Topic: [ANN] [SFR] SaffronCoin | Latest Version - 1.4.2/2.6.2 | Mandatory Wallet Update - page 156. (Read 437833 times)

Very interesting

I agree Vip, in the future pow/pos may become a very promising candidate. Personally the way I envision it would be for PoW to remain the true "backbone" and retaining an avg block discovery speed of 90sec to 120sec. Keeps miners interested and securing the blockchain, while the pow blocks handle the bulk of transactions. Then we implement a variant of PoS as a layer on top of PoW which allows for faster transactions and therefore could handle the "micro" transactions that are more time dependent (merchant purchases etc).

Here is the lightbulb moment: Design an actual prioritizing system built within the coin allowing people to select a faster transact at the cost of slightly higher tx fees. We give the user the option (Which SFR is allow about.. empower the user) to choose which "mode" best fits their needs. This way we have just created a new mode of reward for the network and as such these new transfer fees could be part of the basis of the PoS reward system.. Don't know what the pow/pos reward ratio would be, that would need to be explored but something reasonable (low % interest) coupled with this distributed extra tx reward system could make for a powerful incentive for investors whom dont mine like yourself. I dont know whether the fees would be distributed across the PoS users or if they would be given to the random node that completed the task but you get the idea. Also to get more rewards for holding, get more merchants or push for opportunities that make people want to use the "fast" tx more.. as such, potentially an interesting mechanism to motivate holders/investors to seek and push for merchant adoptions etc.

I enjoy considering all the possibilities and how we can make SFR stand appart from the rest. I do think this community is one of the best around, everybody just trying to make a better crypto. Its pretty awesome.

Did you see what just happened on bittrex?
This is two milion of cheap SFR that comes from being purchased in a mere two hours 
I think my purchase order for 5k will not pass 

Coin Viking I agree with you that POW is very important for SFR, but if we want wider adoption of SFR than not just miners, there should be something for others as well. We want SFR to succeed in long term and these things are very important for long term. Also its important that investors investment does not dilute too much by number of coins created daily. These small changes now will help SFR in long term. I am an investor, I have never minted a single coin in my life coz I don't have knowledge for it. Miners can keep mining and increase their share but I will need money to buy at market price, so I will want POS as I can still keep my % share by just keeping coins in my wallet and also contribute to the network.

For SFR I think POW and POS on top of it will be good, 50/50 supply for both. Also darkcoin's reward structure is good, if its possible to implement that. Our coin is really good and we can make it best. Other features like anonymity and all are also important these days.

The big difference Vip is that the daily SFR supply is split 5 ways do to the multi-algo hashing structure. Its makes it kinda pointless for the big multipools to mine since they cant control the diff overall. The vertcoin issue is more complex in that they have seen their value drop over time by quite a margin and the devs are steadfast in their "handsoff" approach. Different philosophy. I own quite a bit of vert and it has been somewhat dissapointing, though think it is a good coin. The reason i fear is lack of demand and the whole anti-asic stance as the defining feature has been made somewhat less important with the constant influx of new chained algos thats hurting its value moreso. But thats just my views on it. Anyways, for sfr if u mine 1 of the algos the best ypu could ever get daily is 1/5 of the daily supply.. Which doesnt really make it all that profitable currently. What im afraid of the whole reducing the daily minting is that sure price rises to a new higher bottom... But then what? Cut it some more because it stalls out? Its a vicious cycle that only serves the holders and is not sustainable. Trying to find a good comprosime is important however so reducing to the 40-50k seems reasonable to me. All about finding a good balance and then work on organically increasing interest = demand. The total supply issue to me is kinda strange since it will take several decades to mine out. If people just buy into a coin because  it has a low supply then they are not doing they homework, heck even coins that have low tot supplies follow the same trend any other coin that dosnt keep pushing the enveloppe.. They fade due to disinterest. Besides reducing the totsupply is a nightmare, look at cai/caix youd be creating a whole a new then have to exchange the current ones to the new ones via exchange etc. it can get messy. And are the coins that have done that better off? Not really, after the initial spike in price they fall back to the relative value they have before. Just trying to make sure that all is considered and we make sure the change is for the best possible benefit of SFR for the longrun and not simply for a short term "bump". As far as PoS at some point it could/should be considered as more people move their funds to mobile platforms though it should never be made to replace the pow scheme currently in place. Pos in its current incarnation creates inherent centralization to a certain extent and is much more vulnerable to attacks, so until new version of Pos come along that solves the issues it has as a proof id never consider it as the future backbone to SFR. Most in crypto arent long term investors but rather traders... There is quite a difference, investors see the future mid/long term they look at potential, activity, and the drive to create something out of nothing. Traders just wait for price bumps and manipulate to ride the waves and sell for immediate profit. Lets be minful as to whom we actually want to be attracting and what we want this coin to be.

grs-sgminer version 1.3.0 is out and has optimized myriadcoin-groestl support for AMD Southern Islands video cards.

If you are mining Groestl and you have R9 270X, R9 290, R9 280X, or 79X0 videocard, check out https://bitcointalksearch.org/topic/anngroestlmyriadgroestl-pool-closed-652849

R9 290 = 33MH/s, R9 270X = 16.5 MH/s.

No problem  . The big plus for SFR is the multi algo so no multipools problem like vtc have.

Yeah done a bit mistake there, sorry. Thank you for correction.

it's suppose to be 28 800 VTC mined each day and a big part of those are mined by multipools dumping them after.
50 Vtc/ block, 2.5 mins/block

Yea we will definitely decrease daily supply from 70k to about 40-45k. Anything more than will affect the coin's stability and it is not technically supported and it will end up becoming a new coin entirely. We need to include another hardfork feature mostly "optional" stealth addresses. We need to calculate the development time needed for that feature. If it is quite high then we will undergo a hardfork just to reduce the coin supply. But we will do our best for the developments to happen fast.

Just noticed an interesting thing in Vertcoin "Stealth address implementation announcement thread". People are complaining about the reward structure and block halving there. Vertcoin has about only 6 million coins in circulation in "six months" time period. Currently about only 576 vertcoins are minted daily, which amount to about 0.3 BTC dumping per day and people are still upset about it. They are saying that devs are too ignorant to change block halving which is currently  4 years.  SFR has total 110 million coins , approximately 70k coins are minted daily and at current prices it amounts to around 0.5 BTC. That is way more than VTC. The point is to draw interest of investors we need to do something sooner about the supply and reward system, so that miners dumping don't affect the price. Price is the main thing that investors are interested in as if they are loosing money in their investment, they will never invest.

It will not be a good idea to make it full POS but yeah POS can be added on top of it with a very low rate of interest say for example between 2-5 % per year. But the reduced supply could be structured in a way that it takes more than 100 years to mine the remaining coins.

yeah , both android and iOS wallets would be great.

dev,You can give me some coin to test wallet

this coin just looking better and better, great dev

MAKE it down to 55 millions coin then POS
9-12% POS to secure the network.

block time 60-120secs is better.
People like fast and that easy for mobile use as payment option also.

Coin viking I think 180 secs will be too slow, In fact I was about to say reduce block reward  by 75%  and block time by 50%( only if its possible and viable option).  But yeah supply is too much and network can be secured by the POS as well by just opening as well. There are so many coins now that even 50 million looks so high that nobody will buy it for more. It is an disadvantage for any coin to constantly increase supply, We can also use some formula in which difficulty will be inversely related to supply, so more the difficulty and lesser the coins, with maximum per day to half less than current supply. We can also reduce the total supply. Lets start the discussion with community, whatever everybody decides we can go ahead with that.

Dev,

Please dont forget my suggestion for a counterparty protocol using the existing Saffron blockchain that will allow 3rd party financial instruments[ commercial & private] to be created. Its complicated stuff but Wall street money is starting to move into alternative crypto's and I believe this feature will put Saffron in the top 5. If SFR is targeted by even a small hedge fund using just 1% of their assets then 0.1btc per SFR is NOT out of the question! 




quote author=hughjays77 link=topic=586320.msg7595659#msg7595659 date=1404118557]
This is one of the hardest working Dev's in the business. We have had our issues in the past but no matter what I for one can vouch for his honest, integrity and work ethic. He will listen to the community and not rest[sleep] until issues are 100% resolved. Many new features are in store for Saffroncoin but I think the POOF system, prospective Unocoin deal and possible ALTcoin exchange are the biggest upcoming features. Anonymity has also been postulated but I think Saffron should also consider a deal with XCP [Counterpartycoin] protocol that allows an 'Asset Creating' protocol to be overlaid on the existing Saffroncoin blockchain. I'm not going to pretend to understand the entire system but it would allow existing SAffroncoin addresses to store another coin called say SaffronCounterparty that could be used for personals loans, financial instruments, casino games, peer to peer finance, etc. I think a new wallet would be required but the blockchain would remain the same and one's existing saffroncoin address would be used for transfers. Saffroncoin would have be 'burned' for SaffronCounterparty

Here is an example of XCP Counterparty coin that works over the Bitcoin protocol. It would be the same for SaffronCounterparty.

Here are some examples:

https://dl.dropboxusercontent.com/u/20787619/Clients/Betxcp/Round%2006/Chart-04.jpg
https://docs.google.com/presentation/d/17sfPIBmSDacbUpVAImgPdCWwyFm9yOgaTzcEuXJwIQE/edit



Best, Hugh




[/quote]