[ANN][XCN] Cryptonite - NEW Thread | 1st mini-blockchain coin | Bounties!

[muf18]

Btw would someone barter-trade Slimcoins for Cryptonite?

[1714966517]

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[chrysophylax]

Eddy-Thailand
forgive me for i getting into your discussion.
If your friends like to take risks, they can make their own conclusion))
Now the coin has dark, difficult times, if now buy it - a risk.
When there is no risk, there will be a completely different situation and price.
But instead of risk, you want the opposite: you want the developer to convince you that there is no risk.
Do you understand the essence of the contradiction))?
Either there is a risk and a low price, or there is no risk and then the price is high (in fact, there is still a risk)
Good luck with the choice

Hence the core of what I was saying!

Thank you for clarifying that even further.

For the comment about WHY I got upset? I didn't get upset, just frustrated. Frustrated at those that come in ANY thread, let alone here, start banging their chests as if some finacials Gods and EXPECT people to 'convince' them why they should spend their money in here, or any coin project for that matter. The frustration spreads to other coins also, including the CWI-Coins we have. Who do these people think they are to do such things as we owe them an explanation and bow to our knees to beg them, and ultimately CONVINCE them that they should put their money into the network? There is WAY more than enough information to research, and if Eddie came here looking for answers, then as the right questions, not make demands like he is some fiscal God!

XCN, and other coins for that matter, do NOT need that sort of following, no matter how much money they have. This belittles the integrity of the coin, and the community behind it.

I for one will not stand for it, no matter who they think they are. As for the money, PFFFT! We could have done this MANY times over and disappeared making more money than Eddie is talking about, but we don't. None of us here do. PnD also? Come on! Eddie and his so called colleagues are gamblers, which is all good and well for what they do, but what he is talking about is something that can be done with ANY coin. So being 'upset' is not the point, standing up to someone that is a wolf dressed in sheeps clothing is. Standing up to someone that bangs his chest about how much money 'they' have and demand convincing as to why 'they' should spend their money in XCN and THEN pretend he was only asking a question to 'learn' is something I will not stand for.

That's all it is!

NO ONE can stop the PnD groups doing what they do until this regulated by the controlling governments of the countries, making PnD illegal like it is currently in the stock markets now. This is will not happen in Crypto, but I can assure you that this type person and personality is always detrimental to a coin and community, rather than an asset.

Always notice that ALL he talks about is price, and anything that needs to be 'learned' always reverts back to some fiscal agenda that he and his 'Thai people' have. learning about the tech? Not likely. Tech has nothing to do with price, nor does community help.

Now, back to work. The REAL work, unlike what Eddie is actually doing.

#crysx

[heropeter8]

I only can do that, if I believe in your currency.

So make me a believer.

Why is your currency better that dog/panda/... coin?

Make me a believer.

Why I must tell my Thai friends on bx, buy.

Or why I must tell myself, buy?

But never shoot the messenger of piano player.

In short: Cryptonite is the only truly scalable crypto currency out there.

Reasons:
1. Fixed size blockchain -> does NOT grow forever, can be capped at any size you like.
2. Secure 0-confirmation transactions thanks to withdrawal limits -> INSTANT transactions possible.
3. Auto-adjusting block size -> Theoretically unlimited transactions/s.

NO other coin out there claims to have this combination of features and stays true to the decentralized & open source philosophy of the original Bitcoin. If we take e.g. DASH. They do instant transactions but haven't solved the growing blockchain problem AND need to manage special "trusted" nodes to achieve this.

Please correct me if there is a coin that does it better - I haven't heard of it yet.

The only thing Crpytonite hasn't implemented yet is perfect privacy like e.g. Monero. But we have ideas for how to achieve that, too.

That's why I believe in it. If there's one coin that has the potential to become a real-world payment system, it's Cryptonite.
Granted, other coins are far ahead of us with respect to publicity & marketing but I believe that no matter the situation, in the long run the product with the most solid foundation will end up as the winner. No matter how good the marketing, if the technology is flawed, it will bring a project down sooner or later. Best example is Bitcoin itself. Set off as a replacement for world-wide currency, it is severely struggling to fulfill that role, despite its unbelieveable publicity and resources.

Thanks for sharing, listening to gnasirator's argument, let me know more about XCN from a technical point of view, also understand that the team and community people expect it, though it is inadvisable to buy XCN, but I chose to switch from speculative behavior to investment behavior

[gnasirator]

The information is all buried in the original homepage. Especially the wiki is very insightful.
I can also recommend the paper. It's all in there and easy to understand.

There are some interviews and videos around from the early days. They can help to get an overview, too.

https://www.digicent.org/wp-content/uploads/2017/11/Cryptonite-The-First-MiniBlockchain.pdf

https://www.digicent.org/wp-content/uploads/2017/11/Interview-With-The-Founder-of-Cryptonite.pdf

https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/172241105&color=%23ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true&visual=true

https://www.youtube.com/watch?v=Eb0sAmQD0Dk (made by the original inventor of Cryptonite, bitfreak himself)

[muf18]

So would anyone trade SLM-XCN 1:3 ratio?
Imo good, cause because SLM on exchanges are around 340-480sats, and XCN around 80sats.
Can help later with new website maybe.

Btw. How much would GTX 1060 mine today ? I don't have gpu cause it burned, but I'm wondering .

[durrrr]

XCN technical indicators are very good, but I don't understand why there is almost no other blockchain project using XCN technology, according to what I think, if the mini block used as side chain of BTC, may solve many problems, because it updates very fast, at any time as long as the new wallet, only need to update the 10k blocks.

[ilcapitano]

Eddy-Thailand
forgive me for i getting into your discussion.
If your friends like to take risks, they can make their own conclusion))
Now the coin has dark, difficult times, if now buy it - a risk.
When there is no risk, there will be a completely different situation and price.
But instead of risk, you want the opposite: you want the developer to convince you that there is no risk.
Do you understand the essence of the contradiction))?
Either there is a risk and a low price, or there is no risk and then the price is high (in fact, there is still a risk)
Good luck with the choice

Hence the core of what I was saying!

Thank you for clarifying that even further.

For the comment about WHY I got upset? I didn't get upset, just frustrated. Frustrated at those that come in ANY thread, let alone here, start banging their chests as if some finacials Gods and EXPECT people to 'convince' them why they should spend their money in here, or any coin project for that matter. The frustration spreads to other coins also, including the CWI-Coins we have. Who do these people think they are to do such things as we owe them an explanation and bow to our knees to beg them, and ultimately CONVINCE them that they should put their money into the network? There is WAY more than enough information to research, and if Eddie came here looking for answers, then as the right questions, not make demands like he is some fiscal God!

XCN, and other coins for that matter, do NOT need that sort of following, no matter how much money they have. This belittles the integrity of the coin, and the community behind it.

I for one will not stand for it, no matter who they think they are. As for the money, PFFFT! We could have done this MANY times over and disappeared making more money than Eddie is talking about, but we don't. None of us here do. PnD also? Come on! Eddie and his so called colleagues are gamblers, which is all good and well for what they do, but what he is talking about is something that can be done with ANY coin. So being 'upset' is not the point, standing up to someone that is a wolf dressed in sheeps clothing is. Standing up to someone that bangs his chest about how much money 'they' have and demand convincing as to why 'they' should spend their money in XCN and THEN pretend he was only asking a question to 'learn' is something I will not stand for.

That's all it is!

NO ONE can stop the PnD groups doing what they do until this regulated by the controlling governments of the countries, making PnD illegal like it is currently in the stock markets now. This is will not happen in Crypto, but I can assure you that this type person and personality is always detrimental to a coin and community, rather than an asset.

Always notice that ALL he talks about is price, and anything that needs to be 'learned' always reverts back to some fiscal agenda that he and his 'Thai people' have. learning about the tech? Not likely. Tech has nothing to do with price, nor does community help.

Now, back to work. The REAL work, unlike what Eddie is actually doing.

#crysx

The coins which based on Cryptonote algorithm are hard to be listed on exchange. It looks like that the one is not exception.

[scryptr]

The coins which based on Cryptonote algorithm are hard to be listed on exchange. It looks like that the one is not exception.

CRYPTONITE IS BASED ON THE M7 ALGORITHM--

The coin is not based on the CryptoNote algorithm.  It does have a similar name.  This has been a source of confusion, really.

CryptoNite has the mini-blockchain, a lightweight, rapidly-syncing wallet feature. This is a main strong point.       --scryptr

[muf18]

I finally download Cryptonite QT client.
It's syncing really fast.

Did you think about, some changes to code, to prove scalability?
Like variable block sizes. Or test it to at least 8-16MB ?
What version of Bitcoin is it based (seems newer like 0.1x).
It would make it scalable.
Then test it out in public and show.
I would really like some to buy from someone coins, the best would be trade for SLM (we can discuss rates), but if not I'll try with BTC/ETH.

I found 0.14 version so quite new.

[Sayman_nsk]

have a new pool or still only suprnova? 8gh network, someone mine in solo?

[chrysophylax]

The coins which based on Cryptonote algorithm are hard to be listed on exchange. It looks like that the one is not exception.

CRYPTONITE IS BASED ON THE M7 ALGORITHM--

The coin is not based on the CryptoNote algorithm.  It does have a similar name.  This has been a source of confusion, really.

CryptoNite has the mini-blockchain, a lightweight, rapidly-syncing wallet feature. This is a main strong point.       --scryptr

Yup!

What scryptr said

#crysx

[JustMe22]

Cryptonite is still in active development but we have some issues:

- difficulty in entering new exchanges now that some (where we have been historically strong) were closed (luckly, novaexchange seem to be headed for a relaunch).
- need to organise a rebranding or at least an update of the website and other information, but before investing in communication we should fix the previous point.
- my time is limited and I'd need support from community (which has been great till now): for a serious relaunch we need to work on the previous 2 points.

So well, things are progressing slowly but after 4 years we are still here with our innovative technology, which in part is still unique in the crypto world. And this is a proof that we are not a scam or P&D scheme like most of the other coins, which may have a lot of support but end up as worthless.

Thanks for your support.

Nice to hear that novaexchange.com is not closing anymore as I like to trade there and also is the best place for trading XCN at this moment.

[monsspir]

it seems this project is doomed !

[d5000]

For the comment about WHY I got upset? I didn't get upset, just frustrated. Frustrated at those that come in ANY thread, let alone here, start banging their chests as if some finacials Gods and EXPECT people to 'convince' them why they should spend their money in here, or any coin project for that matter. The frustration spreads to other coins also, including the CWI-Coins we have. Who do these people think they are to do such things as we owe them an explanation and bow to our knees to beg them, and ultimately CONVINCE them that they should put their money into the network? There is WAY more than enough information to research, and if Eddie came here looking for answers, then as the right questions, not make demands like he is some fiscal God!

I understand you partially, and I'm also a bit frustrated about the short-sighted and partly innovation-unfriendly(!) altcoin market, where shady and insignificant "partnerships" are seemingly worth more than real and problem-solving features.

The problem is that to be heard in the altcoin market with an innovative, but small (and financially not "rich") project, in my opinion, one must try to be a bit diplomatic and not only see other nerds as targets but also be a bit more open to some speculators. That does not mean to embrace PnD groups, but there is a segment of mid-to-long-term traders and investors that are in mainly for the money but also take into account "the technicals" of a coin and are, if they are convinced, likely to convert in happy "hodlers" (or even better: users) of the coin. I thought Eddy was one of this group, so I responded him. I may be wrong, but ... what do we lose if we convince him?

The way Bitcoin does it - it attracts a lot of speculative capital but stays innovative and decentralized - for me is the blueprint for how serious altcoins like XCN should try to communicate the benefits of their project.

Did you think about, some changes to code, to prove scalability?
Like variable block sizes. Or test it to at least 8-16MB ?

I mean to have read that Cryptonite has already an adaptive (and potentially unlimited?) block size. See this answer.

What version of Bitcoin is it based (seems newer like 0.1x).

I have tried to patch the client recently and it seems most of the code comes from BTC 0.9. There may be some newer backports.

[muf18]

Actually pallas fork is  0.9x code, but... what's interesting in help window show that:

Satoshi v0.1.4.0-ga9edea1-beta

So it seems it has some newer upgrade applicate for faster syncing, and running, as it seems (a lot of features from new version like window with downloaded headers/blocks with diagram),

[gnasirator]

I mean to have read that Cryptonite has already an adaptive (and potentially unlimited?) block size. See this answer.

That's correct, pallas has confirmed this from the source code.
I'm planning to do some tx spamming in main or test net to see how it scales up. I think all that needs is a bash script and a linux wallet plus a hand full of xcn.

[JustMe22]

it seems this project is doomed !

What makes you think this? You are so new in here that I doubt you know anything about this project.

[d5000]

it seems this project is doomed !

What makes you think this? You are so new in here that I doubt you know anything about this project.

Don't waste your time, this account is very likely a (account-farming/shilling/auto-bumping) bot   (check his or better 'its' few posts ...)

Maybe the Cryptonite developer has not paid for the associated shill campaign, and so their bots are spreading negativity and FUD here

@muf18: The faster syncing is caused by the mini-blockchain scheme, which is a genuine Cryptonite innovation, or do you mean another thing?

[muf18]

I mean other things apart from that - it seems it has optimalization from 0.1x branch of bitcoin core.

[y6uBaKa]

link https://btc-alpha.com/coin-listing/


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