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Author Topic: BlueCoin (ß) |Hybrid Cold Staking | Bluetooth | 3% Annual Rewards  (Read 172980 times)
RoyalSands
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June 24, 2014, 06:55:59 AM
 #601

Proposal from Team BLUE:

Currently the Blue Team is looking into a possible scenario where BlueCoin will take form as a PoS / X11 hybrid coin instead of just PoS only. As we have seen in the past PoS-only coins can be prone to 51% attacks while an attacker holds only 20% of the total coins in circulation. This can happen when a majority of coins have been “locked” or are sitting inactive in cold storage.

Until cold minting is perfected and realized, this problem will continue to plague PoS-only coins and require centralized efforts to mitigate these types of attacks. When applying a PoW algorithm to the equation this “exploit” becomes very difficult if not impossible to execute.

The BlueCoin team believes in innovative PoS solutions, and more importantly believes in the economic model behind BLU offering a 3% annual interest rate to all the users of its network. With that said we feel that in order to maintain a secure and decentralized network it would be best to keep the ASIC resistant, CPU+GPU friendly X11 algorithm, running past block 10,000 and beyond.

In doing this BlueCoin would essentially drop the PoS interest to 1.5% per annum, and set the PoW distribution rate to a steady 1.5% per annum, leaving the original 3% return per annum unscathed. To conclude the top reasons for Blue going in this direction are to 1. Secure the network from these types of attacks now and in the long-term future. 2. Maintain a truly decentralized eco-system. 3. Involve more users into the equation by allowing them to mine with their laptops / personal computers with no indefinitely.

We by no means want to change the rules unilaterally and would love to hear from you the Blue community! Let us know what you think about this proposal. As always we’re here to serve you!

http://www.peercointalk.org/index.php?topic=2783.0
http://wiki.darkcoin.eu/wiki/X11


With PoW at 1.5% per annum what would the block reward be?
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OmarGsPools
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Hirocoin Dev Team / Pool Operator


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June 24, 2014, 04:00:53 PM
 #602



http://omargpools.ca/blu
Come join us!

  • Hosted in Canada
  • Dedicated Server Located On Site
  • Proportional Payout System
  • 1% Fee
  • Transaction Fees Paid to Miners
  • Single Registration for ALL Pools
  • Donations are greatly appreciated as always

OmarG Pools - http://omargpools.ca/pools.html
Hirocoin Multipool ~HiroPool~ - http://hiropool.org/hiro
Isracoin Multipool - http://isrmultipool.info/isr/
BlueCoiner
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June 25, 2014, 12:59:21 AM
 #603

Fix has been released for the coin control issues.

BlueCoin v1.1.2.0 : https://github.com/bluecoiner/bluecoin

Changes:
*Coin Control and various bugs fixed

Wallets are being recompiled..

BlueCoiner
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June 25, 2014, 01:05:40 AM
 #604

Proposal from Team BLUE:

With PoW at 1.5% per annum what would the block reward be?
After doing some quick math, the block reward would be reduced to roughly 45 BLU per mined block.

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June 25, 2014, 03:26:08 AM
 #605

Team BLUE is thinking about creating an x11 miner directly into the client with the option to cycle between CPU and GPU mode (depending on the users computer). This would allow for users to mine efficiently simply by downloading the BLU wallet.

What would our fellow Bluecoiners think of such a move ?


RoyalSands
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June 25, 2014, 04:57:12 AM
 #606

Proposal from Team BLUE:

Currently the Blue Team is looking into a possible scenario where BlueCoin will take form as a PoS / X11 hybrid coin instead of just PoS only. As we have seen in the past PoS-only coins can be prone to 51% attacks while an attacker holds only 20% of the total coins in circulation. This can happen when a majority of coins have been “locked” or are sitting inactive in cold storage.

Until cold minting is perfected and realized, this problem will continue to plague PoS-only coins and require centralized efforts to mitigate these types of attacks. When applying a PoW algorithm to the equation this “exploit” becomes very difficult if not impossible to execute.

The BlueCoin team believes in innovative PoS solutions, and more importantly believes in the economic model behind BLU offering a 3% annual interest rate to all the users of its network. With that said we feel that in order to maintain a secure and decentralized network it would be best to keep the ASIC resistant, CPU+GPU friendly X11 algorithm, running past block 10,000 and beyond.

In doing this BlueCoin would essentially drop the PoS interest to 1.5% per annum, and set the PoW distribution rate to a steady 1.5% per annum, leaving the original 3% return per annum unscathed. To conclude the top reasons for Blue going in this direction are to 1. Secure the network from these types of attacks now and in the long-term future. 2. Maintain a truly decentralized eco-system. 3. Involve more users into the equation by allowing them to mine with their laptops / personal computers indefinitely.

We by no means want to change the rules unilaterally and would love to hear from you the Blue community! Let us know what you think about this proposal. As always we’re here to serve you!

http://www.peercointalk.org/index.php?topic=2783.0
http://wiki.darkcoin.eu/wiki/X11


I totally understand the reasoning behind this plan however 3% per annum is already rather small and not much incentive to hold onto coins.  At 1.5% per annum there is even less incentive to hold coins for a longer time period.  Just saying.
BlueCoiner
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June 25, 2014, 05:14:08 AM
 #607

Proposal from Team BLUE:

Currently the Blue Team is looking into a possible scenario where BlueCoin will take form as a PoS / X11 hybrid coin instead of just PoS only. As we have seen in the past PoS-only coins can be prone to 51% attacks while an attacker holds only 20% of the total coins in circulation. This can happen when a majority of coins have been “locked” or are sitting inactive in cold storage.

Until cold minting is perfected and realized, this problem will continue to plague PoS-only coins and require centralized efforts to mitigate these types of attacks. When applying a PoW algorithm to the equation this “exploit” becomes very difficult if not impossible to execute.

The BlueCoin team believes in innovative PoS solutions, and more importantly believes in the economic model behind BLU offering a 3% annual interest rate to all the users of its network. With that said we feel that in order to maintain a secure and decentralized network it would be best to keep the ASIC resistant, CPU+GPU friendly X11 algorithm, running past block 10,000 and beyond.

In doing this BlueCoin would essentially drop the PoS interest to 1.5% per annum, and set the PoW distribution rate to a steady 1.5% per annum, leaving the original 3% return per annum unscathed. To conclude the top reasons for Blue going in this direction are to 1. Secure the network from these types of attacks now and in the long-term future. 2. Maintain a truly decentralized eco-system. 3. Involve more users into the equation by allowing them to mine with their laptops / personal computers indefinitely.

We by no means want to change the rules unilaterally and would love to hear from you the Blue community! Let us know what you think about this proposal. As always we’re here to serve you!

http://www.peercointalk.org/index.php?topic=2783.0
http://wiki.darkcoin.eu/wiki/X11


I totally understand the reasoning behind this plan however 3% per annum is already rather small and not much incentive to hold onto coins.  At 1.5% per annum there is even less incentive to hold coins for a longer time period.  Just saying.
Interesting.

We're open to hearing from the community on this one.

We want to make this perfect so that the coin is secure and everyone is contributing to decentralizing and protecting the ecosystem.

vires in numeris

stonedpuppy
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Too old for this shit!


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June 26, 2014, 01:50:15 AM
 #608






Central U.S. Server at bluecoin.stonedpuppy.com - MPOS with NOMP Stratum, 2 VarDiff ports, PPLNS & 1% pool fee.
Also, 24hr long pool bonuses of up to 25% each week (unannounced) for a little fun.


28 June, 11AM Central time in Arkansas: I'd like to thank BlueCoin for the 100,000 coin bounty.  I've placed the entire balance in the pool wallet for pool bonuses. This will be the only 'announced' bonus...25% for the 24hrs!


BlueCoiner
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June 26, 2014, 07:34:53 PM
 #609

BlueCoin v1.1.2.0 Fixes:

1. Fixed issues with Coin Control.
2. Fixed several compiling errors.

Thank you PCMERC and Agran for compiling these wallets for us!

WINDOWS v1.1.2.0: http://coinia.net/bluecoin/bluecoin-win-v1.1.2.0.zip
MAC v1.1.2.0:  http://pcmerc.com/files/Bluecoin-Qt.dmg

BlueCoiner
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June 26, 2014, 09:04:23 PM
 #610

New contest with one million BLU up for grabs!

We need a new mascot! Do you have what it takes?

https://bitcointalk.org/index.php?topic=667224.msg7534895#msg7534895

RonMank
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🌟ATLANT ICO ENDING SOON🌟


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June 26, 2014, 09:22:16 PM
 #611

New contest with one million BLU up for grabs!

We need a new mascot! Do you have what it takes?

https://bitcointalk.org/index.php?topic=667224.msg7534895#msg7534895

I started up with my design example first. https://bitcointalk.org/index.php?topic=667224.msg7535109#msg7535109

BlueCoiner
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June 26, 2014, 09:25:38 PM
 #612

New contest with one million BLU up for grabs!

We need a new mascot! Do you have what it takes?

https://bitcointalk.org/index.php?topic=667224.msg7534895#msg7534895

I started up with my design example first. https://bitcointalk.org/index.php?topic=667224.msg7535109#msg7535109
Great submission Grin. We need blue aliens though.

Lots and lots of BLUE!

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June 26, 2014, 09:42:48 PM
 #613

this video makes me lulz because this alien is BLUE and he believes if he was GREEN he would DIE!

Listen and watch this ->> https://www.youtube.com/watch?v=cFfmrLl-BPw

"yo listen up, here is a story... about a little guy named BLUE .
Because all day and all night, and everything he sees is 'BLUE ' like him,
inside and outside! BLUE his HOUSE, in his blue little window,
and his BLUE Corvette, and everything around him is blue!!!"







lololol! GO BLUE!

I love being BLUE!

Join the contest, this is going to be awesome https://bitcointalk.org/index.php?topic=667224

New contest with one million BLU up for grabs!

We need a new mascot! Do you have what it takes?

https://bitcointalk.org/index.php?topic=667224.msg7534895#msg7534895

Original blue video: https://www.youtube.com/watch?v=68ugkg9RePc
Note we are not the owners of this video, this is just crediting the original source of this amazing theme song back in the late 90's
Who remembers this?




BlueCoiner
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June 26, 2014, 09:54:42 PM
 #614

I'm BLUE Da Ba Dee Da Da Ba Dee Da  Cool

RoyalSands
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June 26, 2014, 10:09:49 PM
 #615

BlueCoin v1.1.2.0 Fixes:

1. Fixed issues with Coin Control.
2. Fixed several compiling errors.

Thank you PCMERC and Agran for compiling these wallets for us!

WINDOWS v1.1.2.0: http://coinia.net/bluecoin/bluecoin-win-v1.1.2.0.zip
MAC v1.1.2.0:  http://pcmerc.com/files/Bluecoin-Qt.dmg

Coin control still does not work with the windows version.
BlueCoiner
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June 26, 2014, 10:33:53 PM
 #616

BlueCoin v1.1.2.0 Fixes:

1. Fixed issues with Coin Control.
2. Fixed several compiling errors.

Thank you PCMERC and Agran for compiling these wallets for us!

WINDOWS v1.1.2.0: http://coinia.net/bluecoin/bluecoin-win-v1.1.2.0.zip
MAC v1.1.2.0:  http://pcmerc.com/files/Bluecoin-Qt.dmg

Coin control still does not work with the windows version.
What issue are you experiencing with it?

Please describe error in full.

RoyalSands
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June 27, 2014, 12:56:56 AM
 #617

BlueCoin v1.1.2.0 Fixes:

1. Fixed issues with Coin Control.
2. Fixed several compiling errors.

Thank you PCMERC and Agran for compiling these wallets for us!

WINDOWS v1.1.2.0: http://coinia.net/bluecoin/bluecoin-win-v1.1.2.0.zip
MAC v1.1.2.0:  http://pcmerc.com/files/Bluecoin-Qt.dmg

Coin control still does not work with the windows version.
What issue are you experiencing with it?

Please describe error in full.

I go to settings, options, display and check the box next to "Display coin control features (experts only)", apply and ok.  Then I go to "Send coins".  A new "Coin Control Features" interface should appear above "Pay to" that looks something like this:



But nothing changes, there are no coin control features there at all.  Even after restarting the wallet and/or checking and unchecking the box again.  I also tried deleting everything except the wallet.dat and starting over again.
drkwatcher
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June 27, 2014, 11:57:42 AM
 #618

I  am mining at http://bluecoin.stonedpuppy.com. My payment address was changed without my consent and coins cashed out(5,341.94256592 coins). I sent email to admin, still dont have a reply. Is sense some scam ...
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June 27, 2014, 12:03:55 PM
 #619

I  am mining at http://bluecoin.stonedpuppy.com. My payment address was changed without my consent and coins cashed out(5,341.94256592 coins). I sent email to admin, still dont have a reply. Is sense some scam ...

I got  contacted by admin. He said he will deal with this issue.
ethought
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June 27, 2014, 02:36:12 PM
 #620

Bluecoin has now been added to the Game of Dice website.

http://www.gameofdice.com/BLU

1% House Edge
Quick Payouts

Smiley
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