[ANN] Exclusive Coin - Cryptsy/Bittrex, CAT bot, Loads of News! - page 25.

Crestington

legendary

Activity: 882

Merit: 1024

Quote from: VeritasSapere on April 24, 2015, 09:21:34 PM

Quote from: Crestington on April 24, 2015, 07:30:16 AM

Quote from: VeritasSapere on April 24, 2015, 06:58:57 AM

Quote from: Crestington on April 23, 2015, 11:06:35 PM

Quote from: kingscrown on April 23, 2015, 10:07:00 PM

Quote from: VeritasSapere on April 23, 2015, 01:57:58 PM

Quote from: kingscrown on April 23, 2015, 12:10:55 AM

after speaking with many devs - EXCL will not be an rabbit tester of 20mb blocks.
we will let BTC do that first, then we will decide moving into that or not.

EXCL project is too big and too important to be a tester of such grounds.

on the other hand, ByronP and me are doing good working on "cryptoebay" so stay chilled and just hold your coins and support.

All good, yeah it was just a crazy idea. As was said before the block limit we have now is unlikely to be ever filled anyway. You also make a good point that EXCL should not be the one experimenting with new technologies. Allow other coins to do that and when the waters have been tested we can always still adopt those features in the future.

all good, please take community ideas, bring tchem to me and lets do it.

surly PoW reward will decrase on the fork since this is why we are loosing on price.

on the other hand me and ByronP of Banx.io ar working on best "ebay alike" marketplace you have seen.

KC.

I think you should just get rid of POW, isn't it a risk to have a low POW reward with POS? Then again a low percentage POS reward also encourages people to just leave their Coins on the exchange which also weakens security.

That is why the reduction of POW i have suggested is a relatively low reduction, so that it does not compromise the security of the EXCL blockchain. POW is also good for distribution, and it brings new people to Exclusive Coin. I actually discovered EXCL myself when looking for a new coin to mine. It also seems like there are some people who do not want POW removed entirely, as you can see from their comments earlier in this thread. That is why i thought moderately decreasing POW would be a good compromise and a good middle ground that should keep everyone happy. I also do agree with the previous comment about the price being determined by demand and its relation to inflation. I suspect that many of us here are just sitting on our hands waiting for the release of the upcoming market. For any newcomers out there, the best time to buy is during a ATL that logic has served me well in crypto.

Well you can change it however you want with a majority so long as everyone is alright with the change, might be an idea to set a time like every 6 months or so as a review for changes. I wasn't really arguing either way, I think there can be lots of solutions that can work.

I agree that there can be a lot of solutions that can work. I would not mind reviewing the changes every six months either. A less radical change like i am suggesting is most likely to keep the highest amount of people happy as well. We can always go full POS in the future if that is what the majority of the community wants.

So what is it again that you were thinking of for the changes?

Seems like you guys know what you want so you can now take all that and put it into one place, then you can make more decisions to tweak it further based on that.

VeritasSapere

hero member

Activity: 546

Merit: 500

Quote from: Crestington on April 24, 2015, 07:30:16 AM

Quote from: VeritasSapere on April 24, 2015, 06:58:57 AM

Quote from: Crestington on April 23, 2015, 11:06:35 PM

Quote from: kingscrown on April 23, 2015, 10:07:00 PM

Quote from: VeritasSapere on April 23, 2015, 01:57:58 PM

Quote from: kingscrown on April 23, 2015, 12:10:55 AM

after speaking with many devs - EXCL will not be an rabbit tester of 20mb blocks.
we will let BTC do that first, then we will decide moving into that or not.

EXCL project is too big and too important to be a tester of such grounds.

on the other hand, ByronP and me are doing good working on "cryptoebay" so stay chilled and just hold your coins and support.

All good, yeah it was just a crazy idea. As was said before the block limit we have now is unlikely to be ever filled anyway. You also make a good point that EXCL should not be the one experimenting with new technologies. Allow other coins to do that and when the waters have been tested we can always still adopt those features in the future.

all good, please take community ideas, bring tchem to me and lets do it.

surly PoW reward will decrase on the fork since this is why we are loosing on price.

on the other hand me and ByronP of Banx.io ar working on best "ebay alike" marketplace you have seen.

KC.

I think you should just get rid of POW, isn't it a risk to have a low POW reward with POS? Then again a low percentage POS reward also encourages people to just leave their Coins on the exchange which also weakens security.

That is why the reduction of POW i have suggested is a relatively low reduction, so that it does not compromise the security of the EXCL blockchain. POW is also good for distribution, and it brings new people to Exclusive Coin. I actually discovered EXCL myself when looking for a new coin to mine. It also seems like there are some people who do not want POW removed entirely, as you can see from their comments earlier in this thread. That is why i thought moderately decreasing POW would be a good compromise and a good middle ground that should keep everyone happy. I also do agree with the previous comment about the price being determined by demand and its relation to inflation. I suspect that many of us here are just sitting on our hands waiting for the release of the upcoming market. For any newcomers out there, the best time to buy is during a ATL that logic has served me well in crypto.

Well you can change it however you want with a majority so long as everyone is alright with the change, might be an idea to set a time like every 6 months or so as a review for changes. I wasn't really arguing either way, I think there can be lots of solutions that can work.

I agree that there can be a lot of solutions that can work. I would not mind reviewing the changes every six months either. A less radical change like i am suggesting is most likely to keep the highest amount of people happy as well. We can always go full POS in the future if that is what the majority of the community wants.

Crestington

legendary

Activity: 882

Merit: 1024

Quote from: VeritasSapere on April 24, 2015, 06:58:57 AM

Quote from: Crestington on April 23, 2015, 11:06:35 PM

Quote from: kingscrown on April 23, 2015, 10:07:00 PM

Quote from: VeritasSapere on April 23, 2015, 01:57:58 PM

Quote from: kingscrown on April 23, 2015, 12:10:55 AM

after speaking with many devs - EXCL will not be an rabbit tester of 20mb blocks.
we will let BTC do that first, then we will decide moving into that or not.

EXCL project is too big and too important to be a tester of such grounds.

on the other hand, ByronP and me are doing good working on "cryptoebay" so stay chilled and just hold your coins and support.

All good, yeah it was just a crazy idea. As was said before the block limit we have now is unlikely to be ever filled anyway. You also make a good point that EXCL should not be the one experimenting with new technologies. Allow other coins to do that and when the waters have been tested we can always still adopt those features in the future.

all good, please take community ideas, bring tchem to me and lets do it.

surly PoW reward will decrase on the fork since this is why we are loosing on price.

on the other hand me and ByronP of Banx.io ar working on best "ebay alike" marketplace you have seen.

KC.

I think you should just get rid of POW, isn't it a risk to have a low POW reward with POS? Then again a low percentage POS reward also encourages people to just leave their Coins on the exchange which also weakens security.

That is why the reduction of POW i have suggested is a relatively low reduction, so that it does not compromise the security of the EXCL blockchain. POW is also good for distribution, and it brings new people to Exclusive Coin. I actually discovered EXCL myself when looking for a new coin to mine. It also seems like there are some people who do not want POW removed entirely, as you can see from their comments earlier in this thread. That is why i thought moderately decreasing POW would be a good compromise and a good middle ground that should keep everyone happy. I also do agree with the previous comment about the price being determined by demand and its relation to inflation. I suspect that many of us here are just sitting on our hands waiting for the release of the upcoming market. For any newcomers out there, the best time to buy is during a ATL that logic has served me well in crypto.

Well you can change it however you want with a majority so long as everyone is alright with the change, might be an idea to set a time like every 6 months or so as a review for changes. I wasn't really arguing either way, I think there can be lots of solutions that can work.

VeritasSapere

hero member

Activity: 546

Merit: 500

Quote from: Crestington on April 23, 2015, 11:06:35 PM

Quote from: kingscrown on April 23, 2015, 10:07:00 PM

Quote from: VeritasSapere on April 23, 2015, 01:57:58 PM

Quote from: kingscrown on April 23, 2015, 12:10:55 AM

after speaking with many devs - EXCL will not be an rabbit tester of 20mb blocks.
we will let BTC do that first, then we will decide moving into that or not.

EXCL project is too big and too important to be a tester of such grounds.

on the other hand, ByronP and me are doing good working on "cryptoebay" so stay chilled and just hold your coins and support.

All good, yeah it was just a crazy idea. As was said before the block limit we have now is unlikely to be ever filled anyway. You also make a good point that EXCL should not be the one experimenting with new technologies. Allow other coins to do that and when the waters have been tested we can always still adopt those features in the future.

all good, please take community ideas, bring tchem to me and lets do it.

surly PoW reward will decrase on the fork since this is why we are loosing on price.

on the other hand me and ByronP of Banx.io ar working on best "ebay alike" marketplace you have seen.

KC.

I think you should just get rid of POW, isn't it a risk to have a low POW reward with POS? Then again a low percentage POS reward also encourages people to just leave their Coins on the exchange which also weakens security.

That is why the reduction of POW i have suggested is a relatively low reduction, so that it does not compromise the security of the EXCL blockchain. POW is also good for distribution, and it brings new people to Exclusive Coin. I actually discovered EXCL myself when looking for a new coin to mine. It also seems like there are some people who do not want POW removed entirely, as you can see from their comments earlier in this thread. That is why i thought moderately decreasing POW would be a good compromise and a good middle ground that should keep everyone happy. I also do agree with the previous comment about the price being determined by demand and its relation to inflation. I suspect that many of us here are just sitting on our hands waiting for the release of the upcoming market. For any newcomers out there, the best time to buy is during a ATL that logic has served me well in crypto.

temp89

sr. member

Activity: 246

Merit: 250

"Ebay alike" marketplace is wonderful idea. I greatly look forward to it!

Crestington

legendary

Activity: 882

Merit: 1024

Quote from: ?? on ??

Quote from: forzendiablo on April 16, 2015, 11:04:59 PM

lets go full PoS so we can kill the dumpers?!

Not trying to pick ya personally as alot of ppl are big on Pos these days, however.... assuming miners dump coins for profit why wouldn't coins minted by Pos be dumpped? Eventually Pos get dummped for bitcoin. Honestly as a miner and someone who has POS coins personally I try to get the best possible price for coins I mined, as I've actually had to spend a grand on equipment. When I dump pos coins I sell at whatever ever because honestly it was effortless and Pos is %100 profit so there is no motive to wait a week for a better price. Honestly alot of Pos coins seem drop to nothing. The real issue with most crypto is the lack of goods to be purchased with the coins. Bitcoin is popular because I can drive to main st. here and buy a pizza with it. I had an interest in Excel because the dev immediately was trying to sell goods in excel (even if its just a few items). I believe if the formation of an excel marketplace is completed and the coin is a used as a payment system the price will naturally rise. Otherwise as with all the other crypto both Pos and Pow will inflate the supply to zero. The key is demand for the [Suspicious link removed]d luck folks

I generally think it's better to have a moderate amount of inflation at a constant rate within POS because yes you dump at whatever, but it's also not costing you to maintain it either. As long is it isn't hyper-inflating, that's all that really matters.

Crestington

legendary

Activity: 882

Merit: 1024

Quote from: kingscrown on April 23, 2015, 10:07:00 PM

Quote from: VeritasSapere on April 23, 2015, 01:57:58 PM

Quote from: kingscrown on April 23, 2015, 12:10:55 AM

after speaking with many devs - EXCL will not be an rabbit tester of 20mb blocks.
we will let BTC do that first, then we will decide moving into that or not.

EXCL project is too big and too important to be a tester of such grounds.

on the other hand, ByronP and me are doing good working on "cryptoebay" so stay chilled and just hold your coins and support.

All good, yeah it was just a crazy idea. As was said before the block limit we have now is unlikely to be ever filled anyway. You also make a good point that EXCL should not be the one experimenting with new technologies. Allow other coins to do that and when the waters have been tested we can always still adopt those features in the future.

all good, please take community ideas, bring tchem to me and lets do it.

surly PoW reward will decrase on the fork since this is why we are loosing on price.

on the other hand me and ByronP of Banx.io ar working on best "ebay alike" marketplace you have seen.

KC.

I think you should just get rid of POW, isn't it a risk to have a low POW reward with POS? Then again a low percentage POS reward also encourages people to just leave their Coins on the exchange which also weakens security.

kingscrown

hero member

Activity: 672

Merit: 500

http://fuk.io - check it out!

Quote from: VeritasSapere on April 23, 2015, 01:57:58 PM

Quote from: kingscrown on April 23, 2015, 12:10:55 AM

after speaking with many devs - EXCL will not be an rabbit tester of 20mb blocks.
we will let BTC do that first, then we will decide moving into that or not.

EXCL project is too big and too important to be a tester of such grounds.

on the other hand, ByronP and me are doing good working on "cryptoebay" so stay chilled and just hold your coins and support.

All good, yeah it was just a crazy idea. As was said before the block limit we have now is unlikely to be ever filled anyway. You also make a good point that EXCL should not be the one experimenting with new technologies. Allow other coins to do that and when the waters have been tested we can always still adopt those features in the future.

all good, please take community ideas, bring tchem to me and lets do it.

surly PoW reward will decrase on the fork since this is why we are loosing on price.

on the other hand me and ByronP of Banx.io ar working on best "ebay alike" marketplace you have seen.

KC.

VeritasSapere

hero member

Activity: 546

Merit: 500

Quote from: kingscrown on April 23, 2015, 12:10:55 AM

after speaking with many devs - EXCL will not be an rabbit tester of 20mb blocks.
we will let BTC do that first, then we will decide moving into that or not.

EXCL project is too big and too important to be a tester of such grounds.

on the other hand, ByronP and me are doing good working on "cryptoebay" so stay chilled and just hold your coins and support.

All good, yeah it was just a crazy idea. As was said before the block limit we have now is unlikely to be ever filled anyway. You also make a good point that EXCL should not be the one experimenting with new technologies. Allow other coins to do that and when the waters have been tested we can always still adopt those features in the future.

kingscrown

hero member

Activity: 672

Merit: 500

http://fuk.io - check it out!

after speaking with many devs - EXCL will not be an rabbit tester of 20mb blocks.
we will let BTC do that first, then we will decide moving into that or not.

EXCL project is too big and too important to be a tester of such grounds.

on the other hand, ByronP and me are doing good working on "cryptoebay" so stay chilled and just hold your coins and support.

VeritasSapere

hero member

Activity: 546

Merit: 500

Quote from: Crestington on April 22, 2015, 06:55:49 PM

Quote from: VeritasSapere on April 22, 2015, 10:05:01 AM

Quote from: Crestington on April 22, 2015, 04:37:55 AM

Quote from: kingscrown on April 21, 2015, 10:57:50 PM

veritas saphere is responsibe for getting me final specs of the fork [blok time, block size etc] - then we will fork this to make all investors happy and raise the price + fix current errors.
on the other hand due to current error - we are the fastest coin online.

awesome, you should put it up for final review before you decide to implement it so that EXCL owners can vote and discuss any other changes.

I will post all the planned changes here so that we can discuss it. So far we are planning to fix the block time and set it at 30sec. We are going to reduce the staking frequency to fix the wallet.dat file bloating, our aim will be around 2-3 times per day. Also the reduction of the block reward, by 1 coin per year. This is what we have decided on so far.

We have also been discussing whether we should increase the block size. This would be useful for things like assets and tokens on the exclusive blockchain and increasing the potential scalability. It would also make exclusive coin more useful for some of these other applications of blockchain technology which can be build on top of the EXCL chain. I am suggesting that we increase the block size to 5MB. I thought i would post this idea here and get some feedback on this since there are downsides to increasing the block size, many of these parameters come down to a balancing act so it is all very much up to debate. Exiting times for Exclusive Coin, we are evolving.

No point in increasing the Block size if you have 30 second Block times since you would never fill it anyways. If you want to slow down the wallet.dat from bloating then you can change the split thresholds in wallet.cpp, doesn't even require a fork.

That is good to know, I am not a coder myself so I am not sure about how some of these things work in the code it self. Though I suspect that fixing the block time will require a hard fork. I am aware that such a large block size is indeed unnecessary and most likely will never be filled but i thought it would be a nice feature to have anyway, just in case.

Crestington

legendary

Activity: 882

Merit: 1024

Quote from: VeritasSapere on April 22, 2015, 10:05:01 AM

Quote from: Crestington on April 22, 2015, 04:37:55 AM

Quote from: kingscrown on April 21, 2015, 10:57:50 PM

veritas saphere is responsibe for getting me final specs of the fork [blok time, block size etc] - then we will fork this to make all investors happy and raise the price + fix current errors.
on the other hand due to current error - we are the fastest coin online.

awesome, you should put it up for final review before you decide to implement it so that EXCL owners can vote and discuss any other changes.

I will post all the planned changes here so that we can discuss it. So far we are planning to fix the block time and set it at 30sec. We are going to reduce the staking frequency to fix the wallet.dat file bloating, our aim will be around 2-3 times per day. Also the reduction of the block reward, by 1 coin per year. This is what we have decided on so far.

We have also been discussing whether we should increase the block size. This would be useful for things like assets and tokens on the exclusive blockchain and increasing the potential scalability. It would also make exclusive coin more useful for some of these other applications of blockchain technology which can be build on top of the EXCL chain. I am suggesting that we increase the block size to 5MB. I thought i would post this idea here and get some feedback on this since there are downsides to increasing the block size, many of these parameters come down to a balancing act so it is all very much up to debate. Exiting times for Exclusive Coin, we are evolving.

No point in increasing the Block size if you have 30 second Block times since you would never fill it anyways. If you want to slow down the wallet.dat from bloating then you can change the split thresholds in wallet.cpp, doesn't even require a fork.

VeritasSapere

hero member

Activity: 546

Merit: 500

Quote from: Crestington on April 22, 2015, 04:37:55 AM

Quote from: kingscrown on April 21, 2015, 10:57:50 PM

veritas saphere is responsibe for getting me final specs of the fork [blok time, block size etc] - then we will fork this to make all investors happy and raise the price + fix current errors.
on the other hand due to current error - we are the fastest coin online.

awesome, you should put it up for final review before you decide to implement it so that EXCL owners can vote and discuss any other changes.

I will post all the planned changes here so that we can discuss it. So far we are planning to fix the block time and set it at 30sec. We are going to reduce the staking frequency to fix the wallet.dat file bloating, our aim will be around 2-3 times per day. Also the reduction of the block reward, by 1 coin per year. This is what we have decided on so far.

We have also been discussing whether we should increase the block size. This would be useful for things like assets and tokens on the exclusive blockchain and increasing the potential scalability. It would also make exclusive coin more useful for some of these other applications of blockchain technology which can be build on top of the EXCL chain. I am suggesting that we increase the block size to 5MB. I thought i would post this idea here and get some feedback on this since there are downsides to increasing the block size, many of these parameters come down to a balancing act so it is all very much up to debate. Exiting times for Exclusive Coin, we are evolving.

Crestington

legendary

Activity: 882

Merit: 1024

Quote from: kingscrown on April 21, 2015, 10:57:50 PM

veritas saphere is responsibe for getting me final specs of the fork [blok time, block size etc] - then we will fork this to make all investors happy and raise the price + fix current errors.
on the other hand due to current error - we are the fastest coin online.

awesome, you should put it up for final review before you decide to implement it so that EXCL owners can vote and discuss any other changes.

kingscrown

hero member

Activity: 672

Merit: 500

http://fuk.io - check it out!

veritas saphere is responsibe for getting me final specs of the fork [blok time, block size etc] - then we will fork this to make all investors happy and raise the price + fix current errors.
on the other hand due to current error - we are the fastest coin online.

Epimetheus

legendary

Activity: 1120

Merit: 1000

Hope to see some action soon.

kingscrown

hero member

Activity: 672

Merit: 500

http://fuk.io - check it out!

while we work on the market can u guys keep volumes at bittrex and others?

hint: u can buy/sell to urself with same account on bittrex.

we are too busy doing coind to keep eye on exchanges.

mogrith

legendary

Activity: 1470

Merit: 1001

Use Coinbase Account almosanywhere with Shift card

Banx.io has Excl but little volume. So lets get some activity there instead.

cryptoangel

sr. member

Activity: 700

Merit: 250

People will dump everything on bittrex. Tongue

temp89

sr. member

Activity: 246

Merit: 250

Quote from: cryptoangel on April 17, 2015, 05:54:04 AM

This market is in danger of de-listing due to low trade volume and lack of user interest. It may be removed on April 24th unless the average daily trade volume for the last 7 days exceeds 0.2 BTC.

This is the reason I don't like Bittrex Angry

.

Topic: [ANN] Exclusive Coin - Cryptsy/Bittrex, CAT bot, Loads of News! - page 25. (Read 248548 times)