Topic: [ANN][XC] >> Mandatory Update to new Wallet - The first POS X11 anonymous wallet - page 179. (Read 268553 times)

drk came out like in january that was 5 months ago...it has a marketcap of  almost 60 million!  know just think of something that will be better then DRK with a DEV who has managed major business before and give it 12 months what do you think the marketcap has the potential of being, might be optimistic but im thinking ltc marketcap levels that would give each coin the potential of being roughly $30 each!! and seriously what has ltc got? if drk can do 60 mil in 6 months we can double it and then add another 6 months or so it's not inconceivable really, it's very possible!

 
The dev seems to know his stuff in the technical department and might even be more qualified for the job (this type of job requires someone with the mindset of Anonymint really - which is highly paranoid on things related to security and holes in the design). If I had to rate them, from what I see, I'd say you are right in the security background etc etc, but keep in mind though that Evan also has a financial background and the economic model of dark is one of the best around. So, a crypto being primarily a currency, is very largely affected by economic decisions and economic design.

Stuff like coin number and inflation are critical. If I know that there will be 10 coins more tomorrow per one coin today, why would I buy big with all this dilution? This stuff needs capping and it needs capping yesterday. Being an "infinite" coin through PoS production is also not good for rarity which makes it less valuable - you become something like a DOGEcoin. Arbitrary block numbers like 333 coins per block, 3.33% inflation, 33.3mn coins heavily remind shitcoins even if the technology of the anonymity proves very good. These are stuff that need better design. They are CRITICAL to success.

If everything is staked (not likely, but just to illustrate) 3,33% inflation* through interest means that by year ten these 33.3mn coins will be 44mn and by year 30 it'll be 86mn coins. The interest in itself inflates the coin so the owner gets nothing in reality because the monetary base has been ...debased.

We need much less coin generation (10m sounds good), much less interest and debasement (for those that could be arguing "oh I bought thinking I'll get 3.33% on my coins, think that if the monetary base expands by a similar amount, you'll only win if someone actually buys the extra coins - which is less likely to happen if they know that the coin will be continuously debasing".

The dev must make a decision soon and fix the economic model, no matter what the haters say.

No matter what's happening right now in terms of technology, MRO people are clueless in terms of inflation and massive reward as the production can't be absorbed (I tried to tell them about the price stagnation and that they need to do something - but didn't really listen) and X11coin is problematic in its design as an economic instrument, which I'm highlighting right now and perhaps it'll be fixed.

* 3.33% = worse than gold's 1.3% (2.500 tons added per year in a 180.000 ton above ground supply). Even if half the quantity is staked then it's again >1.3% which is the absolute benchmark in terms of finance.

Consult someone with financial background, see what other cryptos are doing and fix it fast along with the distribution otherwise it will hamper long-term prospects. Then fix the name / brand. And these, all the while working on the anonymity aspect.

My 0.02 duffs.


EDIT: I made an error above claiming infinity for POS, as the cap is set for 33mn.

sure!

Please @actsecure,  brief us and we will spread words. most ppl do not know what is coming!

this dev surprise ppl here and out there. who know what will come later.

maybe some unprecedented phenomenon.  i do not want to miss it!

OK. It's night here but I'll check back in tomorrow and see if the dev has explained how this works i.e.. the appearance of the 30 denomination addresses for one transaction - is this normal and will it lead to bloat? It's interesting. Want to know how it works.

Yeah...

Net Hashrate
610,453.88 MH/s

According to xc.suprnova.cc. Not sure how accurate this is as sometimes the pool shows 10% of my hashrate, other times 200%.

And http://liteshack.com shows huge spikes like 200 GH coming out of nowhere and then leaving. Here 619 GH is reported so pretty close to what suprnova.cc reports.

the multi-pools might be dumping and keeping the price down..but that creates a buying opportunity for us in the know, when pow ends you know whats going to happen so look at it as a blessing bro

I posted this previously but here it is again

Check the addy and txids its legit boys.


Some people have still not understood what its going on.

f**k, this will be a painful month, where is all this hash power comming from..... its frikin insane.

when we hit 10 million XC coin.

maybe one month later.

good question. may some genius answer this question.

we can collect questions and ask dev

https://pool.trademybit.com/pools/XC

27G

This is interesting. It's nice to get a look at the blockchain from a test.

So transactions get shuttled around and split up through multiple addresses. Won't this create even more bloat than ring signatures, if every transaction goes through x30 addresses? That could be a problem down the line.

when does the mineing period actually end?

pools info:

suprnova: Pool Hash Rate 24,144.874 MH / s

maxminers: Pool Hash Rate 1,473.599 MH / s

minep: Pool Hash Rate 1,18 gh / s

coinmine: Pool Hash Rate 2.94GH / S

Other mineral pool is large hash rate temporarily not found

i am not a nerd. but the dev said something supernode and dual path/multi path communications

It works by using quantum superposition.  Right after you hit Send in the wallet, you stop observing the transaction, so that causes the transaction to exist in all of its theoretical possible states, which in turn obfuscates the sending address.  Then on the receiving end, you observe it again as it comes into your other wallet, thereby collapsing the transaction back to a measurable state where you will one day in the future be able to use said transaction to buy beer and firearms.  Actually just kidding I don't know how it works :p

so we reduce the mining period!

ge men ni shi nawei'a shou yi bucuo b