★ [PULSE] INNOVATION? What do you think of this new way of block generation? ★

askcoin2

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Quote from: Jonesd on December 04, 2014, 11:11:46 AM

Quote from: MisO69 on December 04, 2014, 10:43:42 AM

Nice to see real innovation. I like it, however, as a miner I also like the regular pay outs.

Good luck with QB, I remember back when it was launched I was one of the first to mine. I had my coins on an exchange, trying to sell them, then the exchange disappeared Cry

. Oh well..

It´s a long term project, so hopefully we will benefit in the future. Which exchange?

Maybe AskCoin ?

Jonesd

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Activity: 1876

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Quote from: MisO69 on December 04, 2014, 10:43:42 AM

Nice to see real innovation. I like it, however, as a miner I also like the regular pay outs.

Good luck with QB, I remember back when it was launched I was one of the first to mine. I had my coins on an exchange, trying to sell them, then the exchange disappeared Cry

. Oh well..

It´s a long term project, so hopefully we will benefit in the future. Which exchange?

MisO69

legendary

Activity: 1946

Merit: 1005

My mule don't like people laughing

Nice to see real innovation. I like it, however, as a miner I also like the regular pay outs.

Good luck with QB, I remember back when it was launched I was one of the first to mine. I had my coins on an exchange, trying to sell them, then the exchange disappeared Cry

. Oh well..

shursight

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Activity: 728

Merit: 500

Quote from: shadowmoon on December 04, 2014, 10:32:06 AM

Every new technology and welcome.
It has been tested Huh

you like?

shadowmoon

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ActionCrypto.com ★ Bitcoin Binary Options

Every new technology and welcome.
It has been tested Huh

shursight

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Activity: 728

Merit: 500

very innovative

lcharles123

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The decrease in size blockchain how many % ? in bitcoin for example: You can implement this form of generating blocks now?

yampi

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How about fractional rewarding to prevent multipool's from being profitable?

biggus dickus

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Quote from: Jonesd on November 05, 2014, 05:06:07 AM

What about the difficulty adjustment
If the network regresses and less power is at disposal, the difficulty will be automatically lowered again. The
difficulty will lower faster than it will rise. That's why there'.s more pressure downwards. This is to avoid having
hard blocks and small miners that can't take it.

What if a big multi-pool moves in, mines loads of easy blocks, then leaves with the difficulty sky high and only small time miners left mining?

yampi

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What if people decide to only send transactions when network hashrate is low to pay lower fees?

majeis

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Quote from: Jonesd on November 05, 2014, 06:45:59 AM

Quote from: lifeforcepools on November 05, 2014, 06:06:11 AM

Quote from: Jonesd on November 05, 2014, 05:59:10 AM

Quote from: lifeforcepools on November 05, 2014, 05:41:32 AM

Its interesting but I prefer a different method of slowing down the introduction of new blocks

Do you have something in mind?

yes - but I'm saving the idea for my coin: LOL

however I do like your idea - though I'm not suite sure what your true goal is with this implementation

what is the real goal?

it would appear to reward people to transferring coins somehow - either from pools to their wallets or from personal wallets to exchange wallets. A simple bot could fool you easily into continuing to introduce blocks if it's just transactions you're looking at.

forgive me if I've missed something here.

This was a concern we had as well, but we think we balance it out by making the rewards for something like that low. The reward of the TX block is too low to benefit from it by an individual bot. If we do notice this becoming a problem in the future, we might instill higher fees.

As long as there is a way to automate the making of free money, you can count on it being an ongoing concern unless your revival proves to be too unpopular.

Jonesd

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Some more info on PULSE:

Jonesd

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Activity: 1876

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Quote from: lifeforcepools on November 05, 2014, 06:06:11 AM

Quote from: Jonesd on November 05, 2014, 05:59:10 AM

Quote from: lifeforcepools on November 05, 2014, 05:41:32 AM

Its interesting but I prefer a different method of slowing down the introduction of new blocks

Do you have something in mind?

yes - but I'm saving the idea for my coin: LOL

however I do like your idea - though I'm not suite sure what your true goal is with this implementation

what is the real goal?

it would appear to reward people to transferring coins somehow - either from pools to their wallets or from personal wallets to exchange wallets. A simple bot could fool you easily into continuing to introduce blocks if it's just transactions you're looking at.

forgive me if I've missed something here.

What kind of coin are you thinking of creating?

Jonesd

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Activity: 1876

Merit: 1014

Quote from: lifeforcepools on November 05, 2014, 06:06:11 AM

Quote from: Jonesd on November 05, 2014, 05:59:10 AM

Quote from: lifeforcepools on November 05, 2014, 05:41:32 AM

Its interesting but I prefer a different method of slowing down the introduction of new blocks

Do you have something in mind?

yes - but I'm saving the idea for my coin: LOL

however I do like your idea - though I'm not suite sure what your true goal is with this implementation

what is the real goal?

it would appear to reward people to transferring coins somehow - either from pools to their wallets or from personal wallets to exchange wallets. A simple bot could fool you easily into continuing to introduce blocks if it's just transactions you're looking at.

forgive me if I've missed something here.

This was a concern we had as well, but we think we balance it out by making the rewards for something like that low. The reward of the TX block is too low to benefit from it by an individual bot. If we do notice this becoming a problem in the future, we might instill higher fees.

lifeforcepools

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Activity: 616

Merit: 253

Quote from: Jonesd on November 05, 2014, 05:59:10 AM

Quote from: lifeforcepools on November 05, 2014, 05:41:32 AM

Its interesting but I prefer a different method of slowing down the introduction of new blocks

Do you have something in mind?

yes - but I'm saving the idea for my coin: LOL

however I do like your idea - though I'm not suite sure what your true goal is with this implementation

what is the real goal?

it would appear to reward people to transferring coins somehow - either from pools to their wallets or from personal wallets to exchange wallets. A simple bot could fool you easily into continuing to introduce blocks if it's just transactions you're looking at.

forgive me if I've missed something here.

Jonesd

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Activity: 1876

Merit: 1014

Quote from: lifeforcepools on November 05, 2014, 05:41:32 AM

Its interesting but I prefer a different method of slowing down the introduction of new blocks

Do you have something in mind?

lifeforcepools

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Activity: 616

Merit: 253

Its interesting but I prefer a different method of slowing down the introduction of new blocks

Jonesd

legendary

Activity: 1876

Merit: 1014

Quote from: KeyserSozeMC on November 05, 2014, 05:06:39 AM

~~Reading.~~

So, it's like a checkpoint every 300 seconds?
This is new technology actually. Well done.

Also good to note that we have successfully tested it for over a month now!

Jonesd

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Activity: 1876

Merit: 1014

Quote from: KeyserSozeMC on November 05, 2014, 05:06:39 AM

~~Reading.~~

So, it's like a checkpoint every 300 seconds?
This is new technology actually. Well done.

Exactly, thanks!

Don't forget to check out our white paper!

KeyserSozeMC

hero member

Activity: 742

Merit: 500

I'm dying.

~~Reading.~~

So, it's like a checkpoint every 300 seconds?
This is new technology actually. Well done.

Topic: ★ [PULSE] INNOVATION? What do you think of this new way of block generation? ★ (Read 2447 times)