[ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) - page 214.

onsightit

sr. member

Activity: 308

Merit: 250

truth=(true?true:false);

Quote from: solarcoiner on September 22, 2015, 11:48:14 AM

Quote from: onsightit on September 22, 2015, 11:42:21 AM

I'd like to propose a solution and get some feed back. What if we all got back on the 1.5 blockchain (and resumed mining) then put an interest rate cap of 10% in a new 2.0.2 release set to fork at height 840000?

-Steve

I think rolling back to block 830000 and going back to 1.5 for the time being is the best solution. As for the interest why would we set that to 10%? that's way too much

10% would be a max. It may take longer to reach an equilibrium with inflation, but eventually the interest rate will reach the target of ~2.5%.

-Steve

vipgelsi

legendary

Activity: 1736

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The problem is this is how PoST is. We need more people to run there wallets and stake.

Maybe everyone that got large amounts of solarcoins could send them back to the generator pool.

y_virtual

sr. member

Activity: 377

Merit: 251

Note to self: it's not you doing it, it's us.

Quote from: onsightit on September 22, 2015, 11:42:21 AM

I'd like to propose a solution and get some feed back. What if we all got back on the 1.5 blockchain (and resumed mining) then put an interest rate cap of 10% in a new 2.0.2 release set to fork at height 840000?

-Steve

Going back to 830000 and 1.5 was what I was thinking of as a best temp solution, too.
Then for the 2.0.2 it should be as initially proposed, only working properly.
Thanks!

solarcoiner

sr. member

Activity: 445

Merit: 250

Quote from: vipgelsi on September 22, 2015, 11:45:28 AM

Quote from: onsightit on September 22, 2015, 11:42:21 AM

I'd like to propose a solution and get some feed back. What if we all got back on the 1.5 blockchain (and resumed mining) then put an interest rate cap of 10% in a new 2.0.2 release set to fork at height 840000?

-Steve

Just let it be everything will work itself out.

You must be kidding. We NEED to roll back to block 830000 and resume mining for the time being.

corather

legendary

Activity: 1708

Merit: 1000

Solarcoin.org

Quote from: onsightit on September 22, 2015, 11:42:21 AM

I'd like to propose a solution and get some feed back. What if we all got back on the 1.5 blockchain (and resumed mining) then put an interest rate cap of 10% in a new 2.0.2 release set to fork at height 840000?

-Steve

"Let's work the problem people. Let's not make things worse by guessing." Apollo 13 Film, Gene Kranz.

I think it's best to wait for Mr. Gogerty's decision on this.

y_virtual

sr. member

Activity: 377

Merit: 251

Note to self: it's not you doing it, it's us.

Quote from: onsightit on September 22, 2015, 11:00:49 AM

If you have held coins since the beginning of PoW, those coins will effectively be catching up on interest they would have earned in a PoS protocol. That explains some of the larger payouts. We are watching the inflation rise and interest fall as we get closer to equilibrium, but because there are so few of the 34M coins in circulation that are staking, the few people that are staking are being rewarded for securing the network and keeping inflation in check.

-Steve

Hi Steve,
It's easy to make these claims, but they do contradict any calculations you and Doug came up with, not to mention that current results contradict any possible logic. If my wallet's address with 1,000,000 coins in it had staked instead of the one with 200,000, I would have gotten 35,000,000 coins for finding that block. Please get back to work, find a way to first revert back to block 830000 and secure the blockchain, then find and fix the error in the code. That's not easy, I know, but that's what all of us here need to be done.
Thank you!

solarcoiner

sr. member

Activity: 445

Merit: 250

Quote from: onsightit on September 22, 2015, 11:42:21 AM

I'd like to propose a solution and get some feed back. What if we all got back on the 1.5 blockchain (and resumed mining) then put an interest rate cap of 10% in a new 2.0.2 release set to fork at height 840000?

-Steve

I think rolling back to block 830000 and going back to 1.5 for the time being is the best solution. As for the interest why would we set that to 10%? that's way too much

vipgelsi

legendary

Activity: 1736

Merit: 1001

Quote from: onsightit on September 22, 2015, 11:42:21 AM

I'd like to propose a solution and get some feed back. What if we all got back on the 1.5 blockchain (and resumed mining) then put an interest rate cap of 10% in a new 2.0.2 release set to fork at height 840000?

-Steve

Just let it be everything will work itself out.

mazzaneo

sr. member

Activity: 300

Merit: 250

Quote from: onsightit on September 22, 2015, 11:42:21 AM

I'd like to propose a solution and get some feed back. What if we all got back on the 1.5 blockchain (and resumed mining) then put an interest rate cap of 10% in a new 2.0.2 release set to fork at height 840000?

-Steve

Well we'd better do something.
What would an interest rate cap of 10% mean regarding rewards?

onsightit

sr. member

Activity: 308

Merit: 250

truth=(true?true:false);

Quote from: sunny-boy on September 22, 2015, 11:39:56 AM

Quote from: roislecxe on September 22, 2015, 11:27:34 AM

Congratulations everyone.
Im staking sinds the moment the 830.000 hit yesterday, and received not one coin Embarrassed

Still 'staking' at the bottom of the wallet.
That everyone got x3 (or so) means in fact my coins are /3 worth now, or am i wrong?

Steve, how soon till the "dust settles"?

Lol, it's flying.

onsightit

sr. member

Activity: 308

Merit: 250

truth=(true?true:false);

I'd like to propose a solution and get some feed back. What if we all got back on the 1.5 blockchain (and resumed mining) then put an interest rate cap of 10% in a new 2.0.2 release set to fork at height 840000?

-Steve

sunny-boy

newbie

Activity: 37

Merit: 0

Quote from: roislecxe on September 22, 2015, 11:27:34 AM

Congratulations everyone.
Im staking sinds the moment the 830.000 hit yesterday, and received not one coin Embarrassed

Still 'staking' at the bottom of the wallet.
That everyone got x3 (or so) means in fact my coins are /3 worth now, or am i wrong?

Steve, how soon till the "dust settles"?

roislecxe

newbie

Activity: 5

Merit: 0

Congratulations everyone.
Im staking sinds the moment the 830.000 hit yesterday, and received not one coin Embarrassed

Still 'staking' at the bottom of the wallet.
That everyone got x3 (or so) means in fact my coins are /3 worth now, or am i wrong?

sunny-boy

newbie

Activity: 37

Merit: 0

Quote from: mazzaneo on September 22, 2015, 11:13:38 AM

Quote from: onsightit on September 22, 2015, 11:05:05 AM

Quote from: solarcoiner on September 22, 2015, 10:57:47 AM

Quote from: mazzaneo on September 22, 2015, 10:54:29 AM

at this point it might be a good idea to contact the exchanges and tell them to freeze the exchange of solarcoin temporarily

I already contacted Bittrex a few hours ago... bleutrade is a joke anyway haha

It is a good idea to not send coins to exchanges, but more importantly, we need more of the 34M available coins to start staking. Then we can put together some numbers to better explain what the protocol is doing. If all 34M coin are staking, we will get to 2% inflation and 2-4% interest much sooner.

-Steve

Isn't it a bit late for that? The damage is already done.
Now that pretty much everyone is a millionaire.

Lol, not quite there yet - I'm at +18% since yesterday (20hours), so quite high but still good for me.

If POST is indeed working, perhaps we should "give back" undue interest (honestly)

Steve, is there a way to keep track of the newly created coins and the wallet addresses to which these have been sent ? If so, "sending back" (to where?) or simply destroying these coins might put us back on track

mazzaneo

sr. member

Activity: 300

Merit: 250

Quote from: onsightit on September 22, 2015, 11:05:05 AM

Quote from: solarcoiner on September 22, 2015, 10:57:47 AM

Quote from: mazzaneo on September 22, 2015, 10:54:29 AM

at this point it might be a good idea to contact the exchanges and tell them to freeze the exchange of solarcoin temporarily

I already contacted Bittrex a few hours ago... bleutrade is a joke anyway haha

It is a good idea to not send coins to exchanges, but more importantly, we need more of the 34M available coins to start staking. Then we can put together some numbers to better explain what the protocol is doing. If all 34M coin are staking, we will get to 2% inflation and 2-4% interest much sooner.

-Steve

Isn't it a bit late for that? The damage is already done.
Now that pretty much everyone is a millionaire.

onsightit

sr. member

Activity: 308

Merit: 250

truth=(true?true:false);

Quote from: solarcoiner on September 22, 2015, 10:57:47 AM

Quote from: mazzaneo on September 22, 2015, 10:54:29 AM

at this point it might be a good idea to contact the exchanges and tell them to freeze the exchange of solarcoin temporarily

I already contacted Bittrex a few hours ago... bleutrade is a joke anyway haha

It is a good idea to not send coins to exchanges, but more importantly, we need more of the 34M available coins to start staking. Then we can put together some numbers to better explain what the protocol is doing. If all 34M coin are staking, we will get to 2% inflation and 2-4% interest much sooner.

-Steve

onsightit

sr. member

Activity: 308

Merit: 250

truth=(true?true:false);

If you have held coins since the beginning of PoW, those coins will effectively be catching up on interest they would have earned in a PoS protocol. That explains some of the larger payouts. We are watching the inflation rise and interest fall as we get closer to equilibrium, but because there are so few of the 34M coins in circulation that are staking, the few people that are staking are being rewarded for securing the network and keeping inflation in check.

-Steve

solarcoiner

sr. member

Activity: 445

Merit: 250

Quote from: mazzaneo on September 22, 2015, 10:54:29 AM

at this point it might be a good idea to contact the exchanges and tell them to freeze the exchange of solarcoin temporarily

I already contacted Bittrex a few hours ago... bleutrade is a joke anyway haha

mazzaneo

sr. member

Activity: 300

Merit: 250

at this point it might be a good idea to contact the exchanges and tell them to freeze the exchange of solarcoin temporarily

mazzaneo

sr. member

Activity: 300

Merit: 250

just got another 200k worth,
pretty much doubled my original amount in less than 1 day... that can't be right

Topic: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) - page 214. (Read 466822 times)