The backupwallet RPC does not work on the daemon on my Linux box. Yeah I think that issue was reported once before. We'll try to have it fixed in the next release. Also, is there an RPC for finding the current total XCN out there? In some coins you can find it as "moneysupply" in getinfo. I think the best way is to use listbalances to get the balance of the coinbase address (CGTta3M4t3yXu8uRgkKvaWd2d8DQvDPnpL) and then subtract the balance of the coinbase address from the total possible coin supply (2^64/10000000000) to calculate how many coins have already been mined (aka how many coins have been taken from the coinbase account).
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Selling AMD GPU miner 2 BTC ...
260X gives around 2.2 M/hash
don't hate on me amph
I can buy 317,460.317 XCN at current price (630 satoshi) with 2 BTC. Tell me why I should buy the AMD miner . Lol with that hash speed I doubt anyone will be buying it.
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I'm not exactly sure what you mean. Everything we have created so far is open source: https://github.com/MiniblockchainProject/Anyone with enough skill can create an AMD miner, it's just a hard thing to do and no one wants to do it.
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Catia is apparently the lead developer, would be nice if he could reach out a bit more to the community and give us a status report. Perhaps there are even people who are willing to help out with development.
Yes. Perhaps a weekly newsletter like Monero does. That really keeps the interrest up. And a clear roadmap so everyone can see where it's going. Exactly, this project needs to be kept open to the public. It's clearly the lack of enthusiasm that is the problem here, if this coin is going to outlast future setbacks it will need a supportive community. I already mentioned a few pages back I'm working on an open source web wallet and a simple block explorer. Next job for Catia is to optimize slice sharing by storing a 2nd copy of the account tree in memory which is synchronized to 10k blocks in the past. That way the slices will already be ready to serve when they are needed and they wont have to be generated on the fly, which is quite an expensive operation. The next release of Cryptonite will also include another optional message argument at the end of the createrawtransaction command.
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I will try to create a basic open source block explorer when I have time. Right now I am working on a web wallet.
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Top ranks meaning what? There are several hundred alts, and if the more obscure ones are included it might be over a thousand. On a price-parity basis (adjusting for eventual supply) this coin has a market cap of about $8 million which is quite respectable. Probably top 20 or so. Yes the top 20 is exactly what I meant when I said top ranks. But if the price remains what it is now, the market cap will still be less than 5 million after 10 years, which is not very respectable at all imo, so I think there's a lot of room for this coin to grow in value.
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This coin needs other features to go with the mini blockchain You mean like unmalleable transactions, withdrawal limits, secure 0-conf transactions, dynamic max block size, native support for multi-signature transactions, superior micro-transaction support, etc? I know it has those also, but the ordinary bitcoin user doesn't know enough to care enough. I mean features that would propel the coin to getting accepted as a leading altcoin among cryptographic teckies and average-joe bitcoin users alike. Features such as anonymous transactions? What's the point when it has already been done a thousand times? We are offering truly new and novel features here, and if the features we already have aren't enough to propel this coin into the top ranks then there's something truly wrong with the altcoin community.
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This coin needs other features to go with the mini blockchain You mean like unmalleable transactions, withdrawal limits, secure 0-conf transactions, dynamic max block size, native support for multi-signature transactions, superior micro-transaction support, etc?
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Ok awesome! But I would prefer if you could focus your energy on the technical part, we need to get this out of the picture: That warning will be around for a while, I wont feel safe removing it for at least a few more months. The only thing that will increase confidence in the security of Cryptonite is time. Edit: or a very thorough review of the source code.
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- Make it simpler to install the software, myself and others like when you just have to click install->next->complete
- A graphical video explanation of the technology
- A community website.
- Create a competition for a new logo.(gets people involved)
- Web-wallet
- Etc.
1) It's only difficult to run if you want to compile it yourself. If you use the pre-compiled binaries the installation process is that simple. 2) Good idea. I did make a video about the mini-blockchain scheme some time ago, but I removed it because it was outdated. I will try to make another video soon. 3) A community forum will be available at the official website soon. But for now it's easier to keep discussion in this thread. 4) A bounty was already paid to develop the logo, we don't need a new logo and changing the name of the coin now is completely out of the question, it would be a terrible move. 5) I'm working on it.
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1 year is a long time on crypto.
10 years to 1st halve is as good as forever. There are no halving points, the block reward gets lower every single block. It's already about 1.5 XCN lower than what it started as. After 10 years it will be half of what it started as.
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So u mean u run out of cash for future development ? I still have a reserve of BTC for future development, but not promotion. People need to remember that Cryptonite is an open source project, not a business or corporation (as many altcoins try to be), and eventually I wont be able to continue spending my own money on development. We already have all the features we intended to include in Cryptonite anyway, the only real development left to do is optimization. The problem is u need constant new development for PoW that run forever. Cryptonite does not have infinite inflation.
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1. Set bounties for miners for all card types and operating systems. See: Cryptonite bounty thread - ideas and donations for important projects2. Start a promotion campaign asap. I have already spent more than 20 BTC out of my own pocket on the development of Cryptonite, I am deeply in the negative right now, and when I have a thread full of trolls saying that I'm a scammer and I must have "made tons of BTC from this", it doesn't give me much incentive to spend even more of my own money on promotion. I will see what I can do however, because you're right, we could use some promotion right now. I would appreciate donations to the mini-blockchain project address to help fund promotion: CcFE7EWRuBVe4FrJoVJyEeW5GvZZ4spNqN
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XCN's safe zero-confirmation transactions seem ideal for online poker. How so? Quick deposits or something? What I really think Cryptonite may be good for is those dice games which generate a lot of micro-transactions, since we can handle such dust much better than a typical blockchain. I'm guessing he's saying you could run the whole game on the blockchain. With no limit on transactions and/or problems with bloat I'd guess you can decentralize the whole thing. But with a fee for every bet that might end up expensive? But probably much less so than regular rake. Well the withdrawal limits need to be set up properly for secure 0-conf transactions to work, and like you said the fees may make it too expensive. A central poker server would still be faster and less expensive.
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XCN's safe zero-confirmation transactions seem ideal for online poker. How so? Quick deposits or something? What I really think Cryptonite may be good for is those dice games which generate a lot of micro-transactions, since we can handle such dust much better than a typical blockchain.
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3) Hope of future usefulness. This might be counted as speculation, or at least hedging against BTC. This might be where XCN fits in. I have no idea if the blockchain will be such a problem that it hinders BTC eventually. I don't think it's a real problem right now. Cryptonite could be useful right now if we had merchants because secure 0-conf transactions are possible when using withdrawal limits correctly, and instant secure transactions are something cryptocurrency desperately needs. The large BTC blockchain will never destroy Bitcoin, but it is already a hindrance to many people, for example I wont run a full Bitcoin node because I don't want to waste the disk space or bandwidth required to download the full chain. But with Cryptonite the network doesn't need to become increasingly centralized only by nodes capable of handling the full blockchain. A few years from now when the Bitcoin blockchain is over 100GB in size, the Cryptonite synchronization time will still be extremely fast and it will be very easy to become a full node and start mining, without wasting a huge amount of disk space of bandwidth. The level of scalability Cryptonite offers is far superior to any other altcoin out there.
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bitfreak, are you f'ing your self? come back to reality. WHO THE WILL BUY THIS COIN? huh who? Lol I thought that same thing about dogecoin, and that didn't have any innovation at all.
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So did something happen? Please don't say fud and trolls as there's always a "real" reason. I'm guessing it's due to a combination of factors. I don't think we have any merchants accepting XCN yet, so features such as withdrawal limits and unmalleable transactions are pretty useless right now. We also haven't done much promotion or marketing yet, so we probably don't have a great deal of buy support right now. And on top of that the price of BTC is starting to drop again, causing the price of most altcoins to drop with it. I'm a very patient person though, and temporary price fluctuations mean very little to me. Given enough time XCN will easily get into the top 20 largest market caps once people realize how significant the underlying innovations are.
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How much hashing power would be required for the secret chain attack? Would it be 51% of the network hashing power for 10000 blocks? Yes pretty much, but it's unlikely 10k blocks would be enough in a real attack.
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Re with the last 10k could you take a ball park guess 4 MB ~ 40 Mb ? Some where between 5 and 20 MB I'm guessing.
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