Nice work devs!  Not sure what to do with this news, but good to go!

optiminer dev, if you're listening, can you kick the min amount up to 1HODL or something?  or make the payout customizable for an account?  the microtransactions are getting a little crazy at .5 HODL each.

Because that's what happens when you click on the community link.  As I said previously, it needs directions.  Very difficult to read minds over the internet.

really frustrated with Discord, it just sucks.  hardly ever loads correctly, most times not at all.  I'm not sure why we went away from slack which worked all the time ever time.

That was a fun little burst of exchange activity over the weekend, let's see another one!

Ah.


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9:45 AM - 19 Jan 2018

We finally get some excitement going and I can't get in to coinexchange.io  wtf?

Not dead

https://bitcointalk.org/index.php?topic=1317918.5040

Hodling by to Hodl by.

I've sent 3 deposits recently to coinexchange.io.

They are being received and confirmed, they are usable (exchangeable), and they are recorded in the blockchain according to fuzzbawls.

The hash of that specified block to see if i'm not the right chain matches perfectly in the debug window.

The balance of the transactions definitely gets taken from my wallet.

And yet, those transactions do not exist as far as my wallet transaction records are concerned.

I have gone so far as to delete everything except the wallet file out of the roaming directory and let it rebuild.

On 6/7/17 I sent 1 HODL as a test to coinexchange and that transaction dutifully shows up in my transaction log.  The 3 deposits in question were sent after that date.

Any suggestions?

Optiminer's pool pays out using the structure created when everything you mined was automatically hodl'ed for 1 year in your wallet.  So, when your balance reaches 50 hodl, you 'get in line' with anyone else who has a balance of 50 or more, and when it is your turn an entire block (50 hodl) is mined to your address, thus paying you 50 hodl.  Now, since the last fork, mined coins don't autohodl, so yes, you will have to manually deposit anything that you want to HODL in a term deposit in your wallet.

Optiminer's pool is alive and well as far as I can tell.  I'm still getting blocks from it.

ok, but geez, another hard fork already?  and we already talked about the 1 cent being really expensive right now.

I love to see that, I hope it continues.

As I, and others, have said before, we need to find and accumulate uses for this coin.  Specifically we need to find merchants willing to accept it.  Whether this is someone selling online guitar lessons or alpaca wool socks or trained ferrets  or whatever we need to get commerce going.  We need to do this before we start chasing more exchanges.  Adding more exchanges (if it's even possible) is only going to encourage more mining and dumping activity that I see people complain about because it will be more convenient for the dumpers to list their coins.  People do not need more ways to get this coin, they need a reason to get it and something to do with it.  Otherwise we're all just standing in a circle holding our nuts....I mean, uh, ACORNS!  There's a logo for you, a bunch of squirrels standing in a circle holding their acorns, cause that's where we are right now.

So, if your favorite online or brick and mortar store accepts crypto, contact them and see if they would be willing to accept HODL, even on a trial basis.  If we get a good base of merchants going, THEN you can take that list to exchanges and show them that the coin is desirable.  Chasing exchanges now is simply hoping for a false frenzy on a new exchange to temporarily boost the price.  We don't need a pump and dump, we need this coin project to grow for real.

Custom length deposits are already there.  You can choose months, weeks, days, or even blocks, and then specify the number of them to HODL.

I ran some amusing advertising 'commercials' through my head the other day based on the safety of HODLing vs being a victim of the markets, as well as one touting the lightning fast speed of the HODL network vs the slow BTC network.  I have no drawing or video skills but maybe I can storyboard them out if anyone has an interest in playing with them.

To continue with that thought, if I mine with a pool (let's use optiminer's as the example), and my payouts come in 50 HODL each payments, those are worth (at the moment) about 10 cents usd.  Optiminer's pool sends the payment to me, and a 1 cent fee is incurred (which is destroyed).  So that's 1/10th the value of the payment.  I will assume the pool is not likely to be absorbing those costs out of the goodness of their hearts.  So let's say they get passed on to the miners.  Now my payment of 50 HODL has cost me 5 HODL on top of the pool fee (1%, or .5 HODL)  I was already paying which effectively brings the pool fee to 11%.  Who among us wouldn't die laughing if a pool advertised an 11% fee? 

Now I HODL those 50 in the wallet, and another 10% is taken in transaction fees?  So by the time I get paid for mining and get my nuts safely hodled away, I actually get a value of 39.5 HODL out of a block of 50.  21% in fees for every 50 HODL is straight out nuts.  Not to mention the compounded loss when you start talking about interest lost on the coins that are taken up in fees.

So ok, yes, you can mitigate this some by pools upping the minimum payout amount so that the percentage of the total payment that is taken by the 1 cent fee is less, but then the pool is now holding on to my HODL that could be earning interest in my wallet.  Meanwhile, in my wallet, I'm having to mimic the pool's payout scheme when I HODL by waiting until I have a substantial balance to HODL in order to minimize the impact the fee will have as a percentage of my HODL transaction.  And the longer I wait, the more interest I lose out on.  You also put massive pressure on HODL'ers to choose the longer term deposits, because doing short term deposits will cost more in transaction fees (re-hodling every say 30 days to keep your HODL somewhat liquid would cost you the transaction fee 12 times a year instead of 1 with a yr HODL).  And voila, we're back to everyone having to HODL for a year, only now it's not a requirement, it's the only economically sensible thing to do.

If you really want to implement something like this now you need to write it to scale to the current value of a HODL, maybe updating the fee amount once a month (or week, or day, whatever is reasonable).  And right now 1 cent per transaction is highway robbery.

2 of 3 machines show the correct result.  the third is still 30 weeks behind trying to sync the chain so that hash is out of range.  58 active connections with loads of 3.01 peers and it's been days trying to sync.

On one of two that shows the correct result it is still missing the send to self transaction of a couple of days ago.

Yes, I think that is likely the reason this is so jacked up right now.  I think I would follow the advice to copy the blockchain over but I'm not really confident in one wallet cloned showing me the true picture.  Hell, I'm not even sure what the true picture is anymore.

I have 3 instances of my wallet on 3 different computers.  All are at 3.01 now.  Last night I blew away the blocks and chainstate folders on all of them.  today, I have one wallet that seems to be current, and I used that to do a "send to self" transaction today.  On the computer that I did the transaction on, everything is normal.  On a second computer, my transaction list is missing the send to self transaction.  On the third computer, I'm stuck synchronizing at 49 weeks behind.  So things are rather....inconsistent right now.