FTC's future
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Tom Wujec: Build a tower, build a team: http://youtu.be/H0_yKBitO8M
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I thought I locked this thread?
Right.
Keep on topic or your butt is mine ok?
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I thought I locked this thread?
You did, and the community has rejected your decision to do so. And by community, I don’t mean me.
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That’s a shame.
I’ll just delete it if people keep squabbling.
I’m going to start up a new thread for the Core discussing what were doing with it and what changes to what will be necessary to make the community happy with getting out into the public.
That is all that matters. I would like everyone to put aside their petty differences for now and respect the work Liz has done. We focus on getting in the core pushed out as the standard and should be the only thing been discussed right now.
We can figure out the PoS thing or inflation model debate AFTER that.
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That’s a shame.
I’ll just delete it if people keep squabbling.
I’m going to start up a new thread for the Core discussing what were doing with it and what changes to what will be necessary to make the community happy with getting out into the public.
That is all that matters. I would like everyone to put aside their petty differences for now and respect the work Liz has done. We focus on getting in the core pushed out as the standard and should be the only thing been discussed right now.
We can figure out the PoS thing or inflation model debate AFTER that.
No censorship or locking threads please.
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The inflation model stays but compromises will have to be made.
I’m searching for a solution in PoS or a modification to PoW itself where it requires a modifaction to P2Pool.
I will never censor. But if people can’t behave themselves I will lock as many threads as I deem fit.
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Its been a legitimate debate. At least everyone can see where we stand.
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To add something, I remember Piggy coin rised in value nicely after changing emmision model.
Not sure in what state are they now.
And the other is Gridcoin, changed total number of coins 10x up, but old coins had to be burned (exchanged for new).
Gridcoin seems ok.
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And the other is Gridcoin, changed total number of coins 10x up, but old coins had to be burned (exchanged for new).
Gridcoin seems ok.
They’re still in the process of that conversion, final deadline is April 20th.
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So you called me a liar for stating that coins are locked out during the stake generation process. Let me reiterate that again below.
In Peercoin for example when PoS block is generated the coins used to generate that block cannot be spent until 520 confirmations.
Kevlar, it occurs to me that you have the wrong view of me and Feathercoin. You put me on a pedestal so you can knock me off it. The thing is, I am not the God of Feathercoin. I launched it and was pretty much the only person contributing to development for a long time, this is not the position I wanted to be in but people generally left it up to me. I was disappointed but I got on with it and made tough decisions when I had to. I did ask others to help including yourself but when I asked you to do some work but you took personal offence by that and went on a long rant.
It is easy to criticise is it not?
Feathercoin now has an excellent team of enthusiasts like myself who enjoy spending time on this project.
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@Kevlar: just for your Info: It was Bushstar who unlocked the thread…
You mentioned your researches several times. Do you have some facts and resulty you are willing to share with us?
It would help to make the right decision where to go.
All and I mean ALL people here are willing to make feathercoin the best existing crypto, and the more proven facts we have, the better the outcome will be.
Speculations and personal opionions are of minor help to make decisions.
Also when discussing past decisions we should try to discuss also when and why a decision was made in which situation.
This could take a lot of heat out of this discussion, leading to faster results
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Looking at a peercoin guide, you can create a .conf file and set a reserve value.
#The reserve balance field is the minimum amount of coins you want to have available and NOT put up as stake. #The reason for this is that if you are generating proof of stake you cannot spend those coins for 520 blocks. #reservebalance=10000 -
Many thumbs up for @Bushstar! :)I will dump ftc if Bushstar leave.
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Guys drop this nonsense. Please.
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I don’t agree that Ghostlander did a fantastic job with Orb, and the market has an entirely different opinion from you. Just because it didn’t work for him doesn’t make it NOT a practical solution. That’s easily demonstrably false, which makes you a liar And just because you misrepresented the idea to Sunny King doesn’t mean that it’s an unworkable idea. Nothing about what you just said offers any new insight into the topic.
ORB was 0% PoS with fees destroyed and failed. There is nothing to debate because it did fail. When I took over, I implemented fixed block rewards and gave all fees to the miners. Finite coin supply, very predictable inflation. It works well so far.
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tx fees should never be destroyed in my opinion.
We are keeping the current inflation rate.
How can we set up PoS with current inflation rate and prevent the chances of an any percent attack. Or preferably as secure as possible?
Is it possible to even prevent 100% attack? or How close can we get?
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I’m not sure why Sunny destroys the fees in PPC, would be interesting to hear the reason behind such a design decision. Perhaps to compensate somewhat for its inflationary effect. There are times in PPC PoS blocks when more coins are destroyed than created.
0% PoS with miner fees is as big an incentive as we can make without touching the inflation model. Not sure that it is incentive enough.
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At least we could run some community mint nodes and support FTC’s hashrate without risking my home in energy bills :)
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So you called me a liar for stating that coins are locked out during the stake generation process. Let me reiterate that again below.
In Peercoin for example when PoS block is generated the coins used to generate that block cannot be spent until 520 confirmations.
Kevlar, it occurs to me that you have the wrong view of me and Feathercoin. You put me on a pedestal so you can knock me off it. The thing is, I am not the God of Feathercoin. I launched it and was pretty much the only person contributing to development for a long time, this is not the position I wanted to be in but people generally left it up to me. I was disappointed but I got on with it and made tough decisions when I had to. I did ask others to help including yourself but when I asked you to do some work but you took personal offence by that and went on a long rant.
It is easy to criticise is it not?
Feathercoin now has an excellent team of enthusiasts like myself who enjoy spending time on this project.
I would never ever suggest using Peerconis PoS Model. There’s MUCH better models for doing PoS.
And that’s the problem: You continue to be wrong, yet you continue to defend your position.
Yes, it’s very easy to criticize decisions that were wrong to begin with, were pointed out to be wrong at the time, alternatives were offered and ignored, and the market continues to move against those decisions. They were the wrong decisions then, it was misinformation then, and it becomes lies when you continue to spread them when you’ve been repeatedly corrected.
