Likely everyone has you on ignore at this point man. You're really digging deep here. I can get a dev to respond to you but we've wasted enough time dealing with your fud. You're not actually asking the question because you have legitimate concern, your taking things that are actually intentional security features that are written in to the coin and other things that are aspects of pos wrapping it up in to a neatly packaged accusatory fud package and attempting to convince people that were up to something. I will give you an official response when I return home and I am at my workstation to diffuse the effect you may have on people that are not aware of how pos works. We however are growing sick of your blatant and constant attempts to deceive investors, I imagine the investors are growing sick of you as well. I have a question for you. What is your motivation? Why are you trying so hard to fud us and choke our innovation?
Don't be so hard on them, they just asked a simple question. 
Topic: [ANN] [KEY] KeyCoin | Fair Launch | Daily Updates | 8/9 Status Update - page 57. (Read 188824 times)
August 02, 2014, 08:33:22 PM
August 02, 2014, 08:29:51 PM
Is something wrong with the keycoin blockchain and/or client?
Blockchain explorer shows that almost all of the last several hundreds of blocks contain only one transaction (+coinbase).
This transaction has the same input and output addresses (somebody is sending coins back to himself, could this be related to PoS?). There are almost no normal transactions.
Can someone answer this post? Why there are almost no normal transactions in the blockchain? Only Bagpipe has given reasonable explanation (that enormous amounts of coins are owned by very small number of people who obviously have no need to do transactions). But his answer doesn't explain why number of transactions was much higher before (the people in this small group probably owned enormous amounts of coins from the beginning).Blockchain explorer shows that almost all of the last several hundreds of blocks contain only one transaction (+coinbase).
This transaction has the same input and output addresses (somebody is sending coins back to himself, could this be related to PoS?). There are almost no normal transactions.
Either you have your coins in an exchange or in your wallet and try to generate more.
Basically, the release model of this coin is made in a way that is likely to generate exponential rise in the price, but then, the coin count rise is ALSO exponential and one day the coin amount will catch up with it.
That may trigger a bigger sell-off, slashing the price and secondary wallet movements and resultant price fluctuations. Then again the price will settle for a while, while the new coin owners exponentially breed them again.
The exponential breeding is the main "killer feature" of the coin, it makes the price unsustainable, basically worse than FIAT currencies, where 20% money print supply over the previous year would be considered as something like Zimbabwean dollar experiment. Either it will be killed, benefitting the early holders greatly (thus no fair distribution, but hey, that is the point of gettin rich, correct?) or not get killed and making thus the coin another ZimDollar. In crypto terms: DOGE, Microcoin, etc.
So for now the explanation is plain: holders are holding and nobody uses it for payments, everybody is happy with having full wallets and/or trading on exchanges, few early adopters will benefit greatly if the whole marketing and PR thing does not fail. As simple as that.
August 02, 2014, 08:24:59 PM
Likely everyone has you on ignore at this point man. You're really digging deep here. I can get a dev to respond to you but we've wasted enough time dealing with your fud. You're not actually asking the question because you have legitimate concern, your taking things that are actually intentional security features that are written in to the coin and other things that are aspects of pos wrapping it up in to a neatly packaged accusatory fud package and attempting to convince people that were up to something. I will give you an official response when I return home and I am at my workstation to diffuse the effect you may have on people that are not aware of how pos works. We however are growing sick of your blatant and constant attempts to deceive investors, I imagine the investors are growing sick of you as well. I have a question for you. What is your motivation? Why are you trying so hard to fud us and choke our innovation?
August 02, 2014, 08:20:16 PM
Maybe because the price is great, and people want to trade?
August 02, 2014, 08:19:23 PM
Is something wrong with the keycoin blockchain and/or client?
Blockchain explorer shows that almost all of the last several hundreds of blocks contain only one transaction (+coinbase).
This transaction has the same input and output addresses (somebody is sending coins back to himself, could this be related to PoS?). There are almost no normal transactions.
Blockchain explorer shows that almost all of the last several hundreds of blocks contain only one transaction (+coinbase).
This transaction has the same input and output addresses (somebody is sending coins back to himself, could this be related to PoS?). There are almost no normal transactions.
Can someone answer this post? Why there are almost no normal transactions in the blockchain? Only Bagpipe has given reasonable explanation (that enormous amounts of coins are owned by very small number of people who obviously have no need to do transactions). But his answer doesn't explain why number of transactions was much higher before (the people in this small group probably owned enormous amounts of coins from the beginning).
I've already answered your question. If there are no other transactions then nobody is moving coins around. It doesn't mean anything is broken, blocks will continue to be generated regardless of whether people are moving coins or not.
August 02, 2014, 08:12:47 PM
Is something wrong with the keycoin blockchain and/or client?
Blockchain explorer shows that almost all of the last several hundreds of blocks contain only one transaction (+coinbase).
This transaction has the same input and output addresses (somebody is sending coins back to himself, could this be related to PoS?). There are almost no normal transactions.
Blockchain explorer shows that almost all of the last several hundreds of blocks contain only one transaction (+coinbase).
This transaction has the same input and output addresses (somebody is sending coins back to himself, could this be related to PoS?). There are almost no normal transactions.
Can someone answer this post? Why there are almost no normal transactions in the blockchain? Only Bagpipe has given reasonable explanation (that enormous amounts of coins are owned by very small number of people who obviously have no need to do transactions). But his answer doesn't explain why number of transactions was much higher before (the people in this small group probably owned enormous amounts of coins from the beginning).
August 02, 2014, 08:11:46 PM
Yeah, but two transactions are unnecessary. Only one is needed for interests.
I really can't comment on whether or not the extra transaction is necessary, that's just the way it is in every Proof Of Stake coin I've ever seen and is no doubt inherited in any coin using Proof Of Stake.
August 02, 2014, 08:04:05 PM
this transaction actually "generates" new coins (sum of outputs is larger than its input).
That's why it's called interest.
The first 2 transactions are always related to the generation of the Proof Of Stake block. If there are more than 2 transactions then there are actual coins moving about in that block.
Yeah, but two transactions are unnecessary. Only one is needed for interests.
August 02, 2014, 08:00:08 PM
I will address this heap of bs when I get home. we had nothing to do with ultra, I was not hired to do pr.
What did you expect from such a premine, where majority of the coins were mined by special interest groups?
Their business model is simple, it is called a "market corner", you control or buy up the majority of the coins and then you candrive the price high to the sky and sell your coins to the greedy buyers for a hefty profit.
The price then plummets, you buy in and repeat the process.
And koolio, moosa and the rest are no strangers to this, they are in it for the profit to be made, hired a new face (prometheus) to do the positive PR for them, so they can steadily release good looking positive news (irregardless of real progress, that is never relevant, many good projects burned and bad flourished, it is all in the PR) to keep the hopes up to prevent any sell-offs and of course to make people buy and drive the price up.
We all can remember how they screwed it up with the ULTRA, bumface sold them (the small group of early premine buyers) the coins for 50 BTC and they sold it for 500 BTC in all that hype they were making. But bumface to this day believes he can make a coin survive solely on deleting bad posts and keeping the hopes up on empty promises. As soon as it burned, of course koolio and the rest behaved as if they never supported it. But hey, you can't blame them! They forgot about all the other coins they ever supported!
But thank you for informing us where the coins are and how useful the anonymisation really is. ;-)
Is something wrong with the keycoin blockchain and/or client?
...the number of normal transactions is very small. The overall number of transactions is also very small and it is much much smaller than before (check around block 18000 or something).
Under these circumstances the mixer cannot work efficiently because it cannot "hide" transaction(s) that send coins from wallet to mixer.
U DON'T SAY SO?...the number of normal transactions is very small. The overall number of transactions is also very small and it is much much smaller than before (check around block 18000 or something).
Under these circumstances the mixer cannot work efficiently because it cannot "hide" transaction(s) that send coins from wallet to mixer.
What did you expect from such a premine, where majority of the coins were mined by special interest groups?
Their business model is simple, it is called a "market corner", you control or buy up the majority of the coins and then you candrive the price high to the sky and sell your coins to the greedy buyers for a hefty profit.
The price then plummets, you buy in and repeat the process.
And koolio, moosa and the rest are no strangers to this, they are in it for the profit to be made, hired a new face (prometheus) to do the positive PR for them, so they can steadily release good looking positive news (irregardless of real progress, that is never relevant, many good projects burned and bad flourished, it is all in the PR) to keep the hopes up to prevent any sell-offs and of course to make people buy and drive the price up.
We all can remember how they screwed it up with the ULTRA, bumface sold them (the small group of early premine buyers) the coins for 50 BTC and they sold it for 500 BTC in all that hype they were making. But bumface to this day believes he can make a coin survive solely on deleting bad posts and keeping the hopes up on empty promises. As soon as it burned, of course koolio and the rest behaved as if they never supported it. But hey, you can't blame them! They forgot about all the other coins they ever supported!
But thank you for informing us where the coins are and how useful the anonymisation really is. ;-)
Don't even validate it by recognizing it Prom. FUD is FUD is FUD.
Have I got another Teabagging FUD groupie to add to my list?
Its a never ending job this, but hey if they want to trade FUD for TBG (the trading pair exchange rate is 1 to 1), I'm more than happy to persist.
August 02, 2014, 07:52:47 PM
this transaction actually "generates" new coins (sum of outputs is larger than its input).
That's why it's called interest.
The first 2 transactions are always related to the generation of the Proof Of Stake block. If there are more than 2 transactions then there are actual coins moving about in that block.
If there are more than 2 transactions in the block then a portion of the extra coins are actually fees and not "new coins".
The coins being generated by Proof Of Stake is actually very low. I'd estimate about 20-40 new coins a day at most.
August 02, 2014, 07:44:31 PM
I will address this heap of bs when I get home. we had nothing to do with ultra, I was not hired to do pr.
What did you expect from such a premine, where majority of the coins were mined by special interest groups?
Their business model is simple, it is called a "market corner", you control or buy up the majority of the coins and then you candrive the price high to the sky and sell your coins to the greedy buyers for a hefty profit.
The price then plummets, you buy in and repeat the process.
And koolio, moosa and the rest are no strangers to this, they are in it for the profit to be made, hired a new face (prometheus) to do the positive PR for them, so they can steadily release good looking positive news (irregardless of real progress, that is never relevant, many good projects burned and bad flourished, it is all in the PR) to keep the hopes up to prevent any sell-offs and of course to make people buy and drive the price up.
We all can remember how they screwed it up with the ULTRA, bumface sold them (the small group of early premine buyers) the coins for 50 BTC and they sold it for 500 BTC in all that hype they were making. But bumface to this day believes he can make a coin survive solely on deleting bad posts and keeping the hopes up on empty promises. As soon as it burned, of course koolio and the rest behaved as if they never supported it. But hey, you can't blame them! They forgot about all the other coins they ever supported!
But thank you for informing us where the coins are and how useful the anonymisation really is. ;-)
Is something wrong with the keycoin blockchain and/or client?
...the number of normal transactions is very small. The overall number of transactions is also very small and it is much much smaller than before (check around block 18000 or something).
Under these circumstances the mixer cannot work efficiently because it cannot "hide" transaction(s) that send coins from wallet to mixer.
U DON'T SAY SO?...the number of normal transactions is very small. The overall number of transactions is also very small and it is much much smaller than before (check around block 18000 or something).
Under these circumstances the mixer cannot work efficiently because it cannot "hide" transaction(s) that send coins from wallet to mixer.
What did you expect from such a premine, where majority of the coins were mined by special interest groups?
Their business model is simple, it is called a "market corner", you control or buy up the majority of the coins and then you candrive the price high to the sky and sell your coins to the greedy buyers for a hefty profit.
The price then plummets, you buy in and repeat the process.
And koolio, moosa and the rest are no strangers to this, they are in it for the profit to be made, hired a new face (prometheus) to do the positive PR for them, so they can steadily release good looking positive news (irregardless of real progress, that is never relevant, many good projects burned and bad flourished, it is all in the PR) to keep the hopes up to prevent any sell-offs and of course to make people buy and drive the price up.
We all can remember how they screwed it up with the ULTRA, bumface sold them (the small group of early premine buyers) the coins for 50 BTC and they sold it for 500 BTC in all that hype they were making. But bumface to this day believes he can make a coin survive solely on deleting bad posts and keeping the hopes up on empty promises. As soon as it burned, of course koolio and the rest behaved as if they never supported it. But hey, you can't blame them! They forgot about all the other coins they ever supported!
But thank you for informing us where the coins are and how useful the anonymisation really is. ;-)
Don't even validate it by recognizing it Prom. FUD is FUD is FUD.
August 02, 2014, 07:43:49 PM
Blockchain explorer shows that almost all of the last several hundreds of blocks contain only one transaction (+coinbase).
This transaction has the same input and output addresses (somebody is sending coins back to himself, could this be related to PoS?). There are almost no normal transactions.
This transaction has the same input and output addresses (somebody is sending coins back to himself, could this be related to PoS?). There are almost no normal transactions.
That's how Proof of Stake works, it returns your original coin + interest split into 2 new transactions at each cycle. 1 transaction becomes 2, becomes 4, becomes 8. etc. etc. etc.
This is what keeps transactions moving in a Proof Of Stake coin.
Thanks, I was suspecting something like this. However, to me it would make more sense to use coinbase transaction for this purpose because this transaction actually "generates" new coins (sum of outputs is larger than its input). After the PoW phase the coinbase transactions are empty and probably just unnecessarily pollute the blockchain.
August 02, 2014, 07:39:06 PM
I will address this heap of bs when I get home. we had nothing to do with ultra, I was not hired to do pr.
What did you expect from such a premine, where majority of the coins were mined by special interest groups?
Their business model is simple, it is called a "market corner", you control or buy up the majority of the coins and then you candrive the price high to the sky and sell your coins to the greedy buyers for a hefty profit.
The price then plummets, you buy in and repeat the process.
And koolio, moosa and the rest are no strangers to this, they are in it for the profit to be made, hired a new face (prometheus) to do the positive PR for them, so they can steadily release good looking positive news (irregardless of real progress, that is never relevant, many good projects burned and bad flourished, it is all in the PR) to keep the hopes up to prevent any sell-offs and of course to make people buy and drive the price up.
We all can remember how they screwed it up with the ULTRA, bumface sold them (the small group of early premine buyers) the coins for 50 BTC and they sold it for 500 BTC in all that hype they were making. But bumface to this day believes he can make a coin survive solely on deleting bad posts and keeping the hopes up on empty promises. As soon as it burned, of course koolio and the rest behaved as if they never supported it. But hey, you can't blame them! They forgot about all the other coins they ever supported!
But thank you for informing us where the coins are and how useful the anonymisation really is. ;-)
Is something wrong with the keycoin blockchain and/or client?
...the number of normal transactions is very small. The overall number of transactions is also very small and it is much much smaller than before (check around block 18000 or something).
Under these circumstances the mixer cannot work efficiently because it cannot "hide" transaction(s) that send coins from wallet to mixer.
U DON'T SAY SO?...the number of normal transactions is very small. The overall number of transactions is also very small and it is much much smaller than before (check around block 18000 or something).
Under these circumstances the mixer cannot work efficiently because it cannot "hide" transaction(s) that send coins from wallet to mixer.
What did you expect from such a premine, where majority of the coins were mined by special interest groups?
Their business model is simple, it is called a "market corner", you control or buy up the majority of the coins and then you candrive the price high to the sky and sell your coins to the greedy buyers for a hefty profit.
The price then plummets, you buy in and repeat the process.
And koolio, moosa and the rest are no strangers to this, they are in it for the profit to be made, hired a new face (prometheus) to do the positive PR for them, so they can steadily release good looking positive news (irregardless of real progress, that is never relevant, many good projects burned and bad flourished, it is all in the PR) to keep the hopes up to prevent any sell-offs and of course to make people buy and drive the price up.
We all can remember how they screwed it up with the ULTRA, bumface sold them (the small group of early premine buyers) the coins for 50 BTC and they sold it for 500 BTC in all that hype they were making. But bumface to this day believes he can make a coin survive solely on deleting bad posts and keeping the hopes up on empty promises. As soon as it burned, of course koolio and the rest behaved as if they never supported it. But hey, you can't blame them! They forgot about all the other coins they ever supported!
But thank you for informing us where the coins are and how useful the anonymisation really is. ;-)
August 02, 2014, 07:36:39 PM
Blockchain explorer shows that almost all of the last several hundreds of blocks contain only one transaction (+coinbase).
This transaction has the same input and output addresses (somebody is sending coins back to himself, could this be related to PoS?). There are almost no normal transactions.
This transaction has the same input and output addresses (somebody is sending coins back to himself, could this be related to PoS?). There are almost no normal transactions.
That's how Proof of Stake works, it returns your original coin + interest + fees (if applicable) split into 2 new transactions at each cycle. 1 transaction becomes 2, becomes 4, becomes 8. etc. etc. etc.
This is what keeps transactions moving in a Proof Of Stake coin.
August 02, 2014, 07:27:26 PM
Oh well hello, and welcome new FUDer! Make yourself comfortable, you'll probably be around for a while if you're trying to take down this coin.
lol. Exactly. But I'll take some more cheap coins.
August 02, 2014, 07:19:39 PM
Oh well hello, and welcome new FUDer! Make yourself comfortable, you'll probably be around for a while if you're trying to take down this coin.
August 02, 2014, 07:11:23 PM
Is something wrong with the keycoin blockchain and/or client?
...the number of normal transactions is very small. The overall number of transactions is also very small and it is much much smaller than before (check around block 18000 or something).
Under these circumstances the mixer cannot work efficiently because it cannot "hide" transaction(s) that send coins from wallet to mixer.
U DON'T SAY SO?...the number of normal transactions is very small. The overall number of transactions is also very small and it is much much smaller than before (check around block 18000 or something).
Under these circumstances the mixer cannot work efficiently because it cannot "hide" transaction(s) that send coins from wallet to mixer.
What did you expect from such a premine, where majority of the coins were mined by special interest groups?
Their business model is simple, it is called a "market corner", you control or buy up the majority of the coins and then you candrive the price high to the sky and sell your coins to the greedy buyers for a hefty profit.
The price then plummets, you buy in and repeat the process.
And koolio, moosa and the rest are no strangers to this, they are in it for the profit to be made, hired a new face (prometheus) to do the positive PR for them, so they can steadily release good looking positive news (irregardless of real progress, that is never relevant, many good projects burned and bad flourished, it is all in the PR) to keep the hopes up to prevent any sell-offs and of course to make people buy and drive the price up.
We all can remember how
But thank you for informing us where the coins are and how useful the anonymisation really is. ;-)
August 02, 2014, 07:08:19 PM
The overall number of transactions is also very small
That's going to be a problem with all the 'anon' coins ..
The more ( simultaneous ) transactions on the network the
better the mixing procedures will work ..
TiPS had a functional 'mixer' back in FEB but no one uses the coin ..
Triff ..
That's going to be a problem with all the 'anon' coins ..
The more ( simultaneous ) transactions on the network the
better the mixing procedures will work ..
TiPS had a functional 'mixer' back in FEB but no one uses the coin ..
Triff ..
I agree completely. Small number of transactions can be detrimental to the efficiency of mixers in all coins, not just in keycoin.
August 02, 2014, 06:58:46 PM
The overall number of transactions is also very small
That's going to be a problem with all the 'anon' coins ..
The more ( simultaneous ) transactions on the network the
better the mixing procedures will work ..
TiPS had a functional 'mixer' back in FEB but no one uses the coin ..
Triff ..
That's going to be a problem with all the 'anon' coins ..
The more ( simultaneous ) transactions on the network the
better the mixing procedures will work ..
TiPS had a functional 'mixer' back in FEB but no one uses the coin ..
Triff ..
August 02, 2014, 06:54:20 PM
Is something wrong with the keycoin blockchain and/or client?
Blockchain explorer shows that almost all of the last several hundreds of blocks contain only one transaction (+coinbase).
This transaction has the same input and output addresses (somebody is sending coins back to himself, could this be related to PoS?). There are almost no normal transactions.
For example:
http://chainz.cryptoid.info/key/block.dws?842d980886f3f5b8e3970c85a96b6e81b54f5a01fb651e6fff0240d746502ce7.htm
http://chainz.cryptoid.info/key/block.dws?3ff0b5154b19f9d5faf59b02a01867d41cd25f1ddad594be951d05e6124c91c5.htm
http://chainz.cryptoid.info/key/block.dws?782451ad953750ce01a46bf42f14416dc1d0af87b27c11127461127f0f3a8339.htm
http://chainz.cryptoid.info/key/block.dws?5581a40cc9c46a03aef95808f218b3c4b2bf1b98d2597e9e0a9b7663c672619b.htm
http://chainz.cryptoid.info/key/block.dws?e9b3a01ca4ce2f9134ea72420b9bcfee8ed9cd8b07aaadcf10de896e65eb71a0.htm
http://chainz.cryptoid.info/key/block.dws?ba8c95a47718ea01ed2c24ac84aa85aa46c2a9540c6cc2c2846f4ba8ede7c156.htm
(this block contains one "normal" transaction)
http://chainz.cryptoid.info/key/block.dws?0dcfd506ce5e55a86e845a97e113297a3eefcbf0cf6f44045238008008631e6c.htm
http://chainz.cryptoid.info/key/block.dws?090ee69239f067ed53f5e1474f4de7437090c082048d00b2baea8024579aa82a.htm
etc. You can also check older blocks. The overall number of transactions is also very small and it is much much smaller than before (check around block 18000 or something).
Under these circumstances the mixer cannot work efficiently because it cannot "hide" transaction(s) that send coins from wallet to mixer.
It seems that this is not just glitch in blockchain explorer because keycoin client returns the same transactions for each block (getblock API command).
Blockchain explorer shows that almost all of the last several hundreds of blocks contain only one transaction (+coinbase).
This transaction has the same input and output addresses (somebody is sending coins back to himself, could this be related to PoS?). There are almost no normal transactions.
For example:
http://chainz.cryptoid.info/key/block.dws?842d980886f3f5b8e3970c85a96b6e81b54f5a01fb651e6fff0240d746502ce7.htm
http://chainz.cryptoid.info/key/block.dws?3ff0b5154b19f9d5faf59b02a01867d41cd25f1ddad594be951d05e6124c91c5.htm
http://chainz.cryptoid.info/key/block.dws?782451ad953750ce01a46bf42f14416dc1d0af87b27c11127461127f0f3a8339.htm
http://chainz.cryptoid.info/key/block.dws?5581a40cc9c46a03aef95808f218b3c4b2bf1b98d2597e9e0a9b7663c672619b.htm
http://chainz.cryptoid.info/key/block.dws?e9b3a01ca4ce2f9134ea72420b9bcfee8ed9cd8b07aaadcf10de896e65eb71a0.htm
http://chainz.cryptoid.info/key/block.dws?ba8c95a47718ea01ed2c24ac84aa85aa46c2a9540c6cc2c2846f4ba8ede7c156.htm
(this block contains one "normal" transaction)
http://chainz.cryptoid.info/key/block.dws?0dcfd506ce5e55a86e845a97e113297a3eefcbf0cf6f44045238008008631e6c.htm
http://chainz.cryptoid.info/key/block.dws?090ee69239f067ed53f5e1474f4de7437090c082048d00b2baea8024579aa82a.htm
etc. You can also check older blocks. The overall number of transactions is also very small and it is much much smaller than before (check around block 18000 or something).
Under these circumstances the mixer cannot work efficiently because it cannot "hide" transaction(s) that send coins from wallet to mixer.
It seems that this is not just glitch in blockchain explorer because keycoin client returns the same transactions for each block (getblock API command).
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