Topic: [UNOFFICIAL] [VNL] Vanillacoin 0.4.1 | Instant ▱ Incentivized ▱ Innovative - page 187. (Read 433405 times)

Approx when will be the next block reward redution(s)?

All VNL fees are burned, which means if there are enough transactions, the supply could be stable at some point.  Unlike Bitcoin's POW halvings, which will eventually run into problems that will threaten the network and likely result in centralization, ie. coinbase, bitfinex, bitstamp, gemini, and bitpay running all the mining hardware, Vanillacoin will increase at a 0.7% max rate while transactions are low and could have a stable supply if cryptocurrency transactions are as high as the most optimistic predict.  I mean 0.7% after Vanillacoin has been mostly mined out.

I personally think cryptocurrencies will be more useful as a store of value, the backbone of bigger financial networks, the backbone of systems that would benefit from an immutable trail, a part of currency pairs for forex trading, a tool for remittances, and maybe for tourists.  I don't think it will be something everyone uses everyday, at least for the next twenty years.  Being unprofitable to mine will lead to centralization for Bitcoin.  Vanillacoin won't have that problem, and if there are a tremendous amount of transactions on the network, Vanillacoin could have a stable supply that never increases, while still giving 0.7% interest to stakers.

I still think BTC will do well price-wise; it will just be more centralized.  Vanillacoin is attempting workable decentralization, solving all the limitations of Bitcoin.

Dubious? If you don't see investment opportunities here, sorry, but you are blind.
















absolutely, only for bakers and... confectioners! Also you make kitty cry, shame on you.


Don't know where did you find information about unlimited number of coins, but it's false, check the OP, or whitepaper to find the truth.

POS (0.7% yearly) isn't there to be speculated on from an economical point of view, with the current market cap and distribution it's almost nothing. It is needed next to POW to secure the network and make double spending impossible. This inflation rate (from POS) is nothing compared to a real currency, but it still gives incentive to keep securing the network.

Also from an investment point of view, the innovation what John is capable of is outstanding.

  and where does this 'information' come from?

                                    trade-in the telescope for a good pair of eyeglasses
   

whats made you wasting your time here then?

I think this is a dubious coin for investment. The name is associated with vanilla. This coin for confectioners and bakers? Low income POS and an unlimited number of coins in the system, only deters investors

That's great - thanks for the information on RPC.  I'll pop on to IRC at some point and try to make the case for sendrawtransaction.  I'm working on building a series of multi-coin services at the moment and really want to get Vanillacoin fully integrated without needing to store the keys in the coin daemon itself.

Also thanks for your build scripts xCore - found these when I started looking at making VNL and really useful.

thanks 

If on Windows, I just hit the Start menu and search for "Vanillacoin".  You could use the same search function and use "%appdata%", click 'Roaming' and look for the Vanillcoin file that way - which contains the 'wallet.dat' file that you would like to back up.

Others may have some faster or more preferred ways but that is how I do it.  I also create back ups every few weeks or so depending on usage which is good practice in my opinion.

How do I access the wallet.dat file? (complete newb to VNL)

Yes, it's stable, just make sure to make backups of wallet.dat (copy-past or via console) from time to time.

Mobile wallets use native code, as long as you have a backup (you should have a backup with every wallet) nothing can go wrong.

And if you asked the desktop wallet, it's bulletproof.

please define large 

Is the wallet stable enough to keep large funds in it?

I guess so, its lost on me. Maybe I'm not as geek as I thought I was  . 

Vanilla mean original too !

Soon become the new original standard

libcoin was the original name, cause it's not 'only' a coin (see: coinpp), but was already used. So to stay in the same spirit, john named it Vanillacoin refering to the Vanilla computer meaning. (see: https://en.wikipedia.org/wiki/Vanilla_software)
& coz Vanilla is good, isn't it ?

Humble question: why "vanilla?"

Hi guytp,

1. testnet isn't public atm, but should be enabled in github source in next weeks.
2. RPC port is hardcoded atm (see: https://github.com/john-connor/vanillacoin/blob/51c6960b2a14ffbf67af19aefac6291768e1ffbc/include/coin/protocol.hpp#L64), & daemon is listening on 127.0.0.1 only by default (--rpc-allow-ips=x.x.x.x,y.y.y.y to add others non-public ips)
3. Only John can answer this one, but I can add this to the vanillacoin daemon feature request list.

Have a good n8/day !