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Author Topic: ★[ANN] [NAV] NAV COIN - Community Fund Live!!!  (Read 2085716 times)
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Ginger Ninja
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They walk among us...


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January 20, 2016, 08:49:52 PM
 #16341

Craptsy was problematic long time ago before this. If some people ignore that, and hold large ammounts there, it is only their foolishness...

Agreed. I also remember them taking months and months to install the new Nav wallet as Hash said.
hashforce101
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January 20, 2016, 09:17:55 PM
 #16342

Yeah the problem is the Crpysty Exchange was aware 1.5 years ago of the theft and only choose to announce it now and disable many Altcoin wallets without notice to its customers. They should have announced the issue back in 2014 . Cryptsy continued to trade and except bitcoin with a major security breach and theft. Everyone  could notice a major drop in the level of technical support. Most likely many technical staff abandoned ship with the realisation of theft. Leaving Big Vern (Cryptsy) hiring new staff. Etc. and keeping a huge secret

I remember Big Vern replying to us saying our wallet should be updated tomorrow and then so many weeks went past. Imagine they were aware of 13,000 BTC missing at that time and continued risking excepting more BTC and later Navajocoin. Nowing of major investor risk on their exchange. There is now a class action lawsuit against the Cryptsy exchange for losses.

Anyway this exchange lead by Big Vern is lacking communication knowing what they knew. I hope everyone withdraws their Navajocoin at first opportunity.

Cryptsy should have been transparent from day 1 . 1.5 years ago.
But this is the decision Big Vern choose 

sluppy
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January 20, 2016, 10:06:14 PM
 #16343

Ye Big Vern has some Big problems.
I read on another thread that he was involved in the Mintsy deal about a month after the theft so he had good reasons to keep things quiet.
I hope he gets caught and jailed for a long time I'm getting really sick of the crypto business with all these thieves and scammers getting away with murder.

The only thing necessary for the triumph of evil is for good men to do nothing. Edmund Burke -- May the forces of evil become confused on the way to your house.George Carlin
We pay for life with death , so everything in between should be free. Bill Hicks -- It is during our darkest moments that we must focus to see the light. Aristotle
Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment. Buddha -- The only true wisdom is in knowing you know nothing. Socrates
hashforce101
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January 21, 2016, 01:53:13 AM
 #16344

Ye Big Vern has some Big problems.
I read on another thread that he was involved in the Mintsy deal about a month after the theft so he had good reasons to keep things quiet.
I hope he gets caught and jailed for a long time I'm getting really sick of the crypto business with all these thieves and scammers getting away with murder.


Yeah bro - those of us that are fully into Crypto and read as much about the Crypto world can feel the underlying reality of its weaknesses and strengths. Mt Gox was a wake up call . From Mt Gox we all realized spreading your BTC and Navajocoin was a safer bet across exchanges. Cryptsy & BTER hacks next. Then the Blockchain debate and Mr Hearn leaving Bitcoin for R3. It's a crazy time. I have watched China take control of Bitcoin and the Banks take over the BTC Blockchain technology.

If many Altcoins had a direct Fiat link and did not have to pass through BTC we would not be in this mess today.

Currently ALL Cryptocurrencies need to go via a BTC transaction before you can even buy or sell a single Navajocoin. Navajocoin could do extremely well  BUT if BTC which is in the technological past has a stumble the entire chain of crypto Currencies pay the price. This is not a Decentralized system. It's not the way for innovation and evolution of this new Monetary system.

If we had a hypothetical vote. Which currency is better Bitcoin or Navajocoin. Navajocoin would win on every comparison .

Yes Decentralization is coming to Navajocoin to make it the king of kings.

Anyway the solution to All ths is - independence

Each crypto  currency works independently and directly with Fiat. The Crypto currency stands on its own merit via its own evolution. , strength and weaknesses. I exchange  $600 dollars and buy Navajocoin and then I sell Navajocoin and buy dollars. No BTC involvement required. No waiting on processing,  No worries about BTC theft on an exchange corrupting my Navajocoin value . It would be a BTC problem but currently its an entire Crypto Community problem affecting ALL Currencies via the so called king of crypto.

This system is stupid for the future evolution of Crypto in general. The Bitcoin community is holding the entire Crypto Altcoin world and it's true potential In the past.

I think Satoshi Nakamato is just shaking his / her head with all the n decisions affecting Bitcoin today. The Exchanges also need to lift there standards and Pakage's article explains that very well.

Do we need Satoshi Nakamato - hell no . Do we respect Satoshi Nakamato - hell yes. What we do need is a revolution from all the different Altcoin developers to start thinking about independence.


nwfella
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Well hello there!


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January 21, 2016, 02:11:42 AM
 #16345

Agree with hashforce101 on most of his points save for one glaring not a chance.

Comparing NAV to BTC at this point not even an option.  This coin is distributed amongst what maybe 100-200 people around the world at most?  Nav has great promise don't get me wrong, but to say things like this just obvious hype.

*So the question becomes, which of you brave souls is going to launch the first fiat/nav exchange?!?! :p

¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿

Gimme the crypto!!
hashforce101
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January 21, 2016, 02:41:22 AM
 #16346

Agree with hashforce101 on most of his points save for one glaring not a chance.

Comparing NAV to BTC at this point not even an option.  This coin is distributed amongst what maybe 100-200 people around the world at most?  Nav has great promise don't get me wrong, but to say things like this just obvious hype.

*So the question becomes, which of you brave souls is going to launch the first fiat/nav exchange?!?! :p

Yeah point taken on distribution but I  could have replaced Navajocoin with a  different Altcoin name for the example above so no hype intended. The real world frustrations of  Bitcoin influencing the entire Crypto line of Currencies is a massive mistake and the more Altcoins that can detach themselves from Bitcoin the quickeer the next leap forward can be achieved. Bitcoin is stuck. Stuck in a bog hole and pulling the entire system down with it. In every possible way.
nwfella
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January 21, 2016, 02:45:24 AM
 #16347

Agree with hashforce101 on most of his points save for one glaring not a chance.

Comparing NAV to BTC at this point not even an option.  This coin is distributed amongst what maybe 100-200 people around the world at most?  Nav has great promise don't get me wrong, but to say things like this just obvious hype.

*So the question becomes, which of you brave souls is going to launch the first fiat/nav exchange?!?! :p

Yeah point taken on distribution but I  could have replaced Navajocoin with a  different Altcoin name for the example above so no hype intended. The real world frustrations of  Bitcoin influencing the entire Crypto line of Currencies is a massive mistake and the more Altcoins that can detach themselves from Bitcoin the quickeer the next leap forward can be achieved. Bitcoin is stuck. Stuck in a bog hole and pulling the entire system down with it. In every possible way.
On this we can most certainly agree. There are a few coins developing some respectable usd volume on a few of the exchanges but nothing when compared to relative btc volume.  Hopefully nav gets big enough to justify a spot in some of the more established exchanges usd markets.

¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿

Gimme the crypto!!
hashforce101
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January 21, 2016, 03:16:29 AM
 #16348

Agree with hashforce101 on most of his points save for one glaring not a chance.

Comparing NAV to BTC at this point not even an option.  This coin is distributed amongst what maybe 100-200 people around the world at most?  Nav has great promise don't get me wrong, but to say things like this just obvious hype.

*So the question becomes, which of you brave souls is going to launch the first fiat/nav exchange?!?! :p

Yeah point taken on distribution but I  could have replaced Navajocoin with a  different Altcoin name for the example above so no hype intended. The real world frustrations of  Bitcoin influencing the entire Crypto line of Currencies is a massive mistake and the more Altcoins that can detach themselves from Bitcoin the quickeer the next leap forward can be achieved. Bitcoin is stuck. Stuck in a bog hole and pulling the entire system down with it. In every possible way.
On this we can most certainly agree. There are a few coins developing some respectable usd volume on a few of the exchanges but nothing when compared to relative btc volume.  Hopefully nav gets big enough to justify a spot in some of the more established exchanges usd markets.

Yeap these are diffently the types of exchanges Navajocoin should go for a  direct USD/NAV conversion when the time is right as nwfella has  said. Perfect statement nwfella.
joywon
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January 21, 2016, 04:06:41 AM
 #16349

wa wa waiting for the day Cheesy
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January 21, 2016, 07:07:23 AM
 #16350

navajocoin.org down... did i just try at a bad time? updating maybe?
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January 21, 2016, 08:52:54 AM
 #16351

navajocoin.org down... did i just try at a bad time? updating maybe?

hm maybe a network hickup? All ok here Smiley
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January 21, 2016, 11:36:21 AM
 #16352

navajocoin.org down... did i just try at a bad time? updating maybe?

I allways recheck with the "google"  website down for everyone or just me site.

The only thing necessary for the triumph of evil is for good men to do nothing. Edmund Burke -- May the forces of evil become confused on the way to your house.George Carlin
We pay for life with death , so everything in between should be free. Bill Hicks -- It is during our darkest moments that we must focus to see the light. Aristotle
Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment. Buddha -- The only true wisdom is in knowing you know nothing. Socrates
sluppy
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January 21, 2016, 11:40:19 AM
 #16353

Cryptsy seems to be opening only the wallets that where not on maintenance before.
I see a lot of wallets in the first batch A-D that are still in maintenance.(maybe they only open the ones they where not "fractional reserving on".)
Maybe devs can try to contact Cryptsy (again for the Xth time) and ask if they need help updating the wallet.

The only thing necessary for the triumph of evil is for good men to do nothing. Edmund Burke -- May the forces of evil become confused on the way to your house.George Carlin
We pay for life with death , so everything in between should be free. Bill Hicks -- It is during our darkest moments that we must focus to see the light. Aristotle
Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment. Buddha -- The only true wisdom is in knowing you know nothing. Socrates
Remy_5
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January 21, 2016, 01:02:16 PM
 #16354



Well, a very little weekly update.

The Official Block Explorer is working, but for now it is behind of
about 90 minute, but anyway the official rich-list match my list.

The block interval time, is still near the 28 Sec in average, with
some little variation during the days, and it's ok for now.
The Orphan Blocks seen by my wallet are low, near 5%.

Regarding the block offset spread, there is been a little peak near
the -60 sec, but now it is slowly going toward the -40, probably
this is due to some staking node which still use the old wallet V. 3.0.

sparksi
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January 21, 2016, 03:30:16 PM
 #16355

I've kept my wallet offline for whole December. I've updated wallet lately to 3.2.0.0 and kept wallet on twice for +15 hours in row, but I can't get any stakes with 16000 NAV. Wallet is staking and it's expected to stake in 3 hours. Usually it's approximately double of that, but it's not staking in even 5 times of that. There must be some kind of issue as I can't be this unlucky. And I haven't received any orphans either.
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January 21, 2016, 03:38:40 PM
 #16356

Let's hope everybody will get his coins from cryptsy... btw. anybody knows, which address is cryptsy on the richlist? I know #2 is Bittrex.


This is a difficult question.

In the best case in the rich list you can see a single cold address, not the amount of all the addresses under their control.

I seem to recall that the last time I saw active the sell order book on Cryptsy, before it
was deleted, the total was at least 325K Nav.

Obviously there are also many users who despite having the money deposited in Cryptsy,
did not have put them on sell order, then the total should be much greater.

If I had to guess ... I would say that on cryptsy, there are still frozen no less than 950K Nav, perhaps many more.


PS:
The Block Explorer now is more update then before.


shahim
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January 21, 2016, 03:50:38 PM
 #16357

I've kept my wallet offline for whole December. I've updated wallet lately to 3.2.0.0 and kept wallet on twice for +15 hours in row, but I can't get any stakes with 16000 NAV. Wallet is staking and it's expected to stake in 3 hours. Usually it's approximately double of that, but it's not staking in even 5 times of that. There must be some kind of issue as I can't be this unlucky. And I haven't received any orphans either.

What is your network weight with 16.000 NAV? It really depends on more factors than the amount.
Remy_5
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January 21, 2016, 03:58:27 PM
 #16358

I've kept my wallet offline for whole December. I've updated wallet lately to 3.2.0.0 and kept wallet on twice for +15 hours in row, but I can't get any stakes with 16000 NAV. Wallet is staking and it's expected to stake in 3 hours. Usually it's approximately double of that, but it's not staking in even 5 times of that. There must be some kind of issue as I can't be this unlucky. And I haven't received any orphans either.

There is always a degree of variability with respect to the occurrence of staking.

So far it seems to me that you're in average. You probably have to wait a still a little more.

Only for reasons of scruple, look at the size of the files debug.log and after some hours
check that it is not growing in an exaggerated way.

Remy_5
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January 21, 2016, 04:33:06 PM
 #16359

Yeah the problem is the Crpysty Exchange was aware 1.5 years ago of the theft and only choose to announce it now and disable many Altcoin wallets without notice to its customers. They should have announced the issue back in 2014 .

In fact even Polo long ago was hacked, and in that case the admin
reacted very differently, and why it deserved praise.

I do not know how many of you have followed the troll box of Cryptsy in
recent weeks, in it the admin decidedly denied that there had been a theft
in Cryptsy, indeed they threatened a ban of one year to anyone who would
say such a thing without taking the evidence.

During the long absence of Big Vern, the version that was "suggested",
without saying it explicitly, and that the cold wallet were under seizure,
due to some investigations regarding the Anti Money Laundry and legal
practices required for the Know Your Client.

One of the admin in particular, he said that as a result of optimizations
logic of wallet only customers which activated the Tier 2, by sending all
their personal records, would have precedence in withdrawn.

Many have joined and began to send copies of documents and bills,
but these withdrawn received no priority, as even customers who have
long time achieved the tier 2.

A few days later however, came the announcement of the closure of the
headquarters, and the phishing attempt, and also the closure of the chatbox.



Remy_5
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January 21, 2016, 04:47:04 PM
 #16360


Currently ALL Cryptocurrencies need to go via a BTC transaction before you can even buy or sell a single Navajocoin. Navajocoin could do extremely well  BUT if BTC which is in the technological past has a stumble the entire chain of crypto Currencies pay the price. This is not a Decentralized system. It's not the way for innovation and evolution of this new Monetary system.

If we had a hypothetical vote. Which currency is better Bitcoin or Navajocoin. Navajocoin would win on every comparison .


ROTFL Hashforce is totally gone.  Grin Grin

It reminds me of a joke of an ant trying to strangle an elephant. Wink

However, many believe that all the various AltCoin are nothing but
a system to support the existence of bitcoin, and the whole industry
which moves around.

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