Topic: CoExistCoin Blockchain tech to Empower the less fortunate - page 26. (Read 127752 times)

Majority of the people who participate in the poll wants to eliminate the proof of works,if this wins we will see Coexist as a full proof of stakes coin,so no need a mining pool to mine Coexist.

Pool??
Any Pool to mine this coin ?

personally I still think X11 is fine. Quark is interesting but I can see some issues with speed there. 

Going over options for next step for CoExistCoin. Our current source is buggy and will require work. It's fine. X11 algorithm is still a good algo to use. When all is working good our transactions are amongst the fastest out there. If we update current code no coin swap is required, but it means yet another fork in blockchain.

If we choose to completely re write with a new algo and unique code for coxst, then a coin swap will be required.
I'm not the biggest fan of this but the positives would be a new clean blockchain and we could eliminate gpu asic mining. (Although if we keep X11 and allow gpu mining it means more fees to charity) Another positive it would eliminate all burned coins to in the total amount of COXST shown on most stats sites.

Regardless of which direction we go the main focus will be using COXST as currency that helps the less fortunate in humanity. Half of pow mining will go to foundation fund. Small fees in pos staking and a small bump in tx fees will go to 1 wallet address that is a paper wallet. That will be open and posted for all to see.

I value everyone's input on this. Is there an algo you like??
This will be a major change but for what our goal is it is an important one. I really want to get this perfect.

Thank you always,

Phil Lima

Sounds great!

That's was my thinking. Year 5. Mode permently. Until quantam computers come along and wreck Bitcoin and crypto, we should be ok lol

From an investors view, this looks small enough not affect the price much.
You could do year 5-mode permanently too.

144 daily is not enough to send it down any noticeable amount.

Id say anything under 300 cant hurt the price.

if people will understand what is the real intention and miners will help to build good value for this coin allowing the price to stay and make some good position to attract more investors i think this plan from phil will make a good return for all of us who support this project.

This is what I propose in the POW

For 1 year  = .1 coxst every 5 mins = 28.8 coxst a day. 14.4 coxst to miners. 14.4 to fund. Possible daily dump =14

Year 2 = .25 coxst every 5 mins = 72 coxst a day. 36 to miners 36 to fund. Possible daily dump =36

Year 3 = .5 coxst every 5 mins = 144 per day. 72 to miners 72 to fund. Possible daily dump =72

Year 4 = .75 coxst every 5 mins = 216 per day. 108 to miners 108 to fund. Possible daily dump =104

Year 5 = 1 coxst every 5 mins = 288 per day. 144 to miners 144 to fund. Possible daily dump = 144

It will cap there. I woud say during that time the value would rise and people would rather hold on.

Same to me I will wait for the next update,before buying in ,but the news that Phil will soon caome back to take care of the hardfork is a good thing,maybe that's the reason for the sudden price increase.

Going up again?
That would not inspire me to buy and hold ... if i know eventually it will go back to daily big bleeds

Sooo .1 per pow block for 6 months. Then .25 and so on. 

Sounds right to me. Raising it over 100 and then it slowly being dropped by auto sell miners is disheartening.

Slashing the pow reward would be the same as pos, if slashed enough.

We just want to cut the BIG red daily numbers.

POW at 1 min keeps the speed of transactions quick but the blocks keep adding up

Back to work on this. I keep going back to the security of a currency being stricly pos. We have seen attacks on them and causing problems.

I am inquiring to see if there is a possibilty that POW and POS stake times could be different. I propose POW going to .25 COXST every 5 mins. That would be 72 COXST a day for a year. BUT 50% of that goes directly to the CoExistCoin foundation fund. Then it goes up to .5 in two years with the same 50% of that going to the foundation. This would increment .5 up every year and cap off at 5 but 50% fee goes to foundation. Foundation funds is controlled by foundation members. Not a single person IE me.


Thoughts??

I agree,all the other coins are going this way,it's time for us to shift to full pos,the only way to do that is hardfork
i don't want to see Coexist going down to 20 sats,will be hard for the community if this happen.

I have only one wish when u have time phil.

Make a hardfork and pure POS before it bleeds out all value.
Then we can start sending it to space

i just wanted to support this coin,
i include this coin on my pinned post of my FB group of altcoin enthusiasts:  https://www.facebook.com/groups/bitearners/

long live COXST!

Thanks buddy!