EUROPECOIN [ERC] 🌟 FINANCECLOUD 🌟 CRYPTOCURRENY & FINANCE API + SMARTHUB 🌟

[cryptonit]

i think u missunderstand the nature of POW mining as most people see it

mine altcoins is just a way to earn BTC

this means a high percentage of POW coin rollout is direct sell pressure

the nature of POS that coins produce coins give buy coins and stake coins sense

and there is absolute nothing wrong with a codebase that forked from bitcoin 0.8x

it can pretty easy be upgraded to 0.9x too (and be honest what bitcoin ability that 0.9x didnt have already u need for ERC u will find none)

a codetree reach sooner or later a state where he is so different from bitcoin base that it have to be seen as a own tree

and that is true for PPC/NVC tree which all the POW/POS hybrid coins are based on


if u go POW the best advice i can give u is to make the POW coinrollout as low as possible

trust me 95% of POW miners dont care for the coin just the BTC they can sell the coin for

and ERC is not in a state to counter that constant sellpressure

to have more different people involved at ERC POW mining isnt helping at all

what u need is investors not miners

investors buy miners sell

its that easy

[1714802625]

1714802625

[1714802625]

1714802625

[1714802625]

1714802625

[Woody20285]

-Snip-

if u go POW the best advice i can give u is to make the POW coinrollout as low as possible
trust me 95% of POW miners dont care for the coin just the BTC they can sell the coin for
and ERC is not in a state to counter that constant sellpressure
to have more different people involved at ERC POW mining isnt helping at all
what u need is investors not miners
investors buy miners sell
its that easy

Very well stated. I would add that merge mining creates buying pressure
because those mining want the payout in ERC.But straight miners, mine the
most profitable coin to sell quickly.

[Antebellum]

i think u missunderstand the nature of POW mining as most people see it

mine altcoins is just a way to earn BTC

this means a high percentage of POW coin rollout is direct sell pressure

the nature of POS that coins produce coins give buy coins and stake coins sense

and there is absolute nothing wrong with a codebase that forked from bitcoin 0.8x

it can pretty easy be upgraded to 0.9x too (and be honest what bitcoin ability that 0.9x didnt have already u need for ERC u will find none)

a codetree reach sooner or later a state where he is so different from bitcoin base that it have to be seen as a own tree

and that is true for PPC/NVC tree which all the POW/POS hybrid coins are based on


if u go POW the best advice i can give u is to make the POW coinrollout as low as possible

trust me 95% of POW miners dont care for the coin just the BTC they can sell the coin for

and ERC is not in a state to counter that constant sellpressure

to have more different people involved at ERC POW mining isnt helping at all

what u need is investors not miners

investors buy miners sell

its that easy

/Agree

on another point, why is the staking reward so high now? read something about an increase, so that means that the total coin supply has been increased aswell?  whats the new speccs then? and since i downloaded new wallet only got 4 connections, is that only because not that many installed the new wallet yet? and do i have to have the new wallet right now for everything to work properly? (in that case an hint about the upd being mandatory would be great so i can help some others upd to latest one asap)  

[cryptonit]

-Snip-

if u go POW the best advice i can give u is to make the POW coinrollout as low as possible
trust me 95% of POW miners dont care for the coin just the BTC they can sell the coin for
and ERC is not in a state to counter that constant sellpressure
to have more different people involved at ERC POW mining isnt helping at all
what u need is investors not miners
investors buy miners sell
its that easy

Very well stated. I would add that merge mining creates buying pressure
because those mining want the payout in ERC.But straight miners, mine the
most profitable coin to sell quickly.

u mean multipool mining yes

thats why DMD run a own multipool since ages and promote mine there always above mine DMD direct

we use hybrid POS/POS for security  reasons but we keep POW rewards very small just 0.2 DMD each 100 sec

a well set up hybrid coin doesnt need much hashrate or many miners to be secure

[szenekonzept]

-Snip-

if u go POW the best advice i can give u is to make the POW coinrollout as low as possible
trust me 95% of POW miners dont care for the coin just the BTC they can sell the coin for
and ERC is not in a state to counter that constant sellpressure
to have more different people involved at ERC POW mining isnt helping at all
what u need is investors not miners
investors buy miners sell
its that easy

Very well stated. I would add that merge mining creates buying pressure
because those mining want the payout in ERC.But straight miners, mine the
most profitable coin to sell quickly.

u mean multipool mining yes

thats why DMD run a own multipool since ages and promote mine there always above mine DMD direct

we use hybrid POS/POS for security  reasons but we keep POW rewards very small just 0.2 DMD each 100 sec

a well set up hybrid coin doesnt need much hashrate or many miners to be secure

-Snip-

if u go POW the best advice i can give u is to make the POW coinrollout as low as possible
trust me 95% of POW miners dont care for the coin just the BTC they can sell the coin for
and ERC is not in a state to counter that constant sellpressure
to have more different people involved at ERC POW mining isnt helping at all
what u need is investors not miners
investors buy miners sell
its that easy

Very well stated. I would add that merge mining creates buying pressure
because those mining want the payout in ERC.But straight miners, mine the
most profitable coin to sell quickly.

u mean multipool mining yes

thats why DMD run a own multipool since ages and promote mine there always above mine DMD direct

we use hybrid POS/POS for security  reasons but we keep POW rewards very small just 0.2 DMD each 100 sec

a well set up hybrid coin doesnt need much hashrate or many miners to be secure

Though i like the savings plus POW approach, i think we (hope so) agree in the most important points:

1) we will not change distribution Speed in a fundamental way
2) we will keep pow low, VERY low (you may suggest numbers, if you like)
3) we will keep the total coins
4) we keep mining reward under savings reward
5) saving about equal to POS rewards (perhaps slightly lees)

This would be very low distribution for a POW coin, but may be slightly higher then at 5%
I would like to see People who are using the savings option are earning about nearly the same as they did by staking and
Miners to earn slightly less then that.

can you imagine to like this approach?
If i get a clear "no we don't like it" from the community, i will cancel this immediately.
(for example at least 5/6 people give their statement and most of them are disliking the approach)
I am not up to decide against my supporters, but I need to get clear statements
and i need them within a week from now, to be able to continue. If i had to cancel,
we would have to find a new concept, but that's what we would do then.
(also here: suggest and take part, its not my coin, its ours)

another aspect:
Though i have an idea about the outcome in my mind,
i also know, this approach has the potential, to surprise us all (in both directions).
But we can afford to be experimental, this coin wouldn't be alive, if we wouldn't have been experimental all  the time.
Keep in mind: If this idea would turn out to be a bad idea, we would not be helpless and watch our coin decline.
Over a year has passed and we worked hart to get to know our coin and its code.
We are in control of its nature and would certainly react and change it again, if we don't like the outcome.

Because we keep moving and we will not stop rocking this coin, the story has just begun

have fun
Matthias 



.


.

[backbonejb]

Hi Matthias,

I like the combination of POW and POS.

I am certainly not an expert, but it seems that POW is using much more power (Kwh) than POS.

What do you mean by:

"we will keep the total coins" ?

And how is that achieved ?

Jerry

[szenekonzept]

Hy my friends,

MAC Wallet for V 2.030 ist out,

get it here:
http://www.europecoin.eu.org/europecoin-wallet-download/category/1-europecoin-wallet

have fun
Matthias 


.

[cryptonit]

i dont know abilities of the code u gona use
as far as i understand it can POW no POS and it have a lock coins mechanic where after a timeframe u get back coins with a lock reward
based on this my brainstorming coin spec design

actual coins below 100 millions
aim max coins 384 millions
expected coins locked in max duration (12 months) 50%
desired coin rollout time over 10 years
blocktime 5 min

POW reward flat 50 ERC each POW block
= 14400 a day = ~ 5 million a year

POW coins generated the first 10 years

year 0 100+5 = 105
year 1 105+5 = 110
year 2 110+5 = 115
year 3 115+5 = 120
year 4 120+5 = 125
year 5 125+5 = 130
year 6 130+5 = 135
year 7 135+5 = 140
year 8 140+5 = 145
year 9 145+5 = 150

expect 50% of coins locked max duration 12 month
reward 10%

year 0 100+5 = 105+(105*0.5*0.1)
year 1 110+5 = 115+(115*0.5*0.1)
year 2 121+5 = 126+(126*0.5*0.1)
year 3 132+5 = 137+(137*0.5*0.1)
year 4 144+5 = 149+(149*0.5*0.1)
year 5 156+5 = 161+(161*0.5*0.1)
year 6 169+5 = 174+(174*0.5*0.1)
year 7 182+5 = 187+(187*0.5*0.1)
year 8 196+5 = 201+(201*0.5*0.1)
year 9 211+5 = 216+(216*0.5*0.1)

so u have around 225 millions total coins after 10 years
after this 10 years main coin rollout phase i would implement a drastic reduction of rewards

if this project is not in a state that beside coin rollout income other aspects create demand after 10 years then anyway it failed

just a quick brainstorming

and to avoid being playball of mining multipools and heavy jumping mining blocktimes u need to choose a rare mining algo

or u choose a heavy used algo but merge mining then so the mining hashrate stability come from stability hashrate on the algo main coin

intersting people with lot knowledge regadring merged mining coin family is the blakecoin merged mining algo family

---------

btw if someone interested in DMD too
dont miss our 3rd birthday event
https://bitcointalk.org/index.php?topic=580725.msg15324861#msg15324861
and the cloudmining promotion
https://bit.diamonds/community/index.php/topic,148.0.html

[szenekonzept]

i dont know abilities of the code u gona use
as far as i understand it can POW no POS and it have a lock coins mechanic where after a timeframe u get back coins with a lock reward
based on this my brainstorming coin spec design

actual coins below 100 millions
aim max coins 384 millions
expected coins locked in max duration (12 months) 50%
desired coin rollout time over 10 years
blocktime 5 min

POW reward flat 50 ERC each POW block
= 14400 a day = ~ 5 million a year

POW coins generated the first 10 years

year 0 100+5 = 105
year 1 105+5 = 110
year 2 110+5 = 115
year 3 115+5 = 120
year 4 120+5 = 125
year 5 125+5 = 130
year 6 130+5 = 135
year 7 135+5 = 140
year 8 140+5 = 145
year 9 145+5 = 150

expect 50% of coins locked max duration 12 month
reward 10%

year 0 100+5 = 105+(105*0.5*0.1)
year 1 110+5 = 115+(115*0.5*0.1)
year 2 121+5 = 126+(126*0.5*0.1)
year 3 132+5 = 137+(137*0.5*0.1)
year 4 144+5 = 149+(149*0.5*0.1)
year 5 156+5 = 161+(161*0.5*0.1)
year 6 169+5 = 174+(174*0.5*0.1)
year 7 182+5 = 187+(187*0.5*0.1)
year 8 196+5 = 201+(201*0.5*0.1)
year 9 211+5 = 216+(216*0.5*0.1)

so u have around 225 millions total coins after 10 years
after this 10 years main coin rollout phase i would implement a drastic reduction of rewards

if this project is not in a state that beside coin rollout income other aspects create demand after 10 years then anyway it failed

just a quick brainstorming

and to avoid being playball of mining multipools and heavy jumping mining blocktimes u need to choose a rare mining algo

or u choose a heavy used algo but merge mining then so the mining hashrate stability come from stability hashrate on the algo main coin

intersting people with lot knowledge regadring merged mining coin family is the blakecoin merged mining algo family

---------

btw if someone interested in DMD too
dont miss our 3rd birthday event
https://bitcointalk.org/index.php?topic=580725.msg15324861#msg15324861
and the cloudmining promotion
https://bit.diamonds/community/index.php/topic,148.0.html

thank you, this description helped a lot,
i am quite sure, we are able to match these configurations.

@backbonejb:
Did this also help, to answer your question, or shall i explain more?

I like it!
have fun
Matthias

.

[rmd73]

i dont know abilities of the code u gona use
as far as i understand it can POW no POS and it have a lock coins mechanic where after a timeframe u get back coins with a lock reward
based on this my brainstorming coin spec design

actual coins below 100 millions
aim max coins 384 millions
expected coins locked in max duration (12 months) 50%
desired coin rollout time over 10 years
blocktime 5 min

POW reward flat 50 ERC each POW block
= 14400 a day = ~ 5 million a year

POW coins generated the first 10 years

year 0 100+5 = 105
year 1 105+5 = 110
year 2 110+5 = 115
year 3 115+5 = 120
year 4 120+5 = 125
year 5 125+5 = 130
year 6 130+5 = 135
year 7 135+5 = 140
year 8 140+5 = 145
year 9 145+5 = 150

expect 50% of coins locked max duration 12 month
reward 10%

year 0 100+5 = 105+(105*0.5*0.1)
year 1 110+5 = 115+(115*0.5*0.1)
year 2 121+5 = 126+(126*0.5*0.1)
year 3 132+5 = 137+(137*0.5*0.1)
year 4 144+5 = 149+(149*0.5*0.1)
year 5 156+5 = 161+(161*0.5*0.1)
year 6 169+5 = 174+(174*0.5*0.1)
year 7 182+5 = 187+(187*0.5*0.1)
year 8 196+5 = 201+(201*0.5*0.1)
year 9 211+5 = 216+(216*0.5*0.1)

so u have around 225 millions total coins after 10 years
after this 10 years main coin rollout phase i would implement a drastic reduction of rewards

if this project is not in a state that beside coin rollout income other aspects create demand after 10 years then anyway it failed

just a quick brainstorming

and to avoid being playball of mining multipools and heavy jumping mining blocktimes u need to choose a rare mining algo

or u choose a heavy used algo but merge mining then so the mining hashrate stability come from stability hashrate on the algo main coin

intersting people with lot knowledge regadring merged mining coin family is the blakecoin merged mining algo family

---------

btw if someone interested in DMD too
dont miss our 3rd birthday event
https://bitcointalk.org/index.php?topic=580725.msg15324861#msg15324861
and the cloudmining promotion
https://bit.diamonds/community/index.php/topic,148.0.html

thank you, this description helped a lot,
i am quite sure, we are able to match these configurations.

@backbonejb:
Did this also help, to answer your question, or shall i explain more?

I like it!
have fun
Matthias

.

Very nice.
It seems that Neoscrypt ( https://github.com/ghostlander/NeoScrypt ) is a good candidate for the PoW algo if chnage is neded - I think there already are X11 ASICs.
ORB (based on Neoscrypt) is PoS/PoW hybrid with fixed PoS reward (an interesting feature, to say the least), with a solid core implementation (congrats to ghostlander). The price stability of ORB is something many coins would envy and "miner pressure" is almost non-existent (I might be wrong on that one).
Just my 2 satoshis

[Limx Dev]

That is a good sound here...yes me way is new for ERC but I think that is a good solution.

I have make lots off tests with the old blockchain and wallet. And the core from ERC is is flawed and we have a many errors in the chain.
Only a few hotfixes from version 2.0.1.0 make it possible that the wallet runs. And i have set for this a function until Block 1 Mio.
The new update 2.0.2.5 extended this function until block 1,2 Mio. This error is a big problem for the chain. Also the switch back to pos not helped.

Which is one of the error (Error).

Code:

ERROR: ConnectInputs() : e48ebdbc54 prev tx already used at (nFile=1, nBlockPos=465270769, nTxPos=465274924)
ERROR: CTxMemPool::accept() : ConnectInputs failed e48ebdbc54
ERROR: ConnectInputs() : 867dd6269e prev tx already used at (nFile=1, nBlockPos=465270769, nTxPos=465274924)
ERROR: CTxMemPool::accept() : ConnectInputs failed 867dd6269e
ERROR: ConnectInputs() : e04e126386 prev tx already used at (nFile=1, nBlockPos=441960160, nTxPos=441960318)
ERROR: CTxMemPool::accept() : ConnectInputs failed e04e126386
ERROR: ConnectInputs() : 2855d7cb6d prev tx already used at (nFile=1, nBlockPos=464660559, nTxPos=464660717)
ERROR: CTxMemPool::accept() : ConnectInputs failed 2855d7cb6d

I think the best and surest is a swap in a new core and hash algo. Erc is currently X11.

Best Regards Christian

[backbonejb]

i dont know abilities of the code u gona use
as far as i understand it can POW no POS and it have a lock coins mechanic where after a timeframe u get back coins with a lock reward
based on this my brainstorming coin spec design

actual coins below 100 millions
aim max coins 384 millions
expected coins locked in max duration (12 months) 50%
desired coin rollout time over 10 years
blocktime 5 min

POW reward flat 50 ERC each POW block
= 14400 a day = ~ 5 million a year

POW coins generated the first 10 years

year 0 100+5 = 105
year 1 105+5 = 110
year 2 110+5 = 115
year 3 115+5 = 120
year 4 120+5 = 125
year 5 125+5 = 130
year 6 130+5 = 135
year 7 135+5 = 140
year 8 140+5 = 145
year 9 145+5 = 150

expect 50% of coins locked max duration 12 month
reward 10%

year 0 100+5 = 105+(105*0.5*0.1)
year 1 110+5 = 115+(115*0.5*0.1)
year 2 121+5 = 126+(126*0.5*0.1)
year 3 132+5 = 137+(137*0.5*0.1)
year 4 144+5 = 149+(149*0.5*0.1)
year 5 156+5 = 161+(161*0.5*0.1)
year 6 169+5 = 174+(174*0.5*0.1)
year 7 182+5 = 187+(187*0.5*0.1)
year 8 196+5 = 201+(201*0.5*0.1)
year 9 211+5 = 216+(216*0.5*0.1)

so u have around 225 millions total coins after 10 years
after this 10 years main coin rollout phase i would implement a drastic reduction of rewards

if this project is not in a state that beside coin rollout income other aspects create demand after 10 years then anyway it failed

just a quick brainstorming

and to avoid being playball of mining multipools and heavy jumping mining blocktimes u need to choose a rare mining algo

or u choose a heavy used algo but merge mining then so the mining hashrate stability come from stability hashrate on the algo main coin

intersting people with lot knowledge regadring merged mining coin family is the blakecoin merged mining algo family

---------

btw if someone interested in DMD too
dont miss our 3rd birthday event
https://bitcointalk.org/index.php?topic=580725.msg15324861#msg15324861
and the cloudmining promotion
https://bit.diamonds/community/index.php/topic,148.0.html

thank you, this description helped a lot,
i am quite sure, we are able to match these configurations.

@backbonejb:
Did this also help, to answer your question, or shall i explain more?

I like it!
have fun
Matthias

.

Thanks Cryptonit for this great example.
You answered my question very well.

[Antebellum]

That is a good sound here...yes me way is new for ERC but I think that is a good solution.

I have make lots off tests with the old blockchain and wallet. And the core from ERC is is flawed and we have a many errors in the chain.
Only a few hotfixes from version 2.0.1.0 make it possible that the wallet runs. And i have set for this a function until Block 1 Mio.
The new update 2.0.2.5 extended this function until block 1,2 Mio. This error is a big problem for the chain. Also the switch back to pos not helped.

Which is one of the error (Error).

Code:

ERROR: ConnectInputs() : e48ebdbc54 prev tx already used at (nFile=1, nBlockPos=465270769, nTxPos=465274924)
ERROR: CTxMemPool::accept() : ConnectInputs failed e48ebdbc54
ERROR: ConnectInputs() : 867dd6269e prev tx already used at (nFile=1, nBlockPos=465270769, nTxPos=465274924)
ERROR: CTxMemPool::accept() : ConnectInputs failed 867dd6269e
ERROR: ConnectInputs() : e04e126386 prev tx already used at (nFile=1, nBlockPos=441960160, nTxPos=441960318)
ERROR: CTxMemPool::accept() : ConnectInputs failed e04e126386
ERROR: ConnectInputs() : 2855d7cb6d prev tx already used at (nFile=1, nBlockPos=464660559, nTxPos=464660717)
ERROR: CTxMemPool::accept() : ConnectInputs failed 2855d7cb6d

I think the best and surest is a swap in a new core and hash algo. Erc is currently X11.

Best Regards Christian

well im not yet sure of all the changes that wanna be done, but if there gonna be any im more positive for a clean and easy swap, old wallet has a bit to much problems and fully understand the ones taking it over from someeone else not easy to rearrange all code and make it fit new purpose and  still make it managable. with a swap new (and  planned implementaions) can be handled much easier in  the future as well.

[cryptonit]

i was against a coin swap for a long time

but if i hear about the state of this chain

i see no issue to get rid of it

just make sure u do the coin swap in a way as NOBLE did it when the switched from POW to POS on a new codebase

they made it possible that old private keys work on new chain

and all addresses that did hold coin on old chain where be used on new chain too and started with same balance

this is the optimal coin swap path

endless time to claim ur coins as long as u own the old wallet and u can export the private key from there and import into new wallet

the question if possible stuck coins on mintpal or cryptsy should be deleted in this process i would answer as NO

even bitcoin have most likely million coins stuck in nirvana

thats part of the crypto game and a natural way to make the circulating coins more valuable

[Limx Dev]

i was against a coin swap for a long time

but if i hear about the state of this chain

i see no issue to get rid of it

just make sure u do the coin swap in a way as NOBLE did it when the switched from POW to POS on a new codebase

they made it possible that old private keys work on new chain

and all addresses that did hold coin on old chain where be used on new chain too and started with same balance

this is the optimal coin swap path

endless time to claim ur coins as long as u own the old wallet and u can export the private key from there and import into new wallet

the question if possible stuck coins on mintpal or cryptsy should be deleted in this process i would answer as NO

even bitcoin have most likely million coins stuck in nirvana

thats part of the crypto game and a natural way to make the circulating coins more valuable

I think that is not a problem ...that was also my thought yesterday. I think we need only a little database where each be pubkeys enters.

[cryptonit]

I think that is not a problem ...that was also my thought yesterday. I think we need only a little database where each be pubkeys enters.

if new wallet create keys the same way as old wallet
the priv keys from old wallet can be imported in new wallet and will create the same address or?

then only make a dump of final balance of each address at trigger date X and start the new chain with a transaction to each address with same balance
u dont need to know their private keys to send them coins

if they ever import their old private key and claim their coins should not be our business he have time as long ERC exist

[Limx Dev]

I think that is not a problem ...that was also my thought yesterday. I think we need only a little database where each be pubkeys enters.

if new wallet create keys the same way as old wallet
the priv keys from old wallet can be imported in new wallet and will create the same address or?

then only make a dump of final balance of each address at trigger date X and start the new chain with a transaction to each address with same balance
u dont need to know their private keys to send them coins

if they ever import their old private key and claim their coins should not be our business he have time as long ERC exist

I have wrote pupkeys ^^ not pirvkey.

[szenekonzept]

Great new Blockexplorer for Europecoin
thanks for donation to Metamorphin.

visit: http://chain.blockpioneers.info/erc/explorer.php





b.t.w. we are having an investor (i am about to found another company with another Partner)
We are having some venture capital and will hire developers very soon, first money already arrived and we have just finished our buro and workspace.
Part of the development, this company will engage in, are including  Europecoin and Federated Blockchains.
(both are part of the plan) I am planning to hire those developers exclusively out of the crypto community.
I am watching several projects and of course keep my eyes open around Federated Blockchains, to finds out,
who is engaging the most for the future of Crypto Currency.
We are developing a Federated Blockchains based p2p point of sales cash-system for average merchants with complete altcoin support.
First hardware for the first prototypes already arrived this week too (touchscreen payment terminal barebones for our software).

Because Federated Blockchain (base system) and Europecoin
(together with Bitcoin first ones we advertise, because first sales will be probably in Europe) 
are playing a major role in this concept, we have been able to convince our investors to sponsor these Projects to.

more to come ...

the more silent we are, the more we run .... 4 Europecoin

have fun
Matthias  


.

[BanzaiBTC]

wow calm down   its not finished yet the explorer... will finish up asap... Waiting for this big blockchain to sync with the databases

[szenekonzept]

wow calm down  its not finished yet the explorer... will finish up asap... Waiting for this big blockchain to sync with the databases

Ups to early? Sorry , but nice to have you here,
looks great what you are building. Thank you,

have fun
Matthias

.