Topic: ★[ANN] [NAV] NAV COIN - Community Fund Live!!! - page 595. (Read 2085654 times)

Some big sells coming in below 3k sat now! Not sure if these walls will hold the panic dump

Did you mention me?

Yes I have very small amount, but I believe that NAV will help me to recover.

Yesterday I bought a little bit more NAVs

No doubts, this coin is one of the brightest stars on crypto scene for next months!!!

I think so! I have learnt more today - then I have known in the past 9 months  
Everything is in Good Order....

hashforce101 needs to learn patients again 

Bye I have done all I can do - which im happy with! 

We need to wait until drk pump over

Thanks for the extremely strong BUY WALL - WOW  

https://twitter.com/HaShForce101/status/580601370467778561

Current PR Articles

https://www.youtube.com/watch?v=YXSHdWvnyNc

http://www.guugll.eu/navajocoin-the-unbreakable-code/

http://247cryptonews.com/navajo-cryptocurrency-decentralized-anonymity-through-double-encryption/

http://www.btcfeed.net/coins/navajocoin-state-art-anonymous-network-now-beta-testing/

http://btcfeed.net/coins/navajocoin-introducing-anon-transfers-using-subchains/

http://btcfeed.net/news/navajocoin-asynchronous-encryption-technology-released-today/

https://cryptocointalk.com/topic/32939-btcfeed-navajocoin-asynchronous-encryption-technology-to-be-released-today/

http://www.bitdaily.com/news/navajocoin-asynchronous-encryption-technology-be-released-today-btcfeednet

http://www.altcoincalendar.info/r/article/6xx

https://cryptoinfinity.com/Thread-World-News-BTCFEED-%E2%86%92-Navajocoin-Asynchronous-Encryption-Technology-To-Be-Released-Today

http://www.coinssource.com/crypto-coins/navajocoin/

http://bitnewz.net/News/Article/Navajocoin--Asynchronous-encryption-technology-to-be-released-today

http://news.guugll.com/navajocoin-the-unbreakable-code

The cryptsy NAV wallet is still under maintenance? that's really bad. 

Look

http://www.dailycoinnews.com/2014/11/01/bots-and-conspiracy-do-they-really-exist/


If you were trading on Bittrex lately then you should already know about the sudden declines of the price that occur periodically. Many speculations have been made about a conspiracy that runs bots on online exchanges and spread fud in the bitcointalk forums to accumulate more coins by driving the price down. Others say this is completely natural. Lucky for all of us some people watch closely the charts so they can give a proper explanation to the whole story. James who is also known as jl777 in the Bitcoin community is trying to figure it out and in the meantime updates the BitcoinDark community with observations that he comes across. The next part of this article is some of the observations that James shared with the rest of the BitcoinDark community.

 

    “There is a bot that is ACTIVELY manipulating the price.
    quite effectively too.
    If you look at the price on bitcoinwisdom, you will see that there is a pretty even spread of asks all bunched together, within 10 satoshis!
    About 5 BTC. This makes a barrier and also crowds out the orderbook so you cant see what is really going on. It is also chaging things several times per second to create the impression of a lot of activity. What it does is pushes the price down by clearing out small bids and making lower and lower asks.
    Earlier there was about 10 BTC in 30+ orders around .0049 and 3 BTC between that and .008
    So, there is no investor panic going on. It is just one guy running a bot. And he is doing this on many different coins.
    His game is this.
    Have the bot on bittrex and cryptsy, but run just one of them at a time. Create some FUD push the price down on one (easier to create fear, especially in a bear market) then as people get convinced everybody is selling, they start selling. Remember this is just happening on one market. So soon the sell price on one exchange is lower than the buy price on the other exchange where the bot is idle. Guaranteed profits! Then the bots switch.
    so first one exchange price is pushed down. arbitraged, then the other. Doing this it creates these mysterious price declines as we are making such good progress. All the way down to .005! But there was really very little for sale below .008 as this operation is being done on dozens of coins, so only so much budget per coin.
    Now this bot is not caring about price at all. Whatever the price is, it just picks the exchange with the lower price, pushes is down until it can arbitrage. The arbitraging evens the price out and then the pushing starts again. Now this bot stays away from even a 1 BTC wall from what I have seen and certainly anything larger it stays about 10% away from. However if there is no big wall, it happily startings pushing the price down, even filling some orders if they are small enough.
    These bots are probably on autopilot, so that means a clever person will be able to trick the bot.
    tl:dr now that whale dumper is gone, recent price decline is caused by one guy’s bots and a few BTC wall will keep it at bay. Maybe we can come up with a way to beat it and win 1 BTC per day from it. then it will certainly go away

     

    James”

Here's the short version:



The main points being steps 6 - 8 in regards to using the block chain of the sub chain to transmit the destination information and amount from entry to exit nodes.

^^^^^^^^^

what is this homework?? I didnt come to the forum to read!!

And, as I said in my post on the project roadmap and i would like to reiterate it here again; We can't currently distribute the node scripts until we can integrity check every node that a user sets up (for obvious security reasons). However, the current system is running as per the whitepaper and it uses the decentralised navajo subchain to pass value from the incoming nodes to outgoing nodes and instruct the outgoing node who to send the coins to and how many to send.

The Navajo Anonymous Network does NOT rely on a centralised database to store transaction values and addresses.

It is NOT simply a coin mixer with master nodes.

So even if the system were to get wiped out, we could set it back up by simply restoring the subchain wallet and the script, then the wallet would re-sync and start processing any pending transactions again since the data is decentralised on the block chain and not stored in a database.

I hope everyone has taken the time to read the whitepaper, even if it is reasonably technical and boring.

We seriously just flew past a few planets  
Next stop is Pluto

Awesome!  Thank you!
 

Nice one Pakage! 

Yep, we've had a few discussions on how to do this already. Probably the best idea so far is to port the processing scripts to a language which can be compiled. Something like Node.JS or Java would do nicely. Then before a wallet sends a transaction to a particular node, it would run a checksum against the compiled file and compare the result against a masternode's checksum. Then if they both match, it means that the files have been unaltered and it is safe to send the transaction to that node for processing.

Until we can guarantee a method which is unbreakable and unalterable, we can't distribute the processing code. It is high on our agenda though.

For now, we have a setup multiple nodes across multiple web hosts of which one is chosen at random. So it is somewhat decentralised already, even if not publicly.

Anonymous Network Decentralisation

One of the next major steps for Navajocoin is to decentralise the anonymous nodes so that anyone running a webserver can install it and process Anonymous transactions. Make no mistake, the current system runs off the Navajo Subchain which is built using decentralised blockchain technology. However there are obvious concerns in publishing the node technology due to the risk of someone altering the code maliciously. We are currently investigating options on how to approach this so we can truly decentralise the node system.

Thank you Pakage for making this crystal clear.

https://twitter.com/HaShForce101/status/580546939927793664

there were people trying to buy NAV there. it had at least 6 btcs buy walls.. but i guess no NAV supporters so they probably moved to an other coin.

Yeah i love that exchange. been trying to bump it here few times already : )

This has been updated.

Thanks

maybe we can start trading some NAV at https://alcurex.org/index.php/crypto/index

Wow didnt expected such a quick movement from the community all the love & spread. Thanks for the Navajo coins. We appreciate it very much and hope it will burst in price. Tomorrow morning at first hour we will try to push the article everywhere we can. I do think it has a good potential and it can be much more better then Dark/DASH stuff.

Good luck guys and you have all our support.