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Author Topic: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine  (Read 576372 times)
Pale Phoenix
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August 05, 2014, 06:22:19 AM
 #1081


I guess we are going in circles, but that is why it should have been the least of your worries in developing it. But to each his own.

There is no doubt in my mind this coin would be seeing more early success (and that, often, later success builds on early success) had a mature PoW been used. Perhaps there is no doubt in your mind that I am wrong. I guess that's why altcoins are so much fun.




Sheesh, your concern trolling is tiresome.

"More early success?" Pfft, that's just an empty assertion to justify your belabored critique. You've repeatedly shared your concerns, but the coin will not be relaunched, nor will the developer's design decisions be revisited.  Perhaps we can let the market take it from here?

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August 05, 2014, 06:32:49 AM
 #1082

but the coin will not be relaunched, nor will the developer's design decisions be revisited.  Perhaps we can let the market take it from here?

You don't know that. I'd definitely fork it, toss the PoW and relaunch it myself if I weren't already busy with other things. If someone else wants to do it, it may happen.

It would actually be a bad bet to say this coin won't be forked. Whether those inevitable forks get any success is hard to say. Launch problems definitely help forks, but it is a question of degree.

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August 05, 2014, 06:53:00 AM
 #1083

what you don't understand is this:  the technology of XCN is so great it should overcome the inflation issue

Rich with Cannabiscoin
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August 05, 2014, 07:02:24 AM
 #1084

what you don't understand is this:  the technology of XCN is so great, the inflation is part of a great long-term fair distribution plan


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August 05, 2014, 07:08:13 AM
 #1085

what you don't understand is this:  the technology of XCN is so great, the inflation is part of a great long-term fair distribution plan


Since I've been critical of some things, for balance I will point out that this is probably my favorite part of this coin.

No it likely won't have a massive pump (and perhaps the pumps it has already seen have been too high -- I believe this), but that means the price will stay low enough for people to buy in or mine at reasonable difficulties for a long time. Coins that want to shut the door after a few early adopters get in are great for pump-and-dump purposes but have no real chance long term. It also means serious, potentially existential and possibly unfixable, problems with mining incentives that plague most other coins (including at some point Bitcoin) don't come up for many, many decades.


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August 05, 2014, 07:13:03 AM
 #1086

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Name:   bitfreak!
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user 14351, congratulations to your post #1000

:-)

no sign of a signature
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August 05, 2014, 07:28:38 AM
 #1087

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Name:   bitfreak!
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user 14351, congratulations to your post #1000

:-)

you the best i love you
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August 05, 2014, 07:37:40 AM
 #1088

I do take issue with muddying the waters on an otherwise interesting and innovative coin by throwing in an unproven and immature PoW. PoW is cryptography. Cryptography is hard. This was a blunder.
LOL everything about this coin is unproven and highly experimental. We designed an entire CRYPTO-currency here, the PoW algorithm should be the least of your worries, it's probably the most trustworthy aspect of the coin compared to all the other new ideas implemented in this coin.


go Ahead  Wink
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August 05, 2014, 08:15:38 AM
 #1089

@bitfreak are you worried about possible clones?

Rich with Cannabiscoin
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August 05, 2014, 08:31:48 AM
 #1090

Any pools not listed?
1GH seems to be the only one running right now.
And there is a problem with 1GH. When I put on it 400KH - it shows 400KH, but when I put on it 12 Mh it shows 6Mh. Where is 50% of power?

They did just create the stratum implementation - maybe it's buggy.
Where, or with what, do you get this big hashrates?

VAULT:VF9zjxS71XkgxGPJN6VyG7PL6rgiy6bSLh
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August 05, 2014, 08:43:21 AM
 #1091

but the coin will not be relaunched, nor will the developer's design decisions be revisited.  Perhaps we can let the market take it from here?

You don't know that. I'd definitely fork it, toss the PoW and relaunch it myself if I weren't already busy with other things. If someone else wants to do it, it may happen.

It would actually be a bad bet to say this coin won't be forked. Whether those inevitable forks get any success is hard to say. Launch problems definitely help forks, but it is a question of degree.


My guess is anyone wanting to fork is waiting for things to clear out. with all due respect to catia's hard work, there are things still left to do with this coin.
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August 05, 2014, 08:52:43 AM
 #1092

but the coin will not be relaunched, nor will the developer's design decisions be revisited.  Perhaps we can let the market take it from here?

You don't know that. I'd definitely fork it, toss the PoW and relaunch it myself if I weren't already busy with other things. If someone else wants to do it, it may happen.

It would actually be a bad bet to say this coin won't be forked. Whether those inevitable forks get any success is hard to say. Launch problems definitely help forks, but it is a question of degree.


My guess is anyone wanting to fork is waiting for things to clear out. with all due respect to catia's hard work, there are things still left to do with this coin.

That's what merging is for. If you change nothing but the proof of work, merging will be trivial, and could even be automated.


PeaMine
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August 05, 2014, 09:18:41 AM
 #1093

I'm trying to send using cryptonited, but I get this error:
error: {"code":-3,"message":"Invalid amount, too short"}
cryptonited sendtoaddress CS7BStDpSWvixRS99T3Twp9zQUBaA9mqKG 10

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smooth
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August 05, 2014, 09:25:50 AM
 #1094

I'm trying to send using cryptonited, but I get this error:
error: {"code":-3,"message":"Invalid amount, too short"}
cryptonited sendtoaddress CS7BStDpSWvixRS99T3Twp9zQUBaA9mqKG 10

You have to put a decimal point and a whole bunch of zeros (keep adding them until it works -- you will get different error messages) and the letters ep at the end. I have no idea why.

q327K091
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August 05, 2014, 09:42:22 AM
 #1095

I'm trying to send using cryptonited, but I get this error:
error: {"code":-3,"message":"Invalid amount, too short"}
cryptonited sendtoaddress CS7BStDpSWvixRS99T3Twp9zQUBaA9mqKG 10

You have to put a decimal point and a whole bunch of zeros (keep adding them until it works -- you will get different error messages) and the letters ep at the end. I have no idea why.



I love it, no I am serious, this will work, this might actually take off, has element of humor built into it, let me check my balance

it isssss 238 is that a lot ? , even this question is funny

may I add couple of 0's there also ? and increase balance that way magically ?

new upcoming awesome coin

the Gulden Coin: GKWHEPx3rQyPnbgQUSHu8gtgoRCgpqed1j
restless
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August 05, 2014, 09:50:57 AM
 #1096

wow, some addresses mine @1gh with 600MH ... thats more than 5000 haswell cores...

I really wonder why giving money to botnets is ok :S
watuba
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August 05, 2014, 10:05:32 AM
 #1097

I'm trying to send using cryptonited, but I get this error:
error: {"code":-3,"message":"Invalid amount, too short"}
cryptonited sendtoaddress CS7BStDpSWvixRS99T3Twp9zQUBaA9mqKG 10

Please ignore the vague troll-ish instructions above.

Exact format needs to be 10 decimal places with the "ep" at the end.  
./cryptonited sendtoaddress mvqH4czVQg2HdGpkV7PWVZJpRXVwLnMXpN "30.0100000000ep"

Explained, for anyone sincerely interested in knowing why this was done:
http://cryptonite.info/wiki/index.php?title=Cryptonite_API#A_note_about_EP_amounts

PeaMine
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August 05, 2014, 10:07:45 AM
 #1098

I'm trying to send using cryptonited, but I get this error:
error: {"code":-3,"message":"Invalid amount, too short"}
cryptonited sendtoaddress CS7BStDpSWvixRS99T3Twp9zQUBaA9mqKG 10

Exact format needs to be 10 decimal places with the "ep" at the end.  Please ignore the vague troll-ish instructions above.
./cryptonited sendtoaddress mvqH4czVQg2HdGpkV7PWVZJpRXVwLnMXpN "30.0100000000ep"

Explained, for anyone sincerely interested in knowing why this was done:
http://cryptonite.info/wiki/index.php?title=Cryptonite_API#A_note_about_EP_amounts

Thanks that worked!
Edit: guess I should have read
http://cryptonite.info/wiki/index.php?title=Cryptonite_API

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Haggisahh
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August 05, 2014, 10:08:35 AM
 #1099

I like what I see; an actually active member with a lot of good ideas.
However, I dont feel safe investing until i know:
#1 The disribution graphed out, I want to easily figure out what the current inflation is.
#2 Who or what these huge miners is. This is perhaps harder to deal with at this point, but it seems to me the most likely either a large botnet or a private gpu farm. Neither of these make me feel confident in the currency.
digitalgrow
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August 05, 2014, 10:17:23 AM
 #1100

hi my wallet isnt syncing
could someone give me some addnodes for my conf?
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