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Author Topic: Idena is the first Proof-of-Person Blockchain  (Read 26872 times)
necromastery
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June 04, 2020, 11:04:32 PM
 #1121

Just look at IDENA's price right now it's crashing $0.075467 -13.0% 0.00000738 BTC -18.7%, things is not the same anymore after that last verification where so many people are affected, I don't know if this is manipulated, but I guess it's because we are in a testnet, I'm worried something like this could happen again.
but the I see the volume is still good even though it fell to $ 162K, it went up again, that mean it will rise again. What I see is that crash -10% or +10% is something usual, it's not a stable coin, so there is no need to exaggerate.

 
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Saisher
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June 05, 2020, 01:20:10 AM
Last edit: June 05, 2020, 01:41:48 AM by Saisher
 #1122

Just look at IDENA's price right now it's crashing $0.075467 -13.0% 0.00000738 BTC -18.7%, things is not the same anymore after that last verification where so many people are affected, I don't know if this is manipulated, but I guess it's because we are in a testnet, I'm worried something like this could happen again.
but the I see the volume is still good even though it fell to $ 162K, it went up again, that mean it will rise again. What I see is that crash -10% or +10% is something usual, it's not a stable coin, so there is no need to exaggerate.

Not really exaggerating just trying to point out  the lost momentum because of the recent event, I don't believe it will going to go down to 100 sats back when it was still traded first in QTRADE,investors are now and on a what see if the bug is fix ed and I see it moving up again after the next validation is successful.

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June 05, 2020, 02:44:56 AM
 #1123

Oh, this is why price on coingeko is 0.07... stupid qbtc...


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June 05, 2020, 06:44:49 AM
 #1124

Oh, this is why price on coingeko is 0.07... stupid qbtc...



Yeah, the fake volume exchange that DNA has been only withdrawn from for the last 2 months.

And CoinGecko doesn't want to remove it, LOL. I guess they like big numbers, even if they're fake.

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June 05, 2020, 02:10:02 PM
 #1125

Oh, this is why price on coingeko is 0.07... stupid qbtc...



Yeah, the fake volume exchange that DNA has been only withdrawn from for the last 2 months.

And CoinGecko doesn't want to remove it, LOL. I guess they like big numbers, even if they're fake.

Honestly I don't like both exchanges but between the two I prefer trading on Qtrade than QBTC,I have traded several times on QTRADE but never on QBTC I've been reading a lot of bad things about QBTC in the IDENA price telegram, I hope after we move on the mainnet we can get in a  much better exchange.

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June 05, 2020, 02:13:08 PM
 #1126

Honestly I don't like both exchanges but between the two I prefer trading on Qtrade than QBTC,I have traded several times on QTRADE but never on QBTC I've been reading a lot of bad things about QBTC in the IDENA price telegram, I hope after we move on the mainnet we can get in a  much better exchange.

What is it about qtrade that you don't like?

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June 05, 2020, 04:17:55 PM
 #1127

Honestly I don't like both exchanges but between the two I prefer trading on Qtrade than QBTC,I have traded several times on QTRADE but never on QBTC I've been reading a lot of bad things about QBTC in the IDENA price telegram, I hope after we move on the mainnet we can get in a  much better exchange.

What is it about qtrade that you don't like?
Just a feeling maybe because in the past I have been scammed several times by new exchanges in the market, some of them even launched an ICO but so far they are doing good in catering for the IDENA community but a big exchange like Kucoin and Binance will kick the price, it can easily get into Kucoin by voting but it will take sometimes for this to happen as we are still in testnet.

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June 05, 2020, 05:52:40 PM
Merited by Saisher (1), Tytanowy Janusz (1)
 #1128

What is it about qtrade that you don't like?
Just a feeling maybe because in the past I have been scammed several times by new exchanges in the market, some of them even launched an ICO but so far they are doing good in catering for the IDENA community but a big exchange like Kucoin and Binance will kick the price, it can easily get into Kucoin by voting but it will take sometimes for this to happen as we are still in testnet.

I really like it. It is like a small familly business. Started by two brothers programmers who originaly started in crypto as operators of mining pool (if i remember they are from Kansas). You can find their github accounts, they even contributed to the Idena code. Github account for programmer is his reputation in the open. They are not some mistery anonymous dudes, or like some big ogranisation that can hide. Very helpfull, responsive in problem solving. All that considered, it does not seem to me as some exit scam type guys. If you read about the security measures they implemented on the exchange, it really sounds great. https://qtrade.io/security

Other thing that I like is no "market buy/sell" option. You set order at price that you want, and it's impossible for someone/bot to mess around with orders so you end up with unwanted trade.
Very simple interface, basic info KYC for up to 2k USD daily withdrawl. Real trades, no wash trade.

On the other hand there is chinese based qbtc, with 95% of all other trades according to coingecko. I mean... they are clearly washtrading, no chance that there is so much trade going on there. Once Endogen tested some transactions, he noticed that their volume chart went through the roof... They are displaying transaction count on the network as the volume on the exchange... yikes...

What can we expect to achieve if we get on Binance? For sure, more people will be aware of Idena, but I think that we will be caught in the Binance bots for pump and dump price action Sad
Even qTrade was not planned for now. As you said we are still in testnet (experimental mainnet). When we get to stable version, it will be natural progression for Idena to go to bigger exchanges.

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June 05, 2020, 10:39:26 PM
 #1129

Oh, this is why price on coingeko is 0.07... stupid qbtc...



Yeah, the fake volume exchange that DNA has been only withdrawn from for the last 2 months.

And CoinGecko doesn't want to remove it, LOL. I guess they like big numbers, even if they're fake.
So that was the fake volume, I though it can be trusted because I see the volume is more than 90% in there. I do not expect the value of trust score in coingecko also has its own appearance yes, I was not aware of it, I just saw a larger volume.

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June 06, 2020, 10:50:13 AM
 #1130

Volume was doctored indeed. But that is just facade. Volume and other trading activities ongoing in the markets do not tell anything about real valuation of the coin. Its just someone is itchy to unload their load. They make fake trades to make unwary hicks buy in. And u know, binance itself wont push the price up. Little shitcoin with low sentiment wont make it unless someone helps to hike it up with artificial trades.
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June 06, 2020, 02:45:52 PM
 #1131

For those wondering here is the account which gives out all the invitations (denying everyone else a fair share of rewards or potential invitation rewards):

Note: The developers decided to hide the reward page for this account after members have been calling them out for keeping the invitation rewards.


Note: They are showing the rewards page now after being called out on it.

https://scan.idena.io/address/0xcbb98843270812eeCE07BFb82d26b4881a33aA91

It's not fair for them to keep almost 50% of all coins + rewards from invitations they can give out like candy.

The best thing they could do is reward everyone suspended who created flips this last epoch from this account's coins for their lost time.

This would show good faith and fairness on their part.

Let's not forget about the devs who keep collecting DNA and making the distribution of DNA unfairly in their benefit.

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June 06, 2020, 06:43:53 PM
 #1132

Let's not forget about the devs who keep collecting DNA and making the distribution of DNA unfairly in their benefit.

Their reward will become tiny in future because 500 invites out of 2,000 is a big deal, but 500 out of 20,000 is rather negligible. Moreover this time with the last validation fail their additional 500 invites will save the day pretty much.

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lemonandfriesonetwo
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June 06, 2020, 07:35:59 PM
 #1133


Their reward will become tiny in future because 500 invites out of 2,000 is a big deal, but 500 out of 20,000 is rather negligible. Moreover this time with the last validation fail their additional 500 invites will save the day pretty much.

Let's not focus away from the fact that they are collecting rewards for all those invitations. Rewards that are supposed to be spread evenly amongs miners who work really hard to keep their "human status" and look for people who are not going to waste those invitations.

They make the pot of rewards smaller for everyone else by issuing their own invitations.

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realRioda
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June 06, 2020, 11:30:20 PM
 #1134

Let's not focus away from the fact that they are collecting rewards for all those invitations. Rewards that are supposed to be spread evenly amongs miners who work really hard to keep their "human status" and look for people who are not going to waste those invitations.

They make the pot of rewards smaller for everyone else by issuing their own invitations.

Those are good points, but at least, that funds are not for devs own pocket, it is to fund development of projects to support Idena.
We have two challenges right now that will be funded from these funds:

1. [$5000 DNAs] Build Idena Ethereum Relay - read descripton in the link below
https://github.com/idena-network/idena-go/issues/426

2. [$4000 DNAs] Use sign-in with Idena function - read descripton in the link below
https://github.com/idena-network/idena-go/issues/431

Everyone is free if they possess some developer skills to particapate in these challenges and get reward in DNA.
I yet have to wrap my head around these first 2 things that will be developed, and all the benefit Idena will get from it

Imagine Airdrops start using Idena-Eth relay to drop coins only to validated Idena users...? No sybils... real people...

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June 07, 2020, 12:59:05 AM
 #1135

I tried joining the Telegram to get some Idena, but gave up. It wasn't simple. People just wanted me to buy.
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June 07, 2020, 02:51:21 AM
 #1136

I tried joining the Telegram to get some Idena, but gave up. It wasn't simple. People just wanted me to buy.
what do you mean they want you to buy?
Just join the flipschool man. you will get the invite fairly easily there.
https://t.me/idenaflipschool
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June 07, 2020, 07:23:06 AM
 #1137

Let's not focus away from the fact that they are collecting rewards for all those invitations. Rewards that are supposed to be spread evenly amongs miners who work really hard to keep their "human status" and look for people who are not going to waste those invitations.

They make the pot of rewards smaller for everyone else by issuing their own invitations.

I was on your side all the time until purpose of those funds was explained to me. 9000$ for only those 2 projects (that gives much more in value back to the network) is equal to 112 000 DNA (14% of this wallet) and there will be only more of them. This wallet speed up development and outsource port of it from main developers - increases amount of smart heads working for project and allow IDENA to function long after main develops will quit - just like satoshi (distribution from this wallet to developers can become automatic).

And as we can observe someone, who take care of this account is only balancing demand/supply ratio. Giving as many invitation as network needs not giving 500 invitations each epoch spamming telegram witch them.

I tried joining the Telegram to get some Idena, but gave up. It wasn't simple. People just wanted me to buy.

If you give up on project only because one random person that you've met on telegram was not helpfull than I don't want to waste my time on you.
https://idena.io/?view=faq   https://idena.site/  -> this is how you learn what IDENA is and hot to mine. Not asking on telegram.

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notblox1
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June 07, 2020, 01:02:00 PM
 #1138

Not so easy to get invitations now, but I think after next Validation it will be much more easy.
Please don't forget to update node and client, as older versions are not supported anymore.

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Saisher
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June 07, 2020, 02:47:57 PM
 #1139

This is the third time that I missed the validation I am now suspended just like some the rest, I don't know if things will be on the next validation if I missed the validation will I become a zombie or my identity will be killed right away, all I know is you need  three successive missed validation before your account is killed, is this right I don't want my account killed and lose my stakes.

I am thinking of taking my stakes and ask for a new invitation code so I can start over again.  

modewei
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June 08, 2020, 03:56:42 AM
 #1140

Oh, this is why price on coingeko is 0.07... stupid qbtc...

https://i.imgur.com/zbpeDnL.png

Yeah, the fake volume exchange that DNA has been only withdrawn from for the last 2 months.

And CoinGecko doesn't want to remove it, LOL. I guess they like big numbers, even if they're fake.
So that was the fake volume, I though it can be trusted because I see the volume is more than 90% in there. I do not expect the value of trust score in coingecko also has its own appearance yes, I was not aware of it, I just saw a larger volume.
Just choose the exchange you like. There's no need to care about so much truth or falsehood. In fact, qbtc network has made a great contribution to idena. This is undeniable.
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