Thank you for being a part of the first ColossusXT Reddit AMA! Below we will summarize the questions and answers. We had 13 questions from the community, and responded to 13 questions from the community! The ColossusXT team will do a Reddit AMA at the end of every quarter. Q:
What type of marketing plan are you guys looking to do in 2018? A:
Paid ads, b2b partnerships, and in person representation at more blockchain conferences this year are all being negotiated. Suggestions can be made by the community here: https://colossusxt.fider.io/ Q:
If I am correct, currently only the devs of COLX are being paid. I understand that the majority of people working on COLX are volunteers and I respect and appreciate that. However, when do you guys think you are going to hire paid full/part time employees/professionals? How will you guys make this happen? As in where are you going to get the funds for this? A:
Currently the paid COLX employees are blockchain developers as they have a specific skill set that is difficult to acquire. In the future if the community feels that paid professionals are required in a specific job function, for example marketing, a budget proposal can be created and the community can pay for this from the colx governance system. Note, the governance system is not an endless bucket of money, so care needs to be taken to ensure the community is allocating these funds appropriately across all of the colx priorities. Q:
When will Zerocoin protocol be released? A:
Zerocoin Protocol will be released in Q2. Roadmap: https://colossuscoinxt.org/roadmap/ Q:
Do you guys know when some COLX holders will get their coins back from Coinsmarkets? Also, where do you guys see COLX being used further down the road? A:
Based on an internal COLX investigation, we believe that all of the coins have been moved off of CoinsMarkets and sold on other exchanges. We're currently partnered with Polis Pay which will alow fiat to crypto purchases through their Debt card platform. We're also working on partnerships with multiple different payment processors and merchants. Press Release: https://github.com/ColossusCoinXT/Documentation/blob/masteCM_PressRelease.pdf Forensic Statement: https://github.com/ColossusCoinXT/Documentation/blob/masteColossusXT_Forensic_Statement_on_CoinsMarkets_Exchange_Fraud.pdf Q:
What separates colx from pivx, and other pivx forks? A:
ColossusXT is a privacy based blockchain. The future of ColossusXT is expansive. It will be built on the expansion of the Colossus Grid, with a backbone of privacy features. You'll be able to rent or sell computing power from the network to perform or even just speed up tasks that your computer has trouble handling. This is ideal if you routinely perform intensive calculations for activities like natural language processing (NLP), artificial intelligence (AI), or even machine learning for DNA exploration.
Example: You have 16GB of Ram, you rent 4GB for someone to use. Same with hard drive space, ect;
ColossusXT anonymous blockchain will protect your privacy, while you rent computing power.
This is the difference. Some privacy coins purpose is to be a private currency, ColossusXT aims to have a functioning anonymous currency, and Grid computing power utility. Q:
What other exchanges are we trying to get on? What is the status?
Thank you guys,
I am really looking forward to this AMA! A
: We cannot discolse which exchanges ColossusXT has currently applied to at this time. When we are able to make an announcement about an exchange listing we will post it on Twitter. Q:
Why do I always mint orphan blocks? I know what an orphan is but the last 7 times I have staked and minted they have been orphans A:
If a wallet is selected to generate the next new block (which will result in a staking reward) but does not complete this task in time, the new block will be orphaned and the task will be completed by another staking wallet. Thus, less responsive systems with a slower network connection and / or less available system resources will tend to generate more orphan blocks over time. If you have not updated to the latest wallet v1.0.3 you may see an increased number of Orphans. Orphan blocks are a normal occurrence on a blockchain. Q:
Is the max supply of coins fixed at 12 billion or are there plans to increase supply on a need basis? Since one of the features of COLX is to enable a lower than 1:1 split with major fiat currencies(USD/EUR), i wonder how will this be managed in the scenario that the exchange rate goes up and up and up ? A:
There is no max supply of COLX. Starting on April 28th, new COLX will be minted at a permanent rate of 1000 COLX per block, or 525,600,000 COLX per year, forever. As supply increases, these newly minted COLX will represent a smaller and smaller portion of the total supply. This means that the inflation rate will slowly decrease (asymptotically toward zero) over time. For example, next year the COLX supply will increase from 11.28B to 11.80B, an inflation rate of 4.7%. However, ten years later in 2029, the supply will increase from 16.53B to 17.06B, an inflation rate of 3.2%.
While we have designed our supply and inflation rate toward a goal of easy comparison to major fiat currencies, it is impossible to predict how this will compare in the future. There are currently no plans to alter the COLX supply to match world currency trends. Q:
Any additional informaton on the how the colx marketplace will work apart from what is mentioned in the whitepaper ? Reminds me of SilkRoad and we know what happened to that marketplace… A:
The colx decentralized marketplace will work similar to other decentralized marketplace projects currently in development from other teams. There are no specifics to release at this time, but Silk Road is not a development goal.
(Other projects, https://phore.io/marketplace/
How will ColX go about ensuring listings at the bigger exchanges. Is there a plan in place to reach the likes of bittrex and binance? A:
Yes, ColossusXT has reached out to many different exchanges recently. We do not believe that Bittrex or Binance are exchanges out of this communities reach. Funding for large exchange listings will be generated from the community governance system. Q:
Any thoughts on a rebrand at some point to something that rolls off the tongue better? Really not digging the name. A:
We recently re-branded from ColossusCoinXT to ColossusXT. At this time there are no plans to rebrand any time soon, but we are looking at requests from the community and have found that Colossus is being recommended. What do you recommend?
All community suggestions can be posted here to be voted on by the community; https://colossusxt.fider.io/ Q:
Are you guys planning on making Master nodes cheaper? With Bitcoin, it doesn't cost as much as it does with altcoins. You can have a basic PC/laptop with 140GB of space and you're good to go to run a node. Masternode does few different things than a normal node, which is the following: Increasing privacy of transactions Doing instant transactions Participating in governance and voting Enable budgeting and treasury system in cryptos So if we can have cheaper Master Nodes that will increase the privacy of the transactions, there won't be any scalability issues in the long run and more people will participate with governing and voting. Which leads to more decentralized currency. Of course there should be a barrier with creating Master nodes so that nobody can cheat the system, but can we consider a lower entry barrier? What are your stance on this? Thanks! A:
Cost for masternodes will not change. Implementing a safe shared masternode system is on the roadmap for development. Q:
When are you going to start marketing.?....i think we have enough working product to market it.tech and marketing should go side by side.....what are your plans to keep the discord more active ? Shift from telegram to discord made the community bit lousy...not much interactions and activity as in telegram.(recruits from all the time zones is needed) A:
Marketing has already started. The team recently attended the London CryptoCurrency Show. If there are specific marketing tactics that the community would like to employ they can be added and voted on here; https://colossusxt.fider.io/
. With a working governance system in place the community can also create marketing proposals as part of the colx governance system. Note, the governance system is not an endless bucket of money, so care needs to be taken to ensure the community is allocating these funds appropriately across all of the colx priorities.
Telegram is an awful platform for running a Community. We encourage all colx users to switch to Discord for more support and a better user experience.
Thank you for the questions! Originial AMA Questions: https://np.reddit.com/ColossuscoinX/comments/8bia7o/official_colossusxt_ama/
If you feel that you can contribute to this community please review our hiring form: https://goo.gl/PQeCm7 Website: http://colossusxt.io/ Whitepaper: https://colossuscoinxt.org/whitepape Roadmap: https://colossuscoinxt.org/roadmap/ Discord: https://discord.gg/UatyC Telegram: https://web.telegram.org/#/[email protected]
The hackers stole $41 million in Bitcoin, which was announced just a few hours after “some unscheduled server maintenance” by Zhao. Along with Binance, there have been three other major exchanges hacked already in 2019 – Cryptopia, DragonEx, and Bithumb. Since the hacking, Coinfirm has been waiting the movements of the stolen bitcoin ... willkommen zur Bitcoin-Informant Show Nr. 928. Heute sprechen wir über folgende Themen: Indikator zeigt, dass die langweilige Bitcoin-Preisaktion ein Ende nehmen wird, ERC 20 Token 50% von ETH & Binance Malaysia Ärger. Bitcoin.com is set to launch Local.Bitcoin.com, a peer-to-peer bitcoin cash exchange, on June 4. Users can start signing up now . Other ways to earn bitcoin cash can be found in the video below. The U. S. branch of the largest crypto exchange in the world, Binance US, has recently announced that now its customers will be partially insured by the Federal Deposit Insurance Corporation (FDIC). According to a recent blog from the company, all dollar deposits made by clients will be insured by the FDIC, which is an agency that was created to protect the consumers of the country. OpenBazaar is a decentralized Amazon competitor that allows individuals to purchase and sell goods using Bitcoin and other cryptocurrencies. It was founded back in 2014 and was considered as a highly promising BTC application. However, the platform failed to attract users in huge amounts and then the parent company of the project OB1 tried to shift the focus to a mobile marketplace app called ... Hey Krypto Fans, Willkommen zur Bitcoin-Informant Show Nr. 422. Heute geht’s um folgende Themen: Binance veröffentlicht Demo einer dezentralisierten Börse & Blockchain Startup ermöglicht Litecoin Transaktionen via Telegram Messenger. BTC/USD. Bitcoin is trying to bounce off the 20-day EMA and rise above the psychological resistance of $4,000. Both the moving averages are gradually sloping up and the 20-day EMA has held in the past few days, which shows buying at lower levels. We expect the digital currency to pick up momentum above $4,000 and quickly rally to $4,255. If the bulls scale this level, it will complete a double ... Der aktuelle Bitcoin-Kurs (14,879.64 $) im Live-Chart in EUR, USD & CHF im Überblick Bitcoin-Rechner Verfolge den aktuellen Kursverlauf live! OpenBazaar, which has an integration with I2P on its roadmap, is an open source project designed to create a decentralized network for peer-to-peer commerce online with Bitcoin. OB is a generally ... Binance Coin $ 30.70 1.24%. Chainlink $ 10.82 3.25%. Polkadot $ 4.08 3.86%. Cardano $ 0.106243 0.05%. Litecoin $ 47.71 1.73%. Alle Kurse. Bitcoin-Marktplatz OpenBazaar integriert Tor . Startseite; Aktuelle Artikel im Überblick; Krypto; Bitcoin; Bitcoin-Marktplatz OpenBazaar integriert Tor . von Sven Wagenknecht. Am 12. September 2017 30. Juni 2019 · Lesezeit: 1 Minute. Sven Wagenknecht ...
This video explains how you can buy Bitcoin via credit card and send the Bitcoin directly to your favorite wallet. I used Binance BTC wallet as an example. O... 💥Sign up to Binance and Cut your Fees in Half Here https://www.binance.com/?ref=11093903 MUST WATCH *****UPDATED 2018 VERSION HERE*****... !!👨💻 SET UP A BINANCE US ACCOUNT 👩💻 !! https://www.binance.us/?ref=35000644 Binance US now allows you to use a Debit card to make purchases ... New Binance exchange tutorial 2020. How to deposit and withdraw, how to use the exchange itself and we also discuss some more features of the Binance platfor... What is a Stop-Limit Order? Learn about Stop Limit orders and how to use them on Binance the Cryptocurrency Exchange. Subscribe to keep up to date with more ... How to buy and sell Cryptocurrencys on Binance. BitCoin and Ripple Binance https://goo.gl/AzWFhh Once you buy or sell $100 of digital currency or more will g... Binance.US - America's New Home for Digital Asset Trading. Get started in minutes once you set up an account with Binance.US to buy and sell cryptocurrencies... I showcase how to buy bitcoin/etherium/litecoin/bitcoin cash and bring it to the binance exchange. IN today's video we take a look at how to Use Binance , specifically, how to deposit and withdraw on the Binance Exchange. I've set up a new Telegram group f... It's a good idea to have accounts with other exchanges ready just in case one exchange goes down. When Coinbase went down during the Bitcoin Cash launch, I b...