Topic: [LOGIC] Logicoin | Decentralized Anonymous Smart Contracts | Blockchain Tech - page 7. (Read 117199 times)

Lets be real here mate. I'm dev of neither of those coins and have 0 direction over where they go but lets look at some facts.

Quarkbar total coins 15million something. Original Dev hid a premine larger than QB's Max Coins.
Frycoin started off strong but experienced some copyright issue's. Their dev has essentially done nothing for the coin beyond release it and was then quick to hand over control to the CRF for which it is internally considered nothing more than a test coin.

I have a vested intrest in pulse being that I was there and helped come up with the original paramaters. Obfuscode did the coding which is why he has control over which coins it gets implemented in first. I maybe involved with the CRF but beyond retweeting a few things they have done nothing at all for Logicoin . In reality Logicoin is a much stronger coin than both Quarkbar and Frycoin. I find it insulting that you think I would blindly lead my coin in "that direction".

I apologise for my shitty PR skills but I have and will continue to be commited to the development of Logicoin despite the criticism I have recieved. 99% of "devs" release a coin and then run huge PR campaigns without actually developing anything at all, I've taken the opposite route which has clearly been to my detriment. The one thing you can be sure of is that I will not make empty promises or release whitepapers with plans that never come to fruition. Everything I've promised is coming; albeit a little later than I had hoped for reasons that are mostly out of my control.

I fully understand the price isn't where some of you would like it to be and trust me when I tell you that your concerns stress me out and I have lost sleep over this but in the end there is not a whole lot I can do about that.

Yeah still voting

Not before i move my rig off Logicoin to the multipool if i can get more Logicoin that way, if everyone thinks the same at the same time then Logicoin network = gone while Pow. You also assume there is going to be more than the average around .75 bitcoin buy pressure as on polo at the moment.All the activity and announcements by the dev with regard to Pulse etc have failed to increase volume of trades materially in any way so far!Pulse is also announced to be trialled on Frycoin, to be used by Quarkbar and Logicoin, so not much exclusivity there for Logicoin - Perhaps the dev needs to decide which coin is number one priority and concentrate on Logicoin with a Pulse 6 month exclusivity, Pulse version 1 should not then opensourced until refinements are made and version 2 is implemented, that way Logicoin will always be the market leader for Pulse implementation

Just a pre bedtime ramble, apologies

Bad idea to create multipool if coin is POW.

Logicoin Multipool- will this pull people from mining Logicoin onto mining the Multipool if Logicoin will not be Pos ?

Looks like a good coin, just 10Million coins and price that low?

In the meantime I've had a look at MultiLogic and the problem is seeds. It seems my provider closed down my VPS account without making any backups so my dnsseed went down. I'm working on getting it back up but if anyone's able to provide or host a backup please PM me.

I've added 4 additional seeds but they should be considered temporary for the time being. I also updated the checkpoint file so on first run you will automatically be at block 120,000. Ticker also changed to LOGIC.


Windows Download - https://mega.co.nz/#!QkRGELza!FEFLFvljW17nb9Fnaody7qX2sqQIM3tnibqI1yyUb3c

Linux Download - https://mega.co.nz/#!A5xQjLyI!R86OzDoVXEJ4peL0n3TD-x44SJMZLqUs8oeRYo-6JQY

Mac OSX - Sorry Guys I lost access to my OSX Virtual Machine so can't build the DMG file until I get that sorted out. I have Multilogic.app so if anyone wants to try and package it up for the OSX guys please let me know.

If for some reason you wish to build from source you can do so with the following repo's.

MultiLogic - https://github.com/Logicoin/multilogic

Logicoinj-10.3-MB-ALICE - https://github.com/Logicoin/logicoinj-alice

You must use Logicoinj-Alice if building Multilogic as serialization is outdated and needs fixing.

Cheers. I'll have a look at this and get it fixed.

LGC goes POS? ( i saw on wallet screenshot)

I have the same thing. it is a tiny issue.

Btw. multilogic is dead for good?

Unless the interest rate is ridiculously high (> 7% annually), whatever coins in circulation would take a over a decade to double again.  Hence, the first 4 months would produce X number of coins, and then it would take at least a decade to make that many more again. 

Now I don't actually know what the planned PoS interest structure is for this coin, but if it's too high, then it promotes only hoarding.  With only one exchange, you really don't want to take away one of the only other means of acquiring the coin. 

Now I'll also agree that the halving rate is really quick on this coin as is, so it isn't like there is a ton of traditional mining left to do, so the argument is kind of pointless to make either way, but the above statements about changing a mined coin to full PoS stand just because the end result is a distribution like I mentioned above where early adopters hold an inordinate amount of power over the price and liquidity of the coin. 

Well, you sound defensive.  If your attacks against my statements are reliant upon debating the loose use of the word "always" then you are stretching.  I meant that since Blackcoin skyrocketed, there have been so many full PoS coins and other coins clamoring to go full PoS, and it's usually led by a minority of the coin community who happen to hold a majority of the current coins in circulation.  Hence, they stand to gain the most from full PoS as they are effectively the gatekeepers to most current and future coins without them having to worry about losing out to increased mining interest.  

PoS is not in its infancy.  In cryto-terms, it's old as could be and originated with Peercoin which almost every PoS coin borrows heavily from.  It will be two years old next month.  Full PoS is relatively new, but so saturated in the marketplace at this point that switching to it does nothing from a demand standpoint.  

There are always a vocal minority of majority bagholders that want full PoS because they believe it increases the value of their bag.  It has nothing to do with anything else besides the mistaken belief that somehow limiting supply increases demand.

It does not.  All it does is drive away miners which are the major source of liquidity in a nascent coin that doesn't have much use in the marketplace. 

Reward change: NO!
PoS: NO!
Marketing: YES
Changes: YES

We don't need changes in the coin core - we just need more publicity, get more attention around the Coin. Dirty tricks will only make us look weak, that the initial plan is not working - it's not good. Multipool that works solid might be a good idea it could increase the price, but it would have no use without newcomers. Just stay on track and all will be well.

We need 2 things now:
1) Publicity
2) Price increase

One will support the other, then when you implement you major plans in to the coin - is should go UP.

I don't like PoS either but the supporters have been very vocal and my inbox is essentially full of "lets go pos". Doesn't hurt to get the public opinion.

Tor is step 1 in anonymity and I do have a build with full tor integration running but I need to find a more elegant way of letting onion nodes and normal nodes communicate. Tor and pulse should compliment each other and situate us nicely for widespread merchant adaption.

I do not like the PoS idea as there are too many out there. We are too late in PoS and we need a multipool to support the price if LGC has no daily use.

The new feature I would like is the anonymity. That would be complementary to BTC. So there will be many uses for that.

This is the kind of feedback I'm looking for. I only mention changing subsidy as a temporary stop gap, once Pulse is fully implemented we will get a new subsidy to go along with it.

I've had pulse running in a private testnet for the better part of two weeks now and its all looking good but I have to respect obfuscode's wishes and wait till he comes back from HOPE before I can progress any further with implementing it for a public test.

I've been away from the scene for a little while and have recieved alot of pressure to go Proof of Stake. The question I'd like to put to you guys is that if going PoS meant a coin swap would you still be willing to look at that as an option? The coin swap could be handled in multiple ways to ensure everyone gets their coins but still its not at all my prefered option.

I agree with the above comments.

I do not agree with changing the block reward hastily.

We can make the 6.25 reward lasting longer than a month and wait for the new features. This will not devalue the existing LGC  and will not reduce the difficulty too much.

There is no time to hard fork the chain to implement that if we want to give 2~3 weeks notice. So the new implementation can happen after 3.125 block reward.

I would suggest making the block reward 0.1 when the reward is supposed to be below .1 after halving. A little bit inflation is healthy to compensate the loss of coins and economy growth.

We need to find use for the coins, otherwise it has no value whatever we do to the coin itself. However, if we make the coins attractive, we may find use for the coins. It is cyclical.

I am not sure about this change. You should implement it very carefully. Or may be you should not at all.
Now reward is 6.25 and have transparent schedule of changing.
You want to increase it 3 times at once (to 20), increase inflation 3 times - what is a point?
And if hashrate start to increase - reward will be halfed. This is incomprehensible for common miners.
Multipools don't care - they have automated algorithms. All coins are in the same boat regarding to multipools.
I think every stable coin shoud touch block reward and inflation changes only in special cases - we have not such situation.
Look at vertcoin - price has fallen 10 times, but devs (and vertcoin has authoritative devs) don't hurry to change inflation in spite of bugholders weeping.

Logicoin.info please think carefully about this moment.

upd: at least don't implement this dirty fix while waiting for pulse.
Pulse is new technology and can attract new miners and investors, but dirty fix is just... dirty

Like the new wallet, nice to hear from you again,hope holidays were good .
Plans listed above are interesting, not sure about the subsidy though-pretty sure it will invite multipools to come mine and dump, also with a hard limit on the diff/reward settings once diff reached towards 50 (if only) multipools would be able to time their mining around this diff limit and exploit it

I guess it all depends on what your aim is with the subsidy (hard fork ?) as it will most certainly drive down current coin pricing -  and the plans for the coin after subsidy/6 month mining plan as on opening page(hard fork?)
i have always wondered if there was a way to relate coin mining diff/coin reward per block to current coin price through the pow phase of a coins distribution to discourage multipools or always make logicoin mining a slightly lower profit than the other most profitable x11 coins say 2%-5% less with a dynamic diff/block coin reward and make the difference up with a 2%-5% annual stake in the wallet

There are some pretty big logicoin holders according to logicoin blockchain explorer and i am sure they will have some input about the subsidy