Topic: [ANN] Syscoin- FINAL 2.0 LAUNCHED! *ENCRYPTION, MARKETPLACE, BTC INTEGRATION* - page 232. (Read 582967 times)

Merged-mining’s Current Imbalance

With “mono-proof-of-work” (mono-PoW) coins like Litecoin and Dogecoin that utilize one algorithm (Scrypt) to solve blocks, there is no obvious way to balance blockchain security (i.e. Litecoin’s larger network hashrate) with the inevitable selling pressure that is to follow (i.e. Litecoin miners dumping their “free” dogecoins for BTC/LTC). Even the perceived imbalance is enough to damage the child coin’s value; if Litecoin miners do not sell their dogecoins at the rate that the market anticipates, the market will still react as if the dumping is occurring at that higher rate. It is a self-fulfilling prophecy where one coin is placed a metaphorical pedestal above the other. Luckily, with the emergence of Myriadcoin’s “multi-proof-of-work” system (multi-PoW), a healthy partnership can be constructed between the two coins.

Multi-vPoW: A Symbiotic Solution

Here, I will propose a solution to the imbalance (and the subsequent low popularity) of merged-mining: multi-varying proof-of-work block rewards (multi-vPoW). [Note: There may be a better way to name this.]
Myriadcoin’s upcoming PolyMYR project, a merge-mining and auto-exchanging pool, will double as a cryptocurrency laboratory where the multi-vPoW solution can be rigorously researched and tested. To understand the solution best it requires a brief recap of how a multi-PoW system like Myriadcoin works. Myriadcoin has 5 algorithms (SHA256d, Scrypt, Skein, Qubit, and Myriad-Groestl) that can independently solve blocks. They have independent difficulties that are adjusted using the same formula. Any algorithm can solve the next block even if it is the same algorithm. Each algorithm targets the same block time and the block rewards are the same no matter which algorithm solves the block.

The multi-vPoW solution involves adjusting block rewards based on which algorithm finds the block. With Myriad as a parent multi-PoW, the child coin can become a multi-PoW (if it isn’t already) that selects a few algorithms that are merged-mined by parent Myriad algorithms and an algorithm(s) that is not merge-mined (creating a degree of overlap). The merge-mined algorithms would be programmed to have lower block rewards than the non merge-mined algorithm(s). This immediately creates many variables (number of merge-mine algorithms, number of non-merge-mine algorithms, block rewards, etc.) that can be tinkered with to create a proper balance of give and take.

For example, a developer wants to start a new X11 coin but is worried that a competitive and saturated altcoin mining arena may leave the coin prone to 51% attacks for lengthy periods of time early on. The developer wants guaranteed network security from the moment it launches so they decide to launch it as a multi-PoW with 5 algorithms: SHA256d, Scrypt, Skein, Myriad-Groestl, and X11. Merge-mining is enabled on the 4 algorithms it shares in common with Myriad (SHA256d, Scrypt, Skein, and Myriad-Groestl) while the X11 algorithm is devoid of the auxPoW merge-mining code. The 4 merge-mine algorithms could then be designed with block rewards of say, 25, while the block reward for X11 is 200. This would create a 25-to-200 ratio for the block rewards. Or maybe the ratio would be set to 40/200 or 10/200. Whatever the ratio may be, the bottom line is that Myriadcoin miners are paid for their contributions to the network security of the new coin in a manner that is not detrimental to the long-term value of the coin. So long as there is a fairly-balanced block reward design, Myriad miners should not have reason to complain about lesser block rewards because the child coins are ultimately “free lunch”. At the same time, the developer should not deprive merge-mined algorithms of block rewards altogether or else the merge-mining symbiosis becomes parasitic against the parent coin and the child coin would be dealt with naturally by the free market. It’s a matter of mutual respect that eliminates any real or perceived damage to either coin in the merge-mining partnership.

This is not a clone, I have no idea where you're getting your very inaccurate/false information.

1. Read the code. 40% of it is entirely new for the new services. Explain how this is in any way a clone. Also please explain how you missed this in your ranting?
2. Read all the other posts where people are talking about actively using the features you claim don't exist.
3. In QT Wallet->Help->Debug Window->Console. Type "help". Note commands. Go to Litecoin or any other clone of it. Type "help" note lack of Syscoin service commands- no aliases, no data, no offers, no certs. The Syscoin features are all there in Syscoin.

This is not a clone, I have no idea where you're getting your very inaccurate/false information.


Definitely- you are trying to run 0.1.4c? Can you please PM me for further help? I'm running 0.1.4c on 10.9.4 without issue but maybe something with your local environment is different. PM and I'll help ya get this figured out.

---

Noticed several questions on roadmap in the coming weeks and the situation with Moolah. To be clear we do not have the 1500btc from the presale nor any SYS purchased with it as buy support (250btc worth at presale prices). We were given a portion of the fund to allow SYS operations to continue while we wait for Moolah to get back to us- at this stage we are looking for a response from them by the end of the week and are looking to issue a joint public statement at that point now that all promised features and services are fully delivered and functional.

We will have more detailed information regarding the roadmap over the next weeks/months later tonight. We have a team call regarding this tonight, we've posted it previously in the old thread, and we will update it and repost it here/OP once we speak as a team later tonight as a few small things have shifted since the last time we posted the roadmap plans.

Dev, ARE u hiring someone. Marketing and Code Dev ? Pleas use community.., what are u doing to make situation better for HOlder and Belieever in u!

ty ! 

So?

Hello I am unable to install the new wallet (1.4) on mac OSX 10.9.4

Error: SysCoin-Qt cannot be opened because of a problem.

Check with the developer to make sure SysCoin-Qt works with this version of OS X. You may need to reinstall the application. Be sure to install any available updates for the application and OS X.

Anyone able to give a hand?

Thanks.

So?

Yep

I did, there are no special features promised during IPO, just plain copy paste qtwallet. And if that features are hidden and accesible only via shell, its something against IPO promises.


Where actually are theese "features"? Anyting You can´t do with any other copy paste crapcoin? I have to miss something..

If you want proof of the features why don't you just download the wallet? What proof do you want other than the fact that you can actually use them if you want to?

Here is the thing, this is a moderated thread.. I could not care less if you have 500+ posts or are on BCT for one year.. When you can not be bothered to actually have a real look at Syscoin and the features that is already implemented and working  and are then going "bla bla bla" etc, then I don't consider anything you say constructive. And yes, some BCT rules do apply to moderated threads. If you have constructive and valid questions then sure we can talk.. If not just go away.

So another 3 posts deleted, no FUD but serious qestions. Where did You actually proved that promised SYS features works? You pissed me off badly so I WILL post this qestion with counter of deleted post everytime I get notice from BCT. I am no NB FUDer, but sr member with 1Y+ and 500+ posts history.

So another 3 posts deleted, no FUD but serious qestions. Where did You actually proved that promised SYS features works? You pissed me off badly so I WILL post this qestion with counter of deleted post everytime I get notice from BCT. I am no NB FUDer, but sr member with 1Y+ and 500+ posts history.

you got the point, and you know why? 1500BTC worth of disappointed investors.....don't get me wrong i bought IPO also bought at 600 and buying everyday, so i support sys besause i have to, for me there is no exit and many people are trapped and disappointed right now

edit. my wish is devs using IPO btc to hire well known dev like jl777, that would be AWESOME

I think it would be best to market this coin to people who might use it to build on top of the services or set up as a merchant, rather than to speculators, so waiting until all the templates and stuff are done to show how it can be used before doing any marketing is probably a good idea.

Biggest problem - total lack of PR.
Trust me, few infographics with clear statement what is planned on which date would be more beneficial to this coin than all the coding. This coin seems to be run by programmers and not by marketers. That's why it is so unsuccesfull - good features but no clue on how to market them.

Biggest problem - total lack of PR.
Trust me, few infographics with clear statement what is planned on which date would be more beneficial to this coin than all the coding. This coin seems to be run by programmers and not by marketers. That's why it is so unsuccesfull - good features but no clue on how to market them.