Topic: EUROPECOIN [ERC] 🌟 FINANCECLOUD 🌟 CRYPTOCURRENY & FINANCE API + SMARTHUB 🌟 - page 154. (Read 543135 times)

i dont know abilities of the code u gona use
as far as i understand it can POW no POS and it have a lock coins mechanic where after a timeframe u get back coins with a lock reward
based on this my brainstorming coin spec design

actual coins below 100 millions
aim max coins 384 millions
expected coins locked in max duration (12 months) 50%
desired coin rollout time over 10 years
blocktime 5 min

POW reward flat 50 ERC each POW block
= 14400 a day = ~ 5 million a year

POW coins generated the first 10 years

year 0 100+5 = 105
year 1 105+5 = 110
year 2 110+5 = 115
year 3 115+5 = 120
year 4 120+5 = 125
year 5 125+5 = 130
year 6 130+5 = 135
year 7 135+5 = 140
year 8 140+5 = 145
year 9 145+5 = 150

expect 50% of coins locked max duration 12 month
reward 10%

year 0 100+5 = 105+(105*0.5*0.1)
year 1 110+5 = 115+(115*0.5*0.1)
year 2 121+5 = 126+(126*0.5*0.1)
year 3 132+5 = 137+(137*0.5*0.1)
year 4 144+5 = 149+(149*0.5*0.1)
year 5 156+5 = 161+(161*0.5*0.1)
year 6 169+5 = 174+(174*0.5*0.1)
year 7 182+5 = 187+(187*0.5*0.1)
year 8 196+5 = 201+(201*0.5*0.1)
year 9 211+5 = 216+(216*0.5*0.1)

so u have around 225 millions total coins after 10 years
after this 10 years main coin rollout phase i would implement a drastic reduction of rewards

if this project is not in a state that beside coin rollout income other aspects create demand after 10 years then anyway it failed

just a quick brainstorming

and to avoid being playball of mining multipools and heavy jumping mining blocktimes u need to choose a rare mining algo

or u choose a heavy used algo but merge mining then so the mining hashrate stability come from stability hashrate on the algo main coin

intersting people with lot knowledge regadring merged mining coin family is the blakecoin merged mining algo family

---------

btw if someone interested in DMD too
dont miss our 3rd birthday event
https://bitcointalksearch.org/topic/m.15324861
and the cloudmining promotion
https://bit.diamonds/community/index.php/topic,148.0.html

Hy my friends,

MAC Wallet for V 2.030 ist out,

get it here:
http://www.europecoin.eu.org/europecoin-wallet-download/category/1-europecoin-wallet

have fun
Matthias 


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Hi Matthias,

I like the combination of POW and POS.

I am certainly not an expert, but it seems that POW is using much more power (Kwh) than POS.

What do you mean by:

"we will keep the total coins" ?

And how is that achieved ?

Jerry

Though i like the savings plus POW approach, i think we (hope so) agree in the most important points:

1) we will not change distribution Speed in a fundamental way
2) we will keep pow low, VERY low (you may suggest numbers, if you like)
3) we will keep the total coins
4) we keep mining reward under savings reward
5) saving about equal to POS rewards (perhaps slightly lees)

This would be very low distribution for a POW coin, but may be slightly higher then at 5%
I would like to see People who are using the savings option are earning about nearly the same as they did by staking and
Miners to earn slightly less then that.

can you imagine to like this approach?
If i get a clear "no we don't like it" from the community, i will cancel this immediately.
(for example at least 5/6 people give their statement and most of them are disliking the approach)
I am not up to decide against my supporters, but I need to get clear statements
and i need them within a week from now, to be able to continue. If i had to cancel,
we would have to find a new concept, but that's what we would do then.
(also here: suggest and take part, its not my coin, its ours)

another aspect:
Though i have an idea about the outcome in my mind,
i also know, this approach has the potential, to surprise us all (in both directions).
But we can afford to be experimental, this coin wouldn't be alive, if we wouldn't have been experimental all  the time.
Keep in mind: If this idea would turn out to be a bad idea, we would not be helpless and watch our coin decline.
Over a year has passed and we worked hart to get to know our coin and its code.
We are in control of its nature and would certainly react and change it again, if we don't like the outcome.

Because we keep moving and we will not stop rocking this coin, the story has just begun

have fun
Matthias 



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u mean multipool mining yes

thats why DMD run a own multipool since ages and promote mine there always above mine DMD direct

we use hybrid POS/POS for security  reasons but we keep POW rewards very small just 0.2 DMD each 100 sec

a well set up hybrid coin doesnt need much hashrate or many miners to be secure

/Agree

on another point, why is the staking reward so high now? read something about an increase, so that means that the total coin supply has been increased aswell?  whats the new speccs then? and since i downloaded new wallet only got 4 connections, is that only because not that many installed the new wallet yet? and do i have to have the new wallet right now for everything to work properly? (in that case an hint about the upd being mandatory would be great so i can help some others upd to latest one asap)  

Very well stated. I would add that merge mining creates buying pressure
because those mining want the payout in ERC.But straight miners, mine the
most profitable coin to sell quickly.

i think u missunderstand the nature of POW mining as most people see it

mine altcoins is just a way to earn BTC

this means a high percentage of POW coin rollout is direct sell pressure

the nature of POS that coins produce coins give buy coins and stake coins sense

and there is absolute nothing wrong with a codebase that forked from bitcoin 0.8x

it can pretty easy be upgraded to 0.9x too (and be honest what bitcoin ability that 0.9x didnt have already u need for ERC u will find none)

a codetree reach sooner or later a state where he is so different from bitcoin base that it have to be seen as a own tree

and that is true for PPC/NVC tree which all the POW/POS hybrid coins are based on


if u go POW the best advice i can give u is to make the POW coinrollout as low as possible

trust me 95% of POW miners dont care for the coin just the BTC they can sell the coin for

and ERC is not in a state to counter that constant sellpressure

to have more different people involved at ERC POW mining isnt helping at all

what u need is investors not miners

investors buy miners sell

its that easy

Simple thing (and the full, honest explanation):

Our POS is running because of a workaround, that can't stay like this.
This is the initial reason, why we began to thing about a core upgrade.
But core of every POS coin is old fashioned, mostly forked from Bitcoin 0.8
and there are some minor thoughts like

If you are honest, as soon as the wallet works, this thread is DEAD and the
trades, still made by me from time to time are also DEAD. POS users, as long as staking works,
are doing something else, but not taking part and its their freaking right do do so, i am happy about my longterm supporters.
But there is no chance to get an active community with this approach. If an approach doesn't work, its not the community, thats wrong,
it is the approach that is wrong and it has to be rethought.
That is nothing to complain about for me,everything has its place.
But EUROPECOIN need at least SOME new direction, or it bankrupts me, before we reach any goal.
And I will make it succeed even if its the last thing i do.

At the same time i see POW Coins always having rumors, created by their mining community.
I am motivated like never before, so this there is not frustration, but if the coin doesn't take off,
I am the one that has to try harder, to change that.
And if it doesn't take off for ages, i also have to try something different

"always doing the same thing over and over again and expecting a different outcome is the true insanity" (Albert Einstein).

I like Hodl, because it is an alternative interesting option, to still give our staking community something that has a quite similar "look and feel" like staking has.
To be honest, i am feeling the same as many of you now, i feel a bit frightened to leave a path i was used to, but exactly this is my job now.
Not changing a non working concept, because of fear for the future is the approach for true loosers.
So its not us  

So its this combination of technical problems with the current wallet and my thoughts, i just described,
that are making me think about taking this approach
the world is made for the brave ones
wish us all luck
Matthias


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Helmut, we apologize this missing important point in our ANN. We even couldnt know, how important this point could be. Like Matthias told, its only a intermediate step for our big updates. I think, Matthias only found this not so interesting. 

But our dev is hardworking on a cleanup and we are very thankful to have him. God praise Chris! 
So, our next update will be prepared tons better.

Greetz
Steve

Sorry ..matt has it forgot... i think.

https://github.com/EuropecoinEUORG/EuropecoinV2/releases

and sad to throw away POS the automated split AND merge of coin pile is working in actual implementation
which means ERC is a zero micromamangement 24/7 staking POS coingenerator

im really not sure throw this away is the best decision

i would focus on services and apps and not touch the core

the only thing that was missing is active staking wallets and POS difficulty for security

the network have now much better POS competition and security that before

the last few security flaws could be easy solved by implement a easy rule that the same address that did mint the last block is not allowed to mint the following block too

then all double spend attacks with hoard lot coinpile for max age are pretty much countered

at the moment im the wallet who produce most blocks
and since i switched to the new wallet version im pretty sure the new generated POS blocks stay accepted

such "unimportant" info like POS rewards are increased by over 40% ( 5 -> 8 )  
u shouldnt only hand out only on request

please in the future add a changelog to new release so we know what changed

I had 5 rejected 'awards'.

The current has 39 confirmations.. Fingers crossed that this one is accepted...

Same here. Rewards end up with the message "Generated but not accepted".

Yes the new reward is 8 % p.a.

Hi That's what i found out also.

But after approx 30 confimations, my rewards are rejected.

hmmm with the new wallet i seem to get much more POS income (higher POS rewards)
u changes something?
or just the first round of coin age is higher after the fix?

New installer with version 2.0.3.0

https://dl.dropboxusercontent.com/u/21000833/ERC/Output/Europecoin_Installer_2.0.3.0.exe

Best Regards Chris