Ok have we decided then, 7% decline of block reward per week it is? Then i implement it when we release the new wallet.
That sounds like a really good plan, I like it
Topic: [ANN][ICASH] iCash | Anonymous | X11 | Masternodes | Darksend | InstantX - page 43. (Read 94720 times)
April 02, 2015, 06:34:41 PM
That sounds like a really good plan, I like it
April 02, 2015, 04:40:52 PM
Ok have we decided then, 7% decline of block reward per week it is? Then i implement it when we release the new wallet.
I like that a lot. More need to chime in.
April 02, 2015, 04:29:05 PM
Ok have we decided then, 7% decline of block reward per week it is? Then i implement it when we release the new wallet.
April 02, 2015, 03:24:22 PM
I actually don't think we should cut the coin supply 
. It wouldn't be fair to all people that comes later, if we got our coins so easy plus this coin never meant to be a get rich quick scheme. Quite the opposite, my thought was that if the miners produce a lot of coins then thay would be cheap so you dare to use them. And in time if the interest goes the diff goes up and the coin supply gets smaller.
. It wouldn't be fair to all people that comes later, if we got our coins so easy plus this coin never meant to be a get rich quick scheme. Quite the opposite, my thought was that if the miners produce a lot of coins then thay would be cheap so you dare to use them. And in time if the interest goes the diff goes up and the coin supply gets smaller.Every successful coin has been generous to early adopters. That's how you encourage adopters. It sounds bad but its true. If being fair to latecomers helped adoption, we'd all be using Franko.
Time scales for crypto are not such that you can have a long-term approach to the money supply. You need to get the money out there in a fair way and pretty quickly.
Perhaps we could do a 7% decline in block reward each month instead of each year
?That amounts to a 58% decline per year. It's still pretty slow. A 14% decline per month would probably be better. 7% per week would be even better. Beyond that, I'd say it's starting to get pretty fast.
You just need fair distribution, not long distribution. Fairness just means everyone has access to the same information and opportunity to mine.
That i can work with
, thats a pretty good idea. April 02, 2015, 03:10:29 PM
I actually don't think we should cut the coin supply . It wouldn't be fair to all people that comes later, if we got our coins so easy plus this coin never meant to be a get rich quick scheme. Quite the opposite, my thought was that if the miners produce a lot of coins then thay would be cheap so you dare to use them. And in time if the interest goes the diff goes up and the coin supply gets smaller.
. It wouldn't be fair to all people that comes later, if we got our coins so easy plus this coin never meant to be a get rich quick scheme. Quite the opposite, my thought was that if the miners produce a lot of coins then thay would be cheap so you dare to use them. And in time if the interest goes the diff goes up and the coin supply gets smaller.Every successful coin has been generous to early adopters. That's how you encourage adopters. It sounds bad but its true. If being fair to latecomers helped adoption, we'd all be using Franko.
Time scales for crypto are not such that you can have a long-term approach to the money supply. You need to get the money out there in a fair way and pretty quickly.
Perhaps we could do a 7% decline in block reward each month instead of each year
?That amounts to a 58% decline per year. It's still pretty slow. A 14% decline per month would probably be better. 7% per week would be even better. Beyond that, I'd say it's starting to get pretty fast.
You just need fair distribution, not long distribution. Fairness just means everyone has access to the same information and opportunity to mine.
April 02, 2015, 02:50:43 PM
I actually don't think we should cut the coin supply . It wouldn't be fair to all people that comes later, if we got our coins so easy plus this coin never meant to be a get rich quick scheme. Quite the opposite, my thought was that if the miners produce a lot of coins then thay would be cheap so you dare to use them. And in time if the interest goes the diff goes up and the coin supply gets smaller.
. It wouldn't be fair to all people that comes later, if we got our coins so easy plus this coin never meant to be a get rich quick scheme. Quite the opposite, my thought was that if the miners produce a lot of coins then thay would be cheap so you dare to use them. And in time if the interest goes the diff goes up and the coin supply gets smaller.The supply is fine the production rate is the problem. 1 million coins are being distributed every day. The price can't keep up with that amount especially if the early adopters start capitulating one by one because they know their coins will worth less and less everyday. That goes for invetors, why would they invest if the value of a coin is expected to shrink? I don't think the price can be maintained with the current production rate and in that case what's the incentive to holding coins? The market cap is tiny, so I think even with a heavily cut production rate people who want can invest and own a significant amount of coins relatively cheaply.
Right now on block 7684 the and diff is 631.05065947, block reward has gone down to 1688 ICASH. Thats almost 1000 ICASH less then the block reward we started with.
April 02, 2015, 01:56:04 PM
I actually don't think we should cut the coin supply . It wouldn't be fair to all people that comes later, if we got our coins so easy plus this coin never meant to be a get rich quick scheme. Quite the opposite, my thought was that if the miners produce a lot of coins then thay would be cheap so you dare to use them. And in time if the interest goes the diff goes up and the coin supply gets smaller.
. It wouldn't be fair to all people that comes later, if we got our coins so easy plus this coin never meant to be a get rich quick scheme. Quite the opposite, my thought was that if the miners produce a lot of coins then thay would be cheap so you dare to use them. And in time if the interest goes the diff goes up and the coin supply gets smaller.The supply is fine the production rate is the problem. 1 million coins are being distributed every day. The price can't keep up with that amount especially if the early adopters start capitulating one by one because they know their coins will worth less and less everyday. That goes for invetors, why would they invest if the value of a coin is expected to shrink? I don't think the price can be maintained with the current production rate and in that case what's the incentive to holding coins? The market cap is tiny, so I think even with a heavily cut production rate people who want can invest and own a significant amount of coins relatively cheaply.
April 02, 2015, 01:42:43 PM
I actually don't think we should cut the coin supply . It wouldn't be fair to all people that comes later, if we got our coins so easy plus this coin never meant to be a get rich quick scheme. Quite the opposite, my thought was that if the miners produce a lot of coins then thay would be cheap so you dare to use them. And in time if the interest goes the diff goes up and the coin supply gets smaller.
. It wouldn't be fair to all people that comes later, if we got our coins so easy plus this coin never meant to be a get rich quick scheme. Quite the opposite, my thought was that if the miners produce a lot of coins then thay would be cheap so you dare to use them. And in time if the interest goes the diff goes up and the coin supply gets smaller.Every successful coin has been generous to early adopters. That's how you encourage adopters. It sounds bad but its true. If being fair to latecomers helped adoption, we'd all be using Franko.
Time scales for crypto are not such that you can have a long-term approach to the money supply. You need to get the money out there in a fair way and pretty quickly.
Perhaps we could do a 7% decline in block reward each month instead of each year
? April 02, 2015, 01:26:07 PM
I actually don't think we should cut the coin supply . It wouldn't be fair to all people that comes later, if we got our coins so easy plus this coin never meant to be a get rich quick scheme. Quite the opposite, my thought was that if the miners produce a lot of coins then thay would be cheap so you dare to use them. And in time if the interest goes the diff goes up and the coin supply gets smaller.
. It wouldn't be fair to all people that comes later, if we got our coins so easy plus this coin never meant to be a get rich quick scheme. Quite the opposite, my thought was that if the miners produce a lot of coins then thay would be cheap so you dare to use them. And in time if the interest goes the diff goes up and the coin supply gets smaller.Every successful coin has been generous to early adopters. That's how you encourage adopters. It sounds bad but its true. If being fair to latecomers helped adoption, we'd all be using Franko.
Time scales for crypto are not such that you can have a long-term approach to the money supply. You need to get the money out there in a fair way and pretty quickly.
April 02, 2015, 01:22:06 PM
The coin supply should stay the same. Reducing the block reward to that of Dash after initially having much larger block rewards would be the same as an instamine for the early adopters.
You'll love Franko then (http://frankos.org/). It halves every 22 years, not every 2 years like BTC.
Code:
int64 static GetBlockValue(int nHeight, int64 nFees)
{
int64 nSubsidy = 0.25 * COIN;
// Subsidy is cut in half every 22471626 blocks, which will occur approximately every 22 years
nSubsidy >>= (nHeight / 22471626); // Franko: 22m blocks in ~22 years
return nSubsidy + nFees;
}
April 02, 2015, 01:04:06 PM
what does everyone else think so we can vote?
I vote yes. That's unanimity at the moment, so let's do it.
There is no PoS for Dark by the way.
I figured POS would be a no go. Well looks like this is in the lead for voting so far.
make block reward like dash
like this:
like this:
Code:
nSubsidy = (2222222.0 / (pow((dDiff+2600.0)/9.0,2.0)));
if (nSubsidy > 25) nSubsidy = 25;
if (nSubsidy < 5) nSubsidy = 5;
+1 Seems like the easiest route. Considering icash is a clone. :-)
No brainer, go with the easiest safest route, this looks like the one. Cutting the supply like Evan. Key point in starting out is just a safe functional Darkcoin clone and then we can worry about variations down the road if need be.
What do you think dev? Every day there are ~1 mil coins generated... Dont wait to long with your descision
I actually don't think we should cut the coin supply
. It wouldn't be fair to all people that comes later, if we got our coins so easy plus this coin never meant to be a get rich quick scheme. Quite the opposite, my thought was that if the miners produce a lot of coins then thay would be cheap so you dare to use them. And in time if the interest goes the diff goes up and the coin supply gets smaller.The coin supply should stay the same. Reducing the block reward to that of Dash after initially having much larger block rewards would be the same as an instamine for the early adopters.
April 02, 2015, 12:40:32 PM
what does everyone else think so we can vote?
I vote yes. That's unanimity at the moment, so let's do it.
There is no PoS for Dark by the way.
I figured POS would be a no go. Well looks like this is in the lead for voting so far.
make block reward like dash
like this:
like this:
Code:
nSubsidy = (2222222.0 / (pow((dDiff+2600.0)/9.0,2.0)));
if (nSubsidy > 25) nSubsidy = 25;
if (nSubsidy < 5) nSubsidy = 5;
+1 Seems like the easiest route. Considering icash is a clone. :-)
No brainer, go with the easiest safest route, this looks like the one. Cutting the supply like Evan. Key point in starting out is just a safe functional Darkcoin clone and then we can worry about variations down the road if need be.
What do you think dev? Every day there are ~1 mil coins generated... Dont wait to long with your descision
I actually don't think we should cut the coin supply
. It wouldn't be fair to all people that comes later, if we got our coins so easy plus this coin never meant to be a get rich quick scheme. Quite the opposite, my thought was that if the miners produce a lot of coins then thay would be cheap so you dare to use them. And in time if the interest goes the diff goes up and the coin supply gets smaller. 
April 02, 2015, 07:33:07 AM
what does everyone else think so we can vote?
I vote yes. That's unanimity at the moment, so let's do it.
There is no PoS for Dark by the way.
I figured POS would be a no go. Well looks like this is in the lead for voting so far.
make block reward like dash
like this:
like this:
Code:
nSubsidy = (2222222.0 / (pow((dDiff+2600.0)/9.0,2.0)));
if (nSubsidy > 25) nSubsidy = 25;
if (nSubsidy < 5) nSubsidy = 5;
+1 Seems like the easiest route. Considering icash is a clone. :-)
No brainer, go with the easiest safest route, this looks like the one. Cutting the supply like Evan. Key point in starting out is just a safe functional Darkcoin clone and then we can worry about variations down the road if need be.
What do you think dev? Every day there are ~1 mil coins generated... Dont wait to long with your descision
April 01, 2015, 06:39:36 PM
There doesn't seem to be a block explorer that can be used to check anything...
http://ipay.explorer.ssdpool.com:9149/ - is crashed.
http://blocktree.io/e/ICASH - is stuck on block 6973.
Yobit seems to be stuck as well.
http://ipay.explorer.ssdpool.com:9149/ - is crashed.
http://blocktree.io/e/ICASH - is stuck on block 6973.
Yobit seems to be stuck as well.
c-cex is working
April 01, 2015, 06:36:19 PM
There doesn't seem to be a block explorer that can be used to check anything...
http://ipay.explorer.ssdpool.com:9149/ - is crashed.
http://blocktree.io/e/ICASH - is stuck on block 6973.
Yobit seems to be stuck as well.
http://ipay.explorer.ssdpool.com:9149/ - is crashed.
http://blocktree.io/e/ICASH - is stuck on block 6973.
Yobit seems to be stuck as well.
April 01, 2015, 06:24:28 PM
Now everything is okay again and the blockchain is running.
Changes?
No changes
You have to be a little more specific dude.. How come the network was stuck for a few hours? You said its all fixed.. But my wallet is still out of sync.. Adding the binpool as a node isnt working either...
Someone is trying to trick the network and not pay the masternodes. Therefore, I have a reference node to ensure that they are paid otherwise that block is not approved. But because their hashpower was stronger my node got kick out and blocked the whole network.
Do -reindex or delete in your everything .icash folder except wallet.dat and icash.conf and you should get on the blockchain again.
Code:
{
"chain" : "main",
"blocks" : 7204,
"bestblockhash" : "00000000002c907131eebfec26088a0defa2f3dd4e3dc771a1d0ccb032b71106",
"difficulty" : 146.75052264,
"verificationprogress" : 1.00000000,
"chainwork" : "00000000000000000000000000000000000000000000000000054ce72032840e"
} April 01, 2015, 05:50:17 PM
Now everything is okay again and the blockchain is running.
Changes?
No changes
You have to be a little more specific dude.. How come the network was stuck for a few hours? You said its all fixed.. But my wallet is still out of sync.. Adding the binpool as a node isnt working either...
April 01, 2015, 05:45:25 PM
Now everything is okay again and the blockchain is running.
Changes?
No changes
April 01, 2015, 05:39:47 PM
Now everything is okay again and the blockchain is running.
Changes?
April 01, 2015, 04:33:51 PM
Now everything is okay again and the blockchain is running.
Jump to: