Just an update. Instead of editing this one to match the new branding New ANN will be made for Zerozed instead. We should hopefully have some good stuff to show over the weekend. https://t.me/zerozed_x0z |
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Rebranding is commencing.
The Zero Zed Ecosystem & Algorithm |
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Just a reminder.. Trying to hire Peter Bushnell (already agreed, thanks Pete!) to update to litecoins latest codebase. Need to sell a small portion of the community funds in order to add the likes of segwit, atomic swaps, and all whilst fixing a few things. This will get us on other exchanges and really kickstart the project. Essentially looking for early investors you can say because I refused to go down the ICO route... https://meanxtrade.com/trade/btc/x0z |
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Just an update. Everything is adjusting accordingly. Reward is up to ~6.7 @ Block 38780.
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Month 1 complete. Diff, supply and reward on track.
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and it died  lol... Granted the network hashrate spiked at 20GH/s and has now since cooled allll the way down to 1.6GH/s, I would call this far from dead. Considering the block reward is barely even getting wound up yet... A heart beat is all this project needs to scale in stealth.. Check the network stats for your self. Or maybe even drop into the discord to meet the team? http://18.217.129.225:3001/ |
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I don't see your FB page in the announcement. Can you update it?
The project doesn't have a Facebook page currently. Anyone is welcome to set one up though. |
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Not sure how long ill be before im happy with it but this is the start of my thoughts.
Abstract. A purely peer-to-peer version of electronic cash with on-chain scaling now exists with Bitcoin Cash. The issue at hand is the emergence of the ever increasing competing alternatives and the additional volatility this brings to the market as a whole. Due to the nature of societies adoption rate of new technologies and the standard block reward halving mechanism employed in 99% of Proof of Work networks, there exists the need for a stable and liquid cryptocurrency as a major fiat entry point into all pairs. Tether is one solution currently in operation. This paper proposes a truly decentralized alternative outside the control of any central authority.
1) Introduction
It appears to have become consensus that coins and tokens must either follow the halving standard set by Satoshi or are to be completely produced up front like the common ICO. The Crypto Community as a whole has come to rely almost exclusively on centralised exchanges serving as trusted third parties for fiat entry into the broader crypto market. While the system has allowed for mass adoption, it can not avoid the inherent flaw built into the incentive model of all major cryptocurrencies. Tether is one potential solution but inadvertently is still at the mercy of the production rate of the coins and token holders it serves to help.
What is needed is an alternative to Tether built on it's own Proof-of-work backbone in order to also break away from the ties to the US Dollars inflation rate. Using the Diffusion of Innovations to model an inflation rate, along with an industry supported mining algorithm Scrypt a tried and true alternate to sha256, assisted with the growing support for the Atomic Swap network, a potential now exists to solve a long time debated issue surrounding volatility. Crypt0z is at it's core, an experiment. Questions surrounding the valuation of empty blockspace, 100% fee based network operation and adoption rate mechanisms will weigh heavily on the Cryptocurrency Industry in the coming years. The information gathered over the 60 month production rate serves as a proof of concept which will assist in advising not just present and future cryptocurrencies but investors, governments and institutions alike.
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I think it's time i did a white paper.... Abstract. A purely peer-to-peer version of electronic cash with on-chain scaling now exists with Bitcoin Cash. The issue at hand is the emergence of the ever increasing competing alternatives and the additional volatility this brings to the market as a whole. Due to the nature of societies adoption rate of new technologies and the standard block reward halving mechanism employed in 99% of PoS and PoW networks, there exists the need for a stable and liquid cryptocurrency as a major fiat entry point into all pairs. Tether is one solution currently in operation. This paper proposes a truly decentralized alternative outside the control of any central authority.... |
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Ok so minor change in plans. This project needs atomic swaps. It's something I knew would be over my head and was road mapped from square one.
Forking from the ltc 0.8 codebase was my only option at the time due to having to diy but it has now become abundantly clear that I need to a complete overhaul of said codebase.
The 1BTC I'm trying to raise for CryptoBridge is no longer valid and instead this will be used to hire someone who knows what they are doing to completely bring x0z up to scratch.
It will cost less than 1btc and from there, we are automatically able to jump on Komodo's Barterdex. Atomic Swaps.
2 Birds one stone. Stay tuned. I haven't even gotten started yet.
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Doin' the daily bump.
So as expect, no ones touch the fund raiser on MeanXTrade xD It's ok this is all expected. Due to the lack of get rich quick this project has to offer, it's very very expected that ive been drowned out by a sea of shitcoins, ICO's and Airdrops.
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I'm very surprised at the lack of hype behind this project.  The more for us when the sale is done Give it 12 hours for the word to get out a little more, see if we can bring in some more discord members and I'll get the community coins on our only exchange. I'll announce here and in discord first when I'm about to put them up. Will be listing ~100,000 @ ~0.00001000 If I can get some retweets on this - https://twitter.com/crypt0z_x0z/status/999321552813408256 I would just love you all forever :/ |
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Applied for CryptoBridge. Will be raising the 1BTC required from selling ~100k of the premine @1Ksat once I'v heard back from them.
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Cross posting from the discord so i was thinking
Ive got a 1M premine for the community
the other 1M has been split between 4 sources(edited)
the 2 first pools to help them grow and expand for the community as the coins volume and price gains traction
hiyatus for the doi algo. this project was impossible without him. he's gonna hodl like crazy to help stability
the other 250 k is with meanxtrade
this is so we can help him grow and rapidly scale to handle x0z as a truysted partner well into the future
so the question remains is this. a chiken or the egg situation
we need 100k volume a day in comparable usd. to get listed on coinmarketcap(edited)
now id be an idiot to dump the community funds at 1 sat to kick start things
i have to wait for other exchanges and a stable volume so we dont stagnate progress
this means what i need to do, is get just say 10 to 20k sold at any price. hopefully, that can be traded back and forwards enough to get us the 100k volume without blowing bugger all of the premine
i suggest this because i know no one here mining will sell at a loss. not on a project that can't yet promise returns. we need to establish ourselves first
so yeah. the plan is. we move slow |
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damn. can u switch the algo to something non-asic? Scrypt is so last year....  That would be great. if anyone wants to fork my code and create a different algo flavour, that would be really cool! I need to test this with scrypt because i beleive i really need the power efficiency of tried and tested asic algo's that are PUBLICLY accessible... I'm not an idiot. The amount of secret asics out there is crazy. Nothing is asic proof.... |
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How this will help a lot of people? I don't find the project interesting because of its use case. Unless, admin will prove to me that this is worth investing and joining for.
I'll be perfectly honest. It's an experiment. I don't know if it's worth investing. I've already lost 5 years and 60btc trying to test out this DOI curve. So as far as "investing" goes.. Maybe this isn't the project for you.. I can't promise anything other than seeing this experiment through to the end.. 60 months. I spent that much working to this point alone. Now its launched. I have a further 60 months to find people willing to invest their intelligence and skills, not money. I really don't want people thinking this is supposed to make you rich. It's an experiment in economics. |
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