Topic: [ANN] Philosopherstone - PHS | No Premine | Mandatory update 1.2Beta3 - page 6. (Read 81162 times)

That's just to catch people not tipple checking their orders..  .004 instead of .0004 or .0004 , etc

YEAH THIS STUFF is becoming HARD to mine.  I am not at ALL interested in selling for less than 0.7 BTC / 1k 
and all the buyers on coin-ex are OFF BY A FULL DECIMAL offering 0.04 BTC / 1k  BUT CLOSE is Still Holding at 0.4 BTC / 1k.

SO... HOLD OUT... Remember you are adding to network stability just by keeping your wallet open and getting a dividend to do it.  Hold On if you can SELLERS  THE DIFF IS RISING QUICKLY.  - digeros

Security is the first, otherwise your "savings account" worth less than nothing. This is something that should be understood before performing any investment.

There is no "interest" in terms of banking. This "interest" is paid not for holding money, but as a reward for participation in the network protection. In the meantime, such stake blocks (static 50-100% interest without a payment volume limitation, 45s or 1 minute spacing, 5 days min age, 0.0001 diff) provides no additional security, so they pay for nothing. People are getting money from nothing and for nothing, such usage of stake is not a savings account, it's just a part of the pyramid scheme. Pyramid can't be long-term if you have no emission instrumentation, i.e. if you are not a chairman of the FED.

Just a random block from explorer etc etc.

Status on promo digerOs?

ANYONE NOT Running the New  VERSION 1.2Beta3 By Palm Detroit  Get it a FULL install VERSION HERE  with all the DLL's and other files etc etc
WINDOWS VERSION: on MEGA.

PHS_12B3_install.zip (15.9 MB)

  - digeros

Thanks for the Clarification Balthazar and Yes I am in a LONG TERM investment in CryptoCurrencies of TRUE value  and PHS is the best partner to Bitcoin for retention of value like a savings account (interest payments) etc etc.

Good , its scheduled for more exchanges soon and I am making sure we get all nodes updated to newest builds.

Also have some promotions coming up soon, just wish I kept more mining to enjoy this profit margin  

I will most likely put together a promotions and development donations account when I get a chance.

yes i know this.. thats why i've held onto my PHS and continue to mine it with my rigs

Well earlier in the day with the very low difficulty and .8 BTC / 1k exchange rate each 1Mhash = $35 dollars a day ...


{
"blocks" : 13850,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 12.26348314,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 441194407,
"pooledtx" : 0,
"testnet" : false
}

look at that diff and network hashrate  

Edit:



{
"blocks" : 13876,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 20.07560229,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 707431056,
"pooledtx" : 0,
"testnet" : false
}


Wow

If you have an older client...

Latest build: 1.2-beta3


Source:
https://github.com/palmd/philosopherstone

win32 QT (this QT contains the error reporting correction)
http://sourceforge.net/projects/philosopherstone/files/

-----===-----
Recommended Directions for upgrading:
-----===-----
Windows default directory: C:\Users\Username\AppData\Roaming\Philosopherstone

(If from 1.2-beta1 and full chain, simply run the new 1.2-beta3 client, done!)

from old 1.2,1.1,  ole "el diablo 6084 de muerte", or 'el nino Coinupcabra 9346' (very very important to delete all the bad first)

1.Make sure client is not running. If you just closed it wait at 60 seconds for it to shutdown entirely.
2.Backup wallet.dat file (copy elsewhere) from your Philosopherstone directory, this file is the one that matters.
3.Delete all files/folders inside your Philosopherstone directory except wallet.dat and philosopherstone.conf, you can keep but better to delete peers.dat
4.Then run the new 1.2-beta3 client and keep an eye on the progress as it downloads the new chain.
5.If you see coins appear and reappear and other oddities, this can be normal, don't panic.
6.If the client hangs for a long time (more than 10-15 minutes or a typical computer) start over at #1
6.It's possible to gain or lose coins during this process. This is the healing process
7.Hopefully you have now joined the rest of the good and can again be a productive member of the network

So, from what i can understand it is the check-pointing that is the true security solution to forking and most basement dweller coin copy/paste creators are too lazy to do the architectural security features needed to move an Alt-Coin from a Toy to a Commodity to a Currency -digeros

For more info from link above

Right now, I would just like the 1.0 client nodes to upgrade

This "Stable rate of block creation, etc." means absolutely nothing in terms of security.

https://bitcointalksearch.org/topic/m.2831990

5-10 days age + diff 0.0001xxxx it's just a testnet, not a production. It's secured only by Palmdetroit's checkpointing node, without sync-checkpoints almost anyone able to fork such chain and perform double-spend attack. BTW, that's right for any "fast" NVC fork. And the most part of them even doesn't have working checkpointing nodes, just because the "developers" have no idea about the security model, which they tried to copy without performing any analysis before.  
 
That's how things really are, for the moment. If you care about the survival prospects, not just about "mine && sell" strategy.

I think that the days of Solo Mining PHS are just about over! with the diff this high, so anyone who wants PHS will have to either mine in a pool or buy the PHS.  

I have looked at a Bunch of other coin architectures (searching for something worth mining, etc)  and I think that PHS is the BEST!!! -  Stable rate of block creation, strengthening POS network, GREAT POS payment 50% seems to me to be a good annual interest on unmoved coins and the POS generation every 10 days is working GREAT.  

All the other POW/POS script coins usually create a coin with too few mining confirmations and too quick a block generation - which gives too much advantage to early adopters to acquire too great a percentage of the total coinage - which leads to volatility in the exchange markets.  I think that PHS is the Savings Alt Coin for which we have all been waiting.  - digeros

PPS  I am also trying to organize a BUTTONWOOD Crypto-Trading Group on Meetup.com in Elk Grove, CA (Near Sacramento,CA)

PASS IT AROUND  PLEASE --- so WE can all have a beer together and talk Crypto...  http://www.meetup.com/Elk-Grove-ButtonWood-CryptoCurrency-Trading-Discussion/

BITCOIN NEWS 8/17/2013  not sure where to put THIS  but in a way it affects us all ... Only decent discussion of Bitcoins in News on RT
Capital Interest and Keiser Report (Max Keiser is a Bitcoin Millionaire from PirateMyfilm.com).

Here are some videos about bitcoin recently (todays news on RT.com)  All in english
Daily News Report with Bitcoin Segment and US Authorities (BIG BANKSTERS / VISA /AMEX) "becoming concerned"
http://rt.com/bulletin-board/rtnews-august-16-1200msk-562/

Russian trying to crack down on TOR network
http://rt.com/politics/russia-tor-anonymizer-ban-571/

http://rt.com/shows/prime-interest/bitcoin-gold-snowden-us-600/  BitCoinVs.Gold   what funny is about this is, I weekend gold pan (in theSierra) and have about as much money in goldpanning/camping equip as I do in computers but have made far more money in BTC than I ever did digging for gold...  Anyone want to buy GOLD PANNING equipment for BTC? haha digeros

Are you all solo mining?

 

sounds like they may be from one of the many dead chains, but maybe not.  How did you get the coins? Solo-mine? Also what client where you on and which client are you on now?  If you are using beta3 (see link below) just go through that process to delete the current blockchain and then do a fresh download of the chain to see if anything changes.

https://bitcointalksearch.org/topic/m.2938461

After sync my wallet informed from 1,4K PHS -> 85 PHS. The rest of transactions showed "?" symbol. Please help me recover my PHS...