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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [MOJO] Mojocoin - 15% pure PoS | Coinfest UK | Rokos OS | IoT | Roadmap
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on: March 14, 2016, 07:32:49 PM
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What is the right minimum MOJO balance for running a masternode? I think less then 100 000 will be great. How about running a masternode with some steps. For example, first year you'll need 50 000, second - 100 000, third - 200 000 etc. Is it possible? Agree 100000 - 200000 good price for masternode. Well the voting clearly says 500,000 . So lets go with that ! Let the voting run for another few days, but it looks like 500,000 so we may go with that. We will try to work out some scenarios for how the masternode might work and how the reward system might work and get back with that. At the moment we are busy trying to get the next wallet release out before the end of the ICO. |
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643
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [MOJO] Mojocoin - 15% pure PoS | Coinfest UK | Rokos OS | IoT | Roadmap
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on: March 13, 2016, 07:56:02 AM
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I am investigating cryptos with a masternode system to consider how best to implement it in Mojocoin and I am keen on compiling a list or all ACTIVE coins w/ masternodes.
I am aware of the following active coins that have some sort of masternode system:
DASH
Total supply: 6,291,269 DASH
Needed for masternode: 1000 DASH / 0.016 % of total supply / 13.19 BTC to obtain one / max MN?
Transfercoin (TX)
Total supply: 5,352,870 TX
Needed for masternode: 10,000 TX / 0.19 % of total supply / 0.40 BTC to obtain one / max MN?
Any other ACTIVE coins running a masternode system?
following the DASH model, a MOJO masternode would need 100,000,000 * 0.016% = 16,000 MOJO
following the TX model, a MOJO masternode would need 100,000,000 * 0.19% = 190,000 MOJO
A masternode needs to be relatively prohibitive in price to obtain so ensure that the masternode owners make a worthwhile investment and has a proper incentive to keep running it.
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644
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Alternate cryptocurrencies / Altcoin Discussion / Cryptocurrencies with a masternode system
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on: March 13, 2016, 07:54:45 AM
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I am investigating cryptos with a masternode system to consider how best to implement it in our coin and I am keen on compiling a list or all ACTIVE coins w/ masternodes. I am aware of the following active coins that have some sort of masternode system
DASH
Total supply: 6,291,269 DASH
Needed for masternode: 1000 DASH / 0.016 % of total supply / 13.19 BTC to obtain one / max MN?
Transfercoin (TX)
Total supply: 5,352,870 TX
Needed for masternode: 10,000 TX / 0.19 % of total supply / 0.40 BTC to obtain one / max MN?
Any other ACTIVE coins running a masternode system?
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645
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [MOJO] Mojocoin - 15% pure PoS | Coinfest UK | Rokos OS | IoT | Roadmap
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on: March 12, 2016, 10:03:59 PM
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ROAD MAP / TECH UPDATE
(snip)
Native Stealth Addresses
We are also implementing native stealth addresses which are a modified form of a multi signature transaction, where the receiving address is obscured. When the coins are spent, there's no way to link the UTXO to the originating transaction however complete cryptographic fungibility is retained.
There will be no complicated settings, Tor will run automatically and the stealth addresses will replace the normal addresses so from a user point of view everything appears the same but your transactions will be private.
(snip)
Hey, this is an idea i just had and excuse me if it is a stupid one(not a dev), but since transactions can be theoretically traced by the amount sent as well (since this can be a very unique number), how about implementing a feature, that… 1. …allows only fixed amounts of mojocoins to be sent ( such as 10 mojo, 100 mojo, etc., like bank notes) 2. …chops a transaction into multiple transactions consisiting of aforementioned fixed amounts, sent over a longer period of time, i.e. spreading the transation over multiple blocks and maybe even sending them to multiple adresses to prevent tracing… wait, is this mixing? ok, nevermind… You are right that the amounts could be traced and there are several proposes solutions to this. You mean something like CoinJoin? I am not sure about the fixed amounts because it would be difficult to make a payment of a specific sum, in fiat money you have pennies as well, right? What we are thinking about now is Confidential Transactions ( https://leastauthority.com/blog/zerocash_and_confidential_transactions.html) where the amount and details of the transaction is only known by the two parties making the transaction but that it can be verified by the network without the network knowing the amount being sent. This is likely to come in the next version. Once we have the Tor and stealth running, hopefully by the end of next week if all goes well, we will start working on Confidential Transactions (CT). This hasn't really been implemented before and is fairly experimental so there is a balance to be found between running a stable network and extreme privacy. If the testing of CT works we will implement it and I believe that would make Mojo the most anonymous crypto in the market with CT, stealth and native Tor. We will then have achieved one goal, privacy and we can start work on the next layer. I am very new to the game and have no programmign skills, so lots of the ideas i have turn out to be old news, impossible or flawed. This may be one of them. I apologize for being so bold. What i was thinking about were single use wallets, that only allow you to fill them with a certain amount and you can only spend them at once. Think of them as bank notes. Let's say you want to pay 5500 MOJO. You create five 1000 MOJO wallets and one 500 MOJO wallet. So, instead of one transaction, you have six. These six transactions could also go to six wallets on the other end. By sending them through TOR and spreading them over several blocks, ideally being one of many transactions, it should be close to impossible to link those six transactions to a single recipient (that's what i hope, at least). Before you go on, a wallet in the context of crypto is the software you need to run a node, so you must mean addresses, right? |
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647
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [MOJO] Mojocoin - 15% pure PoS | Coinfest UK | Rokos OS | IoT | Roadmap
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on: March 12, 2016, 09:14:36 PM
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ROAD MAP / TECH UPDATE
(snip)
Native Stealth Addresses
We are also implementing native stealth addresses which are a modified form of a multi signature transaction, where the receiving address is obscured. When the coins are spent, there's no way to link the UTXO to the originating transaction however complete cryptographic fungibility is retained.
There will be no complicated settings, Tor will run automatically and the stealth addresses will replace the normal addresses so from a user point of view everything appears the same but your transactions will be private.
(snip)
Hey, this is an idea i just had and excuse me if it is a stupid one(not a dev), but since transactions can be theoretically traced by the amount sent as well (since this can be a very unique number), how about implementing a feature, that… 1. …allows only fixed amounts of mojocoins to be sent ( such as 10 mojo, 100 mojo, etc., like bank notes) 2. …chops a transaction into multiple transactions consisiting of aforementioned fixed amounts, sent over a longer period of time, i.e. spreading the transation over multiple blocks and maybe even sending them to multiple adresses to prevent tracing… wait, is this mixing? ok, nevermind… You are right that the amounts could be traced and there are several proposes solutions to this. You mean something like CoinJoin? I am not sure about the fixed amounts because it would be difficult to make a payment of a specific sum, in fiat money you have pennies as well, right? What we are thinking about now is Confidential Transactions ( https://leastauthority.com/blog/zerocash_and_confidential_transactions.html) where the amount and details of the transaction is only known by the two parties making the transaction but that it can be verified by the network without the network knowing the amount being sent. This is likely to come in the next version. Once we have the Tor and stealth running, hopefully by the end of next week if all goes well, we will start working on Confidential Transactions (CT). This hasn't really been implemented before and is fairly experimental so there is a balance to be found between running a stable network and extreme privacy. If the testing of CT works we will implement it and I believe that would make Mojo the most anonymous crypto in the market with CT, stealth and native Tor. We will then have achieved one goal, privacy and we can start work on the next layer. |
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650
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [KOBO] Kobocoin - An African peer to peer payment system
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on: March 12, 2016, 12:02:16 AM
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All twitter followers have been exported and the tweets compiled into a single text file. There's a total of 1277 followers as of 23:00 GMT, 11th March, 2016. Tweet command is @CoinWalletco tip @xxxxxxxxxxxxxxx KOBO 500 - #Kobocoin has tipped you 500 KOBO. Pick it up and start tipping today! http://goo.gl/SrAVQ7 This tweet allows for the longest twitter name to be used without going over the limit I will be tweeting to every single follower as I've confirmed that any unclaimed tips can be cancelled. I've increased the tip to 500 KOBO as I doubt the conversion rate will be 100% (I'm thinking 15% - 20% conversion rate is acceptable). Good idea to spread the word... |
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651
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [MOJO] Mojocoin - 15% pure PoS | Coinfest UK | Rokos OS | IoT | Roadmap
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on: March 11, 2016, 11:15:35 PM
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ROAD MAP / TECH UPDATE
We are providing you all with our first tech update and the features you will see in the next version of Mojocoin. We are determined to provide you with a crypto that has excellent privacy features and we have started work on the next version of the Mojocoin wallet with this in mind. We can announce:
Native Tor client in the Mojocoin codebase
We have decided to implement a native Tor client in the codebase of Mojocoin such that all the wallets will run Tor as best practise and so that when the old wallets are phased out the whole of the Mojocoin network will run natively using the built in Tor client. We felt that this would increase privacy and provide a better user experience in contrast with the Bitcoin Core 0.12.0 implementation where you need to install Tor along with the wallet software.
Native Stealth Addresses
We are also implementing native stealth addresses which are a modified form of a multi signature transaction, where the receiving address is obscured. When the coins are spent, there's no way to link the UTXO to the originating transaction however complete cryptographic fungibility is retained.
There will be no complicated settings, Tor will run automatically and the stealth addresses will replace the normal addresses so from a user point of view everything appears the same but your transactions will be private.
libsecp256k1
ECDSA signatures inside transactions will now use libsecp256k1 instead of OpenSSL for validation. This means faster transaction validation and block indexing.
...and a slight redesign of the wallet....
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653
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [MOJO] Mojocoin - 15% pure PoS | Coinfest UK | Rokos OS | IoT | Roadmap
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on: March 10, 2016, 11:00:47 PM
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1:1 swap for old mojo? but everyone got old mojo for free. Why do people have to pay btc to get mojo now?
The new Mojocoin has been released as an ICO due to costs and also to ensure future development and to ensure a fraud free distribution and distribution beyond just Bitcointalk members. This is explained in the OP. We decided to "swap" the 2mill or so MOJOs distributed last year 1:1 to acknowledge the initial support. We had to move away from the Nxt chain to be able to create a coin as we wanted to create it. We are now in a position to develop this coin into something lasting and good. The ICO price is very low at 42 sats now and my guess is that the price on listing will be higher. We would not be able to do what we want without some funds. I think it's fair when you will see what we will do with this project. |
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655
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [MOJO] Mojocoin - 15% pure PoS | Coinfest UK | Rokos OS | IoT | Roadmap
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on: March 10, 2016, 09:54:37 PM
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I have received a lot of questions about staking of the Mojocoin wallet and I have made a quick overview over the main factors affecting staking. I will try to slowly establish a Wiki as I realise that there may be many newcomers who are interested in Mojocoin and who have little experience of cryptos.  The stake system is based on coin age so that the higher your coin age for an address the more likely you are to ‘sign’ a block and get a stake reward. The minimum time you need to hold the coins ‘still’ in the address is 24 hours and the maximum is 30 days. After 30 days you reach the highest probability of ‘signing’ a block and the probability doesn’t decrease until you have ‘signed’ a block. Coin age is simply defined as the amount of currency times the holding period. The coins that are eligible to stake needs to be ‘still’ in the address, i.e. not been in a transaction. If the coins are involved in a transaction the coin age is reset to zero. At the moment the network is not in an ideal state as my wallet holds all the ICO coins and only a small fraction has been distributed. Nevertheless, if you have a look around the block explorer you will see that blocks are minted by proof-of-stake. After the final distribution the network will stabilise and block times will be stable. In the illustration above the following terms indicate your chance of getting a stake reward. (1) netstakeweight : 8698.58257276 This is an estimation of the total active stakeholders weight (in coin*day units) and gives an indication as to how many ‘mature’ coins there are in the network competing to sign the next block and get a stake reward. (2) "stakeweight" : {
"minimum": 2319986897,
"maximum": 0,
"combined": 2319986897} These numbers indicate your stake weight, i.e your coin age It's hard to predict when you get a stake as it is a bit like a lottery but the higher your stake weight the greater your chances. If you want to understand more about proof-of-stake please read the Peercoin white paper as this is one of the first implementations of proof-of-stake and Mojocoin works in a similar way: https://peercoin.net/assets/paper/peercoin-paper.pdf |
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658
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [MOJO] Mojocoin - 15% pure PoS | Coinfest UK | Rokos OS | IoT | Roadmap
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on: March 09, 2016, 06:37:08 PM
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I have create a full node on VPS !! coinwallet is full node but If all deposited them not increases the number of active nodes!
Have you checked the block explorer? There are 56 nodes showing right now: addnode=104.255.33.102 addnode=109.101.225.75 addnode=109.235.65.160 addnode=125.16.73.46 addnode=144.76.80.131 addnode=176.214.231.188 addnode=176.37.23.74 addnode=176.50.223.17 addnode=178.32.53.53 addnode=178.33.203.157 addnode=178.7.9.238 addnode=185.65.135.227 addnode=188.115.9.102 addnode=191.237.170.168 addnode=193.192.37.135 addnode=197.231.221.211 addnode=2.103.5.181 addnode=202.80.215.47 addnode=217.12.204.104 addnode=217.38.130.94 addnode=23.227.190.207 addnode=24.231.65.219 addnode=31.163.106.97 addnode=5.9.67.48 addnode=52.91.196.106 addnode=61.2.78.185 addnode=61.216.121.26 addnode=62.158.84.149 addnode=65.19.167.130 addnode=77.106.70.104 addnode=77.247.181.163 addnode=77.59.146.207 addnode=78.63.207.76 addnode=79.117.81.141 addnode=79.157.253.127 addnode=79.251.128.175 addnode=79.251.130.236 addnode=80.109.180.249 addnode=81.33.96.75 addnode=85.26.186.104 addnode=85.95.178.5 addnode=85.95.179.162 addnode=86.187.170.59 addnode=86.5.28.9 addnode=88.86.78.46 addnode=90.190.173.193 addnode=91.158.231.123 addnode=91.202.134.96 addnode=91.50.178.43 addnode=92.124.120.249 addnode=92.223.185.250 addnode=93.115.95.206 addnode=94.52.19.22 addnode=95.133.40.160 addnode=95.181.73.23 addnode=97.97.227.235 |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [MOJO] Mojocoin - 15% pure PoS | Coinfest UK | Rokos OS | IoT | Roadmap
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on: March 09, 2016, 12:49:32 PM
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I don't think there is anything the matter with the staking, it's just that the block times are a bit funny until more coins are spread out. I also think that you may have to wait a bit if you only have 5000 MOJO. It will level out and get regular. Agree with that, actually if someone with few coins wants to stake in my opinion the best option is coinwallet.co they are staking very often, and when you get enoug coins the you can jump to do or solo staking, the other option is simply to wait. I agree, I think Coinwallet.co is a good option, I sent a few MOJOs there and it's staking fine... |
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