Topic: [ANN] Androids Tokens v2.0 [Proof of Stake] - page 44. (Read 115869 times)

We are not the same person and not working together.

I think Phelps has the right idea.

Seems obvious to me Phelps, tx42 and saveADT are all working together (possibly even the same person)

Gentlemen,

ADT is not property that belongs to one person, party, or group. ADT belongs to all of the people/parties/groups that have interest in the coin, and personally I believe that we all need to take a step back from the arguments and realize that what we need right now is for ADT to become 100% functional, with working stake, a new wallet with modern features (coin control), and last but not least, ADT needs it's community to allow any individual who shows credible intent to fix the coin within a clear and established time period to DO JUST THAT - Fix The Coin.

And, right now there is a clear and legitimate initiative to Fix The Coin coming from a user with past experience fixing coins (Blade) and improving working coins (NRS), and as a result these coins have enjoyed very positive community feedback and a significant increase in trade value.

I am not knowledgeable in the ways of code, but from what I can see here I believe that  tx42  deserves to see the repository and also deserves a little more compassion and trust from you, zackclark. tx42 is confident he can turn this ship in the right direction within a matter of a day and a half -- for the sake of ADT, you should really consider letting him help you help ADT. A+B=C=working coin and we all are winners HOORAY !

   It is time for construction talks and transparency with the repo and code. Let's get ADT to where we all know it should be!!!!

Ready, go!!

I'll work with the present team if possible. But if it comes down to it, I'll push out my own version of the coin.

However, unless Zack's coins are provably ill-begotten, I'm not going to block anyone's coins, for any amount of compensation.

please take over ADT I will personally pay you 250,000,000 ADT to do so

in return all you need to do is block zackclark70s 2+ bill coins from the blockchain

I'm not trying to force anyone out. I want to put in a fix. That's it. Read my PMs again.

I've requested a look at the working repo several times. If I saw a fix in there that would work, I would have disappeared already.

Where's the repo?

you might be fully capable but trying to take over just because I said that I didn't need your help at this time as the patch is nearly complete is not the way to go about it if you really want to take over I would suggest you start a thread and gain support before you try and force me out   

Outing me instead of communicating on the backchannels isn't going to help ADT.

Cryptsy will go with a functioning network in the end.

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What's funny is that I don't think that those who have invested in ADT will see my PMs as negative as you do.

I think they will see someone who is genuinely interested and capable of saving this coin.


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Also, after I'm done fixing it, feel free to merge my changes back into your own repo. I'm not trying to take over ADT. I'm going to fix it and then I will be done.

It is now clear to me the intentions of SAVE ADT and the alt accounts that keep giving me hassle over pm

Just a warning to the users of ADT that tx42 is not part of the ADT DEV team and is not working with me and anything he does is not supported by me

and a warning to tx42 that cryptsy will stay on the official update that will be completed by mullick and they do not tolerate hostile takeovers 

No!!!!!!!! That's not how staking works! If the rate is set at 2.5%, then the inflation is 2.5% APR, with compounding roughly at the stake rate.

You have to set the rate at 54.44% to get 54.44% APR!!!!

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If you are worried about that level of inflation, then you are safe to set the rate at 5%. Then you'll get roughly 5% APR + compounding. If the stake rate is 15 days with a 30 day full weight, then expect a compounding period to be 22.5 days or so. So your realized rate will only be 0.308% per period.

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In this latter example, the effective APR after compounding would be barely above 5% (5.12%, to be nearly exact).

2.5% every 15 days for 6months then 2% every 15 days the 6 months after if you stake the interest each time you will gain 54.44% over the next 12 months 

( the stake is changing from 0.05%/ 15 days to 2.5%/ 15 days due to user demand )

How do you arrive at an APR of 54.44% from an APR of 2.5%?

That's simply not true.

Bladecoin went from PoW/PoS (with lots of problems) to PoS only. It hasn't had a problem in a month.

Pure PoS is a proven concept that works. Look at results!

https://cryptocointalk.com/topic/4178-blade-now-only-proof-of-stake-available-on-xnigma-formerly-avail-cryptorush-final-version

Zeit: pure PoS, no problems: https://bitcointalksearch.org/topic/zeit-community-knights-ultra-low-inflation-micro-payments-487814

Mint: pure PoS, no problems: https://bitcointalksearch.org/topic/ann-mint-mintcoin-pos-5-no-ico-fair-distro-community-maintained-450381

Good point, it was bad enough having to swap from v1 to v2. Anything that results in having to swap to v3 would destroy this coin.

the op will be updated to the new settings when the patch is out that changes them as the settings in the op is correct at this time

over the last few days there has been a huge demand to change some of the core ADT code that includes the POW , POS and total coins

over the next 12 months there well be a maximum of 54.44% more coins generated by POS

POW will add another 2% onto that

being pure POS with no POW is an unproven concept that has net been tested as well as the POW/POS code I would like to do some of the things the newer coins are doing but I would rather they make the mistakes first and then when ADT adopts those things there will be less of a risk of doing something that will brake ADT or damage it in the future

originally ADT v1 was meant to have 180 bill total coins so we will not be hitting that number any time soon ( I will calculate the total coins and what not before the patch that changes the settings takes affect as at this time I only have an estimate )

 lowering the stake time is a good idea and I would like to do it in the future but at this time I don't feel that its been tested as well as it should have I am not risking using unproven settings

Wait, is this coin PoW/PoS or just PoS? Something isn't right on the OP, then: "[ANN] Androids Tokens v2.0 [Proof of Stake] [very low inflation]".

Is it 1 coin per block PoW, or what?

What does this mean: "Total coins 66,800,000,000  + 1.2% / year max"? Is that the PoW inflation or the PoS inflation, because PoS is supposed to be 2.5%.

This coin won't be a good investment if miners are minting coins hand over fist at low difficulty. Too many coin devs think that crazy mining helps a coin. It only hurts because the inflation is unreasonable relative to the work invested by the miners. There should be a balance and then mining should be discontinued when it isn't needed any more, as soon as possible. It is a point of attack and many coins have suffered.

Look at coin2. How did it fix it's vulnerabilities? It went to pure PoS. Problem solved. PoW is a security burden if it is not needed.

Finally: The idea to have short staking times is fine. The actual APR doesn't change by modifying the stake times. Take a lesson from blackcoin. It forces users to keep their wallets open and secure the network. Don't be fixated on an ideology. Look at results.

cryptsy is on the v2 block chain I am awaiting a reply from them to find out if tx are paused do the the current issue once I know I will let everyone know

It's still unclear. Is cryptsy on the ADT 2.0 block chain or not?

That is, if I buy ADT from cryptsy, will it transfer to my 2.0 wallet?

the first adt2 block was on 2014-02-17 23:17:01 I said it will be a minimum of 6 months minimum before the coins are destroyed or used for what users want so you have plenty of time I will probably extend it by a month or 2 as this issue slowed things down

I have not swapped mine over yet since there has been issues with adt1 syncing and the swap server being off line, the coins there can not have anything done with them until they are switched over.