Quote from: 3ghyt9 on July 19, 2018, 04:23:32 AM

Quote from: Tranz on July 19, 2018, 03:21:21 AM

Quote from: Tranz on July 19, 2018, 01:46:55 AM

I plan to implement new staking ago to improve the staking efficiency by about 70-80% I also plan to put in other code fixes. I am toying with the idea of a hard fork to slow the chain down slightly, Bye set it to 3 mins instead of 1. But not sure about that. This would be similar work to HBN ver 2. About 80-120hrs work depending.

To be honest I wasn't looking for negotiations. My terms are pretty much as laid out. If everyone isn't on board, then no worries. Sounds like there are others who are ready and willing to take over.

Quote from: 3ghyt9 on July 19, 2018, 03:13:27 AM

Can you elaborate on the staking efficiency. People like Bottlecaps for the return they currently get while staking, if their returns are going to significantly drop I don't think they will be on board with the changes. However if it's to their benefit I think they will be all for it.

This will mean that the CPU will not run at 100%. It will decrease by 70-80%

Quote from: 3ghyt9 on July 19, 2018, 03:13:27 AM

What I would like to see is a way to reward stakers who stake 24/7 and put those that only open their wallets for a few hours every month or two at a disadvantage. Their is also security risks involved when someone can drop a huge amount of weight on the network at once.

The only way to change this would be to bring the max weight down from 30 days to like 5. But this also has an effect on CPU usage, as well as it would put a soft limit on the highest difficulty we could reach. This requires a hard fork.

Quote from: 3ghyt9 on July 19, 2018, 03:13:27 AM

I'm not so sure on the 3min block either. While it would be good as a way to reduce orphan blocks, I feel their are more negatives to positives. It would help to increase the network weight but it would also reduce the amount staked. The network weight is growing exponentially and will shortly have the same effect as increasing block time anyway, especially if we can encourage more people to mint 24/7.

It would encourage people to keep wallet open more, yes. As the difficulty would go up and it would be much more difficult to simply jump on and take over the chain. I did this for HBN. took it from 30 seconds to 2:30 and we went from .01 staking diff to usually over 5. It does have effect of lowering the reward, we would be looking at closer to 30-50% This can be mitigated by a few things. All of these require hard fork.

I think optimising the efficiency of the CPU is something that we should seriously consider.

However, changes to stake age and block time are perhaps something we should avoid. As mentioned earlier the network weight is growing rapidly which should take care of these issues by itself.

What are your thoughts on removing POW? I don't see much benefit for it any more, except leaving us open to another attack.

Anyway what ever we end up doing I don't think we should take a hard fork decision lightly. Let's not forget the last one took nearly a year to get everything back up and running again.

The chain was attacked by PoS not PoW. Any HF would be done with many months in advance. But I do agree, they should never be done lightly.