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Author Topic: [ANN][PHS][50% PoS ONLY!] PhilosopherStones | ACTIVE Dev! | ~64% Yearly |  (Read 53675 times)
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arteleis
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October 28, 2014, 05:39:34 PM
 #21

Fees are destroyed to offset inflation (1 PHS per 100k)[/b]

Hate to tell you this, but this small transaction fee HAS NO IMPACT on inflation.  50% inflation is offset by 0.0001% fee?

Define inflation.

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October 29, 2014, 02:16:55 AM
 #22

Fees are destroyed to offset inflation (1 PHS per 100k)[/b]

Hate to tell you this, but this small transaction fee HAS NO IMPACT on inflation.  50% inflation is offset by 0.0001% fee?

Define inflation.

I see this on mises.org

"Inflation is a general increase in the money supply. One of the effects, that may accompany inflation (and is sometimes confused for it) is a rise in prices called price inflation. A similar, but opposite effect in kind is deflation."

I am not certain how this coin uses the term inflation. But i think to use money supply or you could call it "stone supply", expansion.  I don't think this tiny fee will cancel out 50% interest rate what i wanted to get across.
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October 29, 2014, 03:55:39 AM
 #23

Fees are destroyed to offset inflation (1 PHS per 100k)[/b]

Hate to tell you this, but this small transaction fee HAS NO IMPACT on inflation.  50% inflation is offset by 0.0001% fee?

Define inflation.

I see this on mises.org

"Inflation is a general increase in the money supply. One of the effects, that may accompany inflation (and is sometimes confused for it) is a rise in prices called price inflation. A similar, but opposite effect in kind is deflation."

I am not certain how this coin uses the term inflation. But i think to use money supply or you could call it "stone supply", expansion.  I don't think this tiny fee will cancel out 50% interest rate what i wanted to get across.

Define. Money.  And interest.  In reference to 100% pos coin.

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October 29, 2014, 04:22:41 AM
 #24

Fees are destroyed to offset inflation (1 PHS per 100k)[/b]

Hate to tell you this, but this small transaction fee HAS NO IMPACT on inflation.  50% inflation is offset by 0.0001% fee?

Define inflation.

I see this on mises.org

"Inflation is a general increase in the money supply. One of the effects, that may accompany inflation (and is sometimes confused for it) is a rise in prices called price inflation. A similar, but opposite effect in kind is deflation."

I am not certain how this coin uses the term inflation. But i think to use money supply or you could call it "stone supply", expansion.  I don't think this tiny fee will cancel out 50% interest rate what i wanted to get across.

Define. Money.  And interest.  In reference to 100% pos coin.

No
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October 29, 2014, 05:10:08 AM
 #25

Lol

Cuz it has no bearing here.

   Calling pos gains interest and inflation is as stupid as calling pooling mining inflation...
  Cuz well inflation would be judged as spending.. and money well would be defined as legal currency.

  Are cryptos legal currency? No. Are they money? Depends if they hit an exchange.  Is this inflation? Repeat a through c.

  Or define yourself instead of being vague and seemingly uninformed as your avatar suggests while you puke bullshit on a good thread.

  Or just refuse to deny definition in your vague accusation of an inflationary currency. Er. Crypto.  Er. Stone.

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October 29, 2014, 05:50:10 AM
 #26

This really had nothing to do with my original question. I am not the one calling it inflation, it is this coin, in the first post.  You are just trying to change the subject, when I point out a legitimate false advertising. This tiny fraction of a fee will have no impact on anything whether it is stone number, bitcoin price, or anything like that. It is so small it has no impact on anything.

Not an argument about what is or isn't considered inflation. Just a ver very simple point.
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October 29, 2014, 06:32:32 AM
 #27

Fees are destroyed to offset inflation (1 PHS per 100k)[/b]

Hate to tell you this, but this small transaction fee HAS NO IMPACT on inflation.  50% inflation is offset by 0.0001% fee?

Define inflation.

I see this on mises.org

"Inflation is a general increase in the money supply. One of the effects, that may accompany inflation (and is sometimes confused for it) is a rise in prices called price inflation. A similar, but opposite effect in kind is deflation."

I am not certain how this coin uses the term inflation. But i think to use money supply or you could call it "stone supply", expansion.  I don't think this tiny fee will cancel out 50% interest rate what i wanted to get across.

As posted, fee destruction is meant to offset PoS 'inflation', not cancel completely (and also reduce bloat to a small extent). Perhaps you have a suggestion or improved wording?

 I previously thought to increase the fee by an order of magnitude or more , as PHS is not designed for micro TX anyway, but it was never in demand and not well received by the PHS community. (hardfork) Cryptos are highly deflationary in nature due to lost wallets, coins, technical problems, etc. A fee to completely 'cancel out' PoS 'inflation', would result in deflationary death spiral, obviously, when this is taken into account.

Point taken, however, In that we could clarify the OP for the 'low hanging fruit' among us, I.E. "1 PHS per 100k" may be too technical.  Although the required arithmetic is quite trivial.

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October 30, 2014, 08:28:23 PM
 #28

Looks like my wallet cant connect to main blockchain. Only 1 active connection (sometimes no active connections), lot of minted coins... have we some forked blockchains?
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October 31, 2014, 01:25:05 AM
 #29

Looks like my wallet cant connect to main blockchain. Only 1 active connection (sometimes no active connections), lot of minted coins... have we some forked blockchains?

Hi, don't worry when you sync back up your stakes will be safe.


I looked in some logs and only thing I could see recently is someone maybe changing their clocks early for daylight savings and getting rejected blocks, could this be the problem for you?

Anyway you can first try to run the newest client with a new CP: (can delete peers.dat may help)

https://github.com/philosopherstonecoin/philosopherstone/releases/tag/165


If that doesn't work you will need to delete everything but wallet.dat (and .conf if you want to keep that) and use the fast blockchain download/bootstrap also available at:

https://github.com/philosopherstonecoin/philosopherstone/releases/tag/165

Regards,
PD

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October 31, 2014, 06:41:19 AM
 #30

Hmm I've got 20 connections.

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October 31, 2014, 04:51:52 PM
 #31

I took the "bait" and bought stones to see the interest rate work.

The this happened right after I got stones
http://i.imgur.com/h4hrx4e.jpg

Now i think all the interest payments in the world wont be enough to help me.

Why is price tanking? Is interest payments too much to be handled?  Should I keep my stone or sell?
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October 31, 2014, 05:22:44 PM
 #32

I took the "bait" and bought stones to see the interest rate work.

The this happened right after I got stones


Now i think all the interest payments in the world wont be enough to help me.

Why is price tanking? Is interest payments too much to be handled?  Should I keep my stone or sell?

Lesson #2

Cheesy If you perfectly timed a top that well, I would consider sticking with your day job.  Cheesy

Another option may be to buy when you think you should sell. (opposite)

Or study economics. Does this chart below look familiar? One strategy is to 'buy low sell high' , not sell low and buy high

Also note long term trend, please do a line if you have time!





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October 31, 2014, 05:31:11 PM
 #33

I don't know whats high and whats low.  And making fun of me doesn't help me feel any better about it.  Embarrassed

Few months ago on cryptsy, looks almost 10 times higher price. Made me think I was buying low.  Stones just has no solid base price? Do you think there is a base price for each stone?
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October 31, 2014, 05:42:48 PM
 #34

I don't know whats high and whats low.  And making fun of me doesn't help me feel any better about it.  Embarrassed

Few months ago on cryptsy, looks almost 10 times higher price. Made me think I was buying low.  Stones just has no solid base price? Do you think there is a base price for each stone?

If the price was 10x higher, and it made you think you are buying low??? Think about this, please.


It is impossible to say anything because how can I know your time frame? 1 hour? 1 day? Month, years???

If your time frame is hours, Here is an example of 100% gain last few hours:





Also when you get a chance, Please post a screenshot of your purchase  Cheesy

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October 31, 2014, 05:59:40 PM
 #35

Notice that super tiny volume on the upswing. Getting 100% of like 0.01 BTC or less isn't that exciting Undecided

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October 31, 2014, 06:03:54 PM
 #36

Notice that super tiny volume on the upswing. Getting 100% of like 0.01 BTC or less isn't that exciting Undecided

Use BC or XMR maybe PPC for swing trades (hourly/daily).

also, a Profit is a profit.




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October 31, 2014, 06:25:02 PM
 #37

Code:
In file included from src/bignum.h:12:0,
                 from src/main.h:8,
                 from src/kernel.h:7,
                 from src/txdb-leveldb.cpp:17:
src/main.h: In member function 'std::string CTransaction::ToString() const':
src/util.h:181:69: warning: too many arguments for format [-Wformat-extra-args]
 #define strprintf(format, ...) real_strprintf(format, 0, __VA_ARGS__)
                                                                     ^
src/main.h:659:16: note: in expansion of macro 'strprintf'
         str += strprintf("(hash=%s, nTime=%d, ver=%d, vin.size=%"PRIszu", vout.size=%"PRIszu", nLockTime=%d)\n",
                ^

src/main.h
Code:
            nVersion,
             vin.size(),
             vout.size(),
-            nLockTime,
- strTxComment.substr(0,30).c_str()
- );
+            nLockTime);
 
         for (unsigned int i = 0; i < vin.size(); i++)
             str += "    " + vin[i].ToString() + "\n";

I don't like warnings, please fix this obvious typo

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October 31, 2014, 06:43:13 PM
 #38

Code:
In file included from src/bignum.h:12:0,
                 from src/main.h:8,
                 from src/kernel.h:7,
                 from src/txdb-leveldb.cpp:17:
src/main.h: In member function 'std::string CTransaction::ToString() const':
src/util.h:181:69: warning: too many arguments for format [-Wformat-extra-args]
 #define strprintf(format, ...) real_strprintf(format, 0, __VA_ARGS__)
                                                                     ^
src/main.h:659:16: note: in expansion of macro 'strprintf'
         str += strprintf("(hash=%s, nTime=%d, ver=%d, vin.size=%"PRIszu", vout.size=%"PRIszu", nLockTime=%d)\n",
                ^

src/main.h
Code:
            nVersion,
             vin.size(),
             vout.size(),
-            nLockTime,
- strTxComment.substr(0,30).c_str()
- );
+            nLockTime);
 
         for (unsigned int i = 0; i < vin.size(); i++)
             str += "    " + vin[i].ToString() + "\n";

I don't like warnings, please fix this obvious typo


Noted and added to the very long list, I usually -Wno-format-extra-args this family, among others  Cheesy

you are also welcome to do any PR at https://github.com/philosopherstonecoin/philosopherstone/commits/master

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October 31, 2014, 11:20:51 PM
 #39

All ok with my wallet. Just redownloaded blockchain. I guess problem was in incorrect system time. Thanks friends.  Smiley
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October 31, 2014, 11:28:19 PM
 #40

All ok with my wallet. Just redownloaded blockchain. I guess problem was in incorrect system time. Thanks friends.  Smiley


Great, Always happens around daylight savings.

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