Topic: Nexus - Pure SHA3 + CPU/GPU + nPoS + 15 Active Innovations + More to Come - page 386. (Read 785531 times)

+1 as it was once said, "come together". =)

Well I can't say as you have my trust just yet as like what was said above, most are guilty until proven innocent in these parts.......and for good reason I suppose.  I will say however that I appreciate all your responses to this point including those that were not in response to my post.  I am also very intrigued by this concept, thanks for better clarification......it helped and now I might have to watch with both eyes.

I hope the intentions are true and the commitment to the cause stays!!  Sounds like something the crypto community could actually benefit from....something that seems a rarity to find around here at times.

It is thinking like this - always questioning - that allows one to expand in their consciousness. +1

A step in the right direction for sure. I don't believe for a second you have never made an account before though.
Red flag number 1.

I am generally an observer to the community, and this is my first user account here because this is the first time I have actually needed one. I'm glad you brought this to everybody's attention, as I foresaw this as being an issue. By the nature of how this system will work, yes there will need to be a level of trust involved. This trust is beginning to be established at this point in time, now that you raised the question of it. The way we have decided to deal with this issue is ABSOLUTE TRANSPARENCY. When the first channel opens, there will be an archive page started on main website of every single executed trade of SHIT DUMP, and every single executed BTC buy order. This will of course be in real time on the left sidebar of the channels for reference. The second point is I will design the channels to have one deposit address for the channel. This means that you will be able to see every single SHIT that is transfered to the channel, every single SHIT that is transfered to the exchange, and every single SHIT sell order. These numbers can be verified with the automation supplied on archives page, or by your own discretion if independent verification is chosen as the suited means for your veracity.

The trust can only be established over time, with transparency being the best means of expressing it.

Think Clearly, not Deeply ~ Videlicet

marked~~

For this to be anywhere remotely successful you need a lot of people to get on board. Your wanting 10btc buy walls.... that's a lot of exchanging going on.
Also, why should we trust you? Who's to say your not going to skim off the top before creating these buy walls?
Your trying to hold the decency flag that bit coin has but the sole reason bitcoin was invented is so you don't have to trust ANYONE with your money. Yet you want us to trust you. A Newb account. What's your real bitcointalk username? Your 'heavily' involved so what's your usual handle? Why create a new account?
And don't give me that 'I've been a developer for 10 years bull' on bitcointalk everyone should assume guilty before innocent.
Prove me wrong.

good idea, It looks like a multipool, but not use pow. ha， I think forbidden fake vote and avoid plagiarizing by other coin is very important

A] If you watch the timer for channel opening, the trade value of CSD/SHIT will be higher than going trade value at launch, so early entry means you are freed of your SHIT with PROFIT

B] If you hold CSD instead of SHIT after using channel, its value will increase from the CSD buy orders going in from the SHIT being dumped, and if you time it correctly, you can then have MORE PROFIT as CSD price will increase upon SHIT DUMP

C] You no longer have to convince yourself that what you hold has VALUE, because you will help clear away the SHIT from the economies, and gain a good investment in return.

I want to know, If i hold shitcoin, and want to sell it, why do not i sell in market to get btc? Why i should choose Coinshield channel system? what is advantage ？

Yes you are correct, 10 days is not enough time to implement a new POW for CPU's, though I have many ideas time is the one limited resource. Our aim with this coin is not so much on getting "hype" as much as being a stance at quality, and giving the community a voice. These qualities alone should bring the appropriate attention, not hype, because hype always dies off and is just a balloon full of air.

So why do you suggest adding a few algos to go to X14 rather than subtracting and or selecting a set of X5 or X7? What are the advantages/disadvantages in your opinion?

X7 or X5 is also a good idea. I have nothing against FPGA though I never had chance to work with one. I think it's a natural evolution that almost any algorithms that were implemented on GPU and worth mining can and will be also implemented on FPGA.

I have a good feeling about this coin and I like the idea.
In my opinion some new algorithms both for CPU and GPU can create some hype and also can bring attention of qualified developers in these fields, which is good.
As I wrote before, if you can and have time I would suggest a new X12 or X14 PoW just simply adding a new algo to the existing X11 or X13. Otherwise my suggestion is X13.
Regarding to the CPU PoW I like Riecoin so it's a good choice, but again if you can bring something new in this territory then would be nice. I guess 10 days is not enough time for such changes.

The CPU channel is using Riecoin pow. The GPU is actually now being discussed to be changed to Scrypt-N, what do you think the POW should be for the CPU and GPU Channels?

EDIT: Also considering reducing X11 to X7 or X5 to lower the margin between CPU and GPU miners, and make it more GPU friendly. But as sammy007 pointed out, it does make it FPGA friendly. I do not have any test data at the moment as to whether going towards X7 or X5 would have any effect on FPGA. Anyone?

I added this in the opening post. I hope it helps clear things up:
How It All Works:
Coinshield lets users vote in any shitcoin to our system. When a shitcoin is added to our site we open a "channel" for it. A channel will simply let you deposit the shitcoin to the system and in exchange give you CSD. If you accept the trade the system will then take your shitcoin and dump it on active buy orders. The BTC that is generated from this process will then be used to build buy walls for CSD. Here is a better breakdown on how it all works.
Please CLICK HERE for a quick overview on the trade in process flow.

I think those who can implement a new X(N) protocol on FPGA deserves to earn more, indifferently from which nation they are coming from.

Can we know more about the Prime number POW. Is it using similar algorithms like  primecoin or riecoin or is it something new? Primecoin is already GPU so if you want to stay CPU then I guess going in the direction similar to riecoin would be adviced, searching for huge primes which is still "hard" to implement on GPU.
If you are already implementing something new then I would also suggest implementing a new PoW also for GPU like X12 or X14 by adding an additional algo which can be easily implemented on GPU.

This is very good information, Thank You. Why do you suppose Scrypt-N is the best choice for GPU miners?

You shouldn't because X13 like every "new" X(N) are designed to be FPGA-friendly. really, stop all this XN rush. Haven't you see how difficulty rising to the moon in a few minutes after launch? Don't feed China.

Let me edit the post, and try to make it a bit clearer. Sorry about that.