[ANN] Snowballs | ONE MORE HARD FORK to BALLS 2.0.2 | BALLS/MMXIV Market OPEN

[qiwoman2]

What do I need to do when fork comes?

[1713925744]

1713925744

[1713925744]

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[1713925744]

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[tripppn]

What do I need to do when fork comes?

We just need to update our wallets.  Spots should have a new one ready soon for us.

[iGotSpots]

Not sure if we can get percentages working. There's an issue that I don't think is really worth explaining, but it would totally destroy the way exchanges handle fees. In a nutshell, it currently handles fees through both inputs and outputs, which could result in ridiculous fees, as well as a vulnerability with raw transactions that could get around paying fees at all. We won't release something that we know can be broken. Trying to think of other solutions right now

Suggestions?

[anticlimax]

Wish I could help, but I doubt I know nearly as much as you.

[iGotSpots]

Thought about some solutions with coinage, too. A lot of these are possible and rather easy code-wise, but the reason we can't push them is it will really fuck up the way exchanges calculate fees

We could just raise them, but that's boring. I want an interesting idea if we are going to change something big like fees

[anticlimax]

No fork?
Might cause panic in those who dumped just now lol.
Would be nice to have increased fees, but I agree that flat fees suck.

[iGotSpots]

Unless I can think of a totally new fee system quick that won't cause exchange problems, there probably won't be a fork. I have a lot of ideas, but exchanges are the problem with implementation

[anticlimax]

Unless I can think of a totally new fee system quick that won't cause exchange problems, there probably won't be a fork. I have a lot of ideas, but exchanges are the problem with implementation

What's next on the drawing board?

[iGotSpots]

Unless I can think of a totally new fee system quick that won't cause exchange problems, there probably won't be a fork. I have a lot of ideas, but exchanges are the problem with implementation

What's next on the drawing board?

I was going to wait until the fork to put up a Pi wallet, but I think I'm going to get it together right now. It will auto update anyway

[iGotSpots]

Nice article on Bitcoinist

http://bitcoinist.net/snowballs-5000-yearly-pos-rate-altcoin/

[thefix]

Unless I can think of a totally new fee system quick that won't cause exchange problems, there probably won't be a fork. I have a lot of ideas, but exchanges are the problem with implementation

This is a wild idea but mainly just wanted to post something to get people to start thinking creatively.

How about raising stake to 10000% for a month.

Once the month is up drop it to 2000% and make the total coin supply much smaller. Upon reaching the max coin supply, the coin fee will be distributed to people staking in lieu of 2000%


Feel free to pick it apart and come up with something more creative


I really feel like we should raise the stake to 10000% for a month to encourage people to continue to buy and hold while we think of something to lower the total coin supply and distribute some sort of staking/reward for keeping the wallet open.

It would give us time to come up with something well though out without having to push something through that might backfire

That is it for my ramblings for now

[anticlimax]

Unless I can think of a totally new fee system quick that won't cause exchange problems, there probably won't be a fork. I have a lot of ideas, but exchanges are the problem with implementation

This is a wild idea but mainly just wanted to post something to get people to start thinking creatively.

How about raising stake to 10000% for a month.

Once the month is up drop it to 2000% and make the total coin supply much smaller. Upon reaching the max coin supply, the coin fee will be distributed to people staking in lieu of 2000%


Feel free to pick it apart and come up with something more creative


I really feel like we should raise the stake to 10000% for a month to encourage people to continue to buy and hold while we think of something to lower the total coin supply and distribute some sort of staking/reward for keeping the wallet open.

It would give us time to come up with something well though out without having to push something through that might backfire

That is it for my ramblings for now

What about every 3rd or 7th day you stake you get 10,000% that day? Is that even possible?
Do that for a month?

Idk.. What if we had slowly decreasing interest rates? This way people want to hold during the early days to maximize the return they get.

Or.. sending coins from your wallet completely resets your staking for a period of time?
Though that would most likely cause issues to the network.

What if you hold your coins in your wallet for 24hrs to get 1% interest rate and it increases daily to a maximum?

Not the best ideas, but I like the idea of maybe stirring up a better idea from someone else.

[thefix]

Unless I can think of a totally new fee system quick that won't cause exchange problems, there probably won't be a fork. I have a lot of ideas, but exchanges are the problem with implementation

This is a wild idea but mainly just wanted to post something to get people to start thinking creatively.

How about raising stake to 10000% for a month.

Once the month is up drop it to 2000% and make the total coin supply much smaller. Upon reaching the max coin supply, the coin fee will be distributed to people staking in lieu of 2000%


Feel free to pick it apart and come up with something more creative


I really feel like we should raise the stake to 10000% for a month to encourage people to continue to buy and hold while we think of something to lower the total coin supply and distribute some sort of staking/reward for keeping the wallet open.

It would give us time to come up with something well though out without having to push something through that might backfire

That is it for my ramblings for now

What about every 3rd or 7th day you stake you get 10,000% that day? Is that even possible?
Do that for a month?

Idk.. What if we had slowly decreasing interest rates? This way people want to hold during the early days to maximize the return they get.

Or.. sending coins from your wallet completely resets your staking for a period of time?
Though that would most likely cause issues to the network.

What if you hold your coins in your wallet for 24hrs to get 1% interest rate and it increases daily to a maximum?

Not the best ideas, but I like the idea of maybe stirring up a better idea from someone else.

I think you are on to something with the idea of increased stake amount for the longer you hold coins and keep your wallet open.

[iGotSpots]

That would help people that already hold, but may turn people off from buying in later. A case of the rich getting richer and all that

Things have to be fair across the board for both old holders and new stakers

[iGotSpots]

Keep the ideas coming,  though. Inflation isn't too out of control right now, though, but I would definitely like to slow it down a little more through burning coins instead of changing stake

Then it will be fair for both small fish and whales since everyone will be affected the exact same

[TheLemonMan]

maybe set a small % of stake on charity...the % depending on the size of stake

or maybe the % of stake can go toward a new feature for the coin itself

[Superxfast]

Dear iGotSpot

I have an idea. The problem now is the transaction fee for exchange. I have solution for this.

Solution:

I suggest we should have a command to turn off staking. If an wallet have never staking, the tx fee will be low. If the wallet used to staking, the tx fee will be high.

User are always staking, so the tx fee are high.

Exchange should turn off staking at the first time they install the wallet to have tx fee low.

So problem is solve. You can deploy your ideas now.

What do you think about that.

[iGotSpots]

Raspberry Pi Wallet
Now Available



This script will download or update any dependencies
It will also check to ensure the newest source is used
Finally, fresh clients will be compiled locally on your Pi

[iGotSpots]

Raspberry Pi Wallet
Now Available



This script will download or update any dependencies
It will also check to ensure the newest source is used
Finally, fresh clients will be compiled locally on your Pi

This script can be used on Linux for your desktop, too. So if you are unsure of how to compile your own clients, it might be a good first step towards learning how to protect yourself from downloading already compiled binaries from an untrustworthy source

[Superxfast]

iGotSpots

Please take a look at my suggestion above. Hope it can solve your problem.