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Question: A community developer is ready to try implement POS. agreed (or not) (poll ends 5/21 at 11:30am CET)
yes - 12 (85.7%)
no - 2 (14.3%)
Total Voters: 14

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Author Topic: [ANN] Nyancoin is going for full POS  (Read 34066 times)
braxx (OP)
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May 06, 2014, 03:20:16 PM
Last edit: May 21, 2014, 11:01:03 AM by braxx
 #1

user Maxvall is going to implement full POS

stay tuned

Hi,

nyancoin (the first licenced cryptocurrency) is in need of a new developer team.


what we want?

* we need an experienced team (no newbie names).
* the algo needs to be changed. some time ago there was a vote and the community voted (around 60%) for a hybrid POW/POS system. Is this possible? 50% / 50% (never 51% attack). For the POW everybody was in for X11 (until they discovered no nvidia support) so maybe something else (hefty?)
* new wallets (if the change has happend)
* a plan to get things going again.
* new website


what we have to offer.
* the original nyan-cat creator has approved the community take-over [ link ]
* still some alive persons in the community
* a coin that is already listed on cryptsy

anyone interested?

maybe some more (original post can be edited) Smiley

http://www.reddit.com/r/nyancoins
https://bitcointalk.org/index.php?topic=477944.0



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May 06, 2014, 03:23:01 PM
 #2

When changing the algo look at Groestl, it works great with nVidia and AMD.

Did the game in the wallet ever come out?
PeanutPower
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May 06, 2014, 03:51:40 PM
 #3

Can we form a nyancoin foundation to help funding?

Perhaps we could start with nyan pledges?

I'll pledge 100,000 NYAN to begin.

also we'll need ios and android wallets Smiley

also IMHO the halving should be faster or total supply less like 160m like ZET
braxx (OP)
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May 06, 2014, 06:25:34 PM
 #4

all suggestions are welcome...
maxvall
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May 07, 2014, 05:45:50 AM
 #5

I am in! Are other active  nekonauts here?
I can be a new programmer and I can implement changes in source code.

We strongly need new team leader.

We should make new vote - that we should do?

Very important that all exchanges and pools accept our new wallet version, or forks will apear.
Who can take control about it?

P.S. I already rebuild wallet with secure OpenSSL version 1.0.1g for windows.
https://bitcointalk.org/index.php?topic=477944.msg6270404#msg6270404
maxvall
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May 07, 2014, 05:55:02 AM
 #6

also IMHO the halving should be faster or total supply less like 160m like ZET
Right idea, but we have very poor hashrate now, and reward halving can kill it.
Like MEOW, after last reward halving hashrate halved too.
Price must doubles for prevent it.
PeanutPower
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May 08, 2014, 10:39:21 AM
 #7

also IMHO the halving should be faster or total supply less like 160m like ZET
Right idea, but we have very poor hashrate now, and reward halving can kill it.
Like MEOW, after last reward halving hashrate halved too.
Price must doubles for prevent it.

yield the same but total supply less will help price to appreciate

hashrate depends on yield due to mining scripts:

http://www.coinwarz.com/cryptocurrency/coins/nyancoin

see how hashrate rises with price

faster transaction confirmation would help too? 30s or less?
maxvall
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May 08, 2014, 11:17:22 AM
 #8

I suggest switching to X11/POS.

yield the same but total supply less will help price to appreciate

hashrate depends on yield due to mining scripts:

http://www.coinwarz.com/cryptocurrency/coins/nyancoin
see how hashrate rises with price

faster transaction confirmation would help too? 30s or less?
Total supply less - may help but in a long-term.

This is obvious, but that would make the price rise?
Just drop in price causes a decrease in the power of network.
Reward halving without doubled price cause a decrease in the power of network too.

I do not think it will help, but it will increase the size of the blockchain and make wallet slowly.
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May 08, 2014, 01:29:46 PM
 #9

I'll put myself forward as another potential dev though I'd prefer support rather than main dev due to my personal availability.
braxx (OP)
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May 09, 2014, 06:12:00 PM
Last edit: May 10, 2014, 06:03:51 PM by braxx
 #10

an idea...

how about POT/POS hybrid?
or like fluttercoin

POT/POW/POS triple hybrid

POW => X11 or groestl  with degreased mining reward
POS => anual % to be determed
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May 10, 2014, 03:40:22 AM
 #11

It may be too much to ask for but is it possible to implement an new algorithm. Because the new algorithm's always attracted investors & miners.
platorin
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May 10, 2014, 11:06:03 AM
 #12

I wish you all the best! Hope you will find a right developer for your team.
braxx (OP)
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May 10, 2014, 11:42:34 AM
 #13

It may be too much to ask for but is it possible to implement an new algorithm. Because the new algorithm's always attracted investors & miners.
it is the general idea to step away from scrypt... so another algo would already be good.

say maxvall and peanutpower... could we do already another algo change with degreased supply?

how about a 5% daily decrease in reward?
that would not be drastic for hashrate and after a month we would be at 72 Nyan's reward


Code:
337,00000000 (day 1 from new fork)
320,15000000 (day 2)                  191,68563110                          114,76926806
304,14250000 (day 3)                  182,10134954                          109,03080466
288,93537500 (day 4)....              172,99628207                          103,57926442
274,48860625                          164,34646796                          98,40030120
260,76417594                          156,12914456                          93,48028614
247,72596714                          148,32268734                          88,80627183
235,33966878                          140,90655297                          84,36595824
223,57268534                          133,86122532                          80,14766033
212,39405108                          127,16816405                          76,14027731
201,77434852                          120,80975585                          72,33326345 (after 1 month)
                                                                            68,71660028
                                                                            ...... and so on


according to some calculations we would be then at a reward of 1 nyan in almost 5 months... (and then there would be 9677577,08
nyan's created)
we can then (or sooner) choose to go full POS
sunnyxiong
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May 10, 2014, 11:45:30 AM
 #14

dont worry ,gen 1.0 will dead soon without LTC and doge , we all focus on gen 2.0
braxx (OP)
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May 10, 2014, 11:48:54 AM
 #15

dont worry ,gen 1.0 will dead soon without LTC and doge , we all focus on gen 2.0
what do you mean with gen 2.0?
PeanutPower
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May 10, 2014, 08:07:06 PM
 #16

I wonder if we should first just do maintenance builds with no major changes except fixes like heartbleed, new website and opt in community / foundation and some fundraising for PR.
braxx (OP)
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May 10, 2014, 08:22:57 PM
 #17

maxvall already implemented a fix for heartblead so that's ok
website & fundraising agreed

but what would we fundraise...
if you want like 1 btc total you need (at current rate) 1.5 million nyan's

shouldn't first priority be to try getting price up with something new? try to lure more investors?
PeanutPower
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May 10, 2014, 08:29:24 PM
 #18

Some proof of stake only coins have official pools that mine other cryptos then buy their coin at market and payout to the miners.

Similarly i suggest accepting donations in other crypto and use to amass funds for the foundation in nyan.
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May 10, 2014, 08:29:56 PM
 #19

good luck guys!

Fortune Favors the Brave
Borderless CharityEXPANSEEXRAllergy FinderFranko Is Freedom
braxx (OP)
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May 12, 2014, 09:03:40 AM
 #20

daily bump Smiley
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