bob131313
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April 14, 2014, 08:45:54 PM |
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Hello, I think the change in total coins would not be good for the currency, after the entry into Cryptsy that we mistakenly placed 50,000,000,000 coins and what that is costing people know that they are 15,000,000,000, tell them you are now 10,000,000,000, does not seem right. Wonder currencies could reduce the cap by mining 10,000,000,000 and from there the following 5,000,000,000 that were using the POS? That would leave the lid on the 15,000,000,000 coins and original step would apply a POS (which seems it is well accepted in the market)
Ah! Change the logo once!!!
What he means is: Cryptsy made a mistake in coin description saying there are 50 billion coin cap, when there's actually 15 billion coin limit. Source code says 50 billion, so cryptsy is correct in what they added. Randomness of block reward accounts for difference in reality vs the code. I am still looking into it to be sure.
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Honeypot
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April 14, 2014, 08:52:26 PM |
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Have to consider what the reward for mining will be once max coins are issued. This might lower the security of the network significantly. If we limit to 10 billion, adding a .01% inflation might be an option.
From a technical advantage side of the house, I can't think of any innovations that would advance us beyond the others. Updating to POS since it is the flavor of the week will have significant issues. Dif adjustment seems to be doing well enough, we have plenty of SAT on the market to allow for use as a currency.
Coin speed seems fine.
If the issues can be overcome, POS seems to be the best way to go honestly. Plus, limiting the coin's total amount would limit supply and thus boost its price I think. Actually, making this coin entirely inflationary by making it POS with 2% annual interest isn't necessarily a bad call either. POS should definitely be the future of crypto currency I think. This. +1 Possibly with less than 1% interest.
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vagos
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April 14, 2014, 08:53:25 PM |
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Ah! Change the logo once!!!
What he means about the logo is that the mac and windows wallets has the old cartoon logo, we would like to see the actual logo we use in the new wallets!
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tevayo
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April 14, 2014, 08:55:27 PM |
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Ah! Change the logo once!!!
What he means about the logo is that the mac and windows wallets has the old cartoon logo, we would like to see the actual logo we use in the new wallets! That! The current wallet is ridiculous!
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Belogvardeec
Legendary
Offline
Activity: 1358
Merit: 1013
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April 14, 2014, 09:00:18 PM |
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I agree that POS is a good idea. But the percent per annum shall be not more than 1-2%. A good example of Blackcoin.
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"Bыcшaя дoбpoдeтeль в тyндpe тepпeниe и ocтopoжнocть. Bыcшaя дypocть лeзть нaпpoлoм. Oгибaй, выжидaй, тepпи." Aктyaльнo и для тpeйдингa.
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Honeypot
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April 14, 2014, 09:06:32 PM |
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I agree that POS is a good idea. But the percent per annum shall be not more than 1-2%. A good example of Blackcoin.
Agreed. We can discuss and decide on a percentage. Either way, the coin seems to be at a good place for a decisive change. Thanks dev for letting us know about the updates and giving us time to get ready.
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MagicStyle
Member
Offline
Activity: 100
Merit: 10
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April 14, 2014, 09:35:08 PM |
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voted
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Kryptic
Newbie
Offline
Activity: 41
Merit: 0
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April 15, 2014, 12:58:07 AM |
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Infinitecoin coins extracted 90,480,729,149 currencies total 90,600,000,000 price: 0.00000007 Dogecoin coins extracted 70,401,039,268 currencies total 100,000,000,000 price: 0.00000098 Mintcoin coins extracted 18,756,214,935 currencies total 50,000,000,000 price: 0.00000017 Redcoin coins extracted 19,188,350,012 currencies total 109,000,000,000 price: 0.00000003 Zeitcoin coins extracted 27,150,028,367 currencies total 90,000,000,000 price: 0.00000007 Eccoin coins extracted 14,828,757,202 currencies total 50,000,000,000 price: 0.00000008
Saturncoin coins extracted 6,562,987,841 currencies total 15.000.000.000 price: 0.00000001
looking at all those coins explorers and resources saturn has better quality and speed that those for example, and the coin is way faster than all of them.
undervaluated much?
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tevayo
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April 15, 2014, 02:06:22 AM |
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Infinitecoin coins extracted 90,480,729,149 currencies total 90,600,000,000 price: 0.00000007 Dogecoin coins extracted 70,401,039,268 currencies total 100,000,000,000 price: 0.00000098 Mintcoin coins extracted 18,756,214,935 currencies total 50,000,000,000 price: 0.00000017 Redcoin coins extracted 19,188,350,012 currencies total 109,000,000,000 price: 0.00000003 Zeitcoin coins extracted 27,150,028,367 currencies total 90,000,000,000 price: 0.00000007 Eccoin coins extracted 14,828,757,202 currencies total 50,000,000,000 price: 0.00000008
Saturncoin coins extracted 6,562,987,841 currencies total 15.000.000.000 price: 0.00000001
looking at all those coins explorers and resources saturn has better quality and speed that those for example, and the coin is way faster than all of them.
undervaluated much?
Now you are doing well and the market will make the SAT in its rightful place.
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Honeypot
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April 15, 2014, 02:15:41 AM |
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Some people are already buying @ mintpal. Those single digit satoshi orders will be gone soon
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vagos
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April 15, 2014, 02:19:03 AM |
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Mintpal has the volume
2014-04-15 02:14:42 BUY 0.00000002 2000000.00000000 0.04000000 2014-04-15 02:13:34 BUY 0.00000002 999999.00000000 0.01999998 2014-04-15 02:06:14 SELL 0.00000001 20000.00000000 0.00020000 2014-04-15 01:59:42 BUY 0.00000002 650000.00000000 0.01300000 2014-04-15 01:11:10 BUY 0.00000002 24863850.67398900 0.49727701 2014-04-15 00:31:33 BUY 0.00000002 1967105.15381791 0.03934219 2014-04-15 00:31:33 BUY 0.00000002 20262.92511612 0.00040525 2014-04-15 00:31:33 BUY 0.00000002 500000.00000000 0.01000000 2014-04-15 00:31:33 BUY 0.00000002 68465.49551670 0.00136930 2014-04-15 00:31:33 BUY 0.00000002 287097.71053141 0.00574195 2014-04-15 00:31:33 BUY 0.00000002 785918.00000000 0.01571836 2014-04-15 00:31:33 BUY 0.00000002 8567751.76344486 0.17135497 2014-04-15 00:15:52 BUY 0.00000002 2464499.20119820 0.04928998 2014-04-15 00:11:39 BUY 0.00000002 4228402.34648030 0.08456804 2014-04-15 00:08:44 BUY 0.00000002 321732.85072391 0.00643465
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Honeypot
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April 15, 2014, 02:26:53 AM |
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I agree that POS is a good idea. But the percent per year shall be not more than 1-2%. A good example of Blackcoin.
+1 I wonder if it's possible to do a pos/pow hybrid, then switch over to pos completely? Either way, update should arrive soon.
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vagos
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April 15, 2014, 02:31:13 AM |
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Infinitecoin coins extracted 90,480,729,149 currencies total 90,600,000,000 price: 0.00000007 Dogecoin coins extracted 70,401,039,268 currencies total 100,000,000,000 price: 0.00000098 Mintcoin coins extracted 18,756,214,935 currencies total 50,000,000,000 price: 0.00000017 Redcoin coins extracted 19,188,350,012 currencies total 109,000,000,000 price: 0.00000003 Zeitcoin coins extracted 27,150,028,367 currencies total 90,000,000,000 price: 0.00000007 Eccoin coins extracted 14,828,757,202 currencies total 50,000,000,000 price: 0.00000008
Saturncoin coins extracted 6,562,987,841 currencies total 15.000.000.000 price: 0.00000001
looking at all those coins explorers and resources saturn has better quality and speed that those for example, and the coin is way faster than all of them.
undervaluated much?
Now you are doing well and the market will make the SAT in its rightful place. nice info, thanks
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Saturncoins (OP)
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April 15, 2014, 04:14:02 AM Last edit: April 15, 2014, 04:39:06 AM by Saturncoins |
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Dev team is starting some test regarding switching to POS
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bob131313
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April 15, 2014, 05:53:28 AM |
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For historical reference for this thread. https://github.com/Kryptoz/Saturncoin/blob/master/src/main.cpp line 843 int64 static GetBlockValue(int nHeight, int64 nFees, uint256 prevHash) { int64 nSubsidy = 0; if(nHeight == 1) return 666500000 * COIN; //Random block reward between 1 and 250000 std::string cseed_str = prevHash.ToString().substr(8,7); const char* cseed = cseed_str.c_str(); long seed = hex2long(cseed); int rand = generateMTRandom(seed, 249999); nSubsidy = (1 + rand) * COIN; //1% chance for reward to be doubled long seedtwo = seed + 14; int randtwo = generateMTRandom(seedtwo, 100); if (randtwo == 40) nSubsidy = nSubsidy * 2; //Block reward is 2x on first day, 1.5x on second day. if (nHeight > 100 && nHeight < 1200) nSubsidy = nSubsidy * 2; else if (nHeight > 1199 && nHeight < 2300) nSubsidy = nSubsidy * 1.5; //Reward cuts in half every 30,000 blocks nSubsidy >>= (nHeight / 30000); return nSubsidy + nFees; }
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Honeypot
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April 15, 2014, 11:55:45 AM |
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Saturncoin once again within top 3 of the altoutlet add list Keep up the adoption!
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Honeypot
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April 15, 2014, 12:39:49 PM |
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Dev team is starting some test regarding switching to POS
This!
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mulde
Newbie
Offline
Activity: 22
Merit: 0
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April 15, 2014, 01:21:42 PM |
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Saturncoin once again within top 3 of the altoutlet add list Keep up the adoption! yeah guys don't stop voting!
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peta4e
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April 15, 2014, 01:31:25 PM |
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Yes, SaturnCoin is the most undervalued coin out there +1 for 10 000 000 000 cap and < 1% annual inflation
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