NA - page 180. | Bitcointalksearch.org

thsminer

sr. member

Activity: 332

Merit: 250

Quote from: WaterLooDown on July 14, 2015, 02:47:12 AM

Quote from: MentalCollatz on July 13, 2015, 11:50:47 PM

Not sure if you missed my other post or just wanted to move on, but I am genuinely interested in either disproving or validating and fixing whatever issues you believe remain. Not because I want you to use multi-algo but because I am a perfectionist.

Hi Mental,

Your best bet is to catch MaNI on IRC and when he has time he can chat with you, he also runs his own development business , pretty busy guy outside of crypto. Also admire the dedication you have shown towards finding a solution to multi-algo issues. Keep up the good work!

If MaNI has time to talk on IRC he can drop a message here also. There are more people interested in his findings.

ShopemNL

legendary

Activity: 1025

Merit: 1001

Any updates on potential PoS system? Can't wait to sell some node's!

WaterLooDown

legendary

Activity: 924

Merit: 1000

Quote from: MentalCollatz on July 13, 2015, 11:50:47 PM

Not sure if you missed my other post or just wanted to move on, but I am genuinely interested in either disproving or validating and fixing whatever issues you believe remain. Not because I want you to use multi-algo but because I am a perfectionist.

Hi Mental,

Your best bet is to catch MaNI on IRC and when he has time he can chat with you, he also runs his own development business , pretty busy guy outside of crypto. Also admire the dedication you have shown towards finding a solution to multi-algo issues. Keep up the good work!

veertje

legendary

Activity: 952

Merit: 1000

http://guldenbeurs.nl/, when is it going live again?

This will be one of the big triggers for more users.

MentalCollatz

newbie

Activity: 40

Merit: 0

Quote from: MaNI on July 10, 2015, 07:21:06 AM

Quote from: MentalCollatz on July 10, 2015, 02:59:20 AM

Quote from: MaNI on July 06, 2015, 08:46:21 AM

Quote from: Altcoinfanatic on July 06, 2015, 08:12:40 AM

Can we get an official statement by MaNI if the multi algo design on coins like Myriadcoin and Digibyte is flawed also? Or is it a secret?

After looking into it extensively and much internal debate we have decided that multi-algo as it currently stands is flawed from a security perspective. While it sounds good on the surface there are some rather complex implementation issues in reality which have become apparent while looking at the code, that we are not satisfied can be solved in a reasonable way, or at least I am not confident I can solve them and I feel it is good to know your limits

I don't want to go into too much technical details but most of the flaws revolve around the fact that 'difficulty' is a somewhat arbitrary measurement, while it can be used to meaningfully compare two blocks from the same algorithm to one another, there is no real relation between the difficulties of two different algorithms. i.e. It is not really meaningful to say that a 500 difficulty Scrypt block is worth more or less than a 500 difficulty Groestl block. While it can be determined with some analysis for a specific moment in time with some work it requires a level of 'perfect information' that is not compatible with a p2p crypto currency type system, and even I as a human cannot tell you for a fact that the answer I give you now will still be the same in say six months time.
I have looked at various proposals to try and solves these issues, and what several coins have done and have found theoretical problems and flaws with all of them.

A few months ago I came to the same conclusions and eventually crafted https://github.com/digibyte/digibyte/pull/36, which removes the magic work factors and instead uses the geometric mean of all difficulties to compute work. This greatly improves the security.

Thanks, I have viewed your pull request before... It does address some of the issues, but I don't feel it addresses all of them and there are still potential problems that I'm not happy with, so I'm still not comfortable with multi algo as a general solution... Even if all these concerns are addressed I still wouldn't be 100% confident that there aren't other problems that are being missed. So while we are still discussing everything internally still I don't think we want to head towards multi really at this point...
That said it is important that things get addressed for those who are on multi algo and do feel it is the way to go, I mean it is not like they can just stop trying at this point, so do keep up the good work

Not sure if you missed my other post or just wanted to move on, but I am genuinely interested in either disproving or validating and fixing whatever issues you believe remain. Not because I want you to use multi-algo but because I am a perfectionist.

Bluestreet

legendary

Activity: 988

Merit: 1000

Quote from: Buerra on July 13, 2015, 07:19:11 AM

@pijpenstelen Nocks is doing really well. We're just really building the tools that we think are needed to break-out with Nocks. It's marketed very well among existing crypto users and I've got some new people into Guldencoin and Bitcoin that will be using Nocks to their advantage and therefore the coin's advantage. More on that later. They'll introduce themselves on the forums soon

This is why guldencoin is going to succeed while the rest pray for a miracle.

WaterLooDown

legendary

Activity: 924

Merit: 1000

On the core development front we are still on for end of July/early August for 0.10 code base update with 0.12 security/bug fixes. Testing to start this week .

Buerra

legendary

Activity: 980

Merit: 1000

@pijpenstelen Nocks is doing really well. We're just really building the tools that we think are needed to break-out with Nocks. It's marketed very well among existing crypto users and I've got some new people into Guldencoin and Bitcoin that will be using Nocks to their advantage and therefore the coin's advantage. More on that later. They'll introduce themselves on the forums soon

neutraLTC

legendary

Activity: 1492

Merit: 1021

Quote from: Buerra on July 13, 2015, 05:38:04 AM

20th of July we will launch another update for Nocks. Stay tuned!

Grin

Looking forward

veertje

legendary

Activity: 952

Merit: 1000

I think I am buying some again with this coming updates.

pijpenstelen

sr. member

Activity: 407

Merit: 250

Quote from: Buerra on July 13, 2015, 05:38:04 AM

20th of July we will launch another update for Nocks. Stay tuned!

Grin

I love Nocks, adds so much value for guldencoin. You need to market this more Buerra!

Buerra

legendary

Activity: 980

Merit: 1000

20th of July we will launch another update for Nocks. Stay tuned!

Grin

MaNI

sr. member

Activity: 275

Merit: 250

Quote from: pijpenstelen on July 12, 2015, 12:21:47 PM

So after this change if the coins price goes to 1 cent it will only need +-500 usd daily to support this price ? At 10 cents 5000 usd a day. I think this will be possible with the amount of attention cryptos are getting again ?

Well no, because it isn't just new coins from miners that are available on the market, people can and will still choose to sell the coins they currently hold

What it does mean is that there will be a lot less trading coins from miners flooding out the trading from regular users, so the exchange prices are likely to closer reflect what regular users value the coin at instead of what miners happen to be dumping for at that moment...

Svener

hero member

Activity: 502

Merit: 500

Quote from: pijpenstelen on July 12, 2015, 12:21:47 PM

So after this change if the coins price goes to 1 cent it will only need +-500 usd daily to support this price ? At 10 cents 5000 usd a day. I think this will be possible with the amount of attention cryptos are getting again ?

$47 new funds daily will be needed to stay at current price. $1410 a month. Very easy for the community support while the coin ramps up for mainstream adoption.

pijpenstelen

sr. member

Activity: 407

Merit: 250

So after this change if the coins price goes to 1 cent it will only need +-500 usd daily to support this price ? At 10 cents 5000 usd a day. I think this will be possible with the amount of attention cryptos are getting again ?

Litesire

sr. member

Activity: 458

Merit: 500

Quote from: BioMike on July 11, 2015, 04:32:52 PM

Quote from: MaNI on July 11, 2015, 03:37:45 PM

Quote from: BioMike on July 11, 2015, 03:19:56 PM

I personally still think this is not the way to go, the easiness in which people accept changes to coin characteristics worries me.

Not trying to change your mind on this, I accept that not everyone is going to be comfortable with the changes and you are of course entitled to your viewpoints/feelings.

However just thought I would point out that this change is only being proposed because it is something we feel is very important to do right now, and because most of the people we have asked have agreed (and not because of the current price as some are saying but more for long term distribution and stability benefits)
It is not something that we would do on a whimsy, this has been an ongoing discussion internally for ages before we decided it was right, so this doesn't mean that now suddenly we will be wanting to change the amount of coins every few weeks.
Further ultimately the coin is open source, so if anyone ever goes completely crazy and does start making random changes that the entire community disagrees with then the community can always just stand up and fork the coin - so I don't think there is a massive danger of this setting some precedent or other, I am not a massive fan of changing things like this either, however sometimes changes are necessary no matter how scary on unnerving they can be.

Fair enough. I've apologized to Jero for my comment earlier and I'm going to take a time-out for a few days to calm myself regarding the discussion earlier.

I will say this, I am 100% behind biomike when it comes to preventing pumps. I would like to ask the community that this change does not get mentioned all over btctalk, chat rooms, twitter, facebook etc unless it's the official guldencoin medium. Let the price rise gracefully after the change because of real demand or it will be a rough ride for the next month or two. It will be really good to have a price of 300 as we change over but I do expect a false pump so be careful.

Bluestreet

legendary

Activity: 988

Merit: 1000

Quote from: Litesire on July 11, 2015, 01:24:07 PM

Really who gives a fuck what the crypto community think if they really wanted guldencoin wouldn't they be invested in it already. No they clearly coming here because they feel threatened by this change.

True, they would be with guldencoin already but everyone thinks their coins is the one. When everyone knows deep down this is the one!

BioMike

legendary

Activity: 1658

Merit: 1001

Quote from: MaNI on July 11, 2015, 03:37:45 PM

Quote from: BioMike on July 11, 2015, 03:19:56 PM

I personally still think this is not the way to go, the easiness in which people accept changes to coin characteristics worries me.

Not trying to change your mind on this, I accept that not everyone is going to be comfortable with the changes and you are of course entitled to your viewpoints/feelings.

However just thought I would point out that this change is only being proposed because it is something we feel is very important to do right now, and because most of the people we have asked have agreed (and not because of the current price as some are saying but more for long term distribution and stability benefits)
It is not something that we would do on a whimsy, this has been an ongoing discussion internally for ages before we decided it was right, so this doesn't mean that now suddenly we will be wanting to change the amount of coins every few weeks.
Further ultimately the coin is open source, so if anyone ever goes completely crazy and does start making random changes that the entire community disagrees with then the community can always just stand up and fork the coin - so I don't think there is a massive danger of this setting some precedent or other, I am not a massive fan of changing things like this either, however sometimes changes are necessary no matter how scary on unnerving they can be.

Fair enough. I've apologized to Jero for my comment earlier and I'm going to take a time-out for a few days to calm myself regarding the discussion earlier.

Fedoracoins

full member

Activity: 364

Merit: 100

Quote from: Wildwest on July 11, 2015, 03:49:11 PM

Quote from: BioMike on July 11, 2015, 03:35:48 PM

Quote from: investeerder on July 11, 2015, 03:28:32 PM

Quote from: BioMike on July 11, 2015, 03:24:27 PM

Quote from: investeerder on July 11, 2015, 03:22:47 PM

Quote from: BioMike on July 11, 2015, 02:38:23 PM

Quote from: jwinterm on July 11, 2015, 02:25:50 PM

So with decrease in supply what will premine end up being? 15% of all coins? 20%? And still no concrete or even general plans on how they (premine coins) will be distributed?

Well, in the long run it will move towards 0% (no halving of the block rewards any more, so infinite NLG). From what I get with this discussion is that game rules will be changed contentiously and there are no guarantees for the future. NLG will also be worth less over time.

Coins using the same formula as bitcoin have shown not to be a success.

Define "success" and which formula?

Success is many users adopting the coin. This does not happen from halving.

Nobody using Bitcoin, Litecoin, DOGE... I guess

Bitcoin -- First
Litecoin -- Claim to fame being first ASIC resistant coin and first alt. Value is being first alt as it turns out not ASIC resistant.
Doge -- Right time, right place, right meme themed coin.

dogecoin strong coin, about 10 year skyhigh

Wildwest

sr. member

Activity: 1701

Merit: 308

Quote from: BioMike on July 11, 2015, 03:35:48 PM

Quote from: investeerder on July 11, 2015, 03:28:32 PM

Quote from: BioMike on July 11, 2015, 03:24:27 PM

Quote from: investeerder on July 11, 2015, 03:22:47 PM

Quote from: BioMike on July 11, 2015, 02:38:23 PM

Quote from: jwinterm on July 11, 2015, 02:25:50 PM

So with decrease in supply what will premine end up being? 15% of all coins? 20%? And still no concrete or even general plans on how they (premine coins) will be distributed?

Well, in the long run it will move towards 0% (no halving of the block rewards any more, so infinite NLG). From what I get with this discussion is that game rules will be changed contentiously and there are no guarantees for the future. NLG will also be worth less over time.

Coins using the same formula as bitcoin have shown not to be a success.

Define "success" and which formula?

Success is many users adopting the coin. This does not happen from halving.

Nobody using Bitcoin, Litecoin, DOGE... I guess

Bitcoin -- First
Litecoin -- Claim to fame being first ASIC resistant coin and first alt. Value is being first alt as it turns out not ASIC resistant.
Doge -- Right time, right place, right meme themed coin.

Topic: NA - page 180. (Read 893610 times)