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Author Topic: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN  (Read 703356 times)
drngocct
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October 26, 2017, 05:37:17 AM
 #9141

Its very promising coin, I am in and will buy more coins for setting up my masternode. Thank you dev for the amazing project!

ProtonCoin ►Neoscrypt ▓ Fast ▓ Secure ▓ Masternodes (https://protoncoin.io)
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October 26, 2017, 06:18:20 AM
 #9142

If i update to the newest version of RC3 wallet and disable minting do i have any disadvantages? Does Minting when it works properly generate me additional Coins? Does disabling it have an influence on staking? Or maybe a better question would be what does minting do? Smiley

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October 26, 2017, 08:16:38 AM
 #9143

Thanks jakiman for this clear upgrade.
Hope i will get soon back to staking pivx  Smiley

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October 26, 2017, 08:41:06 AM
 #9144



is this wallet on the correct chain?

its NOT on the correct chain.

Pivx has had many updates since then.


Wait until the next wallet release, and then synch up.

is there no way i'm on the correct chain now with this ancient wallet?

these were manditory wallet upgrades that ensured older wallets were prevented from joining the correct chain or just likely I am on an incorrect chain.

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October 26, 2017, 08:57:08 AM
 #9145



is this wallet on the correct chain?

its NOT on the correct chain.

Pivx has had many updates since then.


Wait until the next wallet release, and then synch up.

is there no way i'm on the correct chain now with this ancient wallet?

these were manditory wallet upgrades that ensured older wallets were prevented from joining the correct chain or just likely I am on an incorrect chain.

Make sure you are on the right chain by matching your block/hash with presstab block explorer.
Presstab explorer link = http://www.presstab.pw/phpexplorer/PIVX/index.php
Can follow this KB = https://pivx.freshdesk.com/solution/articles/30000004667

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October 26, 2017, 10:21:42 AM
 #9146

Just to clear some things up here while I have time. Smiley

0. Current latest wallet version is 3.0.4 RC3. Yes. RC3. Released today.
If you are running anything below it, please upgrade by following link below.
https://forum.pivx.org/t/pivx-core-wallet-3-0-4-rc3-release-10-25-2017/
We hope this to be the last RC build if all goes well. Cool

1. Seems many people are using the same copy of the wallet.dat on multiple different PCs.
This is not recommended as it has been the cause of many incorrect zPIV balance issues.

2. Initial 3.0.0 wallet had a bug where it caused more than 10% being auto-minted into zPIV.
That issue has since been fixed. Current 3.0.4 RC does not do that and now keeps it at 10%.
But if you are over that, it won't auto-revert excess zPIV back to PIV. So need to do it manually.
e.g. From the Privacy tab, send zPIV back to your address. It will then convert it back to PIV.

There was a video demonstration about passing PIVs to ZPIVs manually, although the disproportionate automint made it not necessary to do so, as many people found themselves with excess ZPIVs. Have you thought of doing a reverse, ZPIVs to PIVs, to unify criteria in that process that affects so many people? It could save a lot of particular actions that are made due to ignorance or technical limitations of the users that you later look forward to correct. The devs team should always keep in mind that PIVX maintainers are not programmers.

3. Currently, zPIV spend has a max limit of 7 denominations per single Spend transaction.
e.g. If you want to send 17 zPIV and if you only have 7 x 1 zPIV and 1 x 10 zPIV, it will fail.
You will get an error "failed to find coin set less than maxspend" if it goes over 7 denoms.

4. Those who would like to disable zPIV auto-mint feature can do so.
Just add zerocoinmint=0 to the pivx.conf and restart wallet. You can still manually mint zPIV.
Can also be done by changing the preferred denomination value very high in Tools - Options.
Then it won't auto-mint if the amount needed to reach 10% zPIV balance is lower than that.

Do you still prefer the automint activated by default? I understand that the ACTIVE action coming from a unilateral/centralized decision that totally falls within the personal scope of the holders and in their right to own Zpivs or not, is that of the automint, and that this action should be no longer limited, but "not enabled" by default, but ok, it's good to report that it may be limited and how, thanks.

5. Whenever you mint zPIV, it writes a new "key" for that zPIV serial to your current running wallet.dat.
This means is that your older backup of wallet.dat will have no clue about the new zPIV you minted.
This is because your newly minted zPIV is not associated with your existing addresses, hence private.

6. Implementing this level of advanced Zerocoin protocol has never been done on ANY coin let alone PoS.
So although unintended, $hit can happen to put it simply. So yeah, always backup your latest wallet.dat. Wink

7. Zerocoin isn't the end. This is just zPIV 1.0. It's just the beginning.
Developers have already begun working on the next iteration of zPIV.
Really exciting things will begin to unfold from now on. So hang on. Cool

The expectations of an active and functioning zerocoin are splendid, there we all agree and the massive collaboration of the community in terms of their unconditional disposition to the guidelines of the programming team is the greatest proof of it ... but it would not be better dump before their analysis 100% and their work in rebalancing the balances of the huge amount of wallets affected ... to continue after advancing in the zerocoin all together? The synchrony of the project is very important.



Very good post.Splendid and veyr necessary explanations.

I greatly appreciate your contribution to the rebalancing of the situation, jakiman. Huge and very honestly. I am also aware that establishing a clear and effective channel of action before so many people and their varied capacity for understanding and response is very delicate. But ... beyond that, which is reflected very positively in your post, could you make an extra effort in the follow-up that this information has on the players and their operations? I mean answering your later questions - or delegating to someone who does, but identifying yourself as a member of the devs team ,  so as not to lose the unity of criteria that can be given by contributions, well-integrated, but outside the official group - so they have the right concepts before taking any steps that can affect both your balance sheets and the stability of the system. That is hugely important for everyone - and I am allowed to re-focus on the technical limitations of the various users of PIVX.

Finally, my main question, as a basic user of PIVX, would be the following: Wait for the final wallet creates added risks? Do you see it inappropriate or dangerous for technically limited users?

Thank you very much, greetings and good, the best luck for our boat.
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October 26, 2017, 11:31:01 AM
 #9147

If i update to the newest version of RC3 wallet and disable minting do i have any disadvantages? Does Minting when it works properly generate me additional Coins? Does disabling it have an influence on staking? Or maybe a better question would be what does minting do? Smiley

As zPIV currently cannot be staked, disabling will allow you to stake your entire balance if desired.

zPIV is essentially you holding proof that you own a certain amount of PIV without it being linked to any address.
So minting is basically converting your PIV into zPIV while sending your zPIV to accumulators (denom pools).
Then when you need to convert zPIV back to PIV, it just plucks out required denoms from the accumulators.
A lot more info on what zPIV is and how it works can be found here: https://pivx.org/zpiv/

Also, an AWESOME 20 minute video on how Zerocoin protocol works is here. Highly recommended watch.
https://www.coursera.org/learn/cryptocurrency/lecture/JhU6c/zerocoin-and-zerocash


You can follow me on Twitter for the latest PIVX news & updates: https://twitter.com/jakimanboy
jakiman
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October 26, 2017, 11:50:31 AM
 #9148

There was a video demonstration about passing PIVs to ZPIVs manually, although the disproportionate automint made it not necessary to do so, as many people found themselves with excess ZPIVs. Have you thought of doing a reverse, ZPIVs to PIVs, to unify criteria in that process that affects so many people? It could save a lot of particular actions that are made due to ignorance or technical limitations of the users that you later look forward to correct. The devs team should always keep in mind that PIVX maintainers are not programmers.

An auto-reversal of minted zPIV back to PIV isn't desirable whatsoever as it will need to be sent back to "some" address.
Some people may also prefer having most of their balance as zPIV due to its anonymity. It's better done manually IMO.

Do you still prefer the automint activated by default? I understand that the ACTIVE action coming from a unilateral/centralized decision that totally falls within the personal scope of the holders and in their right to own Zpivs or not, is that of the automint, and that this action should be no longer limited, but "not enabled" by default, but ok, it's good to report that it may be limited and how, thanks.

Although I'm on the fence on that question, I believe that auto-mint is required to achieve the goal of increased zPIV liquidity.
Goal from day 1 of PIVX was to integrate a full time anonymous crypto currency. This is an attempt to get closer to that goal.
Keep in mind, this is only zPIV version 1.0. As we improve zPIV integration further, we may be able to achieve full-time zPIV.

The expectations of an active and functioning zerocoin are splendid, there we all agree and the massive collaboration of the community in terms of their unconditional disposition to the guidelines of the programming team is the greatest proof of it ... but it would not be better dump before their analysis 100% and their work in rebalancing the balances of the huge amount of wallets affected ... to continue after advancing in the zerocoin all together? The synchrony of the project is very important.

As mentioned above, the goal of PIVX is to achieve the most private crypto currency that is also fully transparent when required.
Although the bug causing excess zPIV minting was unfortunate, it showed how much PIVX could handle. (over 1000 tx / block!)


Very good post.Splendid and veyr necessary explanations.

I greatly appreciate your contribution to the rebalancing of the situation, jakiman. Huge and very honestly. I am also aware that establishing a clear and effective channel of action before so many people and their varied capacity for understanding and response is very delicate. But ... beyond that, which is reflected very positively in your post, could you make an extra effort in the follow-up that this information has on the players and their operations? I mean answering your later questions - or delegating to someone who does, but identifying yourself as a member of the devs team ,  so as not to lose the unity of criteria that can be given by contributions, well-integrated, but outside the official group - so they have the right concepts before taking any steps that can affect both your balance sheets and the stability of the system. That is hugely important for everyone - and I am allowed to re-focus on the technical limitations of the various users of PIVX.

Finally, my main question, as a basic user of PIVX, would be the following: Wait for the final wallet creates added risks? Do you see it inappropriate or dangerous for technically limited users?

Thank you very much, greetings and good, the best luck for our boat.

Thank you.

Please note that I am not a developer. I am just like anyone here but who has just been VERY active & dedicated to assist PIVX's success for a very long time. Smiley

As for your main question, we are currently asking for everyone to install and run 3.0.4 RC3 right now. No other versions.
If my guide isn't easy enough to follow, then I hope they ask for assistance though many channels that we have available.
But if afraid, they can wait for the final stable release which we hope will happen later this week pending RC3 results.

You can follow me on Twitter for the latest PIVX news & updates: https://twitter.com/jakimanboy
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October 26, 2017, 12:16:58 PM
 #9149

I like Pivx and this project, have invested before, now I start to invest in multiple anonymous coins, cause I think is the future. Deeponion has got my attention recently I think it will follow PIVX success, seems so undervaluated with all its activity and support

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B1tUnl0ck3r
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October 26, 2017, 01:49:39 PM
 #9150

Hey All,

First of all congrats to everyone and specially the devs for this awesome release !!! The integration of the Zerocoin protocol is magnificent! zPIV are just so easy to use once understood.

the update was a little rocky at first but it seems to have totally stabilized! I am running the rc3, was already stable on rc2 both linux and win7. So well done!

What a pleasure to read from you here jakiman! This forum really deserve a little bit more attention. I know everyone should use the slack (http://slack.pivx.org/) but it's nice to have updates here too.


Btw the line to add to the pivx.conf file to stop the auto zeromint is:

enablezeromint=0



To check if you are on the right chain simply go to

http://www.presstab.pw/phpexplorer/PIVX/index.php

on the left check (for example, but take latest) :

Height: 876344

Short Hash: fdc052c7

click on short hash :

in your wallet click tools , debug console and type :

getblockhash 876344 (take the last block)

and it should return the same hash as on presstabl block explorer :

fdc052c773abf4f4b5b9b737dc2ff0051c22e2b610e19d33d30f01738ecede7e

Stay Purple !

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October 26, 2017, 03:04:59 PM
 #9151

Wallet downloads not working?

To stake or not to stake! Be stake or be there!
B1tUnl0ck3r
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October 26, 2017, 03:15:49 PM
 #9152

Wallet downloads not working?

did you try here? https://github.com/PIVX-Project/PIVX/releases

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October 26, 2017, 03:16:22 PM
 #9153

Wallet downloads not working?

yep cuz the new release is not official yet.
you can find it here: https://github.com/PIVX-Project/PIVX/releases/tag/v3.0.4rc3

for me this release works fine so far and i'm back in staking mode  Wink

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B1tUnl0ck3r
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October 26, 2017, 03:21:33 PM
 #9154

Wallet downloads not working?

yep cuz the new release is not official yet.
you can find it here: https://github.com/PIVX-Project/PIVX/releases/tag/v3.0.4rc3

for me this release works fine so far and i'm back in staking mode  Wink

same here, all my coins have been converted to zPIV and back to PIVX Smiley and everything is working smoothly! ! I am glad that the confusion with your coins was okay DPRD, what did you do to restore them? wallet backup?


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October 26, 2017, 03:22:01 PM
 #9155

Seems profitable..
B1tUnl0ck3r
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October 26, 2017, 03:24:50 PM
 #9156

Seems profitable..

even better, it works!

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October 26, 2017, 03:34:41 PM
 #9157

Wallet downloads not working?

yep cuz the new release is not official yet.
you can find it here: https://github.com/PIVX-Project/PIVX/releases/tag/v3.0.4rc3

for me this release works fine so far and i'm back in staking mode  Wink

same here, all my coins have been converted to zPIV and back to PIVX Smiley and everything is working smoothly! ! I am glad that the confusion with your coins was okay DPRD, what did you do to restore them? wallet backup?



yes something like that. like jakiman wrote:
"1. Seems many people are using the same copy of the wallet.dat on multiple different PCs. This is not recommended as it has been the cause of many incorrect zPIV balance issues."

that was the main problem for me & and i had to merge 2 wallets ...

I just have to rework my backup strategy with the new version, but thats not a big deal  Wink

P.S. @jakiman:
if we can set a path/folder for the auto backups, that would be very helpful. ofc the devs have still other things to do. just an idea for a future updates

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A new cryptocurrency for a Simple, Smart & Secure digital safe deposit box
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LemonAndFriesOne
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October 26, 2017, 04:03:31 PM
 #9158

When people start writing essays in a coin's thread, you know for sure that coin is going places.  Cool
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October 26, 2017, 04:29:12 PM
 #9159

the information is very good, until some people understand until the root  Cheesy, if you became dev i think the project will success more, the wallet many to download if will join this project using PC or Android 

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October 26, 2017, 04:31:24 PM
 #9160

@jackiman

Only 2 things:

1- I did not propose an automatic regression Zpivs to Pivs, now rereading the result of google translator I saw that could be interpreted like this. It proposed a video like the one of spock of a simple and manual regression, of ZPIVs to PIVs.

2 - It does not matter that you are not a programmer, you are a link between the team and the really fantastic community and I assure you that your communications, to the point where you are carrying them, are quite cold, very understandable and very useful as a witness put it inside and the outside. I'm just one more particular, but I doubt you're doing it fantastically, really, you can be pretty cool about it.

As for my query about waiting for the final update, I understand that with your simple assessment of being able to do so, it does not involve added risks. And believe me, some, beyond waiting for it for their own convenience, we value it not to disturb the project itself, which, in such a delicate point, we prefer in the hands of those who know more as far as possible.

A greeting and encouragement. Thank you very much.
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