/biz/ - Business & Finance

>>10445556
the price actions says all you need to know. grid will never happen.

>>10445873
your right. just cant accept the fact that i got scammed into buying this at 20 sats

>>10445556
How much does the mast node cost?

It’s a heavy bag I got absolutely rekt

>>10445930
10,000,000

>>10445873
>>10445920

The entire market is fucked up at this point anon. Who can really say? I might dump to 3 sats, but for all i know it could be 400 sats eoy.

Time will tell.

>>10448146
if the project had developers capable of doing what they claim it would be 200sats. it's basically a scam.

>>10448650
How do you know this for certain though? They could have dumped ages ago but they seem like they're still trying to make something of it.

>>10445556
They could have exit scammed multiple times by now so why haven't they?

Are they putting in the work to get on new exchanges and implementing zerocoin just so they can pump the price one last time?

Maybe, but if that is true why wouldn't you want to get in at 10 sats now if their exit target is 100? And if there is no exit target and they actually deliver then why not hodl from 10 sats?

The risk:reward is pretty good here

>>10448755
exit scamming is less profitable
they are web developers
zerocoin means nothing for this project
grid is the only reason for its existence and they don't have the resources to pull it off
it will drop to 7 sats and pump to about 25-30

COLX will make us rich. If you don't have any, loading up now will only make you happy.

>>10448874
I've spoken to the devs. The community is mad helpful and legit. And I'm staking coins on a raspberry pi. Nothing like a scam in the way they operate. And there's very consistent effort from them.

>>10448841
>they are web developers
You keep saying this in COLX threads as if it's impossible for the devs to just hire someone that can help them. Do you know them personally? I'm actually curious.
>it will drop to 7 sats and pump to about 25-30
Alright well I guess it's a decent buy soon then.

>>10448874
>>10448893
Why did you reply to yourself?

>>10448650

Dude seriously, they are one of the hardest working teams in the entire cryptosphere. They were early on every single roadmap entry, visited the London Crypto Exibit and made many partnerships. They have changed the reward mechanisms so they could fund their project better now that they're starting work on the Grid; i believe they states in the AMA they are going to attrackt a few more experienced developers.

They are honest and transparant. Will the grid be succesfull? Who the fuck knows.... but this is certainly not a scam.

>>10449324
I agree with this. They're either incompetent/inexperienced or just in a lull. This isn't an exit scam, but it may just be an honest to goodness shitcoin.

>>10449903

Fuck you people are poisonous.

https://briandcolwell.com/2018/07/colossusxt-the-future-of-supercomputer/.html

Article was posted today for those who are interested. These nasty fucks are probably just spreading some fud around because of it.

>>10450112
That article doesn't really ask or have the answer to any tough questions. Cloud storage will never be profitable outside of enterprise settings. Lots of buzzwords being thrown around without any technical explanation of where the team is currently with implementing either cloud storage or cloud computing.

Obviously they can't give away too much, but there is still plenty of room to doubt this project. I'm hoping it succeeds because I think cloud computing is interesting. Cloud storage is absolutely not interesting. I hope they minimize that portion of the grid if it ever comes into existence.

Seems to be a lot of disinformation here. Weather this is a lack of communication on our part through 4chan, or blatant disinformation let me take some time to clear things up.

I'll be around for a little while. Ask me anything.

Feel free to confirm this is me through ColossusXT Discord or Telegram.

We are real. The Colossus Grid is a big job I agree, but it's not to BIG for our team. We're very passionate about what were building. We do look forward to proving any doubters wrong come Q4.

I enjoy the crtitisim when it's constructive.

Any other issues I can address?

>>10450645
FUDers BTFO

>>10450645
Thank you for posting. Honestly I think this is the first time I've seen any project's team member officially come to /biz/. Nice to hear Q4 mentioned. Do you think that will be the date range for a test implementation of the grid?

Different question, and I know the answer might be out there somewhere, but what is the coin's current inflation rate? I know you guys changed block rewards a while back but more specifically, about how many COLX are generated per day now? Seems like there's a correlation between when block rewards were changed and when price started really dropping significantly and I was just wondering if MN owners have been serial dumping since they may be getting much more coins.

>>10450645

Holy crap, it's real. You guys should visit /biz/ more often like this... there is SO much FUD posted here about colx. This is actually nice for a change.

Thanks bro.

>>10450645
Are you aware of what Oasis Labs is doing? They're targeting the same privacy protected distributed computing niche as you guys and have lots of $$

>>10450645
>I'll be around for a little while. Ask me anything.
Are traps gay?

We're looking to have the Colossus Grid Beta out by the end of Q4 for collaboration with partners. Some partners are currently in discussion phases, some are eagerly awaiting the Colossus Grid.

Inflation Rates:

Jan 2019 - 6.99%
Jan 2020 - 6.53%
Jan 2021 - 6.13%
Jan 2022 - 5.78%
Jan 2023 - 5.46%
Jan 2024 - 5.18%
Jan 2025 - 4.93%
Jan 2026 - 4.69%
Jan 2027 - 4.48%
Jan 2028 - 4.29%
Jan 2029 - 4.11%
Jan 2030 - 3.95%
Jan 2040 - 2.83%
Jan 2050 - 2.21%
Jan 2060 - 1.81%
Jan 2070 - 1.53%
Jan 2080 - 1.33%
Jan 2090 - 1.17%
Jan 2100 - 1.05%
Jan 2200 - 0.51%

I've heard of Oasis Labs. I'll certainly take a look at them some more :)

>>10451325
I think you missed my question. I will link it below:
>>10451247

I will also restate so you do not have to scroll up. Are traps gay? If they are let me know, otherwise I will assume you do not think they are. Thank you.

While I said Ask Me Anything. I was really referring to ask me anything about ColossusXT.

Traps as in the muscle? A Trap Door? A Trap as in a trick? I can certainly answer this for you ;)

>>10451325
I mean there's plenty of room in the cloud computing space, and not every offering needs to be gold plated or VC-backed

And if you guys can build a build a working product without massive funding and beat Oasis to market then you'll probably eat their lunch with all the partnerships that will come your way

>>10451311

Thanks for all the hard work bro. It's really appreciated. I've been keeping track of colx since februari and you guys really managed to impress me. By far one of the best teams out there. Keep up the good work and it WILL pay off in so many ways.... anonymous grid computing literally is an untapped market and you guys are seizing it.

>>10451311
Thanks for the response on the inflation rate. Good luck on the grid, actually looking forward to seeing what is in the works.

>>10451467
Never mind, its probably not that important, I think we're all on the same page here. Keep up the good work!

>>10450645

i just bought 300k colx just because of this. No joke. this is the first time i have ever seen a developer take time for /biz/ and silencing a bunch of fudding retards while at it.

Thanks, everyone for the uplifting comments.

I don't often check 4chan, perhaps a 4chan AMA should be addressed soon.

If there are any further questions that I miss here, myself or another team member is almost always available in Discord.

discord.colossusxt.io

To anyone new to ColossusXT. Welcome to the community :)

Verge upcoming Announcement will make this obsolete ... screencap this.... verge chosen as the winner of privacy

>>10450645
>https://github.com/ColossusCoinXT/ColossusCoinXT/commits/master
look at each branch carefully and explain the nothing
>https://github.com/pavik
Your team is 99% marketing and front end dev. Who is going to create this secure grid? Which is a great idea of course, just not going to happen with this team.
Please prove me wrong and I'll gladly go all in because it really is a great idea.

Recent Zerocoin Commits: https://github.com/ColossusCoinXT/ColossusCoinXT/commits/zerocoin

Zerocoin Beta has wrapped up, and we will be announcing the release date shortly.

There are also many many other commits within these branches with commits and development being done. Perhaps we're not making commits at a pace you prefer, but we're not intending to build a poor product to market and our team is very passionate about the Colossus Grid.

Our team is not all marketing and front-end development. Our developers have years of experience under their belts.

Understandably privacy becomes more and more of an issue as we progress. Discussions about how we can safely share more information about the team have been underway, through this discussion with you. I've realized that we need to make an update to the "Team" page on the website to include recent team members and provide more context into our backgrounds for team members willing to.

I see you've only mentioned one developer. Ali, but he works with our other developers, and contrary to some statements above. We are not all web developers either.

Dragan is currently handling the I2P portion of the Colossus Grid. I think there is a misconception with developers for ColossusXT because Ali makes many of the commits.

I welcome your skepticism, as everyone should be initially skeptical of any project. If I didn't properly answer your questions feel free to let me know.

>>10453141
Thanks for your responses. This is good stuff.
>I've realized that we need to make an update to the "Team" page on the website to include recent team members and provide more context into our backgrounds for team members willing to.
I'd also be interested in one team member being listed as "the guy" who is spearheading the cloud computing/grid development aspect, obviously without a need to reveal specifics. At least that way there's some guy out there we can follow and look for commits/updates from as development continues and the majority of the team doesn't just look like front-end guys.

The privacy features are cool but I think everyone agrees that an anonymous market for cloud computing is what people are truly interested in.

Very cheap on tradesatoshi right now, I'm buying there and dumping on shitopia and making lots of profit

>>10453141
So many misconceptions, misunderstandings, disinformation, etc
>Our team is not all marketing and front-end development. Our developers have years of experience under their belts.
Github repos say otherwise. Adding zerocoin protocol is simple / Developing a secure grid is not which is why 13sats
I'm not skeptical I'm flat out claiming that you are hiding something

>>10445556
all you colx bagholders do the smart thing, sell that shit and move to vtl on cb. Colx already mooned forget about it

>>10453364

The reason why it's 13 sats is the same for every single other project out there... a shitty overall market. On top of that, colx had to endure the dumping of bags after the coinsmarkets exchange exit scam. All of those bags have been sold now.

As for the Grid... i guess we'll have to wait untill Q4. I can understand why one would not be to open about it, considering the competition and the fact that they really are doing something unique.

>>10453447
I understand too. They don't have developers capable of doing it. There's no legitimate reason for developers to hide like this. Also, having one developer committing for a team is a major red flag even IF the team was capable.

>>10453599

They're not hiding. He literally just told you who's doing what. They are also using their real identities when requried, such as with partnerships, exchange listings etc.

Just look at what happened to synth ffs. I can't blame them for not posting everything online, neither would i.

Of course it doesn't. It's run by a bunch of fucking mudslimes under pseudonyms. kek

>>10454683
>literally
Someone called dragan is adding another protocol developed by another team and someone called ali is committing config file and variable changes for the "other" developers. That didn't tell me anything except cartoon images, fake bios, and second hand info are an effective way convince double spacers that colx is a legitimate project. Let's see some github accounts of opensource developers that would be capable of something like grid otherwise it's safe to assume web developers.