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

[truckythin]

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

[bitfreak!]

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.

[catcow]

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.

[Viper1]

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.

[Jungian]

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.

[cryptonit]

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

please everyone leave this coin its sinking no hope existing  

more coin for me  

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

[Amph]

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

please everyone leave this coin its sinking no hope existing  

more coin for me  

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

[bitfreak!]

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.

[Jungian]

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.

[zelante]

Hi zelante, what card exactly you have?

MSI 750Ti TF (tdp at 75W)

[darkslash]

moonbound bitchess. watch them graphs

[rgm108]

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 Just my 2XCN.

[iCEBREAKER]

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?

[bitfreak!]

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.

[surfer43]

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

Pretty sure these people are gpu farms or botnets.

[go6ooo1212]

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

[Jungian]

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.

I'm guessing he's saying you could run the whole game on the blockchain. With no limit on transactions and/or problems with bloat I'd guess you can decentralize the whole thing.

But with a fee for every bet that might end up expensive? But probably much less so than regular rake.


Now that I think about it, this would sure be a killer-app for XCN, as this provides some usability right away that's hard to do with BTC.

[Amph]

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

consumption? the ratio should be 1:1, so unless you have free power, it's pointless if you are reaching those value with oc only

[bitfreak!]

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.

I'm guessing he's saying you could run the whole game on the blockchain. With no limit on transactions and/or problems with bloat I'd guess you can decentralize the whole thing.

But with a fee for every bet that might end up expensive? But probably much less so than regular rake.

Well the withdrawal limits need to be set up properly for secure 0-conf transactions to work, and like you said the fees may make it too expensive. A central poker server would still be faster and less expensive.

[smooth]

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.

I'm guessing he's saying you could run the whole game on the blockchain. With no limit on transactions and/or problems with bloat I'd guess you can decentralize the whole thing.

But with a fee for every bet that might end up expensive? But probably much less so than regular rake.

Well the withdrawal limits need to be set up properly for secure 0-conf transactions to work, and like you said the fees may make it too expensive. A central poker server would still be faster and less expensive.

There are major trust issues with that. i.e. lots of people have been screwed out of lots of money using central poker servers (and other central anything servers for that matter). While XCN might very well not be the right solution to do this without a central server, the very strong need for such a solution should not be downplayed.