Topic: [LTCD] LitecoinDark.com ★ Scrypt ★ Difficulty Shield ★ Multipool ★ Fast - page 73. (Read 368578 times)

I would say anywhere from 5-15% is a good rate to encourage holding. The other thought is a higher rate for the first year, say 20%, on the theory that the first year many coins will be sitting on exchanges as short term trade and rewards the long term investors. Then lower it each year by whatever amount until it is at a rate that rewards holders but doesn't cause so much inflation that the overall value per coin isn't being reduced because of said interest rate. I would guess that there would also be transaction fees rewarded to open wallets that are minting constantly and confirming transactions. I don't how that all works, as code, but it sounds good to me.  

He is working on that, I personally do not invest in a coin for just its features, I invest in the people behind the coin.... just an fyi

Well..I would like to see 100% annually. It would help stem inflation, promote fiat investment and discourage pump and dump. The network would also be backed by fiat not just miners doing the heavy lifting. Risk/reward must be attractive.

Thanks,

Take your time troll, real investors don't expect miracles overnight. You are doing a great job for this coin. I have been following

^ +1. 

Let us know.

Since this is a community coin shouldn't we all have a say in what % PoS is set at?

Thanks

Yes, it needs vibrant conversations instead of pointless price reports-comments and investing touting. Almost the same comments, almost every every single day. Every time I check up what's new have been posted since previous day I find almost exactly the same comment posted again by the same person...

Agreed. People should be able to cheerlead and show enthusiasm, because without those individuals communities perish.

As much as I don't care for "to the moon" type talk, anyone talking about price stuff should just be left alone.  A coin needs a vibrant community talking about it all the time and that includes price talk as that leads to a vibrant market.  Without either, coins just slowly die from disinterest and it doesn't matter what sort of tech a coin comes out with.

Exactly, so why have you been positng the same comments about the exchanges, prices and investing over and over again. Just sit down and relax...

You have been flooding forum with posting something similiar to this almost every day for last few weeks. Sometimes more than once a day. It's been really annoying. I wouldn't be surprised if 1/3 of the posts in this thread have been yours.
This pointless comments add nothing of intellectual or educational value to this thread.
If you have been flooding Reddit with the same then it may make a lot of people reluctant to join LTCD community there.

Thanks for the extended explanation. And trust me. I know what its like devving for a community nonstop and not having much to show for it (i.e. BlackCoin). It's crazy to have someone hounding you for developments for their investment. Its just a nature of the beast. Glad to hear PoS is next on the list. I'll stick with my virtual Windows wallet for now -- but I'd prefer to have it on my Mac side out of personal preference. Hope it rears its head one day soon.

Btw, I've reached out to CoinTelegraph in an attempt to get some news for LTCD about your interesting proof of concept with this OO modularity you got a cooking. Will keep you posted.

Also, it is possible I could do a piece for TheCoinFront and FollowTheCoin, one that would delve deeper into your OO modular based design. PM me if you would like to go more in depth and I can get some information published for awareness. Perhaps get you some dev $ support by proxy.

This week?  Not likely.  I do plan to have a minor update that I'm hoping to have ready by the end of the week, but no promises.  PoS isn't far away, most of the code is in place in my local repository, but pushing out hard fork after hard fork without any time in between is a terrible idea.  The only reason we've done so has been to address problems with the 1.0 codebase and specs that became apparent when the coin was hammered by multipools.

The OSX wallet has been requested several times, and I keep stating (and will continue stating) the same thing.  To the immediate left of me is my (broken) mac which I have simply not had time to repair.  I'm responding to this message from my primary development machine (linux) which I have only just managed to finish rebuilding.  Up until this point I've been developing on a glorified tablet/all-in-one computer due to the urgency of certain fixes and the community's unyielding demand for updates.

Warning: The following rant is strictly my opinion and does not necessarily reflect the views of the rest of the LitecoinDark team.  Under no circumstances should it be taken as an "official" stance of any real standing.

The crypto world confuses me.  It seems to be full of "investors" (many, if not most, of whom consider a "long-term" investment to be measured in days or weeks as opposed to months or years.)  In the software development industry, software undergoes extensive code review, unit testing, some standardized release schedule, and even then after every single line of changed code is reviewed, any given build is tested for weeks before it is released.  This is how quality control works.

In crypto, we don't get that luxury a lot of the time.  It seems that I can't even get a week of development time to fix a critical issue (for example the previous update lowering the block reward) before the cries of "implement the next feature!" overwhelm me.  This is why I stopped being quite so active in the forums. 

It has been known for a while that once coin rewards dropped and we lost the multipools that we would lose a lot of network hashrate.  This is why Proof-of-Stake is highly desirable.  That said, this is a major change.  It isn't going to happen overnight.  It's coming.  It's next in line, even.  But it isn't going to be immediate.

Everyone is constantly asking for the "status" of a given feature.  The CPU from the build server has barely had time to cool from the last release build, lol.  I understand that people have money "invested" in LTCD, but remember that I do not follow the markets, and I am not paid for my work on LTCD.  My time is 100% my own.  I want to see LTCD succeed, as much if not more than any of you.  This is why I "invest" my time as heavily as I do.  That said, so far LTCD's development has bought me a really good cup of coffee (thank you to whomever donated that by the way) and a small bit of fuel in my vehicle.  I'm sure you can appreciate that I have bills to pay as well, which is why instead of "fixing my mac so I can build an OSX wallet" I've spent my day UVW unwrapping, texturing, rigging, and animating character models for another project I've been working on.

I don't want anyone to get the sense that I am not thankful for this community, that simply isn't the case.  I enjoy working on LTCD and in crypto in general.  But it does not pay my bills, and unless something major happens, it won't any time soon.  Until it does, I can only work in my spare time.

With all of that said, I am brought to the next point: Creating a bounty for an OSX build.  I both really like and really dislike this idea.  First of all, it eases my own burden by allowing a community member to compile (and be rewarded for his/her efforts), however, it does not give us the opportunity to review the code used in the compile.  There is no way of verifying that the code compiled is identical to the code in the github.  Therefore, I cannot in good conscious sign and verify a community-built binary without seriously putting it through its paces with a disassembler -- if I had time for this, I'd have time to build the binary myself, and then some.


TL;DR

• PoS: Next on the list.  Not this week.
• The community is welcome to build an OSX wallet, but we couldn't accept it as official.

Yes some people want the world today and not tomorrow lol People need to just sit back and relax hold the coin and wait for stuff do get done . We have done so much since September 3rd 2014 and things continue to be getting done. If you want to make a quick bit coin then buy one lol . Holding this alt coin will pay off in the future how long I don't know but knowing I have some and a great team behind with a great community makes me happy to hold this coin. Thanks again trollybfire and devs once again 

Is PoS around the corner by chance? I'd love to put my hoard to work. Also -- OS X wallet. Create a bounty for a build!

It has just come to my attention that we have received emails asking if there are no more features coming prior to the 2.0 release.  This is not the case.  Honestly I have no idea why people feel some need to make assumptions like this when nothing has been said regarding it.

I am still working on the 1.x codebase, and am still implementing features from the official roadmap and whitepaper.  We are not abandoning the 1.x codebase, and have never said anything to indicate that this might be true.

2.0 is still a long way off!  I've merely stated that I'm not going to continue posting a new wallet once per week.  By slowing down, I mean to say that while I've been spending 12+ hours per day focusing on LTCD code, I cannot continue to do so.  As someone who is working as volunteer I cannot afford to spend so much time on the project.  I still plan to work on it, most likely doing at least some work every day, just not half of every day.

Remember, I'm not getting paid for this.  Yet another reason that I care not what the market is doing.

yes hold and be patient good thing are coming and this is just the beginning price could go to one sat and I would still hold lol not getting mine.

I've subscribed using my mining name GKarB5. 

I must say that the price is jumpy atm..

When 2nd gen realeases and we are the first coin to be 2nd gen, then our value will go one way..

 UP UP UP UP xD

Gonna HODL ma 41k and sit back and wait.

what a ride yee haw lol weeeeeeeeeee

I agree with you. Some people here tend to litter the thread, almost every day with constant trade and price reports, and pointless advices about lost/predicted investing possibilities. These posts contribute nothing to the development. We have got over 300 posts, but it seems that half of them are of this pointless type.
I am certain that most people are capable of browsing the internet to check up the trade and prices at the exchanges, so they don't need these posts.