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

[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.

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.

MRO has a fast initial distribution and a lower distribution later on, yet you say that's bad too.

[atcsecure]

Well I guess we all know now that there is an either a massive X11 FPGA Farm, new Asic, a ton of GPU power out there... and if it is either 1 or 2, then this is a major issue in my mind and i think it further justifies the need to switch over to POS much, much, much sooner than expected - ie tomorrow night


Also on the mixer, the minimum I mentioned might be too low with the current code, so use at least 0.1

[HardwarePal]

AlexGR would you mind stating something of a better distribition and inflation model for XC maybe the dev would consider it if its detailed enough.

[flipboxx]

Well I guess we all know now that there is an either a massive X11 FPGA Farm, new Asic, a ton of GPU power out there... and if it is either 1 or 2, then this is a major issue in my mind and i think it further justifies the need to switch over to POS much, much, much sooner than expected - ie tomorrow night


Also on the mixer, the minimum I mentioned might be too low with the current code, so use at least 0.1

1. POS idea is great!
2. Okay, any ETA for a Mac wallet with Anon?

Thanks for your hard work, you're doing a great job - appreciate it!

[ifightformerkel]

Well I guess we all know now that there is an either a massive X11 FPGA Farm, new Asic, a ton of GPU power out there... and if it is either 1 or 2, then this is a major issue in my mind and i think it further justifies the need to switch over to POS much, much, much sooner than expected - ie tomorrow night


Also on the mixer, the minimum I mentioned might be too low with the current code, so use at least 0.1

tomorrow or better today end the POW and switch to POS
around 5.2 million coins is a nice number

[dadon]

Well I guess we all know now that there is an either a massive X11 FPGA Farm, new Asic, a ton of GPU power out there... and if it is either 1 or 2, then this is a major issue in my mind and i think it further justifies the need to switch over to POS much, much, much sooner than expected - ie tomorrow night


Also on the mixer, the minimum I mentioned might be too low with the current code, so use at least 0.1

everytime you post i like you a little bit more  (tears of joy)

[CryptoGretzky]

Well I guess we all know now that there is an either a massive X11 FPGA Farm, new Asic, a ton of GPU power out there... and if it is either 1 or 2, then this is a major issue in my mind and i think it further justifies the need to switch over to POS much, much, much sooner than expected - ie tomorrow night


Also on the mixer, the minimum I mentioned might be too low with the current code, so use at least 0.1

If we don't end POW soon... all the coins will be in the hands of the major farm... and you know what they will do to the coin?!?!?      They don't care about any coins long term.  Just to dump it and get btc.

[ifightformerkel]

Well I guess we all know now that there is an either a massive X11 FPGA Farm, new Asic, a ton of GPU power out there... and if it is either 1 or 2, then this is a major issue in my mind and i think it further justifies the need to switch over to POS much, much, much sooner than expected - ie tomorrow night


Also on the mixer, the minimum I mentioned might be too low with the current code, so use at least 0.1

If we don't end POW soon... all the coins will be in the hands of the major farm... and you know what they will do to the coin?!?!?      They don't care about any coins long term.  Just to dump it and get btc.

this, pls end the POW asap

[badam]

Well I guess we all know now that there is an either a massive X11 FPGA Farm, new Asic, a ton of GPU power out there... and if it is either 1 or 2, then this is a major issue in my mind and i think it further justifies the need to switch over to POS much, much, much sooner than expected - ie tomorrow night


Also on the mixer, the minimum I mentioned might be too low with the current code, so use at least 0.1

Really wise moove. At last finally a dev monitoring market situation and acting fast without waiting for multipools and gpu farmers to crash the price.

[atcsecure]

Based on several factors the block height has been reduced to 22.5k - and then it will be POS only - Unfortunately there isn't a great formula that also maintains network integrity.

An updated windows wallet with the change will be released, GITHUB has already been updated, the 3 exchanges will need to update their wallets asap....

[nrg_wolf]

Well I guess we all know now that there is an either a massive X11 FPGA Farm, new Asic, a ton of GPU power out there... and if it is either 1 or 2, then this is a major issue in my mind and i think it further justifies the need to switch over to POS much, much, much sooner than expected - ie tomorrow night


Also on the mixer, the minimum I mentioned might be too low with the current code, so use at least 0.1

If we don't end POW soon... all the coins will be in the hands of the major farm... and you know what they will do to the coin?!?!?      They don't care about any coins long term.  Just to dump it and get btc.

this whole X11 FPGA sounds like to much of a rumour then a fact, i have yet to find any facts that could lead to it being real and not just some fud.

[dadon]

Based on several factors the block height has been reduced to 22.5k - and then it will be POS only - Unfortunately there isn't a great formula that also maintains network integrity.

An updated windows wallet with the change will be released, GITHUB has already been updated, the 3 exchanges will need to update their wallets asap....

i'm sry if i seam to be a suckup i'm honestly not, im just ecstatic, you are the best crypto DEV ever hands down..

[maxsinner]

Well I guess we all know now that there is an either a massive X11 FPGA Farm, new Asic, a ton of GPU power out there... and if it is either 1 or 2, then this is a major issue in my mind and i think it further justifies the need to switch over to POS much, much, much sooner than expected - ie tomorrow night


Also on the mixer, the minimum I mentioned might be too low with the current code, so use at least 0.1

I am surprised the price is not already 200k+ after such news. Have you picked the new block where PoW ends already?

[ibfragalot2]

Based on several factors the block height has been reduced to 22.5k - and then it will be POS only - Unfortunately there isn't a great formula that also maintains network integrity.

An updated windows wallet with the change will be released, GITHUB has already been updated, the 3 exchanges will need to update their wallets asap....

Thankyou for taking quick action. I was concerned myself when I saw the insane amount of hash directed at XC today.

[zangokoon]

 I see it raise ,but i didn't buy  it..

[atcsecure]

Well I guess we all know now that there is an either a massive X11 FPGA Farm, new Asic, a ton of GPU power out there... and if it is either 1 or 2, then this is a major issue in my mind and i think it further justifies the need to switch over to POS much, much, much sooner than expected - ie tomorrow night


Also on the mixer, the minimum I mentioned might be too low with the current code, so use at least 0.1

I am surprised the price is not already 200k+ after such news. Have you picked the new block where PoW ends already?

yes 22.5k

[provenceday]

Anybody can write a Article on XC coin and post it on coindesk or yahoo finance？？？

community will donate for this???

[CryptoGretzky]

Based on several factors the block height has been reduced to 22.5k - and then it will be POS only - Unfortunately there isn't a great formula that also maintains network integrity.

An updated windows wallet with the change will be released, GITHUB has already been updated, the 3 exchanges will need to update their wallets asap....

This is an absolute brilliant and decisive move to protect the coins from the huge farm!   T

[tianfuzi]

Compiling the last build of the night... I will be uploading shortly.  The good news is that the features outlined in the visio are fully implemented and 100% functional as designed.  The bad news is I'm exhausted and was not able to update the QT side so you will need to use the console via the debug option on this windows release.

the command is

sendfrommixer <account> <X11address> <# of XC>


so example


sendfrommixer "" <X11Address> 1


if you have multiple accounts with labels, put the label inside ""

Limit your transactions to 1 XC or less for this current phase

This is beta software, please exercise caution

Awesome.You are a GREAT DEV. Thanks your hard work. We love X11coin.

[ifightformerkel]

So in how many hours the POW ends and the POS starts?