Post
Topic
Board Announcements (Altcoins)
Re: [SEEDBIT] 300% POS | NO PREMINE | NO ICO
by
seedbit
on 13/06/2015, 06:03:37 UTC
300% YEAR POS COMING... 3 PER BLOCK UNTIL UPDATE

Sorry, but that's not what you implemented in the source code:

Code:
// miner's coin stake reward based on coin age spent (coin-days)
int64_t GetProofOfStakeReward(int64_t nCoinAge, int64_t nFees, int nHeight)
{
    // int64_t nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8);
    int64_t nSubsidy = 1 * COIN;
    if(nHeight < 5000)
    {
        nSubsidy = 50 * COIN;
    }
    else
    {
   nSubsidy = 300 * CENT;
    }

    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRId64"\n", FormatMoney(nSubsidy).c_str(), nCoinAge);

    return nSubsidy + nFees;
}

You made a 300 CENT FIXED Proof of Stake award, not 300 PERCENT POS!!!

You also did not make a hard fork point. A specific block needs to be specified where new changes start.

Your code won't do what you think it does.

Given these bugs, I really don't think you should update the wallet. If there's something else you'd like to contribute, you're more than welcome.

Original thread (and official) thread is here:

https://bitcointalk.org/index.php?topic=1066956.0

Code updated with checkpoint and alert keys.