[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]

[goldlabel]

The Bitcoin value is very nice and we know XMG coin of Magi will rise even more.
How do we keep the thiefs out of our wallets, whats the best why OR whats the best wallet

Best option is to use a paper wallet - or at least store a wallet.dat offline on a USB stick (and multiple backups) with a very secure password

Oke and how about the BTC wallet, i read the best way is a hardware wallet?

[starmman]

The Bitcoin value is very nice and we know XMG coin of Magi will rise even more.
How do we keep the thiefs out of our wallets, whats the best why OR whats the best wallet

Best option is to use a paper wallet - or at least store a wallet.dat offline on a USB stick (and multiple backups) with a very secure password

Oke and how about the BTC wallet, i read the best way is a hardware wallet?

Yep, I'm planning to buy one very soon - I heard Trezor are very good - but also the most expensive =)

[goldlabel]

The Bitcoin value is very nice and we know XMG coin of Magi will rise even more.
How do we keep the thiefs out of our wallets, whats the best why OR whats the best wallet

Best option is to use a paper wallet - or at least store a wallet.dat offline on a USB stick (and multiple backups) with a very secure password

Oke and how about the BTC wallet, i read the best way is a hardware wallet?

Yep, I'm planning to buy one very soon - I heard Trezor are very good - but also the most expensive =)

Oke nice, so im on track, but is i give my dog her food to late and she take revence by eating my wallet can i get is back with some kind of backup?

[starmman]

The Bitcoin value is very nice and we know XMG coin of Magi will rise even more.
How do we keep the thiefs out of our wallets, whats the best why OR whats the best wallet

Best option is to use a paper wallet - or at least store a wallet.dat offline on a USB stick (and multiple backups) with a very secure password

Oke and how about the BTC wallet, i read the best way is a hardware wallet?

Yep, I'm planning to buy one very soon - I heard Trezor are very good - but also the most expensive =)

Oke nice, so im on track, but is i give my dog her food to late and she take revence by eating my wallet can i get is back with some kind of backup?

The following article may help if you are planning on using the hardware wallet
https://doc.satoshilabs.com/trezor-user/securitybestpractices.html

[jayd25]

why this coin so low volume and value?its been 3 years,nothin changed...any perspectives?

[111magic]

why this coin so low volume and value?its been 3 years,nothin changed...any perspectives?

Al lot is changed. Value went up from $0.01 to $
0.13
Magi started with very small team. Team & community are growing. New developments are in progress. Roadmap was released few weeks ago. New website will be released soon. Magi standalone payment gateway is also in progress. So a lot is happening.
Magi is a long-term currency with a great future.

Welcome here jayd25

[jayd25]

why this coin so low volume and value?its been 3 years,nothin changed...any perspectives?

Al lot is changed. Value went up from $0.01 to $
0.13
Magi started with very small team. Team & community are growing. New developments are in progress. Roadmap was released few weeks ago. New website will be released soon. Magi standalone payment gateway is also in progress. So a lot is happening.
Magi is a long-term currency with a great future.

Welcome here jayd25

how u feel,magicoins price will grow?

[111magic]

why this coin so low volume and value?its been 3 years,nothin changed...any perspectives?

Al lot is changed. Value went up from $0.01 to $
0.13
Magi started with very small team. Team & community are growing. New developments are in progress. Roadmap was released few weeks ago. New website will be released soon. Magi standalone payment gateway is also in progress. So a lot is happening.
Magi is a long-term currency with a great future.

Welcome here jayd25

how u feel,magicoins price will grow?

Yes i believe it will. Its always hard to tell when but Magi received a lot of positive responses so i think it will.
But we never say yo people: " Buy now" or something like that. You have yo make your own choice when or were.
Magi started without ICO.
Think most important is that you have to believe in the future of a specific coin, the coin-developer, team and community.

[kondiomir]

Hey guys.
Glad to see the old buddy's here again here. Is there a snapshot of the blockchain ?
 

I think this is what you are looking for.

http://coinmagi.org/bin/block-chain/

Yeah. Thats what I mean.
Thank you very much

[starmman]

why this coin so low volume and value?its been 3 years,nothin changed...any perspectives?

Market cap has increased from $20,000 to $1,000,000 in 13 months - that's quite a sizeable change to me =)

[starmman]

Hey guys.
Glad to see the old buddy's here again here. Is there a snapshot of the blockchain ?
 

I think this is what you are looking for.

http://coinmagi.org/bin/block-chain/

Yeah. Thats what I mean.
Thank you very much

You're very welcome - and great to see you around again =)

[111magic]

Magi added on new Crypto trade platform.
See message below:



Coin Magi (XMG) Listed in CryptoDAO Limited- Crypto Trade Platform, Multi Wallet and Crypto Loan Provider(Beta Version)
Send us Coin Magi Bounty/Donation: 96zQCZi3D2PsYYcM2zH8HZx7YVyBF8Zvds


Our Standard Platform:
BTC/XMG:https://cryptodao.com/site/index/XMG/BTC
LTC/XMG:https://cryptodao.com/site/index/XMG/LTC
ETH/XMG:https://cryptodao.com/site/index/XMG/ETH
USD/XMG:https://cryptodao.com/site/index/XMG/USD
RUR/XMG:https://cryptodao.com/site/index/XMG/RUR


MT4 Based PRO Webtrade Platform
BTC/XMG: https://cryptodao.com/trade2/index?symbol=cryptodaoxmgbtc

Coin Magi Webwallet
https://cryptodao.com/site/register

Thanks Cryptodao and welcome in our Magi community!

Cool, always good to get a new exchange involved - does the multi wallet also stake?

Didn't hear of this one before, is it well established/trusted?

I dont have any spare magi to offer on the exchange right now. I think We'll need a few people to put some Magi and/or BTC into the exchange to get some liquiduty

Looks like its English and Chinese!
Thats awesome! Magi likes a exchange with Oriental language

Magi community;

Help Magi on Cryptodao with some volume!

[evilmuffinman]

is there still a paper wallet generator up and running?

[111magic]

is there still a paper wallet generator up and running?

Team is working on the new website. The link for the paperwallet is there but not working at the moment.
Think will be working after the launch of the new modern website.
Maybe Ex33s can help you if you need it fast!

[The Frisian]

Here is a list of the things we're going to do:

https://roadmap.coinmagi.org

We would like to make the first things to be done ASAP.

And furthermore, we have 800 pages of very interesting reading material for all the
new Magi people, please enjoy reading!

I can assure you I've read them all from the very beginning!

[111magic]

Here is a list of the things we're going to do:

https://roadmap.coinmagi.org

We would like to make the first things to be done ASAP.

And furthermore, we have 800 pages of very interesting reading material for all the
new Magi people, please enjoy reading!

I can assure you I've read them all from the very beginning!

Its the first roadmap Magi made! Thats promising!

[evilmuffinman]

I saw a tweet about xmg on poswallet a couple weeks ago and deposited my coins, I earned nearly 500 xmg from pool staking over 5 days (what black magic is this) they then remove almost all the coins including magi.
So I guess what I'm saying is y'all got any more of that pool staking somewhere?

[joelao95]

I saw a tweet about xmg on poswallet a couple weeks ago and deposited my coins, I earned nearly 500 xmg from pool staking over 5 days (what black magic is this) they then remove almost all the coins including magi.
So I guess what I'm saying is y'all got any more of that pool staking somewhere?

That sounds suspicious given APR ~ 3.3%.

[joelao95]

I'm more interested in knowing how PoS-II compares with Ouroboros, specifically with respect to what they consider to be a fundamental design challenge.

"The PoS Design challenge. A fundamental problem for PoS-based blockchain protocols is to
simulate the leader election process. In order to achieve a randomized election among stakeholders,
entropy must be introduced into the system, and mechanisms to introduce entropy may be manipulated
by the adversary. For instance, independently of the solution, an adversary controlling
a set of stakeholders may choose to simulate the protocol execution trying different sequences of
stakeholder participants so that it finds a favorable chain continuation that biases the leader election.
To prevent this manipulation, honest stakeholders must be able to add sufficient entropy and
counter any lookahead performed by the adversary." - https://iohk.io/research/papers/#9BKRHCSI

I'm no coder, but I can read and understand the basics as well as comprehend the theoretical, and it seems to me that PoS-II does a very good job of addressing this "fundamental challenge". I'm hoping for serious treatment of the subject, which I think would also put PoS-II in a very favorable light.

MAGI's PoS implementation is based on modifying the coin age, and most of other PoS improvements play around this as well. The section "# PoS-II-V2" on https://bitcointalk.org/index.php?topic=735170.msg9991269#msg9991269 is center of what's been done.

Thanks for the document. I am not able to read it through all at this time but will do. I do expect some serious and fundamental improvements would be done to make the PoS better.

[111magic]

I'm more interested in knowing how PoS-II compares with Ouroboros, specifically with respect to what they consider to be a fundamental design challenge.

"The PoS Design challenge. A fundamental problem for PoS-based blockchain protocols is to
simulate the leader election process. In order to achieve a randomized election among stakeholders,
entropy must be introduced into the system, and mechanisms to introduce entropy may be manipulated
by the adversary. For instance, independently of the solution, an adversary controlling
a set of stakeholders may choose to simulate the protocol execution trying different sequences of
stakeholder participants so that it finds a favorable chain continuation that biases the leader election.
To prevent this manipulation, honest stakeholders must be able to add sufficient entropy and
counter any lookahead performed by the adversary." - https://iohk.io/research/papers/#9BKRHCSI

I'm no coder, but I can read and understand the basics as well as comprehend the theoretical, and it seems to me that PoS-II does a very good job of addressing this "fundamental challenge". I'm hoping for serious treatment of the subject, which I think would also put PoS-II in a very favorable light.

MAGI's PoS implementation is based on modifying the coin age, and most of other PoS improvements play around this as well. The section "# PoS-II-V2" on https://bitcointalk.org/index.php?topic=735170.msg9991269#msg9991269 is center of what's been done.

Thanks for the document. I am not able to read it through all at this time but will do. I do expect some serious and fundamental improvements would be done to make the PoS better.

Sounds great Joe. Looking forward to it.
100% trust you can do it!