Quote from: thekidcoin on May 04, 2014, 01:03:50 PM

Quote from: mikeymillie on May 04, 2014, 07:40:28 AM

Quote from: grifta on May 04, 2014, 07:23:59 AM

Quote from: thekidcoin on May 03, 2014, 06:55:38 PM

Proof Of Transaction v2 specs released. New Binaries to be released tomorrow:

http://www.fluttercoin.us/fltbeta2/wp-content/uploads/2014/05/proof-of-transaction-v2-r.pdf

Can't believe after almost 2 pages of arguing no one has mentioned this.

From .5% chance of a block creating PoT reward to 80%. That is a huge change. Have none of you seen this?

- 8x the output of flutter in rewards from PoT
- added security due to more PoT checkpoints
- 20 FLT set reward rather than half the block reward
- reduced required transaction amount from 500 FLT to 1

Previously the reward would have ended up minuscule, while now it is a set rate and has a much better chance of happening. You're all so caught up in everything that has little relation to the coin itself.

I have read the updated paper and you are right, it does look like good news. But as far as I understand the current state of affairs the paper is a proposal, not a final spec. Not aware of the timeline to transition to this, if there is one yet.

But it is good to see some progress toward making PoT more enticing and a more equal partner in the ecosystem, alongside PoS.

It's final... Building binaries now and will release them and the code today. As of now, will take effect at block 55K (that may go up to 56k though)

I'm guessing things took longer then expected? That's cool, the changes won't be effective immediately anyway. I'd rather you take your time and make sure everything is right rather than a sloppy job you have to patch in a month. A lot of changes were made in the upcoming changes. I could wait a couple more days if there are more tests you need to perform.

Keep us updated.

Cheers