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valley365
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May 16, 2014, 12:09:05 AM |
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I don't agree with what you said
(1) If people want to dump, they will dump anyway regardless the pow or pos.
(2) Even if we distribute jackpot through PoS, it will be depend on the coin-day people have, to be fair. Otherwise people can create zillions wallets each hold a small amount to increase his chance to get the jackpot. The bigger you hashpower is, the more coins you will have, thus the better chance you will get pos jackpot. Therefore, there's not much difference from what we distribute the jackpot now.
(3) Putting jackpot in pow encourages people to mine. Experiences showed that pure PoS coins never really do very well. Without mining, people has less interests on the coin. Pure gaining coins through interests is generally thought to be too slow, and people will prefer to mine, PoS as a supplement is fine, not the main way to gain coins.
Based on these, I think the current jackpot is the best possible way to keep people interested.
My thoughts are that the current environment of pump-and-dump, daily cashout-to-BTC, and where everyone just runs around day trading coins is not a healthy environment for anyone. The coin/coins that find a way to build loyalty and purpose are the ones that will eventually succeed long term and reward those who have stuck with it. The great part about PoS is if you give the people a reason to hold the coin that the miners will not just go out and dump it for whatever they can get when they move on after a few weeks. You have to have incentives and make PoW worth it as well, and that would be the side of the house where games and casinos could help to keep demand for the coin moving and trading. Both sides need to be addressed I believe, but as the block rewards decrease, and the rate the jackpot grows decreases as well, where will the incentive be to keep mining? The miners will all go away if they aren't making the highest possible daily rate... so I wouldn't base the whole future on the miners. Just my thoughts... someone has to break away form the standard 3-6 month lifespan of a new coin and have plans for long term interest and health. Yes I agree. Both pow and pos jackpot will make sense. However, to implement pos jackpot, it will need to change the block protocol, it's a lot of work, and everything including miners will need to be changed too... |
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"You Asked For Change, We Gave You Coins" -- casascius
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miningpoolhub
Legendary
 Offline
Activity: 1456
Merit: 1006
Mining Pool Hub
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May 16, 2014, 02:43:32 AM |
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And few words to minningpoolhub admin.
Next time make inmine survey instead of changing jackpot find rule in the middle of cummulation.
Don't blame it on ppl comments, sometime just skip those bullsh*ts that shows up in here, cause when I read it I'm wondering if some ppl are just blind or don't think in the long term way.
Sorry that I changed jackpot payout rule quite quickly. So many suggestions came to me and I thought that it was the major idea many people agrees. I will announce and get feedback from now on. Thanks. |
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fancy2973
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May 16, 2014, 03:49:11 AM |
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56 millions jackpot, nice!
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mkimid
Sr. Member
Offline
Activity: 336
Merit: 250
Have A Nice Day
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May 16, 2014, 03:53:09 AM |
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56 millions jackpot, nice!
Who is lucky guy... 56M x 2 satoshi, it is over 1BTC value.. Wooops |
Have a nice day
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windows88
Member
Offline
Activity: 84
Merit: 10
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May 16, 2014, 04:45:59 AM |
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56 millions jackpot, nice!
Who is lucky guy... 56M x 2 satoshi, it is over 1BTC value.. Wooops Good value... that's only the dump value, I wish I could buy with that price...  |
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windows88
Member
Offline
Activity: 84
Merit: 10
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May 16, 2014, 04:54:56 AM |
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56 millions jackpot, nice!
Who is lucky guy... 56M x 2 satoshi, it is over 1BTC value.. Wooops Good value... that's only the dump value, I wish I could buy with that price... Did not realized that there are so much value! We need to be on a bigger exchange...wonder why exchanges like mintpal doesn't list good coins like this coin, and listed a bunch of copy-past coins  |
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fancy2973
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May 16, 2014, 05:27:27 AM |
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56 millions jackpot, nice!
Who is lucky guy... 56M x 2 satoshi, it is over 1BTC value.. Wooops Good value... that's only the dump value, I wish I could buy with that price... Did not realized that there are so much value! We need to be on a bigger exchange...wonder why exchanges like mintpal doesn't list good coins like this coin, and listed a bunch of copy-past coins Yes vote at mintpal... |
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jsamul
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May 16, 2014, 06:03:42 AM |
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56 millions jackpot, nice!
Who is lucky guy... 56M x 2 satoshi, it is over 1BTC value.. Wooops Good value... that's only the dump value, I wish I could buy with that price... Did not realized that there are so much value! We need to be on a bigger exchange...wonder why exchanges like mintpal doesn't list good coins like this coin, and listed a bunch of copy-past coins maybe because this is not a good coin? if there was some interest, the coin could be already on mintpal. based on the two weeks voting this coin will never make mintpal if ppl wont start sending BTC for votes. there is very small group of ppl behind this coin and dev is only spamming here to vote... how funny is that... |
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Maverick69
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May 16, 2014, 09:05:28 AM |
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I guess people don't take it seriously because of the name, but this coin has real innovations, not like all the shitclones released every day. That's just a question of time before people realize it's a serious coin.
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treehee
Newbie
Offline
Activity: 4
Merit: 0
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May 16, 2014, 09:24:00 AM |
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I guess people don't take it seriously because of the name, but this coin has real innovations, not like all the shitclones released every day. That's just a question of time before people realize it's a serious coin.
I think so, too. Specially, transaction of Jackpotcoin is very fast. |
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toto31
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May 16, 2014, 10:54:31 AM |
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I guess people don't take it seriously because of the name, but this coin has real innovations, not like all the shitclones released every day. That's just a question of time before people realize it's a serious coin.
I think so, too. Specially, transaction of Jackpotcoin is very fast. yep, good time to mine while it's still under the radar. |
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mkimid
Sr. Member
Offline
Activity: 336
Merit: 250
Have A Nice Day
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May 16, 2014, 11:27:17 AM |
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I guess people don't take it seriously because of the name, but this coin has real innovations, not like all the shitclones released every day. That's just a question of time before people realize it's a serious coin.
Maybe change the name as J coin ^^ |
Have a nice day
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toto31
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May 16, 2014, 11:58:47 AM |
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Almost 70 million, this coin is crazy fun!
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toto31
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May 16, 2014, 01:00:08 PM |
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Yeah, that could be great! |
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Dotcommie
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May 16, 2014, 02:05:07 PM |
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And few words to minningpoolhub admin.
Next time make inmine survey instead of changing jackpot find rule in the middle of cummulation.
Don't blame it on ppl comments, sometime just skip those bullsh*ts that shows up in here, cause when I read it I'm wondering if some ppl are just blind or don't think in the long term way.
Sorry that I changed jackpot payout rule quite quickly. So many suggestions came to me and I thought that it was the major idea many people agrees. I will announce and get feedback from now on. Thanks. As soon as you announced the change, a whale jumped back in the pool and I have barely found any blocks since. I think the way you had it before was the most fair since you're expected to share when you're in a pool, yet 50% incentive to the finder made it still kind of a true jackpot. With it set up that way I think it keeps the large whales solo-mining instead of jumping in the pool that lets them keep the most (since they will likely find it). |
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mkimid
Sr. Member
Offline
Activity: 336
Merit: 250
Have A Nice Day
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May 16, 2014, 02:41:05 PM |
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Yeah, that could be great! I guess, It will become highest value |
Have a nice day
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JackpotCoin (OP)
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May 16, 2014, 02:58:27 PM |
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I just submitted JackpotCoin to CoinMarketCap. That should boost people awareness!
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mkimid
Sr. Member
Offline
Activity: 336
Merit: 250
Have A Nice Day
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May 16, 2014, 03:04:41 PM |
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Mintpal Rank 104 out 397 ^^ Cheer up |
Have a nice day
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