Topic: [ANN][TRK] ★ Truckcoin ★ Pure PoS up to 200% per year ★ Cryptopia - page 51. (Read 141276 times)

Guys.. does ANYONE else care about what is going on here? There IS a reason im asking. Please speak up. Now IS the time.

So I just looked at Bittrex :0 Volume . This coin is dying, and it seems like everyone is asleep. Maybe you guys need a wake up call? Let me see if I can get your attention. We need VOLUME, and we need it to speak loud. If we dont start getting serious, we are going to find out the TRUE value of this coin. Frankly I dont give a shit about backlash and haters, Ill deal with you too.


Vegas

Any word on  when a wallet fix will be released to return back to 200% pos? My wallet is locked because of double digit interest rates. So Im losing money daily. Noise plz advise.

Vegas

I think a good compromise might be lowering max stake reward to, perhaps, 100 fixed @ 200%. Those who do the work, adjust their blocks accordingly, get max rewards. Those that don't mitigate inflation. Then there will be plenty of small blocks to move the chain.

Not really sure what your comment means. Im not locking my wallet as a sign of rebellion. I locked it so I wont be minting at 49% interest rate. Simple as that.

Vegas

That will be only known after few weeks.

What am I thinking   If mama ain't happy ain't nobody happy.  Your right lets all shut our wallets down and see what happens. 

I would guess that this was an attempt at improving the price based on lowering the rate at which new coins were minted.  If this is not what the community wants we could at least play along long enough for the dev to make a change imho.

Merry Christmas, peace... 

Well..Ill be keeping mine locked until I see it get to 200%. Right now its at 53%. Looks like a big cat and mouse game for the next few weeks until this gets fixed. I still don t understand why this needed changing, it was flawless for months.

Vegas

I for one will continue to stake with rather small blocks.  Something got to keep the chain moving it might as well be us peons with hardly enough trk to make a difference. 

Blockchain moving right along fine now! Not used to not seeing it not move for a hour. Plus I get nervous when I deposited
more TRK into my wallet and was not showing up. I waited till the last day of the mandatory upgrade. I am bad? Like to make
sure the wallet has the bugs out before I upgrade. Sorry, I do not like to be the first to try out a new wallet upgrade. Hate to
lose half a million coins. Yes I do back up my wallet, before I close it out, just in case something happens.

I really liked the person running Cryptex, a real honest person! Not a lot of those people around, unlike the person who bought
out MintPal. Still waiting to get my BTC and other coins, been a couple of months now! Do not think I will ever see them again!

Thanks, noise23
Peace, Dennis

Was just a casual slowdown - there were no mature coins on the network, so no new block. Blocks are coming now.
Too bad Cryptex is out of business, we need to get a backup exchange...

The blockchain is moving really slow now, does not seems very healthy for the network. Deposits and withdrawals moving at a snail's pace.
Blockchain has not moved for more than 40+ minutes. I have my coins stacked in smaller than 4k as to help to keep chain moving along
at a steady pace. 1.5k-3k blocks or stakes. Just curious as to what is slowing it down? If it gets to slow or stops Bittrex might delist TRK.
Need to figure something out quick before that happens. As they are the only exchange that I am aware of that still has TRK on it.
Cryptex shut down earlier this week. I am guessing that most TRK holders have their wallets closed or have not upgraded?

Peace,
Dennis

Will think it through, looks interesting but kinda unfair for small holders.

It's not possible to change pos reward immediately because all peers/nodes have to be upgraded to the new client version first.
Just keep 4000 coins blocks - if it stake at low diff it will generate 200% reward.

btw, right now pos reward is 200% -
"PoS difficulty" : 0.00024414,
"stakeinterest" : 200,

Quote from: forbesmining on Today at 06:11:50 PM
  What? The staking % is just casually lowered 100%...this is NOT what I stacked TRK for, change it back!!

OK, it looks like it's better to revert it back to flat 200% (200 TRK per block reward limit will stay).
I will prepare the update and will release a new wallet next week.
Will be a hard fork so the actual change date will be set in Jan/2015.
If you don't want to stake at the current rate just don't stake before the switch date. --->wtf

One last thought on my original idea. What about a wallet check for total amount held that determines the reward %? This would have nothing to do with coin block size, or how much is staking, but would reward larger wallets with a higher percent, and a lower % for smaller wallets. This is UNIQUE and has never been done before. I agree , my original idea would kill the network, and/or make it crawl. With this idea the more you hold , the higher your % APR. Maybe start the higher pos rewards at holders of 200,000 coins or more, this will help keep inflation under control, and reward the tiny few that REALLY support truck. Those that dont have the 200,000 coins would be encouraged to buy more, hence higher prices and more demand and more vol on Rex. Also PLEASE PLEASE dont have us wait a month to switch back to 200%. Please release a wallet update and make changes effective now with wallet update (if you can).. or within 48 hrs at the most.  

As it stands right now ALL of my blocks are 4000 coins, and Im generating about 75 coins every 9 days from them

Whats worse , is when they do stake, I have NO IDEA what size to block them back into.

Thanks in advance

Vegas

OK, it looks like it's better to revert it back to flat 200% (200 TRK per block reward limit will stay).
I will prepare the update and will release a new wallet next week.
Will be a hard fork so the actual change date will be set in Jan/2015.
If you don't want to stake at the current rate just don't stake before the switch date.

This scheme would encourage people to combine all their coins into one huge block as everyone wants a higher pos reward, it's extremely unhealthy for coin network.
Basically, it would mean that every TRK holder has only 1 block that stakes every 9 days, so the daily number of the new blocks in the blockchain would be the number of TRK holders / 9.
Transaction confirmations will take forever, etc., coin will not survive on such a slow blockchain.
We need a good amount of pos blocks to move the blockchain as TRK has no pow part, actually that's the main reason max stake amount limit was implemented for.
Might be an interesting idea for a hybrid pos/pow coin but not suitable for pure pos.

Vegas, I like your idea!  I do wonder if the dev can pull it off, though...this could be a template for a new coin ...
Let's hope noise23 gives this deep consideration, AND, in the meantime, pull down that 200% banner, it no longer works 

Its just my opinion, but I dont see anything wrong with 200% fixed. I checked the total coins, and its around 16mil. Thats not a lot for an older coin with 200% POS. What about a fluctuation with a MINIMUM and a maximum and no max block size. Having a fluctuating interest rate and a max block size makes it horribly confusing. Noobs are added daily, and I dont think they will understand if its far too complex. The goal is to bring value to the coin, so that more people want it, without causing inflation. The biggest holders who support the coin, should get the biggest rewards. So Maybe an idea is Larger block size = larger interest rate, but make it a large enough block size where people MUST buy loads of it to qualify. Examples:

A coin block size of 500,000 would bring 800% yearly apr.
A 200,000 coin block size would bring 400% interest yearly
A block size of 100,000 would bring 300% yearly.
A block size of 50,000 coin blocks would reward 275% APR
A block size of 20,000 coin blocks 250%
A block size of 10,000 coin blocks 225% yearly
A block size of 9999-3999 coin blocks :200% APR
A block size of 3999-1999 block coin 100%. apr,
A block size of >2000 coin block either 50% fixed or fluctuate 10%-50%.

Optional (Block size of 1 MIL 1000% APR, and 2 Mil block size 5000%). MAYBE only 1-3 people would get this, and if they do, they have supported truck in a big way , and deserve the rewards!

Other options are a fixed POS of 200% APR with a bonus if 100,000 coin blocks are used then its 300% apr. Just some ideas.

These are rough numbers, but the idea is those that want a high pos coin, can choose the interest rate they want. If they want ultra high interest rates like 800% they will have to buy a shitload of coins from Bittrex,  THIS will cause the price to SKYROCKET because there just isnt enough to supply everyone with a wallet of 500,000 or more. The people that are out just buying a few coins here and there will get a little on their return. Big supporters , will gain the most, and it gives the big supporters BIG choices. If I knew tomorrow that I could get 800% apr on truck for having a 500,000 coin block size, I would clean out that Bittrex sell wall. These are just ideas, and they are unique , I dont think any other coin has done this before. If you chose to do this you MUST post whatever numbers you choose on the OP with exact numbers and exact percentages. Speaking of that, you might want to remove that giant banner on the OP that says 200% POS

For now it might be a REALLY good idea to switch it back to 200% fixed asap with a new wallet release until decisions are made about our future.

Just reading this , if this was real, doesnt it want to make you buy more truck to get higher interest rate? It leaves non supporters with well, what they put in.

Vegas

  What? The staking % is just casually lowered 100%...this is NOT what I stacked TRK for, change it back!!

Stake interest rate is not fixed to 200% anymore, it depends on network difficulty, this is a part of inflation control activated on Dec/18.
Difficulty is high these days and todays interest rate is floating around 100% (you can get the exact number at 'getmininginfo').
To be honest I didn't expect difficulty to went that high for the long time, current rate is definitely too low.
Need some time to monitor difficulty behavior then going to release a new version with more lenient interest rate calculation.