Topic: [ANN] DigitalNote |XDN| - ICCO Announce - NEWS - page 144. (Read 450263 times)

Hello,

I have issue with wrong time (1970) as well, but another one. I have tried to send XDNs from MinerGate client to my wallet, but it failed. I've reached MinerGate, they told me it is issue with my wallet. After recreating it, I've sent some of XDNs again but still no luck. So, I've wrote to DigitalNote official address and I am waiting for answer. Hopefully they will resolve this soon enough and I will keep this thread updated. Has anyone else had same issue? With failed transaction?

Anyway i will PM kkraus69 for bin files.

I'm not a Dev however I have found a temporary fix for people who need it by replacing the .bin files from a synced wallet in: C:\Users\YOURUSERNAME\AppData\Roaming\digitalnote   on the computer where the wallet has no connections to any peers.

Hopefully the Dev team provides a fix soon. PM an email address and I will send the files.

PM incoming, hopefully there is a fix by the devs at some point. Any explanation for this weird failure?

EDIT: Is it possible to format these .bin files without having to wait for them to be sent?

fix works.. thanks a million man!

Thanks for the clear answers. Transaction fees are used to pay the interest - in a sense people using the currency are subsidizing people holding the currency. Not necessarily a bad thing, but it does limit the rate of interest. Still not sure how the interest rate can be fixed and still guarantee no inflation . . . what if there are few transactions, and a lot of deposit holders? I'd be more inclined to keep the term deposits, but have a floating interest rate calculated from some percentage of the transaction fees - more like a profit distribution to confirmed hodlers. BitShares was discussing something like this in the early days.

I'm aware that there are very low interest rates on major currencies at the moment. However the central bankers have different objectives than altcoiners, so it is not a useful comparison. These are also very unusual times for interest rates. Traditionally when there is low demand for a currency, interest rates rise to make the currency more attractive. I'd argue that is what needs to happen with DigitalNote to save it from a continued steady loss of price and market cap.

I have the same rate, only for you, and for your advantage.

I have helped other people with this problem by emailing them a copy of my .bin files with working connections to replace them in the C:\Users\YOURUSERNAME\AppData\Roaming\digitalnote folder.

You can send me an email address via private message if you like or get the files from someone you know with a syncronized wallet.

Thank you for your interest in DigitalNote. I'd be happy to answer your questions the best I can.

1. There are trillions of payments globally every year. Once XDN goes mainstream, transaction fees will easily pay the interest. Extra coins can go to the miners. Until then, we are still under the maximum number of 8,589,869,056XDN which incidentally, is a perfect number. This number can manage the world over with its needs for large, small and micro transactions.

2. Crazy as it sounds, several of Europe’s central banks have cut key interest rates below zero and kept them there for more than a year. Negative rates will hit the USA soon. We can't have interest rates too high with XDN as we need the velocity of DigitalNote. We don't want bagholders. We want decentralization and worldwide acceptance.

I truly believe in this coin's potential and that it could be the best cryptocurrency for the future.

Hope this answers your concerns. Let me know if you have anymore questions.

I also have that issue with wrong time (1970) - when will be a fix released?

From log:

Blockchain initialized. last block: 0, d1293.h3.m44.s28 time ago, current difficulty: 1

Fascinating work you're doing here with DigitalNote - got a few questions -

1. How can a limit be set on the total number of coins if there is 1% interest - surely the coin supply can always be 1% larger next year if everyone places their coins on deposit.

2. Is there any scope for higher interest rates? 1% is very low even for a major currency, it's insignificant for a fledging altcoin. Could interest rates be increased to encourage HODLers?
 

I finally fixed their problem by emailing them a copy of my .bin files with working connections to replace them in C:\Users\YOURUSERNAME\AppData\Roaming\digitalnote

You can send me an email address via private message if you like and I will help further if you need it. This is bad practice security wise with someone you don't know unless they can be trusted... or get the files from someone you know.

Yes, this has happened to three people I tried to get into DigitalNote. Two in Toronto and one in India.

anyone elses wallet telling them the last block received was in 1970 and have no peers? if not can someone tell me how to fix this?

not synchronized GUI purse at all

Well that rate only applies locally. I use a personally designed spreadsheet calculator and the idea is to calculate how much it costs me to produce XDN. Every day I input the amount of XDN I mined the previous 24 hours. Over time, the calculator creates a daily average. That daily average is connected to a daily salary + daily electricity cost. The daily salary is calculated by pegging it to silver. Every day I input the price of silver in Troy oz. The calculator averages out the price of silver and creates a forecast average calculation for that day. I take that number and then convert it to silver dinars. Silver dinar is a good measurement for daily wages. It is roughly 1/10th of a Troy oz. That is just a simple explanation of how it works. On top of all that algorithm the spreadsheet also calculates the price by transactions. So when I sell XDN at a highter price the value would go down. Or when I sell XDN at a lower price, the value goes up. Also when I receive XDN donations the price goes significantly down relative to the amount that was donated. Up to now I haven't been able to buy XDN online. That would explain why my rates are so high. But recently I found out about a bitcoin ATM that is about 1 hour drive from where I am. Once I trade those bitcoins for XDN and I input that transaction into the spreadsheet, The price will be lowered automatically and it will resemble those of the exchanges.

I wonder how you come up with that rate ; I use the Poloniex figures ,
our most consolidated & reliable exchange , for more than one project .

In any case , it would be good to know how much minimum reward you
would expect for performing creative , visual works around DigitalNote ?
A simple xdn denomination figure , to get an idea what gets you doing …

This is my current local XDN exchange rate: Buy 0.0000338008 BTC, Sell 0.0000507011 BTC. I update it regularly here:http://digitalnotetalk.org/users/digitalnote-nan
I sell my XDN physically on paper wallets and trade them with friends for services. I have been mining since February 2015, 24/7 @ 55 H/s so you can use my rates as reference to set a real price.
You can print out paper wallets using this template and a spreadsheet program: http://digitalnotetalk.org/re-digitalnote-paper-wallet-design-contest-1

I have supported xdn well above that price , and I haven't sold any of them ; I've set and reached my limit of xdn I want to own .
I am sure that xdn will succeed and as soon as more people try it out and see how fast and smooth it works the price will recover .

It would also not be bad to have a real market place for arts and services where people can buy or auction them for xdn ,
thus giving xdn a few real world examples of trading in this lovely and private currency , adding value to it .
There could be also a way of getting 5 bucks worth ( £€$  ) of xdn for messaging securely and privately ,
if someone would offer such a fiat to xdn service to people who don't want to mine on their devices … .

The point is to be able to use the currency ; it has to start somewhere , with a few pioneering the ways

then lets beginn this year with some support. lets buy all coins with a price less than 21 sats. at the moment you only need 0.71285765 btc @polo.

i already bought 17-sats coins.

xdnxdnxdnxdnxdnxdnxdnx
2016 will The Year for XDN
xdnxdnxdnxdnxdnxdnxdnx