Topic: [ANN][EGC] EverGreenCoin® | 7% PoS | Foundation | Bittrex | Android - page 28. (Read 81800 times)

EverGreenCoin v1.8 source code has been committed, https://github.com/EverGreenCoinDev/EverGreenCoin/releases/tag/v1.8.0.0

Seednodes are being upgrade whilst I compose this. Exchanges will be contacted after all seednodes are upgraded and known to be stable.

Windows and Mac binaries will be prepared ASAP. Barring any changes needed for those builds, cosmetics if any, the mentioned code will be used. The public release of Windows and Mac binaries will be slightly delayed for marketing reasons after their compiling and final testing, but only for a day or two. Please join us in Discord if you can't stand to wait, as community members there will have early access despite the marketing wait. Please know this marketing wait is as requested and to build hype. Please retweet or tweet! Team members are exploring options for a twitter campaign. If any bounties are offered, we will surely inform here.

EverGreenCoin v1.8 is not a required upgrade. However; to benefit the many functional and aesthetic improvements, it is and will be strongly advised. It is nice! You'll be happy you did.

To the treetop!

p.s. I will get a video update for the month of September recorded ASAP. You can guess the star of that agenda! Due to time limitations, I may do that during the marketing wait window and when public release date will be known.

Was hoping to make it this week - but my decorating marathon overran - hope all is well =)

Here is the link to today's EverGreenCoin meeting, https://hangouts.google.com/hangouts/_/eocc3fbjtjar5dmusqyi5nkrjye

All are welcome! See you there!


EDIT: Don't forget to vote: https://txbit.io/Coin

So the community is aware, we are delaying the release of v1.8 until next week. Several conflicts arose when merging all the changes together and while these conflicts have been addressed, addressing them has unexpectedly stretched the timeline slightly. This will give a few days to make sure nothing is missed, perhaps further polish, and better raise some anticipation / hype of the release.

Please know this is only done to better the release and ensure v1.8 meets and exceeds expectations. Thank you for your patience.

Yes, but that's not necessarily a bad thing. I'm sure I read a great article about it a few months ago but I'm not sure where (and don't think I bookmarked it).

The real issue is if the inflation/growth is too high (as is the case with a few cryptos - there are a few at 100% or more), new coins will devalue the existing coins and only encourages people to hoard coins. If your not staking them your coins will effectively decrease in value.

With EverGreenCoin the rate of growth is relatively low (currently maximum of 7% but as already mentioned it's going to be lower overall). At a rate like that the value of each individual coin shouldn't be affected by new coins being created because the new coins created a day is relatively low.

“Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.”
— Satoshi Nakamoto

As the emission protocol stands, yes. But here is a few points to consider:

• Maximum inflation could be 7% annual. It is very reasonable to think growth will, perhaps easily, offset this.
• It will only be 7% annual if ALL coins are staked ALL the time. Neither are true. We estimate it to be closer to 3% from observations and statistical data is being recorded every hour to provide an accurate number.
• Coins get lost. Given the yobit fiasco and support tickets, I would venture to guess more than 7% annual already may have been. While these coins do still technically exist, they will most likely never see the light of circulation again.

Not specifically in regards to supply but, to look at any software and think it will not evolve over many years is irrational. We know in fact it must and will. With both the consensus needed by the network and the openness of the foundation board and community, you can rest assured knowing that when it does it will always do so in the best interest of the community. Policies are being drafted to ensure this will be the way EverGreenCoin continues past any of our lives.

I am doing some research and it seems like there is no maximum supply. Am i right? With the coins created with PoS, inflation will just go on indefinitely?

Added my vote - fingers crossed!

Please vote for EverGreenCoin to be added to txbit.io upon the exchange's launch: https://txbit.io/Coin

It is free to vote. You can vote once every 24 hours.

Thanks in advance!

Happy Spring southern hemisphere! 

Here is the link to today's meeting, https://hangouts.google.com/hangouts/_/l4f7kwbekjhgxpgoxom2r5ypeye

Today will be a shorter meeting. I will not be able to hold the hangout open as long, as I have some personal matters to tend to.

If I do not get to tell you in person at the hangout, Happy Autumn northern hemisphere and have a great weekend all!

Thanks for the update - looking forward to seeing the new version!

Coming soon! ETA: Last week of September.

We have planted almost 25k trees through our various efforts.

Any updates with what this coin has done for the environment?

Actually it has less to do with the address itself. But rather transactional blocks or, more commonly called, coin groups. We, for the purpose of this discussion and as you asked, have been assuming one group.

But coins "at an address" are not what is staked, rather, coins "of a group" are. An address can have any number of groups. For example, if you are sent 1 EGC in a transaction from anywhere, it is a group. If you are sent 100 EGC, it is a different group. As far as stakig is concerned, it does not care of what address received the group, but that they are a group. Though the groups are organized by address.

When you send coins, you can optionally select what groups the coins will come from to make up the inputs of that transaction. This is called "coin control" and can be enabled by selecting "Options" from the "Settings" menu option, then clicking on the "Display" tab of the options dialog, then you will see the checkbox to enable coin control. After applying that change, you will notice you have some new options on the "Send" dialog of your wallet. Click the "Inputs" button now displayed on the sending tab of your wallet. You will see these groups and gain a better understanding how it determines on what one earns.

All that said, the short of it is that one earns on all mature coins held in an unlocked and fully synced wallet.

Wait, so if I deposit more coins but do not withdraw, my current ~10k weight is gone ?

Edit: NM, it rests anyway on oayout it seems.

I know you can move coins around, I was just saying that all I know is one shouldn't if they want to maximize earnings.

I'm here for the long haul. So aside from sending earnings to the exchange. My personal wallet has been relatively untouched since my last deposit to it.

You can move your coins, of course! But when you do so, the coin age is reset to zero days. Minimum coin age for EverGreenCoin is 1 day. What this means is that you will not be able to stake at the new address for 1 day and you will lose all the old coin age from the first address. Coin age is the biggest variable in determining weight. Weight determines frequency of rewards. All still equals 7% annual.