Topic: Bottlecaps 2.1 UPDATE REQUIRED - HARDFORK JULY 4 2014 to 200% Annual PoS - page 44. (Read 388610 times)

I'm not looking for any of the above changes but maybe if you setup yes/no voting addresses CAP's holders can send some cap to vote. If you can get some 'yes' votes that carry the weight of the address sending the vote maybe there is some interest in the community.

I came to crypto through mining and have always appreciated the notion that anyone with a machine fast enough to play most modern AAA games can setup a Scrypt miner and attempt to grab some blocks. I dont see the flash mining in conjunction with Coinmarketcap rankings as an issue with CAPs and the solution around alternating between PoW and PoS that's been going on in HBN is an interesting solution to flash mining.

I'm having difficulty seeing the upside of removal of max CAPs per block cap, and PoW.

With PoS only the argument by luminaries remains 'Rich get richer' https://youtu.be/3W_3AQrQEOM?t=130 I've seen days where multiple large addresses are staking, and driving down the percentage, when a miner comes in and swipes most of the next 100 blocks - always makes me smile. The variable stake has kept the percentages well below 200% in the past year and like the richlist of most other PoW/PoS coins there is a noticeable pareto distribution.

What would the supply look like if we had a fixed 200%? 2x - 3x higher? What's the theoretical market cap of 386,208,048 - 579,312,072 Million CAPs circulating? I'm not sure making the growth Bottlecaps easier benefits the currency in any game theory scenario.

The uncapping of stake makes sense if there is a shift of staking into tiers - e.g, a 'master node' locks down 100k caps and stakes at x% every y# days with no max, a regular wallets stake less at shorter intervals with a max.

A little crypto-Bikeshedding is fun but with nobody helping Tranz code, nothing changes.

just a thought 

CAP with 50% = PHS - not very popular.
CAP with max pos reward = HYP - very popular.
No max PoS reward = not match blocks an little difficulty = ease fork and double spend.

I like mining caps.
maybe reduce % to 50% or even 25% ??
and get rid of max pos reward.

CAP need hardfork.
1. Reduce max PoS reward from 1000 to 500 to reduce inflation.
2. Fix PoS rate to 200% instead of floating rate as now 1-200%
3. Change retarget rules to prevent percentage cheating.
4. Remove PoW mining.

If all agree, I can take over code development.

# coin: bottlecaps
addnode=62.210.122.161
addnode=82.200.205.30
addnode=118.102.74.85
addnode=85.25.197.148
addnode=188.165.235.208
addnode=185.57.31.152
addnode=5.103.138.97
addnode=24.178.175.192
addnode=188.241.58.126
addnode=74.118.192.18
addnode=62.64.86.44
addnode=69.181.165.105
addnode=212.92.104.85
addnode=69.197.188.186
addnode=99.237.62.103
addnode=212.237.21.74


HTH.

can someone provide a bootstrap or active nodes? Thanks!

Right... it only goes up if you set the threshold higher after your balance goes up.  It does not go up automatically.

What threshold you put in, it just gives you a different one. Someone mentioned that the threshold goes up as the amount you have goes up.

And after every stake... because it'll increase your max threshold.

Thanks for the correction.

Which isn't going to help with Bottlecaps.

From memory the relevant switches in Bottlecaps are splitthreshold and combinethreshold.
The limits of these depend on where they are set, which is slightly mad.
In the .conf or command line the max is (IIRC) 200/400 whilst via the RPC is walletbalance/500 and walletbalance/250 respectively.
So to set these to maximum you would need to type into the debug window,

splitthreshold 9999999999

and

combinethreshold 9999999999

And repeat every time you restart the wallet. Alternatively you could have a script that sends the RPC commands at start up.

Try putting splitstaketheshold=7500 into .conf file

I would agree... but 2500 would be an improvement over what it is now... 5000 or 7500 would be great...  automation of everything leaves people, myself included, to just leave the wallet open all the time.

Nice. Considering the total number of coins the split treshold should be atleast 7500 for bottlecaps. This small change would make it much easier to stake. Hope Tranz have some time for caps soon. 

Tranz made a change in HBN to make the split threshold to 2500.  Let's hope he does the same for cap...

I AGREE 100%. Big blocks that stake quickly but, not too big that you exceed the CAPs max. reward.
10,000 to 12,000 CAP blocks are a good size because if you forget to open when the block matures, the
extra couple days should not put you over the max. reward.

Don't forget that when you get a reward, it splits the block.
A 12,000 CAP block becomes 2 - 6,000 CAP blocks (plus the POS).
You need to combine blocks using coin control after they split to
get ready for the next time.

Since the bottlecaps wallet requires a lot of resources it is probably best for most people to stake in a limited period of time. My strategy is to stake only once every 15-17 days. If you want to do this the inputs should be large, but not to large to avoid the 1000 coin cap. I get rewards from 500-800 coins this way.

I like this demand driven change in the PoS rate. I don't understand what happened over at TEK 100%, but since I'm assuming that more CAP'pers leave their wallets open to stake since they have more blocks due to the max block reward in place, this has been a gradual versus sporadic thing in CAP. For example, I got a 40% TEK stake recently after getting around 20% stakes on the 31st, and now there are reports of a 5% one, but I don't know how true that is. I think TEK should probably move over to a max block reward of some sort like CAP since it will only make the network stronger and any rate changes smoother for wallets to be open as often as possible.