Topic: [ANN]Spectrecoin[XSPEC] TOR+OBFS4, Ring Sig, Stealth! - page 4. (Read 94854 times)

We would encourage everyone to come over to our Discord server if you have any questions as well: https://discord.gg/ckkrb8m

We will monitor both, but we are more likely to answer serious questions and specific questions.

I can confirm that this is the new official XSPEC team account on Bitcointalk. So, for now, the only two official accounts speaking on behalf of The XSPEC Core Team is mine and @XSPEC-team. If you are in doubt ask any possible impostor to sign a message using the above XSPEC and BTC addresses.

Here is my XSPEC address: SeNNLKuPK2htgCQ8gmeoT2d5JESBLGq8PH
Here is my BTC address: 39vLP4Fjk4qGvcEPCQZCo6vAkooSBTB8Ls

This is a new account that will post on behalf of the XSPEC team on Bitcointalk in the future.

What exactly do you want to know?

I did not see there answers to my questions

You need to follow the Discord server and all the info is there, from progress reports, roadmap, budget etc. full transparency

https://discord.gg/ckkrb8m

can I find out the end date of the audit?
Is there any experience with the new developer Shbli? what projects did he do before? And what was the deadline for the final version of the new wallet he promised? And what is the price of such work for him?    Three months ago Mandica promised full transparency and that we will know all the details. Every week, detailed reports on the work done should be published. But there is no such information. I do not see the answers to my questions, although earlier they promised full transparency.

I would suggest NOT eliminating this, but instead providing a brief explanation (like a pop-up in the wallet when you mouse-over the orphan, or something similar; or you could change the text to e.g. "Generated but not accepted: this is normal and will not affect your overall reward rate"). Orphan blocks are inevitable and relatively common in every PoS system; they aren't something to be ashamed of or hide. However, I can see how it might confuse and concern people who are unfamiliar with how PoS works.

The main reason I suggest NOT eliminating the "Generated but not accepted" message is that, while a user can't eliminate orphans completely, they can take steps to reduce their frequency (e.g., see here: https://steemit.com/cryptocurrency/@lightsplasher/proof-of-stake-coins-reducing-orphans). However, they can't take appropriate action if they don't know their orphan rate to begin with. Also, removing this information could open you (the XSPEC project) up to allegations that you're trying to hide something (i.e., that staking really is broken)--and I think that could be more damaging to the project than the complaints of a few people who simply don't know how PoS works. Ignorance can be solved with a pop-up 'tool-tip' explanation; suspicion and FUD cannot.

Thanks for clarifying the long-awaited issue/misunderstanding...   Which is "Generated but not accepted"

A Moderator please:

@Nebell is a well known FUDer here, staking works very well, he does not need another answer, he needs a Moderator.

I have completely stopped staking because it doesn't work properly.
There is no way in hell my reward fluctuations are cause by luck or bad luck.

Thank you for the testimony, at this time it was very necessary.
Obviously it should be understood, if all of us here explain that staking works well, it is because for us it also works well, beyond the explanation that we give.
Another thing that should be very clear, the process of staking really does not have any component that depends on luck.
Staking is a variable process (not regular as a function of time) that is why people get confused, think that it should work like a clock and not, the software is not designed in this way.
The software is designed to guarantee 5%+ in all cases.
It is normal to obtain two successive times: "Generated but not accepted" and exceptional to obtain three successive times. In the latter case, you may already think that something,
perhaps, is not right in your own system: hardware, software and also your connection.
Another very important issue, the PoSv3 system works better than previous versions, if you get a: "Generated but not accepted" you did not lose anything,
this should be very clear, because you keep intact your weight of network, and this means that continues in the system demanding its 5% + guaranteed.
As can be seen, "generated but not accepted" indicates to the participant only that it is working well, but as we observe that it produces confusion,
this is what can be improved: in future versions this message / aviso / notice: "Generated but not accepted" it can be eliminated, to avoid confusion.

I must say that I'm staking 24/7 for months with no problems and get constant staking rewards as expected. I use version 1.3.5 build from source on a linux machine. So no issues from my side .  

You still don't understand so you need to read up on this. There is an algorithm that will attempt to keep a certain block time of 60 sec and adjust the difficulty such that a wallet will be able to generate a valid PoS transaction every 60 seconds. In theory, if there is only one wallet staking, this wallet will get every block reward and the difficulty will be adjusted accordingly. As more wallets stake and more PoS blocks are submitted to the network, the difficulty is adjusted. Have a look at the block explorer and you will see that about 2.18 XSPEC is generated in every valid block. This amount is adjusted according to the total supply and if the block time stays at an average of 60 sec you will see a 5% inflation annually. The "not accepted" rewards are blocks generated by your wallet that does not match the hash value it is compared against. Every wallet in the network submits transactions constantly to try and find a valid PoS transaction. It's a bit like mining. Every time your wallet generates a PoS transaction it uses a different UTXO and gets a different hash value. The probability of you getting a reward (that is; you generate a valid PoS transaction) is adjusted with your balance. Look at the 'orphan' chart: Orphans

We can look into how the wallet estimates the time for a reward, but the network is dynamic and the difficulty changes all the time. Nothing is broken but maybe certain things can be improved. It is also important to understand some basic probability and statistics. If you stake 500 XSPEC it could take a very long time for a reward to appear or you could get two rewards in quick succession but the AVERAGE over a long period of time will stabilise at at certain value of a reward every 35 days for example. This could mean that on occasions you will not get a reward for maybe 70 days or more. The algorithms are about probability.

by the way, i was the one with the 500+ xspec and not that guy.

so if you say the average stake reward for 500 xspec would be about every 35 days why does the wallet estimate only 10 days (sometimes 11 or even 12 days)?
maybe only this estimation mecanism of the wallet is broken (and not the staking itself).

and how can 5% per year be guaranteed if you can always have bad luck with not accepted rewards?
nothing can be guaranteed if there is luck and bad luck involved...

If you actually give a shit about a 5% staking return and wanna pick a fight with the Devs...
Then you really need get the hell outa crypto... and be a hairdresser or gardener or chef, whatever.

Since I traded my first XSPEC Jan 25, 2017 for 4000 sat... Bitcoin is up about 800%...
And your typical well managed Crypto Portfolio is up about twice that or roughly 1500%...
And elite spec miners are probably doing 3x that at 5000% or more. Much more.

Oh wow look, XSPEC is back at 4000 sat where I first bought it...
But, luckily, I've traded 257,000 XPEC... buying at an average 4824 sat and selling at an average 5568 sat...
And that almost 2 BTC profit did not magically fall from the sky...   
It was donated by people who buy my bags during Pumps... and fill my bags during Dumps.

Sure this is a sketchy micro-cap with glacial development, but it's "good enough"...
When it comes to zero sum games like crypto... get good or get out

Staking isn't "broken" and if you say it is then be specific about what exactly is broken. The "time to reward" is just an estimate. You will get 5% so if you stake say, 500 XSPEC as was mentioned you would expect around 25 XSPEC per year or around 2.08 XSPEC per month, so you would get maybe 1 stake reward every 35 days on average if you run the wallet 24/7 through a year.

Staking certainly works as you can see from the block explorer: https://chainz.cryptoid.info/xspec/

I have been staking since 2016 and staking works fine and actually the network has been running perfectly for 1 year and 7 months, no forks, no bullshit and if you look at things like average block time over the last year and difficulty adjustment you can see that staking in XSPEC runs like clock work and that the network adapts as it should. If you look at the total supply, 21,469,748 XSPEC, this is just about spot on for 1 year and 7 months of 5% PoS from an initial supply of 20 mill.

I already explained how staking works, I'll tell you a nanera easier to understand.
If your time is 9 days, then it is normal to receive, several times in 9 days and it is also normal that you receive today and then spend 45 days before receiving again.
But sure you will receive 5%+ annual guaranteed. So your conclusion: "Give or take a week or so, I can forgive." It's a perfect lack of understanding of how Staking works.
Remember well this: In 2019 Spectrecoin will be much better than now.

I don't buy this "staking theory" people are claiming here.
I have been staking XSPEC since early this year. February and the first half of April I had staking reward every 1-2 weeks. March was broken but I was in Thailand and only able to remotely control my computer. I figured it must've been some bug and didn't want to bother until I came home. So after I came home and updated the wallet and it resumed staking correctly for a few weeks. And the last staking reward I got was 18th April.
If the shit says "9 days for the reward" then that's when I fucking expect my reward. Give or take a week or so, I can forgive.
I'm not a computer illiterate. I build my own custom hardline systems. I know my shit around both hardware and software. Staking ain't working properly. It's broken and no fucking theory is going to prove it otherwise.
And I should not be saying this because I myself own XSPEC, but this is one of the coins that is going to die a horrible death before 2019.

ok, thank you for this informative answer.

but i still like the pos1 version with aging coins better in which you get some more reward the next time when the last one wasn't accepted.
that seems more fair to me because that's like some kind of compensation.

i don't understand why this feature is not included in pos2(or even 3) version anymore.