Topic: [ANN][NYAN] NyanCoin - ★★★V1.2 Released! Now Listed on Cryptsy! ★★★ - page 5. (Read 80918 times)

The next MEOW?

https://www.cryptsy.com/markets/view/NYAN_LTC

Why not?

PoS is "Proof of Stake", the other major transaction processing type compared to PoW (proof-of-work) like Bitcoin is. Proof-of-work depends upon lots of hashing power to operate (specialized hardware is needed and lots of power and all that). Proof-of-stake depends upon holding a sufficient amount of the coin itself instead. So the hardware costs are much lower, and a normal computer can do the transaction processing.

I think there's a good argument it's technically superior, but on the other hand, there's a lot of this specialized hardware around (called ASICs), and so I think the current system is fine too.

For an example of a PoS coin, Peercoin is one of the biggest. There are also variations on the theme, like Bitshares, which calls its system DPoS, delegated proof-of-stake, where they elect certain community members to do the transaction processing.

whats PoS?

PoS is gone.

Although the original poll was in favour of it, it had a very small number of votes and therefore lacked in credibility.
Someone did apparently create a PoS version, but that was started well over a year ago, no code was ever published and nothing has been said or heard about it since 2014.
A poll elsewhere supported a change to X11 - again with very few votes and that never happened either.

Without the support of the majority (probably 90%+), any such change is doomed.   If some change and others do not, the result will be two separate chains, total confusion and the end of the world as we know it.

Excellent question. No, it is not PoS now, nor do I expect it to become PoS. The basic reason for this is that maxvall_dev disappeared on us and never released any code publicly.

There are advantages and disadvantages to this. The biggest disadvantage, in my opinion, is that I can't mine, since I don't have the specialized hardware. The biggest advantage is that we aren't facing the risk of a hard-fork.

We had a few weeks where we were kept getting our difficulty spiked, and then crazy long (12-24 hours) between blocks, but now we have a dedicated miner and our rate is looking good again (checkout this awesome status page we have: http://www.nyancoin.info/status.nyan; we used to be in the red often times from very long gaps in our blocks; now we're green or sometimes briefly yellow, but we don't seem to be hitting multiple hour gaps anymore and hopefully that's behind us now). I also found a work-around for this at the time, using a "large" transaction fee (a few hundred to a few thousand NYAN, which is a reasonable price for me since I give away 10,000 NYAN as my minimum tip generally) to make it profitable to break the logjam.

Obviously we wouldn't have faced those difficulties with PoS. But I think PoW will work out fine for us now that we're over the hump, and this hardware is going to become more and more commonplace over time, so I think we'll keep up fine. It also means that I'm able to just pull in the latest Litecoin code pretty easily (I think, but I won't really believe it until the builds are done and it's been working for a while). Also, it means we don't lose Prohashing, which has been a very awesome pool for us (they're not the ones responsible for the hit-and-runs driving up the difficulty; instead, they got out of it. They also are very informative. I can't say enough good about them).

I spent my first few months with Nyancoins letting it play out however it would. If maxvall_dev had released the code, I would've supported the fork. But since he disappeared on us, as far as I'm concerned, it makes sense to stick to PoW and make use of what we've got. One of the major factors too is not wanting to try to deal with Cryptsy on a hard-fork. We need to get another exchange anyhow, but I don't think we can afford to lose our only current exchange, and given Cryptsy's history, I felt that was a significant danger.

And is it now PoS or not? I remember there was such plans months ago, but not sure if this happened?

We're not quite dead yet. In fact, I think we're getting better! (https://www.youtube.com/watch?v=grbSQ6O6kbs)

I came to this coin as a challenge. I'd originally heard of it from americanpegasus (infamous Redditor in crypto circles) being mocked for having supported it. And when I did my coin-a-day article on it (/r/cryptocurrency series for which this handle was originally created; since removed but slowly being republished as "coin-a-week" once every month or so), I was expecting it to be a dead coin. Everyone was making comments like seen above in the subreddit and I thought they must know what they were talking about.

But when I went to go actually look into it, I found that there was the absolute bare minimum enough to survive: there was an exchange, Cryptsy (which certainly has its issues, but keeps running), and there was a pool, prohashing (which I have extraordinary respect for after working with them; very technically savvy and helpful; truly a wonderful member of the cryptocurrency community) [actually also xpool but they seemed to have very low and inconsistent hashing power], and there was a block explorer, nyancha.in, now-defunct.

Since then, there has been incredible growth, not merely in terms of price appreciation, but also, and more importantly, in terms of community and technical development.

It's true that we don't really have a core dev at this point, but we also don't really seem to need one at this moment. A more pressing concern was when the block explorer went down. This was a major crisis for us, yet the community stepped up and put up block explorers quite quickly (https://nyan.space/chain/Nyancoin and http://bitfarm.mooo.com/nyan/block_crawler.php). We also got another major hub site for Nyancoins (http://www.nyancoin.info/), which includes a helpful status page (we'd been getting some serious hit-and-run issues which this helped monitor; within the last few hours it's possible we've picked up a dedicated miner and I also learned to use transaction fees to get us unstuck after a difficulty spike).

It's true that in the long-run we'll need to be able to do core updates. I've started looking into this and it looks like it should be pretty simple to rebase onto the latest Litecoin. I'm not aware of any pressing need for a client update, but I think it's important precisely because otherwise people will question whether or not we can do it. I'm targeting the end of August as the deadline for having updated clients released, but I'm hoping it can be done in half that or a bit less.

After I do the core client update, I'll work on getting an Android wallet released based on the litecoin one. I don't know when that will be ready, but, like all of this project, it's going to be an awesome learning experience for me. I've never even owned a smartphone; a Nyancoins wallet is the killer app for me!

The community has gone from being as dead as this thread to being quite active and involved. One of the cool projects right now in the works by /u/KojoSlayer is to create a Nyancoins Minecraft server which will be like a badass faucet in that you get paid Nyancoins for playing there. I've been wanting to get a faucet for the community (and that's another task on my plate as well), and I wanted us to have something fun rather than the crappy ad-filled stuff like everyone else. This is looking incredible.

If anyone would like some free Nyancoins, I encourage them to checkout http://reddit.com/r/getfairshare, a universal basic income project based on cryptocurrency which I have stocked with Nyancoins as an early faucet. The total distribution tends to be around 300-500 bits in value per day.

I apologize for not being more active over here. There's just a lot of things to do with Nyancoins, and I've got a lot of things going on in my life too. But I'll try to stay more on top of this. The main hub is definitely the subreddit though, and there are a lot of users there who can help assist you if I'm not around right then.

This is absolutely still a reviving coin. We have our challenges and we're working on them. I've even got a thread dedicated to collecting the major risk factors: http://www.reddit.com/r/nyancoins/comments/36e7ed/overview_of_major_risks_of_buying_nyancoins/. I hadn't actually put the lack of a core dev on there; I still don't think that's a major issue at this point compared to the rest, but I'll add it in now. One of the major ones right now are about 6 million Nyancoins sitting as a ceiling at 40 satoshi; that ~2.5 BTC ask is far more than our typical daily volume. But we'll get through that like we've gotten through everything else.

For a dead coin, we're sure pretty alive and kicking. 

And updated holdings disclosure: I now hold about 60 million Nyancoins, which is about 25% of the currently available supply. I believe strongly in this coin and I've put my money, time, and reputation where my mouth is.

TO INFINITY AND BEYOND!

Not really. It's now active on reddit instead.

https://www.reddit.com/r/nyancoins

LOL... WHERE DEV THIS COIN? SCAM?   

Is this coin dead?

Mark here (IndiaMikeZulu). Just passing through. As a minor dev, I am always eager to learn where I can. Russian and Chinese threads? Nice! The Nyan cat is splendidly colourful, eye-catching.

And puttin' it on the Rich List People to pony up for development? Yaaaaaaaah!

M

I don't know who the whales are at this point. I mean, I've bought up 15%. But 75%+...is it waiting to dump into me? Are they lost keys? I know a lot is sitting on the market on Cryptsy. I don't think I'll be able to do fundraising from whoever they are. It's the other way around: I'll be buying them out on the way up. :-)

Right now I'm just amazed that I haven't seen another 1M+ dump into me for about a day now.

But I've built up enough NYAN that I'm certainly willing and able to help fund community development in NYAN however I can. I just got a new NYAN tipbot, tipnyan, going on reddit. I've hit some frustration with blockchain transactions sending to it right now though, so I've got yet another reminder of the good reasons we need to go over to PoS as soon as we can.

And yes, I'm absolutely trying to rebuild the coin in a positive feedback loop to build the value of the NYAN I've bought along the way. :-)  

Edit:


If this is still an issue, please let me know and I'll try to help resolve it.

Edit 2: Transactions are mostly going through fine for me. I'd had a wallet sync issue before I switched nodes, but I haven't had a problem with addnode="71.175.81.45". When I was funding tipnyan starting it up, I happened to hit a gap of more than an hour in blocks, which is pretty crazy on a coin with 1 minute block average targets, but basically due to having so little hashing power on it making it pretty susceptible to difficulty spikes at this point.

But tipnyan is working for me; I was able to do a large giveaway on /r/dogecoin with it. I'm going to use it for sending nyan and people can withdraw at their convenience. I trust the VPS host I have; hopefully I won't screw up the sysadmin side. So far the bot has basically run itself perfectly well as far as I can tell. It's nice software.

It's going to be interesting to see where this goes.

Oh, and updated disclosure with more details on the subreddit: I'm now at about 19% and rising in ownership of available NYAN.

Great news! By the way, why not try to make some fundraising from the "whales")) I believe that the biggest account holders would be interested to revive the coin - their assets will be worth a lot more...

Over on Reddit, a particularly inspired individual has taken up the mission to revive the coin.   
 
http://www.reddit.com/r/nyancoins/ 
 
Also, the coin has the greatest 24 hour %-gain out of all alt-coins:  http://i.imgur.com/CHerftq.png

Will this little space cat fly again? 
http://i.imgur.com/w5xNN8w.png

BRAND NEW EXCHANGE!!

https://btcpool.exchange/market?pair=NYAN/BTC

https://btcpool.exchange/market?pair=NYAN/LTC


WE ARE LIVE!!

we are there for all the crypto community!!

BRAND NEW EXCHANGE!!

https://btcpool.exchange


WE ARE LIVE!!

Adding to exchange as I type as soon as sync'ed will have BTC and LTC markets there!!

There has been some renewed interest in this coin, but a lot of work would be needed to update it and bring it all up to speed. 
 
The art, subreddit, and most assets are already in place though.

I have the same problem I just downloaded the latest client and I cannot connect to the network. Does anyone know what the problem is?

Anyone has working nodes? I can't sync my wallet