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Topic: [ANN][ScryptAdaptive] KMC KimoCoin - KimotoCoin [5 EXCHANGES!] - page 7. (Read 85173 times)

member
Activity: 104
Merit: 10
jacob019: After block 100 000 I would like to propose the following scheme:

Every 2 000 block block reward drop by 10 000, so:
block 100 000  -- 100 000
block 102 000  -- 90 000
block 104 000  -- 80 000
block 106 000  -- 70 000
block 108 000  -- 60 000
block 110 000  -- 50 000
block 112 000  -- 40 000
block 114 000  -- 30 000
block 116 000  -- 20 000
block 118 000  -- 10 000
block 120 000  -- 5 000

What do you think?

The logic here is that for every range will be little more than a day.

Seems okay, but I'm worried that after block 120000 we won't have any miners.  Seems like we might be better dropping only to 20,000 then take a year or so to drop all the way to 5,000.

We, KMC community, already have a lot of coins, and after stabilization we will have over 6 BILLION of coin. I fear that with too high block reward for a long time, KMC will never out from the price of 1-2 litoshi. After such big injection, KMC need as fast as possible stabilization.
full member
Activity: 160
Merit: 100
jacob019: After block 100 000 I would like to propose the following scheme:

Every 2 000 block block reward drop by 10 000, so:
block 100 000  -- 100 000
block 102 000  -- 90 000
block 104 000  -- 80 000
block 106 000  -- 70 000
block 108 000  -- 60 000
block 110 000  -- 50 000
block 112 000  -- 40 000
block 114 000  -- 30 000
block 116 000  -- 20 000
block 118 000  -- 10 000
block 120 000  -- 5 000

What do you think?

The logic here is that for every range will be little more than a day.

Seems okay, but I'm worried that after block 120000 we won't have any miners.  Seems like we might be better dropping only to 20,000 then take a year or so to drop all the way to 5,000.

Sounds good, that way we won't have THAT much in proportion to everyone else. (hopefully)
sr. member
Activity: 252
Merit: 250
Cryptomancer
jacob019: After block 100 000 I would like to propose the following scheme:

Every 2 000 block block reward drop by 10 000, so:
block 100 000  -- 100 000
block 102 000  -- 90 000
block 104 000  -- 80 000
block 106 000  -- 70 000
block 108 000  -- 60 000
block 110 000  -- 50 000
block 112 000  -- 40 000
block 114 000  -- 30 000
block 116 000  -- 20 000
block 118 000  -- 10 000
block 120 000  -- 5 000

What do you think?

The logic here is that for every range will be little more than a day.

Seems okay, but I'm worried that after block 120000 we won't have any miners.  Seems like we might be better dropping only to 20,000 then take a year or so to drop all the way to 5,000.
member
Activity: 106
Merit: 10
full member
Activity: 160
Merit: 100
We have the kimocoin.com domain, but have not yet gotten access to the vps and github repo.  Forgetme has agreed to give me access to both, but it's unclear how long it will take.  Anyway, we should start planning for the future of the coin.  I believe it would be a good idea to do a hard fork at block 100,000.

I believe that we should adjust the block reward and maybe the algorithm:
1.  After block 100,000 jump immediately to 50,000 with a longer tail.  I'm very worried about moving quickly down to only 5,000.  Who amongst us will continue to mine with only 5,000 block reward?  Here we are at 80,000 and < 0.1 diff.
2.  Switch algorithm to X11, I actually like Scrypt-N but X11 does seem to be more popular and we might pick up more users that way.

What are your thoughts on these points?

If you are really going to do this, I'd suggest the following:

1. change algo to x11 or similar (in terms of power consumption and heat)
2. implement PoS to secure the blockchain after PoW phase
3. make sure that you get the complete pre-mine and put it into different addresses, visible for everyone!

I'm not fond of PoS coins, either. It encourages hording and makes it so you need to have a large stake in order to make any money by "mining".
member
Activity: 104
Merit: 10
jacob019: After block 100 000 I would like to propose the following scheme:

Every 2 000 block block reward drop by 10 000, so:
block 100 000  -- 100 000
block 102 000  -- 90 000
block 104 000  -- 80 000
block 106 000  -- 70 000
block 108 000  -- 60 000
block 110 000  -- 50 000
block 112 000  -- 40 000
block 114 000  -- 30 000
block 116 000  -- 20 000
block 118 000  -- 10 000
block 120 000  -- 5 000

What do you think?

The logic here is that for every range will be little more than a day.
legendary
Activity: 914
Merit: 1001
so the pre-mine is nearly 5% of all coins in circulation? Noone would join that ship ^^
I also see that bringing that coin back to life with the mentioned features is a lot of hard work, and it's most likely not possible to do that alone.
That's why I still suggest, to get the pre-mine and look for some help. With the pre-mine, we could pay another dev which could help you a lot.

I think pure PoW coins are not attracting people anymore, but PoS could help, and it would help to secure the blockchain after the block reward is too low.
I'm not sure if this coin is reviveable, but there might be a chance. But not with just lowered block rewards etc. (look at all the coins that tried that).
sr. member
Activity: 252
Merit: 250
Cryptomancer
Of course, money would still be there.  There would be a mandatory wallet update.  Premine was only 150M and I did not ask for it from forgetme.  He did send 10M.  Considering the circulation is now over 3 billion, the pre-mine is nothing to worry about.

Regarding gambling features.  I have neither the time nor the skill and since you are not offering to develop it that's out.  If you want this feature you need to find someone who can code it.

Regarding POS, that's beyond my abilities and I don't have the time to invest to learn it.  I'm sure I could modify the block reward, even the algo switch will be difficult, but I'll give it a shot.  Really need help with all of it.  I'm not very fond of POS coins, they're prone to forking and there's no built in incentive in the network to prefer one main chain.  I think pure POW is better, but this is our community coin now, so we will go with the majority decision.  The main blocker is that we need the code.
sr. member
Activity: 490
Merit: 250
but money still be there?
legendary
Activity: 914
Merit: 1001
everyone would need an updated wallet.
sr. member
Activity: 490
Merit: 250
We have the kimocoin.com domain, but have not yet gotten access to the vps and github repo.  Forgetme has agreed to give me access to both, but it's unclear how long it will take.  Anyway, we should start planning for the future of the coin.  I believe it would be a good idea to do a hard fork at block 100,000.

I believe that we should adjust the block reward and maybe the algorithm:
1.  After block 100,000 jump immediately to 50,000 with a longer tail.  I'm very worried about moving quickly down to only 5,000.  Who amongst us will continue to mine with only 5,000 block reward?  Here we are at 80,000 and < 0.1 diff.
2.  Switch algorithm to X11, I actually like Scrypt-N but X11 does seem to be more popular and we might pick up more users that way.

What are your thoughts on these points?

If you are really going to do this, I'd suggest the following:

1. change algo to x11 or similar (in terms of power consumption and heat)
2. implement PoS to secure the blockchain after PoW phase
3. make sure that you get the complete pre-mine and put it into different addresses, visible for everyone!

what will happen to old wallets?
legendary
Activity: 914
Merit: 1001
We have the kimocoin.com domain, but have not yet gotten access to the vps and github repo.  Forgetme has agreed to give me access to both, but it's unclear how long it will take.  Anyway, we should start planning for the future of the coin.  I believe it would be a good idea to do a hard fork at block 100,000.

I believe that we should adjust the block reward and maybe the algorithm:
1.  After block 100,000 jump immediately to 50,000 with a longer tail.  I'm very worried about moving quickly down to only 5,000.  Who amongst us will continue to mine with only 5,000 block reward?  Here we are at 80,000 and < 0.1 diff.
2.  Switch algorithm to X11, I actually like Scrypt-N but X11 does seem to be more popular and we might pick up more users that way.

What are your thoughts on these points?

If you are really going to do this, I'd suggest the following:

1. change algo to x11 or similar (in terms of power consumption and heat)
2. implement PoS to secure the blockchain after PoW phase
3. make sure that you get the complete pre-mine and put it into different addresses, visible for everyone!
newbie
Activity: 12
Merit: 0
I hope some guys can pick up KMC.I have some suggestions.New DEV should develop World Cup soccer gambling function on kmc wallet.If we were possible to do this, KMC will soon be heat. Wink


why do that? there is coming out a WorldCupCoin ( https://bitcointalksearch.org/topic/annwcc-worldcupcoin-embedded-betting-system-x11-powpos-escrow-ipo-609837 ) that will have that already...so i think this is not something related to this project...

We can do the soccer betting system.It's not just the world cup lottery.Gambling is an important application of BTC or KMC.Who is the first to do it, who will be able to set up his own position.
KMC is no time to waste.No application, no one pay attention to KMC,Even if one block output  1 kmc.
KMC is too concentrated,Only a few widely focus application can save Kmc.
 I am not programming, otherwise I would have made myself. I hope someone can do it.
Worldcupcoin or other coin is not an actual product, is only a concept.
This is our chance.
sr. member
Activity: 252
Merit: 250
Cryptomancer
We have the kimocoin.com domain, but have not yet gotten access to the vps and github repo.  Forgetme has agreed to give me access to both, but it's unclear how long it will take.  Anyway, we should start planning for the future of the coin.  I believe it would be a good idea to do a hard fork at block 100,000.

I believe that we should adjust the block reward and maybe the algorithm:
1.  After block 100,000 jump immediately to 50,000 with a longer tail.  I'm very worried about moving quickly down to only 5,000.  Who amongst us will continue to mine with only 5,000 block reward?  Here we are at 80,000 and < 0.1 diff.
2.  Switch algorithm to X11, I actually like Scrypt-N but X11 does seem to be more popular and we might pick up more users that way.

What are your thoughts on these points?
member
Activity: 104
Merit: 10
Diff is growing, I think this is a good sign Smiley
full member
Activity: 126
Merit: 100
I hope some guys can pick up KMC.I have some suggestions.New DEV should develop World Cup soccer gambling function on kmc wallet.If we were possible to do this, KMC will soon be heat. Wink


why do that? there is coming out a WorldCupCoin ( https://bitcointalksearch.org/topic/annwcc-worldcupcoin-embedded-betting-system-x11-powpos-escrow-ipo-609837 ) that will have that already...so i think this is not something related to this project...
newbie
Activity: 12
Merit: 0
I hope some guys can pick up KMC.I have some suggestions.New DEV should develop World Cup soccer gambling function on kmc wallet.If we were possible to do this, KMC will soon be heat. Wink
sr. member
Activity: 286
Merit: 250
Faircoin Development Team Member
Kewl to see the community pick up this coin Smiley
It'll be hard work, so I want to wish you all the best luck!
I know you'll manage - we did (FairCoin) too!
member
Activity: 104
Merit: 10
I want to tell you that I will let my 2 machines mining (summary ~80kh/s) till the end of story (which hope will never happen). If the faucet will work again, I will donate KMC.
Earlier in thread I told "dev" that 100k reward is toooo much, 50k would be a better choice, but...
For the new team, I think you need to drop this insane block reward, but I don't think you'll manage it until block 100 000, so maybe you'll rethink the after-inflation period, for a quicker drop to 5000 block reward?

P.S: I work intensively with Linux, so if you need help in that, I can help less or more.
P.P.S: Hope "re-branding"/hardfork will will be successfully.
full member
Activity: 126
Merit: 100
Lets do it! Smiley

BTW i think befor there is a big advertisement and commmunity spread we have to think what we will do with KimoCoin,
not only spread the word will help to give it life, we need service and something usefull to use KMC...

The Shop is a nice Idea, but i think this can only be used when there is a bigger support and KMC is well enstablished, because, users buy in kmc and the kmc needs to be exchanged to btc to buy the merchandise, so if there is no buy there is no btc, and the shop cant work...

it needs some real service that dont needs to dump kmc asap...

any ideas guys?
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