Bitcoin Forum
November 23, 2017, 06:06:18 AM *
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 »  All
  Print  
Author Topic: [ANN] #3 [XUN] UltraNote is READY, Everyone is welcome to mine.  (Read 8888 times)
bewmint
Jr. Member
*
Offline Offline

Activity: 30


View Profile WWW
November 14, 2017, 05:14:37 AM
 #161

It will increase x10 per month.

Guys I noticed a bit of confusion and frustration in regards to the block rewards.

The bitcointalk post and the whitepaper says 150 blocks exceeding and then 150 constant

We need to make it clear guys and this is what I can tell you to make it as clear as possible for you.

The actual block reward is 150 coins per block
Our Lead developer has furthermore implemented a formula which would allow the blocks rewards to increase each month for the 1st 2 years and then go back down to 150 coins per block for the remaining 28 years.

So since it is an automated formula the blockchain will increase the rewards automatically during the first 2 years and then will adjust the rewards to 150 coins constant for the 28 remaining years. When will the block increase or by how much will it increase? We cannot say exactly since we do not control the blockchain and furthermore do not want anyone holding any tiny little details against us and expect a certain exact amount of coins per blocks at any given time.

The only thing I can say and I repeat ''I'' can say since I am writing this post based on my personal understanding from my discussion with the team is that the blocks rewards will increase each month for 2 years before going back to 150 coins for ever at the start of year 3.

this post holds as the clear and honest explanation I was able to get for you guys until further updates. If I am wrong in any case I will apologize and make sure the right updated information is communicated promptly.

I hope this is clear enough to ease the atmosphere around the subject.

Why we decided to do that? Simply because it is better to have a supply curve which adapts to mass adoption.
In the mid to long term we will have a more stable price as compared to a low price and then going up with some down moves. This way we expect price to be more stable or go up in a more linear way while the risk of going down is lower since supply will grow only if mining grows and users community grows.

Thank you very much again guys for your sincere and dedicate support.
XUN team is more very proud to be able to operate with such a supportive environment.
Cheers and Good luck everyone
XUN Team



Thank you for clarifying.  While we don't need to get into the technicalities of the block size growth, you still need to offer a rough sense of the growth.  For example, is it going to grow by 1.5x?  10x?  100x?

Think of it this way: would you invest in Bitcoin if you didn't know how many Bitcoin were going to be minted in the next 2 years?  What if someone told you the number of Bitcoin in the next two years would essentially be random, could be 2 million more minted, could be 20 million, could be 200 million.  Why would you invest in Bitcoin now, having no idea what the supply growth will be, which will surely affect the price by a lot?

In the same way, I have no idea how I can put my money or hash into XUN.  If the blocksize suddenly jumps to 15000 next month, I will feel super cheated if all my rigs were mining at the 150 blocksize.

Now I know you will probably respond that the change in supply will not be so dramatic as 100x.  But the problem is, you haven't really said anything yet about what it will be, you've just vaguely claimed there will be some growth.  So if you are sure it won't be 100x, you should be able to give us a rough sense of what it will be.

I understand you may not have more information now, so I eagerly await more as I think this is one of the best new CryptoNote coins out there, we just need to know what to expect as miners and investors Smiley
The rewards is 1500XUN for next month? So will wait to next month for mine the coin.
1511417178
Hero Member
*
Offline Offline

Posts: 1511417178

View Profile Personal Message (Offline)

Ignore
1511417178
Reply with quote  #2

1511417178
Report to moderator
There are several different types of Bitcoin clients. Hybrid server-assisted clients like Electrum get a lot of their network information from centralized servers, but they also check the server's results using blockchain header data. This is perhaps somewhat more secure than either server-assisted clients or header-only clients.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
johntwo
Newbie
*
Offline Offline

Activity: 28


View Profile
November 14, 2017, 05:47:56 AM
 #162

It will increase x10 per month.

Guys I noticed a bit of confusion and frustration in regards to the block rewards.

The bitcointalk post and the whitepaper says 150 blocks exceeding and then 150 constant

We need to make it clear guys and this is what I can tell you to make it as clear as possible for you.

The actual block reward is 150 coins per block
Our Lead developer has furthermore implemented a formula which would allow the blocks rewards to increase each month for the 1st 2 years and then go back down to 150 coins per block for the remaining 28 years.

So since it is an automated formula the blockchain will increase the rewards automatically during the first 2 years and then will adjust the rewards to 150 coins constant for the 28 remaining years. When will the block increase or by how much will it increase? We cannot say exactly since we do not control the blockchain and furthermore do not want anyone holding any tiny little details against us and expect a certain exact amount of coins per blocks at any given time.

The only thing I can say and I repeat ''I'' can say since I am writing this post based on my personal understanding from my discussion with the team is that the blocks rewards will increase each month for 2 years before going back to 150 coins for ever at the start of year 3.

this post holds as the clear and honest explanation I was able to get for you guys until further updates. If I am wrong in any case I will apologize and make sure the right updated information is communicated promptly.

I hope this is clear enough to ease the atmosphere around the subject.

Why we decided to do that? Simply because it is better to have a supply curve which adapts to mass adoption.
In the mid to long term we will have a more stable price as compared to a low price and then going up with some down moves. This way we expect price to be more stable or go up in a more linear way while the risk of going down is lower since supply will grow only if mining grows and users community grows.

Thank you very much again guys for your sincere and dedicate support.
XUN team is more very proud to be able to operate with such a supportive environment.
Cheers and Good luck everyone
XUN Team



Thank you for clarifying.  While we don't need to get into the technicalities of the block size growth, you still need to offer a rough sense of the growth.  For example, is it going to grow by 1.5x?  10x?  100x?

Think of it this way: would you invest in Bitcoin if you didn't know how many Bitcoin were going to be minted in the next 2 years?  What if someone told you the number of Bitcoin in the next two years would essentially be random, could be 2 million more minted, could be 20 million, could be 200 million.  Why would you invest in Bitcoin now, having no idea what the supply growth will be, which will surely affect the price by a lot?

In the same way, I have no idea how I can put my money or hash into XUN.  If the blocksize suddenly jumps to 15000 next month, I will feel super cheated if all my rigs were mining at the 150 blocksize.

Now I know you will probably respond that the change in supply will not be so dramatic as 100x.  But the problem is, you haven't really said anything yet about what it will be, you've just vaguely claimed there will be some growth.  So if you are sure it won't be 100x, you should be able to give us a rough sense of what it will be.

I understand you may not have more information now, so I eagerly await more as I think this is one of the best new CryptoNote coins out there, we just need to know what to expect as miners and investors Smiley
The rewards is 1500XUN for next month? So will wait to next month for mine the coin.

Why not wait until Jan, when it will be 15,000 reward per block?  Or Feb, when it will be 150,000 reward per block?
3dyx
Jr. Member
*
Offline Offline

Activity: 30


View Profile
November 14, 2017, 06:12:25 AM
 #163

nice gui wallet.

still waiting for exchange....
kraksaa
Newbie
*
Offline Offline

Activity: 12


View Profile
November 14, 2017, 08:18:36 AM
 #164

Hi guys
on frum myStellar.org posted a post promoting our XUN.
https://www.mystellar.org/thread-5540.html
Desp
Member
**
Offline Offline

Activity: 84


View Profile
November 14, 2017, 11:31:39 AM
 #165

Thank you for promoting XUN.
Please send me your address to send you a bounty for promoting.

Hi guys
on frum myStellar.org posted a post promoting our XUN.
https://www.mystellar.org/thread-5540.html

ULTRANOTE - PRIVACY AT YOUR FINGERTIPS
kraksaa
Newbie
*
Offline Offline

Activity: 12


View Profile
November 14, 2017, 05:18:55 PM
 #166

Thank you for promoting XUN.
Please send me your address to send you a bounty for promoting.

Hi guys
on frum myStellar.org posted a post promoting our XUN.
https://www.mystellar.org/thread-5540.html

My wallet: Xun3sEQYeJcNieUX7PndyYSzax2PxJNnkWU7Yy927eoSVwzxtZdpLPy3fT3oqJnUhYL9RVHraK6oT5e 5FZdvimwZ594gLXbYTv
Thank you dev
Desp
Member
**
Offline Offline

Activity: 84


View Profile
November 14, 2017, 06:29:32 PM
 #167

First UltraNote XUN Bounty campaign can be found here:

http://forum.ultranote.org/viewtopic.php?f=3&p=43#p43

ULTRANOTE - PRIVACY AT YOUR FINGERTIPS
Desp
Member
**
Offline Offline

Activity: 84


View Profile
November 14, 2017, 06:31:31 PM
 #168

You are welcome.
Sent your rewards.

Thank you for promoting XUN.
Please send me your address to send you a bounty for promoting.

Hi guys
on frum myStellar.org posted a post promoting our XUN.
https://www.mystellar.org/thread-5540.html

My wallet: Xun3sEQYeJcNieUX7PndyYSzax2PxJNnkWU7Yy927eoSVwzxtZdpLPy3fT3oqJnUhYL9RVHraK6oT5e 5FZdvimwZ594gLXbYTv
Thank you dev

ULTRANOTE - PRIVACY AT YOUR FINGERTIPS
ProxyMoxy
Newbie
*
Offline Offline

Activity: 28


View Profile
November 14, 2017, 06:54:32 PM
 #169

where can I read about bounty?
Desp
Member
**
Offline Offline

Activity: 84


View Profile
November 14, 2017, 07:03:20 PM
 #170

Here you can find the post: http://forum.ultranote.org/viewtopic.php?f=3&p=43

where can I read about bounty?

ULTRANOTE - PRIVACY AT YOUR FINGERTIPS
dryter88
Newbie
*
Offline Offline

Activity: 3


View Profile
November 15, 2017, 02:38:30 AM
 #171

Hello my Friend i active mine this altcoin, but i see it  Supply: 18447756570.83 XUN - its serios ? When mine  18 billions XUN or its premine? ITs realy not good to mine this coin , because price may be so low.
bitnetter
Member
**
Offline Offline

Activity: 98


View Profile
November 15, 2017, 05:20:45 AM
 #172

It will increase x10 per month.

Guys I noticed a bit of confusion and frustration in regards to the block rewards.

The bitcointalk post and the whitepaper says 150 blocks exceeding and then 150 constant

We need to make it clear guys and this is what I can tell you to make it as clear as possible for you.

The actual block reward is 150 coins per block
Our Lead developer has furthermore implemented a formula which would allow the blocks rewards to increase each month for the 1st 2 years and then go back down to 150 coins per block for the remaining 28 years.

So since it is an automated formula the blockchain will increase the rewards automatically during the first 2 years and then will adjust the rewards to 150 coins constant for the 28 remaining years. When will the block increase or by how much will it increase? We cannot say exactly since we do not control the blockchain and furthermore do not want anyone holding any tiny little details against us and expect a certain exact amount of coins per blocks at any given time.

The only thing I can say and I repeat ''I'' can say since I am writing this post based on my personal understanding from my discussion with the team is that the blocks rewards will increase each month for 2 years before going back to 150 coins for ever at the start of year 3.

this post holds as the clear and honest explanation I was able to get for you guys until further updates. If I am wrong in any case I will apologize and make sure the right updated information is communicated promptly.

I hope this is clear enough to ease the atmosphere around the subject.

Why we decided to do that? Simply because it is better to have a supply curve which adapts to mass adoption.
In the mid to long term we will have a more stable price as compared to a low price and then going up with some down moves. This way we expect price to be more stable or go up in a more linear way while the risk of going down is lower since supply will grow only if mining grows and users community grows.

Thank you very much again guys for your sincere and dedicate support.
XUN team is more very proud to be able to operate with such a supportive environment.
Cheers and Good luck everyone
XUN Team



Thank you for clarifying.  While we don't need to get into the technicalities of the block size growth, you still need to offer a rough sense of the growth.  For example, is it going to grow by 1.5x?  10x?  100x?

Think of it this way: would you invest in Bitcoin if you didn't know how many Bitcoin were going to be minted in the next 2 years?  What if someone told you the number of Bitcoin in the next two years would essentially be random, could be 2 million more minted, could be 20 million, could be 200 million.  Why would you invest in Bitcoin now, having no idea what the supply growth will be, which will surely affect the price by a lot?

In the same way, I have no idea how I can put my money or hash into XUN.  If the blocksize suddenly jumps to 15000 next month, I will feel super cheated if all my rigs were mining at the 150 blocksize.

Now I know you will probably respond that the change in supply will not be so dramatic as 100x.  But the problem is, you haven't really said anything yet about what it will be, you've just vaguely claimed there will be some growth.  So if you are sure it won't be 100x, you should be able to give us a rough sense of what it will be.

I understand you may not have more information now, so I eagerly await more as I think this is one of the best new CryptoNote coins out there, we just need to know what to expect as miners and investors Smiley

x10 per month? I think it's a bad idea, and the price will be very low in exchange.
bewmint
Jr. Member
*
Offline Offline

Activity: 30


View Profile WWW
November 15, 2017, 07:36:45 AM
 #173

It will increase x10 per month.

Guys I noticed a bit of confusion and frustration in regards to the block rewards.

The bitcointalk post and the whitepaper says 150 blocks exceeding and then 150 constant

We need to make it clear guys and this is what I can tell you to make it as clear as possible for you.

The actual block reward is 150 coins per block
Our Lead developer has furthermore implemented a formula which would allow the blocks rewards to increase each month for the 1st 2 years and then go back down to 150 coins per block for the remaining 28 years.

So since it is an automated formula the blockchain will increase the rewards automatically during the first 2 years and then will adjust the rewards to 150 coins constant for the 28 remaining years. When will the block increase or by how much will it increase? We cannot say exactly since we do not control the blockchain and furthermore do not want anyone holding any tiny little details against us and expect a certain exact amount of coins per blocks at any given time.

The only thing I can say and I repeat ''I'' can say since I am writing this post based on my personal understanding from my discussion with the team is that the blocks rewards will increase each month for 2 years before going back to 150 coins for ever at the start of year 3.

this post holds as the clear and honest explanation I was able to get for you guys until further updates. If I am wrong in any case I will apologize and make sure the right updated information is communicated promptly.

I hope this is clear enough to ease the atmosphere around the subject.

Why we decided to do that? Simply because it is better to have a supply curve which adapts to mass adoption.
In the mid to long term we will have a more stable price as compared to a low price and then going up with some down moves. This way we expect price to be more stable or go up in a more linear way while the risk of going down is lower since supply will grow only if mining grows and users community grows.

Thank you very much again guys for your sincere and dedicate support.
XUN team is more very proud to be able to operate with such a supportive environment.
Cheers and Good luck everyone
XUN Team



Thank you for clarifying.  While we don't need to get into the technicalities of the block size growth, you still need to offer a rough sense of the growth.  For example, is it going to grow by 1.5x?  10x?  100x?

Think of it this way: would you invest in Bitcoin if you didn't know how many Bitcoin were going to be minted in the next 2 years?  What if someone told you the number of Bitcoin in the next two years would essentially be random, could be 2 million more minted, could be 20 million, could be 200 million.  Why would you invest in Bitcoin now, having no idea what the supply growth will be, which will surely affect the price by a lot?

In the same way, I have no idea how I can put my money or hash into XUN.  If the blocksize suddenly jumps to 15000 next month, I will feel super cheated if all my rigs were mining at the 150 blocksize.

Now I know you will probably respond that the change in supply will not be so dramatic as 100x.  But the problem is, you haven't really said anything yet about what it will be, you've just vaguely claimed there will be some growth.  So if you are sure it won't be 100x, you should be able to give us a rough sense of what it will be.

I understand you may not have more information now, so I eagerly await more as I think this is one of the best new CryptoNote coins out there, we just need to know what to expect as miners and investors Smiley

x10 per month? I think it's a bad idea, and the price will be very low in exchange.

Yeah I agree with you I think 150XUN per block it's good for invest and make price better.
kraksaa
Newbie
*
Offline Offline

Activity: 12


View Profile
November 15, 2017, 09:13:46 AM
 #174

First UltraNote XUN Bounty campaign can be found here:

http://forum.ultranote.org/viewtopic.php?f=3&p=43#p43

Dev,
Thanks You  for the bounty
poNgz0r
Newbie
*
Offline Offline

Activity: 29


View Profile
November 15, 2017, 09:39:20 AM
 #175

I did the bounty on twitter and facebook too!
Desp
Member
**
Offline Offline

Activity: 84


View Profile
November 15, 2017, 03:36:24 PM
 #176

I did the bounty on twitter and facebook too!

Thank you Smiley

ULTRANOTE - PRIVACY AT YOUR FINGERTIPS
johntwo
Newbie
*
Offline Offline

Activity: 28


View Profile
November 15, 2017, 07:57:50 PM
 #177

Hello my Friend i active mine this altcoin, but i see it  Supply: 18447756570.83 XUN - its serios ? When mine  18 billions XUN or its premine? ITs realy not good to mine this coin , because price may be so low.

It is 18 billion XUN pre-mine, but pre-mine is quite small.  Block reward size is going up by 10x per month.  So in July 2018, each block will be 15 billion XUN.  Thus, pre-mine is less than two blocks in July.

In September 2018, each block will be 1.5 trillion XUN.  So pre-mine is very small.

There are 21600 blocks per month (2 mins/block, 720 blocks/day).  So even though only 21600 * 150 = 3,240,000  XUN will be created this month, in March  the block reward will be 1,500,000, so 32,400,000,000 XUN will be generated in March.

See?  No need to worry about the pre-mine.
raven1322
Full Member
***
Offline Offline

Activity: 136


View Profile
November 16, 2017, 06:34:37 AM
 #178

Hello my Friend i active mine this altcoin, but i see it  Supply: 18447756570.83 XUN - its serios ? When mine  18 billions XUN or its premine? ITs realy not good to mine this coin , because price may be so low.

It is 18 billion XUN pre-mine, but pre-mine is quite small.  Block reward size is going up by 10x per month.  So in July 2018, each block will be 15 billion XUN.  Thus, pre-mine is less than two blocks in July.

In September 2018, each block will be 1.5 trillion XUN.  So pre-mine is very small.

There are 21600 blocks per month (2 mins/block, 720 blocks/day).  So even though only 21600 * 150 = 3,240,000  XUN will be created this month, in March  the block reward will be 1,500,000, so 32,400,000,000 XUN will be generated in March.

See?  No need to worry about the pre-mine.

gonna state the obvious here. i smell a hint of sarcasm right? after all, there will "only" be a total of 85B XUN supply. though i understand that you were just taking the dev's word for it when he said that the growth is 10x per month, which i think is not correct. do the math fella's.

bitnetter
Member
**
Offline Offline

Activity: 98


View Profile
November 16, 2017, 06:48:45 AM
 #179

Hello my Friend i active mine this altcoin, but i see it  Supply: 18447756570.83 XUN - its serios ? When mine  18 billions XUN or its premine? ITs realy not good to mine this coin , because price may be so low.

It is 18 billion XUN pre-mine, but pre-mine is quite small.  Block reward size is going up by 10x per month.  So in July 2018, each block will be 15 billion XUN.  Thus, pre-mine is less than two blocks in July.

In September 2018, each block will be 1.5 trillion XUN.  So pre-mine is very small.

There are 21600 blocks per month (2 mins/block, 720 blocks/day).  So even though only 21600 * 150 = 3,240,000  XUN will be created this month, in March  the block reward will be 1,500,000, so 32,400,000,000 XUN will be generated in March.

See?  No need to worry about the pre-mine.

sarcasm  Tongue
johntwo
Newbie
*
Offline Offline

Activity: 28


View Profile
November 16, 2017, 09:21:44 AM
 #180

Hello my Friend i active mine this altcoin, but i see it  Supply: 18447756570.83 XUN - its serios ? When mine  18 billions XUN or its premine? ITs realy not good to mine this coin , because price may be so low.

It is 18 billion XUN pre-mine, but pre-mine is quite small.  Block reward size is going up by 10x per month.  So in July 2018, each block will be 15 billion XUN.  Thus, pre-mine is less than two blocks in July.

In September 2018, each block will be 1.5 trillion XUN.  So pre-mine is very small.

There are 21600 blocks per month (2 mins/block, 720 blocks/day).  So even though only 21600 * 150 = 3,240,000  XUN will be created this month, in March  the block reward will be 1,500,000, so 32,400,000,000 XUN will be generated in March.

See?  No need to worry about the pre-mine.

gonna state the obvious here. i smell a hint of sarcasm right? after all, there will "only" be a total of 85B XUN supply. though i understand that you were just taking the dev's word for it when he said that the growth is 10x per month, which i think is not correct. do the math fella's.

I would ask why the dev saying the max supply is 85B XUN is more or less believable than the dev saying the supply will 10x per month.  The fact that you have to choose one or the other proves what is actually my point: the devs refuse to provide correct and consistent information about the coin supply.  How am I supposed to invest long-term in a coin when at one point the dev says the max supply is 85 Billion, then at another point suggests the block reward will 10x per month, meaning the reward will be 1.5 trillion/block in September?
Pages: « 1 2 3 4 5 6 7 8 [9] 10 11 12 13 »  All
  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!