[ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine

[bitfreak!]

I have introduced your coin to james @ btcd (jl777) and he has shown some interest in cryptonite. bitfreak could have a bit of a read up over at btcd and see if yous can work something out in the way of being part of the anom system.

Linky: https://bitcointalk.org/index.php?topic=684090.msg8580794#msg8580794


Together btcd and cryptonite combined is unstoppable! Solving all the problems bitcoin faced. James has staded that cryptonite could handle many more teleports, due to its tiny blockchain

The telepod idea does seem very interesting, especially if the anonymity scheme it uses is better than coin mixing and ring sigs. I had a brief look at the way it works and it is pretty hard to understand, the white paper could use some diagrams. But I would be interested in seeing how compatible it is with the mini-blockchain scheme, keeping in mind that the mini-blockchain scheme does not use scripts at all and BTCD apparently has full turing complete scripting.

EDIT: ok well I think I understand it a bit better now, but I can't really understand why this isn't just a long winded way of making a normal tx. It seems to ensure that a new address will always be made for receiving payments, which is great for anonymity, but generating new addresses for receiving payments isn't exactly difficult to do without an elaborate system like this. Maybe I'm still not fully grasping the concept.

EDIT: also worth noting is that we actually discourage the use of sending coins to addresses which haven't been seen by the network before, because it increases the size of the account tree. To help prevent dust from bloating up the account tree we don't allow the output value to be lower than the tx fee if the receiving address doesn't exist in the account tree.

[Jungian]

Have you thought about rebranding the coin? The name really makes me cringe, and I could hardly bear myself to recommend it to anyone serious about this.
It's sad something like this would lower public interrest in the coin.

[bitfreak!]

Have you thought about rebranding the coin? The name really makes me cringe, and I could hardly bear myself to recommend it to anyone serious about this.
It's sad something like this would lower public interrest in the coin.

No it would be a terrible move to rebrand the coin just a few weeks after launch. I'm not sure why the name makes you cringe, we went through a very long process before deciding on that name, and I think the green and black theme is very aesthetically pleasing. Even if I did come up with a better name it wouldn't be a good idea to change the name now, we already have a name and we need to stick to it. Flip flopping on the name will only lead to more confusion and I don't think it's a smart marketing move at all.

[Jungian]

Have you thought about rebranding the coin? The name really makes me cringe, and I could hardly bear myself to recommend it to anyone serious about this.
It's sad something like this would lower public interrest in the coin.

No it would be a terrible move to rebrand the coin just a few weeks after launch. I'm not sure why the name makes you cringe, we went through a very long process before deciding on that name, and I think the green and black theme is very aesthetically pleasing. Even if I did come up with a better name it wouldn't be a good idea to change the name now, we already have a name and we need to stick to it. Flip flopping on the name will only lead to more confusion and I don't think it's a smart marketing move at all.

To me, it sounds like a joke. "Hey kids, wanna buy some... cryptonite?". It's a wordplay from Superman, right?

Darkcoin changed its name from XCoin, and I don't think that hurt it at all, and that was while it had greater adoption than XCN has now. It's not too late to "get serious".

[bitfreak!]

To me, it sounds like a joke. "Hey kids, wanna buy some... cryptonite?". It's a wordplay from Superman, right?

Well I fail to see how it sounds like a joke, it's just your perspective of the name I think. Your sentence actually sounds more like a child terrorist plot to kill superman, very serious stuff.

[aminorex]

Actually some of the most successful coins have changed their names.  XMR, XC, DRK come to mind.  Mini block coin (MBC or XMB) is the obvious, kitsch-free, technically pure, name.

Also "cryptonite"  misleadingly implies association with the technology of cryptonote protocol coins, the hash algorithm of which is typically cryptonight.

[Jungian]

Actually some of the most successful coins have changed their names.  XMR, XC, DRK come to mind.  Mini block coin (MBC or XMB) is the obvious, kitsch-free, technically pure, name.

Also "cryptonite"  implies association with the technology of cryptonote (the hash algorithm of which is typically cryptonight).

XMB sounds great to me.

[teknohog]

Have you thought about rebranding the coin? The name really makes me cringe, and I could hardly bear myself to recommend it to anyone serious about this.
It's sad something like this would lower public interrest in the coin.

For every possible name, there's always a person who finds it offensive, or another language where it means something nasty. You can't appease to everyone with any single name. A good product will eventually win despite a sub-optimal name, unless it's something obviously negative like "shitcoin". (Or maybe "shitcoin" would win just because it's so daring, and because "it's the shit". If you ever release "shitcoin", don't forget to reward me with a 1% premine )

To me, the problem with "Cryptonite" is the confusion with Cryptonote coins, most of which use the Cryptonight PoW algo. It doesn't help that the reward scheme is copied from Cryptonote, and that yet another hash function had to be created.

It's the mini-blockchain tech that really counts here. It doesn't need fancy names or hashes to succeed. If XCN doesn't make it to the moon, I hope some other coin will pick up the mini-blockchain.

IMHO, the name "Cryptonite" itself is fine, there's no point in changing it any more.

[bitfreak!]

We cannot change the currency code after we've already been listed on several exchanges. And if we did change the name, we'd also need the domain to go along with it. I don't think people really appreciate how hard it is to find a name which is still available.

[bitfreak!]

And furthermore, if the name were so bad we wouldn't already have like two or three other projects trying to use it. I had an email from some guy the other day wanting to purchase the name, currency code, and domain from me. I told him 5K for the domain. Lol.

[smooth]

it is pretty hard to understand, the white paper could use some diagrams.

It is quite perplexing why James keeps getting the same feedback from different people independently, yet isn't willing to rewrite the white dark paper to make it more comprehensible and get rid of the confusing pirate theme. It is almost as if he wants keep it hard to understand for some reason.

[heskey]

Why XCN and not CON? I don't really mind, but would be interesting to know why.

[Jungian]

Why XCN and not CON?

http://en.wikipedia.org/wiki/ISO_4217#X_currencies

[heskey]

Why XCN and not CON?

http://en.wikipedia.org/wiki/ISO_4217#X_currencies

That's a pretty satisfying answer!
At first I didn't like "Cryptonite", but the more I think about it, the more I like it. Plus it gives room for the shortening of just "Crypto", which is a nice and pure description.

Btw, Jungian as in Carl Jung?

[teknohog]

We cannot change the currency code after we've already been listed on several exchanges. And if we did change the name, we'd also need the domain to go along with it. I don't think people really appreciate how hard it is to find a name which is still available.

This. Reminds me of a tech startup where I was involved in 2000. The name had been chosen from the available 5-letter .com domains -- all 4-letter ones were already reserved.

[Jungian]

Why XCN and not CON?

http://en.wikipedia.org/wiki/ISO_4217#X_currencies

That's a pretty satisfying answer!
At first I didn't like "Cryptonite", but the more I think about it, the more I like it. Plus it gives room for the shortening of just "Crypto", which is a nice and pure description.

Btw, Jungian as in Carl Jung?

The one and only!

[bitfreak!]

Hi everyone James put the pirate things in there because people we complaining that it was too hard to understand, that way he tried to make it easier.

I actually did like the pirate descriptions of the way it worked, it was pretty clever I thought.

[dav1199]

I don't dislike the name but honestly before checking the thread out and mining some , i thought this coin was a cryptonote coin of some sort. So i hadn't even checked it.
I am sure i am not the only one that thought the same. I only realised it wasn't a cryptonote coin when i saw it added to cuda miner.

Should find a way to make it easy to see it actually is its own coin , changing the name may be difficult but maybe the ann title could be reworked some.
The mini blockchain is awesome , it just is a shame most just pass through without checking the coin up.

[hero18688]

It's time to buy more cheap xcn before public amd miner released and the price rise huge high

[mmmaybe]

Does anyone have an idea why the pump occurred today?

I can't find reasonable explanation for a rise of 100%, although the dev offered some nice news recently.

Is it pure manipulation going on? After today we are still quite abit over the prices the last couple of days.