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Justin Welch
@justinw
62
Ex Head of Engineering @ Steemit Inc.
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1694
Following
89
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Location
Austin, TX
Created
November 14, 2016
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justinw
koinos
2023-04-27 19:33
RE: Koinos and Hive: What's the difference and why?
One way to earn Koin at the moment is by producing blocks (or joining a burn pool if you don't want to run the equipment yourself). You burn Koin for VHP which you produce blocks with. Unlike Hive, Koinos
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justinw
koinos
2023-04-08 16:32
RE: Koinos and Hive: What's the difference and why?
Hey @ackza - sorry for the late reply, I did not get a notification for whatever reason. To answer your question, no there are not any social media apps on Koinos and I don't know of anyone who's developing
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justinw
LeoFinance
2023-02-13 14:50
RE: How to Use The Burn Pools for Koin!
Indeed, burn pools are cool and have good future use cases (like DAO funding, launchpads, etc). I will say though that if you can run your own node, you should! But burn pools are great for convenience
$ 0.062
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justinw
koinos
2023-02-01 01:52
RE: Koinos and Hive: What's the difference and why?
It's also possible that someone or someone(s) on the team self-funded them. We're in the cryptocurrency industry after all. I have no idea though and probably shouldn't speculate. They can speak for themselves
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justinw
koinos
2023-01-31 16:54
RE: Koinos and Hive: What's the difference and why?
Sure no problem. I guess it's time for me to be more active on Hive again. It's honestly pretty cool that years later here I am using something that I helped build (Steem/Hive) to talk about Koinos. Some
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justinw
koinos
2023-01-31 15:29
RE: Koinos and Hive: What's the difference and why?
It's currently only listed at MEXC yes. Due to the nature of exchange listings, teams have to sign NDA's that don't allow them to discuss these listings prior to them happening. We simply won't know until
$ 0.058
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justinw
koinos
2023-01-31 15:19
RE: Koinos and Hive: What's the difference and why?
Mining competition certainly got steep quickly, but, it appears that most miners sold their mined stake really early on via Uniswap for pennies (as it was an ERC-20). The majority of holders who were able
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justinw
koinos
2023-01-31 15:14
RE: Koinos and Hive: What's the difference and why?
I think the short answer is that it was not funded. The long answer is that they probably did it "for free" for company equity as the assumption is that Koinos Group would one day be a valuable
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justinw
koinos
2023-01-30 23:38
RE: Koinos and Hive: What's the difference and why?
Yep, np!
$ 0.032
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justinw
LeoFinance
2023-01-30 23:26
RE: Koinos Consensus Algo: Proof-of-Burn
Nice post. I think most of what you said here is accurate and I think I can fit my reply in the comment box this time lol. I'm unsure if I'd agree with calling it a timelock token as Koin is actually removed
$ 2.349
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justinw
koinos
2023-01-30 21:37
RE: Koinos and Hive: What's the difference and why?
It's currently available on MEXC. That's the only exchange it's listed on so far, but, I'm sure there will be more coming (it's only been live on main net for 3 months). There have been rumors about a
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justinw
koinos
2023-01-30 21:33
RE: Koinos and Hive: What's the difference and why?
There are some solutions in the form of guest accounts or lite accounts which would be a quite robust layer 2 solutions and could scale infinitely. They cant come fast enough. Yes for sure that sounds
$ 0.113
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justinw
koinos
2023-01-30 20:59
RE: Koinos and Hive: What's the difference and why?
Nah I think it's never too late to join any party that has a future. Welcome to both of them.
$ 0.112
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justinw
koinos
2023-01-30 20:53
RE: Koinos and Hive: What's the difference and why?
I cant wait for an Uniswap-style thing. Wow not sure how I forgot that. That's KoinDX - it's coming soon to main net but you can test it on testnet now.
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justinw
LeoFinance
2023-01-30 18:53
RE: MANA: Koinos' Yield-Farmed Bandwidth Derivative
Wrote a response about Sybil attacks on my post: tl;dr it's very similar to Bitcoin
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justinw
koinos
2023-01-30 18:23
RE: Koinos and Hive: What's the difference and why?
The one thing I'd add to @andrachy's answer here is that in reference to the Sybil attack it's basically the same as on Bitcoin. You have to actually produce blocks in order to have governance votes. 1
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justinw
koinos
2023-01-30 17:21
RE: Koinos and Hive: What's the difference and why?
Awesome. Glad to hear I got it right. I didn't want to put words in Koinos Group's mouth but I tried to write this as if I was justifying it for myself since I also lived through all of the ups-and-downs
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justinw
koinos
2023-01-30 16:59
RE: Koinos and Hive: What's the difference and why?
Awesome. Thanks for reading. Sounds like we're basically in agreement then. I think most users and developers on Koinos are in agreement too, eventually (at very high marketcaps) the "free to use"
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justinw
LeoFinance
2023-01-30 16:41
RE: MANA: Koinos' Yield-Farmed Bandwidth Derivative
Comment posts are always hilarious, eh? Indeed. True Hive style LOL
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justinw
koinos
2023-01-30 16:36
RE: Koinos and Hive: What's the difference and why?
It's pretty brand new, but, the community is pretty active developing various things now that it actually exists. One is BurnKoin which is essentially a decentralized mining pool where people can participate
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