Topic: [ANN] Titcoin [TIT] - The cryptocurrency for porn! - page 10. (Read 28003 times)

Hello Gandalf,

I'm following this crypto for a long time, and I'm wondering about when it really splits from the original team.
Since they left this crypto and offered the swap, Is this not the right time to left this coin to the community who wants to go with it ?
Of course some of us will not swap for another one, so what they think about this ? What they want to happen with us ? Just gone into dust ?
Some time ago I was interested in the development of another coin, but I left this alone.
Right now I'm looking at you initiative seriously, may some development resources help the next step of this coin ?
How can I help you ?

Hey, thanks for your question! I am happy to explain the pros/cons of Proof of Stake vs. Proof of Work to you. The difference is that POW has a well researched and validated incentive model, while Proof of Stake has not. With POW, the party/group who is putting in the largest amount of money/mining power over time is directing the consensus during that time. With POS, the party/group who has the largest amount of coins once is directing the consensus at any time.

So for example, with POS, an attacker could accumulate a massive amount of coins while the coin is cheap, and carry out a double spend attack years later when the coin is worth much more. That is not possible with POW, because the difficulty will increase over time if the value rises. Therefore, having POS on a low-value coin is much more risky than POW. With POW, you can just increase the required confirmations (like Novaexchange did for Titcoin for example), and even if there is a 51% attack the damage is not so large. With POS, once someone has a too large balance the chain is effectively worthless.

Another problem with usual POS implementations is that the person who has the largest balance will increase their share on the network through exponential growth until they own >50% of the coins. A specific problem with merging with TTC is that the TTC devs must have a very large amount  of TTC already (since they are offering a swap from a different coin etc.), so they have way too much power on the network and will profit the most from POS. A cryptocurrency should be as democratic as possible and not be controlled by the people who happen to have the largest amount of coins through shady swap practices.  

So Proof of Stake sounds nice at first but it has a lot of problems if you look closer, especially if you want the consensus to still be trustworthy when the value rises a lot.

Hi Gandalf,

I got an email from Cryptopia about 51% attacks. I'll link their explanation below, which was quite enlightening for me.
I'm happy I moved my coins off Cryptopia some months ago, but it made me think about coins with a small marketcap, which TIT and TTC still are. The attackers can simply rent an ASIC computer system and then they control these small coins. As I understand it, this is possible with coins that use the original Bitcoin style Proof of Work. It's not possible with Proof of Stake coins. (Please correct me if I'm wrong.)
I think it's safer for small coins to not use Proof of Work, to avoid 51% attacks. If a 51% attack happens today, it can happen again anytime. Right?
I'm happy that TTC moved to Proof of Stake and thereby avoided the current attacks. Shouldn't your TIT do the same? Maybe the merger isn't that bad after all..?
Don't you agree?

Here's the link to Cryptopia's explanation, where they explicitly state "This is no problem for popular coins like Bitcoin, but for smaller coins, 51% of hashrate of some types of coins can easily be rented.":
https://support.cryptopia.co.nz/csm?id=kb_article&sys_id=91fc54cddbfc2b0052d2ef728a961948

I'm interested in your thoughts.
Best regards,

Learnalot.

Unfortunately Novaexchange stopped the market again after the Tittiecoin developers told them that theirs is not the "correct" Titcoin, but a fork ...   (which is obviously a lie in case you are wondering)

I'm working with them to reactivate the market again. Right now you can trade Titcoin on Yobit, and Nova was on the same chain as everybody else (I tried depositing and withdrawing coins, everything worked).

Please join our Discord if you want to get involved, it would be great to have more active community members! Also if you have an idea that you would like to see implemented I'm sure we can get it done if the idea is good. 

Hello everyone, I am very excited to announce that Titcoin has been listed on Nova Exchange on the BTC and DOGE markets!

• https://novaexchange.com/market/BTC_TIT/
• https://novaexchange.com/market/DOGE_TIT//

Novaexchange was bought by Goobit Exchange AB, the largest Swedish Bitcoin exchange provider, in late 2017 / early 2018 and has been offline for almost an entire year. Nova is Goobit's step into the altcoin market and they are planning to make Nova one of the leading altcoin exchanges, and put a lot of effort into overhauling the site and preparing their relaunch. The new Nova was launched on Dec. 3, 2018. They are a trusted exchange platform including KYC requirements and will provide a great basis for the Titcoin project to grow.

The TIT deposits on Novaexchange currently have an extended confirmation period of 400 (!) confirmations, or about 6.5 hours. This is due to the low mining power that we currently have and the doublespend attack that was carried out against Cryptopia some months ago. We will be able to reduce the required confirmations when our miner network grows.

I would like to thank Nova for supporting the original Titcoin chain and giving us an opportunity to get listed on their new site!

Absolutely. The TittieCoin devs are currently messing around with exchanges and their Coinmarketcap listing, but all of this doesn't affect Titcoin much. We will have our own reliable exchange soon, which should hopefully also make things more clear for the poor exchanges confused by the communication strategies of the TTC devs. 

Your old Titcoin wallet should still work fine.

It is nice to see some work being done on titcoin. I noticed the new tittiecoin and that they are not doing any mining. I finally found this thread and see there has been a bit of a conflict between the two coins. I am guessing this is due to the most recent previous titcoin promoter selling their assets to someone who renamed the coin tittiecoin without realizing a blockchain and its associated nodes and miners are not something that can be sold. Oh well.

I will try to keep an eye on this thread and might even fire up my old titcoin wallet to see what happens.

Hello everyone, I am happy to announce that Titcoin has been added on two very nice block explorer sites:

• https://www.blockexperts.com/tit
• https://cryptobe.com/chain/TitCoin

Now we will focus on getting on one or two trusted exchanges so you have a good platform to trade Titcoin on.  

Also, please follow us on Twitter via @DailyTitCoin, the owner of that account got in contact with us on Discord and decided to join our mission.

Hello everyone, we're currently seeing the following post by the TittieCoin devs in the old Titcoin ANN thread (which is still locked):


This statement doesn't make a lot of sense, I guess they mean that people can swap their coins manually if they want to (but it's not a hard fork).

So all in all this is positive for Titcoin, we can just hope that the exchanges won't change the ticker of TittieCoin to TIT which would cause confusion, or swap their users funds without their permission. New block explorers and a new Titcoin exchange are on their way, stay tuned!  

Again, great work.

@prurient, @tittiecoin:

 

Shirley you have a lot of coin; are you the one selling for cheap right now?

I'll keep insisting Cryptopia to do not fall in the prurient scam.
What a scammer scumbag

Keep the good work Gandalf86!!

I think I'm pretty open about what I am about, and my point is clear. On the other hand your point is completely unclear because as has been said a few times you can not "join" two cryptocurrencies, you can only cooperate or make a third one. I would still be open for cooperation if you hadn't blocked me on all channels except this one.

The internet is not Germany, people need to see what we have been dealing with, this is not hating, this a making sure everyone can see what you are doing and what you are about. How you pull Trump behaviour and say you did not do what you do.

Funny that you are posting private messages now (which is something considered a no-go in traditional Internet culture btw.) since the quoted post shows how you still haven't released something announced for the "next week" even a month after.    In the mean time I have already released two stable releases of my new Titcoin wallet.

I hope your work here is done because you are spreading nothing but hate and grudge. My work is not done, I will continue developing the Titcoin wallet to provide the Titcoin users with the best possible experience. 

LOL I don't know why I find this comical. He stated he made a wallet, you throw in PM's. None of this matters when in time you will go your way as you have all the original accounts, this will go it's own way as there will eventually be a fork one way or the other as one chain will not honor the blocks from the other. as it is now both this wallet and the original titcoin wallet both validate the others transactions. once your wallet is out that merges the 2 chains this will not matter any longer as they will be 2 separate chains.

Also the OP is quite clear in what this is.

You seem to be suffering some memory loss, let me help refresh your memory.



You are impersonating the official Developers, all exchanges and anyone with half a brain can see that you are doing it and trying to act like it is not so just makes you look like more of an unstable character.




My work here is done!

I have no idea where you get that "impersonation" idea from, I have never claimed to be anyone else than myself. I am a Titcoin community member making a new wallet under a new repository that is fully compatible with the original Titcoin wallet. That's it. And the reason why I am doing is is because I want to support the original Titcoin like it used to be since it was created, as a Bitcoin clone with a focus on the adult market.

The DailyTitcoin account has existed for quite some time, I have nothing to do with it, it is operated by someone else who also seems to want the original Titcoin to continue to exist. The Telegram channel called Titcoin Official which you linked is operated by one of our community members (which there are more than 3 of btw.  ).

You are taking the Titcoin accounts and want to be called the official developers, yet you want to fork the coin into something entirely different than it currently is. I am just being myself making a new wallet for the Titcoin that we currently have. What is the problem?    You are free to make any forks or create new coins. No need to accuse me of things or make confusing claims about "official" or "unofficial". There is only one Titcoin blockchain, it can have different clients created by different people.

the big question is which coin are you really continuing as one or the other would no longer exist. as it has been explained you are merging titcoin into tittycoin meaning the original code base for titcoin would be left behind making it open for community take over if some of the community chose to go that route Which is what Gandalf86 is trying to do. I will agree that a fork is a fork. If you merge tit and titty they become something new that neither currently are. I will agree that everything should be clear that he is continuing the legacy chain vs stating it's the official but that can be changed it's all about communication and everyone being civil. Lets not bash each other etc. I have sent a message to Gandalf86 in discord about this as I believe that it should be clear that it is not the official titcoin as that was bought by tittycoin this should be clearly stated as a continuation of the pre merger chain.

It's important to understand that there is no "Community" with Gandalf86, there are three people including Gandalf86 that are part of the delusion that he is the official developer, nothing can change the screenshots that I have posted to prove that. I have the Titcoin community with me, they are in our Discord, Live chat and communicating to us via email they are all ready to swap and that will happen, exchanges are all on board and we are going ahead with the merger.

I made it very clear to Gandalf86 that he can do his own thing, however, he insisted on moving into our threads and imposing on what we are doing. That had a knock-on effect that forced our hand to identify him for impersonating the developers and he did that without shame or thought about what he was doing. At this stage, everyone can see what is happening and we already have the support of the "Real"TitCoin community.