Ah wow, I see it now.

Hopefully those miners can profit from mining, since suddenly they created so much competition!

Well dogecoin's hashrate currently is huge, as big as litecoin:

https://bitinfocharts.com/comparison/hashrate-ltc-doge.html

no wonder it could go to the 1USD moon!

Hi guys!

I've just noticed an incredible rise in Dash' hashrate:

https://bitinfocharts.com/comparison/hashrate-eth-dash.html

Just for a rough comparison, it recently surpassed Eth' hashrate even though apparently it's much less profitable, because the daily reward is 13% (eth's daily reward is 4.5M, dash is 0.6M).

Is there a reason for such a huge difference?

Thanks

Hi all,

The IGNIS distribution model looks like a scam against investors and the NXT subreddit looks like to be full of pumper and dumpers, and haters in general. The whole situation is very sad.

Long story short, NXT developers knew in advance both IGNIS and ARDOR distributions models, which are based on NXT holdings in a period of developers choice, and could have exploited heavily this knowledge by buying NXT before the public could even know about any IGNIS distribution detail (developer's discussions are not public), and then profiting on the pump which came after the announcement. The NXT price chart indeed reflects the most typical pump-and-dump scheme, where after the ARDOR and IGNIS announcements have been made, a 10X increase happens, for then fading out quickly, with dumpers dumping on investors. Moreover, there are not third parties checking NXT developers statements, and it is not clear if the release of IGNIS (or ARDOR for the matter) was necessary. They are justified for "introducing new features", but for the majority of cryptos new features are introduced with soft forks, rather than duplicating coins (chart: https://poloniex.com/exchange#btc_nxt).

I am trying to make my concerns heard on the NXT subreddit (https://www.reddit.com/r/NXT/comments/6hazwj/serious_concern_about_devs_credibility/ and https://www.reddit.com/r/NXT/comments/6gzedp/scamshots/) but I keep getting accused of spreading FUD and they keep reassuring me that developers did not do anything bad. I do not have evidence of any wrongdoing, but the crypto space is full of scammers and being skeptical is very healthy. Moreover, the subreddit is full of "buy buy buy" people.

The whole situation should be clarified for creating a safer crypto environment.

I need help.

I'm happy if I can be useful. I would stay away from NXT as it is seriously pumping right now and does not seem to have a good risk to
 reward ratio. Investing in cryptos in general is not easy and sometimes it makes you feel wanting centralized regulation... may I ask you to upvote my reddit posts if possible? I keep being scolded there as if I were an evil man.

Hi all,

The IGNIS distribution model looks like a scam against investors and the NXT subreddit looks like to be full of pumper and dumpers, and haters in general. The whole situation is very sad.

Long story short, NXT developers knew in advance both IGNIS and ARDOR distributions models, which are based on NXT holdings in a period of developers choice, and could have exploited heavily this knowledge by buying NXT before the public could even know about any IGNIS distribution detail (developer's discussions are not public), and then profiting on the pump which came after the announcement. The NXT price chart indeed reflects the most typical pump-and-dump scheme, where after the ARDOR and IGNIS announcements have been made, a 10X increase happens, for then fading out quickly, with dumpers dumping on investors. Moreover, there are not third parties checking NXT developers statements, and it is not clear if the release of IGNIS (or ARDOR for the matter) was necessary. They are justified for "introducing new features", but for the majority of cryptos new features are introduced with soft forks, rather than duplicating coins (chart: https://poloniex.com/exchange#btc_nxt).

I am trying to make my concerns heard on the NXT subreddit (https://www.reddit.com/r/NXT/comments/6hazwj/serious_concern_about_devs_credibility/ and https://www.reddit.com/r/NXT/comments/6gzedp/scamshots/) but I keep getting accused of spreading FUD and they keep reassuring me that developers did not do anything bad. I do not have evidence of any wrongdoing, but the crypto space is full of scammers and being skeptical is very healthy. Moreover, the subreddit is full of "buy buy buy" people.

The whole situation should be clarified for creating a safer crypto environment.

I need help.

Are you admitting that developers are exploiting their positions for doing insider trading?

Guys there's absolutely no technical reason for duplicating your coins and developers are profiting much from these ardr and ignis "snapshots"... they know in advance when they'll do them and buy/sell in advance nxt.

These concepts of "child chain" and "parent chain" they are selling do not exist for other cryptos, where they usually just fix the production code of a coin.

Don't fall for the rug peddler's trap.

How do I stake Truck?

How do I stake this coin?

Thanks, that's a cool analysis.


I took it and started reading it.

So indeed it seems that nothing was really happening apart from a bunch of people testing Bitcoins. I can believe it, even though somehow it doesn't fit the apparent productivity of Nakamoto.

Hi!

I need some help as I'm trying to understand what was happening to Bitcoins at the very beginning, namely in the period 2009-01-25 (when v.0.1.3 was released) until 2009-11-22, when the Bitcoin forum started.

From the Bitcoin blocks (<30000) the difficulty was still unchanged, so it seems that very few people were mining Bitcoins with their CPUs, probably less than 5 people?

But what I'd like to know is what was happening to Nakamoto and the code, wasn't there some email correspondence with developers? Like Martti Malmi and others? Ten months is so much, but still it seems there is no information about that period.

Any reference/link would be deeply appreciated.

Nicola

This. I don't think many players use it like that, but just-dice is surely one of the best lottery around.

Agree on the change. Right now it looks like a small fair lottery, not just a dice. And since the last whale was crushing so hard the market, a winner of 400K would crash it too.

Somehow this gives evidence to the horrible truth that prospective diggers are harmful to CLAMs (of course unwillingly):

- When CLAMs are not worth much they just don't bother or participate at the coin's success.
- When CLAMs are worth something they step in and flood the market, leading to price lowering and uncertainty.

EDIT: Basically if they control a big wallet they have been given a powerful tool for market manipulation, they sort of know the 'real' amount of available CLAMs (which is the actual number plus what they can dig) and they have an insider information which they can use only at their advantage. In this perspective I'd like to review if it's really "right" to allow them to do so. What if you create a coin and you unwillingly give a detrimental (for you) advantage to a stranger not interested in the coin? Is it wrong to remove that advantage? To put it in a catchy sentence, Clams have given to unknown people the 'right' to damage them. They are masochistic .

Any solution which doesn't allow anyone to do insider trading is "fair". In this case we trust that dooglus didn't do it, supposedly the only one knowing about the screenshot. But looking at Poloniex volume nothing strange seems happened.

A snapshot in the future could be maybe "fairer", but it will lead to quite a price turmoil, with a possible bubble where many people will end up making poor trading decisions and losing money. This is already quite bad when nobody wants it, but looking actively for it seems like pushing the gas toward a wall.

I agree that removing the digging opportunity without asking to the prospective diggers (which is by definition impossible) is unfair, especially if this decision is taken from who already owns clams. I am not against changing rules on the run, but this one is special and surely this problem was not foreseen by developers at the beginning.

On the other side forking projects is a quick and practical way for solving endless discussions, and for what is worth I agree with it. In theory it is a 'safe' choice if services using clams (mainly JD) will run both coins in parallel. It's a bit a win for the investing side of a coin, rather than other wonderful features, but unluckily it turns out it's quite relevant for a coin's usage.

I am trying to withdraw to an address ( 35YWpZi1X5ie7DvHRRkYVrvFFfs4xe9vep ) which I know is valid but it gives "Invalid Receiving Address.". Any ideas?

Dooglus thanks again for the reply, I will cut a lot mine in order to be brief. The presence of a big and slow digger seems to give headaches to a lot of CLAM holders.

What about capping/limiting the amount of CLAMs which can be digged daily (example: no more than 200 CLAMS per day)? The available limits can be given randomly to diggers who wants them. In this way we are still 'fair' towards prospective diggers and at the same time we give a 'time advantage' to current holders which are, of course, more important than future unknown ones.

Thanks for the reply, since these posts are getting gigantic, I'll try to cut a bit my replies too.


The speculation "A whale is dumping down the price" which I saw in many posts and yours too, seems purely dictated by fear and not by rational thinking. If a whale is really 'forcing' the price, then no problem, in few time the price will recover.


Please convince me this is not fearmongering, in that case I doubt the 'right' decisions will be taken.


More demand? Surely you can stop supply, but this doesn't mean you'll have more demand, and so you don't necessarily have an increase in price. But I can think of a way for having more demand: a low price so that people can 'buy and play on JD'


I like the inflation of CLAMs, I am just saying that currently is "too much".