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Author Topic: [ANN] [2GIVE] / POS+POW HYBRID CHAIN W/5% STAKING AND BLOCK CAPTURE REWARDS  (Read 99005 times)
TheLittleDuke (OP)
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May 11, 2016, 04:08:24 PM
 #481

I just confirmed with Ritchie at Bittrex that they are now ready to move all the GIVE 1.0 out of their wallet and remove the last of that infrastructure.

I have instructed him to send their complete balance to the Do A Bit of Good public "bit4bit" wallet address:

7GiveThnMDszMG4CWHLUagoGgoScpdGKVS

Visible here:

https://doabitofgood.com/bit4bit

We will likely have to power up our water-cooled mining rigs one more time to help get that GIVE moved.

-dvd

It's Better 2GIVE
https://2Give.Info
TheLittleDuke (OP)
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May 11, 2016, 04:12:54 PM
 #482


When the PoS phase will start will it also get rewarded with tx fees? What are the parameters for PoS (min and max coin age etc.)?


The POS blocks are "selfish" in that they reward the wallet staking -- now they can ALSO include other TX's and pick up those TXFEE's as well.  But basically a POS block primarily rewards the individual, not the network, other than raising the height of the chain which helps everyone elses POS and POW rewards mature.

POS kicks in at 30 days minimum and 90 days maximum and earns the wallet holder a 5% per annum ROI.

This number was selected after careful consideration of global inflation rates as well as taking into account that the wallet holder will lose 1% when they liquidate those coins -- creating an effective nominal 4% return.

-dvd

It's Better 2GIVE
https://2Give.Info
TheLittleDuke (OP)
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May 12, 2016, 12:59:56 PM
 #483


UPDATE:  As of 2016.05.12 BITTREX has liquidated its Givecoin 1.0 (GIVE) wallet to the public Strength In Numbers Foundation wallet address  7GiveThnMDszMG4CWHLUagoGgoScpdGKVS

We asked blockexperts to re-enable the GIVE explorer and we powered up some rigs to help build enough blocks to complete the transfer

https://www.blockexperts.com/give/address/7GiveThnMDszMG4CWHLUagoGgoScpdGKVS

We have downloaded the updated rich list and have been scanning through it -- it appears that the bulk of abandoned coins were related to early wallets, likely the original developers and some power miners who were rotating addresses every block -- there are hundreds of addresses with 1,000 coins sitting unmoved.

I would expect Bittrex to wrap up the swap very soon now that the GIVE 1.0 has been moved out of the exchange.

-dvd

It's Better 2GIVE
https://2Give.Info
jalmari
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May 12, 2016, 05:13:45 PM
 #484

When Bittrex is going to open the trading?

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TheLittleDuke (OP)
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May 13, 2016, 05:04:25 AM
 #485

When Bittrex is going to open the trading?

I'm happy to report that https://btcpool.exchange is now online


It's Better 2GIVE
https://2Give.Info
jalmari
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May 13, 2016, 07:14:27 AM
 #486

When Bittrex is going to open the trading?

I'm happy to report that https://btcpool.exchange is now online


Great, I am not familiar with this exchange, but will go and check...

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TheLittleDuke (OP)
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May 13, 2016, 07:49:26 PM
 #487

There are a half dozen TX's that have not come across from Bittrex yet that we need to show at least one confirm before they will shutdown the GIVE wallet and archive it

I'm working to see if we can replay those raw transactions into the network and then get a few confirms.

We have one rig online now but need a little bump in V1 hashing power to get this thing wrapped up

Ideas?

-dvd

It's Better 2GIVE
https://2Give.Info
nathalie20
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May 14, 2016, 08:42:30 AM
 #488

my (v1)givecoins disappeared from bittrex why?
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May 14, 2016, 01:07:22 PM
 #489

my (v1)givecoins disappeared from bittrex why?

Because they have all been liquidated and moved to the Strength in Numbers Foundation vault.

We had a half dozen "stuck" transactions that needed to be rebroadcast to the network and then confirmed, which is why we had to turn our rigs back on to get blocks again

This only happened about five hours ago!!  Check out the old blockchain (which we had to ALSO turn back on):

https://www.blockexperts.com/give

YOUR 2GIVE is safe and they are creating the 2GIVE/BTC pair in the exchange now

Their swap was completely outside of our control and Ritchie has apologized profusely for the delay.

I agree that we all could have done a better job of managing everyone's expectations.

All I can say is that we and Bittrex have been 100% transparent.

This is a marathon, not a sprint.   No need to stumble when were so close to the finish line...

-dvd


It's Better 2GIVE
https://2Give.Info
TheLittleDuke (OP)
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May 15, 2016, 09:41:27 PM
 #490

The innovation continues!

One of the lessons learned out of the final transfer of Givecoin 1.0 (GIVE) from Bittrex was that sometimes transactions do not get rebroadcast -- leaving them hanging around.

2GIVE will periodically try to resendtx (there's a command for it)

But in conversation with Ritchie at Bittrex, they someones need to push a single TX faster than that (and he said that rarely does the 'resendtx' command even work in most wallets)*

So based on our experience and conversation with Richie we decided to add a new command:

resendtransaction <txid>

Code:
./2GiveCoind help resendtransaction
resendtransaction <txid>
Rebroadcasts a transaction to the network if not already in the chain.

./2GiveCoind resendtransaction 2ffedee9643b56dafa3f86592b169ad160ea9289586cafbd6ef6b6ad5e77d7e2
error: {"code":-5,"message":"transaction already in block 00000ea75309dfb72456732e8e1880999d3a9693209cc76488f5cbc6527e5de6"}

This could also help individuals when they are having network connectivity issues.

Just one more reason why It's Better 2GIVE!

-dvd

* This capability could have sped up things for Bittrex since in the end we had to write custom code to handle doing "sendrawtransactions" that could read the "getrawtransaction" data from a file since we were maxing out on what was possible to send through the commandline

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https://2Give.Info
TheLittleDuke (OP)
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May 15, 2016, 11:42:29 PM
 #491


Release Candidate 4 (RC4) is NOW available for download!  Both Windows & Mac Wallets are available and the source code on GitHub is current!!

http://2Give.Info/#download

All users are encouraged to update immediately to the latest release candidate which is pretty awesome sauce ;-)

Also as of 2016.05.15 18:38 CDT Bittrex has NOT completed building the trading pair with 2GIVE.

When we have more information we'll share it out -- in the mean time, feel free to open a support ticket with Bittrex...

-dvd

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https://2Give.Info
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May 16, 2016, 03:50:44 AM
 #492

Ryan Hentz (Bittrex)
May 15, 15:58

Hi,

Givecoin is being swapped to, 2give. You will need to wait until the swap is complete.

Thank you,

Ryan

Ryan Hentz (Bittrex)
May 15, 16:36

Hi,

I believe the swap is suppose to be done later tonight.

Thanks,

Ryan
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May 16, 2016, 07:30:43 AM
 #493

https://bittrex.com/Market/Index?MarketName=BTC-2GIVE
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May 16, 2016, 11:34:39 AM
 #494

I've bought some 2give !

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crackfoo
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May 16, 2016, 12:40:38 PM
 #495

What algo is 2Give now?

ZPOOL - the miners multipool! Support We pay 10 FLUX Parallel Assets (PA) directly to block rewards! Get paid more and faster. No PA fee's or waiting around for them, paid instantly on every block found!
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May 16, 2016, 12:52:19 PM
 #496

What algo is 2Give now?

Scrypt but not minable unless there is something to work on

see http://bit.ly/2GiveCoin

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May 16, 2016, 12:54:06 PM
 #497

2-3 users have more than half of it, so it can't be bought. They're not selling.

Just 1 user have 76m Shocked
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May 16, 2016, 12:56:15 PM
 #498

2-3 users have more than half of it, so it can't be bought. They're not selling.

Just 1 user have 76m Shocked

Yes that would Strength in Numbers Foundation and we're about to withdraw it out of the exchange which is going to create a lot of block rewards....

Make sure to set your wallets to "Compete for Block Rewards (POW) or turn on "setgenerate true" in the console or commandline

-dvd

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https://2Give.Info
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May 16, 2016, 12:59:59 PM
 #499

I test sent a few coins to Bittrex wallet... took a long time and not yet even close to get the 6 confirmation they required after like 1/2 hour...
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May 16, 2016, 01:02:00 PM
 #500

I test sent a few coins to Bittrex wallet... took a long time and not yet even close to get the 6 confirmation they required after like 1/2 hour...

POS blocks are about to start popping in about two days.

In the mean time I can increase the velocity of the synthetic transactions between the seed nodes which has been running every 30 minutes

In about a week we should be fully powered up

-dvd

It's Better 2GIVE
https://2Give.Info
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