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

[bitfreak!]

Ok awesome! But I would prefer if you could focus your energy on the technical part, we need to get this out of the picture:

That warning will be around for a while, I wont feel safe removing it for at least a few more months. The only thing that will increase confidence in the security of Cryptonite is time. Edit: or a very thorough review of the source code.

[RushNY]

• Make it simpler to install the software, myself and others like when you just have to click install->next->complete
• A graphical video explanation of the technology
• A community website.
• Create a competition for a new logo.(gets people involved)
• Web-wallet
• Etc.

1) It's only difficult to run if you want to compile it yourself. If you use the pre-compiled binaries the installation process is that simple.
2) Good idea. I did make a video about the mini-blockchain scheme some time ago, but I removed it because it was outdated. I will try to make another video soon.
3) A community forum will be available at the official website soon. But for now it's easier to keep discussion in this thread.
4) A bounty was already paid to develop the logo, we don't need a new logo and changing the name of the coin now is completely out of the question, it would be a terrible move.
5) I'm working on it.

Yeah keep the logo for sure!  It's outstanding 

[Jungian]

I agree that the branding isn't very good. I prefer someting more neutral.

It's not only ungoogable, but also the name doesn't give any indication of what it is.

[Amph]

Collapse is a strong word. Sure the price is still shrinking, but we have to remember that the coin is still very young. I think we should focus on fortifying the technology and make it as bullet-proof as possible. That way we wont have to fear the competition when other mini-blockchain coins starts to appear.

Correct. I was focusing on the price and how it affects current holders. Nevertheless, this coin is good and it will be an opportunity (if not already one) for newcomers.

this coin is just unfortunate, because it was released in such a terrible period, that's all, there is nothing really wrong about it

[Hix]

Collapse is a strong word. Sure the price is still shrinking, but we have to remember that the coin is still very young. I think we should focus on fortifying the technology and make it as bullet-proof as possible. That way we wont have to fear the competition when other mini-blockchain coins starts to appear.

Correct. I was focusing on the price and how it affects current holders. Nevertheless, this coin is good and it will be an opportunity (if not already one) for newcomers.

this coin is just unfortunate, because it was released in such a terrible period, that's all, there is nothing really wrong about it

"terrible period"
what do you mean?

[Inarhe]

investor are lose btc everyday

[catcow]

All you price whiners need to realize something:

No security (cryptocurrency or otherwise) will have significant short-term returns on investment -UNLESS- it is a pump and dump scam. Big rallies just don't happen magically. It will take months and months for real demand to build up. The fact that the price is collapsing is not at all a bad sign at this stage.

XCN has no pump and dump crew screwing around with the price, which is indicative of the developers intentions to make long term innovations rather than make a quick buck. This is one of the key indicators that I look for when deciding to invest in a coin.

Sure, the developers could do some promotion, but imo it's a waste of time and resources. The coin will make it on its own with its technical merits, and promotion right now will not make a difference in the long run.

[polanskiman]

OK. You have my word that I will not post again in this thread.

Your word seems to brake rather easily.

[digitalindustry]

Collapse is a strong word. Sure the price is still shrinking, but we have to remember that the coin is still very young. I think we should focus on fortifying the technology and make it as bullet-proof as possible. That way we wont have to fear the competition when other mini-blockchain coins starts to appear.

Correct. I was focusing on the price and how it affects current holders. Nevertheless, this coin is good and it will be an opportunity (if not already one) for newcomers.

this coin is just unfortunate, because it was released in such a terrible period, that's all, there is nothing really wrong about it

"terrible period"
what do you mean?

cramps?

[Amph]

Collapse is a strong word. Sure the price is still shrinking, but we have to remember that the coin is still very young. I think we should focus on fortifying the technology and make it as bullet-proof as possible. That way we wont have to fear the competition when other mini-blockchain coins starts to appear.

Correct. I was focusing on the price and how it affects current holders. Nevertheless, this coin is good and it will be an opportunity (if not already one) for newcomers.

this coin is just unfortunate, because it was released in such a terrible period, that's all, there is nothing really wrong about it

"terrible period"
what do you mean?

isn't it obvious? altcoin scene is pretty much dead right now, you come from the doge scene you should know it

[lucazane]

spread the hashrate www.cryptonitepool.com

this is good for the coin.

[Hix]

Collapse is a strong word. Sure the price is still shrinking, but we have to remember that the coin is still very young. I think we should focus on fortifying the technology and make it as bullet-proof as possible. That way we wont have to fear the competition when other mini-blockchain coins starts to appear.

Correct. I was focusing on the price and how it affects current holders. Nevertheless, this coin is good and it will be an opportunity (if not already one) for newcomers.

this coin is just unfortunate, because it was released in such a terrible period, that's all, there is nothing really wrong about it

"terrible period"
what do you mean?

cramps?

All cryptocoins? Bitcoin seems very good

[darkota]

This coin needs other features to go with the mini blockchain

[bitfreak!]

This coin needs other features to go with the mini blockchain

You mean like unmalleable transactions, withdrawal limits, secure 0-conf transactions, dynamic max block size, native support for multi-signature transactions, superior micro-transaction support, etc?

[Amph]

Collapse is a strong word. Sure the price is still shrinking, but we have to remember that the coin is still very young. I think we should focus on fortifying the technology and make it as bullet-proof as possible. That way we wont have to fear the competition when other mini-blockchain coins starts to appear.

Correct. I was focusing on the price and how it affects current holders. Nevertheless, this coin is good and it will be an opportunity (if not already one) for newcomers.

this coin is just unfortunate, because it was released in such a terrible period, that's all, there is nothing really wrong about it

"terrible period"
what do you mean?

cramps?

All cryptocoins? Bitcoin seems very good

bitcoin isn't an alt, isn't a clone you know, you can call the altscene, clonecrypto currencies(some exception of course)

[darkota]

This coin needs other features to go with the mini blockchain

You mean like unmalleable transactions, withdrawal limits, secure 0-conf transactions, dynamic max block size, native support for multi-signature transactions, superior micro-transaction support, etc?

I know it has those also, but the ordinary bitcoin user doesn't know enough to care enough. I mean features that would propel the coin to getting accepted as a leading altcoin among cryptographic teckies and average-joe bitcoin users alike.

[bitfreak!]

This coin needs other features to go with the mini blockchain

You mean like unmalleable transactions, withdrawal limits, secure 0-conf transactions, dynamic max block size, native support for multi-signature transactions, superior micro-transaction support, etc?

I know it has those also, but the ordinary bitcoin user doesn't know enough to care enough. I mean features that would propel the coin to getting accepted as a leading altcoin among cryptographic teckies and average-joe bitcoin users alike.

Features such as anonymous transactions? What's the point when it has already been done a thousand times? We are offering truly new and novel features here, and if the features we already have aren't enough to propel this coin into the top ranks then there's something truly wrong with the altcoin community.

[smooth]

We are offering truly new and novel features here, and if the features we already have aren't enough to propel this coin into the top ranks then there's something truly wrong with the altcoin community.

Top ranks meaning what? There are several hundred alts, and if the more obscure ones are included it might be over a thousand. On a price-parity basis (adjusting for eventual supply) this coin has a market cap of about $8 million which is quite respectable. Probably top 20 or so.

[bitfreak!]

Top ranks meaning what? There are several hundred alts, and if the more obscure ones are included it might be over a thousand. On a price-parity basis (adjusting for eventual supply) this coin has a market cap of about $8 million which is quite respectable. Probably top 20 or so.

Yes the top 20 is exactly what I meant when I said top ranks. But if the price remains what it is now, the market cap will still be less than 5 million after 10 years, which is not very respectable at all imo, so I think there's a lot of room for this coin to grow in value.

[smooth]

Top ranks meaning what? There are several hundred alts, and if the more obscure ones are included it might be over a thousand. On a price-parity basis (adjusting for eventual supply) this coin has a market cap of about $8 million which is quite respectable. Probably top 20 or so.

Yes the top 20 is exactly what I meant when I said top ranks. But if the price remains what it is now, the market cap will still be less than 5 million after 10 years, which is not very respectable at all imo, so I think there's a lot of room for this coin to grow in value.

Staying in once place for 10 years is totally implausible. What I meant was that the market has already recognized this coin as a top 20 coin based on potential. If that potential is not realized into something actually used and useful, then it will go to go zero, not stay where it is.