Topic: POS (Read 1253 times)

+1

Maybe a function of difficulty is the solution for such dilemma.

i looked into this for Nybble - it is some work , but can be done.

PoS is interesting , but needs more analysis.

perhaps dynamic adjustment would be more practical, but i'm already stretching MY mind quite far on this one, some of the ideas i do not even know how to implement, i'd like to do it, but the math involved to make a dynamic adjustment system is not something i am confident i can do.

Rates will be fixed? If so, then there will be a serious problem. Someone could ask why not 1 platinum = 10 diamond, and he will be right.

True, i have been thinking of that too. I myself have only recently become interested in POS. Perhaps it's time for new ideas...

I thought of creating a psuedo-merge-mined coin with set exchange rates. my idea is to have have different reward types that are not random or super blocks. They all have to be earned through mining, the idea is to use the same daemon or client.

Each has a separate starting difficulty that reflects the rarity and value of the reward. Strictly this will include libzerocoin and POH once i figure it out.

For example a single chain with 5 diff targets for different rewards.

1) Platinum (very rare )
2) Diamond wher 100 Diamond = 1 Platinum.
3) Gold where 100 Gold = 1 Diamond
4) Silver where 1000 silver = 1 Gold
5) Copper  where 1000 copper = 1 Silver


with a starting diff of (maybe) 50x the current of LTC or even a hundred, i'm sure it will be a while before we see any plat holders. the lowest diff, that of copper would be a diff 2 scrypt. although most would shy away, i believe that ca full currency system like this should reflect current trends, most of the algos used  before were made for cpu mining, which is why we have so many dead and dying coins after gpu's raise the diff then leave it to rot. worse with multipools popping up that can boast a straight gigahash on scrypt it become evident that we need to adjust to fit the situation, hardware and pooling of resources.   

The chain(s) would have a floating circulation that allows exchange from one reward to the other and because of hard limiting (changeable with time).

Say you have a small cpu ( intel i3) you could start mining coppers by using "setgenerate cop -1", since coppers are abundant and have low starting difficulty and a low interest rate they would make sense to mine with a smal cpu. For someone with more formidable power, they could "setgenerate pla -1" say on a fx 8350 or two and attempt to mine Platinum rewards. However most would think that you can get Plat or GLD by mining copper and trading up, this is met with a hard throttle in that the money supply is not only hard capped and throttled when too much is produced, but it's difficulty responds directly to the availabilty of the other currencies combined, ergo it becomes impossible to bite the system. Say we all decided to get in on the action by mining easy copper and silver, the diff of the two will be proportionally increased by the lack thereof of support from Plat and Diamond. This rough implementation of forced scarcity will push the diff up exponentially to the point that if pushed far enough, copper could match the diff of Plat. As an artificial yet effective system it will regulate minting of all rewards based on actual money supply.

The chain it's self will be CPU mineable, having parameters that do not support GPU is an idea, but i will not fool myself, once there is enough money involved, someone will set out to do it. Look at QRK and XMP, people have decided to get rich and are working on it.  

The integration of libzero (or a hack of it) and POH is key because i believe that people have a right to a modicum of privacy, although many may say it encourages criminal activity, i still see paper money and bank transfers happen between criminals. At least this is digital money that for now cannot be used to buy coke at the corner. POH is my baby and i'd like to see how it does in the world, i do not mind a man who goes to Amazon and spends his money hoarding graphics cards, but i think it is immoral to infect computers that do not belong to you and commandeer them to mine for you.

  i actually caught someone installing cpuminer on hospital computers.


so, what do you think?

PPC and NVC has absolutely no such problems. An incompetency is the only source for all of this issues.

It's hard to accept, especially if you are creator of the dead currency, but it's a fact. Learning from mistakes is a normal way.

It seems that spent time wasn't enough, because it's quite simple and works fine.  

https://github.com/CryptoManiac/novacoin/blob/master/src/kernel.cpp#L329

Actually this concept is very similar to PoW approach, but with some fundamental differences, such as restricted data set for hashes generation.

Btw pretty much every some POW/POS coin seem to be in trouble when PoS blocks starts to actually roll. I've looked at the PoS codes for quite some time and trying to figure how in earth it works with everyone agreeing on the block generated. My conclusion pretty much is, it doesnt

edit: I dont have done that much research to look at every coin, but lately many coins have had problems with forks and stuck chains.

POH uses a coin validation system that requires you to validate POW and POS coins mined by mining a POH block after a certain amount of blocks, the only issue we are facing at the moment is that most users would circumvent this by using pools, ergo the pool runner is the one tasked with mining POH blocks. like i said we are still working on it.

libzero is experimental at the moment but basically it's a way to make transactions untraceable in the blockchain by minting unmarked coins that can later be redeemed with none the wiser. BTC once had "laundries" and "mixers" but these all died due to scams. libzero allows a user to transact anonymously, also you can clean your own coins by trading off into "zerocoins" then later redeeming them. Think of it as a mixed money system that has marked bills and unmarked coupons that any coin owner can trade around. It is highly experimental and most shy away from it's implementation, but i belive POH and this are the next logical step. but as they say, talk is cheap. I've read up on most of this and tried some things, however i sometimes feel out of my depth.

both

about POH?  or libzero?

POH uses a coin validation system that requires you to validate POW and POS coins mined by mining a POH block after a certain amount of blocks, the only issue we are facing at the moment is that most users would circumvent this by using pools, ergo the pool runner is the one tasked with mining POH blocks. like i said we are still working on it.

i'm listening. tell me more

This.

It is very much possible but would take some work.

do you have an idea how much damage botnets are doing to other systems, especially if they do not belong to you? The system is conceptual... it does not require frequent user input. the paper will be published in december with a working prototype.

Has this been done before? I would be interested in learning about this.

do the poh and your coin is ruined. I am human but I run a fairly large operations, wouldnt be clicking or filling something in. its run and forget.

oh, it was just a question, no plans at all 

was just curious, it seems integrating POS and libzerocoin is better from the beginning, have tried asking around but it seems no one is interested in adding anonymity to transactions.

ever heard of the POH system? proof of human, kinda conceptual at the moment but it works to cut off botnets.

Please don't, look at CAPs and ADT...