Topic: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN - page 189. (Read 782370 times)

friendly reminder:

- next PIVX reward/inflation reduction in ~16.8 days.

- last reduction to 5 PIVX in ~46.8 days

- don't forget to visit the off forum and/or slack (check my sig for links)

have a nice day all

one of the best and clearest explanations on what a masternode is and more importantly WHY its so cool to have one + how the coin profits from it!

PIVX Masternodes require 10,000 coins. For every Masternode in use it means 10,000 coins are taken out of circulation to service running it. There is a limited supply of Masternodes... Right now there is about 53,000,000 coins and so right now the maximum number of Masternodes possible is limited to about 5,300. (53,000,000/10,000)
Masternode growth is limited to coin supply growth which will be 5 coins per minute (block time). But since coins are distributed all around in smaller amounts, there can't really be 5,300 Masternodes because not enough coins for everybody to set up a Masternode. You must work to achieve the masternode. This gives it value and backs its own value. This whole design perpetuates the rarity exponentially because as more Masternodes are created the coin gets even more valuable which drives up the benefits of having a Masternode. This in turn then continues to drive up the demand even more for people to achieve the 10,000 and take them out of circulation. But every time this happens the coin will only get rarer and more valuable and it is a never ending cycle of perpetual wealth generation for everyone holding the PIVX coin.
Why? Because if you can achieve 10,000 coins, and create the masternode, you are then guaranteed to find a block at least once per week. PIVX is basically designed to pay you to buy it and save it and take its coins out of circulation. It is the true saver's coin. It's a win win because even if you don't have a Masternode yet, we all benefit just owning any coins at all we will catch the ride and increase in value.

PIVX's circulation is larger than DASH's...53 mil. PIVX vs. 7.2 mil. DASH at present. PIVX's circulation is ~10x larger than DASH's, so the MNs need 10x more coins, I think. However, the developers would be able to give you a better answer--if you're interested, most of the community is on Slack. slack.pivx.org

Thank you friend. One thing I notice is that PIVX requires one to put up 10k PIVX for a MN. Why did you choose 10k vs 1K like DASH? It seems PIVX MN are already more valuable than DASH in a way? What are some advantages of a PIVX node vs DASH node?

About 53,000,000 in circulation. It is limited to 15 coins per minute at the moment, but in a couple months be limited to 5 per minute from then on.

Welcome. This information plus a lot else is available in the OP here:

https://bitcointalksearch.org/topic/annpivx-private-instant-verified-transaction-proof-of-stake-zerocoin-1262920

...and even more info is available on the official PIVX website here:

https://pivx.org/

If you're interested in masternodes, both of the above plus:

https://pivxmasternode.org/

http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html

Yes, if you mean DarkNet, not DarkCoin. Or install the new wallet and paste in your old wallet.dat.

If you mean DarkCoin, then wrong thread =)

OMG  will my old Darkcoins on my laptop node be PIVX now ?? can i send them to my pivx wallet 

Good evening friends. How many PIVX are in circulation? What is coin cap limit? Interesting project here...

Update: PIVX March 2017 Marketing Report has been published.
https://forum.pivx.org/t/pivx-marketing-report-march-2017/488

1. From the VPS, stop the MN1 pivxd (wallet). Then from controller wallet on your PC, close it. delete the MN1 line from masternode.conf and restart the wallet.
2. Once you've done the above, your 10K will become unlocked as its transaction id is no longer configured for a masternode in masternode.conf.
3. Yes. It'll become immediately available for use.

FYI - if you need to transfer that 10K asap, you can even manually unlock it via coin control - enabled in options - to bypass step 1. (then do step 1 to clean up the leftover config)

Good news!

PIVX has now been added to Coinomi wallet. (an electrum based open source mobile wallet)
It's a secure anonymous mobile wallet that supports BTC, ETH, DASH, PIVX etc all at once.
Android version only for now. IOS version is coming soon.

https://play.google.com/store/apps/details?id=com.coinomi.wallet&hl=en
https://coinomi.com/

I am glad I bought some when it was 20k satoshi and still holding> To the moon!

I have a good feeling that pivx will be added to polo the next week 

PIVX already changed their name (was Darknet [DNET]) so a name change is not in the cards. The devs are well aware of DASH's plans and the need for ease of use. I do not think there are current plans since their are bugs to be worked out of the wallet and a libzerocoin protocol to install first.

Ease of use, with a better GUI interface are known priorities but not at the top at the moment. This coin is only a year old while DASH has been around awhile longer. PIVX is way ahead in development for it's age but some things still have to wait.

The developers of DASH are working on something called evolution which is supposed to make it a lot easier for people to use it. So easy that people can use it without waiting for an eternity to download the entire blockchain or even need to know what a blockchain or a masternode is. So easy that ordinary people(non geeks) can use it.

https://www.youtube.com/watch?v=r7erSqaRRnw

Does anyone know if someone is working on something like evolution for PIVX? With that I think PIVX could become number one(if they also change the name).

to big pum coming soon 

win10? if yes just use the exe or you maybe have to unblock the installer first
see here: https://www.tenforums.com/tutorials/5357-unblock-file-windows-10-a.html

a lot of coin wallets are blocked from windows 10 by default

i agree with this, no premine is huge in crypto, otherwise its just a big cash cow.