Category Archives: Blockchain stuff

Free thoughts about Blockchain stuff.

Sloth to Proxima Centauri!

To Proxima Centauri!And we’re off! Where other Crypto Fiat coins go for the moon or mars, Slothcoin will even go beyond that. Sluke, the young Sloth is on his way to Proxima Centauri. Off course he found the Fork to be a wormhole to his destination. It’s the way of the wise Sloth.

While it took some time to get the new version 1.3.1 build 3 accepted by old and new users of Slothcoin, it finally took off. More connections to the network, Slothly it goes. With the crucial block slowly closing in all seems to go more Sloth then thought before.

And now it is up to Cryptopia, MultiFaucet and the rest to join in. Making a stronger network all together now there is a pool too.

Let’s go towards 2020 here and may the Sloth be with you!

 

What if there is no consencus?

What if there is no concensus on the Slothcoin network about moving to version 1.3.1 build 3 before block 300K kicks in? It needs to be considered that this might happen. Because only one 24/7 deamon updated and there are just a few other peers that seem to have done so until now. No worries yet, but from block 295968 it becomes crucial.

There are more coins up and about that exceed the 2^63-2 limit of the int64 variable of the MAXCOIN value. Some even consider to become POS, while they should go more towards POB (Proof Of Burn), I guess. And MAXCOIN is only there to limit the amount to be send to a maximum. Still it is an int64, signed, so only 63 bit really should be used, divided by 100.000.000, or the value of 1 COIN. But what are the chances of someone having 92 billion COIN, right? So the real COIN ever to be released will almost be like infinite…

If you do not understand this, never mind, back to the fork, or not the fork, that is the question…

Whatever the choice of the majority of peers within the Slothcoin network at block 295968, that version will be the one to continue. Be it version 1.3.0, than so it be. The community chooses. If three quarter of the connection agree to a certain version, then that should be it from block 295968 onwards.

Therefor it will be monitored closely if version 1.3.1 build 3 gets consensus or not by block 295968, if not it will be considered to be voted out. If that happens, the next is adviced, if you did run 1.3.1 build 3, like me, off course.

If by block 295968 Slothcoin version 1.3.1 build 3 has no 3/4 of the connections.

  • Stay Sloth, there is still about a week to go.
  • (Always) Back up your wallet, preferable twice on two different media
  • Stop the 1.3.1 build 3 version
  • When needed, copy your wallet to the 1.3.0 user folder
  • If in seperate folders. Remove the old 1.3.0 ‘blocks’ and ‘chainstate’ folders.
  • If needed, copy the ‘blocks’ and ‘chainstate’ folders to the 1.3.0 user folder
  • Start version 1.3.0 (Qt or deamon) again
  • Be Sloth while it checks the blocks and wallet
  • See what happens in the future, and keep the Sloth goin’

For me, this project is considered to be a learning proces. I like the way the community made an effort to make a difference to keep the Sloth going. And it will probably do so with version 1.3.0. Have no idea what will happen if the overdraw in Slothcoin goes beyond 2^63-2, time will tell. Somewhere around block 330K this will be the case. (In the sourcode MAXCOIN has no real impact, it seems, but only the limit on the amount one is able to send in one go.)

Currently we are still about 4 weeks away from that switchpoint. But when the fork gets no consensus in time then it will be needed for all peers to get back to version 1.3.0, to get the Slothcoin going. And for me the signal to leave and do something else, and put this fork on ice.

Just doing my best to stay realistic, as it might be the scenario that could happen.

Stay Sloth!

Difficulty and blocksize

There seems to be something to do about blocksize, should it be gigantic? Even mister Satoshi himself got involved again. Allthough that is subject of discussion inside the world of BiTCoin. Some were even asking to shut him up. Even if it seemed very likely that is was indeed the creator of BiTCoin himself. Now why should the developers listen to him right? Or should they, because he is making a legit point?

It started to go in a direction of spliting up BTC when a group developers started to try to get mainstream acceptance. In some way this would make BiTCoin about the same thing as fiat money. As a virtual version of it. That is a big deal, because at a certain point it would get regulated by law and taxed the next moment. Also Banks could have a real go at it. And major corporations too.

Now, mister Nakamoto Satoshi would have to step in, because, as far as it can be understood, this was the opposite of why BiTCoin was created.

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