[ANN][SILKCOIN][DARKSILK PREANN][TESTING STORMNODES/DarkSIlk MARKET/I2P] - page 121.

nzminer

legendary

Activity: 1918

Merit: 1001

Quote from: Nyterax on November 24, 2014, 11:28:25 PM

Is there any actual reasoning behind the number 111% and choosing it over any other arbitrary number for annual interest?

What's the plain to avoid hyperinflation?

Sorry if this was already asked.

It was a community choice by voting. Hyperinflation will be avoided because this will help its distribution.

Nyterax

member

Activity: 98

Merit: 10

Is there any actual reasoning behind the number 111% and choosing it over any other arbitrary number for annual interest?

What's the plain to avoid hyperinflation?

Sorry if this was already asked.

m33

legendary

Activity: 1064

Merit: 1000

Never invest with borrowed coins

anyway to stop stake from split?

bartolo

hero member

Activity: 1176

Merit: 501

Excited waiting for the news to come, I am sure that something great is coming, the silkcoin team is doing a great work.

SpencerLievensSLG

member

Activity: 76

Merit: 10

Also if anyone wants to suggest a pull on my code or any sort of edit I am open to opinion and suggestion.

SpencerLievensSLG

member

Activity: 76

Merit: 10

Quote from: yell4george on November 17, 2014, 11:48:31 PM

Quote from: SpencerLievensSLG on November 16, 2014, 05:28:03 PM

I have proposed a pull request on the existing code base after being asked to do so.

https://github.com/silkcointemple/silkcoin/pull/9/files

The current developers/owners know of this work and I am personally interested in your thoughts

(Do not build this as it will not connect, this is just for code analysis and review)

Hard Fork
PoS Interest Changes
Min Stake Change
PoS Block Timing Change
Removal of Market Data and Statistics tabs to seal up security risks

Everybody please review the proposed changes. This is a community decision so do not hesitate to share your thoughts and/or concerns. I do not have any experience reading code but I've summarized the changes as far as I can tell. If you have a trained eye please review in more detail and share your comments and suggestions.

Hard Fork December 1st 2014 @ 00:00:01
PoS Interest Changes Base stake mint rate, 111% year interest
Min Stake Change 8 Hour Minimum Stake Age Unlimited Max Stake Age
PoS Block Timing Change 3-minute block
Removal of Market Data and Statistics tabs to seal up security risks

Spencer, is the above correct? Also can you explain what this means to the newbies like me?
// BottleCaps: reward for coin-year is cut in half every 64x multiply of PoS difficulty
// A reasonably continuous curve is used to avoid shock to market
// Lower interest bound is 11% per year

Thanks,

This will answer your questions about lower bound interest and "to avoid shock to the market" - http://www.gla.ac.uk/media/media_217529_en.pdf

SpencerLievensSLG

member

Activity: 76

Merit: 10

Quote from: arteleis on November 18, 2014, 03:28:19 PM

Quote from: onewiseguy on November 18, 2014, 12:10:24 PM

I have my silk on an ssd not connected to internet. if i connect will it stake since its been offline? back in october first or it starts staking when it connects to the web.

yes after 12 hours. I believe the coin age may be lost. other then that will stake for sure yes.

Edited this to unlimited max stake age. Please re-review.

Also to get full stake interest you must connect your wallet and unlock it for staking at least once every 90 days.

EDIT: Read your post out of context :p

arteleis

hero member

Activity: 630

Merit: 505

Quote from: onewiseguy on November 18, 2014, 12:10:24 PM

I have my silk on an ssd not connected to internet. if i connect will it stake since its been offline? back in october first or it starts staking when it connects to the web.

yes after 12 hours. I believe the coin age may be lost. other then that will stake for sure yes.

onewiseguy

hero member

Activity: 728

Merit: 500

I have my silk on an ssd not connected to internet. if i connect will it stake since its been offline? back in october first or it starts staking when it connects to the web.

yell4george

full member

Activity: 232

Merit: 100

Quote from: SpencerLievensSLG on November 16, 2014, 05:28:03 PM

I have proposed a pull request on the existing code base after being asked to do so.

https://github.com/silkcointemple/silkcoin/pull/9/files

The current developers/owners know of this work and I am personally interested in your thoughts

(Do not build this as it will not connect, this is just for code analysis and review)

Hard Fork
PoS Interest Changes
Min Stake Change
PoS Block Timing Change
Removal of Market Data and Statistics tabs to seal up security risks

Everybody please review the proposed changes. This is a community decision so do not hesitate to share your thoughts and/or concerns. I do not have any experience reading code but I've summarized the changes as far as I can tell. If you have a trained eye please review in more detail and share your comments and suggestions.

Hard Fork December 1st 2014 @ 00:00:01
PoS Interest Changes Base stake mint rate, 111% year interest
Min Stake Change 8 Hour Minimum Stake Age Unlimited Max Stake Age
PoS Block Timing Change 3-minute block
Removal of Market Data and Statistics tabs to seal up security risks

Spencer, is the above correct? Also can you explain what this means to the newbies like me?
// BottleCaps: reward for coin-year is cut in half every 64x multiply of PoS difficulty
// A reasonably continuous curve is used to avoid shock to market
// Lower interest bound is 11% per year

Thanks,

nzminer

legendary

Activity: 1918

Merit: 1001

http://youtu.be/MRMgYk7sqds?list=PLz9JxPpKRG-SI-rXIJBLGA0eVz9U7BpMh

onewiseguy

hero member

Activity: 728

Merit: 500

Quote from: nzminer on November 16, 2014, 10:52:45 PM

Quote from: onewiseguy on November 16, 2014, 10:21:49 PM

whats going on with silk no news no updates no info. its killing me.

There is work being done, trust me we are far from dead, things may be quiet but its been heads down bottom up.

thank you

nzminer

legendary

Activity: 1918

Merit: 1001

Quote from: onewiseguy on November 16, 2014, 10:21:49 PM

whats going on with silk no news no updates no info. its killing me.

There is work being done, trust me we are far from dead, things may be quiet but its been heads down bottom up.

onewiseguy

hero member

Activity: 728

Merit: 500

whats going on with silk no news no updates no info. its killing me.

SpencerLievensSLG

member

Activity: 76

Merit: 10

I have proposed a pull request on the existing code base after being asked to do so.

https://github.com/silkcointemple/silkcoin/pull/9/files

The current developers/owners know of this work and I am personally interested in your thoughts

(Do not build this as it will not connect, this is just for code analysis and review)

Hard Fork
PoS Interest Changes
Min Stake Change
PoS Block Timing Change
Removal of Market Data and Statistics tabs to seal up security risks

mafort1469

sr. member

Activity: 364

Merit: 250

SILK WHO?

acquafredda

legendary

Activity: 1316

Merit: 1481

Knock knock

anarchyx

hero member

Activity: 480

Merit: 500

That would make a nice desktop background

BadAss.Sx

legendary

Activity: 1526

Merit: 1002

Bulletproof VPS/VPN/Email @ BadAss.Sx

Quote from: pandionrain on November 04, 2014, 02:35:06 AM

The SILK WEAVER cometh!

Hmm give me a full HD wallpaper of this

arteleis

hero member

Activity: 630

Merit: 505

Topic: [ANN][SILKCOIN][DARKSILK PREANN][TESTING STORMNODES/DarkSIlk MARKET/I2P] - page 121. (Read 289509 times)