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Author Topic: [PoS+PoW] eXocoin [EXO]-gen 2.0- dev. from scratch! Give-Away | Open Beta  (Read 415096 times)
Mario123
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February 23, 2014, 04:08:22 PM
 #681

Regarding the whitepaper:

We can see some nice characteristics of the coin (and features of the client. not that important right now).
But it seems to me you want to make everybody happy. That makes me skeptic. Instead of having a "jack of all trades device" coin (eierlegende Wollmilchsau), I would prefer to have (mathematical) proofs of less features instead of the many assumptions, which appeared in this whitepaper.

If you can deliver, then everything is fine.

btw, why the need for a calculated eXocoin-network time? Didn't get that...

Quote
The wider eXocoin spreads the higher is the chance that this project is going to be a success
Remember your words when changing the IPO.

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rramires
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February 23, 2014, 04:14:53 PM
 #682

It would be interesting to put some options for voting, all the initial investors are paying, are entitled to vote. Could be a poll on the site, for those who invested to vote.
 1 My suggestion is to take 5% of mail and increase to 20% for early investors.  It would be fairer, 20,000,000 / ~ 180BTC = 111,111 exo
Other options:
 2 Do not tamper with the mining and make just one more round of 15%
Or
 3 Make just one more round of 25% maximum, taking maximum 10% of mining not to hinder the distribution.

I like options 1 and 2
Scott J
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February 23, 2014, 04:23:07 PM
 #683

I agree with the idea to vote on this - the devs should come up with a few options they are happy with and then let the investors decide.
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February 23, 2014, 04:24:15 PM
 #684

I think that everything should be made according to initial plans and distribution announce. This will make the best launch ever. I hate when rules are changing on the wing. I participated in early-birds investment round and I did foreseen all the risks associated with it, including the possible advantage of the second round investment.

+1 except I'm far away from foreseeing all risks associated with it

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Raist
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February 23, 2014, 04:26:31 PM
 #685

Let me make it simple:
1 stage investors want to cut other 2-3 stage, email stage and mining.
Those who have good mining equipment care only about price of the coin.
Those who intend to join 2-3 stages do not want to change the %, but not against of closing email giveaway and mining at all.
All investors generally will not riot if mining is forbidden at all Grin.

It is up to the coin devs. Also those who are making the strategical decisions are the real owners. So if devs will decide to make a cut in a favor of 1 stage investors, latter must be consider owners (that is not bad but in this case they must organize themselves). All imo.
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February 23, 2014, 04:26:56 PM
Last edit: February 23, 2014, 05:11:31 PM by flowerpots
 #686

About the mining part of the wallpaper:

The mining algorithm does have a second great advantage for all miners:
The more hashpower you have the faster you will submit a valid result. Let’s say you can get a result
in 2 minutes. The other 8 minutes till the next block start you cannot calculate anything more – you
are done. You will have about 75% less power consumption from your graphic card (!)
This is not an on-top feature – it is a result of the algorithm itself.


What's the use of getting more hashpower if you can only save electricty? I don't get this point. Maybe I misunderstand.. let's take my example:

Let's say 1 kh/s is needed for 1 result in 10 minutes (on average).

If someone with 10 kh/s is mining he will probably be done after +/- 1 minute. And his precious mining power will not be used for 9 minutes. In that way it is better to have 10 different nodes of 1 kh/s because he has chance of getting 10 results.

Correct me if I'm wrong, but I think this way more concentrated hashpower means less results then divided hashpower.

EDIT:

The content of the solved block will be distributed between all valid results. The earlier a node submitted a result the more he will get from that block proportionally.


Didn't read that in the whitepaper. I actually think it's a really great idea.. although I have to calculate it to find out how it would actually work.

Mario123
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February 23, 2014, 04:28:00 PM
 #687

As i stated before, the 10% mail proportion is strange. But all the talk about changing the IPO in this thread is so.... come on guys, relax and enjoy the ride. Don't get too greedy.

And talk about the whitepaper, please.

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February 23, 2014, 04:34:17 PM
 #688


hey you know what. there is no real reason for you to need to prove anything since there is no economic incentive for you to want to fraudulently switch transactions with someone else who sent the exact same amount as you Cheesy

spreadsheet updated

hi Anon136
I think I also made the same mistake Embarrassed

I also sent 0.21 BTC to 1CdK3k3kgyn8rhhUihcF1ZpFmwmzFLai6Y at 19:18:39 2014-02-21
tx id:80332b994e01066fd994f4b2fbe517db2564a083f5aaf7839ab163068d79dde4
https://bitcointalk.org/index.php?topic=430467.msg5291450#msg5291450

 Can spreadsheet updated at present?
iGoodw1n
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February 23, 2014, 04:35:34 PM
 #689

% is not best way, because we don't know how many people will be in each stage. Why not just set price for eXo for different stages and email giveaway. For example for early bird 100,000 eXo for 1btc, second stage 60,000 eXo for 1btc, 30,000 for 3 stage. For each email 100 eXo.

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February 23, 2014, 04:41:02 PM
 #690

Fair distribution means different ways to get initial eXocoin.
Miners can mine.
Investor can invest.
Sceptical can give email.


 
 
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twistelaar
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February 23, 2014, 04:47:44 PM
 #691

I agree with the idea to vote on this - the devs should come up with a few options they are happy with and then let the investors decide.

+1 totally agree with this solution.
riceberry
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February 23, 2014, 04:50:22 PM
 #692

I think it should be boosted but not too much, and maybe email less than bounties for example:



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February 23, 2014, 04:53:27 PM
 #693

The devs never expected that the IPO first stage would atrract so many investors and BTC. Otherwise they had made another construction for the investors, because of the escrow service of Anon a lot of people felled confident enough to take the risk.

My suggestion is still:

Skip the email give away, skip the superblock, skip the third round, shrink the mining with 20% and add all of this to the first and second round investments. With 170 btc investments, ONLY IN THE FIRST ROUND, and the second round has to come yet, that would be fair against all the investors, because the investors are the ones that are taking the biggest risk here.
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February 23, 2014, 04:59:40 PM
 #694

about the white paper, i thought what about:
asset exchange/smart property?
with exchange of btc<->exo, eventually other currencies?
Raist
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February 23, 2014, 05:12:41 PM
 #695

Everything sounds reasonable. My suggestion will be - quit everything except 1 stage investors. It will be honest - really they took a risk. But please do not talk any more about "fair distribution" and such shit. Can be good coin, with successful ipo (it is already an achievement), nothing more nothing less.   
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February 23, 2014, 05:15:16 PM
 #696

The implementation of RSA over Curve25519 (per the whitepaper) is questionable...

http://news.cnet.com/8301-1009_3-57616205-83/security-firm-rsa-took-millions-from-nsa-report/

http://spectrum.ieee.org/tech-talk/computing/it/rsa-flaw-found
BitzMD
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February 23, 2014, 05:28:21 PM
 #697

anyone care to speculate the coin's price at launch

marcus03
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February 23, 2014, 05:38:03 PM
 #698

anyone care to speculate the coin's price at launch

Zero. No sellers - no buyers. If you want to speculate, speculate about the price in 6 or 12 months.
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February 23, 2014, 05:38:13 PM
 #699

The implementation of RSA over Curve25519 (per the whitepaper) is questionable...

http://news.cnet.com/8301-1009_3-57616205-83/security-firm-rsa-took-millions-from-nsa-report/

You are confusing RSA, the public-private key cryptography, which is a well known public domain algorithm, with rsa the name of a company.




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February 23, 2014, 05:41:51 PM
 #700

The implementation of RSA over Curve25519 (per the whitepaper) is questionable...

http://news.cnet.com/8301-1009_3-57616205-83/security-firm-rsa-took-millions-from-nsa-report/

You are confusing RSA, the public-private key cryptography, which is a well known public domain algorithm, with rsa the name of a company.


Being a backdoor or not, it can be avoided by choosing a good random number generator:

http://www.wired.com/threatlevel/2013/09/nsa-backdoor/all/

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