Topic: [ANN][C2] Coin2 | POS | Official Thread | BF3 | BF4 | CS:GO | Chain of Conflict - page 6. (Read 484384 times)

@nrigo

Is proof of space also being considered as well? It's a pretty neat feature I enjoy about Burstcoin.
Multi-Algo PoW (3 or perhaps more?) + Proof of Stake + Proof of Space

PoW = 20%+20%+20%
PoS = 20%
Proof of Space = 20%

Would make for a really secure block chain.

Also what are your thoughts on having a very quick block time? Something like 7.5 or 10 seconds? Transaction times would be super fast; perhaps faster than any coin out there and hopefully we can have low fee's on top of that.

Check out Coin2.1 chart at BitScreener
https://bitscreener.com/coins/coin2-1

A note on the wallet, Coin2 v2.1.3.1 takes over 10 minutes to start, and my PC is new, purchased in November, also consumes a lot of resources, about 650 kb of memory, to make a comparison Firefox Quantum 58.0b11 consumes 320 kb on average, even Bitcoin Core 0.15.1, which has a database of about 160 GB, is faster.
I think we need to improve the wallet and make it more fluid and faster.

I really enjoy how you've incorporated the best of all coins. PoW multialgorithm + PoS + 1000 masternodes + 1000 superstakers would be very attractive. Hopefully it will be one of the fastest coins for confirmation and low fee's to attract even more users. Though not sure if we'd need higher than a max of 25m coins to be one of the fastest transaction coins.

A temporary higher block reward + higher APR could be nice as well. I've always believed staggering these out at different times gives the best diversification and fairness. Perhaps having random days once a week give @ X1.5 PoW block reward for the first 90 days? I dont think it should be too dramatic like X2 but enough to give early adopters and those lucky enough to mine those random days a little extra.

As for names.... It'd be kind of cool to go with something that pays tribute to the new attributes of the coin or maybe something to pay homage to the old coin... but in the end I think going with something that's a clean slate would be best of all. Something new and simple.

My vote goes to:
CByte
Symbol = CBT

Just my thoughts

I've had C2 since the original giveaway, always liked the coin, glad to see some folks are taking an interest in it again.

Thanks for the welcome  but I am a holder of c2 since the first hour  
I've never sold c2, or rather I bought (I'm in the rich list) because, between highs and lows, c2 is a currency that has a solid base, good prospects for growth. 

You are welcome

It isn't the management that we have for the development, they will be new peoples.

It will be more easy for me to put a financial team because I'm living there and I will probably manage the development until the foundation is operational.

In a first step, the main purpose of the foundation will be to manage and to grow the capital to support the new coin value with real assets.

First of all...thanks for the advice on the staking 
The management that you have for the development of c2? 

I withdrawed 500K C2 from the exchanges to the 10 Mil wallet: CM8ayfAHZPuJQ1NqF8KLhp874kcaCCUDBa
I decided to remove these coins from there because of security reasons. Actually the trading balance is about 910K with about 2/3 at Cryptopia and 1/3 at Yobit.

Novaexchange will temporary close next year because it was sold. They announced the Coin2 delisting a few days ago: https://novaexchange.com/news/.
If you have some C2 there, please withdraw them to your wallet or to an other exchange.

A few parts of the puzzle
The current Coin2 value is about 0.0035 USD. After the swap, the value of the new coin should be 0.035 USD or more because of the 10:1 ratio.

PoW multialgorithm + PoS while implementing 1000 masternodes and 1000 superstakers may attract thousands of users.

The combination of a higher block reward and of a higher APR for a limited time would make a beautiful fireworks but the major difficulty is to make a perfect calculation to keep the supply under control. I would need a mathematician here.

Masternodes would destroy 5,000 coins and catch 50% of the staking rewards, consequently the circulating supply would fall to 7.5 Mil.
Superstakers would get a 100% staking bonus and would require a minimum coin balance of 2,500 coins. Thus 2.5 Mil would be locked for a while.

While using software keys, any standard wallet could be upgraded to masternode, superstaker or both  

Masternodes and superstakers would be listed by their public address only. Masternodes wouldn't need to be online to receive payouts from staking wallets, consequently any attack couldn't affect them.

What's about selling the masternode keys at a price of 1600 USD each and the superstaker keys at a price of 800 USD each to pay for the development / marketing and to support the new coin value with a 2 Mil USD capital? It would guarantee a minimal price of about 0.1 USD a coin

I would suggest payments in USDT to protect the capital against market volatility. What do you think about 25% in advance for pre-orders?

Next year, the capital would be managed by a Switzerland based foundation composed of professionals from the finance world to ensure a constant growth.
Consequently, most of the capital would be converted to Swiss franc which is one of the strongest currency worldwide.

The best things you can do from now are:

• Thinking about a name for the new coin. A form for name proposal is coming soon
• Staking with your wallet as much as possible to increase your C2 holding before the swap

Nice!
The true argument should unlock for staking only and the false argument should unlock all functionalities.
This command argument is required but it has no effect, that is why I wrote "it doesn't work as it should".

Unlocking your wallet with the unlock button has the same effect but without the timer to lock your wallet again.

  works...staking 
thanks ... I did not know this function 
last question, the true / false option what is it for? 

I feel so sorry... I made tests and I discovered that this functionality was not working as it should or was never implemented.

I used this command in the console:

walletpassphrase MyPassPhrase 3600 true

It unlocks the wallet for 3600 seconds (1 hour or more while using a higher value), but outgoing transactions are also allowed.

The wallet will be unlocked and will stake for 3600 seconds (an hour) and it will lock automatically after the timeout.

The true or false argument is required but the wallet is also staking while using the false argument.

Here is the help for this command:
walletpassphrase [mintonly]
Stores the wallet decryption key in memory for seconds.
mintonly is optional true/false allowing only block minting.

To lock your wallet again and cancel the timer, you can use the walletlock command in the console or click on the lock/unlock wallet button.

Thank you!
In Q1 or Q2 2018. It will depend of the time needed to develop and to test the new coin.

Sounds like a good plan
Do you have an ETA on the swap? (general idea of when you think this will happen)

Yes, it will be a new coin with a brand new name.

We are going to create a form for new names proposal and then we will launch a community vote. The proposal getting the more votes will be rewarded.

ASIC resistant and allowing GPU mining. The PoW Multi-algorithm is a very good idea and we will think about it.

how do I configure the coin2 wallet to do the staking even with the encrypted wallet? 

Will Coin2.1 be getting a new name once the swap date is decided? If so do you already have some names to pick out / want the community to help with picking a new name?

Also any news / thoughts on specification on the new coin? Would be neat to see a PoW multi-algorithm. Perhaps something like Digibyte with 5 different algorithms.

Looking forward to the future of this coin

mmm ... how to do it? 

As long as your wallet.dat file is encrypted, your can stake your coins without risk while using the "Unlock for staking only" option.

It allows your wallet to stake but it locks any other outgoing transactions.

I do not use the POS, because the wallet must be open, I keep the wallet of my crypto coins encrypted, To avoid any attack...