[ANN][XST] Stealth-Coin.com | Tor | StealthText, World's first anonymous SMS Tx!

[tx42]

I am going to disagree with Hondo. Big time. But not only the "stat" is a complete fallacy (contrary to his opinion, the overwhelming majority of established coins do stake 50-80% or more of their float) the MOST important factor is that a coin that only stakes 20-25% is EXTREMELY vulnerable to a successful -and fatal, for it means the end of the coin- "double spending" attack. Better known as a "51% attack". For instance: If only 2 million Stealthcoin stake, anyone with much less than 2 million coins can carry out a successful attack. Even Owning "only" 1.6 million. Anything above that increases the speed of the success in the attack and, obviously, 2 million and one coin guarantees the success of the attack on first try. That means the immediate end of the coin. That's why it is so important that the  staking is as high as possible, at least above the 50% threshold.

But, according to Hondo's fallacy, then Stealthcoin doesn't provide 20% interest (or POS benefit) but much less in fact since the figure of 20% is reached under the false pretenses and calculations exposed above, the real figure -the one written in the code- is much lower, at -I imagine- 5%. Still quite crazy and impossible to sustain with time. Obviously Stealthcoin has not been designed with any idea of future, beyond the P&D phase.

To illustrate the situation I will offer the example of a similar coin -in figures-, Vericoin. It has just under 27 million coins. When 8 million of those were stolen from Mintpal a few weeks back, the devs were forced to fork the blockchain to the time previous to the theft, thus invalidating it. Otherwise, the coin was destroyed since 8 million coins were close to 100% of all the coins staking, therefore the attack would be almost immediately successful, if not at the first try. Vericoin, atm has a steady rate of staking -at much lower levels than 5% interest, less than half that in fact- of 15-20 million of it's total of 26.7 million coins.

It seems that you don't understand still. If you check the actual inflation rate of any coin versus the interest rate THAT'S IN THE CODE, you'll see that the inflation is much less than the interest rate.

No one is hiding anything, troll. That's just what happens. I am very diligent about staking my coins, and I get maybe only 70-80% of the stated interest rate. I do things like reboot my computer, etc., and forget to re-launch wallets. And so on. It's hard to stake coins. It takes as much work as mining almost, but without all the electricity.

Most users don't bother at all. Like you, they put their coins on an exchange and forget about them. Users don't bother staking because STAKING TAKES WORK and it's too much trouble to move them on and off an exchange and then they lose age whent that happens. Users don't upgrade wallets, exchanges don't stake their hot wallets, etc. etc. etc.

You can argue all you want, but if you don't want to sound like a windbag troll fudster, support your position with some analysis for god's sake.


barabbas trying to argue against reality

[bitcrypto10101]

I am going to disagree with Hondo. Big time. But not only the "stat" is a complete fallacy (contrary to his opinion, the overwhelming majority of established coins do stake 50-80% or more of their float) the MOST important factor is that a coin that only stakes 20-25% is EXTREMELY vulnerable to a successful -and fatal, for it means the end of the coin- "double spending" attack. Better known as a "51% attack". For instance: If only 2 million Stealthcoin stake, anyone with much less than 2 million coins can carry out a successful attack. Even Owning "only" 1.6 million. Anything above that increases the speed of the success in the attack and, obviously, 2 million and one coin guarantees the success of the attack on first try. That means the immediate end of the coin. That's why it is so important that the  staking is as high as possible, at least above the 50% threshold.

But, according to Hondo's fallacy, then Stealthcoin doesn't provide 20% interest (or POS benefit) but much less in fact since the figure of 20% is reached under the false pretenses and calculations exposed above, the real figure -the one written in the code- is much lower, at -I imagine- 5%. Still quite crazy and impossible to sustain with time. Obviously Stealthcoin has not been designed with any idea of future, beyond the P&D phase.

To illustrate the situation I will offer the example of a similar coin -in figures-, Vericoin. It has just under 27 million coins. When 8 million of those were stolen from Mintpal a few weeks back, the devs were forced to fork the blockchain to the time previous to the theft, thus invalidating it. Otherwise, the coin was destroyed since 8 million coins were close to 100% of all the coins staking, therefore the attack would be almost immediately successful, if not at the first try. Vericoin, atm has a steady rate of staking -at much lower levels than 5% interest, less than half that in fact- of 15-20 million of it's total of 26.7 million coins.

It seems that you don't understand still. If you check the actual inflation rate of any coin versus the interest rate THAT'S IN THE CODE, you'll see that the inflation is much less than the interest rate.

No one is hiding anything, troll. That's just what happens. I am very diligent about staking my coins, and I get maybe only 70-80% of the stated interest rate. I do things like reboot my computer, etc., and forget to re-launch wallets. And so on. It's hard to stake coins. It takes as much work as mining almost, but without all the electricity.

Most users don't bother at all. Like you, they put their coins on an exchange and forget about them. Users don't bother staking because STAKING TAKES WORK and it's too much trouble to move them on and off an exchange and then they lose age whent that happens. Users don't upgrade wallets, exchanges don't stake their hot wallets, etc. etc. etc.

You can argue all you want, but if you don't want to sound like a windbag troll fudster, support your position with some analysis for god's sake.


barabbas trying to argue against reality

Ps : HONDO deliver unique technology not promises

[visual111]

You're still not want to understand my point;
Say 1 coin have market cap of $1mill and a second coin is $4mil then soon both coins will be $2.5mil each. There is no purpose to join a Supernet if you want your coin to be alive, only dying coin would join. This was mentioned as all coins would have all the futures that other coins have so no coin is different. This is the bad idea.
Who is benefits the most? Probably NXT and BitcoinDark but other coins are just little pawns.

I see your point on coins merging value, I hadn't thought of it like that before

In cryptocurrencys there are people that think outside the box and don't only think about enriching them self.

Just look all the trolls since Mai now triggered that the  Alternate Cryptocurrencies are moderated now. We need a way to grow with each other not to fight against each other and maybe even replace bitcoin.

Just remembered when Bitcoin die then all cryptos would die. Is this what you want?

I disagree with this. I think bitcoin will fade away eventually, especially if the current lack of development continues. bitcoin was a stepping stone to 2.0 coins. there is no need for bitcoin anymore, but there is a need for 2.0 coins. they serve in all the ways that bitcoin does and contain additional features. why use bitcoin when there are other cryptos that are better? it's like netscape web browser. popular for a bit, but it faded away because better browsers emerged

[bitcrypto10101]

just let them trolling and fudding

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi2.kym-cdn.com%2Fphotos%2Fimages%2Foriginal%2F000%2F118%2F807%2F42.gif&t=544&c=LDkNgxDOyylJ7w



soon ... it Comes to an end

[deadliftbrah]

As appropriate as it get's on this thread!

[RadDragon]

How does XST compare to KORE?

Any takers?

[bitcad4u]

How does XST compare to KORE?

Any takers?

XST will be the ultimate anon coin utilizing newest Ring Signature Ideas that are yet to be seen in any other coin.   Kore coin I do not know much about because the white paper page wont even load: http://kore-coin.com/Whitepaper-Rev2.pdf

sorry I cant be much more help.  From what I understand though, XST does ANON right, it also does Anon properly to the point of being a long term viable solution for use in markets of high volume (no block chain bloat)

[Bromhead]

Stupid Question time that has probably already been answered...

I have some coins in my wallet how long do I need to keep them until they mature and start staking?

Thanks

[xtent]

Stupid Question time that has probably already been answered...

I have some coins in my wallet how long do I need to keep them until they mature and start staking?

Thanks

It is on the front page: •Coin PoS age: Min. 3 days / Max. 9 days / coins stop aging at 15 days

[Bromhead]

Stupid Question time that has probably already been answered...

I have some coins in my wallet how long do I need to keep them until they mature and start staking?

Thanks

It is on the front page: •Coin PoS age: Min. 3 days / Max. 9 days / coins stop aging at 15 days

So does my wallet need to be open and syncing for 3-9 days? or does it accumulate every time my laptop is on?

Cheers for the response.

[Manipulator]

Staking works fine.

[boopy265420]

Stupid Question time that has probably already been answered...

I have some coins in my wallet how long do I need to keep them until they mature and start staking?

Thanks

It is on the front page: •Coin PoS age: Min. 3 days / Max. 9 days / coins stop aging at 15 days

So does my wallet need to be open and syncing for 3-9 days? or does it accumulate every time my laptop is on?

Cheers for the response.

You can stake every 3rd day . You need not to let your laptop open 3-9 days. Just keep your coins in wallet minimum for 3 days and then let wallet open and rest of work wallet will done by itself.

[Bromhead]

Stupid Question time that has probably already been answered...

I have some coins in my wallet how long do I need to keep them until they mature and start staking?

Thanks

It is on the front page: •Coin PoS age: Min. 3 days / Max. 9 days / coins stop aging at 15 days

So does my wallet need to be open and syncing for 3-9 days? or does it accumulate every time my laptop is on?

Cheers for the response.

You can stake every 3rd day . You need not to let your laptop open 3-9 days. Just keep your coins in wallet minimum for 3 days and then let wallet open and rest of work wallet will done by itself.

Thanks very much!

[adhitthana]

AS I said, this coin looks very interesting.
1.An audit from Dan Metcalf
2.A lot less bloat with the advantages of ring signatures.

Can someone explain this?

Coin PoS age: Min. 3 days / Max. 9 days / coins stop aging at 15 days

Bump....can someone please explain this?

[Bobsurplus]

AS I said, this coin looks very interesting.
1.An audit from Dan Metcalf
2.A lot less bloat with the advantages of ring signatures.

Can someone explain this?

Coin PoS age: Min. 3 days / Max. 9 days / coins stop aging at 15 days

Bump....can someone please explain this?

Bump, yes, someone please explain this.

Thank you.

[EmilioMann]

This is barabbas aka Iconic Expert aka Christopher Blouzy aka many other schizophrenic alteregos
spending the money who stole from the blackcoin community

I'm glad he didn't like stealthcoin, every coin he touches turns to shit. The only one he couldnt turn shit was blackcoin due its amazing community





Look this: https://bitcointalk.org/index.php?topic=645899.0

[risefromtheashes74]

This is barabbas aka Iconic Expert aka Christopher Blouzy aka many other schizophrenic alteregos
spending the money who stole from the blackcoin community

I'm glad he didn't like stealthcoin, every coin he touches turns to shit. The only one he couldnt turn shit was blackcoin due its amazing community



http://i1357.photobucket.com/albums/q744/EmilioMann/download5_zps2d93250f.jpeg

Look this: https://bitcointalk.org/index.php?topic=645899.0

Is that a snake in his pants, or is he just glad to see us?

[EmilioMann]

This is barabbas aka Iconic Expert aka Christopher Blouzy aka many other schizophrenic alteregos
spending the money who stole from the blackcoin community

I'm glad he didn't like stealthcoin, every coin he touches turns to shit. The only one he couldnt turn shit was blackcoin due its amazing community





Look this: https://bitcointalk.org/index.php?topic=645899.0

Is that a snake in his pants, or is he just glad to see us?

I think he is a eunuch and uses a sock as prosthesis

[risefromtheashes74]

This is barabbas aka Iconic Expert aka Christopher Blouzy aka many other schizophrenic alteregos
spending the money who stole from the blackcoin community

I'm glad he didn't like stealthcoin, every coin he touches turns to shit. The only one he couldnt turn shit was blackcoin due its amazing community



http://i1357.photobucket.com/albums/q744/EmilioMann/download5_zps2d93250f.jpeg

Look this: https://bitcointalk.org/index.php?topic=645899.0

Is that a snake in his pants, or is he just glad to see us?

I think he is a eunuch and uses a sock as prosthesis

Good call... LOL!!!

[Bobsurplus]

Anyone here wanna fill me in on what I missed today in this wonderful community I like to call my second family.