[XSPEC] Spectrecoin | Untraceable Tx | Ring Signatures | Tor Integration - page 41.

mandica

hero member

Activity: 693

Merit: 508

Quote from: Mrboot on March 20, 2017, 10:43:15 AM

Quote from: mandica on March 20, 2017, 10:40:33 AM

Quote from: Mrboot on March 20, 2017, 10:19:08 AM

This coin raised 18 btc right ? So all coins are devided between those 18 btc so , more then 1 million for each btc

Thats insane bad start.

A little adversity never hurt anyone. We will not give up and we have some other funding as well in donations so we are on the right track now and will get the updates out soon.

I dont mean the amount raised i mean that 1 btc owns millions, A fair distribution is important. Now its only making the ico holders rich and thats all basicly.

The coins will spread over time and if someone decides to dump it will stabilise again so I am not too worried about that now.

Mrboot

legendary

Activity: 1204

Merit: 1000

Quote from: mandica on March 20, 2017, 10:40:33 AM

Quote from: Mrboot on March 20, 2017, 10:19:08 AM

This coin raised 18 btc right ? So all coins are devided between those 18 btc so , more then 1 million for each btc

Thats insane bad start.

A little adversity never hurt anyone. We will not give up and we have some other funding as well in donations so we are on the right track now and will get the updates out soon.

I dont mean the amount raised i mean that 1 btc owns millions, A fair distribution is important. Now its only making the ico holders rich and thats all basicly.

mandica

hero member

Activity: 693

Merit: 508

Quote from: Mrboot on March 20, 2017, 10:19:08 AM

This coin raised 18 btc right ? So all coins are devided between those 18 btc so , more then 1 million for each btc

Thats insane bad start.

A little adversity never hurt anyone. We will not give up and we have some other funding as well in donations so we are on the right track now and will get the updates out soon.

Mrboot

legendary

Activity: 1204

Merit: 1000

This coin raised 18 btc right ? So all coins are devided between those 18 btc so , more then 1 million for each btc

Thats insane bad start.

krile

hero member

Activity: 746

Merit: 500

Quote from: mandica on March 20, 2017, 03:01:30 AM

Quote from: krile on March 20, 2017, 02:46:53 AM

Quote from: mandica on March 20, 2017, 02:43:10 AM

Quote from: krile on March 20, 2017, 02:37:57 AM

Got lured here from the SDC thread

I like it but one question:

Quote from: mandica on December 04, 2016, 06:17:47 PM

	Specifications	Value
	Total number of coins:	20,000,000 XSPEC
	Ideal block time:	300 seconds (5 minutes)[/td]
	Stake interest:	5% annual static inflation
	Confirmations:	6 blocks
	Maturity:	288 blocks (24 hours)
	Min stake age:	8 hours

https://github.com/spectrecoin/spectre/blob/master/src/main.h#L60

Code:

inline unsigned int GetTargetSpacing(int nHeight) { return Params().IsProtocolV2(nHeight) ? 64 : 60; }

What is up with this? Its 1 minute, not 5minutes.

So many coins are doing this recently. Saying its x minutes blocktime but do not bother to change that in the code. This line was unchanged when forked from blackcoin obviously.

Yes, that's an oversight, you are actually the first to point that out. It hasn't been seen as a critical issue so has been left. We are currently finishing off a new Windows version and some Tor upgrade so will have a look at block time. Grin

I am usually the guy pointing things like this out lol, usually I get my posts deleted. Thank you for not deleting

Just realized there is no cap on the maximum amount of coins in the code. And there is more than 20M in the supply already. So also what is up with that?

Maybe change the specs in the ANN to match the actual specs, it will be better for the coins reputation long term. There are probably more people like me around that actually look at the code

You are right, there is meant to be a static 5% per year so no set maximum coins but it will take many years to get a significant increase in supply. The idea is that more people will use the coin and so this and inflation will offset this. It could be decided in a year or two to reduce reward if that seems sensible. We started with 20 mill.

By rough calculations, this coin is getting 500,000 new coins first year, 512500 second year, 525312 third year...etc and exponentially up (considering that only 50% are staking which is usually the case with PoS coins, if all 100% coins are staking you can double that number).

Well anyway I just wanted to point this out. Will buy some and join the staking. The dev not deleting posts is always a good sign

mandica

hero member

Activity: 693

Merit: 508

Quote from: krile on March 20, 2017, 02:46:53 AM

Quote from: mandica on March 20, 2017, 02:43:10 AM

Quote from: krile on March 20, 2017, 02:37:57 AM

Got lured here from the SDC thread

I like it but one question:

Quote from: mandica on December 04, 2016, 06:17:47 PM

	Specifications	Value
	Total number of coins:	20,000,000 XSPEC
	Ideal block time:	300 seconds (5 minutes)[/td]
	Stake interest:	5% annual static inflation
	Confirmations:	6 blocks
	Maturity:	288 blocks (24 hours)
	Min stake age:	8 hours

https://github.com/spectrecoin/spectre/blob/master/src/main.h#L60

Code:

inline unsigned int GetTargetSpacing(int nHeight) { return Params().IsProtocolV2(nHeight) ? 64 : 60; }

What is up with this? Its 1 minute, not 5minutes.

So many coins are doing this recently. Saying its x minutes blocktime but do not bother to change that in the code. This line was unchanged when forked from blackcoin obviously.

Yes, that's an oversight, you are actually the first to point that out. It hasn't been seen as a critical issue so has been left. We are currently finishing off a new Windows version and some Tor upgrade so will have a look at block time. Grin

I am usually the guy pointing things like this out lol, usually I get my posts deleted. Thank you for not deleting

Just realized there is no cap on the maximum amount of coins in the code. And there is more than 20M in the supply already. So also what is up with that?

Maybe change the specs in the ANN to match the actual specs, it will be better for the coins reputation long term. There are probably more people like me around that actually look at the code

You are right, there is meant to be a static 5% per year so no set maximum coins but it will take many years to get a significant increase in supply. The idea is that more people will use the coin and so this and inflation will offset this. It could be decided in a year or two to reduce reward if that seems sensible. We started with 20 mill.

krile

hero member

Activity: 746

Merit: 500

Quote from: mandica on March 20, 2017, 02:43:10 AM

Quote from: krile on March 20, 2017, 02:37:57 AM

Got lured here from the SDC thread

I like it but one question:

Quote from: mandica on December 04, 2016, 06:17:47 PM

	Specifications	Value
	Total number of coins:	20,000,000 XSPEC
	Ideal block time:	300 seconds (5 minutes)[/td]
	Stake interest:	5% annual static inflation
	Confirmations:	6 blocks
	Maturity:	288 blocks (24 hours)
	Min stake age:	8 hours

https://github.com/spectrecoin/spectre/blob/master/src/main.h#L60

Code:

inline unsigned int GetTargetSpacing(int nHeight) { return Params().IsProtocolV2(nHeight) ? 64 : 60; }

What is up with this? Its 1 minute, not 5minutes.

So many coins are doing this recently. Saying its x minutes blocktime but do not bother to change that in the code. This line was unchanged when forked from blackcoin obviously.

Yes, that's an oversight, you are actually the first to point that out. It hasn't been seen as a critical issue so has been left. We are currently finishing off a new Windows version and some Tor upgrade so will have a look at block time. Grin

I am usually the guy pointing things like this out lol, usually I get my posts deleted. Thank you for not deleting

Just realized there is no cap on the maximum amount of coins in the code. And there is more than 20M in the supply already. So also what is up with that?

Maybe change the specs in the ANN to match the actual specs, it will be better for the coins reputation long term. There are probably more people like me around that actually look at the code

mandica

hero member

Activity: 693

Merit: 508

Quote from: krile on March 20, 2017, 02:37:57 AM

Got lured here from the SDC thread

I like it but one question:

Quote from: mandica on December 04, 2016, 06:17:47 PM

	Specifications	Value
	Total number of coins:	20,000,000 XSPEC
	Ideal block time:	300 seconds (5 minutes)[/td]
	Stake interest:	5% annual static inflation
	Confirmations:	6 blocks
	Maturity:	288 blocks (24 hours)
	Min stake age:	8 hours

https://github.com/spectrecoin/spectre/blob/master/src/main.h#L60

Code:

inline unsigned int GetTargetSpacing(int nHeight) { return Params().IsProtocolV2(nHeight) ? 64 : 60; }

What is up with this? Its 1 minute, not 5minutes.

So many coins are doing this recently. Saying its x minutes blocktime but do not bother to change that in the code. This line was unchanged when forked from blackcoin obviously.

Yes, that's an oversight, you are actually the first to point that out. It hasn't been seen as a critical issue so has been left. We are currently finishing off a new Windows version and some Tor upgrade so will have a look at block time. Grin

Andri.Ghani

sr. member

Activity: 518

Merit: 250

Hello dev..
ico this is working or not? I just recently saw about building a video campaign..!!

krile

hero member

Activity: 746

Merit: 500

Got lured here from the SDC thread

I like it but one question:

Quote from: mandica on December 04, 2016, 06:17:47 PM

	Specifications	Value
	Total number of coins:	20,000,000 XSPEC
	Ideal block time:	300 seconds (5 minutes)[/td]
	Stake interest:	5% annual static inflation
	Confirmations:	6 blocks
	Maturity:	288 blocks (24 hours)
	Min stake age:	8 hours

https://github.com/spectrecoin/spectre/blob/master/src/main.h#L60

Code:

inline unsigned int GetTargetSpacing(int nHeight) { return Params().IsProtocolV2(nHeight) ? 64 : 60; }

What is up with this? Its 1 minute, not 5minutes.

So many coins are doing this recently. Saying its x minutes blocktime but do not bother to change that in the code. This line was unchanged when forked from blackcoin obviously.

Zer0Sum

legendary

Activity: 1588

Merit: 1000

Quote from: Gandalf86 on March 15, 2017, 01:15:19 AM

Quote from: electronicash on March 14, 2017, 11:24:48 PM

this coin rise up last week what is going on? i haven't read much of this coin since the day its been doing ico. what differences does this one provide where the sdc, xmr and dash don't? is there also a forum dedicated for this coin?

1. Just someone accumulating coins probably.

2. Differences are Spectre.Cash which is a mobile app for remittance. Also a difference in the backbone network (Spectrecoin) is that it's tightly integrated with Tor, everything is on Tor, always.

3. No forum, but we have a Slack.

Nice summary

The user base of Shadow feels betrayed that the Devs of SDC suddenly decided to go mainstream with PART...
There should be a lot of folks in the Shadow community that value a commitment to anon = XSPEC

mandica

hero member

Activity: 693

Merit: 508

~~HIRING: Windows expert / QT5 / Webkit~~ https://bitcointalksearch.org/topic/hiring-windows-qt5-qtwebkit-build-expert-wanted-done-1830130[/s]

tradwork

newbie

Activity: 42

Merit: 0

Quote from: PiotrZielinski on January 24, 2017, 10:08:02 PM

Big things happening for this coin, it's a silent giant that is highly undervalued right now. Will be improving on the AnonAlts with some great features!

yes of course good things will take time and we have to wait over it with good patient.

Gandalf86

hero member

Activity: 1330

Merit: 515

Coin Mage

Quote from: electronicash on March 14, 2017, 11:24:48 PM

this coin rise up last week what is going on? i haven't read much of this coin since the day its been doing ico. what differences does this one provide where the sdc, xmr and dash don't? is there also a forum dedicated for this coin?

1. Just someone accumulating coins probably.

2. Differences are Spectre.Cash which is a mobile app for remittance. Also a difference in the backbone network (Spectrecoin) is that it's tightly integrated with Tor, everything is on Tor, always.

3. No forum, but we have a Slack.

electronicash

legendary

Activity: 3178

Merit: 1054

this coin rise up last week what is going on? i haven't read much of this coin since the day its been doing ico. what differences does this one provide where the sdc, xmr and dash don't? is there also a forum dedicated for this coin?

DRPD

legendary

Activity: 1148

Merit: 1001

Quote from: mandica on March 14, 2017, 04:15:22 PM

We are communicating, we are working on the update etc. and will do a full update when we release the new version. In the meantime, there isn't too much to say. If I knew exactly when we would be able to solve the pertinent issues I would say so, but as things sometimes takes longer than expected there is no point in making empty updates. Things take time.

cool just do your thing. i prefer dev's working in background instead of creating hype and hanging around here if there is nothing important to say
good things need time ...

imjustsayintho

sr. member

Activity: 343

Merit: 250

Quote from: Alteredcoins on March 14, 2017, 03:47:11 PM

Seeing as how the Devs have been generalky nonexistent, none of the initial investors seem to know what's the reasoning, there has been no announcements or activity on Twitter or otherwise, it is very safe to assume this is a manipulation. The questions are these: will this pricing sustain itself until the next release of mystery timing, or will it drop as people understand this isn't real movement. Does this help or hurt overall confidence in the coin? And is this the endgame from whoever was pressuring the price down the past weeks and accumulating, or is this the beginning? It's anybody's guess, but, yes, it is very unlikely there is sudden quiet interest in this coin. Another guess is that someone tried to push the price down below 1000 sats and realized there was not much to accumulate at that price, so they moved it to a price early investors might be more likely to let go of coins for. As time goes on, this coin gets harder to read, especially with Devs that seem bothered by the idea of communicating clearly with their investors.

Speak for yourself....the devs have a low priority or even care about market movement. They didn't premine this coin and enrich themselves and nearly 100% of the coins went to the initial investors. If you know crypto, anything is possible...look at pascal coin, namecoin/pivx recently...there was sudden interest lately. The great thing about spectre is that it doesn't require hype or devs responding to every slack posting....once the product is fully completed I believe you'll hear from the devs more often. None of the ico investors have raised any issues in a private slack....My advice to you is to stop speculating and grab some xspec.

Gandalf86

hero member

Activity: 1330

Merit: 515

Coin Mage

Quote from: mandica on March 14, 2017, 04:15:22 PM

We are communicating, we are working on the update etc. and will do a full update when we release the new version. In the meantime, there isn't too much to say. If I knew exactly when we would be able to solve the pertinent issues I would say so, but as things sometimes takes longer than expected there is no point in making empty updates. Things take time.

Just what I wanted to reply as well. I don't feel badly informed, devs are working, everything is fine. Having a transparent development process, public bug tracking etc. is always nice but not really necessary. The price is doing what it wants, people may play with it, it doesn't really matter except for traders who can trade the swings. Wink

Price is speculation on the short term, but will be directed by the project progress on the long term. That's the essence of investing vs. trading. Smart people do both.

mandica

hero member

Activity: 693

Merit: 508

We are communicating, we are working on the update etc. and will do a full update when we release the new version. In the meantime, there isn't too much to say. If I knew exactly when we would be able to solve the pertinent issues I would say so, but as things sometimes takes longer than expected there is no point in making empty updates. Things take time.

Alteredcoins

newbie

Activity: 30

Merit: 0

Seeing as how the Devs have been generalky nonexistent, none of the initial investors seem to know what's the reasoning, there has been no announcements or activity on Twitter or otherwise, it is very safe to assume this is a manipulation. The questions are these: will this pricing sustain itself until the next release of mystery timing, or will it drop as people understand this isn't real movement. Does this help or hurt overall confidence in the coin? And is this the endgame from whoever was pressuring the price down the past weeks and accumulating, or is this the beginning? It's anybody's guess, but, yes, it is very unlikely there is sudden quiet interest in this coin. Another guess is that someone tried to push the price down below 1000 sats and realized there was not much to accumulate at that price, so they moved it to a price early investors might be more likely to let go of coins for. As time goes on, this coin gets harder to read, especially with Devs that seem bothered by the idea of communicating clearly with their investors.

Topic: [XSPEC] Spectrecoin | Untraceable Tx | Ring Signatures | Tor Integration - page 41. (Read 115693 times)