Topic: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN - page 173. (Read 782370 times)

meanwhile Zeth has superior zk-snark tech and its marketcap is 1/1000th of PIVX: https://bitcointalksearch.org/topic/moved-to-own-forums-please-delete-1802128

Anyways, I can definitely understand that PIVX is being put under the spotlight due to its recent price hike. perfectly acceptable.
But people need to realize that this did not happen overnight and out of thin air. PIVX isn't 2 months old nor is it just a copy coin.
A LOT of time & effort went into making this happen by devs, marketing team & the community. (I'm part of the "community" part)

For those who are new to PIVX and want a decent summary about PIVX, feel free to read my PIVX reference document:
https://docs.google.com/document/d/14jL8KUAiKxB9rBS_Zj-Xc1MmmurpniwGcT-iLZ5na1g/edit

Man... just move on. Nobody here really cares what you think about Dash.
In case that you didn't noticed this is PIVX Forum, If you want to talk about Dash or even compare it to another coin just do it on the right place.
If you don't know where it is, I can help you, just follow the link:
https://bitcointalksearch.org/topic/anndash-dash-dashorg-first-self-funding-self-governing-crypto-currency-421615

Yeah man, stings a little bit considering we were here from the start but what can you do...well put up your address, not that anyone will donate but wtf. I would if the shoe was on the other foot but that's just the shibe in me living and doing it's thing. good luck everybody

EleanorZ  Thanks again for answering.

First of all it's not DASH but PIVX that has put a DASH vs PIVX comparison on there website.
My arguments are going in against that, and I wanted to figure out how people thought about it. And I already concluded that lots of people fell for it

And what I have researched and concluded for myself(obviously reading PIVX whitepaper and so forth) Was that the marketing was the strongest selling point, and its mostly directly directed at DASH.
So as my final decision was to ask people on this PIVX forum, to perhaps break my conclusions. I could explain how this PIVX marketing works (I do if you want to but I am in no need to be called a troll )


Do I am certain I can not make you or many others change your minds to the economic fundamentals I know them and seen them unfold in crypto I do want to put my final info on the matter out here and leave it at that(economics is a soft science so it would be only logical that people will disagree to the end of times ):


Dash yes had an instamine, it was during a time crypto's where much more wild and they are currently silly things such as what accrued with DASH definitely accrued with allot of other coins.
Crypto where allot more buggy than they are now, coins exchanged hands quickly definitely buggy coins like DASH, even with worst case scenario's, the coin distribution coin not have ever been as bad as people thought.  If the instamine would have happend today, than yes dash would have been a failed project from the start. But hey nobody ever called bitcoin a instamine coin even do 1 milion coins are still in one address of the original creator a major red flag we all simply take for granted, LTC creator Charlie sold over 400.000 LTC as well for instance. Also lot and lots of coins got stolen in the past via various ways included the exchange collapses of both Mintpal and Crypty.

Much more reasearch on the matter can be found here:

https://www.youtube.com/watch?v=mzqGf_ak_2I
https://www.reddit.com/r/dashpay/comments/62jc3b/evan_duffield_has_no_more_than_256000_dash_and/
Dash Instamine Issue Clarification https://dashpay.atlassian.net/wiki/display/OC/Dash+Instamine+Issue+Clarification
Instamine FAQ https://dashpay.atlassian.net/wiki/display/DOC/Legacy+FAQ#LegacyFAQ-WasDashInstamined
Was The Instamine A Positive Thing For Dash? https://dashdot.io/alpha/?page_id=118
My View: Dash’s Instamine Is Not A Problem http://fintekneeks.com/my-view-dashs-pre-mine-is-not-a-problem/
Deep technical analysis of the early mining and distribution https://bitcointalksearch.org/topic/m.15619552
Confessions of a Instaminer Hashman https://bitcointalksearch.org/topic/m.18041424

Now than I compare that info to PIVX

1) Only a 100 day mining period which is what is a 100% fastmine compared to a 10% instamine
2) Masternodes and minting where the plan from day 1, aka which means creators will definitively not sell out straight way, and will keep running nodes, aka earning via selling masternode rewards.
3) POS is completely different from the POW fase, and you can not simply say that the distribution continued fairly from that point on, as the LOOT (AKA the masternodes where already firmly in the hands of a lucky few)  
4) Looking at market cap and what I could find out about the mining phase, it really does not to be heavily mined (looking at hash-rate)

I agree with you multiple coins should excised to fill up the differences, and i never said anything to contradict you on this either nor will I, but the think is in PIVX current shape and form it has not yet proven to do this, especially in the way the coin is presented in what its unique features are.

When in time PIVX will offer these differences than yes PIVX deserve its market-cap and much much more if these features are desirable to users, but that just it currently PIVX has not yet proven itself but has gained a massive market share, it can only be described that is mostly on the back of DASH, this can be seen looking at the charts, to my knowledge no big development updates have been given out that could explain this.

If in time PIVX and DASH will differ from each other than it all that ends well for the end users (use investors just have to deal with it either way)  

IF I find new info on the matter I''ll be sure to post here again. But fir now I'll  leave it at this for now, and let things cool of as some over zealous users are already taking offence to my questioning. ( I am a bit dyslectic so perhaps the fault somewhat lies with me)


  

this rise is ridiculous ;-)

5000+ --> 160000    not bad for me  Time to buy again 

1560 --> 160000  long live Pivx, keep going n get Dash's head. Polo is comming ...

I like this coin from 650 satoshi to 160000 satoshi.

I am addressing all your points again despite the fact that, as you say yourself, you decision is made, because I think it's important to maintain constructive dialogue even in the face of repetitive, ideological criticism.

Investing in PIVX and in DASH are not mutually exclusive, and neither is participating in both communities. Both projects have been successful, though of course DASH is more mature in its development cycle. The PIVX Devs wanted to improve on DASH and try out some new ideas of their own, which is why they started PIVX, and why it exists as a separate coin from DASH. The fact that something good exists doesn't mean that we shouldn't try to create something that is even better. PIVX is not a threat to DASH unless it succeeds in being 'even better', and if you're sure it's not going to, why are you worried?


1.5 years after inception, the block reduction process is still continuing. The next reduction, from 15 to 10 PIV, will occur in the next few days. To me, 1.5+ years is a slow block reduction.


You are bringing up two separate issues here.

First issue: Yes, DASH was heavily mined at its inception, just like PIVX (use whatever word you prefer: premine, instamine, "the 1.8 million DASH that were mined in the first 24 hours", etc.). That doesn't mean that DASH or PIVX are scams. However, the number of coins mined in this way was much greater for DASH than for PIVX (both in absolute number and as a function of total supply), and they were never burnt, which has invited criticism from some (many) people. The DASH Devs and community have justified the early mining, and I am not here to judge what is right or wrong. I have personally mined DarkCoins and invested in DASH. But it is a fact that more than 1.8 million DASH were mined in the first 24 hours, and that this is viewed with suspicion by some (many). Whether this is fair is a separate matter; the point is, DASH has a cloud over it in some (many) people's eyes, and PIVX deliberately avoided this concern by burning its (much smaller) premine publicly.

Second issue: DASH does have a fairer distribution than many coins, sure. And that's great. But any coin with masternodes will always look fairer than it actually is, because many whales have their coins in MNs (i.e., many small addresses). You could make the same argument about PIVX to some extent, with the major difference that PIVX is PoS, and the seesaw mechanism ensures that staking is almost as profitable as having MNs. Many users choose to stake their coins to avoid the hassle of managing MNs, resulting in larger wallets. PIVX's distribution is also fairer than many coins, and if it had only MNs (i.e., no PoS), it would appear even fairer than it does. You're also comparing apples to oranges, in that PIVX is much earlier in its development cycle than DASH. Over time, as early-adopters take profit, the distribution will improve even more. DASH's distribution reflects this as well.


Not quite sure what you're trying to say here. DASH is a great coin with a great community. It's done as well as it has because of both of these things, and I congratulate you for that. I hope you continue to succeed, and I think crypto is stronger because of DASH. But I'm not sure why that means others can't try to improve on something that is already good. PIVX is much less mature, but it is also developing non-stop, and also just hired (for $$) several specialist developers. PIVX has many unique features. No one is saying PIVX is perfect either, but it is promising and the market seems to agree. If you think PIVX is a good investment, you are welcome to join the community, contribute, and hopefully make some money. If you think PIVX is pointless, you are welcome to not invest in it. But honestly, regarding the 'why didn't you just join DASH' argument--just move on, man. That was a conversation to have 1.5 years ago. PIVX exists now, and it seems to be doing fine. Who knows where it will be in a couple of years once it's more mature.


Again, DASH is much further along in its development that PIVX, so I'm not sure what your point is, or why you're so obsessed with comparing it to PIVX. This community has made certain decisions regarding PIVX development, just like the DASH community made decisions about DASH development. Of course you should vote for what you think is best, and you're welcome to vote for what you think is best for the PIVX community as well--if you invest in PIVX.


I continue to not understand this argument. Over and over, your argument boils down to "DASH already exists and is successful, so why wouldn't you just join DASH instead of starting your own coin?" Why did Larry Page and Sergey Brin start Google even though Altavista already existed and did the same thing? Why did Steve Jobs start Apple even though IBM already existed and did the same thing? The answer is that they had ideas of their own and wanted to draw on the best aspects of existing technologies, improve on them, and create something even better. Maybe PIVX will grow bigger than DASH. Maybe they will coexist. Maybe PIVX will fail. Who knows. But the world would be a very boring place if entrepreneurship didn't exist as force for continued improvement.

And I'm sorry that DASH's market cap has dropped lately. Currencies do that--they go up and go down. I'm sure before all this is finished DASH will go up and down a few more times, as will PIVX. If you believe in DASH, don't worry about a few bumps. It's a long road ahead.


I think many in the PIVX community are surprised at the recent growth as well. Clearly, the PIVX vision has resonated with investors. It will probably correct downward for a while, if that makes you feel better. As I say, it's a long road ahead. You're certainly welcome to join in the journey if you change your 'decision' (hey--are you secretly LeBron James??)


Again, 'unneeded' is determined by the market. Many coins die, and some succeed. You know why the DASH wallet says 'Copyright, the Bitcoin developers' on it, just like every other wallet? Because, just like every other coin after Bitcoin, DASH also copied existing tech and improved upon on it. Like every other arena in life, competition and innovation are good things, and will help cryptocurrencies avoid the 'small box' you speak of. If DASH continues to develop and improve, it will have nothing to fear from PIVX. But that doesn't mean that DASH and PIVX can't both be successful.


Once again I'm repeating myself. There is no more information to give re: PIVX's instamine. It was small. It was used for the first MNs. It was publicly burnt. It is not controversial, even though you would like it to be. End of story. I'm sorry that there isn't more to say on this.

As you say, though, your decision is made, as it clearly was before you even posted in this forum. Of course, that's your prerogative. I wish you, and DASH, luck in all your pursuits.

I simply could not imagine such growth. Who bought 1 cent now got more than 150 fold increase of their investment.

LMAO you forgot to switch to your other account before posting 

Nice try

I think u are having tantrum or being jealous of dash holders that managed to double their money within one month while ur pivx asscoin is just a piece of goshen. Ur irritation stems from ur teenage years when ur life was especially hard. U missed out on dash because u were out as ur body received punches from a street bandit which is the exact reason why u werent online when I was calling u out on ur last statement about dash.

Announcement!

Pivx added on list Coin Price ticker.

Go to google play: https://play.google.com/store/apps/details?id=wiskunde.nl.coinpriceticker&hl=nl to download Coin price ticker(CPT).

For a preview see link: https://twitter.com/WISKUNDESTUDENT/status/852586642376404992

Sincerely,

Wiskunde

No web wallet,, Useless

If you're going to be critical, get on your real account.

I've been critical in the past and use the same account, nothing wrong with being critical. We have to question these projects when this amount of money is involved.

PIVx has been great to many of us, like someone else mentioned. Researched, saw how transparent devs were and decided to give it a chance. They've done a great job.

Thanks, really wanted to cover how hugely undervalued the entire space is to show how there's enough seats at the table for everyone and how stupid fighting over table scraps through FUDing is.

Speaking of stupid FUDers:


Bye!

Please quote one piece that is FUD ? I asking difficult questions yes, and I have a strong opinion About both DASH and PIVX, That does not make me a troll

You on the other hand attacking me personally does make you a troll

nice show, nice diving too

IloveBTCtomuch wasn't even a subtle FUD Dash troll