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Author Topic: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine  (Read 576809 times)
bitfreak!
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August 22, 2014, 08:30:38 AM
 #1921

So did something happen?  Please don't say fud and trolls as there's always a "real" reason.
I'm guessing it's due to a combination of factors. I don't think we have any merchants accepting XCN yet, so features such as withdrawal limits and unmalleable transactions are pretty useless right now. We also haven't done much promotion or marketing yet, so we probably don't have a great deal of buy support right now. And on top of that the price of BTC is starting to drop again, causing the price of most altcoins to drop with it. I'm a very patient person though, and temporary price fluctuations mean very little to me. Given enough time XCN will easily get into the top 20 largest market caps once people realize how significant the underlying innovations are.

XCN: CYsvPpb2YuyAib5ay9GJXU8j3nwohbttTz | BTC: 18MWPVJA9mFLPFT3zht5twuNQmZBDzHoWF
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August 22, 2014, 08:32:45 AM
 #1922

bitfreak, are you f'ing your self? come back to reality. WHO THE WILL BUY THIS COIN? huh who?


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REAL ESTATE CRYPTOCURRENCY
WHITE PAPER   ANN THREAD   BOUNTY
...VK   FACEBOOK   TWITTER   TELEGRAM   SLACK   MEDIUM   REDDIT...

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yellowduck2
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August 22, 2014, 08:35:45 AM
 #1923

bitfreak, are you f'ing your self? come back to reality. WHO THE WILL BUY THIS COIN? huh who?

Chinese ?
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August 22, 2014, 08:36:31 AM
 #1924

wow like i said, additional 0 (zero) the price, it means worsthless now  Undecided


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REAL ESTATE CRYPTOCURRENCY
WHITE PAPER   ANN THREAD   BOUNTY
...VK   FACEBOOK   TWITTER   TELEGRAM   SLACK   MEDIUM   REDDIT...

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bitfreak!
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August 22, 2014, 08:59:13 AM
 #1925

bitfreak, are you f'ing your self? come back to reality. WHO THE WILL BUY THIS COIN? huh who?
Lol I thought that same thing about dogecoin, and that didn't have any innovation at all.

XCN: CYsvPpb2YuyAib5ay9GJXU8j3nwohbttTz | BTC: 18MWPVJA9mFLPFT3zht5twuNQmZBDzHoWF
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August 22, 2014, 09:43:51 AM
 #1926

Geez people, relax about the price. It's low because there are a ton of coins and no one knows about XCN. The only way people can find out about this coin is by word of mouth or wading through the shit hole that is the altcoin announcements forum.
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August 22, 2014, 10:51:11 AM
 #1927

bitfreak, are you f'ing your self? come back to reality. WHO THE WILL BUY THIS COIN? huh who?

Chinese ?

They already are.  That's how I found it in the first place as it's been one of the top traded coin on Bter.

BTC: 1F8yJqgjeFyX1SX6KJmqYtHiHXJA89ENNT
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August 22, 2014, 10:54:26 AM
 #1928

There's three reasons people buy an alt-coin that I can see.

1) Pure speculation: Thats 99% of all alts, because you really do anything with them that BTC doesn't already offer. That means most of them are pump-and-dump by nature.
So price may rise and fall, but it's at best a zero sum game.

2) Usefulness: Some of them actually offer something that BTC is not as good at. NXT for example has built in asset exchange. This may attract someone who actually uses that feature or someone wants to send more anonymously so they buy perhaps a coin like that (not sure anyone actually reduces anonymity with one of them at the moment, as they have to go through exchanges and whatnot)

3) Hope of future usefulness. This might be counted as speculation, or at least hedging against BTC. This might be where XCN fits in. I have no idea if the blockchain will be such a problem that it hinders BTC eventually. I don't think it's a real problem right now.

I myself have bought a few thousand XCN in a combination of 1 & 3. I don't really care about the price right now, because the investment was very small. If you have such a big stake a coin that is this new and it's usefulness limited so that the price of the coin at this moments affect your personal finance you might reconsider your investment strategy.

I think Monero (XMR) is very interesting.
https://moneroeconomy.com/faq/why-monero-matters
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August 22, 2014, 11:20:14 AM
 #1929

if lot miner leave and diff reduce because of low price im happy....

please everyone leave this coin its sinking no hope existing  Cool

more coin for me  Grin

in my opinion we are in a public "premine" phase
where pre doesnt mean pre release but pre promotion

 
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August 22, 2014, 11:31:48 AM
 #1930

if lot miner leave and diff reduce because of low price im happy....

please everyone leave this coin its sinking no hope existing  Cool

more coin for me  Grin

in my opinion we are in a public "premine" phase
where pre doesnt mean pre release but pre promotion

accumulation is good, if the coin skyrocket later, but it's not guaranteed
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August 22, 2014, 12:03:47 PM
 #1931

3) Hope of future usefulness. This might be counted as speculation, or at least hedging against BTC. This might be where XCN fits in. I have no idea if the blockchain will be such a problem that it hinders BTC eventually. I don't think it's a real problem right now.
Cryptonite could be useful right now if we had merchants because secure 0-conf transactions are possible when using withdrawal limits correctly, and instant secure transactions are something cryptocurrency desperately needs. The large BTC blockchain will never destroy Bitcoin, but it is already a hindrance to many people, for example I wont run a full Bitcoin node because I don't want to waste the disk space or bandwidth required to download the full chain. But with Cryptonite the network doesn't need to become increasingly centralized only by nodes capable of handling the full blockchain. A few years from now when the Bitcoin blockchain is over 100GB in size, the Cryptonite synchronization time will still be extremely fast and it will be very easy to become a full node and start mining, without wasting a huge amount of disk space of bandwidth. The level of scalability Cryptonite offers is far superior to any other altcoin out there.

XCN: CYsvPpb2YuyAib5ay9GJXU8j3nwohbttTz | BTC: 18MWPVJA9mFLPFT3zht5twuNQmZBDzHoWF
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August 22, 2014, 12:07:45 PM
 #1932

3) Hope of future usefulness. This might be counted as speculation, or at least hedging against BTC. This might be where XCN fits in. I have no idea if the blockchain will be such a problem that it hinders BTC eventually. I don't think it's a real problem right now.
Cryptonite could be useful right now if we hard merchants because secure 0-conf transactions are possible when using withdrawal limits correctly, and instant secure transactions are something cryptocurrency desperately needs, people are used to the speeds offered by services like PayPal. The large BTC blockchain will never destroy Bitcoin, but it is already a hindrance to many people, for example I wont run a full Bitcoin node because I don't want to waste the disk space or bandwidth required to download the full chain. But with Cryptonite the network doesn't need to become increasingly centralized only by nodes capable of handling the full blockchain. A few years from now when the Bitcoin blockchain is over 100GB in size, the Cryptonite synchronization time will still be extremely fast and it will be very easy to become a full node and start mining, even with a very high transaction rate. The level of scalability Cryptonite offers is far superior to any other altcoin out there.

Yes, a lot of things could be useful had they been used. But they are not at the moment and we don't know if they ever will. That's what I mean with hope of future usefulness and also the reason I hold some XCN.

I think Monero (XMR) is very interesting.
https://moneroeconomy.com/faq/why-monero-matters
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August 22, 2014, 01:55:10 PM
 #1933

Hi zelante, what card exactly you have?
MSI 750Ti TF (tdp at 75W)

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August 22, 2014, 04:41:46 PM
 #1934

moonbound bitchess. watch them graphs
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August 22, 2014, 04:52:07 PM
 #1935

3) Hope of future usefulness. This might be counted as speculation, or at least hedging against BTC. This might be where XCN fits in. I have no idea if the blockchain will be such a problem that it hinders BTC eventually. I don't think it's a real problem right now.
Cryptonite could be useful right now if we had merchants because secure 0-conf transactions are possible when using withdrawal limits correctly, and instant secure transactions are something cryptocurrency desperately needs. The large BTC blockchain will never destroy Bitcoin, but it is already a hindrance to many people, for example I wont run a full Bitcoin node because I don't want to waste the disk space or bandwidth required to download the full chain. But with Cryptonite the network doesn't need to become increasingly centralized only by nodes capable of handling the full blockchain. A few years from now when the Bitcoin blockchain is over 100GB in size, the Cryptonite synchronization time will still be extremely fast and it will be very easy to become a full node and start mining, without wasting a huge amount of disk space of bandwidth. The level of scalability Cryptonite offers is far superior to any other altcoin out there.

The bitcoin blockchain is a rather big concern for the bitcoin foundation. They know it's an issue and they are worried about it...
For this same reason a lot of bitcoin users/hodlers are also concerned.

XCN price fell heavy because of lack of liquidity and then a ~100K sale @ Poloni.
It simply looks like someone sold into walls to drop the price & get that big chunk and a discount price. Simple manipulation imo.

Then again... I'm no expert Smiley Just my 2XCN.

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August 22, 2014, 05:12:07 PM
 #1936

3) Hope of future usefulness. This might be counted as speculation, or at least hedging against BTC. This might be where XCN fits in. I have no idea if the blockchain will be such a problem that it hinders BTC eventually. I don't think it's a real problem right now.
Cryptonite could be useful right now if we had merchants because secure 0-conf transactions are possible when using withdrawal limits correctly, and instant secure transactions are something cryptocurrency desperately needs. The large BTC blockchain will never destroy Bitcoin, but it is already a hindrance to many people, for example I wont run a full Bitcoin node because I don't want to waste the disk space or bandwidth required to download the full chain. But with Cryptonite the network doesn't need to become increasingly centralized only by nodes capable of handling the full blockchain. A few years from now when the Bitcoin blockchain is over 100GB in size, the Cryptonite synchronization time will still be extremely fast and it will be very easy to become a full node and start mining, without wasting a huge amount of disk space of bandwidth. The level of scalability Cryptonite offers is far superior to any other altcoin out there.

XCN's safe zero-confirmation transactions seem ideal for online poker.  Shall I PM crazy old Micon and ask for his advice on marketing to that niche?


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Monero
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whether we have a dictatorship or a real democracy." 
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"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
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August 22, 2014, 05:23:11 PM
 #1937

XCN's safe zero-confirmation transactions seem ideal for online poker.
How so? Quick deposits or something? What I really think Cryptonite may be good for is those dice games which generate a lot of micro-transactions, since we can handle such dust much better than a typical blockchain.

XCN: CYsvPpb2YuyAib5ay9GJXU8j3nwohbttTz | BTC: 18MWPVJA9mFLPFT3zht5twuNQmZBDzHoWF
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August 22, 2014, 05:25:36 PM
 #1938

Hoping the dumpers will sell into my wall at 100 satoshi, though I doubt it...  Grin

Pretty sure these people are gpu farms or botnets.
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August 22, 2014, 05:30:51 PM
 #1939

Hit 5.2MH/s to 5.3MH/s per 750Ti: https://ottrbutt.com/tmp/xcnwolf750ti10.png

Code:
Donations: BTC: 1WoLFdwcfNEg64fTYsX1P25KUzzSjtEZC -- XMR: 45SLUTzk7UXYHmzJ7bFN6FPfzTusdUVAZjPRgmEDw7G3SeimWM2kCdnDQXwDBYGUWaBtZNgjYtEYA22aMQT4t8KfU3vHLHG
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August 22, 2014, 05:48:17 PM
 #1940

So now when the price is speculated , whats happoning with AMD support compilation. It's a little bit quiet around the possibility creating an AMD miner for XCN
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