[ANN] Cinni | Mandatory: Convert your Cinni to Stakecoin. Instuctions posted.

[Schild_]

Wallet bug is a real issue. We have to take the time to release the things very cleanly.

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[nicklucky123]

20K will back soon

[sdersdf2]

Wallet bug is a real issue. We have to take the time to release the things very cleanly.

Agreed - is someone working on a fix for that currently? Would be good to have that addressed before enhancements are made.

[2520]

Wallet bug is a real issue. We have to take the time to release the things very cleanly.

Agreed - is someone working on a fix for that currently? Would be good to have that addressed before enhancements are made.

Bugged out wallet should be an absolute priority before any innovative development!

[Schild_]

Wallet bug is a real issue. We have to take the time to release the things very cleanly.

Agreed - is someone working on a fix for that currently? Would be good to have that addressed before enhancements are made.

Codecaffeincode posted smthg about it... but no. This need also to be taken cared of.

[digit]

Several updates:

1. I am not ignoring the "wallet bug". Please send me a PM with specifics whenever possible. There are issues with regards to coin age (for staking) and dust. Our blockchain grows very fast with 15 second blocks.  This relates to the syncing problem that some people are having as well as PoS interest that is "mined" but never confirmed.

I propose we make our block times slightly longer and use this model to better secure the network and encourage staking (look at discussion regarding coin age):  
http://www.blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdf

If the community agrees the changes should be easy to implement. What block time would the community like? I know CinniCoin suggested 1 minute recently. I think that sounds very reasonable:
https://bitcointalk.org/index.php?topic=573232.msg8160391#msg8160391

2. I received a response to my PM from sdcoin (rynomster). He answered some questions for me about the anon transfer whitepaper he wrote for CINNI (and why he took a different approach for shadowcoin).  I appreciated his response and will keep working hard on making anon transfers work for CINNI



Time for some caffeine so I can stay up late to look at more code

"This PoS interest that is mined but never confirmed"  are you sure this is not being confused with orphans block which are normal. There naturally will be a HUGE amount of orphan blocks in wallets that have alot stakes ready to go, in my wallet at any time i have at least 2000 stakes, if i open the wallet i will get a dozen firing off in the first minute, of which a couple will be orphans.  If someone is getting alot of orphans they may need to sync their clock and make use of reservebalance to set a limit on how much of their coins is available for stake at any one point in time.  reservebalance set to 2/3rds of the balance should alleviate alot the orphan problem.  It won't fix the bug that returns staked input twice on some inputs. 

If the problem is that difficult to isolate, maybe you can consider going back to latest BC source, make adjustments to work with Cinni and continue from there?

Block time adjustments should be made in consideration to the fact that less people support Cinni network will make transaction times take alot longer.

I think a better solution is to implement a minimum amount that can stake below which is ignored (eg 100 or 50 Cinni, no dust amounts), limits on splitting (similar or the same as BC, instead of infinite), and no maximum coinage to increase security slightly.

[2520]

Looking forward to future updates!

[digit]

Several updates:

1. I am not ignoring the "wallet bug". Please send me a PM with specifics whenever possible. There are issues with regards to coin age (for staking) and dust. Our blockchain grows very fast with 15 second blocks.  This relates to the syncing problem that some people are having as well as PoS interest that is "mined" but never confirmed.

I propose we make our block times slightly longer and use this model to better secure the network and encourage staking (look at discussion regarding coin age):  
http://www.blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdf

If the community agrees the changes should be easy to implement. What block time would the community like? I know CinniCoin suggested 1 minute recently. I think that sounds very reasonable:
https://bitcointalk.org/index.php?topic=573232.msg8160391#msg8160391

2. I received a response to my PM from sdcoin (rynomster). He answered some questions for me about the anon transfer whitepaper he wrote for CINNI (and why he took a different approach for shadowcoin).  I appreciated his response and will keep working hard on making anon transfers work for CINNI



Time for some caffeine so I can stay up late to look at more code

"This PoS interest that is mined but never confirmed"  are you sure this is not being confused with orphans block which are normal. There naturally will be a HUGE amount of orphan blocks in wallets that have alot stakes ready to go, in my wallet at any time i have at least 2000 stakes, if i open the wallet i will get a dozen firing off in the first minute, of which a couple will be orphans.  If someone is getting alot of orphans they may need to sync their clock and make use of reservebalance to set a limit on how much of their coins is available for stake at any one point in time.  reservebalance set to 2/3rds of the balance should alleviate alot the orphan problem.  It won't fix the bug that returns staked input twice on some inputs.  

If the problem is that difficult to isolate, maybe you can consider going back to latest BC source, make adjustments to work with Cinni and continue from there?

Block time adjustments should be made in consideration to the fact that less people support Cinni network will make transaction times take alot longer.

I think a better solution is to implement a minimum amount that can stake below which is ignored (eg 100 or 50 Cinni, no dust amounts), limits on splitting (similar or the same as BC, instead of infinite), and no maximum coinage to increase security slightly.

Thank you! You explained the orphan block issue much better than I did.

I really like your idea about a minimum stake amount. Perhaps we should all agree on what "dust amount" means. We don't want to upset any CINNI holders who are expecting interest on very small balances.

another point about the orphan blocks is that they are not lost stakes, wallet will keep trying to stake those inputs until its successful. The downside is that orphans or otherwise start to fill the wallet.dat, increasing its size and possibly affecting its performance.  To clear out orphans and  cut out the bloat the only method readily available is to export and import the privatekeys to a new wallet.dat.

So perhaps a feature that could be created for Cinni is a type cleaning function that can safely clear the wallet of orphans, while preserving the rest of the transactions/successful stakes.  Or even a "rebuild" function that would clear out all transactions and then rescan the blockchain to rebuld the wallet.dat without the orphans cluttering it while preserving all the privatekeys/keypool in the wallet.dat.  


About dust amounts again, maybe having both a set minimum in inputs that will still stake but not split and also a higher fixed minimum amount of coin in input that will not split further?  This would allow small holders of Cinni, to still stake without turning their wallets into a nightmare of inputs that may end up costing more in transaction fees when they decide to spend/send some or all it to another address.  


I could be overcomplicating this as I mentioned before BlackCoin seems to eliminate any further splitting after the first stake, my wallet from months ago still has only split once into 2 inputs from the original deposit i made to and I stake regularly but no further splitting occurs. This can allow for some thoughtful deposits to be made for network support and optimizing the coins gained from interest without worrying about the inputs becoming too small/dust in long term holding/staking.




 

[Kuriso]

Wasnt there a post here earlier about some working anon stuff??

[digit]

Wasnt there a post here earlier about some working anon stuff??

yeah seems to have been deleted :\

[brookefinancial]

Wasnt there a post here earlier about some working anon stuff??

yeah seems to have been deleted :\

Lol I saw it too and I almost bought on cryptsy. Why is it gone? price is down on mintpal

[gr8n8]

wow amazing progress i'm surprised anon was able to be developed so quickly.. (especially from someone who is obviously modest about their abilities) -
10% sounds too high - the 3.5% stake is something that attracted me to cinni, i would feel that 10% would devalue the coin with too much supply so my vote is that it stays the same, 3.5% is plenty incentive to stake.

looking forward to video

[pawlo74]

Wasnt there a post here earlier about some working anon stuff??

yeah seems to have been deleted :\

Lol I saw it too and I almost bought on cryptsy. Why is it gone? price is down on mintpal

Don't buy on Cryptsy, you won't be able to withdraw Cinni.
Cryptsy have Cinni wallet ofline for long time.
WHY Staking dust issues

Thank you for contacting Cryptsy.

We deeply apologize on the delay and for any issues that may have arisen due to this.
CINNIcoin wallet is still under maintenance and will try our best to have it back soon.
Our technical support team is currently working on this to upgrade and do whatever is necessary to keep these issues from happening again.
I apologize there is no estimated time given from our tech support. Once its back online will keep you posted as soon as possible.
Sorry for the delay and thank you kindly for your patience. Will keep you posted as soon as its back online.
Thank you kindly for your patience.
 
Sincerely,
Michelle
Cryptsy.com

[Kuriso]

Wasnt there a post here earlier about some working anon stuff??

yeah seems to have been deleted :\

Sorry about that. I was asked to wait and post it later (Wednesday perhaps) so we could coordinate the news announcement for better exposure. I deleted it hoping nobody else had seen it yet.  Since only one person sent me a PM afterwards I thought I deleted it in time. Since that is apparently not the case here is what I wrote:

Anon transfers are working in alpha testing!

I will record a video and upload it later so everyone can see how it works in alpha testing.

Still need more users for beta testing (in addition to those that messaged me previously). I think we should be able to begin beta testing this week!  After I record and upload the YouTube video, I can start responding to more PMs to set up logistics for beta testing.

I tend to agree with Digit on everything he wrote above. The blackcoin code (and supporting whitepaper) does a good job with these issues
https://bitcointalk.org/index.php?topic=573232.msg8279521#msg8279521

We should also consider raising the PoS interest rate from 3.5% (to perhaps 10%?). What do others think? Many people have multiple coins and don't like to run lots of wallets. We need to encourage staking. Besides our EM, invoicing features, and soon anon transfers, a higher interest rate would encourage more people to stake instead of holding CINNI in an exchange wallet.

Well good.  I was hoping I didn't just get scammed.  i bought a little more cinni when i seen it.  Then i came back and it was gone.  I sat here questioning if I had even really seen what I had seen lol.  Not cool, not cool at all bro... lol  Thanks for updating us.

[gr8n8]

i know alot of people are holding coins on exchanges due to minor wallet bugs (i believe this is the staking dust issue that has been mentioned)
i think 5% is as high as you should consider - i may be wrong and not be sure of whats best for the coin but i think the idea about leaving it at 3.5% is good even 5% means more supply that needs to be bought up, i believe most of the high interest coins have done badly, i think stopping the coin from its decline in value will cause more people to be more interested in staking

[pawlo74]

i know alot of people are holding coins on exchanges due to minor wallet bugs (i believe this is the staking dust issue that has been mentioned)
i think 5% is as high as you should consider - i may be wrong and not be sure of whats best for the coin but i think the idea about leaving it at 3.5% is good even 5% means more supply that needs to be bought up, i believe most of the high interest coins have done badly, i think stopping the coin from its decline in value will cause more people to be more interested in staking

+1

[pawlo74]

fuck shit.

Librexcoin has just launched the 1st POS coin staking wallet for Android devices.

upppsss !!!!

I feel sorry for Shadowcoin 
 

Sorry guys could not resist.
Rynomster deserved it for how he left Cinni "family problems"

[smalltimer]

shitcoin of magnitude.
I lost about 20% of my balance to the nirvana. Blockexplorer shows it is there but my wallet shows it not.
So how do i get my coins back from nirvana?

[Schild_]

I've sent my coin to the exchanges cause the wallet wasn't doing so well.

I cannot even explain how complicated it was. Had to do 30 coins per 30 coins cause of double spending or so. Some of my coins disappeared.
Everything is gonna be solved soon.

[pawlo74]

shitcoin of magnitude.
I lost about 20% of my balance to the nirvana. Blockexplorer shows it is there but my wallet shows it not.
So how do i get my coins back from nirvana?

Use cmd than CinniCoin-qt.exe -rescan

you won't loose any coin

is good to use also Cinnicoin wallet/help/debug window/Console

type

repairwallet

isn't that complicate it is unbelievable SIMPLE