[$XVG] VERGE [POW][MultiAlgo][TOR/i2P][no premine/ico!]

[Dogedarkdev]

I just spoke with richie over at bittrex, we had a fair amount of orphan blocks come through earlier, so in the interest of safety, he froze the wallet until we could speak and take a better look at it.. looks like the huge peaks in hashpower and our 1 block difficulty retarget could have been the culprit, or someone trying to solo mine with our old doged protocol (60016) from back in 2014, however nothing was harmed and no coins lost. All they can do is create orphan blocks, it doesn't pose a risk to us or our blockchain. orphan blocks are completely normal, we just dont normally see that many in a row. Keep in mind pausing a wallet is something that exchanges do as preventative measure, to ensure the safety of their customers. Please don't get mad at Bittrex for being concerned about the users coins! If i ran an exchange, I would also pause the wallet until i could figure out what was happening, and why.

Great response, Dev. Is it the same issue with C-CEX or what's going on there? Also, I seem to remember you talked about wanting to average out the difficulty retarget to a longer time a while ago, is this plan still in the works?

yeah a longer retarget time is in the works. right now, the 1 block retarget serves to discourage multipools from mining and dumping, since they add so much hashpower (sometimes double or triple the current network hashrate). we make them work very hard to get the next block. this blockchain behavior makes them lose interest and leave the network, otherwise they'd just stay on and dump all the coins they get.

[Dogedarkdev]

Thanks for the background and taking the time to explain this to us.
Otherwise....we're just left to our imaginations.
Amazing that it's possibly an old wallet being used to solo mine.

well when we first launched in 2014, with protocol 60016, and we were profitable to mine, multipools started mining us, to cash the coins out n pay their miners in bitcoin. multipools dont generally share what coins they mine, especially with the coin they mine and dump's community, and this makes it impossible for developers to let them know there are updates to the source code. if and when the coin suddenly becomes profitable again, they just re add it to their profit switching without updating the source code for it, or even bothering to check what changes have been made. i see it all the time.

[Beachguy]

2014 was a long time ago in crypto-years.

[sputnik1]

looks like this coin is done,dev will dump his bag  , lol dev tryng to get rid of free money when btc pumping

+1

my words, the rocket is falling to the earth

tomrow we'll se at 2sat where the price belong to this

i hold this coin for a long time @2sat it doesnt matter to me  ..

u bought at 1 sat, better u dump it ,put ur money on next pump coin

nope just mined plenty ofthis coin.. sold some @27 ..

[retnods]

Bittrex XVG wallets back online  

[coinstash]

So I created an account at C-CEX to check it out. First thing I notice is that it's almost totally USD-centric, and the ingoing exchange rate is $16 under actual BTC price. Then I looked at the altcoins, and only three of the 25 or so I trade are supported.

Sorry, bzzzt. Not really impressed so far. I don't need chat boxes and fancy graphs, I need utility. Their focus is on kiddy toys, just like the Chinese sites.

Most disturbingly I couldn't see what country they're based in, which is *really* important.

[p75formula]

I decided a while back that I wouldn't trade on exchanges that didn't make clear where they were located and ideally have a mailing address.

I pulled all of my funds out of BTC-e and the like. I went primarily to Cryptsy, Bleu and Polo. (Bleu mostly because it was easy get cheap VERGE with LTC and DOGE)

LOL. It sounded like a solid plan anyway.  

I've always maintained a rule about keeping no more than 5 BTC on any one exchange unless I'm actively making big move. I had 4.XX on Cryptsy in December when I decided that something stunk with all the broken wallets. These were the last few Buys I made on Cryptsy and then I got the F out.

[coinstash]

Your list reminds me of another issue I have with Bittrex. Most of those trades would have been rejected as "too small".

[p75formula]

yeah, a lot of them were really small but I think that's mostly from bots selling.

My favorite on that list was the one for 0.84 BTC at 4. That felt good. I had that sitting at 4 sats and didn't think it would fill before I decided to leave.

[coinstash]

Jaysus. I just checked the distribution on Bittrex. Who the hell is sitting on 250,000,000 XVG?

[l8nit3]

Jaysus. I just checked the distribution on Bittrex. Who the hell is sitting on 250,000,000 XVG?

a VERY smart investor lol

[AliMan]

Jaysus. I just checked the distribution on Bittrex. Who the hell is sitting on 250,000,000 XVG?

a VERY smart investor lol

Or a very dumb one, it could go either ways.

A smart investor holds half, dumps half, for the most part of it.

[Dogedarkdev]

Jaysus. I just checked the distribution on Bittrex. Who the hell is sitting on 250,000,000 XVG?

I'm assuming that's the Bittrex storage wallet maybe?

no, that would be someone on bittrex holding that amount. and i'd think they are smart ;]

also, someone just translated the VERGE thread in indonesian:

https://bitcointalk.org/index.php?topic=1368729.msg1392675

Sorry late

D96Y3FusAtfkdGmAh5TAhWaF8mX5teKJfC My VERGE ADDRESS


^i got this in my personal messages, so i suppose theyd like some XVG tips from the community

[Zedux]

Good news.. www.coingecko.com has confirmed updating to VERGE will be ready soon. I'm sure there are still some confusion out there people see such small volume at coinmarketcap and wonder what's going on once they also update to VERGE we'll accomplish a lot and see much more interestas with awareness spreading.

[bitLeap]

WTF!

Net Hashrate: 82,858.52 MH/s

 

[CryptocurrencyNetwork]

WTF!

Net Hashrate: 82,858.52 MH/s

 

TH coming soon

[johnnywoo2015]

Please retweet
https://twitter.com/johnnywoo2015/status/701315236377264128

[hax1]

I have promotion verge in empowr community , if I have btc I will buy again verge

[coinstash]

Completely dead trading day on Bittrex all round. XVG sitting at 15/16 with 930M units for sale, mostly stacked under 100 sat. It's going to be a slow start.

If it hadn't been for the high winds here that threatened to crash my yacht into an adjacent one it would have been very boring indeed.

[Dogedarkdev]

Completely dead trading day on Bittrex all round. XVG sitting at 15/16 with 930M units for sale, mostly stacked under 100 sat. It's going to be a slow start.

If it hadn't been for the high winds here that threatened to crash my yacht into an adjacent one it would have been very boring indeed.

theres a thread for market talk in the OP.. btw its saturday, all exchanges are significantly slower on weekends.