[POLL] Should PandaCoin (PND) add PoS? - page 2.

pandacoin-official

sr. member

Activity: 560

Merit: 250

Quote from: i8 on April 22, 2014, 10:00:27 AM

I'm curious in merge mining, but are we actually in talks with doge folks? are they on board at all?

It's more efficient to first determine what we actually want. Splitting efforts would be counterproductive right now.

Quote from: i8 on April 22, 2014, 10:00:27 AM

does that mean we can rely on doge miners to keep the pnd network going, and people who really want pnd can just mine on the multipool?

Since it's our network we are also responsible for keeping it going. Since we would be receiving hashrate out of goodwill and from people setting up the appropriate/patched pool software even more so.

i8

full member

Activity: 224

Merit: 100

I'm curious in merge mining, but are we actually in talks with doge folks? are they on board at all? does that mean we can rely on doge miners to keep the pnd network going, and people who really want pnd can just mine on the multipool?

jommy99

sr. member

Activity: 575

Merit: 250

PND DevTeam

Mintcoin removes PoW to fix potential security issues

The Mintcoin team has today released a mandatory wallet update which removes proof-of-work from the coin entirely, meaning Mintcoin is now 100% proof-of-stake.
http://coinjoint.info/mintcoin-removes-pow-fix-potential-security-issues/

seems Rat4 of BC explains how pure PoS is safest for them and mintcoin, other ideas bantered around too. Zeitcoin is following suit I believe and goin pure PoS.

https://bitcointalksearch.org/topic/security-analysis-of-powpos-hybrids-with-low-pow-reward-551861

orrazib

newbie

Activity: 48

Merit: 0

A good reason to have PND fully POS is that the hashrate doesn't have to be split between mining PND and the multipool

We can get more hashrate for the multipool without having to sacrifice anything

I am not sure what merging with mining doge is exactly so I wont comment on it

Having people to choose between mining PND directly and getting it through the multipool is simply counterproductive

Joesixpack9000

full member

Activity: 157

Merit: 100

Bohemian Crypto Guardian

100% Proof of Stake combined with the addition of multipools that expends 100% of gains from other coins buying PND would is an attractive option to implement.

This coin was fairly launched (0% premine, no stealth launches or insta-mined) and the distribution of the coin is one of the most decentralized and spread out compared to other PoS coins.

There's a niche market for PND with that coin structure and inherent marketable qualities that should make it one of the forerunners out of the POS coins in the near distant future.

othe

hero member

Activity: 532

Merit: 500

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

pandacoin-official

sr. member

Activity: 560

Merit: 250

Quote from: othe on April 21, 2014, 03:45:22 PM

https://bitcointalksearch.org/topic/ppc-disclosure-stake-generation-vulnerability-131940

This for example was fixed in the kernel of peercoin by using entropy from the PoW blocks.

You can read more about the fundamental problems here: http://blog.ethereum.org/2014/01/15/slasher-a-punitive-proof-of-stake-algorithm/

Interesting. Thanks for bringing this up.

Doing a hybrid of both protocols is indeed possible but harder to execute. I'll be taking a look at how blackcoin accomplished being pure PoS.

jparsley

sr. member

Activity: 266

Merit: 250

Sounds like a good idea

othe

hero member

Activity: 532

Merit: 500

https://bitcointalksearch.org/topic/ppc-disclosure-stake-generation-vulnerability-131940

This for example was fixed in the kernel of peercoin by using entropy from the PoW blocks.

You can read more about the fundamental problems here: http://blog.ethereum.org/2014/01/15/slasher-a-punitive-proof-of-stake-algorithm/

pandacoin-official

sr. member

Activity: 560

Merit: 250

Quote from: othe on April 21, 2014, 03:11:17 PM

I dont get your answer, you are talking about adopting to PoS, so you clearly must have a wise plan to fix all the issues that it introduces?

Most of the stuff has been talked over and over again here, and noone found a good solution so far, what peercoin does seems to be the best solution right now.

Would you mind pointing out which issue(s) you're referring to? I'm guessing you're talking about malicious stakeholders?

othe

hero member

Activity: 532

Merit: 500

I dont get your answer, you are talking about adopting to PoS, so you clearly must have a wise plan to fix all the issues that it introduces?

Most of the stuff has been talked over and over again here, and noone found a good solution so far, what peercoin does seems to be the best solution right now.

pandacoin-official

sr. member

Activity: 560

Merit: 250

Quote from: othe on April 21, 2014, 02:51:01 PM

And what is your plan to get rid of the pure PoS vulnerabilities?

Adopting it would be one thing. Fixing longstanding code another.

othe

hero member

Activity: 532

Merit: 500

And what is your plan to get rid of the pure PoS vulnerabilities?

pandacoin-official

sr. member

Activity: 560

Merit: 250

Quote from: eMiz0r on April 21, 2014, 01:05:32 PM

PoS please.

Is it possible to reduce the maximum number of coins? The initial total supply (100 trillion) PnD is just way to much. That's one reason why the price suddenly plummeted and has almost no chance of a comeback.

Thanks for the feedback.

The current cap is at 100 billion. Personally I wouldn't be fond of changing that aspect but since we will be working on a better reward structure in the future, we might consider it.

eMiz0r

member

Activity: 60

Merit: 10

PoS please.

Is it possible to reduce the maximum number of coins? The initial total supply (100 trillion) PnD is just way to much. That's one reason why the price suddenly plummeted and has almost no chance of a comeback.

pandacoin-official

sr. member

Activity: 560

Merit: 250

Quote from: mikeroz on April 21, 2014, 10:06:08 AM

PoS would be great
do you have to keep wallet unlocked to generate blocks?
i mean PoS would keep network secure, but what about our wallets?

The wallet would need to be unlocked.

mikeroz

full member

Activity: 139

Merit: 100

PoS would be great
do you have to keep wallet unlocked to generate blocks?
i mean PoS would keep network secure, but what about our wallets?

pandacoin-official

sr. member

Activity: 560

Merit: 250

Quote from: Spoetnik on April 21, 2014, 08:02:34 AM

or you could respond to what i said.. it's up to you lol
lazy much ? hahaa

Only fair since your comment was more than half-assed, but as you wish.

Quote from: Spoetnik

it's a classic routine we have seen lots in the last year.. a method of refresh coins to compete with the P&D's

Why do you call this type evolution and progress a "refresh"? Again, it's only something we consider besides merged-mining. We are presenting it as an option and would like to determine how it would perform in the future.

Quote from: Spoetnik

in turn under mine the old coin

See above. Should we take this path we won't abandon anything.

Quote from: Spoetnik

and original investors.. seen this go down lots

See above.

Quote from: Spoetnik

i thought this coin was wrapped up is so much bs

See my other reply.

Quote from: Spoetnik

and drama the coin was basically dead.. changing the coin is going to clean off old stains ? Cheesy

PND is one of the better performing altcoins right now.

If you have nothing productive to add, please consider leaving this thread.

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

or you could respond to what i said.. it's up to you lol
lazy much ? hahaa

pandacoin-official

sr. member

Activity: 560

Merit: 250

Quote from: Spoetnik on April 21, 2014, 07:24:46 AM

Quote from: tokyoghetto on April 16, 2014, 10:03:37 AM

why are people changing the rules in the middle of the game ?

Honestly you guys see the PoS hype train and think that going pure PoS will save your coins.

Next thing you know, you guys will make the PoS pay out 100% per year, but not before loading up on PND.

pretty sleezy if you ask me.

it's a classic routine we have seen lots in the last year.. a method of refresh coins to compete with the P&D's
in turn under mine the old coin and original investors.. seen this go down lots

i thought this coin was wrapped up is so much bs and drama the coin was basically dead.. changing the coin is going to clean off old stains ? Cheesy

Please read:

Quote from: pandacoin-official on April 16, 2014, 10:18:14 AM

Quote from: tokyoghetto on April 16, 2014, 10:03:37 AM

why are people changing the rules in the middle of the game ?

Nothing has been changed yet. This thread exists to determine the opinion of the people currently involved with the coin. You know, those who are planning beyond the quick buck that most miners on this board are trying to make.

Quote from: tokyoghetto on April 16, 2014, 10:03:37 AM

Honestly you guys see the PoS hype train and think that going pure PoS will save your coins.

Presenting an option doesn't mean it's a definite solution.

Quote from: tokyoghetto on April 16, 2014, 10:03:37 AM

Next thing you know, you guys will make the PoS pay out 100% per year, but not before loading up on PND.

pretty sleezy if you ask me.

Clearly you're not aware about the current state of this coin or what it stands for.

Please refrain from posting senseless assumptions without doing your research first.

Topic: [POLL] Should PandaCoin (PND) add PoS? - page 2. (Read 6391 times)