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Main => General Discussion => Topic started by: bytemaster on November 13, 2014, 10:06:40 pm

Title: Save PTS - Increase Default Transaction Fee
Post by: bytemaster on November 13, 2014, 10:06:40 pm
I think we can save PTS by increasing the default transaction fee to 10 PTS.    This wouldn't be a hard fork but would allow people to transact and make it profitable for miners to produce blocks.

$2.50 to make a transaction isn't that bad for large transactions and PTS isn't really ideal for small transactions at this point in time.

TestZ if you want to release a point update to help keep PTS alive until DPOS version can be made.
Title: Re: Save PTS - Increase Default Transaction Fee
Post by: fuzzy on November 13, 2014, 10:52:22 pm
Bump
Title: Re: Save PTS - Increase Default Transaction Fee
Post by: fluxer555 on November 13, 2014, 11:00:07 pm
I think that discriminates against low stakeholders.

Perhaps the fee should be: 10% of transaction amount, or 10 PTS, whichever is less, with a minimum of 0.1 PTS. It should be possible for miners to implement this logic without a hard fork, yes?
Title: Re: Save PTS - Increase Default Transaction Fee
Post by: emski on November 13, 2014, 11:04:00 pm
I think that discriminates against low stakeholders.

Perhaps the fee should be: 10% of transaction amount, or 10 PTS, whichever is less, with a minimum of 0.1 PTS. It should be possible for miners to implement this logic without a hard fork, yes?

There should definitely be a hard maximum. You cant ask 10% from large transactions. It is insane.
What about 10% up to 10 PTS and no less than 0.1 PTS?
Title: Re: Save PTS - Increase Default Transaction Fee
Post by: fluxer555 on November 13, 2014, 11:35:49 pm
I think that discriminates against low stakeholders.

Perhaps the fee should be: 10% of transaction amount, or 10 PTS, whichever is less, with a minimum of 0.1 PTS. It should be possible for miners to implement this logic without a hard fork, yes?

There should definitely be a hard maximum. You cant ask 10% from large transactions. It is insane.
What about 10% up to 10 PTS and no less than 0.1 PTS?

Read what I wrote again. That is precisely what I suggested ;)
Title: Re: Save PTS - Increase Default Transaction Fee
Post by: Riverhead on November 13, 2014, 11:39:05 pm
 +5%

Since hopefully we'll be on DPOS sooner than later I'm comfortable with either. At current PTS prices it's not a hardship and, at least in my opinion, PTS is meant as a low transaction volume token for snap shots. The only transactions that are likely to occur are between private wallets and exchanges.
Title: Re: Save PTS - Increase Default Transaction Fee
Post by: emski on November 14, 2014, 12:04:51 am
Read what I wrote again. That is precisely what I suggested ;)

Right! I should go to sleep now...
Title: Re: Save PTS - Increase Default Transaction Fee
Post by: testz on November 14, 2014, 06:25:52 am
...
TestZ if you want to release a point update to help keep PTS alive until DPOS version can be made.

As you know I'm very conservative. I don't think we need to make any updates for PTS because current situation will help us to upgrade it to DPOS, old PTS network simple stop producing blocks and all users will move to new DPOS version, it's will be native network stop without changing rules.

Right now everybody familiar with this PTS behaviour - it's a part of the game for everybody.  :)
Title: Re: Save PTS - Increase Default Transaction Fee
Post by: lastagile on November 14, 2014, 11:07:50 am
what the fuck fffff
Title: Re: Save PTS - Increase Default Transaction Fee
Post by: Riverhead on November 14, 2014, 11:10:21 am
what the fuck fffff

the fuck: http://pts.cubeconnex.com/index.php
Title: Re: Save PTS - Increase Default Transaction Fee
Post by: Riverhead on November 14, 2014, 11:12:31 am

How hard would it be the have DPOS-PTS claimed 1:1 for each POW-PTS you have proof of burn for? That way the two PTS are not spendable at the same time.
Title: Re: Save PTS - Increase Default Transaction Fee
Post by: pc on November 14, 2014, 11:28:07 am

How hard would it be the have DPOS-PTS claimed 1:1 for each POW-PTS you have proof of burn for? That way the two PTS are not spendable at the same time.

I think it would be very tricky because it'd require delegates to monitor the PoW-chain. Not worth the effort IMO.

Besides, there will come a point where PoW mining is so slow that it becomes impossible to burn PoW-PTS. I. e. any coins left over in the old chain would be lost.
Title: Re: Save PTS - Increase Default Transaction Fee
Post by: Riverhead on November 14, 2014, 02:10:53 pm

How hard would it be the have DPOS-PTS claimed 1:1 for each POW-PTS you have proof of burn for? That way the two PTS are not spendable at the same time.

I think it would be very tricky because it'd require delegates to monitor the PoW-chain. Not worth the effort IMO.

Besides, there will come a point where PoW mining is so slow that it becomes impossible to burn PoW-PTS. I. e. any coins left over in the old chain would be lost.
That's true.

Sent from my SM-G900T using Tapatalk

Title: Re: Save PTS - Increase Default Transaction Fee
Post by: fluxer555 on November 14, 2014, 03:03:44 pm
I like the burning idea. All you would have to do is include the original protosharesd daemon with the DPoS daemon, which only kicks in when you have an active delegate, to enable tracking of both blockchains. This would allow to start a transition to DPoS without a snapshot. There could also be a hard cut-off snapshot where all unburned PTS are automatically sharedropped.

You could also make a condition where, if there hasn't been a block for 7 days, then the snapshot is automatically taken (with all pending transactions included).