I've read your teaser PDF, Justin's emission schedule post, and various other posts. I can see that, if the project develops as intended, there could be interesting applications.

I have two questions for you.

First, I am curious how you expect token price to interact with inflation. Considering that inflation will be ~100% for the first couple of years and still quite high for another 5 years after that, demand will need to increase very fast to prevent token depreciation. Do you consider that realistic? Currently, EFYT tokens are selling for more than $1.50, which is high for an unproven project if we consider that the final supply will be nearly 100M. What incentive is there to purchase EFYT now, instead of waiting for the supply to increase and the price to drop as impatient investors wait for adoption? (To be clear, I'm not suggesting that the project won't succeed, but you know how impatient crypto people are.)

Second, is there anywhere where I can learn about the token economics for Ergs in detail? I understand that users can lock Ergs temporarily, but what about fees, etc.?

Thanks and good luck.

Did it sync before, or is this the first time you've opened the wallet?

Couple things to try:

• Reindex by downloading and installing the latest snapshot: http://178.254.23.111/~pub/PIVX/Daily-Snapshots-Html/PIVX-Daily-Snapshots.html
• Add

to your conf file to ensure that you have access to as many peers as possible.

• Go on Discord if you're still having issues, as there's a lot more activity there.
  

Already been mentioned a little bit, but just so that it's more visible:

PIVX is now listed on Bithumb

https://bithumb.cafe/archives/40640

(During the last 24h period, Bithumb had the second-highest reported volume among all exchanges: https://coinmarketcap.com/exchanges/volume/24-hour/all/ )

Kind of a big deal for PIVX:

https://zdex.exchange/

If you have no idea what this is, here's some background: https://bitcoinexchangeguide.com/pivx-to-launch-zdex/

In addition to the positive news regarding PIVX's likely partnership with Numo (look back a few posts if you missed it), here's some positive news about the progress of zDex and its release schedule:

https://imgur.com/a/mjco5ob

Some positive news regarding PIVX and Numo Mobile Money, a Canadian mobile wallet and payment solution:

https://forum.pivx.org/t/mobile-payments-pivx-6000-fiat-to-piv-locations-soon-piv-to-fiat-boom/4480

From the Numo - PIVX alliance proposal:


More on Numo:

https://www.getnumo.com/home
https://medium.com/@getnumo/our-team-69c3055345ca

Say what now?

(For the non-bots out there: PIVX used the Quark algorithm during its PoW phase, and changed to PoS in August 2016)

THC shilling aside, you first asked this question more than a year ago so it's obviously been weighing on your mind. During that time, have you gone onto Discord, where 99% of the PIVX community operates, and spoken directly with one of the Devs? If not, consider doing so. They will be able to give you a much more authoritative answer.

https://discordapp.com/invite/jzqVsJd

Take a minute to think about the bigger picture here.

1. The entire crypto market is down, and especially alts. What's happening is not unique to PIVX.

2. People act like Dec/Jan was the 'correct' valuation of crypto, and that therefore something is now wrong. That is BS. Prices were speculative then and they're speculative now. Most projects are still far from mainstream adoption, and only adoption will lead to stable valuation that reflects actual utility. Until that happens, sure, take advantage of opportunities to buy low and sell high, but don't pretend that the prices actually mean anything.**

3. Out of several thousand crypto projects, PIVX is in the top 100 (so, let's say 95th to 98th percentile). This is despite the fact that it isn't a first mover in its space, and is a currency, which is an especially challenging niche. It has a good team, an active community, and has remained true to its vision since the start. What more can you reasonably expect? It's not Bitcoin or Ethereum, and it's not going to become those any time soon, either. But that doesn't mean something is wrong.

**OK, there is one real effect, not of the prices themselves but of the specific pattern of prices over the past year: The speculative bubble of Dec/Jan probably slowed the process of crypto adoption by scaring away 'average' investors. It will take longer for investors to forget that bad experience than it would have if prices had remained stable, and that's unfortunate. But that's the reality we're in now.

Unfortunately, you're looking at outdated information--and you're right, there are a few places where the info needs to be updated, so it's not your fault at all for thinking this.

The TL;DR is that with the implementation of zPiv staking earlier this year, the reward system changed slightly. See my recycled response below--the second half may be more technical than you need, but the first half addresses your question:

PIVX transfers are generally pretty instantaneous, so there is probably something else going on here (e.g., I transferred some yesterday; it took a couple of seconds between wallets and a couple of minutes to Binance. And, in 2.5 years of using PIVX, I don't think I've ever had a transfer take more than a few minutes).

- Were you withdrawing from an exchange to your wallet? If so, there can certainly be delays, but those are typically related to the exchange processing your request. Also, what exchange did you use? This can make a big difference.
- Did you check the tx id on a block explorer to confirm that it was indeed processed? And of course your wallet is fully synced, yes? That takes a couple of hours if you're starting a new desktop instance from scratch.
- The fractional mint is weird; I don't have an explanation for that. Rewards come in a set size of 2.xx Piv, so getting half a Piv implies something else is going on.

Most importantly, have you gone on Discord? In order of activity, it's Discord >>> Reddit > BCT. You'll get a faster answer from much more knowledgeable people there.

I'm guessing @migz meant here (1726 at this moment, but there's always a bit of fluctuation): http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html

PIVX has had masternodes for as long as it has existed (early 2016). This is NOT a new feature. Typing 'PIVX masternode' into Google will give you a lot more info, but here are two resources:

General info: https://pivxmasternode.org/

Rewards monitor: http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html

1. As you likely know, the price of almost all cryptos remains speculative. Most projects are still months or years away from delivering on whatever it is they are promising to do. So, it's probably better to think in terms of potential growth and adoption of a project, rather than in terms of USD pricing. A project might, hypothetically, grow well relative to other cryptos and achieve significant adoption, yet find a valuation below where it is today. We just don't know. (Also, short term, there's going to be a bumpy ride until there's concrete news about the BTC ETF approval: if it's approved, BTC may spike at the expense of all alts for a while; if it's not approved, BTC may falter, also at the expense of alts.)

1a. PIVX's run from ~0 to ~$2 or $3 was largely driven by discovery. PIVX was known as DarkNet Coin initially and, while signs of its potential were there from the start, there were a lot of shitcoins around so market skepticism was high. The rebrand to PIVX, plus an initial marketing push, made a lot of investors go 'Whoa, this project is actually really good'. So you might say this initial rise was driven mostly by PIVX's own merits. On the other hand, the rise from $2 or $3 to > $13.50 was purely driven by overall market speculation and FOMO in late 2017/early2018.

2. This is the master sheet comparing privacy coins: https://docs.google.com/spreadsheets/d/1-weHt0PiIZWyXs1Uzp7QIUKk9TX7aa15RtFc8JJpn7g/edit#gid=237137882 It was developed collaboratively and is as close to impartial information as you're going to find in the crypto space. Perhaps it will help you in your analysis.

3. There are other good privacy coin projects out there. Most represent some kind of tradeoff between security and convenience as a currency; others focus on serving as a secure platform. I am certainly not going to suggest that other projects are crap or that PIVX is clearly the best. But, factoring everything in, I think a reasonably objective case can be made that PIVX is in the top 3 - 5 'best' privacy coins, insofar as it has strong features, fast transfer speeds, reasonable ease of use, a full-time, professional team, and a great community (again, review the spreadsheet for specifics). And it is arguably the 'best' Proof-of-Stake privacy coin. The question then becomes, relative to the 2 - 4 OTHER coins that might be in the 'best' conversation, how does PIVX's future growth potential stack up? Aside from continuing to rank among the most secure privacy coins, PIVX has some other important features ahead (https://pivx.org/what-is-pivx/roadmap/ )--for example, the zDEX decentralized exchange. How do you feel about those planned features?

4. Ultimately, the answer to your question depends on a) how you feel about PIVX's upcoming features vs. the 'competition'; b) how you feel about PIVX's marketing of those features vs. the marketing of other projects (e.g., a 'worse' project could still beat a 'better' one if it succeeds in capturing users' attention better; conversely, a project that has not yet begun to strongly market itself might have more room for growth than one that is already well-known); and c) how you feel about the privacy coin space as a whole (will it grow? become marginalized due to regulations? something else?).

5. Finally, my personal opinion, with the caveats that it is not advice, I am not an expert, and you should DYOR and reach your own conclusions. You mentioned that the current price seems a bit high. Again, I would argue that we can't say much about 'high' or 'low' in a fundamentally speculative market, but whatever PIVX is, I don't think it is out of line vs. other privacy coins--i.e., I don't think it's MORE overvalued; if anything, I'd say its relatively low profile makes it somewhat undervalued vs. other options (at least the well-known ones). Its privacy features are right up there with the best. In terms of growth potential, I think there is more room for growth with PIVX than for, say, Monero, but whether it actually achieves that growth is another matter. I absolutely think the PIVX team will deliver on its promises; they've always done that and I see no reason for them to stop (and I've been here pretty much since the beginning). But delivering on promises doesn't necessarily translate to mainstream adoption, and PIVX doesn't have first-mover advantage. So, while I think PIVX will do well in the future, it may not do very well unless a) one of its new features (e.g., zDEX) turns out to be unexpectedly super-awesome, or b) the privacy coin space does especially well vs. other projects. Personally, I think that both the privacy coin space and the currency space will be somewhat niche markets in future, and that blockchain's primary use-cases will fall in the utilities. That puts me in the awkward position of, on the one hand, thinking that PIVX is a great project with a great community and devs and strong roadmap for the future and, on the other hand, thinking that despite all of this, there are some red flags regarding the sector of the market that it is courting. So the most honest answer I can give is that I think PIVX is definitely worth investing in IF you believe in the future of private currencies. All crypto investments are risky bets; all we can do is assess the risks as best we can, and make the choices we consider least risky relative to the potential reward. (Disclosure: I continue to hold PIVX. Not as much as I once did, but still. It will always have a special place in my heart, whatever happens.)

Sure, as do all protocols. But assuming you're referring to the research published on April 12th of this year (https://www.chaac.tf.fau.eu/2018/04/12/zerocoinzcoinpivxzoinsmartcashhexxcoin-attack/), you may find the PIVX team's response, published on the very same day, enlightening:

https://www.reddit.com/r/pivx/comments/8bvf8r/how_todays_zerocoin_article_relates_to_pivx/

So, you're a bot, eh? What a bizarre, verbatim plagiarism of me from more than two years ago:

The see-saw mechanism was removed when zPiv staking was implemented; the TL;DR reason is that zPiv requires whole numbers, whereas the see-saw results in constantly varying fractions. You can read more, and view the block reward distribution, here: https://pivx.org/zpos/

You'll note that MNs are favoured over stakers for normal Piv, whereas stakers have an advantage over MNs when staking zPiv. This is in line with PIVX's overall view that stakers are the primary validators on the network, while MNs provide an additional 'bonus' level of security and facilitation.

It's been a PIVX idiosyncrasy for a long time that hard, unplanned shutdowns on Windows sometimes/often result in a corrupted blockchain that needs to be re-synced. The devs improved the situation with the 3.1 release, but it's not fixed in all cases, obviously. There was a recent complaining session on Reddit about the issue (https://www.reddit.com/r/pivx/comments/8qv36o/pivx_block_database_corrupts_to_damn_easily/). Basically, the devs are aware and are working to make things better, but there's no magic bullet for now because reasons.

That said, there are things that, while not complete solutions, do make the most of the situation:

- Disable all automatic 'update' functions on your staking computer (or anything else that might cause it to restart);
- Use a laptop or other battery-backed-up device for staking, so that power outages don't shut the wallet down;
- Consider using Linux instead of Windows, if possible;
- In other words (says Captain Obvious) do whatever you can to reduce unplanned shutdowns.

If you do need to resync,

- As DRPD noted above, use the daily snapshot (http://178.254.23.111/~pub/PIVX/Daily-Snapshots-Html/PIVX-Daily-Snapshots.html);
- Ensure your staking device has some hardware overhead (i.e., not just bare minimum specs) to reduce orphans;
- To ensure the most efficient syncing, include in your .conf file (you'll need to restart the wallet after editing the .conf).

You might also want to run in the console to make sure you aren't accidentally banning peers that don't need to be banned (more connections = faster sync).

Sorry guys, my memory is out of date and I don't have a Linux box at the moment to play around with and dig further. Your best bet will be to go on Discord; you should get a response there within a few minutes (hours at most).