[ANN] RazorLove Cryptocurrency Services - DBL, CENT, & FOO/BAR Updates - page 100.

CheekyChappy

full member

Activity: 238

Merit: 100

Quote from: Petr1fied on December 17, 2013, 11:11:37 AM

All CENT created up to the deadline would still exist and be spendable.

When the deadline passes there will be a fork with old client versions going one way and new client versions going another and refusing to accept blocks from the older versions which means any stake generated by an older version past this point would not be valid.

After a further week the new stake rules would kick in.

Key to the success of this would be to get cryptsy to update their client to the new version. This should make others follow suit as they will need to use the new version in order to send their coins to crytpsy.

Is the new client version available to download as of now?

Petr1fied

hero member

Activity: 630

Merit: 502

All CENT created up to the deadline would still exist and be spendable.

When the deadline passes there will be a fork with old client versions going one way and new client versions going another and refusing to accept blocks from the older versions which means any stake generated by an older version past this point would not be valid.

After a further week the new stake rules would kick in.

Key to the success of this would be to get cryptsy to update their client to the new version. This should make others follow suit as they will need to use the new version in order to send their coins to crytpsy.

CheekyChappy

full member

Activity: 238

Merit: 100

Quote from: Petr1fied on December 17, 2013, 10:09:50 AM

Hi guys,

I'm the person who submitted the latest update to Doubloons so just to clarify what exactly this update changes:

The minimum transaction fee is now 0.001 DBL (down from 0.1). This change comes in immediately so lower fees for sending coins is a definite incentive to update ASAP.
As from 1st January 2014 at 00:00:00 GMT the new version will stop accepting connections from older doubloons versions. This is to ensure all clients are on the same hymn sheet for what is to come later.
From block 150,000 Doubloons will switch to difficulty retargeting every 30 blocks instead of the current 720 blocks. It will also be limited to +/- 110% (down from +/- 400%). This should bring an end to the current roller coaster situation as the changes will be gradual and evaluated much more frequently than currently.

I've also submitted a pull request for a potential Proof of Stake fix for CENT which will drastically reduce the stake that is causing hyper inflation.

Users will need to update before 1st January 2014 at 00:00:00 GMT after which the new version will no longer accept new connections from older versions. To further enforce this update the new client will no longer accept blocks from older versions (which may still remain connected) past this deadline.

Exactly 7 days after this deadline (8th January 2014 at 00:00:00 GMT) the new Proof of Stake values will kick in and reduce stake by a factor of 10,000. This would mean a transaction of 100,000 would generate approximately 90 CENT on top of the original stake after the typical 9 days it takes for stakes to happen.

Of course this is subject to review and approval by The_Catman as the new coordinator of these coins but I believe such a drastic reduction in the Proof of Stake is now essential if there is to be any future for this coin.

Thank you for your detailed post. Could you please explain what happens to existing CENT when the new system kicks in?

Some people writing in this thread have hundreds of millions and some have billions of CENT in their wallets. Will these remain as or will there be some modification made to them?

Thank you

dnaleor

legendary

Activity: 1470

Merit: 1000

Want privacy? Use Monero!

Quote from: Petr1fied on December 17, 2013, 10:09:50 AM

Hi guys,

I'm the person who submitted the latest update to Doubloons so just to clarify what exactly this update changes:

The minimum transaction fee is now 0.001 DBL (down from 0.1). This change comes in immediately so lower fees for sending coins is a definite incentive to update ASAP.
As from 1st January 2014 at 00:00:00 GMT the new version will stop accepting connections from older doubloons versions. This is to ensure all clients are on the same hymn sheet for what is to come later.
From block 150,000 Doubloons will switch to difficulty retargeting every 30 blocks instead of the current 720 blocks. It will also be limited to +/- 110% (down from +/- 400%). This should bring an end to the current roller coaster situation as the changes will be gradual and evaluated much more frequently than currently.

I've also submitted a pull request for a potential Proof of Stake fix for CENT which will drastically reduce the stake that is causing hyper inflation.

Users will need to update before 1st January 2014 at 00:00:00 GMT after which the new version will no longer accept new connections from older versions. To further enforce this update the new client will no longer accept blocks from older versions (which may still remain connected) past this deadline.

Exactly 7 days after this deadline (8th January 2014 at 00:00:00 GMT) the new Proof of Stake values will kick in and reduce stake by a factor of 10,000. This would mean a transaction of 100,000 would generate approximately 90 CENT on top of the original stake after the typical 9 days it takes for stakes to happen.

Of course this is subject to review and approval by The_Catman as the new coordinator of these coins but I believe such a drastic reduction in the Proof of Stake is now essential if there is to be any future for this coin.

GREAT!!! arrrrrrrr Tongue

Petr1fied

hero member

Activity: 630

Merit: 502

Hi guys,

I'm the person who submitted the latest update to Doubloons so just to clarify what exactly this update changes:

The minimum transaction fee is now 0.001 DBL (down from 0.1). This change comes in immediately so lower fees for sending coins is a definite incentive to update ASAP.
As from 1st January 2014 at 00:00:00 GMT the new version will stop accepting connections from older doubloons versions. This is to ensure all clients are on the same hymn sheet for what is to come later.
From block 150,000 Doubloons will switch to difficulty retargeting every 30 blocks instead of the current 720 blocks. It will also be limited to +/- 110% (down from +/- 400%). This should bring an end to the current roller coaster situation as the changes will be gradual and evaluated much more frequently than currently.

I've also submitted a pull request for a potential Proof of Stake fix for CENT which will drastically reduce the stake that is causing hyper inflation.

Users will need to update before 1st January 2014 at 00:00:00 GMT after which the new version will no longer accept new connections from older versions. To further enforce this update the new client will no longer accept blocks from older versions (which may still remain connected) past this deadline.

Exactly 7 days after this deadline (8th January 2014 at 00:00:00 GMT) the new Proof of Stake values will kick in and reduce stake by a factor of 10,000. This would mean a transaction of 100,000 would generate approximately 90 CENT on top of the original stake after the typical 9 days it takes for stakes to happen.

Of course this is subject to review and approval by The_Catman as the new coordinator of these coins but I believe such a drastic reduction in the Proof of Stake is now essential if there is to be any future for this coin.

dragon695

full member

Activity: 449

Merit: 103

Decentralized Ascending Auctions on Blockchain

Quote from: The_Catman on December 15, 2013, 08:32:25 PM

Quote from: ?? on ??

Where's a link to a client download for CENTS?

Quote from: dragon695 on December 15, 2013, 10:21:29 AM

Can we have binary repos like shake did? It was really helpful for keeping up to date.

It's in the OP. The new doubloons wallet will be released in the same place when it's compiled.

That is not what I meant.
I mean one repository for each client/platform that is non-compressed directory like what Doubloons had
(https://github.com/geocoin/doubloons-qt.git) and what Argentum has (https://github.com/AlphaC4/ArgentumQT.git). Like I said, it makes it super easy to keep your wallet clients up to date.

CheekyChappy

full member

Activity: 238

Merit: 100

Quote from: The_Catman on December 17, 2013, 02:16:03 AM

Quote from: sergiu2k on December 17, 2013, 01:04:28 AM

The Cat Man how can you tell something like that? when lots of people invest lots of money? if we want fun we are going outside to play...for fun you make something else not virtual coin and put it on a market....and stupid people like me invest in that coin...and after that you write on these forum...it is just for fun...i will not try make it valuable...pfff

I'm not changing anything, this has been the case for the coin since shake made it, he never even announced it anywhere. It's always been a for-fun coin and if people want to invest in it that's fine, but I'm not going to take any responsibility for your monetary loses. You're investing in monopoly money as far as the devs are concerned.

Thanks for your efforts The Catman

bikerleszno

hero member

Activity: 656

Merit: 501

XBY - New Tech Coin (POSIGN) xtrabytes.global

Quote from: seek4dream on December 17, 2013, 03:04:23 AM

market will decide whethet it has value.
all catman need to do is fix it. and i really appreciate your effort. thanks.

Absolutelly right, we dont need anything beside fixing it and we will be happy Wink

seek4dream

hero member

Activity: 966

Merit: 501

market will decide whethet it has value.
all catman need to do is fix it. and i really appreciate your effort. thanks.

bikerleszno

hero member

Activity: 656

Merit: 501

XBY - New Tech Coin (POSIGN) xtrabytes.global

Quote from: The_Catman on December 17, 2013, 02:16:03 AM

Quote from: sergiu2k on December 17, 2013, 01:04:28 AM

The Cat Man how can you tell something like that? when lots of people invest lots of money? if we want fun we are going outside to play...for fun you make something else not virtual coin and put it on a market....and stupid people like me invest in that coin...and after that you write on these forum...it is just for fun...i will not try make it valuable...pfff

I'm not changing anything, this has been the case for the coin since shake made it, he never even announced it anywhere. It's always been a for-fun coin and if people want to invest in it that's fine, but I'm not going to take any responsibility for your monetary loses. You're investing in monopoly money as far as the devs are concerned.

This way we can say that BTC and LTC and others coins are for fun also because nobody is responsibility for them ...

Have a fun

Have a money

The_Catman

full member

Activity: 168

Merit: 100

Captain Jack Fenderson

Quote from: sergiu2k on December 17, 2013, 01:04:28 AM

The Cat Man how can you tell something like that? when lots of people invest lots of money? if we want fun we are going outside to play...for fun you make something else not virtual coin and put it on a market....and stupid people like me invest in that coin...and after that you write on these forum...it is just for fun...i will not try make it valuable...pfff

I'm not changing anything, this has been the case for the coin since shake made it, he never even announced it anywhere. It's always been a for-fun coin and if people want to invest in it that's fine, but I'm not going to take any responsibility for your monetary loses. You're investing in monopoly money as far as the devs are concerned.

arajdhariwal

newbie

Activity: 13

Merit: 0

Quote from: The_Catman on December 16, 2013, 08:52:58 PM

Pennies are not intended to be valuable. This was a just for fun coin, a proof of concept on eliminating decimals. That's it. I'll fix it but I'm not going to try and make it "valuable".

So let everybody have fun and earn at the same time, Mr Catman, just to remind my offer of helping or setting up bounty for pennies development, like website, casino sites etc, or you suggest,

regards

arajdhariwal

sergiu2k

newbie

Activity: 14

Merit: 0

Pennies are not intended to be valuable. This was a just for fun coin, a proof of concept on eliminating decimals. That's it. I'll fix it but I'm not going to try and make it "valuable".

The Cat Man how can you tell something like that? when lots of people invest lots of money? if we want fun we are going outside to play...for fun you make something else not virtual coin and put it on a market....and stupid people like me invest in that coin...and after that you write on these forum...it is just for fun...i will not try make it valuable...pfff

Son_of_Dragon

newbie

Activity: 14

Merit: 0

Quote from: The_Catman on December 16, 2013, 08:52:58 PM

Pennies are not intended to be valuable. This was a just for fun coin, a proof of concept on eliminating decimals. That's it. I'll fix it but I'm not going to try and make it "valuable".

Fun is enough, there have many VALUE coin already.

dnaleor

legendary

Activity: 1470

Merit: 1000

Want privacy? Use Monero!

Quote from: The_Catman on December 16, 2013, 11:25:36 PM

Doubloons 0.10.0.0 wallet has been compiled and is curreently uploading to the binaries repo! (Source is also up in the source repo.)

This will fix the diff roller coaster by reducing the retarget window to something more reasonable, also fixes ridiculous tx fees. Changes will take effect in January 2014 so update your clients by then!

Check the OP for links.

*Note: it may be awhile for the upload to finish, I have a terrible internet connection. Please be patient.

GREAT!!!

thx matey!

The_Catman

full member

Activity: 168

Merit: 100

Captain Jack Fenderson

Doubloons 0.10.0.0 wallet has been compiled and is curreently uploading to the binaries repo! (Source is also up in the source repo.)

This will fix the diff roller coaster by reducing the retarget window to something more reasonable, also fixes ridiculous tx fees. Changes will take effect in January 2014 so update your clients by then!

Check the OP for links.

*Note: it may be awhile for the upload to finish, I have a terrible internet connection. Please be patient.

seek4dream

hero member

Activity: 966

Merit: 501

fun is valuable

bikerleszno

hero member

Activity: 656

Merit: 501

XBY - New Tech Coin (POSIGN) xtrabytes.global

Quote from: The_Catman on December 16, 2013, 08:52:58 PM

Pennies are not intended to be valuable. This was a just for fun coin, a proof of concept on eliminating decimals. That's it. I'll fix it but I'm not going to try and make it "valuable".

Great, maybe concept was like you said, but every coin in the internet has value ...

If you will fix it it will get value bigger and bigger... waiting for you fix update Wink

thx

The_Catman

full member

Activity: 168

Merit: 100

Captain Jack Fenderson

Pennies are not intended to be valuable. This was a just for fun coin, a proof of concept on eliminating decimals. That's it. I'll fix it but I'm not going to try and make it "valuable".

bikerleszno

hero member

Activity: 656

Merit: 501

XBY - New Tech Coin (POSIGN) xtrabytes.global

What The_Catman has to do, to make pennies more valuable ?

Topic: [ANN] RazorLove Cryptocurrency Services - DBL, CENT, & FOO/BAR Updates - page 100. (Read 153388 times)