tubesteak
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2014, 02:08:23 AM |
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I just downloaded the wallet and am syncing, but my wallet is now stuck on block 3021. Can someone please help?
Have you tried restarting the wallet and leaving for 30mins? It's been stuck on 3021 for 20 min or so. I'll let it run for awhile longer. Try deleting everything in your %appdata%\Nanite folder ( apart from wallet.dat) and restart wallet. If the problem persists could you pm us a copy of your debug.log which is also located in the same place as above. That was the ticket, Thanks
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SLG: SPWZuB9HsZVQNiHCbLQyw32EdRdVtt87We
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Nanite (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2014, 02:34:58 AM |
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I just downloaded the wallet and am syncing, but my wallet is now stuck on block 3021. Can someone please help?
Have you tried restarting the wallet and leaving for 30mins? It's been stuck on 3021 for 20 min or so. I'll let it run for awhile longer. Try deleting everything in your %appdata%\Nanite folder ( apart from wallet.dat) and restart wallet. If the problem persists could you pm us a copy of your debug.log which is also located in the same place as above. That was the ticket, Thanks No problem if you have any more problems let us know
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Nanite (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2014, 08:05:56 AM |
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A small update for you all, As you all know by now, Proof of Work has now ended and we have transitioned to full Proof of Stake (200% per Annum) HTML5 WalletThe HTML5 wallet is coming along a lot faster than anticipated, we are currently just testing now and trying to eliminate all bugs and hope to have a beta for you all to try in the next day or two. Mobile/NodeJS wallets are still in development are still on schedule for late November / early December. Point-of-Sale Software/ToolsWe will be releasing our brand spanking new website shortly and will have more information on the tools that will be available. We aim to have a closed source testing phase of our tools in which you will be able to purchase mining gear (Antminer's etc) for XNAN. Yes thats right, we will be selling mining gear for XNAN only.Prices are still to be determined, and shipping will only be available in the US/EU. Pricing StructurePlease note this is a rough estimate, prices may change depending on XNAN market price at time of launch Limited Stock available at launch, first in first serve. Not all items listed below; given as a sneak preview of whats instore.- ANTMINER S4 - 25,000 XNAN
- ANTMINER S3 - 8,500 XNAN
- Spondoolies SP20 - 15,000XNAN
- Spondoolies SP35 - 45,000XNAN
So stay tuned for our next update as we try crunch the rest of the code so we can get it out to you all!
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Battareus
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2014, 09:04:47 AM |
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0.058 (if 25000 xnan for ant s4)/365 = 0.0001589041 1 xnan must be = 0.0001589041 btc
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anticlimax
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November 10, 2014, 09:22:18 AM |
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By rough estimate, do you mean you expect xnan to be work 16000 Satoshi at the time of your launch? Or is this # based on the current market price? Why don't you ship to Canada?
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twitter @antiiclimax
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tuaris
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2014, 09:29:19 AM |
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By rough estimate, do you mean you expect xnan to be work 16000 Satoshi at the time of your launch? Or is this # based on the current market price?
This is quite clever, hopefully there is plenty of inventory to backup the demand and drive up the price to the correct levels to match the costs.
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anticlimax
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November 10, 2014, 09:43:17 AM |
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By rough estimate, do you mean you expect xnan to be work 16000 Satoshi at the time of your launch? Or is this # based on the current market price?
This is quite clever, hopefully there is plenty of inventory to backup the demand and drive up the price to the correct levels to match the costs. Seems too good to be true.
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twitter @antiiclimax
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Mig-23
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November 10, 2014, 12:01:10 PM |
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when i download and install wallet in my windows7;Nanite qt exe has stoped working what can i do,.. hallo dev?
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egyptocoin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2014, 12:08:41 PM |
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Soo wait a minute - why would someone need equipment to stake? Seems to me unnecessary. Also it doesn't take an economist to figure out with the inherently outrageous coming inflation keeping the price above levels that will make it profitable for the average investor seems to be a pipe dream.
(I mined some of these coins which is why I'm even here - but I don't like being surrounded by red flags)
My biggest concern is the wallet looks like a copy paste clone.(reminds me of flexible) I would update that immediately.
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notsofast
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@notsofast
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2014, 12:34:50 PM |
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Soo wait a minute - why would someone need equipment to stake? Seems to me unnecessary. Also it doesn't take an economist to figure out with the inherently outrageous coming inflation keeping the price above levels that will make it profitable for the average investor seems to be a pipe dream.
(I mined some of these coins which is why I'm even here - but I don't like being surrounded by red flags)
My biggest concern is the wallet looks like a copy paste clone.(reminds me of flexible) I would update that immediately.
I think you need to reread the whole thread, and check your risk tolerance. According to devs, HTML5 wallet is in development, final stages. Often devs will launch with a known working clone wallet and update with uniqur features later once miners and early buyers have a captive investment with some expectation of value locked in. Damn right it's a copy paste clone-- of something that just works, for a smooth launch and mining process. 200% stake is a second phase of distribution trending toward maximum supply and intended to generate short term price support as the only way to acquire future XNAN is to buy current XNAN. Stake percentage was defined in the original announcement and should have factored in to your decision of whether or not to mine this coin. No equipment is required to stake. I don't know where you got that from, apart from a complete misunderstanding of the follow-up dev announcement about selling bitcoin mining hardware denominated purely in XNAN.
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twitter.com/notsofast
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Battareus
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2014, 12:47:45 PM |
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Today the developer was the last time online.
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egyptocoin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2014, 12:48:18 PM |
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Soo wait a minute - why would someone need equipment to stake? Seems to me unnecessary. Also it doesn't take an economist to figure out with the inherently outrageous coming inflation keeping the price above levels that will make it profitable for the average investor seems to be a pipe dream.
(I mined some of these coins which is why I'm even here - but I don't like being surrounded by red flags)
My biggest concern is the wallet looks like a copy paste clone.(reminds me of flexible) I would update that immediately.
I think you need to reread the whole thread, and check your risk tolerance. According to devs, HTML5 wallet is in development, final stages. Often devs will launch with a known working clone wallet and update with uniqur features later once miners and early buyers have a captive investment with some expectation of value locked in. Damn right it's a copy paste clone-- of something that just works, for a smooth launch and mining process. 200% stake is a second phase of distribution trending toward maximum supply and intended to generate short term price support as the only way to acquire future XNAN is to buy current XNAN. Stake percentage was defined in the original announcement and should have factored in to your decision of whether or not to mine this coin. No equipment is required to stake. I don't know where you got that from, apart from a complete misunderstanding of the follow-up dev announcement about selling bitcoin mining hardware denominated purely in XNAN. Ok you're right, about the hardware.(my opinion)As for risk tolerance I sold what I mined already so that boat has sailed. But my point about inflation isn't about risk - but reality. Bitcoin has a $12-16 million dollar a day trading average and is in a long decline with only 16% inflation. Granted a million variables can't account for that but if this coin is anything like the other 99% Only a few people will hold them, and with that inflation the dumps will be epic. Where do you think the price should be right now out of curiousity. For the record I'm completely ambivalent to P&D I'm an investor, not a moral crusader.
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ShadowBits
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2014, 01:37:28 PM |
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Soo wait a minute - why would someone need equipment to stake? Seems to me unnecessary. Also it doesn't take an economist to figure out with the inherently outrageous coming inflation keeping the price above levels that will make it profitable for the average investor seems to be a pipe dream.
(I mined some of these coins which is why I'm even here - but I don't like being surrounded by red flags)
My biggest concern is the wallet looks like a copy paste clone.(reminds me of flexible) I would update that immediately.
I think you need to reread the whole thread, and check your risk tolerance. According to devs, HTML5 wallet is in development, final stages. Often devs will launch with a known working clone wallet and update with uniqur features later once miners and early buyers have a captive investment with some expectation of value locked in. Damn right it's a copy paste clone-- of something that just works, for a smooth launch and mining process. 200% stake is a second phase of distribution trending toward maximum supply and intended to generate short term price support as the only way to acquire future XNAN is to buy current XNAN. Stake percentage was defined in the original announcement and should have factored in to your decision of whether or not to mine this coin. No equipment is required to stake. I don't know where you got that from, apart from a complete misunderstanding of the follow-up dev announcement about selling bitcoin mining hardware denominated purely in XNAN. Ok you're right, about the hardware.(my opinion)As for risk tolerance I sold what I mined already so that boat has sailed. But my point about inflation isn't about risk - but reality. Bitcoin has a $12-16 million dollar a day trading average and is in a long decline with only 16% inflation. Granted a million variables can't account for that but if this coin is anything like the other 99% Only a few people will hold them, and with that inflation the dumps will be epic. Where do you think the price should be right now out of curiousity. For the record I'm completely ambivalent to P&D I'm an investor, not a moral crusader. Everyone should remember we are dealing with complex systems here and making absolute statements on such shaky ground is something I wouldn't do. Like you said, "granted a million variables can't account for that". Some of the only points I will make are these. Most coins/wallets are clones or based on one with modification, so that in itself does not nullify this coins worth. As a clone, this is probably a clone of one of the best looking wallets out there. The wallet isn't just aesthetic, is also has utility and built-in features. Bitcoin as a comparison is a dinosaur. The only thing it has going for it is it is a popular dinosaur. Staking has the value of allowing further coin creation to happen after mining has occurred, inviting/encouraging saving behavior as opposed to short-term gratification. There is a risk, but all risk have greater rewards. The coin doesn't have to do much more as it is when you compare it to Bitcoin the dinosaur. A store is nice, but ultimately, I find the markets have to find purposes for coins, not the developer. Developer should mostly worry about making the most accessible, aesthetic, utilitarian, and practical coin/wallet/platforms as possible. Asking him to make you a market for the coin is like asking me to find things you are passionate about. Only you know that ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Sorry, a bit of a rant. Also, if people come in here and aren't newbs asking about stupid things, then you know the coin is probably worth something since people are attempting to lower the value further to acquire cheap coins. Weak hands will allow this ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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BitcoinNational
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Join The Blockchain Revolution In Logistics
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2014, 01:40:38 PM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FyoPA2Aa.png&t=665&c=ZAiBNbpOcIPdrQ) PoS Interest: 200%Pre-mine: 1% (10,000 XNAN)
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ocminer
Legendary
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Activity: 2688
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2014, 01:40:56 PM |
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Soo wait a minute - why would someone need equipment to stake? Seems to me unnecessary. Also it doesn't take an economist to figure out with the inherently outrageous coming inflation keeping the price above levels that will make it profitable for the average investor seems to be a pipe dream.
(I mined some of these coins which is why I'm even here - but I don't like being surrounded by red flags)
My biggest concern is the wallet looks like a copy paste clone.(reminds me of flexible) I would update that immediately.
I think you need to reread the whole thread, and check your risk tolerance. According to devs, HTML5 wallet is in development, final stages. Often devs will launch with a known working clone wallet and update with uniqur features later once miners and early buyers have a captive investment with some expectation of value locked in. Damn right it's a copy paste clone-- of something that just works, for a smooth launch and mining process. 200% stake is a second phase of distribution trending toward maximum supply and intended to generate short term price support as the only way to acquire future XNAN is to buy current XNAN. Stake percentage was defined in the original announcement and should have factored in to your decision of whether or not to mine this coin. No equipment is required to stake. I don't know where you got that from, apart from a complete misunderstanding of the follow-up dev announcement about selling bitcoin mining hardware denominated purely in XNAN. Ok you're right, about the hardware.(my opinion)As for risk tolerance I sold what I mined already so that boat has sailed. But my point about inflation isn't about risk - but reality. Bitcoin has a $12-16 million dollar a day trading average and is in a long decline with only 16% inflation. Granted a million variables can't account for that but if this coin is anything like the other 99% Only a few people will hold them, and with that inflation the dumps will be epic. Where do you think the price should be right now out of curiousity. For the record I'm completely ambivalent to P&D I'm an investor, not a moral crusader. Everyone should remember we are dealing with complex systems here and making absolute statements on such shaky ground is something I wouldn't do. Like you said, "granted a million variables can't account for that". Some of the only points I will make are these. Most coins/wallets are clones or based on one with modification, so that in itself does not nullify this coins worth. As a clone, this is probably a clone of one of the best looking wallets out there. The wallet isn't just aesthetic, is also has utility and built-in features. Bitcoin as a comparison is a dinosaur. The only thing it has going for it is it is a popular dinosaur. Staking has the value of allowing further coin creation to happen after mining has occurred, inviting/encouraging saving behavior as opposed to short-term gratification. There is a risk, but all risk have greater rewards. The coin doesn't have to do much more as it is when you compare it to Bitcoin the dinosaur. A store is nice, but ultimately, I find the markets have to find purposes for coins, not the developer. Developer should mostly worry about making the most accessible, aesthetic, utilitarian, and practical coin/wallet/platforms as possible. Asking him to make you a market for the coin is like asking me to find things you are passionate about. Only you know that ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Sorry, a bit of a rant. Also, if people come in here and aren't newbs asking about stupid things, then you know the coin is probably worth something since people are attempting to lower the value further to acquire cheap coins. Weak hands will allow this ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Lol dude get real.. Wake up
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suprnova pools - reliable mining pools - #suprnova on freenet https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools
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ShadowBits
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2014, 01:42:28 PM |
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Soo wait a minute - why would someone need equipment to stake? Seems to me unnecessary. Also it doesn't take an economist to figure out with the inherently outrageous coming inflation keeping the price above levels that will make it profitable for the average investor seems to be a pipe dream.
(I mined some of these coins which is why I'm even here - but I don't like being surrounded by red flags)
My biggest concern is the wallet looks like a copy paste clone.(reminds me of flexible) I would update that immediately.
I think you need to reread the whole thread, and check your risk tolerance. According to devs, HTML5 wallet is in development, final stages. Often devs will launch with a known working clone wallet and update with uniqur features later once miners and early buyers have a captive investment with some expectation of value locked in. Damn right it's a copy paste clone-- of something that just works, for a smooth launch and mining process. 200% stake is a second phase of distribution trending toward maximum supply and intended to generate short term price support as the only way to acquire future XNAN is to buy current XNAN. Stake percentage was defined in the original announcement and should have factored in to your decision of whether or not to mine this coin. No equipment is required to stake. I don't know where you got that from, apart from a complete misunderstanding of the follow-up dev announcement about selling bitcoin mining hardware denominated purely in XNAN. Ok you're right, about the hardware.(my opinion)As for risk tolerance I sold what I mined already so that boat has sailed. But my point about inflation isn't about risk - but reality. Bitcoin has a $12-16 million dollar a day trading average and is in a long decline with only 16% inflation. Granted a million variables can't account for that but if this coin is anything like the other 99% Only a few people will hold them, and with that inflation the dumps will be epic. Where do you think the price should be right now out of curiousity. For the record I'm completely ambivalent to P&D I'm an investor, not a moral crusader. Everyone should remember we are dealing with complex systems here and making absolute statements on such shaky ground is something I wouldn't do. Like you said, "granted a million variables can't account for that". Some of the only points I will make are these. Most coins/wallets are clones or based on one with modification, so that in itself does not nullify this coins worth. As a clone, this is probably a clone of one of the best looking wallets out there. The wallet isn't just aesthetic, is also has utility and built-in features. Bitcoin as a comparison is a dinosaur. The only thing it has going for it is it is a popular dinosaur. Staking has the value of allowing further coin creation to happen after mining has occurred, inviting/encouraging saving behavior as opposed to short-term gratification. There is a risk, but all risk have greater rewards. The coin doesn't have to do much more as it is when you compare it to Bitcoin the dinosaur. A store is nice, but ultimately, I find the markets have to find purposes for coins, not the developer. Developer should mostly worry about making the most accessible, aesthetic, utilitarian, and practical coin/wallet/platforms as possible. Asking him to make you a market for the coin is like asking me to find things you are passionate about. Only you know that ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Sorry, a bit of a rant. Also, if people come in here and aren't newbs asking about stupid things, then you know the coin is probably worth something since people are attempting to lower the value further to acquire cheap coins. Weak hands will allow this ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Lol dude get real.. Wake up Thanks for the maturity and constructive criticism. Are you 12 per chance?
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notsofast
Legendary
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Activity: 1517
Merit: 1042
@notsofast
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2014, 01:45:19 PM |
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Soo wait a minute - why would someone need equipment to stake? Seems to me unnecessary. Also it doesn't take an economist to figure out with the inherently outrageous coming inflation keeping the price above levels that will make it profitable for the average investor seems to be a pipe dream.
(I mined some of these coins which is why I'm even here - but I don't like being surrounded by red flags)
My biggest concern is the wallet looks like a copy paste clone.(reminds me of flexible) I would update that immediately.
I think you need to reread the whole thread, and check your risk tolerance. According to devs, HTML5 wallet is in development, final stages. Often devs will launch with a known working clone wallet and update with uniqur features later once miners and early buyers have a captive investment with some expectation of value locked in. Damn right it's a copy paste clone-- of something that just works, for a smooth launch and mining process. 200% stake is a second phase of distribution trending toward maximum supply and intended to generate short term price support as the only way to acquire future XNAN is to buy current XNAN. Stake percentage was defined in the original announcement and should have factored in to your decision of whether or not to mine this coin. No equipment is required to stake. I don't know where you got that from, apart from a complete misunderstanding of the follow-up dev announcement about selling bitcoin mining hardware denominated purely in XNAN. Ok you're right, about the hardware.(my opinion)As for risk tolerance I sold what I mined already so that boat has sailed. But my point about inflation isn't about risk - but reality. Bitcoin has a $12-16 million dollar a day trading average and is in a long decline with only 16% inflation. Granted a million variables can't account for that but if this coin is anything like the other 99% Only a few people will hold them, and with that inflation the dumps will be epic. Where do you think the price should be right now out of curiousity. For the record I'm completely ambivalent to P&D I'm an investor, not a moral crusader. I'm a speculator, though I do care about crypto long-term too. I thought the same way as you about seemingly unsustainable stake inflation until I actually observed the marketplace and learned more about the staking process. I refused to mine Truckcoin when it came out-- it was the first coin with 200% PoS-- and missed out on a very easy chance to 15x-25x my speculation on a quick turnaround. More recently, I could have held Snowballs for a lot longer than I did, and that coin stakes at 5000% per year (not a typo). In terms of short-run economics, stake is simply supply distribution. It is not economically equivalent to compound interest because of coin age and time to stake: coins only earn stake when they've sat untransacted through stake age. Each transaction reduces the effective total inflation, short term. I have no opinion on where price should be, sorry.
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twitter.com/notsofast
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ShadowBits
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2014, 01:47:02 PM |
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Soo wait a minute - why would someone need equipment to stake? Seems to me unnecessary. Also it doesn't take an economist to figure out with the inherently outrageous coming inflation keeping the price above levels that will make it profitable for the average investor seems to be a pipe dream.
(I mined some of these coins which is why I'm even here - but I don't like being surrounded by red flags)
My biggest concern is the wallet looks like a copy paste clone.(reminds me of flexible) I would update that immediately.
I think you need to reread the whole thread, and check your risk tolerance. According to devs, HTML5 wallet is in development, final stages. Often devs will launch with a known working clone wallet and update with uniqur features later once miners and early buyers have a captive investment with some expectation of value locked in. Damn right it's a copy paste clone-- of something that just works, for a smooth launch and mining process. 200% stake is a second phase of distribution trending toward maximum supply and intended to generate short term price support as the only way to acquire future XNAN is to buy current XNAN. Stake percentage was defined in the original announcement and should have factored in to your decision of whether or not to mine this coin. No equipment is required to stake. I don't know where you got that from, apart from a complete misunderstanding of the follow-up dev announcement about selling bitcoin mining hardware denominated purely in XNAN. Ok you're right, about the hardware.(my opinion)As for risk tolerance I sold what I mined already so that boat has sailed. But my point about inflation isn't about risk - but reality. Bitcoin has a $12-16 million dollar a day trading average and is in a long decline with only 16% inflation. Granted a million variables can't account for that but if this coin is anything like the other 99% Only a few people will hold them, and with that inflation the dumps will be epic. Where do you think the price should be right now out of curiousity. For the record I'm completely ambivalent to P&D I'm an investor, not a moral crusader. I'm a speculator, though I do care about crypto long-term too. I thought the same way as you about seemingly unsustainable stake inflation until I actually observed the marketplace and learned more about the staking process. I refused to mine Truckcoin when it came out-- it was the first coin with 200% PoS-- and missed out on a very easy chance to 15x-25x my speculation on a quick turnaround. More recently, I could have held Snowballs for a lot longer than I did, and that coin stakes at 5000% per year (not a typo). In terms of short-run economics, stake is simply supply distribution. It is not economically equivalent to compound interest because of coin age and time to stake: coins only earn stake when they've sat untransacted through stake age. Each transaction reduces the effective total inflation, short term. I have no opinion on where price should be, sorry. +1
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SkyValeey
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2014, 01:51:05 PM |
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Soo wait a minute - why would someone need equipment to stake? Seems to me unnecessary. Also it doesn't take an economist to figure out with the inherently outrageous coming inflation keeping the price above levels that will make it profitable for the average investor seems to be a pipe dream.
(I mined some of these coins which is why I'm even here - but I don't like being surrounded by red flags)
My biggest concern is the wallet looks like a copy paste clone.(reminds me of flexible) I would update that immediately.
I think you need to reread the whole thread, and check your risk tolerance. According to devs, HTML5 wallet is in development, final stages. Often devs will launch with a known working clone wallet and update with uniqur features later once miners and early buyers have a captive investment with some expectation of value locked in. Damn right it's a copy paste clone-- of something that just works, for a smooth launch and mining process. 200% stake is a second phase of distribution trending toward maximum supply and intended to generate short term price support as the only way to acquire future XNAN is to buy current XNAN. Stake percentage was defined in the original announcement and should have factored in to your decision of whether or not to mine this coin. No equipment is required to stake. I don't know where you got that from, apart from a complete misunderstanding of the follow-up dev announcement about selling bitcoin mining hardware denominated purely in XNAN. Ok you're right, about the hardware.(my opinion)As for risk tolerance I sold what I mined already so that boat has sailed. But my point about inflation isn't about risk - but reality. Bitcoin has a $12-16 million dollar a day trading average and is in a long decline with only 16% inflation. Granted a million variables can't account for that but if this coin is anything like the other 99% Only a few people will hold them, and with that inflation the dumps will be epic. Where do you think the price should be right now out of curiousity. For the record I'm completely ambivalent to P&D I'm an investor, not a moral crusader. Everyone should remember we are dealing with complex systems here and making absolute statements on such shaky ground is something I wouldn't do. Like you said, "granted a million variables can't account for that". Some of the only points I will make are these. Most coins/wallets are clones or based on one with modification, so that in itself does not nullify this coins worth. As a clone, this is probably a clone of one of the best looking wallets out there. The wallet isn't just aesthetic, is also has utility and built-in features. Bitcoin as a comparison is a dinosaur. The only thing it has going for it is it is a popular dinosaur. Staking has the value of allowing further coin creation to happen after mining has occurred, inviting/encouraging saving behavior as opposed to short-term gratification. There is a risk, but all risk have greater rewards. The coin doesn't have to do much more as it is when you compare it to Bitcoin the dinosaur. A store is nice, but ultimately, I find the markets have to find purposes for coins, not the developer. Developer should mostly worry about making the most accessible, aesthetic, utilitarian, and practical coin/wallet/platforms as possible. Asking him to make you a market for the coin is like asking me to find things you are passionate about. Only you know that ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Sorry, a bit of a rant. Also, if people come in here and aren't newbs asking about stupid things, then you know the coin is probably worth something since people are attempting to lower the value further to acquire cheap coins. Weak hands will allow this ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) good post. true about qts
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ocminer
Legendary
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Activity: 2688
Merit: 1240
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2014, 02:04:29 PM |
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Soo wait a minute - why would someone need equipment to stake? Seems to me unnecessary. Also it doesn't take an economist to figure out with the inherently outrageous coming inflation keeping the price above levels that will make it profitable for the average investor seems to be a pipe dream.
(I mined some of these coins which is why I'm even here - but I don't like being surrounded by red flags)
My biggest concern is the wallet looks like a copy paste clone.(reminds me of flexible) I would update that immediately.
I think you need to reread the whole thread, and check your risk tolerance. According to devs, HTML5 wallet is in development, final stages. Often devs will launch with a known working clone wallet and update with uniqur features later once miners and early buyers have a captive investment with some expectation of value locked in. Damn right it's a copy paste clone-- of something that just works, for a smooth launch and mining process. 200% stake is a second phase of distribution trending toward maximum supply and intended to generate short term price support as the only way to acquire future XNAN is to buy current XNAN. Stake percentage was defined in the original announcement and should have factored in to your decision of whether or not to mine this coin. No equipment is required to stake. I don't know where you got that from, apart from a complete misunderstanding of the follow-up dev announcement about selling bitcoin mining hardware denominated purely in XNAN. Ok you're right, about the hardware.(my opinion)As for risk tolerance I sold what I mined already so that boat has sailed. But my point about inflation isn't about risk - but reality. Bitcoin has a $12-16 million dollar a day trading average and is in a long decline with only 16% inflation. Granted a million variables can't account for that but if this coin is anything like the other 99% Only a few people will hold them, and with that inflation the dumps will be epic. Where do you think the price should be right now out of curiousity. For the record I'm completely ambivalent to P&D I'm an investor, not a moral crusader. Everyone should remember we are dealing with complex systems here and making absolute statements on such shaky ground is something I wouldn't do. Like you said, "granted a million variables can't account for that". Some of the only points I will make are these. Most coins/wallets are clones or based on one with modification, so that in itself does not nullify this coins worth. As a clone, this is probably a clone of one of the best looking wallets out there. The wallet isn't just aesthetic, is also has utility and built-in features. Bitcoin as a comparison is a dinosaur. The only thing it has going for it is it is a popular dinosaur. Staking has the value of allowing further coin creation to happen after mining has occurred, inviting/encouraging saving behavior as opposed to short-term gratification. There is a risk, but all risk have greater rewards. The coin doesn't have to do much more as it is when you compare it to Bitcoin the dinosaur. A store is nice, but ultimately, I find the markets have to find purposes for coins, not the developer. Developer should mostly worry about making the most accessible, aesthetic, utilitarian, and practical coin/wallet/platforms as possible. Asking him to make you a market for the coin is like asking me to find things you are passionate about. Only you know that ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Sorry, a bit of a rant. Also, if people come in here and aren't newbs asking about stupid things, then you know the coin is probably worth something since people are attempting to lower the value further to acquire cheap coins. Weak hands will allow this ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Lol dude get real.. Wake up Thanks for the maturity and constructive criticism. Are you 12 per chance? I have no time arguing for a two day old project that was exposed as a blatant copy from a coin that failed hard about a week ago. This is not darkcoin, xc or something like that All the "ideas" i have heard lots of times
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