Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Terracoin 1.0 (TRC)
by
clockuniverse
on 25/02/2016, 04:05:35 UTC
I will set up a poll about merge mining!

I was under the impression that merge mining was already decided. Changing this due to one or two persons not understanding how merge mining works does not set a good president, plus people are not likely to vote for something they do not understand.

I have mined TRC for a long time now, but it has remained stagnant due to a lack of bringing anything new to the crypto table - it just doesn't have anything to entice miners to it. Enabling merge mining will change this. Personally, I want this coin to grow, but if it stays the same - that's OK too, but it will remain stagnant in it's current form unless merge mining is enabled.

We can vote by block chain. All voters who support to add the feature (merge mining) can send a tiny amount of TRC (e.g. 0.01) from their TRC holding address to a fixed address.
Finally, we calculate the total weight (TRC holdings) that support this action by analyzing the transactions made to the fixed address.
If the support percentage can be more than 50%, I think it's O.K. for carry on the action.

However, to be more accurate, if lots of TRC holders are not active participants. We need to add another rule.
All voters against the feature (merge mining) send a tiny TRC to another fixed address. Then calculate again the total weight.

If SupportWeight > AgainstWeight, then we carry on the action.

How about this, I think this is quite fair.

I put a poll at the top of this ANN.  You have to be a registered member of bitcointalk to vote, so I think that should help weed out repeat votes.

Also, Terracoins wallet is so outdated that it doesn't have coin control to make it easy to count the votes in the manner you suggest.

We have set up a donation address already for the logo design bounty which is this - 16ffGRgxEd2oYpwZf3TRgCVAj6ja9b3WEY If you want to help create a new logo then send TRC donations there.  (1000 TRC already)

I understand where you are coming from, and I appreciate it.  I felt the same way when I started this thread.  I felt that by having merge mining TRC would lose a lot of its independence and would feel "less" by being reliant on other coins to help it succeed.  As the conversation has progressed my opinion has changed because I am imagining the future as, "I am going to mine TRC, because I also can mine Whatevercoin too." 

Not the other way around.

I think you have lost this round, Hanzac, but please don't go away.  I have been reading bitcointalk for years now and the reason I find that most coins fail is because everyone just marches down a narrow path without anyone suggesting alternatives.  Please keep suggesting alternatives and ideas.