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Showing 20 of 29 results by mohammeddxb
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Board Announcements (Altcoins)
Re: [ANN][POW][XTL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet
by
mohammeddxb
on 24/07/2018, 07:48:19 UTC
Been an XTL supporter from the very beginning, not been checking out lately so often.
Have seen many folks complaining about prices and this post is to address them. These are my personal views and I'm NOT anyway connected o XTL other than being an early investor / supporter.

1. Is XTL dead ?

Ans: It is there for everyone to see. Just checkout the GitHub activity and discord. Moreover, they have released their own diff algo in a short span of time - which is not an easy task even for the most experienced crypto devs - and their network is very very stable. In fact, much more stable than many of the leading coins.

2. Why is the price so low at the moment ?

Ans: No one has any idea. If anyone knew the answer, would have been addressed already. But the same applies to every crypto coin out there. Nay, it applies to pretty much every product.

3. Why is there no marketing at all from XTL ?

Ans: The question has been asked to the Founder and lead devs multiple times by myself and several other community members and their answer has been consistently the same. That they will deliver the product first then do the marketing. While I do disagree with them at least to an extent, I appreciate their honesty and steadfast commitment even in the absence of clear revenue from XTL up until now. The point is, they seems to be least bothered about price and are confident in what they do. Rest is all speculation and sometimes FUD by certain vested interest groups as I understand.

4. Is the price going to go up ?

Ans: Again, no one knows. But all the ingredients required to be a long term success is there with XTL. Just see after the major tech are released. Again, these are my personal assumptions based on my experiences with variuos crypto coins over a period of 8 + years.

5. Do you have any suggestions ?

Ans: Yes, buy as much as possible. I bought XTL for 2-7 sats when BTC was $10K+. It is available  for about same price now and it is really a never again opportunity. Its a hidden gem.




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Re: [ANN][POW][XTL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet
by
mohammeddxb
on 07/04/2018, 09:17:33 UTC
I see many people interested in mining XTL, it looks like a good project.
If any one tryed mining XTL, can you please share your experience and tell us what is the required configuration and what are the best equipements.
Also I noticed that many are facing a problem, they get "job reject reason low difficulty share", any help will be appreciated.

Pls check this out.
https://wiki.stellite.cash/books/mining
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Board Announcements (Altcoins)
Re: [ANN][POW][XTL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet
by
mohammeddxb
on 04/04/2018, 16:13:10 UTC
Congrats to the Devs for the successful fork.You have pulled it off nicely. Keep up the good work.
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Re: [ANN][POW][XTL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet
by
mohammeddxb
on 26/03/2018, 12:31:42 UTC
I check out a website called newcpucoins every now and then.
Out off all the new coins there, if you check the recommendations, Stellite has 3x as much as the next recommended coin.

I really think this coin is so undervalued, that when people wake up, I won't be surprised if it grows 100 fold.

I may be wrong, but this coin has got me very excited

It is surprisingly undervalued, may be due to the fact that there is no pushing and pulling / pumping and dumping. Its good to know there is no artificial demand creation from any quarters. There are coins which has gone to 2000+ Sats in the first month, well if you ask me, is a red flag.
If you are not in a hurry to pay off your student loans, then hold Smiley It will pay off well. The tech, the devs & community seems solid. They ve got almost a cult like following.
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Re: [ANN][POW][XTL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet
by
mohammeddxb
on 26/03/2018, 05:09:39 UTC
I mentioned a point sometime ago. But the Dev did not understand the point. This is a very good project and Devs are good and work hard. The issue is that you has to respect the market. Numerous coins were extracted out every day into the market at the early stage of the project, however, unfortunately the growth of the community far cannot catch up the speed of extraction of coins because of the emission curve set in the program. It is not realistic to have so many coins extracted in the initial one and/or two years. In order to attract people into this project for the growth of the community, you have to show people what benefits are to hold these coins, not just how good in the future. No one can eat a cake that is just drew on a paper.

We fluctuate between 3, 4, 5, 6 satoshi, it's good percent, the market is really fine  Wink

In percent, it's the same as a Dero who fluctuate between 3000, 4000, 5000, 6000 satoshi or an IntenseCoin who fluctuate between 50, 60, 70, 80 percents, it's the same percent or approximatively the same percent. It's the market, nothing wrong actually.

The XTL market is ok.

The issue i think,  is that you want to see the price growing faster. So you are trying to convince devs that something should be changed in the numbers of coins, like that the value will up then you'll sell your coins.

I agree you have a point. But still, I personally would like to see the emission to reduce probably by half, cuz with current exchanges and limited reach, there may not be enough customers to consume 25+ million mined every day, hence piling up the coins and single digit price. I believe the coin has much bigger potential than it currently is.


You got my point. If it is 25 million /per day, this will be 365X25x1000,000= 9,125,000,000 in one year. This number is almost half of the whole supplies of 20,000,000,000. Even if this number of coins are extracted out in two years, they are still too many coins. How could it be expected that the market or the community's growth can catch up this rate? Also, there are many other projects in this market as well.

As for the fluctuation between 3, 4, 5, 6 satoshi, it looks ok right now, however, someone may enjoy just this moment. Thanking about further, what would it happen if more and more coins are extracted out and cannot be absorbed by the market? The price could drop to 1 sat (in the very bad situation of the whole cryptomarket). Is there any way dropping to 0.8 or 0.5 sat?  Wink Wink Wink. If it can, then it would be ok. So the good fluctuation point would be around some numbers of between 12, 13, 14, 16, not close to 1 sat.  


I think you are thinking very short term here man. The project is good. The devs are really active here and in their Discord, working fast on new features to the coin according to their whitepaper, and keeping ahead of the ASIC game.

Plenty of other GRQ coins out there you can gamble on.

Stellite is healthy, and on a great path. You make your own decisions however!

Make no mistake, I'm convinced that Stellite is here to stay and the dev team is actually ETN on steroids. They are technically brilliant, accessible and responsible. Moreover, they seems to be delivering on multiple fronts.
I'm just brainstorming to see if the emission level is right. You have to approach it from variuos angles to see which one is in the best interest of the project and accordingly may be we can influence the devs.
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Re: [ANN][POW][XTL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet
by
mohammeddxb
on 26/03/2018, 04:57:00 UTC
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Board Announcements (Altcoins)
Re: [ANN][POW][XTL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet
by
mohammeddxb
on 25/03/2018, 15:41:16 UTC
I mentioned a point sometime ago. But the Dev did not understand the point. This is a very good project and Devs are good and work hard. The issue is that you has to respect the market. Numerous coins were extracted out every day into the market at the early stage of the project, however, unfortunately the growth of the community far cannot catch up the speed of extraction of coins because of the emission curve set in the program. It is not realistic to have so many coins extracted in the initial one and/or two years. In order to attract people into this project for the growth of the community, you have to show people what benefits are to hold these coins, not just how good in the future. No one can eat a cake that is just drew on a paper.

We fluctuate between 3, 4, 5, 6 satoshi, it's good percent, the market is really fine  Wink

In percent, it's the same as a Dero who fluctuate between 3000, 4000, 5000, 6000 satoshi or an IntenseCoin who fluctuate between 50, 60, 70, 80 percents, it's the same percent or approximatively the same percent. It's the market, nothing wrong actually.

The XTL market is ok.

The issue i think,  is that you want to see the price growing faster. So you are trying to convince devs that something should be changed in the numbers of coins, like that the value will up then you'll sell your coins.

I agree you have a point. But still, I personally would like to see the emission to reduce probably by half, cuz with current exchanges and limited reach, there may not be enough customers to consume 25+ million mined every day, hence piling up the coins and single digit price. I believe the coin has much bigger potential than it currently is.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][POW][XTL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet
by
mohammeddxb
on 25/03/2018, 14:20:09 UTC
One of the cheapest coins, what went wrong with this coin?

I don't think anything is wrong, yeah the price is low but there is no pump happening, I think they let the market decide the prices.

I mentioned a point sometime ago. But the Dev did not understand the point. This is a very good project and Devs are good and work hard. The issue is that you has to respect the market. Numerous coins were extracted out every day into the market at the early stage of the project, however, unfortunately the growth of the community far cannot catch up the speed of extraction of coins because of the emission curve set in the program. It is not realistic to have so many coins extracted in the initial one and/or two years. In order to attract people into this project for the growth of the community, you have to show people what benefits are to hold these coins, not just how good in the future. No one can eat a cake that is just drew on a paper.

so whats your point ? To reduce emission ?
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Board Announcements (Altcoins)
Re: [ANN][POW][XTL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet
by
mohammeddxb
on 25/03/2018, 11:17:31 UTC
One of the cheapest coins, what went wrong with this coin?

I don't think anything is wrong, yeah the price is low but there is no pump happening, I think they let the market decide the prices.
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Re: [ANN][POW][XTL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet
by
mohammeddxb
on 03/03/2018, 15:22:40 UTC
Does anybody know how this project compare to IPBC (https://bitcointalk.org/index.php?topic=2856278.740;topicseen)
Thanks


I have had a brief look at IPBC. They plan to distribute content using IPFS. (I dont know if its a co-incidence, IPBC - launched 31-01-2018 -  right after Stellite  - launched 24-01-2018) Whether IPFS is suitable for distributing content (streaming) I'm a bit skeptical. And the sheer number of services they plan to include, they may probably put netflix out of business  Grin.
Stellite on the other hand are planning to decentralize nodes using IPFS / Zeronet and they already have an alpha release for IPFS.

Also plans to release mining software for "devices", which includes mobiles & set top boxes.

Both are based on Monero, though I don't see any acknowledgements on IPBC github.

The above is based on my personal understanding / knowledge about both projects. I do not represent either of them.
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Re: [ANN][POW][XTL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet
by
mohammeddxb
on 03/03/2018, 14:31:52 UTC

Nah, his masters called him back to the cave  Grin
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Re: [ANN][POW][XTL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet
by
mohammeddxb
on 03/03/2018, 10:45:22 UTC
Shit coin?

Definition of a shitcoin:

Copy cat implementation with no real innovation except naming it "Trolleum" or something.
Large premine.
ICO to raise funds with unsuspecting investors.
No real development team.
Shit loads of marketing crap.

Does Stellite fit into the above definitions ? NO. So whats  the basis of your accusation ?
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Re: [ANN][POW][STL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet
by
mohammeddxb
on 26/02/2018, 06:24:57 UTC
Any youtube videos about the project couldnt find any would be nice to see

I think once the beta for the IPFS is launched we will see a bigger content campaign push. I think the devs are playing it smart by letting the coin grow naturally instead of overhyping the coin too early. All in due time. I'm sure we'll have a twitter, facebook youtube ect. campaing once more updates get pushed into github  Grin.

I had this doubt as well....cuz my requests multiple times to do some pushing in our part of the world (Middle East) was not taken up seriously. They may have a point though, and I liked their confidence. "Me too" type of coins with names like "My mama's supercoin" would normally jump in the first proposal they get.

In a way its good cuz its better to push the product when things are really on track else public will lose interest and hence will be difficult to revive.
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Re: [ANN][POW][STL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet
by
mohammeddxb
on 25/02/2018, 15:04:16 UTC
Just wanted to ask if there are only 6 members on the team?
Are you expanding?  Are you on track with your plans?

Lastly, this project is growing very fast.
It has real potential so keep it up!

Many of the top notch software projects, has less than 10 members. so I think it should be fine, though participation from community is always good for long term health of the project
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Re: [ANN][POW][STL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet
by
mohammeddxb
on 25/02/2018, 05:20:10 UTC
Anyone have problems with the wallet (GUI)?  one minute is working on normal pc settings the next i have to start pc in safe mode to get the wallet to work. Any ideas?   Huh

Wallet issues are mostly to do with AV / Smartscreen / Win Defender.
Try excluding the same. Also, make sure the stellitd.exe is not deleted/Quarentined by AV which is located in resources\bin folder.
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Re: [ANN][POW][STL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet
by
mohammeddxb
on 21/02/2018, 06:27:05 UTC
Is mining on Android even possible?
Initially I too had similar reservations and held back from investing too much into this. But subsequent interaction with the devs cleared my doubts.
Man, they seriously know what they are doing! Don't take my word for it, talk to the real guys behind the project and they are on discord and very helpful.

Yes it's possible, especially with a high-end mobile cpu. Surely not profitable but one can actually attain an integer sum of coins to participate on the network.
Even CPU mining isn't profitable if I'm correct.
The Vega are best for crypto night.


Depends on which part of the world you are from due to electricity costs. For me CPU mining is profitable.
I tried their web miner on phone and am getting 10H/s on IOS but battery drains super fast. I guess mobiles mostly charges from office or outside home so the utility cost won't weigh in for majority. So basically if there are 4-5 mobiles in the household and can attain 25H on each phone, that's around 100H which is decent i think. And yeah, to attain 25H on mobile without draining battery / resources would be a big task with a lot of low level coding which I believe the devs are capable of.
Technology wise, IPFS / ZN is more important because then literally it is free from any central control...which is a big risk for all cryptos I guess...
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Re: [ANN][POW][STL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet
by
mohammeddxb
on 21/02/2018, 04:21:59 UTC
Is mining on Android even possible?
Initially I too had similar reservations and held back from investing too much into this. But subsequent interaction with the devs cleared my doubts.
Man, they seriously know what they are doing! Don't take my word for it, talk to the real guys behind the project and they are on discord and very helpful.
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Topic
Board Announcements (Altcoins)
Re: [ANN][POW][STL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet
by
mohammeddxb
on 20/02/2018, 14:08:51 UTC
The new GUI wallet still does not work here.

It appears in task manager (Windows 10) but does not open on windows

Is there a fix for this ? I followed your "instructions" in an earlier post....

http://wiki.stellite.cash

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Re: [ANN][POW][STL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet
by
mohammeddxb
on 20/02/2018, 13:29:33 UTC
Mining still easy how long will it last?

It's going to take some time to build high network hash. TradeOgre is already breaking 3 sats on the first day so we'll likely see a diff increase if the price stabilizes in the 2-3 sat range.

Honestly speaking, I have gobbled up a few millions yesday at 2 sats and there are few of my friends wanting to buy a few millions each as well only stopped by the complexity of buying from Crex due to a lengthy verification process and bank issues. I can see the coin reaching at least 10 sats very soon.

Thats very strange I didnt have to verify anything..

Same here maybe related to location? Or are you trying to send FIAT money and not a cryptocurrency to the exchange?

FIAT. None of them are savvy. Its good for security, but may push away normal users.
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Re: [ANN][POW][STL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet
by
mohammeddxb
on 20/02/2018, 07:05:50 UTC
Mining still easy how long will it last?

It's going to take some time to build high network hash. TradeOgre is already breaking 3 sats on the first day so we'll likely see a diff increase if the price stabilizes in the 2-3 sat range.

Honestly speaking, I have gobbled up a few millions yesday at 2 sats and there are few of my friends wanting to buy a few millions each as well only stopped by the complexity of buying from Crex due to a lengthy verification process and bank issues. I can see the coin reaching at least 10 sats very soon.