crypt0z [x0z] - An experiment on Blockspace Economics

[calem]

Specifications


Crypt0z is a litecoin v0.8 fork using scrypt as a proof-of-work algorithm with 32MB block sizes and the diffusion of innovations in replacement of the standard halving adopted by 99% of cryptocurrencies.
Everything else is pretty normal.


››› • {Releases} • ‹‹‹

• 32 MB Blocksize (On-Chain Scaling)
• 2 hour difficulty retarget
• 2 minute block targets
• 30 minutes for full confirmation
• 99% of coins produced over ~5 years using DoI minting schedule
• ~25 million total coins
• +much more planned (Starting with Atomic Swaps)[/center]


Diffusion of Innovations





››› • {Wikipedia} • ‹‹‹

››› • {Minting Schedule} • ‹‹‹

››› • {Chart} • ‹‹‹

Diffusion of innovations is a theory that seeks to explain how, why, and at what rate new ideas and technology spread. Everett Rogers, a professor of communication studies, popularized the theory in his book Diffusion of Innovations; the book was first published in 1962, and is now in its fifth edition (2003).[1] Rogers argues that diffusion is the process by which an innovation is communicated over time among the participants in a social system. The origins of the diffusion of innovations theory are varied and span multiple disciplines. - wiki

Code: Select all

{
        Xheight = nHeight * 0.0000038051750381;
        nsubsidy_function = ((3583.5719028332051*(pow(Xheight,8))) -(67959.212902381332*(pow(Xheight,7))) + (500144.30431838805*(pow(Xheight,6))) -(1806581.9194472283*(pow(Xheight,5))) +  (3537339.4754780694*(pow(Xheight,4))) -(4712758.2800668897*(pow(Xheight,3))) + (4535015.6408610735*(pow(Xheight,2))) + (834937.06954081857*Xheight) + (1000845.7073113875));
        nSubsidy = ((floor((nsubsidy_function*(1.0/60000.0)*0.33757734955)*100.0))/100.0) * COIN; // our emission curve [no. of coins per block]
}

Bounty Wallets / Premine ››› • { Premine} • ‹‹‹

250Kx0z Address still contains HIYATUS.DEV | Hiyatus crafted the DoISMS math to my specs. This project was impossible without him. - http://18.217.129.225:3001/address/CRfC ... 7FMftN84uY

Community Funds with 01 (can be found on x0z Discord - http://18.217.129.225:3001/address/CdWa ... i4HZkS39Am



HIYATUS.DEV | CALEM.DEV | MEANX.TRADE - https://meanxtrade.com/ | 1ST.POOL - https://x0z.magnificentpool.com/ | 2ND.POOL - http://pool.fatpanda.club/







Windows Wallet


https://github.com/CalemS/crypt0z/releases/download/v0.9/crypt0z-0.8.7.5-win32-setup.exe





Exchange




Mining Pools

https://x0z.magnificentpool.com/
http://pool.fatpanda.club/
https://umine.org/


White Paper - [DRAFT] {WIP}

Abstract. A purely peer-to-peer version of electronic cash with on-chain scaling now exists with Bitcoin Cash. The issue at hand is the emergence of the ever increasing competing alternatives and the additional volatility this brings to the market as a whole. Due to the nature of societies adoption rate of new technologies and the standard block reward halving mechanism employed in 99% of Proof of Work networks, there exists the need for a stable and liquid cryptocurrency as a major fiat entry point into all pairs. Tether is one solution currently in operation. This paper proposes a truly decentralized alternative outside the control of any central authority.


1) Introduction

It appears to have become consensus that coins and tokens must either follow the halving standard set by Satoshi or are to be completely produced up front like the common ICO. The Crypto Community as a whole has come to rely almost exclusively on centralised exchanges serving as trusted third parties for fiat entry into the broader crypto market. While the system has allowed for mass adoption, it can not avoid the inherent flaw built into the incentive model of all major cryptocurrencies. Tether is one potential solution but inadvertently is still at the mercy of the production rate of the coins and token holders it serves to help.

What is needed is an alternative to Tether built on it's own Proof-of-work backbone in order to also break away from the ties to the US Dollars inflation rate. Using the Diffusion of Innovations to model an inflation rate, along with an industry supported mining algorithm Scrypt a tried and true alternate to sha256, assisted with the growing support for the Atomic Swap network, a potential now exists to solve a long time debated issue surrounding volatility. Crypt0z is at it's core, an experiment.

Questions surrounding the valuation of empty blockspace, 100% fee based network operation and adoption rate mechanisms will weigh heavily on the Cryptocurrency Industry in the coming years. The information gathered over the 60 month production rate serves as a proof of concept which will assist in advising not just present and future cryptocurrencies but investors, governments and institutions alike.


Roadmap etc

Tipbots / Rebranding

Atomic Swaps

more details to come




(Coin Logo + Banner) Icons made by http://www.freepik.com from https://www.flaticon.com/
is licensed by http://creativecommons.org/licenses/by/3.0/ Creative Commons BY 3.0 CC 3.0 BY
(ANN Icons) Icon License: Linkware (Backlink to http://www.social-media-icons.com required)

[CSZiggy]

why bother, no one cares.

[Steve Sokolowski]

I think someone really likes deadpool2....how about it Zeitgeist??


So...you made a new fork of a coin so you could hold 8% of it to sell if/when it ever takes off?

DOA in 5 years time when everything is mined out?
If all the coins are produced in ~5 years, why would people still continue to mine that coin and hash on its network?

I'm going to suggest to Chris to add this coin for mining - since it's a scrypt coin. But I don't know if it's listed at any exchanges.

[CSZiggy]

why bother, no one cares.

[calem]

Hey thats a bit harsh. With the way ICO's do it I'm pretty sure im been really transparent here. I'm just one guy and ive spent 5 years strugling to get this point because those who could code did nothing but laugh me away every time.

If that's going to happen here then so be it. I'm use to it.

If you have any questions you would like me to ask though, ill treat you with the level of respect you have yet to shown myself.. And thats nothing special.. just like you know. Been general polite.

btw. I only have 201280.267422x0z

The rest has been dispersed to fund the project as the price grows. You are more than welcome to go reach out to those individuals.

This is how we use to do it back in the day. What you want me to do an ICO? I can't... this is all about the production rate and adoption rate..

It's listed on 1 exchange. One that is in beta and not resposible if you lose it all, wallet locks, or they go AFK unannounced.

https://meanxtrade.com/register

Inmean is a friend I made through LCC. I can understand why you have no reason to trust him but 250k of the premine is dedicatied to building up that exchange so it can handle demand hopefully if it comes.

I'm targeting Atomic Swaps as its vital for the project. Ill be rebasing with peter bushnell, im sure you know how he is, to bring the code up to the point where even i can submit the required info from the source to jump on Barterdex. Ive already spoken to their devs..

Oh and di I mention i was the guy who commisioned the first cuda miner for neoscript for 10btc and GAVE IT AWAY.. I was the ftc project manager. This is my real identity. I can't run. And crypto is way to important for me to throw it all away for a cash grab. If i had evil intentions i would go about this differently..

I would ICO xD

btw deadpool 2 was ok i guess. Ive been into gas masks and latex and fetish long before the first standalone movie was released. Personally, I prefer Neoprene though.. Wait what are we talking about again? ryan renolds sexy butt.. thats what..

[calem]

I think someone really likes deadpool2....how about it Zeitgeist??


So...you made a new fork of a coin so you could hold 8% of it to sell if/when it ever takes off?

DOA in 5 years time when everything is mined out?
If all the coins are produced in ~5 years, why would people still continue to mine that coin and hash on its network?

I'm going to suggest to Chris to add this coin for mining - since it's a scrypt coin. But I don't know if it's listed at any exchanges.

I'm more than happy to chat on medium in any manner you wish. Heck come over to adelaide and we can chat over sushi, it doesn't bother me. The exchanges thing is brutal. Places want a min of 5-10BTC and they wont even look at me cause im just some "shitty oldschool scryptcoin"

The guy who listed me I saved his butt when I was an LCC mod. So I'm lucky to even be on a Beta exchange. One i might add x0z will be fuinding to secure at it scales..

[calem]

I think someone really likes deadpool2....how about it Zeitgeist??


So...you made a new fork of a coin so you could hold 8% of it to sell if/when it ever takes off?

DOA in 5 years time when everything is mined out?
If all the coins are produced in ~5 years, why would people still continue to mine that coin and hash on its network?

Hey you do know how bitcoin works don't you?

Spoiler alert, it has a cap too. Il let you find out what that number is ..

One day, BTC will have to survive on transaction fee's alone...

What do you think of half the point of this experiment is? The 5 year period is so we can fast track this. I expect to be replaced by a much more technically superior coin using the Diffusion of Innovations that will stand the test of time.

Ive spent to much time. 5 years. working to this point. even taught myself the basics to code and fork and make servers etc just so i can see this idea have just 1 chance. I'd be lying if i didnt feel insulted by your remarks but whatever. It won't change the fact that ill keep trying. If not here, elsewhere where I might be given just half a chance to represent my idea instead of just been ridiculed off the bat.

What on earth happened to the community i originally joined..

If all the coins are produced in ~5 years, why would people still continue to mine that coin and hash on its network?

Rick Reacts: But How Will The Miners Get Paid?!? - https://www.youtube.com/watch?v=aZXIMT7CmGo

[calem]

I'm wondering how much I should give away on twitter. Give me some feedback as to what people think would be fair. I'll get all the individual premine receivers to make up 50% of what comes out of the community pool. How's that?

I was hoping to do this further down the track when I had more eyes on the project so distribution could be a little more spread but I guess theres no harm in doing a small one now if means building trust here and abroad.