BlueCoin (ß) |Hybrid Cold Staking | Bluetooth | 3% Annual Rewards - page 58.

mibz0r

newbie

Activity: 31

Merit: 0

Quote from: BlueCoiner on July 06, 2014, 03:29:27 PM

Quote from: mibz0r on July 06, 2014, 12:59:17 PM

Anybody got any nodes for this as my wallet seems to refuse to sync and I have coins in transit Sad

We have emailed all the mining pools and are waiting for them to switch to the new code. Please have patience and this should be rectified shortly.

Update: Some pools are reporting issues with the upgrade.

We are looking into the errors and will update as soon as we have information on the fix.

We appreciate your patience.

I'm patient as long as i don't lose coins Wink

BlueCoiner

sr. member

Activity: 489

Merit: 271

Quote from: mibz0r on July 06, 2014, 12:59:17 PM

Anybody got any nodes for this as my wallet seems to refuse to sync and I have coins in transit Sad

We have emailed all the mining pools and are waiting for them to switch to the new code. Please have patience and this should be rectified shortly.

Update: Some pools are reporting issues with the upgrade.

We are looking into the errors and will update as soon as we have information on the fix.

We appreciate your patience.

mibz0r

newbie

Activity: 31

Merit: 0

Anybody got any nodes for this as my wallet seems to refuse to sync and I have coins in transit Sad

BlueCoiner

sr. member

Activity: 489

Merit: 271

Windows Wallet v1.1.3.0 http://coinia.net/bluecoin/bluecoin-win-v1.1.3.0.zip released!

RonMank

sr. member

Activity: 588

Merit: 250

Published in the Altcoin Section for News about the mandatory update to 1.1.3

https://bitcointalk.org/index.php?topic=677851.new#new

RonMank

sr. member

Activity: 588

Merit: 250

Bluecoin Mandatory Update Announcement REPORTED by BITCOINFEEDS!!!

http://bitcoinfeeds.com/bluecoin-blu-mandatory-update

Reddit UPVOTE: http://www.reddit.com/r/CryptoCurrency/comments/29v3km/bluecoin_blu_mandatory_update_public_release_as/

BlueCoiner

sr. member

Activity: 489

Merit: 271

Quote from: Bitcoin_Mafia_Me on July 04, 2014, 08:09:12 AM

Quote from: BlueCoiner on July 04, 2014, 01:09:20 AM

BlueCoin Version 1.1.3 MANDATORY UPGRADE!

https://github.com/bluecoiner/bluecoin

Changes:

1. Confirmation times dropped to 60 seconds (faster transactions).

2. Proof of Stake reward starting block changed to 50,000 (reduced from 100,000 blocks).

2. Proof of Work (mining) will stay active forever. This will effectively turn Blue into a hybrid PoS/PoW coin.

3. Proof of Stake rewards changed to the following:

Year 1 : 5% PoS Interest
Year 2 : 3% PoS Interest
Year 3 : 1.5% PoS Interest

4. Proof of Work Rewards after block 50,000

Year 1: 100 BLU per mined block (5%)
Year 2: 50 BLU per mined block. (2.5%)
Year 3: 25 BLU per mined block. (1.5%)

New wallets on their way!

https://github.com/bluecoiner/bluecoin

Awesome! BTW folks - the BLU giveaway is still going strong. Plenty of BLU to give away so
come and get yours!

http://bitcoinmafia.com/bittys-blog/1000000-bluecoin-giveaway/

(no addresses in thread please)

Wonderful!

RonMank

sr. member

Activity: 588

Merit: 250

I see this as a better plan for the future of blue...

Long term cryptos have the advantage, especially long-term in Blue.

Quote from: BlueCoiner on July 04, 2014, 01:09:20 AM

BlueCoin Version 1.1.3 MANDATORY UPGRADE!

https://github.com/bluecoiner/bluecoin

Changes:

1. Confirmation times dropped to 60 seconds (faster transactions).

2. Proof of Stake reward starting block changed to 50,000 (reduced from 100,000 blocks).

2. Proof of Work (mining) will stay active forever. This will effectively turn Blue into a hybrid PoS/PoW coin.

3. Proof of Stake rewards changed to the following:

Year 1 : 5% PoS Interest
Year 2 : 3% PoS Interest
Year 3 : 1.5% PoS Interest

4. Proof of Work Rewards after block 50,000

Year 1: 100 BLU per mined block (5%)
Year 2: 50 BLU per mined block. (2.5%)
Year 3: 25 BLU per mined block. (1.5%)

New wallets on their way!

https://github.com/bluecoiner/bluecoin

Bitcoin_Mafia_Me

sr. member

Activity: 560

Merit: 252

BitcoinerX.com - PM for Ad Info

Quote from: BlueCoiner on July 04, 2014, 01:09:20 AM

BlueCoin Version 1.1.3 MANDATORY UPGRADE!

https://github.com/bluecoiner/bluecoin

Changes:

1. Confirmation times dropped to 60 seconds (faster transactions).

2. Proof of Stake reward starting block changed to 50,000 (reduced from 100,000 blocks).

2. Proof of Work (mining) will stay active forever. This will effectively turn Blue into a hybrid PoS/PoW coin.

3. Proof of Stake rewards changed to the following:

Year 1 : 5% PoS Interest
Year 2 : 3% PoS Interest
Year 3 : 1.5% PoS Interest

4. Proof of Work Rewards after block 50,000

Year 1: 100 BLU per mined block (5%)
Year 2: 50 BLU per mined block. (2.5%)
Year 3: 25 BLU per mined block. (1.5%)

New wallets on their way!

https://github.com/bluecoiner/bluecoin

Awesome! BTW folks - the BLU giveaway is still going strong. Plenty of BLU to give away so
come and get yours!

http://bitcoinmafia.com/bittys-blog/1000000-bluecoin-giveaway/

(no addresses in thread please)

RoyalSands

full member

Activity: 154

Merit: 100

Quote from: BlueCoiner on July 04, 2014, 01:09:20 AM

BlueCoin Version 1.1.3 MANDATORY UPGRADE!

https://github.com/bluecoiner/bluecoin

Changes:

1. Confirmation times dropped to 60 seconds (faster transactions).

2. Proof of Stake reward starting block changed to 50,000 (reduced from 100,000 blocks).

2. Proof of Work (mining) will stay active forever. This will effectively turn Blue into a hybrid PoS/PoW coin.

3. Proof of Stake rewards changed to the following:

Year 1 : 5% PoS Interest
Year 2 : 3% PoS Interest
Year 3 : 1.5% PoS Interest

4. Proof of Work Rewards after block 50,000

Year 1: 100 BLU per mined block (5%)
Year 2: 50 BLU per mined block. (2.5%)
Year 3: 25 BLU per mined block. (1.5%)

New wallets on their way!

https://github.com/bluecoiner/bluecoin

Looks good, I like it!

BlueCoiner

sr. member

Activity: 489

Merit: 271

BlueCoin Version 1.1.3 MANDATORY UPGRADE!

https://github.com/bluecoiner/bluecoin

Changes:

1. Confirmation times dropped to 60 seconds (faster transactions).

2. Proof of Stake reward starting block changed to 50,000 (reduced from 100,000 blocks).

2. Proof of Work (mining) will stay active forever. This will effectively turn Blue into a hybrid PoS/PoW coin.

3. Proof of Stake rewards changed to the following:

Year 1 : 5% PoS Interest
Year 2 : 3% PoS Interest
Year 3 : 1.5% PoS Interest

4. Proof of Work Rewards after block 50,000

Year 1: 100 BLU per mined block (5%)
Year 2: 50 BLU per mined block. (2.5%)
Year 3: 25 BLU per mined block. (1.5%)

New wallets on their way!

https://github.com/bluecoiner/bluecoin

RonMank

sr. member

Activity: 588

Merit: 250

Quote from: jakedeez on July 02, 2014, 09:14:25 AM

Bluecoin is quite frustrating for those of us who have been accumulating coins - however, the larger goal is to look beyond proof of work and to see services and products developed around blu. I am very much in favor of cutting down the PoW phase and total issuance - but then again I am biased, I already hold a large number of coins.

how many blu? I don't think there is anything wrong with holding blu, wait till you see the movement that will happen with the new system set in place for distribution.

maccd123

full member

Activity: 223

Merit: 100

Bluecoin has now been added to the Game of Dice website.

http://www.gameofdice.com/BLU

1% House Edge
Quick Payouts

jakedeez

sr. member

Activity: 512

Merit: 250

ICO is evil

Bluecoin is quite frustrating for those of us who have been accumulating coins - however, the larger goal is to look beyond proof of work and to see services and products developed around blu. I am very much in favor of cutting down the PoW phase and total issuance - but then again I am biased, I already hold a large number of coins.

RonMank

sr. member

Activity: 588

Merit: 250

bump

Testing signature bounty giveaway system.

RonMank

sr. member

Activity: 588

Merit: 250

How many participated from this official thread into this 1Million Blu giveaway contest for the best alien!?? https://bitcointalk.org/index.php?topic=667224.0;topicseen drawing or graphic design offcourse

RonMank

sr. member

Activity: 588

Merit: 250

Quote from: stonedpuppy on June 29, 2014, 08:00:18 AM

I personally don't like POS coins. That being said...Hybrid most definitely, 10% split 50/50 1st year (this is roughly a 70 coin block reward at 1.5 minutes) going to 6% 2nd year then 3% thereafter. At 3% you're looking at 7.5 mil for POS and 7.5 mil for POW. You're now down to a ~20 coin block reward. POS will have to bring the price up or there will be no miners.

Same here, I am a fan of the hybrid myself. Blue has done the right things for me to play ball, more than any other crypto currency. Luckily, I am an early adopter since it doesn't have much hype yet... I expect this to grow rapidly very soon once more people hear about what blue is doing. Keep sharing this around people, Blue is onto something here.

Plus not to mention, DIFFICULTY IS 200.xx? and its beyond the relaunch point Wink

Good sign.

"blocks" : 38653,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 203.76956992,

gigabyted

hero member

Activity: 906

Merit: 500

Yeah i agree, i would probably start pos at around block 50k and use the rest for boosting pos for the first 3 years give high interest rates and then lower.

After 3 years if your coin can't live by itself then it's a lost cause...

stonedpuppy

member

Activity: 62

Merit: 10

I personally don't like POS coins. That being said...Hybrid most definitely, 10% split 50/50 1st year (this is roughly a 70 coin block reward at 1.5 minutes) going to 6% 2nd year then 3% thereafter. At 3% you're looking at 7.5 mil for POS and 7.5 mil for POW. You're now down to a ~20 coin block reward. POS will have to bring the price up or there will be no miners.

BlueCoiner

sr. member

Activity: 489

Merit: 271

Quote from: RoyalSands on June 29, 2014, 02:29:29 AM

Quote from: BlueCoiner on June 29, 2014, 02:11:53 AM

We are currently considering the following changes to BlueCoins economic and technical structure:

Dropping the PoS activation to Block 50,000 lowering the initial issuance to 500 Million BLUE instead of 1 Billion.
Changing the PoS reward to 1.5% yearly and giving the other 1.5% to the miners who opt-in to secure the network for life. Initial annual inflation rate would be roughly 15 million BLUE.
Maintaining the X11 PoW algorithm beyond block 50,000.00 effectively making BlueCoin a hybrid PoS/PoW coin, and ensuring that the network is secured against 51% attacks.

I like everything except the PoS interest rate. You need to give people an incentive to hold the coin by raising the interest rate then slowly dropping the interest rate every year until it is say 1%. You could lower the block reward gradually to offset this.

What would be your ideal setup for year 1,2,3 for PoS and PoW?

We will have a vote and try to get some community consensus before doing any of these major changes.

Topic: BlueCoin (ß) |Hybrid Cold Staking | Bluetooth | 3% Annual Rewards - page 58. (Read 192232 times)