Topic: [ANN][DIEM] CarpeDiemCoin Ҩ 8 Sec Ҩ Scrypt and SHA Multipool ARE NOW LIVE!! - page 19. (Read 42677 times)
March 31, 2014, 02:39:35 AM
If you guys find someone that makes both BEN and DIEM merge minable with BTC we will do a merged mining pool on Paysha for all 5 coins accepted
March 31, 2014, 02:21:16 AM
Perfect candidate for merged mining is Benjamins [BEN] !
That is a good idea too!
March 31, 2014, 02:19:58 AM
March 31, 2014, 01:57:29 AM
March 31, 2014, 01:56:59 AM
Nothing is going to happen until rewards hit 0 and the multipool is done. Merged mining with BTC would be the only thing we do if there is a fork, but we will just increase transaction fees prior to forking if we need to
March 31, 2014, 01:47:19 AM
https://en.bitcoin.it/wiki/Tragedy_of_the_Commons
Here's an interesting read, based on the situation.
Merge mining really seems like the best alternative that I can think of, if you can get past the mismatched block time issue. Our blockchain still gets processed and the proceeds of the other coin(s) can still be converted to DIEM.
I propose that the scrypt-side of the multipool be "most profitable" and the SHA-side be merge mined (multiple or most profitable). Does that sound like a viable solution?
Here's an interesting read, based on the situation.
Merge mining really seems like the best alternative that I can think of, if you can get past the mismatched block time issue. Our blockchain still gets processed and the proceeds of the other coin(s) can still be converted to DIEM.
I propose that the scrypt-side of the multipool be "most profitable" and the SHA-side be merge mined (multiple or most profitable). Does that sound like a viable solution?
So mining incentive on sha will be merge mining some other coin and DIEM together? Get paid in merge mined coin and bootstrap DIEM?
Which coin can we get for a tea and "merge mine" with? Do we need a new one or just convince a coin to fork?
I don't want to plug fusion coin too much, but it has merge mining both on scrypt and sha, which could be a perfect solution for us, no need to wait for multipool even.
We could make an alliance of 3 coins DIEM, Fusion, and some innovative scrypt coin which could add to total network security and features.
Is that kind of thing possible?
March 31, 2014, 01:39:06 AM
Mining incentive = Block chain security = Coin usage
8 seconds per block is amazing!
If it can be stable at this speed, secure and liquid there could be growth in billions!
But how can people put their millions in it if double spending on DIEM costs 1000$ or less?
POW, POS any other GOOD security implementation protecting from double spend can send this coin to coinmarketcap top #10.
Do you want to get that CARPE DIEM boat or not?
http://i.imgur.com/3NFM0cc.jpg
8 seconds per block is amazing!
If it can be stable at this speed, secure and liquid there could be growth in billions!
But how can people put their millions in it if double spending on DIEM costs 1000$ or less?
POW, POS any other GOOD security implementation protecting from double spend can send this coin to coinmarketcap top #10.
Do you want to get that CARPE DIEM boat or not?
http://i.imgur.com/3NFM0cc.jpg
March 30, 2014, 10:44:13 PM
https://en.bitcoin.it/wiki/Tragedy_of_the_Commons
Here's an interesting read, based on the situation.
Merge mining really seems like the best alternative that I can think of, if you can get past the mismatched block time issue. Our blockchain still gets processed and the proceeds of the other coin(s) can still be converted to DIEM.
I propose that the scrypt-side of the multipool be "most profitable" and the SHA-side be merge mined (multiple or most profitable). Does that sound like a viable solution?
Here's an interesting read, based on the situation.
Merge mining really seems like the best alternative that I can think of, if you can get past the mismatched block time issue. Our blockchain still gets processed and the proceeds of the other coin(s) can still be converted to DIEM.
I propose that the scrypt-side of the multipool be "most profitable" and the SHA-side be merge mined (multiple or most profitable). Does that sound like a viable solution?
The multipool is only for Scrypt, to encourage SHA miners to stay on DIEM
March 30, 2014, 10:30:23 PM
https://en.bitcoin.it/wiki/Tragedy_of_the_Commons
Here's an interesting read, based on the situation.
Merge mining really seems like the best alternative that I can think of, if you can get past the mismatched block time issue. Our blockchain still gets processed and the proceeds of the other coin(s) can still be converted to DIEM.
I propose that the scrypt-side of the multipool be "most profitable" and the SHA-side be merge mined (multiple or most profitable). Does that sound like a viable solution?
Here's an interesting read, based on the situation.
Merge mining really seems like the best alternative that I can think of, if you can get past the mismatched block time issue. Our blockchain still gets processed and the proceeds of the other coin(s) can still be converted to DIEM.
I propose that the scrypt-side of the multipool be "most profitable" and the SHA-side be merge mined (multiple or most profitable). Does that sound like a viable solution?
March 30, 2014, 10:05:49 PM
Let me start by saying I support DIEM, and that's not going to change... I can see where imaginary_coinputer is coming from, and he has a point concerning securing the blockchain. I know it's taboo to mention a competitor's coin, but look at blackcoin for example. Since mining is out, POS took the reigns, freeing the miners to seek profits at the multipool. The blockchain is free from 51%, transactions keep processing, miners get stake+multipool proceeds, profit all-around. When it comes to consumer money, whether it be from a merchant, customer, miner, or whomever, all possible avenues of security should be addressed rather that put on the back-burner. If a loose end comes about that can be easily fixed, simply patch it up and keep it moving. In this situation, you have a perfect opportunity to prevent a 51% (whether it was going to happen or not) and give miners/holders a double-win.
Not taking sides here, but I'm simply thinking from a miner's perspective. Mining incentive is being downplayed here where it should be held in the highest regard alongside security, of course. As a miner, I point my hardware to something profitable; a win-win for the blockchain and the miner. Sure, there will be idealists that don't mind mining just to keep a coin alive for a little pocket change, but why depend on them when you don't have to? Sure, there are malicious blackhats that will do what they can to kill a coin. Why leave the coin open to a 51% when you don't have to? I don't know about you, but I shut and lock my door when I leave my home
Leaving it open because I'm in a "good neighborhood" doesn't cut it for me.
Other than that, the community support is great, keep up the good work
Not taking sides here, but I'm simply thinking from a miner's perspective. Mining incentive is being downplayed here where it should be held in the highest regard alongside security, of course. As a miner, I point my hardware to something profitable; a win-win for the blockchain and the miner. Sure, there will be idealists that don't mind mining just to keep a coin alive for a little pocket change, but why depend on them when you don't have to? Sure, there are malicious blackhats that will do what they can to kill a coin. Why leave the coin open to a 51% when you don't have to? I don't know about you, but I shut and lock my door when I leave my home
Leaving it open because I'm in a "good neighborhood" doesn't cut it for me. Other than that, the community support is great, keep up the good work
We are setting the transactions at 1 DIEM per miner when they get paid out of the multipool. Let us get that running, see how those numbers play out, and go from there. I can tell you that POS isn't the solution. If we need to raise transaction fees, we can do that, but I think the plan we have going will have much better results than you guys think
POS isn't always the end-all-be-all solution, just an example. I am curious as to your reasons why you feel so strongly against it, though. I am glad that you're trying to tackle the problem in some form or another.
If we added POS to an 8 second coin, I can guarantee we would have large forks in the future
March 30, 2014, 09:59:06 PM
Let me start by saying I support DIEM, and that's not going to change... I can see where imaginary_coinputer is coming from, and he has a point concerning securing the blockchain. I know it's taboo to mention a competitor's coin, but look at blackcoin for example. Since mining is out, POS took the reigns, freeing the miners to seek profits at the multipool. The blockchain is free from 51%, transactions keep processing, miners get stake+multipool proceeds, profit all-around. When it comes to consumer money, whether it be from a merchant, customer, miner, or whomever, all possible avenues of security should be addressed rather that put on the back-burner. If a loose end comes about that can be easily fixed, simply patch it up and keep it moving. In this situation, you have a perfect opportunity to prevent a 51% (whether it was going to happen or not) and give miners/holders a double-win.
Not taking sides here, but I'm simply thinking from a miner's perspective. Mining incentive is being downplayed here where it should be held in the highest regard alongside security, of course. As a miner, I point my hardware to something profitable; a win-win for the blockchain and the miner. Sure, there will be idealists that don't mind mining just to keep a coin alive for a little pocket change, but why depend on them when you don't have to? Sure, there are malicious blackhats that will do what they can to kill a coin. Why leave the coin open to a 51% when you don't have to? I don't know about you, but I shut and lock my door when I leave my home Leaving it open because I'm in a "good neighborhood" doesn't cut it for me.
Other than that, the community support is great, keep up the good work
Not taking sides here, but I'm simply thinking from a miner's perspective. Mining incentive is being downplayed here where it should be held in the highest regard alongside security, of course. As a miner, I point my hardware to something profitable; a win-win for the blockchain and the miner. Sure, there will be idealists that don't mind mining just to keep a coin alive for a little pocket change, but why depend on them when you don't have to? Sure, there are malicious blackhats that will do what they can to kill a coin. Why leave the coin open to a 51% when you don't have to? I don't know about you, but I shut and lock my door when I leave my home
Leaving it open because I'm in a "good neighborhood" doesn't cut it for me. Other than that, the community support is great, keep up the good work
We are setting the transactions at 1 DIEM per miner when they get paid out of the multipool. Let us get that running, see how those numbers play out, and go from there. I can tell you that POS isn't the solution. If we need to raise transaction fees, we can do that, but I think the plan we have going will have much better results than you guys think
POS isn't always the end-all-be-all solution, just an example. I am curious as to your reasons why you feel so strongly against it, though. I am glad that you're trying to tackle the problem in some form or another.
March 30, 2014, 09:52:36 PM
Well we will have a mention of DIEM in the Paysha press release which will be blasted onto many big name sites
March 30, 2014, 09:50:18 PM
Need to see numbers from the pool paying out to miners how high transaction fees need to be raised to entice SHA miners back on. If there are enough miners, I think you are underestimating how many fees will be generated by auto payouts
I might be underestimating, of course, but seeing how destabilizing low network hashrate can be ...
Blockchain splits into multiple forks, exchanges start dropping the coin and it's over very fast.
Also how do you know if we are not under 51% attack already? Do we have any service to monitor and react?
Might take days to spot, and than days to rollback.
Chicken and egg problem:
You can only have lots of transactions (and big fees to secure the network) if you have a lot of demand for using DIEM.
But to build demand, we need a stable long term platform (lots of transactions and fees).
Right now we have neither. Building multipool increases both demand side and network security/fees side, but just orders of magnitude less than what is needed (viral growth).
You were very insightful posting bounties for viral videos from the start. The only coin which achieved viral growth is doge, and thats because they already reused the viral growth component - the doge meme. Other coins which did well on the demand side are all generating mainstream press articles: bitcoin, dogecoin, auroracoin.
If anyone has any ideas how to get on BBC or CNN, please come forward and claim those 500 million DIEM
To get big names like that would take big moves by the coin. We can learn from other coins and build on top of that; no need to reinvent the wheel there. Pretty-up the logo, host major fundraisers, that kind of thing. I think a nice, themed fundraiser would be a great start. To get some creative juices flowing, browse some "Faith in humanity: restored" media.
March 30, 2014, 09:49:05 PM
Let me start by saying I support DIEM, and that's not going to change... I can see where imaginary_coinputer is coming from, and he has a point concerning securing the blockchain. I know it's taboo to mention a competitor's coin, but look at blackcoin for example. Since mining is out, POS took the reigns, freeing the miners to seek profits at the multipool. The blockchain is free from 51%, transactions keep processing, miners get stake+multipool proceeds, profit all-around. When it comes to consumer money, whether it be from a merchant, customer, miner, or whomever, all possible avenues of security should be addressed rather that put on the back-burner. If a loose end comes about that can be easily fixed, simply patch it up and keep it moving. In this situation, you have a perfect opportunity to prevent a 51% (whether it was going to happen or not) and give miners/holders a double-win.
Not taking sides here, but I'm simply thinking from a miner's perspective. Mining incentive is being downplayed here where it should be held in the highest regard alongside security, of course. As a miner, I point my hardware to something profitable; a win-win for the blockchain and the miner. Sure, there will be idealists that don't mind mining just to keep a coin alive for a little pocket change, but why depend on them when you don't have to? Sure, there are malicious blackhats that will do what they can to kill a coin. Why leave the coin open to a 51% when you don't have to? I don't know about you, but I shut and lock my door when I leave my home Leaving it open because I'm in a "good neighborhood" doesn't cut it for me.
Other than that, the community support is great, keep up the good work
Not taking sides here, but I'm simply thinking from a miner's perspective. Mining incentive is being downplayed here where it should be held in the highest regard alongside security, of course. As a miner, I point my hardware to something profitable; a win-win for the blockchain and the miner. Sure, there will be idealists that don't mind mining just to keep a coin alive for a little pocket change, but why depend on them when you don't have to? Sure, there are malicious blackhats that will do what they can to kill a coin. Why leave the coin open to a 51% when you don't have to? I don't know about you, but I shut and lock my door when I leave my home
Leaving it open because I'm in a "good neighborhood" doesn't cut it for me. Other than that, the community support is great, keep up the good work
We are setting the transactions at 1 DIEM per miner when they get paid out of the multipool. Let us get that running, see how those numbers play out, and go from there. I can tell you that POS isn't the solution. If we need to raise transaction fees, we can do that, but I think the plan we have going will have much better results than you guys think
March 30, 2014, 09:40:10 PM
Let me start by saying I support DIEM, and that's not going to change... I can see where imaginary_coinputer is coming from, and he has a point concerning securing the blockchain. I know it's taboo to mention a competitor's coin, but look at blackcoin for example. Since mining is out, POS took the reigns, freeing the miners to seek profits at the multipool. The blockchain is free from 51%, transactions keep processing, miners get stake+multipool proceeds, profit all-around. When it comes to consumer money, whether it be from a merchant, customer, miner, or whomever, all possible avenues of security should be addressed rather that put on the back-burner. If a loose end comes about that can be easily fixed, simply patch it up and keep it moving. In this situation, you have a perfect opportunity to prevent a 51% (whether it was going to happen or not) and give miners/holders a double-win.
Not taking sides here, but I'm simply thinking from a miner's perspective. Mining incentive is being downplayed here where it should be held in the highest regard alongside security, of course. As a miner, I point my hardware to something profitable; a win-win for the blockchain and the miner. Sure, there will be idealists that don't mind mining just to keep a coin alive for a little pocket change, but why depend on them when you don't have to? Sure, there are malicious blackhats that will do what they can to kill a coin. Why leave the coin open to a 51% when you don't have to? I don't know about you, but I shut and lock my door when I leave my home Leaving it open because I'm in a "good neighborhood" doesn't cut it for me.
Other than that, the community support is great, keep up the good work
Not taking sides here, but I'm simply thinking from a miner's perspective. Mining incentive is being downplayed here where it should be held in the highest regard alongside security, of course. As a miner, I point my hardware to something profitable; a win-win for the blockchain and the miner. Sure, there will be idealists that don't mind mining just to keep a coin alive for a little pocket change, but why depend on them when you don't have to? Sure, there are malicious blackhats that will do what they can to kill a coin. Why leave the coin open to a 51% when you don't have to? I don't know about you, but I shut and lock my door when I leave my home
Leaving it open because I'm in a "good neighborhood" doesn't cut it for me. Other than that, the community support is great, keep up the good work
March 30, 2014, 09:13:14 PM
Still giving free DIEM on YouTube https://www.youtube.com/watch?v=Uwz0T-2kkEk
March 30, 2014, 09:00:14 PM
We were discussing doing a merged mining pool when we launch Paysha and mining every coin on there at the same time. Someone would have to add merged mining to both DIEM and Benjamin's then to be aux to BTC
Its already built in to NMC and PPC
Its already built in to NMC and PPC
March 30, 2014, 08:56:08 PM
Perfect candidate for merged mining is Benjamins [BEN] !
March 30, 2014, 08:48:56 PM
Another question to dev: can DIEM be merge mined with FusionCoin? https://bitcointalk.org/index.php?topic=512149.600
Any SHA coins can be merge mined. One of them just needs to accept the other's POW as its own. If we were to merge mine with another SHA coin, it would be best for that coin to be the auxillary chain and DIEM to be the parent because of fast block times and a longer chain. It would require the coin that wants to be merge mined with DIEM a hard fork. It could still be mined by itself, though, too
March 30, 2014, 08:38:28 PM
Another question to dev: can DIEM be merge mined with FusionCoin? https://bitcointalk.org/index.php?topic=512149.600
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