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Anyone who has been following hodl knows there have been some questionable decisions made by the dev claiming it was "majority" voting for it. Some of us called out what seemed very questionable choices, and subsequently had our posts deleted. Now the coin is crashing, the hash rate is in the gutter, and the dev is proposing a new tax to pay "developers" other than himself. When I raised significant concerns about all of it, not the least of which is that he could easily siphon off all of the funds to himself through shell "developer" accounts my posts were all deleted too. He actually said he expected a robust debate, but by deleting any post that disagrees he is trying to make it look like everyone agrees and will force the change on everyone.
I am sure none of this comes as a surprise to anyone, but I thought I would post for anyone naive enough to think it is still a legit coin. Feel free to post here for unmoderated discussion of the coin and proposals. I am moved on to less questionable coins, but I hate to see others get caught off guard by a questionable developer who deletes all posts questioning his decision.
Including my posts below for documentation:
I am sure none of this comes as a surprise to anyone, but I thought I would post for anyone naive enough to think it is still a legit coin. Feel free to post here for unmoderated discussion of the coin and proposals. I am moved on to less questionable coins, but I hate to see others get caught off guard by a questionable developer who deletes all posts questioning his decision.
Including my posts below for documentation:
Quote from: Bitcoin Forum
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That's your opinion. With almost no hashrate, no pools, and no trading volume anywhere, and a rapid drop in value due to the fundamentals of the coin being changed on a whim, I disagree. I think it is dead and even rolling back this very buggy and ill-advised change probably won't save it.
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So... Coin is still alive or no? Volume of tradings are little, mining on pools unavailable etc... Or happy future will be? 
P.S. Sorry for my english...
coins still alive and working just avoid trading from yobit as the dev stated from above post wallet still in maintenance we needed to wait for some update to avoid delayed mate. P.S. Sorry for my english...
That's your opinion. With almost no hashrate, no pools, and no trading volume anywhere, and a rapid drop in value due to the fundamentals of the coin being changed on a whim, I disagree. I think it is dead and even rolling back this very buggy and ill-advised change probably won't save it.
Quote from: Bitcoin Forum
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that isn't what ocminer said at all. he simply stated that his time is limited and his current interests are with other projects. how the hell do you get "stopped caring because the coin will die" out of that!? Your personal opinions are yours to have, but don't put words in other people's mouths.
I was reading between the lines based on other posts, and it looks like I was right. The change took away all reward for pools and miners, so the pools have no motivation to do development to fix a screwed up decision when their rewards are a year away. For the same reason there is almost no hash rate left. Very few think it will be profitable when the year comes around.
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that isn't what ocminer said at all. he simply stated that his time is limited and his current interests are with other projects. how the hell do you get "stopped caring because the coin will die" out of that!? Your personal opinions are yours to have, but don't put words in other people's mouths.
I was reading between the lines based on other posts, and it looks like I was right. The change took away all reward for pools and miners, so the pools have no motivation to do development to fix a screwed up decision when their rewards are a year away. For the same reason there is almost no hash rate left. Very few think it will be profitable when the year comes around.
Quote from: Bitcoin Forum
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The problem is, you took away the reward by killing off mining. Now you are trying to fix it in a self-serving way by giving yourself full control of a huge slush fund of coins you can pay to "other developers" aka friends. This idea may be even worse than the idea to kill off mining. So I am sure it will pass with a "majority".
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We have a problem, HOdlcoin is running out of resources.
By that, I mean the amount of time, money, development and network services that people are willing to volunteer and donate to the HOdlcoin project. While users have been very generous so far, there is a limit that is reached and I think we are up against it. This curtails future development, promotion and network growth.
I want to start a discussion on a proposal to address this. I want to allow two weeks for discussion before formulating a Nutocracy motion. I expect this to be controversial and for robust argument to take place, and modifications to be made, but hopefully, by the end of it, we'll have found a motion that has wide support among HOdlers.
So without further ado, here it is.
Proposal: Create a budget to be used for promotion, development, network services.
How: Hard fork required to mine additional 50HODL (unhodled) to budget address if block number is divisible by 20.
Who: I will volunteer to administer fund. To avoid conflict of interest, I won't pay myself for any work, my contributions will continue to be voluntary.
Limits: Fund administrator to have discretionary spending, but should accept direction from Nutocracy motions to spend/not spend.
I'm hoping this will put HOdlcoin on a firm footing to pay for network services (nodes, block explorers, faucets etc), promotion (advertising, articles, twitter campaigns), development. It should also give HOdlers more power as they can vote for things that require a budget.
By that, I mean the amount of time, money, development and network services that people are willing to volunteer and donate to the HOdlcoin project. While users have been very generous so far, there is a limit that is reached and I think we are up against it. This curtails future development, promotion and network growth.
I want to start a discussion on a proposal to address this. I want to allow two weeks for discussion before formulating a Nutocracy motion. I expect this to be controversial and for robust argument to take place, and modifications to be made, but hopefully, by the end of it, we'll have found a motion that has wide support among HOdlers.
So without further ado, here it is.
Proposal: Create a budget to be used for promotion, development, network services.
How: Hard fork required to mine additional 50HODL (unhodled) to budget address if block number is divisible by 20.
Who: I will volunteer to administer fund. To avoid conflict of interest, I won't pay myself for any work, my contributions will continue to be voluntary.
Limits: Fund administrator to have discretionary spending, but should accept direction from Nutocracy motions to spend/not spend.
I'm hoping this will put HOdlcoin on a firm footing to pay for network services (nodes, block explorers, faucets etc), promotion (advertising, articles, twitter campaigns), development. It should also give HOdlers more power as they can vote for things that require a budget.
The problem is, you took away the reward by killing off mining. Now you are trying to fix it in a self-serving way by giving yourself full control of a huge slush fund of coins you can pay to "other developers" aka friends. This idea may be even worse than the idea to kill off mining. So I am sure it will pass with a "majority".
Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.
You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.
Why would you say you expect a robust argument, then delete any post that calls out legitimate concerns about your proposal? Can you please tell us if you actually want a legitimate discussion or if you were just saying that to make the change seem unanimous?
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I expect this to be controversial and for robust argument to take place, and modifications to be made, but hopefully, by the end of it, we'll have found a motion that has wide support among HOdlers.
Why would you say you expect a robust argument, then delete any post that calls out legitimate concerns about your proposal? Can you please tell us if you actually want a legitimate discussion or if you were just saying that to make the change seem unanimous?
Re: [ANN] Ħ [HODL] Blockchain Pays You Interest. 0.33% Every Day
What do you mean by blame ocminer?
ocminer said:
I'm aware of the issue and I know how to fix it but I'm out of time for this project currently and to be honest my interest is also currently at some other coins/projects.
Maybe someday...
Re: [ANN] Ħ [HODL] Fork at Block 86000 - Update before July 11th - URGENT
Interesting video and discussion on /r/btc on this today -
https://www.reddit.com/r/btc/comments/4rrqxu/does_anyone_find_it_odd_that_peter_todd_suggested/
Very interesting indeed:
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It's an interesting idea. In Dash, it has the obvious problem that Dash was instamined for millions of coins in a matter of hours after release, so those devs and extremely early adopters will be able to have more of a vote than others and for cheaper. But there's a more fundamental and philosophical problem with it to me. With a stake holder vote, your governance becomes a plutocracy (where rich people have all the say in decision making).
Do we think it's a good thing that rich people should have a bigger vote than poor people in governance?
Do we think it's a good thing that rich people should have a bigger vote than poor people in governance?
Same applies here. I have no doubt it's the Devs who control many of the voting coins. But even if not, it's very few "rich" people controlling the vote right now. Voting to screw over the majority (anyone still mining) to benefit the few large coin holders is precisely the reason why it's a bad idea.
Re: [ANN] Ħ [HODL] Fork at Block 86000 - Update before July 11th - URGENT
FAQ: Can HOdlers vote to steal other HOdler's HOdlings?
I think we'd need to take precedence from company law - I'm pretty sure shareholders can't vote for the 51% to appropriate the shares of the 49%. Ideally we'd want some sort of constitution as to what motions can be valid, and what can't, but in the absence of that, I'd say whatever changes shareholders can typically make in a corporation are a good way to decide.
And yet, that is exactly what just happened. A small number of large HODLers voted to deprive all miners of earnings in order to try to prop up the value of their coins, sacrificing the integrity and long-term value of the coin in the process. If I were writing a "constitution" for a voting coin, rule #1 would be that one class of user cannot vote to punish another class of user for their own personal gain. And that is exactly what has been done.
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These is an interesting point, and I've thought about it carefully, but as mentioned this kind of debate will happen over and over again and I don't want to repeat myself, so only going to continue this debate on the reddit thread.
Why not link Reddit to here for discussion. This is where the conversation started. Why run to another forum rather than answer here?
Re: [ANN] Ħ [HODL] Fork at Block 86000 - Update before July 11th - URGENT
I've a motion that I'd like HOdler's input on -
http://nutocracy.herokuapp.com/arguments/that-an-open-source-gpu-solo-miner-would-be-a-welcome-development
Previously I hadn't encouraged the development of a GPU miner software as my judgement was that GPU miners would likely be dumpers. Now that miners will be required to be HOdlers, I think a GPU miner would be a welcome development as it will help to raise the network hashrate in the absence of pool dumpers. Please vote your views on this issue. The motion is advisory in nature.
http://nutocracy.herokuapp.com/arguments/that-an-open-source-gpu-solo-miner-would-be-a-welcome-development
Previously I hadn't encouraged the development of a GPU miner software as my judgement was that GPU miners would likely be dumpers. Now that miners will be required to be HOdlers, I think a GPU miner would be a welcome development as it will help to raise the network hashrate in the absence of pool dumpers. Please vote your views on this issue. The motion is advisory in nature.
makes sence, hodled "Aye!"
I don't think I'm going to vote anymore. All these decisions are being steamrolled one way or the other by the top hodlers. My vote means nothing up against someone with 20 times the voting power that I have so what's the point?
Well, than again, someone who has 20x voting power also has 20x higher risk when something goes wrong. Did you think of it that way?
And happening to have jumped into HODL very early on, or having access to superior mining equipment, or simply being able to buy HODL straight out in large quantities makes that person more informed in the ways of the crypto world, or gives them keener insight into the effects of doing something drastic like this hard fork, or what the effect of a GPU miner will have on the HODL market? Having money (or in this case HODL) does not make you smarter or more capable of making decisions like this. All of our investments in time and money are at risk here, not just those who are sitting at the top of the list. And as I said previously, a lot of the people urging as hard as they could to slow down and think about these things instead of charging forward are the best and brightest IN this little crypto world (I am not among them, but I can see pretty easily who those people are). They may not be holding all the HODL, but they certainly know what they're talking about. So who do you think we should be listening to?
It's even worse than you are describing. Voting appears to be based on the future value of coins, not the actual amount held by someone. So the people who got in with insane interest rates will always control the vote even though they have very few actual coins right now. So if those big bag holders vote that anyone will less than 1M HODL will have their terms extended by a year, they could.
Re: [ANN] Ħ [HODL] Fork at Block 86000 - Update before July 11th - URGENT
If the majority votes to roll back the hodl requirement, will you undo this change in the future?
This
Freetrade, please answer this. It's critical to the future of the coin. You said you did the change because of majority vote, so using that logic a vote to move back should also be honored, right? Or any other successful vote that gets majority support? If not, it proves what most of us believe that you intended to make the change to protect your own hodlings and used the "vote" to justify it.
Re: [ANN] Ħ [HODL] Fork at Block 86000 - Update before July 11th - URGENT
by my count just now, there is over 230K of quite dubious looking "anonymous" hash on the pools.
and there has always been volume moving on the exchanges.
ever since alcurex first listed the coin.
so roll on next weekend.
and let's hope we will be saying "au revoir" to those pool miners that have been unfairly mining and dumping HOdl -
day in, and day out. - making us all depressed! and worried!
grrrr
and there has always been volume moving on the exchanges.
ever since alcurex first listed the coin.
so roll on next weekend.
and let's hope we will be saying "au revoir" to those pool miners that have been unfairly mining and dumping HOdl -
day in, and day out. - making us all depressed! and worried!
grrrr
"Unfair" just because you don't have the resources to mine yourself? I very much doubt botnet owners are messing with this coin at volume, if there is a total net hash rate of <400k. That is less than 400 dual-cpu e5 systems, and less than 1000 average home PCs.
Anyone who said you are moving to another CPU coin after 86000, can you make a suggestion? Is XMR the next best once HODL dies? OR are there other good CPU-only right now?
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Ok, changes made to ANN to remove 'fixed in nature' section.
SMH...you missed the entire point. You violated a hard and fast rule set forth at the inception of the coin. That is a death sentence for any coin.
Re: [ANN] Ħ [HODL] Fork at Block 86000 - Update before July 11th - URGENT
seeing impressive movement from yobit good volume and healthy trade thanks dev just keep it up so those who invest will be guarantee to have some profits after they finished the 12 months stake, i hope price will continuously rise up from time to time.
And yet it won't continue to rise. As more 6 and 12 month terms come up, you can be sure most of the big bag hodlers who voted to kill the coin by ending mining will dump immediately.
Re: [ANN] Ħ [HODL] Fork at Block 86000 - Update before July 11th - URGENT
Fixed in Nature
The POW Algorithm considered a technical detail and is subject to change to favor CPU and consumer grade hardware with the intention of keeping mining participatory and distributed.
ALL OTHER PARAMETERS ARE SET IN STONE. There will be no changes to mining subsidies, interest rates, distribution etc.
After I read the above forced change by bag-hodlers to screw over miners, maybe the OP should change this inaccurate section of the OP.
Re: [XDN] duckNote [ANN]. CryptoNote based. Anonymous and CPU only.
Has anyone else had an issue with a wallet where the password you are "sure" is correct doesn't work? I had an old wallet from early on, which I lost access to when i exited and ran it again. This obviously looks like a forgotten password, but I was certain I knew what it was.
I have started trying to brute-force it, but thought I would ask around anyway. At this pace, with 30 of my mining machines running a process, it will take about 1.5 months to try all of the a-z0-9 options up to 6 characters. I don't even know if that will cover it, so if anyone knows of a GPU-based brute-forcer please PM me. Or a way to run it not through simplewallet like the bitcoin brute-force options of extracting the hash and trying to generate a match. With the rise of XDN value it's worth my spending some time to work it out. Also, I am just stubborn like that.
I have started trying to brute-force it, but thought I would ask around anyway. At this pace, with 30 of my mining machines running a process, it will take about 1.5 months to try all of the a-z0-9 options up to 6 characters. I don't even know if that will cover it, so if anyone knows of a GPU-based brute-forcer please PM me. Or a way to run it not through simplewallet like the bitcoin brute-force options of extracting the hash and trying to generate a match. With the rise of XDN value it's worth my spending some time to work it out. Also, I am just stubborn like that.
Make sure you use the same -bit version as you used initially, when wallet was created.
E.G.
If you used -32 bit version - use it again now
If you used -64 bit version - use it again now
Thanks. It is the same version. I literally exited, re-ran, and it would not take the password. I don't remember running it more than once (just the initial run), so I can't rule out massive fat-finger, but I have tried every letter/number substitution within reason, and no luck yet. The frustrating thing is I am sure I could do this hundreds of times faster with GPUs, but don't have the skills to code something to do it. Or even if I could do it on CPU, but without just running the simplewallet app endlessly and watching for the exit code.
At the very least, take this as a pro-tip. Once you set the password, exit and re-run to confirm before you start mining into that wallet.
Re: [XDN] duckNote [ANN]. CryptoNote based. Anonymous and CPU only.
Has anyone else had an issue with a wallet where the password you are "sure" is correct doesn't work? I had an old wallet from early on, which I lost access to when i exited and ran it again. This obviously looks like a forgotten password, but I was certain I knew what it was.
I have started trying to brute-force it, but thought I would ask around anyway. At this pace, with 30 of my mining machines running a process, it will take about 1.5 months to try all of the a-z0-9 options up to 6 characters. I don't even know if that will cover it, so if anyone knows of a GPU-based brute-forcer please PM me. Or a way to run it not through simplewallet like the bitcoin brute-force options of extracting the hash and trying to generate a match. With the rise of XDN value it's worth my spending some time to work it out. Also, I am just stubborn like that.
I have started trying to brute-force it, but thought I would ask around anyway. At this pace, with 30 of my mining machines running a process, it will take about 1.5 months to try all of the a-z0-9 options up to 6 characters. I don't even know if that will cover it, so if anyone knows of a GPU-based brute-forcer please PM me. Or a way to run it not through simplewallet like the bitcoin brute-force options of extracting the hash and trying to generate a match. With the rise of XDN value it's worth my spending some time to work it out. Also, I am just stubborn like that.
Re: [duck] duckNote trading thread | Bid 1 / Ask 4.8 / Last 7.5
WTS: 13M duck for .6 BTC. Prefer to escrow with OP. OP, let me know where to send them if I want you to broker the deal (and if you have a suggested tip ratio because I don't expect you to do it free).