[ANN][XC] >> Mandatory Update to new Wallet - The first POS X11 anonymous wallet

[HardwarePal]

Well if you guys didnt know here is some hidden blocks in DRK

Thats isnt very professional to me :

http://chainz.cryptoid.info/drk/address.dws?XnFYAdnaYsY9rAJqsnoQcyiVPtyB3PUvn5.htm


EDIT : I got an exact reason for this from the DRK community it was pre DRKSend code and is just multiple transactions

[1714675081]

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[1714675081]

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[1714675081]

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[1714675081]

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[1714675081]

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[SkyValeey]

Waiting for XC dump

[Quantumbud]

As it stands right now the coin is far too easy to obtain,meaning if i find the right pool i can throw a few hundred Mh's at it and dump it for a profit,just sayin...

[Taner]

Well if you guys didnt know here is some hidden blocks in DRK

Thats isnt very professional to me :

http://chainz.cryptoid.info/drk/address.dws?XnFYAdnaYsY9rAJqsnoQcyiVPtyB3PUvn5.htm

This is really looking bad.

[cryptohunter]

I somehow doubt the dev was ceo of a major company. If he had been, everything about this coin wouldn't be so haphazard.

LOL i just found this thread last night...


There are more dark shills in here fudding than in the drk thread now.

I would compile a list of their names and on the OP instruct readers to add them to the ignore list first.

Every time you see FUD check the posters last posts 99% of them are dark pumpers or fresh accounts to conceal the real user account.

Looks like XC has dark holders worried.  

Can you drop the price to say 10k so i can buy up a nice bag full.

Thanks.

[policymaker]

Well if you guys didnt know here is some hidden blocks in DRK

Thats isnt very professional to me :

http://chainz.cryptoid.info/drk/address.dws?XnFYAdnaYsY9rAJqsnoQcyiVPtyB3PUvn5.htm

This is really looking bad.

Care to elaborate, i really wanna know what u guys mean!

[HardwarePal]

Well someone linked this to me theres more rewards on a block then what is supposed to be .

Someone that knows alittle better to explain please thats in DarkCoin already.

[HardwarePal]

Just got someone answer in the DRK thread

Can someone tell me what this is :

http://chainz.cryptoid.info/drk/address.dws?XnFYAdnaYsY9rAJqsnoQcyiVPtyB3PUvn5.htm

Block 4137 and other blocks with multiple coin rewards

186,214.713 DRK total

https://darkcointalk.org/threads/the-birth-of-darkcoin.162/
http://wiki.darkcoin.eu/wiki/FAQ

ty sitdown

[dadon]

I somehow doubt the dev was ceo of a major company. If he had been, everything about this coin wouldn't be so haphazard.

he was might not of been a billion dollar company, but it was a big company, it was on his linkedin account if you read back far enough in the thread u will find it but im not giving it out again because im sure he doesn't like it

[maxsinner]

Piss-weak market reaction, thought everyone was millionaire by now

Similar ratio to darkcoin that litecoin has to bitcoin in marketcap. Shows market already priced in anon feature during the nuclear runup yesterday. Also shows first-adopter coins fare better even when similar coins function better fundamentally (won't call this a clone coin if the dev has some unique code). Maybe the future holds more to this coin, but until then gratz to early buyers yesterday on poloniex

if we look at the price of other Anon Coin's price, such as dark and MRo also QCN, we know XC coin still have a lot of potential. And the price is still cheap. XC coin may rank in top10 on coinmarketcap after everything is ready.

this coin will take drk's spot,i'm sure of it, Evan is a good coder, but i dn't think he is on the level of ours, the price of XC when it's all said and done will probably shock the shit out of all of us. one thing to think about is DRKsend wasn't enough so Evan is adding ring signatures, but what our DEV recognized that he didn't is that it will bloat the block chain and make useless to mass usage, who is more on the ball? i will let u decide, another thing is Evan, and don't get me wrong DRK is awesome and he has done great! but his past experience was building bots at home, ours has years of experience of not only extensive coding, working for government agency's, he also ran a company, a crypto is not just a currency, it's a business, a company, well it should be, and what we have here is not only a guy who can deliver the product and constantly enhance to compete with the best, but he will know how to manage it when it gets big, who knows if Evan is up to this task, only time will tell

The dev seems to know his stuff in the technical department and might even be more qualified for the job (this type of job requires someone with the mindset of Anonymint really - which is highly paranoid on things related to security and holes in the design). If I had to rate them, from what I see, I'd say you are right in the security background etc etc, but keep in mind though that Evan also has a financial background and the economic model of dark is one of the best around. So, a crypto being primarily a currency, is very largely affected by economic decisions and economic design.

Stuff like coin number and inflation are critical. If I know that there will be 10 coins more tomorrow per one coin today, why would I buy big with all this dilution? This stuff needs capping and it needs capping yesterday. Being an "infinite" coin through PoS production is also not good for rarity which makes it less valuable - you become something like a DOGEcoin. Arbitrary block numbers like 333 coins per block, 3.33% inflation, 33.3mn coins heavily remind shitcoins even if the technology of the anonymity proves very good. These are stuff that need better design. They are CRITICAL to success.

If everything is staked (not likely, but just to illustrate) 3,33% inflation* through interest means that by year ten these 33.3mn coins will be 44mn and by year 30 it'll be 86mn coins. The interest in itself inflates the coin so the owner gets nothing in reality because the monetary base has been ...debased.

We need much less coin generation (10m sounds good), much less interest and debasement (for those that could be arguing "oh I bought thinking I'll get 3.33% on my coins, think that if the monetary base expands by a similar amount, you'll only win if someone actually buys the extra coins - which is less likely to happen if they know that the coin will be continuously debasing".

The dev must make a decision soon and fix the economic model, no matter what the haters say.

No matter what's happening right now in terms of technology, MRO people are clueless in terms of inflation and massive reward as the production can't be absorbed (I tried to tell them about the price stagnation and that they need to do something - but didn't really listen) and X11coin is problematic in its design as an economic instrument, which I'm highlighting right now and perhaps it'll be fixed.

* 3.33% = worse than gold's 1.3% (2.500 tons added per year in a 180.000 ton above ground supply). Even if half the quantity is staked then it's again >1.3% which is the absolute benchmark in terms of finance.

Consult someone with financial background, see what other cryptos are doing and fix it fast along with the distribution otherwise it will hamper long-term prospects. Then fix the name / brand. And these, all the while working on the anonymity aspect.

My 0.02 duffs.

Well I am sure you will remember that Evan also did a lot of adjustments to the economic model. DRK was first advertised as a 84mil total supply coin. It also looks like you missed the update here that with the new wallet PoW ends at block #32500 which is at 10822500 coins.

[dadon]

As it stands right now the coin is far too easy to obtain,meaning if i find the right pool i can throw a few hundred Mh's at it and dump it for a profit,just sayin...

go ahead but i bet u regret it latter

[bonesoul]

http://www.coinium.org/pool/XC

[Quantumbud]

As it stands right now the coin is far too easy to obtain,meaning if i find the right pool i can throw a few hundred Mh's at it and dump it for a profit,just sayin...

go ahead but i bet u regret it latter

I'm not dumping it personally,but i can guarantee a huge percentage of people mining it are,would be nice to see the block reward lowered somewhat

[AlexGR]

i see what ur saying and agree, but you need to rember XC dev was a CEO of a major company and this coin is capped 10million pow and 33 million total with pos DRK will reach 28mil before we reach 33mil you can be sure of that

We'll see how it turns out. It needs better distribution / scarcer supply / low inflation to become top notch in this department.

I also made an error in my last post regarding the 33m cap vs infinity (I've added an EDIT comment in the end) - you are right.

[AlexGR]

Well I am sure you will remember that Evan also did a lot of adjustments to the economic model.

Yep, as it is right now it's quite good and relatively futureproof because you also want the PoW in a pure PoW.

Well I am sure you will remember that Evan also did a lot of adjustments to the economic model. DRK was first advertised as a 84mil total supply coin. It also looks like you missed the update here that with the new wallet PoW ends at block #32500 which is at 10822500 coins.

I saw the dev write he is still waiting feedback, so yes, I've missed it.

[drawingthesun]

i see what ur saying and agree, but you need to rember XC dev was a CEO of a major company and this coin is capped 10million pow and 33 million total with pos DRK will reach 28mil before we reach 33mil you can be sure of that

We'll see how it turns out. It needs better distribution / scarcer supply / low inflation to become top notch in this department.

I also made an error in my last post regarding the 33m cap vs infinity (I've added an EDIT comment in the end) - you are right.

Alex, you're obviously a fan of low inflation, so how comes you've been supporting Darkcoin all this time?

Darkcoin released more coin quicker than MRO and XC.

[AlexGR]

i see what ur saying and agree, but you need to rember XC dev was a CEO of a major company and this coin is capped 10million pow and 33 million total with pos DRK will reach 28mil before we reach 33mil you can be sure of that

We'll see how it turns out. It needs better distribution / scarcer supply / low inflation to become top notch in this department.

I also made an error in my last post regarding the 33m cap vs infinity (I've added an EDIT comment in the end) - you are right.

Alex, you're obviously a fan of low inflation, so how comes you've been supporting Darkcoin all this time?

Darkcoin released more coin quicker than MRO and XC.

Yes that's very good for inflation - even if by accident. Fast initial distribution + low distribution later on = lower debasement of the existing monetary base than a steady curve. That's also a strong point for pow+pos systems if the staking itself does not multiply the monetary base significantly.

Compare that to LTC for example that will issue like another 10.5mn coins by this time next year and it's a disaster. Who the f*** will buy 10.5mn X 10 USD = 105mn in litecoins? It is not sustainable.

[mojun7982]

Piss-weak market reaction, thought everyone was millionaire by now

Similar ratio to darkcoin that litecoin has to bitcoin in marketcap. Shows market already priced in anon feature during the nuclear runup yesterday. Also shows first-adopter coins fare better even when similar coins function better fundamentally (won't call this a clone coin if the dev has some unique code). Maybe the future holds more to this coin, but until then gratz to early buyers yesterday on poloniex

if we look at the price of other Anon Coin's price, such as dark and MRo also QCN, we know XC coin still have a lot of potential. And the price is still cheap. XC coin may rank in top10 on coinmarketcap after everything is ready.

this coin will take drk's spot,i'm sure of it, Evan is a good coder, but i dn't think he is on the level of ours, the price of XC when it's all said and done will probably shock the shit out of all of us. one thing to think about is DRKsend wasn't enough so Evan is adding ring signatures, but what our DEV recognized that he didn't is that it will bloat the block chain and make useless to mass usage, who is more on the ball? i will let u decide, another thing is Evan, and don't get me wrong DRK is awesome and he has done great! but his past experience was building bots at home, ours has years of experience of not only extensive coding, working for government agency's, he also ran a company, a crypto is not just a currency, it's a business, a company, well it should be, and what we have here is not only a guy who can deliver the product and constantly enhance to compete with the best, but he will know how to manage it when it gets big, who knows if Evan is up to this task, only time will tell

The dev seems to know his stuff in the technical department and might even be more qualified for the job (this type of job requires someone with the mindset of Anonymint really - which is highly paranoid on things related to security and holes in the design). If I had to rate them, from what I see, I'd say you are right in the security background etc etc, but keep in mind though that Evan also has a financial background and the economic model of dark is one of the best around. So, a crypto being primarily a currency, is very largely affected by economic decisions and economic design.

Stuff like coin number and inflation are critical. If I know that there will be 10 coins more tomorrow per one coin today, why would I buy big with all this dilution? This stuff needs capping and it needs capping yesterday. Being an "infinite" coin through PoS production is also not good for rarity which makes it less valuable - you become something like a DOGEcoin. Arbitrary block numbers like 333 coins per block, 3.33% inflation, 33.3mn coins heavily remind shitcoins even if the technology of the anonymity proves very good. These are stuff that need better design. They are CRITICAL to success.

If everything is staked (not likely, but just to illustrate) 3,33% inflation* through interest means that by year ten these 33.3mn coins will be 44mn and by year 30 it'll be 86mn coins. The interest in itself inflates the coin so the owner gets nothing in reality because the monetary base has been ...debased.

We need much less coin generation (10m sounds good), much less interest and debasement (for those that could be arguing "oh I bought thinking I'll get 3.33% on my coins, think that if the monetary base expands by a similar amount, you'll only win if someone actually buys the extra coins - which is less likely to happen if they know that the coin will be continuously debasing".

The dev must make a decision soon and fix the economic model, no matter what the haters say.

No matter what's happening right now in terms of technology, MRO people are clueless in terms of inflation and massive reward as the production can't be absorbed (I tried to tell them about the price stagnation and that they need to do something - but didn't really listen) and X11coin is problematic in its design as an economic instrument, which I'm highlighting right now and perhaps it'll be fixed.

* 3.33% = worse than gold's 1.3% (2.500 tons added per year in a 180.000 ton above ground supply). Even if half the quantity is staked then it's again >1.3% which is the absolute benchmark in terms of finance.

Consult someone with financial background, see what other cryptos are doing and fix it fast along with the distribution otherwise it will hamper long-term prospects. Then fix the name / brand. And these, all the while working on the anonymity aspect.

My 0.02 duffs.


EDIT: I made an error above claiming infinity for POS, as the cap is set for 33mn.

+1
Consult someone with financial background

[provenceday]

so we have a dev who is：

Consultant - ATC CORP Wireless Consultant - Homeland Security Wireless CEO - Wireless Broadband Systems Network Security - General Dynamics



that maybe the reason why we have a Anon coin in 2 weeks!!!!

[AlexGR]

Well someone linked this to me theres more rewards on a block then what is supposed to be .

Someone that knows alittle better to explain please thats in DarkCoin already.

http://chainz.cryptoid.info/drk/block.dws?4137.htm

Block generation = 500 DRKs as all other.

+ a transaction of a miner who mined multiple 500 blocks moved them to a single address.