I put some pressure on our programmers today to get an update. I believe they have had enough time to be at some point besides a couple screen shots. Stafur needs to start seeing some code, as well do I. I have only been able to see the front end. The price of the coin put us behind since the bounties are in TRUST. I had to scramble to get some BTC guarantee agreements made. I hope to see some activity in GIThub soon.
Great! Looking forward to reviewing the code! Thanks!
A new discussion, TRUST 2015 was planning on being a POS. With the recent X11 scam coins, I wonder if we should add a PoW segment to 2015. We are still planning to go ahead in 2015 with a 6% APR (inflation) PoS x11 Coin for 12 months. Thoughts?
I think 6% is too high after the first year. I think that the main purpose of POS at that point should be for securing the network instead of minting and hoarding should be discouraged as much as possible. An APR of 0.5% to 2% that starts after 1 hour and lasts 14 days would likely suffice to encourage some staking, but discourage hoarding.
Further, I would also like to propose dropping the APR to 12% after 3 months, 6% after 6 months, and 3% after 9 months. That is dropping to 12% in October 4th, 2014, 6% January 4th, 2015, and 3% on April 4th, 2015. The final APR would then be fixed, as per community consensus, on July 4th, 2015 and thereafter.
As for mining, that also sounds like a good idea. I think that instead of another short term mining period, a longer period with a fixed number of rewards per block that encourage spending and assist the PoS process with PoW to secure the block-chain, may be more beneficial.
Furthermore, I would like to encourage looking for a consensus on creating a gradual transition to a new block-chain that starts in 6 months and which maintains both block chains active for an additional 6 months prior to fully transitioning to the new block chain. [edit] Link to picture of the gradual transition suggestion:
https://www.dropbox.com/s/efushhccz8djv1g/Gradual-block-chain-Transitions-Sergio-Tafur.pngHow does setting up a simple vote to let the community chime in on these ideas sound? (I would also like to encourage the community to establish an open decision making methodology for this coin)
Thoughts and comments are always welcome!