Dev could you give us an idea of how many coins are expected within the first half year, year and 2nd year ?
Heard something like 70 million in a year, way too much.
double that actually, we've done over 3 million in 6 days.
Topic: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine - page 139. (Read 578501 times)
August 04, 2014, 01:49:42 PM
Heard something like 70 million in a year, way too much.
double that actually, we've done over 3 million in 6 days.
August 04, 2014, 01:45:25 PM
Dev could you give us an idea of how many coins are expected within the first half year, year and 2nd year ?
Heard something like 70 million in a year, way too much.
double that actually, we've done over 3 million in 6 days.
August 04, 2014, 12:43:21 PM
Miners dream, investors nightmare, too many inflation, i´m out and wait for the miners dumps.
Sorry for who bought at 14k.
Nastradamus mode ON Sorry for who bought at 14k.
August 04, 2014, 12:28:40 PM
Does the old data include individual transactions and are those transactions incorporated into the master hashes?
yes, old data have anything. You could retrieve it anytime you want.
August 04, 2014, 12:26:44 PM
I guess if old blockchain data is deleted, it kind of makes this anonymous and untracable 
Not really. People can save the old data, and even create a collaboration portal where blockchain chunks are uploaded to create an unbroken chain from day one for the purpose of reducing this coins anonymity abilities.
August 04, 2014, 12:12:08 PM
Miners dream, investors nightmare, too many inflation, i´m out and wait for the miners dumps.
Sorry for who bought at 14k.
Nastradamus mode ON Sorry for who bought at 14k.
August 04, 2014, 12:09:21 PM
Dev could you give us an idea of how many coins are expected within the first half year, year and 2nd year ?
Heard something like 70 million in a year, way too much.
I guess if old blockchain data is deleted, it kind of makes this anonymous and untracable
No you got it wrong, old block chain data is NOT deleted, you only decide not to store it (but other people do), instead you store an account table which list every address' balance (as far as i understand the scheme).
XCN is NOT anonymous and untracable.
August 04, 2014, 11:56:12 AM
Miners dream, investors nightmare, too many inflation, i´m out and wait for the miners dumps.
Sorry for who bought at 14k.
Sorry for who bought at 14k.
August 04, 2014, 11:46:40 AM
>:(So big hash
August 04, 2014, 11:43:15 AM
wtb gpu miner
please pm
please pm
August 04, 2014, 11:21:21 AM
1 - You cannot change the final amount of coins after the social contract for a coin has been set in place. Once a coin is released that will mint X amount of coins then the wheels are set in motion, this is a basic principle that even Satoshi talked about. If the creator of this coin then changed the final amount of coins or changed the inflation amount after the coin has been released, they are effectively creating a premine. A premine is bad, it'll kill all legitimacy for this coin.
2 - If you don't like the inflation rate, please fork this coin and release it under a new name.
3 - The creator specifically wanted high inflation for a fairer long term useage. You're currently asking for something that is against one of the primary purposes of this coin. You need to research about what a coin's creator intended in their coin before complaining about one of its primary objectives.
+1
XCN is what it is. The whole concept has been considered by the developers, buyers and miners make their choices.
+10,000
This answers 90% of the questions in the thread.
August 04, 2014, 11:04:57 AM
I guess if old blockchain data is deleted, it kind of makes this anonymous and untracable
Not really. People can save the old data, and even create a collaboration portal where blockchain chunks are uploaded to create an unbroken chain from day one for the purpose of reducing this coins anonymity abilities.
August 04, 2014, 11:03:19 AM
this coin is to hot , erveryone go to buy somethings . 
August 04, 2014, 10:52:19 AM
I guess if old blockchain data is deleted, it kind of makes this anonymous and untracable
August 04, 2014, 10:33:39 AM
what about change the total coins? 1 billion really too much 
You're an idiot. It does not matter where you put the decimal point.
well the ppl care about inflation is a idoit? what level of brain damage you are?
maybe we can discuss this problem of inflation
Inflation is not a problem. It is a fact, and a way to gain an edge in disribution. I am strongly in favour of inflation (in the early years of a coin)
August 04, 2014, 10:31:58 AM
what about change the total coins? 1 billion really too much
You're an idiot. It does not matter where you put the decimal point.
well the ppl care about inflation is a idoit? what level of brain damage you are?
maybe we can discuss this problem of inflation
what about change the total coins? 1 billion really too much
You're an idiot. It does not matter where you put the decimal point.
well the ppl care about inflation is a idoit? what level of brain damage you are?
1 - You cannot change the final amount of coins after the social contract for a coin has been set in place. Once a coin is released that will mint X amount of coins then the wheels are set in motion, this is a basic principle that even Satoshi talked about. If the creator of this coin then changed the final amount of coins or changed the inflation amount after the coin has been released, they are effectively creating a premine. A premine is bad, it'll kill all legitimacy for this coin.
2 - If you don't like the inflation rate, please fork this coin and release it under a new name.
3 - The creator specifically wanted high inflation for a fairer long term useage. You're currently asking for something that is against one of the primary purposes of this coin. You need to research about what a coin's creator intended in their coin before complaining about one of its primary objectives.
+1
XCN is what it is. The whole concept has been considered by the developers, buyers and miners make their choices.
August 04, 2014, 10:29:58 AM
So, XCN coin limit 100x higher than XMR, XMR price 60x bigger than XCN. I guess this shit qualifies as fully pumped. right ? From now on it's basically "buy it when you need it", it's uselles as a store of value...
Yea like any other alt is a store of value. It'll take a year just to get to the level of coins bc has. Get over the total coin count guys. Nobody bitches about all the pos coins coming out everyday that get 10 million mined in 3 days.At 1 year out, current price values market cap at ~$8m. Not extreme for the concept. That means 80% of those coins have still to be mined/distributed in the next 12 months : the slower steady distribution is a positive. I am a buyer.
~$8m is not extreme for the concept at this moment. Imagine in a year, when btc marketcap could be 500 billion.
Yes, true, but 500BN is a bit of a stretch. My own guess is that BTC will be around 10bn in a year. The alternative concept coins will gain relatively to that ,and most of the clones, lacking sufficient support, will fade away. OCICBW
August 04, 2014, 10:28:06 AM
Nice, all I did was close and re-open it and this happened.
August 04, 2014, 10:23:58 AM
what about change the total coins? 1 billion really too much
You're an idiot. It does not matter where you put the decimal point.
well the ppl care about inflation is a idoit? what level of brain damage you are?
maybe we can discuss this problem of inflation
what about change the total coins? 1 billion really too much
You're an idiot. It does not matter where you put the decimal point.
well the ppl care about inflation is a idoit? what level of brain damage you are?
1 - You cannot change the final amount of coins after the social contract for a coin has been set in place. Once a coin is released that will mint X amount of coins then the wheels are set in motion, this is a basic principle that even Satoshi talked about. If the creator of this coin then changed the final amount of coins or changed the inflation amount after the coin has been released, they are effectively creating a premine. A premine is bad, it'll kill all legitimacy for this coin.
2 - If you don't like the inflation rate, please fork this coin and release it under a new name.
3 - The creator specifically wanted high inflation for a fairer long term useage. You're currently asking for something that is against one of the primary purposes of this coin. You need to research about what a coin's creator intended in their coin before complaining about one of its primary objectives.
I guess his primary purposes is creat a coin to mine? whatever it is, I don't care, I got enough profit already and I'm going to find next coin has no gaint inflation like this
August 04, 2014, 10:05:54 AM
what about change the total coins? 1 billion really too much
You're an idiot. It does not matter where you put the decimal point.
well the ppl care about inflation is a idoit? what level of brain damage you are?
maybe we can discuss this problem of inflation
what about change the total coins? 1 billion really too much
You're an idiot. It does not matter where you put the decimal point.
well the ppl care about inflation is a idoit? what level of brain damage you are?
1 - You cannot change the final amount of coins after the social contract for a coin has been set in place. Once a coin is released that will mint X amount of coins then the wheels are set in motion, this is a basic principle that even Satoshi talked about. If the creator of this coin then changed the final amount of coins or changed the inflation amount after the coin has been released, they are effectively creating a premine. A premine is bad, it'll kill all legitimacy for this coin.
2 - If you don't like the inflation rate, please fork this coin and release it under a new name.
3 - The creator specifically wanted high inflation for a fairer long term useage. You're currently asking for something that is against one of the primary purposes of this coin. You need to research about what a coin's creator intended in their coin before complaining about one of its primary objectives.
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