[RESURRECTION] Taking Beecoin to the Hive Flying!MANDATORY Client Update! - page 7.

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: soopy452000 on April 22, 2014, 12:41:21 PM

Quote from: xlilbearx on April 22, 2014, 12:24:59 PM

When will algorithm change + pos?soon or no?wait or not

Soon mate , as much I'm doing for BeeCoin more than I'm doing for my own or other coins , you'd have to wait a few days , Rome was not built in one day nor any coin I know of including BITCOIN!

Thanks soopy, we know it takes time to make a premium product.

I notice diamond has now copied our block tax idea

soopy452000

legendary

Activity: 1302

Merit: 1001

Founder - NavCoin Ⓝ

Quote from: xlilbearx on April 22, 2014, 12:24:59 PM

When will algorithm change + pos?soon or no?wait or not

Soon mate , as much I'm doing for BeeCoin more than I'm doing for my own or other coins , you'd have to wait a few days , Rome was not built in one day nor any coin I know of including BITCOIN!

xlilbearx

full member

Activity: 237

Merit: 100

When will algorithm change + pos?soon or no?wait or not

dygus

legendary

Activity: 1193

Merit: 1000

Peaky Blinder

Time is running. Start to do things. Any chabges, will be better than actually situation. Change the algo, take some taxes for project and stop talking about it. Look how long time it took.
Scopy do changes whatever you like. You have our support.

GREEDYJOHN

legendary

Activity: 1778

Merit: 1000

Quote from: soopy452000 on April 21, 2014, 10:22:29 PM

Dear All,

While making a small announcement , I would like to make it clear that all resurrection work that I do are solely based on and I rely on and wish that they would be appreciated with your generous and kind donations , I just want to let you all know that I'm not here to rake millions and millions through my work nor I am mining these coins or hold these coins in millions nor that I have mined these coins in large amounts and holding them nor that like the Original Developer I have premine and can dump them anytime and make a profit.

I simply work on an abandoned coin when I see it has potential and there's a good community behind it supporting it , now ofcourse while I put all my time into this and do all the needful there's nothing I'm gaining or profiting off nor am I expecting anything in return however it would have been great if my efforts are appreciated and respected by the community with such donations as I do also have running costs and other things to attend to like all of us humans do , commitments , bills and responsibilities and everything for me comes at a price though I do not set prices for what I do , it would have been nicer and respectful if my work and time were to be compensated by your generous contributions/donations for uninterrupted flow of my work and to help me with my commitments while I'm working.

~SoopY~

Don't mind these members, they dare to make comments on how BEECOIN should be run, without even donating a dime.

soopy452000

legendary

Activity: 1302

Merit: 1001

Founder - NavCoin Ⓝ

Dear All,

While making a small announcement , I would like to make it clear that all resurrection work that I do are solely based on and I rely on and wish that they would be appreciated with your generous and kind donations , I just want to let you all know that I'm not here to rake millions and millions through my work nor I am mining these coins or hold these coins in millions nor that I have mined these coins in large amounts and holding them nor that like the Original Developer I have premine and can dump them anytime and make a profit.

I simply work on an abandoned coin when I see it has potential and there's a good community behind it supporting it , now ofcourse while I put all my time into this and do all the needful there's nothing I'm gaining or profiting off nor am I expecting anything in return however it would have been great if my efforts are appreciated and respected by the community with such donations as I do also have running costs and other things to attend to like all of us humans do , commitments , bills and responsibilities and everything for me comes at a price though I do not set prices for what I do , it would have been nicer and respectful if my work and time were to be compensated by your generous contributions/donations for uninterrupted flow of my work and to help me with my commitments while I'm working.

~SoopY~

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: GREEDYJOHN on April 21, 2014, 10:15:17 AM

Quote from: cryptohunter on April 20, 2014, 03:23:01 PM

Quote from: GREEDYJOHN on April 20, 2014, 02:59:06 PM

Quote from: bluejean on April 20, 2014, 02:43:56 PM

Whitecoin may be popular because of Blackcoin. They are both POW/POS hybrids. Blackcoin is and has been completely POW mined and is strictly POS at this point. Staking is every 8 hours to help keep the blockchain secure and a multipool is set up for miners to mine other coins whose profits are spent on Blackcoin. Whitecoin will be completely POW mined within a few days and also go purely POS...supported also by POS staking and multipool. Whitecoin is a scrypt algo coin....not sure about Blackcoin...but it doesn't matter since it has been unmineable since block 10000.

BEECOIN is not as lucky as whitecoin. We NEED x11 + POS as a selling point to attract miners. When we attract miners, we will win many votes to get onto a major exchange - then POS kicks in.

x11 + POS is a MAJOR SELLING POINT.

GAMES and block tax may come later. We just want feature to make beecoin unique and popular.

I don't mind either way... but the inflating should only be done through POS. 1% per year but regular staking for security. I'm not sure what the original POW final blocks were.. perhaps 1000? not sure, however we could put that down to 100 or 20 even since now we will have pos.

We should just push ahead either way i don't mind.

Soopy's method is best. Who knows, we may become popular merely by algo change, as this will attract a crowd of miners.

we will become popular from good marketing... sure let's go with keeping blocks as they are then with x11 and POS.

the block tax needs to be from each block gradually as we go... so from each block mined 2% 2% 2% or whatever % we decide, constant flow of coins coming in for various things.

GREEDYJOHN

legendary

Activity: 1778

Merit: 1000

Quote from: cryptohunter on April 20, 2014, 03:23:01 PM

Quote from: GREEDYJOHN on April 20, 2014, 02:59:06 PM

Quote from: bluejean on April 20, 2014, 02:43:56 PM

Whitecoin may be popular because of Blackcoin. They are both POW/POS hybrids. Blackcoin is and has been completely POW mined and is strictly POS at this point. Staking is every 8 hours to help keep the blockchain secure and a multipool is set up for miners to mine other coins whose profits are spent on Blackcoin. Whitecoin will be completely POW mined within a few days and also go purely POS...supported also by POS staking and multipool. Whitecoin is a scrypt algo coin....not sure about Blackcoin...but it doesn't matter since it has been unmineable since block 10000.

BEECOIN is not as lucky as whitecoin. We NEED x11 + POS as a selling point to attract miners. When we attract miners, we will win many votes to get onto a major exchange - then POS kicks in.

x11 + POS is a MAJOR SELLING POINT.

GAMES and block tax may come later. We just want feature to make beecoin unique and popular.

I don't mind either way... but the inflating should only be done through POS. 1% per year but regular staking for security. I'm not sure what the original POW final blocks were.. perhaps 1000? not sure, however we could put that down to 100 or 20 even since now we will have pos.

We should just push ahead either way i don't mind.

Soopy's method is best. Who knows, we may become popular merely by algo change, as this will attract a crowd of miners.

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: GREEDYJOHN on April 20, 2014, 02:59:06 PM

Quote from: bluejean on April 20, 2014, 02:43:56 PM

Whitecoin may be popular because of Blackcoin. They are both POW/POS hybrids. Blackcoin is and has been completely POW mined and is strictly POS at this point. Staking is every 8 hours to help keep the blockchain secure and a multipool is set up for miners to mine other coins whose profits are spent on Blackcoin. Whitecoin will be completely POW mined within a few days and also go purely POS...supported also by POS staking and multipool. Whitecoin is a scrypt algo coin....not sure about Blackcoin...but it doesn't matter since it has been unmineable since block 10000.

BEECOIN is not as lucky as whitecoin. We NEED x11 + POS as a selling point to attract miners. When we attract miners, we will win many votes to get onto a major exchange - then POS kicks in.

x11 + POS is a MAJOR SELLING POINT.

GAMES and block tax may come later. We just want feature to make beecoin unique and popular.

I don't mind either way... but the inflating should only be done through POS. 1% per year but regular staking for security. I'm not sure what the original POW final blocks were.. perhaps 1000? not sure, however we could put that down to 100 or 20 even since now we will have pos.

We should just push ahead either way i don't mind.

GREEDYJOHN

legendary

Activity: 1778

Merit: 1000

Quote from: bluejean on April 20, 2014, 02:43:56 PM

Whitecoin may be popular because of Blackcoin. They are both POW/POS hybrids. Blackcoin is and has been completely POW mined and is strictly POS at this point. Staking is every 8 hours to help keep the blockchain secure and a multipool is set up for miners to mine other coins whose profits are spent on Blackcoin. Whitecoin will be completely POW mined within a few days and also go purely POS...supported also by POS staking and multipool. Whitecoin is a scrypt algo coin....not sure about Blackcoin...but it doesn't matter since it has been unmineable since block 10000.

BEECOIN is not as lucky as whitecoin. We NEED x11 + POS as a selling point to attract miners. When we attract miners, we will win many votes to get onto a major exchange - then POS kicks in.

x11 + POS is a MAJOR SELLING POINT.

GAMES and block tax may come later. We just want feature to make beecoin unique and popular.

bluejean

member

Activity: 74

Merit: 10

Whitecoin may be popular because of Blackcoin. They are both POW/POS hybrids. Blackcoin is and has been completely POW mined and is strictly POS at this point. Staking is every 8 hours to help keep the blockchain secure and a multipool is set up for miners to mine other coins whose profits are spent on Blackcoin. Whitecoin will be completely POW mined within a few days and also go purely POS...supported also by POS staking and multipool. Whitecoin is a scrypt algo coin....not sure about Blackcoin...but it doesn't matter since it has been unmineable since block 10000.

GREEDYJOHN

legendary

Activity: 1778

Merit: 1000

SOOPY IS THE MAN! YES!

GREEDYJOHN

legendary

Activity: 1778

Merit: 1000

Quote from: bluejean on April 20, 2014, 02:19:22 PM

There was a 3rd option to leave the algo as is and model the coin after Blackcoin. Increase the block reward to 200000 until next 5 billion coins is mined. This would leave 5 billion coins approx for POS at 2% per year. Cryptohunter can give you more details. I think it's a valid option and should be included in the poll. Blackcoin is doing great and even Whitecoin is going along quite nicely during it's POW phase...even with all the multipool dumping.

x11 + POS is a marketing strategy to prove that beecoin is a superior coin. This will attract major miners to the game, just before POS kicks in.

Whitecoin is popular because of Blackcoin. Blackcoin is popular because of its algorithm

bluejean

member

Activity: 74

Merit: 10

There was a 3rd option to leave the algo as is and model the coin after Blackcoin. Increase the block reward to 200000 until next 5 billion coins is mined. This would leave 5 billion coins approx for POS at 2% per year. Cryptohunter can give you more details. I think it's a valid option and should be included in the poll. Blackcoin is doing great and even Whitecoin is going along quite nicely during it's POW phase...even with all the multipool dumping.

GREEDYJOHN

legendary

Activity: 1778

Merit: 1000

Quote from: BeeCoinDev on April 20, 2014, 12:53:59 PM

The Implementation will be done in 3 Stages.

1 - Change of Algorithm

2 - Block Tax Integration

3 - Wallet Gaming and Faucets and Distributional Channels.

As the main change would be the Algorithm it will have priority and all else will be integrated within a time frame of maximum a month to keep a time period for everyone to have sometime getting used to the new Algorithm and not to rush into immediate update after update.

Does this sound good , the Change of Algorithm can be delivered within 3 - 4 days at max.

Do tell me your thoughts on this and regards to re- polling I believe it's a battle between Blake and X11 now and POS is anyway added to either , so I believe not going to another poll to just choose 1 from the either 2 the votes received in the next 12 hours will be counted valid and votes thereafter are void.

I will post a Poll to decide the next additions shortly after starting development work.

Is this good?

~SoopY~

1 - No need to re-poll, just chose the best option, with POS.

2 - We need to eliminate random blocks, so that we have fixed block rewards or block rewards that are inversely proportional to hashing power.

3 - Are we going to alter the total coinage, to 27 - 30bn, to accommodate for POS and Block tax?

BeeCoinDev

newbie

Activity: 38

Merit: 0

The Implementation will be done in 3 Stages.

1 - Change of Algorithm

2 - Block Tax Integration

3 - Wallet Gaming and Faucets and Distributional Channels.

As the main change would be the Algorithm it will have priority and all else will be integrated within a time frame of maximum a month to keep a time period for everyone to have sometime getting used to the new Algorithm and not to rush into immediate update after update.

Does this sound good , the Change of Algorithm can be delivered within 3 - 4 days at max.

Do tell me your thoughts on this and regards to re- polling I believe it's a battle between Blake and X11 now and POS is anyway added to either , so I believe not going to another poll to just choose 1 from the either 2 the votes received in the next 12 hours will be counted valid and votes thereafter are void.

I will post a Poll to decide the next additions shortly after starting development work.

Is this good?

~SoopY~

GREEDYJOHN

legendary

Activity: 1778

Merit: 1000

WE ARE GIVING SOOPY A LOT OF HARD WORK, WHILE VERY FEW PEOPLE HAVE ACTUALLY MADE DONATIONS.

GREEDYJOHN

legendary

Activity: 1778

Merit: 1000

Quote from: bluejean on April 20, 2014, 10:06:17 AM

Set up a poll with a few choices. Since POS won the last poll, there shouldn't be a choice without it.

1. X11 + POS - everything stays on course as is except random rewards are changed to fixed. POS rate is 2% per year.

2. Blake256 + POS - everything stays on course as is except random rewards are changed to fixed. POS rate is 2% per year.

3. Model after Blackcoin - no change to algo - increase block rewards to 200,000 up to 5 billion coins to accelerate time to POS - POS rate is 2% per year with 5 billion remaining coins.

Set up a second poll for block tax.

1. 2% dev - 2% games - 2% bee projects

2. 2% dev - 3% games - 2% bee projects

3. 2% dev - 3% games - 3% bee projects

Set up a third poll to decide adding to the total coin minting or not for future project support.

1. No

2. Yes - 3 billion

3. Yes - 6 billion

Just suggestions but polls would be decisive and show the community's preferences. If we only have one poll, it leaves room to argue about the other items. Just my 2 bees....

Set up a second poll for block tax. It should look like this:

1. 2% dev - 2% games - 2% bee projects

2. 2% dev - 3% games - 2% bee projects

3. 2% dev - 4% games - 2% bee projects

Gambling games are a marketing tool to make beecoin notorious. They are a better alternative to giveaway faucets - people who want "freeBEES" should play on the QT client.

These are just suggestions, nothing is cast in stone yet.

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: bluejean on April 20, 2014, 10:06:17 AM

Set up a poll with a few choices. Since POS won the last poll, there shouldn't be a choice without it.

1. X11 + POS - everything stays on course as is except random rewards are changed to fixed. POS rate is 2% per year.

2. Blake256 + POS - everything stays on course as is except random rewards are changed to fixed. POS rate is 2% per year.

3. Model after Blackcoin - no change to algo - increase block rewards to 200,000 up to 5 billion coins to accelerate time to POS - POS rate is 2% per year with 5 billion remaining coins.

Set up a second poll for block tax.

1. 2% dev - 2% games - 2% bee projects

2. 2% dev - 3% games - 2% bee projects

3. 2% dev - 3% games - 3% bee projects

Set up a third poll to decide adding to the total coin minting or not for future project support.

1. No

2. Yes - 3 billion

3. Yes - 6 billion

Just suggestions but polls would be decisive and show the community's preferences. If we only have one poll, it leaves room to argue about the other items. Just my 2 bees....

Yup the only way to do it.

bluejean

member

Activity: 74

Merit: 10

Set up a poll with a few choices. Since POS won the last poll, there shouldn't be a choice without it.

1. X11 + POS - everything stays on course as is except random rewards are changed to fixed. POS rate is 2% per year.

2. Blake256 + POS - everything stays on course as is except random rewards are changed to fixed. POS rate is 2% per year.

3. Model after Blackcoin - no change to algo - increase block rewards to 200,000 up to 5 billion coins to accelerate time to POS - POS rate is 2% per year with 5 billion remaining coins.

Set up a second poll for block tax.

1. 2% dev - 2% games - 2% bee projects

2. 2% dev - 3% games - 2% bee projects

3. 2% dev - 3% games - 3% bee projects

Set up a third poll to decide adding to the total coin minting or not for future project support.

1. No

2. Yes - 3 billion

3. Yes - 6 billion

Just suggestions but polls would be decisive and show the community's preferences. If we only have one poll, it leaves room to argue about the other items. Just my 2 bees....

Topic: [RESURRECTION] Taking Beecoin to the Hive Flying!MANDATORY Client Update! - page 7. (Read 24475 times)