Bitcoin Forum
November 22, 2017, 09:06:16 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 [38] 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 »
  Print  
Author Topic: 🚀 [ANN] ColossusCoinXT COLX - Coin Swap - Fair Launch, no ICO/ IPO! 🚀 Released  (Read 43000 times)
cryptocan
Full Member
***
Offline Offline

Activity: 121


View Profile
October 03, 2017, 08:42:18 PM
 #741

it seems all of the weak hands already sold, the price is increasing Smiley
1511384776
Hero Member
*
Offline Offline

Posts: 1511384776

View Profile Personal Message (Offline)

Ignore
1511384776
Reply with quote  #2

1511384776
Report to moderator
1511384776
Hero Member
*
Offline Offline

Posts: 1511384776

View Profile Personal Message (Offline)

Ignore
1511384776
Reply with quote  #2

1511384776
Report to moderator
1511384776
Hero Member
*
Offline Offline

Posts: 1511384776

View Profile Personal Message (Offline)

Ignore
1511384776
Reply with quote  #2

1511384776
Report to moderator
Join ICO Now Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511384776
Hero Member
*
Offline Offline

Posts: 1511384776

View Profile Personal Message (Offline)

Ignore
1511384776
Reply with quote  #2

1511384776
Report to moderator
1511384776
Hero Member
*
Offline Offline

Posts: 1511384776

View Profile Personal Message (Offline)

Ignore
1511384776
Reply with quote  #2

1511384776
Report to moderator
1511384776
Hero Member
*
Offline Offline

Posts: 1511384776

View Profile Personal Message (Offline)

Ignore
1511384776
Reply with quote  #2

1511384776
Report to moderator
Mr.Brightside
Member
**
Offline Offline

Activity: 70


View Profile
October 03, 2017, 08:59:32 PM
 #742

Is there going to be a burning of extra coins? I wonder what the max supply with be?

nathamos
Newbie
*
Offline Offline

Activity: 24


View Profile
October 03, 2017, 10:53:43 PM
 #743

Is there going to be a burning of extra coins? I wonder what the max supply with be?

Someone correct me if I'm wrong but the guesstimate for the total amount of COLX that will be swapped is 3.6 billion.

There was 12 billion in the premine to cover the maximum possible amount that could potentially be swapped.

So we could be looking at a 70% burn of the premine...!

Barbosa56
Full Member
***
Offline Offline

Activity: 138


View Profile
October 03, 2017, 11:06:43 PM
 #744

COLX will adopt zerocoin anonymous protocol?

>>>  https://twitter.com/Counter5612 <<<
16cLdfK6WB6SUx5SgeArtpndxK7ZsiP9fq
Oceat
Sr. Member
****
Offline Offline

Activity: 420


Bountie- Do You Have Game?


View Profile
October 03, 2017, 11:37:44 PM
 #745

Nice project great team, i hope you can get a lot of investors to become successful in the future.

nathamos
Newbie
*
Offline Offline

Activity: 24


View Profile
October 04, 2017, 02:01:12 AM
 #746

Some thoughts on COLX masternodes?

Note that the assumption that the swap will end with a total supply of 3,600,000,000 COLX is a guesstimate, it could end up being way different.

PIVX:
  • Circulating supply  =  54,413,888
  • Masternode requirement = 10,000
  • Maximum potential masternodes = 5,441
  • Current masternode count = 2200 (approx 40% of total supply)

COLX:
  • Circulating supply after swap  =  3,600,000,000
  • Masternode requirement = 10,000,000
  • Maximum potential masternodes = 360
  • Current masternode count = 20 (approx.)

If 40% of COLX gets locked up in masternodes the same as PIVX we're looking at only 145 masternodes which would give COLX a weak centralised network compared to PIVX.

However, if the masternode requirement was changed to 750,000 we'd have a scenario much closer to PIVX's current state:
  • Circulating supply after swap  =  3,600,000,000
  • Masternode requirement = 750,000
  • Maximum potential masternodes = 4,800
  • Estimated masternode count (40% of total supply) = 1,940

Masternodes need to be affordable in the medium term for COLX to be successful.

Obviously we're months away from the end of the swap but discussion on fundamental change like this should start sooner rather than later.
CrunchyCrypto
Jr. Member
*
Offline Offline

Activity: 32


View Profile
October 04, 2017, 03:53:04 AM
 #747


...

COLX:
  • Circulating supply after swap  =  3,600,000,000
  • Masternode requirement = 10,000,000
  • Maximum potential masternodes = 360
  • Current masternode count = 20 (approx.)

If 40% of COLX gets locked up in masternodes the same as PIVX we're looking at only 145 masternodes which would give COLX a weak centralised network compared to PIVX.

However, if the masternode requirement was changed to 750,000 we'd have a scenario much closer to PIVX's current state

...
Obviously we're months away from the end of the swap but discussion on fundamental change like this should start sooner rather than later.

Thank you for that.

Burning that many coins would be nice for COLX price development but personally I think we shouldn't be stealing funds from our own community at all. OR we should vote about it (and only burn a percentage accordingly).

Indeed, masternode prices would be way off after a burn. The current max of about 1000 masternodes is on the low side already. Definitely something that should be looked into, thanks again.
nathamos
Newbie
*
Offline Offline

Activity: 24


View Profile
October 04, 2017, 04:17:50 AM
 #748

Burning that many coins would be nice for COLX price development but personally I think we shouldn't be stealing funds from our own community at all. OR we should vote about it (and only burn a percentage accordingly).

From page 1:
Unswapped coins: Once the swap is completed in 3 months all excess ColossusCoinXT unclaimed coins will be destroyed by Nova Exchange(*)
and no more CV2 Coins will be accepted.
*: Reserve 5% for initial funding of services and to get added to Bigger Exchanges (such as Bittrex.com).
For that purpose we will be selling COLX Masternodes to larger Investors.


So the current plan is to burn 95% of the unswapped coins at the end of the swap period.

If 3.6 billion COLX are distributed then 8.4 billion would remain.

5% of 8.4 billion is 420 million, or 42 masternodes worth with the current requirements.

Deflating the COLX economy is NOT stealing funds from the community, its quite the opposite!

It is also an AMAZING marketing opportunity.

Agree that whatever happens need to be decided by the community. Fortunately COLX has consensus tools we can lever out of the box.
CrunchyCrypto
Jr. Member
*
Offline Offline

Activity: 32


View Profile
October 04, 2017, 09:49:40 AM
 #749

Deflating the COLX economy is NOT stealing funds from the community, its quite the opposite!

People holding CV2 are still part of our community. It's the same coin, just an older implementation of it, and that's not their fault.
People should not be forced to check up on their coins every 3 months to prevent those coins from being destroyed. They paid real money for their CV2, and at 4 sats, that's still about 1.2 million dollars we're talking about.

The way we deal with CV2 will be an example for how we deal with COLX in the future. Destroying CV2 will also destroy trust in COLX, and dealing with CV2 it in a decent matter will also make COLX a trustworthy and valuable coin.

I don't want you to open your COLX wallet two years from now, expecting lots and lots of value, only to find out that your coins were replaced by some new "COLX2" coin and your value distributed amongst other people. I'm sure you would be pretty upset and angry if that happend. So let's not do that now either.
hasteee
Member
**
Offline Offline

Activity: 70


View Profile
October 04, 2017, 10:09:53 AM
 #750

Updated COLX Slack invite link: https://colossuscoinxt.herokuapp.com/

Should see less pesky scammers now!
nathamos
Newbie
*
Offline Offline

Activity: 24


View Profile
October 04, 2017, 10:41:17 AM
 #751

People holding CV2 are still part of our community. It's the same coin, just an older implementation of it, and that's not their fault.
People should not be forced to check up on their coins every 3 months to prevent those coins from being destroyed. They paid real money for their CV2, and at 4 sats, that's still about 1.2 million dollars we're talking about.

The way we deal with CV2 will be an example for how we deal with COLX in the future. Destroying CV2 will also destroy trust in COLX, and dealing with CV2 it in a decent matter will also make COLX a trustworthy and valuable coin.

I don't want you to open your COLX wallet two years from now, expecting lots and lots of value, only to find out that your coins were replaced by some new "COLX2" coin and your value distributed amongst other people. I'm sure you would be pretty upset and angry if that happend. So let's not do that now either.

I hear you but it is a two way street.

Holders have at least half of the burden of keeping up to speed with their portfolios. This includes planning for situations where they may not be able to take action themselves.

The risks that come with having a huge pile of COLX sitting around waiting for a small inactive component of the community to get their acts together is significant.

The crypto community will not trust COLX until the leftovers from the swap are proven burnt, we've already seen FUD from this starting earlier in the thread.
CrunchyCrypto
Jr. Member
*
Offline Offline

Activity: 32


View Profile
October 04, 2017, 11:04:53 AM
 #752

People holding CV2 are still part of our community. It's the same coin, just an older implementation of it, and that's not their fault.
People should not be forced to check up on their coins every 3 months to prevent those coins from being destroyed. They paid real money for their CV2, and at 4 sats, that's still about 1.2 million dollars we're talking about.

The way we deal with CV2 will be an example for how we deal with COLX in the future. Destroying CV2 will also destroy trust in COLX, and dealing with CV2 it in a decent matter will also make COLX a trustworthy and valuable coin.

I don't want you to open your COLX wallet two years from now, expecting lots and lots of value, only to find out that your coins were replaced by some new "COLX2" coin and your value distributed amongst other people. I'm sure you would be pretty upset and angry if that happend. So let's not do that now either.

I hear you but it is a two way street.

Holders have at least half of the burden of keeping up to speed with their portfolios. This includes planning for situations where they may not be able to take action themselves.

The risks that come with having a huge pile of COLX sitting around waiting for a small inactive component of the community to get their acts together is significant.

The crypto community will not trust COLX until the leftovers from the swap are proven burnt, we've already seen FUD from this starting earlier in the thread.

If by the 'small inactive component of the community' you mean the people that haven't swapped yet... so far that turns out the be a big majority, not a minority.
But yes, there are good arguments to both sides of the story, so maybe this will be a good subject to vote on in the end and burn coins accordingly.
easyrimka
Full Member
***
Offline Offline

Activity: 196


Blocklancer Freelance on the Blockchain


View Profile
October 04, 2017, 11:05:37 AM
 #753

did my swap, all went well !

klimauk
Member
**
Offline Offline

Activity: 109

Crypto maniac - HODL


View Profile
October 04, 2017, 11:18:55 AM
 #754

Can someone who got sync wallet, zip the folders /blocks and /chainstate and share to community? Put it to mega.nz and share the link.
What is the point to wait for anything, we are community of this coin and we should help each other, right? Or not?

█▀▀▄  █  ▄▀▀▄  ▄▀▀▀  █   ▄   █          ▄▀▄    █▄    █  ▄▀▀▀  █▀▀▀  █▀▀▄       ▀▄   ▀▄   ▀▄                         Freelance on the Blockchain                         ▄▀   ▄▀   ▄▀              [ Twitter ]
█  █    █  █    █  █        █▄▀    █        █▄▄▄█  █  ▀▄█  █        █▄▄    █▄▄▀          █     █     █      The first Decentralized Autonomous Job market (DAJ)     █     █     █               [ Facebook ]
█▄▄▀  █  ▀▄▄▀  ▀▄▄▄  █  ▀▄  █▄▄▄  █      █  █      █  ▀▄▄▄  █▄▄▄  █    █       ▄▀   ▄▀   ▄▀                         VISIT US!  |  JOIN BOUNTY!                         ▀▄   ▀▄   ▀▄        [ Announcement
nathamos
Newbie
*
Offline Offline

Activity: 24


View Profile
October 04, 2017, 11:27:11 AM
 #755

If by the 'small inactive component of the community' you mean the people that haven't swapped yet... so far that turns out the be a big majority, not a minority.

Nope, only referring to those who fail to swap within the three months the swap will be running for.

There was some rough analysis on this earlier:


... its highly anticipated a huge portion of the supply will be burned by nova as there was only 7.2b active coins including the CV2 dev fund = 3.6b COLX.  That being said theres still a chance someone will see this thread and be like OH WAIT I HAVE THAT WALLET DATA! 

However through the block explorer that was the rough estimate where coins had been moved or had staked in the last 6 months --- Some of which are now gone forever i.e. cryptopia, soon to be yobit.

Side note given that 3b coins have swapped currently -- And given that there is 180m COLX on the order books, as well as 600m CV2 left on the order books -- The swap may be significantly smaller.
 

According to Nova there has been 8.04 billion CV2 swapped for 4.02 billion COLX... maybe Mrbates could revisit his analysis now the swap is underway.
CrunchyCrypto
Jr. Member
*
Offline Offline

Activity: 32


View Profile
October 04, 2017, 01:02:48 PM
 #756

Can someone who got sync wallet....
All wallets are the same. We're all on 10124.
We'll need some intervention from the dev. He's working on it.
imranq
Newbie
*
Offline Offline

Activity: 21


View Profile
October 04, 2017, 03:03:57 PM
 #757

Same here. It's stuck on 10124.

Dev please fix.

▬▬▬ RootProje (https://rootproject.co/)
DigiWarfare
Newbie
*
Offline Offline

Activity: 11


View Profile
October 04, 2017, 04:45:20 PM
 #758

So here we are once again. Block chain is not moving 10124, there is no staking, and no word from the devs. Sigh. This concerns me greatly as an investor into this coin. All the promises and hype were broken and let downs. Is it too much to ask that the dev comes one here and tells us what the issue is? How long to get it fixed? I do not think these things should be just let go to fester and upset people who spent btc to buy this coin.

I dont know how these dev's think that the silence is a good thing? I saw someone who was going to invest alot of btc in this coin walk away. When they looked at the issues, and seen the no response from the dev, they simply said.. "This will go bad" and walked.. 20 BTC they had. Devs are you hearing this? Major investors do not want to touch this coin because of your lack of ability to simply let people know whats going on... That completly infuriates me...
Hangterisaan
Sr. Member
****
Offline Offline

Activity: 377


View Profile
October 04, 2017, 05:12:37 PM
 #759

So here we are once again. Block chain is not moving 10124, there is no staking, and no word from the devs. Sigh. This concerns me greatly as an investor into this coin. All the promises and hype were broken and let downs. Is it too much to ask that the dev comes one here and tells us what the issue is? How long to get it fixed? I do not think these things should be just let go to fester and upset people who spent btc to buy this coin.

I dont know how these dev's think that the silence is a good thing? I saw someone who was going to invest alot of btc in this coin walk away. When they looked at the issues, and seen the no response from the dev, they simply said.. "This will go bad" and walked.. 20 BTC they had. Devs are you hearing this? Major investors do not want to touch this coin because of your lack of ability to simply let people know whats going on... That completly infuriates me...

Totally normal according to devs, everything is working just fine. Common thing on a POS coin they say lol. Maybe this is why this never happens to any POS coin. Ever.

10.331.250 COLX was mined more than 7 days ago (not counting the premine). So none of those are in wallets that are open?

Rumhurius
Legendary
*
Offline Offline

Activity: 1148


i must say no


View Profile
October 04, 2017, 05:24:22 PM
 #760

one day we will look back n laugh.
take it easy bois
 Grin

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 [38] 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!