Topic: [ANN] LiteDoge - such Community coin | no premine | very fast | much profit - page 23. (Read 125407 times)

With 8 BILLION + of these dogies out in the wild I propose a more drastic completion to these hefty block rewards.

Block 235,000 — 279,999: 24,000 LiteDoge Reward

Block 280,000 — 324,999: 12,000 LiteDoge Reward

Block 325,000 — 369,999: 6,000 LiteDoge Reward

Block 370,000 — 414,999: 3,000 LiteDoge Reward

Block 415,000 — 459,999: 1,500 LiteDoge Reward

Block 460,000 — 504,999: 750 LiteDoge Reward

Block 505,000 — 549,999: 500 LiteDoge Reward

Block 550,000 — 594,999: 300 LiteDoge Reward

Block 595,000 — 639,999: 200 LiteDoge Reward

Block 640,000 — +          : 100 LiteDoge Reward (low to ensure future of coin)

The analysis of this distribution can be found here: http://pastebin.com/SncTpzQM

Essentially, This would add 25% more coins (~2.1 Billion) to the current supply over 46 days.
Then roughly 135,000 coins would be minted everyday for a slowly reducing inflation rate starting @ %.001


My math might be off but I think it's right.
I think for a tipping coin we need to get a reasonable amount of coins in the wild per day (135,000) and get to that number as fast as possible (46 days).
Only then will the markets, community and World react.

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EDIT:
My math was off, my apologies.

With the above timeline I propose it would still take 280 days to generate the 25% more coins (~2.1 Billion) and settle into the 100 LDOGE block reward.
Even more reason to get more aggressive with the reward structure! 

I'm not totally opposed to this plan if you can get everyone else on board...

Received, thank you.

Bounty claimed by StakeBox for "LiteDoge Raspberry PI Wallet: LDOGE: dcP7bNrTuro8sL7NtFEfoqGdiykGD5PtuD (Balance: 1050000 LDOGE)"

Bounty sent to dNKPBdo6UzBNZTevQCiHeqrvdCKfuJdyWp.

Thanks for your support.


Regards
litedoge

From a fresh install of Raspbian, execute "git clone https://github.com/stakebox/LiteDoge" and "git clone https://github.com/stakebox/extra-libs", that will get you the wallet binary and the additional libraries.

This is compiled against libdb5.3, to get that you need to use the debian jessie repos. Execute "sudo nano /etc/apt/sources.list", in the first line change "wheezy" to "jessie", then press control+x to close, then "y" to save, and then press enter to accept the location. Execute "sudo apt-get update" and then "sudo apt-get install libdb++-dev". There are some services that will be needed to be restarted, you will be met with a prompt asking if you would like them to be restarted automatically, just select yes and press enter.

After this, you should change your source back to wheezy, just "sudo nano /etc/apt/sources.list" again and change "jessie" back to "wheezy", and then "sudo apt-get update" again.

Now simply copy the files in the extra-libs folder you downloaded into /usr/lib/arm-linux-gnueabihf with "sudo cp -a extra-libs /usr/lib/arm-linux-gnueabihf". Go ahead and fire up the LiteDoge wallet.

As far as promoting LiteDoge PoS mining on my website, I don't promote any coins in particular. I am looking to provide people who don't want to muck around with all of the jumping through hoops with a plug and play staking device for any PoS coin they want, not to support any individual coin. I make my work available freely to anyone who doesn't mind getting down and dirty and doing the work themselves via GitHub. I feel like promoting LiteDoge is outside the scope of the bounty, which remember is only worth slightly more than $2. If you disagree, than that is fine, enjoy the freebie.

1st we need to finalise the current wallet upgrade (no fork required).

2nd if we fork, I suggest no block time change (too risky) but reduce the rewards as follows:

Currently at block 261,667

Block 235,000 — 279,999: 24,000 LiteDoge Reward

Block 280,000 — 324,999: 18,000 LiteDoge Reward

Block 325,000 — 369,999: 14,000 LiteDoge Reward

Block 370,000 — 414,999: 10,000 LiteDoge Reward

Block 415,000 — 459,999: 8,000 LiteDoge Reward

Block 460,000 — 504,999: 6,000 LiteDoge Reward

Block 505,000 — 549,999: 4,000 LiteDoge Reward

Block 550,000 — 594,999: 3,000 LiteDoge Reward

Block 595,000 — 639,999: 2,000 LiteDoge Reward

Block 640,000 — +          : 1,000 LiteDoge Reward (low to ensure future of coin)

 

Wow such fun.  Such speed.  Much staking.

I don't think trying to fix what ain't broken is a good idea.  It just creates needless uncertainty because people won't know what to expect long term.  Difficulty is going up and rewards are going down every month so stakes are getting harder.  One year from now LDOGE will be stronger coin with a higher market cap if no changes are made.  There are still 11 times more DOGE coins than there are LDOGE coins, so LDOGE still has some work to do to catch up.

It's doing just fine as it is.
Don't try to make it something it's not.  
Great coin, very fast, tons of stakes, only 8hrs to get the ball rolling.
Cheap enough people can still get in with a few $.
Mostly, fun.  
The rewards will eventually drop on the schedule.  It's already been dicked with once.  That's enough.

I do..

I am thinking we should do a hard fork and remove all the staking interest, make it stake at 888 or 900 coins each time and leave it at that, no more monthly reducing of interest over a long period of time. This hyperinflation of stake interest is keeping this coin's value down. I see this coin being at least 100 or 200 sat each. But the hyperinflation staking interest needs to be removed. Who agrees with me?

Give full clear step by step instructions and promote LiteDoge POS mining on http://StakeBox.com.

Very nice I will give it a try when i get home

Did you try it, or even look? It is, there is no need to compile anything. If any one of the folks who was requesting it would like to give it a go and report back, that would be cool.

as far as I know it is, it just worked for me on my RPi2 without anything else.

should be a statically linked drop in wallet. ie, users shouldn't have to compile anything.

So, a RPi2 wallet is needed? The StakeBox supports LiteDoge thanks to a request from s3v3nh4cks, check it out at StakeBox.com. You can download the wallet from our GitHub at https://github.com/StakeBox/litedoge, it has been available there for 11 days now. Depending on your setup you may also need a couple additional libraries, you can get them here, https://github.com/StakeBox/extra-libs. The bounty can be sent to dNKPBdo6UzBNZTevQCiHeqrvdCKfuJdyWp, thanks.

Usually you would state an amount... But regardless... Consider it claimed... My devfriend has been making litedoge RPi2 images for some time now. Let me get him over here with his address..

It will help you archive that Legendary status in the next few days. 

Seriously? I shouldn't even bother...  Look ^up 

What is the bounty for a RPi2 wallet?