NextGen, Steemd, if you would like to be a witness I will vote for your continued efforts if you would be willing to reveal a bit about yourself and are interested in a long-term job running a node.
If you are interested in becoming a witness please share with everyone a little about yourself. There are 19 slots available.
Topic: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch) - page 18. (Read 133095 times)
April 01, 2016, 05:26:38 PM
April 01, 2016, 05:12:52 PM
Hi I am also interested in running a witness. Sounds like an interesting project.
April 01, 2016, 04:48:06 PM
I want to run a witness (spectral).
Also, WTB some steem PM me
Also, WTB some steem PM me
How much do you want to buy in terms of USD/BTC?
When you do buy, make sure you VEST them immediately to prevent dilution, or if you don't vest make sure you assume a much larger supply of STEEM when pricing.
A couple of BTC, depending on what the lowest price is. PM me offers.
April 01, 2016, 04:05:34 PM
I want to run a witness (spectral).
Also, WTB some steem PM me
Also, WTB some steem PM me
How much do you want to buy in terms of USD/BTC?
When you do buy, make sure you VEST them immediately to prevent dilution, or if you don't vest make sure you assume a much larger supply of STEEM when pricing.
April 01, 2016, 03:44:31 PM
I want to run a witness (spectral).
Also, WTB some steem PM me
Also, WTB some steem PM me
April 01, 2016, 11:19:43 AM
no..
i transferred to vesting.
vests amount didn't change. while i lost some steem
i transferred to vesting.
vests amount didn't change. while i lost some steem
What command did you type. Account name?
will send in PM to not show my account here
I investigated the PM and found everything to be as expected. But to clarify for others:
VESTS are not denominated in STEEM but represent a *share* in a pool of STEEM.
When you buy into the pool, you "buy VESTS" at the current price defined by STEEM_IN_POOL / TOTAL_VESTS and thereby do not dilute other people in the pool. Your STEEM go into the pool and you get a corresponding share in the POOL.
The network adds new STEEM to the pool without adding VESTS and by this means pays a "dividend" to all holders of VESTS while simultaneously increasing the price of VESTS in STEEM.
Early on a fixed rate of production causes very large percentage increases in supply, but as supply grows percentage increase falls. In other words the price of VESTS in STEEM is rising very quickly right now, so if you plan on converting to VESTS you should
do it quickly.
April 01, 2016, 10:52:56 AM
LOL I thought this had to do with STEAM the gaming platform!
was confused at first haha
was confused at first haha
April 01, 2016, 10:52:22 AM
no..
i transferred to vesting.
vests amount didn't change. while i lost some steem
i transferred to vesting.
vests amount didn't change. while i lost some steem
What command did you type. Account name?
will send in PM to not show my account here
April 01, 2016, 10:47:52 AM
no..
i transferred to vesting.
vests amount didn't change. while i lost some steem
i transferred to vesting.
vests amount didn't change. while i lost some steem
What command did you type. Account name?
April 01, 2016, 10:43:42 AM
no..
i transferred to vesting.
vests amount didn't change. while i lost some steem
i transferred to vesting.
vests amount didn't change. while i lost some steem
April 01, 2016, 10:25:49 AM
The latest master branch contains enhancements to POW that should boost mining efficiency by 33%.
The difficulty is down (queue length 92) because we reached our target stake and are now happy to let others mine the rest.
Make sure you convert to vesting and commit to hold for an average of 1 year.
Estimated supply 1 year from now is between 400M and 500M depending upon various factors.
The difficulty is down (queue length 92) because we reached our target stake and are now happy to let others mine the rest.
Make sure you convert to vesting and commit to hold for an average of 1 year.
Estimated supply 1 year from now is between 400M and 500M depending upon various factors.
i tried to transfer to vesting today.
from and to account with already vested steem..
tried to transfer some more on same account. the amount i transferred is not showing in vests...
so missing the coins
VESTS represent a share in the VESTING FUND, if you were able to immediately convert 100% of your VESTS back to STEEM you would end up with the same amount of STEEM you started with.
Using the "info" command in the CLI wallet you can get the following stats:
"total_vesting_fund_steem": "1336248.000 STEEM",
"total_vesting_shares": "361249.423691 VESTS",
This means each VESTS is worth 1336248/361249 = 3.69 STEEM at the moment. So calculate your STEEM balance and you will find that you have actually earned significant amount of STEEM as a result of your transfer to vesting.
All currencies that have a fixed block reward start out with near "infinite inflation" that asymptotically approaches 0% as supply grows.
When you convert STEEM to VESTS you lock in your % ownership in exchange for long-term commitment.
The ratio of STEEM to VESTS will continue to grow.
April 01, 2016, 10:04:16 AM
The latest master branch contains enhancements to POW that should boost mining efficiency by 33%.
The difficulty is down (queue length 92) because we reached our target stake and are now happy to let others mine the rest.
Make sure you convert to vesting and commit to hold for an average of 1 year.
Estimated supply 1 year from now is between 400M and 500M depending upon various factors.
The difficulty is down (queue length 92) because we reached our target stake and are now happy to let others mine the rest.
Make sure you convert to vesting and commit to hold for an average of 1 year.
Estimated supply 1 year from now is between 400M and 500M depending upon various factors.
i tried to transfer to vesting today.
from and to account with already vested steem..
tried to transfer some more on same account. the amount i transferred is not showing in vests...
so missing the coins
April 01, 2016, 10:04:05 AM
The latest master branch contains enhancements to POW that should boost mining efficiency by 33%.
The difficulty is down (queue length 92) because we reached our target stake and are now happy to let others mine the rest.
Make sure you convert to vesting and commit to hold for an average of 1 year.
Estimated supply 1 year from now is between 400M and 500M depending upon various factors.
The difficulty is down (queue length 92) because we reached our target stake and are now happy to let others mine the rest.
Make sure you convert to vesting and commit to hold for an average of 1 year.
Estimated supply 1 year from now is between 400M and 500M depending upon various factors.
Is there any difference between vesting in one larger chunk or several smaller chunks? Is it worth waiting to hit a few rewards before vesting?
April 01, 2016, 08:58:27 AM
The latest master branch contains enhancements to POW that should boost mining efficiency by 33%.
The difficulty is down (queue length 92) because we reached our target stake and are now happy to let others mine the rest.
Make sure you convert to vesting and commit to hold for an average of 1 year.
Estimated supply 1 year from now is between 400M and 500M depending upon various factors.
The difficulty is down (queue length 92) because we reached our target stake and are now happy to let others mine the rest.
Make sure you convert to vesting and commit to hold for an average of 1 year.
Estimated supply 1 year from now is between 400M and 500M depending upon various factors.
March 31, 2016, 05:25:39 PM
In case anyone cares, we are reducing our own mining efforts by 50% which should make it easier for others to mine.
Sounds good to me.
If there's anyone paying attention that can compile this for windows, please shoot me a message.
March 31, 2016, 04:28:36 PM
In case anyone cares, we are reducing our own mining efforts by 50% which should make it easier for others to mine.
March 31, 2016, 03:36:26 PM
what does this mean?
orphan block or what?
Code:
"total_missed": 86,
orphan block or what?
It means you were scheduled to produce a block, but failed to produce a block at that time.
If you node was running and you didn't have --witness specified then that could also cause it.
There is some probability that your block didn't propagate to the next producer in time.
There is some probability that your NTP is not properly synced.
There is some probability that your network connection was interrupted.
If you are mining on a different node than you are witnessing then you may have to specify the --private-key so that the witness can produce blocks.
March 31, 2016, 03:01:22 PM
what does this mean?
orphan block or what?
Code:
"total_missed": 86,
orphan block or what?
March 31, 2016, 01:43:50 PM
Account steemit now has "vesting_shares": "260554.000000 VESTS"
The network now has "total_vesting_shares": "336943.000000 VESTS"
The network currently has 401,632.500 STEEM in accounts and/or vesting.
Total Liquid Steem right now: 64,657.000 STEEM (16% of supply) most of which is held by people on Bitcoin Talk.
Eclipse Crytpo need not worry about us dumping any faster than anyone else.
The network now has "total_vesting_shares": "336943.000000 VESTS"
The network currently has 401,632.500 STEEM in accounts and/or vesting.
Total Liquid Steem right now: 64,657.000 STEEM (16% of supply) most of which is held by people on Bitcoin Talk.
Eclipse Crytpo need not worry about us dumping any faster than anyone else.
So you've vested yourselves easy mining for eternity already.
You do realize that no one will take a chance to challenge you on mining on this second "launch" because if you fell behind you could just relaunch again and again. Also, all the free mining you do after delegated mining kicks in can just be dumped.
I'm surprised these bitcointalk idiots can't figure this out. Actually, I'm not surprised.
1. once delegated mining kicks in, all mining rewards are paid as VESTS and not STEEM so no dumping
2. we are not going to vote for ourselves when it comes to delegated mining
Want to try again?
1. It doesn't matter because you can withdraw your immense VESTS on schedule and still dump them because you will control all new production.
2. You can't be trusted as shown time and time again. For instance, when you get challenged on mining you re-launch.
There's really nothing about this coin that can be trusted from the way you have acted, and you will control virtually all money supply.
That's a bad combination.
I'll be straight up, we are planning on selling a large amount of our STEEM until our own stake falls to 25% or less.
We also plan to give a way a large amount of our STEEM.
So I guess you can use the derogatory term "dump" but, hey, isn't that what the majority of miners do with the majority of the coins they mine?
Isn't that what you plan to do with the STEEM you mined?
So you see, there is a double standard where the developers who have invested heavily in producing something new and unique are the only ones who are not allowed to get paid by selling off the product of their labor while someone like yourself who invested almost nothing to acquire the STEEM you did receive can dump at will.
The saddest thing of all is that you get to make money by selling the STEEM you have mined and rather than gratitude we get posts full of misinformation and false accusations. Out of curiosity, how much did you spend on mining STEEM? How much STEEM do you have?
March 31, 2016, 12:21:22 PM
Account steemit now has "vesting_shares": "260554.000000 VESTS"
The network now has "total_vesting_shares": "336943.000000 VESTS"
The network currently has 401,632.500 STEEM in accounts and/or vesting.
Total Liquid Steem right now: 64,657.000 STEEM (16% of supply) most of which is held by people on Bitcoin Talk.
Eclipse Crytpo need not worry about us dumping any faster than anyone else.
The network now has "total_vesting_shares": "336943.000000 VESTS"
The network currently has 401,632.500 STEEM in accounts and/or vesting.
Total Liquid Steem right now: 64,657.000 STEEM (16% of supply) most of which is held by people on Bitcoin Talk.
Eclipse Crytpo need not worry about us dumping any faster than anyone else.
So you've vested yourselves easy mining for eternity already.
You do realize that no one will take a chance to challenge you on mining on this second "launch" because if you fell behind you could just relaunch again and again. Also, all the free mining you do after delegated mining kicks in can just be dumped.
I'm surprised these bitcointalk idiots can't figure this out. Actually, I'm not surprised.
1. once delegated mining kicks in, all mining rewards are paid as VESTS and not STEEM so no dumping
2. we are not going to vote for ourselves when it comes to delegated mining
Want to try again?
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