Topic: [ANN] X-CASH | Open-source | Public, private tx | DPOS based CN coin - page 18. (Read 137461 times)

Ubi maior minor cessat.
The team is facing a little problem (some people may miss the airdrop if they have no BCT account) and a big problem (as it is now the airdrop is virtually dead - ONLY cheaters are going to get coins as all legit decent reasoning people will leave an airdrop which is requiring on your side an effort to get a few cents - still 2$ ATM but expect this to drop another 10X).
In the light of such a big problem the little problem becomes irrelevant.

As i remember Bitcointalk account requirements has been suggested before in discord but the amount of objection from non-bitcointalk users is more than those who are requesting it,.

Having Bitcointalk Account Requirements will remove atleast 60-70% of airdrop participants, It will remove cheaters but this will also remove legit members that don't have bitcointalk account. Its a double edge sword that the admin needs to think deeper before implementation.

But i am in favor of having bitcointalk account requirements not because i already have an account but to preserve the integrity of the current airdrop distributions.

dragonmike...also   Team Red Miner 1.4.3 is a suitable miner for this algo....or the ALL MINER....TRM seems to do better

dragonmike....this is a heavy_double algo....so half the hashrate of a cn 8...I am getting about 975 with a vega 56

I add to the above. You can also find a lot of new and useful information on the official channel in the discord https://discord.gg/a3EDDeW

what did you mean my friend ?
this coin already tradeable on few exchange and listed in coinmarketcap too
check this out https://coinmarketcap.com/currencies/x-cash/#markets
you can go the main website of x-cash here https://x-network.io
i think you need to read their blog too for more informations or read the latest updates my friend here is the link https://medium.com/x-cash

haven't checked this thread for a while. It seems coins were distributed already? what to do with them

Better a limited growth than no growth at all due to the total failure of the airdrop - which is the current status with the sms verification only. As Zach said KYC is also a bad idea, but adding a proof of bitcointalk account (add a field with bitcointalk account in x-cash profile and make a proof of account post on a dedicated thread of bitcointalk - not the main ANN thread please, or otherwise adding Xcash address to Bitcointalk profile as suggested) would surely improve the situation, of course keeping the SMS verification as well. Of course you would have to limit the quantity of eligible bitcointalk accounts - either by time (only accounts created before the xx day/month/year are eligible) and/or rank (starting from Jr Member or even better Member) and exclusion of red trusted accounts. You may even put as a requitement the need of having a few "earned" merits - this would give another cut on multiaccounters. You will have anyway some multiaccounters also with bitcointalk verification but surely not as much as with just sms. Moreover, people skilled in cheating with bitcointalk may not be skilled in cheating with sms and viceversa - and you'd need to excel in both skills to be able to abuse the system.
On the other side if you keep the current sms only criteria you may as well abort the project since you'd be critically harming it: legit airdrop receivers would leave an airdrop worth a couple of cents (not worth their time) while billions of coins would end up in the bags of professional scammers, who by the way seem to clever enough not to dump their coins on exchanges - for the moment.
My two cents.

Guys, quick one please:

is the "heavy-x" algo needed to mine x-cash giving the same sort of hashrates as the other heavy/heaven variants (i.e. approx 1750 h/s on Vegas)? I can't seem to find much on this. I assume it can be mined with JCE's or SRB's miners?

Yes with Bitcointalk account requirements will limit cheaters registration. Adding Xcash address to Bitcointalk profile will be enough proof for account ownership.

But the only problem in this rules is the project will have a limited growth since new users cant participate in the airdrop.

I think it would solve a lot of problems with multi registrations.

Good luck for your meeting Zach, just my opinion went the coin was really HYPE a lot of cheaters and other think will come. Chaing the method of airdrop its normal for right now because we have a massive greedy people coming into the airdrop. Here some my solution.

[1] Connected the Bitcointalk
Each people need to connect the Bitcointalk to join the Airdrop, Don't forget to set the minimum user registration like on 2018 so all people cant cheat with a new account or we have a minimum rank like Member above.

[2] Wearing a Signature
If people want to odds more on their airdrop, they should wear a sign and making a post, with that you get some benefit on the marketing from the signature.

[3] If these will be implemented to X-cash Aidrop the distribution model better change it to every week but the allocation still same 1B Coin.

I know these method make a lot work for you, but i just want to share my opinion about these case.

Well, x-cash is priced at Xcash/LTC and since LTC has been skyrocketing lately, its has dragged xcash with it upward marketcapwise.

On another note, if one lives in a 2 or 3world country, like in a lot of African or Asian countries, you can have access to dirt cheap simcards.
Therefor cheaters can buy 100's of them and flood your current phone verification system and even get referral bonuses. This is unsustainable if you want decentralization.
The airdrop as it stands now is getting very centralized getting in just a few huge cheater whales accounts.

I propose to ban all countries that have access to cheap simcards until you figure out how to deal with this problem, otherwise you are simply going to give your project away to a few whale cheaters.

So I want to address the airdrop issue as best as I can right now, and I will come back later as well.

So first off I do want to clarify, their was growth in the project, using our internal metrics as well as just looking at the market cap. from 300K to 1.3M and currently around 900K - 1M. If their was a bunch of people getting a lot of X-CASH I would have excepted the market cap to drop since they would not really care what price they were selling that X-CASH at.

With this being said, we are well aware that their are cheaters and that were not stopping all of them, that is just logical and part of any airdrop. We believe that we did stop many of them on this last airdrop, since we have tested our SMS providers with many "tricks", yet we know there are still problems and tricks we are unaware of.

Were having a meeting on Saturday to talk about this, as well as many other important topics, to decide how we want to proceed, and what changes we want to make to our current airdrop requirements.

It is a delicate balancing act on this airdrop, because we dont want to enforce too much KYC or hoops for people to go through, because that would mean less people applying and it would be centralized, which is almost just as bad a having no checks and having people create thousands of accounts, thus centralizing the airdrop.

Also we know that a lot of people (especially since were a privacy coin at our core) would not like to submit anymore KYC information for the airdrop.

As you can see were trying to refine the airdrop process, and I hope to have a good solution on Saturdays meeting.

Well, I have some potential good news. One of the admins on Telegram stated that the devteam will likely change the rules for the airdrop going forward.
If they can come up with a good solution to get rid of most of the airdrop cheaters, then they would be back on track with this entire project. On that note I might buy some more xcash myself at STEX.

I'm sure they have seen what the rest of us have seen, and that they had to come up with a quickfix for it.

"BitcoinMee, [04.04.19 15:23]
the devs are already thinking of new way to distribute the airdrop next round so lets wait & see"

WTF are you talking? Why would anyone possibly invest in X-Cash when the first (and only known) exchange listed on it's web-page shows that X-Cash's exchange value is the lowest there can possible be?

That's what i just say

Any airdrop has cheaters and without any strong requirements to verify the uniqueness of each account then they are giving more shares to cheaters and abusers.

Telegram requirements can easily stop all these cheaters in multiplying but they choose to remove it and replace it with SMS verification.


How many accounts do you have?

Oh no, trolls are starting to move again.

Wrong, I would advice against buying rather than joining the monthly airdrop. There is NO mass adoption for xcash, there is only rampant cheating. In fact since the value of an honest noncheater airdrop is about $2, you will most likely see that adoption will be dropping and get more concentrated towards the few cheaters that have 100's and even 1000's of cheater accounts. The project is failing.

The biggest cheaters will most likely liquidate most of their airdrop to buy even more of those $0.50 USD simcards. LOL.
Get ready for a massive price drop @ an exchange near you  

Leaving Telegram for inhouse airdrop Xbank phone verification = EPIC FAIL!!

The exchange rate is 0.00000001 sats on Cryptopia!
Doesn't seem like a very successful project...