[ANN] [DIEM] CarpeDiemCoin Ҩ Halves Daily Ҩ 48 Seconds for FULL CONFIRMATION - page 2.

andyatcrux

legendary

Activity: 938

Merit: 1000

Quote from: Carpe Diem Coin on March 24, 2014, 05:13:17 PM

That would still raise the total amount of coins, even if I were to "destroy" them, they would still be in the code. Transaction fees recirculate the already existing coins, keeping the max amount the same

Right now the transaction fee is like 0.0003 when you send 1,000,000, so raising it wouldn't make much of a difference for the senders. Right now it's basically a non existent amount

Thanks for the response, I am not really one to be giving technical advice about a coin. More of a "what if" without really knowing the logistics.

Carpe Diem Coin

jr. member

Activity: 56

Merit: 10

Quote from: tripppn on March 24, 2014, 05:45:18 PM

Quote from: iGotSpots on March 24, 2014, 05:42:01 PM

Quote from: tripppn on March 24, 2014, 05:29:23 PM

Quote from: apmapm12 on March 24, 2014, 04:47:20 PM

Wow we really got to get ppl buying it for BTC.

We might be able to start a buying frenzy with that info in the trollbox

Probably. Especially since someone just ate the first sell wall. Two more then clear sailing for a while

I moved some coin over to cryptoaltex and put it up for sale. Just enough to recoup every btc I used to buy diem and the rest will be house money =)

So should we announce it? Move your coin over there and for sale if you want to beat the rush.

I think it will make people buy on Poloniex and send to the BTC market, which is good to get more volume and increase the price

tripppn

hero member

Activity: 756

Merit: 500

Quote from: iGotSpots on March 24, 2014, 05:42:01 PM

Quote from: tripppn on March 24, 2014, 05:29:23 PM

Quote from: apmapm12 on March 24, 2014, 04:47:20 PM

Wow we really got to get ppl buying it for BTC.

We might be able to start a buying frenzy with that info in the trollbox

Probably. Especially since someone just ate the first sell wall. Two more then clear sailing for a while

I moved some coin over to cryptoaltex and put it up for sale. Just enough to recoup every btc I used to buy diem and the rest will be house money =)

So should we announce it? Move your coin over there and for sale if you want to beat the rush.

iGotSpots

legendary

Activity: 2548

Merit: 1054

CPU Web Mining 🕸️ on webmining.io

Quote from: tripppn on March 24, 2014, 05:29:23 PM

Quote from: apmapm12 on March 24, 2014, 04:47:20 PM

Wow we really got to get ppl buying it for BTC.

We might be able to start a buying frenzy with that info in the trollbox

Probably. Especially since someone just ate the first sell wall. Two more then clear sailing for a while

tripppn

hero member

Activity: 756

Merit: 500

Quote from: apmapm12 on March 24, 2014, 04:47:20 PM

Wow we really got to get ppl buying it for BTC.

We might be able to start a buying frenzy with that info in the trollbox

Carpe Diem Coin

jr. member

Activity: 56

Merit: 10

That would still raise the total amount of coins, even if I were to "destroy" them, they would still be in the code. Transaction fees recirculate the already existing coins, keeping the max amount the same

Right now the transaction fee is like 0.0003 when you send 1,000,000, so raising it wouldn't make much of a difference for the senders. Right now it's basically a non existent amount

andyatcrux

legendary

Activity: 938

Merit: 1000

That sound more complicated than my idea to idea to just destroy the transaction fee rewards resulting in deflation with the dwindling supply, and then once a year on the anniversary of the coin have proof of work rewards go up dramatically to replenish the destroyed supply. I am sure that the dev. will and has carefully considered what the end of the rewards would do. It does seem that maybe stopping at 500 or where-ever we are at would be possible, but I don't know if it would make any difference.

apmapm12

sr. member

Activity: 322

Merit: 250

Quote from: andyatcrux on March 24, 2014, 04:56:22 PM

wow, that is nuts. mine2slow was the one giving the death-threats. They are right here in this thread. Anyhow, we just keep encouraging him by acknowledging it. Someone can add a trust rating and reference the exchange by linking to the posts where the threats were made.

What do u think of this?

Wow we really got to get ppl buying it for BTC.

Was wondering if the miners that originally mined this got so much in day one. Y don't we all work together and get a couple mill if not more DIEM. And have the dev put them back into the wild for when there is no more blocks. That way no increased transaction fees and we can put them out at lowered amounts to the miners but high enough to keep ppl mining and also not to scare ppl away from buying or investing. I'm not a miner i've just pretty well bought most of mine or got some for helping with give aways. But i'm willing to donate 1 mill maybe we can get more ppl to do this?

andyatcrux

legendary

Activity: 938

Merit: 1000

wow, that is nuts. mine2slow was the one giving the death-threats. They are right here in this thread. Anyhow, we just keep encouraging him by acknowledging it. Someone can add a trust rating and reference the exchange by linking to the posts where the threats were made.

apmapm12

sr. member

Activity: 322

Merit: 250

Quote from: iGotSpots on March 24, 2014, 04:50:00 PM

Quote from: andyatcrux on March 24, 2014, 04:30:24 PM

Aren't there coins that just destroy "coin days" upon transacting as a form of proof of stake that both parties involved hold? I think this is a proposed idea if not one already in effect, by I am no developer. I am probably just describing proof of stake in general. I just thought there was a way to do it without rewards being dispersed to wallets or people actually holding the coin.

Doing that would just speed up time between pos blocks. This is the kind of thing that ends up in nasty network wide forks. I suggest staying away from POS if at all possible

Lol nice trust remarks. Mine2slow said u are giving death threats??? lol to funny must be a way to have those removed.

andyatcrux

legendary

Activity: 938

Merit: 1000

In that case it would probably be a bad idea to just destroy the transaction fee rewards resulting in deflation with the dwindling supply, and then once a year on the anniversary of the coin have proof of work rewards go up dramatically to replenish the destroyed supply.

iGotSpots

legendary

Activity: 2548

Merit: 1054

CPU Web Mining 🕸️ on webmining.io

Quote from: andyatcrux on March 24, 2014, 04:30:24 PM

Aren't there coins that just destroy "coin days" upon transacting as a form of proof of stake that both parties involved hold? I think this is a proposed idea if not one already in effect, by I am no developer. I am probably just describing proof of stake in general. I just thought there was a way to do it without rewards being dispersed to wallets or people actually holding the coin.

Doing that would just speed up time between pos blocks. This is the kind of thing that ends up in nasty network wide forks. I suggest staying away from POS if at all possible

apmapm12

sr. member

Activity: 322

Merit: 250

Wow we really got to get ppl buying it for BTC.

Was wondering if the miners that originally mined this got so much in day one. Y don't we all work together and get a couple mill if not more DIEM. And have the dev put them back into the wild for when there is no more blocks. That way no increased transaction fees and we can put them out at lowered amounts to the miners but high enough to keep ppl mining and also not to scare ppl away from buying or investing. I'm not a miner i've just pretty well bought most of mine or got some for helping with give aways. But i'm willing to donate 1 mill maybe we can get more ppl to do this?

andyatcrux

legendary

Activity: 938

Merit: 1000

Quote from: Aur3 on March 24, 2014, 04:38:31 PM

I dunno what but at cryptoaltex people are buying at 1 btc satoshi already, not big volume but like 0.40BTC today there is.

Yup that is over 35 latoshi's right there and over 70 at 2 satoshi. Getting movement on BTC trading would be big.

Aur3

sr. member

Activity: 378

Merit: 250

Embrace change

I dunno what but at cryptoaltex people are buying at 1 btc satoshi already, not big volume but like 0.40BTC today there is.

andyatcrux

legendary

Activity: 938

Merit: 1000

Aren't there coins that just destroy "coin days" upon transacting as a form of proof of stake that both parties involved hold? I think this is a proposed idea if not one already in effect, by I am no developer. I am probably just describing proof of stake in general. I just thought there was a way to do it without rewards being dispersed to wallets or people actually holding the coin.

Carpe Diem Coin

jr. member

Activity: 56

Merit: 10

Quote from: andyatcrux on March 24, 2014, 04:19:44 PM

Quote from: Carpe Diem Coin on March 24, 2014, 04:02:42 PM

Quote from: andyatcrux on March 24, 2014, 03:55:30 PM

Quote from: Carpe Diem Coin on March 24, 2014, 03:51:49 PM

The only fair option is raising transaction fees when mining hits 0, which I already suggested in our PM's. Otherwise it ruins the entire idea

This is the most likely scenario that will happen when rewards hit 0, otherwise we are artificially raising the max coins, which eliminates the whole point of daily halving

So transaction fees as proof of stake to maintain the network?

Well it wouldn't be proof of stake, those are different than proof of work blocks. You would basically just get paid the transaction fees with POW blocks for processing the transactions. POS breaks more coins than it helps when the different types of blocks get intermingled

Sidenote: Only 3 small walls on the sell side before the price can jump big time. DIEM also still has the highest LTC trading volume and over 1/3 of the total LTC trading. Not sure why you think there is such little interest. It's just not a high traffic exchange, is all. Don't forget there will be a lot more transactions once Paysha is live and there are multiple exchanges with active trading, due to arbitrage transferring

Got it, I misunderstood. So mining will continue with TX fees as the awards. I thought mining might be ending completely.

If mining stops, then no coins would ever move. Even coins that are only POS still need mining to process those blocks

Basically...if nobody is mining, there will never be any confirmations of sent coins, whether it is POW, POS, or POW/POS

Raising transaction fees would result in blocks rewarding a base of 0 + fees (since we would only raise fees once reward is already at 0)

andyatcrux

legendary

Activity: 938

Merit: 1000

Quote from: Carpe Diem Coin on March 24, 2014, 04:02:42 PM

Quote from: andyatcrux on March 24, 2014, 03:55:30 PM

Quote from: Carpe Diem Coin on March 24, 2014, 03:51:49 PM

The only fair option is raising transaction fees when mining hits 0, which I already suggested in our PM's. Otherwise it ruins the entire idea

This is the most likely scenario that will happen when rewards hit 0, otherwise we are artificially raising the max coins, which eliminates the whole point of daily halving

So transaction fees as proof of stake to maintain the network?

Well it wouldn't be proof of stake, those are different than proof of work blocks. You would basically just get paid the transaction fees with POW blocks for processing the transactions. POS breaks more coins than it helps when the different types of blocks get intermingled

Sidenote: Only 3 small walls on the sell side before the price can jump big time. DIEM also still has the highest LTC trading volume and over 1/3 of the total LTC trading. Not sure why you think there is such little interest. It's just not a high traffic exchange, is all. Don't forget there will be a lot more transactions once Paysha is live and there are multiple exchanges with active trading, due to arbitrage transferring

Got it, I misunderstood. So mining will continue with TX fees as the awards. I thought mining might be ending completely.

apmapm12

sr. member

Activity: 322

Merit: 250

Quote from: tripppn on March 24, 2014, 04:14:27 PM

39 is the next BIG resistance point once we get past 9

Moving on up! that island is getting closer

tripppn

hero member

Activity: 756

Merit: 500

39 is the next BIG resistance point once we get past 9

Topic: [ANN] [DIEM] CarpeDiemCoin Ҩ Halves Daily Ҩ 48 Seconds for FULL CONFIRMATION - page 2. (Read 90001 times)