The premine which is transparent and used for development and giveaways.......but.....a question to Rofo.......will you be using the premine to mine POS?
I will, on the same addresses (or new but a new set of published addresses), and giving it away/distributing it away with the rest of the premine. I foresaw this issue the second PoS was pushed for stronger and knew it would become the next big thing we would have to tackle after the fork.
Can i suggest that you don't. Using premine for POS is taking the piss. No offence here.
What do you mean? I can not stake if that's what the community requests vocally here. I was going to do it for security reasons and to help the marketplace/distribution. If the request here is that that is not done, that's fine by us, we won't stake.
I say stake and at pre-set intervals donate the proceedings to charity. That should shut up the morons who do not have a clue (and do not read this thread) or are Fudders who are just looking for fuel for the fire.
...
The PoW algo will be scrypt. PoW is probably going to be a short lived transitory phase and then be cutoff. Putting a lot of dev work in to change the algo would just be a waste of time. It is even possible that PoW isn't part of the transition at all. Right now is a develop and test phase. No coin has ever gone from PoW to PoS... if you can find an example please send it. All the coins that have had to start a new chain and swap the coins. NOBL will be an industry first.
The PoW algo will be scrypt. PoW is probably going to be a short lived transitory phase and then be cutoff. Putting a lot of dev work in to change the algo would just be a waste of time. It is even possible that PoW isn't part of the transition at all. Right now is a develop and test phase. No coin has ever gone from PoW to PoS... if you can find an example please send it. All the coins that have had to start a new chain and swap the coins. NOBL will be an industry first.
OK I have to say that I'm not liking the fact all of this is being decided behind the scenes in IRC. this should all be hashed in open forum. Either in this thread or in a dedicated NON-MODERATED thread for later reference.
Now don't take that as an attack. It is meant to clue you guys in that we in this thread are only hearing after all these decisions are made what IS going to happen and then that suddenly changes and no reason is given. I mean specific reasons for all the changes. We all know the broader reasons. I'm sure that you don't notice this as your discussing this continually and have not noticed the rest of us are in a vacuum. Maybe the relevant discussions in IRC channel should be posted here at regular intervals for the community to comment on before the decision is made? If we are to be considered part of a community then we should have a say correct?
#1 Why was POS chosen period??? I see no explanation for that anywhere except "Someone wanted it earlier and we chose it".
#2 Why has POW suddenly returned and it why will be for a "short lived" Yet UNSPECIFIED set of time. Explain why it has to end at all.
If we have our own algo and add POS at the same time there is no need to change the amount of coins from the original set at inception. Which I will add is one of the main points of a coins adoption is it's initial amounts and rate.
I think I have been 100% spot on on all my assessments ( #1 of which when I predicted that coins that would start to cannibalize others) in this thread from day one and have yet to see one argument why changing Algo's to avoid massive dumping from ASIC's is not enough to save this coin. I have no opinion on POS either way except I hate that every time I read it is says "Piece Of Shit" to me.
I have also not seen one argument against my idea of publicly stating that "this coin will morph to avoid ASIC's" is not a viable solution.
It seems to me not one person has argued my points. They have just been ignored or commented that "I don't like that idea" without an argument to support why. reminds me of "I don't like change because it has always been this way" even when it is obvious the present path is to doom.
Damn I'm long winded today. got a good nights sleep for once in the last month.
:Edited to add a little clarity
Thought it would be cool to bump this as Monero has proven me correct.
Any one here have same situation?