Quote from: jwinterm on April 08, 2015, 12:53:16 PM

Quote from: romanbrown on March 25, 2015, 08:30:09 PM

Im very excited to be working on implementing my ideas on xpb! After discussing my whitepaper with xpbcreator, weve decided to roll out the implementation in four major phases, one of which wasnt mentioned on the whitepaper. I recommend reading the whitepaper before this post if you want to follow along. The four phases are:

1) Delegated Proof of Stake
...

How many coins are going to be mined before DPoS is implemented and all mining rewards are stopped? It would be nice if there's an announcement 60 or 90 or 365 days before the switch is made. Also, the sooner the switch is made (with little to no time before announcement), the more this coin will be tainted as short PoW period with relatively few miners before switching to (D)PoS.

Any idea how many delegates are going to be used for DPoS? Follow bitshares model and have 101? Are there even 101 people mining this coin at the moment? I'm not a fan of bitshares because of the small number of delegates that control the entire network, but it seems like if the switch from PoW to DPoS is made soon for pebblecoin, then there will be a much smaller number of people than 101 validating each block and reaping all the rewards.

The mining for this coin has actually been very heavy. There were periods where the hash rate got up to 60 H/sec. Right now the pool says it is 48.72 H/s so let's use that. The 16 GB server I mine on gets 0.03 H/s. It may be more on the low end so let's say an average computer could get 0.06 H/s. To get 48.72 H/s there'd have to be 812 average computers mining the coin. There are probably some people that have above average computers, and some miners that are putting a lot of power, but it shows there's definitely a lot of interest in this coin, in terms of number of people.

There has also been a lot of traffic on the irc chat embedded in the Qt wallet of people asking for help, so there is more interest than just in this thread. It's been a relatively popular launch. It got on an exchange very soon and it's listed on the Bytecoin website, all happening from other users that are interested in the coin.

From the start I promised to innovate with this coin, and I've already provided the only decent GUI wallet on a cryptonote coin, a new hashing algorithm that prevented botnets and centralized mining from swamping the coin, and the initial ramp-up reward period (the exact opposite of bytecoin which had huge rewards at first) to prevent initial advantage to mining in the period where it's easiest to get an unfair advantage, the first few weeks. Because of this the coin has gotten a lot of interest. The next step is the trustless, tradeable, reality-based contracts, and that requires distributed proof-of-stake to work, so that's what we'll release next