We are working on Asiacoin source code improvements
we have ready to launch system alerts included into a wallet
would like to submit for discussion another important topic
maximum stake age
as we know, maximum stake age had been coded as 10 years in April, 2014
it has passed without changes in Micryon source code
now it stays at
https://github.com/AsiaCoin/AsiaCoinFix/blob/master/src/main.cpp#L51
in April, 2014 ( fourteen months ago - an eternity in crypto ) nobody was asking any question about ratio of minimum stake age 2 weeks
to maximum stake age around 520 weeks ( ratio 1:365 )
nowadays, it is absolutely certain that such an ratio is an absurd Where da fuck did you read that?
whole idea of POS is to suppport a coin network by staking.
accepting 10 years max stake age does not support Asiacoin network at all and it is very bad for Asiacoin network security
nowadays it is widely accepted that this ratio : minimum stake age to maximum stake age should be anywhere between 2 to 10
for network security, and optimum ratio should be 3 to 4 .
- What?? who agreed that?? when??
changing maximum stake age involves a hard fork of Asiacoin
as to community acceptation of limiting max stake age : we can with big probability assume that staking majority ( around 80% of Asiacoin holders are staking more or less regularly - visible in explorer ) will support limiting max stake age, and not-staking sleeping minority of around 20% would be not satisfied with this change
- What kind of propaganda is this?? why you ask for opinion while you said what my opinion should be ??
we would like to ask all holders of Asiacoin to comment here and submit ideas as to proposed option of limiting max stake age by a hard fork
we would suggest optimum max stake age as four times minimum stake age that is 8 weeks.
Still reasonable would be six times minimum stake age that is 12 weeks.
we have ready to launch system alerts included into a wallet
would like to submit for discussion another important topic
maximum stake age
as we know, maximum stake age had been coded as 10 years in April, 2014
it has passed without changes in Micryon source code
now it stays at
https://github.com/AsiaCoin/AsiaCoinFix/blob/master/src/main.cpp#L51
in April, 2014 ( fourteen months ago - an eternity in crypto ) nobody was asking any question about ratio of minimum stake age 2 weeks
to maximum stake age around 520 weeks ( ratio 1:365 )
nowadays, it is absolutely certain that such an ratio is an absurd Where da fuck did you read that?
whole idea of POS is to suppport a coin network by staking.
accepting 10 years max stake age does not support Asiacoin network at all and it is very bad for Asiacoin network security
nowadays it is widely accepted that this ratio : minimum stake age to maximum stake age should be anywhere between 2 to 10
for network security, and optimum ratio should be 3 to 4 .
- What??
who agreed that?? when?? changing maximum stake age involves a hard fork of Asiacoin
as to community acceptation of limiting max stake age : we can with big probability assume that staking majority ( around 80% of Asiacoin holders are staking more or less regularly - visible in explorer ) will support limiting max stake age, and not-staking sleeping minority of around 20% would be not satisfied with this change
- What kind of propaganda is this?? why you ask for opinion while you said what my opinion should be ??
we would like to ask all holders of Asiacoin to comment here and submit ideas as to proposed option of limiting max stake age by a hard fork
we would suggest optimum max stake age as four times minimum stake age that is 8 weeks.
Still reasonable would be six times minimum stake age that is 12 weeks.
The whole idea you propose is absurd. More people staking when you reduce the max staking age?? Maybe what should be proposed is a reduction of the min staking age!!!!
in your text a lot of shouting but no single piece of information
could you provide any data as :
-do you know with other coins how much is the ratio minimum stake age to maximum stake age
-your proposal : how much smaller minimum stake age should be?
most likely, you follow closely a lot of different coins so this answer will be easy
list of minimum stake age / maximum stake age for high stake coins
numbers as */* = min stake age/max stake age
Battlecoin (BCX) – 50% per year + 10 day minimum stake age /20 day maximum stake age
Tekcoin (TEK) – 500% 30/90
Bottlecaps (CAP) – 100% 30/90
Diamond (DMD) 50% 7/30
HoboNickels (HBN) - 100% 10/30
Mintcoin (MINT) – 20% 20/40
Novacoin (NVC) - 100% 30/90
Philosopherstone (PHS) – 50% 5/10
will add more hi-stake coins to this list
anybody knows high stake coins ( over 20% per year POS ) - please add to this list !
