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Was hoping a better comparison between the two actually. So how is SDC easy to use that XMR?
There is some basic comparison http://goo.gl/pEcRH2I would dispute the mining point, even though I have always resisted coins you couldn't mine.
If you look at the relative difficulty of either coin, mining vs. POS, you aren't going to make your fortune this way...
. That's why Monero mining possibility is considered as an advantage after all (it brings more potential users).Re: ★[ANN] [NAV] NAV COIN - ANONYMOUS TECH. ● ANDROID WALLET LIVE ● NAV 2.1 SOON
Can someone tell me why NAV is better than ShadowProject? Thank you.
Please see this post:
I have invested a pretty substantial amount of Bitcoin into NAV. Seems like it has a great community, and very active devs.... But, I'm starting to wonder if I've made a mistake. What features does NAV have that others don't? There are other anonymous coins. What features will NAV have that others won't? People seem to shy away from inflationary coins. Why go that route? Please help me feel comfortable with my NAV holdings. Again, I love how active the community and Devs are, but I still worry.
I think its a matter of different approaches to anonymous transactions. We use a secondary block chain called a "Subchain" to direct and manage our anonymous transactions as they are encrypted, randomised and routed through the Anonymous Network. This approach is unique to Nav Coin and it has some inherent benefits, the primary one being its resilience. The system runs purely off two block chains, not relying on a database or any extra data storage to mark transactions as "waiting to process" or "processed". This means if our anonymous servers were blocked / deleted / taken down / destroyed or whatever, we could simply start up a new server somewhere else, restore the wallet.dat files and the servers would resume processing transactions without loss and without needing to worry about backing anything else up apart from the wallet.dat files.
Secondly, because we use two block chains, we are able to break the transaction chain between sender and receiver. We have a pool of NAV waiting to be sent on the outgoing server, which can be sent as soon as the outgoing server receives the instruction from the subchain. It doesnt have to wait for the real NAV to arrive because of the nature of how block chains work and the way the server is coded, we can trust the amounts recorded to the subchain as correct and send the amount of NAV from the pool before the sent NAV arrive. This means the NAV recieved are not able to be traced back to the NAV which were sent no matter how hard you look at the NAV block chain.
Third, we are coming fast to the point where we can decentralise the anonymous network and allow other users to setup their own processing servers. When this happens, users will be able to earn NAV for processing transactions and we will become the first fully decentralised, double encrypted, anonymous system running purely off block chain tech! Wow, what a mouthful!
So that's the technology, lets talk about features.
We are working towards being the first anonymous crypto which can send anon transactions from the mobile wallet. That will be massive. As well as anonymous merchant integrations, the raspberry pi staking unit and a few other things currently on our road map: http://www.navcoin.org/projects
Even if you were just to consider us to have the same features as DASH or XMR, then that still makes us hugely undervalued by at least 10x - 100x
By the way, i think the other anon coins are great and you should definitely look into them. See if they fit your needs and if the technology fits your ideals. Having multiple options in the financial privacy sector of cryptocurrencies is definitely a good thing. If there was just one, then firstly there is no competition to innovate and secondly it becomes a single point of failure. We offer a secure alternative, based on different technology served in a way which we believe is the best approach. We are part of the array of tools you can use to protect your financial privacy on the internet and we support the efforts of all the other anon coins.
That's my 2c anyway
One more specific thing when I was trying NAV - http://www.navcoin.org/downloads offers you Linux Wallet Download but redirect you only to source code. That's not nice. People mostly don't wish to build anything they want just try. Especially when often there are building issues when you don't have reference OS. Would be nice to provide builds.
1) Yes, but if we're talking about a system which truly disconnects sender from receiver there needs to be some data store in the middle between the incoming and outgoing node other wise all transactions could just be traced back to sender (eventually) through the main blockchain. A common way to manage data for reading between two servers is a traditional database, something like MySQL. If you used a common database to be the middleman between incoming and outgoing nodes, then you leave yourself open to all sorts of known vulnerabilities. All someone would have to do is figure out how to inject some rows into the database and they could make your outgoing server send coins to them. Thus you would have departed from the vast majority of benefits of using blockchains in the first place. We get around this problem by using an encrypted subchain as this data store which both servers can read. As you know, blockchains are immutable and it is very difficult to fake records, plus they're fully restorable.
2) Great, glad you understand
3) Anyone who has the full node NAV client can be a part of the NAV network. But up until now, the only people who have the subchain and also the code which processes the anonymous transactions have been us. We have kept it private and offered a set of servers which were open to the public for anonymizing transactions. This will be how the new setup first launches, after that, we will create a distributable version of the anonymous transaction processing code which any user (with some crypto and linux knowledge) will be able to configure, run and process anon transactions with which will earn them the 0.5% processing fee.
Make sense?
Feel free to ask any more questions you may have.
Cheers,
Craig.
Thanks, it makes sense and I believe I see the points. In general, it proves that NAV takes anonymization very seriously. To me, NAV 1.0 anonymity provided was probably more than enough. When I see how difficult is hunting bitcoin thieves I'm wondering if we really need that complex anonymity model. But yeah, if you wish to eliminate all the traces you need stuff like this.
Was hoping a better comparison between the two actually. So how is SDC easy to use that XMR?
There is some basic comparison http://goo.gl/pEcRH2Re: ★[ANN] [NAV] NAV COIN - ANONYMOUS TECH. ● ANDROID WALLET LIVE ● NAV 2.1 SOON
Can someone tell me why NAV is better than ShadowProject? Thank you.
Please see this post:
I have invested a pretty substantial amount of Bitcoin into NAV. Seems like it has a great community, and very active devs.... But, I'm starting to wonder if I've made a mistake. What features does NAV have that others don't? There are other anonymous coins. What features will NAV have that others won't? People seem to shy away from inflationary coins. Why go that route? Please help me feel comfortable with my NAV holdings. Again, I love how active the community and Devs are, but I still worry.
I think its a matter of different approaches to anonymous transactions. We use a secondary block chain called a "Subchain" to direct and manage our anonymous transactions as they are encrypted, randomised and routed through the Anonymous Network. This approach is unique to Nav Coin and it has some inherent benefits, the primary one being its resilience. The system runs purely off two block chains, not relying on a database or any extra data storage to mark transactions as "waiting to process" or "processed". This means if our anonymous servers were blocked / deleted / taken down / destroyed or whatever, we could simply start up a new server somewhere else, restore the wallet.dat files and the servers would resume processing transactions without loss and without needing to worry about backing anything else up apart from the wallet.dat files.
Secondly, because we use two block chains, we are able to break the transaction chain between sender and receiver. We have a pool of NAV waiting to be sent on the outgoing server, which can be sent as soon as the outgoing server receives the instruction from the subchain. It doesnt have to wait for the real NAV to arrive because of the nature of how block chains work and the way the server is coded, we can trust the amounts recorded to the subchain as correct and send the amount of NAV from the pool before the sent NAV arrive. This means the NAV recieved are not able to be traced back to the NAV which were sent no matter how hard you look at the NAV block chain.
Third, we are coming fast to the point where we can decentralise the anonymous network and allow other users to setup their own processing servers. When this happens, users will be able to earn NAV for processing transactions and we will become the first fully decentralised, double encrypted, anonymous system running purely off block chain tech! Wow, what a mouthful!
So that's the technology, lets talk about features.
We are working towards being the first anonymous crypto which can send anon transactions from the mobile wallet. That will be massive. As well as anonymous merchant integrations, the raspberry pi staking unit and a few other things currently on our road map: http://www.navcoin.org/projects
Even if you were just to consider us to have the same features as DASH or XMR, then that still makes us hugely undervalued by at least 10x - 100x
By the way, i think the other anon coins are great and you should definitely look into them. See if they fit your needs and if the technology fits your ideals. Having multiple options in the financial privacy sector of cryptocurrencies is definitely a good thing. If there was just one, then firstly there is no competition to innovate and secondly it becomes a single point of failure. We offer a secure alternative, based on different technology served in a way which we believe is the best approach. We are part of the array of tools you can use to protect your financial privacy on the internet and we support the efforts of all the other anon coins.
That's my 2c anyway
One more specific thing when I was trying NAV - http://www.navcoin.org/downloads offers you Linux Wallet Download but redirect you only to source code. That's not nice. People mostly don't wish to build anything they want just try. Especially when often there are building issues when you don't have reference OS. Would be nice to provide builds.
I've also noticed there is NAV project, they claim: Will this be the first crypto currency to use 2 types of Anonymity. Tor & The Unbreakable Code
What is the SC answer to this? I've seen Tor in Umbra client. Is it the same approach? The Unbeakable code? What could that be?
What is the SC answer to this? I've seen Tor in Umbra client. Is it the same approach? The Unbeakable code? What could that be?
Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
i hope you guys can release a new alpha demo video in the coming days cos that vancouver presentation was a disaster. full of bugs, hardly anything worked.
It was not that bad. I know how tricky it is to show working demo of early version of any non-trivial piece of software. Dev handled all the issues very well, kudos! On the other hand I can imagine how much effort production version can take. Most optimistically 2017 might be that year. I'd like to see more competing projects in this area, this sea can take more than just two fishes (Synereo and Steem).Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
To Synereo representatives: First, I like Synereo project and wish you a good luck! So please don't me put me into any of your imaginary FUD category.
I get it, you had some initial plan. But it has fundamental flaw for potential investors and traders in time. But it's never too late to change it.
Main problem is risk of unexpected inflation described several times above.
Solution is easy. For example if you decide to throw 5-10% or remaining tokens (assigned for funding) yearly until all tokens are flushed into market in some evenly distributed way it would be ok for everyone. You will have funds, market, investors and especially daily traders will have transparent trading model. Current model is the worst possible. So please stop to be dogmatic, update your plans like you dev are doing daily when they find bug or inefficient code and make it right.
Again, I'm writing it only because I wish to see Synereo successful. Under current model I (and probably many others) will not invest, sorry. And I believe fundamental project reputation will suffer with this too and that's even worse than market impact. So far you only killed traction, price momentum and lost multiple investors. Though, it's not too late yet. Hope you will make it right!
I get it, you had some initial plan. But it has fundamental flaw for potential investors and traders in time. But it's never too late to change it.
Main problem is risk of unexpected inflation described several times above.
Solution is easy. For example if you decide to throw 5-10% or remaining tokens (assigned for funding) yearly until all tokens are flushed into market in some evenly distributed way it would be ok for everyone. You will have funds, market, investors and especially daily traders will have transparent trading model. Current model is the worst possible. So please stop to be dogmatic, update your plans like you dev are doing daily when they find bug or inefficient code and make it right.
Again, I'm writing it only because I wish to see Synereo successful. Under current model I (and probably many others) will not invest, sorry. And I believe fundamental project reputation will suffer with this too and that's even worse than market impact. So far you only killed traction, price momentum and lost multiple investors. Though, it's not too late yet. Hope you will make it right!
Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
There are actually so many good crypto projects and so it's hard to decide where to invest with limited amount. Among TOP30 project there are just several which are IMHO worthless but most of them are great. Synereo is probably the one with biggest possible potential but also the one with most doubts (at least for me). Current maximum possible evaluation based on existing tokens is about 266m$ which is nothing if the project goes mainstream, it's ok price even when project will have equal success like Steem for example but it is of course overpriced when project somehow fails. I'm sure we will know more in several days when alpha version is publicly presented. No need for rush now. Current price is ok from coming crowdsale standpoint, no one will get cheaper AMPs during crowdsale than this.
Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
the ones who bought at 18k 2 weeks ago ...2 weeks ago the price was 18k . so that was good timing by the investors.
the disgraceful thing is now they sold privately at 28k (accoding to jimmco) when price was 32k ...and this caused the further drop in price on exchanges we seen today .
You're mistaken here, I didn't say they sold anything privately (about that I have no information). I said 28k is the best price you can have during 2nd PUBLIC crowdsale (in about 10 days) - this is public information. the disgraceful thing is now they sold privately at 28k (accoding to jimmco) when price was 32k ...and this caused the further drop in price on exchanges we seen today .
all overboard and legit.
Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
Newb tip: poloniex and bittrex charts are wrong. Try using coinigy.com and see what it says there. It is definitely worth the money to use coinigy if you want to be a pro trader.
Thanks for the tip. I already registered at coinigy several days ago but still not using it. But I'm not a serious trader, I just a buy and hold. Just 2nd crowdsales like these don't help me much .Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
the ones who bought at 18k 2 weeks ago ...2 weeks ago the price was 18k . so that was good timing by the investors.
the disgraceful thing is now they sold privately at 28k (accoding to jimmco) when price was 32k ...and this caused the further drop in price on exchanges we seen today .
You're mistaken here, I didn't say they sold anything privately (about that I have no information). I said 28k is the best price you can have during 2nd PUBLIC crowdsale (in about 10 days) - this is public information. the disgraceful thing is now they sold privately at 28k (accoding to jimmco) when price was 32k ...and this caused the further drop in price on exchanges we seen today .
Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
Some people bought this coin for 80k when it launched on poloniex. I would think they have to sell coins for at least that price or higher to be fair to people who bought on the exchange.
No one bought for 80k when all time high was just something around 40k.
Stop trying to give facts when you just got into crypto last week.
All time high was 82k satoshi when it launched on poloniex.
All time low was 180 satoshi on bittrex.
You're right, there were such orders at the beginning at polo, apology.
Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
Why do you think that price will be under 20k? Best offer during crowdsale you can take with big volume is 28695 satoshi.
But yes, I too prefer single-IPO approach. I don't think Synereo is doing wise move here. But it was not a secret, they informed about it (in general) since the beginning and so it's hard to blame them. They are trying to think big and so let's see what they can do. On the other hand they should also be aware that crypto community is not the most patient one.
the site states crowdsale price is 33000 satoshi and upwards . on first day will be 33000 + a share of 1 million amps dependng on % of total invested on the day. impossible to predict what share of the 1 million amps anyone could get even with a huge volume buy.
Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
Some people bought this coin for 80k when it launched on poloniex. I would think they have to sell coins for at least that price or higher to be fair to people who bought on the exchange.
No one bought for 80k when all time high was just something around 40k.
Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
SO who is stupid enough to pay 33k satoshies when the price on Poloniex will be maybe under 20k in the crowdsale days?
Trading stopped because of crowdsale cap, volumen is falling, this crowdsale was a terrible idea but the worst thing of all is that the AMP team is fighting anyone with different opinion and is trying to present this fiasco as a good thing.
Presenting Synereo as a huge ecosystem where social dapp will be just one amoung many is a joke.
Greedy jewish fucks.
Trading stopped because of crowdsale cap, volumen is falling, this crowdsale was a terrible idea but the worst thing of all is that the AMP team is fighting anyone with different opinion and is trying to present this fiasco as a good thing.
Presenting Synereo as a huge ecosystem where social dapp will be just one amoung many is a joke.
Greedy jewish fucks.
Why do you think that price will be under 20k? Best offer during crowdsale you can take with big volume is 28695 satoshi.
But yes, I too prefer single-IPO approach. I don't think Synereo is doing wise move here. But it was not a secret, they informed about it (in general) since the beginning and so it's hard to blame them. They are trying to think big and so let's see what they can do. On the other hand they should also be aware that crypto community is not the most patient one.
Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
When will they release the alpha? and when does the crowdsale starts?
Alpha will be demoed on 9th of Semptember, crowdsale will start during next week (probably on 12th of September)Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
Discussion goes bit harsh here. 2nd crowdsale freezes any uptrend at least for two months. Everything will depend on quality and acceptance of alpha release. But regardless of alpha outcome I can't see any pressure for rising price in coming months. Either alpha will be great and people will buy lot of cheap AMP in crowdsale or it will be fail and investors will buy nothing in crowdsale and even sell what they have on exchanges.