Topic: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN - page 57. (Read 782359 times)

Exciting coin, lots of potential!

That's why you need to get into $PAC right now, when it's about to set off. It's amazingly cheap to get a decent amount of coins atm, and most people missed the introduction of it (since the old PAC is considered "dead").

Because theoretically when holding 1 PIVX in a wallet, the chance of ever getting a block reward is so small that it probably won't happen for a year / few years. According to the calculator it would take approximately 40 years.

Getting a smaller reward on short term might therefore be a more substantial form of interest (however very very little in USD). Because let's say someone is 30 years or older, the chance of dying before getting the block reward is not unimaginable. And by pooling PIVX, that person gets 0.01 USD of interest maybe, a very small amount not really worth the investment, but that always beats 0.00 USD interest.

Listing on a New Exchange (March)
https://coindar.org/en/event/pivx-pivx-listing-on-a-new-exchange-3721

I don't get it. Why even use a pool for staking? Its not that hard.
Also I don't get how people expect pool staking to even work.

PIVX Portland Meetup, USA (February 12)
https://coindar.org/en/event/pivx-pivx-pivx-portland-meetup-usa-3351

It’s a solid idea to lose your coins.

If you don’t own the private key, you don’t own the coins.

Thanks. Definitely not trying to dominate the discussion, but I feel like the BCT thread gets neglected sometimes vs. Discord and Reddit so I've been trying to keep an eye on things when I can.

wish an upvote functionality existed in BT threads... yet another top level post.. big ups ....

Not sure what you mean. For every block of 5 Piv, 90% (4.5 Piv) are distributed between masternodes and stakers according to PIVX's 'see-saw' mechanism, while the remaining 10% (0.5 Piv) is allocated to the PIVX budget (development, etc.). This stays the same regardless of transaction costs. MN profitability (in terms of number of Piv generated per unit of time) would decline if many more people operated MNs, but it will not be directly/deterministically affected (again, speaking in terms of number of Piv generated per unit of time) by fluctuations in transaction cost or the precise trajectory of inflation.

If PIVX becomes deflationary, it would mean, by definition, that the network is handling A LOT of transactions. Moreover, it would mean that PIVX itself would be getting rarer, which in theory would increase the unit price, increasing profitability in terms of $$ (not number of Piv) generated per unit of time by MNs and stakers.



Masternodes are not being bypassed. Stakers are the primary block validators on a PoS network, while masternodes are 'facilitators', offering an extra layer of verification, improving transaction time, and allowing the blockchain to be downloaded faster. Masternodes will also (I believe) play a role in enabling PIVX's decentralized exchange, ZDex, which is planned for Q2 2018. Currently, masternodes hold all voting power on the PIVX network, but masternode holders previously voted to give up this privilege in favour of a more inclusive community governance model, which will be implemented sometime this year (scheduled for Q3 2018 in the roadmap).

So masternodes' main job is to improve network function, not to increase privacy--though, a MN run through Tor might indeed add some extra privacy as a bonus. The privacy side of things is taken care of by Zerocoin protocol and, once implemented, other upcoming features such as I2P, U2F, and Dandelion protocol, all of which are included on the roadmap.

Generally, master nodes are not very appreciated with zero protocol as there's no much transparency with this. It's good they're bypassing this.

so if in this case the master node of the future, if deflation will continue. it can reduce profitability if the increased costs.

PIVX Podcast on Future Tech Podcast




In advance of the Bitcoin, Ethereum & Blockchain Superconference in Dallas, Texas (February 16, 17 and 18, 2018), PIVX was asked to be on a podcast with Richard Jacobs of Future Tech Podcasts.  PIVX is a Platinum level sponsor of this up and coming conference, and will also be delivering a 30-minute presentation on the main-stage to the thousands of attendees. This marks the second conference PIVX will have attended in 2018 (and a third, Anarchapulco, which PIVX is a gold sponsor of) will also be attended by many Pivians.

Many thanks to Future Tech Podcast for having Snappy on this episode!
You can follow them on Facebook here, Twitter here, and subscribe to future podcasts here!

Here is the audio (and transcript) of the Podcast that Snappy (Bryan) had with Richard this past week.

https://pivx.org/pivx-podcast-on-future-tech-podcast/

Some context here would be really helpful if you're actually looking for a response/solution and not just lashing out. That said:

1. Cryptocurrency addresses don't spontaneously expire, short of the coin's blockchain ceasing to exist or someone deliberately closing the address down: https://bitcointalksearch.org/topic/do-bitcoin-addresses-expire-1202855) PIVX is no different in this respect (e.g., I have used the same PIVX addresses on and off since February of 2016, including gaps of several months at a time, and they still work perfectly).
2. Welcome to cryptocurrency, where the vast majority of full-node desktop wallets need to sync. Not sure why you're directing your anger at PIVX. Feel free to use the mobile wallet if you'd prefer a faster/simpler option and don't need the full features of the desktop wallet. That's why there's more than one option.
3. If you've been waiting for days for your wallet to sync, you might need to check your internet/firewall settings. It usually takes a few hours, as is the case with most blockchains.
4. If you want to use the desktop wallet and don't want to wait a few hours, use a snapshot instead: http://pivx.support/snapshots

Your broader point about simplification is completely valid, but it applies to crypto as a whole. There is always more to do, but the truth is that, between its wallets and its range of support options (Discord being the primary one) PIVX is actually among the more user-friendly cryptos out there. Perhaps that is more a comment on the user-unfriendliness of crypto than it is on the user-friendliness of PIVX, but it is what it is.

one of the best write ups (short and concise) I have seen, thank you eleanor...

It is very much public knowledge. In addition to all the info in the ANN, it's also on the main website: https://pivx.org/coin-specs/

I would also add that fees on the PIVX network are burned. Rewards for stakers/masternoders are included in each block, rather than being recycled from network fees. Thus, as traffic on the network increases, the already low inflation rate will decline further, and may even become deflationary. There have already been deflationary blocks, and, since zPiv transactions are more expensive, the trend will be toward more such blocks in the future. Thus, there is no set number for the total supply, as is standard in PoS coins, but inflation will remain low and could even stop altogether or reverse.

https://bitcointalksearch.org/topic/m.13067779

From the ann


In the begging where going to be almost 125M IIRC, but MN's owners decide to decrease the block reward after some time. Correct me if I'm wrong

Salute

If I am not worng, pivx started also with poW. Any of you is aware of how many coins were mined?

It's nice that during this low time these kind of coins are also more affordable.