[ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 146.

sambiohazard

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Activity: 840

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Quote from: cryptomommy on June 09, 2015, 12:27:10 PM

Quote from: sambiohazard on June 09, 2015, 10:17:01 AM

Quote from: cryptomommy on June 09, 2015, 10:01:40 AM

Quote from: Argon18 on June 09, 2015, 09:38:40 AM

Quote from: clipman77 on June 09, 2015, 02:52:41 AM

I also believe that we need POS 2.0.

me three,
POS 2.0 is the only solution.

If we can get a general consensus across the community I am sure I can have a programmer implement relatively soon. This is a community coin - but there needs to be a 100% agreement on it.

Lets do a poll with reasons explained for upgrading to POS 2.0.

https://www.surveymonkey.com/
Interested in putting together a survey? I will feature it if you put it together?

I think it is a simple yes/no question. We can just do a poll on this thread (Like here https://bitcointalksearch.org/topic/ekn-elektron-ekn-elektronfoundation-tor-market-bittrex-cryptsy-1019681). Just copy paste this as a question.

Should we move to POS 2.0. It fixes some flaws & network vulnerabilities with current staking. With new version you have to remain online all the time to stake your coins. For more info please read this very simple 2 page whitepaper on POS 2.0

http://blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdf

Yes
No

MarSas

hero member

Activity: 574

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I vote for best security available no matter what form it takes Wink

cryptomommy

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Activity: 425

Merit: 250

Quote from: sambiohazard on June 09, 2015, 10:17:01 AM

Quote from: cryptomommy on June 09, 2015, 10:01:40 AM

Quote from: Argon18 on June 09, 2015, 09:38:40 AM

Quote from: clipman77 on June 09, 2015, 02:52:41 AM

I also believe that we need POS 2.0.

me three,
POS 2.0 is the only solution.

If we can get a general consensus across the community I am sure I can have a programmer implement relatively soon. This is a community coin - but there needs to be a 100% agreement on it.

Lets do a poll with reasons explained for upgrading to POS 2.0.

https://www.surveymonkey.com/
Interested in putting together a survey? I will feature it if you put it together?

sambiohazard

hero member

Activity: 840

Merit: 1000

Quote from: cryptomommy on June 09, 2015, 10:01:40 AM

Quote from: Argon18 on June 09, 2015, 09:38:40 AM

Quote from: clipman77 on June 09, 2015, 02:52:41 AM

I also believe that we need POS 2.0.

me three,
POS 2.0 is the only solution.

If we can get a general consensus across the community I am sure I can have a programmer implement relatively soon. This is a community coin - but there needs to be a 100% agreement on it.

Lets do a poll with reasons explained for upgrading to POS 2.0.

cryptomommy

sr. member

Activity: 425

Merit: 250

Quote from: Argon18 on June 09, 2015, 09:38:40 AM

Quote from: clipman77 on June 09, 2015, 02:52:41 AM

I also believe that we need POS 2.0.

me three,
POS 2.0 is the only solution.

If we can get a general consensus across the community I am sure I can have a programmer implement relatively soon. This is a community coin - but there needs to be a 100% agreement on it.

Argon18

sr. member

Activity: 442

Merit: 250

Quote from: clipman77 on June 09, 2015, 02:52:41 AM

I also believe that we need POS 2.0.

me three,
POS 2.0 is the only solution.

clipman77

legendary

Activity: 1610

Merit: 1008

I also believe that we need POS 2.0.

sambiohazard

hero member

Activity: 840

Merit: 1000

Quote from: Derek492 on June 08, 2015, 08:49:40 PM

Quote from: sambiohazard on June 08, 2015, 06:54:54 PM

I think we need to move to POS 2.0 as soon as we find a developer. It will help with the staking as you will only earn interest if you have your wallet online all the time. Right now we have 2-3% staking with occasional spikes to 10-15% when people open wallets to earn their coins. This is bad for n/w security. You can fork the chain with only 5% of coins staking.

Haven't had any issues so far...

The 2-3% staking is just because not everyone can mint all the time. You have to wait 20 days, which is actually really good for security. I wouldn't change it unless there is a proven flaw. The other thing is that, if some had enough to do that it would be irrational to attempt. It pays to secure the network. Also, you already have to be online to mint.

Its not about issues with minting. The problem is when there is only 2-3% mint staking, it is like having very little hashrate with POW. If anyone can get more mint that 2-3% and start staking with considerable weight, not only is there a chance of forking the chain but to mount a 51% like attack if you gain enough weight. These concerns were raised with Blackcoin & Vericoin when some people hacked an exchange and stole a big percent of coins. They could have potentially used it to attack the network. When your wallet is online, even if you are not generating blocks, total network weight is higher and it is hard to attack/fork the network. It is like mining, more miners there are the better, even if not everyone is generating blocks. Right now people are getting rewards even if they are not securing the network. They just come online every 20 days to get rewards. This was one of the design flaw with original POS which assumed people will be honest, but you have to force them to be honest unfortunately Sad

. Read the POS 2.0 whitepaper here.

http://blackcoin.co/blackcoin-pos-protocol-v2-whitepaper.pdf

Derek492

sr. member

Activity: 356

Merit: 250

Quote from: sambiohazard on June 08, 2015, 06:54:54 PM

I think we need to move to POS 2.0 as soon as we find a developer. It will help with the staking as you will only earn interest if you have your wallet online all the time. Right now we have 2-3% staking with occasional spikes to 10-15% when people open wallets to earn their coins. This is bad for n/w security. You can fork the chain with only 5% of coins staking.

Haven't had any issues so far...

The 2-3% staking is just because not everyone can mint all the time. You have to wait 20 days, which is actually really good for security. I wouldn't change it unless there is a proven flaw. The other thing is that, if some had enough to do that it would be irrational to attempt. It pays to secure the network. Also, you already have to be online to mint.

sambiohazard

hero member

Activity: 840

Merit: 1000

I think we need to move to POS 2.0 as soon as we find a developer. It will help with the staking as you will only earn interest if you have your wallet online all the time. Right now we have 2-3% staking with occasional spikes to 10-15% when people open wallets to earn their coins. This is bad for n/w security. You can fork the chain with only 5% of coins staking.

Derek492

sr. member

Activity: 356

Merit: 250

Just wait for it to sync. Then all your coins will show up, and you will probably start minting shortly after you are synced. Should be a nice chunk if you have waited 6 months.

sambiohazard

hero member

Activity: 840

Merit: 1000

Quote from: 1211 on June 07, 2015, 11:30:51 AM

Hello,

I have a weird problem. My mintcoin wallet shows, that I have only 70,000 coins - but its not synced. I haven't sinced the mintcoin like 6 months. I had a million mintcoins before. What happend? Will I get my coins when my wallet syncs?

Thanks for help

I won't be worried, it happens everytime you are syncing from a long way back. Just wait till it syncs, If problem is still around try what others have suggested.

Trouble821

full member

Activity: 176

Merit: 100

Quote from: DougB62 on June 07, 2015, 12:13:32 PM

Quote from: 1211 on June 07, 2015, 11:30:51 AM

Hello,

I have a weird problem. My mintcoin wallet shows, that I have only 70,000 coins - but its not synced. I haven't sinced the mintcoin like 6 months. I had a million mintcoins before. What happend? Will I get my coins when my wallet syncs?

Thanks for help

You should - couple of questions: Do you have the latest qt? If not, get it here -> http://www.mintcoinofficial.com/
If you're not running the latest version, you may have some trouble syncing.

If there is a discrepancy after your wallet is fully synced, back up your wallet.dat somewhere safe, and run a checkwallet then repairwallet - and if that doesn't work, follow with salvagewallet.

But - wait till it's synced before running any of those.

Good luck, and post again if you need any help - we're always glad to help!

I found using the reindex and rescan flags solved the missing coins problem for me in wallets for other coins. Mintcoin probably supports those flags too and they could be worth trying if all else fails.

DougB62

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Activity: 672

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Banned: For Your Protection

Quote from: 1211 on June 07, 2015, 11:30:51 AM

Hello,

I have a weird problem. My mintcoin wallet shows, that I have only 70,000 coins - but its not synced. I haven't sinced the mintcoin like 6 months. I had a million mintcoins before. What happend? Will I get my coins when my wallet syncs?

Thanks for help

You should - couple of questions: Do you have the latest qt? If not, get it here -> http://www.mintcoinofficial.com/
If you're not running the latest version, you may have some trouble syncing.

If there is a discrepancy after your wallet is fully synced, back up your wallet.dat somewhere safe, and run a checkwallet then repairwallet - and if that doesn't work, follow with salvagewallet.

But - wait till it's synced before running any of those.

Good luck, and post again if you need any help - we're always glad to help!

MarSas

hero member

Activity: 574

Merit: 500

I don't see any reason why you shouldn't. Wink

You can speed up the syncing by manually downloading the blockchain.

1211

sr. member

Activity: 294

Merit: 250

Hello,

I have a weird problem. My mintcoin wallet shows, that I have only 70,000 coins - but its not synced. I haven't sinced the mintcoin like 6 months. I had a million mintcoins before. What happend? Will I get my coins when my wallet syncs?

Thanks for help

RJF

hero member

Activity: 616

Merit: 500

Online since '89...

Quote from: Derek492 on June 05, 2015, 09:35:31 AM

Quote from: DougB62 on June 05, 2015, 08:45:37 AM

For those who aren't aware, Comkort exchange is closing. Time to get your MINT out:

Quote

"...ALL users have to withdraw their funds before July 19th, 2015 inclusively. July 20th, 2015 we will suspend servers which will deactivate all the wallets and all further withdrawals will be technically impossible."

I am beginning to get the sense that crypto exchanges are, if not already, the next realm of mass scamming. Open an exchange, people deposit, then quickly shut down (taking all the coins). Roll Eyes

Comkort is actually doing a fair job of notifying depositors to remove their coins and giving enough time to do so. The scamming exchanges actually started with MtGox back in '13...

litemaster

full member

Activity: 169

Merit: 100

Mint is moving up nicely. number 13 in total volume 24 hours as of this writing and at 16 sats up to number 42 in market cap.

iHashFury

full member

Activity: 141

Merit: 100

Quote from: someguy4 on June 05, 2015, 10:49:40 PM

Price does look upwards atm. In case anyone was interested here's what I've been doing over the last 6 months... http://www.mathewoxenham.co.uk/files/pi/quadcopter/quadcopter.html

Cool future mobile mintcoin node drone

iHashFury

full member

Activity: 141

Merit: 100

Quote from: iHashFury on May 13, 2015, 02:20:57 PM

Start MINTing on arm processors - low power cheep nodes for everyone

Startup your Raspberry-pi's and CuBox-i's

A bit of a hack needed but it works

https://github.com/MintcoinCommunity/Mintcoin-Desktop-Wallet/issues/11#issuecomment-101760242

Update on Mintcoin on ARM architecture:

3 weeks to download the block chain - stable wallet and no issues
Transferred all my mint so I have another 20 days wait to start low power minting. Cool

Glad to see the price improve Wink

Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 146. (Read 1369778 times)