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Showing 11 of 11 results by Fakmi Ifajno
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Topic
Board Announcements (Altcoins)
Re: Idena is the first Proof-of-Person Blockchain
by
Fakmi Ifajno
on 18/05/2020, 18:18:29 UTC
And where is volume for all?Don't lie and say true.Where is your diagram about network growth this time?

Where is your psychiatrist? Don't lie and say true.
Did your take your pills today? Don't lie and say true.

How is it possible that your brain generated the causal sequence in which I am obliged to upload reports on network grow no later than 24 hours after validation?

Speaking of which:

https://i.imgur.com/wvjP8WP.png

2329 nodes and ~1% grow. Not bad considering no hype-generating news recently and price drop to 1000 sat. Looks like every chart needs to cool down sometimes (just like between 24-29 epoch)

c'mon man why are you so aggressive :-), but really!

Other thing is that to have 20 000 nodes we need at least 0.5$ per DNA (or real use case that will make people stay) and few medium-size listings might be necessary but only when network grow is slowing down. It isn't now.
https://i.imgur.com/b2Nll5e.png
When listing will be necessary for network Andrew will be ready:

Quote
When are you going to start with listing Idena on bigger exchanges with more volume?
We are in contact with some bigger exchanges that could be interested and are ready to support our project. Any inputs from the community would be helpful here.
Can you tell us the names of exchanges in contact which could possibly list DNA?
Some of them are Tier 1, we cannot disclose the information now.
https://medium.com/idena/april-22-2020-idena-ama-transcript-cbdfc33fbbdb

Now it's a good time for medium size exchange listing considering dynamics of network grow but progress in sharding development is also a key here:

Quote
We estimate the limit at about 8–10k nodes. Further network growth will require sharding.
https://medium.com/idena/april-22-2020-idena-ama-transcript-cbdfc33fbbdb
Listing strategy

We do not plan to proactively look for new exchanges to list the DNA coin in the near future. However, we will be happy to support listing initiatives from exchanges and provide the required support and guidance for the Idena node integration.

This up is from 26 Feb, and 2 Months later:

''When are you going to start with listing Idena on bigger exchanges with more volume?
We are in contact with some bigger exchanges that could be interested and are ready to support our project. Any inputs from the community would be helpful here.
Can you tell us the names of exchanges in contact which could possibly list DNA?
Some of them are Tier 1, we cannot disclose the information now.''
Who knows what is next!
Post
Topic
Board Announcements (Altcoins)
Re: Idena is the first Proof-of-Person Blockchain
by
Fakmi Ifajno
on 18/05/2020, 18:10:26 UTC
And where is volume for all?Don't lie and say true.Where is your diagram about network growth this time?

Where is your psychiatrist? Don't lie and say true.
Did your take your pills today? Don't lie and say true.

How is it possible that your brain generated the causal sequence in which I am obliged to upload reports on network grow no later than 24 hours after validation?

Speaking of which:

https://i.imgur.com/wvjP8WP.png

2329 nodes and ~1% grow. Not bad considering no hype-generating news recently and price drop to 1000 sat. Looks like every chart needs to cool down sometimes (just like between 24-29 epoch)

c'mon man why are you so aggressive :-), but really!

Other thing is that to have 20 000 nodes we need at least 0.5$ per DNA (or real use case that will make people stay) and few medium-size listings might be necessary but only when network grow is slowing down. It isn't now.
https://i.imgur.com/b2Nll5e.png
When listing will be necessary for network Andrew will be ready:

Quote
When are you going to start with listing Idena on bigger exchanges with more volume?
We are in contact with some bigger exchanges that could be interested and are ready to support our project. Any inputs from the community would be helpful here.
Can you tell us the names of exchanges in contact which could possibly list DNA?
Some of them are Tier 1, we cannot disclose the information now.
https://medium.com/idena/april-22-2020-idena-ama-transcript-cbdfc33fbbdb

Now it's a good time for medium size exchange listing considering dynamics of network grow but progress in sharding development is also a key here:

Quote
We estimate the limit at about 8–10k nodes. Further network growth will require sharding.
https://medium.com/idena/april-22-2020-idena-ama-transcript-cbdfc33fbbdb


Post
Topic
Board Announcements (Altcoins)
Re: Idena is the first Proof-of-Person Blockchain
by
Fakmi Ifajno
on 18/05/2020, 08:22:07 UTC
No wonder after I passed the validation I checked the contact page to see if I can give an invite code and have seen I have none, I barely pass the validation, but there are many changes in the validation, I wonder if it is profitable to host your node in VPS seeing that the rewards in mining is not at it used to be back when we are just starting out.

(51 840 * 0,5 / 2026 * 0,12$) * 30 - 5$ (per VPS per month) = 41$ monthly profit (and up to 140$ from flips, invitations, validations) - So My answer to your question "I wonder if it is profitable to host your node in VPS" is - hell yea it is.
And where is volume for all?Don't lie and say true.Where is your diagram about network growth this time?
Post
Topic
Board Announcements (Altcoins)
Re: Idena is the first Proof-of-Person Blockchain
by
Fakmi Ifajno
on 31/03/2020, 12:17:36 UTC
With 1$ DNA price and 10k nodes you will have 150$ monthly for 15 min quiz once per 2 weeks. People work in shoe factory in third world country for 10h daily for less than that.
I would continue to support IDENA even with 5$ per month.

This is what a supporter looks like! GZ
I know what you mean, I will also be around even if DNA price will be the same as it is now and 100.000 nodes will be up an running.
I just like the project! Period!  Cool

Omg,i can't believe what i'm reading.

36mil premine minimum!?

Started from epoch 6 on 22.09.2019 and mined for month without telling anyone!

First mention from AndrewIdena on bitcointalk 22.10.2019 (I apologize if i'm wrong).

I have also screenshot from one member where he telling that reb0rn asking him when to tell others for Idena and he answer:just wait 'till we mine some more haha...
It's a community!!
Post
Topic
Board Announcements (Altcoins)
Re: Idena is the first Proof-of-Person Blockchain
by
Fakmi Ifajno
on 31/03/2020, 10:04:00 UTC
IDENA NOT FAIR FOR INVITATION CODE , only old member and multyple user always get code invitation from admin. I user indonesia and join group telegram get kicked from admin  Cheesy
bad project

Yes this is definitely bad project for you. Based on the entry in your trust summary you would rather choose and promote ponzi shame.

"multyple user" - yhy.. in proof of person blockchain.

"join group telegram get kicked from admin" - I'm more than sure that you was kicked because you didn't pass bot test.


More than 5K will make running a node unattractive for many.

With current price that is undervalued based on $2M marketcap and 1300 uniqe and equal nodes!

I don't think we will see more than 10-20K nodes, since the return will start to get very low after at 1$ price.
Omg,i can't believe what i'm reading.
36mil premine minimum!?
Started from epoch 6 on 22.09.2019 and mined for month without telling anyone!
First mention from AndrewIdena on bitcointalk 22.10.2019 (I apologize if i'm wrong).


With 1$ DNA price and 10k nodes you will have 150$ monthly for 15 min quiz once per 2 weeks. People work in shoe factory in third world country for 10h daily for less than that.
I would continue to support IDENA even with 5$ per month.


Post
Topic
Board Announcements (Altcoins)
Re: Idena is the first Proof-of-Person Blockchain
by
Fakmi Ifajno
on 29/03/2020, 14:13:58 UTC
ALL OFF THEM WILL DUMP IN 1 DAY AND WE ALL BE DOOMED. Man ... most of them won't be in top 100 any more. One will dump at 0.2 other in 0.4 and another one in 0.5. Few of them on 1$. Some of them will w8 for 2$ ... 5$ etc. Some of them already sold half or more. Some of them just bought. Its normal than one man is selling so other can buy.

Same can be said with every other cryptocurrency. It's like you would say in 2010 "Anyone mining bitcoin is insane because you are mining 50 btc if you are lucky and satoshi has 1 000 000. Stop mining bitcoin ... what will happened when satoshi will dump it?"


You are not kind at all.

Do not tell what's happened with btc,i am not blind.You are talking all the time that you are different,so just prove it,that is all.




Post
Topic
Board Announcements (Altcoins)
Re: Idena is the first Proof-of-Person Blockchain
by
Fakmi Ifajno
on 29/03/2020, 13:37:40 UTC
0.5 DNA is reward if the network have 100 000 nodes.It is about 15 DNA/month.

How much price of 1 DNA must be to keep all that people to mine and how do you think achieve that?
Thanks

If it will grow to top 100 CMC we will have 100 000 nodes.

Top 100 CMC is ~$30M marketcap. Lets assume circulating supply around 30M (rest will still be locked) we have 1$ per DNA. It's enough to have 100 000 nodes. This will be 15$ per month. People do much more for that than taking part in 1 validation per 45 days. 20 min of quiz time once per 45 days.



Plus laptop running every single day?

What do you think this adresses( https://scan.idena.io/#topaddress ) will do when 1 DNA = 1 usd is?
 
And how will that impact on the price and will of new miners and automatically on complete network?
Post
Topic
Board Announcements (Altcoins)
Re: Idena is the first Proof-of-Person Blockchain
by
Fakmi Ifajno
on 29/03/2020, 12:49:35 UTC
I guess I don't understand why their is an issue with one person being able to contribute to a network more than another person if they are contributing more computing power?

You are asking why we try to build Proof of Person (breakthrough technology) that can be actually scalable, honest, fair instead of burning earth supply just to guess random number faster than others which will allow us to mine block? This computing power is not doing anything more. Idena is the most decentralized project with the most fair mining structure and still only few knew about it. If it will grow to top 100 CMC we will have 100 000 nodes. Can you imagine network that has 100 000 equal votes?

Can you imagine that someone participating in the network with 0.5 DNA daily reward in the project wich had 36 mil DNA premine?(A premine or instamine is where the developer or developers don't release the crypto currency in what can be considered a fair manner.)

0.5 DNA is reward if the network have 100 000 nodes.It is about 15 DNA/month.

How much price of 1 DNA must be to keep all that people to mine and how do you think achieve that?

Thanks
Post
Topic
Board Announcements (Altcoins)
Re: Idena is the first Proof-of-Person Blockchain
by
Fakmi Ifajno
on 23/03/2020, 15:10:59 UTC
Interesting idea. Even the first page doesn't look appealing I will have a look into it.
At first glance looks unique, and because of this I'm tempted to buy some. Did you noted red flags?
Btw, is there other exchanges apart qTrade (I never used them), do I need to KYC in there in order to deposit/withdraw?

There is a fixed cap for minting Idena coins equal to 51,840 DNA per day:

Block mining cap: 50%
Validation reward fund: 12%
Flip reward fund: 16%
Invitation reward fund: 16%
Idena foundation payouts: 5%
Zero wallet fund: 1%

Invitation reward fund: 32%
- A reward for the second validation of an invitee is 3 times bigger than a basic reward for a validated Candidate.
- A reward for a Verified invitee is 6 times bigger than a basic reward for a validated Candidate.

Total premint size: 36,000,000 DNA
Premint structure:
Core team allocation: 17,250,000 DNA
Early investors allocation: 7,065,000 DNA
Ambassadors fund: 365,000 DNA
Reserved for 2020 runway funding: 3,000,000 DNA
Reserved for 2021–2022 runway funding: 8,320,000 DNA

No,there is no Red Flags.

Thanks for the detailed info about mining and rewards distribution @Fakmi Ifajno
I have one more question about Early investors allocation: Is the sale finished or is ongoing? Or this means else?

No one knows,you can not find transactions on https://scan.idena.io/#topaddress
Post
Topic
Board Announcements (Altcoins)
Re: Idena is the first Proof-of-Person Blockchain
by
Fakmi Ifajno
on 12/03/2020, 13:43:27 UTC
Interesting idea. Even the first page doesn't look appealing I will have a look into it.
At first glance looks unique, and because of this I'm tempted to buy some. Did you noted red flags?
Btw, is there other exchanges apart qTrade (I never used them), do I need to KYC in there in order to deposit/withdraw?

There is a fixed cap for minting Idena coins equal to 51,840 DNA per day:

Block mining cap: 50%
Validation reward fund: 12%
Flip reward fund: 16%
Invitation reward fund: 16%
Idena foundation payouts: 5%
Zero wallet fund: 1%

Invitation reward fund: 32%
- A reward for the second validation of an invitee is 3 times bigger than a basic reward for a validated Candidate.
- A reward for a Verified invitee is 6 times bigger than a basic reward for a validated Candidate.

Total premint size: 36,000,000 DNA
Premint structure:
Core team allocation: 17,250,000 DNA
Early investors allocation: 7,065,000 DNA
Ambassadors fund: 365,000 DNA
Reserved for 2020 runway funding: 3,000,000 DNA
Reserved for 2021–2022 runway funding: 8,320,000 DNA

No,there is no Red Flags.
Post
Topic
Board Announcements (Altcoins)
Re: Idena is the first Proof-of-Person Blockchain
by
Fakmi Ifajno
on 10/03/2020, 09:35:04 UTC
Can someone send me an Invitation Code, please?
Also if I activate the code and be online part-time, and solve the flip on time, will I get terminated?

Thanks
Inviter can terminate your invitation in any time he want until you become verified person. You are under his control and depend on him.
You are not protected.
And this completely contradicts what is written in idena manifest - "web without servers and censors, blockchain mining must be democratic, decentralization..."

After the candidate passed the first validation no one can terminate your identity. Your inviter can only delete you from his contact list and even if this is possible, who are in their right mind that will do this since every successful validation of your invites gives you idena rewards upto 3 epochs.

One of my invite is already on its age 2 and i receive a total of 500 idena from his last 2 validations.


https://scan.idena.io/identity?identity=0x73114916905cc87e7e0987092b2cdf786c41c03d

How this one is killed?