Topic: [ANN] DigitalNote |XDN| - ICCO Announce - NEWS - page 82. (Read 450263 times)

I just increased my bagholdings of this coin(7 satoshi@poloniex after they confirmed i would be able to withdraw later) to
880742.58470499 XDN, i might buy some at the other exchanges too later. I am doing this just for fun now, if it goes down i will just start investing more seriously.

I might short xmr to get some more gambling money, i for some reason tend to do better with shorts than longs, not sure why.

Is PoA (Proof of Activity)in the 2nd or 3rd announcement?

I do not think a cryptocurrency can remain truly decentralized, look at how centralized bitcoin mining has become. A transaction time of 1.3 seconds is truly impressive and this is much more important than anonymity, this is from a guy that made a total of 0.5btc shorting dash. BTC is practically controlled by a few mining farms but it works, the banking system also works OK (i can do free sepa transfers to the entire Europe, unfortunately there is 1...2 business day delay).

Not even criminals use XMR and other anonymous currencies much, xmr was only added to pump the coin to ridiculous levels allowing shorters and holders to get rich at expense of the fanboys/idiots. N-rG did some research about xmr and discovered that hardly anyone actually used the coin on DNM, he still bought xmr at 0.0058 (amazing knife-catching) and doubled his btc(he previously made a huge profit shorting it).

I do not really like any current cryptocurrency but i find dash, etc/eth, monero, digitalnote and sdc to be interesting, innovative in different ways.

XDN is perfectly scalable like any other Cryptonote, much better than Bitcoin. All limits are adaptive. There was a minor problem with some rare ultra big sized transactions, now we are updated and this issue is solved. 4 min is a good block target time to keep blockchain size comparatively small. Remember, XDN transactions are instant, XDN transaction notifications are instant too, 4 min is a confirmation time and if you will look at the actual blockchains - xdn and xmr block time is pretty the same ~ 3 min. Masternodes = centralisation, nothing to talk about.

If that's true it's really bad news for monero, XDN also have scalability issues from what i yave understood. XDN also have too long transaction time, unless you come up with a solution for this XDN will not go anywhere, Dash allows instant(15 seconds) transactions via the masternodes.

Some other people are claiming the xmr transaction size will not increase much with ringct, i wasn't able to find any good information about this though. I wanted to short XMR but it's a bit risky during a btc bubble.

The XDN price his surprisngly high considering the delisting and btc rally, hm..

Thanks, will update FCN and XDN daemons ASAP.

Talking about size-cost, the actual number of xmr per kb is not that important. xmr fee is expensive, historically more expensive than bitcoin. Again, I am talking about the size that will eventually cause the high fee problem or network will be just flooded.

12kb for ringct, twelve!

the xmr fee was lowered to 0.002XMR/Kb a long time ago, too me it appears that Dnote is a bit desperate over his failing coin. No XDN is not a threat to xmr, dash, SDC and new upcoming solutions is(not sure if zcash is good for anything except shorting though).

Now i am curious about the second and third announcement haha. Keep up the good work team xdn!

Re: ring CT, I'm not sure you can just extrapolate in that manner, since ring CT will allow inputs of different sizes to be used, input amounts don't have to be exactly the same, you can make larger transactions with fewer inputs:
http://monero.stackexchange.com/questions/211/how-much-larger-are-monero-transactions-compared-to-the-average-bitcoin-transact/212

Also, Monero is moving to dynamic fees on next hardfork, so the 0.01 XMR/KB isn't really all that relevant.

Anyway, looking forward what you will be announcing soon™

We will have 3 announcements these days. While the first one is pretty minor, the second one will be huge and the third one ... you will see.

1 2 3

Now we are starting with the first one. Very very minor compared to the second and third one.


1
You can find an updated XDN and FCN source code on github, this is a hardfork for XDN and major update for FCN.
https://github.com/xdn-project/digitalnote/commit/6f53611c3e635e31f33ec0b7ab8dc90263edc214
https://github.com/xdn-project/fantomcoin/commit/4dff0f5efe7e911b6aed494ee56410b3b3a142e5

First, we are updating our Proof of work mining to be compatible with all XMR versions. You will be able to keep XDN+XMR and FCN+XMR merged mining even after the Monero ringct.


A Brief statement about ringct: In short - it will ruin xmr, without a doubt, it is a big deadly mistake and you will recognize it on a long run or maybe even faster this year. It is not only odds with the ideas of CryptoNote, but odds with the ideas of cryptocurrencies. One of the cornerstones of everything here is a cheap worldwide transaction. . XMR transactions are not cheap now and will be dirty expensive after the ringct. xmr fee is 0.01 per kb. ringct will add at least +12kb to every ringct transaction. Not talking about mixin, actual tx size, etc. At least 12kb for every ringct transaction will make xmr way tooo expensive and will make xmr blockchain looks like a scrapyard after a short period of time. If you will look at current xmr transactions you will find the average size of ~ 1kb. ring ct will make it at least 12 times higher. This is insane and shows the total misunderstanding of the basic cryptocurrencies principles. FYI Bitcoin tx is like 0.4kb, xdn tx is like 1kb and xmr ringct will be >12kb. I (personally) should warn you about the danger situation with xmr, with their ongoing pump, etc. Make your research, make your decidions.

XDN and FCN will not use ringct but will be fully compatible with XMR mining after this update.
Please, update your XDN and FCN before the 6-7th Jan.

Repeating our position regarding Poloniex: We are glad that Poloniex will delist XDN, we are unhappy that XDN users may suffer from the Poloniex scam actions. We are warning you:
NEVER USE POLONIEX FOR ANY XDN-PROJECT TRADES. MOVE YOUR COINS FROM THERE ASAP.

You can use the other exchanges for XDN and FCN: https://hitbtc.com/exchange/XDN-to-BTC
                                                                              https://hitbtc.com/exchange/FCN-to-BTC
                                                                              https://bittrex.com/Market/Index?MarketName=BTC-XDN



Another thing in a new update is a default block size. We are increasing it to 200kb to avoid ANY unconfirmed transactions. It was not the reason of delisting because XDN unconfirmed transactions were a pretty rare thing and it can be solved with just one command by Poloniex: reset. Polo can tell whatever they want, we have no doubt - delisting is a scam alike action caused by fear, repeat, there were NO technical or any other reasons to delist XDN. You can read more about Poloniex delisting scam here:
https://bitcointalksearch.org/topic/m.17237093   

We are glad, soon we will be out of untrusted Polo and will start a new chapter ...

Wait for 2 and 3

To be continued ...

Maybe it's a good thing i forgot to send money to bitstamp yesterday, the price is fair on poloniex now but then i might never see the coins i buy. I was thinking "poloniex will most likely sort this out for me" but now i am no longer sure, it isn't possible to buy any big amount on other exchanges without paying a much higher price (50...70% more).

I opened a support ticket asking about my 50K XDN i am bagholding(if i will be able to withdraw) and they did not answer, would not surprise me if people buying now thinking it is a good deal will end up losing everything.

Which is the exact time where the delistings occur?

As a basic principle not only for poloniex. If depositing or withdrawing a large amount of coins, send a fraction first. Especially after a long time span.

The administration of such heterogenious wallet versions must be a technical challenge. I rather often have problems on withdraws and deposits, on other exchanges too, be careful.

No problem, i'll take a beer 
But we do not have to wonder at such things, that there are
people who are skeptical about the use of cryptocurrencys, and prefer to stay away. 

You're correct, my mistake.

Sorry, i think you confuse me with the poor gjsteele71.
I find it only bad how something is carried out at the expense of the customers.
I was never at polo.

Like I said, I've had to open support tickets on numerous occasions for similar issues, and they've never been anything but quick, courteous, and professional for me. Did you get a confirmation email? Did you follow up after a day or two using confirmation email if they really just ignored you? I find it hard to believe they just completely ignored you, based on my experience trading there for over two years now, but hey, maybe newbie account isn't lying, which is why I proffered my maybe they're pissed at dNote theory.

Hi!
Sorry, but this is due polo,
if they not reset their wallet or update to the current version,
which fix that problem with big transactions!
Then this is is not the fault of the coin.
I think you can only hope that polo cares sometimes.  
[/quote]

Correct, this is of no fault with the coin. Remember Mt. Gox?
Satoshi had no responsibility to the lost coins.
I had a balance at Poloniex but sadly had to sell and push the price down because I do not trust them anymore.
Withdrew my bitcoin at a loss.
[/quote]
Hi!
There are no payouts possible in xdn?
This sounds even more like fraud.

Hi!
Great, and so they treat their paying clientel???
But thats not all right, and says a lot about them!
How can anyone recommend a exchange which acts against their customers?
So its not bad at all if a coin is not longer traded there, quite the opposite!
The only bad thing is what happens to their customers.

Two weeks after losing 1.2 million XDN sent from Polo to my wallet, and still I am no closer to getting it resolved.  It is gone.  I gave Poloniex the information you provided here, but they won't even answer my inquiry.  I guess I am going to write it off.

Even if it is an issue where the coins were returned to Polo and they are just unwilling to reset their wallet to find them, I would still avoid investing in XDN (and avoid using Polo) in the future.  I saw the enthusiasm surrounding this coin, and the development happening, and thought it was severely undervalued when I bought.  Now... what do I do? Tell people to buy? There are multiple people with transactions failing in the last couple weeks, and I have not seen anyone here able to help.  

I can't imagine anyone coming here to this thread, seeing what has happened to me and others, and be willing to take the chance at an investment which may disappear for no reason.  I didn't swear, I didn't call you names, I didn't threaten... I just asked (repeatedly) for someone associated with XDN to take care of the situation.  It would have been worth it two weeks ago for someone just to say we will send you the missing XDN, just to avoid having me come back here day after day asking for help, and have other potential buyers see my loss and the responses I received.
[/quote]
Hi!
Sorry, but this is due polo,
if they not reset their wallet or update to the current version,
which fix that problem with big transactions!
Then this is is not the fault of the coin.
I think you can only hope that polo cares sometimes.  
[/quote]

Correct, this is of no fault with the coin. Remember Mt. Gox?
Satoshi had no responsibility to the lost coins.
I had a balance at Poloniex but sadly had to sell and push the price down because I do not trust them anymore.
Withdrew my bitcoin at a loss.