Looking forward to a brighter future ahead, for my favourite crypto...
Topic: [Ultracoin] [Est. Feb 2014] ~ ASIC Resistant & Ultrafast 6 Second Transactions! - page 80. (Read 381063 times)
April 26, 2016, 08:51:55 AM
Well done folks, sounds like it is all coming together nicely. I support whatever you 'experts' think is best for the coin, I know you all want what is best for UTC.
Looking forward to a brighter future ahead, for my favourite crypto...
Looking forward to a brighter future ahead, for my favourite crypto...
April 26, 2016, 05:37:03 AM
Good question nesic1 - and thats why we are having PressTab fix up the wallet.
It was a dog......
This is the last stable version
http://ultracoin.net/dl/UltraCoinQT_win32_v7.4.1-9.zip
It works fine for some - and for others hogs too many resources and crashes.
This will all be fixed when the new wallet is released in a couple of weeks.
Retargeting, staking and code in general has a complete makeover
Cheers - usukan
It was a dog......
This is the last stable version
http://ultracoin.net/dl/UltraCoinQT_win32_v7.4.1-9.zip
It works fine for some - and for others hogs too many resources and crashes.
This will all be fixed when the new wallet is released in a couple of weeks.
Retargeting, staking and code in general has a complete makeover
Cheers - usukan
what is the last stable version, i downloaded last version but it crashes on startup
thanks for response, just wanted to synchronize blockchain up to date
April 26, 2016, 02:51:55 AM
Ok! I see. Thanks for the explanation!
no - Steven has suggested 5.6 for now rather than the straight reversion to 5.2.
Its a better incentive to holding and accumulation - and best matches the POS/POW target ratio.
Cheers - usukan
... The update will include a streamline of the code base, fixing the re-targeting issues, change of the staking code to LiteStake and a PoS reward adjustment to 5.2%.
... That is why I am proposing the following additions to the updates:
Change to 5.6% pending new update
3% per year at block 3,000,000
1.5% per year at block 4,000,000
1% per year at block 8,000,000
Is it mistype (in bold)?
Its a better incentive to holding and accumulation - and best matches the POS/POW target ratio.
Cheers - usukan
... The update will include a streamline of the code base, fixing the re-targeting issues, change of the staking code to LiteStake and a PoS reward adjustment to 5.2%.
... That is why I am proposing the following additions to the updates:
Change to 5.6% pending new update
3% per year at block 3,000,000
1.5% per year at block 4,000,000
1% per year at block 8,000,000
Is it mistype (in bold)?
April 26, 2016, 02:32:52 AM
no - Steven has suggested 5.6 for now rather than the straight reversion to 5.2.
Its a better incentive to holding and accumulation - and best matches the POS/POW target ratio.
Cheers - usukan
... The update will include a streamline of the code base, fixing the re-targeting issues, change of the staking code to LiteStake and a PoS reward adjustment to 5.2%.
... That is why I am proposing the following additions to the updates:
Change to 5.6% pending new update
3% per year at block 3,000,000
1.5% per year at block 4,000,000
1% per year at block 8,000,000
Is it mistype (in bold)?
Its a better incentive to holding and accumulation - and best matches the POS/POW target ratio.
Cheers - usukan
... The update will include a streamline of the code base, fixing the re-targeting issues, change of the staking code to LiteStake and a PoS reward adjustment to 5.2%.
... That is why I am proposing the following additions to the updates:
Change to 5.6% pending new update
3% per year at block 3,000,000
1.5% per year at block 4,000,000
1% per year at block 8,000,000
Is it mistype (in bold)?
April 26, 2016, 02:28:46 AM
... The update will include a streamline of the code base, fixing the re-targeting issues, change of the staking code to LiteStake and a PoS reward adjustment to 5.2%.
... That is why I am proposing the following additions to the updates:
Change to 5.6% pending new update
3% per year at block 3,000,000
1.5% per year at block 4,000,000
1% per year at block 8,000,000
Is it mistype (in bold)?
April 26, 2016, 02:07:56 AM
Good on you wtfc360
Thanks usukan
Thanks usukan
I also support the POS addons to the update and would be happy to donate to PressTab some bonus in UTC.
Thanks Steven - yes I support these POS additions to the updates.
and yes PressTab is gem - I hope we can build an ongoing relationship with him (good Devs are damn hard to find)
I would propose we pay him a bonus when this is all through successfully - in UTC of course.
Cheers - usukan
That is why I am proposing the following additions to the updates:
Change to 5.6% pending new update
3% per year at block 3,000,000
1.5% per year at block 4,000,000
1% per year at block 8,000,000
and yes PressTab is gem - I hope we can build an ongoing relationship with him (good Devs are damn hard to find)
I would propose we pay him a bonus when this is all through successfully - in UTC of course.
Cheers - usukan
That is why I am proposing the following additions to the updates:
Change to 5.6% pending new update
3% per year at block 3,000,000
1.5% per year at block 4,000,000
1% per year at block 8,000,000
April 26, 2016, 01:36:31 AM
I also support the POS addons to the update and would be happy to donate to PressTab some bonus in UTC.
Thanks Steven - yes I support these POS additions to the updates.
and yes PressTab is gem - I hope we can build an ongoing relationship with him (good Devs are damn hard to find)
I would propose we pay him a bonus when this is all through successfully - in UTC of course.
Cheers - usukan
That is why I am proposing the following additions to the updates:
Change to 5.6% pending new update
3% per year at block 3,000,000
1.5% per year at block 4,000,000
1% per year at block 8,000,000
and yes PressTab is gem - I hope we can build an ongoing relationship with him (good Devs are damn hard to find)
I would propose we pay him a bonus when this is all through successfully - in UTC of course.
Cheers - usukan
That is why I am proposing the following additions to the updates:
Change to 5.6% pending new update
3% per year at block 3,000,000
1.5% per year at block 4,000,000
1% per year at block 8,000,000
April 25, 2016, 10:25:48 PM
Thanks Steven - yes I support these POS additions to the updates.
and yes PressTab is gem - I hope we can build an ongoing relationship with him (good Devs are damn hard to find)
I would propose we pay him a bonus when this is all through successfully - in UTC of course.
Cheers - usukan
That is why I am proposing the following additions to the updates:
Change to 5.6% pending new update
3% per year at block 3,000,000
1.5% per year at block 4,000,000
1% per year at block 8,000,000
and yes PressTab is gem - I hope we can build an ongoing relationship with him (good Devs are damn hard to find)
I would propose we pay him a bonus when this is all through successfully - in UTC of course.
Cheers - usukan
That is why I am proposing the following additions to the updates:
Change to 5.6% pending new update
3% per year at block 3,000,000
1.5% per year at block 4,000,000
1% per year at block 8,000,000
April 25, 2016, 07:58:32 PM
Hello everyone,
I spoke with PressTab and things are just about ready to move forward. We are expecting to go live in mid-May, we want to give at least two weeks of lead time between the availability date and the day the update kicks in. That should give significant time for the community and exchanges to update to the latest wallet version, we are also hoping to have a Windows and Macintosh update ready for the the time of the release. The update will include a streamline of the code base, fixing the re-targeting issues, change of the staking code to LiteStake and a PoS reward adjustment to 5.2%. The previous wallet code was last generation and has been brought up to speed, resulting in more stability and faster navigation. I would also like to propose the following provisions added to the PoS code, this could possibly avoid a hard fork down the road. Hard forks are undesirable and while they may sometimes be deemed necessary, they are best avoided at all costs. That is why I am proposing the following additions to the updates:
Change to 5.6% pending new update
3% per year at block 3,000,000
1.5% per year at block 4,000,000
1% per year at block 8,000,000
These taper points were originally planned to be added to the last update to avoid a conundrum. As time goes on and Ultracoin is adopted further, especially years away, less liberal staking is encouraged. This is to ensure that everyone, even the little guy, gets a fair chance at acquiring a piece of the pie. At this point we can use the extra adoption and network capacity, but down the road, with an emphasis on acceptance and adoption a higher PoS reward shouldn't be required to attract new users. If the community approves, we will move forward with the addition and get started on launch. Once the new update is ready, the two week lead time will also allow us to setup a testing pool and find any kinks that might be found and ironed out, donating hash is welcome! I also want to give a big shout out to PressTab, he has done the community a huge service.
Sincerely,
Steven "Rapture" Nekhaila
Ultracoin Development Team
[email protected]
Ultracoin.net
I spoke with PressTab and things are just about ready to move forward. We are expecting to go live in mid-May, we want to give at least two weeks of lead time between the availability date and the day the update kicks in. That should give significant time for the community and exchanges to update to the latest wallet version, we are also hoping to have a Windows and Macintosh update ready for the the time of the release. The update will include a streamline of the code base, fixing the re-targeting issues, change of the staking code to LiteStake and a PoS reward adjustment to 5.2%. The previous wallet code was last generation and has been brought up to speed, resulting in more stability and faster navigation. I would also like to propose the following provisions added to the PoS code, this could possibly avoid a hard fork down the road. Hard forks are undesirable and while they may sometimes be deemed necessary, they are best avoided at all costs. That is why I am proposing the following additions to the updates:
Change to 5.6% pending new update
3% per year at block 3,000,000
1.5% per year at block 4,000,000
1% per year at block 8,000,000
These taper points were originally planned to be added to the last update to avoid a conundrum. As time goes on and Ultracoin is adopted further, especially years away, less liberal staking is encouraged. This is to ensure that everyone, even the little guy, gets a fair chance at acquiring a piece of the pie. At this point we can use the extra adoption and network capacity, but down the road, with an emphasis on acceptance and adoption a higher PoS reward shouldn't be required to attract new users. If the community approves, we will move forward with the addition and get started on launch. Once the new update is ready, the two week lead time will also allow us to setup a testing pool and find any kinks that might be found and ironed out, donating hash is welcome! I also want to give a big shout out to PressTab, he has done the community a huge service.
Sincerely,
Steven "Rapture" Nekhaila
Ultracoin Development Team
[email protected]
Ultracoin.net
April 25, 2016, 04:31:42 PM
Good question nesic1 - and thats why we are having PressTab fix up the wallet.
It was a dog......
This is the last stable version
http://ultracoin.net/dl/UltraCoinQT_win32_v7.4.1-9.zip
It works fine for some - and for others hogs too many resources and crashes.
This will all be fixed when the new wallet is released in a couple of weeks.
Retargeting, staking and code in general has a complete makeover
Cheers - usukan
It was a dog......
This is the last stable version
http://ultracoin.net/dl/UltraCoinQT_win32_v7.4.1-9.zip
It works fine for some - and for others hogs too many resources and crashes.
This will all be fixed when the new wallet is released in a couple of weeks.
Retargeting, staking and code in general has a complete makeover
Cheers - usukan
what is the last stable version, i downloaded last version but it crashes on startup
April 25, 2016, 04:21:30 PM
Thanks volyova
we have discussed this and are happy with N 14 or 15
Yes - PressTab knows how to code - maybe he could help out at Vertcoin? Who is the Dev there now? I can't seem to find one anymore?
Cheers
If I understand it correctly no one is suggesting full proof of stake
The whole point of Scrypt N is to get progressively harder, not stay static. You need to get somebody who can actually code and go for a chained algo that can be tweaked when needed. Just my two pennies..
we have discussed this and are happy with N 14 or 15
Yes - PressTab knows how to code - maybe he could help out at Vertcoin? Who is the Dev there now? I can't seem to find one anymore?
Cheers
Full proof of stake? Didn't bumface suggest that three years ago and was removed from the dev team for suggesting such a ridiculous thing?
If I understand it correctly no one is suggesting full proof of stake
April 25, 2016, 04:20:50 PM
Correct - there is no plan to go full POS - AT ALL
If I understand it correctly no one is suggesting full proof of stake
Full proof of stake? Didn't bumface suggest that three years ago and was removed from the dev team for suggesting such a ridiculous thing?
If I understand it correctly no one is suggesting full proof of stake
April 25, 2016, 12:29:04 PM
what is the last stable version, i downloaded last version but it crashes on startup
April 25, 2016, 07:43:25 AM
Full proof of stake? Didn't bumface suggest that three years ago and was removed from the dev team for suggesting such a ridiculous thing?
If I understand it correctly no one is suggesting full proof of stake
April 25, 2016, 06:54:54 AM
Full proof of stake? Didn't bumface suggest that three years ago and was removed from the dev team for suggesting such a ridiculous thing?
If I understand it correctly no one is suggesting full proof of stake
April 25, 2016, 06:51:49 AM
Full proof of stake? Didn't bumface suggest that three years ago and was removed from the dev team for suggesting such a ridiculous thing?
April 24, 2016, 10:04:21 PM
Talking with Steven - he seems to be keen on coding in the POS rewards out to blocks 3m (2 years), 4m (4 years) and 8m (12 years approx) at this upcoming fork.
We may need to address the POW rewards at the same timeframes (block heights) also.
Steven will post his proposal shortly.
I am happy to go with the Community consensus on this.
Cheers - usukan
We may need to address the POW rewards at the same timeframes (block heights) also.
Steven will post his proposal shortly.
I am happy to go with the Community consensus on this.
Cheers - usukan
April 24, 2016, 06:23:01 PM
Update
We are just waiting on Steven to finalise the schedule for the fork with PressTab.
From here it will be announced and the new wallet will be distributed.
Cheers - usukan
We are just waiting on Steven to finalise the schedule for the fork with PressTab.
From here it will be announced and the new wallet will be distributed.
Cheers - usukan
April 22, 2016, 07:47:59 PM
UPDATE - The New UltraCoin
PressTab has finished the codebase.
This includes:
- a general tidy up of codebase
- fix retargeting issues
- change staking code to liteStake
- change POS reward to 5.2%
Steven will arrange a schedule with PressTab for the forking.
A few of us will be testing the beta version for staking and other wallet operations shortly.
Steven will get back and advise the Community and other stakeholders of the schedule for the fork.
Almost there now - and all thanks to PressTab.
LETS GET FORKING
Cheers - usukan
PressTab has finished the codebase.
This includes:
- a general tidy up of codebase
- fix retargeting issues
- change staking code to liteStake
- change POS reward to 5.2%
Steven will arrange a schedule with PressTab for the forking.
A few of us will be testing the beta version for staking and other wallet operations shortly.
Steven will get back and advise the Community and other stakeholders of the schedule for the fork.
Almost there now - and all thanks to PressTab.
LETS GET FORKING
Cheers - usukan
April 22, 2016, 07:20:23 AM
'Auguries of Innocence' by WILLIAM BLAKE is my favourite poem.
To see a World in a Grain of Sand
And a Heaven in a Wild Flower
Hold Infinity in the palm of your hand
And Eternity in an hour...
To see a World in a Grain of Sand
And a Heaven in a Wild Flower
Hold Infinity in the palm of your hand
And Eternity in an hour...
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