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Author Topic: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine  (Read 576923 times)
suchnekky
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August 04, 2014, 02:52:19 PM
 #981

I guess if old blockchain data is deleted, it kind of makes this anonymous and untracable Wink

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August 04, 2014, 03:03:19 PM
 #982

this coin is to hot , erveryone go to buy somethings . Smiley
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August 04, 2014, 03:04:57 PM
 #983

I guess if old blockchain data is deleted, it kind of makes this anonymous and untracable Wink

Not really. People can save the old data, and even create a collaboration portal where blockchain chunks are uploaded to create an unbroken chain from day one for the purpose of reducing this coins anonymity abilities.
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August 04, 2014, 03:21:21 PM
 #984



1 - You  cannot change the final amount of coins after the social contract for a coin has been set in place. Once a coin is released that will mint X amount of coins then the wheels are set in motion, this is a basic principle that even Satoshi talked about. If the creator of this coin then changed the final amount of coins or changed the inflation amount after the coin has been released, they are effectively creating a premine. A premine is bad, it'll kill all legitimacy for this coin.

2 - If you don't like the inflation rate, please fork this coin and release it under a new name.

3 - The creator specifically wanted high inflation for a fairer long term useage. You're currently asking for something that is against one of the primary purposes of this coin. You need to research about what a coin's creator intended in their coin before complaining about one of its primary objectives.

+1

XCN is what it is. The whole concept has been considered by the developers, buyers and miners make their choices.

+10,000  

This answers 90% of the questions in the thread.

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August 04, 2014, 03:43:15 PM
 #985

wtb gpu miner
please pm
 Grin
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August 04, 2014, 03:46:40 PM
 #986

 >:(So big hash

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August 04, 2014, 03:56:12 PM
 #987

Miners dream, investors nightmare, too many inflation, i´m out and wait for the miners dumps.


Sorry for who bought at 14k.

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August 04, 2014, 04:09:21 PM
 #988

Dev could you give us an idea of how many coins are expected within the first half year, year and 2nd year ?

Heard something like 70 million in a year, way too much.
900+ million coins after 10 years. So it would be around 100 million coins in first year.



I guess if old blockchain data is deleted, it kind of makes this anonymous and untracable Wink

No you got it wrong, old block chain data is NOT deleted, you only decide not to store it (but other people do), instead you store an account table which list every address' balance (as far as i understand the scheme).

XCN is NOT anonymous and untracable.
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August 04, 2014, 04:12:08 PM
 #989

Miners dream, investors nightmare, too many inflation, i´m out and wait for the miners dumps.


Sorry for who bought at 14k.
Nastradamus mode ON Grin
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August 04, 2014, 04:26:44 PM
 #990

I guess if old blockchain data is deleted, it kind of makes this anonymous and untracable Wink

Not really. People can save the old data, and even create a collaboration portal where blockchain chunks are uploaded to create an unbroken chain from day one for the purpose of reducing this coins anonymity abilities.
Does the old data include individual transactions and are those transactions incorporated into the master hashes?  For example if address A sends 10 XCN to address B and address C sends 10 to address D.  Even with the old data what proof is there that address A didn't send to address D?

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August 04, 2014, 04:28:40 PM
 #991

Does the old data include individual transactions and are those transactions incorporated into the master hashes?

yes, old data have anything. You could retrieve it anytime you want.
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August 04, 2014, 04:43:21 PM
 #992

Miners dream, investors nightmare, too many inflation, i´m out and wait for the miners dumps.


Sorry for who bought at 14k.
Nastradamus mode ON Grin
Nosferatu mode ON  Grin

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  Semux uses .100% original codebase.
  Superfast with .30 seconds instant finality.
  Tested .5000 tx per block. on open network
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djslick
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August 04, 2014, 05:45:25 PM
 #993

Dev could you give us an idea of how many coins are expected within the first half year, year and 2nd year ?

Heard something like 70 million in a year, way too much.

double that actually, we've done over 3 million in 6 days.

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philipvdlinde
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August 04, 2014, 05:49:42 PM
 #994

Dev could you give us an idea of how many coins are expected within the first half year, year and 2nd year ?

Heard something like 70 million in a year, way too much.

double that actually, we've done over 3 million in 6 days.
The block rewards are higher at the beginning obviously.
ChaseT
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August 04, 2014, 06:08:01 PM
 #995

but where is the dev?

Rich with Cannabiscoin
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August 04, 2014, 06:18:06 PM
 #996

Miners dream, investors nightmare, too many inflation, i´m out and wait for the miners dumps.


Sorry for who bought at 14k.
Nastradamus mode ON Grin


Told ya 7.5k, -50% in a few hours.

User705
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August 04, 2014, 06:35:57 PM
 #997

Does the old data include individual transactions and are those transactions incorporated into the master hashes?

yes, old data have anything. You could retrieve it anytime you want.
yes but is that data part of the blockchain like the current inputs and outputs of bitcoin? 

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  Semux uses .100% original codebase.
  Superfast with .30 seconds instant finality.
  Tested .5000 tx per block. on open network
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PeaMine
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August 04, 2014, 07:07:23 PM
 #998

Any pools not listed?
1GH seems to be the only one running right now.

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August 04, 2014, 07:18:10 PM
 #999

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?
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August 04, 2014, 07:19:24 PM
 #1000

Quote
Not really. People can save the old data, and even create a collaboration portal where blockchain chunks are uploaded to create an unbroken chain from day one for the purpose of reducing this coins anonymity abilities.

Even more fun - they can fabricate chunks or overwrite transactions within the chunks so there can be 100 different archived blockchains floating around.  The entrepreneurial possiblities are endless.


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