Topic: [TRK] ★ TRUCKCOIN ★ Pure PoS up to 200% ★ Jan. 17, 2018 v1.1 MANDATORY UPDATE! - page 4. (Read 35099 times)
July 10, 2019, 02:23:44 AM
So do we need to fork to lower reward?
July 04, 2019, 08:09:19 PM
I agree to go to for a softening of the inflation and the time schedule, it gives it more value for potential investors who want to store their value.
listing on btcpop is very ok, I am open for a donation. I think it is good to ask the trk community for a donation.
In the next altcoins bull cycle it is very important to be on exchanges. I think DEX will be more important this time.
Also I think TRK is clearly not a security, but we should explain this more.
Another thing is that there will be a time high reward staking coins will be more popular (now all is targeted on professional investors, but retail will come on the second phase of the bullrun, they are fed up with their 0% interest rates with their bankaccounts)
I think it is also better to translate block reward to a clear APR rate, 200% is too much, but 20% is a good target APR eventually (clearly higher than most other popular staking coin which are between 5% and 10%.
listing on btcpop is very ok, I am open for a donation. I think it is good to ask the trk community for a donation.
In the next altcoins bull cycle it is very important to be on exchanges. I think DEX will be more important this time.
Also I think TRK is clearly not a security, but we should explain this more.
Another thing is that there will be a time high reward staking coins will be more popular (now all is targeted on professional investors, but retail will come on the second phase of the bullrun, they are fed up with their 0% interest rates with their bankaccounts)
I think it is also better to translate block reward to a clear APR rate, 200% is too much, but 20% is a good target APR eventually (clearly higher than most other popular staking coin which are between 5% and 10%.
20% interest rate will not lower the inflation.
Current inflation rate in case if all stakes hit 200 coins cap is 350000 (approx. blocks per year) * 200 = approx. 70 million coins.
With 20% rate and current total TRK supply of 264 million inflation for the year would be about the same - 20% is 53 million but actual rate will be higher because of constantly growing total supply.
With fixed 20 coins per block reward yearly inflated amount will be 10x times lower than current one - something about 7 million coins, and it will remain constant over the years.
And in this case we can advertise TRK as "mining without hardware" - fixed reward per block in much easier understandable in mining terms than percentage.
Regarding Btcpop listing, next week probably I will setup BTC and TRK donation addresses.
40 x 24 = 960 blocks max every day.
Since rewards are maxed out we end up with 70.080.000 TRK coins max. every year.
Because of this inflation will go down anyway.
July 02, 2019, 07:14:19 PM
I agree to go to for a softening of the inflation and the time schedule, it gives it more value for potential investors who want to store their value.
listing on btcpop is very ok, I am open for a donation. I think it is good to ask the trk community for a donation.
In the next altcoins bull cycle it is very important to be on exchanges. I think DEX will be more important this time.
Also I think TRK is clearly not a security, but we should explain this more.
Another thing is that there will be a time high reward staking coins will be more popular (now all is targeted on professional investors, but retail will come on the second phase of the bullrun, they are fed up with their 0% interest rates with their bankaccounts)
I think it is also better to translate block reward to a clear APR rate, 200% is too much, but 20% is a good target APR eventually (clearly higher than most other popular staking coin which are between 5% and 10%.
listing on btcpop is very ok, I am open for a donation. I think it is good to ask the trk community for a donation.
In the next altcoins bull cycle it is very important to be on exchanges. I think DEX will be more important this time.
Also I think TRK is clearly not a security, but we should explain this more.
Another thing is that there will be a time high reward staking coins will be more popular (now all is targeted on professional investors, but retail will come on the second phase of the bullrun, they are fed up with their 0% interest rates with their bankaccounts)
I think it is also better to translate block reward to a clear APR rate, 200% is too much, but 20% is a good target APR eventually (clearly higher than most other popular staking coin which are between 5% and 10%.
20% interest rate will not lower the inflation.
Current inflation rate in case if all stakes hit 200 coins cap is 350000 (approx. blocks per year) * 200 = approx. 70 million coins.
With 20% rate and current total TRK supply of 264 million inflation for the year would be about the same - 20% is 53 million but actual rate will be higher because of constantly growing total supply.
With fixed 20 coins per block reward yearly inflated amount will be 10x times lower than current one - something about 7 million coins, and it will remain constant over the years.
And in this case we can advertise TRK as "mining without hardware" - fixed reward per block in much easier understandable in mining terms than percentage.
Regarding Btcpop listing, next week probably I will setup BTC and TRK donation addresses.
July 02, 2019, 07:37:18 AM
I agree to go to for a softening of the inflation and the time schedule, it gives it more value for potential investors who want to store their value.
listing on btcpop is very ok, I am open for a donation. I think it is good to ask the trk community for a donation.
In the next altcoins bull cycle it is very important to be on exchanges. I think DEX will be more important this time.
Also I think TRK is clearly not a security, but we should explain this more.
Another thing is that there will be a time high reward staking coins will be more popular (now all is targeted on professional investors, but retail will come on the second phase of the bullrun, they are fed up with their 0% interest rates with their bankaccounts)
I think it is also better to translate block reward to a clear APR rate, 200% is too much, but 20% is a good target APR eventually (clearly higher than most other popular staking coin which are between 5% and 10%.
listing on btcpop is very ok, I am open for a donation. I think it is good to ask the trk community for a donation.
In the next altcoins bull cycle it is very important to be on exchanges. I think DEX will be more important this time.
Also I think TRK is clearly not a security, but we should explain this more.
Another thing is that there will be a time high reward staking coins will be more popular (now all is targeted on professional investors, but retail will come on the second phase of the bullrun, they are fed up with their 0% interest rates with their bankaccounts)
I think it is also better to translate block reward to a clear APR rate, 200% is too much, but 20% is a good target APR eventually (clearly higher than most other popular staking coin which are between 5% and 10%.
July 01, 2019, 10:58:02 PM
Guys and gals, community opinion needed!
To me it looks like now it's time to radically lower the Truckcoin POS reward cap.
It will preserve TRK value and secure coins future.
I propose to gradually decrease POS reward to 20 TRK per block as final goal, 10x times less than the current rate.
Something like:
Starting from January 01, 2020 max POS reward set to 150 TRK per block
Starting from April 01, 2020 max POS reward set to 100 TRK per block
Starting from August 01, 2020 max POS reward set to 50 TRK per block
Starting from January 01, 2021 max POS reward set to 20 TRK per block forever
What do you think guys? Please post here or feel free to PM me with any suggestions, proposals, etc.
To me it looks like now it's time to radically lower the Truckcoin POS reward cap.
It will preserve TRK value and secure coins future.
I propose to gradually decrease POS reward to 20 TRK per block as final goal, 10x times less than the current rate.
Something like:
Starting from January 01, 2020 max POS reward set to 150 TRK per block
Starting from April 01, 2020 max POS reward set to 100 TRK per block
Starting from August 01, 2020 max POS reward set to 50 TRK per block
Starting from January 01, 2021 max POS reward set to 20 TRK per block forever
What do you think guys? Please post here or feel free to PM me with any suggestions, proposals, etc.
Hey Noise,
at first thanks for the good work the last years and not leaving this great POS coin!!
The new wallet is working flawless, really appreciate your work!
I like the scheme to lower the reward how you wrote, i think its fair, to start lowering the reward in around half a year...
everybody got the chance to stake a lot of blocks at the rate of 200!
In general, anybody knows how to open up a faucet for TRK??
Would give away some TRK for new users....hope it will help the community growing!
Cheers
I can host TRK faucet on my server but need to find some good faucet script with reliable protection.
Tried to run faucet for Truckcoin a coulple years ago but script was weak and some nasty bot started to suck it dry every time in just a few hours after refill.
Maybe it's worth to list TRK at https://btcpop.co/
It's a small exchange but looks reliable and they have faucets and staking pools for POS coins.
Their listing fee is $1000 which is pretty reasonable but I'm not feeling comfortable to pay it all by myself...
https://btcpop.co/listing
I must be the only one who wants to keep 200%. The max block reward has helped keep inflation down when other coins have surged into the billions / trillions.
But I cannot deny that a reduction is best.
Noise,
I have been using btcpop for many years & highly recommend them. I have always been surprised that Truck was never listed.
They have recently implemented the listing fee this year because of a problem with one of their coins, they are good though. Very attentive to wallet updates & their support has always been top notch. Plus they plan to maybe add altcoin markets & api so that cmc will recognise their volume.
They have many coins now that are homeless since cryptopia has folded.
Oh & Noise, keep up the good work. Nice to still see you as an active developer. Your wallets are awesome!
June 29, 2019, 07:29:48 AM
Guys and gals, community opinion needed!
To me it looks like now it's time to radically lower the Truckcoin POS reward cap.
It will preserve TRK value and secure coins future.
I propose to gradually decrease POS reward to 20 TRK per block as final goal, 10x times less than the current rate.
Something like:
Starting from January 01, 2020 max POS reward set to 150 TRK per block
Starting from April 01, 2020 max POS reward set to 100 TRK per block
Starting from August 01, 2020 max POS reward set to 50 TRK per block
Starting from January 01, 2021 max POS reward set to 20 TRK per block forever
What do you think guys? Please post here or feel free to PM me with any suggestions, proposals, etc.
To me it looks like now it's time to radically lower the Truckcoin POS reward cap.
It will preserve TRK value and secure coins future.
I propose to gradually decrease POS reward to 20 TRK per block as final goal, 10x times less than the current rate.
Something like:
Starting from January 01, 2020 max POS reward set to 150 TRK per block
Starting from April 01, 2020 max POS reward set to 100 TRK per block
Starting from August 01, 2020 max POS reward set to 50 TRK per block
Starting from January 01, 2021 max POS reward set to 20 TRK per block forever
What do you think guys? Please post here or feel free to PM me with any suggestions, proposals, etc.
Hey Noise,
at first thanks for the good work the last years and not leaving this great POS coin!!
The new wallet is working flawless, really appreciate your work!
I like the scheme to lower the reward how you wrote, i think its fair, to start lowering the reward in around half a year...
everybody got the chance to stake a lot of blocks at the rate of 200!
In general, anybody knows how to open up a faucet for TRK??
Would give away some TRK for new users....hope it will help the community growing!
Cheers
I can host TRK faucet on my server but need to find some good faucet script with reliable protection.
Tried to run faucet for Truckcoin a coulple years ago but script was weak and some nasty bot started to suck it dry every time in just a few hours after refill.
Maybe it's worth to list TRK at https://btcpop.co/
It's a small exchange but looks reliable and they have faucets and staking pools for POS coins.
Their listing fee is $1000 which is pretty reasonable but I'm not feeling comfortable to pay it all by myself...
https://btcpop.co/listing
June 27, 2019, 02:19:48 PM
Guys and gals, community opinion needed!
To me it looks like now it's time to radically lower the Truckcoin POS reward cap.
It will preserve TRK value and secure coins future.
I propose to gradually decrease POS reward to 20 TRK per block as final goal, 10x times less than the current rate.
Something like:
Starting from January 01, 2020 max POS reward set to 150 TRK per block
Starting from April 01, 2020 max POS reward set to 100 TRK per block
Starting from August 01, 2020 max POS reward set to 50 TRK per block
Starting from January 01, 2021 max POS reward set to 20 TRK per block forever
What do you think guys? Please post here or feel free to PM me with any suggestions, proposals, etc.
To me it looks like now it's time to radically lower the Truckcoin POS reward cap.
It will preserve TRK value and secure coins future.
I propose to gradually decrease POS reward to 20 TRK per block as final goal, 10x times less than the current rate.
Something like:
Starting from January 01, 2020 max POS reward set to 150 TRK per block
Starting from April 01, 2020 max POS reward set to 100 TRK per block
Starting from August 01, 2020 max POS reward set to 50 TRK per block
Starting from January 01, 2021 max POS reward set to 20 TRK per block forever
What do you think guys? Please post here or feel free to PM me with any suggestions, proposals, etc.
Hey Noise,
at first thanks for the good work the last years and not leaving this great POS coin!!
The new wallet is working flawless, really appreciate your work!
I like the scheme to lower the reward how you wrote, i think its fair, to start lowering the reward in around half a year...
everybody got the chance to stake a lot of blocks at the rate of 200!
In general, anybody knows how to open up a faucet for TRK??
Would give away some TRK for new users....hope it will help the community growing!
Cheers
June 26, 2019, 09:45:45 PM
Since rewards are maxed out we might as well go for a fixed reward.
Agree, probably it will be better to switch to fixed 20 TRK reward instead of limiting to 20 max. Will make things simplier and easier to advertise the coin.I think leaving 200 trk, at first. Truck has always followed bitcoin. Let the btc surge take Truck on a ride. Once common sense settles over the hyper math , bring down the trk rewards slowly like you first planned. Advertising could then be played well with the new rational rewards.
June 25, 2019, 07:43:02 AM
Since rewards are maxed out we might as well go for a fixed reward.
Agree, probably it will be better to switch to fixed 20 TRK reward instead of limiting to 20 max. Will make things simplier and easier to advertise the coin. June 22, 2019, 03:21:01 PM
@noise23
See https://www.crypto-city.com/index.php/truckcoin-trk
https://www.crypto-city.com Join us at the Home of the True Crypto Believers!
"@noise23 can you fix the wallet so when you do a wallet repair, you don't have to keep clicking ok?"See https://www.crypto-city.com/index.php/truckcoin-trk
https://www.crypto-city.com Join us at the Home of the True Crypto Believers!
Please post what verion of wallet and OS you are using.
June 22, 2019, 02:52:17 PM
@noise23
See https://www.crypto-city.com/index.php/truckcoin-trk
https://www.crypto-city.com Join us at the Home of the True Crypto Believers!
See https://www.crypto-city.com/index.php/truckcoin-trk
https://www.crypto-city.com Join us at the Home of the True Crypto Believers!
June 20, 2019, 12:31:35 PM
Since rewards are maxed out we might as well go for a fixed reward.
June 18, 2019, 09:53:11 PM
Guys and gals, community opinion needed!
To me it looks like now it's time to radically lower the Truckcoin POS reward cap.
It will preserve TRK value and secure coins future.
I propose to gradually decrease POS reward to 20 TRK per block as final goal, 10x times less than the current rate.
Something like:
Starting from January 01, 2020 max POS reward set to 150 TRK per block
Starting from April 01, 2020 max POS reward set to 100 TRK per block
Starting from August 01, 2020 max POS reward set to 50 TRK per block
Starting from January 01, 2021 max POS reward set to 20 TRK per block forever
What do you think guys? Please post here or feel free to PM me with any suggestions, proposals, etc.
I totally agree 150 to 20 trk. Truck will win itself back! To me it looks like now it's time to radically lower the Truckcoin POS reward cap.
It will preserve TRK value and secure coins future.
I propose to gradually decrease POS reward to 20 TRK per block as final goal, 10x times less than the current rate.
Something like:
Starting from January 01, 2020 max POS reward set to 150 TRK per block
Starting from April 01, 2020 max POS reward set to 100 TRK per block
Starting from August 01, 2020 max POS reward set to 50 TRK per block
Starting from January 01, 2021 max POS reward set to 20 TRK per block forever
What do you think guys? Please post here or feel free to PM me with any suggestions, proposals, etc.
June 18, 2019, 11:44:14 AM
Sounds good to me.
June 17, 2019, 09:31:45 AM
Guys and gals, community opinion needed!
To me it looks like now it's time to radically lower the Truckcoin POS reward cap.
It will preserve TRK value and secure coins future.
I propose to gradually decrease POS reward to 20 TRK per block as final goal, 10x times less than the current rate.
Something like:
Starting from January 01, 2020 max POS reward set to 150 TRK per block
Starting from April 01, 2020 max POS reward set to 100 TRK per block
Starting from August 01, 2020 max POS reward set to 50 TRK per block
Starting from January 01, 2021 max POS reward set to 20 TRK per block forever
What do you think guys? Please post here or feel free to PM me with any suggestions, proposals, etc.
To me it looks like now it's time to radically lower the Truckcoin POS reward cap.
It will preserve TRK value and secure coins future.
I propose to gradually decrease POS reward to 20 TRK per block as final goal, 10x times less than the current rate.
Something like:
Starting from January 01, 2020 max POS reward set to 150 TRK per block
Starting from April 01, 2020 max POS reward set to 100 TRK per block
Starting from August 01, 2020 max POS reward set to 50 TRK per block
Starting from January 01, 2021 max POS reward set to 20 TRK per block forever
What do you think guys? Please post here or feel free to PM me with any suggestions, proposals, etc.
June 17, 2019, 08:08:12 AM
June 17, 2019, 06:54:02 AM
Still active?
Where is this coin traded?
Yes this coin is still alive.Where is this coin traded?
Last month new wallet released.
Coin is traded on Nova allthough not much action going on.
June 16, 2019, 11:52:48 PM
Still active?
Where is this coin traded?
Where is this coin traded?
May 17, 2019, 01:12:48 PM
Well, it seems like NovaExchange going to be a new home for many of ex-cryptopia coins, they offer free listing for them.
TRK is already listed - https://novaexchange.com/market/BTC_TRK/, we need to build some volume there.
Too bad they currently don't work with US and Canada citizens, hope we will get on more exchanges eventually...
Good news.TRK is already listed - https://novaexchange.com/market/BTC_TRK/, we need to build some volume there.
Too bad they currently don't work with US and Canada citizens, hope we will get on more exchanges eventually...
Any reason why they don't allow US and Canadian citizens ?
In order to work with US citizens any exchange has to follow and obey to very strict US crypto/financial regulations which is just not possible for many.
Otherwise the US authorities may come after that exchange badly.
FBI seized BTC-e servers and domain name that way.
So they just stay away from US customers like 'better safe than sorry'.
Just after I send my coins to my wallet the site was gone.
Reason was 4+ billion USD of criminal money that was taken care of.
Some or most of it was also from MT. Gox.
Better to have strict rules everywhere then exchanges like BTC-E that eventually screw their users and in the process damages the whole crypto market.
May 16, 2019, 09:02:23 PM
Well, it seems like NovaExchange going to be a new home for many of ex-cryptopia coins, they offer free listing for them.
TRK is already listed - https://novaexchange.com/market/BTC_TRK/, we need to build some volume there.
Too bad they currently don't work with US and Canada citizens, hope we will get on more exchanges eventually...
Good news.TRK is already listed - https://novaexchange.com/market/BTC_TRK/, we need to build some volume there.
Too bad they currently don't work with US and Canada citizens, hope we will get on more exchanges eventually...
Any reason why they don't allow US and Canadian citizens ?
In order to work with US citizens any exchange has to follow and obey to very strict US crypto/financial regulations which is just not possible for many.
Otherwise the US authorities may come after that exchange badly.
FBI seized BTC-e servers and domain name that way.
So they just stay away from US customers like 'better safe than sorry'.
Jump to: