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Question: With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.
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Author Topic: [ANN][WSX][WeAreSatoshi]X11|PoS/PoW|EST 2014|Low Cap|Active Development MN  (Read 79910 times)
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MrData
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August 07, 2014, 03:13:41 PM
 #61

MrData, would you mind weighing in on hybrid PoW / PoS vs just PoS?  It's a highly technical question / decision involving network security and stability, and I don't know that I fully understand the pro's & con's on both sides.

Is one method more secure than the other?  If switched to 100% PoS, in your opinion would that pose a risk or potential problems?

I like keeping both active just because it makes coins more reliable; you don't have to have wallets open all the time and there are no periods of slowness when there are periods of less weight on the network.

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August 07, 2014, 03:21:20 PM
 #62

MrData, would you mind weighing in on hybrid PoW / PoS vs just PoS?  It's a highly technical question / decision involving network security and stability, and I don't know that I fully understand the pro's & con's on both sides.

Is one method more secure than the other?  If switched to 100% PoS, in your opinion would that pose a risk or potential problems?

I like keeping both active just because it makes coins more reliable; you don't have to have wallets open all the time and there are no periods of slowness when there are periods of less weight on the network.

When we reach 1 coin per block, how many coin will be mined in a year? Do I need addnodes for the latest wallet? It doesn't sync on a new PC.

MrData
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August 07, 2014, 03:30:15 PM
 #63

MrData, would you mind weighing in on hybrid PoW / PoS vs just PoS?  It's a highly technical question / decision involving network security and stability, and I don't know that I fully understand the pro's & con's on both sides.

Is one method more secure than the other?  If switched to 100% PoS, in your opinion would that pose a risk or potential problems?

I like keeping both active just because it makes coins more reliable; you don't have to have wallets open all the time and there are no periods of slowness when there are periods of less weight on the network.

When we reach 1 coin per block, how many coin will be mined in a year? Do I need addnodes in the latest wallet? It doesn't sync on a new PC.

If you keep the current 30 second block time 1,051,200 WSX would be minted per year.
No addnodes are needed, it has the seednodes built-in. From a blank install it will connect to them within about 30-45 seconds.

CoinPayments - The original multi-cryptocurrency payment processor.
SetEscrow - Secure escrow service for multiple coins.
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August 07, 2014, 03:38:43 PM
 #64

add my seletion on the poll.
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August 07, 2014, 03:43:47 PM
 #65

MrData, would you mind weighing in on hybrid PoW / PoS vs just PoS?  It's a highly technical question / decision involving network security and stability, and I don't know that I fully understand the pro's & con's on both sides.

Is one method more secure than the other?  If switched to 100% PoS, in your opinion would that pose a risk or potential problems?

I like keeping both active just because it makes coins more reliable; you don't have to have wallets open all the time and there are no periods of slowness when there are periods of less weight on the network.

When we reach 1 coin per block, how many coin will be mined in a year? Do I need addnodes in the latest wallet? It doesn't sync on a new PC.

If you keep the current 30 second block time 1,051,200 WSX would be minted per year.
No addnodes are needed, it has the seednodes built-in. From a blank install it will connect to them within about 30-45 seconds.

ACN mentioned earlier that it will help fixing forks if we go up to to 60 or 90 second block. What do you think about that and that means the total coin minted per year will reduce to 525600 or 350400 per year?

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August 07, 2014, 03:56:58 PM
 #66

You could double or triple the block reward to keep the distribution plans unchanged.  Or accept that your timeline will be expanded by 2 or 3 times, in terms of distribution schedule...

I also think that the PoS only option should be taken down as a vote item.  Our lead developer recommends keeping it, and it doesn't sound like there is anything to gain by eliminating the maintenance reward for PoW at the end of the distribution schedule.  Unless I'm missing something.
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August 07, 2014, 04:01:34 PM
 #67

MrData, would you mind weighing in on hybrid PoW / PoS vs just PoS?  It's a highly technical question / decision involving network security and stability, and I don't know that I fully understand the pro's & con's on both sides.

Is one method more secure than the other?  If switched to 100% PoS, in your opinion would that pose a risk or potential problems?

I like keeping both active just because it makes coins more reliable; you don't have to have wallets open all the time and there are no periods of slowness when there are periods of less weight on the network.

When we reach 1 coin per block, how many coin will be mined in a year? Do I need addnodes in the latest wallet? It doesn't sync on a new PC.

If you keep the current 30 second block time 1,051,200 WSX would be minted per year.
No addnodes are needed, it has the seednodes built-in. From a blank install it will connect to them within about 30-45 seconds.

ACN mentioned earlier that it will help fixing forks if we go up to to 60 or 90 second block. What do you think about that and that means the total coin minted per year will reduce to 525600 or 350400 per year?

Real world or street use should be considered when considering block time. I think all serious alt's should strive to have an android wallet in the portfolio of features at some point. with that said 2.5 min like DRK seems to long, 60 sec is acceptable for street use. If 30 seconds causing issues for longevity or sync or forking then 60 would still keep it fast, 90 is kinda long for street use but still much better than BTC... Tapping toe waiting for BTC to confirm.... LOL What about number of confirmations to maturity?
MrData
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August 07, 2014, 05:15:29 PM
 #68

MrData, would you mind weighing in on hybrid PoW / PoS vs just PoS?  It's a highly technical question / decision involving network security and stability, and I don't know that I fully understand the pro's & con's on both sides.

Is one method more secure than the other?  If switched to 100% PoS, in your opinion would that pose a risk or potential problems?

I like keeping both active just because it makes coins more reliable; you don't have to have wallets open all the time and there are no periods of slowness when there are periods of less weight on the network.

When we reach 1 coin per block, how many coin will be mined in a year? Do I need addnodes in the latest wallet? It doesn't sync on a new PC.

If you keep the current 30 second block time 1,051,200 WSX would be minted per year.
No addnodes are needed, it has the seednodes built-in. From a blank install it will connect to them within about 30-45 seconds.

ACN mentioned earlier that it will help fixing forks if we go up to to 60 or 90 second block. What do you think about that and that means the total coin minted per year will reduce to 525600 or 350400 per year?

It's a good idea and should definitely help the pools, etc. Yep, it would reduce to 525600/350400 per year.

CoinPayments - The original multi-cryptocurrency payment processor.
SetEscrow - Secure escrow service for multiple coins.
brian_nguyen
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August 07, 2014, 05:23:42 PM
 #69

MrData, would you mind weighing in on hybrid PoW / PoS vs just PoS?  It's a highly technical question / decision involving network security and stability, and I don't know that I fully understand the pro's & con's on both sides.

Is one method more secure than the other?  If switched to 100% PoS, in your opinion would that pose a risk or potential problems?

I like keeping both active just because it makes coins more reliable; you don't have to have wallets open all the time and there are no periods of slowness when there are periods of less weight on the network.

When we reach 1 coin per block, how many coin will be mined in a year? Do I need addnodes in the latest wallet? It doesn't sync on a new PC.

If you keep the current 30 second block time 1,051,200 WSX would be minted per year.
No addnodes are needed, it has the seednodes built-in. From a blank install it will connect to them within about 30-45 seconds.

ACN mentioned earlier that it will help fixing forks if we go up to to 60 or 90 second block. What do you think about that and that means the total coin minted per year will reduce to 525600 or 350400 per year?

It's a good idea and should definitely help the pools, etc. Yep, it would reduce to 525600/350400 per year.

So as I've learned so far, we need to keep the mix POW/POS to keep the network moving per MrData. I'm taking down the poll, sorry for the extra vote guys. I have a couple suggestions:

1. Change WSX to 60 second block
2. Rename the data directory to WeAreSatoshiX (can that be incorporated into the executable as a rename while upgrading the wallet?)

I don't think that will require a fork but MrData should let us know soon. Thanks,

MrData
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August 07, 2014, 05:41:24 PM
 #70

So as I've learned so far, we need to keep the mix POW/POS to keep the network moving per MrData. I'm taking down the poll, sorry for the extra vote guys. I have a couple suggestions:

1. Change WSX to 60 second block
2. Rename the data directory to WeAreSatoshiX (can that be incorporated into the executable as a rename while upgrading the wallet?)

I don't think that will require a fork but MrData should let us know soon. Thanks,

Changing the block time will fork. I can rename the data folder if people are worried about it, I don't know if anyone would care about that though???

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August 07, 2014, 06:01:33 PM
 #71

I didnt get which exact version of WeAreSatoshi is tradind on C-Cex ?
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August 07, 2014, 06:03:58 PM
 #72

I didnt get which exact version of WeAreSatoshi is tradind on C-Cex ?

It is the version in this thread, WeAreSatoshi v2.

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August 07, 2014, 06:10:27 PM
 #73

I didnt get which exact version of WeAreSatoshi is tradind on C-Cex ?

It is the version in this thread, WeAreSatoshi v2.

Then they have to change its index there. It is very confusing...
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August 07, 2014, 06:13:43 PM
 #74

I didnt get which exact version of WeAreSatoshi is tradind on C-Cex ?

It is the version in this thread, WeAreSatoshi v2.

Then they have to change its index there. It is very confusing...
We just changed the ticker this morning. We will contact all the exchanges to update their ticker. Thanks,

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August 07, 2014, 06:50:00 PM
 #75

C-Cex already did it Smiley
I like this coin, wathing for price risings...
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August 07, 2014, 06:55:54 PM
 #76

C-Cex already did it Smiley
I like this coin, wathing for price risings...

That's the first one I got to. Love their support. Resolved in less than a minute.

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August 07, 2014, 07:07:01 PM
 #77

C-Cex already did it Smiley
I like this coin, wathing for price risings...

That's the first one I got to. Love their support. Resolved in less than a minute.

Sent requests asking to change from WAS to WSX to both AllCrypt and RockyTrade

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August 07, 2014, 09:36:27 PM
 #78

I have in rockytrade  634265.65051714 WeAreSatoshi and what now??
I want windraw. ! I want exhange ..! help
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August 07, 2014, 10:03:17 PM
 #79

I have in rockytrade  634265.65051714 WeAreSatoshi and what now??
I want windraw. ! I want exhange ..! help
You should be able to withdraw. Is there an issue?

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August 07, 2014, 10:07:54 PM
 #80

yes.
new wallet use to windraw right?
WeAreSatoshi v2 Client
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