|
Svener
|
 |
July 12, 2015, 06:08:59 PM |
|
So after this change if the coins price goes to 1 cent it will only need +-500 usd daily to support this price ? At 10 cents 5000 usd a day. I think this will be possible with the amount of attention cryptos are getting again ?
$47 new funds daily will be needed to stay at current price. $1410 a month. Very easy for the community support while the coin ramps up for mainstream adoption. |
|
|
|
|
|
|
|
|
|
|
|
The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
MaNI
|
|
July 12, 2015, 06:45:24 PM |
|
So after this change if the coins price goes to 1 cent it will only need +-500 usd daily to support this price ? At 10 cents 5000 usd a day. I think this will be possible with the amount of attention cryptos are getting again ?
Well no, because it isn't just new coins from miners that are available on the market, people can and will still choose to sell the coins they currently hold  What it does mean is that there will be a lot less trading coins from miners flooding out the trading from regular users, so the exchange prices are likely to closer reflect what regular users value the coin at instead of what miners happen to be dumping for at that moment... |
|
|
|
|
Buerra
Legendary
 Offline
Activity: 980
Merit: 1000
|
|
July 13, 2015, 10:38:04 AM |
|
 20th of July we will launch another update for Nocks. Stay tuned!  |
|
|
|
|
|
pijpenstelen
|
|
July 13, 2015, 11:10:23 AM |
|
20th of July we will launch another update for Nocks. Stay tuned! I love Nocks, adds so much value for guldencoin. You need to market this more Buerra! |
|
|
|
veertje
Legendary
Offline
Activity: 952
Merit: 1000
|
|
July 13, 2015, 11:19:56 AM |
|
I think I am buying some again with this coming updates. |
|
|
|
|
neutraLTC
Legendary
Offline
Activity: 1492
Merit: 1021
|
|
July 13, 2015, 12:17:08 PM |
|
20th of July we will launch another update for Nocks. Stay tuned! Looking forward |
|
|
|
Buerra
Legendary
Offline
Activity: 980
Merit: 1000
|
|
July 13, 2015, 12:19:11 PM |
|
@pijpenstelen Nocks is doing really well. We're just really building the tools that we think are needed to break-out with Nocks. It's marketed very well among existing crypto users and I've got some new people into Guldencoin and Bitcoin that will be using Nocks to their advantage and therefore the coin's advantage. More on that later. They'll introduce themselves on the forums soon |
|
|
|
|
WaterLooDown
Legendary
Offline
Activity: 924
Merit: 1000
|
|
July 13, 2015, 12:36:08 PM |
|
On the core development front we are still on for end of July/early August for 0.10 code base update with 0.12 security/bug fixes. Testing to start this week .
|
|
|
|
Bluestreet
Legendary
Offline
Activity: 988
Merit: 1000
|
|
July 13, 2015, 04:25:01 PM |
|
@pijpenstelen Nocks is doing really well. We're just really building the tools that we think are needed to break-out with Nocks. It's marketed very well among existing crypto users and I've got some new people into Guldencoin and Bitcoin that will be using Nocks to their advantage and therefore the coin's advantage. More on that later. They'll introduce themselves on the forums soon This is why guldencoin is going to succeed while the rest pray for a miracle. |
|
|
|
|
MentalCollatz
Newbie
Offline
Activity: 40
Merit: 0
|
|
July 14, 2015, 04:50:47 AM |
|
Can we get an official statement by MaNI if the multi algo design on coins like Myriadcoin and Digibyte is flawed also? Or is it a secret?
After looking into it extensively and much internal debate we have decided that multi-algo as it currently stands is flawed from a security perspective. While it sounds good on the surface there are some rather complex implementation issues in reality which have become apparent while looking at the code, that we are not satisfied can be solved in a reasonable way, or at least I am not confident I can solve them and I feel it is good to know your limits I don't want to go into too much technical details but most of the flaws revolve around the fact that 'difficulty' is a somewhat arbitrary measurement, while it can be used to meaningfully compare two blocks from the same algorithm to one another, there is no real relation between the difficulties of two different algorithms. i.e. It is not really meaningful to say that a 500 difficulty Scrypt block is worth more or less than a 500 difficulty Groestl block. While it can be determined with some analysis for a specific moment in time with some work it requires a level of 'perfect information' that is not compatible with a p2p crypto currency type system, and even I as a human cannot tell you for a fact that the answer I give you now will still be the same in say six months time. I have looked at various proposals to try and solves these issues, and what several coins have done and have found theoretical problems and flaws with all of them. A few months ago I came to the same conclusions and eventually crafted https://github.com/digibyte/digibyte/pull/36, which removes the magic work factors and instead uses the geometric mean of all difficulties to compute work. This greatly improves the security. Thanks, I have viewed your pull request before... It does address some of the issues, but I don't feel it addresses all of them and there are still potential problems that I'm not happy with, so I'm still not comfortable with multi algo as a general solution... Even if all these concerns are addressed I still wouldn't be 100% confident that there aren't other problems that are being missed. So while we are still discussing everything internally still I don't think we want to head towards multi really at this point... That said it is important that things get addressed for those who are on multi algo and do feel it is the way to go, I mean it is not like they can just stop trying at this point, so do keep up the good work Not sure if you missed my other post or just wanted to move on, but I am genuinely interested in either disproving or validating and fixing whatever issues you believe remain. Not because I want you to use multi-algo but because I am a perfectionist. |
|
|
|
|
veertje
Legendary
Offline
Activity: 952
Merit: 1000
|
|
July 14, 2015, 06:48:53 AM |
|
http://guldenbeurs.nl/, when is it going live again? This will be one of the big triggers for more users.
|
|
|
|
|
WaterLooDown
Legendary
Offline
Activity: 924
Merit: 1000
|
|
July 14, 2015, 07:47:12 AM
Last edit: July 14, 2015, 07:58:12 AM by WaterLooDown |
|
Not sure if you missed my other post or just wanted to move on, but I am genuinely interested in either disproving or validating and fixing whatever issues you believe remain. Not because I want you to use multi-algo but because I am a perfectionist.
Hi Mental, Your best bet is to catch MaNI on IRC and when he has time he can chat with you, he also runs his own development business , pretty busy guy outside of crypto. Also admire the dedication you have shown towards finding a solution to multi-algo issues. Keep up the good work! |
|
|
|
ShopemNL
Legendary
Offline
Activity: 1025
Merit: 1001
|
|
July 14, 2015, 08:01:49 AM |
|
Any updates on potential PoS system? Can't wait to sell some node's!
|
|
|
|
|
thsminer
|
|
July 14, 2015, 09:45:48 AM |
|
Not sure if you missed my other post or just wanted to move on, but I am genuinely interested in either disproving or validating and fixing whatever issues you believe remain. Not because I want you to use multi-algo but because I am a perfectionist.
Hi Mental, Your best bet is to catch MaNI on IRC and when he has time he can chat with you, he also runs his own development business , pretty busy guy outside of crypto. Also admire the dedication you have shown towards finding a solution to multi-algo issues. Keep up the good work! If MaNI has time to talk on IRC he can drop a message here also. There are more people interested in his findings. |
|
|
|
|
WaterLooDown
Legendary
Offline
Activity: 924
Merit: 1000
|
|
July 14, 2015, 10:19:32 AM |
|
Any updates on potential PoS system? Can't wait to sell some node's!
Hey Shopem, We focusing on this next update first and trying to meet our own deadlines, it will be a topic of discussion as we enter the latter part of this year. |
|
|
|
EFLisTheBest
Newbie
Offline
Activity: 32
Merit: 0
|
|
July 15, 2015, 10:33:12 AM |
|
Will other coins be added to Nocks ? |
|
|
|
|
|
TamiLee
|
|
July 15, 2015, 11:31:39 AM |
|
20th of July we will launch another update for Nocks. Stay tuned! Will other coins be added to Nocks ? That would not be a good idea. Guldencoin work so hard to be best and then give there services away freely to less deserving coins wanting a free ride. |
|
|
|
|
Bluestreet
Legendary
Offline
Activity: 988
Merit: 1000
|
|
July 15, 2015, 07:29:14 PM |
|
20th of July we will launch another update for Nocks. Stay tuned! Will other coins be added to Nocks ? That would not be a good idea. Guldencoin work so hard to be best and then give there services away freely to less deserving coins wanting a free ride. I have to agree with Tamilee, gotta keep the things special to guldencoin with guldencoin which makes it unique and more usable then most alternatives. |
|
|
|
|
patrickkivits
Newbie
Offline
Activity: 49
Merit: 0
|
|
July 15, 2015, 07:44:14 PM |
|
Will other coins be added to Nocks ? That would not be a good idea. Guldencoin work so hard to be best and then give there services away freely to less deserving coins wanting a free ride. I have to agree with Tamilee, gotta keep the things special to guldencoin with guldencoin which makes it unique and more usable then most alternatives. No need to worry guys, this update will make paying with Guldencoin easier then ever before. I am sure you all are going to love it  |
|
|
|
|
AndreasK
Newbie
Offline
Activity: 51
Merit: 0
|
|
July 16, 2015, 07:01:51 AM |
|
Will other coins be added to Nocks ? That would not be a good idea. Guldencoin work so hard to be best and then give there services away freely to less deserving coins wanting a free ride. I have to agree with Tamilee, gotta keep the things special to guldencoin with guldencoin which makes it unique and more usable then most alternatives. No need to worry guys, this update will make paying with Guldencoin easier then ever before. I am sure you all are going to love it Can I use Nocks with my samsung (Android)? |
|
|
|
|
|
