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adolf512
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January 08, 2017, 12:03:55 PM
Last edit: January 08, 2017, 01:29:22 PM by adolf512 |
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In fact merged mining made XDN blockchain 10x times more secure than it was before. The recent XDN price drop is caused by Polo delisting and panic sales there. I believe there is no connection between the price drop and merged mining because it only made XDN stronger.
Actually the mistake was done much earlier, in order to have a secure blockchain the block_reward * price should not be too low, preferable the price should rise much faster than the decrease in block reward since a higher price would make the coin more attractive to an attacker. The btc block reward is now 1/4 of the oridginal reward but the price is 300000 times higher. The fact that a majority voted for merged mining + PoA does not mean it is a good idea. Now you will depend on XMR miners for your security, 10x hashrate does not mean 10x security. Preferable solo GPU+CPU mining should be easy but now with merged mining you have made it pointless to mine xdn using the wallet. The only solution i see is starting over with a new coin but then everything needs to be finished so no hardforks will be needed, maybe XMR without ringct if that is bad, maybe a better version of zcash, a PoA/PoW version of SDC maybe?. I will be honest, i do not really understand how these anonymous coins works and i guess most investors have no idea what they are buying when they invest in dash, xmr, sdc, zcash or whatever. Of course establishing a new coin is very difficult and long term holding is very dangerous http://www.truthcoin.info/blog/altcoins-are-not-coins/ (btw: i hate btc). |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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dNote (OP)
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January 08, 2017, 02:01:22 PM |
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In fact merged mining made XDN blockchain 10x times more secure than it was before. The recent XDN price drop is caused by Polo delisting and panic sales there. I believe there is no connection between the price drop and merged mining because it only made XDN stronger.
Actually the mistake was done much earlier, in order to have a secure blockchain the block_reward * price should not be too low, preferable the price should rise much faster than the decrease in block reward since a higher price would make the coin more attractive to an attacker. The btc block reward is now 1/4 of the oridginal reward but the price is 300000 times higher. The fact that a majority voted for merged mining + PoA does not mean it is a good idea. Now you will depend on XMR miners for your security, 10x hashrate does not mean 10x security. Preferable solo GPU+CPU mining should be easy but now with merged mining you have made it pointless to mine xdn using the wallet. The only solution i see is starting over with a new coin but then everything needs to be finished so no hardforks will be needed, maybe XMR without ringct if that is bad, maybe a better version of zcash, a PoA/PoW version of SDC maybe?. I will be honest, i do not really understand how these anonymous coins works and i guess most investors have no idea what they are buying when they invest in dash, xmr, sdc, zcash or whatever. Of course establishing a new coin is very difficult and long term holding is very dangerous This is not a mistake, this is our implementation of Free Market Economy via the blockchain. Eventually, Bitcoin will have almost 0 reward like many other coins and they will be in the same situation like xdn now, but xdn will progress and will go further. Also, you are not right about the wallet miner, we will implement mm wallet miner in future as well as a "PoA wallet miner". Also, we will implement PoA. Something pointless at this timeframe may be not pointless later. Things are changing very fast. You are clearly underestimating the amount of work we made for xdn implementing the new features and technologies... We are not "depend on XMR" because XDN can be merged mined with any other CryptoNight coin. We will not establish a new coin and will keep xdn development according to our plan as we are doing for almost 3 years. |
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adolf512
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January 08, 2017, 03:39:19 PM
Last edit: January 09, 2017, 12:23:19 AM by adolf512 |
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This is not a mistake, this is our implementation of Free Market Economy via the blockchain. Eventually, Bitcoin will have almost 0 reward like many other coins and they will be in the same situation like xdn now, but xdn will progress and will go further. The competition between the
What free market really means is competitions between currencies, currencies with too high inflation will of course fail but dogecoin are doing surprisingly well despite 5% yearly inflation. xmr has tail emission(unlimited supply) and it is still valued very high currently(doubt it will last though). All coins that is mined during a very short period(including sdc) has failed to get widespread adoption. A large amount of coins being mined generally leads to low price which is good when buying, sure you want it to go down later, tail emission is not really the ideal solution. Well good luck, i will not invest in a currency i do not have faith in, prove me wrong, i don't care if i am wrong and the amount of money i would be willing to invest would not make me rich anyway. I prefer trading coins which have high volume, and be able to cut losses short, but i might have to give up trading due to poor results(only holding btc would have been more profitable overall). Of course btc will probably run into some problems after 8 to 10 halvings but we have to wait 24 years for that and as i said before if the price increase more than the decrease in block reward the income to miners will still increase with time. The real risk with btc is mining centralization and it is even worse with xdn. All current coins has issues, we need something new and revolutionary(instant transactions, anonymity, messages, etc). |
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George5
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January 09, 2017, 03:12:34 AM |
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Does anybody know how to move XDN blockchain folder to the other disk on Windows? The command "-datadir=" doesn't work - the wallet just refuses to start.
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jwinterm
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 Online
Activity: 3024
Merit: 1107
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January 09, 2017, 03:14:52 AM |
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Does anybody know how to move XDN blockchain folder to the other disk on Windows? The command "-datadir=" doesn't work - the wallet just refuses to start.
The flag is "--data-dir C:\some\other\directory" |
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George5
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January 09, 2017, 03:58:58 AM |
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Does anybody know how to move XDN blockchain folder to the other disk on Windows? The command "-datadir=" doesn't work - the wallet just refuses to start.
The flag is "--data-dir C:\some\other\directory" It worked  Thanks! |
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raimch89
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January 09, 2017, 03:56:19 PM |
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#3 tomorow?
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eeX
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January 09, 2017, 06:55:15 PM |
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probably not
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Soldo [SLD] @ Soldo.IN
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George5
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January 09, 2017, 07:03:42 PM |
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If anyone has their coins stuck @Poloniex, please don't hesitate to submit a support ticket and ask those guys to update their XDN software to the latest version! https://poloniex.freshdesk.com/support/tickets/new |
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eeX
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January 09, 2017, 11:23:43 PM |
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New BCN release @ Github!!! He-he |
Soldo [SLD] @ Soldo.IN
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zzed
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January 10, 2017, 05:38:58 PM
Last edit: January 10, 2017, 05:59:31 PM by zzed |
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Long tern holding does not suit me, i prefer quick profits, shorting overhyped coins can be fun.
The harsh truth is that you have ruined your coins with poor decisions and now you do not want to face the truth, the truth is always really horrible and most people choice to live in fantasy land instead, a good way to lose money trading.
P.S. Look at the XDN price chart for 2.5 years, if it seems as a big price drop after the recent Poloniex pump it is not such a big drop in fact. The average XDN price for 2.5y is about 10-20 satoshi and if you will compare it with the US dollars those who are holding XDN are still in profit. Like on Jan 6 2016 the price was 14 satoshi and the price is 13 satoshi now but the Bitcoin price was 430$ on Jan 6 2016 and it is 930$ now. Agree, the price in USD continue to grow in a long term, of course if proper development and support continues. Unless it could also skyrocket, as SDC did, 6x - 8x times, if devs introduce some significant improvements. The code is like Monero (cryptonote), merged mining is working, as fas as I understood. The wallet is working right now. I also had my coins on Polo and of course delisting pushed the price down. Still on Bittrex however. Waiting for a great developments and capitalisation growth. |
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kamikaza
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January 10, 2017, 07:35:01 PM |
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mmh curious when we can expect the last announcement??
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narousberg
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January 10, 2017, 09:24:36 PM |
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i have problem with stucked coins from Polonex, support do nothing. Its a scam company.... |
I AM NOT SELL MY BITCOINTALK ACCOUNT !!!
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eeX
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January 10, 2017, 10:20:22 PM |
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Monero RingCT transactions gave first results DwarfPool.com stopped auto payouts - "Due to increased transaction fee after HF, payouts temporarily paused until we adapt the payout-system to the new monero-rules" |
Soldo [SLD] @ Soldo.IN
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George5
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January 11, 2017, 01:05:13 AM |
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i have problem with stucked coins from Polonex, support do nothing. Its a scam company.... I hope they'll open the withdrawals soon. Otherwise I'll have to address to authorities!  Who else have their coins stuck at Poloniex? |
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MrRen
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January 11, 2017, 01:40:53 AM |
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i have problem with stucked coins from Polonex, support do nothing. Its a scam company.... I hope they'll open the withdrawals soon. Otherwise I'll have to address to authorities! Who else have their coins stuck at Poloniex? the short time they opened the wallet after xdn was delisted I was able to get my coins out in minutes to another exchange, im not sure what issue there is Good luck ... |
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ikanunaki
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January 11, 2017, 01:43:14 AM |
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My ticket: Happy new year. You have a issue in xdn wallet, you need update wallet and send again xdn coin's the last whitdraw (i check in http://chainradar.com/xdn) is not in blockchain Date: 2017-01-06 22:43:45 Amount: 375693.58773332 Address: ddcsp6MSi98bZxdkMfyMaLbpccgLGPiGuNUyBtn1mWCzcyctS6hiyjfhZ2moRLQb5L7BCYJweBbcvMD Vv4m1zwpd356d9HXT5 Txid: 3229a710e2440e252d3fb239d44540829c0ea16c6eea7f3816f77cea4f8c06bd But the other transfers (i check in http://chainradar.com/xdn) is in blockchain and have only 6 days in distance, similar amount and same address. Date: 2016-12-28 15:04:05 Amount: 500001.00000000 Address: ddcsp6MSi98bZxdkMfyMaLbpccgLGPiGuNUyBtn1mWCzcyctS6hiyjfhZ2moRLQb5L7BCYJweBbcvMD Vv4m1zwpd356d9HXT5 Txid: f5db722fee8eec82faf2e0513bbff89c4f99f54e82c52645e5f0ecfb35243bc0 Thank you for support. Poloniex reply: Hi ikanunaki,
I do apologize for the late response,we will look into the matter and get back to you as soon as possible.
Apologies for the inconvenience.
Best regards,
Christopher Bologna
Poloniex Support |
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zzed
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January 11, 2017, 06:19:04 AM |
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i have problem with stucked coins from Polonex, support do nothing. Its a scam company.... I hope they'll open the withdrawals soon. Otherwise I'll have to address to authorities! Who else have their coins stuck at Poloniex? I have coins on Polo. Made a withdrawal which is in pending status. I can see that on Bittrex its also wallet maintenance there https://bittrex.com/Market/Index?MarketName=BTC-XDN Looks like exchanges had some issues with the wallets and have to fix them. Any other info, somebody? |
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eeX
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January 11, 2017, 07:53:50 AM |
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Hitbtc is fine, all works properly.
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Soldo [SLD] @ Soldo.IN
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eeX
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January 11, 2017, 06:22:55 PM |
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Last day for the biggest announce already.
Still a silence.
Why I'm not surprised???
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Soldo [SLD] @ Soldo.IN
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Poll
