Topic: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN - page 115. (Read 782450 times)

Mostly agreed, but the incentive would be that keeping the supply as low as possible would (theoretically) bolster the price of a single PIV, offsetting the cost of the fee itself. I guess we'd have to know the actual numbers at play to get an idea if that's real-world possible or just theoretical.

Community based coin focused on the best interest of it's users and unfortunately that would still be a net negative incentive for the user (shrinking a tiny bit of the supply for the whole but through personally absorbing the entirety of the cost), so this isn't a rational expectation.  Just need more volume/use/adoption.

Interesting; I didn't know that the microfees were straight-up burned. Two questions, then:

1) Does the supply on e.g. Coinmarketcap factor in these burnt coins, or does it only count mined/minted coins? Not really important for now, but in the hypothetical future where burnt coins start to meaningfully offset minted ones, it would be.

2) The PIVX wallet lets you choose the size of the transaction fee, from free if you don't mind long confirmation, to expensive if you want fast confirmation. Picking a higher or lower fee would accelerate or decelerate the move toward supply neutrality and, ultimately, reduction. For now, do you (the dev team) see it as being in the best interests of PIVX if people choose higher fees when possible to reduce inflation?

PIVX Launches Mobile Wallet for Android Devices

by Elisha Owusu | Jul 28, 2017 | Announcements | 0 comments
PIVX Launches Mobile Wallet for Android Devices

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PIVX – Private Instant Verified Transaction has launched its mobile wallet for Android devices today. The much-awaited Android mobile wallet for the PIVX network adds a key aspect of adoption to the privacy-centric cryptocurrency expanding its ecosystem. As this will afford its users the ability to carry the privacy-based cryptocurrency with them anywhere.

PIVX fulfills part of its roadmap as it releases the first version of its mobile wallet to the public. As a complement to the desktop version of wallets for the Windows, Mac, Linux and Raspberry operating systems, the mobile wallet has been in development for quite some time. It is aimed at easing the portability issue for the transfer and other use of the anonymous peer-to-peer currency that offers total freedom.

PIVX users on the Android platform would now have easy and quick access to their accounts and be able to monitor their funds in their hands, aligning with the goal of the project to make users their private banks by carrying a fast, secure and fungible currency in their pockets.

The feature list of the PIVX mobile wallet includes:

Security – Use of existing decentralized network nodes, use of checkpoints, PIN app security
Privacy – No account creation required, no identity linking, locally stored private key, one-time encrypted file backup
Lightweight – Does not download full blockchain, so it’s very light on phone’s resources.
Ease of use – Ready to use immediately after install, Address book, QR scanner
Multilingual – Support of language translated XML files
Hierarchical Deterministic (HD) wallet – it only requires a single backup for all addresses.
Easy backup & restore GUI option in-wallet

Users can now download the PIVX mobile wallet on the Google Play Store while wallets for other mobile operating systems are currently being worked on. The PIVX community can also benefit from the #PIVXMobiWallet campaign (starts later today) which rewards users for referring family and friends to the new wallet.

Please keep in mind that this first release is considered beta and will have some minor bugs. Many users have already reported them and will be addressed in the next release. We are also planning for more features to be added as well as IOS support soon. So please go ahead and start receiving and spending PIVX via your mobile today!

more on www.pivx.org

Indeed, it's about 2mil added each year (from the block reward) HOWEVER...

We are (AFAIK) one of the only limitless coin supply "coins" that is also capped by use (with a potential to actually become a decreasing coin supply coin).

Here's how it works:

1) Every 60s, 5 PIV are added.
2) For every transaction, micro fees are added (and those fees are burned).
3) As the rates of transactions (volume) increases per minute, more and more PIV is burned.
4) We will hit a threshold where with enough transactions (I think it's around 200-300 Tx/s or 8-10 SwftX/minute), we will go coin supply "neutral".
5) As transactional volumes increase, more PIVX will be burned every block than what is being added by the reward, thus REMOVING coins from circulation (and beginning a coin-reduction).

It's wild to think about that you can have a liquid coin (meaning, more coins being minted) while still having a reduction in coin supply.

Welcome ! secure them well ! stay purple

Thanks so much man, welcome to the forum 

Hello everyone ! 

After some years spent on reading Bitcointalk without registering, i finally made it. It's been a while that i invested in PIVX and already made good profits but it's just the begining and i can't wait to see its price rising again, i'm holding all my coins and i plan to buy some more in order to set up few masternodes before the huge pump which shall come in a not so far future. After this year or by the end of the year in the best case, when the Bitcoin situation will be better, i'm pretty confident that the PIVX should finally reach the true value it desserves. For me it's by far the best altcoin on the market up to now and i have an entire faith in its success. One of my dreams is to be able one day to use it in everyday life for everything. Thanks to all the devs and the members of this great community who are aiming to make that possible. And as Snappy like to say it, keep it purple people ! 

@TheCryptoBaron I'm a fan of your YouTube's series, i'm a subscriber and i've been following it almost since the start and as i see you just posted on the topic i take the opportunity to thank you for your work. It's very pleasant to listen to, informative, full of good and wise advices and predictions, well done ! 

PIVX comes in at #2 in the Crypto Times "Top 10 Alt Coins"

https://youtu.be/-QLXQolfIcw

some staking tutorial for the new android wallet?

When do we see the official release of the zero coin implementation? By the way the android wallet looks good - loving it.

That is exactly correct 100%  Not just that pair.  Many many pairs.  Please take a look at the youtube channel for more.

Can you explain what is this blocknet DGB for PIVX? Does it mean that i can trade between DGB and PIVX using the blocknet wallet, without the use of any exchanges??

Nope, it's exactly as outlined on the website and in the OP. 43 million was the supply after PoW. Add PoS rewards since the transition and you get to the current total. That total will continue to increase based on the current block size of 5 PIV; i.e., absolute rate of increase will remain constant, while percent increase (inflation) will decline as the total supply grows. There is no supply limit, but at 5 PIV/block the supply will always be fairly low during any of our lifetimes.

The supply is actually unlimited. I think that was just the total supply up to the last stage of block halvings that we are currently on.

I don't understand why on pivx website it said that PIVX max supply is 43mil but on coinmarketcap its circulating supply is around 54 mil? Is there something wrong?

Thanks for the reply. Yeah, for sure something on the VPS side is the likely culprit, but I was still curious if others had been experiencing anything similar. I still host my MNs through Paul, and yeah, they're all 1 GB RAM; not sure what platform he uses off the top of my head. I guess limiting the number of connections per MN might help reduce the RAM load, if that is what it is.

Blocknet DGB for PIVX Decentralized Trade Across Blockchains

It can be a VPS thing, eg if you're on an OpenVZ container with less than 1GB memory then the host can kill the process if it uses "too much" RAM.  How much RAM have you got, and do you know the VPS host platform?

Yes I have staking=1 there too... This whole time. Like I mentioned above, it all worked at some point. But at some point, I did a git pull and compiled the wallet and I guess it wasnt the stable version.

But now I am using the precompiled binaries, so that shouldnt be a problem.

Yesterday I wiped the datadir, leaving only the wallet.dat. Resync. Unlock wallet. Still "staking not active".

Edit:
Is it possible that there is a bug in the getinfo output?

getstakingstatus returns

So all good I guess...

Only with getinfo I get this: