Topic: [ANN] Ħ [HODL] 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining. - page 135. (Read 472878 times)

The actual voting is still done by the miners, not the hodlers. Nutocracy is just a way for the community have a  say in the development of HOdlcoin, if you are against a certain motion you can vote against it on nutocracy if the rest of the community is for that motion it will be developed. After it has been developed it's up to the miners to choose if they vote for it. That way hodlers and miner both get a vote.

That's just it, who let it happen when you say "we"?  A select group of the community (those who have hodled, primarily early adopters who stashed away loads of nuts or those who had enough to hodl shortly before the vote) were allowed to vote on topics to "control" the future of the coin.  Then once we got to a much, much less than majority of "votes" we implement a change that was basically just waiting to be implemented.  The nutocracy is used as a cover to portray it as being chosen by the community.

While I am all for being unique and trying different methods to set this coin apart from others.  To me, this seems completely unstable, irresponsible, and detrimental to the future of HODL.

Yep we have created a monster here. we let it happen one time now were forks and knives from here on out.  Fish

The slow trickle on the release of information regarding the future of this coin is comical.

The majority (5%ish) voted on the force hodling of mined blocks so this will be done.  BAM... implemented
A couple weeks later... Development is running out of funds and needs to have exclusive access to non-force Hodled coins
Two weeks from now... Here's a motion to vote on
Two weeks and one day... Motion reaches arbitrary majority and new fork block is set.
Shortly after... "complete and credible" code is implemented and development team receives unHodled funds.

Does anyone else think that maybe there would have been A LOT more resistance to the idea of force hodling mined blocks if the community also would have been informed of the dire situation in regards to the development team's funding status?

Try diamond

Look, the devs are complaining they don't have enough time to work on the project. They want donations. They want to hardfork the coin in order to force 5% donation fee.
The pools have quit.
Miners have quit.

The coin is dead.

Have you ever heard of a coin with a 5% donation fee built into the coin?  Maybe I haven't been around long enough. I haven't played with enough alts.  But I certainly haven't heard of a successful coin with a 5% donation fee built into it!

In short :

They wanted pools to quit and now pools have quit

my first reaction ..
if that's going to fly as a principle idea
1- drop the /20 ... no need to complicate trace-ability and create more questions than answers on who got what 
2- the additional PoWT (Proof of Work Tax)  should be significantly smaller than the SPoW (Standard PoW) and easy to spot within transactions lists i.e 6.9, 12.5
3- out of Nutocracy ... it also must be force-Hodled for a proportional time to SPoW (50@1Y Hodle, [email protected] Hodle)
  which should be simple to decide on as resources should be planned in advance.. inclusive of some "contingency"

While a it... same hard-fork can be used to drop the SPoW Hodle all together or shrink it while maintaining the PoWT with fractional proportions above 

My 2.5 Cents
Cheers

look, a change to network requirements was proposed and voted on. I didn't come up with the idea, nor did I write the code to implement it or even vote for it personally, but it got majority vote and has been implemented none the less. I'm certainly not blaming ocminer for that or anything else.

It is the responsibility of 3rd party software to adhere to the new requirements of the network if they wish to maintain compliance and compatibility. I have been willing to work with pool operators on getting pooled mining back in order but have had little to no communication from them. ocminer has been the only one that has communicated any desire to support the network's new requirements, but part of that communication has been that he is busy with other projects. This is understandable and acceptable, but also means that it will delay the re-opening of HODL mining on his pool. There is nothing Freetrade, myself, or anyone else can do to patch ocminer's pool software for him.

If any pool operator decides to cease support for HODL (or any other coin for that matter), that is their choice, not yours nor mine. They already play an under-appreciated role and owe it to no one to maintain operations for any coin.

that isn't what ocminer said at all. he simply stated that his time is limited and his current interests are with other projects. how the hell do you get "stopped caring because the coin will die" out of that!? Your personal opinions are yours to have, but don't put words in other people's mouths.

We have a problem, HOdlcoin is running out of resources.

By that, I mean the amount of time, money, development and network services that people are willing to volunteer and donate to the HOdlcoin project. While users have been very generous so far, there is a limit that is reached and I think we are up against it. This curtails future development, promotion and network growth.

I want to start a discussion on a proposal to address this. I want to allow two weeks for discussion before formulating a Nutocracy motion. I expect this to be controversial and for robust argument to take place, and modifications to be made, but hopefully, by the end of it, we'll have found a motion that has wide support among HOdlers.

So without further ado, here it is.

Proposal: Create a budget to be used for promotion, development, network services.
How: Hard fork required to mine additional 50HODL (unhodled) to budget address if block number is divisible by 20.
Who: I will volunteer to administer fund. To avoid conflict of interest, I won't pay myself for any work, my contributions will continue to be voluntary.
Limits: Fund administrator to have discretionary spending, but should accept direction from Nutocracy motions to spend/not spend.

I'm hoping this will put HOdlcoin on a firm footing to pay for network services (nodes, block explorers, faucets etc), promotion (advertising, articles, twitter campaigns), development. It should also give HOdlers more power as they can vote for things that require a budget.

He or she means, ocminer stopped caring because the coin will die with 1 year delay on rewards. If there was still a reward to run a pool then maybe he would fix it. But by the time the year is up for minig rewards to mature everyone will have dumped their 4000% interest coins and the coin will be trading at 1 sat or delisted. Many of us predicted this before the change. It's unfortunate, but it seems to be coming true.

I'd recommend using -miningaddress to mine to a single address - administration is easier that way and you'll be able to watch and vote more easily with your hodl'd coins.

What do you mean by blame ocminer?
ocminer said:

ok then since multi-pc mining to single wallet is difficult i guess i have to stick with different pc to different wallet and transfer them once the hodl is avaialble (after 1 year :p)

LOL. You broke HOdl yet you blame @ocminer?

You came up with the idiotic idea of not paying block rewards for 1 year.  That is your own fault. Don't blame @ocminer.

As explained, the required fix is not something that can be done 100% in-wallet, adjustments to the pool's software is required, which ocminer doesn't have time for. We (HODL) can't fix something that is out of our control.

@dev atleast fix the issue with @ocminers pool (suprnova) so that we all can mine to that as he's willing to keep it open...

no pool, no co-solo, 1 year mature tx. move on... like memorycoin 

I'm aware of the issue and I know how to fix it but I'm out of time for this project currently and to be honest my interest is also currently at some other coins/projects.

Maybe someday...