tom14cat14
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July 05, 2014, 04:51:09 AM Last edit: July 05, 2014, 05:37:41 AM by tom14cat14 |
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OK, here's my concern. If there is 0 volume at 1 satoshi as it is. How will reducing the coin supply make it all of a sudden worth 100 sats. That is what would need to happen or else we would all be losing all of our value.
If we reduce coin supply and there is still no volume what makes you so sure that this will make it rise above 1 sat? If this doesnt work we all just lost like 99% of our money
You cant lose 99 5 of nothing. That is what it is right now. There are no guarantees this will work but it is a change that might help this coin. Others have had a few months to try and do something for this coin and they did nothing. Someone finally stepped up so we might as well let them try.
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AmericanComputerNerd (OP)
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"Change is the only constant." -Heraclitus
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July 05, 2014, 05:21:54 AM |
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OK, here's my concern. If there is 0 volume at 1 satoshi as it is. How will reducing the coin supply make it all of a sudden worth 100 sats. That is what would need to happen or else we would all be losing all of our value.
If we reduce coin supply and there is still no volume what makes you so sure that this will make it rise above 1 sat? If this doesnt work we all just lost like 99% of our money
You cant loose 99 5 of nothing. That is what it is right now. There are no guarantees this will work but it is a change that might help this coin. Others have had a few months to try and do something for this coin and they did nothing. Someone finally stepped up so we might as well let them try. In theory, no one is losing any money. It is an overall reduction in the total supply of coins, spread evenly across the entire network. If WAS was a company, you would still own the same percentage of the company. I pointed out in a prior post the current value of WAS, if you figure it from the WAS / DOGE market, and convert that to BTC... Using that as a starting point, I think as-is, we will see an opening price of WAS 2 around ~10 satoshi. However, we don't know how the market will respond to a 15% increase in value from PoS. That will provide some level of demand in itself, as well as a reason for miners and bag holders to hold instead of dump. Finally, as far as demand / environmentals, we did a 2% pre-mine so that we can provide bounties and fund development. This isn't our personal money supply, it belongs to the coin and will be invested in a thriving community.
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iHashFury
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July 06, 2014, 12:17:39 PM |
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Hello Looking forward to the coin update but https://github.com/WeAreSatoshi/WeAreSatoshi.git will not build on Archlinux. I'm getting the following error and cannot submit an issue on github. build/bitcoinrpc.o: In function `_GLOBAL__sub_I__Z12JSONRPCErroriRKSs': bitcoinrpc.cpp:(.text.startup+0xd57): undefined reference to `sendalert(std::vector<json_spirit::Value_impl<json_spirit::Config_vector<std::string> >, std::allocator<json_spirit::Value_impl<json_spirit::Config_vector<std::string> > > > const&, bool)' collect2: error: ld returned 1 exit status Makefile:311: recipe for target 'WeAreSatoshi-qt' failed make: *** [WeAreSatoshi-qt] Error 1 The previous commit had no issues.
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iHashFury
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July 06, 2014, 01:07:06 PM |
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Hello Looking forward to the coin update but https://github.com/WeAreSatoshi/WeAreSatoshi.git will not build on Archlinux. I'm getting the following error and cannot submit an issue on github. build/bitcoinrpc.o: In function `_GLOBAL__sub_I__Z12JSONRPCErroriRKSs': bitcoinrpc.cpp:(.text.startup+0xd57): undefined reference to `sendalert(std::vector<json_spirit::Value_impl<json_spirit::Config_vector<std::string> >, std::allocator<json_spirit::Value_impl<json_spirit::Config_vector<std::string> > > > const&, bool)' collect2: error: ld returned 1 exit status Makefile:311: recipe for target 'WeAreSatoshi-qt' failed make: *** [WeAreSatoshi-qt] Error 1 The previous commit had no issues. WeAreSatoshid builds and runs fine. WeAreSatoshid getinfo { "version" : 89909, "protocolversion" : 70002, "walletversion" : 60000, "balance" : 429.87431100, "blocks" : 501709, "timeoffset" : 0, "connections" : 6, "proxy" : "", "difficulty" : 3044.95632391, "testnet" : false, "keypoololdest" : 1403978628, "keypoolsize" : 100, "paytxfee" : 0.00000000, "unlocked_until" : 0, "errors" : "" }
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MrData
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July 06, 2014, 03:09:16 PM |
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Hello Looking forward to the coin update but https://github.com/WeAreSatoshi/WeAreSatoshi.git will not build on Archlinux. I'm getting the following error and cannot submit an issue on github. build/bitcoinrpc.o: In function `_GLOBAL__sub_I__Z12JSONRPCErroriRKSs': bitcoinrpc.cpp:(.text.startup+0xd57): undefined reference to `sendalert(std::vector<json_spirit::Value_impl<json_spirit::Config_vector<std::string> >, std::allocator<json_spirit::Value_impl<json_spirit::Config_vector<std::string> > > > const&, bool)' collect2: error: ld returned 1 exit status Makefile:311: recipe for target 'WeAreSatoshi-qt' failed make: *** [WeAreSatoshi-qt] Error 1 The previous commit had no issues. It looks like rpcalert.cpp is missing form the makefile you are using. If you add it in the same spot as rpcnet.cpp and the other rpc files it should compile.
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CoinPayments - The original multi-cryptocurrency payment processor.
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iHashFury
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July 07, 2014, 07:41:36 PM |
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Hello Looking forward to the coin update but https://github.com/WeAreSatoshi/WeAreSatoshi.git will not build on Archlinux. I'm getting the following error and cannot submit an issue on github. build/bitcoinrpc.o: In function `_GLOBAL__sub_I__Z12JSONRPCErroriRKSs': bitcoinrpc.cpp:(.text.startup+0xd57): undefined reference to `sendalert(std::vector<json_spirit::Value_impl<json_spirit::Config_vector<std::string> >, std::allocator<json_spirit::Value_impl<json_spirit::Config_vector<std::string> > > > const&, bool)' collect2: error: ld returned 1 exit status Makefile:311: recipe for target 'WeAreSatoshi-qt' failed make: *** [WeAreSatoshi-qt] Error 1 The previous commit had no issues. It looks like rpcalert.cpp is missing form the makefile you are using. If you add it in the same spot as rpcnet.cpp and the other rpc files it should compile. Thank you for the info. Will give it a try.
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brian_nguyen
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July 08, 2014, 02:42:28 PM |
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Vote is now up for the logo contest @ https://bitcointalk.org/index.php?topic=674774.0 . Please cast your vote so that we can choose the winner and send MrData/ACN the new logo. Which will be the best email address to send it to?
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brian_nguyen
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July 08, 2014, 03:25:53 PM |
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tom14cat14
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July 08, 2014, 04:46:36 PM |
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Is there any update on when the swap will take place?
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MrData
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July 08, 2014, 04:50:31 PM |
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It will happen after block 517,200; which should be sometime tomorrow or possibly Thursday depending on how fast the blockchain runs.
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CoinPayments - The original multi-cryptocurrency payment processor.
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brian_nguyen
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July 08, 2014, 04:52:58 PM |
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It will happen after block 517,200; which should be sometime tomorrow.
7500 blocks ~ 187K WAS1 still available for grab. I think it will be much harder mining the new WAS using X11.
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tom14cat14
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July 08, 2014, 05:03:38 PM |
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It will happen after block 517,200; which should be sometime tomorrow or possibly Thursday depending on how fast the blockchain runs.
Thanks. Hopefully everything goes smoothly.
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merval
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July 08, 2014, 05:58:38 PM |
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Anyone else having issues getting blocks in the 0.8.99.9 wallet? Mine says it's 2 hours behind and is stopped at block 509527. There is a warning at the top that says, "Warning: Displayed Transactions may not be correct! You may need to upgrade, or other nodes may need to upgrade"
Edit: I should note, I do have 8 connections in the wallet app. just no activity. In my activity log, it shows the nodes as not responding and connection time outs.
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- Merval
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brian_nguyen
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July 08, 2014, 06:05:16 PM |
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Anyone else having issues getting blocks in the 0.8.99.9 wallet? Mine says it's 2 hours behind and is stopped at block 509527. There is a warning at the top that says, "Warning: Displayed Transactions may not be correct! You may need to upgrade, or other nodes may need to upgrade"
Edit: I should note, I do have 8 connections in the wallet app. just no activity. In my activity log, it shows the nodes as not responding and connection time outs.
No problem for me and sounds like you're on the prior wallet. Have you tried the latest one from www.was.club?
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merval
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July 08, 2014, 06:14:51 PM |
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Anyone else having issues getting blocks in the 0.8.99.9 wallet? Mine says it's 2 hours behind and is stopped at block 509527. There is a warning at the top that says, "Warning: Displayed Transactions may not be correct! You may need to upgrade, or other nodes may need to upgrade"
Edit: I should note, I do have 8 connections in the wallet app. just no activity. In my activity log, it shows the nodes as not responding and connection time outs.
No problem for me and sounds like you're on the prior wallet. Have you tried the latest one from www.was.club?I thought I had...
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- Merval
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merval
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July 08, 2014, 06:27:57 PM |
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Getting a weird message in the log now.
received block 00000000000494f9cccce3b08ef8839fdc8f2d805b18c321784f2c05d265c45e InvalidChainFound: invalid block=00000000000494f9cccce3b08ef8839fdc8f2d805b18c321784f2c05d265c45e height=509915 log2_work=64.173601 date=2014-07-08 18:26:48 InvalidChainFound: current best=000000000003d3a5fc6a43a483a804f6e51ada0d6390cc2be49668343f002bfb height=509527 log2_work=64.172761 date=2014-07-08 15:38:35 InvalidChainFound: Warning: Displayed transactions may not be correct! You may need to upgrade, or other nodes may need to upgrade. ProcessBlock: ACCEPTED Added 206 addresses from 71.196.217.86: 2 tried, 708 new connection timeout trying connection 95.23.252.228:8921 lastseen=2486.9hrs
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- Merval
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brian_nguyen
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July 08, 2014, 06:33:32 PM |
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I'd back up the wallet and re-download the blockchain
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MrData
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July 08, 2014, 06:37:26 PM |
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Yeah, I would redownload the blockchain. You may want to delete your peers.dat at the same time so the client will connect to the seed nodes first.
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CoinPayments - The original multi-cryptocurrency payment processor.
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AmericanComputerNerd (OP)
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"Change is the only constant." -Heraclitus
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July 08, 2014, 08:44:50 PM |
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