Topic: ★[ANN] [NAV] NAV COIN - Community Fund Live!!! - page 1183. (Read 2085654 times)

Damn this is so bad, all wrong, this topic will be so boring without fuders... damn u devs

Wise choice DEV Team! Let's take it back on track, Please let cryptsy know that client is now updated.

     The client has been updated. During the update, we have generated 2.6 million coins to compensate for 937k NAVs lost by bittrex and 1643685 NAVs lost by Bter due to double spend attacks that we believe were done by the same person as they were performed during the same time. We will send each exchange their lost coins and get withdrawals and deposits running. We have reduced first year POS to 15% to compensate for this inflationary increase; sort of taxing the new stakers.

     We have identified a major security loophol in our first POS settings. The unlimited MAX age allowed for a limit towards infinity of coin age accumulation and thus increased ability to perform an attack with a much les significant amount of coin. We have changed that to 1 day. We have also changed MIN pos age to 2 hours. We also need you to take coins out of exchanges and start helping the network by staking. Those who do not stake are now penalised by the inflationary model of POS where as to before unlimited stake age meant that you would not have lost anything as long as you one day staked. Now if you do not stake for a day, you lose the respective percent of value per year.


Steps to reincorporate into the Navajo network:


1. Download the new windows wallet linked below or use the updated github to compile if using linux

     

2. Delete everything from the APPDATA folder (for windows:  C:\Users\Administrator\AppData\Roaming\SummerCoinV2)  except for wallet.dat
3. Create a text file and call it summercoinv2.conf . Open it and paste the following:


4. Steps beyond this are optional but you can perform them to speed up synchronisation. If you do not want, you can simply start the new client.

5. Download the blockchain and paste it in the roaming folder.

6. Start the client and let it sync

hehe indeed, all the same amounts... well at least he has some btc now to pump it up more when he wants to buy in again

LOL looks like whoever put this fake sell walls in level 1030-1099 will regret it in the morning, because they've been just eaten up 

ah great, and with major security fixes

Im very eager to hear what they have improved and changed...hope for an update soon!!

edit: buy walls are getting bigger around 1000sat, looks like its a matter of time before it goes up...

edit 2: 1100 almost, now im going to bed. want to see at least 1500 when i wake up

Excellent, I would assume they are really busy doing multiple things try to get things done as quickly as they can. bravo

Looks like the fix is ready!

https://i.imgur.com/w54xTzK.png
You can check it in GitHub: https://github.com/sherlockcoin/navajocoin

But dev, why didn't you update the thread? Wanted to buy some cheap coins to yourself before the 5k sat price?  

for real? obvious for once i say something slightly negative and my post is insta-killed lol

but still...a small delay message would have been nice!

hehe possible, he hadnt slept for a couple of days

Awesome News

New client is fully operational - Great work Navajo


We just need Poloniex and Bittrex to remove the NAV withdrawels restrictions and to the Moon!

Well done Dev ! you hard work and commitment has paid off

cheets Mate

MB he sleep on his keyboard

Its no problem when things take longer then expected but communication is highly important. At least say something like "sorry guys it takes a bit more time then expected, it will be ready soon"....

I know everyone is working hard, but again and again devs fail in communication and that sure isnt good for the confidence I have in them.

But ok, i dont want to spread more fud here, just let them work, it will probably be finished soon.

5 day old account well done wont lower myself to click your link.

Everybody in this thread

http://www.youtube.com/watch?v=YersIyzsOpc&t=15

Honestly guys give the Dev a break for fuck sake and stop with this shit stirring. Rome wasn't built in a day.

Strugg, can you say us if there is some indication, message, tweet, smoke signal, from the DEV?
He still needs hashpower?

Guys DEV 6 hours and break his word This is an elaborate hoax

haha +1000

Take a nap