Starting your own currency questions

? Start computation of a new block if none received since (seconds) 
? Universal Dividend %growth: 
? Universal Dividend period (in seconds) 
? First Universal Dividend (UD[0]) amount: 
? Delay between 2 identical certifications: 
? Certification validity duration: 
? Number of valid certifications required to be a member: 
? Number of valid emitted certifications to be a distance checked member: 
? Membership validity duration: 
? Number of blocks on which is computed median time: 
? The average time for writing 1 block (wished time) 
? Frequency, in number of blocks, to wait for changing common difficulty: 
? Number of blocks to check in past for deducing personalized difficulty: 
? Weight in percent for previous issuers:

First two questions:

  • Is the certification and membership validity duration in seconds, minutes or days?
  • Do new members start with 0 after a first universal dividend has been shared or do they all get the first universal dividend amount?

Every duration is in seconds.

I don’t understand well your question, but here is the general rule: when a UD is written, then all current members gets it. Hence, those who are not member at that moment do not get this UD.

I don’t understand well your question, but here is the general rule: when a UD is written, then all current members gets it. Hence, those who are not member at that moment do not get this UD.

Maybe I should ask this differently. Let’s say UD[0] = 100 and UDg = 1%, is UD[1] then 101 or 1?

Please, look at the Informations tab in cutecoin. The rules frame should explain it. If you can’t get it we’ll have to enhance the explanations :slight_smile:

Three more questions:

  • Does the uCoin software team have any intentions to have the best currency for their own platform?
    As in: "Your uCoin florins are nice, but our brouzouf will always be the best uCoin out there forever because we know what technical changes we recently made and adjusted our brouzoufs to accordingly."
    Or do I stand a chance to have the best configuration?
  • Can I serve more than one currency? on a single daemon?
  • I tried running a server and connecting to it via cutecoin for the first time but get an error. My ucoin server is running on a vagrant/virtualbox on 127.0.0.1:61415, so I try adding a community with the same parameters. Then I get this error:

HTTPConnectionPool(host='127.0.0.1', port=61415): Max retries exceeded with url: /network/peering (Caused by <class 'ConnectionRefusedError'>: [Errno 111] Connection refused)

@Folatt, I had an issue creating a new monetary system.

Not only “best currency” has no meaning for us, but we don’t plan to have any advantages in any way. This is all symmetric.

Not in a single daemon, but in a single Operating System. You can run X instances = X currencies (each can be different or not).

I’m not even there yet.
I’ve tried to create a currency and this happens when I start cutecoin:

Traceback (most recent call last):
  File "/home/gael/cutecoin/src/cutecoin/gui/mainwindow.py", line 184, in loader_finished
  File "/home/gael/cutecoin/src/cutecoin/gui/mainwindow.py", line 367, in refresh
  File "/home/gael/cutecoin/src/cutecoin/gui/mainwindow.py", line 299, in refresh_communities
  File "/home/gael/cutecoin/src/cutecoin/gui/currency_tab.py", line 84, in refresh
  File "/home/gael/cutecoin/src/cutecoin/gui/transactions_tab.py", line 38, in __init__
  File "/home/gael/cutecoin/src/cutecoin/gui/transactions_tab.py", line 42, in refresh
  File "/home/gael/cutecoin/src/cutecoin/core/community.py", line 348, in get_block
  File "/home/gael/cutecoin/src/cutecoin/core/community.py", line 397, in request
  File "/home/gael/cutecoin/src/cutecoin/core/community.py", line 89, in request
  File "/home/gael/cutecoin/src/cutecoin/core/community.py", line 421, in request
cutecoin.tools.exceptions.NoPeerAvailable: Error : No peer answered in Ucoin Florin - Alpha community (1 peers available)

This is maybe a bug. Could you register a bug on github, with the address of your node ?

Thanks :slight_smile:

Done.

https://github.com/ucoin-io/ucoin/issues/124