[ANN][SPT] - Spots - Cryptsy | Fork 9/19 | Scrypt | Introducing Reward Reduction

[Desten]

They are mostly always somewhere in other galaxies and not answering. It's a cryptsy (c)

[1715477077]

1715477077

[Matory]

I'm starting to have second thoughts about moving forward with the fork.  The community has gone dark and I haven't heard anything back from Mullick @ Cryptsy regarding the client upgrade.

What do you guys think?  I'm not sure the coin can live through another fork, especially one that is slow to catch on...

We must create new tickets.
Cryptsy support not responded to me too.  

[NineEleven]

I'm asking you again dont do the fork
Summer is gone, and as we say in the stock markets " sell in may and go away".
Now you coin is , as i say before, recovering the hasrate
the price is recovering
do everything  for satbility, thats the more important thing to do.
The only thing thing that make sense is some slow reward cut, but not now, maybe by the end of the year
Leave spots as it is
please

[AmericanComputerNerd]

I'm going to put a poll up to allow folks to vote on this.  I will close it at noon GMT (8am EST) on Thursday 9/18.

[NineEleven]

I'm going to put a poll up to allow folks to vote on this.  I will close it at noon GMT (8am EST) on Thursday 9/18.

weell
i cant vote, probably because i dont post to much
still i think for now the best is keep the coin as it is

[AmericanComputerNerd]

I'm going to put a poll up to allow folks to vote on this.  I will close it at noon GMT (8am EST) on Thursday 9/18.

weell
i cant vote, probably because i dont post to much
still i think for now the best is keep the coin as it is

I'll add +1 to the abort vote for you.  Thanks.

[NineEleven]

I'm going to put a poll up to allow folks to vote on this.  I will close it at noon GMT (8am EST) on Thursday 9/18.

weell
i cant vote, probably because i dont post to much
still i think for now the best is keep the coin as it is

I'll add +1 to the abort vote for you.  Thanks.

i think you add it the wrong way lololololo

[Matory]

I'm going to put a poll up to allow folks to vote on this.  I will close it at noon GMT (8am EST) on Thursday 9/18.

weell
i cant vote, probably because i dont post to much
still i think for now the best is keep the coin as it is

I'll add +1 to the abort vote for you.  Thanks.

i think you add it the wrong way lololololo

Change is the only constant 

[AmericanComputerNerd]

I'm going to put a poll up to allow folks to vote on this.  I will close it at noon GMT (8am EST) on Thursday 9/18.

weell
i cant vote, probably because i dont post to much
still i think for now the best is keep the coin as it is

I'll add +1 to the abort vote for you.  Thanks.

i think you add it the wrong way lololololo

Change is the only constant 

Yes, indeed.  A great philosopher once said that, and they are words to live by.

I'm surprised there has been such little feedback one way or the other.  I should add a vote button for "I don't care".

[Matory]

I'm going to put a poll up to allow folks to vote on this.  I will close it at noon GMT (8am EST) on Thursday 9/18.

weell
i cant vote, probably because i dont post to much
still i think for now the best is keep the coin as it is

I'll add +1 to the abort vote for you.  Thanks.

i think you add it the wrong way lololololo

Change is the only constant 

Yes, indeed.  A great philosopher once said that, and they are words to live by.

I'm surprised there has been such little feedback one way or the other.  I should add a vote button for "I don't care".

Try and act, no doubt.

[Desten]

I'm thinking about question in the poll. Didn't find an answer for now. Dilemma.

[NineEleven]

at least delay the fork
the value and the hashrate are increasing

one more time
d'ont do this, the coin will not survive another fork

exe after the fork is more than a month out of cryptsy

wait a litle longer
think twice 

[digitalmontreal]

how many coins total ? with the new fork...

ANNOUNCEMENT -

As the cryptocurrency environment is constantly changing, any coin that hopes to be successful and have longevity must adapt to changing market conditions.  In the spirit of adapting to changing conditions, the development team is making the following changes, effective Sept. 19th.

Please see the OP for instructions to upgrade to the latest client and be prepared for the upcoming hard forks.

Change 1 -

Spots was originally designed to not have a block reward halving.  In reading some of the older archives, iGotSpots had made the assumption that the price would continue to raise indefinitely and thought that by not introducing a halving that the price could be made to stay static by keeping a steady amount of new coins coming in to circulation.  The goal with this was to keep a steady SPT / Silver or Gold price point over a long period of time.

What has happened, is that the demand for the coin has slowed because the altcoin market is simply flooded.  Now, a block reward that never phases out is placing downward pressure on a market that isn't able to combat it.  To solve for this, and still try to remain true to the original concepts, we are introducing a "smooth reward phase out".  The block reward will be reduced to 24 SPT at Block 230,000 and reduce by 5% every 48,000 blocks.  To ensure network security, the reward will never be less than 4.5 SPT.

https://ip.bitcointalk.org/?u=http%3A%2F%2Fs27.postimg.org%2Ft0z2kygg3%2Freward_graph.png&t=544&c=VFUFSrdDis4Oog

Change 2 -

When our team took over Spots, there was a fear of Scrypt ASICs and how they would impact the marketplace.  We introduced a change to Scrypt-N, which has presented another set of problems.  In the Scrypt-N arena, we have seen significant downward pressure from multipools that have only a few Scrypt-N coins to compare against.  The mining software is also specialized and more difficult to use.

The feared "Scrypt ASIC invasion" wasn't as significant as we originally feared.  As a result of this, and other factors, Scrypt-N never gained mainstream popularity.  Reverting back to Scrypt places us in the same arena as many other popular altcoins like Litecoin, Dogecoin, Feathercoin, and more.  As such, we shall be reverting back to Scrypt effective Sept 19th at midnight GMT.

Over the next day, or so, I will release the links to the new version.  Thanks to all!

[AmericanComputerNerd]

440,000,000 is the hard coded maximum coin supply.  It would take the better part of a century to get there though.

[AmericanComputerNerd]

at least delay the fork
the value and the hashrate are increasing

one more time
d'ont do this, the coin will not survive another fork

exe after the fork is more than a month out of cryptsy

wait a litle longer
think twice 

It looks like the community is moving towards the fork, as planned.  To your point, our Cryptsy wallet will likely be frozen while they review the code and whatever else they do.  It took a few weeks last time we forked to get back up and running.

I would suggest moving any coins that you may wish to trade in the month, or so, from your wallets to the exchange.  Historically, they freeze the wallet but leave the market open.

[MrData]

at least delay the fork
the value and the hashrate are increasing

one more time
d'ont do this, the coin will not survive another fork

exe after the fork is more than a month out of cryptsy

wait a litle longer
think twice 

It looks like the community is moving towards the fork, as planned.  To your point, our Cryptsy wallet will likely be frozen while they review the code and whatever else they do.  It took a few weeks last time we forked to get back up and running.

I would suggest moving any coins that you may wish to trade in the month, or so, from your wallets to the exchange.  Historically, they freeze the wallet but leave the market open.

It should be faster code-wise this time since they already reviewed that base code, they just have to view the diffs since then this time.

[NineEleven]

at least delay the fork
the value and the hashrate are increasing

one more time
d'ont do this, the coin will not survive another fork

exe after the fork is more than a month out of cryptsy

wait a litle longer
think twice 

It looks like the community is moving towards the fork, as planned.  To your point, our Cryptsy wallet will likely be frozen while they review the code and whatever else they do.  It took a few weeks last time we forked to get back up and running.

I would suggest moving any coins that you may wish to trade in the month, or so, from your wallets to the exchange.  Historically, they freeze the wallet but leave the market open.

do you really think 4 votes , is "the community peaking"?
i'm just trying to save spots

[AmericanComputerNerd]

Regardless of the number of participants, the votes are in...  We will move forward as planned with the fork tomorrow evening.

I've previously shot a Bitcointalk.org message to Mullick and haven't heard back yet. Has anyone else opened support tickets already?

[Matory]

Regardless of the number of participants, the votes are in...  We will move forward as planned with the fork tomorrow evening.

I've previously shot a Bitcointalk.org message to Mullick and haven't heard back yet. Has anyone else opened support tickets already?

5 vote is my 
I was opened two tickets, no responded both.

[Desten]

I didn't clicked at all. When i decided to vote for something - then i recieved "no poll or poll closed"... Exactly when i decided to vote.