[PND]Pandacoin | First Hybrid Wallet | 5000% Faster Blockchain Download | Instant Sync

[bdanyo]

Remember to vote for Pandacoin (PND) over at https://www.cryptsy.com/coinvotes and https://coinano.com/vote to add it to the Cryptsy & Coinano exchange!

[jsxylx]

thank you ,dev,great job!

[supernem]

How many Panda coins are there?

[pandacoin-official]

How many Panda coins are there?

30 billion.

Check out http://pandachain.net/chain/PandaCoin/q/totalbc.

[barryzand]

How many Panda coins are there?

30 billion.

Check out http://pandachain.net/chain/PandaCoin/q/totalbc.

So If pos kicks in... I guess this below will be incorrect right?

Specifications
Symbol: PND
Algorithm: Scrypt
Premine: NONE! ZERO! 0%!
Block Rewards:
1 Minute Block Targets, KGW
Reward system:
50,000 per block until further notice on the possible implementation of PoS.

Early 2015 (approximately a year and a half after release) there will be approximately 100,000,000,000 coins.
Each subsequent block will grant 10,000 coins to encourage miners to continue to secure the network and make up for lost wallets on hard drives/phones/lost encryption passwords/etc.

Do you have a "updated specification" of this when were switching to POS?

like %rates.... how many will be minted in few years time etc...

Do you have a blocknumber in mind when the POS "fork" will happen?

[pandacoin-official]

How many Panda coins are there?

30 billion.

Check out http://pandachain.net/chain/PandaCoin/q/totalbc.

So If pos kicks in... I guess this below will be incorrect right?

Specifications
Symbol: PND
Algorithm: Scrypt
Premine: NONE! ZERO! 0%!
Block Rewards:
1 Minute Block Targets, KGW
Reward system:
50,000 per block until further notice on the possible implementation of PoS.

Early 2015 (approximately a year and a half after release) there will be approximately 100,000,000,000 coins.
Each subsequent block will grant 10,000 coins to encourage miners to continue to secure the network and make up for lost wallets on hard drives/phones/lost encryption passwords/etc.

Do you have a "updated specification" of this when were switching to POS?

like %rates.... how many will be minted in few years time etc...

The specs aren't set yet. We will update you as soon as they are.

[barryzand]

Well I certainly hope this move attracts more people...  

And the fact the multipool is already running for a few weeks... and knows what its doing, will just make everything going easier I think


+ just find 10 other DEVs who post and be in their coin thread on a daily basis...good luck

 Hats off for the dev team  

[bdanyo]

How many Panda coins are there?

30 billion.

Check out http://pandachain.net/chain/PandaCoin/q/totalbc.

So If pos kicks in... I guess this below will be incorrect right?

Specifications
Symbol: PND
Algorithm: Scrypt
Premine: NONE! ZERO! 0%!
Block Rewards:
1 Minute Block Targets, KGW
Reward system:
50,000 per block until further notice on the possible implementation of PoS.

Early 2015 (approximately a year and a half after release) there will be approximately 100,000,000,000 coins.
Each subsequent block will grant 10,000 coins to encourage miners to continue to secure the network and make up for lost wallets on hard drives/phones/lost encryption passwords/etc.

Do you have a "updated specification" of this when were switching to POS?

like %rates.... how many will be minted in few years time etc...

Do you have a blocknumber in mind when the POS "fork" will happen?

The "updated specifications" and additional information would be released shortly. If you want the latest news and updates regarding Pandacoin (PND), you could follow us on twitter (https://twitter.com/PandacoinPND) or on facebook (https://www.facebook.com/Pandacoin.PND) =)

[f3cuk]

I know very little about PoS and what it does. But really liked the idea of merged mining with DOGE, is this no longer a possibility now we are switching to PoS?

[i8]

I know very little about PoS and what it does. But really liked the idea of merged mining with DOGE, is this no longer a possibility now we are switching to PoS?

it's still a possibility. we just have to do one thing at a time, and for now, the community has decided switching to POS takes top priority. Since pnd devs operate the doge/pnd multipool, it might be possible that we address merge mining there somehow.

also ReddCoin has just released PoSV, it appears to be a new take on PoS, essentially encourages holding as well as transacting. Maybe the dev could look into it as we make the switch.

here is the white paper: http://www.reddcoin.com/papers/PoSV.pdf 

[f3cuk]

Okay thanks, good to know. That whitepaper seems interesting, I read a little about PoS and if i'm correct it works a little like interest on a real bank. Simply owning coins generates more coins? Am I correct in assuming that having coins on an exchange generates interest for the exchange rather then for your own wallet?

(@official-pnd: thepandacoin.net is currently down)

[i8]

Yes, POS generates interest for which ever wallet the coin sits in. If it's on an exchange, the exchange will be getting the interest. Although I believe most exchange don't actually participate in the POS game as it requires you to leave your wallet unlocked which means no password protection for the duration of minting.

[pandacoin-official]

Since pnd devs operate the doge/pnd multipool, it might be possible that we address merge mining there somehow.

It's either one or the other.

also ReddCoin has just released PoSV, it appears to be a new take on PoS, essentially encourages holding as well as transacting. Maybe the dev could look into it as we make the switch.

here is the white paper: http://www.reddcoin.com/papers/PoSV.pdf 

Thanks for linking - I'm currently reading through it. I'm not sure if velocity of coins is the right thing to go for at the moment as our market position is quite weak.

To attract merchants I would believe that having a more established value is beneficial.

(@official-pnd: thepandacoin.net is currently down)

Yeah I've noticed this as well. It looks like the hosting provider we're using is down at the moment.

[barryzand]

guys... I really think POS is the future for PND...

People like the idea of getting interest just like a real bank... and for the miners out there... use the multipool... its there for a reason you know...

With 500 mhs multipool (and rising I think)  There will always be volume.. and you can always mine PND (although its indirect mining... PND is what you get in the end...)

Really everything is ready for POS to start off when the wallet/blockchain etc gets updated...


Its all about promoting right now... get our "normal" miners from bamboohouse and pandapool.info too use the multipool... that will add more hashes in there... thus more volume on exchanges


This could all work out really well... BUT we NEED too use the multipool when everything starts off GO PANDAS! 

[i8]

It's either one or the other.

couldn't we do a merge mined multipool? couldn't we enforce a percentage payout in PND for Doge miners? maybe in place of their pool fee?

[pandacoin-official]

It's either one or the other.

couldn't we do a merge mined multipool? couldn't we enforce a percentage payout in PND for Doge miners? maybe in place of their pool fee?

The point of merged mining is to strengthen ones PoW network. Since that falls away when switching to PoS there's no point in having other people mine for us.

As for the fee - this is needed to rent the servers we are using.

[i8]

It's either one or the other.

couldn't we do a merge mined multipool? couldn't we enforce a percentage payout in PND for Doge miners? maybe in place of their pool fee?

The point of merged mining is to strengthen ones PoW network. Since that falls away when switching to PoS there's no point in having other people mine for us.

As for the fee - this is needed to rent the servers we are using.

I would argue that merge mining is also a distribution method. Now PoS will happen, with a few PND whales floating around, we need better distribution more than ever if we want to get new comers interested. By having a merge mined multipool, not only will other miner's hashrate help drive PND's price up, we would have effectively spread pnd to a wider audience.

[i8]

as far as fees go, maybe we could hold a fund raising, or redirect the pnd faucets to our multipool, so We can do something like 0 fee, but requires at least 10% payout in PND, and we can in turn cover the serve fees from the donations and faucets.

there are many ways to do this, but essentially the goal would be to give people incentive to mine on our multipool, and dishing out PNDs to those miners. This can be seen as a marketing cost.

[GaryL]

Another Pandacoin again?

[pandacoin-official]

Another Pandacoin again?

This one has been around since February.