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Author Topic: Idena is the first Proof-of-Person Blockchain  (Read 34130 times)
slavo
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December 16, 2019, 06:23:03 PM
Last edit: December 17, 2019, 03:40:18 PM by slavo
 #121

fun coin, too much inflation, too much premine glhf
PLAY NOW
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botija
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December 16, 2019, 06:28:48 PM
 #122

So this basically requires a KYC in order to mine?
aleix
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December 16, 2019, 06:30:57 PM
 #123

So this basically requires a KYC in order to mine?

No, no KYC. Yo need to prove that you are human by doing something an AI can't do. That's all.

That's the beauty of it.


https://idena.io/
https://idena.io/?view=faq

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lemonandfriesonetwo
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December 16, 2019, 07:25:22 PM
 #124

So this basically requires a KYC in order to mine?

No, no KYC. Yo need to prove that you are human by doing something an AI can't do. That's all.

That's the beauty of it.


https://idena.io/
https://idena.io/?view=faq

That and an invitation from someone already in the network. This is a good concept.  Cool
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December 17, 2019, 09:40:33 AM
 #125

So this basically requires a KYC in order to mine?

No, no KYC. Yo need to prove that you are human by doing something an AI can't do. That's all.

That's the beauty of it.


https://idena.io/
https://idena.io/?view=faq

That and an invitation from someone already in the network. This is a good concept.  Cool

Its a good way to prevent sybil attacks and let the network grow slowly. Senior participants have only 1 invite per round, and some of the invites you give are not validated. So we are growing super slowly.
Overall the system is quite nice. And is something new! i'm so bored of the same ideas again and again in the crypto - altcoin space.

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Tytanowy Janusz
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December 17, 2019, 01:43:46 PM
Last edit: December 17, 2019, 02:08:03 PM by Tytanowy Janusz
 #126

Its a good way to prevent sybil attacks and let the network grow slowly. Senior participants have only 1 invite per round, and some of the invites you give are not validated. So we are growing super slowly.
Overall the system is quite nice. And is something new! i'm so bored of the same ideas again and again in the crypto - altcoin space.



 https://scan.idena.io/rewards?epoch=26#rewards
 https://scan.idena.io/identity?identity=0xcbb98843270812eeCE07BFb82d26b4881a33aA91
In fact there is one person who invites more than 1 person per validation. Only during this epoch he received reward for 12 successful invitations.

Don't you think that 36 million coins from premint is enough? Could dev team let this network grow organic? 12k coins out of 41 472 (51 840 * 5 * 0,16) that was intended for rewards for successful invitations. That's 30% for dev member who give invitation code for everyone who ask on telegram. He does not even care to who he throws them because he has no limits. I have to examine every person to make sure he will not waste my invitation because i have only 1. If you think that network will grow too slow than give us 2 invitations per epoch instead of letting one person grab 30% of rewards.

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★ ‎
‎ ★
UP
TO
15%...CASH BACK
EVERY SPIN

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aleix
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December 17, 2019, 02:17:12 PM
 #127

Its a good way to prevent sybil attacks and let the network grow slowly. Senior participants have only 1 invite per round, and some of the invites you give are not validated. So we are growing super slowly.
Overall the system is quite nice. And is something new! i'm so bored of the same ideas again and again in the crypto - altcoin space.



 https://scan.idena.io/rewards?epoch=26#rewards
 https://scan.idena.io/identity?identity=0xcbb98843270812eeCE07BFb82d26b4881a33aA91
In fact there is one person who invites more than 1 person per validation. Only during this epoch he received reward for 12 successful invitations.

Don't you think that 36 million coins from premint is enough? Could dev team let this network grow organic? 12k coins out of 41 472 (51 840 * 5 * 0,16) that was intended for rewards for successful invitations. That's 30% for dev member who give invitation code for everyone who ask on telegram. He does not even care to who he throws them because he has no limits. I have to examine every person to make sure he will not waste my invitation because i have only 1. If you think that network will grow too slow than give us 2 invitations per epoch instead of letting one person grab 30% of rewards.

- The premine is awful, i agree with that. I expect a fork / clone of Idena soon enough because of that.

- the rhythm of growing is slow, but is flowing steadily. I have no problem with that (I am 7 epoch old, and I can invite every epoch). Invites will be valuable soon. 

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Tytanowy Janusz
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December 17, 2019, 04:53:01 PM
 #128

- the rhythm of growing is slow, but is flowing steadily. I have no problem with that (I am 7 epoch old, and I can invite every epoch). Invites will be valuable soon.  

Rhythm of growing is not that slow. We can observe ~10% network grow every epoch on average taking last 6 epoch into consideration.
I can invite every epoch too (as everybody) but most of my invites was wasted (2/6 succeed)

- The premine is awful, i agree with that. I expect a fork / clone of Idena soon enough because of that.

That's what scares me the most about IDENA.

1- 36 milion premine. (82% of all coins in hands of team now)
2- 12K coins from invitations
3- 5% of all new emitted coins goes to the team ~ 13k coins each epoch


12k+13k=25k coins each epoch goes to the team. Thats ~10%
I wonder how many potential new miners or old miners quit after seeing how insignificant their stack is in comparison to the team stack (82% of total supply).

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TO
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EVERY SPIN

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lemonandfriesonetwo
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December 17, 2019, 05:09:55 PM
 #129



IDENA is worth nothing right now. It's in testnet.

It hasn't even been officially launched.  Roll Eyes
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December 18, 2019, 12:22:54 PM
 #130

Dear Idena community,

We plan to release a new version of the Idena node tomorrow 19th of December after 14:00 UTC time.
It will be a hard fork. The miner status for all validated nodes will be deactivated.
Please be ready for an update.

Planned changes:
1. Invitation rewards will be paid during 3 epochs in a row proportionally to the invited person's age. The invitation rewards fund will be distributed as follows (starting with the next epoch):
- A reward for the second validation of an invitee is 3 times bigger than a reward for a validated Candidate.
- A reward for a Verified invitee is 6 times bigger than a reward for a validated Candidate.
Invitation rewards will be paid only if the invitation issuer is validated.

2. The validation date will be adjusted to Saturdays once the network reaches 9441 identities. The total epoch duration is limited to 91 days.

3. Flips distribution optimisation.

4. API-key parameter is required for the remote node.

5. Bugs fix

An additional announcement will be published in 1 hour before the release.
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December 19, 2019, 10:37:18 AM
 #131

IDENA is worth nothing right now. It's in testnet.

It hasn't even been officially launched.  Roll Eyes


Why DNA is worth nothing? Because you said so?

Anything is worth something if someone else is willing to pay for it. Currently on OTC Chanel on discord there are buy offers 50-100 sat per DNA. So it is worth something.

"IDENA is worth nothing right now. It's in testnet. "

Enigma was worth 600 million $ in January 2018. This project was before testnet than! Enigma launched testnet in Jun 2018. There were dozens of projects in testnet phase that was worth more than 100 Million $.

IOST, IOTX, ZIL, THETA, ENIGMA, QLC, AE - those are only few coins out of dozens that was listed on binance, priced 60M $ - 1,2B $ while still being in testnet.


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★ ‎
‎ ★
UP
TO
15%...CASH BACK
EVERY SPIN

‎ ★
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December 19, 2019, 12:26:05 PM
 #132

Interesting it's been a very long time since I became part of the mining and turn my attention on bounty campaigns and projects that are hosted in ERC20 I have bookmarked this thread and will wait for the new updates and see if I can be part of this mining pool.

If there is an invitation I'm open on it just send me one.

Ever wish you could
turn back time to
when BTC was 1$?
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AndrewIdena
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December 19, 2019, 04:24:10 PM
 #133

A new version of the Idena node is about to be released. This will be a hard fork. All the balances and identity states will be saved. Please do not submit flips and do not provide invitations for the next 1 hour.

The release announcment will be published soon.

❗️The miner status for all nodes will be deactivated. Once you update the node version, please activate the miner status.
AndrewIdena
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December 19, 2019, 05:51:58 PM
 #134

Idena Node version 0.15.0 is available

Changes:
1. Invitation rewards are paid during 3 epochs (starting with the next epoch)
2. The validation date will be adjusted to Saturdays once the network reaches 9441 identities. The total epoch duration is limited to 91 days.
3. Flips distribution optimisation.
4. API-key parameter is required for the remote node.
In order to connect to your remote node please use the API-key:
https://idena.io/?view=guide#guide-remote-2
5. Bugs fix

The miner status is deactivated for all nodes: please activate
All balances and identity states are saved

❗️Update is required. The older version is not supported

Please update:
https://idena.io/?view=download
notblox1
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December 22, 2019, 01:21:08 PM
 #135

Idena Validation starts soon.
You can join Idena telegram and explore more this interesting.
We need more smart people there Wink

https://t.me/IdenaNetworkPublic

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poptok1
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December 22, 2019, 02:44:31 PM
 #136

Well, network lost 10 participants this week and I can tell you why exactly it had happened.
Two minutes prior to validation, node disconnected and went out of sync.
Synchronisation finalised exactly the moment short session ended.  Undecided  that's it.
Strange coincidence that had nothing to do with internet connection itself, as it was working fine.

Not sure I'm interested in further mining, especially that I was suspended anyway.

If anyone would like to buy some 13.5K idena from me, let me know.

coeurdelion
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December 23, 2019, 09:05:35 AM
Last edit: December 23, 2019, 09:16:38 AM by coeurdelion
Merited by Tytanowy Janusz (1)
 #137

Well after 8/8 successful validations i have some insights that would be worth discussing.
1- add an option that will allow cropping graphics from google - sometimes only part photo is useful in flip. It will make creating quality flips much easier.
2- 2 min is sometimes not enough. In fact after 8 validations I've never had 2 min. 1 min 4* sec that's my time since validation loads for 10-20 seconds. I think that 3 min will still not be enough to validate more than 1 account constantly (maybe once per 5 validations having 10 easy flips and this will not increase amount of validated accounts (3 successful validation before dead from 2 wrong)).
3- Big issue in my opinion are wasted invitations. I've sent 5 of them and only 1 succeed. I always send them before short interview (Do you have your node synchronized. Will you take part in validation. Do you know when it is. etc.). How about my invited user miss validation the invitation will come back so I could use it to invite 2 users for next epoch?

Most people, including me can validate 2 nodes easily already, more time and I will have time for 3. I agree that the team should burn his premine down to 10-20% they even get rewards from the network for funding, it is only affecting future value IMO as people will never buy if the team can dump and drag the price to 0 at any moment, especialy if they are anonymous the risk is even higher. Because when you read the website they talk about a few whales owning all the coins with ethereum and bitcoin etc. and how Idena is different but this is exactly the same, even worse. After like 10 years their premine will still be 50% of the supply... I think it's better to have only 10% and real value and growth potential than all the cake worth nothing because the market is smarter now and nobody will buy this if they know how huge is the pre-mine. It is also impacting the rate of the network growth as a lot of people don't even care about the free coins when they see this.
Tytanowy Janusz
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December 23, 2019, 09:49:07 AM
 #138

Most people, including me can validate 2 nodes easily already, more time and I will have time for 3
I can do that too. If i get easy flips I'm done after 40 seconds but most often i get 1-2 dump flips on which i spend 1 min thinking about the story that is not there or thinking about which story will be chosen by network because both are possible. In most cases those flips do not reach consensus but sometimes consensus is made by 4 users and for such small group everything is possible. Having this extra time allows me to validate every time which won't be possible trying to validate 2 nodes. So I do agree that it is possible to validate 2 nodes in 2 min but not with 100% accurate. After 1-2 validation you will get dump flip and both accounts will be suspended. Then your next validation will look like poptok1's and your node and your stack will be gone.

I agree that the team should burn his premine down to 10-20% they even get rewards from the network for funding, it is only affecting future value IMO as people will never buy if the team can dump and drag the price to 0 at any moment, especialy if they are anonymous the risk is even higher. Because when you read the website they talk about a few whales owning all the coins with ethereum and bitcoin etc. and how Idena is different but this is exactly the same, even worse. After like 10 years their premine will still be 50% of the supply... I think it's better to have only 10% and real value and growth potential than all the cake worth nothing because the market is smarter now and nobody will buy this if they know how huge is the pre-mine. It is also impacting the rate of the network growth as a lot of people don't even care about the free coins when they see this.

+1

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Crytonex
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December 23, 2019, 12:39:36 PM
 #139

Any bounty for this project??
poptok1
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December 23, 2019, 12:46:39 PM
 #140

Any bounty for this project??
Not any more, there was a competition for the best introductory video on youtube but it was completed recently.

Quote
The Idena team has decided to reward the following community members for creating Idena validation video explainers:
- The address 0xe559a5d7d4537bebca58dd2da94b44a0d6178fee for the video youtu.be/_gjlen39Dk0 – 2000 DNA
- The address 0x3ef05f183e7fe1356159a0b929c5d33e4d89d7f9 for the video https://youtu.be/Wxp6Kb3iVD0 - 2000 DNA
- The address 0x3ef05f183e7fe1356159a0b929c5d33e4d89d7f9 for the video https://youtu.be/QXE6rKkGm1A - 2000 DNA
- The address 0x51031f68c0fcb754c0f1918c1b8d48ac22823ece for creating a series of videos in various languages - 2000 DNA. If proofreading of the Google translation is arranged and respective changes are made to the videos, we'll be happy to consider rewarding the effort and to recommend the videos to Idena newcomers.

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