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Author Topic: BTCD is no more  (Read 1312707 times)
bitkokos2
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March 19, 2016, 05:00:31 PM
 #9801

@bitkokos: I'll say it one more time.....you can't please everyone Wink

If you bought high, of course you're most likely going to be disappointed no matter what changes are brought to the table.  

If you choose to truly support this coin and stake 24/7, then PoSP is an interesting and viable option.

That's what I say too. You can't please everyone and I am sorry if you are disappointed too.
And if there is any such change, no, I will not keep staking. Everybody knows that you can not only make 5% but multiples of that just by buying and selling BTCD.
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criptix
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March 19, 2016, 05:01:31 PM
 #9802

I think it would be better to look at vericoins PoST because active staker get more % while not active staking still gives interest.
bitkokos2
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March 19, 2016, 05:06:43 PM
 #9803

I think it would be better to look at vericoins PoST because active staker get more % while not active staking still gives interest.

That's what I previously said. If they want to make change they should keep the 5% PoS and give additional % for stakers.
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March 19, 2016, 05:11:38 PM
 #9804

I'm not disappointed in any way @bitkokos......just happy to be taking part in this conversation Smiley

Most likely, the PoS will remain the same, but it was fun chatting either way. We're all hodlers, so we're on the same team.  It's good to be part of this community with you dudes!!

Take care guys, gotta run for now.

peace!

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bitkokos2
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March 19, 2016, 06:00:56 PM
 #9805

I'm not disappointed in any way @bitkokos......just happy to be taking part in this conversation Smiley

Most likely, the PoS will remain the same, but it was fun chatting either way. We're all hodlers, so we're on the same team.  It's good to be part of this community with you dudes!!

Take care guys, gotta run for now.

peace!

Keep hodling my friend  Grin
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March 20, 2016, 01:55:12 AM
Last edit: March 20, 2016, 06:30:02 AM by kennyP
 #9806

Thanks for the open discussion of my PoSP suggestion guys!

I agree that changing to a PoSP system where coins in closed wallets don't earn stake interest would upset people who don't stake often ... but would that be a problem? You could always have a long lead time to give people plenty of warning to sell out of BTCD if they wanted to. CBX has been around since 2013 and they only converted to PoSP in Jan 2016.

I've never had the hardware for PoW mining, and I am convinced that the wasted electricity of PoW is a BIG adoption problem for btc, but I've always believed that the incentives for unknown parties to work together to secure the decentralised system built into PoW by satoshi are pure genius - the blockchain tech combined with the decentralised incentives of miners is the genius invention.

Unfortunately, you can't say the same about conventional staking. The incentives don't encourage people to support the network by staking because coins in offline wallets earn the same stake as coins in online wallets. There's a very slight compounding advantage gained by 24/7 wallets, but it's negligible.

In a competitive world the rational multi-coin owner like myself will stake for the minimum time required to earn their stake, then they'll close that wallet and open the next one. That's what I do anyway. I love BTCD for all it offers, but I don't stake 24/7, I can't.

I've been interested in PoS since Peercoin, and I've probably downloaded and staked nearly every PoS coin around, but I've never had the resources to stake coins 24/7, so I rotate the wallets I'm syncing at any point in time, but I never run wallets 24/7 ... until I discovered CBX and PoSP that is. PoSP incentives make me want to run CBX 24/7, so I increase my overall stake in the coin - I earn 8-14%, but inflation is only 2%. No other PoS coin I know of has this incentive.

Conventional staking where coins age in closed offline wallets is a zero sum game. You stake to tread water. It's like a standard bank account earning X% interest when the CPI inflation is X% also - the real return is ZERO! It's like methodone, there's no 'hit' as such, you just stake to not fall behind.

After 3 years of staking coins I'm convinced PoSP is the best algorithm to secure a PoS coin like BTCD. With PoSP you don't stake for a real return of ZERO, the real return is actually positive, and the overall effect is a lot more staking wallets, and a much more secure network.

I think it's a no-brainer!


edit: Here's the CBX PoSP whitepaper http://cryptobullion.io/white-paper/
bitkokos2
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March 20, 2016, 09:26:41 AM
 #9807

Thanks for the open discussion of my PoSP suggestion guys!

I agree that changing to a PoSP system where coins in closed wallets don't earn stake interest would upset people who don't stake often ... but would that be a problem? You could always have a long lead time to give people plenty of warning to sell out of BTCD if they wanted to. CBX has been around since 2013 and they only converted to PoSP in Jan 2016.

I've never had the hardware for PoW mining, and I am convinced that the wasted electricity of PoW is a BIG adoption problem for btc, but I've always believed that the incentives for unknown parties to work together to secure the decentralised system built into PoW by satoshi are pure genius - the blockchain tech combined with the decentralised incentives of miners is the genius invention.

Unfortunately, you can't say the same about conventional staking. The incentives don't encourage people to support the network by staking because coins in offline wallets earn the same stake as coins in online wallets. There's a very slight compounding advantage gained by 24/7 wallets, but it's negligible.

In a competitive world the rational multi-coin owner like myself will stake for the minimum time required to earn their stake, then they'll close that wallet and open the next one. That's what I do anyway. I love BTCD for all it offers, but I don't stake 24/7, I can't.

I've been interested in PoS since Peercoin, and I've probably downloaded and staked nearly every PoS coin around, but I've never had the resources to stake coins 24/7, so I rotate the wallets I'm syncing at any point in time, but I never run wallets 24/7 ... until I discovered CBX and PoSP that is. PoSP incentives make me want to run CBX 24/7, so I increase my overall stake in the coin - I earn 8-14%, but inflation is only 2%. No other PoS coin I know of has this incentive.

Conventional staking where coins age in closed offline wallets is a zero sum game. You stake to tread water. It's like a standard bank account earning X% interest when the CPI inflation is X% also - the real return is ZERO! It's like methodone, there's no 'hit' as such, you just stake to not fall behind.

After 3 years of staking coins I'm convinced PoSP is the best algorithm to secure a PoS coin like BTCD. With PoSP you don't stake for a real return of ZERO, the real return is actually positive, and the overall effect is a lot more staking wallets, and a much more secure network.

I think it's a no-brainer!


edit: Here's the CBX PoSP whitepaper http://cryptobullion.io/white-paper/

What was the PoS % of CBX before PoSP?
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March 20, 2016, 01:16:11 PM
 #9808



What was the PoS % of CBX before PoSP?

I also stake CBX and since PoSP has been implemented I am getting a consistent stake of 0.04 every hour and half or so (I have little over 400 CBX). Before PoSP was implemented the rates of stake were pretty inconsistant sometimes I would get as high as 0.15 but I would have to wait sometimes days for CBX to stake. In other words, CBX's implementation of PoSP gives hodlers incentive to stake 24/7 with consistency.   

@kennyP

How many PoS wallets do you have what are your favorites besides PPC, BTCD, and CBX?

kennyP
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March 21, 2016, 03:06:25 AM
 #9809

What was the PoS % of CBX before PoSP?

afaik CBX launched in June 2013 with a hybrid PoW & PoS emission. After the initial 12 month PoW high inflation stage finished, the long term 2% inflation rate was split between adjustable rates for PoW & PoS, and PoS rate ended up at ~1.3% when PoW finished on 1 Jan 2016. Rather than continue forever with a perpetual staking rate of 1.3% (and the risk of low network nodes/security with such a small stake incentive) they revised to PoSP with 2%. I might have some of those details wrong, but that's basically the CBX back story as I know it. I can remember CBX launching in June 2013 as the coin cap stood out as being very low compared to other coins (less than 1M, currently only 960K), but I only bought in recently when I discovered the details of PoSP, and what that meant to real interest rate return compared to other PoS coins.



I also stake CBX and since PoSP has been implemented I am getting a consistent stake of 0.04 every hour and half or so (I have little over 400 CBX). Before PoSP was implemented the rates of stake were pretty inconsistant sometimes I would get as high as 0.15 but I would have to wait sometimes days for CBX to stake. In other words, CBX's implementation of PoSP gives hodlers incentive to stake 24/7 with consistency.   

@kennyP

How many PoS wallets do you have what are your favorites besides PPC, BTCD, and CBX?

I'm a PoS junkie, so I've got literally over 30 active PoS wallets, probably more. Without PoW hardware, PoS is the natural playground for crypto noobs to learn. My favorites are BTCD, VPNcoin, Fibre, HBN, TEK, Vericoin, Shadowcash, NOBL, BLITZ, but there's plenty of other decent ones around with low marketcaps that might do well in the future.

This is the 'Stakehunter' thread that first introduced me to staking as an alternative to PoW:
https://bitcointalk.org/index.php?topic=458726.0


The thread I follow now to keep up to date is BitcoinNational's TALKcoin thread - https://bitcointalk.org/index.php?topic=864994.0 - most of BN's threads are jam packed with great info for the PoS connoisseur.

BN's TALK is a sentimental favorite of mine also, mainly because he bought it back from the dead single handed, just for the love of crypto I suspect, and I really dig his commitment.

The PoS coin I have most invested in is BTCD, which as we all know, is much more than a conventional PoS coin.
bitkokos2
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March 21, 2016, 10:52:42 AM
 #9810

What was the PoS % of CBX before PoSP?

afaik CBX launched in June 2013 with a hybrid PoW & PoS emission. After the initial 12 month PoW high inflation stage finished, the long term 2% inflation rate was split between adjustable rates for PoW & PoS, and PoS rate ended up at ~1.3% when PoW finished on 1 Jan 2016. Rather than continue forever with a perpetual staking rate of 1.3% (and the risk of low network nodes/security with such a small stake incentive) they revised to PoSP with 2%. I might have some of those details wrong, but that's basically the CBX back story as I know it. I can remember CBX launching in June 2013 as the coin cap stood out as being very low compared to other coins (less than 1M, currently only 960K), but I only bought in recently when I discovered the details of PoSP, and what that meant to real interest rate return compared to other PoS coins.




As far as I see the PoSP now is 6%-12% so there is a good incentive for staking. It's 3-6 times more.
If I was getting 12% with BTCD of course I would be staking 24/7
bitkokos2
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March 21, 2016, 10:54:41 AM
 #9811

Bleutrade goxed too Huh

Deposits/withdrawals (temporarily) paused!

Chatbox removed
jl777
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March 21, 2016, 04:01:45 PM
 #9812

u.2026 b.2025 v.2025/2026 (8 1st.2027) to 2027 N[2028] Q.21684 h.1013508 r.1013508 c.0.000kb s.1013508 d.2027 E.2027:1585544 M.1013507 L.1013776 est.128 0.000kb 0:43:17 3.348 peers.22/128 Q.(0 0)

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
acdc
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March 22, 2016, 02:27:10 AM
 #9813

u.2026 b.2025 v.2025/2026 (8 1st.2027) to 2027 N[2028] Q.21684 h.1013508 r.1013508 c.0.000kb s.1013508 d.2027 E.2027:1585544 M.1013507 L.1013776 est.128 0.000kb 0:43:17 3.348 peers.22/128 Q.(0 0)



Does anyone know the significance of this? Has jl777 been assimilated by iguana code?
l8orre
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March 22, 2016, 06:19:24 AM
 #9814

u.2026 b.2025 v.2025/2026 (8 1st.2027) to 2027 N[2028] Q.21684 h.1013508 r.1013508 c.0.000kb s.1013508 d.2027 E.2027:1585544 M.1013507 L.1013776 est.128 0.000kb 0:43:17 3.348 peers.22/128 Q.(0 0)


Does anyone know the significance of this? Has jl777 been assimilated by iguana code?


https://bitco.in/forum/threads/bandwidth-test-version-iguana-for-unix.963/

the other forum is much less toxic than this dump here ... 
jl777
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March 22, 2016, 08:29:45 AM
 #9815

u.1517 b.1372 v.1372/1538 (496 1st.2029) to 2030 N[2031] Q.2150 h.1015000 r.1014996 c.636.436kb s.1014996 d.2029 E.2029:1587383 est.1024 432.3MB 0:14:44 1.003 peers.15/256 Q.(0 0) L.1015389 M.1015388 303b630d233de181b93b37f96ff833b826e80a5b3bfd0739a8d10be7103e7662

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
bitkokos2
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March 22, 2016, 10:54:29 PM
 #9816

LOL
Someone is playing with BTCD on bittrex.
There is a 35000btcd buy wall at 0.0027 and a 27000btcd sell wall at 0.0032

http://i.imgur.com/ywOx4AP.png
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March 23, 2016, 05:03:41 AM
 #9817

LOL
Someone is playing with BTCD on bittrex.
There is a 35000btcd buy wall at 0.0027 and a 27000btcd sell wall at 0.0032

http://i.imgur.com/ywOx4AP.png
Most of the people watching this thread for months can make a wild guess who that biggest wallet might be... Plus dropping 100BTC in a meanwhile adds to that. Now a small massage to that bidder:

"For those who hold 27k and more it is very unlikely to dump after all this loooong stress, especially when iguana is almost done. On the other side of the equation, assuming our assumption is correct in who this is, knowing how much this person(s) is involved, wouldn't it make more sense for one-side-constantly-increasing wall?"

I must be wrong somewhere. Please point me to that.
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March 23, 2016, 05:08:08 AM
 #9818

BTW. 14.4 is amazing.

"My sincere Congratulations"
jl777
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March 23, 2016, 05:42:11 AM
 #9819

BTW. 14.4 is amazing.

"My sincere Congratulations"
https://bitco.in/forum/threads/iguana-instant-on-fast-startup.1000/#post-16058

On a more normal setting, it takes about an hour, but that also was doing BTC at the same time

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
yassin54
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March 23, 2016, 10:57:12 AM
 #9820

SuperNET Weekly No. 3



CORE Media Token issued on the NXT blockchain
https://www.mynxt.info/asset/1584198250936051677





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