EOS RAM Trading Fee Proposal
EOS Ram Fees Current vs Proposed
“There is already 1.5 million eos tokens made from a 1 month RAM trading fees. Over a year that would increase considerably. Under the current system eos tokens earned through RAM trading fees are taken out of circulation and offset against the 5% rate of inflation. The current system divides the value between everyone regardless of wheter you are been officially contributing towards EOS in positive way or not. However redistributed these RAM trading fee tokens instead of burning them to those EOS tokens who have staked would allocate this value to them only.
The average EOS token holder only has one reason to stake his or her tokens and reason is to vote. So through rewarding token holders who stake you would be rewarding token holders who vote essentially regardless of who they vote for.
So this is what Dan Larimer himself has had to say about this proposal (quote): Currently voting has a cost. Time and reasearch cost. I want to lower it to zero by ofsetting cost with rewards redistribution of network income to staked token holders has a much perceived value than burning them. It will lower RAM costs by creating opportunity cost.” From https://www.reddit.com/r/eos/comments/90qo2a/a_new_opportunity_for_eos_holders_ram_income_for/
EOS Fork: Telos (TLOS)
An EOS fork is coming soon. The Telos team is aiming for an August 2018 launch of the Telos netowrk and TLOS coin.
The Top EOS Wallet
The Greymass EOS wallet is the best EOS wallet I have used. The Greymass team continues to pump out updates with new features weekly.
EOS Under Attack
Any EOS user who stakes their EOS can use those resources how they want. In this case, we are seeing a user waste his EOS resources by spamming the blockchain with memo’s with the action name “ddos”. Nothing to worry about. All EOS functions remain operational.
MoneroV Fork Details
MoneroV fork is happening at block 1564965.
Many exchanges and services have already announced their support of the MoneroV fork. These include HitBTC, CoinEx, BTC-alpha, Coinroom, Ovis & Octaex among others.
Any wallet that that provides you with access to your own private keys so that you can import them into the XMV wallet to receive your forked coins. Suggested wallets include the official getmonero.org GUI/CLI wallets, mymonero.com web-based wallet.
Monero ASIC Fork – XMZ, XMO, XMC Created
Monero has fork’d because of ASICs miners but not everyone was on board. This has brought us 4 new Monero projects: Monero Classic, Monero 0 (XMZ), Monero Original (XMO), and Monero Classic (XMC).
Mt. Gox Selloff
The image below shows what happened to BTC price every time a Mt. Gox wallet transferred BTC to an exchange.
How To Track Mt. Gox BTC Wallets
The button below will take you to the page that tracks Mt. Gox BTC wallets. When one of these wallets transfers BTC, be ready for another Bitcoin selloff.
Mt. Gox BTC Crash Over?
Mt. Gox owed creditors $391 million but the sold BTC from the chart above adds up to $405 million. Does this mean the Mt. Gox selloff is over? Use the Mt. Gox BTC wallet tracker to be the first to know if Mt. Gox is moving more Bitcoin to an exchange.
How To Setup BTCP Wallet and Claim BTCP
In this video I go over how to setup the BTCP Electrum wallet and claim BTCP using private keys.
BTCP Electrum Wallet: https://github.com/BTCPrivate/electrum-btcp/releases/
BTCP Fork Time & Date
The BTCP snapshot will occur on the first block time stamped after 5pm UTC on February 28th, 2018. This will be the case for both BTC, and ZCL.
Once the above timer hits zero, the first block time stamped on both the ZCL and BTC blockchain will be the snapshot block.
Zclassic (ZCL) Paper Wallet Setup Tutorial
How to setup ZCL paper wallet for the BTCP (Bitcoin Private) fork.
BTCP Official Site: https://support.btcprivate.org/051458-Is-There-a-ZCL-Paper-Wallet
Litecoin Cash: Coming February 2018
Litecoin Cash is the first hard fork of the Litecoin blockchain. This fork will occur around February 18, 2018. The jury is still out on if this is a legit project or just a money grab scam.
Litecoin Cash Fork Details
- Symbol: LCC
- Fork Block: 1371111
- Claim Ratio: For every 1 LTC you hold at the fork block, you’ll receive 10 LCC
- Max Supply: 840 Million
- Mining Algorithm: SHA256
- Block Time: 2.5 Minutes
- Segwit: Yes
- Lightning: Yes
Features of Litecoin Cash
There are a couple features of the LCC project that make it intriguing and will make mining LCC more fair.
The first is the mining difficulty recalculation algorithm. Litecoin Cash will use Evan Duffield’s DarkGravity V3 algorithm from DASH. This will provide a more predictable block time as well as add protection from multipool hopping.
The second is the slow-start control to mining. The block rewards will start at 1.25 LCC and grow to 250 LCC over the first 400 blocks after the fork to prevent early LCC miners from having an unfair advantage. The first 24 blocks after the fork will be mined at minimum difficulty. After this, the DarkGravity algorithm will adjust the difficulty based on observed block generation times. The halving of block rewards will occur at the same chain heights as Litecoin.
Litecoin Cash Premine
Litecoin Cash will employ a premine of 1% of the total supply at the time of the fork that will be paid to a development fund.
Charlie Lee Calls Litecoin Cash a SCAM
Charlie Lee, the creator of Litecoin, calls Litecoin Cash a scam saying on twitter “Since on the topic of scams, any fork of Litecoin, calling itself Litecoin something or other, is a scam IMO. Litecoin Cash, Litecoin Plus, Litecoin *… all scams trying to confuse users into thinking they are Litecoin.”
Since on the topic of scams, any fork of Litecoin, calling itself Litecoin something or other, is a scam IMO. Litecoin Cash, Litecoin Plus, Litecoin *… all scams trying to confuse users into thinking they are Litecoin.
This also applies to all Bitcoin forks trying to confuse.
— Charlie Lee [LTC] (@SatoshiLite) January 30, 2018
Charlie also says that this is not a fork from the official Litecoin team saying “The Litecoin team and I are not forking Litecoin. Any forks that you hear about is a scam trying to confuse you to think it’s related to Litecoin. Don’t fall for it and definitely don’t enter your private keys or seed into their website or client. Be careful out there!”
PSA: The Litecoin team and I are not forking Litecoin. Any forks that you hear about is a scam trying to confuse you to think it’s related to Litecoin. Don’t fall for it and definitely don’t enter your private keys or seed into their website or client. Be careful out there! https://t.co/qXbiIxp5Al
— Charlie Lee [LTC] (@SatoshiLite) February 4, 2018
Time will tell if this project is legit. If exchanges list LCC, it will be up to the market to set a price. As we have seen with BTC forks, some of these projects can have value. Before you claim your LCC, make sure the LCC wallet you lose is legit so you do not get your Litecoin stolen.
Litecoin Cash Links:
Litecoin Cash Website: https://litecoinca.sh
Litecoin Cash on BitcoinTalk: https://bitcointalk.org/index.php?topic=2876538.0
Litecoin Cash on Twitter: https://twitter.com/LitecoinFork
Litecoin Cash on Telegram: https://t.me/litecoincashofficial
Litecoin Cash on Discord: https://discordapp.com/invite/F2nZXnW
Litecoin Cash on GitHub: https://github.com/litecoincash-project/
Bitcoin Private Fork
The Bitcoin Private (BTCP) Fork snapshot will happen February 28, 2018. No block released yet but the snapshot will happen on a block during that day. However many BTC and ZCL you have in your wallet at the time of the snapshot, you will receive the same amount of Bitcoin Private (BTCP).
The BTCP team is not allowed to talk about exchange support so an announcement on BTCP exchange support will either come from an exchange or third party.
The ZCL Electrum wallet has been released and can be downloaded at https://github.com/BTCP-community/electrum-zcl/releases/tag/Z!1.0.0
BCI Hard Fork SOON!
The Bitcoin Interest (BCI) hard fork is happening soon at block 505,083 which at the time of this video is around six hours away.
Ethereum Classic (ETC) Side Chain Fork To Callisto (CLO)
Ethereum Classic (ETC) is creating Callisto (CLO) from the ETC blockchain at block 5,500,000 which will happen around March 5, 2018. For every 1 ETC you hold at block 5,500,000 you will receive 1 CLO
Upcoming Bitcoin Forks in January 2018
The upcoming Bitcoin forks in January 2018 include Bitcoin Ore (BCO), Bitcoin All (BTA), Bitcoin Pizza (BPA), Bitcoin Interest (BCI), Bitcoin Private (BTCP), Bitcoin Atom (BCA), and more.
0:05 Bitcoin Forks in January 2018
0:36 Bitcoin Uranium (BUM) Hard Fork
2:01 Bitcoin Ore (BCO) Hard Fork
2:36 Bitcoin Ore (BCO) Roadmap
4:02 Bitcoin All (BTA) Hard Fork
4:27 Bitcoin Pizza (BPA) Hard Fork
5:20 Bitcoin Pizza (BPA) Distribution
6:43 Bitcoin Interest (BCI) Hard Fork
7:14 Bitcoin Interest (BCI) Interest Payments
8:18 Bitcoin Interest (BCI) Interest Rate
10:08 Bitcoin Segwit2x Retry
10:54 Bitcoin Private (BTCP) Hard Fork
11:52 Bitcoin Atom (BCA) Hard Fork