sr. Member
****
Offline Offline

Activity: 265
Merit: 250


View Profile
April 07, 2014, 12:43:17 AM
 #1489



After maxing the coin will be POS only then right?  That's not necessarily a bad thing.  If the coin did max out in e.g. 30 days that creates demand in itself to get in now while its mineable.

Lets wait for the devs anyway to get accurate info on this, it is Sunday and not sure of their timezone.

My understanding from the description is that it is a hybrid for the life of the coin, so it is SUPPOSED to be POW/PoS (theoretically to have the best of both worlds), but if this is intentional, then yes, it will flood the coffers to maximum, end POW, and then they will start to accumulate interest @ 7% for the year.

These things are confusing to me due to not being a miner myself (yet!), and being in three or four different coin rooms experiencing one issue or another with PoS/PoW issues.



This coin is making so many fundamental errors.  

PoS is meant to reduce the amount of TX fees needed by limiting the resources needed to sign and confirm blocks.  TX fees are how this coin planned on donating to charity. That's just an initial design flaw and maybe why they wanted to keep PoW. Or maybe the dev doesn't know what their doing.

At this rate the coins will reach the total mint in ~ 4 days and your interest and PoS rewards will be limited to only TX fees.

The devs will have to fork this coin if they plan on saving it.  Unless anyone has a better idea?

*EDIT*

Even if they managed to bring this coin back to block 6999 without any issues with the transactions that have been happening in their absence,  there is clear evidence that this coin was not developed properly.  I wish all those that invested the best of luck and I'm sorry for your loses.  
WALKEN-COIN
Sr. Member
****
Offline Offline

Activity: 269
Merit: 250


Parsec Frontiers Pre-Sale 24.01.2018


View Profile WWW
April 07, 2014, 01:02:00 AM
 #1490



After maxing the coin will be POS only then right?  That's not necessarily a bad thing.  If the coin did max out in e.g. 30 days that creates demand in itself to get in now while its mineable.

Lets wait for the devs anyway to get accurate info on this, it is Sunday and not sure of their timezone.

My understanding from the description is that it is a hybrid for the life of the coin, so it is SUPPOSED to be POW/PoS (theoretically to have the best of both worlds), but if this is intentional, then yes, it will flood the coffers to maximum, end POW, and then they will start to accumulate interest @ 7% for the year.

These things are confusing to me due to not being a miner myself (yet!), and being in three or four different coin rooms experiencing one issue or another with PoS/PoW issues.



This coin is making so many fundamental errors.  

PoS is meant to reduce the amount of TX fees needed by limiting the resources needed to sign and confirm blocks.  TX fees are how this coin planned on donating to charity. That's just an initial design flaw and maybe why they wanted to keep PoW. Or maybe the dev doesn't know what their doing.

At this rate the coins will reach the total mint in ~ 4 days and your interest and PoS rewards will be limited to only TX fees.

The devs will have to fork this coin if they plan on saving it.  Unless anyone has a better idea?


  Huh





            ███
           ██▀██
          ██   ██
▄▄▄▄▄▄   ██     ██ ▄▄▄▄▄▄▄       ▄▄▄▄▄▄▄▄  ▄▄▄▄▄▄▄▄▄▄    ▄▄▄▄▄
████████▄   ███    █████████▄   █████████  █████████▀  █████████
███   ▀██  █████   ███   ▀███  ████▀       ███        ███▀   ▀███
███   ▄█▀ ███▀███  ███   ▄███  ████▄▄▄     ███▄▄▄▄▄  ███       ▀
███████▀ ███   ███ ▀████████▀   ▀███████   ████████  ███
███▀▀▀  ███     ███ ▀█▀▀███     ▄   ▀▀███  ███       ███       ▄
███    ███       ███ ▀   ███   ███▄▄▄▄███  ███▄▄▄▄▄▄  ███▄   ▄███
███   ███ ▄█████▄ ███     ███  ▀███████▀   ██████████  █████████
                   ███                                   ▀▀▀▀▀
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄   ███  ▄▄▄▄       ▄▄▄     ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄  ▄▄▄▄▄▄▄▄▄▄  ▄▄▄▄▄▄▄       ▄▄▄▄▄▄▄▄
███████████████████▄ ███ ▀██████    ████    █████████████████  ██████████  █████████▄   █████████
███        ███    ▀█▄ ███    ▀███   █████   ███    ███    ███  ███         ███   ▀███  ████▀
███        ███    ▄██  ███     ███  ██████  ███    ███    ███  ███▄▄▄▄▄▄▄  ███   ▄███  ████▄▄▄
████████████████████▀ ▄ ███    ███  ███ ███ ███    ███    ███  ██████████  █████████▀   ▀███████
███▀▀▀▀▀▀▀▀███▀▀███   █▄ ███  ███   ███  ██████    ███    ███  ███         ███▀▀███     ▄   ▀▀███
███        ███   ███   █▄ ███ ▀█    ███   █████    ███    ███  ███▄▄▄▄▄▄▄  ███   ███   ███▄▄▄▄███
███        ███    ███   ▀  ▀█▀      ███    ████    ███    ███  ██████████  ███    ███  ▀███████▀

    ███
    ███
███ ███ ███
    ▀▀▀  ██
███████████
██  ▄▄▄
███ ███ ███
    ▀▀▀  ██
███████████
██  ▄▄▄
███ ███ ███
    ███
    ███

    ███
    ███
███ ███ ███
██  ▀▀▀
███████████
    ▄▄▄  ██
███ ███ ███
██  ▀▀▀
███████████
    ▄▄▄  ██
███ ███ ███
    ███
    ███
[]
██
██
██
██
██
██
██
██
██
██
██
██
Discord
Facebook
Twitter
AbiusGMIU
Full Member
***
Offline Offline

Activity: 199
Merit: 100


The World’s First Blockchain Core


View Profile
April 07, 2014, 01:19:11 AM
 #1491

 Shocked Only suppose to be 800-900 coins per block. Waiting for devs...

▄▄▄▄▄▄▄▄▄▄▄ ▄ ■        SKYNET        ■ ▄ ▄▄▄▄▄▄▄▄▄▄▄
▐▬▬▬▬▬▬▬▬▬▬     PRIVATE SALE is LIVE     ▬▬▬▬▬▬▬▬▬▬▌
Whitepaper   Bounty   Bitcointalk   ■   Facebook   Twitter   Telegram
iiikkkxj
Member
**
Offline Offline

Activity: 89
Merit: 10


View Profile
April 07, 2014, 01:25:36 AM
 #1492

Shocked Only suppose to be 800-900 coins per block. Waiting for devs...

yes , when will they come back ?
CleanWaterCoin
Full Member
***
Offline Offline

Activity: 196
Merit: 100


View Profile WWW
April 07, 2014, 01:40:12 AM
 #1493

Stop mining until we get this figured out. We're on it right now.

CleanWaterCoin.org | A Crypto Charity
ghostbackwards
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
April 07, 2014, 01:52:14 AM
 #1494

In the meantime h2o coin is going steady. All problems have been fixed, wallets are online, pools are happy. Donations to the water foundation are being prepared. Cheesy

H2O: HTCaa6CSiYRDUnGo5WcSfydzYifwd9CvfK
iiikkkxj
Member
**
Offline Offline

Activity: 89
Merit: 10


View Profile
April 07, 2014, 02:03:12 AM
 #1495

Stop mining until we get this figured out. We're on it right now.

so happy you are back, pls fix it asap!
YouIsPeng
Full Member
***
Offline Offline

Activity: 175
Merit: 100


View Profile
April 07, 2014, 02:10:53 AM
 #1496

Stop mining until we get this figured out. We're on it right now.

There are only two options here -

1) To fork back to block 7000, in which case all transactions back to that point will be lost, along with a LOT of confidence in the coin.

2) To clearly announce to everyone a fork at a coming block, say block 7200 (we are at block 7158 as of writing) and allow the 'mistake' block rewards to stand. This would give everyone a chance to switch to the new wallet and would be less damaging to the coin. The only downside is that the total supply of 1bill will be reached sooner than anticipated.

Personally, I think option 2 is the fairest to all, it gives an unexpected bonus to those miners that have been supporting the coin in its early stages and does not cancel all transactions that have been made since block 7000. You can guarantee that anyone who loses a transaction due to the devs' basic math error will not come near this coin again and you know what they say, bad news travels round the world before good news has got its boots on..
WALKEN-COIN
Sr. Member
****
Offline Offline

Activity: 269
Merit: 250


Parsec Frontiers Pre-Sale 24.01.2018


View Profile WWW
April 07, 2014, 02:16:29 AM
 #1497

Stop mining until we get this figured out. We're on it right now.

There are only two options here -

1) To fork back to block 7000, in which case all transactions back to that point will be lost, along with a LOT of confidence in the coin.

2) To clearly announce to everyone a fork at a coming block, say block 7200 (we are at block 7158 as of writing) and allow the 'mistake' block rewards to stand. This would give everyone a chance to switch to the new wallet and would be less damaging to the coin. The only downside is that the total supply of 1bill will be reached sooner than anticipated.

Personally, I think option 2 is the fairest to all, it gives an unexpected bonus to those miners that have been supporting the coin in its early stages and does not cancel all transactions that have been made since block 7000. You can guarantee that anyone who loses a transaction due to the devs' basic math error will not come near this coin again and you know what they say, bad news travels round the world before good news has got its boots on..

Can you cancel out the rewards given for past blocks and replace them with the correct reward amount? In other words, make it like the mistake never happened and continue onward with correct reward amounts? Surely the network can recognize where mistake coins are and "convert" down to the true amount?

            ███
           ██▀██
          ██   ██
▄▄▄▄▄▄   ██     ██ ▄▄▄▄▄▄▄       ▄▄▄▄▄▄▄▄  ▄▄▄▄▄▄▄▄▄▄    ▄▄▄▄▄
████████▄   ███    █████████▄   █████████  █████████▀  █████████
███   ▀██  █████   ███   ▀███  ████▀       ███        ███▀   ▀███
███   ▄█▀ ███▀███  ███   ▄███  ████▄▄▄     ███▄▄▄▄▄  ███       ▀
███████▀ ███   ███ ▀████████▀   ▀███████   ████████  ███
███▀▀▀  ███     ███ ▀█▀▀███     ▄   ▀▀███  ███       ███       ▄
███    ███       ███ ▀   ███   ███▄▄▄▄███  ███▄▄▄▄▄▄  ███▄   ▄███
███   ███ ▄█████▄ ███     ███  ▀███████▀   ██████████  █████████
                   ███                                   ▀▀▀▀▀
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄   ███  ▄▄▄▄       ▄▄▄     ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄  ▄▄▄▄▄▄▄▄▄▄  ▄▄▄▄▄▄▄       ▄▄▄▄▄▄▄▄
███████████████████▄ ███ ▀██████    ████    █████████████████  ██████████  █████████▄   █████████
███        ███    ▀█▄ ███    ▀███   █████   ███    ███    ███  ███         ███   ▀███  ████▀
███        ███    ▄██  ███     ███  ██████  ███    ███    ███  ███▄▄▄▄▄▄▄  ███   ▄███  ████▄▄▄
████████████████████▀ ▄ ███    ███  ███ ███ ███    ███    ███  ██████████  █████████▀   ▀███████
███▀▀▀▀▀▀▀▀███▀▀███   █▄ ███  ███   ███  ██████    ███    ███  ███         ███▀▀███     ▄   ▀▀███
███        ███   ███   █▄ ███ ▀█    ███   █████    ███    ███  ███▄▄▄▄▄▄▄  ███   ███   ███▄▄▄▄███
███        ███    ███   ▀  ▀█▀      ███    ████    ███    ███  ██████████  ███    ███  ▀███████▀

    ███
    ███
███ ███ ███
    ▀▀▀  ██
███████████
██  ▄▄▄
███ ███ ███
    ▀▀▀  ██
███████████
██  ▄▄▄
███ ███ ███
    ███
    ███

    ███
    ███
███ ███ ███
██  ▀▀▀
███████████
    ▄▄▄  ██
███ ███ ███
██  ▀▀▀
███████████
    ▄▄▄  ██
███ ███ ███
    ███
    ███
[]
██
██
██
██
██
██
██
██
██
██
██
██
Discord
Facebook
Twitter
binaryclock
Full Member
***
Offline Offline

Activity: 238
Merit: 100


View Profile WWW
April 07, 2014, 02:19:56 AM
 #1498

Stop mining until we get this figured out. We're on it right now.

There are only two options here -

1) To fork back to block 7000, in which case all transactions back to that point will be lost, along with a LOT of confidence in the coin.

2) To clearly announce to everyone a fork at a coming block, say block 7200 (we are at block 7158 as of writing) and allow the 'mistake' block rewards to stand. This would give everyone a chance to switch to the new wallet and would be less damaging to the coin. The only downside is that the total supply of 1bill will be reached sooner than anticipated.

Personally, I think option 2 is the fairest to all, it gives an unexpected bonus to those miners that have been supporting the coin in its early stages and does not cancel all transactions that have been made since block 7000. You can guarantee that anyone who loses a transaction due to the devs' basic math error will not come near this coin again and you know what they say, bad news travels round the world before good news has got its boots on..

Can you cancel out the rewards given for past blocks and replace them with the correct reward amount? In other words, make it like the mistake never happened and continue onward with correct reward amounts? Surely the network can recognize where mistake coins are and "convert" down to the true amount?

That would only work if the pools haven't paid out yet. And then even, you need to make sure the pools destroy the coins themselves.

I stopped the daemon/pool on dedicatedpool as soon as the issues arose.

People are really mad at me, but I can't deal with these issues anymore!  This needs to be fixed ASAP!


DEDICATEDPOOL.COM
voxelot
Sr. Member
****
Offline Offline

Activity: 265
Merit: 250


View Profile
April 07, 2014, 02:23:25 AM
 #1499

Stop mining until we get this figured out. We're on it right now.

There are only two options here -

1) To fork back to block 7000, in which case all transactions back to that point will be lost, along with a LOT of confidence in the coin.

2) To clearly announce to everyone a fork at a coming block, say block 7200 (we are at block 7158 as of writing) and allow the 'mistake' block rewards to stand. This would give everyone a chance to switch to the new wallet and would be less damaging to the coin. The only downside is that the total supply of 1bill will be reached sooner than anticipated.

Personally, I think option 2 is the fairest to all, it gives an unexpected bonus to those miners that have been supporting the coin in its early stages and does not cancel all transactions that have been made since block 7000. You can guarantee that anyone who loses a transaction due to the devs' basic math error will not come near this coin again and you know what they say, bad news travels round the world before good news has got its boots on..

Can you cancel out the rewards given for past blocks and replace them with the correct reward amount? In other words, make it like the mistake never happened and continue onward with correct reward amounts? Surely the network can recognize where mistake coins are and "convert" down to the true amount?

Sure if you can manage to break the elliptic curve over finite prime field cryptography that secures bitcoin.

And that is quite the reward for the lucky few that mined between blocks 7000-7200.



Xardas2014
Hero Member
*****
Offline Offline

Activity: 636
Merit: 500


View Profile
April 07, 2014, 02:24:24 AM
 #1500

@binaryclock is there an ETA on when we will be able to withdraw CWC? I know the daemon has been a b!tch for you and I'm not rushing.....but also not wanting to simply lose me coins
Pages: « 1 ... 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 [75] 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 ... 185 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!