http://nautil.us/issue/57/communities/why-new-york-city-needs-its-own-cryptocurrency

Hi,

I opened this thread because I'd like to discuss the above article. I find the idea truly inspirational and would love to see this happening as a social experiment.
Taking money creation away from banks and redirecting the "economics for interest" towards improving a city (e.g. infrastructure) could create a "self-reinforcing prosperity loop" (quote).

What do you guys think and how could this become a reality?

That's probably what we should prepare for, especially because it's part of our core strategy anyways. After all, XCN's main feature is scalability, which is a way of avoiding *** from hitting the fans

hmmmm, yeah could be true.
The classic bisq problem: how to get enough base currency for all those deposits and fees.

I think they should add a "no deposits" feature where people can trade without deposits on their own risk. If stuff goes wrong they can still give the other trader a bad reputation (reputation system would be great, too).

hmm, anyone care to donate some ltc so I can set up some XCN-LTC trade offers on bisq?

LVfqjCcAiANYaZmgXb7NRKpfRAVTjeFZGS

Or I'd buy 0.1 LTC @ 0.0001 LTC / XCN so I can get some liquidity in LTC

Great, let's go.

WTB doge for xcn

you have to add it to the list of visible trading pairs in your settings (bottom right):
https://imgur.com/a/NUJmm

It might not be on the homepage because there aren't any trades happening yet.
I don't have any of the other base currencies, therefore won't be taking part in trading there but whoever has any of doge, ltc or dash should be sweet.

yes! bisq! -> https://bisq.network/

bisq supports e.g. LTC as base currency. Then we all can trade LTC <-> xcn on there as we like.
Or, of course, BTC but as bisq is a decentralized exchange, every trade is an actual transaction between wallets and therefore costs tx fees.
I recommend not using BTC therefore, as their fees are just too high.

I think bisq currently supports BTC, LTC, Dash.
I don't like Dash on there as they are our direct competition (technologically inferiour though).

We should all just move there and create some volume on that exchange. That could give us a handle to upgrade XCN as a base currency in there in the future.
I think XCN would be perfectly suited as a base currency in bisq because of our scalability. If bisq users could be convinced to use XCN as base, then we'd suddenly have a real use case next to speculation.

fyi: The concept of a base currency on bisq means that one can trade FIAT <-> base curreny on there.
The normal trading goes FIAT <-> base <-> ALT or ALT1 <-> base <-> ALT2

If you want to say so, yes.
In short: integer overflow allowed turning transaction fees into transaction gains which some guy made extensive use of. But it's all long fixed now.

That's correct, pallas has confirmed this from the source code.
I'm planning to do some tx spamming in main or test net to see how it scales up. I think all that needs is a bash script and a linux wallet plus a hand full of xcn.

The information is all buried in the original homepage. Especially the wiki is very insightful.
I can also recommend the paper. It's all in there and easy to understand.

There are some interviews and videos around from the early days. They can help to get an overview, too.

https://www.digicent.org/wp-content/uploads/2017/11/Cryptonite-The-First-MiniBlockchain.pdf

https://www.digicent.org/wp-content/uploads/2017/11/Interview-With-The-Founder-of-Cryptonite.pdf

https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/172241105&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true&visual=true

https://www.youtube.com/watch?v=Eb0sAmQD0Dk (made by the original inventor of Cryptonite, bitfreak himself)

In short: Cryptonite is the only truly scalable crypto currency out there.

Reasons:
1. Fixed size blockchain -> does NOT grow forever, can be capped at any size you like.
2. Secure 0-confirmation transactions thanks to withdrawal limits -> INSTANT transactions possible.
3. Auto-adjusting block size -> Theoretically unlimited transactions/s.

NO other coin out there claims to have this combination of features and stays true to the decentralized & open source philosophy of the original Bitcoin. If we take e.g. DASH. They do instant transactions but haven't solved the growing blockchain problem AND need to manage special "trusted" nodes to achieve this.

Please correct me if there is a coin that does it better - I haven't heard of it yet.

The only thing Crpytonite hasn't implemented yet is perfect privacy like e.g. Monero. But we have ideas for how to achieve that, too.

That's why I believe in it. If there's one coin that has the potential to become a real-world payment system, it's Cryptonite.
Granted, other coins are far ahead of us with respect to publicity & marketing but I believe that no matter the situation, in the long run the product with the most solid foundation will end up as the winner. No matter how good the marketing, if the technology is flawed, it will bring a project down sooner or later. Best example is Bitcoin itself. Set off as a replacement for world-wide currency, it is severely struggling to fulfill that role, despite its unbelieveable publicity and resources.

Wow, nice. Thanks for this detailled guide!
Do you think it would also be possible to compile for OSX with this?

Nope, I just waited and this morning the coins were there. So yes, they must have a working wallet there

To my big surprise: I just successfully withdrew my full XCN balance from aex. (Really should have tested with a small amount first, but realized too late)
They seem to process is manually, it took a couple hours to get through.

wow, I wonder where all your hate is coming from... I'm following this project for over 2 years now and everyone here always worked hard to improve the coin and help everyone out as much as possible.
Please show some respect to the work that some people have put into this. Calling XCN a PD scam coin doesn't do it justice. If that's what you honestly think about it, well why don't you leave then? As there's nothing to gain here for you?

hey,

you can trade them either on bisq or on aex (see page #1).

nice!
btw, is there anyone who knows how to open the project in eclipse?
I'd like to get my hands dirty as well but really only know eclipse - preferrably in windows. Is anyone developing in that environment? (I know you're not, pallas^^)

Hey, depending on the miner you need different parameters to start it.
I usually build a custom .bat to start them. Have a read around which parameters you need.

Absolutely agree

wtf, I had no idea that's a thing now ...