This project looks like a dark horse. I have not seen a project like this before, the nearest I can compare to this project is Nano, which did a over 9000% ROI run in 17/18.
This project looks like a dark horse. I have not seen a project like this before...
You can mine on a laptop and receive equal amount of pay. No other blockchain can claim this.
The devs are literally too autistic to care about price or new exchanges. Unironically over soon if no big news in the coming months
how is that bad? devs should focus on the tech not moonboi talk, this will pump for sure, it may take a while because marketing is not a priority but sooner or later it will be, enjoy good mining rates and low prices while you can
that's a good thing. think about Chainlink, their team doesn't care about wen moon sirs pajeets either and just developed their project + connections for years.
What value does the token have?
Why is this even a thing? It seems like running a blockchain based on humans instead of mining hardware.
The way I see it, the thing really starts to have value once something 100k or 1m people are on the network. Almost every person will be mining (assuming the price increases), making it an incredibly decentralized blockchain.
Proper usecases need to be sorted out still, but having a completely anonymous network of people that you KNOW are humans has a lot of potential.
Problems with the project:
1) No regular person, who is not a NEET, has the time to do a validation session. Here in the UK it's at 2:30pm, which is a time when most people are working (unless you're lucky and validation happens on a weekend). Unless there is widespread adoption (and I mean widespread) and there is a worldwide recognition that people have to do validation at this set time, it will never be useful. This will never happen due to the fact that for widespread adoption to happen people have to suffer this until then. Even if it changes so that validation happens on a weekend, there are cultural differences that means that some people wont be able to validate, plus some people actually do stuff on weekends instead of browse Zig Forums.
2) Culture affects flips quite a lot. What seems obvious to you may be very confusing for someone, in let's say, China.
3) You can run more than one human node. For me this is a dealbreaker since the whole premise of the project is that you can only run one, so it fails at the core problem it was supposed to fix. They aren't planning on changing anything about this either because it is fundamentally broken.
4) Normies will just log in with Facebook or Google or something, too much effort to have a human Idena identity.
5) "Muh UBI" - The reward drops proportional to the number of people on the network, so the rewards will be worth pennies by the time this project becomes universal, which it wont.
I've heard in my time that the lead developers wanted the invites to only be distributed among your family members and friends, which is just delusional (who's family is interested in crypto lmao). This just shows the overconfident attitude the devs have, that this will automatically take off when it clearly wont. Sure it seems to solve a "gap in the market" so to speak, but it has many flaws and deluded devs.
The devs are going to address points 1 & 2 with sharding, which will have shard specific validation seremonies.
800 people did not show up to the last validation. That's 31.5% of all people on the network. If you don't think this is a problem then there is no helping you. The network primarly consists of NEETs and community developers at the moment, so with a failure rate of 41.66% in total with people that should have the time to do validation, imagine if normies ever got on the network, that actually have other things they have to do.
What's stopping someone from setting up a VPN in some other country and do two validations at different times
Nothing, the devs admit that the nodes are not 100% run by unique humans. Compared to other chains which are basically whale operated farms that's a non-issue.
you have to do them at the same time...timezones google it
this board is fucking low iq.... you can run more than 1 node, but you need to do it at the same time...
This discussing was about the plans to have shard-specific validation sessions.
This user: seemed to suggest otherwise. So will sharding change the time based on location or not? Either way is bad since if it stays as it is, then problem 1) is still an issue. If it is different, then just use a VPN to have like 12 nodes.
>this board is fucking low iq.... you can run more than 1 node, but you need to do it at the same time...
I am currently running 3 human nodes. Don't you think that is an issue?
I only use this because it seems like the devs actually give a shit
Something very rare in the cryptosphere
I have a bag but I'm not setting up a vps to mine this shit, missing validation by such a small timeframe is so fucking dumb and is, not will, hindering growth.
that was never told by the devs, the validation hour will remain global at least based on the info we have
3 is the max u can run alone, and probably with low scores on 2 nodes. 2 nodes is easy mode. It is a problem, but there is not much you can do about it. there is still a human behind each of those nodes
>there is still a human behind each of those nodes
yes but isn't the whole point of the project that you can only have one? Kind of a big deal imo
>yes but isn't the whole point of the project that you can only have one
The usecases are still valid without this, but the devs definitely need to update the website. In an AMA they have made it clear they have no intention of making the sessions harder/shorter to impede people from running 2/3 nodes (so they don't make it too hard for people running just 1), but the website still has that 1 human = 1 node schpeil.
1) I'm a mechnical engineer on GMT and I have made every validation since epoch 43. I just leave the office for lunch from 2pm to 3pm that day. No problem.
no, the point is proving that a node is operated by a human and not a bot. It is not possible to prevent running 2 nodes with the current system. Even the developers said multi nodes (2) are not a big concern. Obviously this does not allow for some possible "use cases" but not much you can do
I missed this validation again due to network slowness. Its constantly killing my router making me offline for 5 minutes in certain periods.
go vps, you can get them for free following refs
Getting behind a VPN or upgrading your router will solve you problem. The client slurps a lot of ports. You can also get a VPS.
I had the same issue, running a node would kill my router once an hour or so. I just switched to using a VPS.
if you need an invite hit me up on telegram at @idenaplug
thanks just paid for one I will try to make it work