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Topic: [ANN] [SFR] SaffronCoin | Latest Version - 1.4.2/2.6.2 | Mandatory Wallet Update - page 124. (Read 437833 times)

full member
Activity: 126
Merit: 100
You can download the MAC Wallet v2.3.1-beta from here : http://[Suspicious link removed]/1kfvv6C

hi dev.. what do you mean beta.. still not working?
member
Activity: 84
Merit: 10
Voting is locked. We are going with the second option which has most votes.
But we are using a different block reward system. This helps in lesser inflation and is good for miners as well as investors.

We have started working on the code. Will push the new wallets and daemons once it is done. Once the updates are pushed, the hardfork should kick in after approximately 1 week.

Nice work. Smooth voting. No bickering. Good communication. Quick and decisive!

Of course a small community makes that part easy, but that's why its better to make the choice now vs later Cheesy

hero member
Activity: 560
Merit: 500
Voting is locked. We are going with the second option which has most votes.
But we are using a different block reward system. This helps in lesser inflation and is good for miners as well as investors.

We have started working on the code. Will push the new wallets and daemons once it is done. Once the updates are pushed, the hardfork should kick in after approximately 1 week.
hero member
Activity: 728
Merit: 504
Great, Keep the ideas coming. I have a few of my own and I am sure other do as well. I will collaborate all of them.


I saw both the draft and final whitepaper but I just want to get on record that I though it was very good and definitely sets a forward strategy for SFR. With the white paper done, development work at full pace and coin inflation to be reduced as per the communities request.... I agree with coinViking that our missing link is marketing. 'Marketing' is a big thing thats means different things to different people so I will be proposing a marketing plan within the next 48hrs to the community via the ,ev/IRC,etc. I am hoping that others will assist.

Saffron will get to 10000sat slowly but surely however with just 50 people voting in a recent poll it seems we have a lot of room for 'marketing' ideas and implementation.

We have to tip people for voting to get more people involved in Saffron.

Also give people that have a lot of twitter followers in cryptoworld some saffron or btc to promote the coin
hero member
Activity: 868
Merit: 1000
I saw both the draft and final whitepaper but I just want to get on record that I though it was very good and definitely sets a forward strategy for SFR. With the white paper done, development work at full pace and coin inflation to be reduced as per the communities request.... I agree with coinViking that our missing link is marketing. 'Marketing' is a big thing thats means different things to different people so I will be proposing a marketing plan within the next 48hrs to the community via the ,ev/IRC,etc. I am hoping that others will assist.

Saffron will get to 10000sat slowly but surely however with just 50 people voting in a recent poll it seems we have a lot of room for 'marketing' ideas and implementation.

We have to tip people for voting to get more people involved in Saffron.

Also give people that have a lot of twitter followers in cryptoworld some saffron or btc to promote the coin
hero member
Activity: 728
Merit: 504
I saw both the draft and final whitepaper but I just want to get on record that I though it was very good and definitely sets a forward strategy for SFR. With the white paper done, development work at full pace and coin inflation to be reduced as per the communities request.... I agree with coinViking that our missing link is marketing. 'Marketing' is a big thing thats means different things to different people so I will be proposing a marketing plan within the next 48hrs to the community via the ,ev/IRC,etc. I am hoping that others will assist.

Saffron will get to 10000sat slowly but surely however with just 50 people voting in a recent poll it seems we have a lot of room for 'marketing' ideas and implementation.
hero member
Activity: 490
Merit: 500
Something is wrong the network hash is down while I try and mine, it's the same on 2 pool?Huh

From my understanding, the saffron coin wallet doesn't utilize the rpc command MPOS looks for when displaying the network hashrate. It would be awesome if the dev could implement one of them!  Grin

Code:
Try coind getmininginfo and check for output. MPOS will use one key of:

networkhashps
networkmhps
networkghps
hashespersec
netmhashps
member
Activity: 111
Merit: 10
We may be able to cut supply, but will that increase demand?
Even with an immediate reduction in daily supply, we still need more exposure to both miners and investors.
I know people are itching to reply "but saffron is the best coin and everyone will want it just wait because everything always turns our good for good things".

People look at dark and think its stingy mining rewards caused it's value to jump. That is not entirely accurate.
Most of the jump came from anon intrigue and especially people buying to stake as a master node.

I'm not saying I'm against cutting supply.I understand the idea behind it.
Just not sure if everyone realizes that supply reduction alone, even with decreased mining insta-sells, does not guarantee higher values anytime soon.
Maybe a brief speculation spike....

But I'm down for what ever you guys choose Smiley

In other news, a pool operator friend of mine will be adding saffron soon!

Agreed. Striking a good balance with the emissions model is important but now moving forward the onus is on each of us (the community) to spread to word on saffron and organically grow interest and demand for the coin. Ultimate success depends on this.

legendary
Activity: 1288
Merit: 1000
Something is wrong the network hash is down while I try and mine, it's the same on 2 pool?Huh
sr. member
Activity: 258
Merit: 250
When I talked to the Dev yesterday it sounded like just a few days and the android wallet will be out. Good time to buy now.
member
Activity: 84
Merit: 10
Miners will mine anything that pays well, and covers the bills, or at least that's been my experience in mining.
1 coin or 100 coin, the reward isn't as important as the value in mining. Although 100 coins worth a lot is still better than mining 1 coin that's worth a lot.

There does need to exist a balance. Don't want it too exclusive, hard to get a hold of, or too pricey. It needs broad user base.
But obviously people go where the money is, so it can't be dirt cheap either Cheesy

If the coin supply is cut in half now, later more people mine it and difficulty sky rockets, will miners still make enough coin, depending on value, to make mining worth it?

I don't know Tongue

I think everyone just needs to start buying saffron and all will be well Cheesy
member
Activity: 94
Merit: 10
I understand that there has to be a balance between rewarding the miners and those prepared to take a risk with the coin

Is there a sweet spot between the two where the miners and the investors are happy with the coin?

I can see that favoring the miners helps with the longevity of the coin but what of the pool of people wanting to get into the coin, will it shrink because of the price? If it does and miners cannot sell the coin then what?

At one time the mining rewards where someone’s best guess and I have to say I think it was a good guess but maybe a >small< “course correction” is called for at this point
hero member
Activity: 560
Merit: 500
Devs said 2 weeks, i believe. Join the IRC sometimes, you get way more info than the forums.
hero member
Activity: 728
Merit: 504
Excellent news !! All we need now is a tentative date for the hard fork.


Dev, you said a bit[ as in a small amount ] but the the poll says "Yes, reduce reward to 35-40 which would effectively cut supply by half"

Is that where we are heading i.e  a reward reduction by approx 50% with the same block times ?




  Will the changes reduce the overall coins produced or just slow the rate of production?

The max coins and daily supply will be reduced a bit.

IRC CHAT:

[04:31] Hey guys
[04:31] Have prepared an outline of the supply control
[04:32] Want your views so that we can implement it
[04:33] Max coins 78M(65M after coming hardfork and 13M current supply)
[04:34] We are implementing gradual decrease of rewards. This helps in preventing inflation in the long run
[04:34] Not a fixed supply cutdown
[04:35] First 6 months, 30K supply/day
[04:35] For 1 yr after that, gradual decrease from 30K-15K
[04:35] For 2 years after that, gradual decrease from 15K-10K
[04:36] For 4 yrs after that 10K-5K
[04:36] For 10yrs after that, 5K-1K

Community have to agree.
hero member
Activity: 560
Merit: 500
The see-sawing price is frustrating, this coin is a good investment but who will hold it and who will buy it if the price is stagnant?

Welcome to crypto. Do you expect prices just to keep rising? Every coin has seen pumps, dumps and stagnation. It's normal. Btw if the price is sea sawing, then it is not stagnant, and if it is stagnant then it is not sea sawing.  Grin It's a good investment my friend, patience.
member
Activity: 94
Merit: 10
The see-sawing price is frustrating, this coin is a good investment but who will hold it and who will buy it if the price is stagnant?
hero member
Activity: 560
Merit: 500
Once SFR does get the exposure and becomes more mainstream, supply and reward reduction surely can't hurt demand. Reduction can only help demand imho. Im sure investors will be happier with this decision than most miners, but it will provide a good balance amongst the two parties, again imho. There's always going to be a give and take.
member
Activity: 84
Merit: 10
We may be able to cut supply, but will that increase demand?
Even with an immediate reduction in daily supply, we still need more exposure to both miners and investors.
I know people are itching to reply "but saffron is the best coin and everyone will want it just wait because everything always turns our good for good things".

People look at dark and think its stingy mining rewards caused it's value to jump. That is not entirely accurate.
Most of the jump came from anon intrigue and especially people buying to stake as a master node.

I'm not saying I'm against cutting supply.I understand the idea behind it.
Just not sure if everyone realizes that supply reduction alone, even with decreased mining insta-sells, does not guarantee higher values anytime soon.
Maybe a brief speculation spike....

But I'm down for what ever you guys choose Smiley

In other news, a pool operator friend of mine will be adding saffron soon!
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