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Author Topic: Idena is the first Proof-of-Person Blockchain  (Read 1505 times)
grintsch
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October 29, 2019, 09:27:08 AM
 #41

Idena democritizes mining: any person on the planet (who able to solve flips) can mine the coins.

But what is the economy behind the coin?

Consider the use case of Sybil-protected maketing on the blockchain
1. Assume that Idena participants voluntarily agree to consume ads published on the blockchain by an advertiser.
2. However such an advertiser has to burn coins in order to reach a certain group of users attention.
3. Burnt coins are removed from the total supply. Thus multiple advertisers competing with each others will always have a shortage of coins.
4. Due to that assumption the newly minted coins which are equaly distributed amoung the people and can be sold to advertisers.


So you mine coins by watching ads and solving captchas?

And why would you democratize earnings by burning coins from advertisers rather than paying them to consumers of ads?
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October 29, 2019, 01:58:53 PM
 #42

So you mine coins by watching ads and solving captchas?
No, you don't have to watch ads to mine the coins.
Watching ads is the possible way to bring demand for the coin into the Sybil protected network.

And why would you democratize earnings by burning coins from advertisers rather than paying them to consumers of ads?

Unfortunately it might not work. There is no way to prove the ads consumtion without establishing a trust. People may click ads without intention to consume it. Advertizer may also decline to pay for the ads consumption.
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November 01, 2019, 02:18:27 PM
 #43

OK so I'm an official Idena newbie now, one epoch old  Cheesy
Must say that initial process is quite fun and not all that hard to grasp.
I have this one concern though; what happens if some douchebag starts to create completely nonsensical captchas, on purpose of course? Is there any fail safe against this? Would be a shame if someone was surprised by impossible captcha from the day one. 

 
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November 01, 2019, 02:32:33 PM
 #44

Announcement
Please doublecheck the time of next validation in Idena app
If you had the clocks change to the winter time this weekend in your country then the validation time for you will be shifted for 1 hour

The validation time is always fixed at 13:30 UTC
Idena app displays the proper validation time for your local time zone


Idena Node version 0.13.2 is available
Changes:
- Validation session critical bug fix (false late submission)
The update is highly recommended for the successful validation:
https://idena.io/?view=download



i been trying to get validated for a week+, never seems to work and just eats way too much bandwidth sitting open fully synced
im just gonna uninstall this, i cant just sit and watch a wallet 24 hours a day for a captcha to pop up, someone sent me an invite code, why is that not enough?
you guys really should have thought this through...

Actually, that is one major problem that I am seeing here. Along the way, users will get tired of validating themselves and waiting for the exact time of this session. They might forgot later on that they have this app running and check for the next validating session. Sorry, but I think this is not a sustainable approach to retain your users. Let us see how many users  will continue to support this after 6 months of using this app.

 
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November 03, 2019, 12:23:16 PM
 #45

Announcement
Please doublecheck the time of next validation in Idena app
If you had the clocks change to the winter time this weekend in your country then the validation time for you will be shifted for 1 hour

The validation time is always fixed at 13:30 UTC
Idena app displays the proper validation time for your local time zone


Idena Node version 0.13.2 is available
Changes:
- Validation session critical bug fix (false late submission)
The update is highly recommended for the successful validation:
https://idena.io/?view=download



i been trying to get validated for a week+, never seems to work and just eats way too much bandwidth sitting open fully synced
im just gonna uninstall this, i cant just sit and watch a wallet 24 hours a day for a captcha to pop up, someone sent me an invite code, why is that not enough?
you guys really should have thought this through...

Actually, that is one major problem that I am seeing here. Along the way, users will get tired of validating themselves and waiting for the exact time of this session. They might forgot later on that they have this app running and check for the next validating session. Sorry, but I think this is not a sustainable approach to retain your users. Let us see how many users  will continue to support this after 6 months of using this app.
It also seems to me that such verification will bother users. Moreover, there is a human fact where you can forget about the verification or not be near the computer in time.But I’m still interested in what will come of it and I will participate.

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November 04, 2019, 02:56:01 PM
 #46

Quote
OK so I'm an official Idena newbie now, one epoch old  Cheesy
Must say that initial process is quite fun and not all that hard to grasp.
I have this one concern though; what happens if some douchebag starts to create completely nonsensical captchas, on purpose of course? Is there any fail safe against this? Would be a shame if someone was surprised by impossible captcha from the day one.

The correct answers are not predefined. There is no concensus in solving such senseless captchas, they are not qualified and thus excluded from the validation score. https://idena.io/?view=faq#faq-flip-creation-4


Quote
Actually, that is one major problem that I am seeing here. Along the way, users will get tired of validating themselves and waiting for the exact time of this session. They might forgot later on that they have this app running and check for the next validating session. Sorry, but I think this is not a sustainable approach to retain your users. Let us see how many users  will continue to support this after 6 months of using this app.

Quote
It also seems to me that such verification will bother users. Moreover, there is a human fact where you can forget about the verification or not be near the computer in time.But I’m still interested in what will come of it and I will participate.

The time between validations is a function of the network size. The bigger the network the less frequent validations. Will a validation once in three months be too much? Some people will be always more motivated than others to spend their time validating themselves and mining. Participants' motivation will also grow with the growth of the Idena coin valuation.
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November 04, 2019, 03:33:39 PM
 #47

Will a validation once in three months be too much?
I think that validation every 7days is perfectly fine. Firs of all, it is meant for those who want to mine the coin, right?
To be able to simply use it, send it and trade it, one does not have to be validated. So there is no absolute need for people to take part in one, weekly event, that only lasts an hour, to accept DNA as payments etc. Those who complain about validation are either lazy and want to take profit, for doing absolutely nothing or where rejected during the validation (mindless zombies?)  Roll Eyes .
It's like running a mining rig, you just don't turn it on and count free money, it requires at lest some dedication and supervision over the process. OP don't bother with non constructive critiques, this is cool project, with loads of potential.

Now, could you make the node window to hide itself in to tray, like the client app does? More of an aesthetic issue but seem important, no body will like to stare at this nameless icon all day.

 
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November 05, 2019, 09:31:04 PM
 #48

Very interesting concept. I can remember human mining has been done before where humans have to solve puzzles. I just cannot remember when but a few years back. I will try and look for it. I find it very interesting to see what methods people come up with to finish the phrase "proof of ..." in the never ending pursuit of fairness. Mining from scratch with PoW is unfair. Distributing fairly for PoS is also difficult. Human mining can be fair if you can make it immune against bots. Perhaps the validation activities you do will counter the bots.

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November 11, 2019, 07:07:22 AM
 #49

I have a small question, is there a minimum hardware system requirement for the node and client to install on the VPS server ?

 
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November 11, 2019, 08:05:05 AM
 #50

I constantly forget to do the validation. So i guess i have to but this from exchanges as it seems easier solution when ever it hits into them.
Or is this traded OTC in somewhere and if so, what's the market cap right now?

 
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November 13, 2019, 06:41:45 PM
 #51

@AndrewIdena

I must admit your responses are impressive.

Definitely following the progress of this
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November 14, 2019, 06:51:32 PM
Last edit: November 18, 2019, 11:20:03 AM by AndrewIdena
Merited by poptok1 (1)
 #52



Now, could you make the node window to hide itself in to tray, like the client app does? More of an aesthetic issue but seem important, no body will like to stare at this nameless icon all day.


Working at it.

I have a small question, is there a minimum hardware system requirement for the node and client to install on the VPS server ?

Please check here https://idena.io/?view=guide#guide-remote-0

I constantly forget to do the validation. So i guess i have to but this from exchanges as it seems easier solution when ever it hits into them.
Or is this traded OTC in somewhere and if so, what's the market cap right now?

Check OTC local room of the Idena community channel https://discord.gg/cyWs66H

Validation starts in less than 2 hours

❗️Make sure you have Wait for validation status displayed in app. Otherwise please submit 3 flips or activate the invitation code.

Please don't forget to update your Idena client before the validation: The latest version is 0.0.49.
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November 16, 2019, 04:20:39 PM
 #53


watching  Cool


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November 16, 2019, 04:21:03 PM
 #54

Very interesting concept. I can remember human mining has been done before where humans have to solve puzzles. I just cannot remember when but a few years back. I will try and look for it. I find it very interesting to see what methods people come up with to finish the phrase "proof of ..." in the never ending pursuit of fairness. Mining from scratch with PoW is unfair. Distributing fairly for PoS is also difficult. Human mining can be fair if you can make it immune against bots. Perhaps the validation activities you do will counter the bots.



You're thinking of Raiblocks which is now Nano.
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November 16, 2019, 04:40:38 PM
 #55

I constantly forget to do the validation. So i guess i have to but this from exchanges as it seems easier solution when ever it hits into them.
Or is this traded OTC in somewhere and if so, what's the market cap right now?

Simple thing would be to set simple alarm reminder, that is once every five days at the moment.
There is no exchanges yet. There is OTC in discord.
You still need to be validated to mine it.

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November 17, 2019, 03:19:19 AM
 #56

This reminds me of Nano where you had to solve captchas to mine the coin. NANO is doing pretty well market cap wise, so maybe Idena will be a big success!

So the primary use case for Idena is for marketers/advertisers to reach users and solicit data?
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November 17, 2019, 12:34:30 PM
 #57

I  see the next validation in 4 days according to the website. As a 1st timer, does that mean I"ll have to wait for  4 days to start mining?

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November 17, 2019, 12:50:08 PM
Last edit: November 17, 2019, 01:03:00 PM by alamin99
 #58

Looking very interesting to me. Grin

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November 17, 2019, 01:12:18 PM
 #59

I  see the next validation in 4 days according to the website. As a 1st timer, does that mean I"ll have to wait for  4 days to start mining?
if you have passed the validation, no need to wait, turn on the online mining function and start earning  Wink

I have a small question, is there a minimum hardware system requirement for the node and client to install on the VPS server ?

Please check here https://idena.io/?view=guide#guide-remote-0

Thanks for the answer ! I read, but apparently missed this

 
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November 17, 2019, 01:16:23 PM
 #60

I  see the next validation in 4 days according to the website. As a 1st timer, does that mean I"ll have to wait for  4 days to start mining?
if you have passed the validation, no need to wait, turn on the online mining function and start earning  Wink
I've just downloaded the latest node and the windows client and the client is currently synchronizing with the network. I've not even received my invitation code, hence asked if I need to wait till the next validation shown on the website.

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