can I ask why the volue is doubled in last 24 h?
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Topic: [POLL] Should PandaCoin (PND) add PoS? (Read 6391 times)
Speculators are rushing in.
Please continue discussion in our main thread. Thank you.
can I ask why the volue is doubled in last 24 h?
This poll is closed. Thanks to everyone for voting.
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Many POS coins aren't really doing all that well tho, it's very likely that we announce the switch to POS, it gets some interest and we get a price spike, but as soon as the price semi stabilizes, people will start to dump. What do we do then?
Another problems being most active discussions surrounding PND happens on 4chan or IRC, potential new comers not aware of that thinking PND is dead due to the low activity on our BTCT thread and reddit page...
The good thing with merge mining is if we can get the doge folks interested in PND or at least start talking about it, our community will become more active, which will in turn bring in more outside attention. A strong and growing community is the real key to success.
so ask yourself is POS really worth it? It took a long time for this small pnd community to get to where it is today, do you really want to risk it all on POS? It we switch to pos and it fails to catch on, many will lose faith in PND and will be dumping to get out, this could really back fire on us.
On the contrary, MM is a much safer option as well as being a different and refreshing approach. The doge community doesn't have to endorse or even agree with us at first, in fact, we don't need the doge community's approval for MM to happen.
People like to talk about the country coins, well think of this as a country coin for doge miners as a toke of appreciation for keeping our network running. This will also potentially bring along many future collaboration opportunities. Kinda like an alliance contract if you will.
Let PandaCoin become a symbol of love and peace, it was born to fight evil, and it stayed alive because if the loving community, with merge mining, we can spread our love to even more people!
Imaging a future where PND is merge mined with every coin and everyone owns a piece of PND...
Another problems being most active discussions surrounding PND happens on 4chan or IRC, potential new comers not aware of that thinking PND is dead due to the low activity on our BTCT thread and reddit page...
The good thing with merge mining is if we can get the doge folks interested in PND or at least start talking about it, our community will become more active, which will in turn bring in more outside attention. A strong and growing community is the real key to success.
so ask yourself is POS really worth it? It took a long time for this small pnd community to get to where it is today, do you really want to risk it all on POS? It we switch to pos and it fails to catch on, many will lose faith in PND and will be dumping to get out, this could really back fire on us.
On the contrary, MM is a much safer option as well as being a different and refreshing approach. The doge community doesn't have to endorse or even agree with us at first, in fact, we don't need the doge community's approval for MM to happen.
People like to talk about the country coins, well think of this as a country coin for doge miners as a toke of appreciation for keeping our network running. This will also potentially bring along many future collaboration opportunities. Kinda like an alliance contract if you will.
Let PandaCoin become a symbol of love and peace, it was born to fight evil, and it stayed alive because if the loving community, with merge mining, we can spread our love to even more people!
Imaging a future where PND is merge mined with every coin and everyone owns a piece of PND...
definitly POS... and for the miners out here... Use the multipool... we keep the network safe.. you get PND payouts... and there is always volume on exchanges that way... 
merged mining is like being the silver while doge is the gold... just my thoughts on it...
merged mining is like being the silver while doge is the gold... just my thoughts on it...
I don't think merged mining is the solution for the following reasons:
- it's still the same old PoW: biggest rigs control majority of coins
- it is not ASIC proof, hence the above
- dumpers are still going to dump, price is, unfortunately, a measurement of success
- playing devil's advocate: getting something for free does not mean I will support the coin. It's a bonus to sell to the market and I bet that multipools will implement this very quickly and the majority of coins mined will be dumped (at least currently despite lower hash rate we have supporters holding majority of newly mined coins
Here is the only thing that's positive: we "may" get more people with PND wallet, but that doesn't mean they will keep a balance in the wallet.
For all the above, I believe PoS is the future and generosity from existing holders to distribute coins through marketing, faucets, bounties, donations etc are the way to go.
We need to focus on slowly raising the PND value, the community, awareness, and ecosystem to move this coin forward.
If they want to support, mining at our multipool, visit a faucet, do something positive to claim the bounty, or buy from the exchange are still viable ways to get involved. Or, provide a service or sell some goods to get your PND.
- it's still the same old PoW: biggest rigs control majority of coins
- it is not ASIC proof, hence the above
- dumpers are still going to dump, price is, unfortunately, a measurement of success
- playing devil's advocate: getting something for free does not mean I will support the coin. It's a bonus to sell to the market and I bet that multipools will implement this very quickly and the majority of coins mined will be dumped (at least currently despite lower hash rate we have supporters holding majority of newly mined coins
Here is the only thing that's positive: we "may" get more people with PND wallet, but that doesn't mean they will keep a balance in the wallet.
For all the above, I believe PoS is the future and generosity from existing holders to distribute coins through marketing, faucets, bounties, donations etc are the way to go.
We need to focus on slowly raising the PND value, the community, awareness, and ecosystem to move this coin forward.
If they want to support, mining at our multipool, visit a faucet, do something positive to claim the bounty, or buy from the exchange are still viable ways to get involved. Or, provide a service or sell some goods to get your PND.
I share very similar views as you, so thanks for putting it out there.
This coin also has something which most of the other POS + Multipools coins don't have - which is a specific targeted niche market to be used as a currency (reflected through the high coin cap @ 100 billion) and a targeted region which is SE Asia. The only semi comparable coin is Asiacoin if we do head towards the POS route, but I firmly believe our coin has superior marketing fundamentals and we wouldn't be crowded amongst the 'country coins' fads which have been propping up left right and center as of late.
I voted for MM, as i think it's a new idea which might bring a lot of attention to pnd, also considering the big hash rate of doge, many people would get involved in pnd in one way or the other, but seeing most votes are for PoS, which i'm afraid will not guarantee success as many coins failed with PoS for one reason or the other, i was thinking, if it is technically possible, it would be good to implement both!
I don't think merged mining is the solution for the following reasons:
- it's still the same old PoW: biggest rigs control majority of coins
- it is not ASIC proof, hence the above
- dumpers are still going to dump, price is, unfortunately, a measurement of success
- playing devil's advocate: getting something for free does not mean I will support the coin. It's a bonus to sell to the market and I bet that multipools will implement this very quickly and the majority of coins mined will be dumped (at least currently despite lower hash rate we have supporters holding majority of newly mined coins
Here is the only thing that's positive: we "may" get more people with PND wallet, but that doesn't mean they will keep a balance in the wallet.
For all the above, I believe PoS is the future and generosity from existing holders to distribute coins through marketing, faucets, bounties, donations etc are the way to go.
We need to focus on slowly raising the PND value, the community, awareness, and ecosystem to move this coin forward.
If they want to support, mining at our multipool, visit a faucet, do something positive to claim the bounty, or buy from the exchange are still viable ways to get involved. Or, provide a service or sell some goods to get your PND.
- it's still the same old PoW: biggest rigs control majority of coins
- it is not ASIC proof, hence the above
- dumpers are still going to dump, price is, unfortunately, a measurement of success
- playing devil's advocate: getting something for free does not mean I will support the coin. It's a bonus to sell to the market and I bet that multipools will implement this very quickly and the majority of coins mined will be dumped (at least currently despite lower hash rate we have supporters holding majority of newly mined coins
Here is the only thing that's positive: we "may" get more people with PND wallet, but that doesn't mean they will keep a balance in the wallet.
For all the above, I believe PoS is the future and generosity from existing holders to distribute coins through marketing, faucets, bounties, donations etc are the way to go.
We need to focus on slowly raising the PND value, the community, awareness, and ecosystem to move this coin forward.
If they want to support, mining at our multipool, visit a faucet, do something positive to claim the bounty, or buy from the exchange are still viable ways to get involved. Or, provide a service or sell some goods to get your PND.
It is my opinion that PoS, in the long run, will be a detriment to any coin that uses it. Because of this I whole-heartedly support merged mining with Dogecoin.
Unlike LTC (who tried to get DOGE to merge into their block chain, in a very unfriendly way), the Doge community, I think, would actively support any coin that decides to merge mine with them. This could be a huge opportunity to PND because it will expose the coin to the massive DOGE community.
Unlike LTC (who tried to get DOGE to merge into their block chain, in a very unfriendly way), the Doge community, I think, would actively support any coin that decides to merge mine with them. This could be a huge opportunity to PND because it will expose the coin to the massive DOGE community.
As of yet Doge community is not supporting us which i am guessing is from the lack of understanding of what merged mining is. To be fair even a lot of people from the PND community dont necessarily understand what merged mining is
It is my opinion that PoS, in the long run, will be a detriment to any coin that uses it. Because of this I whole-heartedly support merged mining with Dogecoin.
Unlike LTC (who tried to get DOGE to merge into their block chain, in a very unfriendly way), the Doge community, I think, would actively support any coin that decides to merge mine with them. This could be a huge opportunity to PND because it will expose the coin to the massive DOGE community.
Unlike LTC (who tried to get DOGE to merge into their block chain, in a very unfriendly way), the Doge community, I think, would actively support any coin that decides to merge mine with them. This could be a huge opportunity to PND because it will expose the coin to the massive DOGE community.
+1
PND community are all shibes. Born from the same wellspring.
Also, time is running out. I sense it's soon going to be "merge or die" for a great many scrypt coins. Better to be ahead of that tsunami.
It is my opinion that PoS, in the long run, will be a detriment to any coin that uses it. Because of this I whole-heartedly support merged mining with Dogecoin.
Unlike LTC (who tried to get DOGE to merge into their block chain, in a very unfriendly way), the Doge community, I think, would actively support any coin that decides to merge mine with them. This could be a huge opportunity to PND because it will expose the coin to the massive DOGE community.
Unlike LTC (who tried to get DOGE to merge into their block chain, in a very unfriendly way), the Doge community, I think, would actively support any coin that decides to merge mine with them. This could be a huge opportunity to PND because it will expose the coin to the massive DOGE community.
I would like to voice that I support merged mining, it would be something new and fairly unique in the way xfr described, while becoming a proof-of-stake coin is just copying what other coins that became valuable (in price) recently did...
In my opinion its a bit shortsighted, the bigger pro of PoS is the fact that together with our multipool it means that the price of PND will rise faster than it is rising now and thats about it... The coin could as a result become a target for people wanting quick profit on that property, like what happened with blackcoin - when price was low in the sense that their multipool could climb through the orders pretty fast, a lot of people bought blackcoin, then when the price and size of the sell orders became big enough for the multipool, a lot of people went on and sold their coins for this big profit.
I have nothing against any of this, but for those wanting in on that game the point is that there is already blackcoin, there are already other coins copying it too, none of them seem to aim to be used as a CURRENCY though if thats how they work. What is the goal of PND in the end? If it is to last and become useful, of which my personal example of currently useful cryptocurrencies are BTC and DOGE, then inovation, and inovation without the goal of creating artificial bubbles should be pursued.
I'm with the option of merged mining with DOGE through a pool as described... This would be new and a lot of fun, and I say that as someone whose miner is a 25kh/s APU, if I just wanted to make some usd my best option would be if the coin became proof-of-stake, since i'm here since the first days, and in my humble opinion that seem to be the goal of the many who want PoS. They want to use their holdings and invest further and make a profit, which again, I have nothing against, but there are other PoS+multipool coins around, the only difference it seems is that some people already hold PND and not these other coins, and thats why they want PND to go PoS
In my opinion its a bit shortsighted, the bigger pro of PoS is the fact that together with our multipool it means that the price of PND will rise faster than it is rising now and thats about it... The coin could as a result become a target for people wanting quick profit on that property, like what happened with blackcoin - when price was low in the sense that their multipool could climb through the orders pretty fast, a lot of people bought blackcoin, then when the price and size of the sell orders became big enough for the multipool, a lot of people went on and sold their coins for this big profit.
I have nothing against any of this, but for those wanting in on that game the point is that there is already blackcoin, there are already other coins copying it too, none of them seem to aim to be used as a CURRENCY though if thats how they work. What is the goal of PND in the end? If it is to last and become useful, of which my personal example of currently useful cryptocurrencies are BTC and DOGE, then inovation, and inovation without the goal of creating artificial bubbles should be pursued.
I'm with the option of merged mining with DOGE through a pool as described... This would be new and a lot of fun, and I say that as someone whose miner is a 25kh/s APU, if I just wanted to make some usd my best option would be if the coin became proof-of-stake, since i'm here since the first days, and in my humble opinion that seem to be the goal of the many who want PoS. They want to use their holdings and invest further and make a profit, which again, I have nothing against, but there are other PoS+multipool coins around, the only difference it seems is that some people already hold PND and not these other coins, and thats why they want PND to go PoS
+100... I agree with this...
I voted 'Bring merged mining with DOGE instead!'
Voting will close in 5 days (29 April). The option with the most votes will be worked on.
Let the shitcoin die. For god's sake.
You guys like to throw money in the toilet dont you ?
You guys like to throw money in the toilet dont you ?
Thank you for the constructive and thought out contribution.
I would like to voice that I support merged mining, it would be something new and fairly unique in the way xfr described, while becoming a proof-of-stake coin is just copying what other coins that became valuable (in price) recently did...
In my opinion its a bit shortsighted, the bigger pro of PoS is the fact that together with our multipool it means that the price of PND will rise faster than it is rising now and thats about it... The coin could as a result become a target for people wanting quick profit on that property, like what happened with blackcoin - when price was low in the sense that their multipool could climb through the orders pretty fast, a lot of people bought blackcoin, then when the price and size of the sell orders became big enough for the multipool, a lot of people went on and sold their coins for this big profit.
I have nothing against any of this, but for those wanting in on that game the point is that there is already blackcoin, there are already other coins copying it too, none of them seem to aim to be used as a CURRENCY though if thats how they work. What is the goal of PND in the end? If it is to last and become useful, of which my personal example of currently useful cryptocurrencies are BTC and DOGE, then inovation, and inovation without the goal of creating artificial bubbles should be pursued.
I'm with the option of merged mining with DOGE through a pool as described... This would be new and a lot of fun, and I say that as someone whose miner is a 25kh/s APU, if I just wanted to make some usd my best option would be if the coin became proof-of-stake, since i'm here since the first days, and in my humble opinion that seem to be the goal of the many who want PoS. They want to use their holdings and invest further and make a profit, which again, I have nothing against, but there are other PoS+multipool coins around, the only difference it seems is that some people already hold PND and not these other coins, and thats why they want PND to go PoS
In my opinion its a bit shortsighted, the bigger pro of PoS is the fact that together with our multipool it means that the price of PND will rise faster than it is rising now and thats about it... The coin could as a result become a target for people wanting quick profit on that property, like what happened with blackcoin - when price was low in the sense that their multipool could climb through the orders pretty fast, a lot of people bought blackcoin, then when the price and size of the sell orders became big enough for the multipool, a lot of people went on and sold their coins for this big profit.
I have nothing against any of this, but for those wanting in on that game the point is that there is already blackcoin, there are already other coins copying it too, none of them seem to aim to be used as a CURRENCY though if thats how they work. What is the goal of PND in the end? If it is to last and become useful, of which my personal example of currently useful cryptocurrencies are BTC and DOGE, then inovation, and inovation without the goal of creating artificial bubbles should be pursued.
I'm with the option of merged mining with DOGE through a pool as described... This would be new and a lot of fun, and I say that as someone whose miner is a 25kh/s APU, if I just wanted to make some usd my best option would be if the coin became proof-of-stake, since i'm here since the first days, and in my humble opinion that seem to be the goal of the many who want PoS. They want to use their holdings and invest further and make a profit, which again, I have nothing against, but there are other PoS+multipool coins around, the only difference it seems is that some people already hold PND and not these other coins, and thats why they want PND to go PoS
They dont, they ignored all questions regarding those issues in the thread.
I dont see how an hybrid is more complicated, peercoin does it, novacoin too and blackcoin is just a novacoin fork which removed the PoW part...
Personally i wouldn't run after the next best hype.
PS: Peercoin still uses centralized checkpoints to fix other issues, its not decentralized at all.
PS2: I guess merge mining in your position makes the most sense, however todo this successfully alot of infrastructure needs to be built
I dont see how an hybrid is more complicated, peercoin does it, novacoin too and blackcoin is just a novacoin fork which removed the PoW part...
Personally i wouldn't run after the next best hype.
PS: Peercoin still uses centralized checkpoints to fix other issues, its not decentralized at all.
PS2: I guess merge mining in your position makes the most sense, however todo this successfully alot of infrastructure needs to be built
It is now generally accepted that PoW+PoS is in fact less secure than pure PoS. The reason for that is the low PoW reward typically cause a low PoW difficulty and a pure PoW 51% attack is in fact quite possible despite the widespread false claim that "you need 51% of stake and 51% of hashrate to mount a 51% attack on hybid coins". I had first hand proof of that when running the PND multipool - there were no less than four instances where the pool accidentally managed to mount a 51% attack on BottleCaps against Cryptsy. I still have the transaction and block hashes to prove that and screenshot from the reverted CAP deposits on Cryptsy which are now permanently stuck in the deposit list.
Merged mining requires new infrastructure, as you say, in particular it would be quite interesting to patch MPOS for merged mining. This brings more added value than just hopping on the pure PoS hype train in my opinion, but on the other hand, it seems that PoS only coins do work decently well if they are well distributed. PND had absolutely great distribution in the first month but got major concentration afterwards which is a reason for concern. However, the multipool can help redistribute coins but as the price rises it is increasingly more difficult to convince new miners to join, and there is a real risk that PoS coins will at some point stall when the hashrate of their supporting multipool declines.
Merged mining could bring support from DOGE and ultimately, from LTC as well: if PND merges with DOGE, and DOGE merges with LTC later then it becomes possible to mine all 3 coins at the same time.
Got a question for the devs: when does the poll conclude?
It appears there's strong support for PoS implementation.
It appears there's strong support for PoS implementation.
POS is the way to go!
Just some further thoughts on Pandacoin going PoS
The Mintcoin wallet has some nice features now.
These would be nice enhancements for our wallet too perhaps
From Mintcoin https://bitcointalk.org/index.php?topic=450381.14020
New wallet properly sorts all transactions by date as a default. It used to sort them by status. That is why orphan blocks always appeared on top.
New wallet has option to go to Mintcoin homepage under Help menu. Now you can quickly reach Mintcoin FAQ Cheesy .
They are close on what looks like a well designed and secure PoS Android wallet, I am watching closely and have been doing my own android development, so who knows Wink
The Mintcoin wallet has some nice features now.
These would be nice enhancements for our wallet too perhaps
From Mintcoin https://bitcointalk.org/index.php?topic=450381.14020
New wallet properly sorts all transactions by date as a default. It used to sort them by status. That is why orphan blocks always appeared on top.
New wallet has option to go to Mintcoin homepage under Help menu. Now you can quickly reach Mintcoin FAQ Cheesy .
They are close on what looks like a well designed and secure PoS Android wallet, I am watching closely and have been doing my own android development, so who knows Wink
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