i also downloaded the 1.5.2 and it is not syncing not a single connection and i added the nodes to the conf file
All you need is BottleCaps.conf with this line addnode=cap.nodes.btcrypt.net:7685
Topic: Bottlecaps 2.1 UPDATE REQUIRED - HARDFORK JULY 4 2014 to 200% Annual PoS - page 132. (Read 388610 times)
May 15, 2014, 06:46:23 PM
All you need is BottleCaps.conf with this line addnode=cap.nodes.btcrypt.net:7685
May 15, 2014, 06:45:49 PM
I am curious about this aswell with the max 1000 PoS reward
Well at the current numbers it would be a 8.22% stake at 15 day intervals - assuming 200% max stake. So the way I understand it is that it would be each block can only get a stake reward of 1,000 at a time. This means that you should keep blocks less than 12,165 in your wallet. If I understand it correctly. This seems perfectly reasonable.
May 15, 2014, 06:42:19 PM
i also downloaded the 1.5.2 and it is not syncing not a single connection and i added the nodes to the conf file
May 15, 2014, 06:39:17 PM
Alright Tranz and I spoke on IRC, he's going to take over development.
We're going to increase the stake to 200% as we discussed. He's going to make the non-forking updates first and then in a few weeks we'll fork to the new reward system.
BitJohn has given me access to the official GitHub, Facebook, and John Eden account so we won't need to make a new thread or anything. All the info can stay here. Please let me know of any info on info in the OP that's out of date/incorrect.
Tranz feel free to add any info as you see fit.
We're going to increase the stake to 200% as we discussed. He's going to make the non-forking updates first and then in a few weeks we'll fork to the new reward system.
BitJohn has given me access to the official GitHub, Facebook, and John Eden account so we won't need to make a new thread or anything. All the info can stay here. Please let me know of any info on info in the OP that's out of date/incorrect.
Tranz feel free to add any info as you see fit.
Agreed.
200% Yearly ROI, 15 days min weight 45 max. So approx 8% after 15 days. Max 1,000 coins PoS reward. This will prevent a single huge user from causing a sudden spike in inflation, but is still very generous.
Plus other key fixes, and some gui enhancements. I'll be coding into my github, and once all is said and done, we will fork into the main repo, and get clients out to you guys. If anyone would like to Q/C while this is happening, that is great. I'll post changes as they happen here.
Thanks!
i say Hobos and Bottlecaps are so similar in 'niche' you taking the coin over is logical move
)))))i also vote for the 200% - as nobody else has it.
May 15, 2014, 06:30:37 PM
I am curious about this aswell with the max 1000 PoS reward
May 15, 2014, 06:16:55 PM
Alright Tranz and I spoke on IRC, he's going to take over development.
We're going to increase the stake to 200% as we discussed. He's going to make the non-forking updates first and then in a few weeks we'll fork to the new reward system.
BitJohn has given me access to the official GitHub, Facebook, and John Eden account so we won't need to make a new thread or anything. All the info can stay here. Please let me know of any info on info in the OP that's out of date/incorrect.
Tranz feel free to add any info as you see fit.
We're going to increase the stake to 200% as we discussed. He's going to make the non-forking updates first and then in a few weeks we'll fork to the new reward system.
BitJohn has given me access to the official GitHub, Facebook, and John Eden account so we won't need to make a new thread or anything. All the info can stay here. Please let me know of any info on info in the OP that's out of date/incorrect.
Tranz feel free to add any info as you see fit.
Agreed.
200% Yearly ROI, 15 days min weight 45 max. So approx 8% after 15 days. Max 1,000 coins PoS reward. This will prevent a single huge user from causing a sudden spike in inflation, but is still very generous.
Plus other key fixes, and some gui enhancements. I'll be coding into my github, and once all is said and done, we will fork into the main repo, and get clients out to you guys. If anyone would like to Q/C while this is happening, that is great. I'll post changes as they happen here.
Thanks!
Max 1000 coins meaning if someone buys 50k you will only stake 1000 coins every 15 days instead of 4000? or can you break them in to smaller transaction like 10k each block and have 5 blocks so each can stake 800 coins?
May 15, 2014, 06:16:33 PM
Awesome. I'm going to go home shoot up some RAD-X and get back mining CAPs and party like its mid 2013!
May 15, 2014, 06:16:09 PM
May 15, 2014, 06:06:43 PM
Alright Tranz and I spoke on IRC, he's going to take over development.
We're going to increase the stake to 200% as we discussed. He's going to make the non-forking updates first and then in a few weeks we'll fork to the new reward system.
BitJohn has given me access to the official GitHub, Facebook, and John Eden account so we won't need to make a new thread or anything. All the info can stay here. Please let me know of any info on info in the OP that's out of date/incorrect.
Tranz feel free to add any info as you see fit.
We're going to increase the stake to 200% as we discussed. He's going to make the non-forking updates first and then in a few weeks we'll fork to the new reward system.
BitJohn has given me access to the official GitHub, Facebook, and John Eden account so we won't need to make a new thread or anything. All the info can stay here. Please let me know of any info on info in the OP that's out of date/incorrect.
Tranz feel free to add any info as you see fit.
Agreed.
200% Yearly ROI, 15 days min weight 45 max. So approx 8% after 15 days. Max 1,000 coins PoS reward. This will prevent a single huge user from causing a sudden spike in inflation, but is still very generous.
Plus other key fixes, and some gui enhancements. I'll be coding into my github, and once all is said and done, we will fork into the main repo, and get clients out to you guys. If anyone would like to Q/C while this is happening, that is great. I'll post changes as they happen here.
Thanks!
May 15, 2014, 05:57:14 PM
Alright Tranz and I spoke on IRC, he's going to take over development.
We're going to increase the stake to 200% as we discussed. He's going to make the non-forking updates first and then in a few weeks we'll fork to the new reward system.
BitJohn has given me access to the official GitHub, Facebook, and John Eden account so we won't need to make a new thread or anything. All the info can stay here. Please let me know of any info on info in the OP that's out of date/incorrect.
Tranz feel free to add any info as you see fit.
We're going to increase the stake to 200% as we discussed. He's going to make the non-forking updates first and then in a few weeks we'll fork to the new reward system.
BitJohn has given me access to the official GitHub, Facebook, and John Eden account so we won't need to make a new thread or anything. All the info can stay here. Please let me know of any info on info in the OP that's out of date/incorrect.
Tranz feel free to add any info as you see fit.
May 15, 2014, 05:55:00 PM
I looked through a few pages. I can't seem to find any good pools to mine on. All of the ones on the first page I couldn't load or I refuse to use (coinex.pw). Any ideas?
Was also thinking, is CAP determined to stay scrypt or is it possible to move it to another algorithm. Just a suggestion to think about. Personally I like it scrypt.
Was also thinking, is CAP determined to stay scrypt or is it possible to move it to another algorithm. Just a suggestion to think about. Personally I like it scrypt.
It's up on multipool.us, port 3349.
May 15, 2014, 04:33:17 PM
I looked through a few pages. I can't seem to find any good pools to mine on. All of the ones on the first page I couldn't load or I refuse to use (coinex.pw). Any ideas?
Was also thinking, is CAP determined to stay scrypt or is it possible to move it to another algorithm. Just a suggestion to think about. Personally I like it scrypt.
Was also thinking, is CAP determined to stay scrypt or is it possible to move it to another algorithm. Just a suggestion to think about. Personally I like it scrypt.
May 15, 2014, 04:21:25 PM
I respect all the opinions in this thread. It looks to me to be split 60/40 in favor of moving to a higher PoS. I don't want to cause any strife, and I certainly am not trying to pump and dump this coin. I would very much like it to get a nice steady hash and high net weight.
Moving to 200% yearly degrading will give people a reason to mine and hold this coin again. It fill the niche perfectly.
Very low 1-5% BC, AC, WC and a few others (CAPS Current)
Low 25-50% Mint, PHS
Mid 100% HBN, NVC
High 200% CAPS Future)
Very High 500% TEK.
This coin will never compete in the market at a lower PoS percentage. If you want this coin to survive, it must give people a reason to hold it.
Flound are you for or against me getting involved? Since you are the keeper of the keys, I will yield to you. But for me to help, it involves moving the PoS up, moving the min weight down. And many other developments. But it all comes as one package.
I await your response.
Thanks!
Moving to 200% yearly degrading will give people a reason to mine and hold this coin again. It fill the niche perfectly.
Very low 1-5% BC, AC, WC and a few others (CAPS Current)
Low 25-50% Mint, PHS
Mid 100% HBN, NVC
High 200% CAPS Future)
Very High 500% TEK.
This coin will never compete in the market at a lower PoS percentage. If you want this coin to survive, it must give people a reason to hold it.
Flound are you for or against me getting involved? Since you are the keeper of the keys, I will yield to you. But for me to help, it involves moving the PoS up, moving the min weight down. And many other developments. But it all comes as one package.
I await your response.
Thanks!
I think the higher interest stake coins perform better as well encourages holding investment etc. I am all for upping it.
May 15, 2014, 04:21:10 PM
I vote in favour of the 200%
May 15, 2014, 04:16:16 PM
I respect all the opinions in this thread. It looks to me to be split 60/40 in favor of moving to a higher PoS. I don't want to cause any strife, and I certainly am not trying to pump and dump this coin. I would very much like it to get a nice steady hash and high net weight.
Moving to 200% yearly degrading will give people a reason to mine and hold this coin again. It fill the niche perfectly.
Very low 1-5% PPC,BC, AC, WC and a few others (CAPS Current)
Low 25-50% Mint, PHS
Mid 100% HBN, NVC
High 200% CAPS Future)
Very High 500% TEK.
This coin will never compete in the market at a lower PoS percentage. If you want this coin to survive, it must give people a reason to hold it.
Flound are you for or against me getting involved? Since you are the keeper of the keys, I will yield to you. But for me to help, it involves moving the PoS up, moving the min weight down. And many other developments. But it all comes as one package.
I await your response.
Thanks!
Edit: Flound and I will speak about this privately tonight.
Moving to 200% yearly degrading will give people a reason to mine and hold this coin again. It fill the niche perfectly.
Very low 1-5% PPC,BC, AC, WC and a few others (CAPS Current)
Low 25-50% Mint, PHS
Mid 100% HBN, NVC
High 200% CAPS Future)
Very High 500% TEK.
This coin will never compete in the market at a lower PoS percentage. If you want this coin to survive, it must give people a reason to hold it.
Flound are you for or against me getting involved? Since you are the keeper of the keys, I will yield to you. But for me to help, it involves moving the PoS up, moving the min weight down. And many other developments. But it all comes as one package.
I await your response.
Thanks!
Edit: Flound and I will speak about this privately tonight.
May 15, 2014, 04:08:49 PM
If you want to attract new investors and breath life into this coin, then please understand the concept of generating alpha.
http://en.wikipedia.org/wiki/Alpha_(investment)
The alpha coefficient (\alpha_i) is a parameter in the Capital Asset Pricing Model (CAPM). It is the intercept of the security characteristic line (SCL), that is, the coefficient of the constant in a market model regression.
\mathrm{SCL} : R_{i,t} - R_{f} = \alpha_i + \beta_i\, ( R_{M,t} - R_{f} ) + \epsilon_{i,t} \frac{}{}
It can be shown that in an efficient market, the expected value of the alpha coefficient is zero. Therefore the alpha coefficient indicates how an investment has performed after accounting for the risk it involved:
\alpha_i < 0 : the investment has earned too little for its risk (or, was too risky for the return)
\alpha_i = 0 : the investment has earned a return adequate for the risk taken
\alpha_i > 0 : the investment has a return in excess of the reward for the assumed risk
Below is the reason why coins like Blackcoin will fail in the long-term. 1% annual return for 100% potential loss.
For instance, although a return of 20% may appear good, the investment can still have a negative alpha if it's involved in an excessively risky position.
All altcoins are excessively risky. This is why we need high interest, to mitigate those losses. This is why coins with high interest results in higher volatility. This also gives the potential for higher returns, which is an attraction to investors and traders.
This is based on the concept that riskier assets should have higher expected returns than less risky assets. If an asset's return is even higher than the risk adjusted return, that asset is said to have "positive alpha" or "abnormal returns". Investors are constantly seeking investments that have higher alpha.
http://en.wikipedia.org/wiki/Alpha_(investment)
The alpha coefficient (\alpha_i) is a parameter in the Capital Asset Pricing Model (CAPM). It is the intercept of the security characteristic line (SCL), that is, the coefficient of the constant in a market model regression.
\mathrm{SCL} : R_{i,t} - R_{f} = \alpha_i + \beta_i\, ( R_{M,t} - R_{f} ) + \epsilon_{i,t} \frac{}{}
It can be shown that in an efficient market, the expected value of the alpha coefficient is zero. Therefore the alpha coefficient indicates how an investment has performed after accounting for the risk it involved:
\alpha_i < 0 : the investment has earned too little for its risk (or, was too risky for the return)
\alpha_i = 0 : the investment has earned a return adequate for the risk taken
\alpha_i > 0 : the investment has a return in excess of the reward for the assumed risk
Below is the reason why coins like Blackcoin will fail in the long-term. 1% annual return for 100% potential loss.
For instance, although a return of 20% may appear good, the investment can still have a negative alpha if it's involved in an excessively risky position.
All altcoins are excessively risky. This is why we need high interest, to mitigate those losses. This is why coins with high interest results in higher volatility. This also gives the potential for higher returns, which is an attraction to investors and traders.
This is based on the concept that riskier assets should have higher expected returns than less risky assets. If an asset's return is even higher than the risk adjusted return, that asset is said to have "positive alpha" or "abnormal returns". Investors are constantly seeking investments that have higher alpha.
May 15, 2014, 03:42:48 PM
Of course they are. The cryptsy trollbox is full of traders who would like nothing more than a short term pump.
Hmm maybe this revamping CAP is going to be a harder project than one might have assumed. I am going to go quiet on this thread and let the rest of the community submit their input to Flound.
May 15, 2014, 03:36:40 PM
But we also want people to mine the coin and a constant downward slope in price means it will be less and less profitable to mine as time goes on.
As long as the money supply increases at the same rate as the economy for the coin, there won't be inflation. If there's no economy, all people will do with their coins is hold them or trade for BTC.
If this was a pure PoS coin it would be different, if we're going to do this kind of staking we should probably discuss ending the PoW phase or at least phasing it out more quickly.
What I'm concerned with is ensuring the long term stability of the coin -- there's going to be a lot of pressure from speculators to do things that will pump the short term value (as you can see, that's already begun).
In order to generate interest in the coin we could also consider doing a limited time daily PoS phase like YellowCoin did. They gave 10% stake per day for 7 days I believe. This rewards the longer term holders of the coin while also generating new interest.
I think that PoW mining would be the least of concerns (at least for me) - whatever hash rate wants to be thrown at the coin really doesn't matter - dif adjusts. Not a high risk of attack because of heavy network stake weight supporting the stability of the network. Also PoW mining is industrializing right now anyways.
Going pure PoS would be a giant mistake.... Isn't the only reason why PHS is alive is because of the hybrid??
Long term stability would need to be dialed in via difficulty adjustments. I am not an expert on this part of the code, but fortunately Tranz is.
By the way, right now on Cryptsy over 50% of discussion is about CAP. I think Tranz's ideas are getting a lot of people excited.
Of course they are. The cryptsy trollbox is full of traders who would like nothing more than a short term pump.
May 15, 2014, 03:23:24 PM
This coin isn't even listen on coinmarketcap anymore?
May 15, 2014, 03:15:39 PM
But we also want people to mine the coin and a constant downward slope in price means it will be less and less profitable to mine as time goes on.
As long as the money supply increases at the same rate as the economy for the coin, there won't be inflation. If there's no economy, all people will do with their coins is hold them or trade for BTC.
If this was a pure PoS coin it would be different, if we're going to do this kind of staking we should probably discuss ending the PoW phase or at least phasing it out more quickly.
What I'm concerned with is ensuring the long term stability of the coin -- there's going to be a lot of pressure from speculators to do things that will pump the short term value (as you can see, that's already begun).
In order to generate interest in the coin we could also consider doing a limited time daily PoS phase like YellowCoin did. They gave 10% stake per day for 7 days I believe. This rewards the longer term holders of the coin while also generating new interest.
I think that PoW mining would be the least of concerns (at least for me) - whatever hash rate wants to be thrown at the coin really doesn't matter - dif adjusts. Not a high risk of attack because of heavy network stake weight supporting the stability of the network. Also PoW mining is industrializing right now anyways.
Going pure PoS would be a giant mistake.... Isn't the only reason why PHS is alive is because of the hybrid??
Long term stability would need to be dialed in via difficulty adjustments. I am not an expert on this part of the code, but fortunately Tranz is.
By the way, right now on Cryptsy over 50% of discussion is about CAP. I think Tranz's ideas are getting a lot of people excited.
Jump to: