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

[suchnekky]

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

[1715035106]

1715035106

[1715035106]

1715035106

[wenjiannin]

this coin is to hot , erveryone go to buy somethings .

[drawingthesun]

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

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.

[watuba]

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.

[koko2530]

wtb gpu miner
please pm
 

[xinweiwei]

 >:(So big hash

[Alns]

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


Sorry for who bought at 14k.

[uvt9]

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

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.

[Hix]

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

[User705]

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

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?

[uvt9]

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.

[hankrules]

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

Nosferatu mode ON 

[djslick]

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.

[philipvdlinde]

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]

but where is the dev?

[Alns]

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

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

[User705]

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? 

[PeaMine]

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

[Fablio2]

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?

[TooDumbForBitcoin]

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.