Topic: [PRE-ANN] - The WhiteCoin Foundation - Community Planning & Discussion - page 36. (Read 89566 times)

You are correct.

2 days good. Yes, let's get wallet going.

All things aside, how realistic is it to expect an updated wallet within the next 24 hrs?

I think what he's saying is that if they put a 12 hr stake in, and people don't update their wallets in that first 12 hours, the coin in their wallets may be lost? Or am I completely missing it? If that is the case, we need more than 12 hours to let people update wallets and catch up their clients.

Thanks for the info, mogonzo.

8 hours BC. 2 days WC. It does encourage wallets to be open 24/7, it's better... but I still believe 12 hour would be best for the coin, or even shorter time. BC doesn't have any problems with it's PoS model. There shouldn't be a compromise when WC future is dependent on fast PoS.

Anyone else feel the same?

That's a good compromise. That would be a shame if people weren't able to or didn't know about the updated wallet in time and lost their coins due to a 12 hour stake. 2 Days seems legit to me.

I believe the intention right now is 2 days.

The reasoning behind this is to do with the security of the blockchain. Our dev team is concerned that having the staking begin too early after the update could cause forks.

If any users are still on the old wallet when staking begins it would not be very good for the health of the coin. So we're going for a balance between what the original creators promised/intended and what will realistically give WhiteCoin the most value and stability going forward.

Hope that explains things.

mogonzo, can you please clarify the intentions of creating a 28 day stake time?

thanks

Maybe I'm simple, but I'm lost by this post. Are you sure you're in the right place for this?

18. Ku / Work on what has been spoiled [ Decay ]





   
above  Kên
KEEPING STILL, MOUNTAIN

   
below  Sun
THE GENTLE, WIND


The Chinese character ku represents a bowl in whose contents worms are
breeding. This means decay. IT is come about because the gentle indifference
in the lower trigram has come together with the rigid inertia of the upper,
and the result is stagnation. Since this implies guilt, the conditions embody a
demand for removal of the cause. Hence the meaning of the hexagram is not
simply "what has been spoiled" but "work on what has been spoiled".  

   THE JUDGMENT


   WORK ON WHAT HAS BEEN SPOILED
   Has supreme success.
   It furthers one to cross the great water.
   Before the starting point, three days.
   After the starting point, three days.

What has been spoiled through man's fault can be made good again through
man's work. IT is not immutable fate, as in the time of STANDSTILL, that
has caused the state of corruption, but rather the abuse of human freedom.
Work toward improving conditions promises well, because it accords the
possibilities of the time. We must not recoil from work and danger-
symbolized by crossing of the great water-but must take hold energetically.
Success depends, however, on proper deliberation. This is expressed by the
lines, "Before the starting point, three days. After the starting point, three
days." We must first know the cause of corruption before we can do away
with them; hence it is necessary to be cautious during the time before the
start. Then we must see to it that the new way is safely entered upon, so that
a relapse may be avoided; therefore we must pay attention to the time after
the start. Decisiveness and energy must take the place of inertia and
indifference that have led to decay, in order that the ending may be followed
by a new beginning.

   THE IMAGE


   The wind blows low on the mountain:
   The image of DECAY.
   Thus the superior man stirs up the people
   And strengthens their spirit.

When the wind blow s slow on the mountain, it is thrown back and spoils
the vegetation. This contains a challenge to improvement. It is the same
with debasing attitudes and fashions; they corrupt human society. His
methods likewise must be derived from the two trigrams, but in such a way
that their effects unfold in orderly sequence. The superior must first remove
stagnation by stirring up public opinion, as the wind stirs up everything, and
must strengthen and tranquilize the character of the people, as the mountain
gives tranquillity and nourishment to all that grows in its vicinity.

   
   THE LINES


   Six in the beginning means:
   Setting right what has been spoiled by the father.
   If there is a son,
   No blame rests upon the departed father.
   Danger. In the end good fortune.

Rigid adherence to tradition has resulted in decay. But the decay has not yet
penetrated deeply and so can still be easily remedied. It is as if a son were
compensated for the decay his father allowed to creep in. Then no blame
attaches to the father. However, one must not overlook the danger or take
the matter too lightly. Only if one is conscious of the danger connected with
every reform will everything go well in the end.

   Nine in the second place means:
   Setting right what has been spoiled by the mother.
   One must not be too persevering.

   
This refers to mistakes that as a result of weakness have brought about decay-
hence the symbol, "what has been spoiled by the mother. " In setting things
right in such a case, a certain gentle consideration is called for. In order not to
wound, one should not attempt to proceed too drastically.
   
   Nine in the third place means:
   Setting right what has been spoiled by the father.
   There will be a little remorse. No great blame.

This describes a man who proceeds a little too energetically in righting the
mistakes of the past. Now and then, as a result, minor discourse and
annoyances will surely develop. But too much energy is better than too little.
Therefore, although he may at times have slight cause for regret, he remains
free of any serious blame.

   Six in the fourth place means:
   Tolerating what has been spoiled by the father.
   In continuing one sees humiliation.

   
This shows the situation of someone too weak to take measures against decay
that has its roots in the past and is just beginning to manifest itself. It is
allowed to run its course. If this continues, humiliation will result.

   Six in the fifth place means:
   Setting right what has been spoiled by the father.
   One meets with praise.

An individual is confronted with corruption originating from neglect in
former times. He lacks the power to ward it off alone, but with able helpers
he can at least bring about a thorough reform, if he cannot create a new
beginning, and this also is praiseworthy.


   Nine at the top means:
   He does not serve kings and princes,
   Sets himself higher goals.

   
Not every man has an obligation to mingle in the affairs of the world. There
are some who are developed to such a degree that they are justified in letting
the world go its own way and refusing to enter public life with a view to
reforming it. But this does not imply a right to remain idle or to sit back and
merely criticize. Such withdrawal is justified only when we strive to realize
in ourselves the higher aims of mankind. For although the sage remains
distant from the turmoil of daily life, he creates incomparable human values
for the future.

http://www.cryptoarticles.com/crypto-news/2014/4/29/updated-whitecoin-client-confirmed-to-stake-on-testnet-release-imminent#

Small article about the updates, keep up the good work

that is not the problem, the problem is, if the pos period is 21 or 28 and POW take over after 7 days, how to maintain chain between pow over and pos start! so we have to give away free hashpower to maintain chain, otherwise, transactions ll be impossible and the coin ll die.

Someone on irc just linked this picture..

I wouldn't even wait for PoS if it was 28 days...a LOT can happen in the crypto world in a month.  I don't think this length of PoS time will benefit the coin much if any.

If what the new devs say, that the original dev was the one who developed GHC(WC a copy of that coin), I must admit that stacking started only after 21 days, still got the wallet and could post some info.

the oldest whitecoin created (mined) has only 15 days now. so it is not yet ready to be staked! (if we consider the period = 28 days)
if the POS period is not reduced ,  no whitecoin will be staked before  two weeks, so it will be pos nor after 2 weeks. that's means do we will have to provide free hashpower to maintain the chain for 2 more weeks!?

exactly this!  

exactly. this isn't some little thing or glitch. it's the core of WC at stake... pun intended.

well the pos % is so small it makes no difference in terms of coins earned. However staking every 12 hours would keep the chain moving more as far as i know.