[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 421.

malafaya

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Quote from: joelao95 on August 23, 2017, 06:33:21 PM

[...]

I will post detailed docs before 8/24/2017 at 7:00 PM EST time.

In parallel efforts of fixing the issue, we will make a separate test field, either testnet or a different chain.

Thanks for the info, Joe. PM me if you'd like an extra node in the test field.

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

As I received many requests of no-rollback and also many posts here, we will take the majority that we will go on with the chain on 104.128.225.215 as is, NO ROLLBACK. However, I strongly believe the PoW reward needs a reset at this mode before fix is released in the near future, and the number I have in mind is maximum 15 XMG / block. This is a temporary solution so that we keep chain / mining going. I temporarily shut the node down until we make release of the wallet. Please be prepare for the mining which can be done through solo mining. Please ask if you have questions of starting up solo mining. In the meantime, we seek pools like NOMP; few people present help on NOMP. I appreciate this.

The target time of new wallet and having the chain up is tomorrow (8/24/2017), at 7:00 PM EST time.

Rest assured we won't touch the chain on 104.128.225.215. We will just let it grow, and always take 104.128.225.215 as the best chain. If you lost connection to it, pls have a reconnection. Sorry, again this is a temporary solution.

I will post detailed docs before 8/24/2017 at 7:00 PM EST time.

In parallel efforts of fixing the issue, we will make a separate test field, either testnet or a different chain.

malafaya

sr. member

Activity: 490

Merit: 256

Quote from: Vitalik_Pedik on August 23, 2017, 06:04:16 PM

But many pools left this chain, and continued to mine own forks, and solo miners may be mined own fork. And bittrex may was on another fork. Admission that 104.128.225.215 is only one true chain is not truly decentralized system. You contradict yourself.

Indeed, it's not truly decentralized. It's a temporary compromise.

Vitalik_Pedik

newbie

Activity: 168

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Quote from: malafaya on August 23, 2017, 05:58:33 PM

Quote from: Vitalik_Pedik on August 23, 2017, 05:49:33 PM

Quote from: malafaya on August 23, 2017, 05:39:11 PM

I hear talking about Bittrex and how they (probably) won't be affected by a rollback.
Bittrex is not the whole Magi economy. What about others? Exchanges, merchants, plain users?
Transactions made after the rollback threshold, such as this one: https://chainz.cryptoid.info/xmg/tx.dws?3092428.htm , will disappear.
Is this correct?
Another benefit of not rolling back: preserve transactions already confirmed (not just Bittrex's!).

Bittrex is main part of economy of Magi coin.
After last multiple split, how we can say wich of the chains are true? After future splits how you can define true chain?
I am already suggest to define something like "system of trust nodes" to avoid future splitting, we did not do it, only one way left: STOP bugy chain.

Main part is not the whole economy. You mean that just because Bittrex is on the safe side (allegedly) you can simply discard everyone else, namely those not aware their transactions would eventually be erased?
The "true" chain (how you call it) was designated by the dev way before a rollback was mentioned: the one at the devs-controlled peer 104.128.225.215. Since then, I've been synching through that peer, and re-synching whenever my wallet forks off.
A system of trusted nodes is not a truly decentralized system. That goes totally against the philosophy behind Magi and cryptos in general. I'm glad we didn't go that way.

But many pools left this chain, and continued to mine own forks, and solo miners may be mined own fork. And bittrex may was on another fork. Admission that 104.128.225.215 is only one true chain is not truly decentralized system. You contradict yourself.

malafaya

sr. member

Activity: 490

Merit: 256

Quote from: Vitalik_Pedik on August 23, 2017, 05:49:33 PM

Quote from: malafaya on August 23, 2017, 05:39:11 PM

I hear talking about Bittrex and how they (probably) won't be affected by a rollback.
Bittrex is not the whole Magi economy. What about others? Exchanges, merchants, plain users?
Transactions made after the rollback threshold, such as this one: https://chainz.cryptoid.info/xmg/tx.dws?3092428.htm , will disappear.
Is this correct?
Another benefit of not rolling back: preserve transactions already confirmed (not just Bittrex's!).

Bittrex is main part of economy of Magi coin.
After last multiple split, how we can say wich of the chains are true? After future splits how you can define true chain?
I am already suggest to define something like "system of trust nodes" to avoid future splitting, we did not do it, only one way left: STOP bugy chain.

Main part is not the whole economy. You mean that just because Bittrex is on the safe side (allegedly) you can simply discard everyone else, namely those not aware their transactions would eventually be erased?
The "true" chain (how you call it) was designated by the dev way before a rollback was mentioned: the one at the devs-controlled peer 104.128.225.215. Since then, I've been synching through that peer, and re-synching whenever my wallet forks off.
A system of trusted nodes is not a truly decentralized system. That goes totally against the philosophy behind Magi and cryptos in general. I'm glad we didn't go that way.

EDIT: we could discuss this ad nauseam, if we didn't already, but I think the main points have already been made. I rest my case Wink

Vitalik_Pedik

newbie

Activity: 168

Merit: 0

Quote from: malafaya on August 23, 2017, 05:39:11 PM

I hear talking about Bittrex and how they (probably) won't be affected by a rollback.
Bittrex is not the whole Magi economy. What about others? Exchanges, merchants, plain users?
Transactions made after the rollback threshold, such as this one: https://chainz.cryptoid.info/xmg/tx.dws?3092428.htm , will disappear.
Is this correct?
Another benefit of not rolling back: preserve transactions already confirmed (not just Bittrex's!).

Bittrex is main part of economy of Magi coin.
After last multiple split, how we can say which of the chains are true? After future splits how you can define true chain?
I am already suggest to define something like "system of trust nodes" to avoid future splitting, we did not do it, only one way left: STOP bugy chain.

malafaya

sr. member

Activity: 490

Merit: 256

I hear talking about Bittrex and how they (probably) won't be affected by a rollback.
Bittrex is not the whole Magi economy. What about others? Exchanges, merchants, plain users?
Transactions made after the rollback threshold, such as this one: https://chainz.cryptoid.info/xmg/tx.dws?3092428.htm , will disappear.
Is this correct?
Another benefit of not rolling back: preserve transactions already confirmed (not just Bittrex's!).

malafaya

sr. member

Activity: 490

Merit: 256

Quote from: Vitalik_Pedik on August 23, 2017, 05:24:30 PM

Quote from: malafaya on August 23, 2017, 05:18:24 PM

Quote from: Vitalik_Pedik on August 23, 2017, 04:00:24 PM

Quote from: 111magic on August 23, 2017, 03:56:37 PM

Now I got a question. Think its clear no rollback as many people request, but how about get a reduce block value, what are the opinions about that. Joe can you tell more about this option?

Open poll here, I disagree that all against rollback here.
And sometimes need to do unpopular things for the benefit of.

Ok, so what are the benefits of a rollback for the coin or community?
A blockchain rollback is definitely something that is frowned upon anywhere, it looks bad. So the benefits have to be big/huge to justify such action.

Question to the question: what are the benefits to continue forking and forking?
And it is not rollback, it is stop untill fix algo.

You were the one who mentioned a "benefit". So you have no justification or benefit on rolling back? Forking has no benefit of course. That should be solved, obviously. Still, no rollback needs to be performed as there is a valid chain. A blockchain doesn't "stop" just because we want it stopped. Those blocks exist whether we like it or not. Discarding them is an action, not a result of idleness. And that action will leave a stain (a tiny one I hope, if it's done) on Magi.

So, an obvious benefit of not rolling back: no stain

.

Vitalik_Pedik

newbie

Activity: 168

Merit: 0

Quote from: malafaya on August 23, 2017, 05:18:24 PM

Quote from: Vitalik_Pedik on August 23, 2017, 04:00:24 PM

Quote from: 111magic on August 23, 2017, 03:56:37 PM

Now I got a question. Think its clear no rollback as many people request, but how about get a reduce block value, what are the opinions about that. Joe can you tell more about this option?

Open poll here, I disagree that all against rollback here.
And sometimes need to do unpopular things for the benefit of.

Ok, so what are the benefits of a rollback for the coin or community?
A blockchain rollback is definitely something that is frowned upon anywhere, it looks bad. So the benefits have to be big/huge to justify such action.

Question to the question: what are the benefits to continue forking and forking?
And it is not rollback, it is stop untill fix algo.

malafaya

sr. member

Activity: 490

Merit: 256

Quote from: Vitalik_Pedik on August 23, 2017, 04:00:24 PM

Quote from: 111magic on August 23, 2017, 03:56:37 PM

Now I got a question. Think its clear no rollback as many people request, but how about get a reduce block value, what are the opinions about that. Joe can you tell more about this option?

Open poll here, I disagree that all against rollback here.
And sometimes need to do unpopular things for the benefit of.

Ok, so what are the benefits of a rollback for the coin or community?
A blockchain rollback is definitely something that is frowned upon anywhere, it looks bad. So the benefits have to be big/huge to justify such action.

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: akuci on August 23, 2017, 04:28:39 PM

Quote from: 111magic on August 23, 2017, 04:24:13 PM

Quote from: akuci on August 23, 2017, 04:18:46 PM

And what's with official announcement on the website, or social medias? Magi Team needs people. Serious people. To take care of some things. People with experience. Joe should talk with few, really.

At this stage Magi looks seriously in the different options.
I think its important to receive feedback from our community before making a choice.
Magi received already great feedback here & pm from people with experience.
And i can tell you for sure Joe knows what to do!

If you say so, we must trust you.

Thanks akuci!

akuci

full member

Activity: 226

Merit: 100

Quote from: 111magic on August 23, 2017, 04:24:13 PM

Quote from: akuci on August 23, 2017, 04:18:46 PM

And what's with official announcement on the website, or social medias? Magi Team needs people. Serious people. To take care of some things. People with experience. Joe should talk with few, really.

At this stage Magi looks seriously in the different options.
I think its important to receive feedback from our community before making a choice.
Magi received already great feedback here & pm from people with experience.
And i can tell you for sure Joe knows what to do!

If you say so, we must trust you.

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: akuci on August 23, 2017, 04:18:46 PM

And what's with official announcement on the website, or social medias? Magi Team needs people. Serious people. To take care of some things. People with experience. Joe should talk with few, really.

At this stage Magi looks seriously in the different options.
I think its important to receive feedback from our community before making a choice.
Magi received already great feedback here & pm from people with experience.
And i can tell you for sure Joe knows what to do!

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: Vitalik_Pedik on August 23, 2017, 04:00:24 PM

Quote from: 111magic on August 23, 2017, 03:56:37 PM

Now I got a question. Think its clear no rollback as many people request, but how about get a reduce block value, what are the opinions about that. Joe can you tell more about this option?

Open poll here, I disagree that all against rollback here.
And sometimes need to do unpopular things for the benefit of.

Maybe not all but most people are against rollback.
Personal i think rollback will not be a good solution.
What kind of decision Magi will take there will people happy & people less happy.
I believe the most important will be that we give Magi a good future. Magi is almost 3 years old and had his ups & downs. Examples enough; Magi added on Cryptsy => few months later Cryptsy crashed, Polo delisted Magi without receiving a good reason, teammember dies, etc...
But Magi came out every dip stronger and continues growing. In this case it will be the same.
Sure there might be a dump after Magi is running great again but after that there will be a awesome grown in community & value.

akuci

full member

Activity: 226

Merit: 100

And what's with official announcement on the website, or social medias? Magi Team needs people. Serious people. To take care of some things. People with experience. Joe should talk with few, really.

akuci

full member

Activity: 226

Merit: 100

Quote from: 111magic on August 23, 2017, 03:56:37 PM

Now I got a question. Think its clear no rollback as many people request, but how about get a reduce block value, what are the opinions about that. Joe can you tell more about this option?

And what with that? Less people mining or what? What will a reduced block value fix?
You have to limit the hashrate per person on pools. If someone want to make 10 E-Mails and 10 wallets, then go ahead, do it and mine with your botnet, or server, or something with 2k MH. There is already a limit on M-Hash but nobody is paying attention to that.

I don't think anyone here know what to do, but the bigger problem is the dev also don't know what to do.

goldlabel

hero member

Activity: 575

Merit: 502

Quote from: nsummy on August 23, 2017, 03:59:59 PM

Quote from: Vitalik_Pedik on August 23, 2017, 03:14:00 PM

Quote from: nsummy on August 23, 2017, 03:04:53 PM

No actual meaning until a rollback happens. If XMG was moved into an exchange in blocks after the rollback, those coins disappear from the exchange. Guess who takes the loss? The exchange. Anyone who withdrew from an exchange after block 1450090, guess what happens to their XMG? Disappears.

Bittrex wallet was stoped before block 1450090 or right after it. So no loss.
If you ask Bittrex support thay will not care about our rollback. Do it if you have uncertainty.

Unfortunately I don't think other exchanges would agree: https://twitter.com/Cryptopia_NZ/status/802972280791777280

This was because a dev did this for his own benefits, what Joe wanted to do is for all of us, not for himself.

Vitalik_Pedik

newbie

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Quote from: 111magic on August 23, 2017, 03:56:37 PM

Now I got a question. Think its clear no rollback as many people request, but how about get a reduce block value, what are the opinions about that. Joe can you tell more about this option?

Open a poll here, I disagree that all against rollback here.
And sometimes need to do unpopular things for the benefit of.

nsummy

full member

Activity: 1179

Merit: 131

Quote from: Vitalik_Pedik on August 23, 2017, 03:14:00 PM

Quote from: nsummy on August 23, 2017, 03:04:53 PM

No actual meaning until a rollback happens. If XMG was moved into an exchange in blocks after the rollback, those coins disappear from the exchange. Guess who takes the loss? The exchange. Anyone who withdrew from an exchange after block 1450090, guess what happens to their XMG? Disappears.

Bittrex wallet was stoped before block 1450090 or right after it. So no loss.
If you ask Bittrex support thay will not care about our rollback. Do it if you have uncertainty.

Unfortunately I don't think other exchanges would agree: https://twitter.com/Cryptopia_NZ/status/802972280791777280

111magic

legendary

Activity: 1750

Merit: 1005

Now I got a question. Think its clear no rollback as many people request, but how about get a reduce block value, what are the opinions about that. Joe can you tell more about this option?

Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 421. (Read 2375972 times)