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Author Topic: Idena is the first Proof-of-Person Blockchain  (Read 41319 times)
bitpotter
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January 20, 2020, 11:45:48 AM
 #241

I don't hear anything from developers regarding any potential listing on exchanges,
or regarding any potential partnership with some exchange.
Maybe they can use Idena flips for safe log-in, or something similar.

It seems that talking about exchanges and partnerships is still too early for Idena, because there is still a lot to be fixed from the idena system such as the existence of wallet bugs, then peers network problems that are less stable, to nodes that still have periodic updates.
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robelneo
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January 20, 2020, 01:37:41 PM
 #242

I don't hear anything from developers regarding any potential listing on exchanges,
or regarding any potential partnership with some exchange.
Maybe they can use Idena flips for safe log-in, or something similar.

It seems that talking about exchanges and partnerships is still too early for Idena, because there is still a lot to be fixed from the idena system such as the existence of wallet bugs, then peers network problems that are less stable, to nodes that still have periodic updates.

That's true just two weeks ago people encounter a lot of issues about peers going down and we have no problem about selling our mined DNA because they have a dedicated channel for that in discord, the price for 1 DNA now is 150 to 250 sats, you can get the link on their telegram channel, I don't want to think of exchange listing now until we have proven that the platform is working perfectly.

.
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realRioda
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January 20, 2020, 02:37:20 PM
Last edit: March 18, 2020, 06:53:43 AM by realRioda
 #243

I've been working on a unnoffical Idena Portal, one stop place for additional FAQ's, tutorials and other usefull information.

Feel free to register an account which enables you to setup:
- Mining monitoring (notifies you by email if your node goes offline)
- Financial card (gives you an estimate of your current DNA holdings)

rioda.org/idena

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January 20, 2020, 07:37:46 PM
 #244

Is there any statistics about percentage of virtual servers (AWS, DO) being used for hosting nodes among all nodes? Is such percentage being significant considered to be bad for decentralization?

Why used flips are still publicly available to watch and grab via idena explorer? Could it be used for the purpose of machine learning and creating a botnet?

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Join the mining of the first human-centric
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January 21, 2020, 02:35:02 AM
 #245

Is there any statistics about percentage of virtual servers (AWS, DO) being used for hosting nodes among all nodes? Is such percentage being significant considered to be bad for decentralization?


Someone already mention in telegram groups that they are requesting a world map of nodes. Maybe this way we can see how far and how wide the reach of idena.

Quote
Why used flips are still publicly available to watch and grab via idena explorer? Could it be used for the purpose of machine learning and creating a botnet?

Those old flips from past epochs will not be used again in the next validation.
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January 21, 2020, 03:50:56 AM
 #246

I really like the concept of this project. I'll be dropping into telegram shortly to request an invitation once I reboot back into windows! Beautiful project. <3
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January 21, 2020, 07:53:44 AM
 #247

Imagine if an exchange like bitfinex or binance were to list DNA, they would have to deal with the validation process rite?

how would it work?
Tytanowy Janusz
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January 21, 2020, 08:02:15 AM
 #248

What for? They do not need to mine DNA. They only need a wallet to deposit/withdraw coins. This can be done without verification.

Verification is necessary only if you want to become a node.

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January 21, 2020, 08:20:53 AM
 #249

ho my bad, I thought unvalidated accounts had expirations.
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January 21, 2020, 08:23:21 AM
 #250

Imagine if an exchange like bitfinex or binance were to list DNA, they would have to deal with the validation process rite?

how would it work?

Bitfinex and Binance are only exchanges so there is no need to validate. Yes, like other coins such as BTC, ETH, LTC they only provide trading places, deposit and withdrawal addresses. But if you really want to go to the exchange, we have to really support this project until it is successful and successful, because that's the weight of the conditions given by both places.

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January 21, 2020, 08:44:16 AM
 #251

Your wallet is completely insecure.
How to block (encrypt) wallet to protect against unauthorized transactions?
How to unlock it only for mining ?
How to set a password?
How to configure network ?
Where is the wallet management console (debug)?
you can download the private key, set the password


You can't set the password!
https://idena.io/?view=guide#guide-install-3
Quote
Make sure to backup the nodekey file securely since the current node version 0.16.3 does not support private key encryption.
What is this nonsense?
How can dev disable the private key encryption feature?
You do not own your coins if you cannot encrypt them.
But developers can access them.
Or VPS owners can access them.
Also.
Every time you enter a password in "Settings" to export privkey you get a new private key.
This means that your password doesn't mean anything, because anyone can set a different password and gain access to the wallet.
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January 21, 2020, 09:44:04 AM
 #252

Imagine if an exchange like bitfinex or binance were to list DNA, they would have to deal with the validation process rite?

how would it work?

Bitfinex and Binance are only exchanges so there is no need to validate. Yes, like other coins such as BTC, ETH, LTC they only provide trading places, deposit and withdrawal addresses. But if you really want to go to the exchange, we have to really support this project until it is successful and successful, because that's the weight of the conditions given by both places.

I remember Nano, when they are just starting out they are already popular even though they are not yet on an exchange, IDENA has a huge chance, to get into the big exchange and command a good price, right now they are traded at 125 sats per DNA I think it's very low, once it gets into the exchange if Nano reach $15 on their all-time high, IDENA will be better.

.
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January 21, 2020, 10:32:13 AM
 #253

I remember Nano, when they are just starting out they are already popular even though they are not yet on an exchange, IDENA has a huge chance, to get into the big exchange and command a good price, right now they are traded at 125 sats per DNA I think it's very low, once it gets into the exchange if Nano reach $15 on their all-time high, IDENA will be better.

They are popular because of the type of distribution they made, Since Idena mining is a little bit complicated for newcomers it creates an entry barrier that limits the growth of the community.

With an average of 40 new nodes every validation it would be 1,000 nodes in the next 2 months and mining would become more harder and slower. This will create a shortage and the price of OTC will probably increase by that time.
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January 21, 2020, 01:10:08 PM
 #254

Imagine if an exchange like bitfinex or binance were to list DNA, they would have to deal with the validation process rite?

how would it work?

Bitfinex and Binance are only exchanges so there is no need to validate. Yes, like other coins such as BTC, ETH, LTC they only provide trading places, deposit and withdrawal addresses. But if you really want to go to the exchange, we have to really support this project until it is successful and successful, because that's the weight of the conditions given by both places.

I remember Nano, when they are just starting out they are already popular even though they are not yet on an exchange, IDENA has a huge chance, to get into the big exchange and command a good price, right now they are traded at 125 sats per DNA I think it's very low, once it gets into the exchange if Nano reach $15 on their all-time high, IDENA will be better.

Yes nano was crazy with the power of the community being able to get into binance and make the price so expensive at that time. Indeed, we cannot underestimate the power of the community in the crypto world, they know which projects are good for the future, rather than embracing the ICO scam project which last year until now still roams on the bitcointalk thread. I hope Idena will suffer the same fate as Nano and for the price with a slightly recovering market situation this could be for $10 - $30 per coin.

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robelneo
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January 21, 2020, 02:11:42 PM
 #255

I remember Nano, when they are just starting out they are already popular even though they are not yet on an exchange, IDENA has a huge chance, to get into the big exchange and command a good price, right now they are traded at 125 sats per DNA I think it's very low, once it gets into the exchange if Nano reach $15 on their all-time high, IDENA will be better.

They are popular because of the type of distribution they made, Since Idena mining is a little bit complicated for newcomers it creates an entry barrier that limits the growth of the community.

With an average of 40 new nodes every validation it would be 1,000 nodes in the next 2 months and mining would become more harder and slower. This will create a shortage and the price of OTC will probably increase by that time.

I don't see any complication at all this is quite an exaggeration, it's much easier than setting up a mining rig and joining a mining pool if  what you mean is  the turing test people can practice it here https://idena.io/?view=flip_challenge#, I don't see any barrier at learning how to mine DNA, this project spread by out of the mouth and I don't see any reason why it will become popular in the next 5 months.

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Yappuh
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January 21, 2020, 03:15:11 PM
 #256

For me this coin has the potential to become adopted worldwide as a real cryptocurrency (not as a speculation object),
because the only thing you need to mine is a standard computer/laptop (later mobile as described in the white-papers) and a working internet-connection.
And the investment done by every identity is the same for every identity (node). You have to spend about 30 - 60 minutes to make the flips and do the validation each epoch (act. 6 days) plus the power you need to run the system is what makes the value.  
smyslov
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January 21, 2020, 03:35:40 PM
 #257

For me this coin has the potential to become adopted worldwide as a real cryptocurrency (not as a speculation object),
because the only thing you need to mine is a standard computer/laptop (later mobile as described in the white-papers) and a working internet-connection.
And the investment done by every identity is the same for every identity (node). You have to spend about 30 - 60 minutes to make the flips and do the validation each epoch (act. 6 days) plus the power you need to run the system is what makes the value.  


I was referred here by a friend and now waiting for the next validation so I can try how this things works, I'd like to know the supply of this coin, because there was no mention of the supply of the coin, I believe this coin will be huge because this is very easy to mine and to run even newbies in the mining can understand this.

poptok1
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January 21, 2020, 04:27:09 PM
 #258

I was referred here by a friend and now waiting for the next validation so I can try how this things works, I'd like to know the supply of this coin, because there was no mention of the supply of the coin, I believe this coin will be huge because this is very easy to mine and to run even newbies in the mining can understand this.
Sure that is mentioned at idena main page, under FAQ, economy section.
51,840 DNA to answer you question quickly, that is cap per 24 hours, total supply is unfortunately unlimited, cause idena is based on inflationary model with few quirks to slow the process of devaluation down. That would be burning coins that are a cost of translations, burning coins that were failed to stake, burning coins that are set as penality and also freezing 1% of coins as a countermeasure to inflation. Not bad i think but there is still few important features missing.

smyslov
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January 21, 2020, 11:01:13 PM
 #259

I was referred here by a friend and now waiting for the next validation so I can try how this things works, I'd like to know the supply of this coin, because there was no mention of the supply of the coin, I believe this coin will be huge because this is very easy to mine and to run even newbies in the mining can understand this.
Sure that is mentioned at idena main page, under FAQ, economy section.
51,840 DNA to answer you question quickly, that is cap per 24 hours, total supply is unfortunately unlimited, cause idena is based on inflationary model with few quirks to slow the process of devaluation down. That would be burning coins that are a cost of translations, burning coins that were failed to stake, burning coins that are set as penality and also freezing 1% of coins as a countermeasure to inflation. Not bad i think but there is still few important features missing.

Interesting this very unique I have never seen a feature like this in a coin, I once mine using my browser, but a turing test mining software is something all of us have not tried in the past, but this is subject for abuse also because a company can hire people to do turing test every 6 days, this will have a massive adoption and big exchange will list this coin.

Xsinx
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January 22, 2020, 10:52:56 AM
 #260

Interesting this very unique I have never seen a feature like this in a coin, I once mine using my browser, but a turing test mining software is something all of us have not tried in the past, but this is subject for abuse also because a company can hire people to do turing test every 6 days, this will have a massive adoption and big exchange will list this coin.

Its easier said than done, Its not your usual captcha or turing code that you see everyday. If you want to test it out yourself without any invite code or downloading the wallet you can try it here - https://flips.idena.io/?pass=idena.io just add a dummy email address and you can see and solve the previous flips challenges.

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