Topic: [ANN] LitecoinPlus (XLC) / super fast / green / great team! - page 8. (Read 77063 times)
Let's start with 10, we can optimally adjust the reward schedule later if needed.
Block reward anywhere from 5-10, maybe start at 8? Maybe 10 is too high indeed?
You have to keep the 15% for POS in account.
Yes the POS will be corrected to 15%You have to keep the 15% for POS in account.
In comparing other coins with around the same cap - it didn't seem to matter what the block reward was in comparison to the coins trading value.
Maybe start with a block reward of 10, and reduce buy 1 untill ?? .5 ??
like, every 10,000 blocks it would reduce by 1
That would greatly help the network - assuming a couple of pools running - maybe some solo miners ...
Block reward anywhere from 5-10, maybe start at 8? Maybe 10 is too high indeed?
You have to keep the 15% for POS in account.
You have to keep the 15% for POS in account.
Quote
Checkpoint is too old. Wait for block chain to download, or notify developers.
Sync is not completed. 
Check your block count against the explorer at http://lcp.altcoinwarz.com
I created litecoinplus.conf and add settings.
Quote
addnode=114.174.165.197
addnode=65.102.140.118
addnode=86.180.82.170
addnode=65.102.140.115
addnode=203.118.153.128
addnode=192.168.0.76
addnode=65.102.140.118
addnode=86.180.82.170
addnode=65.102.140.115
addnode=203.118.153.128
addnode=192.168.0.76
As a result, sync started.
Keep in mind that the wallet will stop downloading several times. You will know because you will have connections, but no new blocks for a minute or two.
All you have to do is shut it down, and restart it.
Quote
Checkpoint is too old. Wait for block chain to download, or notify developers.
Sync is not completed. Check your block count against the explorer at http://lcp.altcoinwarz.com
I created litecoinplus.conf and add settings.
Quote
addnode=114.174.165.197
addnode=65.102.140.118
addnode=86.180.82.170
addnode=65.102.140.115
addnode=203.118.153.128
addnode=192.168.0.76
addnode=65.102.140.118
addnode=86.180.82.170
addnode=65.102.140.115
addnode=203.118.153.128
addnode=192.168.0.76
As a result, sync started.
Where can I buy XLC? can't find it any where.
Can I get more info about staking? how/minimum/when/why..
It hasn't been on an exchange for a while.Can I get more info about staking? how/minimum/when/why..
Litecoin Plus [LCP] use to be [XLC]
we are making some changes and relaunching it as [LCP] - but still using the old xlc blockchain.
It will be a while. Once we decide on all of the changes, and once the changes are implemented in the wallet, I will have to make a test node and test the changes to make sure the chain forks correctly.
This could take a month or two.
Where can I buy XLC? can't find it any where.
Can I get more info about staking? how/minimum/when/why..
Can I get more info about staking? how/minimum/when/why..
Quote
Checkpoint is too old. Wait for block chain to download, or notify developers.
Sync is not completed. Check your block count against the explorer at http://lcp.altcoinwarz.com
one more thing to do - remove the checkpoint warning
Quote
Checkpoint is too old. Wait for block chain to download, or notify developers.
Sync is not completed. So what exchanges do you have in mind?novaexchange?c-cex?livecoin? there was something about being added to cryptopia 2 pages ago 
It will be a while before we get listed on any exchanges, due to changes with the wallet.Maximum supply will be increasing to 4 million.
Adding Proof of Work (mining) - once we decide on the block reward.
Proof of Stake will be increased to 15%
These kind of changes will require a fork - new wallets that everyone will need to switch to before a predefined block.
I don't want to create extra work for the exchanges by getting listed, then telling them a little later that there is a mandatory wallet update.
They need several days to look through the code to make sure it is safe (no back doors/viruses/trojans ...)
It's best to keep exchanges happy
As far as exchanges - the more the merrier.
So what exchanges do you have in mind?novaexchange?c-cex?livecoin? there was something about being added to cryptopia 2 pages ago
ok. cap at 4 million
Next to ponder, what should the PoW reward be ?
I've been looking around to try and find charts that compares cap, reward, value (going price) but haven't come up with one.
so, how many coins out there have a 4 million cap (or there a bouts) and are valuable ( above $1 ??) - what are their block rewards?
Next to ponder, what should the PoW reward be ?
I've been looking around to try and find charts that compares cap, reward, value (going price) but haven't come up with one.
so, how many coins out there have a 4 million cap (or there a bouts) and are valuable ( above $1 ??) - what are their block rewards?
xlc was the silver to xbc.
if you want to deviate this much from that;
rare supply, xbc supply x4, adding pow and going for a "huge" (in perspective) 10M cap, then i feel you might as well make a new coin.
4M yes, 10M, no
Sure m8, just opinions, no worries
if you want to deviate this much from that;
rare supply, xbc supply x4, adding pow and going for a "huge" (in perspective) 10M cap, then i feel you might as well make a new coin.
4M yes, 10M, no
Sure m8, just opinions, no worries
I agree, i think 4M would be the best choice
xlc was the silver to xbc.
if you want to deviate this much from that;
rare supply, xbc supply x4, adding pow and going for a "huge" (in perspective) 10M cap, then i feel you might as well make a new coin.
4M yes, 10M, no
Sure m8, just opinions, no worries
if you want to deviate this much from that;
rare supply, xbc supply x4, adding pow and going for a "huge" (in perspective) 10M cap, then i feel you might as well make a new coin.
4M yes, 10M, no
Sure m8, just opinions, no worries
I disagree^, 10M is just a number grabbed out of the air.
4M max doing the original xbc-xlc ratio (and obviously btc-ltc), xlc was intended to be 4x xbc.
I saw xbc does a 0.0 pow block reward, thats why I asked, I don't like a zero blockreward either.
I actually think 10 might be too much, not sure yet.
4M max doing the original xbc-xlc ratio (and obviously btc-ltc), xlc was intended to be 4x xbc.
I saw xbc does a 0.0 pow block reward, thats why I asked, I don't like a zero blockreward either.
I actually think 10 might be too much, not sure yet.
10M is as much as "grabbed from from air" as 4M (in my opinion). Any number will be dependent on the targeted market cap and not in any way related to a specific number. Unless there is something on the blockchain technology that takes advantage of that number, which is not the case here (yet).
Therefore, 10 Mis a much more simplistic number and facilitates fewer conjurations, compared with other "matching" numbers. It's not too much not too less compared with other coins, therefore makes perfect sense since it's a simple and easy number to memorize, makes human calculations easier and does not impact performance on the blockchain.
In addition, I personally believe, the total market cap is or should be adaptive. The reason to increase coin numbers is usually that of a mathematical function between the facilitation of the technology and the minimum value you can find to influence the coin market cap. This direction makes any coin controllable by it's lower capping value (there is always more interest to value something for whatever we now about, than for something we do not..).
This is my opinion. =)
I disagree^, 10M is just a number grabbed out of the air.
4M max doing the original xbc-xlc ratio (and obviously btc-ltc), xlc was intended to be 4x xbc.
I saw xbc does a 0.0 pow block reward, thats why I asked, I don't like a zero blockreward either.
I actually think a block reward of 10 might be too much, not sure yet.
4M max doing the original xbc-xlc ratio (and obviously btc-ltc), xlc was intended to be 4x xbc.
I saw xbc does a 0.0 pow block reward, thats why I asked, I don't like a zero blockreward either.
I actually think a block reward of 10 might be too much, not sure yet.
so looking through the LitecoinPlus code, turns out the wallet only stakes at 1%
rush (rushmybitcoin) thinks it would be a good idea to correct this, and change it to 20%, plus change max coins to 4 million -
Any thoughts ?
Code:
static const int64 MAX_MINT_PROOF_OF_STAKE = 0.01 * COIN; // 15% annual interest
Looking at the remark after the // I'm thinking they meant 15% (.15) but messed up and coded it to 1% (.01)rush (rushmybitcoin) thinks it would be a good idea to correct this, and change it to 20%, plus change max coins to 4 million -
Any thoughts ?
Agree with the more coin change.
The stake is necessary to be higher for the staking to have adoption. Then decrease over time.
I would say, 4 million min. maybe 10 M is best!
hmm pow algo? with or without blockreward?
coins x4 yes
new thread yes
but no new thread without some kind of roadmap imo.
block reward yes, because nobody will mine for free.coins x4 yes
new thread yes
but no new thread without some kind of roadmap imo.
Not sure what the block reward should be.
With cap at 4x maybe 10 LCP ?
I don't want to pollute the exchanges with a bunch of cheap coins, but it has to be high enough for the miners to mine.
Still needs more investigating.
hmm pow algo? with or without blockreward?
coins x4 yes
new thread yes
but no new thread without some kind of roadmap imo.
coins x4 yes
new thread yes
but no new thread without some kind of roadmap imo.
I don't see why 4x is the magic number, youre basing this only on the btc to ltc ratio ?
Also cap goes x4, but our balances will remain the same I guess?
I paid high price back then because the cap was so low, but if the cap goes up x10 or x20 then it might not even be worth it for me to mess with this no more due to all of the sudden owning a really insignificant amount of coins.
Also cap goes x4, but our balances will remain the same I guess?
I paid high price back then because the cap was so low, but if the cap goes up x10 or x20 then it might not even be worth it for me to mess with this no more due to all of the sudden owning a really insignificant amount of coins.
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