Here is a picture of the sun:
Both are clearly yellow. So don't eat banannas or else you WILL burn your mouth.
This logic has been brought to you by youngmike.
Topic: [ANN][XST] Stealth-Coin.com | Tor | StealthText, World's first anonymous SMS Tx! - page 258. (Read 748616 times)
September 10, 2014, 02:04:47 AM
Here is a picture of a bannana:
Here is a picture of the sun:
Both are clearly yellow. So don't eat banannas or else you WILL burn your mouth.
This logic has been brought to you by youngmike.
Here is a picture of the sun:
Both are clearly yellow. So don't eat banannas or else you WILL burn your mouth.
This logic has been brought to you by youngmike.
September 10, 2014, 01:38:57 AM
September 10, 2014, 01:36:37 AM
This coin deserves to be twice its current value. Count me in.
Hell yeah. This coin reminds me of VRC.
September 10, 2014, 01:33:26 AM
Just one question: How is this coin going to support annual inflation of 20%?
That's the APR on staked coins, not the inflation. The inflation is much lower.
Please teach me what you mean. The staking is 20% on 20M coins that 4M a year or 250K a month.
So what do you mean?
EDIT: Oh you mean because not all coins are staked that the inflation is lower?
Exactly. Only something like 20-25% are staked of any coin. So the true inflation is about 4-5%. I read about this on another coin (SSD), but it comes from Hondo. He thinks about stuff like this.
https://bitcointalksearch.org/topic/m.8343688
Quote
A far better written explanation of Earnings and Losses of PoS Stakeholders than I had. Care of Hondo.
Typically only about 25% of the money supply for a given Proof-of-Stake (PoS) coin is subject to continuous staking. This "fractional staking" leads to (1) gains for those who stake (minters) and (2) losses for those who don't (non-minters). Fractional staking therefore results in wealth transfer from non-minters to minters because inflation of the money supply is lower than it would be if the entirety of the money supply were continuosly staked.
To understand how wealth is transferred, it is helpful to quantify wealth as an individual's ownership of the total money supply of a given coin. For example, if an individual holds 1000 coins of a money supply of 100,000, then the individual's wealth is quantified as 1%.
The following example uses a 20% APY as an example because this value typically leads to a reasonable inflation rate of about 5% per year, given that all coins are subject to approximately the same fractional staking of 25%.
Note the following values:
Using these values, the relative wealth of a minter after one year is 114% (120% / 105%). In other words, a minter who stakes continuously grows wealth at the rate of 14% per year. Thus, a minter of a coin with a 20% APY doesn't just keep up with inflation, but beats it by 14%!
On the other hand, a non-minter loses wealth over time. After a year, a non-minter's total coins is 100% of what it was at the beginning of the year. Therefore, a non-minter's drops to 95.2% during this time, losing wealth at the rate of 5% per year.
It is also possible to calculate a non-minter's losses in terms of forgone profits, which is 19.7% ([114% - 95.2%] / 95.2%). Thus, a non-minter could have nearly 20% more wealth if they had staked their coins ([114% - 95.2%] / 95.2%). Not coincidentally, these lost profits are approximately equal to the nominal APY.
Typically only about 25% of the money supply for a given Proof-of-Stake (PoS) coin is subject to continuous staking. This "fractional staking" leads to (1) gains for those who stake (minters) and (2) losses for those who don't (non-minters). Fractional staking therefore results in wealth transfer from non-minters to minters because inflation of the money supply is lower than it would be if the entirety of the money supply were continuosly staked.
To understand how wealth is transferred, it is helpful to quantify wealth as an individual's ownership of the total money supply of a given coin. For example, if an individual holds 1000 coins of a money supply of 100,000, then the individual's wealth is quantified as 1%.
The following example uses a 20% APY as an example because this value typically leads to a reasonable inflation rate of about 5% per year, given that all coins are subject to approximately the same fractional staking of 25%.
Note the following values:
- Total money supply after 1 year: 105% (5% inflation)
- Relative number of coins after one year for a minter: 120% (20% APY)
- Relative number of coins after one year for a non-minter: 100%
Using these values, the relative wealth of a minter after one year is 114% (120% / 105%). In other words, a minter who stakes continuously grows wealth at the rate of 14% per year. Thus, a minter of a coin with a 20% APY doesn't just keep up with inflation, but beats it by 14%!
On the other hand, a non-minter loses wealth over time. After a year, a non-minter's total coins is 100% of what it was at the beginning of the year. Therefore, a non-minter's drops to 95.2% during this time, losing wealth at the rate of 5% per year.
It is also possible to calculate a non-minter's losses in terms of forgone profits, which is 19.7% ([114% - 95.2%] / 95.2%). Thus, a non-minter could have nearly 20% more wealth if they had staked their coins ([114% - 95.2%] / 95.2%). Not coincidentally, these lost profits are approximately equal to the nominal APY.
September 10, 2014, 01:28:21 AM
Just one question: How is this coin going to support annual inflation of 20%?
That's the APR on staked coins, not the inflation. The inflation is much lower.
Please teach me what you mean. The staking is 20% on 20M coins that 4M a year or 250K a month.
So what do you mean?
EDIT: Oh you mean because not all coins are staked that the inflation is lower?
September 10, 2014, 01:27:04 AM
Just one question: How is this coin going to support annual inflation of 20%?
That's the APR on staked coins, not the inflation. The inflation is much lower.
September 10, 2014, 01:24:23 AM
This coin deserves to be twice its current value. Count me in.
After looking around I think this will be the first alt coin I invest in. Looks like the developer is active and delivers. Wish me luck!
You wont need luck with xst, but good luck anyway and welcome to the team.
+1
September 10, 2014, 01:19:28 AM
The person who made the video of the StealthText transaction in Iran asked for a modest bounty, so we voted to give 2000 XST from the premine.
The transaction ID for this transaction is afa61f2bca588fde36cc056de1952d2f92df67d1bc76a10fd653828812d1f1f3
The ledger will be updated shortly.
We were also asked for a bounty for the code review. The devs and a few investors paid this from pocket. The devs paid 1 BTC out of pocket, but will reimburse themselves from the premine when the price is higher to lessen the impact on the premine. We will post that transaction when we make it.
The transaction ID for this transaction is afa61f2bca588fde36cc056de1952d2f92df67d1bc76a10fd653828812d1f1f3
The ledger will be updated shortly.
We were also asked for a bounty for the code review. The devs and a few investors paid this from pocket. The devs paid 1 BTC out of pocket, but will reimburse themselves from the premine when the price is higher to lessen the impact on the premine. We will post that transaction when we make it.
Just one question: How is this coin going to support annual inflation of 20%?
I'm not sure how the dynamics will work, but the coin will be burning into POW with StealthSend.
As long as there is 20% staking return, I look at it as more a penalty to keep your coins on exchange.
Some inflation is good and at today's numbers were talking about 250K new coins a month if every single coin was staked, but they are not and even 250K new coins a month is nothing especially with all the interest this coins is about to receive.
September 10, 2014, 01:19:06 AM
Stealthcoin is "the coin of the week" on http://bitcoin.new-aeon-design.com/blog/coin-of-the-week-stealthcoin-xst/! Check it out.
Nice! It will end up being "coin of the year".
"coin of the decade" lol
+1 lol
September 10, 2014, 01:12:11 AM
This coin deserves to be twice its current value. Count me in.
After looking around I think this will be the first alt coin I invest in. Looks like the developer is active and delivers. Wish me luck!
You wont need luck with xst, but good luck anyway and welcome to the team.
September 10, 2014, 01:09:23 AM
This coin deserves to be twice its current value. Count me in.
After looking around I think this will be the first alt coin I invest in. Looks like the developer is active and delivers. Wish me luck!
I think this will be a great first investment for you! It's looking like a nice steady rise north from here.
https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FxVdq65H.gif%26t%3D544%26c%3DJJoRpIW-669x6g&t=544&c=k5mxuH7Xj-zOwg
September 10, 2014, 01:03:37 AM
Stealthcoin is "the coin of the week" on http://bitcoin.new-aeon-design.com/blog/coin-of-the-week-stealthcoin-xst/! Check it out.
Nice! It will end up being "coin of the year".
"coin of the decade" lol
September 10, 2014, 01:03:11 AM
This coin deserves to be twice its current value. Count me in.
After looking around I think this will be the first alt coin I invest in. Looks like the developer is active and delivers. Wish me luck!
September 10, 2014, 01:02:19 AM
The person who made the video of the StealthText transaction in Iran asked for a modest bounty, so we voted to give 2000 XST from the premine.
The transaction ID for this transaction is afa61f2bca588fde36cc056de1952d2f92df67d1bc76a10fd653828812d1f1f3
The ledger will be updated shortly.
We were also asked for a bounty for the code review. The devs and a few investors paid this from pocket. The devs paid 1 BTC out of pocket, but will reimburse themselves from the premine when the price is higher to lessen the impact on the premine. We will post that transaction when we make it.
The transaction ID for this transaction is afa61f2bca588fde36cc056de1952d2f92df67d1bc76a10fd653828812d1f1f3
The ledger will be updated shortly.
We were also asked for a bounty for the code review. The devs and a few investors paid this from pocket. The devs paid 1 BTC out of pocket, but will reimburse themselves from the premine when the price is higher to lessen the impact on the premine. We will post that transaction when we make it.
Just one question: How is this coin going to support annual inflation of 20%?
I'm not sure how the dynamics will work, but the coin will be burning into POW with StealthSend.
As long as there is 20% staking return, I look at it as more a penalty to keep your coins on exchange.
September 10, 2014, 01:01:36 AM
Ok.. so who can fill me on on the latest stealthcoin news?
be welcome, Bobsurplus.
Nice to see you here.
As promised, here is the whitepaper brief that describes StealthSend.
https://www.dropbox.com/s/do4urdefwoungjz/Stealthsend-Whitepaper-Brief-201409.pdf?dl=0
September 10, 2014, 12:59:08 AM
The person who made the video of the StealthText transaction in Iran asked for a modest bounty, so we voted to give 2000 XST from the premine.
The transaction ID for this transaction is afa61f2bca588fde36cc056de1952d2f92df67d1bc76a10fd653828812d1f1f3
The ledger will be updated shortly.
We were also asked for a bounty for the code review. The devs and a few investors paid this from pocket. The devs paid 1 BTC out of pocket, but will reimburse themselves from the premine when the price is higher to lessen the impact on the premine. We will post that transaction when we make it.
The transaction ID for this transaction is afa61f2bca588fde36cc056de1952d2f92df67d1bc76a10fd653828812d1f1f3
The ledger will be updated shortly.
We were also asked for a bounty for the code review. The devs and a few investors paid this from pocket. The devs paid 1 BTC out of pocket, but will reimburse themselves from the premine when the price is higher to lessen the impact on the premine. We will post that transaction when we make it.
Just one question: How is this coin going to support annual inflation of 20%?
Not everyone stake. Say only about 10 to 20% are stakes and these people getting reward big.
If only 10-20% stakes, the blockchain is not secure at all and can be easily and successfully attacked... furthermore, why would people not stake when they can make 20% for sure? That makes no sense...
I don't know much about attack but I don't think much of the people is stake their coins, I also don't think there is any 51% attack for POS coin. Most left on exchange for day/night trading.
If you check POS coins like XC(0.08) and Vericoin(0.09) they have much lower stakes, Stealthcoin getting about 0.2, more inflation would encourage more people to stake, equal healthy chain. I remembered XC last big dump was coins stuck and can't move because not many people stake during HUGE PUMP. After the coins moved people are dumps like crazy! From .005 to .002 in instant, cryptsy people say the wallet or code is broken(fork) but it wasn't and people got panic.
September 10, 2014, 12:57:08 AM
The person who made the video of the StealthText transaction in Iran asked for a modest bounty, so we voted to give 2000 XST from the premine.
The transaction ID for this transaction is afa61f2bca588fde36cc056de1952d2f92df67d1bc76a10fd653828812d1f1f3
The ledger will be updated shortly.
We were also asked for a bounty for the code review. The devs and a few investors paid this from pocket. The devs paid 1 BTC out of pocket, but will reimburse themselves from the premine when the price is higher to lessen the impact on the premine. We will post that transaction when we make it.
The transaction ID for this transaction is afa61f2bca588fde36cc056de1952d2f92df67d1bc76a10fd653828812d1f1f3
The ledger will be updated shortly.
We were also asked for a bounty for the code review. The devs and a few investors paid this from pocket. The devs paid 1 BTC out of pocket, but will reimburse themselves from the premine when the price is higher to lessen the impact on the premine. We will post that transaction when we make it.
Just one question: How is this coin going to support annual inflation of 20%?
Not everyone stake. Say only about 10 to 20% are stakes and these people getting reward big.
If only 10-20% stakes, the blockchain is not secure at all and can be easily and successfully attacked... furthermore, why would people not stake when they can make 20% for sure? That makes no sense...
I'm staking like a champ!
September 10, 2014, 12:55:28 AM
The person who made the video of the StealthText transaction in Iran asked for a modest bounty, so we voted to give 2000 XST from the premine.
The transaction ID for this transaction is afa61f2bca588fde36cc056de1952d2f92df67d1bc76a10fd653828812d1f1f3
The ledger will be updated shortly.
We were also asked for a bounty for the code review. The devs and a few investors paid this from pocket. The devs paid 1 BTC out of pocket, but will reimburse themselves from the premine when the price is higher to lessen the impact on the premine. We will post that transaction when we make it.
The transaction ID for this transaction is afa61f2bca588fde36cc056de1952d2f92df67d1bc76a10fd653828812d1f1f3
The ledger will be updated shortly.
We were also asked for a bounty for the code review. The devs and a few investors paid this from pocket. The devs paid 1 BTC out of pocket, but will reimburse themselves from the premine when the price is higher to lessen the impact on the premine. We will post that transaction when we make it.
Just one question: How is this coin going to support annual inflation of 20%?
Not everyone stake. Say only about 10 to 20% are stakes and these people getting reward big.
If only 10-20% stakes, the blockchain is not secure at all and can be easily and successfully attacked... furthermore, why would people not stake when they can make 20% for sure? That makes no sense...
September 10, 2014, 12:52:31 AM
The person who made the video of the StealthText transaction in Iran asked for a modest bounty, so we voted to give 2000 XST from the premine.
The transaction ID for this transaction is afa61f2bca588fde36cc056de1952d2f92df67d1bc76a10fd653828812d1f1f3
The ledger will be updated shortly.
We were also asked for a bounty for the code review. The devs and a few investors paid this from pocket. The devs paid 1 BTC out of pocket, but will reimburse themselves from the premine when the price is higher to lessen the impact on the premine. We will post that transaction when we make it.
The transaction ID for this transaction is afa61f2bca588fde36cc056de1952d2f92df67d1bc76a10fd653828812d1f1f3
The ledger will be updated shortly.
We were also asked for a bounty for the code review. The devs and a few investors paid this from pocket. The devs paid 1 BTC out of pocket, but will reimburse themselves from the premine when the price is higher to lessen the impact on the premine. We will post that transaction when we make it.
Just one question: How is this coin going to support annual inflation of 20%?
Not everyone stake. Say only about 10 to 20% are stakes and these people getting rewards big.
If you check POS coins like XC(0.08) and Vericoin(0.09) they have much lower stakes, Stealthcoin getting about 0.2, more inflation would encourage more people to stake.
September 10, 2014, 12:52:20 AM
Everyone's face when pookie tried to prove his point with a 6 hour bittrex graph to predict the market until November.
Here's pookie trying to explain his TA next week:
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