[ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN

[rebal15]

https://sludgefeed.com/stake-united-altcoin-staking-pool-review/

Has anyone tried Stake United for PIVX? Seems like a solid idea applying the mining pool system to staking rewards

I don't get it. Why even use a pool for staking? Its not that hard.
Also I don't get how people expect pool staking to even work.

Because theoretically when holding 1 PIVX in a wallet, the chance of ever getting a block reward is so small that it probably won't happen for a year / few years. According to the calculator it would take approximately 40 years.

Getting a smaller reward on short term might therefore be a more substantial form of interest (however very very little in USD). Because let's say someone is 30 years or older, the chance of dying before getting the block reward is not unimaginable. And by pooling PIVX, that person gets 0.01 USD of interest maybe, a very small amount not really worth the investment, but that always beats 0.00 USD interest.

Don't forget to use : http://www.cryptonode.co/#/currency/pivx to check estimates.

Do you know what is the smallest stake on the chain to ever get a block? I have seen below 10...

so if in this case the master node of the future, if deflation will continue. it can reduce profitability if the increased costs.

Not sure what you mean. For every block of 5 Piv, 90% (4.5 Piv) are distributed between masternodes and stakers according to PIVX's 'see-saw' mechanism, while the remaining 10% (0.5 Piv) is allocated to the PIVX budget (development, etc.). This stays the same regardless of transaction costs. MN profitability (in terms of number of Piv generated per unit of time) would decline if many more people operated MNs, but it will not be directly/deterministically affected (again, speaking in terms of number of Piv generated per unit of time) by fluctuations in transaction cost or the precise trajectory of inflation.

If PIVX becomes deflationary, it would mean, by definition, that the network is handling A LOT of transactions. Moreover, it would mean that PIVX itself would be getting rarer, which in theory would increase the unit price, increasing profitability in terms of $$ (not number of Piv) generated per unit of time by MNs and stakers.

Generally, master nodes are not very appreciated with zero protocol as there's no much transparency with this. It's good they're bypassing this.

Masternodes are not being bypassed. Stakers are the primary block validators on a PoS network, while masternodes are 'facilitators', offering an extra layer of verification, improving transaction time, and allowing the blockchain to be downloaded faster. Masternodes will also (I believe) play a role in enabling PIVX's decentralized exchange, ZDex, which is planned for Q2 2018. Currently, masternodes hold all voting power on the PIVX network, but masternode holders previously voted to give up this privilege in favour of a more inclusive community governance model, which will be implemented sometime this year (scheduled for Q3 2018 in the roadmap).

So masternodes' main job is to improve network function, not to increase privacy--though, a MN run through Tor might indeed add some extra privacy as a bonus. The privacy side of things is taken care of by Zerocoin protocol and, once implemented, other upcoming features such as I2P, U2F, and Dandelion protocol, all of which are included on the roadmap.

Dear EleanorZ,

Thank you for your excellent comment. It is refreshing to see an update posted here (and not only on discord   ). ZDex and zPIV staking...  

I think it shows points with easy misconception about pivx currency expansion and risks generally.

The first aspect is that there is no inflation for coin Stakers and MNers with PIVX (https://en.wikipedia.org/wiki/Money_supply). Now there are 55,564,386 PIVX in circulation. Of witch 21060000 are in MNs and some in staking wallets (with a reward of 2.34). The thing is that inflation is sometimes understood as an external addition of currency to the currency stock, which can be seen as currency expansion or monetary base expansion. In PIVX ecosystem it isn't like this, because only Stakers and MNers get the rewards. It means that there is no inflation for them (or loss of buying power due to currency expansion). If a Staker or MNer wants to keep a constant relative % of to total coin supply. He or she can by simply running a MN or Staking Wallet and will be able to stay relatively neutral toward the total currency stock (his % share).

That leads to the second point about risks. Staking isn't risk free. It involved serious risks, known and unknown. For example today I learn about the RCE from Bitmessage... Simply saying that anything online may be exposed to risks. Nothing will be beat cold wallet, be it paper or simply off line but in this case there will be a loss of % share of total coin supply. Simply because there will be no participation in staking or mn and so the loss of the reward.

And finally not all coins are staked or in MN, a lot are cold stored or in transfers, on exchange or offline temporary, which means that the estimates from calculators (http://www.cryptonode.co/#/currency/pivx) were easy to beat for those who are able to stay 24/7 on line.  

Official PIVX Mobile Wallet - Wallet Tutorial

Hi guys, thanks for tuning in. Today we have a tutorial on how to get started with your first Official PIVX Mobile wallet. This video will walk you through the whole process of getting one as well as how to use it. In combination with what you've learned in the PIVX Basics series, this should be quite easy to do. Though if you run into any problems, please join our forum or Discord and chat with us. Both can be found at PIVX.org https://www.youtube.com/watch?v=w2uJ8xMcSdg

I can't wait for the iOS wallet... I waiting for it since so long...

Stay Purple! Keep staking and MNing .

PS AND HAPPY 1 000 000 BLOCKS (old but still great Milestone)!
  

but in the libzerocoin-exploit fix, the devs said that they were able to track down any fraudulent spending proofs and ....etc. so how zerocoin protocol is private?
Zdex will be used to buy zpiv, so zpiv is what??? is it a coin or what? how the price of zpiv will be determined?
if zpiv is untreacable, how to sell it and get pivx or btc or whatever to his wallet?
 

[1715061874]

1715061874

[Vitamin_52]

With the updated PIVX Android wallet, you will be able to view the conversion rate of your PIVX to any fiat currency.

This will make it easier for merchants who want to accept PIVX and charge their clients the correct amount in their local currency.
https://twitter.com/_pivx/status/964599054993952769

[B1tUnl0ck3r]

but in the libzerocoin-exploit fix, the devs said that they were able to track down any fraudulent spending proofs and ....etc. so how zerocoin protocol is private?
Zdex will be used to buy zpiv, so zpiv is what??? is it a coin or what? how the price of zpiv will be determined?
if zpiv is untreacable, how to sell it and get pivx or btc or whatever to his wallet?
 

Hello rebal15,

Thank you for your post. First of all let me answer you what I know: 1 zPIV = 1 PIVX. A zPIV is just a PIVX anonymized. Furthermore zPIV can't stake. From what I understand, once a pivx is converted to a zpiv it get in a pool ready to be spend by anyone who has feeded the pool earlier. You can convert pivx to zpiv for a flat fee of 0.01 by note (as it is only possible to convert pivx by 1,5,10,50,100,500,1000,5000 notes, meaning that if you convert 2 pivx in zpiv you pay 0.02 fee (1+1) but equally you pay 0.02 fee to convert 2000 pivx to zpiv (1000+1000).

No Zdex will be used to convert first btc and then other alts to pivx/zpiv and may involved masternodes.

For you question about privacy and dev involvement I think you ask a very important question which I can't answer. I think that pivx teams should reinforce more technical explanation concerning pivx. It is nice to have main stream informations but neglecting high tech is a little mistake (like letting this thread alone ).

With the updated PIVX Android wallet, you will be able to view the conversion rate of your PIVX to any fiat currency.

This will make it easier for merchants who want to accept PIVX and charge their clients the correct amount in their local currency.
https://twitter.com/_pivx/status/964599054993952769

Hi this is a nice functionality. However I hope it is possible to deactivate it as where are the prices coming from (privacy)?

Personally it is the iOS wallet that I am waiting for. Nothing is more boring that show how powerful and useful pivx is to someone and then be stoped once the potential new users get his iphone out to look for the wallet... and having to answer not yet available... since when btw?   

It asks the question if the ivory tower of discord/slack isn't too isolating...

I fully know that the honesty and safety of the chain are the most important factors long term... however is the budget return on investment checked? This iOS wallet for example start to smell a f35like program... and what about the core update? It's 0.15 already...

[ralags]

pivx had the best analogy:  "If you wrote someone a check and your bank then allowed that person to see all of your transactions, would they still be your bank?"  NOT!  But that's what happens with #bitcoin, #ethereum and others.

I dont want my customers/whoever wants to transact with me should not see my transaction history with the exposure of crypto there will be chances of threats based on the transaction history.

[tokenburn]

good vibes about pivx at the btc super conference.  

[Vitamin_52]

PIVX Android Mobile Wallet Update is LIVE!

More Information -> http://ow.ly/dUoP30iteoK

Download Wallet from Google Play Store -> http://ow.ly/vd5q30itelz

New features included: Payment Request, Fiat Currency Conversion, zPIV recognition, Mnemonic Auto-Complete & More.
https://twitter.com/_pivx/status/965266894218514438

[lucv]

Can you stake from the Mobile Wallet ?

[Masternodeking]

With the updated PIVX Android wallet, you will be able to view the conversion rate of your PIVX to any fiat currency.

This will make it easier for merchants who want to accept PIVX and charge their clients the correct amount in their local currency.
https://twitter.com/_pivx/status/964599054993952769

is there any coin you can stake in a different wallet than you originally had?

[SnappySnap]

Can you stake from the Mobile Wallet ?

No (no staking from the mobile wallet).

[Roskosh]

Hello, my wallet is encrypted and unlocked but not staking. Can anybody tell me what could be the problem?

[B1tUnl0ck3r]

Hello, my wallet is encrypted and unlocked but not staking. Can anybody tell me what could be the problem?

Hello,

I hope it is resolved. Sometimes a simple reboot is enough, did you have all the confirmations required for staking?

for all your questions don't forget to visit http://discord.pivx.org/ or http://forum.pivx.org/ or http://pivx.support/

Reddit https://www.reddit.com/r/pivx/ has some great posts too.



and for the blog update : https://pivx.org/news/

And from what I heard the ios wallet is ready and just waiting approval from apple... since a long time  

[Vermalen]

PIVXpress - Hosted by BryanDoreian of PIVX detailing breaking updates and milestones including:
- Conference Updates
- Dallas Bitcoin Superconference
- Anarchapulco
- Android Wallet Updates
- Community Updates & More!
Watch Here -> https://www.youtube.com/watch?v=jeVZPFgdtlA&feature=youtu.be
https://twitter.com/_pivx/status/966774365189636096

[welpboy]

With the updated PIVX Android wallet, you will be able to view the conversion rate of your PIVX to any fiat currency.

This will make it easier for merchants who want to accept PIVX and charge their clients the correct amount in their local currency.
https://twitter.com/_pivx/status/964599054993952769

Awesome!

[amrulshare]

why my wallet say like this "failed to calculate accumulator checkpoint" after replacing PIVX blockchain , help please 

[ralags]

PIVX is PoSitively Private.

Private Identity.
Private Network.
Private Rewards.*
Private Exchange.*
Private Transactions.

[Turing]

Never use stakepools.
You may lose your coins, they are not in your hands when in a stakepool.

[GlobalProtection]

My PIVX core wallet says during the synchronizing process:  "1 year and 50 weeks behind. Scanning block 51773" and the wallet synchronizing STAYS ON THAT BLOCK AND DOES NOT MOVE?

What do I do to get this wallet to work?  Is there a new core wallet out?

Thank you

[Lercker]

My PIVX core wallet says during the synchronizing process:  "1 year and 50 weeks behind. Scanning block 51773" and the wallet synchronizing STAYS ON THAT BLOCK AND DOES NOT MOVE?

What do I do to get this wallet to work?  Is there a new core wallet out?

Thank you

Use a snapshot if you you can't get your wallet to sync: http://178.254.23.111/%7Epub/PIVX/Daily-Snapshots-Html/PIVX-Daily-Snapshots.html

[SnappySnap]

Little update for folks here (if you aren't in the discord channels).

I'm on my way to the "haste and hustle" event in Toronto, which is spearheaded and largely driven by Gary Vaynerchuk.  PIVX is a main sponsor, and I'll get a LOT of facetime with Gary, introductions to influences, etc, etc...introduce him for his keynote, and also get a few interviews.

PIVX is crossing the threshold into "brand" territory, where recognizable "celebs" and market drivers with lots of followers are beginning to pay attention to the Purple  

[DRPD]

Little update for folks here (if you aren't in the discord channels).

I'm on my way to the "haste and hustle" event in Toronto, which is spearheaded and largely driven by Gary Vaynerchuk.  PIVX is a main sponsor, and I'll get a LOT of facetime with Gary, introductions to influences, etc, etc...introduce him for his keynote, and also get a few interviews.

PIVX is crossing the threshold into "brand" territory, where recognizable "celebs" and market drivers with lots of followers are beginning to pay attention to the Purple  

thanks for the update us bitcointalk old farts
go SnappySnap go .... keep it on