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Topic: [XRA] RateCoin | PoS | Unique Generous Rewards | Low Supply Inflation - page 43. (Read 75139 times)

legendary
Activity: 1400
Merit: 1001
Undeads.com - P2E Runner Game
legendary
Activity: 1330
Merit: 1000
Blockchain Developer
legendary
Activity: 1050
Merit: 1000
@Kushedout makes sense why he pointed to the new thread im just surprised that he doesn't seem to want to be part of it
legendary
Activity: 1123
Merit: 1000
SaluS - (SLS)
Well, he knows the coin is in better hands now, so why fight it, hence why he pointed to the new thread.
Besides, that doesn't mean he can't still be part of it.


the last post in the old thread now links to this thread, but original dev still said nothing  Huh
legendary
Activity: 1176
Merit: 1005
crunck
Just bookmarking this thread Smiley
legendary
Activity: 1050
Merit: 1000
the last post in the old thread now links to this thread, but original dev still said nothing  Huh
newbie
Activity: 52
Merit: 0
Putting some bitcoin into this soon as i can. Coin has potential.  Cool
legendary
Activity: 1400
Merit: 1001
Undeads.com - P2E Runner Game
I would like to propose the following rate schedule:

Code:
	int64_t nRewardCoinYear;
int nTimeDay = 60 * 60 * 24;

if(nAge > nTimeDay * 256)
nRewardCoinYear = 25.6289 * CENT;
else if(nAge > nTimeDay * 128)
nRewardCoinYear = 17.0859 * CENT;
else if(nAge > nTimeDay * 64)
nRewardCoinYear = 11.3906 * CENT;
else if(nAge > nTimeDay * 32)
nRewardCoinYear = 7.5938 * CENT;
else if(nAge > nTimeDay * 16)
nRewardCoinYear = 5.0625 * CENT;
else if(nAge > nTimeDay * 8)
nRewardCoinYear = 3.375 * CENT;
else if(nAge > nTimeDay * 4)
nRewardCoinYear = 2.25 * CENT;
else if(nAge > nTimeDay * 2)
nRewardCoinYear = 1.5 * CENT;
else if(nAge > nTimeDay * 1)
nRewardCoinYear = 1 * CENT;
else
nRewardCoinYear = 0.25 * CENT;

The scheme here is that for each doubling of the time you hold the output before it stakes (ie the "block" of coins) you will receive an extra 1.5 times more in rate paid out. This system will create upwards momentum on price because it encourages long term holding of the coins, which will keep them off of the sell side of the order book. I beleive the numbers could be more aggressive and pay long term holders a bit higher, but have had several people say they want low inflation rates.

I would also like to raise the block target to 3 minutes. This will mean that difficulty will be increased (which will fight off the decrease in difficulty from coins going offline for extended periods) and that the network will be safer. Longer block time also means a lighter weight client that doesn't consume as much resources and won't grow a bloated blockchain as fast.

Edit: I should also mention that I would plan on adding the ability to select an output (coin block) in coin control and tell it to not be eligible to stake for a certain amount of time. So if you wanted to stake some blocks after 2 days and some blocks after 32 days, it would be an easy thing to do.
Very interesting idea , i like it !!
sr. member
Activity: 301
Merit: 250
Could someone get Bittrex added to listing on coinmarketcap?
Maybe even change the 'discussion' link? add website?



Bittrex now in listing Smiley

Also, when is fork expected?
legendary
Activity: 1123
Merit: 1000
SaluS - (SLS)
Very nice, I like the concept, this will definitely be another interesting experiment.

Can't wait for the fork.

I would like to propose the following rate schedule:

Code:
	int64_t nRewardCoinYear;
int nTimeDay = 60 * 60 * 24;

if(nAge > nTimeDay * 256)
nRewardCoinYear = 25.6289 * CENT;
else if(nAge > nTimeDay * 128)
nRewardCoinYear = 17.0859 * CENT;
else if(nAge > nTimeDay * 64)
nRewardCoinYear = 11.3906 * CENT;
else if(nAge > nTimeDay * 32)
nRewardCoinYear = 7.5938 * CENT;
else if(nAge > nTimeDay * 16)
nRewardCoinYear = 5.0625 * CENT;
else if(nAge > nTimeDay * 8)
nRewardCoinYear = 3.375 * CENT;
else if(nAge > nTimeDay * 4)
nRewardCoinYear = 2.25 * CENT;
else if(nAge > nTimeDay * 2)
nRewardCoinYear = 1.5 * CENT;
else if(nAge > nTimeDay * 1)
nRewardCoinYear = 1 * CENT;
else
nRewardCoinYear = 0.25 * CENT;

The scheme here is that for each doubling of the time you hold the output before it stakes (ie the "block" of coins) you will receive an extra 1.5 times more in rate paid out. This system will create upwards momentum on price because it encourages long term holding of the coins, which will keep them off of the sell side of the order book. I beleive the numbers could be more aggressive and pay long term holders a bit higher, but have had several people say they want low inflation rates.

I would also like to raise the block target to 3 minutes. This will mean that difficulty will be increased (which will fight off the decrease in difficulty from coins going offline for extended periods) and that the network will be safer. Longer block time also means a lighter weight client that doesn't consume as much resources and won't grow a bloated blockchain as fast.

Edit: I should also mention that I would plan on adding the ability to select an output (coin block) in coin control and tell it to not be eligible to stake for a certain amount of time. So if you wanted to stake some blocks after 2 days and some blocks after 32 days, it would be an easy thing to do.
hero member
Activity: 803
Merit: 501
I would like to propose the following rate schedule:

Code:
	int64_t nRewardCoinYear;
int nTimeDay = 60 * 60 * 24;

if(nAge > nTimeDay * 256)
nRewardCoinYear = 25.6289 * CENT;
else if(nAge > nTimeDay * 128)
nRewardCoinYear = 17.0859 * CENT;
else if(nAge > nTimeDay * 64)
nRewardCoinYear = 11.3906 * CENT;
else if(nAge > nTimeDay * 32)
nRewardCoinYear = 7.5938 * CENT;
else if(nAge > nTimeDay * 16)
nRewardCoinYear = 5.0625 * CENT;
else if(nAge > nTimeDay * 8)
nRewardCoinYear = 3.375 * CENT;
else if(nAge > nTimeDay * 4)
nRewardCoinYear = 2.25 * CENT;
else if(nAge > nTimeDay * 2)
nRewardCoinYear = 1.5 * CENT;
else if(nAge > nTimeDay * 1)
nRewardCoinYear = 1 * CENT;
else
nRewardCoinYear = 0.25 * CENT;

The scheme here is that for each doubling of the time you hold the output before it stakes (ie the "block" of coins) you will receive an extra 1.5 times more in rate paid out. This system will create upwards momentum on price because it encourages long term holding of the coins, which will keep them off of the sell side of the order book. I beleive the numbers could be more aggressive and pay long term holders a bit higher, but have had several people say they want low inflation rates.

I would also like to raise the block target to 3 minutes. This will mean that difficulty will be increased (which will fight off the decrease in difficulty from coins going offline for extended periods) and that the network will be safer. Longer block time also means a lighter weight client that doesn't consume as much resources and won't grow a bloated blockchain as fast.

Edit: I should also mention that I would plan on adding the ability to select an output (coin block) in coin control and tell it to not be eligible to stake for a certain amount of time. So if you wanted to stake some blocks after 2 days and some blocks after 32 days, it would be an easy thing to do.
Sounds good  +1
newbie
Activity: 43
Merit: 0
looks good mate cant wait to start seeing the changes after the hard fork Smiley well done to you and your team to bring this back
legendary
Activity: 1330
Merit: 1000
Blockchain Developer
I would like to propose the following rate schedule:

Code:
	int64_t nRewardCoinYear;
int nTimeDay = 60 * 60 * 24;

if(nAge > nTimeDay * 256)
nRewardCoinYear = 25.6289 * CENT;
else if(nAge > nTimeDay * 128)
nRewardCoinYear = 17.0859 * CENT;
else if(nAge > nTimeDay * 64)
nRewardCoinYear = 11.3906 * CENT;
else if(nAge > nTimeDay * 32)
nRewardCoinYear = 7.5938 * CENT;
else if(nAge > nTimeDay * 16)
nRewardCoinYear = 5.0625 * CENT;
else if(nAge > nTimeDay * 8)
nRewardCoinYear = 3.375 * CENT;
else if(nAge > nTimeDay * 4)
nRewardCoinYear = 2.25 * CENT;
else if(nAge > nTimeDay * 2)
nRewardCoinYear = 1.5 * CENT;
else if(nAge > nTimeDay * 1)
nRewardCoinYear = 1 * CENT;
else
nRewardCoinYear = 0.25 * CENT;

The scheme here is that for each doubling of the time you hold the output before it stakes (ie the "block" of coins) you will receive an extra 1.5 times more in rate paid out. This system will create upwards momentum on price because it encourages long term holding of the coins, which will keep them off of the sell side of the order book. I beleive the numbers could be more aggressive and pay long term holders a bit higher, but have had several people say they want low inflation rates.

I would also like to raise the block target to 3 minutes. This will mean that difficulty will be increased (which will fight off the decrease in difficulty from coins going offline for extended periods) and that the network will be safer. Longer block time also means a lighter weight client that doesn't consume as much resources and won't grow a bloated blockchain as fast.

Edit: I should also mention that I would plan on adding the ability to select an output (coin block) in coin control and tell it to not be eligible to stake for a certain amount of time. So if you wanted to stake some blocks after 2 days and some blocks after 32 days, it would be an easy thing to do.
legendary
Activity: 1330
Merit: 1000
Blockchain Developer
Remy and I (mostly Remy) have successfully found the root of the staking problems. Essentially some bad data type uses in the staking code. A solution will be easy to implement and will require a hard fork.

I think for a coin with a name like "RateCoin" it would be a good idea to have a reward system that pays a higher stake rate the longer you hold the coin. Maybe have a few different brackets for different periods of time. What is everyone's thoughts on such a system? I think it would really set this coin up to be unique.
Thanks presstab for the info. Is it possible to have a comparison between old bugged code and new one? Just to understand a little deeper how everything works.

thanks

Yes when I make a commit on github for it, it will lay out exactly what was added, removed, changed, etc in an easy to read format.
legendary
Activity: 1120
Merit: 1000
https://cryptoworld.io
Remy and I (mostly Remy) have successfully found the root of the staking problems. Essentially some bad data type uses in the staking code. A solution will be easy to implement and will require a hard fork.

I think for a coin with a name like "RateCoin" it would be a good idea to have a reward system that pays a higher stake rate the longer you hold the coin. Maybe have a few different brackets for different periods of time. What is everyone's thoughts on such a system? I think it would really set this coin up to be unique.
Thanks presstab for the info. Is it possible to have a comparison between old bugged code and new one? Just to understand a little deeper how everything works.

thanks
sr. member
Activity: 301
Merit: 250
Could someone get Bittrex added to listing on coinmarketcap?
Maybe even change the 'discussion' link? add website?

member
Activity: 121
Merit: 10
I sended email to old dev.
I will try to get access to web hosting.... (and link to new thread from the old one)

If he will provide me the access I will share it here.

Nice move on takeover.  I will folow too.
 +1
 
member
Activity: 60
Merit: 10

Has anyone put themselves forward as being lead dev yet?

After seeing what prestab did with hypercoin I vote for him Smiley

Common mistake, HyperStake not HyperCoin Wink

I am willing to help as a interim dev. But would like to find someone that could devote more time to the coin. I will be happy to spend a bit of time to fix all the code and update the wallet a bit, but my primary focus is HYP.



Oops, sorry about that.

I fully understand the need for full time DEV.

Thanks for any effort and time you can spare.
sr. member
Activity: 476
Merit: 500

Has anyone put themselves forward as being lead dev yet?

After seeing what prestab did with hypercoin I vote for him Smiley

Common mistake, HyperStake not HyperCoin Wink

I am willing to help as a interim dev. But would like to find someone that could devote more time to the coin. I will be happy to spend a bit of time to fix all the code and update the wallet a bit, but my primary focus is HYP.



Kinda glad you've said that, obviously got your priorities in order. Good on ya
legendary
Activity: 1330
Merit: 1000
Blockchain Developer

Has anyone put themselves forward as being lead dev yet?

After seeing what prestab did with hypercoin I vote for him Smiley

Common mistake, HyperStake not HyperCoin Wink

I am willing to help as a interim dev. But would like to find someone that could devote more time to the coin. I will be happy to spend a bit of time to fix all the code and update the wallet a bit, but my primary focus is HYP.

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