[ANN][OC] Orangecoin ★★ POS ★★ Anon Transactions ★★ Masternodes

[Halofire]

No it is more simple.
For EnergyCoin I get 5000 ENRG PoS per day and that I want to redistribute via lottery for small holders.
OrangeCoin can do the same or are here no bag-holders?
For StakeCoin the same and my developer can create that feature.
In a Rapberry-PI we can combine the 3 coins and application.

Wait I JUST Read this..... so you're going to add 1,825,000 Coins to the table every year @ 5000x365 assuming you're stating accurate numbers if not, its an estimate then..... and that's NOT counting the influx of the POS going up so like 5000 one day, 5001 the next, 5002 so on and so on.

Halo, Soopy is there a way to find out the inflation rate base upon who's staked and who's lost wallets?

Here's the basics:
http://inflationdata.com/inflation/Inflation_Articles/CalculateInflation.asp

Problem is, we don't know who's wallets are really lost, or just offline -- including the old large amounts.

Couldn't we go off of the number of days inactive? Like before we were noticing wallets with an age of 400+ days. And how old exactly is OC?

I've investagate this for EnergyCoin

We have about 10% long time offline and 20% stored on Bittrex.
The sleeping wallets can wake up every moment owner see posibility for profit.
The offline wallets only missing the compound effect and coins stored on Bitterx have no effect on the inflation.

Specs for EnergyCoin:
Algorithm: Scrypt POS/PoW Hybrid (No PoW Reward)
Max Coins: 110 Million and yearly interests.
Year 1: 10% interest
Year 2: 8%
Year 3: 6%
Year 4: 4%
Year 5: 2%
Next : 1%

Block Time: 30 seconds
Confirmations: 3 to confirm tx
Stake age: minimum 1 day to stake coins

So for EnergyCoin 116M - 21.7M = 94.3M coins in stake with 8% rate is total 102m + 21.7 = 123.5M next year (excluding compount effect and coins for Bitterx)
As a developer I can change the PoS-reward if needed for future applications.
So every moment sleping wallets can wake up and begin to stake.

This is fantastic information Jan!

Halo. Can we crunch some numbers as well to see what we come up with..... Also for "Sleeping Wallets" Some nodes might have multiple Wallets.... Like me for example i have a Wallet with two addresses.. One is EMPTY. So if we can take that in to consideration as well that'd be awesome and give us more precise numbers.

Also I have been blowing up twitter and Reddit about OC! we should all do our part, and PR the SH1T out of this.

If we had 50M after 2 weeks of PoW (May 10th-ish), and we have ~57M around the 1 year mark in May for PoS, ~12% (12.5) was the first year total PoS return of OC as a whole. From that, we can deduce ~60% of the coins are actively staking.

Actuals:
57 / 50= 1.14 / 100 =  14% PoS return rate year 1, actual realized.
14% actual PoS return / 20% projected PoS return = 70% of coins staked in first year.

Our inflation rate is way behind the projected inflation rate because not all coins staked, we are 30% ahead of the projected devaluing inflation rate. This also means that PoS will be producing for more years than the projected 40+ years until our cap is hit.

[raven7886]

You guys are talking about POS REWARDS.

An increase in POS rewards, over a limited period of time will increase DEMAND and PRICE of ORANGECOIN.

John you are right, BUT if the limited time is (for example:) 2 weeks, then you will be right for the first week, then we will see dumping. More alt-coin PoS rewards only devalues a currency against btc. Just look at the extreme example of 10k coin. People want to make profit off of rare coins and will dump free ones.

If we want more value, price and demand, we have to build this coin the right way with usage and services.

Get out of my head Halo!!! Haha, Great minds think alike.

You guys are talking about POS REWARDS.

An increase in POS rewards, over a limited period of time will increase DEMAND and PRICE of ORANGECOIN.

Who is talking about extra PoS rewards?
The idea I present asumes donation donation donation for extra rewards.

Elaborate..... Are you talking like Start??

You guys are talking about POS REWARDS.

An increase in POS rewards, over a limited period of time will increase DEMAND and PRICE of ORANGECOIN.

I need you to elaborate as well.. Do you have any ideas how this would work? Or implementations.



Then the GRANDADDY of the question, Where are we with Masternodes!? That will be HUGE! -Soopy

Also @Jan Do you know anything about Masternodes, or have anyone in mind I can chit chat with?

I am sorry for the questions. But I am trying to help, by volunteering my time and effort and a silver tongue. Also do we have any translations of other languages, was that even thought with the original dev?

Cheers! And keep up the GREAT EXCELLENT WORK!

-Raven

No it is more simple.
For EnergyCoin I get 5000 ENRG PoS per day and that I want to redistribute via lottery for small holders.
OrangeCoin can do the same or are here no bag-holders?
For StakeCoin the same and my developer can create that feature.
In a Rapberry-PI we can combine the 3 coins and application.

Wait I JUST Read this..... so you're going to add 1,825,000 Coins to the table every year @ 5000x365 assuming you're stating accurate numbers if not, its an estimate then..... and that's NOT counting the influx of the POS going up so like 5000 one day, 5001 the next, 5002 so on and so on.

Halo, Soopy is there a way to find out the inflation rate base upon who's staked and who's lost wallets?

Here's the basics:
http://inflationdata.com/inflation/Inflation_Articles/CalculateInflation.asp

Problem is, we don't know who's wallets are really lost, or just offline -- including the old large amounts.

Couldn't we go off of the number of days inactive? Like before we were noticing wallets with an age of 400+ days. And how old exactly is OC?

I've investagate this for EnergyCoin

We have about 10% long time offline and 20% stored on Bittrex.
The sleeping wallets can wake up every moment owner see posibility for profit.
The offline wallets only missing the compound effect and coins stored on Bitterx have no effect on the inflation.

Specs for EnergyCoin:
Algorithm: Scrypt POS/PoW Hybrid (No PoW Reward)
Max Coins: 110 Million and yearly interests.
Year 1: 10% interest
Year 2: 8%
Year 3: 6%
Year 4: 4%
Year 5: 2%
Next : 1%

Block Time: 30 seconds
Confirmations: 3 to confirm tx
Stake age: minimum 1 day to stake coins

So for EnergyCoin 116M - 21.7M = 94.3M coins in stake with 8% rate is total 102m + 21.7 = 123.5M next year (excluding compount effect and coins for Bitterx)
As a developer I can change the PoS-reward if needed for future applications.
So every moment sleping wallets can wake up and begin to stake.

This is fantastic information Jan!

Halo. Can we crunch some numbers as well to see what we come up with..... Also for "Sleeping Wallets" Some nodes might have multiple Wallets.... Like me for example i have a Wallet with two addresses.. One is EMPTY. So if we can take that in to consideration as well that'd be awesome and give us more precise numbers.

Also I have been blowing up twitter and Reddit about OC! we should all do our part, and PR the SH1T out of this.

If we had 50M after 2 weeks of PoW (May 10th-ish), and we have ~57M around the 1 year mark in May for PoS, ~12% (12.5) was the first year total PoS return of OC as a whole. From that, we can deduce ~60% of the coins are actively staking.

Actuals:
57 / 50= 1.14 / 100 =  14% PoS return rate year 1, actual realized.
14% actual PoS return / 20% projected PoS return = 70% of coins staked in first year.

Our inflation rate is way behind the projected inflation rate because not all coins staked, we are 30% ahead of the projected devaluing inflation rate. This also means that PoS will be producing for more years than the projected 40+ years until our cap is hit.

You are Boss!!! Perfect! Except your math...... 1.14 /100 = .0114 We are human and ALLOWED TO MAKE MISTAKES! that's why we have each other. So less than 2%

[Halofire]

Raven,

You mentioned reddit, and you mentioned you were learning code...
One of our ancient "to-do's" was to make a reddit tipbot. I believe this can be done in python, but I'm not exactly 100% sure.

--------------------------------------------------------------------------------------------------------------------------

Community,

Do we still want to make one? I don't care if we do or not, free coins usually end up getting dumped, but if we limit how much the tips are, then people will have to save up and collect.

Thoughts?

[babylon99]

What is POS ? BTC has got this ?

[Halofire]

OH MY GOD----SNIP!!!!!

If we had 50M after 2 weeks of PoW (May 10th-ish), and we have ~57M around the 1 year mark in May for PoS, ~12% (12.5) was the first year total PoS return of OC as a whole. From that, we can deduce ~60% of the coins are actively staking.

Actuals:
57 / 50= 1.14 / 100 =  14% PoS return rate year 1, actual realized.
14% actual PoS return / 20% projected PoS return = 70% of coins staked in first year.

Our inflation rate is way behind the projected inflation rate because not all coins staked, we are 30% ahead of the projected devaluing inflation rate. This also means that PoS will be producing for more years than the projected 40+ years until our cap is hit.

You are Boss!!! Perfect! Except your math...... 1.14 /100 = .0114 We are human and ALLOWED TO MAKE MISTAKES! that's why we have each other. So less than 2%

Yeah, I didn't even have my coffee yet.

My math is right, I wrote it wrong. 50 / 57 = .87xx * 100 = 87.xx% Invert it, it's 13-14% PoS.  To check, 50 * 14% = 7M + 50M = 57M.

Addition: when I did 57 / 50 = 1.14, that 1.14 equals 114%, should have just minused out 100 instead of divided, oh well.

[Halofire]

What is POS ? BTC has got this ?

PoS is Proof of Stake. It is like the interest that money in a bank account receives. BTC does not have this feature. Please refer here to find out more: http://orangecoin.weebly.com/

[Halofire]

OH MY GOD----SNIP!!!!!

If we had 50M after 2 weeks of PoW (May 10th-ish), and we have ~57M around the 1 year mark in May for PoS, ~12% (12.5) was the first year total PoS return of OC as a whole. From that, we can deduce ~60% of the coins are actively staking.

Actuals:
57 / 50= 1.14 / 100 =  14% PoS return rate year 1, actual realized.
14% actual PoS return / 20% projected PoS return = 70% of coins staked in first year.

Our inflation rate is way behind the projected inflation rate because not all coins staked, we are 30% ahead of the projected devaluing inflation rate. This also means that PoS will be producing for more years than the projected 40+ years until our cap is hit.

You are Boss!!! Perfect! Except your math...... 1.14 /100 = .0114 We are human and ALLOWED TO MAKE MISTAKES! that's why we have each other. So less than 2%

Yeah, I didn't even have my coffee yet.

My math is right, I wrote it wrong. 50 / 57 = .87xx * 100 = 87.xx% Invert it, it's 13-14% PoS.  To check, 50 * 14% = 7M + 50M = 57M.

Addition: when I did 57 / 50 = 1.14, that 1.14 equals 114%, should have just minused out 100 instead of divided, oh well.

This only tells us the the rate of PoS (or the rate of interest from a bank account), not inflation. If we want to find out inflation, then we have to find out how much of an item we could buy in OC at day 1 of PoS (May 10th-ish 2014) and how much of the that same item we can buy at May 10th 2015. The difference is the rate of inflation. With our price being all of the place, btc's price being all over the place, the actual inflation of the fiats, and product price varying, it is a complex equation when you start adding variables, on a global scale. If you want to compare inflation like OC:USD, OC:Euro, and then to OC:Russia Ruble, there will be a difference yet again because a gallon of milk costs different amounts depending on geo-location, even when using one currency for all. Simple, but complex.

[GREEDYJOHN]

Raven,

You mentioned reddit, and you mentioned you were learning code...
One of our ancient "to-do's" was to make a reddit tipbot. I believe this can be done in python, but I'm not exactly 100% sure.

--------------------------------------------------------------------------------------------------------------------------

Community,

Do we still want to make one? I don't care if we do or not, free coins usually end up getting dumped, but if we limit how much the tips are, then people will have to save up and collect.

Thoughts?

OK, I feel that we do not need to ALTER the POS rewards. Everything is OK as it is.

You are right, this coin will do well with services.

[raven7886]

Raven,

You mentioned reddit, and you mentioned you were learning code...
One of our ancient "to-do's" was to make a reddit tipbot. I believe this can be done in python, but I'm not exactly 100% sure.

--------------------------------------------------------------------------------------------------------------------------

Community,

Do we still want to make one? I don't care if we do or not, free coins usually end up getting dumped, but if we limit how much the tips are, then people will have to save up and collect.

Thoughts?

I happened to have found the Dogetipbot github repository I'll have to ask them to see if we can use it. Or if someone knows the Dogedevs could do the leg work as well.

Cheers!

And yes Halo Learning is the key word, ha.

Cheers!

-Raven

[Halofire]

Great!!! I don't use reddit at all, nor do I have an account, so this is a huge bonus for OC to have someone like yourself who's already involved in reddit. Thank you!

[raven7886]

OH MY GOD----SNIP!!!!!

If we had 50M after 2 weeks of PoW (May 10th-ish), and we have ~57M around the 1 year mark in May for PoS, ~12% (12.5) was the first year total PoS return of OC as a whole. From that, we can deduce ~60% of the coins are actively staking.

Actuals:
57 / 50= 1.14 / 100 =  14% PoS return rate year 1, actual realized.
14% actual PoS return / 20% projected PoS return = 70% of coins staked in first year.

Our inflation rate is way behind the projected inflation rate because not all coins staked, we are 30% ahead of the projected devaluing inflation rate. This also means that PoS will be producing for more years than the projected 40+ years until our cap is hit.

You are Boss!!! Perfect! Except your math...... 1.14 /100 = .0114 We are human and ALLOWED TO MAKE MISTAKES! that's why we have each other. So less than 2%

Yeah, I didn't even have my coffee yet.

My math is right, I wrote it wrong. 50 / 57 = .87xx * 100 = 87.xx% Invert it, it's 13-14% PoS.  To check, 50 * 14% = 7M + 50M = 57M.

Addition: when I did 57 / 50 = 1.14, that 1.14 equals 114%, should have just minused out 100 instead of divided, oh well.

So 14% inflation that's great! And I knew what you ment.

Cheers Halo!

Also I can figure out a Kiwi Freenode for us.. I could possibly host it ... but once you make something nice someone wants to destroy it out of jealousy.... Aka Hack


And Halo GET ON REDDIT! lol Just Joshing with you.

[raven7886]

And on a side note, can someone PM soopy to ask what we would need for masternodes? I can do some digging once I know, and maybe reach out to some over devs and get some input. Also have we thought of a POD Proof of Developer? I remember it used to be a big thing.

[raven7886]

I have reached out to a few people in regards of masternodes and translations; jl777 and ROBERTO (French)

[crypto4jan]

Then the GRANDADDY of the question, Where are we with Masternodes!? That will be HUGE! -Soopy

Also @Jan Do you know anything about Masternodes, or have anyone in mind I can chit chat with?

I am sorry for the questions. But I am trying to help, by volunteering my time and effort and a silver tongue. Also do we have any translations of other languages, was that even thought with the original dev?

Cheers! And keep up the GREAT EXCELLENT WORK!

-Raven

Yes I work with developers who can code that.
But they don't work for free.
That s also the reason to see if I can work together with some other communities.
Securing the blockchain is our first priority.
Masternodes on eg Raspberry-PI or VPS can help with that and combination with tipbot or lottp-PoS.

[Halofire]

And on a side note, can someone PM soopy to ask what we would need for masternodes? I can do some digging once I know, and maybe reach out to some over devs and get some input. Also have we thought of a POD Proof of Developer? I remember it used to be a big thing.

PoD is irrelevant and costs BTC. I stick with coins with proven and/or active devs. Even they can disappear at any time, so it's always up to the investor to keep an active watch. Set up standards in your mind about the coin, dev, community and whatever else. Then decide when to bail or stay based on the degree to which the things you set standards for are performing. There are other things we could use the BTC for as well, like extending our block explorer or paying for wallets.

[Halofire]

And on a side note, can someone PM soopy to ask what we would need for masternodes? I can do some digging once I know, and maybe reach out to some over devs and get some input. Also have we thought of a POD Proof of Developer? I remember it used to be a big thing.

PoD is irrelevant and costs BTC. I stick with coins with proven and/or active devs. Even they can disappear at any time, so it's always up to the investor to keep an active watch. Set up standards in your mind about the coin, dev, community and whatever else. Then decide when to bail or stay based on the degree to which the things you set standards for are performing. There are other things we could use the BTC for as well, like extending our block explorer or paying for wallets.

I PM'd Soopy.

[GREEDYJOHN]

Somebody bought A LOT of coins yesterday.

[raven7886]

Somebody bought A LOT of coins yesterday.

  This is great news! People are checking us out then! The more active this thread is..... and implementations of ACTUAL ideas. Man the possibilities are endless!

[raven7886]

An update on my personal tasks:

I have reached out to "Rmcdermott927" To see if they can give me some insight to a "Casino" for Orangecoin. I'll let everyone know what i find out.

[raven7886]

What kind of card games do people like? Hold em, poker, blackjack.... A type of rummy/cribbage