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Author Topic: [ANN][PHS][50% PoS ONLY] PhilosopherStone | NoPremine | ~64% compound | 1.6.6.4  (Read 51608 times)
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noise23
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February 29, 2016, 09:13:02 PM
 #341


Can you tell us more about the reason why Cryptopia doesn't want to do the rollback?

Problems with rollbacks , is say someone made a transaction after the rollback and received something else in exchange like btc, the rollback wipes out that transaction.
Meaning an exchange would either then owe PHS or BTC to someone as a debt where before the roll back , everything was balanced.

I feel for you Noise 23, and understand. Please inform cryptopia to restart the PHS exchange , if PHS survives it will be up to the rest of the PHS community.
I am so sorry for your loss.

 Cool



Actually there were no trades on Cryptopia after the theft so they would not lose anyhing, also is case of any loss I did promise them to compensate from my funds.

Cryptopia reply -
Quote
Hi,
 
Sorry for the delayed response. Just to clarify we have not frozen the markets because you got hacked, that is not a precedent we are willing to set.
We have frozen the markets because of your intention to hardfork the coins for a rollback.
 
If you plan to proceed with the rollback hardforks, we will be delisting the coins.
We feel that such actions are an abuse of your position as developer, and being hacked is not a good reason for a rollback.
 
The reasons for this are:
Any regular user suffering the same fate could not expect a rollback.
 
Any user who accidentally purchased stolen coins ends up getting screwed instead without warning, through no fault of their own.
 
There is no way to verify the claims of the hack, I'm not saying this is what you've done but it's entirely possible you could sell the coins, take the BTC, claim you were hacked, and then proceed with a rollback.
 
Cheers,
Hex
The Cryptopia Team
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kiklo
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February 29, 2016, 09:21:03 PM
 #342

I can see their point.

Here is a thought, I would agree to you updating the code and adding a 1% transaction fee to every stake that went to your own account , so you could reclaim what you lost and even receive some for future help.

What about that as a solution?

Will you & everyone else here agree to that?

 Cool
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February 29, 2016, 09:24:31 PM
 #343

I can see their point.

Here is a thought, I would agree to you updating the code and adding a 1% transaction fee to every stake that went to your own account , so you could reclaim what you lost and even receive some for future help.

What about that as a solution?

Will you & everyone else here agree to that?

 Cool

It's not about money. I just can't work on a project knowing that I'm helping the thief to happily dump stolen coins.
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February 29, 2016, 09:38:17 PM
 #344

I can see their point.

Here is a thought, I would agree to you updating the code and adding a 1% transaction fee to every stake that went to your own account , so you could reclaim what you lost and even receive some for future help.

What about that as a solution?

Will you & everyone else here agree to that?

 Cool

It's not about money. I just can't work on a project knowing that I'm helping the thief to happily dump stolen coins.

Ok,
the thief stole your coins, there is nothing we can do but a staking fee to help compensate you for their loss,
by the way, if you share what happened, I may have some ideas on how to better protect yourself in the future.
PM me if you want to keep it private.

But the alternative is harming the coin to hurt the thief , also not a good option cause it harms others also.
Best solution , if you are willing , is just update the code send yourself 1% of every stake to your own account to help compensate you,
the thief dumps but we all drop our buy walls on the exchange to only 1 sat for a few weeks to punish him.

That is the best I can think of , will that work for everyone?

 Cool
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February 29, 2016, 10:45:52 PM
 #345

That works only in theory i'm afraid.

Nxt did a rollback a few months back and they are still listed in a few big exchanges. Cryptopia was a good solution when we needed it but if we paid to be listed there we can pay to be listed elsewhere. Bleu, Yobit and other exchanges could be good alternatives.

If your problem is a problem of justice noise23 you can always guarantee to pay back any genuine transaction that was cancelled with the rollback. Not sure how much is at stake though. At least that would show your good faith to a potential new exchange.

My feeling about Cryptopia;
-I'm not keen to see an exchange dictate what we should do as a community
-I'm not too confident either; they are new and they have so many coins that i don't know how they can manage the type of risks that made Cryptsy fall...

I'm not sure how escrows work but we could set one up so that we can all contribute to financing the new exchange.

PHS 9ZKoeLnL9CWyLn4L3oQwrGLicBUs94Fz2c
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February 29, 2016, 11:53:22 PM
 #346

Ok,

if that is the route the PHS community wants to take, then Noise23 can proceed with the rollback when ready and cryptopia will just delist PHS.
Maybe a week or so after the rollback is completely finished , we can try and get on Yobit, there fee is .1 BTC if I remember correctly.


 Cool


FYI: Point of clarification
NXT did not go thru with the rollback.
https://www.cryptocoinsnews.com/official-nxt-decision-blockchain-rollback/

Cryptopia is caught between a rock and a hard place, if they allow it for one they would have to allow it for everyone and that could destabilize all of crypto, if a lot of coins started doing it. So IMO, they are a Great Exchange and highly principled.
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March 01, 2016, 12:18:12 AM
 #347

Let's face it; the guys at Cryptopia are right and they are defending a good principle.

However, it is also true that the community and the developer should have the final word on a cryptocurrency's destiny.

Having said that, I will agree with the 1% fee to the developer or I will gladly send a few thousand PHS to him in order to compensate for the stolen coins.

So how do we solve this conundrum?

If we go for the hardfork we can't forget that no coin is viable without a market to be traded.

We don't have enough volume to get listed on one of the big exchanges like Poloniex on Bittrex, right?

As a final note, I would love to stay on Cryptopia. Ever since Cryptsy collapsed I've been trading several coins there with no issues whatsoever. It's definitely not in the same league as Polo or Bittrex but out of the smaller ones, I believe it's better than Yobit or Bleu.

We should also consider C-Cex, I believe the listing there is free.

Whatever it takes to keep this nice coin alive, let's do it!

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March 01, 2016, 12:24:02 AM
 #348

We should also consider C-Cex, I believe the listing there is free.

Whatever it takes to keep this nice coin alive, let's do it!


C-Cex requires paid & free voting to actually get on their exchange.
PHS would not survive C-Cex Volume Delisting policy long enough to matter.

Whatever it takes to keep this nice coin alive, let's do it!
Agreed.

Yobit is the cheaper option at .1 btc , I believe Bleu is ~2½ BTC.

 Cool

FYI:
Yobit also gives access to English, Russian , & Chinese speakers.
Bleu, gives access to English & Spanish speakers.
Yobit would get my vote due to the numbers of potential users , they could represent.

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March 01, 2016, 05:44:37 AM
 #349

Ok,

if that is the route the PHS community wants to take, then Noise23 can proceed with the rollback when ready and cryptopia will just delist PHS.
Maybe a week or so after the rollback is completely finished , we can try and get on Yobit, there fee is .1 BTC if I remember correctly.


 Cool


FYI: Point of clarification
NXT did not go thru with the rollback.
https://www.cryptocoinsnews.com/official-nxt-decision-blockchain-rollback/

Cryptopia is caught between a rock and a hard place, if they allow it for one they would have to allow it for everyone and that could destabilize all of crypto, if a lot of coins started doing it. So IMO, they are a Great Exchange and highly principled.

Makes sense. I didn't realize the NXT rollback didn't happen in the end! That would have been a lot more complex/messier than for PHS given the size of their blockchain and zillion assets/currencies... 

And yes, it's a good sign for Cryptopia; still I believe their business model is very risky.  And at the end of the day I don't feel tied to them.

Given the price of listing at Yobit I think we shouldn't hesitate, whatever we do with Cryptopia. It's safer for all of us to have 2 exchanges rather than just 1.


PHS 9ZKoeLnL9CWyLn4L3oQwrGLicBUs94Fz2c
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March 01, 2016, 06:51:17 AM
 #350

Makes sense. I didn't realize the NXT rollback didn't happen in the end! That would have been a lot more complex/messier than for PHS given the size of their blockchain and zillion assets/currencies...  

And yes, it's a good sign for Cryptopia; still I believe their business model is very risky.  And at the end of the day I don't feel tied to them.

Given the price of listing at Yobit I think we shouldn't hesitate, whatever we do with Cryptopia. It's safer for all of us to have 2 exchanges rather than just 1.

It is like this if PHS does the rollback, we lose Cryptopia, which most PHS seem ok with, knowing that they have to buy their way onto yobit.
So only 1 exchange if the rollback is done.

But PHS should not try to Join any more exchanges until the rollback is done and completed , in case they take the same view as cryptopia.
No use to get on Yobit and have them delist PHS for the same reason, rollback has to be done before anything else is attempted.

 Cool
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March 01, 2016, 08:17:09 AM
 #351

If hardfork is going to happen anyway consider to implement these changes:

1. 50% stake rate can't last forever. Half it every 4 years from now till it will be about 3% (in 16 years).

2. Make POS reward for last 90 days only. There are lot of addresses with considerable amount of coins,
that not active for year or two already.
If their owners would come back, get stake for 600-1000 days, It's like a time bomb.

3. I still think that transaction messages is useful thing and maximum message size should
be extended to 528 bytes, like it was done in Florin coin.

Wow VladK, you are truly wise with your advice - nrs 1, 2 and 3. Hehe nr 2 is excellent and really funny  Cheesy Make POS rewards last 90 days only - now that will help peeps start using coin. Lol  I'm sure these points can help this coin greatly if implemented.


post script:@Muzzargh \/ agreed - take the name for instance "philosopherstone" its beautiful in itself...it has to survive - our world need philosopherstones. The symbol that philospherstones stand for is that of Logic isn't it. Our modern world (for the majority of people) only vaguely displays tidbits of logic (as in philosophy type). Look at the definition of logic in google: reasoning conducted or assessed according to strict principles of validity. Let's validify Philosopherstones so the young (others of course too) of today and tomorrow can think and live free.


FREEDOM
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March 01, 2016, 08:48:20 AM
 #352

Do whatever you need to do to save the coin I say.
zuepfi11
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March 02, 2016, 01:58:39 PM
 #353

Do whatever you need to do to save the coin I say.


+ wallet all the time worked nice... would be a shame when phs die :/

@noise23 when a rollback is the best solution for you/phs you should do that, we dont need cryptopia, we can find another exchange.

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March 02, 2016, 03:38:55 PM
 #354


+ wallet all the time worked nice... would be a shame when phs die :/


Technically, this coin is now dead... Why? Because there is no place where it can be traded!

However, I still hope for the PHS revival!

@noise23, let's go for it!

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March 02, 2016, 03:46:44 PM
 #355

After some consideration, i think it's better for PHS to just leave everything as is for now...
Going to ask Cryptopia to re-activate PHS market.
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March 02, 2016, 03:50:09 PM
 #356

After some consideration, i think it's better for PHS to just leave everything as is for now...
Going to ask Cryptopia to re-activate PHS market.

Great news!

On the other hand, your stolen coins might be dumped, right?  Shocked

Can we expect you to keep developing the new wallet, site and blockexplorer?

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March 02, 2016, 04:05:06 PM
 #357

Great news!

On the other hand, your stolen coins might be dumped, right?  Shocked
Yeah they definitely will be dumped, 107K http://explorer.phstones.com/address/9VGJynR4uc3787QWdGMS9HUD9YMmmDJgoC

Quote
Can we expect you to keep developing the new wallet, site and blockexplorer?
Domain is paid till December, will try to keep explorer online too.
Regarding developing i can't say for now, at least not in the near months...
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March 02, 2016, 04:08:40 PM
 #358

Great news!

On the other hand, your stolen coins might be dumped, right?  Shocked
Yeah they definitely will be dumped, 107K http://explorer.phstones.com/address/9VGJynR4uc3787QWdGMS9HUD9YMmmDJgoC

Quote
Can we expect you to keep developing the new wallet, site and blockexplorer?
Domain is paid till December, will try to keep explorer online too.
Regarding developing i can't say for now, at least not in the near months...


I would love to have an improved wallet but I must admit that you are already doing a lot!

I'll be around, ready to support any efforts to keep this project going.

Thank you so much for keeping this coin alive!

kiklo
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March 03, 2016, 05:50:04 AM
 #359

Here is a thought.
We should all drop our Buy orders to 1 sat to punish the thief, until he sells all of the coins he stole.

 Cool
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March 03, 2016, 06:52:15 AM
 #360

I'm happy to pay for another year for the domain name when it comes up for renewal Wink

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