Topic: [ANN] official NovaCoin thread - the original PoS+scrypt coin. --POOL LIST-- - page 37. (Read 282664 times)

If you do that then you should also include transaction fees in the PoS block reward. 

Features planned for 0.4.4.6+

• Deterministic wallets, i.e. keychains generation from seed (user supplied or automatically generated, see Electrum for example);
• Separated databases for keys and transactions, instead of wallet.dat;
• Add support for free transactions and decrease the price for 1kb (i.e. bitcoin-like fees scheme);
• Remove lower output value limit for user and coinstake transaction types;
• Add maxtxfee configuration option and RPC call;
• Include PoW block txfees into the PoW block reward (like bitcoin does, to make transactions handling more profitable in comparison with empty PoW block generation).

Legenda:
Supported by users, investors and developers;
Questionable at the moment.

http://forum.seacraft.sc/en/index.php/topic/679-new-way-to-get-the-seacraft-%E2%80%93-crypto-currencies/#entry3004

 

The novaco.in services available again

The novaco.in services are down ATM, because the optic cable got a significant damage.

http://forum.seacraft.sc/en/index.php/topic/679-new-way-to-get-the-seacraft-%E2%80%93-crypto-currencies/#entry2992

Just another victim of propaganda

http://www.youtube.com/watch?v=4MLbfOHinbE

vindimy, what happened to your trust score?

Hello there,

Reddit ALTcointip bot has just announced its 2nd round of signups for a list of supported cryptocurrencies.

Please see the announcement for details. Thanks!

-- vindimy

Coins limit theoretically could be reached only in the very distant future, but another part of statement is correct enough. There are 3 basic factors which makes contribution into the resulting inflation rate:

• PoW block reward (depends on the PoW difficulty);
• CoinDays monetizing process (depends on the PoS difficulty && active inputs sum value);
• Coins destruction through the network fees (depends on the market activity).

So, we theoretically have a dynamic inflation rate which depends on the audience size and the market capitalization.

P.S. Some rules may vary in the protocol updates (e.g. txfee per 1kb, see BTC or LTC for the real-life examples), but it has only a little effect on the final result.

Today was the first time I've seen Novacoin mentioned in a major newspaper:


http://www.theguardian.com/technology/2013/nov/28/bitcoin-alternatives-future-currency-investments

Is it really a good selling point to mention the 2bn cap but fail to mention that it may never be reached and that Novacoin is in fact one of the altcoins with the fewest coins in existence?

Novacoin has, in my opinion, the best design of all the coins. Sadly most people don't bother to do their own research and simply don't know how good it is. I think we should do some serious brainstorming and improve our marketing materials.

Here are the major selling points that come to my mind:

• Great design: Combines the best qualities of Bitcoin, Litecoin and Peercoin with its own improvements
• Very secure: Hybrid PoW/PoS design, attacker would need more than 50% of each to do double spending
• Fairness: Most coins are mined by PoS and go to those who own NVC, not to those who have cheap electricity
• Profitable: Considerable interest can be earned from PoS mining

Maybe it was a syncronization issue. Such message means that the specified input is already marked as spent or doesn't exist in the available block chain copy.  

Haha, you should have waited 5 minutes more!

The only advice I can offer is to always make a backup of your wallet.dat so that you can easily recover your coins if something like this happens.

Hopefully someone can help me out here. I have what should a balance of 4.09 novacoin in this account: 4WQNm6LsRRzpm4JHA3iB9N1TWvP3k65CXz http://nvc.cryptocoinexplorer.com/address/4WQNm6LsRRzpm4JHA3iB9N1TWvP3k65CXz. The novacoin-qt client shows a 0 coin balance. When I repair the wallet the coins show up, all 4.09 of them. But as soon as I try to send the coins I get an error message saying: "Error: The transaction was rejected. This might happen if some of the coins in your wallet were already spent, such as if you used a copy of a wallet.dat and coins were spent in the copy but not marked as spent here." I have tried importing the private key to a different wallet with no success, it brings up the same error message. Any help that could be offered would be appreciated.

Edit: After 3 weeks of trying to process this transaction, 5 minutes after I posted this it cleared. Thanks anyway.

I just recommend any new comers to Novacoin, or to alt-coin trading in general, to do at least do 1 hour research into NVC before saying the old tired stuff.

Do you know what my first post about  Novacoin was, 8 months ago?  It was something along the lines of "Is NVC just the newest scam lol, what a joke" -- or something to that effect, check my post record if you don't believe me, maybe it was my 30th post (complete guess).

But you know what? I jumped the gun like many others and accepted the prevailing bad press about Novacoin. This is in part because of all the scam/dumb coins that do exist, which makes people defensive, understandably. Novacoin is not one of those.  I read up on it, Balt himself patiently addressed my own ridicule of the coin back then, and now 8 months later I can say come around 100%. I was wrong in my initial poor judgement NVC, and this changed after learning more about it.  

Just asking people politely to please read the facts (and not so much the press) and make your own judgement if you are new to NVC.  

Also consider the possibility that at least some of the people telling you it is such a bad coin could also just be trying to keep the price down for themselves.

edit: here's the link to my own post. Just want to show how much I came around from my initial impression to my sincere liking of the design of this coin:

https://bitcointalksearch.org/topic/m.1783254

That's quite simple, I think.

http://en.wikipedia.org/wiki/Martingale_(betting_system)

Could be used for roulette, dices, etc. Some stupid trading bots could use this system too.

I cannot answer what's the benefit of this trading strategy, but I've seen it quite frequently, often on cryptsy and mcxnow. Lots of These mini orders, and in many cases also twin mini orders (two orders right next to each other with the same tiny amount. Someone mentioned this is a trading bot called "jew bot" but I couldn't find anything on that.
My assumption is that These mini orders placed between larger orders are possibly supposed to "hide" an upcoming wall for the "Manual" Trader. But that's just a theory.
So sorry that I cannot provide a definitive answer other than that I frequently see this type of orders, it's not specific to NVC.

Kind regards
Mike

There we go.  Finding when people do shitty things is easy.  Finding when people actually clear things up is difficult. 

I appreciate the help.  Thank you.

I'm still curious as to a trading strategy which is beneficial for placing hundreds of automatic buy orders for 0.1 when the fee is so high if it is not BTC-e manipulating the market.

Again, thanks for clearing up the issue regarding the 100k pre-mined novacoins.

Nice to meet you. I'm currently only invested in NVC but was looking at some of the other altcoins to see if any looked attractive. I noticed LTC has been trading around $3 or so for a long time, and then recently it randomly shot up to $17. Just curious what's going on with this coin as it seems really unstable if this is just due to technical trading, or if there was a real event that caused the value to jump?

http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ltc-usd&market=btc-e

https://bitcointalksearch.org/topic/110k-premined-nvc-is-successfully-destroyed-144158