Topic: [ANN] ColossusXT (COLX) Private| Sustainable| Grid Computing - Mandatory Update - page 134. (Read 149057 times)

Why would you think that?

i just swapprd my cv2 for colx on nova

Hello dear devs,

I want to greet you weldone for all the jobs done so far. But I'd like to say few things.

Please there are things still needed to be done that are more important than listing on exchanges.

1. There is no whitepaper, Please kindly work on it and let it be accessible on the website.
2. The website is terrible. It's so rough and looks old. The new graphics are great anyways. This coin is a great one and it deserves a better website. It's priority should be very high.
3. Pairing COLX/DOGE and COLX/MOON is a real bad idea. It won't to the coin any good, Will be better if delisted

Goodluck with the project.

Today we have burned 40,000,000 COLX Premine to an unspendable address at block 23751.

40,000,000 COLX of the Premine have been destroyed and never to be retrieved to COLX Address: DCoLossusCoinXTBurnAddressxxzzRhgy
 

Coins destroyed: 40,000,000 COLX
Block: 23751
Txid: 506a82b2a71e9d33608903e3d004c9776715d246711ab5abd10cadce1bdf52e6
See here: http://www.presstab.pw/phpexplorer/COLX/address.php?address=DCoLossusCoinXTBurnAddressxxzzRhgy

So the coinswap website tells me that there are still 7 billion CV2 available for swapping to COLX.  Don't you think most coins should be swapped by now or are there still people playing around with it? Maybe the total supply of COLX will be much lower if it turns out a lot of CV2 have been lost over the last years.

Exactly, thats why the price there was so cheap. You can buy them but then you cant do anything with it stay away is the right way to go

By trying to play this game you run the risk of having all your CV2 frozen as mentioned. Not worth it to me.

I did not have any coins there, but I had been planning to buy some CV2 there really cheap but that's useless if you can't withdraw them. That has been a problem before. Buying there cheap, converting to bitcoin and then withdrawing is also useless because of the fees so I let that go.

I wanted to buy CV2 cheap and then swap by sending them to Nova.

Yeah unfortunately there's a lot of truth to what you're saying. I've long suspected Yoshit is run by criminals. They are happy to freeze customers wallets at will and use their funds to make more profit and corner markets. Stay away.

When are you going to burn?

Unfortunately, buddy, you will have to forget about your coins there, most likely...

I will be happy to make a mistake, but my practice and my friends confirm my sad words. Yoshit is a bunch of thieves and swindlers.
RUN AWAY FROM THERE ASAP! It's not a exchange - it's a nasty dump of carbage!

BOYCOTT TO THE YOSHIT!!!

I do not
I do have troubles understanding colx tho, as no other coins have that ridiculous mature time and none of them have faulty wallet which have to be restarted after 7days to acknowledge time has passed.

That's true.

I agree with this. Let us work together to get this coin moving. We need some positive news and listings!

No offense but from what I've read you seem to have real troubles understanding what PoS actually is. You should listen more before speaking so assuredly.

If colx can develop a simple mobile wallet, can scan code payment transfers, while the mobile phone or mobile wallet, just need to open a day, you can get the 1-10 colx gold coins, then will be very popular, perhaps can reappear the miracle of Facebook, Facebook in 6 years ago is the full development of the mobile terminal.
Hope colx is better.

Because when you create a pos block your input is divided into 2 tx's and it's age becomes zero.

I perfectly know how this works, no worries. I've been pointing out that wallet has problems to have mature coins even way further than 7days.

And it looks like after stake it's counting 7days again .... LOL

Proof-of-stake mining is similar to Proof-of-work at a technical level. It involves a sort of lottery, similar to proof-of-work,
but the difficult of this lottery is weighted depending on how many coins you are staking and how many Coins you set aside for staking.
In proof of work, miners compete to add the next block (a set of transactions) in the chain by racing to solve a extremely difficult cryptographic puzzle.
The first to solve the puzzle, wins the lottery.

In proof of stake, your chance of being picked to create the next block depends on the fraction of coins in the system you own.
A validator with 3000 coins will be three times as likely to be chosen as someone with 1000 coins.

So think of it more as a lottery, and the number of coins present in your wallet are your tickets. The more coins you have, the more likely you are to win the lottery &
be allowed to process the current block. To clarify, this isn’t an actual lottery, you get to keep your coins for the next round of staking if unsuccessful.
PoS creates an incentive for all to keep their wallets running 24/7, creating more nodes & connections for everyone to use, thus strengthening the network as a whole.

Minting begins at the minimum of 7 days (not exactly 7 days) later after coins were transferred to your address (your wallet need to be unlocked for staking and open all this time).
The more coins you stake, the better chance you have at successfully creating a block, because of the weighted difficulty. Current "difficulty" : 13677.98752233

so bit update for anyone who is kind of stuck there as well....

you need to close your wallet and restart it, then it shows green.
If it is bug, dunno, definitely not became green when opened for 10days straight.

Hope it will help to somebody.

yes I do