[ANN] Snowballs | ONE MORE HARD FORK to BALLS 2.0.2 | BALLS/MMXIV Market OPEN - page 134.

ElTomeko27

sr. member

Activity: 371

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Quote from: iGotSpots on November 13, 2014, 04:15:23 PM

Ok, so I think we have an interesting solution put together here. The clients for the fork will be posted in a little bit, but here is what is going to happen

Yearly yield from staking will be changed. At block 80,000, it will start increasing by 1% per block (starting at the original 5000%), hitting 10000% at block 85,000. At this point it will begin dropping 1% per block, hitting 1000% at block 94,000 and staying at 1000% afterwards. This will still keep us as the highest staking coin on the market without relying too much on transactions fees

Speaking of transaction fees...we actually had come up with 4 very interesting solutions to help with inflation control. The only problem with all 4 of these ideas was how it would be handled on exchanges. It has to do with fees being based on both inputs and outputs and would just cause a headache for anyone who has to calculate them. Not only this, but to fix the exchange solutions would open up vulnerabilities to get around paying any fees at all using raw transactions. So unfortunately, we are leaving fees as they are. At the end of the rollercoaster, staking yield will be cut to 20% of the current new supply

Yeah pump it one more time then dump it and change it to 15000% and again again...great coin... Roll Eyes

iGotSpots

legendary

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Go ahead and grab your new clients

iGotSpots

legendary

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Ok, so I think we have an interesting solution put together here. The clients for the fork will be posted in a little bit, but here is what is going to happen

Yearly yield from staking will be changed. At block 80,000, it will start increasing by 1% per block (starting at the original 5000%), hitting 10000% at block 85,000. At this point it will begin dropping 1% per block, hitting 1000% at block 94,000 and staying at 1000% afterwards. This will still keep us as the highest staking coin on the market without relying too much on transactions fees

Speaking of transaction fees...we actually had come up with 4 very interesting solutions to help with inflation control. The only problem with all 4 of these ideas was how it would be handled on exchanges. It has to do with fees being based on both inputs and outputs and would just cause a headache for anyone who has to calculate them. Not only this, but to fix the exchange solutions would open up vulnerabilities to get around paying any fees at all using raw transactions. So unfortunately, we are leaving fees as they are. At the end of the rollercoaster, staking yield will be cut to 20% of the current new supply

fkvidar

hero member

Activity: 924

Merit: 1000

Quote from: iGotSpots on November 13, 2014, 02:35:02 PM

I didn't want to do it, but we are going to be making some adjustments to the staking percentage. It will not just be a quick drop, though

ok, waiting

AllCoinedUp

member

Activity: 201

Merit: 10

Quote from: iGotSpots on November 13, 2014, 03:02:57 PM

Quote from: thefix on November 13, 2014, 02:50:51 PM

Quote from: iGotSpots on November 13, 2014, 02:35:02 PM

I didn't want to do it, but we are going to be making some adjustments to the staking percentage. It will not just be a quick drop, though

Hopefully raise it past 5000% short term to prevent more dumps and then a gradual decline over the long term.

I think we also need to come up with some other features once the high stake percentages decline.

The community needs to work together to decide on features that would make them want to continue to hold and use this coin. We also need to decide on features that would make this attractive for newcomers.

The best thing the community could do now is get us on more websites. Faucets, games, all of that stuff plays a huge part. I think this fork will put the coin in a very solid place as far as inflation goes

People are really over exaggerating the inflation issue, anyway. We are still less than 3,000,000 BALLS in existence. It's not that bad

Less than 3m is good. Inflation shouldnt be a big deal. Actually seems cheap now considering.

thefix

legendary

Activity: 1049

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Quote from: iGotSpots on November 13, 2014, 03:02:57 PM

Quote from: thefix on November 13, 2014, 02:50:51 PM

Quote from: iGotSpots on November 13, 2014, 02:35:02 PM

I didn't want to do it, but we are going to be making some adjustments to the staking percentage. It will not just be a quick drop, though

Hopefully raise it past 5000% short term to prevent more dumps and then a gradual decline over the long term.

I think we also need to come up with some other features once the high stake percentages decline.

The community needs to work together to decide on features that would make them want to continue to hold and use this coin. We also need to decide on features that would make this attractive for newcomers.

The best thing the community could do now is get us on more websites. Faucets, games, all of that stuff plays a huge part. I think this fork will put the coin in a very solid place as far as inflation goes

People are really over exaggerating the inflation issue, anyway. We are still less than 3,000,000 BALLS in existence. It's not that bad

I agree inflation is not that big of an issue, it is just a different way to mine a coin. Coins with POW have the same kind of inflation, its just more expensive to buy equipment and generate new coins everyday.

iGotSpots

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Quote from: thefix on November 13, 2014, 02:50:51 PM

Quote from: iGotSpots on November 13, 2014, 02:35:02 PM

I didn't want to do it, but we are going to be making some adjustments to the staking percentage. It will not just be a quick drop, though

Hopefully raise it past 5000% short term to prevent more dumps and then a gradual decline over the long term.

I think we also need to come up with some other features once the high stake percentages decline.

The community needs to work together to decide on features that would make them want to continue to hold and use this coin. We also need to decide on features that would make this attractive for newcomers.

The best thing the community could do now is get us on more websites. Faucets, games, all of that stuff plays a huge part. I think this fork will put the coin in a very solid place as far as inflation goes

People are really over exaggerating the inflation issue, anyway. We are still less than 3,000,000 BALLS in existence. It's not that bad

thefix

legendary

Activity: 1049

Merit: 1001

Quote from: iGotSpots on November 13, 2014, 02:35:02 PM

I didn't want to do it, but we are going to be making some adjustments to the staking percentage. It will not just be a quick drop, though

Hopefully raise it past 5000% short term to prevent more dumps and then a gradual decline over the long term.

I think we also need to come up with some other features once the high stake percentages decline.

The community needs to work together to decide on features that would make them want to continue to hold and use this coin. We also need to decide on features that would make this attractive for newcomers.

dukeneptun

legendary

Activity: 1064

Merit: 1000

Quote from: TheLemonMan on November 13, 2014, 04:43:39 AM

maybe set a small % of stake on charity...the % depending on the size of stake

or maybe the % of stake can go toward a new feature for the coin itself

Not bad.
But it will be better if....
Maybe set a small % of stake on pot (let´s make a casino).
For example the interest per day is 13%. Let´s say 3% goes to the pot.
And every 1000 block there will be jackpot.

Fees are fine, it will melt down in some time.

iGotSpots

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Quote from: locohammerhead on November 13, 2014, 02:46:53 PM

Do you plan to allow people to port over old coins?

It will be the same chain. No reason to swap anything

locohammerhead

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Do you plan to allow people to port over old coins?

iGotSpots

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I didn't want to do it, but we are going to be making some adjustments to the staking percentage. It will not just be a quick drop, though

thefix

legendary

Activity: 1049

Merit: 1001

Quote from: iGotSpots on November 13, 2014, 02:24:53 PM

Working on another solution right now. Fees will remain unchanged

Sweet man, Looks like your experiment turned out much better than expected. I think you have a viable long term coin with some minor tweaks and a long term plan.

I know it may not have been your intention for this to be anything more than an experiment. Cool things start out as something for fun or a test and then (snowball) into something bigger!

iGotSpots

legendary

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