Topic: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine - page 61. (Read 578501 times)

It's syncing fine now, thanks BF

Try running -resync and adding the nodes listed below. Also try doing what CasualSam mentioned: sync using cryptonited and then once fully synced switch to cryptonite-qt. It'll probably sync more smoothly and faster that way.

92.234.72.146:8253
58.58.56.226:8253
47.55.147.150:8253
77.58.253.73:8253
119.81.51.10:8253

Cryptonite has a dynamic maximum block size, meaning the block capacity will increase as the transaction rate increases.

Wallet out of sync.What is the problem ?



https://i.imgur.com/pAJX7Eh.png

7 tx/sec is limited by the block size of BTC.

Are there any estimates on how many transactions per second XCN could handle, if I understood correctly, Bitcoin can handle maximum of 7 tx/sec?

That's great news!   

I have been rolling my eyes at the clamor for XCN jumping on the anon bandwagon because of how many killer applications its safe zero conf spends+multisig+transparency already enable (decentralized poker/prediction markets/Starbucks) but CoinShuffle may change my mind.

Since mixing anon improves with more participants, I'm curious how much account tree bloat we are talking about if all tx are shuffled by default...

...And is there a way to charge for the value-added anon service to avoid tragedy-of-the-commons overuse?

I never rejected such an idea, I just said I'm not willing to run an official pool, I'd rather leave it to the professionals. But if a pool is willing to just give us a percentage of their revenue of course we would accept it and give them "official sponsorship" in return.

On an unrelated note, I just fixed a bug with the block explorer causing recently confirmed transactions to be briefly hidden on the address details page. For anyone running MiniExplorer just update the /inc/pages/address.inc.php file with the new one on github.

I do like the new tech and keep improving fundamental technology, however, all coins have the same destination, to be accepted by people and used by people. Getting a coin into everyone's daily life is really what people should think about, and DOGE really did a good job on that, I don't think we can simply ignore what DOGE has done, and even simply the other clone coins. This could be very much a needed process towards the future. Just simply think about linux distro, how many are there, ridiculous? People won't blame this much. What is important are people keep improving (aka cloning, sound ridiculous).

But this is the free rider problem. I know you've rejected this before but this could be solved by you being the official sponsor of one of the existing (non-1gh) pools. You would not need to do anything but accept a percentage of pool revenue to go towards development/marketing. The pool would benefit by the publicity of helping the development of cryptonite. If you could get Wolf0 to agree then all nvidia miners would gain more than the ~2% it would cost to participate in the pool. In no way am I proposing that you team up with me, but one of the established pool operators that are supporting XCN. Just an idea and I won't bring it up again.

Edit: Actually this doesn't even need your agreement. Why doesn't one of the existing pools who are trying to get off the ground donate a percentage of revenue towards the cryptonite fund? I'm sure this would give any pool a considerable boost.

Yes I believe the CoinShuffle protocol (with some slight changes) would be compatible with the mini-blockchain scheme. The only issue I see with CoinShuffle is that it requires the generation of fresh output addresses, which will bloat the account tree. CoinShuffle kind of just spits out your mixed coins into a fresh address, and if I'm not mistaken the level of anonymity achieved really depends on how many people participate in the mixing process. I don't think it's a perfect match for the mini-blockchain scheme but it may prove to be the best possible solution because I'm not sure something better exists.

Like pounding sand for whipping the ocean, there is no point to advertising when the name sounds mostly/exactly like a family/POW of much more well known coins.  BF has made sure that XCN will live or die based only on its technological merits, not marketing.

Speaking of tech, are mini-blockchains compatible with CoinShuffle?  In my limited understand of the two, they seem like an ideal match.

bolded for double emphasis

The cryptonote algo raises suspicions among a lot of people. To give another coin almost the same name and ticker symbol seems like a mistake. Like naming a new sleep aid "Thalidomed". Probably not too many will buy based on the name until the distinction is clear and people know they are not both the same thing.

But the mini blockchain and willingness to take bigger innovative steps will overcome the handicap of a bad name. There only needs to be one positive article on a respected site that emphasizes the benefits of a small blockchain. Then blastoff.

Another point about marketing. If you are selling a car that looks like shit and gets two miles per gallon you must focus on marketing. But if you come out with a car that looks okay and gets fifty miles per gallon you need to focus on patience. Marketing will take care of itself. If someone sees an opportunity to emphasize that a coin exists now with a reasonably sized blockchain then mention it. No sensible person would ignore the first coin with a blockchain that can be downloaded in minutes instead of days.

Like I have said numerous times already, I simply don't have the funds necessary for a good marketing campaign, I've already spent a huge amount of money on development. Donate to the address at the bottom of the opening post if you want to help us change that. Or simply help spread the word yourself. This is a community open source project, don't expect us to do everything. We aren't a corporation trying to market a product, our focus is on innovation and development, not convincing you to buy our product. Even if I had thousands of dollars to spend on marketing I doubt it would make much difference, the altcoin scene is just so saturated right now, it's hard to tell the clone coins from the good stuff, 90% of the claims made by altcoins is exaggerated nonsense.

Having said that however, there may be some good exposure in the near future. I have recently been discussing a potential interview on the Beyond Bitcoin podcast (part of the Let's Talk Bitcoin Network). I believe that is quite a popular podcast and if I manage to get an interview it should help shine a bit more light on Cryptonite. But like I said there's only so much I can do, my personal funds are limited and my focus is not primarily on marketing. Keep in mind that community efforts can be very powerful, look how effectively all the DogeCoin fan boys spread the word of that stupid coin and some how made it popular. The world just isn't rational, society often likes stupid things but ignores things that are worth paying attention to.

Quoted for emphasis!

bitfreak, but they are right about marketing. Not a lot people are aware of cryptonite right now, and the name of this coin makes people confused too.

Maybe he is talking about mining or something else, anyway I loved much XCN.

What are you talking about, what is the "minority"? You can easily buy XCN on a number of different exchanges for what I believe is a very undervalued price. These miners with cheap energy are keeping the price low, so it's extremely easy to get.

Hard to tip when the mining is controlled by a minority causing it to be very hard to get

I was thinking cryptonite could become the "true" tipping currency. It doesn't have the rabid inflation and complete lack of features dogecoin has from being a bitcoin clone. It's mini blockchain would make it the perfect currency for micro transactions and tipping and such.