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Author Topic: [ANN] BitBean is Now Bean Cash | First v3 POS | First 20MB Max Blocks | 3+ Yrs.  (Read 244823 times)
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March 07, 2016, 11:08:16 AM
 #1261

I would like to open a discussion about Bitbean´s block reward, i really like this coin and this community, i really want this coin to be a succesfully coin, but in my opinion create daily 1.4 millions of coins is killing the coin value, why not low the reward to some lower quantity like 100 coins or 10 coins per block?, i think if we dont do something about it, we will find Bitbean price at one satoshi level before 2017, please let me know your thinking about it
in my opinion, the bitbean´s block reward is perfectly, better than other coins. a discussion about the reward is boring.  Smiley

only if the block time reduced would i prefer a smaller block reward. exemple 10sec -> 100bitb, but such a small block time is a little bit difficult from the technical view. (orphan blocks and so on)
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March 07, 2016, 11:54:54 AM
 #1262

I would like to open a discussion about Bitbean´s block reward, i really like this coin and this community, i really want this coin to be a succesfully coin, but in my opinion create daily 1.4 millions of coins is killing the coin value, why not low the reward to some lower quantity like 100 coins or 10 coins per block?, i think if we dont do something about it, we will find Bitbean price at one satoshi level before 2017, please let me know your thinking about it
in my opinion, the bitbean´s block reward is perfectly, better than other coins. a discussion about the reward is boring.  Smiley

only if the block time reduced would i prefer a smaller block reward. exemple 10sec -> 100bitb, but such a small block time is a little bit difficult from the technical view. (orphan blocks and so on)

I would agree that the block reward is perfect, at least the spec. of 1.4M a day. BitBean has one of the strongest PoS networks out there, with consistently 75%+ of available supply staking. This is very important for a PoS crypto to maintain security of the network. The issue is not the reward structure, but the demand and use for Bitbean in the marketplace. Building a marketplace that creates a demand for using Bitbean is what needs to be done.

There will be an adjustment in the difficulty algorithm and other updates to fine tune block times and get them closer to spec. (1 Minute). With this change you will see a reduction of actual rewards in order to improve the spec. From many technical perspectives, especially with a maximum block size of 20MB, we do not want shorter block times, as this will cause real problems when block sizes start getting larger.

We will likely be adopting Segregated Witness in a future release (v1.X). V2.0 will have some proposed significant changes to allocation of block rewards by the network. Specifically a new algo will be introduced, called PoTs (Proof of Transaction Sprouts) to encourage velocity of the currency, further adding to Bitbean as a Transaction-centric digital currency. PoTs will allow smaller wallets to have a more active role in the network and receive more SPROUTs.

Best Regards,

Shawn Kent (aka Bitbeaner)
Project Manager & Lead Developer
Bean Core, Team Bean, BitBean
www.bitbean.org


"Bean Cash..More Than Digital Cash"  www.beancash.org
Join Team Bean on our own hosted Live Chat & Collaboration Platform:  https://live.beancash.org
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March 07, 2016, 01:41:27 PM
 #1263

Thank You Team Bean and Community for making Cryptopia happen BitBean well Donated!
This might not be much but anything that will help interest more here is much appreciated
example  multifaucet.tk/index.php?faucet=BITB 90% of Donation is me now at 10bitb I would like 2 make it
100bitb but I need 1mil. If I get lucky Ill reward our members more!
Good Luck and may the Universe bring you Health and Peace
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March 07, 2016, 06:39:50 PM
 #1264

I would like to open a discussion about Bitbean´s block reward, i really like this coin and this community, i really want this coin to be a succesfully coin, but in my opinion create daily 1.4 millions of coins is killing the coin value, why not low the reward to some lower quantity like 100 coins or 10 coins per block?, i think if we dont do something about it, we will find Bitbean price at one satoshi level before 2017, please let me know your thinking about it
in my opinion, the bitbean´s block reward is perfectly, better than other coins. a discussion about the reward is boring.  Smiley

only if the block time reduced would i prefer a smaller block reward. exemple 10sec -> 100bitb, but such a small block time is a little bit difficult from the technical view. (orphan blocks and so on)

I would agree that the block reward is perfect, at least the spec. of 1.4M a day. BitBean has one of the strongest PoS networks out there, with consistently 75%+ of available supply staking. This is very important for a PoS crypto to maintain security of the network. The issue is not the reward structure, but the demand and use for Bitbean in the marketplace. Building a marketplace that creates a demand for using Bitbean is what needs to be done.

There will be an adjustment in the difficulty algorithm and other updates to fine tune block times and get them closer to spec. (1 Minute). With this change you will see a reduction of actual rewards in order to improve the spec. From many technical perspectives, especially with a maximum block size of 20MB, we do not want shorter block times, as this will cause real problems when block sizes start getting larger.

We will likely be adopting Segregated Witness in a future release (v1.X). V2.0 will have some proposed significant changes to allocation of block rewards by the network. Specifically a new algo will be introduced, called PoTs (Proof of Transaction Sprouts) to encourage velocity of the currency, further adding to Bitbean as a Transaction-centric digital currency. PoTs will allow smaller wallets to have a more active role in the network and receive more SPROUTs.

Best Regards,

Shawn Kent (aka Bitbeaner)
Project Manager & Lead Developer
Bean Core, Team Bean, BitBean
www.bitbean.org

I like the block reward, I wouldn't change anything there.


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March 08, 2016, 05:21:32 AM
 #1265



Bitbean (BITB) is now listed on Cryptopia Exchange platform:  

https://www.cryptopia.co.nz/Exchange/?market=BITB_BTC



"Bean Cash..More Than Digital Cash"  www.beancash.org
Join Team Bean on our own hosted Live Chat & Collaboration Platform:  https://live.beancash.org
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March 08, 2016, 08:25:17 AM
 #1266



Bitbean (BITB) is now listed on Cryptopia Exchange platform:  

https://www.cryptopia.co.nz/Exchange/?market=BITB_BTC



good work dev  Smiley

Numismatic indonesia
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March 08, 2016, 11:11:35 AM
 #1267





Our New Forum on Cryptopia is:  
https://www.cryptopia.co.nz/Forum/Thread/583

Also, we will be among a select few other coins, that will be integrated into their direct chat tipping system - soon

[EDIT:  Bitbean is now integrated into their Chat Tipping System. Have some fun and share some Bitbean with some new potential Beaners!]




"Bean Cash..More Than Digital Cash"  www.beancash.org
Join Team Bean on our own hosted Live Chat & Collaboration Platform:  https://live.beancash.org
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March 08, 2016, 10:47:34 PM
 #1268



Bitbean is now integrated into Chat Tipping System.
Have some fun and share some Bitbean with some new potential Beaners!


booyah!  BEAN!
congrats now you're cooking with grease Wink

                ▄██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
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─────────────────
Revolutionized.  ──


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.WHITEPAPER.
ANN Thread
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  ─────────────  Join
SMARC token ICO

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March 09, 2016, 11:34:16 PM
 #1269

helo there i want some beans  send there some  --->>  2U5suxnBKWj6aPiVikXSdC7V67ir5UNLPC     tnx   Huh
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March 10, 2016, 12:05:52 AM
 #1270



Bitbean is now integrated into Chat Tipping System.
Have some fun and share some Bitbean with some new potential Beaners!


booyah!  BEAN!
congrats now you're cooking with grease Wink


Now everyone go in there and Tip the hell out of the place!  Grin

"Bean Cash..More Than Digital Cash"  www.beancash.org
Join Team Bean on our own hosted Live Chat & Collaboration Platform:  https://live.beancash.org
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March 10, 2016, 07:37:15 PM
 #1271

I'm getting some reports of users getting locked out of their account on Cryptopia (without being given a reason or warning), if  anyone else is having this issue, please let me know:  admin@bitbean.org

"Bean Cash..More Than Digital Cash"  www.beancash.org
Join Team Bean on our own hosted Live Chat & Collaboration Platform:  https://live.beancash.org
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March 11, 2016, 09:01:24 AM
 #1272

I'm getting some reports of users getting locked out of their account on Cryptopia (without being given a reason or warning), if  anyone else is having this issue, please let me know:  admin@bitbean.org

Please Quote the Source of said details, so we can avoid hearsay.


 Cool

FYI:
One reason I asked, is CryptoDatabase, Jagrapolite5, TronRex and a few others have been carrying on with a smear campaign for months saying that exact line, if one of them are the source , I know it is ok to disregard it.

FYI2:
My personal use of Cryptopia , I am having no problems and it is working normally.  Smiley
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March 11, 2016, 09:09:29 AM
 #1273

Anyone that needs it can get a Current BitBean Bootstrap.dat (dated 2016-3-10) from my new bootstrap service at
https://bitcointalk.org/index.php?topic=1378653.msg14024451#msg14024451       Smiley

This Bootstrap service is basically free, we would appreciate it if the people running the OPs would place a link to us , that frees them from the tedious work of keeping a bootstrap updated where they can focus their time on more important matters, and in exchange we will update their Bootstrap on a monthly basis.


 Cool
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March 11, 2016, 04:46:35 PM
 #1274

http://cryptochainer.com/
Bootstrap Service
pretty sure they will keep an up-to-date strap for donating just a few BEANS

(but for redundancy if kiklo has a service support it also!)

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─────────────────
Revolutionized.  ──


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.WHITEPAPER.
ANN Thread
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██
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██ █
██ █
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March 12, 2016, 03:01:40 AM
 #1275

http://cryptochainer.com/
Bootstrap Service
pretty sure they will keep an up-to-date strap for donating just a few BEANS

(but for redundancy if kiklo has a service support it also!)

Big Difference,
My Free BitBean Bootstrap.dat works,
https://bitcointalk.org/index.php?topic=1378653.msg14024451#msg14024451

Cryptochainer.com Quit making a bootstrap.dat and is just copying some of the blockchain files ,
which does not work and will give this error :

Error initializing database enviroment .


 Cool
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March 12, 2016, 09:48:20 PM
 #1276

is there a conf for stake ?
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March 13, 2016, 08:23:00 PM
 #1277

is there a conf for stake ?

in BitBean.conf:

-sprout (default 1)

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March 15, 2016, 09:45:50 PM
 #1278

is there a conf for stake ?

in BitBean.conf:

-sprout (default 1)

Is this off by default?
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March 16, 2016, 12:22:34 PM
 #1279

Thanks to Zequinha and I you can now get 100 bitb free @ multifaucet.tk/index.php?faucet=BITB
Tip in Cryptopias troll box, have fun and enjoy Life!!
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March 16, 2016, 02:16:41 PM
 #1280

is there a conf for stake ?

in BitBean.conf:

-sprout (default 1)

Is this off by default?

1=ON (in Binary, 0=off, 1=on)

So default is On

"Bean Cash..More Than Digital Cash"  www.beancash.org
Join Team Bean on our own hosted Live Chat & Collaboration Platform:  https://live.beancash.org
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