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Showing 10 of 10 results by l.crypto
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Board Announcements (Altcoins)
Re: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★
by
l.crypto
on 15/08/2015, 09:34:36 UTC
It's not a concrete proposal and it's nowhere near technically sound, I don't see Drak agreeing to a change recommendation solely for that purpose.
 
VIA updating the current website, outdated and broken links, via/xch block explorers, clearinghouse!! blog updates and community building are, in my opinion a greater priority.

I would like to see all those things updated before 'Via's big news' breaks, whatever that is!


Please correct me, but Drak always EMPHASIZED that this is a community project and hes just the "tech guy" (please no offense here, VIAs tech is still great imo). In other words: he will stay out of political or market discussions, community has to decide where the coin is going and changes can be submitted at any time. He will only use his "veto" if it hurts VIA in a technical way, otherwise every proposal that gets enough community support will be tried to be implemented.

Since mining is secured by merge mining REGARDLESS OF REWARDS, I dont see how a reduction of the inflation can hurt VIA. Quite the opposite if the fork is done professionally. I agree that website maintainence etc. has to be done as well, but since you mentioned "community building": how should this work? How has it worked the past year?

Modifying the reward schedule is a concrete chance to get some people involved again, at least getting VIA back on the radar. It's not super big news, but at least better than nothing and a step into the direction of "community building".



I have a suggestion for a better block subsidy as was being discussed a few weeks ago. Sorry for lurking, but I never had anything to say before. How about introducing the more traditional block halving from a set point in the future. Something along the lines of

Code:
main.cpp:

CAmount GetBlockValue(int nHeight, const CAmount& nFees)
{
    //...
    } else if (nHeight > 1400000) {
        int halvings = nHeight / Params().SubsidyHalvingInterval(); // 675000 blocks or 6 months
        // Force block reward to zero when right shift is undefined.
        if (halvings <= 64) {
            nSubsidy = 10 * COIN;
            nSubsidy >>= halvings;
        }
    }
}
return nSubsidy + nFees;

This would reduce the block schedule significantly in about 7 months from now.



Thank you for your suggestion and welcome to the community (whatever is left of it lol)! Good to see that VIA still has some lurkers Smiley

I'm sure the more tech savvy guys around can elaborate it better, but what I understood from your suggestion (please correct me if wrong):

1. you propose a fork that would take place in about half a year from now, giving enough time to securely plan and prepare it
2. after the fork the rewards will be halved every 6 months
3. if my math is not too much off and its based on the current schedule (about 32MM blocks altogether), it would mean we end with about 23-25MM VIA coins => total supply of VIA down to lets say 24MM coins (from current 92MM)

Not sure if its intended to have a similar amount as BTC in the end, but I personally kinda like the idea Smiley
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Topic
Board Announcements (Altcoins)
Re: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★
by
l.crypto
on 10/08/2015, 12:13:57 UTC

"reduce inflation without risking blockchain security" sounds great but for what purpose other than to pump some short-sighted life into Viacoin for the coffers of whom "sit silent without answer concerns of this community watching how this drama unfold"


EXACTLY for that purpose: bringing some action and life back to VIA.

Sorry to play advocatus diaboli here: theres NO community to push adaption. Changing rewards or total supply wont change that miracly, but it is a step in the right direction in my opinion - likely bringing some attention back to VIA. VIAs tech is great, no doubt, but time is running AGAINST Viacoin. Nothing to sugercoat here.

You call it short sighted, I say its an opportunity to get VIA back on the radar. EVERY kind of PR helps VIA at this stage. Smoking hopium does not.

For me its pretty easy (no affront here): we can either keep things going like they are and watch VIA completely fade, or try to get people "interested" again. Some only for market action, but some will have a closer look and realize the good tech VIA has to offer. Many coins have shown these moves can work and with Drak at the helm the risks are pretty small techwise. Moreover he kinda agreed that he would make it if enough people supported it. I'm more than willing to take that "risk", simply cause I know how the alternative will look like (and I think everyone could see it the last 8-9 months already...).
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★
by
l.crypto
on 26/07/2015, 12:54:19 UTC
I think before any proposal could be made for altering the inflation schedule an analysis of the current schedule could be carried out what was the reasoning

The schedule was based on non-merged mining which requires creating enough incentive for miners to mine enough to secure the coin. That dynamic changed significantly with merged mining because the coin will be mined anyway, even with a small mining schedule (e.g. doge) because whatever subsidy is still free money to the miner as they dont have to expend any extra resources to merge mine an infinite number of coins.

Translation: at the beginning VIA had to endure the negative effect of high inflation to secure the network (= giving miners enough incentive to mine VIA)...since merge mining this is no longer true. We can significantly reduce inflation without risking blockchain security.

Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★
by
l.crypto
on 24/07/2015, 13:20:16 UTC
I hold some via but my concern is the huge inflation of 30% annually gonna kill it, no matter if this coin has been the most developed as many argue because the crypto space is evolving in a pace that via can´t afford without resources/developing or associations linked to real world, moreover BtcDrack just sits silent without answer concerns of this community watching how this drama unfold, there is no roadmap not a single word in this beheaded thread just some brave believers that prefer to think everything is ok because someone is working for them behind the scenes, the leader has to assume their on character and keep the people inform of every stage for good or for bad, answer just to tech/irrelevant questions just aggravate this because he is aware but prefer not say anything about the real issues. Sad Sad

Regarding changes to the consensus code, I hope you don't think I have some kind of ability to force changes because I dont. We can propose change to consensus like we did with merged mining, and now BIP66 and it is up to the users and miners agree. If you want new features or whatever you should suggest them. I'm open to ideas and we can discuss features.

I've been silent for a long time, but ill take my chance here as I see a maybe big opportunity: if I understood you correctly, its up to the community (and well yes miners) to agree on bigger changes to the consensus like the reduced coin supply/inflation that llildur implied. And youre up to "suggestions" if enough community members push it - and will implement it? Please correct me if im wrong...

Why im asking: as I was a supporter for the merge mining fork, I would also LOVE to see a reduction of the overall supply.

It could give some market action back and obviously benefits current holders - or in other words: all the people who still believe in this project even through these tough times.  Tongue Only downside I see is that it would need a hard fork (?)...but Todd and you have shown in the past that youre more than capable of that so personally I think the risk is pretty low.

Anyway to sum it up: would be cool if we could have some discussion about that like we had with the merged mining decision. Calling everyone to action  Grin


Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★
by
l.crypto
on 03/12/2014, 10:29:26 UTC
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★
by
l.crypto
on 01/12/2014, 16:17:53 UTC
My vote goes for +1 merged mining.

As far as I understand the advantages easily outweight possible risks right now. And even the risk of another hard fork: Drak and his team have just proven that they're more than capable of doing a smooth fork without any problems. I'm not a miner, but as a trader I love a secure/robust network, especially if the further adaption of Viacoin should flourish. Long story short: just do it. My 2 cents.



My second entry


Christmas treechain! I love that haha Grin
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★
by
l.crypto
on 28/11/2014, 10:25:21 UTC
Since I think we are still looking for an "accepted here" Viacoin logo/button, here a merged version of the logos Drak posted and the concept that Yingsena submitted. Everybody please feel free to modify or enhance it!

As a reminder/quick reference:

Draks "pure" version:
https://bitcointalk.org/index.php?topic=699278.msg9446431#msg9446431

Yingsenas version:
https://bitcointalk.org/index.php?topic=699278.msg9448968#msg9448968

I just edited that post, my last effort was this ...


http://i.imgur.com/22kPs5T.jpg VIACOIN and other Major Coins Accepted

Might be usefull for a site like Pex Peppers that use https://www.coinpayments.net

http://i.imgur.com/CVVUBQK.png

Modified version of one of the merged examples with a BTC logo.

Personally I don't think this works very well, as it somehow makes Viacoin seem to be a subsidiary of Bitcoin and deludes the brand (while I already tried to make the BTC logo less prominent). Having the Bitcoin font and the “button look” is fine and even needed in my opinion, as it has become more or less a standard across all leading coins. The recognition going with that should be enough. Moreover it’s important for merchants to have this standardized look for their customers, especially since it creates a harmonic overall impression. If every coin has its very own highly customized button, it might put merchants off to integrate these images on their website as it looks like a banner desert in the end.

Nevertheless it would be good to have ADDITIONAL buttons and options available to offer merchants a wide selection to choose from – if they wish to. Maybe a webdesigner or even merchant could give some insight Smiley
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★
by
l.crypto
on 27/11/2014, 18:08:40 UTC
Since I think we are still looking for an "accepted here" Viacoin logo/button, here a merged version of the logos Drak posted and the concept that Yingsena submitted. Everybody please feel free to modify or enhance it!


bright polished:

http://i.imgur.com/FFpg3F6.png


darker polished:

http://i.imgur.com/0HS1NSs.png


bright polished with "gold" as example:

http://i.imgur.com/wr07rWB.png


As a reminder/quick reference:

Draks "pure" version:
https://bitcointalk.org/index.php?topic=699278.msg9446431#msg9446431

Yingsenas version:
https://bitcointalk.org/index.php?topic=699278.msg9448968#msg9448968
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★
by
l.crypto
on 26/11/2014, 18:03:22 UTC

http://i.imgur.com/otShOds.jpg

I'm posting this here because in my opinion the VIA community could use some more "fun". I know that memes usually have a trollish touch, but when they're good they get shared a lot on social platforms like Twitter, Facebook, whatever. They receive attention. They engage people. Dogecoin probably is the best example for this viral power and while it was surely a lucky strike, the lesson to be learned here is that any PR is good PR.

I think it's another good way to further create some awareness and engagement that I haven't seen leveraged so far with VIA at all. Just my 2 cents Wink
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [VIA] ★ Viacoin ★ ~ the future of digital currency ~ ★
by
l.crypto
on 24/11/2014, 13:30:42 UTC
INVALID BBCODE: close of unopened tag in table (1)