Topic: [Whitepaper][POSW] POSW COIN | The World's First Trustless Profit-Driven Economy (Read 21020 times)

This thread will be closing as the PoSW team is transitioning into XSN. The new XSN thread can be found here: https://bitcointalk.org/index.php?topic=3213013.new#new

What about xsn directly for sale for usd on stakenet.io along with the staking services? 

pretty sure noone will vote to get a coin added, that is being swapped away at the moment. but keep this information going. so we know how much this exchange - and you - bother about checking/researching coins

PoSW Coin Community Announcement: Vote for POSW to be listed on CryptalDash.com Exchange.

PoSW Coin has been featured in the New Coin Listing Competition, this is your chance to grow the market cap and liquidity pool of PoSW Coin.

Support your coin by voting now, voting ends in 8 days. (PoSW Coin is currently in last place with 0 votes)
https://www.cryptaldash.com/new-coin-listing

posw is being swapped to xsn right now, so it will be gone for good soon, and hopefully the xsn-team decides to just let poswallet.com (and any of their great service-site ideas) die. poswallet.com was nothing less than a pain in the ass since about april/may 2017. and quite impressively got only worse for about a year. Or to put it in another way: roadmap items from posw, which just disappeared: eth integration, staking anything but posw, exchange, marketplace, debit card, ….
the only thing that was delivered was “poswallet2.0”, which worsened the gui, reset the verification (oh was I happy I never sent posw back there after the downgrade), and finalized the “community oriented” “profit driven” coins main site as an online staking wallet. And there is still not even a roadmap for the site. So if developed, we will get some kind of surprise egg

So if the site is good for anything, it obviously is for depleting the value of a coin, which has been developed for real [was not believing them after all their delays and questionable poswallet2.0 release] and offers trustless pos and masternodes. But that’s about it. There is no seesaw mechanism (was changed for a 45-45-10 split (stakes&masternodes 45% and 10% for the treasury), and there will be a rather “fun” challenge system, which will be used to change the requirements (ram/cpu) for masternodes as devs like (just have a look at their discord). To be fair, the reason given for that, is that with ccpos and other roadmap items mn will have to perform more complex calculations, but the communication was as posw as possible – so people learned about that after they swapped and were told there was seesaw for about half a year.  

Another fun part about xsn is, that there is a premine of 76.5m (https://github.com/X9Developers/XSN#coin-specs). There have been a few millions added at devs will, because 5m dev fund and 1.5m hardwarefund (plus 10% of all blockrewards with xsn) are just not enough… if the circulating supply was around 44.1m (cmc did not update this very often, lets say the last update was a year ago) so it should be around 1% more because of staking -> around 48mill. Dividends were paid, lets say 2m (about 0.5%) were dividends, makes 50m. Plus the funds 56.5m. So 76.5m premine minus 56.5m gives us another whopping 20m for the devs(i guess it is safe to assume that they were premining). But they get 10% of every reward (first month  around 216.000 xsn) - at least they wont have to die from starvation.

Marketing has to suffer of course, since there are no funds available to market the coin, maybe the treasury should be 90% and 5% for mn/staking. But poswweekly is back with the shortest article up until now and is just explaining, why seesaw is not used. Posweekly is back after 3months nothing and has lost its quality as well, after changing the meaning of the attribute weekly. Yeah.

Bloggers best dont write about posw/xsn because every info you give gets changed anyways. A rather adventurous reinterpretation from the q1 top 10 exchange listing (was posted in their discords announcements) also took place, since the team has decided that livecoin.net is the new exchange listing. Also the delays of this project are legendary.

The swap itself was and is being handled very amateurish and after 4 months of testnet, I was under the impression, that there will be a wallet, which has all promised functions integrated. But now we are at wallet version 1.04, still no tpos gui, which was promised for last week, and we will get v1.0.5 (maybe with tpos gui?) soon presumably. Updating the wallet every other week just shows, that the testnet was not used for developing, but as a time waster for the community.

there will be another swap on livecoin ?

Soon they will, they test it

Does anyone know if you can swap from https://xsncoin.io/ yet? I could've sworn I saw a reddit post saying that was an option, but no mention of it on site that I could find...

The swap 4 was OK.

Will there be a swap 5, due to the limit of cryptopia I could not transfer all my POSW ....

what is stake reward % per year now?

you have to join telegram. this thread in here is not maintained in a high extend right now

I looked through the whole topic, but did not find something on which exchanges had already been listed this coin?

Just did mine at livecoin.net, was smooth as silk.

Not a lot of reply about the swap ...

Thanks for this informaiton, I just have uploaded my POWS to livecoin.net.
=> In regards to the swap. --> Will I get a notification when the coins are swapped to XSN ?

the first swap was OK ?

You got your XSN coins ?

Its really easy to create account on Livecoin exchange, just a few minutes, you only need to do it and send posw to Livecoin, all coin will be swapped automatically. Or wait for the XSN website.

approx a week after the date they gave;

quite impressive how a swap has been in the talks since september 2017 and the devs are not able to handle even one date. swap on march first? forget it. swap on the seventh - forget it, was done on the sixth; wallet will be released with swap... two days afterwards, but hey doesn't matter since the devs just dont give livecoin the ok for withdrawals...

i particularly dont like that there is no way of knowing the supply (or at least i was not able to get it through the console), when posw has a supply of about 240mill...

anyways posw/xsn team is handling their work as always - intransparent and tardy - but they seem to work

when will the new site be up so i can swap my posw?

So do people use PowS or This new swapped coin to stake other coins or only this coin? Maybe I should read the whitepaper before asking questions. Sounds like you get money from having this coin, whats it do.. does it give value to my other coins.. or is the value only in this coin, why not buy a coin that has real world use cases and sit on that?