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First Proof of Participation Distribution Done! Well that worked. Mostly.

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adam

Today we sent out 1.7 million LTBC split between 419 registered, active users based on their contribution. This was our largest single send and led to the second day in a row where we shattered the prior activity on the Counterparty protocol.

Speaking of shattering, one thing we discovered in this larger scale send is that the bitcoin network can become sorta overwhelmed, and even though we're paying transaction fees on everything the simple volume of a mass send like this can cause things to bog down.

This phenomenon led to our auto-send system not detecting that a few sends had successfully gone through, and thus sending them again. About forty people of the 419 recieved double the intended amount (BONUS!).

Unfortunately this meant that there wasn't enough LTBCOIN left when we got to the end of the process, so 51 people recieved very anticlimatic "0" quantities of LTBCOIN sent to them (paying transaction fees of course!)

This was very confusing, but @cryptonaut and some of the counterparty devs figured it out, and we've corrected the issue with our send system.

If you were one of the unlucky ones getting the 0s, fear not! Creating content all year for LTB left me with a pretty good chunk of LTBCOIN and I've covered it.

If you like what we're doing, consider using your LTBCOIN to sponsor the show.

So enjoy, be generous and try not to take things too seriously.

Not yet anyways :)

4 likes
  • adam

    Note: @Cryptonaut mentioned if you were a 0-amount recipient you'll probably get it tomorrow. Hang tight.

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  • Mike

    Out of curiosity -- when was the deadline for this week's POP calculations?

    For instance, I was active this morning (the 5th). Should this activity have counted for this distribution or next week's?

    Forgive me if this has been answered somewhere, I was looking around and didn't find a definitive answer for this specific distribution. The closest answer that I saw anywhere was that calculations happened midnight on Sundays, which clearly wasn't the case here.

    Thanks in advance!

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  • adam

    Friday to Friday, midnight pacific time

    and we'll be showing stats very soon so the whole system is more transparent.

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  • TNT3

    Just an idea - if you can show the stats for this week also, so the people that received double can figure that fact out. And without forcing them, let them know that fact. Maybe some/most of them will donate the extra back.

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  • Cryptonaut

    @tnt3 Just an idea - if you can show the stats for this week also, so the people that received double can figure that fact out. And without forcing them, let them know that fact. Maybe some/most of them will donate the extra back.

    some public stats are coming.

    working on getting those last missing payments out!

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  • pinheadmz

    Re: proof of participation, have you considered implementing "proof of sharing" credits? For example each user gets a unique link for each piece of content to share on Facebook, etc. You could reward community members for drawing new attention to an article or show...?

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  • angrycanuck

    Amazing what you have accomplished. Bound to be some hiccups :)

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  • Cryptonaut

    @pinheadmz Re: proof of participation, have you considered implementing "proof of sharing" credits? For example each user gets a unique link for each piece of content to share on Facebook, etc. You could reward community members for drawing new attention to an article or show...?

    yes something like this is on the list.

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  • Cryptonaut

    @adam got the distribution to complete finally. looks like the notifications didnt quite work again though, argh :p

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  • TNT3

    @cryptonaut @adam got the distribution to complete finally. looks like the notifications didnt quite work again though, argh :p

    I do not think I got any LTBcoins again. Last time I was included for 0 LTBcoins, this time I do not see my address at all.

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