Topic: [ANN][0.8.6] Hirocoin - X11 - NGW - Secured Blockchain - Time Warp Limitation - page 12. (Read 271680 times)

Doesn't this seem counter productive?  If people stop mining, and the remaining miners get less coins, they will have little incentive to continue mining, so they will stop and move to another coin that is more profitable.  Hastening the leave of the remaining people mining because they will get less and less as more and more people leave.

The opposite being, that since it produces more coins if you mine on it with more hash, that it will dilute the value further and make the existing coins worth less. 

It's the worst solution I can imagine.


I think too much effort is being focused on getting people to mine the coin.  The miners don't make the coin valuable.  The miners just dump the coins for cash to pay for expenses.  If you want to improve the coin, you have to make consumer focused features.  Give people a reason to use the coin or hold the coin.  Otherwise you have people just mining worthless coins.  Might as well just release all of them to everyone in a lottery and save the environment the wasted electricity.

You'd be better off providing the "bonus" to people who hold coins.  That will at least improve the scarcity of the coin and make them more valuable. 

I can print paper coins on the copier all day, but they are still worthless. 

Problem with BONES is that the retarget time was way too high.  The coin never really took off, but some whales hit it and the diff jumped.  Now it's not worth mining because the diff is so high.  I really liked the idea of a bonus based on net hashrate.

Not sure if this is in line with what you had in mind, but Bones had implemented a dynamic rewards system as well, "BONES CryptoCoin is a unique adaptive reward coin that adds a difficulty bonus to the standard reward system."

You can review their thread here: https://bitcointalksearch.org/topic/ann-bones-cryptocoin-unique-reward-rare-valuable-2-major-exchange-521270

The coin kind of fizzled away, unclear of all the reasons, but it's worth researching this coin to see if the dynamic block reward helped or hurt the coin.

The checkpoint feature has been dropped from DarkCoin

Difficulty Based Dynamic Reward

I am going to focus on the dynamic block reward as this is more demanding and more interesting than other current projects.

The idea is that the reward is based on the average difficulty against the current difficulty. So that if the difficulty goes up so does the reward and vice versa. This sounds like the inverse of Darkcoin's solution but this will always be dynamic in that what was a high difficulty becomes normal over a period where as Darkcoin has static settings so seems to be bolted to a reward of 5 coins.

There has been a lot of demand for a reduced reward which I and the team were not happy with. What we have here is something different and not done before. The higher the demand the more coins but if the demand drops off so does the coin supply. We hope this could be step one towards a price stabilization solution. As there is an immediate need for this solution I am going to focus all my efforts on to it now and drop the block browser for a bit.

Block Explorer

For any that are interested in taking a look at the block browser you can grab the source from here.

https://github.com/HiroSatou/Hirocoin/tree/blockbrowser

The block browser was originally implemented in Silkcoin but it is very buggy, I thought it was my implementation of it but checking Silkcoin it has the same bugs. It needs a lot of work to sort out the bugs and improve the UI.

Sorry for not keeping you guys updated, been a busy past couple of days.

Here's a summary of what's going on behind the scenes for Hirocoin:

• Testing and finishing the integration of the block explorer into the Hirocoin wallet
• Redesign of the current Wallet UI
• Putting the proposed block modification model into testing on testnet

Haven't heard from anyone on the Hiro team since last Wednesday, 6/11/14. What are the next step, guys?

If you've decided to walk away or don't plan to participate in this thread with any level of regularity, the decent thing would be to let your community know ASAP.

please fix the hiropool.org website....

Merged mining will kill this coin finally. I like the idea. Dev doing nothing and have no idea what to do with this coin.

I'm sure someone out there may have already suggested this but here it goes:

Merge mining DRK + HIRO

thoughts?

LOL

I think most of the community still believe in Hiro as the coin's lead developer, but we also feel things aren't quite right as-is. People bring up coin value a lot and refer to it as if means something is right or wrong with the coin. I'm of the belief that the coin's price is only one of the pieces of the larger puzzle since there are so many factors as to what drives interest, prices, faith, etc., but we can't ignore what an important piece of the puzzle price actually is, especially over the span of 3 months, give or take.

Omar and team are in the process of rethinking the rewards and some are suggesting a reduction in total coin count outright. I think this type of brainstorming is healthy for this community, even if at the end of it all, everyone votes to stay the course. I vote we keep an open mind, see where the new thinking leads us, then as a community, vote go or no-go once ideas are a bit more fleshed out.

As Hiro pointed out in his previous posts, he is currently helping the Darkcoin team incorporate some of the features that are already in Hirocoin to allow Dark to be more resilient.  I think this is helpful as Dark succeeds, it's likely that when Hiro returns to this coin (Which he will) and continues to work on it, that it will bring some people that are currently invested with Dark over.

Hiro is tied to this coin, it's his "baby" so to speak, and he is going to continue to improve it and make it better.  This coin is not abandoned, nor will it be.  It's tied to Hiro's reputation and he's not going to let it fail.  He can't control the way the market reacts to things and different coins, but he can continue to work on and improve the coin so that when others fail, this one will remain viable.

Everyone wants immediate profits, but sometimes you have to take a risk on a long bet when the prices are low.  If you have faith in the developer, and seen the work he's already done, you'll know this coin is going to go places.  It's just not going to be today, but it will happen.*

* Unless Hiro dies or gets drafted in the army, then all bets are off.

OWARbama Supporters Actually Hate Obama's Policies

http://youtu.be/Skw-0jv9kts

+1

Pretty disappointing all around.

Or:

1. He does not share your childish humor.
2. His attitude towards the video has nothing to do with his opinion towards the coin.
3. It's quite possible that there are a lot more people in this world that dislike Obama than those who like him.

To be honest I really don't see why anybody who does not like the video should be trolling this coin. I own a couple of mil Hiros and believe that the video makes Hiro look desperate without having any strong feelings towards Obama. I'd much rather have a video where the main developer himself goes out and throws in a few sentences in the same direction. That would actually mean something to the community and potential investors. The message that I get from your Obama video is: hey, we are desperate for any attention we can get.

You either have :

A)  no sense of humor
B)  a hard-on for trolling this coin
C)  legitimate reasons to hate Obama

Probably a nice mix of these three

What about any status update from the development team?

Its criminal.

You are associating yourselves with a murderous fascist scumbag with a drone up his ass.

Is that a question, Mrs. Serious?

'cause this is not the DOGE thread?