Follow @nxtchg

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Messages - Titulaer

Pages: [1] 2 3 ... 5
General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: January 10, 2019, 11:46:45 am »
This drives me crazy... It doesn't seem like I will be able to accomplish anything until I fix my goddamn health somehow. So that is my priority #1 right now.

Thanks for taking the time to respond. I hope you feel better soon.

Some of us will wait patiently for good news. Just ignore the rest.

General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: January 05, 2019, 09:37:12 am »
Wait, is he @howelzy?

Sorry wrong link. NxtChg retweeted a post from @howelzy:


General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: January 04, 2019, 08:01:33 pm »
I wonder if we ever hear from Overlord again or it will eventually turn (if not already) into another scam, but this time disguised as perfectionism.

It was(/is?) more an experiment than a scam, like all serious initiatives in the Wild West of Crypto. Nobody knows if it's all gonna work out in practice. Experiments can fail. And maybe this one did, whatever the reason. But even if it did, with a little bit of luck lessons were learned and that might even lead to something new.

Or maybe he is just sad that they messed up Bitcoin Cash, after spending a lot of time on Bitcoin Cash projects:

Also, he retweeted something two weeks ago: So it seems he was still alive not too long ago. :)

General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: July 21, 2018, 06:37:28 am »
Are you still alive, NxtChg?

If so, any progress on SimToy? :)

Meta / Re: A new forum?
« on: April 23, 2018, 03:19:35 pm »
It's nice that sites like reddit provide a platform for discussions, not sure if something like this is available for forums.

Can't we just use Reddit..?

It would also be nice to export all existing posts from here and move there. And also to have a federated protocol that allows moving data to another server easily or creating a mirror server for backup. Maybe some good open-source engine?

It's probably possible to write a simple program that parses the SMF data and posts it to Reddit using the Reddit API. Reddit data can also be exported.

Anyone knows something like this? Other ideas? looks interesting, but it seems it is "community moderated" and it is not web-based. I'm not sure if that's something you want.

Having both Reddit and Slack (or a clone) is probably enough.

General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 23, 2018, 12:42:14 pm »
I've got some questions:

So I've implemented time locks: now any account can be locked for a certain period of time with unspendable amount and a spending rate (max 42 M SIM / day).

Who decides about the locking of accounts? Senators?

In addition to that, txs from Genesis will require approval of one or more "senators" - elected accounts with delegated stake. They will decide when to spend, how much and which account to forward the money to. To approve Genesis tx a certain quorum of senators must co-sign it.

Are you not afraid of sockpuppets and other forms of corruption? And don't you think people will disapprove the centralized aspect of using just a few people who can make decisions?

This will allow you to delegate your stake to whomever you think represents your interests best. Senators power should probably be limited, for example they won't be able to block any money transfers or accounts.

Does that mean SimToy will use the DPoS mechanism for consensus?

Can non-senators submit proposals as well?


Will you create a separate 'ANN' post for SimToy?

General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 16, 2018, 04:05:57 pm »
[...], so the only kind of return possible is some sort of old-to-new shares conversion.

There are some examples of coins who did this successfully, like Crypti -> Lisk. A big difference though, is that Crypti had a working product.

General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 13, 2018, 01:00:03 pm »
Both of you need to seriously cool off and get your heads in order.

General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 13, 2018, 08:44:11 am »
What does it say about the coin if initial investors are not buying any on the release?

It says about the coin that it should be used in light of the promise that "blockchain technology" (buzzword alert, sorry...) will change the world for the better, instead of being a get rich quickly scam. The current hype is fun and makes some people a lot of money, but it is not sustainable in the long run.

General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 13, 2018, 06:49:47 am »
So now we don't even have 0.04% but only 0.04% over time. Well played.

What I understand is that the initial supply will still be 400 million at launch. So us early investors will still have a relatively large share of Simcoin at the start. This share will get diluted over time, so I don't really see the problem if you sell early.

In case the 400 million gets released gradually we will suffer some share dilution, but only a small amount since the 1 trillion also will get distributed gradually. This can take years, or even decades. So plenty of time to take some profit.

It doesn't make sense if only a few people hodl most coins of a cryptocurrency. What you want is proper distribution and real life usage. It seems the majority of the people in crypto now are greedy traders who only care about making as much money as possible. This should change and it will change. Maybe adding a trillion of new coins doesn't help the greedy trader now, but later it might help the people who will actually use it as a medium of exchange.

General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 12, 2018, 01:06:22 pm »
You don't think Sim will be dead born with 99.6% of supply locked and 10000% inflation a year?

Would you personally buy Sim after the release if you'd know that in a week its supply will be doubled? And after another week there will be released another billion coins and every single week for the next 10 years 1 billion coins will be flooding the market.

Let's say Overlord wants to control 99% of supply for some reason. Then why wouldn't he just lock most part of our 40% supply and release our coins gradually withing 3-5 years? That would make way more sense. I'd be totally fine with receiving 1% of my coins every week if he thinks it'd somehow help the project to succeed. But making 1000 time more coins out of nowhere and locking it is pure madness.

Read what NxtChg posts:

One idea, as I mentioned above, is to hard-code a release schedule from a locked account, and also add some form of voting for how and when to spend it. Splitting it between multiple "funds" with different purposes (i.e. marketing, development, etc.) is probably also a good idea.

I would like to hear other ideas.

He doesn't control 99% of the supply, the code does.

Maybe an idea is to release a part of the new coins to long-term hodlers and a smaller part to short-term hodlers? Like receiving interest from a bank?

General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 12, 2018, 12:15:32 pm »
Now you alter your plan to the disadvantage of your financial backers.

I have before me two conflicting interests:

1. the greed of investors who just want to dump to the next sucker and get rich
2. the long term well-being and success of the whole project

Guess which one has a higher priority.

Nobody cares about your priority. Either you stick with the initial plan or your project is ruined anyway because no one will trust you in future.

NxtChg worked tirelessly on Simcoin for 4(!!) years with a relatively small budget. It is almost a miracle he didn't give up yet, even now it is clear that the initial plan was too ambitious. So what do you expect of him? Should he continue to try to realize the original idea, even if that doesn't make sense at all and will probably result in failure? Or maybe he should just quit and vanish into thin air? In both cases you will lose your investment.

But no, he chooses to continue on a new path because he still thinks the world needs something like Simcoin. He wants to learn from past mistakes and make something better. And even though he owes us nothing anymore because the original experiment we invested in failed, he still tries to give the original investors something in return. Who does that?? Just take a look at Do you think all those initiatives compensated their investors once they failed? No, they just took the money and ran. Why? Because they are like you. Just think about that.

General / Re: [ANN][SIM] Simcoin - A Simple Coin
« on: April 11, 2018, 06:42:48 pm »
If I just hold my BTC instead of investing it in Sim I'd have $150K by now.

Sure. If I invested $400 in Bitcoin in 2012, I would have been a millionaire in December 2017. I'm sorry, but you can't think like that. You don't have a time machine, as NxtChg already stated. The investment in Simcoin, like all investments in the crypto space, was very risky and did not guarantee anything in return. You took the risk, it didn't play out the way you thought it would (yet), and you lost. Please stop whining, take it like a man and carry on.

Or, another idea is to try to actually do something about it and help to improve the situation. It's up to you, really.



I, for one, am glad you didn't give up on Simcoin entirely. Building a less ambitious and even simpler version of Simcoin is perhaps the only way to prevent the end of the project, so I like it.

I do have some (hopefully constructive) criticism though.

The technical limits I stated are just for version 1.0. They can be improved further. The TPS can grow. Confirmation time can be improved by building another mechanism on top of 1-min blocks and can be decreased to 1 sec later.

Isn't this the exact problem Bitcoin is having for a long time already? I understand sometimes launching a product is more important than trying to make it perfect forever. Without the launch of the (imperfect) Bitcoin, we probably wouldn't have been where we are now. It ignited an evolutionary process by launching a revolutionary product. Everything that comes after can improve on the original idea and gradually change into something perfect. For SimToy I'm not sure if just simplicity will be enough to survive in the violent crypto revolution. Something like a high TPS-rate is something you really need if you want to be a big player. As a (wannabe) programmer I understand limiting the TPS makes actually building the thing much easier, but from a marketing perspective it's horrible. ::)

Maybe answering the following question will inspire some more confidence in your minions:
Do you think after SimToy is complete, it can gradually grow into a real Simcoin?


Maybe a bit offtopic, but have you looked at Radix (formerly eMunie) recently? They seem to have solved the scaling and transaction speed problem. Their testnet is currently handling 4000+ TPS: I can't say anything about the quality of their code though.


Also, +1 for JSON and +1 for Ragnar Lodbrok 8)

General / Re: NXT
« on: March 12, 2018, 01:09:51 pm »
Somebody should write a detailed post mortem for NXT...

A bit off topic, but when are you going to write a detailed post mortem for Simcoin?

General / Re: NXT
« on: March 10, 2018, 07:47:07 am »
Anyone is still paying attention to what's going on there? Any ideas why it's such a miserable failure?

It seems like Nxt is superseded by Ardor and its first child chain Ignis. Jelurida's roadmap says "From Nxt to Ardor, Blockchain History in the making": Ardor was launched this year on the first of January and their team only consists of four people, so give it some time.

Nxt will probably slowly die like Crypti did after Lisk was launched.

Pages: [1] 2 3 ... 5