Topic: [ANN] SPROUTS sha256 pos+pow 10% at 5 days 芽菜货币 - page 62. (Read 216106 times)

My understanding is that the devs have not been active in some time. Now, the question at hand is if we fork the client and make some changes to the POS reward to get inflation under control.

There is a poll here. Please participate. https://bitcointalksearch.org/topic/m.13461145

light pump))

Does anyone ever communicate with the Wallet Dev's?? We need some better coin Control like Block Splitting and we need Multisend added to the wallet...

Thundertoe has spoken! That's enough for me.  

First, let's agree on a coherent thread. At the moment, Sprouts has two active threads: this, the old one, but more frequently used; and https://bitcointalksearch.org/topic/nnsproutssteak-cloudbittrexhipospowcryptossotpayservicescombounties-1238834

Secondly, to partially repeat my parallel post, this coin is tailor-made for the gaming industry ... not that I am a gambler. With Quark, one of my original favourite coins, you have to keep on buying it to plug into games and casino options. With Sprouts you acquire a reasonable stash, keep it staking and you have a considerable, replenishing supply of coins to use. High yeild, if utilised in this way, would seem to be right up the street of a regular gamer, of which there are quite a few.

It's made for the exchanges too, or do I have to draw a diagram?

Hi! I Like the way you started the coin.. I also see that you are open to good Ideas..  and I have some SPRT too!
I work in PR, so my mind is generating many ideas for different products.. So here I have a simple Idea for "coin supply control":
The actual numbers must be discussed and all I put is for you to get the Idea.
I called it Fertile Address. So what we can do (I say WE, because I am the part of the community) add a feature in the wallet, that will allow people to generate a New Fertile Address in return of "burning" X amount of coins.. and coins send to this new address will stake at a little higher % ..lets say 15% after 5 days and +5% for each extra day.. (remember that numbers I propose - must be discussed within the community!)
So! ..For example... One can destroy (burn) 1 000 000sprt and will see the New address generated in his wallet. Coins that are sent to this address will stake at better rate then the "simple" new address.. not just for your pretty eyes, but for lowering the overall coin supply for the whole community!
Its just like in nature - ashes of burned plants are used to fertilize soil for better crops.
We will answer a the main question by implementing this feature:
- why BUY more sprt??, not just hold and mint and sell, active supporters - who BUY sprt at the market would love to have some advantage for their coin support.. This is called "stimulating demand" in marketing or demand stimulation, by making people interested in actually getting the coins from all sources// The sprt is cheap, so the market is - the great source of coins!
Also its a free-will action! So, you are not forced to do anything if don't like, but you can, but get greater rewards.
The good thing for the dev team is - you don't have to change the existing rates and make all to get through hardforks!
Simple math.. If 100 richest wallets will generate at least 1 such Fertile Address, we can take out 100 000 000 coins from supply - it will skyrocket the price within very short period!
we have only 278 228 259.74286097sprt at the moment ..

This is important that this addresses are not Sold as "stakers", but generatet inside your own wallet for helping community to control the coin supply, as burned coins will be taken out from staking basis!

thank you!
peace

I updated the poll with the correct number.  BTW, please vote:
https://bitcointalksearch.org/topic/m.13461145

Ideally, we should get a large voting sample together.

Got watch that decimal. 

Ah sorry off by one.

1*1.1^73 = 1051.1531995

1 coin can become 1051 coins in a year. +105015% per year. Still a crazy ridiculous number. I love how people keep saying this is not a crazy number and we should just let it go on for a few years.

This wallet needs updating anyways since its based on a way old version of peercoin, so this version of sprouts wallet has a lot of bugs and security flaws

I haven't been following the thread thoroughly but I do know that I've seen a lot of people talking about doing a staking reduction or something along those lines and I think that would be a super excellent idea for SPROUTS to do sometime soon because it's already got a good community behind the coin and if you reduce the inflation by a fair bit it could easily rise the price of SPROUTS again to a good stable point of 100 sats or more which would be nice for a lot of people Just saying

Looking at the github the apr is 730% a year. If compounded and staked on the 5th day for 73 flips over a year you would hit about 105,000% . Likely very few will do that, so the currencies overall actual rate will be much lower.

Right now it's at 1,000,000% increase per year. I think we have to cut that rate and not overnight. I like the idea of decreasing it by even 5 - 10% slowly over the next 2 - 3 months until we achieve a lower target rate. If the community consensus would like a 2.5% rate, then we could certainly go with that.

Everyone, I've posted a poll to collect votes for the next 5 days on the desired future POS reward rate. Please visit the poll and cast your vote for the rate that you think we should target for the long term POS reward:

https://bitcointalksearch.org/topic/m.13461145

There is a flaw in the thought process of people who think that minted coins are immediatly for sale. That's wrong.
The hyper inflation doesn't matter until the coin reach 1 sat situation even  with a decent market cap.
A pos coin and even hi pos coin is not inflating (in the eye of the staker). The ability to mint coins allows you to keep the exact same share of coin total or market cap. That' s not the definition of economical inflation at all.
Everything else is speculation. And every person whiling to sell minted coin is losing a percentage of the total supply and is easying the coin distribution (which is nice for the other holders).
Sprouts didn't went to near 100k to 25k because of the pos mechanism.
The actual pos rate will only be a problem in a near future.
Decreasing the pos rate doesn't need to be hardcore.
Sprouts should remain hi-pos at least for fews years. (500% yearly is a bit  less than 2.5% every 5 days). ANd we can adopt a decreasing curve that is smooth, not a brutal rate reduction which will lead to no further adoption at all.
The only thing that matters at the end is the market cap not the number of coins (1 sat dead end apart).

Nice analysis -- one other factor with sprouts is a non existent development team

Coins on cryptsy fall into 3 categories:

1. coin that cannot be withdrawn
2. coins that are primarily traded on cryptsy
3. coins that are traded on multiple exchanges with decent daily volume

Properties of each type of coin:

Type 1: These are popular coins usually with very high marketcaps
Type 2: These tend to be smaller marketcap coins usually with low daily volumes that cannot be readily sold on other exchanges
Type 3: These coins usually have medium to high daily volumes and may typically be present on Bittrex etc

Thought exercise: "How is each category affected by Cryptsy locking withdrawals for popular coins and causing a bank run?"

Type 1: People sell these coins for fiat and type 3 coins. Fiat purchases will depress exchange rates slightly and this activity stops if fiat withdrawals become blocked. Purchases of type 3 coins can be expected to cause an increase in the price of these coins. You will also see a significant price difference between the prices of type 3 coins on Cryptsy and the same coin traded on another exchange where recent cryptsy withdrawals may be sold for BTC.

Type 2: Holders of these coins are likely to sell them for BTC and use that BTC to purchase type 3 coins. This should be expected to cause drastic price declines in type 2 coins.

Type 3: These coins are considered "exit coins". Increased short term demand for these coins should inflate exchange rates for these coins. We should expect lower exchange rates on other exchanges for the same coin. For example DOGE which has reported risen up to 40% on cryptsy while prices have declined on other exchanges.


With regard to sprouts, it is firmly a type 2 coin. So we should expect a price decline. In addition, the structure of the coin poses problems. Firstly, it is a staking coin and since cryptsy doesn't yield stakes, there has always been a lack of buy side liquidity available making the coin vulnerable to sharp declines in price. Secondly, The coin is a hyperinflation coin. This creates huge incentives to sell newly staked coins when the price on the exchange increases.

So what is the value play for Sprouts? If you believe the cryptsy situation is temporary, then the ideal play is to buy coins on significant dips such as a sudden >20% price decline. Once purchased, one would withdraw the coins to begin staking. If the price improves to a greater than a cumulative +2% per day, then you would transfer the coins back and sell them. Otherwise continue staking them and hope the eventual price improvement outpaces the current rate of inflation. If you believe the cryptsy situation is terminal, then you'd want to continue staking, only buy coins at extreme lows (1 - 5 sat maybe), and after cryptsy eventually fails process coins through other exchanges.

Personally, I don't see any foreseeable immediate profits in sprouts until the inflation rate is seriously curbed. There are too many coins in the hands of people who will sell any uptick. Additionally, I would advise buying other type 3 coins on other exchanges, move them into cryptsy, sell them for a premium, and buy sprouts at a depressed price if you wish to increase your ownership of sprouts. Purchasing and transferring BTC into cryptsy to buy sprouts directly seems wasteful when type 3 coins are providing extra opportunity.

What the hell happened to the price of this coin ? Just because cryptsy is selling low doesn't mean the other Exchanges need to as you can't even withdraw your funds from cryptsy so on that exchange it is a pointless price, pretty much trading your sprouts for bottled air !

What if we decrease the reward amount 10% every 5 days until we achieve an approximate 1% stake return every 5 days.

Presently, 1000 Sprouts yields 1,053,000 after 365 days of staking at +10% every 5 days. If we can get this down to 1% then 1000 sprouts yields 2006.7 Sprouts per year. This is the difference between a 1,000,000% annual return and a 100% annual return, which is still quite decent.

So, if you want to do something like this - I don't mind forking the source code, makign the appropriate changes, and releasing a new client. I did this before when I became the lead dev for casinocoin. However, if we do this because the dev is gone, I'm going to need a few volunteers to step in and help us with continued promotion of the coin, etc.

agree, pure cloud Mining and unscrupulous owner could destroy investments, then we see the same thing, and this coin is that it is not normal and needs of the market, we also lose the investment.
in the near future (soon) we shall come at 0 Satoshi and death comes the coin.

agree, pure cloud Mining and unscrupulous owner could destroy investments, then we see the same thing, and this coin is that it is not normal and needs of the market, we also lose the investment.
in the near future (soon) we shall come at 0 Satoshi and death comes the coin.

I'm talking about how to create a project-type cloud of mining, which will be from the same group of developers who help create the importance and stability of the investment + it will create shortage of coins on the market that will lead to higher prices, because not enough coins to their investment for the project. that is, it is necessary to create a reverse wave of investment must be Owned in this coin and the output person should get Bitcoin, something that is more stable coin in value and minimize losses on investments if suddenly the price of Bitcoin has fallen, but it can not fall so much to These were heavy losses. This is the best investment with the lowest probability of loss. As our coin will have interest rates and stable (a good price) due to the fact that the investment will go to the project, since it will be warranty% return on investment, and that it is important for a stable coin. This coin will survive and create a supportive environment for life in general. If the way to keep the coin in the price of 200-250 Satoshi during the year, the price after will fluctuate within 150-300 Satoshi on an ongoing basis, as is already at the sites will be a good amount of tools and people that will already know this tool, because the analysis of the market potential investor will see a steady course prices throughout the year, which is also a good factor of investing for a longer period in their portfolio.

peercoin is 500% 

happy new year

for invest in cloud mining
I already lost almost 5 BTC with scammer cloud mining
no way to back your lost money