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Topic: Bottlecaps 2.1 UPDATE REQUIRED - HARDFORK JULY 4 2014 to 200% Annual PoS - page 13. (Read 388610 times)

legendary
Activity: 1540
Merit: 1060
May the force bit with you.
So did a bit of calculating on the remainder of the CAP fund.  There is 22.5 million left.  Here's my thoughts.

1) Leave 5 million untouched to stake and use for bounties or whatever.
2) Put 2MM on exchange to sell at 10-20 sats. Help fill out the sell side and use it for putting some back on the buy side as well.
3) Move the remainder to my personal wallet.(15MM ish)

Over the last 4 to 5 years, I have put in 500 to 600 hours of work, pretty much with no much to gain. What money I did get, was based on what I bought or staked/mined on my own, no premining, or anything like that.

I would like to do a small bit more of work for CAP, but unless get something out of my time, I just can't commit to anything. I have so very little time these days, and I can't continue to work for free.  So the 15 million  at 10 sats, would average out to about $12-15/hr give or take, with the older work and the planned new work.   Considering my current skill set is worth close to $90/hr in the market place. I think this is pretty fair.

So let me know everyone thinks.  If this seems un-fair, no worries. I will have to kill the reminder of the fix money and I'll just move on.

I truly am grateful for everything you've done just like I'm sure the rest of the community is. But, everything you've done up until this point is on you. You did the work out of the goodness of your heart and your love for crypto. HOWEVER.. Moving forward, we need a lead developer and we now have a community coffers to fund it. Which going by your track record I reckon you'd be a shoe in  Wink

I think we need to start looking at Bottlecaps like a business and define clear goals and outcomes.

You say you'd like payment to stay on and do 'a small bit of work' so can you please outline what this work is. This way the community can figure out what the payments should be.

Many of us are in the same boat as you, with a high skill set and lack of time. So if you can outline a roadmap, I'm sure we can all combine our little time and achieve something great.

I plan to implement new staking ago to improve the staking efficiency by about 70-80% I also plan to put in other code fixes.    I am toying with the idea of a hard fork to slow the chain down slightly, Bye set it to 3 mins instead of 1.  But not sure about that. This would be similar work to HBN ver 2. About 80-120hrs work depending. 

To be honest I wasn't looking for negotiations. My terms are pretty much as laid out. If everyone isn't on board, then no worries. Sounds like there are others who are ready and willing to take over.
newbie
Activity: 21
Merit: 0
So did a bit of calculating on the remainder of the CAP fund.  There is 22.5 million left.  Here's my thoughts.

1) Leave 5 million untouched to stake and use for bounties or whatever.
2) Put 2MM on exchange to sell at 10-20 sats. Help fill out the sell side and use it for putting some back on the buy side as well.
3) Move the remainder to my personal wallet.(15MM ish)

Over the last 4 to 5 years, I have put in 500 to 600 hours of work, pretty much with no much to gain. What money I did get, was based on what I bought or staked/mined on my own, no premining, or anything like that.

I would like to do a small bit more of work for CAP, but unless get something out of my time, I just can't commit to anything. I have so very little time these days, and I can't continue to work for free.  So the 15 million  at 10 sats, would average out to about $12-15/hr give or take, with the older work and the planned new work.   Considering my current skill set is worth close to $90/hr in the market place. I think this is pretty fair.

So let me know everyone thinks.  If this seems un-fair, no worries. I will have to kill the reminder of the fix money and I'll just move on.

I truly am grateful for everything you've done just like I'm sure the rest of the community is. But, everything you've done up until this point is on you. You did the work out of the goodness of your heart and your love for crypto. HOWEVER.. Moving forward, we need a lead developer and we now have a community coffers to fund it. Which going by your track record I reckon you'd be a shoe in  Wink

I think we need to start looking at Bottlecaps like a business and define clear goals and outcomes.

You say you'd like payment to stay on and do 'a small bit of work' so can you please outline what this work is. This way the community can figure out what the payments should be.

Many of us are in the same boat as you, with a high skill set and lack of time. So if you can outline a roadmap, I'm sure we can all combine our little time and achieve something great.
hero member
Activity: 2730
Merit: 552
I have some Caps now live for sale at Freiexchange.  I don't have that many.  I think this coin should be in the same range as Truckcoin and VersionCoin, so it's very undervalued right now.  
member
Activity: 518
Merit: 14
pretty much same as HBN.

In order for a stake to split, it has be over your threshold. Your wallet will combine smaller UXTOs up to the combine threshold

How come when you issue the following commands it it returns a figure other than the one that is entered for the following example:

Comnand issued
splitthreshold 10000
combinethreshold 10000

returned result

12:10:49

splitthreshold 10000


12:10:49

{
"amount" : 325.59000000
}
.......................

https://github.com/Tranz5/bottlecaps/blob/master/src/rpcwallet.cpp#L1772

@Tranz et all

What was the rational for the total balance to determine the max combine and split threshold amounts? It really doesn't make any logical sense or am I missing something here?  Wouldn't it make more sense for the split / combine threshold to be independent of any of the other factors?

The point of staking is to secure the block chain. That's it!  So when people make huge UTXOs, either manually or by using a large split/combine threshold then there are less blocks to stake, thereby decreasing the security of the chain.

Those with a very large balance, have to find a setting that enables them to keep the wallet running smoothly but still gives way to block chain security.

It is a fine line.  I can't give out the ability to everyone to make 1 huge block and stake just once every week.  But anyone can change the setting and compile their own.



OK. That makes sense. Thanks for clarifying.
legendary
Activity: 1540
Merit: 1060
May the force bit with you.
pretty much same as HBN.

In order for a stake to split, it has be over your threshold. Your wallet will combine smaller UXTOs up to the combine threshold

How come when you issue the following commands it it returns a figure other than the one that is entered for the following example:

Comnand issued
splitthreshold 10000
combinethreshold 10000

returned result

12:10:49

splitthreshold 10000


12:10:49

{
"amount" : 325.59000000
}
.......................

https://github.com/Tranz5/bottlecaps/blob/master/src/rpcwallet.cpp#L1772

@Tranz et all

What was the rational for the total balance to determine the max combine and split threshold amounts? It really doesn't make any logical sense or am I missing something here?  Wouldn't it make more sense for the split / combine threshold to be independent of any of the other factors?

The point of staking is to secure the block chain. That's it!  So when people make huge UTXOs, either manually or by using a large split/combine threshold then there are less blocks to stake, thereby decreasing the security of the chain.

Those with a very large balance, have to find a setting that enables them to keep the wallet running smoothly but still gives way to block chain security.

It is a fine line.  I can't give out the ability to everyone to make 1 huge block and stake just once every week.  But anyone can change the setting and compile their own.

dnp
full member
Activity: 401
Merit: 110
So did a bit of calculating on the remainder of the CAP fund.  There is 22.5 million left.  Here's my thoughts.

1) Leave 5 million untouched to stake and use for bounties or whatever.
2) Put 2MM on exchange to sell at 10-20 sats. Help fill out the sell side and use it for putting some back on the buy side as well.
3) Move the remainder to my personal wallet.(15MM ish)

Over the last 4 to 5 years, I have put in 500 to 600 hours of work, pretty much with no much to gain. What money I did get, was based on what I bought or staked/mined on my own, no premining, or anything like that.

I would like to do a small bit more of work for CAP, but unless get something out of my time, I just can't commit to anything. I have so very little time these days, and I can't continue to work for free.  So the 15 million  at 10 sats, would average out to about $12-15/hr give or take, with the older work and the planned new work.   Considering my current skill set is worth close to $90/hr in the market place. I think this is pretty fair.

So let me know everyone thinks.  If this seems un-fair, no worries. I will have to kill the reminder of the fix money and I'll just move on.


i'm cool with it.
member
Activity: 518
Merit: 14
tranz, Where did you get the 22 million coins?
And how do we know that you have 15 million and not 150 million?
I do not know as much as you and I'm curious.

It helps if you read previous posts.  Grin
newbie
Activity: 12
Merit: 0
tranz, Where did you get the 22 million coins?
And how do we know that you have 15 million and not 150 million?
I do not know as much as you and I'm curious.
newbie
Activity: 12
Merit: 0
Tranz, and why did not you put it in 100 sats and you took 3 million?
for example
member
Activity: 518
Merit: 14
pretty much same as HBN.

In order for a stake to split, it has be over your threshold. Your wallet will combine smaller UXTOs up to the combine threshold

How come when you issue the following commands it it returns a figure other than the one that is entered for the following example:

Comnand issued
splitthreshold 10000
combinethreshold 10000

returned result

12:10:49

splitthreshold 10000


12:10:49

{
"amount" : 325.59000000
}
.......................

https://github.com/Tranz5/bottlecaps/blob/master/src/rpcwallet.cpp#L1772

@Tranz et all

What was the rational for the total balance to determine the max combine and split threshold amounts? It really doesn't make any logical sense or am I missing something here?  Wouldn't it make more sense for the split / combine threshold to be independent of any of the other factors?
newbie
Activity: 21
Merit: 5
pretty much same as HBN.

In order for a stake to split, it has be over your threshold. Your wallet will combine smaller UXTOs up to the combine threshold

How come when you issue the following commands it it returns a figure other than the one that is entered for the following example:

Comnand issued
splitthreshold 10000
combinethreshold 10000

returned result

12:10:49

splitthreshold 10000


12:10:49

{
"amount" : 325.59000000
}


12:11:26

combinethreshold 10000


12:11:26

{
"amount" : 651.18000000
}

Max allowed amount depends on total wallet balance.
member
Activity: 227
Merit: 26
“BitCloud [BTDX]”
So did a bit of calculating on the remainder of the CAP fund.  There is 22.5 million left.  Here's my thoughts.

1) Leave 5 million untouched to stake and use for bounties or whatever.
2) Put 2MM on exchange to sell at 10-20 sats. Help fill out the sell side and use it for putting some back on the buy side as well.
3) Move the remainder to my personal wallet.(15MM ish)

Over the last 4 to 5 years, I have put in 500 to 600 hours of work, pretty much with no much to gain. What money I did get, was based on what I bought or staked/mined on my own, no premining, or anything like that.

I would like to do a small bit more of work for CAP, but unless get something out of my time, I just can't commit to anything. I have so very little time these days, and I can't continue to work for free.  So the 15 million  at 10 sats, would average out to about $12-15/hr give or take, with the older work and the planned new work.   Considering my current skill set is worth close to $90/hr in the market place. I think this is pretty fair.

So let me know everyone thinks.  If this seems un-fair, no worries. I will have to kill the reminder of the fix money and I'll just move on.






Vote for #3 or make a donation adress for you @Tranz  Wink BTC / CAP
member
Activity: 518
Merit: 14
pretty much same as HBN.

In order for a stake to split, it has be over your threshold. Your wallet will combine smaller UXTOs up to the combine threshold

How come when you issue the following commands it it returns a figure other than the one that is entered for the following example:

Comnand issued
splitthreshold 10000
combinethreshold 10000

returned result

12:10:49

splitthreshold 10000


12:10:49

{
"amount" : 325.59000000
}


12:11:26

combinethreshold 10000


12:11:26

{
"amount" : 651.18000000
}
member
Activity: 518
Merit: 14
So did a bit of calculating on the remainder of the CAP fund.  There is 22.5 million left.  Here's my thoughts.

1) Leave 5 million untouched to stake and use for bounties or whatever.
2) Put 2MM on exchange to sell at 10-20 sats. Help fill out the sell side and use it for putting some back on the buy side as well.
3) Move the remainder to my personal wallet.(15MM ish)

Over the last 4 to 5 years, I have put in 500 to 600 hours of work, pretty much with no much to gain. What money I did get, was based on what I bought or staked/mined on my own, no premining, or anything like that.

I would like to do a small bit more of work for CAP, but unless get something out of my time, I just can't commit to anything. I have so very little time these days, and I can't continue to work for free.  So the 15 million  at 10 sats, would average out to about $12-15/hr give or take, with the older work and the planned new work.   Considering my current skill set is worth close to $90/hr in the market place. I think this is pretty fair.

So let me know everyone thinks.  If this seems un-fair, no worries. I will have to kill the reminder of the fix money and I'll just move on.


1. ok
2. No. Terrible idea. Move the coins to 1. or burn them. 2 million coins is a meaningless amount either way. If someone put up a 2 btc buy wall at 10 sats someone would dump 20 million coins fast. There is no need to "help fill out the sell side".
3. ok. 4,37% of total supply.

I think the point of #2 selling is so he could make a little bit of $$ to recoup his time so he can eat. Nothing wrong with that and the amount is not a big deal, but it will at least put food on the table. We don't know what his situations may be. Beside, no one should try to stop anyone from selling, it's called a free market for a reason. At least we know what his intentions are and he'll need to sell something at some point anyway. Again. We don't know his situation.
hero member
Activity: 779
Merit: 502
So did a bit of calculating on the remainder of the CAP fund.  There is 22.5 million left.  Here's my thoughts.

1) Leave 5 million untouched to stake and use for bounties or whatever.
2) Put 2MM on exchange to sell at 10-20 sats. Help fill out the sell side and use it for putting some back on the buy side as well.
3) Move the remainder to my personal wallet.(15MM ish)

Over the last 4 to 5 years, I have put in 500 to 600 hours of work, pretty much with no much to gain. What money I did get, was based on what I bought or staked/mined on my own, no premining, or anything like that.

I would like to do a small bit more of work for CAP, but unless get something out of my time, I just can't commit to anything. I have so very little time these days, and I can't continue to work for free.  So the 15 million  at 10 sats, would average out to about $12-15/hr give or take, with the older work and the planned new work.   Considering my current skill set is worth close to $90/hr in the market place. I think this is pretty fair.

So let me know everyone thinks.  If this seems un-fair, no worries. I will have to kill the reminder of the fix money and I'll just move on.


1. ok
2. No. Terrible idea. Move the coins to 1. or burn them. 2 million coins is a meaningless amount either way. If someone put up a 2 btc buy wall at 10 sats someone would dump 20 million coins fast. There is no need to "help fill out the sell side".
3. ok. 4,37% of total supply.
member
Activity: 518
Merit: 14
So did a bit of calculating on the remainder of the CAP fund.  There is 22.5 million left.  Here's my thoughts.

1) Leave 5 million untouched to stake and use for bounties or whatever.
2) Put 2MM on exchange to sell at 10-20 sats. Help fill out the sell side and use it for putting some back on the buy side as well.
3) Move the remainder to my personal wallet.(15MM ish)

Over the last 4 to 5 years, I have put in 500 to 600 hours of work, pretty much with no much to gain. What money I did get, was based on what I bought or staked/mined on my own, no premining, or anything like that.

I would like to do a small bit more of work for CAP, but unless get something out of my time, I just can't commit to anything. I have so very little time these days, and I can't continue to work for free.  So the 15 million  at 10 sats, would average out to about $12-15/hr give or take, with the older work and the planned new work.   Considering my current skill set is worth close to $90/hr in the market place. I think this is pretty fair.

So let me know everyone thinks.  If this seems un-fair, no worries. I will have to kill the reminder of the fix money and I'll just move on.






Sounds like a plan. Just like to see the community build long-term utility and making the project more viable.
hero member
Activity: 1862
Merit: 590
So did a bit of calculating on the remainder of the CAP fund.  There is 22.5 million left.  Here's my thoughts.

1) Leave 5 million untouched to stake and use for bounties or whatever.
2) Put 2MM on exchange to sell at 10-20 sats. Help fill out the sell side and use it for putting some back on the buy side as well.
3) Move the remainder to my personal wallet.(15MM ish)

Over the last 4 to 5 years, I have put in 500 to 600 hours of work, pretty much with no much to gain. What money I did get, was based on what I bought or staked/mined on my own, no premining, or anything like that.

I would like to do a small bit more of work for CAP, but unless get something out of my time, I just can't commit to anything. I have so very little time these days, and I can't continue to work for free.  So the 15 million  at 10 sats, would average out to about $12-15/hr give or take, with the older work and the planned new work.   Considering my current skill set is worth close to $90/hr in the market place. I think this is pretty fair.

So let me know everyone thinks.  If this seems un-fair, no worries. I will have to kill the reminder of the fix money and I'll just move on.






I'm happy with that as would most of the other community members here as we have seen all the work you have put in to get CAP to where it is now. I would even go on to say that I would be fine even if you took 5 million to sell as you deserved it. Now we just need the community to support this and hopefully buy up some CAPS to help continue this project.
hero member
Activity: 2730
Merit: 552
So did a bit of calculating on the remainder of the CAP fund.  There is 22.5 million left.  Here's my thoughts.

1) Leave 5 million untouched to stake and use for bounties or whatever.
2) Put 2MM on exchange to sell at 10-20 sats. Help fill out the sell side and use it for putting some back on the buy side as well.
3) Move the remainder to my personal wallet.(15MM ish)

Over the last 4 to 5 years, I have put in 500 to 600 hours of work, pretty much with no much to gain. What money I did get, was based on what I bought or staked/mined on my own, no premining, or anything like that.

I would like to do a small bit more of work for CAP, but unless get something out of my time, I just can't commit to anything. I have so very little time these days, and I can't continue to work for free.  So the 15 million  at 10 sats, would average out to about $12-15/hr give or take, with the older work and the planned new work.   Considering my current skill set is worth close to $90/hr in the market place. I think this is pretty fair.

So let me know everyone thinks.  If this seems un-fair, no worries. I will have to kill the reminder of the fix money and I'll just move on.



Yes, I think we should be generous towards you.  We should all buy as much as we can as well to make sure it's a good price when you sell.
legendary
Activity: 1540
Merit: 1060
May the force bit with you.
So did a bit of calculating on the remainder of the CAP fund.  There is 22.5 million left.  Here's my thoughts.

1) Leave 5 million untouched to stake and use for bounties or whatever.
2) Put 2MM on exchange to sell at 10-20 sats. Help fill out the sell side and use it for putting some back on the buy side as well.
3) Move the remainder to my personal wallet.(15MM ish)

Over the last 4 to 5 years, I have put in 500 to 600 hours of work, pretty much with no much to gain. What money I did get, was based on what I bought or staked/mined on my own, no premining, or anything like that.

I would like to do a small bit more of work for CAP, but unless get something out of my time, I just can't commit to anything. I have so very little time these days, and I can't continue to work for free.  So the 15 million  at 10 sats, would average out to about $12-15/hr give or take, with the older work and the planned new work.   Considering my current skill set is worth close to $90/hr in the market place. I think this is pretty fair.

So let me know everyone thinks.  If this seems un-fair, no worries. I will have to kill the reminder of the fix money and I'll just move on.




legendary
Activity: 1540
Merit: 1060
May the force bit with you.
pretty much same as HBN.

In order for a stake to split, it has be over your threshold. Your wallet will combine smaller UXTOs up to the combine threshold
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