Re: [ANN][FLT] Fluttercoin Ƹ̵̡Ӝ̵̨̄Ʒ | Proof of Transaction 3.0 | Update v0.7.5.18
Also, I do agree balencing with the pow would be a good idea! What im worried about with an increase to the PoW is ... an increase to PoT
and PoT "vetting" ... i love the idea of Proof of transaction!!!!
But, the one issue i notice. If the amount gained is more than the amount spent to send transactions, people seem to always look at this as a flaw. (even if its not flawed) My opinion we need to try and make the amount attained by PoT to just under the amount to send a transaction. That way the benifit from PoT is that it can help pay your transaction, not just straight out pay you! just a thought though!! i really dont understand the PoT system
(edit: Just a Thought, decrease PoT perentage to 1% of PoW block... increase cost to send trasaction.... maybe, increase PoT freqency? 50FLT per PoW block halfing along with the rest of the system... again just thoughts here)
Again remember everyone..... we are talking as a commiunty these are ideas and opinions... please share yours!
and PoT "vetting" ... i love the idea of Proof of transaction!!!!
But, the one issue i notice. If the amount gained is more than the amount spent to send transactions, people seem to always look at this as a flaw. (even if its not flawed) My opinion we need to try and make the amount attained by PoT to just under the amount to send a transaction. That way the benifit from PoT is that it can help pay your transaction, not just straight out pay you! just a thought though!! i really dont understand the PoT system
(edit: Just a Thought, decrease PoT perentage to 1% of PoW block... increase cost to send trasaction.... maybe, increase PoT freqency? 50FLT per PoW block halfing along with the rest of the system... again just thoughts here)
Again remember everyone..... we are talking as a commiunty these are ideas and opinions... please share yours!
PoT actually checks the previous transaction to see if there is a "match" on the selection algorithm. if so then the next block pays that person 5% of the reward. So if you are PoW, the reward is 5, so you get .25flt, which isn't much. On PoS reward it is higher. For instance if i stake for 100FLT, you receive 5flt.
--o