Topic: [ANN][EFL] Electronic Gulden | The Netherlands | Bittrex - cryptopia ea | - page 13. (Read 82455 times)

EFL presentation this thursday, free EFL for all attendees: https://www.facebook.com/events/1802381546499094/

First decentralised exchange to offer e-Gulden is coinswitch.co, correct me if I'm wrong.

https://blog.coinswitch.co/how-to-buy-electronic-gulden-e-gulden-efl-2b2c75897352




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How the revenues of users actives will be provide?

Looking at your posts you are going to buy Ripple with it. Believe me, you prefer me to not do anything for you so your coins stay in limbo and you won't make this mistake.

edit: sorry for my black humor, but I do not have special contact and i'm not interested in going behind other peoples money.

Have not heard anything yet from Polo nor Bittrex.

I assume you have some contacts who you can ask directly. Wonder what their explanation is.

It's nice to see how the project develops!

It is actually, an overview has been made by the foundation. It tells us we now have approximately 1000 full nodes running e-Gulden, that is about twice the amount of dutch bitcoin nodes. Foundation has now set a goal of 10.000 full nodes, that would mean our protocol would have more full nodes then bitcoin. You can check it out here: https://e-gulden.org/index.php/etappe3verloop (in dutch)

Hi everyone! I joyned! Good luck!

Is the bounty company still going on?

it seems this project is doomed !

Cool promising project! Join now!

not as long as it took for me to respond

wow it's such a huge dump today, you are so rich man, people better not buy this coin if you are selling

just kidding, happy we helped you beat fiat, tell your friends

Was able to withdraw my EFL from Poloniex today.

It states confirmed on their site and if I see Bittrex it shows that the deposit is currently pending with 0/256 confirmations.

How long does it usually take?

Sorry to inform, but the glitch is still present, dnsseed8 and dnseed6 keeps connecting and disconnecting, primarly on weekends, and the hours are not accounted for the campaign. During week days it seems to work fine. Something is happening and I can't find what it is. 

i love this project

Some people are wondering what an e-Gulden "Ambassador" means so maybe we should give some clarification.
In fact ambassadors mine the e-Gulden premine by extending the e-Gulden network. Because the e-Gulden is a country-coin they must know the dutch language.

We must rewind a bit to help you understand:

e-Gulden was erected by a group of students that quickly understood the project was to big for them.
They called for help and suggested the community (early investors and others interested) should take the lead.
The challenge was taken by a group of professional volunteers that established an association, the Electronic Gulden Foundation.

For three years this group elaborated on the project and witnessed a harsh environment of cryptocoin-competition and hostile mining behaviour,
alongside loyalty and community support. The association took on the challenge of guarding the e-Gulden assets, to educate by means of a website and publications and to set-up campaigns to distribute an important premine to as many dutch citizens as possible.
The association dit not feel compelled to invest themselves and had promised not to use the premine as an investment vehicle.

During the process of monitoring the e-Gulden network the two main core-developers elaborated a solution to protect the network against hostility.
They acknowledged the fact that a countrycoin has a mining-minority by definition in a global playingfield.
The possibility of an 51% attack has not been solved (and will intentionally not be solved) by the bitcoin-core developers, because they are convinced that they can rely on a mining majority.
The option to create a hard-fork and to introduce a proof of stake solution was very unsatisfactory to us:
- A hard fork is against the principles of true cryptocurrencies because it changes the monitary conditions. The true value of a cryptocurrency is that these don't change.
- The Proof of Stake option introduces many disadvantages to proof of work and and especially an new sense of centralisation that Satoshi strived to eliminate

Our solution was to introduce loyalty. In a playingfield of anonimous miners we introduced proof of loyalty and the possibility of miner identification. Miners that do not want to comply to loyalty can just continue to mine,
but one out of six transaction-blocks needs to be mined by a loyal miner. We presented our solution (a soft fork) to the community and implemented it last summer (2017). It was released mid august and within one month we witnessed its effects:
- The network became increadably stable. What that means is that the two-minute blockinterval became very reliable not only in the long term but also in the short term.
- The network has never been abused since by large mining pools that use an exploit to manipulate network difficulty.
- Because loyal miners are comprised by a stable set of pools and miners they also impose a limit on the total mining capacity allowed (one sixth of it is allocated to them).
- The mining profitibility is greatly increased because the mining difficulty is now dictaded by the capacity of loyal miners and not only by the marketprice of EFL.

The major advantage, not mentioned yet, is that the importance of mining is greatly reduced. The network is safe, even with a small loyal community with minimal hardware.
This solves the last issue with respect to the e-Gulden network: minging rewards are halved very year and by 2025 only one EFL will be mined per day and therefore, in the future EFL will largely depend on miner loyalty.

This comfortable position allowed us to look at "what's next" on the list of importance. While everybody in the crypto-sphere focusses on security, anonimity, capacity and profitibility we discerned another point of concern.
One small sentence: DECENTRALISATION is at danger.
If you look at the blocksize debate and the incentives to hardfork Bitcoin, the evolution of ICO's and the Proof of Stake compromise, cryptocurrency as a whole is evolving into islands of centralisation.
Even with Bitcoin we see this tendancy. If you look at the number of nodes (copies of the blockchain) you see it hardly increases, or even decreases (currently only 10.000 nodes).
More and more participants are less inclined to store their cryptocurrency in their own wallet but use new banks, exchanges or hosted wallet.

Therefore we introduced the embassador campaign (ambassadeur in Dutch). We descided to allocate the premine to a new form of mining: Reward the presence of a node in the e-Gulden network.
During a period of four years and stages of two months participants are rewarded proportional to the amount of hours their node/wallet is connected to the network. After you have participated during a two month stage you become a/embassador.
Ambassadors continue to be rewarded, but they only receive their full reward if they convince new dutch participants to join.

This way we achieve a network and a decentralisation effect that could not have been achieved otherwise.

This is how ambassadors mine the premine by extending the e-Gulden network.

Hi Folks,  We've been quite busy. If you need "immediate" answers you can reach us at [email protected] though.

Rewinding a bit:
Yes we are!

No we are not. On the contrary.
The difference between EFL and most Tkn's is that we are mineable and therefore real cryptocurrency. 70% of all tokens is not.
Even more: EFL is POW. many of the remaining "true" cryptocurrencies resorted to POS and hard-forks, thus sacrificing decentralisation.

We compiled the deamon for ARM. It runs perfectly on raspberry. Once on unix and for the purpose of running a node resort to cli. A few members did compile the gui-version. PM to get in contact.

You can pay with EFL anywhere. If the recipient has never heard of it just let him go to https://efl.nl  .
Nver heard of it either? https://www.youtube.com/watch?v=rs2Qmgw-1ZY

There were a few glitches, but we completely redesigned the campaign to get rid of them; The third stage is running smooth.

Bitcoin abondoned XP too. With pain in our hearts we had to do so too because of crashes in mscom32.dll . If we can manage to rebuild a stable xp-version we will publish it

Last but not least: Happy newyear to you all

Well, after two weeks of working with the new wallet (Windows 32 Bit wallet) on Windows XP, it keeps crashing at many instances. I Hope that maybe in the next release it can work on XP. 

Thanks for the advice. 

I am not the person to respond to this, but this is a known glitch. You have to make sure one of the foundations servers is a connected peer by adding dnsseed8.egulden.org to your list of connected peers.