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Author Topic: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN  (Read 744684 times)
iloveBTCtomuch
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April 23, 2017, 11:18:45 AM
 #7601

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-active dev with good reputation that puts in a lot of hours, and is fantastic with keeping the community in the loop with updates and answering questions
Sure it took 5 months to solve the bug in the  Governance Model, that disabled voting. Also the syncing time of the latest  PIVX wallet vs a DASH wallet is slower even do it blocksize is atleast 3xtimes smaller.

Quote
-solves a common criticism of Dash (the big dev premine) and improves on a currency techjnology that is gaining huge adoption.
There has been allot of criticism of DASH, but the info was incorrect it was not a pre-mine it was an instamine, and their is lots and lots of info on that.
-It was only a 10% instamine of the totall coin supply  vs 100% fastmine with masternodes earning straight from the start
To sum that up what happend:
- PIVX had only a mining periode of 181 day's, 70% minined out in less than 100 days
- PIVx two anonymous creators did burn their pre-mine of 6 masternodes, but keept the rewards (anyways it worked out well from a markting perspective, my compliments )
- PIVX masternodes earned straight from the start, the rewards where so large that early holders, never had to sell their mn
- PIVX hash-rate has been very low during the POW mining fase, aka few people where mining it
- PIVX its coin distribution especially during and just after the POW fase was very concentrated, still close to 250 addresses held during this quick rise in marketcap (the smart owners either sold off allot or at the very least divided their holdings of multiple addresses

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-And that in-wallet Trex trading isn't going to stop Polo: money is money, and right now they are losing out on thousands of dollars every day.  Additional pressure will also be added as more rival exchanges add PIVX.
Their are other coins that have that same problem, most of them do not get added to Polo (for instant WAVES)





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jakiman
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April 23, 2017, 12:23:09 PM
 #7602

a question i have ~770 pivx how long should it take to get stakes? i have the wallet over 1 week running and got nothing Sad
i need to buy more?

Staking is like solo mining. More you have, more chances you'll have/get to win a block. So yes. More the merrier.

To give you some historical stats, I'm averaging approx. 1 reward per day with 10K staking for past 6 days.
As you have approx 13x less than me, that would mean 1 block reward every 13 days or so on average.
But due to its randomness nature, you could get some in quick succession, then nothing for weeks.

FYI - 1 block reward currently averages around 4.2 PIV. See below link for current reward size.
http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html

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April 23, 2017, 12:42:53 PM
Last edit: April 23, 2017, 03:06:47 PM by jakiman
 #7603

Sure it took 5 months to solve the bug in the  Governance Model, that disabled voting. Also the syncing time of the latest  PIVX wallet vs a DASH wallet is slower even do it blocksize is atleast 3xtimes smaller.

5 months can be considered short depending on the nature of the bug. But sounds like you are implying that it was due to lack of skills?
FYI - This proposal payment bug was due to a major difference in code from DASH considering PIVX is not a simple DASH clone.
PIVX has a lot of changes to make it run on a more up to date Bitcoin code than DASH while also using a custom Proof of Stake code.
As for syncing, the latest 2.2 wallet syncs a lot faster now. You need to also consider that DASH has a larger network of peers.

There has been allot of criticism of DASH, but the info was incorrect it was not a pre-mine it was an instamine, and their is lots and lots of info on that.
-It was only a 10% instamine of the totall coin supply  vs 100% fastmine with masternodes earning straight from the start
To sum that up what happend:
- PIVX had only a mining periode of 181 day's, 70% minined out in less than 100 days
- PIVx two anonymous creators did burn their pre-mine of 6 masternodes, but keept the rewards (anyways it worked out well from a markting perspective, my compliments )
- PIVX masternodes earned straight from the start, the rewards where so large that early holders, never had to sell their mn
- PIVX hash-rate has been very low during the POW mining fase, aka few people where mining it
- PIVX its coin distribution especially during and just after the POW fase was very concentrated, still close to 250 addresses held during this quick rise in marketcap (the smart owners either sold off allot or at the very least divided their holdings of multiple addresses

While you are quite critical about PIVX (which is welcome), you aren't very critical about DASH is seems. It wasn't 10% instamine back then nor right now. It was and still is a much higher.
When DASH was 14 months old (same age as PIVX is currently), approx. 40% of total DASH coin supply was mined within first 36 hours and approx. 90% was mined within the first 100 days.
These numbers were gathered from official DASH atlassian page, coin emission spreadsheet and articles that cover this topic. Also, it was with a lot less miners than PIVX did at launch afaik.
So you are saying 6 masternodes setup by PIVX devs is worse than 2 million DASH being mined within first 36 hours? That's potentially 2000 DASH masternodes after just 36 hours. Hmm.

You are quite right about the other points however. But yeah, you also need to realize that majority of miners sell on profit.
PIVX was traded a lot from the get go with decent trade volume on Yobit then later at Bittrex. So miners did sell plenty of it.
This type of argument holds for nearly all fair launched PoW coins. Don't you agree? Early miners always mine more than rest.

I'm not against DASH at all btw. I used to even mine Darkcoin back in the day. Cheesy

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April 23, 2017, 12:56:47 PM
Last edit: April 23, 2017, 01:21:41 PM by jakiman
 #7604

Update on Livecoin Exchange

We have fully paid for the addition as requested and are waiting on Livecoin to add us.

The Crypto Baron
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April 23, 2017, 01:54:47 PM
 #7605

Jaki/Eleanor/DRPD/etc:

I'm trying to add the repository to get the wallet on ubuntu and having issues (running sudo apt-add-repository ppa:shaun-mcbride/pivx and receiving:

Cannot add PPA: 'ppa:~shaun-mcbride/ubuntu/pivx'.

The user named '~shaun-mcbride' has no PPA named 'ubuntu/pivx')  Is there a different repository I need to add in order to download the wallet?

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April 23, 2017, 02:35:34 PM
 #7606

great comments @jakiman ...

new upcoming awesome coin

the Gulden Coin: GKWHEPx3rQyPnbgQUSHu8gtgoRCgpqed1j
NorthPixel
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April 23, 2017, 02:55:20 PM
 #7607

The trend changed to a downward trend. It would be nice to add margin trading, so we can short from current price.
its just a whale moves as the de listing of coins are getting nearer those whales who have a lots of coins will try to bag more
as they knew that this coin have really good potentials to be added inside polo and after that price will move up again and
weak holders will start to cry.

Do you think that Poloniex can give this coin gain in price? The price is already huge, capitalization in top 10, large growth will not be exact.
cointech77
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April 23, 2017, 03:19:27 PM
 #7608

No web/mobile wallet?
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April 23, 2017, 05:24:01 PM
 #7609

-------------> $1-
fast price up
slow price down

do not buy now

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April 23, 2017, 05:42:38 PM
 #7610

-------------> $1-
fast price up
slow price down

do not buy now

after such a wonderful post by jakiman "this" arrived.. tell ya

new upcoming awesome coin

the Gulden Coin: GKWHEPx3rQyPnbgQUSHu8gtgoRCgpqed1j
SweetHodler
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April 23, 2017, 06:37:31 PM
 #7611

people who belive in project are buying on the dip right? im contemplating making my first PIVX investment now.
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April 23, 2017, 09:17:51 PM
 #7612

We are encountering a major 3-month trend-line, and the order-book also indicates heavy resistance around 110k satoshi.

So I'm very bullish right now. please comment if you disagree.

cedlemercier
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April 23, 2017, 09:56:10 PM
 #7613

It is normal to see a downward trend for now, it is passing investors who take their profits. I think this is the time to buy because the bounce is coming soon 😉 The coin is already distributed widely, the volume of exchange is already very well, all the good signals are there, the rebound will be great!
Enjoy buying now and hold your PIVX during the next taking of profits. The rebound will always follow as long as the volume is there.
The Crypto Baron
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April 23, 2017, 11:05:42 PM
 #7614

people who belive in project are buying on the dip right? im contemplating making my first PIVX investment now.

I added 2 masternodes today  Cheesy

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April 23, 2017, 11:08:09 PM
 #7615

price falling cuz its a clone of DASH? or whats happening?
SweetHodler
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April 23, 2017, 11:30:05 PM
 #7616

swinging crazy now
iloveBTCtomuch
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April 23, 2017, 11:38:39 PM
 #7617

Quote
While you are quite critical about PIVX (which is welcome), you aren't very critical about DASH is seems.

Actually I am very critical of DASH it's instamine, and I had to read up allot about it:

This a nice sum up what I read (sorry of the off-topic but I want to make clear I am critical of all coins I invest it):

Evan Duffield has no more than 256,000 Dash and will give away 80% of that to fund DAOs within DASH https://www.reddit.com/r/dashpay/comments/62jc3b/evan_duffield_has_no_more_than_256000_dash_and/
Dash Instamine Issue Clarification https://dashpay.atlassian.net/wiki/display/OC/Dash+Instamine+Issue+Clarification
Instamine FAQ https://dashpay.atlassian.net/wiki/display/DOC/Legacy+FAQ#LegacyFAQ-WasDashInstamined
Was The Instamine A Positive Thing For Dash? https://dashdot.io/alpha/?page_id=118
My View: Dash’s Instamine Is Not A Problem http://fintekneeks.com/my-view-dashs-pre-mine-is-not-a-problem/
Deep technical analysis of the early mining and distribution https://bitcointalk.org/index.php?topic=421615.msg15619552#msg15619552
Confessions of a Instaminer Hashman https://bitcointalk.org/index.php?topic=421615.msg18041424#msg18041424

*PS also Evan has stepped done as CEO.

Also it is not my intend to post in such negative light about any coin. But I could not stand for PIVX vs DASH marketing. In which it claims to be superior to DASH, I had to counter it I almost see it as my moral obligation.

 


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April 24, 2017, 12:12:41 AM
 #7618

poloniex exchange will add pivx and other anon coin, some thought?
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April 24, 2017, 12:14:45 AM
 #7619

RiP Pivx Sad
luka4x
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April 24, 2017, 12:24:20 AM
 #7620

why this panic sell? or mega dump just right before polo add?
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