Topic: [ANN][MZC][SHA-256] MAZACOIN *First Sovereign Currency* ANDROID WALLET AVAIL.!! - page 29. (Read 278518 times)

Please take a look at the various mergeminable coins. This may have happened to the first merge mined coins, but look at namecoin now. Have a look at the blake merge minable coins.

In fact, mergemining is likely to be an anti-dumping manuever, especially if pools pay their miners the merged coin. This distributes the coin much more widely, rather than into the same couple of hands that are currently dumping maza now

Dumping occurs when too few hands hold an assets perceived to be dropping in value. Those few hands can push the rest of the market easily. If you distribute the asset widely, more disparate ideas on how to manage it come into the market, and few people have the same idea at the same time. Regardless of how the hashrate comes up, this will be the case. We should be seeking the most permanent source of hashrate that there is - and IMO for a sha-256 coin that's mergemining with bitcoin.

If your highest priority is to change the block reward you're going to go in the opposite reaction, and it will create heavier market pressure from the current holders who've been mining and buying based on the original block reward.

But here we are focusing again on the price of the coin and the trading realities like how to stop miners dumping.

Give them reason to hold that is fundamental, and not speculative. Changing the block reward only changes the nature of the speculation. It does not change the fundamentals of the asset. Please listen to the sense that boxxa is speaking.

Please Understand that I am a newbie and prolly do not understand the totality of this project. I do know some basics of cryptocurrency but not the programming or development. Would it be possible to hard fork and turn into a hybrid POS /POW? Something like allowing the Lakota (or other Tribes) to continue mining up to a certain amount and changing the rest to a POS. Sorry if this is a stupid idea, just trying to shoot some ideas around..

Personally I am still torn on the Merge Mining idea, while I like the added hashrate and security it would bring to the blockchain, I don't like that there will be a lot of miners that just see it as another coin to dump for more BTC as they are mainly mining BTC.  Adoption of the coin in transactions outside of exchanges and on the reservation would help the value and possibly stop some of this dumping though.  I am still open to suggestions on this but it is not one of my top priorities at this time.

So, that being said, if you have something you would like to contribute to the team, drop me a line, either here, or IRC, and we'll go from there.

While I'm not 100% in favor of changing the block reward, it's certainly not the worst idea running If this has the support of payu, and the consensus of the community, then....fork away.

I'm not real big on the idea of dropping the block time to 1 minute. What's the advantage to be gained here? The 1 minute and and fast blockchains are very taxing on my network. In particular, the 1 minute time on Zetacoin is enough that I put that down as quickly as I put it in my pool rotation.

In general I'd like to see activity that attracts consumers. Increase usage will certainly attract traders and more importantly - miners. . I really don't think that the structure of the blockchain is the difficulty. Low hashrate presents exceptional opportunistic mining for multipools and the more selfish miners I believe I see on the maza chain. 

What I would think would get maza more attention (and increase price accordingly, and then typically miners follow) has nothing to do with the blockchain.

Real-world casino gaming machines that accept maza. There's casinos all over where I live, with a local tribe opening a new one now. I'd like to be able to go talk to them and present Mazacoin in such a way that they could easily see
 - how it works
 - how it secures their income
 - how easily they can adopt
 - how they can profit buying maza early for later jackpots and winnings (profit potential)
 - how maza can increase their margins through decrease handing costs, and increased impulse sales

Developers, miners, and traders are consumers largely of the tech of a coin/blockchain - they're not so much the "users" of it. Focusing on how users of maza can better achieve their goals will be the most effective way to secure the blockchain itself. More users, more attention, more price, and then the key to security follows: hashrate.

I still think mergemining will attract solid pools (as opposed to profitswitching multipools) and provide a much needed baseline hashrate. It will take some time to attract those pools. We will open a pool for maza when new your new code is available (and tested) - we'd prefer to see it mergemined, but we will put our support behind maza now that development has recommenced. (and, yes, I do mean mergemined with bitcoin in particular, but I'd be open to some other parent chains, or sibling chains)

While I continue to focus on casino adoption, I also note that Payu mentioned that some food vendors would be accepting maza this summer. It's powow season. though someone derided this as small and insignificant, I think it's a key to real usage. One of the best ways to spread a message is through food. "Put your money where your mouth is" I guess Indian communities are pretty small - it doesn't take much to get the message to the people of influence in those communities. I'll certainly find myself in some of these situations this summer. I'd like to have the confidence to spread the message to those vendors. (mmmm fry bread!)

anyhow. just my 2maza worth for today. Thanks for the help owlhooter, definitely we need someone to put forth the real effort you are. It would make me very happy to see the maza that we've promised to give back to the community it's intended to benefit worthwhile to give, and that is again starting to look like a possibility.

I think I am trying to understand....
is this the reason we see such a zigzag curve in the difficulty of mazacoin...

It's like it repeats everyday like clockwork (more or less)

Low difficulty causes too many miners to jump on the train, which in turn causes a large difficulty increase later, which then causes the block creation to get clogged, until the miners start leaving the train again (because they don't like what they see), so the drama can repeat again the moment the difficulty falls to a low level again.

So how exactly can this be solved? At all?
Is it something that will go away automatically the older mazacoin gets?

hm, still a lot to learn...

We should see a block every 2 minutes, but with current diff calculations if we get increased hashrate for awhile and diff rises and then the hashrate drops it takes awhile for the diff to drop back down to compensate for the loss of hashrate so you end up with an hour between blocks, and since the diff changes every 4 blocks, you have at least 4 blocks at a higher diff than current hashrate can solve for in a 2 minute window.

Did I understand this correctly?
We see a new block about once every 1-2 hours, which is not what we should see...
we should more see a block every 10 minutes or so?

why is this happening?
Are the diff calculations causing completely irregular block times?

Until they add some diff recalc, the multipools are going to keep screwing up on this. It does popup on CoinWarz as profitable every now and then and any pools that use their API will trigger the switch to it.

Yes there was a statement from him and tweet by @mazacoin


Here is some suggestions to get this coin back on track. They need to create a new sign of life in the project. Someone needs to come on board, round up everyone together who contributes and figure out the base path of what everyone can do and what needs to be done including Payu. This whole lead developer title and "Master Coin Maker" if stupid.


1) Establish a new image. The website has to go. It is awful and looks like a joke. There was community submitted designs and translations I was emailed and pushed to get in place after I spoke to the MZC community in the IRC chat answering questions and getting some take aways from the people. I am sure we can round up some ideas and get something up quicker with more information, interactive pages with content and merge it with MazaTalk to land a unified coin site and community around. This is also a time to update the coins logo while keeping the traditional element in it, but there was also some coin icons that provided a more modern look and now is a time to rebrand the coin while keeping tradition.

2) As I said, regroup with who is on the team. Figure out what people are capable of and come up with a list of tasks to accomplish. There is some major client fixes required, a testing team needed to run the testnet and make sure the forked chain will be accepted and run right and a laundry list of about 100 things that need to be addressed. Figure out what those items are, assign priorities, and determine what can be done and when. Pretty much SCRUM the dev's and contributors.

3) Setup a community again. The IRC chats were rocking in the past but limited with info and updates. There is devs but it is time to expand outside of that and provide a unified team that meets the goals above. Running a coin is like running a startup or any project. There is all tasks and should not be in the face of just one person making all the calls and wearing all the hats. There will never be daily updates but there needs to be community leaders and devs.

4) Do not hype changes and bullshit. Get together and form the plan of above and launch the new website, roadmap, and project face in full steam. The trust is gone. Some people think Payu is full of it and the novelty died off. There needs to be something new and while yes, there was a lot that Payu did, he needs to meet with the whole team and stay in touch to also be part of the roadmap from the dev side but also the work he does. He is the one fighting the battle in the public, he needs to also understand that people are going to ask questions. Again, not daily updates but a communication release and a state of the coin and how much of the road map is progressing is huge.

5) Follow the roadmap. Be transparent. Admit when something isn't going right and stay ahead of the FUDers. There will always be trolls but feeding them questionable posts and information, they will rip it apart. Stay consistent on changes, make corrections when needed, and rebrand the project to what it should be and keep the mission of Payu going forward.

Just my 2 cents. Take it as you wish.

This whole lead developer title and "Master Coin Maker" if stupid.

Yes there was a statement from him and tweet by @mazacoin

Is this official?

I just wanted to come back to say congratulations to MZC for the wonderful news that AP has finally left the team.

It was an empty promise - it is not, and never was, in the code. IIRC boxxa said that he'd put the auxpow code in, but AP never pulled it into the main tree.

I had the code staged and was working on a pool for Mazacoin that also would contribute to a Bitcoin pool. I was told by AP there will be no fork and to stop working on the Linux client as that is not going to be updated this year and we will never touch the block chain to enable any new features.

It was an empty promise - it is not, and never was, in the code. IIRC boxxa said that he'd put the auxpow code in, but AP never pulled it into the main tree.

Is merge mining mazacoin even working?
To this day I haven't seen any realworld example of a pool merge-mining mazacoin, so I am not even sure if this was just another promise without real development?

Good point. I'll change it to abe which is more user friendly