[POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦ - page 136.

rdyoung

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Quote from: fonzerrellie on August 31, 2015, 11:42:21 AM

Quote from: jheaton on August 31, 2015, 11:17:17 AM

Is it supposes to say (n/a) on transactions sending coins to and from yourself in same wallet?

on most coins, or it will say payment to yourself on other coins. but all them that I've seen the amount will be just the transaction fee

I spent all night sending my coins to new wallet... lol 10000 split into 50-400 coin chunks making sure each transaction was on a diff block, ha took forever

I just generated another 20+ addresses, about to start sending coins to those as well

. Gonna go slow and watch the system resources, I am also planning on using the daemon to stake once I get the addresses funded. With any luck between us we can kick the network in the ass. You really should have split those coins onto different addresses, if more than 1 block is eligible to stake it will eventually combine them back into one chunk and undo all your time spent.

Edit: I think I will stick to the 50 addresses I have. Every few hours I will send fresh chunks of coins to them, maybe I will get lucky and it won't combine them right away.

fonzerrellie

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Kaspa

Quote from: jheaton on August 31, 2015, 11:17:17 AM

Is it supposes to say (n/a) on transactions sending coins to and from yourself in same wallet?

on most coins, or it will say payment to yourself on other coins. but all them that I've seen the amount will be just the transaction fee

I spent all night sending my coins to new wallet... lol 10000 split into 50-400 coin chunks making sure each transaction was on a diff block, ha took forever

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: jheaton on August 31, 2015, 11:17:17 AM

Is it supposes to say (n/a) on transactions sending coins to and from yourself in same wallet?

Probably. I think most if not all coins have it say that when you send yourself coins.

jheaton

full member

Activity: 241

Merit: 101

Is it supposes to say (n/a) on transactions sending coins to and from yourself in same wallet?

rdyoung

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Activity: 994

Merit: 1000

Quote from: sulfurtank on August 31, 2015, 09:10:54 AM

Quote from: rdyoung on August 30, 2015, 02:57:10 PM

Quote from: fonzerrellie on August 30, 2015, 02:20:34 PM

are you doing the math as if 100% of the coins will be staked each year?? when MINT ended up doing it's stats at the end of their first year it turned out to be way less than 100% of total coins were staked which means inflation was way less than they had originally expected... I think it was something like less than 12% instead of the possible 20%

on the exchange side of things... with the fork we had a few weeks before the switch to posv, I'm wondering how many coins were sent to the exchanges from the bad fork? is that part of the problem that is slowing down cryptsy and ttrex from updating?

I would love to get my coins off the exchange and in my wallet staking.

edit: I'm going to break up the POT I have already in my wallet into smaller deposits to spread it over the blockchain more to try to help it pick up to it's proper speed... if you have all your POT in 1 big chunk doing the same could really help the network speed/weight balance out

Yes and No. POSv2.0 takes the 5% of the entire money supply and divides that among the actively staking coins, so yes, potcoin will continue to grow at 5-6%/year regardless of what % of coins are actively staking.

Coins being sent TO the exchanges on the wrong chain wouldn't be an issue the exchanges have to resolve, unless those coins were credited and sold before they took the wallets down. It will be up to anyone who sent funds on the fork to reindex, salvage, whatever is needed to get the coins back.

I am currently working on creating a wallet with up to 500 separate addresses all fed with 10pot to get things rolling. I am up to 30 addresses created and funded, my only concern is the system resources needed to keep track of that many addresses, I am running it on a vps that isn't too great on specs.

Scaling interest rate from 1-x.x% would be ideal. The higher you're holding and your network weight, the higher your interest rate.

That would negate the fairness and openness of POS mining, it would also lead to hoarding of the coin rather than conducting business with it. POSv aims to incentive transacting by accelerating the weight gained over the first couple of weeks.
The only way that would work and keep it fair is if we took a play from dash and others with MasterNodes, you can get xx%/apr as long as your funds aren't moved for x # of days or locked down like dash, as soon as that tx moves then the extra earnings go away. I would definitely invest in and support a coin that was setup like a CD or other locked investments.

sulfurtank

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Activity: 592

Merit: 500

Quote from: rdyoung on August 30, 2015, 02:57:10 PM

Quote from: fonzerrellie on August 30, 2015, 02:20:34 PM

are you doing the math as if 100% of the coins will be staked each year?? when MINT ended up doing it's stats at the end of their first year it turned out to be way less than 100% of total coins were staked which means inflation was way less than they had originally expected... I think it was something like less than 12% instead of the possible 20%

on the exchange side of things... with the fork we had a few weeks before the switch to posv, I'm wondering how many coins were sent to the exchanges from the bad fork? is that part of the problem that is slowing down cryptsy and ttrex from updating?

I would love to get my coins off the exchange and in my wallet staking.

edit: I'm going to break up the POT I have already in my wallet into smaller deposits to spread it over the blockchain more to try to help it pick up to it's proper speed... if you have all your POT in 1 big chunk doing the same could really help the network speed/weight balance out

Yes and No. POSv2.0 takes the 5% of the entire money supply and divides that among the actively staking coins, so yes, potcoin will continue to grow at 5-6%/year regardless of what % of coins are actively staking.

Coins being sent TO the exchanges on the wrong chain wouldn't be an issue the exchanges have to resolve, unless those coins were credited and sold before they took the wallets down. It will be up to anyone who sent funds on the fork to reindex, salvage, whatever is needed to get the coins back.

I am currently working on creating a wallet with up to 500 separate addresses all fed with 10pot to get things rolling. I am up to 30 addresses created and funded, my only concern is the system resources needed to keep track of that many addresses, I am running it on a vps that isn't too great on specs.

Scaling interest rate from 1-x.x% would be ideal. The higher you're holding and your network weight, the higher your interest rate.

redhack

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Is this coin takeover or still the same as day one? I was away from potcoin news.

rdyoung

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Activity: 994

Merit: 1000

Quote from: michelem on August 31, 2015, 04:12:36 AM

Do you have any idea why I receive a Segmentation fault with the latest potcoind version? It is running in a Linux 64bit with pre-compiled binary.
I didn't have this kind pf problem with previous versions.

It seems it dies (segfaults) as soon as it receives a mininginfo command (ThreadRPCServer method=getmininginfo).

EDIT: It seems the problem is the option

Code:

-disablewallet

, running it without that works fine.

This could be the bug that bittrex bumped into. You should get in contact with one of the devs, davidpot5 or redrhino007, they are more active on reddit than here.

rdyoung

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Quote from: fonzerrellie on August 31, 2015, 02:02:11 AM

Quote from: jheaton on August 30, 2015, 09:53:45 PM

when you guy's talk about creating a bunch of addresses are all you're doing is making multiple receiving address and sending pot to yourself in the same wallet?

I don't make multiple addresses, I make a new wallet and save an address from it in a text document or something and svae it's wallet.dat... then I load my original wallet and start sending my coins in small chunks to the address I saved from the 2nd wallet. each small deposit can find a pos block instead of having them all in 1 large deposit that only finds 1 block then has to mature again.

it's also a very good "trick" to use on "dpos" coins (or coins that give a set amount for pos reward instead of %)

This trick works fine if the splitthreshold is set to a reasonable #. With the low # of blocks/addresses vying for a stake all of those small txs will get lumped together sooner than later, you will also need to have the private key imported to the new wallet so that txs can be signed and transmitted with the coins in that address.

As to @jheatons question, YES, that is what I am talking about. I wouldn't have to do it if the devs would listen to me and fix the split/combine. If I were comfortable modifying the code and compiling my own wallet I would do so without hesitation. Until then, I and hopefully others will take this PIA route and get the network up to speed.

michelem

legendary

Activity: 1015

Merit: 1000

Do you have any idea why I receive a Segmentation fault with the latest potcoind version? It is running in a Linux 64bit with pre-compiled binary.
I didn't have this kind pf problem with previous versions.

It seems it dies (segfaults) as soon as it receives a mininginfo command (ThreadRPCServer method=getmininginfo).

EDIT: It seems the problem is the option

Code:

-disablewallet

, running it without that works fine.

fonzerrellie

legendary

Activity: 1190

Merit: 1000

Kaspa

Quote from: jheaton on August 30, 2015, 09:53:45 PM

when you guy's talk about creating a bunch of addresses are all you're doing is making multiple receiving address and sending pot to yourself in the same wallet?

I don't make multiple addresses, I make a new wallet and save an address from it in a text document or something and svae it's wallet.dat... then I load my original wallet and start sending my coins in small chunks to the address I saved from the 2nd wallet. each small deposit can find a pos block instead of having them all in 1 large deposit that only finds 1 block then has to mature again.

it's also a very good "trick" to use on "dpos" coins (or coins that give a set amount for pos reward instead of %)

jheaton

full member

Activity: 241

Merit: 101

when you guy's talk about creating a bunch of addresses are all you're doing is making multiple receiving address and sending pot to yourself in the same wallet?

rdyoung

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Activity: 994

Merit: 1000

Quote from: richiela on August 30, 2015, 06:29:32 PM

An update from our side folks. We ran into a bug with the wallet that we're working with the dev team on right now. We'll reopen as soon as we understand it.

Thanks,
Richie

What was the bug?

And, thanks for keeping us in the loop

fonzerrellie

legendary

Activity: 1190

Merit: 1000

Kaspa

Quote from: richiela on August 30, 2015, 06:29:32 PM

An update from our side folks. We ran into a bug with the wallet that we're working with the dev team on right now. We'll reopen as soon as we understand it.

Thanks,
Richie

thanks a bunch for the update Cool

richiela

hero member

Activity: 937

Merit: 1000

An update from our side folks. We ran into a bug with the wallet that we're working with the dev team on right now. We'll reopen as soon as we understand it.

Thanks,
Richie

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: fonzerrellie on August 30, 2015, 04:56:40 PM

Quote from: rdyoung on August 30, 2015, 04:33:42 PM

Quote from: fonzerrellie on August 30, 2015, 03:08:17 PM

oh cool, I didn't realise that about posV Cool

thats pretty awesome

and yes the wallet runs a bit heavy so having that many chunks/deposits might increase it, I guess we'll find out soon enough. I'm just waiting for mine to come out of stake so I can start breaking mine up into a new wallet.

POSv 2.0 has that feature, the first POSv doesn't its 5% or 6% with active staking.
And yes, it is a very sweet feature, it means that as long 50% or fewer coins stay offline we could be seeing 10%/year+ on our staked coins

This is one hell of a reason to get them off the exchanges if your not actively trading.

I am thinking that I won't go with 500 as my goal, Maybe stick with 50 or so, my goal was to have as many as possible so that I could help goose the network along, but thats not going to happen in just one wallet.

I harassed richie again today Grin

Good, if when cryptsy ever replies to my reply I will keep smacking them around as well. Its almost like its deliberate, they both own a large chunk of the supply, they are quite literally suffocating the coin by having their respective wallets offline.

rdyoung

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Activity: 994

Merit: 1000

Quote from: dopecoindude on August 30, 2015, 04:52:29 PM

Quote from: fonzerrellie on August 30, 2015, 03:08:17 PM

oh cool, I didn't realise that about posV Cool

thats pretty awesome

and yes the wallet runs a bit heavy so having that many chunks/deposits might increase it, I guess we'll find out soon enough. I'm just waiting for mine to come out of stake so I can start breaking mine up into a new wallet.

POSV has worked very nicely for Dopecoin. I highly recommend getting into coins that does this. I love getting the little dividends for the 'stash' Grin

Just noticed your signature, dope was definitely not the first weed related crypto, pot was. Potcoin was launched 1-21-15, dope was launched about a month later.

Despite the above, I am 99% I am down to buy some dope

. Will make a good edition to my asset.

fonzerrellie

legendary

Activity: 1190

Merit: 1000

Kaspa

Quote from: rdyoung on August 30, 2015, 04:33:42 PM

Quote from: fonzerrellie on August 30, 2015, 03:08:17 PM

oh cool, I didn't realise that about posV Cool

thats pretty awesome

and yes the wallet runs a bit heavy so having that many chunks/deposits might increase it, I guess we'll find out soon enough. I'm just waiting for mine to come out of stake so I can start breaking mine up into a new wallet.

POSv 2.0 has that feature, the first POSv doesn't its 5% or 6% with active staking.
And yes, it is a very sweet feature, it means that as long 50% or fewer coins stay offline we could be seeing 10%/year+ on our staked coins

This is one hell of a reason to get them off the exchanges if your not actively trading.

I am thinking that I won't go with 500 as my goal, Maybe stick with 50 or so, my goal was to have as many as possible so that I could help goose the network along, but thats not going to happen in just one wallet.

I harassed richie again today Grin

dopecoindude

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Activity: 1512

Merit: 1000

The Dude Of DopeCoin

Quote from: fonzerrellie on August 30, 2015, 03:08:17 PM

oh cool, I didn't realise that about posV Cool

thats pretty awesome

and yes the wallet runs a bit heavy so having that many chunks/deposits might increase it, I guess we'll find out soon enough. I'm just waiting for mine to come out of stake so I can start breaking mine up into a new wallet.

POSV has worked very nicely for Dopecoin. I highly recommend getting into coins that does this. I love getting the little dividends for the 'stash' Grin

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: fonzerrellie on August 30, 2015, 03:08:17 PM

oh cool, I didn't realise that about posV Cool

thats pretty awesome

and yes the wallet runs a bit heavy so having that many chunks/deposits might increase it, I guess we'll find out soon enough. I'm just waiting for mine to come out of stake so I can start breaking mine up into a new wallet.

POSv 2.0 has that feature, the first POSv doesn't its 5% or 6% with active staking.
And yes, it is a very sweet feature, it means that as long 50% or fewer coins stay offline we could be seeing 10%/year+ on our staked coins

This is one hell of a reason to get them off the exchanges if your not actively trading.

I am thinking that I won't go with 500 as my goal, Maybe stick with 50 or so, my goal was to have as many as possible so that I could help goose the network along, but thats not going to happen in just one wallet.

Topic: [POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦ - page 136. (Read 920203 times)