/biz/ - Business & Finance

>>18095492
For sure.
The Idena blockchain is based on a proof-of-person Sybil control mechanism. Every validated participant has an equal voting power in the network to produce blocks and validate transactions. Randomly selected participants generate block proposals and broadcast them into the network. A random committee is selected to reach consensus about whether to include a block into the blockchain.

Fucking love this project

Who knows? The time of shitcoins revolutionizing X industry on the blockchain is over. I have a big bag but keep in mind that we need to hold for at least 5-6 more months. This project was supposed to be in a testnet until Q3

>>18095492
>>18095519
>>18095540
fuck off scammers

>>18095552
Hey pleb whats your favorite coin? Love to hear it

>>18095492
RSR the best for sure

>the Trojan horse file coin theft coin

Sorry no

>>18095758
What do you mean?

>>18095703
This year pleb, also RSR isn’t under the radar..

>>18095492
PNK no doubt

Holy shit this fagcoin is so cringey.

>>18095492
>under the radar
>shilled everyday

>>18096419
Barely shilled retard

>>18095492
RLC
L
C

is the best, V5 soon, adoption very soon!!!!!

>>18096507
20m cap lol

What's a make it bag? And what's a suicide bag?

if it wasnt fucking impossible to get verified then idena would unironically be a good project

the plebbit faggot incels in their discord are hoarding invites

If i buy with 300 dollars, am i gonna make some money?

>>18096912
Bro you don’t need to be verified to make money, i am 2nd round of validation and already made like 300 DNA

>>18096928
Probably. Buy around $0.145

>>18096928

>>18097116
What does that mean?

LMAO the absolute state of IDENA

hello pajeets, how yall doing
scams going well today?
how is Rajput?

>>18096912
nobody hoards invites, if you fail to send out your invite you can't reap the rewards

>>18097690
>>18097641

>>18097641
What are the admins doing wrong?

>>18097824

>>18097864
also the poll is on telegram so all the butthurt pajeets are voting ADMIN BAD

>>18096419
Just wait for a month or two, we’ll be at 2,5k+ nodes, $0.40-0.50 per coin and Bidesk listing
Idena will be spammed here to death

>>18097901
Why would Bidesk list Idena?

>>18095492
IDENAs got paid shillers. nice! But so does OGN and this shitcoin is a tleast tradable on binance, backed by youtubes ceo AND going up.

>>18095492
What problem does it solve?

>>18095573
Monero, Decred, Bitcoin

How do they know their "Turing test" isn't passable by any bot?

>>18097989
Also, what prevents me from hiring 1000 Pajeets on Mechanical Turk to pass the Turing test for me?

>>18097969
>Ten years ago, Bitcoin paved the way for reliable censorship-resistant digital cash, truly distributed infrastructure, and innovative leaderless governance. It was followed by Ethereum, which has proven the concept of global general-purpose computing and formed a vibrant ecosystem of decentralized application developers.
>Over time, the validation of public blockchains got pooled in the hands of a few miners, making it easy to form cartels and distort governance. There are 13 controlling pools in Bitcoin, 20 distinct miners in Ethereum, and 21 block producers in EOS. Fifty percent of Ethers are owned by 400 addresses. The “Proof of Stake” mechanism will only make the distribution more extreme — the rich become richer. Such is the nature of money.
>We believe that a cryptoidentity is the building block of the decentralized future. Such an identity can be constructed to be anonymous, self-managed, and valid globally, no matter where the person lives. No trusted authorities are needed to achieve this. All we need to know about the account is that there is a single living person to whom that account belongs. We call it Idena.
>One person - one vote
One person - one vote is a fundamental principle for democracy and a foundation for the future blockchain technology. We believe in distributed governance and the wisdom of the crowd to achieve stability. Advanced voting mechanisms like quadratic voting could improve distributed governance for everyone.
https://idena.io/?view=manifesto#

>>18097976
Too based for this yak milk fermentation forum

>>18098013
>is a fundamental principle for democracy
Democracy is exactly the problem we're trying to get rid of. It's not the solution. Democracy leads to quantitative easing, high taxes, and gibsmedats for the poor.

>>18097929
Because they run many low cap coins and are a very BASED exchange

>>18095492
Post dev team. Why would I invest in a coin when I dont know if it's run by chinks or not?

>>18097976
>dickred and moreno
What is this, 2016? Get with the times anon.

>>18098003
read the faq

>>18098185
"Bitcoin? What is this, 2011? Get on with the times"

Yeah follow the latest trends/fashion, that's how you will make it!

>>18098260
>Yeah follow the latest trends/fashion, that's how you will make it!
Yes, that's actually how I've made it. Why would you hold on to shitcoins that've already peaked? Are you stupid?

>>18097641
>>18097824
>>18097864
>>18097888
kek i'm unironically switching between different ip's on opera to spam the poll. i spammed last poll with "i'd rather RISK my $ to buy my invite" too bc the faggots create polls with loaded options.
i do hate the admins tho, they're entitled shitheads.
the "idena prime" faggots are even worse.
the best part is this is all making my rich

>t. 80k dna

I wanna test this, how do I get an "invite"?

>>18098389
>Yes, that's actually how I've made it. Why would you hold on to shitcoins that've already peaked? Are you stupid?
I made it by holding Bitcoin since 2011

>>18098592
Probably easiest to get one on the Discord. Try #flip-school-general.

>>18097690
Greedy kikes are asking for money/crypto for their invites.

>>18098715
fuck em, i gave mine to a /biz/tard last week. Next week I'll do the same.

>>18099251
based, save one for me

>>18099365
can you make decent flips? you can post some examples here or send me an email. I'll give you my code after next validation (monday) if your flipskills are decent.

>>18098463
this

>>18098693
doesnt work, the shithead prime members dont give out invites anymore

>>18096662
Just run the node and mine it

>>18099861
Probably better to ask the day closest to the validation period or the very same day it takes place, most have already given out the invites right now. You gotta show that you know how to make flips since a lot are hesitant to waste on people who aren't even that interested on the project.

>>18099861
The invites given out for flip school are from Andrew, they're not hoarding them. He gave them 20 for this epoch and 4 have been sent so far.

Most comfy hold at the moment

>>18101327
How so? asking out of curiosity.

>>18101514
Extremely low mcap and the only coin that’s held its sats values in the last few weeks despite a global bear market. I got in 1 month ago when it was first shilled, one of the most promising projects in crypto right now imho

>>18101635
Based

>>18101327
Probably most comfy hold of this year..

>>18095492
You've been hopelessly shilling this shitcoin and literally not even gullible faggots are taking the bait.

Sorry, mr.Pajeet & Clones, you will have to keep your bags for decades.

>>18102136
Still haven't made my decision on this coin, to buy or not.

This is the stupidest thing

/biz/ unironically isnt worthy of this project. just let them wait until its on a bigger exchange and shilling becomes critical mass. at this point theres only a few threads daily and one of them usually manages to get 200+ replies

Our faces aren't real, but our money is. Welcome the digital dollar and long btc ogn zano

>>18095492
Literally Pi Network tier

>>18104005
>>18102451
>>18102136
(You)

>>18104005
This was literally defuded in yesterday's thread
id: tpoLj8kB
>>18077179

Idena is great I am mining. Look into ZNN as well.

>>18100690
Can confirm, andrew gave me an invite in telegram

>>18101635
based
>>18102596
based
>>18102136
I'll happily hold and grow my stack since I got my bag for free. If this shit moons I'll literally have made it for fucking free, and same goes for you, however it's sad how tirelessly you're trying to FUD Idena to mine a half a token more than you would otherwise so I hope you fail your validation

Hello new to this board
It seems that the most accreditated projects in the Oracle-court space are kleros and IDENA
I see often people praying others for an invite into the IDENA
Can I ask why are invites so important?
If I get an invite I can have free coins?
What If I would buy them? (rich here)

>>18104473
Pajeet identified

>>18105026
It's a textbook Ponzi similar to the likes of Pi Network. You can't get in without an invite

>>18105068
Kek whatever you say faggot, stay poor. There isn't even good fud, all of it gets btfo'd. Comparing this to a literal retard pyramid scheme like Pi is comparing apples to fucking celery

>>18095492
not on ethereum
not happening
sorry

>>18105097
Invite rewards stop at your invitee, you don't gain anything from their invites. And it's to prevent sybil attacks with the network since it's still in the early stages and also to prevent Rajesh from shitting up the network with his poo in the loo flips. Although this coin is basically pajeet proof, they all get kicked from either the shit quality of their flips or their 1MB internet connection in a Mumbai slum. You seem very personally invested in fuding this, why are you wasting your time? It's clear you don't even understand a pyramid scheme in the first place

>>18105195
/biz/ is so jaded from 2 years of pajeet shitcoins lel
>implying anyone would be interested if it was another erc20 garbage shitcoin

>>18105195
Idena is built partially from eth-code. The addresses are compatible with Ethereum and the Idena key can be used for the Ethereum wallet. Potentially Idena can be integrated with Ethereum in the future.

>>18095492
Their code is so clean, without a doubt.
https://github.com/idena-network

>>18096067
I mean this shitcoin was stealing people’s wallet a month ago with a Trojan horse

>>18106697
That was fud to accumulate topkek, the sats were also in the 700-1000 range

>>18105097
Please maybe read a single sentence into how the nodes work before claiming such dumb things..

>>18105068
kek based

>>18100690
Yeah i received one too. Make it clear that you are not a pajeet or chink

>>18106697
This:
>>18106899
Though, while official website downloads never contained malicious code, this is partially true because there were cases of random people posting download links to infected versions of client/node in official telegram channel which was at the time barely moderated and so those weren't taken down instantly.

the fundamental problem with idena is that it assumes 1 white person is equivalent to 1 brown person, which we all know is incorrect.

>>18107982
just lurk the telegram, it's full of pajeets!

can someone tell me why is IDENA so important? Which problem does it solve?

>>18109339
Equal distribution of wealth and power.
See >>18098013

>>18109452
Literally what crypto was invented for in the first place and in which any project until Idena has failed.

>>18095519
> A random committee is selected to reach consensus about whether to include a block into the blockchain.
Unless they somehow add a shitload of validated accounts once in production, this can be exploited by the early adopters (since the random commitee can probably know each other or make small cliques easily).

>>18109852
that's not how any of this works

>>18109852
Thoughts >>18095519 >>18095492 >>18095540?

>>18109852
you’ll eventually be sharded into into random groups which will form the committees. that process hasn’t taken place as we aren’t far at all into the roadmap

>>18109852
The committee size is 30% of online nodes, final committee size is 70%. It's very similar to Algorand BA. You can pretty much refer to their papers on this.

Sharding's not implemented yet and there's no information on it.

>>18109452
>Equal distribution of wealth and power
who cares about? seriously

>>18110656
this was the philosophy behind crypto before asics and subsequently chink mining farms. sybil attacks were always a worry but never became more prevalent until later on

>>18110730
>sybil attacks were always a worry but never became more prevalent until later on
but today you can't sybil attack bitcoin even if it is asic

its not even up for argument, Idena currently has the best discussion for technicals/philosophy for cryptocurrency out of any altcoin on /biz/

>>18105202
Based retard, enjoy your first Ponzi, one day you will understand. At least Pi Network doesn't make you waste time and bandwidth, you will like that

For anyone reading this,

PEOPLE ARE ORGANIZING IN A TELEGRAM GROUP TO PROMOTE THIS THREAD.

MODS DELETE THIS THREAD. ALL OF THE REPLIES ON HERE ARE FROM THE SAME GROUP.

>>18110851
I'm not sure if this is weak fud or you're making fun of Pi.

>>18110868
post link

>>18110886
The latter, I'm actually diligently mining and buying on qtrade, becoming human soon

>>18110868
your time to fud was 4 weeks ago for accumulation, I understand there’s still time but if you don’t have a suicide stack by now, it’s on you

>>18110955
good luck, i'm 88% myself. got shafted last validation session.

>>18110955
Almost verified oooo

>>18095492
scam

>>18110886
why this and not kleros?

>>18111953
Why Kleros?

>>18095492
Fuck that. Let's all focus on anon blockchain like Zano, it's like 1000 times more useful.

>>18112243
Idena is also going to implement privacy so no need to buy that shitcoin..

>>18111953
They're not really that similar to compare them, both are good investments

>>18095492
First I'm hearing of this. Sounds pretty based.

Though I'm not totally sold yet on this flip thing. What's to stop me from simultaneously solving the flip on two different computers simultaneously?

>>18112577
You have 2 minutes to complete the short session on both machines. It's doable but pretty hard, if you get unlucky with shitty flips it will take you around 1:30 min to complete 1 session. 3 is near impossible

>>18112577
Nearly impossible (maybe inpossible) for one human to do 2 at the time XD

>>18112639
Oh, so it's not a hard check on one person per address. It just ensures that one person can't spam into a million addresses and overwhelm the vote.

I'm sure some people will figure out how to do flips really fast and do 3 or a few more.

And it's not clear from the whitepaper how the flip rewards are enforced. What if there is near consensus but someone doesn't understand the flip? Does this coin just dab on people who can't abstract? Ngl part of that sounds pretty based, but it seems ripe for practical error.

>>18112577
there’s most likely someone hosting it on a vps/local connection but the short flips can be fairly time consuming. I think you have 20 minutes to complete the long flip but I completed mine with 10 minutes to spare after going through and double checking everything again. 3 would be seriously pushing it though, with just the time that you’re given to solve them. willing to bet just a tiny fraction of people have 2 to be honest

>>18112789
you report flips if they’re not in a sequence or the keywords don’t relate to what was originally given, so a flip can be booted off by consensus. but if consensus is reached that the flip makes sense and you get it wrong that’s on you desu. you’re allowed a few errors in the long flip iirc, I’ve answered 100% with a couple long flips reported because they had no sequence in each session

>>18112789
You can invite your family/friends but that just proves 1 node = 1 person
Really, it's damn difficulty to achieve even 2 validation as 1 person.
>Does this coin just dab on people who can't abstract?
It does, however if a flip is considered to be a good flip it should be easy to tell the storyline.
>https://idena.today/history.php
You can see statistics on flips here, last epoch 2577 flips got a strong consensus, 127 qualified with weak consensus, 127 were not qualified and 28 were outright shit/unrelated to the words

>>18095492
I want to take my chance into the unknown abyss of the future. Idena is a novelty and employees human consensus per node. Its understandable to have doubts but just like I had my doubts in case of both Bitcoin and Ethereum before buying them way back, I would hold Idena while having the same tiny doubts. Most probably the result would be the same as was with BTC and ETH. So hey anons......... Get some just in case....

>>18112932
kek the highest # of transfers was when this was first shilled on biz

>>18113288
some big boys bought bags. was around 26 feb, 700 sats

How do I get invite codes?

Apparently there aren't many people on the telegram and I don't have permission to talk on the discord.

Anyone want to help an anon out with an invite code?

>>18113587
Ah, never mind.

>>18113017
Based

>>18113425

>>18114089
Based.

>>18114089
You are going to be really wealthy my fren

>>18095492
aaa

>>18113288
I'm personally close to being all in. No reason to hold anything outside this, BTC or ETH.

>>18112789
Yeah if you lack imagination, you're literally not gonna make it

does Idena need chanlinc?

>>18115995
DNA being embraced and adopted by companies/normies and Chainlink being the oracle is the best timeline desu

>>18095492
I really wanted to try and like this but god damn it is autistic as fuck just to even get in

>>18116229
It was easy for me a few weeks ago but I’d imagine the supply is limited and the demand has grown a lot higher (hence why it was hardforked so people would get more invites day). Just make it clear you’re not a pajeet and express interest in the project and you stand out more than 90% of everyone there. Also Andrew (one of the devs) is giving away invites to people who do flip school on discord, which is extremely autistic but helps guarantee you an invite more. This is to ensure the network isn’t dogshit, imagine literally anyone and everyone submitting pepe flips or porn flips without any trepidation they may get kicked off because they didn’t really give a shit in the first place. It would be an absolute nightmare.

>>18116229
Get in the discord, show you can make flips and i'll give you one, have to wait till monday though.