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Topic: [ANN][1000 SYNC] Proof of Stake now run by BLOCKCHAIN DEVELOPMENT COMPANY - page 239. (Read 816006 times)

sr. member
Activity: 434
Merit: 250
idk if its just me, but my sync wallet doesnt like to sync. I upgraded the wallet, and added the right conf file. I was synced up fine yesterday, woke up today and im 9 hours behind. doesnt appear to be moving either. I restarted the PC and wallet with nothing yet.

what you mean? Sync don't Sync?  Roll Eyes
full member
Activity: 154
Merit: 100
to whom it may concern - a friend of mine - is getting rich with this Kind of formations shown in the chart
full member
Activity: 210
Merit: 100
idk if its just me, but my sync wallet doesnt like to sync. I upgraded the wallet, and added the right conf file. I was synced up fine yesterday, woke up today and im 9 hours behind. doesnt appear to be moving either. I restarted the PC and wallet with nothing yet.
full member
Activity: 154
Merit: 100
another bottom turn around VERY GOOD - same procedure as everytime

it finally hits the bottom Support to test weak Hands - buying and if you can sl under it it shouldnot get under 0,24 - look @the volumefalling down till the spike - that Shows its not the main move
its still missing and will hit 0,41 again

the range from 01 to 03 june Shows that


sr. member
Activity: 1274
Merit: 265
Wow, a dump happened on mintpal. Buy'em up.

That means a chance to buy them cheap ;-)

0.1 BTC gap between buy and sell orders -> you can profit 0.1 BTC with every 1 sync buy-sell cycle.

because buy orders of a pittance of a satoshi are going to balance the dumps aren't they?
 Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy



eeeeeh no.
i'll take sum if you're throwing away Roll Eyes
sr. member
Activity: 434
Merit: 250
Wow, a dump happened on mintpal. Buy'em up.

That means a chance to buy them cheap ;-)

0.1 BTC gap between buy and sell orders -> you can profit 0.1 BTC with every 1 sync buy-sell cycle.

because buy orders of a pittance of a satoshi are going to balance the dumps aren't they?
 Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy



eeeeeh no.
sr. member
Activity: 477
Merit: 500
Wow, a dump happened on mintpal. Buy'em up.

That means a chance to buy them cheap ;-)

0.1 BTC gap between buy and sell orders -> you can profit 0.1 BTC with every 1 sync buy-sell cycle.
sr. member
Activity: 434
Merit: 250
are we havin' fun yet? want some more?  Cheesy Cheesy Cheesy Cheesy Cheesy
member
Activity: 462
Merit: 10
Wow, a dump happened on mintpal. Buy'em up.
full member
Activity: 144
Merit: 100
i hope they dont change it.if so i will sell my 3.6 sync and jump ship .1% is not worth it

I will be glad to buy from you, it's hard to get that much Sync now.  The initial interest was 1% I don't need any reason why anyone should be complaining about going back to 1%

+1
i agree, we must return stake to 1% ASAP
sr. member
Activity: 477
Merit: 500

i still had to restart the clients twice, but now it seems to work and I have enabled 'listen' again, in hopes that the bad nodes won't come back to haunt us  Shocked

The latest wallent ignores the bad nodes :-) It downloads blocks only from nodes which announces protocol version 60017 or greater.
But it wil push our blocks to them ;-) And then they will ban our nodes, thinking we are the bad guy.

That's why I'm a bit worried about that protocol 60018. But it won't hurt us, if it would, then it would be easy to cause havoc just by creating a node with big version number.

Actually that .conf file is essential only when you start your wallet first time. After that it will keep database about good nodes and will find them (unless you delete that file)

that's very clever set up, but I wasn't able to get the correct chain when listening and then I all of a sudden could download when configuring for not to listen. Off course I could have been more 'lucky' that last time, but then I was unlucky the 25 times before..  Undecided   This is the Windows wallet, "1.0.1", was the changes implemented yet on that one?

No, it's 1.0.2 which ignores the old wallets. Did not want put it in effect on the first version when there practically was no new versions available.
full member
Activity: 154
Merit: 100

i still had to restart the clients twice, but now it seems to work and I have enabled 'listen' again, in hopes that the bad nodes won't come back to haunt us  Shocked

The latest wallent ignores the bad nodes :-) It downloads blocks only from nodes which announces protocol version 60017 or greater.
But it wil push our blocks to them ;-) And then they will ban our nodes, thinking we are the bad guy.

That's why I'm a bit worried about that protocol 60018. But it won't hurt us, if it would, then it would be easy to cause havoc just by creating a node with big version number.

Actually that .conf file is essential only when you start your wallet first time. After that it will keep database about good nodes and will find them (unless you delete that file)

that's very clever set up, but I wasn't able to get the correct chain when listening and then I all of a sudden could download when configuring for not to listen. Off course I could have been more 'lucky' that last time, but then I was unlucky the 25 times before..  Undecided   This is the Windows wallet, "1.0.1", was the changes implemented yet on that one?

it wont hurt us - BUT it assures that badnodes dont get overwhelming - good Thing i think
newbie
Activity: 39
Merit: 0
Maybe we can make a poll. Last decision is still on the dev side but maybe it helps to see what others think.
full member
Activity: 210
Merit: 100
My vote goes for 100% POS decreasing inline with the bitcoin supply (except 2 years instead of 1):

2014/2015     100%
2016/17         50%
2018/19         33.33%
2020/21         12.50%
2022/23         11.11%
2024/25         10.00%
2026/27         4.17%
2028/ongoing  4.00% annual interest

can you do it?
sr. member
Activity: 420
Merit: 250

i still had to restart the clients twice, but now it seems to work and I have enabled 'listen' again, in hopes that the bad nodes won't come back to haunt us  Shocked

The latest wallent ignores the bad nodes :-) It downloads blocks only from nodes which announces protocol version 60017 or greater.
But it wil push our blocks to them ;-) And then they will ban our nodes, thinking we are the bad guy.

That's why I'm a bit worried about that protocol 60018. But it won't hurt us, if it would, then it would be easy to cause havoc just by creating a node with big version number.

Actually that .conf file is essential only when you start your wallet first time. After that it will keep database about good nodes and will find them (unless you delete that file)

that's very clever set up, but I wasn't able to get the correct chain when listening and then I all of a sudden could download when configuring for not to listen. Off course I could have been more 'lucky' that last time, but then I was unlucky the 25 times before..  Undecided   This is the Windows wallet, "1.0.1", was the changes implemented yet on that one?
full member
Activity: 154
Merit: 100
nite is write

the questions was "Do we need to keep the wallet open all the time?" NO SURELY NOT - but if you want to stake soon youll have to
full member
Activity: 210
Merit: 100
Excellent job nite and ms. Very impressed indeed. Thankyou  Kiss
full member
Activity: 154
Merit: 100
Now that the wallet is working and staking. Can someone write a guide or update the OP about POS and how it works? Few questions that I can't seem to get a definite answer on. Sorry if this was answered earlier in the 350+ Pages.

Do we need to keep the wallet open all the time?
If not, then for how long and how frequently
Difference between Stake and Spendable
How I move coins from Stake to Spendable?
What does 'you weight' & 'network weight' mean?

Total coins through POW is 1000 and then with POS it is 100% per year, with a total limit of 10000 coins?

Few other FAQ's can be added to make existing & new Syncer's be aware of how POS works.

Thanks in advance.

Can someone please answer these question? Thanks

kindly  Grin

1.) yes only a wallet that is not lockedand  that is connected to the network after it has matured  is able to stake
2.) Youre not getting all the coins that are in the wallet at the same time - so they have more or less an other priority - if staking begins the highest priority with the highest Age is halved (as example) - one Piece is staking one Piece is spendable and soon the stake that you received has get Minimum 50 confirmations - all is putting together and is spendable again

spendable means you can througout it in the world - buying something - therefor the staking ones are hold back - beacuse you cant do all at one time - staking and spending

the process behind this Thing is that the old "amount" is destroyed and rebuild as a new "one" with a new coinage - although you dont see this
3.)You can probably do this by shuttimg down your wallet - but the effect will be that you dont get your stake

right after staking and confirmation (look above) you will get your Money back BUT...

if you had to do a payment that is very improtant you can interupt the staking to get it all spendable - like written before
4.) weight' & 'network weight' is another word for Age of the coins - soon youre mining or staking you get new coins with a different weight (Age) they Need to get mature coins first - so they have a smaller weight

i think you can control that by putting them all together -> coincontrol
sr. member
Activity: 477
Merit: 500
Now that the wallet is working and staking. Can someone write a guide or update the OP about POS and how it works? Few questions that I can't seem to get a definite answer on. Sorry if this was answered earlier in the 350+ Pages.

Do we need to keep the wallet open all the time?
No. But since keeping a wallet online strenghtens the coin, you are rewarded for keeping it online as much as possible.
Quote
If not, then for how long and how frequently
The maximum stake is get with coins 3 days old, so that is some hint of good frequency to keep it online. Better, if you keep it online all time, but good enought if you put it online every 3 days until all your coins are staked.
Quote
Difference between Stake and Spendable
Stake is waiting to be spendable. You cannot spend stake, but obvisously you can spend spendable :-)
Quote
How I move coins from Stake to Spendable?
It will happen automatically, it just takes some time. If you want to keep minimum amount of coins spendable all time, you can set it on settings (you'll get a bit less stake)
Quote
What does 'you weight' & 'network weight' mean?
Actually, I'm not sure about that, but I have understood that your weight / network weight tell you how likely is that you get stake on next block
Quote

Total coins through POW is 1000 and then with POS it is 100% per year, with a total limit of 10000 coins?
It's being talk about what the interest will be in the end.
Quote

Few other FAQ's can be added to make existing & new Syncer's be aware of how POS works.

Thanks in advance.

Good questions. You are wellcome!
sr. member
Activity: 477
Merit: 500

i still had to restart the clients twice, but now it seems to work and I have enabled 'listen' again, in hopes that the bad nodes won't come back to haunt us  Shocked

The latest wallent ignores the bad nodes :-) It downloads blocks only from nodes which announces protocol version 60017 or greater.
But it wil push our blocks to them ;-) And then they will ban our nodes, thinking we are the bad guy.

That's why I'm a bit worried about that protocol 60018. But it won't hurt us, if it would, then it would be easy to cause havoc just by creating a node with big version number.

Actually that .conf file is essential only when you start your wallet first time. After that it will keep database about good nodes and will find them (unless you delete that file)
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