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 Author Topic: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN  (Read 737088 times)
EleanorZ
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 May 17, 2018, 08:41:47 PM

If you are wondering how the stake rewards are done, the image below is a good explanation

[...]

An extra note about the treasury:

Up to 1 Piv per block is allocated to the treasury. That means that every month, or 43,200 blocks, there is a potential of up to 43,200 Piv that can be spent on budget items (i.e., Dev salaries + marketing + successful proposals + etc.). However, only the total of Piv that is needed for that month's budget is actually created. For example, if (hypothetically) salaries + ... + ... + ... = 23,600 this month, then only 23,600 Piv would be created, NOT 43,200. The total number of Piv needed for the budget in any given month are created as a single superblock per month, not with each 'normal' block that's found. Since the budget ask is typically lower than the maximum possible allowance, this means that in effect, less than 1 Piv/block is actually created, and overall inflation is lower than would be implied by thinking of each block as being deterministically 6 Piv in size. In fact, the effective block size in a given month can vary between 5 and 6 Piv depending on how much budget is actually needed, and therefore how many Piv are created in that month's superblock.
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q327K091
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 May 18, 2018, 09:42:45 AM

Please fix orphan blocks in zpiv staking. I get 70-80% orphan blocks

stop unscrupulous fuding I know many alts are bleeding at the moment (without mentioning names) take your quest there

new upcoming awesome coin

the Gulden Coin: GKWHEPx3rQyPnbgQUSHu8gtgoRCgpqed1j
CarlOrff
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 May 18, 2018, 10:14:41 AM

can you confirm to me that PIVX to an unlimited monetary creation (no max supply) ?
If not, what is the limit of the monetary creation of Pivx ?
Thank you.

Bitcoin + privacy respect = BitcoinZ (topic BitcoinZ)
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EleanorZ
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 May 18, 2018, 03:29:29 PMLast edit: May 18, 2018, 08:59:30 PM by EleanorZ

Please fix orphan blocks in zpiv staking. I get 70-80% orphan blocks

stop unscrupulous fuding I know many alts are bleeding at the moment (without mentioning names) take your quest there

To be fair, many people are getting orphan blocks with zPiv staking so while 80% may be higher than average, this isn't FUD. The Devs are aware of the issue and are working to improve it.

If you 'watch' the PIVX GitHub, you'll see that multiple changes have been made since the last release to address this. https://github.com/PIVX-Project/PIVX

Presstab (one of the Devs) has also recommended that you include
Code:
banscore=10000 bantime=60
in your .conf file (you'll need to restart the wallet after editing the .conf).

You might also want to run
Code:
clearbanned
in the console to make sure you aren't accidentally banning peers that don't need to be banned.

Neither of these are magic solutions, but they will increase your connections and reduce orphans as much as possible. And remember that you can always stake normal Piv instead until the zPiv orphan rate is reduced.

can you confirm to me that PIVX to an unlimited monetary creation (no max supply) ?
If not, what is the limit of the monetary creation of Pivx ?
Thank you.

Like most PoS coins, PIVX has no predetermined max supply. However, two things: One, all fees on the network are permanently burned, meaning that as the network is used more, inflation will decrease (and, since fees for zPiv transactions are higher, inflation will decrease even more as private transactions become more common). In theory, PIVX could become deflationary with sufficient network usage. And two, while the inflation rate assumes that 1 Piv per block is allocated to the treasury, only the amount actually needed by the treasury in a given month is created (i.e., usually much less than 1 Piv per block), which reduces inflation even more.

So: PIVX has no max supply, but it has low inflation and it's possible for the supply to actually decrease under some circumstances (high network usage + low treasury allocation). Also, @CarlOrff, nice work with Carmina Burana.

Start staking with StakeUnited!

[...]

Obligatory reminder that any kind of staking pool is risky because you don't control your own private keys. You should only consider using a service such as this if you have a very small number of PIVX and are willing to accept the increased risk.
CarlOrff
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 May 18, 2018, 04:53:03 PM

can you confirm to me that PIVX to an unlimited monetary creation (no max supply) ?
If not, what is the limit of the monetary creation of Pivx ?
Thank you.

Like most (all?) PoS coins, PIVX has no predetermined max supply. However, two things: One, all fees on the network are permanently burned, meaning that as the network is used more, inflation will decrease (and, since fees for zPiv transactions are higher, inflation will decrease even more as private transactions become more common). In theory, PIVX could become deflationary with sufficient network usage. And two, while the inflation rate assumes that 1 Piv per block is allocated to the treasury, only the amount actually needed by the treasury in a given month is created (i.e., usually much less than 1 Piv per block), which reduces inflation even more.

So: PIVX has no max supply, but it has low inflation and it's possible for the supply to actually decrease under some circumstances (high network usage + low treasury allocation). Also, @CarlOrff, nice work with Carmina Burana.
Thank you EleanorZ for these explanations.

I think there is a lot of PoS currencies with fixed max supply (in my memory).

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Coin++
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 May 18, 2018, 05:03:47 PM

Since several days, I watch the PIVX masternode reward with this website : https://masternodes.online/currencies/PIVX/?convert=EUR.
.. and this reward is very curious : it can be \$4 a day or \$50 a day.
Is that a bug from the masternode.online website or it is the true ?
I know that the PIVX reward is adaptative between PoS and masternode, but here it is a lot (x12) in a very few time (in the same day) !!!

Can somebody explain to me please ?
EleanorZ
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 May 18, 2018, 06:14:02 PMLast edit: May 18, 2018, 09:00:04 PM by EleanorZ

I think there is a lot of PoS currencies with fixed max supply (in my memory).

There are some, yes, you're right--I should have just left it at 'most' (I edited the original post to reflect this). QTUM is one example, although the max won't be reached for 31 years. OMG will eventually be another. Others, such as NEO and VEN/VET, have a fixed supply of the 'governance token' and then pay rewards in a separate 'utility token' whose supply may or may not be capped (e.g., GAS will reach a max supply of 100 mil. in ~22 years, whereas VeThor has no max supply). However, many PoS or DPoS coins have no fixed supply (e.g., XLM [not quite PoS, but similar outcome], Lisk, Ark, Strat, Nav, ETH [for now], PIVX, etc.). Note that many of the coins with no fixed maximum use other techniques, such as PIVX's fee burning/budget creation, to restrict the supply anyway.

Since several days, I watch the PIVX masternode reward with this website : https://masternodes.online/currencies/PIVX/?convert=EUR.
.. and this reward is very curious : it can be \$4 a day or \$50 a day.
Is that a bug from the masternode.online website or it is the true ?
I know that the PIVX reward is adaptative between PoS and masternode, but here it is a lot (x12) in a very few time (in the same day) !!!

Can somebody explain to me please ?

I suspect that's an idiosyncrasy of that site. Generally, MNs reward at a very consistent rate--they are not subject to the same degree of 'luck'-based fluctuation as staking. You may find this site more reliable: http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html
EleanorZ
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 May 18, 2018, 08:57:06 PM

Start staking with StakeUnited!

[...]

[...]

Nice hidden referral link there. Why not at least be up front and honest about it rather than phishing? Seriously, inherent issues with staking pools aside, this service would be a lot more compelling if its users didn't spend their lives endlessly spamming about it with shady tactics.

And, once again for everyone else out there, any kind of staking pool is risky because you don't control your own private keys. You should only consider using a service such as this if you have a very small number of PIVX and are willing to accept the increased risk.
Erebos
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 May 18, 2018, 11:10:47 PMLast edit: May 18, 2018, 11:26:09 PM by Erebos

Please fix orphan blocks in zpiv staking. I get 70-80% orphan blocks

stop unscrupulous fuding I know many alts are bleeding at the moment (without mentioning names) take your quest there
I think you misunderstood me. I dare to say that PIVX has maybe the best developers in the cryptospace (look at their github commits compared to other coins) and is severely undervalued compared to other privacy coins. This is a minor, or even a non-issue (that it is being fixed as we speak) if you see the big picture. I buy as many PIVX as I can, when I am able to do so.
fuongy
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 May 19, 2018, 01:12:19 AM

Another great release, you can now store your masternode collateral securely on a ledger hardware wallet

https://github.com/PIVX-Project/PIVX-SPMT

Haynes
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 May 19, 2018, 06:28:59 AM

I would suggest to suggest Pivians to actually read the full article about dzPIV seed. They can do a bit of damage and even lose funds if it's misused.
OfficialBitPro
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 May 20, 2018, 11:12:45 AM

https://BitPro.cc now accepts Pivx as well.

Because our site is completely free of trackers, requires no javascript and an account is optional, it works nicely to protect your privacy when you pay using zPIV.

CoinsInTheCan
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 May 22, 2018, 05:03:44 PM

Good news !!!

PIVX is added to Blocknet / BlockDX (Decentralized exchange & communication protocol between many different blockchains). You can trade and build dapps for your favorite coin.

(Full launch with Litewallet and beautiful gui is July 1st)  https://bitcointalk.org/index.php?topic=829576.0
dhillon7
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 May 23, 2018, 07:35:22 AM

i buy some coins on yobit last month. Its maintenance going on from 27th april. how much time more it take . i am not able to transfer my fund. anybody know about any wallet maintenance information.
EleanorZ
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 May 23, 2018, 04:59:30 PMLast edit: May 23, 2018, 06:46:05 PM by EleanorZ

i buy some coins on yobit last month. Its maintenance going on from 27th april. how much time more it take . i am not able to transfer my fund. anybody know about any wallet maintenance information.

YoBit has been in maintenance for months (almost a year) now because they are a terrible exchange. The PIVX team bugged them about it for a long time last year, but they may have given up since YoBit hasn't responded to any communication (you could ask on Discord for the latest updates). Your best option is to sell to BTC and transfer to an exchange that isn't complete shit (Binance and Cryptopia don't ask for verification if you want a 'traditional' exchange; flyp.me is also a good option).

https://forum.pivx.org/t/pivx-on-frozen-on-yobit/2862/2
Splin V
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 May 23, 2018, 09:24:19 PM

PIVX now listed on South Africa's only exchange ChainEXIO to support Rand (ZAR) fiat trading
https://chainex.io/

[/size]
LoveKamil
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 May 25, 2018, 09:59:11 AM

An interesting feature-the creators have not fixed the maximum number of coins that makes the currency with the usual money. They also provided for inflation of 4% and regularly release new coins to the market, motivating users to spend and struggling with savings.
Scooby903
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 May 25, 2018, 12:51:37 PM

Where can I buy pivx without kyc for fiat or with trade for monero ? Do you have a local pivx ? Wall of coins isn’t working that well in USA where I am . Some banks aren’t allow deposit without kyc
DRPD
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 May 25, 2018, 01:50:28 PM

Where can I buy pivx without kyc for fiat or with trade for monero ? Do you have a local pivx ? Wall of coins isn’t working that well in USA where I am . Some banks aren’t allow deposit without kyc

sell monero for btc or eth and buy pivx with btc/eth ?

you can do this on binance for example.
if i remember right you can wd coins for about ~4btc/day on binance without KYC (not sure anymore)

cheers

edit forgot: u can also change monero to pivx direct on https://changelly.com/ (have never used it but should be trustworthy)
EleanorZ
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 May 25, 2018, 05:00:32 PM

Where can I buy pivx without kyc for fiat or with trade for monero ? Do you have a local pivx ? Wall of coins isn’t working that well in USA where I am . Some banks aren’t allow deposit without kyc

As DRPD says, if you want a traditional exchange, Binance is still probably your best bet even though they don't yet offer direct fiat-crypto trades (they will soon). Their fees are relatively low so even if you go XMR > BTC > PIVX, it's not too bad. The daily withdrawal limit is 2 BTC without KYC, and 100 BTC or more after KYC. Binance currently has BTC, ETH, and BNB pairs for PIVX.

If you don't mind using a non-traditional exchange, then your two best bets are https://changelly.com/ and https://flyp.me/ . Both of these let you trade directly from XMR to PIVX. The downside is the volume may be lower, and you can't easily do limit trading--so while the fees are lower overall, you can't 'play' the market as easily to take advantage of price dips.
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