Pages:
Author

Topic: [ANN] ★★ EBT Coin - Entropybit 100% PoS - Multipool - Bugfix version 4.0.3! ★★ - page 20. (Read 131676 times)

hero member
Activity: 532
Merit: 500
Coin seems alive to me Smiley

EBT is alive. Adoption of the security update is nearing 60%.

At about 75% adoption we'll make some announcements relating to the direction of EBT. As a preview, we can disclose that EBT holders will be among the first to experience some new in-wallet uses of cryptocurrencies.

EBT is under constant development and monitoring. We have been keeping close track of the performance of the block chain and of any threats. Currently, like most other coins, there may be some periodic attacks on the EBT network, but they have not significantly effected the block chain. The only evidence of attacks that we have at this point is some unusual variance of block times, although this variation may be from normal network activity. Currently, the mean block interval is 80 seconds, which is almost triple the target interval of 30 seconds, giving the team a small amount of concern.

The block interval has been high since the PoS switch, which was expected because of a minting rush from very mature coins followed by a vacuum of stake once these coins minted. The mean block interval has stabilized greatly in the last week or so, although it is not yet ideal. If the mean block interval does not stabilize to close to the target of 30 seconds soon (within 2 weeks), we will add additional block consistency checking and more tests for misbehaving peers, to reduce the opportunity for denial-of-service attacks.

Very glad to hear EBT is still going strong, which to me signals that when the cryptocurrency market finally picks up again, it'll be the coins with devs who stick with their cryptos that will come out on top.

I've been out of the cryptocurrency scene for a couple of months now, just due to a general lack of apathy with the amount of coins that are on the market now. Whatever coin is popular now will likely be dead in a month, so I've just given up hope on new coins. I should get myself a stash of a couple of X11 currencies, but other than that I've lost interest in mining.
EBT
sr. member
Activity: 252
Merit: 250
Coin seems alive to me Smiley

EBT is alive. Adoption of the security update is nearing 60%.

At about 75% adoption we'll make some announcements relating to the direction of EBT. As a preview, we can disclose that EBT holders will be among the first to experience some new in-wallet uses of cryptocurrencies.

EBT is under constant development and monitoring. We have been keeping close track of the performance of the block chain and of any threats. Currently, like most other coins, there may be some periodic attacks on the EBT network, but they have not significantly effected the block chain. The only evidence of attacks that we have at this point is some unusual variance of block times, although this variation may be from normal network activity. Currently, the mean block interval is 80 seconds, which is almost triple the target interval of 30 seconds, giving the team a small amount of concern.

The block interval has been high since the PoS switch, which was expected because of a minting rush from very mature coins followed by a vacuum of stake once these coins minted. The mean block interval has stabilized greatly in the last week or so, although it is not yet ideal. If the mean block interval does not stabilize to close to the target of 30 seconds soon (within 2 weeks), we will add additional block consistency checking and more tests for misbehaving peers, to reduce the opportunity for denial-of-service attacks.
legendary
Activity: 1876
Merit: 1014
hero member
Activity: 560
Merit: 500
newbie
Activity: 17
Merit: 0
hero member
Activity: 532
Merit: 500
Well, I've made over 20k in interest on my EBT after not opening my wallet for a couple of months.

Proof of Stake is definitely an advantageous way of mining if you're in it for the long haul, and have generally lost interest in mining in general.
hero member
Activity: 742
Merit: 500
This's what PoS does to your coin.

Listen to the people, and you get dumped.

What do you mean? At least its not in danger of being forked every third day. How many PoW coins have been forked recently? It just happened to dark. The PoW always takes them down.

Either way, a coin is meant to be a vehicle for transactions, not a tool for pumpers and dumpers.
hero member
Activity: 686
Merit: 500
This's what PoS does to your coin.

Listen to the people, and you get dumped.
sr. member
Activity: 350
Merit: 250
Switch over made!  Update your damn wallets everyone! lol

Adoption of the security update is nearing 50%.

By the way, the network has been under nearly constant attack by someone submitting many bad blocks. PoS has worked well to keep the network stable, and the attacks have subsided in the last few days.

It will be best to get the security patch adopted before moving forward with any releases, however.

We are working on some breakthrough technology that we hope to add to the EBT wallet soon. Although mobile wallets help adoption, we believe that usage is the primary driver of adoption. We are therefore working on in-wallet uses for crypto currencies, with EBT slated as a testing ground. We have essentially stopped development of convenience features and are focusing exclusively on these usage features.

Unfortunately development takes time, especially because coding talent is spread very thinly throughout the altcoin universe. We have a small team working very hard, but the new usage features are difficult to implement, especially as we refine the design to ensure extensibility and adaptability. We therefore ask the community to have patience and to not vent too much frustration on the forum.

Finally, we apologize for the vague promises, which seems to be all too commonplace in the marketplace. Technology is fast moving and ideas are golden, so we can't let too much out of the bag right now. But we assure you that we are listening to your concerns and working hard to improve EBT!

At least you guys are still active.  Can't tell you how many devs disappear after the first pump (*cough* FRQ *cough*).

I have a garage full of junk I'm putting on craigslist and asking for BTC/LTC/BTQ and EBT.  I don't really care about selling it, just want people to call and ask what it is I'm accepting for the stuff.  Of the stuff I've sold, one item I actually got BTC for, the rest was just conversation and cash.  Still, it's one way to spread the word and let non-crypto people know there is buying power with alt-coins.

Just put on craigslist a set of ingersol-rand black 1/2" metric impact sockets for for 95,000 EBT or 0.018 BTC if anyone is in Sunrise, FL and interested.

http://miami.craigslist.org/brw/tls/4493255672.html
full member
Activity: 308
Merit: 100
Just updated my wallet. Haven't had it open for a few months.
I wonder what happens when you have 1.5 million EBT, and don't update your wallet for so long.  Cheesy
Nothing will happen, dude.
Yes, I began to realise that. So the coin no longer mints?
It's minting now. But it happens, when you open your wallet, it's need to be synched with network. Now you have "aged-enough" coins. And you need proper blockchain, it takes time to download all blocks over few months.

And it have low %. I've got about 60k PoS mined coins.
hero member
Activity: 532
Merit: 500
Just updated my wallet. Haven't had it open for a few months.

I wonder what happens when you have 1.5 million EBT, and don't update your wallet for so long.  Cheesy
Nothing will happen, dude.

Yes, I began to realise that. So the coin no longer mints?
full member
Activity: 308
Merit: 100
Just updated my wallet. Haven't had it open for a few months.

I wonder what happens when you have 1.5 million EBT, and don't update your wallet for so long.  Cheesy
Nothing will happen, dude.
hero member
Activity: 532
Merit: 500
Just updated my wallet. Haven't had it open for a few months.

I wonder what happens when you have 1.5 million EBT, and don't update your wallet for so long.  Cheesy
EBT
sr. member
Activity: 252
Merit: 250
Switch over made!  Update your damn wallets everyone! lol

Adoption of the security update is nearing 50%.

By the way, the network has been under nearly constant attack by someone submitting many bad blocks. PoS has worked well to keep the network stable, and the attacks have subsided in the last few days.

It will be best to get the security patch adopted before moving forward with any releases, however.

We are working on some breakthrough technology that we hope to add to the EBT wallet soon. Although mobile wallets help adoption, we believe that usage is the primary driver of adoption. We are therefore working on in-wallet uses for crypto currencies, with EBT slated as a testing ground. We have essentially stopped development of convenience features and are focusing exclusively on these usage features.

Unfortunately development takes time, especially because coding talent is spread very thinly throughout the altcoin universe. We have a small team working very hard, but the new usage features are difficult to implement, especially as we refine the design to ensure extensibility and adaptability. We therefore ask the community to have patience and to not vent too much frustration on the forum.

Finally, we apologize for the vague promises, which seems to be all too commonplace in the marketplace. Technology is fast moving and ideas are golden, so we can't let too much out of the bag right now. But we assure you that we are listening to your concerns and working hard to improve EBT!
newbie
Activity: 43
Merit: 0
I think, somehow we need to get into a major exchange like Mintpal or Cryptsy. Poloniex is not cutting it. Only 17 million coins out of total 150 million is on sale there and buy support is very poor at 0.36954764 BTC total.... I think traders are held back due to the lack of a good exchange, So getting into a good exchange must be our first goal now...

There's also europex.eu

7,014.700 EBT = $1 USD

Buy support is even worse there than on Poloniex.

I'm not sure  exchanges are our main concern at this point, though. (responding to mashac, not DannyTom) Cryptsy and Mintpal aren't going to want to add a coin that no one cares about doing anything with, so it's going to take those of us interested in moving this coin forward putting in some work to give it value. A good coin requires more than just being put on some exchanges, it needs purchasing power and convenience (mobile wallets, etc). That's been suggested a few times I think in this thread, and I believe that's what's going to help the most right now.

sr. member
Activity: 350
Merit: 250
I think, somehow we need to get into a major exchange like Mintpal or Cryptsy. Poloniex is not cutting it. Only 17 million coins out of total 150 million is on sale there and buy support is very poor at 0.36954764 BTC total.... I think traders are held back due to the lack of a good exchange, So getting into a good exchange must be our first goal now...

There's also europex.eu

7,014.700 EBT = $1 USD
hero member
Activity: 810
Merit: 500
https://ironx.io IRONX
Switch over made!  Update your damn wallets everyone! lol
member
Activity: 60
Merit: 10
Follow @AllAltNews on Twitter and Facebook!
6 months out and still no Facebook page?
hero member
Activity: 560
Merit: 500
I think, somehow we need to get into a major exchange like Mintpal or Cryptsy. Poloniex is not cutting it. Only 17 million coins out of total 150 million is on sale there and buy support is very poor at 0.36954764 BTC total.... I think traders are held back due to the lack of a good exchange, So getting into a good exchange must be our first goal now...
Pages:
Jump to: