Well, I just want to point out:
1 - BitGem are not broken at all . (-> What are you meaning, man?)
2 - Retargeting is 10 min. same than btb. Retargetting implementation is the same as PPC and NVC. It can be some bias when miners go out, but it is a normal adjustment.
3 - BitGem is is not an "LTC clone", just like the miriad of trillons of substring-replace copy-clones and people knows it. Of course, it has not got 1,250,000 of coins premined neither collect the 50% of reward of blocks to miners ...
4 - PoS is set up according to ammount money supplied. You can see the MAX_MINT_PROOF_OF_STAKE, reduced 100%. Code is forked of 0.4.1 of balathazar. which has got a programmatic switch stake for 30 Jun.
5 - Added value of this crypto is planned when I have got a little time. I am planning a gem converter for doing conversions between gems value taking into account properties susch as Carats, Cut, Clarity etc.
6 - No exchange ... BBQ was more than a year withoout exchange. FeaherCoin and Chinacoin are now forked and in coma ... The most important thing is to do a crypto interesting and provide some different development. Obviosly neither <LTC_clone_substring_replace>Coin of the exchanges did it. Yes did PPCoin and, in minor order, Novacoin. But all this is credited, of course, great merit of ppcoin and novacoin.
I hope to have clarified the points about bitgem present and further develpoment.
1. people are getting weird rewards they cant explain, that seem a liitle high for well set PoS.
After initial version, a switch reward was done, this could explain old clients got old rewards for a couple hours but it is far from much people getting rewards ... However, this was very time ago and rewards are 0.3-0.4 since long time ago.
About PoS rewards ... It is doubtful because current constant reward PoS is indeed lower ... (check consant reward before 30 Jun).
2. retargeting is 1 block just checked the code, and it aproximates days of work using 7*24*60 10 as number of blocks, to make adjustment speed similar to 7 days average. 10 minutes is block time or Target Spacing using names from the code.
Retargeting setting are the same Novacoin, each block. No changes in it.
int64 nActualSpacing = pindexPrev->GetBlockTime() - pindexPrevPrev->GetBlockTime();
// ppcoin: target change every block
// ppcoin: retarget with exponential moving toward target spacing
CBigNum bnNew;
bnNew.SetCompact(pindexPrev->nBits);
int64 nTargetSpacing = fProofOfStake? nStakeTargetSpacing : min(nTargetSpacingWorkMax, (int64) nStakeTargetSpacing * (1 + pindexLast->nHeight - pindexPrev->nHeight));
int64 nInterval = nTargetTimespan nTargetSpacing;
bnNew *= ((nInterval - 1) * nTargetSpacing + nActualSpacing + nActualSpacing);
bnNew= ((nInterval + 1) * nTargetSpacing);
if (bnNew > bnTargetLimit)
bnNew = bnTargetLimit;
return bnNew.GetCompact();
3. yes, not LTC clone. a novacoin clone.
4 reduced 100% ? that means disabled. no its not disabled. just checked the code.
No expressed correctly here.
Because smaller amount BTGs related to PPC or NVC bulk, I set up PoS reward to 0.015 CENTs. Too low as for excesive PoS rewards as you say.
After 0.4.2.1 version I set PoW reward to 1-3 CENTS, what it be effective in Baltahzar switch skate of 30 Jun.
Original (NVC) PoS rewards are fixed 5 CENTS and progresive 1COIN, halved x64 diff.
5 plans....
Well not much excuses here. Perhaps I do it next week, at least for consoe command.
6 yup! ltc clones are all in resonance or coma, or will be, or just out of one. funniest thing is how they try to repair the thing.... instead of geting proper retarget algo they try funny things
Noone are the bitcoin creators or Balthazars in the first time, I suppose devs try save the blockchain as first goal.
Bitgem are working fine at the moment. I think PoS reward can be the discord point, but it is assumed original seetings were too much for a bulk of 20,000 -30,000 BTGs, so I resized to 0,015 and from 30 Jun, 1 -3 CENT.
