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

[BADASS]

If I where to put all my XC in a wallet, would I get more XC?

I wouldn't bother at all keeping any coins in a wallet..
Keep your money on Mintpal or Poleinex.

Why?

Because if theirs a DUMP, and they happen all the time, sometimes a three a day, your not trapped holding your coins trying to send them to an exchange.
Keep them ready to fire, when things get crazy!

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[Mxrider420z]

I was looking on nice hash an theres a big order of a few bitcoin that has over 2500 miners and unlimited Ghs, a few of those would certainly unbalance the net hashrate

[Mountaingoat]

If I where to put all my XC in a wallet, would I get more XC?

I wouldn't bother at all keeping any coins in a wallet..
Keep your money on Mintpal or Poleinex.

Why?

Because if theirs a DUMP, and they happen all the time, sometimes a three a day, your not trapped holding your coins trying to send them to an exchange.
Keep them ready to fire, when things get crazy!

I am not selling anything until it reached a price that I am willing to sell.

[Ed4252]

If I where to put all my XC in a wallet, would I get more XC?

Yes. You will get 3.33% compounding interest per year. If you aren't familiar with the concept of compounding interest just google it, or go to Khan Academy. It's a really simple mathematical concept once you grasp it. 3.33% is not a lot but it's something. It's meant to be just enough to encourage people to leave their wallets open which act as full nodes (ledger keepers) during the PoS phase.

Also research wallet safety. Look up "bitcoin wallet safety" on google. You should always have backups of your wallet.dat file and have a good system of security for your personal accounts and passwords if you choose to store your bitcoin on a machine connected to the internet. In particular, if you browse the internet on a machine holding coins, make absolutely certain you don't click phishing links or download suspicious files from file sharing sites.

For POS wallet, can I still encrypt the wallet so someone who has the .dat file can't just send coins to themselves if they do gain acces?

[provenceday]

How many blocks left to end of POW??
That just then was a slaughtering, and much more to come with MP rape!
I HATE MP's, they kill our community's, look at what they've done to doge.

not long at all... tomorrow or the day after i thinks ?

Now we are on Block 19793, and pow will end at Block 22500,

so only 2707 Block left for Mining.

the Average time for one Block is：1.17 minutes

so about 2707*1.17=3167 Minutes left,about 60 Hour left to end pow!
have i made some mistake guys,
i would Prefer to end pow in 24 Hour,we do not need to wait Another 3 Big dump from Multipool anymore!

anybody agree with this?
otherwise we can just wait 60 hours to end pow,that‘s also no Problem.

Please stop typing in big letters it is a bit annoying to read.

sorry for that, normal now

[battbot]

I was looking on nice hash an theres a big order of a few bitcoin that has over 2500 miners and unlimited Ghs, a few of those would certainly unbalance the net hashrate

nicehash never has more than 7-11 GH/s total for x11 mining....

[policymaker]

price already pumping again, dump over I guess! can any1 tell me why my wallet doesnt PoS now pfff

[DjstarX]

Got the buy button on Lock ...Just waiting for that fool to dump again ...Clint Eastwood has nothing on me /

[provenceday]

price already pumping again, dump over I guess! can any1 tell me why my wallet doesnt PoS now pfff

you need to wait some time.

[provenceday]

16    X11Coin   $ 4,251,688   $ 0.794426   5,351,901 XC   $ 1,634,321   +77.96 %

[provenceday]

How many blocks left to end of POW??
That just then was a slaughtering, and much more to come with MP rape!
I HATE MP's, they kill our community's, look at what they've done to doge.

not long at all... tomorrow or the day after i thinks ?

Now we are on Block 19793, and pow will end at Block 22500,

so only 2707 Block left for Mining.

the Average time for one Block is：1.17 minutes

so about 2707*1.17=3167 Minutes left,about 60 Hour left to end pow!
have i made some mistake guys,
i would Prefer to end pow in 24 Hour,we do not need to wait Another 3 Big dump from Multipool anymore!

anybody agree with this?
otherwise we can just wait 60 hours to end pow,that‘s also no Problem.

Just wait  ^^

that's all right. so we can wait for this.

[coine_smithe]

If I where to put all my XC in a wallet, would I get more XC?

Yes. You will get 3.33% compounding interest per year. If you aren't familiar with the concept of compounding interest just google it, or go to Khan Academy. It's a really simple mathematical concept once you grasp it. 3.33% is not a lot but it's something. It's meant to be just enough to encourage people to leave their wallets open which act as full nodes (ledger keepers) during the PoS phase.

Also research wallet safety. Look up "bitcoin wallet safety" on google. You should always have backups of your wallet.dat file and have a good system of security for your personal accounts and passwords if you choose to store your bitcoin on a machine connected to the internet. In particular, if you browse the internet on a machine holding coins, make absolutely certain you don't click phishing links or download suspicious files from file sharing sites.

For POS wallet, can I still encrypt the wallet so someone who has the .dat file can't just send coins to themselves if they do gain acces?

Yes you can both put a password on your wallet using the wallet software, and then put the wallet.dat file into a truecrypt or other such type of encrypted folder with an additional password. Also, if you store it on a cloud service use Google Drive, not Dropbox. Dropbox files are googlable and someone can obtain your folder if they can crack the password. Theoretically if it was in a trucrypt folder with a dummy name then someone wouldn't be able to identify it's a Bitcoin wallet but it's not worth it to let other people be able to access the folder.

[Kuriso]

If I where to put all my XC in a wallet, would I get more XC?

I wouldn't bother at all keeping any coins in a wallet..
Keep your money on Mintpal or Poleinex.

Why?

Because if theirs a DUMP, and they happen all the time, sometimes a three a day, your not trapped holding your coins trying to send them to an exchange.
Keep them ready to fire, when things get crazy!

Something to keep in mind.  If XC goes pure POS, people need to keep coins staking or else there is a chance of 51% attack.  NC2 was attacked recently.  The attacker only needed 51% of the coins being staked.  Not 51% in circulation.  Something like 28 million coins were double spent.  Too many of the coins were on exchanges.  I think that there is a patch floating around for this but I couldn't find it.  Might contact the NC2 devs.


On another note, Dev could you please updated the OP with an outline of your plans for the coin.  What annon features you will be adding.  Possibly a rough timeline.  Maybe a little details about the current tech and how it works.  Needs to be easy to find.  I hate having to look through pages of replies when trying to link something for someone.

[atcsecure]

POW could be lowered to 21000 or 21500

[coine_smithe]

POW could be lowered to 21000 or 21500

Yes do it. The crypto public should all be well aware of the opportunity to mine this coin by now so nobody can argue that they didn't get a chance.

[provenceday]

POW could be lowered to 21000 or 21500

21000 is better, we do not need to feed the Multipool.

they do nothing good to this coin, just like a vampire

[braxx]

average time for block is now 1.17
it will rise to 1m30  (40 in 1 hour) (through difficulty)
(2700/40)=67 hours
67 hours = 2.8 days

[provenceday]

POW could be lowered to 21000 or 21500

Yes do it. The crypto public should all be well aware of the opportunity to mine this coin by now so nobody can argue that they didn't get a chance.

do it dev, the sooner the better, and you can put this on the ANN title, so every people know what will happen.

otherwise they may have some misunderstood.

[provenceday]

POW could be lowered to 21000 or 21500

21000 is better, we do not need to feed the Multipool.

they do nothing good to this coin, just like a vampire

Multipool is a vampire

[BADASS]

As many say you only lose money when you sell below your buy price. Only buy when you are confident that it will remain at or exceed that price in a time period you are comfortable with. Also don't sell a coin just because of a price movement. As you cans see the price is already recovering. During certain events like today with Darkcoin going down and coming back up, market manipulators will scare you into selling at a loss, and even worse, re-buying at a loss again, and possibly even selling at a loss a second time.

This is the folly of day traders which should be absolutely avoided. It is where the whales make all of their money. As an investor your job is buy and hold with the confidence that you will reach a return. In the meantime the price may fluctuate but your job is to know that it will return to the price that you are comfortable selling at. Sometimes that may mean selling at a loss if catastrophe occurs to the coin, but as you can see here absolutely nothing of the sort has occurred. The price fluctuations are purely temporary and meaningless except to steal money from panicking day traders.

I appreciate the advice, but I've been trading on exchanges for two months solid.
Cryptocurrency is one of the craziest games you can play!
I'm a Vagabond traveling through the crypto world. If a coin is still going strong after a week, I am very surprised.
I never make any money from sitting on a coin, hope in this game will burn you for everything you have.

You have to read the movements of the coins. What times they are going up, when they are going down, and you must have the right TOOLS for the job to alert you when theirs a PUMP or DUMP is happening.
I have come from the WC train, the AC train, the Dorkcoin train and am now here.
Looking good atm. Lots of pages, lots of movement, vibe is good and only all so new.
Will be staying till the greed kicks in!