██MAR██Marijuanacoin██X11 PoW/PoS██Cryptopia██Platform Beta██SMOKIN' HOT!██ - page 16.

MAR DEV

member

Activity: 94

Merit: 10

Quote from: ?? on ??

@MAR DEV - Any update on the Stake meeting?

It was a productive night.

I will work out and post a list of things we discussed later tonight.

Quote from: remistevens on June 27, 2017, 08:06:05 AM

Hey so is the plan to stick with this thread or eventually build a new one? I'd say stick with this one. Already a fair bit of discussion relevant to movement to new devs. Also, being a bit older and busier this one will overtake the old scammers thread soon enough on Google and such.

We started this thread because we took over the development of the coin. OSMIUMCOIN created a community thread when the original dev locked the official thread. We on our turn asked OSMIUMCOIN to lock his community thread when we took over. So as far as I know, this is the only thread about MAR where the discussion is active.

remistevens

hero member

Activity: 630

Merit: 501

Hey so is the plan to stick with this thread or eventually build a new one? I'd say stick with this one. Already a fair bit of discussion relevant to movement to new devs. Also, being a bit older and busier this one will overtake the old scammers thread soon enough on Google and such.

remistevens

hero member

Activity: 630

Merit: 501

Quote from: MAR DEV on June 26, 2017, 08:48:05 AM

There will be NO swap!

Awesome, dev is committed to the ledger. Swaps are Bullshit.

cryptokyle

newbie

Activity: 33

Merit: 0

Looking for big things here. Active dev, great rewards, solid roadmap. Should be at least worth what DOPE and CANN are worth. Keep up the good work dev !

MAR DEV

member

Activity: 94

Merit: 10

Quote from: IMJim on June 26, 2017, 01:39:02 AM

Is this new wallet supposed to work with our old wallet.dat file or was there some sort of swap or something?

The new wallet will be compatible with the current chain. We're only adding things to the current source.

There will be NO swap!

Quote from: motorhead89 on June 25, 2017, 08:27:24 PM

I'm about to come onboard...just waiting for a transfer of funds to Cryptopia and going to buy! I like the posts and reviews so far!

Welcome on board!

Quote from: etoque on June 25, 2017, 11:09:03 PM

hmm this coin look great

Thanks!

IMJim

legendary

Activity: 1260

Merit: 1000

Is this new wallet supposed to work with our old wallet.dat file or was there some sort of swap or something?

xxkaiwaxx

sr. member

Activity: 479

Merit: 253

We really need to get MAR into Poloniex...and kick out POT.

We're already worth more than POT ^^

etoque

legendary

Activity: 1988

Merit: 1000

hmm this coin look great

motorhead89

sr. member

Activity: 464

Merit: 250

Wasssssup!

I'm about to come onboard...just waiting for a transfer of funds to Cryptopia and going to buy! I like the posts and reviews so far!

MAR DEV

member

Activity: 94

Merit: 10

Quote from: xxkaiwaxx on June 25, 2017, 05:25:53 PM

We really need to get MAR into Poloniex...and kick out POT.

We're already worth more than POT ^^

Our time will come sooner or later. For now we want to focus on our developments first.

We have a team meeting tomorrow to discuss the results from the "test fork" and the final rates for PoS.

remistevens

hero member

Activity: 630

Merit: 501

Quote from: ?? on ??

Quote from: MAR DEV on June 24, 2017, 05:35:23 AM

Quote from: ?? on ??

I like this setup:

PoW = .75 MAR
PoS = .5 MAR
12 Week PoS = 1.5 or 2

Keeping things simple without percentages.

12 weeks is fine to me since people can move them out if they want.

Vault really rewards holders.

Static coded blockrewards for PoS after locked funds is something we've been discussing in the team for a while now. Let me try and explain our issue.

Example with static coded rewards (We take 200 MAR for blockreward just for example purposes.) :

Person A locks 10000 MAR without using coincontrol. Because he/she did not use coincontrol to split inputs, he/she will receive one bigger stake of 200 MAR after 12 weeks.

Person B locks 10000 MAR using the blocksplitter to make 100 inputs of 100 MAR. After 12 weeks, this person has 100x chance to hit a big block of 200 MAR. Though the weight per input is less than Person A's input, the advantage really lies with Person B having 100 inputs to compete for stakes on the network.

Example with annual rates (We take 80% just for example purposes) :

Person A locks 10000 MAR without using coincontrol. Because he/she did not use coincontrol to split inputs, he/she will receive one bigger stake based on the annual rate of 80% x input age/amount after 12 weeks.

Person B locks 10000 MAR using the blocksplitter to make 100 inputs of 100 MAR. After 12 weeks, this person has 100x chance to hit a big block based on the annual rate of 80% x input age/amount. The only advantage person B has in this example, is that he/she receives more stake blocks, but not more reward since the reward is based on an annual percentage.

Obviously this is a simple and quick summary of the differences in rewards. We have not calculated this through yet, what the end results of both type of reward chains after 12 months would be. But we want the most fair type of reward structure for early bird community members, but also for new people coming into Marijuanacoin.

So annual, or static coded rewards is undecided yet for the lockdown period. The regular rewards stay at a static coded reward model.

Didn't really think about that scenario, good points.

Vault sounds great to me, however its set up. Encourages long term holding definitely- which leads to scarcity, lack of sellers and higher prices.

MAR DEV

member

Activity: 94

Merit: 10

Quote from: ?? on ??

MAR Giveaway:

https://cryptocurrencytalk.com/topic/84306-%E2%96%88%E2%96%88mar%E2%96%88%E2%96%88marijuanacoin%E2%96%88%E2%96%88x11-powpos%E2%96%88%E2%96%88cryptopia%E2%96%88%E2%96%88platform-beta%E2%96%88%E2%96%88smokin-hot%E2%96%88%E2%96%88/#comment-393568

Thanks for doing that!

Quote from: ?? on ??

I like this setup:

PoW = .75 MAR
PoS = .5 MAR
12 Week PoS = 1.5 or 2

Keeping things simple without percentages.

12 weeks is fine to me since people can move them out if they want.

Vault really rewards holders.

Static coded blockrewards for PoS after locked funds is something we've been discussing in the team for a while now. Let me try and explain our issue.

Example with static coded rewards (We take 200 MAR for blockreward just for example purposes.) :

Person A locks 10000 MAR without using coincontrol. Because he/she did not use coincontrol to split inputs, he/she will receive one bigger stake of 200 MAR after 12 weeks.

Person B locks 10000 MAR using the blocksplitter to make 100 inputs of 100 MAR. After 12 weeks, this person has 100x chance to hit a big block of 200 MAR. Though the weight per input is less than Person A's input, the advantage really lies with Person B having 100 inputs to compete for stakes on the network.

Example with annual rates (We take 80% just for example purposes) :

Person A locks 10000 MAR without using coincontrol. Because he/she did not use coincontrol to split inputs, he/she will receive one bigger stake based on the annual rate of 80% x input age/amount after 12 weeks.

Person B locks 10000 MAR using the blocksplitter to make 100 inputs of 100 MAR. After 12 weeks, this person has 100x chance to hit a big block based on the annual rate of 80% x input age/amount. The only advantage person B has in this example, is that he/she receives more stake blocks, but not more reward since the reward is based on an annual percentage.

Obviously this is a simple and quick summary of the differences in rewards. We have not calculated this through yet, what the end results of both type of reward chains after 12 months would be. But we want the most fair type of reward structure for early bird community members, but also for new people coming into Marijuanacoin.

So annual, or static coded rewards is undecided yet for the lockdown period. The regular rewards stay at a static coded reward model.

MAR DEV

member

Activity: 94

Merit: 10

Quote from: sinabu on June 23, 2017, 12:11:09 PM

I don't do POW as I don't have the equipment but I enjoy doing POS. I have a dedicated machine that I put my staking wallets on here but hearing an 80-90% reduction in staking rewards for regular POS is disheartening. Right now I am getting 1 MAR per stake. I don't mind locking up some funds but also waiting 12 weeks to me for a bonus payout is a bit much.

What is the difference between what you are testing vs a masternode?

Others I've seen when you do the masternode you still get daily pay outs but at a higher amount vs someone doing regular POS. Is this not the case here?

If we don't lower regular PoS rewards, the inflation which we already are upscaling by this system, is too much. But like I said before, this is just a thought, and rates are not official yet. This system rewards true followers and community members. Funds are not solid locked for 12 weeks either. You can always unlock the funds, and use them to send to exchange or whatever. This will reset the locked inputs 12 weeks time terminal though.

The difference between this and a masternode is not really comparable since this an entirely different system. But unlike masternodes, no special requirements are needed. You simply choose to lock funds or not. When you do, you will be rewarded (much) more MAR.

sinabu

member

Activity: 87

Merit: 10

I don't do POW as I don't have the equipment but I enjoy doing POS. I have a dedicated machine that I put my staking wallets on here but hearing an 80-90% reduction in staking rewards for regular POS is disheartening. Right now I am getting 1 MAR per stake. I don't mind locking up some funds but also waiting 12 weeks to me for a bonus payout is a bit much.

What is the difference between what you are testing vs a masternode?

Others I've seen when you do the masternode you still get daily pay outs but at a higher amount vs someone doing regular POS. Is this not the case here?

MAR DEV

member

Activity: 94

Merit: 10

Quote from: qiman on June 23, 2017, 01:03:30 AM

It was a real shame we had bought a lot of MAR when there was the old DEV, then the coin nose dived then once the old dev left the project so we lost out big time as we thought the coin had been abandoned and had to sell cheaply but good luck with the project and I wish you all much success for the future.

The coin was abandoned like you said. Exactly the reason why we picked it up.

Quote from: ?? on ??

Yup more details please Grin

I'd like to know the lockup amount vs reward structure as well

The rates are not yet decided. We are simply testing with random numbers right now on a private network.
We do want to lower regular PoS rewards to 0.1/0.2 MAR. Funds that are locked, and released after 12 weeks, will stake against a higher (annual percentage) reward.

We would like community members to state their opinion and their ideal rates first before we decide on official numbers.

qiman

hero member

Activity: 1036

Merit: 504

It was a real shame we had bought a lot of MAR when there was the old DEV, then the coin nose dived then once the old dev left the project so we lost out big time as we thought the coin had been abandoned and had to sell cheaply but good luck with the project and I wish you all much success for the future.

chopstick

legendary

Activity: 992

Merit: 1000

As long as the devs stay seriously committed to this project, it will - sooner or later - be a success.

Look at how well the entire Crypto industry is doing. 2 years ago, I could have never foreseen that the Crypto industry's market cap would be >$100 billion and that there would be hundreds of coins with a >$1 million market cap each... if the other coins can do it, so can this one.

Nothing can stop it.

MAR DEV, just stay committed and focused. Eventually, no matter how long it takes - This project will be very successful.

MAR DEV

member

Activity: 94

Merit: 10

Quote from: remistevens on June 21, 2017, 04:11:40 PM

Quote from: ?? on ??

We've got like 4 people posting in this thread which isn't good.

Apparently you missed the grammies.

lol

We are currently testing a new core update. This will allow users to lock up funds. When your funds reach 12 weeks of maturity, your MAR is ready to harvest/stake for a higher reward. So we're basically growing marijuana inside the wallet.
Regular staking will also be possible, but against a lower reward structure.
PoW will keep running as an extra to secure the network, and to keep it moving if for some reason everyone locked up their funds for bigger stakes.

Exciting times ahead for MAR!

remistevens

hero member

Activity: 630

Merit: 501

Quote from: ?? on ??

Quote from: remistevens on June 21, 2017, 04:07:25 PM

And yes about Cryptopia. I like it a lot, but its very low volume.

Maybe if the coin got on another exchange there would be some arbitrage which could increase price.

IMO I just don't see top 150 / 200 without Bittrex. Top 100 without Poloniex.

Bittrex is possible because they already list CANN and DOPE. But the dev would have to verify their identity on the platform.

Dev identified would help a lot and yea any other exchange really. Livecoin has been increasing in volume. Costs 3 BTC to list or through voting which we'd surely have no luck at for now.

remistevens

hero member

Activity: 630

Merit: 501

Quote from: ?? on ??

We've got like 4 people posting in this thread which isn't good.

Apparently you missed the grammies.

Topic: ██MAR██Marijuanacoin██X11 PoW/PoS██Cryptopia██Platform Beta██SMOKIN' HOT!██ - page 16. (Read 29502 times)