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Topic: Bottlecaps 2.1 UPDATE REQUIRED - HARDFORK JULY 4 2014 to 200% Annual PoS - page 37. (Read 388610 times)

legendary
Activity: 1033
Merit: 1005
I have over 3 mil CAP on cryptopia, will I ever be able to withdraw them?

As of right now, no.
legendary
Activity: 1033
Merit: 1005
New topic already started: https://bitcointalksearch.org/topic/ann-caps-bottlecapsplus-powpos-high-protected-coin-2329756
But I change later some parameters.
It will be SCIFI clone with some changes. SCIFI - fork from recent NVC
Coin swap very easy, after start I send premine to all old CAP addresses (see BUK swap)
User just put old CAP wallet.dat to new directory and start CAPP

But first I need obtain consent from Cryptopia.


So I think some of these need discussed with the community before they are set in stone, errr code.

Quote
Some parameters:
Block time 2 min
Min stake interval 10 days, max 30
Max PoS block reward 100
PoW reward 1 (need for start chain, stop after 1 month.)
Max PoS percentage 500%
Swap rate 10 CAP = 1 CAPP
Premine ~20M or 10% from max supply.
Max yearly new coins - 26M
real PoS rate:
1st year 100%
2nd year 50%
3 - 33
4 - 25


My opinions:
Block time is good
Min Stake, might as well make it one day. Just be sure to change nModifierInterval  to allow for it
Max PoS block reward of 100 maybe too low. I am ok with it, not sure how others feel about it?
Pow only at first block? So not a hybrid?  I actually like how HBN is doing POW and POS. It forces POW to only come after a POS block. Prevents flash mining but still allows for people to get in with no cash.
Swap rate seems ok.. How do others feel?
I assume the PoS Rate is just based on number of coins and the reward cap hitting more often, but the base rate doens't change.

Do you plan on running checkpoint server. I think this is important to know.

My opinion:

2m block time = 720 blocks per day = 72,000 new coins possible per day creation.  For comparison, hyperstake has 1.5m block time with 1000 max coins per block and is hyper-inflating with 960,000 coins potentially generated per day.  I believe that a 2.5m or 3m block time would push the new coins down to 48,000 and 57,600 per day, respectively without dramatically affecting the coin and help to reduce inflation.  On the other side reduction of the max coin reward to 75 and maintaining the 2m block would do the same and have max coins at 54,000.

Next premine of 20mil coins would be, by definition, 200mil CAP coins.  The premine, as I assume it (please confirm), is for the top 250 addresses as show on http://www.presstab.pw/phpexplorer/CAP/richlist.php?count=250 which would be 237,959,964 CAP, unless you're going to freeze out ~38mil.

Just my opinion.

Finally, the checkpoint server is an important piece of the pie.  I run the wallets of all my coins all the time but I'm just one player.
hero member
Activity: 982
Merit: 517
Nature decays, but Latinum lasts forever. RoA:102
To Tranz, you can make hardfork and rollback to block 3253320, when last attack started, but it return to Cryptopia only 50% or less of stolen coins and not solve others CAP problems. We wait, wait ... and you say that have no time.
To all, CAPP fully new coin and not destroy CAP, if someone else fix it and buy on free market 36M coins and return it to Cryptopia I will be glad.
sr. member
Activity: 365
Merit: 300
I have over 3 mil CAP on cryptopia, will I ever be able to withdraw them?
legendary
Activity: 1288
Merit: 1000
CRYPTO-CITY.COM 🌟 Communities
[

Viewing the events of the past few weeks, starting with the takeover proposal and culminating with the losses to Cryptopia and Bottlecaps, as unrelated coincidence exceeds my skill at suspension of disbelief. If I took losses as an exchange and skimmed through the recent posts of the coin to sort out what might be behind those losses I might be able to pull together some likely suspects. Nonetheless, correlation does not imply causality and I am admittedly cynical.   

I chose Bottlecaps because Trans' reputation among others was beyond reproach - I'm having a harder time seeing someone without a similar reputation working and getting this proposed clone listed on exchanges.

A new coin listing on Cryptopia is 5000000 DOT -  4.85970486 BTC - 39,820USD

Rey, to be honest, I also share this view a bit myself.  Here's the thing as I see it.  What Vamp is proposing does not mean CAP dies at all.   It is not a fork, it is not a coinswap(at least if I understand, correctly), its a new chain that accepts the same wallet from the start. To be honest there is very little we could do to stop him. See TRK vs HYP. BTC vs BCH, etc.

But if we take him at his word, and his intentions are true he maybe to help breath new life into CAP, or whatever the blockchain name becomes.

I still want to move forward with getting Cryptopia back the coins, via HF.  But doesn't mean we also can't look towards a fresh start either.

Also, I saw your IM, and I will responds tonight.

If an HF gets the CAP market open again and cryptopia made whole I'm all for it.... so that will just mean there will be CAP on Cryptopia and if they decide to list CAPP as well that'd be great too.
legendary
Activity: 1540
Merit: 1060
May the force bit with you.
[

Viewing the events of the past few weeks, starting with the takeover proposal and culminating with the losses to Cryptopia and Bottlecaps, as unrelated coincidence exceeds my skill at suspension of disbelief. If I took losses as an exchange and skimmed through the recent posts of the coin to sort out what might be behind those losses I might be able to pull together some likely suspects. Nonetheless, correlation does not imply causality and I am admittedly cynical.   

I chose Bottlecaps because Trans' reputation among others was beyond reproach - I'm having a harder time seeing someone without a similar reputation working and getting this proposed clone listed on exchanges.

A new coin listing on Cryptopia is 5000000 DOT -  4.85970486 BTC - 39,820USD

Rey, to be honest, I also share this view a bit myself.  Here's the thing as I see it.  What Vamp is proposing does not mean CAP dies at all.   It is not a fork, it is not a coinswap(at least if I understand, correctly), its a new chain that accepts the same wallet from the start. To be honest there is very little we could do to stop him. See TRK vs HYP. BTC vs BCH, etc.

But if we take him at his word, and his intentions are true he maybe to help breath new life into CAP, or whatever the blockchain name becomes.

I still want to move forward with getting Cryptopia back the coins, via HF.  But doesn't mean we also can't look towards a fresh start either.

Also, I saw your IM, and I will responds tonight.
hero member
Activity: 982
Merit: 517
Nature decays, but Latinum lasts forever. RoA:102
It is not coincidence, hacker saw that CAP may be fixed soon and attack now. First attack was 7-10 October.
And I believe that someone who was against my proposal is real hacker, may be you?
full member
Activity: 152
Merit: 100
New topic already started: https://bitcointalksearch.org/topic/ann-caps-bottlecapsplus-powpos-high-protected-coin-2329756
But I change later some parameters.
It will be SCIFI clone with some changes. SCIFI - fork from recent NVC
Coin swap very easy, after start I send premine to all old CAP addresses (see BUK swap)
User just put old CAP wallet.dat to new directory and start CAPP

But first I need obtain consent from Cryptopia.

@tranz and Vampirus. So, it's official we are going with this then? If so, I'll add CAPP to Crypto-city as well.

Its not my decision. We need to hear from a few of the larger stake holders.   But based on the discussion so far with Vampirus. I have not objections.

Viewing the events of the past few weeks, starting with the takeover proposal and culminating with the losses to Cryptopia and Bottlecaps, as unrelated coincidence exceeds my skill at suspension of disbelief. If I took losses as an exchange and skimmed through the recent posts of the coin to sort out what might be behind those losses I might be able to pull together some likely suspects. Nonetheless, correlation does not imply causality and I am admittedly cynical.   

I chose Bottlecaps because Trans' reputation among others was beyond reproach - I'm having a harder time seeing someone without a similar reputation working and getting this proposed clone listed on exchanges.

A new coin listing on Cryptopia is 5000000 DOT -  4.85970486 BTC - 39,820USD
legendary
Activity: 1033
Merit: 1005
Only have 1m coins so I'm not a large stakeholder but I'll support whatever Tranz says.  Will also put .01 into a buy order for support on Cryptopia.
newbie
Activity: 34
Merit: 0
Is it normal that my wallet is not syncing at all?
legendary
Activity: 1288
Merit: 1000
CRYPTO-CITY.COM 🌟 Communities
Final parameters:
PoW Algo: Scrypt
PoW + PoS blockchain 33:67 %
Independent PoS and PoW retarget
3 minutes stake spacing
6 minutes PoW spacing
Final block spacing 2 min
Balanced PoW blocks and stakes weighting
Min stake interval 5 days, max 20
Max PoS block reward 100
PoW reward 10
Max PoS percentage 360%
Swap rate 10 CAP = 1 CAPP
Premine ~20M or 10% from max supply.
Max yearly new PoS coins - 17.5M
real PoS rate:
1st year 87%
2nd year 43%
3 - 30

PS. And as Ferengi I want 5% from premine to myself  Roll Eyes

If you want new coin CAPP, please withdraw yours CAP from
https://tradesatoshi.com/ and https://novaexchange.com/ as soon as possible.

Did we get the green light from Cryptopia?
hero member
Activity: 982
Merit: 517
Nature decays, but Latinum lasts forever. RoA:102
Final parameters:
PoW Algo: Scrypt
PoW + PoS blockchain 33:67 %
Independent PoS and PoW retarget
3 minutes stake spacing
6 minutes PoW spacing
Final block spacing 2 min
Balanced PoW blocks and stakes weighting
Min stake interval 5 days, max 20
Max PoS block reward 100
PoW reward 10
Max PoS percentage 360%
Swap rate 10 CAP = 1 CAPP
Premine ~20M or 10% from max supply.
Max yearly new PoS coins - 17.5M
real PoS rate:
1st year 87%
2nd year 43%
3 - 30

PS. And as Ferengi I want 5% from premine to myself  Roll Eyes

If you want new coin CAPP, please withdraw yours CAP from
https://tradesatoshi.com/ and https://novaexchange.com/ as soon as possible.
legendary
Activity: 1288
Merit: 1000
CRYPTO-CITY.COM 🌟 Communities
New topic already started: https://bitcointalksearch.org/topic/ann-caps-bottlecapsplus-powpos-high-protected-coin-2329756
But I change later some parameters.
It will be SCIFI clone with some changes. SCIFI - fork from recent NVC
Coin swap very easy, after start I send premine to all old CAP addresses (see BUK swap)
User just put old CAP wallet.dat to new directory and start CAPP

But first I need obtain consent from Cryptopia.

@tranz and Vampirus. So, it's official we are going with this then? If so, I'll add CAPP to Crypto-city as well.

Its not my decision. We need to hear from a few of the larger stake holders.   But based on the discussion so far with Vampirus. I have not objections.

Sounds good.
legendary
Activity: 1540
Merit: 1060
May the force bit with you.
New topic already started: https://bitcointalksearch.org/topic/ann-caps-bottlecapsplus-powpos-high-protected-coin-2329756
But I change later some parameters.
It will be SCIFI clone with some changes. SCIFI - fork from recent NVC
Coin swap very easy, after start I send premine to all old CAP addresses (see BUK swap)
User just put old CAP wallet.dat to new directory and start CAPP

But first I need obtain consent from Cryptopia.

@tranz and Vampirus. So, it's official we are going with this then? If so, I'll add CAPP to Crypto-city as well.

Its not my decision. We need to hear from a few of the larger stake holders.   But based on the discussion so far with Vampirus. I have not objections.
legendary
Activity: 1288
Merit: 1000
CRYPTO-CITY.COM 🌟 Communities
New topic already started: https://bitcointalksearch.org/topic/ann-caps-bottlecapsplus-powpos-high-protected-coin-2329756
But I change later some parameters.
It will be SCIFI clone with some changes. SCIFI - fork from recent NVC
Coin swap very easy, after start I send premine to all old CAP addresses (see BUK swap)
User just put old CAP wallet.dat to new directory and start CAPP

But first I need obtain consent from Cryptopia.

@tranz and Vampirus. So, it's official we are going with this then? If so, I'll add CAPP to Crypto-city as well.
hero member
Activity: 982
Merit: 517
Nature decays, but Latinum lasts forever. RoA:102
I can give checkpoint private key to ReydeApio.
I have my own special algo to limit flash mining:
Code:
if(nActualSpacing < 0)  //
    {
        nActualSpacing = 0;
    }
    if(nActualSpacing > nTargetTimespan / 3) //retarget -40% maximum
    {
        nActualSpacing = nTargetTimespan / 3;
    }
    else if(nActualSpacing < nStakeTargetSpacing / 3)  //instamine protection, retarget +7% maximum
    {
        nActualSpacing *= 4;
        nActualSpacing -= nStakeTargetSpacing;
    }
legendary
Activity: 1540
Merit: 1060
May the force bit with you.
Max PoS block reward of 100 maybe too low. - it if swap rate 10 to 1
I think make hybrid PoS+PoW 1:1 or 2:1
PoW reward 10
Max PoS percentage 360%
If have big max PoS reward, difficulty will be low and easy 51% attacked.
Checkpoint server run on my home computer 24/7 for BUK2 and SCIFI and also will start for CAPP.
Min stake interval 5 days, max 20 (if make 30-60 days - easy for attacker to accumulate PoS weight)

current SCIFI coin parameters:
* PoW Algo: Scrypt
* PoW + PoS blockchain 50:50 %
* 3 minutes stake spacing
* 3 minutes PoW spacing
* Final block spacing 1.5 min
* Balanced PoW blocks and stakes weighting
* 100% yearly interest PoS
* PoW reward is 10 coins
* PoS max reward is 100 coins
* 10 days minimum stake interval, 30 days for full weight
* Maximum coin supply 175M
* Coin maturity: 100 Blocks
* PPC type re-targeting (100 blocks window)
* Max time drift 3 min



2:1 PoW is good. But still have try to limit flash mining. 
I agree keep max under 30 for sure, 20 sounds fine. but min can go lower then 5, but 5 is ok.
ReydeApio was willing to run the CP Server from a dedicated VPS.  If he will still agree for CAPP we might see if that is option.  VPS can withstand flood attack if someone figures out where the CP Server is located. 
With dedicated CP Server, there is little ability to attack.
hero member
Activity: 982
Merit: 517
Nature decays, but Latinum lasts forever. RoA:102
Max PoS block reward of 100 maybe too low. - it if swap rate 10 to 1
I think make hybrid PoS+PoW 1:1 or 2:1
PoW reward 10
Max PoS percentage 360%
If have big max PoS reward, difficulty will be low and easy 51% attacked.
Checkpoint server run on my home computer 24/7 for BUK2 and SCIFI and also will start for CAPP.
Min stake interval 5 days, max 20 (if make 30-60 days - easy for attacker to accumulate PoS weight)

current SCIFI coin parameters:
* PoW Algo: Scrypt
* PoW + PoS blockchain 50:50 %
* 3 minutes stake spacing
* 3 minutes PoW spacing
* Final block spacing 1.5 min
* Balanced PoW blocks and stakes weighting
* 100% yearly interest PoS
* PoW reward is 10 coins
* PoS max reward is 100 coins
* 10 days minimum stake interval, 30 days for full weight
* Maximum coin supply 175M
* Coin maturity: 100 Blocks
* PPC type re-targeting (100 blocks window)
* Max time drift 3 min

legendary
Activity: 1540
Merit: 1060
May the force bit with you.
New topic already started: https://bitcointalksearch.org/topic/ann-caps-bottlecapsplus-powpos-high-protected-coin-2329756
But I change later some parameters.
It will be SCIFI clone with some changes. SCIFI - fork from recent NVC
Coin swap very easy, after start I send premine to all old CAP addresses (see BUK swap)
User just put old CAP wallet.dat to new directory and start CAPP

But first I need obtain consent from Cryptopia.


So I think some of these need discussed with the community before they are set in stone, errr code.

Quote
Some parameters:
Block time 2 min
Min stake interval 10 days, max 30
Max PoS block reward 100
PoW reward 1 (need for start chain, stop after 1 month.)
Max PoS percentage 500%
Swap rate 10 CAP = 1 CAPP
Premine ~20M or 10% from max supply.
Max yearly new coins - 26M
real PoS rate:
1st year 100%
2nd year 50%
3 - 33
4 - 25


My opinions:
Block time is good
Min Stake, might as well make it one day. Just be sure to change nModifierInterval  to allow for it
Max PoS block reward of 100 maybe too low. I am ok with it, not sure how others feel about it?
Pow only at first block? So not a hybrid?  I actually like how HBN is doing POW and POS. It forces POW to only come after a POS block. Prevents flash mining but still allows for people to get in with no cash.
Swap rate seems ok.. How do others feel?
I assume the PoS Rate is just based on number of coins and the reward cap hitting more often, but the base rate doens't change.

Do you plan on running checkpoint server. I think this is important to know.
hero member
Activity: 994
Merit: 500
Cryptopia stop CAP trading 11 days ago.

yes, I know my coins are stuck Smiley

https://tradesatoshi.com/Exchange/?market=CAP_BTC

is the only other exchange that caps is on that I know of. Any others?
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