Nxt Forum

Please login or register.

Login with username, password and session length
Advanced search  

News:

Latest Nxt Client 1.11.9 - NEW RELEASE: Ardor 2.0.3e TestNet IS LAUNCHED! - The Ignis ICO is currently ongoing!!

Pages: 1 ... 16 17 [18] 19  All

Author Topic: IGNIS ICO  (Read 21364 times)

SwissAlps

  • Sr. Member
  • ****
  • Offline Offline
  • Posts: 464
    • View Profile
    • NxtTracker.com
  • Karma: +29/-14
Re: IGNIS ICO
September 18, 2017, 06:02:30 am

Please check https://nxtwiki.org/wiki/Coin_Shuffling before making decisions.

Hi guys,

thanks for these infos, it was really not obvious if you have never "shuffled"  :) :) :)
Nxt CasinoTool : Roulette and Lotteries, see :
www.NxtTracker.com...

martismartis

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 1227
    • View Profile
  • Karma: +70/-10
Re: IGNIS ICO
September 18, 2017, 08:33:56 am

Hi  :D

something is wrong here  :o
https://nxt.jelurida.com/index.html?account=NXT-YZ2V-S25E-HDXC-5QCEQ
from where come this NXTs?
They came from a shuffling transaction back in April last year (16985054599709775607). Why is that a problem?
Hi  :D

thank you for your explanation but I find this strange?!?
is the result of the shuffling not displayed as an incoming transaction in the ledger?

it is very bizarre, these 10 million appeared from nowhere as if they were automatically produced by the system in this transaction ... which makes me think the same as SwissAlps and that someone found the way to produce more NXT but it can only use them by buying with it directly in the AE and MS ... in addition to the scam coins in its possession ... it's too suspect all that  ???

i find suspect the silence of jelurida in this forum too  ::)

Please check https://nxtwiki.org/wiki/Coin_Shuffling before making decisions.
Thank you  :D , i was on this page  ;D
the receiver accounts of the suffling result are invisible in the network until the day when it uses its balance?
why there is no incoming transaction in the ledger?
Thank you again  :D

Because that's how shuffling works. There is no transaction, NXT disappears from one account and just appears in another account. This is mixing feature, in order to make funds movement non tractable.

Brangdon

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 1301
  • Quality is addictive.
    • View Profile
  • Karma: +218/-25
Re: IGNIS ICO
September 18, 2017, 11:38:35 am

Hi  :D

something is wrong here  :o
https://nxt.jelurida.com/index.html?account=NXT-YZ2V-S25E-HDXC-5QCEQ
from where come this NXTs?
They came from a shuffling transaction back in April last year (16985054599709775607). Why is that a problem?
Hi  :D

thank you for your explanation but I find this strange?!?
is the result of the shuffling not displayed as an incoming transaction in the ledger?

it is very bizarre, these 10 million appeared from nowhere as if they were automatically produced by the system in this transaction ... which makes me think the same as SwissAlps and that someone found the way to produce more NXT but it can only use them by buying with it directly in the AE and MS ... in addition to the scam coins in its possession ... it's too suspect all that  ???

i find suspect the silence of jelurida in this forum too  ::)

Please check https://nxtwiki.org/wiki/Coin_Shuffling before making decisions.
Thank you  :D , i was on this page  ;D
the receiver accounts of the suffling result are invisible in the network until the day when it uses its balance?
why there is no incoming transaction in the ledger?
Thank you again  :D

Because that's how shuffling works. There is no transaction, NXT disappears from one account and just appears in another account. This is mixing feature, in order to make funds movement non tractable.
Shuffling deposits do appear in the receiver's ledger. It's just that this shuffle happened so long ago that the Jelurida node does not bother to include it. That's why there is no ledger entry.

If you go to https://nxt.jelurida.com/index.html?account=NXT-VMX8-YPCE-G6B3-CXGVH, and find the Create Shuffling transaction at height 741924, you should see transaction 16985054599709775607. The account NXT-YZ2V-S25E-HDXC-5QCEQ is listed as one of the recipients of 10,000,000 NXT. You can also see the other receivers and participants. None of this is invisible; it is all in the block-chain.

The NRS UI could list this transaction for the receiving accounts, but chooses not to. I'm not sure why not; it does list payment transactions for both sending and receiving accounts. Shuffles are obviously a bit more complicated as they involve several transaction types and many more accounts. I guess the devs felt that the ledger was the place to be comprehensive - but only for recent transactions. The upshot is, there's no source for the money listed in the transactions section because the UI doesn't do that, or the ledger section because it is too old, but it is there in the block-chain.

If you edit nxt.properties for your node to have:

  nxt.ledgerAccounts=*
  nxt.ledgerTrimKeep=0

restart your node and have it rescan the block-chain, then your node will keep a ledger history for every account right back to the genesis account. Then seeing where an account gets its money from becomes a lot easier. The nxt.jelurida.com node has chosen not to do this, so it only shows limited history.
NXT-RTYD-LJXQ-EPNJ-H7AQ5. Sponsoring 1 public node at brangdon.duckdns.org.

martismartis

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 1227
    • View Profile
  • Karma: +70/-10
Re: IGNIS ICO
September 18, 2017, 05:14:55 pm

What the sense of shuffling, if you could see where from or where to money goes? Idea of shuffling is that you cannot find such information, it does not depend on node kept history.

Brangdon

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 1301
  • Quality is addictive.
    • View Profile
  • Karma: +218/-25
Re: IGNIS ICO
September 18, 2017, 10:14:24 pm

What the sense of shuffling, if you could see where from or where to money goes? Idea of shuffling is that you cannot find such information, it does not depend on node kept history.
Shuffling can only do so much. It's not magic. For this shuffle there were 5 input accounts and 5 output, so you know a given output account came from one of the 5 inputs but you don't know which one. For more anonymity use more accounts in each shuffle, and/or shuffle multiple times.
NXT-RTYD-LJXQ-EPNJ-H7AQ5. Sponsoring 1 public node at brangdon.duckdns.org.

kseistrup

  • Sr. Member
  • ****
  • Offline Offline
  • Posts: 463
  • Unselfish action pay back better
    • View Profile
    • @kseistrup
  • Karma: +48/-0
Re: IGNIS ICO
September 23, 2017, 03:57:35 pm

i suspect this settings in the forging nodes...
Quote
# Delay generation of next block in order to accumulate more transactions in it.
# Waiting for much more than 15 s is not useful as transactions are allowed at
# most 15 s timestamp difference from the block they can be included in.
nxt.forgingDelay=?

# Generate and submit the next block before its hit time in response to
# receiving a lower difficulty block. Submitting the block more than 15 s before
# its time however will lead to its rejection.
nxt.forgingSpeedup=?


the default settings don't give sufficient time for the block to be fully filled...


What would be sane values?

Several users have reported that their node no longer appears in peerexplorer after the 1.11.8 update ...

I have two nodes that hasn't showed up in peerexplorer, or have won the lucky node lottery, after upgrading to 1.11.9. Should I downgrade?

cayenne

  • Full Member
  • ***
  • Offline Offline
  • Posts: 206
    • View Profile
  • Karma: +10/-1
Re: IGNIS ICO
September 23, 2017, 07:08:39 pm

Shuffling can only do so much. It's not magic. For this shuffle there were 5 input accounts and 5 output, so you know a given output account came from one of the 5 inputs but you don't know which one. For more anonymity use more accounts in each shuffle, and/or shuffle multiple times.

Are there any plans to increase the anonymity of Ardor, in future updates?

Brangdon

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 1301
  • Quality is addictive.
    • View Profile
  • Karma: +218/-25
Re: IGNIS ICO
September 24, 2017, 10:48:16 am

Are there any plans to increase the anonymity of Ardor, in future updates?
Not that I know of (but I wouldn't know because I'm not a dev and I don't use Slack). So far as I know, Ardor itself can't even be shuffled. You can shuffle the assets on Nxt now, but you won't be able to shuffle it on the Ardor chain. You'll be able to shuffle IGNIS, though, and assets.
NXT-RTYD-LJXQ-EPNJ-H7AQ5. Sponsoring 1 public node at brangdon.duckdns.org.

schnidl

  • Jr. Member
  • **
  • Offline Offline
  • Posts: 48
    • View Profile
  • Karma: +8/-0
Re: IGNIS ICO
September 24, 2017, 03:55:43 pm

how much is sold from this round?
NXT-NBY7-VPLP-YGF9-BXF7Z

Sebastien256

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 2779
  • ^LOOK UP^ = Nxt community!
    • View Profile
  • Karma: +168/-24
Re: IGNIS ICO
September 24, 2017, 03:58:52 pm

how much is sold from this round?

1586732.3746 JLRDA as of now.
Please drop your ideas concerning Nxt and/or NRS in this topic -> List of feature request for Nxt and/or NRS (with the full list in OP).

seek4dream

  • Jr. Member
  • **
  • Offline Offline
  • Posts: 42
    • View Profile
  • Karma: +1/-0
Re: IGNIS ICO
September 25, 2017, 02:10:04 pm

how much is sold from this round?

1586732.3746 JLRDA as of now.

It seems it won't be easy to sell out for this round.

box1413

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 661
    • View Profile
  • Karma: +96/-4
Re: IGNIS ICO
September 25, 2017, 02:58:08 pm

marketing and hyping news will have to come into play now. otherwise they won't be able to sell all the nxt they are holding.

seek4dream

  • Jr. Member
  • **
  • Offline Offline
  • Posts: 42
    • View Profile
  • Karma: +1/-0
Re: IGNIS ICO
September 28, 2017, 10:50:01 pm

marketing and hyping news will have to come into play now. otherwise they won't be able to sell all the nxt they are holding.

What will happen if the 4th round doesn't sell out?

Jacinto

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 662
    • View Profile
  • Karma: +55/-20
Re: IGNIS ICO
September 29, 2017, 08:36:07 am

What are your impressions of the ICO so far?

3 rounds completely sold but we are struggling to start with this 4th one. Around 9m $ collected according to current market prices. Is that enough?
BCNext son.

neofelis

  • Sr. Member
  • ****
  • Offline Offline
  • Posts: 438
    • View Profile
  • Karma: +69/-10
Re: IGNIS ICO
September 29, 2017, 03:20:54 pm

I hate to say I told you so, but my posts on page one of this thread explain the whole situation.  Either Jelurida will be a NXT superwhale because they have amassed a large fortune of NXT by selling IGNIS (and then tank the price as they sell it.  See Superwhale thread)  OR  Jelurida will be an IGNIS superwhale because they cannot sell all the IGNIS and have a bunch left over.  It looks like both things are happening now. So you can expect the price of NXT and IGNIS to stay low for a very long time as Jelurida slows dumps them on the markets.

Sebastien256

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 2779
  • ^LOOK UP^ = Nxt community!
    • View Profile
  • Karma: +168/-24
Re: IGNIS ICO
September 29, 2017, 03:29:30 pm

I hate to say I told you so, but my posts on page one of this thread explain the whole situation.  Either Jelurida will be a NXT superwhale because they have amassed a large fortune of NXT by selling IGNIS (and then tank the price as they sell it.  See Superwhale thread)  OR  Jelurida will be an IGNIS superwhale because they cannot sell all the IGNIS and have a bunch left over.  It looks like both things are happening now. So you can expect the price of NXT and IGNIS to stay low for a very long time as Jelurida slows dumps them on the markets.

I think it would be dangerous for Jelurida to be a NXT superwhale since NXT token protect the NXT network. They already said they will keep a maximum of 40M NXT.  Its "more" OK to be an IGNIS superwhale since IGNIS does not protect the ARDOR chain. Jelurida can keep IGNIS for many many years without selling (effectively reducing the apparent IGNIS supply) as long as they do not need funding. By reducing the apparent supply I expect the price of IGNIS to go up.

For example, think of the apparent supply bitcoin is much lower than the real number of bitcoin in existance.
Please drop your ideas concerning Nxt and/or NRS in this topic -> List of feature request for Nxt and/or NRS (with the full list in OP).

neofelis

  • Sr. Member
  • ****
  • Offline Offline
  • Posts: 438
    • View Profile
  • Karma: +69/-10
Re: IGNIS ICO
September 29, 2017, 03:42:03 pm

Its "more" OK to be an IGNIS superwhale since IGNIS does not protect the ARDOR chain. Jelurida can keep IGNIS for many many years without selling (effectively reducing the apparent IGNIS supply) as long as they do not need funding. By reducing the apparent supply I expect the price of IGNIS to go up.

For example, think of the apparent supply bitcoin is much lower than the real number of bitcoin in existance.

Those are good points I hadn't considered.  An IGNIS whale can't have any effect on the ARDOR blockchain and can't threaten an attack.  I also agree about Bitcoin. There are a lot of the coins that are "lost" and will never be recovered. Stories abound of these.

Same is true for Ripple. There used to be 8 billion XRP and then overnight suddenly there were 38 billion and they soared to the top of CMC.  I'm told those extra 30 billion belonged to the developers and have never actually hit the market. So their super high market capitalization is all smoke and mirrors.
« Last Edit: September 29, 2017, 03:45:06 pm by neofelis »

digicoiner

  • Jr. Member
  • **
  • Offline Offline
  • Posts: 51
    • View Profile
  • Karma: +4/-0
Re: IGNIS ICO
September 29, 2017, 08:29:39 pm

Will there also be persistent upward price pressure on Ignis  because of the constant fees paid to bundlers? Would there be a similar effect in Ardor?

danp123

  • Full Member
  • ***
  • Offline Offline
  • Posts: 154
    • View Profile
    • My Twitter
  • Karma: +4/-0
Re: IGNIS ICO
October 02, 2017, 03:55:39 am

I'd have to guess that Jelurida isn't after a quick buck and it's in their best interest to do what's best for at least Ardor / IGINIS and probably for NXT as well. If that were they case, they'd do a quick ICO a year or 2 ago without testing or a product. The long term gain would be better financially as well a professionally for everyone's career. (This is just my guess, who knows)
Trust Your Assets (I know nothing)

SwissAlps

  • Sr. Member
  • ****
  • Offline Offline
  • Posts: 464
    • View Profile
    • NxtTracker.com
  • Karma: +29/-14
Re: IGNIS ICO
October 03, 2017, 05:04:03 am

Somebody has an idea of how the last IGNIS sale went ?   :)
Nxt CasinoTool : Roulette and Lotteries, see :
www.NxtTracker.com...
Pages: 1 ... 16 17 [18] 19  All