Topic: Bottlecaps 2.1 UPDATE REQUIRED - HARDFORK JULY 4 2014 to 200% Annual PoS - page 58. (Read 388610 times)

I tried deleting everything except the wallet.dat and the bottlecaps.conf.  For one I cannot delete everything else, it won't let me, and two, even after I delete the other other stuff, it just pops right back up after I reopen the folder.

I did a clean install and a full blockchain re-sync a few days back. Saved wallet.dat and peerlist.dat elsewhere (regularly backing up wallet.dat of course) deleted all other files from my caps appdata roaming folder then I copied the initial two files, wallet.dat and peerlist.dat, back over and two days later the whole thing was downloaded and synced up.

Are you getting any errors?

How in God's name do I get the wallet to sync?  I shouldn't have to be a C++programmer to get this stupid thing to work.  I am moving files every which way, the wallet.dat, the bottlecaps.conf.  By the time this is over I won't have any hair left.  It shouldn't be this complicated.  Every altcoin out there has a wallet with a simple interface.

Thank you kind sir!

thanks for the infos

Tokens based on the work of Scott Nadal and Sunny King have 'limits' in name only.

Unlike BTC and LTC, BottleCaps do not have a hard limit on the number of tokens; this is by design to support growth of the user base. The maximum annual rate of 200% and maximum reward per block of 1000 CAPs controls the number of BottleCaps in circulation. Additionally, there is the standard deflationary aspect to BottleCaps as transaction fees paid to the network are destroyed. This along with increased energy efficiency, when contrasted with BottleCaps Proof of Work mining, allows for for greater long-term scalability.

It's unlimited like many other coins. CAP inflation will get lower and lower over time though, that's because the daily amount of CAP generated by either POS or POW won't rise much over time. Added to that is the POS percentage which will gradually decrease over time as more and more coins are going to stake and a maximum POS reward of 1000 coins.

 

is the CAP coin supply limited or its actually unlimited?

Full and current BottleCaps blockchain available at CryptoChainer.com, for quick sync.  This is a rather large & older blockchain, and takes a while manually.

2.  Bottlecaps take 15 days for a block to mature, therefore in ideal situation you would open your wallet every 15days to sync then stake all your blocks.  Of course depending on factors like current difficulty and your block size etc your blocks will not stake the instant you open the wallet...it may take a few minutes or hours.

3.  No math.  Just unlock the wallet for POS whenever you have blocks > 15days old.  Only math you may have to do is you should keep your block size >2000 <12000

4.  Interest rate doesn't decrease over time per se.  It decreases based on difficulty and can rise and fall.  Kind of does the same thing at the end of the day.  As time moves on there will be more and more blocks competing for a stake, therefore difficulty rises and reward drops.  Last year we seemed to be ~180% so far this year I'd say the ave has been ~160%.  Some days higher some days lower.

That was a really well thought out and helpful answer.  I do have a few more questions though:
1.  When looking at your math below it looks like, the APR would be 300%, 125 every 15 days = 250 every 30 days = $3000 every year.  Is this faulty thinking?

2.  The first crypto I ever bought was reddcoin.  It delivered 5% a year.  I bought, as an example 100k reddcoins, and after staking for one year, had 5,000 more.  All I had to do was turn my computer on for a half hour every day, and the new reddcoins would be automatI call added to my account.  

3.  When I stake using bottlecaps, do I have to do any math?  For instance, with reddcoins it was really easy, turn the desktop on and stake.   If I buy bottlecaps do i have to divide or multiply anything?  Or do I just download the wallet and that's it.

4.  What kind of degrading interest rate is there?  This year it is 151%.  Is next year 75% so on and so on?


Just out of curiosity, if I placed a buy order on the sell side for 0.00000158 which would be the highest buy order, how long would it take to get filled, 1 week? 1 month 1 year?

I cannot thank you guys enough for answering my questions.  Thank you.

I'll take a swing at that explanation.

$1000 = 2.4 BTC

Buy up the sell side of Cryptopia to the tune of around 2.4 BTC you're looking at a 389058.58940353 CAP, with the last few CAPs purchased at around 0.00019000

Move that out of your Cryptopia wallet to stake in 12000 CAP blocks you're looking at 32.4 - 12k CAP blocks (This will keep you under the 1000 max reward per block).

Stake all those blocks for 15 days and at 200% and you've got around 32400 CAP (However, the network rate fluctuates and is at 151% as I type).

Problem #1: You cant immediately sell that 32400 CAP back at the price you bought the book up to - 0.00019000. Your profit would be dependent on how the book settled after you bought up all those CAP. Lets go with the prior year's average...around 0.00001000. After fees you'd have around 0.3 BTC worth of CAP stake.

2.4 BTC -> 2.7 BTC (2.4 + 0.3) ESTIMATED
$1000 -> 15 days -> $1128

Problem #2: You cant immediately flip that full amount back into BTC, the buy's just wont be there. Last year there were many days where CAP had 1,000,000 CAP change hands at or above 0.00001000.

Example:
http://coinmarketcap.com/currencies/bottlecaps/

• Click and scroll down.
• From the Charts Zoom, click 1y
• From the Charts, Observe the 24 hour volume bars (located at the bottom) for July of last year.

...that's the kind of volume you'd need to flip your CAP back into BTC on a short timeline.


Simply put - if you're in it for the short run pick a pony from the shiny and new ANN threads and try to get out of it before the music stops and you're left holding a bag of ____coin. To paraphrase Buffet "The ... Market is designed to transfer money from the Active to the Patient."

Alternatively, stretch that BTC out over a longer time horizon.

Set 2.4 BTC on the buy side of the book at the lowest value you're comfortable with and wait. People exit their position all the time and will sell into your buys - move CAPs into your staking wallet. Look for large chunks of sells you're willing to buy  (i.e, Buy that 37245.30 CAP sitting at 0.00000199). Keep that up and after fees you're looking at around 1.2 Million+ CAP. Take and stake that in blocks of less than 12k and re-evaluate your position in a few months.

If you need clarity around any of it dont hesitate to ask.

Thank you for your answer.  If I bought a thousand dollars worth of caps and staked once a day, i.e turned on my computer for an hour or two a day, what would the interest rate be like?   It's a little embarrassing, but I don't know how to compute a 1000 bottlecap reward per block into an annual percentage rate.  I want to learn though.
  Thank you.

Hi Guys,

Here are the latest bootstraps for HBN & CAP

http://www.mediafire.com/download/yfnp7ubv35h869z/HoboNickels1510_20160322.rar
http://www.mediafire.com/download/6os6mv5f36fxubh/BottleCaps2220_20160322.rar


Don't forget to make a backup of your wallet, Cheers!

I believe I had Bottlecaps QT running on my RPi1.  I absolutely have bottlecapsd running on RPi1.  I'll have a look tonight to see if I can remember what changes I had to make.  Both Hobonickels and Bottlecaps had a few things that needed tweeked to work on RPi1.

I recall a few pages back someone was detailing what they did to get one to compile but I haven't heard much since. I have a RPi on hand and I'm willing to put up 30k CAP if anyone is interested. Also have a Pine64x on the way so maybe we can loop someone in who can focus on helping share CAPs more easily across platforms. 

Hi guys, just an observation: A lot of the information on the OP is very outdated. It still have Cryptsy as the Exchange and the link for the explorer doesn't work, among other things.

On another question, is it possible to make the QT run in RP2/3?

Thanks in advance.

Both coins use network dependent stake so as much as 200% stake with BottleCaps and as much as 100% stake with HBN. You're subject to the max reward per block mentioned earlier (i.e., CAPs @ 1000 and HBN @ 250). That being said it's been awhile since I got a 1000 CAP stake.  While others may suggest otherwise you may also get some extra % out of choosing when to stake and re-organizing your blocks on occasion.

The maximum stake reward for Hobonickels is 250 coins. So if withdrawing the asset from the exchange to your wallet, do not exceed 9000 coins for every transaction, because 9000 coins roughly matches the maximum stake of 250 HBN.

To stake you have to have it in your own wallet.

No it does not have to be on all of the time, you can open the wallet like every 15 days and let it stake, and then close it.
Although Bottlecaps & HBN have the reward limit capped per staked block 300 max for HBN and 1000 coin max reward for Bottlecaps.