Topic: ⚡[ANN]⚡ ▐░Espers [ESP]░▌▐░PoW/PoS░▌▐░HMQ1725 Algo░▌ ▐░New Features░▌ - page 792. (Read 924016 times)
April 15, 2016, 05:58:48 PM
due to the concern of the amount of the giveaway, i purpose that we give out 5% of the premine in giveaways for the next 4 months until the full 20% has been given out. we can come up with different types of giveaways as well. however we will not change anything until we get a community vote. due to the sensitive issue of promising and not delivering coins.
April 15, 2016, 05:47:20 PM
I must say it a perfect launch and love the coin and solo mine it since start.... but the giveaway is really too big indeed. A simple tweet = 100 000 000+ coins?!? vs more than one month of mining 
I propose reduce the giveaway (and burn the coin that are over maybe?)
I propose reduce the giveaway (and burn the coin that are over maybe?)
Let's put it to a vote then?
We could also host several giveaways
thank you for the support
April 15, 2016, 05:45:52 PM
I must say it a perfect launch and love the coin and solo mine it since start.... but the giveaway is really too big indeed. A simple tweet = 100 000 000+ coins?!? vs more than one month of mining
I propose reduce the giveaway (and burn the coin that are over maybe?)
I propose reduce the giveaway (and burn the coin that are over maybe?)
April 15, 2016, 05:40:16 PM
I agree with Vorksholk. Miners will lose interest as soon as they understand that on the 18th April around 300 persons will get 333 Million coins each. For free.
No security = no value
No security = no value
Face Palm Sir... You guys really are concerned over things that aren't even an issue with this project
Also your definition of security is flawed. You would need nearly 90% of the hashing to carry out a successful attack
51% gives you effectively 1% change... Not including the fact that the nodes would kick the attackl clients off the main net
April 15, 2016, 05:38:04 PM
I agree with Vorksholk. Miners will lose interest as soon as they understand that on the 18th April around 300 persons will get 333 Million coins each. For free.
No security = no value
No security = no value
April 15, 2016, 05:37:40 PM
As you know, proof of work is a security mechanism--someone needs to (essentially) match the hashing power of the rest of the network, and then they can freely fork blocks, create double-spends, etc. I know you're planning to implement another security mechanism, "proof of reliability," which I haven't seen explained yet, but understand it as an improvement over proof of stake. But until that's implemented (or even afterwards, depending on your implementation), your network's security only comes from the cost (in servers) of attacking the network.
It's not so much about pushing the chain along to process transactions, but to keep those transactions locked in the chain safely.
We are considering changing up the tactics, however we must be very considerate about it as to not upset the community either, no one will want to wait a year to get their coins. Here's the kicker though. Once we go PoR, your balance will impact what you earn per block like PoS. Just in different manner
Also PoW ends just at over half way of the total count. The rest is PoR. So PoW only takes the chain just over half way
People would probably be perfectly fine with the 100 billion coins paid out over a longer period of time, perhaps for as long as you think it'll take to get new security measures in place.
It's not so much about pushing the chain along to process transactions, but to keep those transactions locked in the chain safely.
100milion is like month+- of mining with mid range CPU. So its not that much after all also. Can you code in wallet to have ICO coins locked in for a like 365 days and then only like 10% gets released and so on.
We are considering changing up the tactics, however we must be very considerate about it as to not upset the community either, no one will want to wait a year to get their coins. Here's the kicker though. Once we go PoR, your balance will impact what you earn per block like PoS. Just in different manner
Also PoW ends just at over half way of the total count. The rest is PoR. So PoW only takes the chain just over half way
People would probably be perfectly fine with the 100 billion coins paid out over a longer period of time, perhaps for as long as you think it'll take to get new security measures in place.
Right however if you've tested a 51% attack like we have it doesn't work very well as 51% gives a CHANCE at messing with the chain which legitimate nodes tthat we hardcode in will immediately reject the attackers. Trust me we have extensively tested an attack on our private network on several test clones. Please advise if I'm missing something as I'm not Einstein but attacking achain is not as easy as it sounds.
April 15, 2016, 05:29:42 PM
April 15, 2016, 05:23:50 PM
CryptoCoderz i would loved the coin if it were not in billions
Oh come now kahir, we thunk you'll still love it. Give it a try. Costs you nothing for the give away.
Billions is due to the fact that as this grows the supply will actually suddenly seem very small. Ibelieve someone actually stated that there would be only ~65 per person in the world. Which isn't Much at all.
April 15, 2016, 05:18:59 PM
CryptoCoderz i would loved the coin if it were not in billions
April 15, 2016, 05:10:30 PM
Just a newbie question here I tweeted your announcement last april 11 and I just wanted to know how to get my rewards? sorry but here's my tweet that day hope you can let me know. many thanks and good luck team
https://twitter.com/shintosai_btc/status/719712357300056064
https://twitter.com/shintosai_btc/status/719712357300056064
Pm us your addy in bitcoin garden or here and we will make sure to include you. Don't post it though in the thread here as that's against the rules
April 15, 2016, 04:43:14 PM
Just a newbie question here I tweeted your announcement last april 11 and I just wanted to know how to get my rewards? sorry but here's my tweet that day hope you can let me know. many thanks and good luck team
https://twitter.com/shintosai_btc/status/719712357300056064
https://twitter.com/shintosai_btc/status/719712357300056064
April 15, 2016, 04:09:30 PM
We see will. sounds interesting
Indeed. The PoR system will encourage users to hold onto their balance. So those who dump will most likely regret it later. Why do you think isaid we won't ever dump.
Explanation to come.
I think people may like to see a spreadsheet containing all the entries in the giveaway.
I'm sure Devs will find a way to make this airdrop fair and not saturate the market.So everyone can chill and wait for devs announcement
I'm sure Devs will find a way to make this airdrop fair and not saturate the market.So everyone can chill and wait for devs announcement
Yes we definitely will prepare a proper list of registrants.
Thank you for understanding our intentions.
April 15, 2016, 04:07:39 PM
I think people may like to see a spreadsheet containing all the entries in the giveaway.
I'm sure Devs will find a way to make this airdrop fair and not saturate the market.So everyone can chill and wait for devs announcement
I'm sure Devs will find a way to make this airdrop fair and not saturate the market.So everyone can chill and wait for devs announcement
April 15, 2016, 04:06:18 PM
We see will. sounds interesting
April 15, 2016, 04:03:16 PM
100milion is like month+- of mining with mid range CPU. So its not that much after all also. Can you code in wallet to have ICO coins locked in for a like 365 days and then only like 10% gets released and so on.
We are considering changing up the tactics, however we must be very considerate about it as to not upset the community either, no one will want to wait a year to get their coins. Here's the kicker though. Once we go PoR, your balance will impact what you earn per block like PoS. Just in different manner
Also PoW ends just at over half way of the total count. The rest is PoR. So PoW only takes the chain just over half way
April 15, 2016, 03:59:56 PM
100milion is like month+- of mining with mid range CPU. So its not that much after all also.
April 15, 2016, 03:50:19 PM
April 15, 2016, 03:45:43 PM
April 15, 2016, 03:44:51 PM
If 1 satoshi is too expensive then it can always be listed on the cryptopia LTC market. It's pretty good over there. I often buy those coins.
April 15, 2016, 03:44:28 PM
Just enrolled.
Looking forward to it.
Looking forward to it.
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