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 Author Topic: [ANN] [YC] YellowCoin ★★Pure POS★★ Let's color the MOON !!!1.0.0.3 Updated  (Read 185866 times)
extremegixxer
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 May 12, 2014, 08:08:20 PM

Hi guys,

Sorry for the long post and to those with less patience .

I'm a yellowcoin fan (so there is no doubt about it later). I'm more the reader than the writer so i just read all the comments and take my conclusions while laughing (or should it be crying ?! ) at some comments..

Anyway, I cannot make sense of the maths that's in here, so just wanna share to you my thoughts and asking if anyone can help clarifying or make sense to what is happening.

So assuming the 10% POS for 10 days we have more 10% * 10%... = 1.1 * 1.1 = 1.1^10 = 2,593742460100002.

Let's just consider my two first transactions, 23549.185 and 988.232894, total 24537,417894 YC.

Let's forget the ~9200 on other transactions and mining and ~5500 lost on orphan blocks that did not recover.

so 24537,417894 * 2,593742460100002 = 63643,742652885370104 YC Which is more than the total i currently have on my wallet ~62000 YC.

So what's wrong here? I should have a total of 80500 YC in my wallet but i have 20000 YC less.

This equals 25% of all the YC i should have.. missing.

I do like YellowCoin and i understand things can have problems and that that takes time.. but it must work.. and staking is not working properly.. you can say it's working, good.. but have all of you made the maths with your wallets and check the theoretical total balance?
Working. not as expected.. staking, but not 10%, at least to me.. it seems more like 7.5%..

Just wanted to understand what's going on here and where's my 20000 YC.. that's a big amount of them, for me at least.. and when the price rises it will make a lot of difference.. so what can be done, is there a way they can re-evaluate what people should have and are not receiving? Where are my lost 20000 YC and in what wallet did it land?

Thank you guys.

I'll double check mine when I get back from holiday and confirm with you. That doesn't quite add up!

I have always assumed it to be compound staking? Which would be total*1.1=x then next day x*1.1=y then next  day y*1.1=z etc.

Please do I just want to understand what's wrong here and if it is happening with with you too.. maybe it's happening with some of you guys too and you didn't notice or it could be just me..

"It seems to be alright because unless you do the math you will never notice the difference. It's not a huge difference because the payout is divided in chunks, so you never realize how much it's getting in since it's changing all the time.

You win 10% per day of all that you have in your wallet, for 10 days, so you have a profit of 10% every day during 10 days, which equals 10% day1 + 10% day2 + 10% day3 + 10% day4 + 10% day5 + 10% day 6 + 10% day 7 + 10% day 8 + 10% day 9 + 10% day 10, which is equal to 1.1 * 1.1 * 1.1 * 1.1 * 1.1 * 1.1 * 1.1 * 1.1 * 1.1 * 1.1 in total sum.

IE:

If you have 100BTC:
At end of:
Day 1: 100 * 110% = 100 * 1.1 = 110
Day 2: 110 * 110% = 100 * 1.1 = 121
Day 3: 121 * 110% = 100 * 1.1 = 133.1
Day 4:  * 110% = 100 * 1.1 = 146.41
Day 5:  * 110% = 100 * 1.1 = 161.051
Day 6:  * 110% = 100 * 1.1 = 177.1561
Day 7:  * 110% = 100 * 1.1 = 194.87171
Day 8:  * 110% = 100 * 1.1 = 214.358881
Day 9:  * 110% = 100 * 1.1 = 235.7947691
Day 10:  * 110% = 100 * 1.1 = 259.37424601

All this equals 1.1 * 1.1 * 1.1 * 1.1 * 1.1 * 1.1 * 1.1 * 1.1 * 1.1 * 1.1 * 100 = 1.1^10 * 100 = 2.593742460100002 * 100 = 259.37424601.

Here's my math man"
that's not POS man, that's bank interest!
u cannot stake all ur transactions each day (perhaps first day yes) but u don't lose nothing when the interest rate is fixed (you will eventually have your interest).
in this case the interest rate is limited in time (in blocks), the operation stops at the block 108000. the transactions Splits have not yet been Stake, will Stake  with the 3.5% annual interest..
the small difference is due to the fact that all existing YC(transactions) have entered on the Stake (10%) at the same time, so each new block generated will support a part, and transactions must wait their turn (heigh wheight). 10% is time limited , so there will be transactions (or splits) that ll do not have 10% on the last days ...

Even so man, if you took off the last day, the day before.. it's still not there.. the math has to be right man. That's a 20k difference in my wallet, 25% of total, not a 1k or 2k.. and i just have around 60k on it, so on bigger wallets..

But it's really simple to sum everything up and check that out..

Why can't someone just do it?
The OP says: "Block Day 15-25 (POS): Blocks 64800 -108000 Nominal Stake Interest: 10% Daily". What if days and blocks aren't synchronous? By the way: 15-25 are 11 days.

They are, they have to be or none of these would make sense. Math has to be there.

It's all about blocks, not days.. we talk about days because x blocks represent y days.

YC have 20 second blocks.. 60 * 60 * 24 = 86400 seconds in a day.

86400 / 20 = 4320 new blocks a day of YC.

108000 - 64800 = 43200 = 4320 blocks * 10 days.

Block Day 15-25 (POS): Blocks 64800 -108000 Nominal Stake Interest: 10% Daily" --> Devs mistake on the number of days.
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placebo
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 May 12, 2014, 08:18:09 PM

Block Day 15-25 (POS): Blocks 64800 -108000 Nominal Stake Interest: 10% Daily" --> Devs mistake on the number of days.

I don't think he made it on propose, so i would also say 10 days and saying from day 15 till 25 as it is a error that a lot of people make, but everybody knows that he in fact means from 15 - 24. or maybe it is half of day 15 till have of they 25
extremegixxer
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 May 12, 2014, 08:41:14 PM

Block Day 15-25 (POS): Blocks 64800 -108000 Nominal Stake Interest: 10% Daily" --> Devs mistake on the number of days.

I don't think he made it on propose, so i would also say 10 days and saying from day 15 till 25 as it is a error that a lot of people make, but everybody knows that he in fact means from 15 - 24. or maybe it is half of day 15 till have of they 25

I don't think he did on purpose, too. That's why i said "mistake". No mistake happens on purpose i guess

That's a very plausible error to make.. In fact it's not even an error since the domain is unknown, it can contain 25 or not contain 25.. [15, 25] contains it and [15, 25[ don't..
nick777
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 May 12, 2014, 09:00:37 PM

MintPal @MintPalExchange
WATER have again asked to be excluded from voting this week as their new wallet is to be released today. Winner will be taken from the rest.

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placebo
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 May 12, 2014, 09:00:59 PM

Have a look here...

http://hellsmonkeys.com/aaa/

placebo
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 May 12, 2014, 09:02:09 PM

MintPal @MintPalExchange
WATER have again asked to be excluded from voting this week as their new wallet is to be released today. Winner will be taken from the rest.

Yeap, but XXL is also very high!!!! We cannot put 5BTC into play to get listed... it is a lot of money....
placebo
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 May 12, 2014, 09:10:59 PM

Ok, XXL is gone, so next week WATER and the week after it is YC turn.... we just need to be patient for another 2 weeks... lets create a little hype, people cannot mine anyway
placebo
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 May 12, 2014, 09:40:17 PM

Another exchange.....

https://www.bitonyx.com/voting
WalkerLi
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hello world, hello crypto

 May 13, 2014, 02:14:40 AM

I think many people have overlooked this coin. I'm also a whitecoin supporter but way too much drama over there. I dont like that.

I'm glad I mined many, stake plenty more and now on the multipool

Buy those cheap YC now! Just wait till it hits a bigger exchange

Indeed, if you are a big bag owner then a little donation to mintpal can help us to hit mintpal. Now people are selling their coins as the 10% POS is finished, so they want to sell their stake, now the question is when will we hit a big exchange. I know (as i had a talk with someone) that there are a few investor groups looking at Yellowcoin. It are not the big groups, as they were talking about just 100BTC, but it is a good start to get it moving...

I have contacted Mintpal today. YC will be listed if we won the voting.

So, keep voting, we will be listed soon

kelsey
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 May 13, 2014, 06:32:00 AM

not received any of that 10% staking
YYY999
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 May 13, 2014, 06:51:10 AM

This meeting more platforms
Braindance
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 May 13, 2014, 07:17:54 AM

Yellow coin is in an upswing now, probably 2 to 3 cents by the end of the week
atchoum6760
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 May 13, 2014, 07:47:47 AM

not received any of that 10% staking

YCproject
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 May 13, 2014, 11:03:03 AM

We have been working on YC overseas online shopping lately.

When talking about YC, it is easy to associate it with the Chinese nation, the huge china population as well as the huge Chinese market. Overseas online shopping (OOS) has become an increasing market in China, however, people cannot freely pay for shopping with US dollars online due to the limited means of payment. BTC shopping is blocked in mainland China, while OOS is free from this restriction, YC is the very means of payments beyond all bound, and leads a promising industry!

Focusing on the luxury market, we will provided an access for Chinese people to high priced luxury. As the world's largest market, YC’s entry into the luxury market will enhance our brand and popularity, win us huge sales, and add various benefits on our way to the luxury market.  In addition, luxury buyers can also be investors, and it will produce positive effect both in additional revenues, and a good sign for the YC share price!

The YC team combines the top Chinese and U.S talent, our team is committed to improve the use and circulation. Our commodity will be the cost price, which is 20% or 30% lower than the Chinese domestic price.Taking a far insight into long-term development, YC may lose the short-term profit on sales.  Enjoying the unique US geographical advantages, our products will be authentically made in US but at a low-price, YC will attract a large number of members. That means millions of dollars.

YC is also an example to current  cryptocurrency, if we make it, it will break the theory that "Altcoins can only pump and dump", it will take its own place in the market segment, it is also an innovation and exploration in Cryptocurrency.

Let's Color the MOON: YJPz5rofb2h1iayWY3rSddrW1qyU
HansW
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 May 13, 2014, 12:27:59 PM

We have been working on YC overseas online shopping lately.

Great job

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placebo
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 May 13, 2014, 12:44:34 PM

We have been working on YC overseas online shopping lately.

Great job

+1 The kiss was too much
Specialkey
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 May 13, 2014, 01:32:45 PM

Good Job
dkwu
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 May 13, 2014, 02:01:33 PM

We have been working on YC overseas online shopping lately.

Great job

+1 The kiss was too much
+1 good job
WalkerLi
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hello world, hello crypto

 May 13, 2014, 02:05:50 PM

We have been working on YC overseas online shopping lately.

Great job

+1 The kiss was too much
+1 good job

it's awesome

MajidBC
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KryptKoin is one of the best!!!

 May 13, 2014, 08:22:27 PM

We have been working on YC overseas online shopping lately.

Great job

+1 The kiss was too much

That was both promising and funny.

That's a nice idea.
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