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Latest Threads
Banking collapse since Se...
Forum: General Discussion
Last Post: admin
07-15-2020, 11:18 PM
» Replies: 0
» Views: 115
First Social Media Sharin...
Forum: Progress Reports
Last Post: admin
07-15-2020, 10:33 PM
» Replies: 0
» Views: 130
Lava Bonus Contest June -...
Forum: Giveaways
Last Post: admin
07-06-2020, 10:19 PM
» Replies: 3
» Views: 531
The meaning of the name "...
Forum: About Lava
Last Post: admin
07-04-2020, 06:25 PM
» Replies: 0
» Views: 152
Staking guide
Forum: Staking
Last Post: admin
07-04-2020, 05:29 PM
» Replies: 6
» Views: 1,331
Monthly Treasury
Forum: Finantial Reports
Last Post: admin
07-02-2020, 11:08 PM
» Replies: 0
» Views: 141
Coin Specs
Forum: About Lava
Last Post: admin
07-02-2020, 09:15 AM
» Replies: 0
» Views: 112
Lava's Planned Features
Forum: About Lava
Last Post: admin
07-02-2020, 09:12 AM
» Replies: 0
» Views: 116
Lava's Features
Forum: About Lava
Last Post: admin
07-02-2020, 09:12 AM
» Replies: 0
» Views: 114
Lava's Potential and some...
Forum: About Lava
Last Post: admin
07-01-2020, 10:51 PM
» Replies: 0
» Views: 283

 
  Banking collapse since September 2019 (REPO bailouts)
Posted by: admin - 07-15-2020, 11:18 PM - Forum: General Discussion - No Replies

Banking system has been crashing since September 2019. It could be accelerating lately. Crypto is not a sure bet, but diversifying some money outside of the system would be very advantageous. The future of privacy coins is uncertain but if crypto is deemed illegal then privacy coins will be the only ones to survive in a financial collapse.

Whether a deflationary credit freeze or a hyperinflation scenario, crypto wins, and perhaps privacy coins as well.

Wells Fargo bank has had their first quarterly loss since 2008. That could be a warning sign.

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  First Social Media Sharing Ended
Posted by: admin - 07-15-2020, 10:33 PM - Forum: Progress Reports - No Replies

We distributed about 1300 Lava for spreading the word on social media. We will be doing these regularly.

https://sweepwidget.com/view/19977-jqra2gd4

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  The meaning of the name "Lava"
Posted by: admin - 07-04-2020, 06:25 PM - Forum: About Lava - No Replies

Lava means Lelantus Privacy protocol (Sigma's upgrade) + Avalanche Consensus.

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  Monthly Treasury
Posted by: admin - 07-02-2020, 11:08 PM - Forum: Finantial Reports - No Replies

We have a Lava Treasury block reward of 35 Lava per block, or about 756,000 LAVA every 30 days. There is no halving, coins are emitted at a fixed rate. We also Have an Initial Premine Balance of about 50,000,000 LAVA for expenses.

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  Coin Specs
Posted by: admin - 07-02-2020, 09:15 AM - Forum: About Lava - No Replies

Name: Lava
Ticker: LAVA
Blockchain: Custom Cryptocurrency
Consensus: POSv3
Privacy Protocol: Sigma Protocol (by Zcoin)
Total supply: 1,000,000,000 Lava
Utility: Private, secure and scalable money
Premine: 100,000,000 Lava (10% of total supply), of which
50,000,000 Lava (5% of total supply go to seed investors, the other 5% are for expenses.)
Block reward: 50 LAVA
Block time: 2 minutes
Block size: 10 MB
Inflation: 9.52 times lower than Bitcoin's (For example bitcoin had about 100% inflation it's first year while we have 13%)
POS block reward: 15 per block (30%)
Lava DAO Treasury block reward: 35 per block (70%) Due our low inflation this is equivalent to a ~7% development reward on other projects. Your holdings get inflated 7% the first year but the return on capital gains and value is exponentially higher then the 7% you get diluted.

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Information Lava's Planned Features
Posted by: admin - 07-02-2020, 09:12 AM - Forum: About Lava - No Replies

[Image: Planned-Features.png]

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Information Lava's Features
Posted by: admin - 07-02-2020, 09:12 AM - Forum: About Lava - No Replies

[Image: Features.png]

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Information Lava's Potential and some of it's history
Posted by: admin - 07-01-2020, 10:51 PM - Forum: About Lava - No Replies

[Image: Planned-Features.png]


Our whitepaper explains somewhat how easy it is to attack a Proof of work coin such as been observed in bitcoin gold and many others. BCH almost got attacked but they did checkpoints which is inherited from peercoin a POS coin. BCH did not survive the BSV attack due to POW alone. You only need about 2-3% of a coins marketcap to buy enough miners to destroy it (by producing empty blocks and stopping all transactions on the network). in Proof of stake you need at least 30%-50% of the marketcap or coins to attack it. and the more an attacker tries to accumulate coins to attack the network, the more expensive it gets. ultimately a fork can be done to address these issues but its much easier than an algo change like in POW that can just be "nicehashed". POS is the future and all POW coins will be forgotten or attacked. Bitcoin was just the prototype, the proof of concept.





Better projects and technologies that can scale and be attack resistant are coming. The most promising consensus mechanism is Avalanche which we plan on implementing. It can provide high attack resistance, high scalability, and 1-5 seconds transaction finality. The only other project implementing this is AVA but they do not have privacy features. So in our projections AVA and LAVA will be the top 2 coins. Bitcoin has become a speculative asset with outdated technology. The governments of the world could easily attack it. for $6-8 Billion USD. which is nothing. We need to improve our whitepaper to properly communicate the value of our coin. We cannot emphasize enough, research Avalanche and what it can do for us. The only other project than us and AVA planning on implementing it was BCH but they don't have a treasury, it would cost at least $2 million USD by some estimates to hire the best programmers to implement it. They have no budget, no treasury, and no plan to pay for it. So they are stuck. Donations are not a stable source of income for engineers and the community has been increasingly hostile to the lead team ABC who can implement it.





Zcoin's protocols Sigma and Lelantus are the best protocols for privacy but Zcoin has masternodes and POW. POW does nothing productive, its a waste of energy, their security depends on chainlocks by masternodes, making their POW utterly useless for security purposes. Masternodes are an artificial barrier of entry to staking, less coins are staked because less users can reach the insanely high collateral reducing the cost to attack and community support in our opinion. This is not an antagonist statement against other projects, we respect them highly, especially Zcoin which is doing wonders for the world today. It just provides some way to contrast our different roadmaps, and some history as to why we created Lava. We created Lava to solve all of the above problems. All we need to do next is properly communicate our value and potential to the crypto world, then develop the roadmap, and we're sure we can eventually become the #1 privacy coin.

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  Southxchange Listing
Posted by: admin - 07-01-2020, 02:19 PM - Forum: Exchanges - No Replies

We are proud to Announce we are now listed on Southxchange.com , a top 50 crypto exchange in South America (they are located in Argentina)

You can now trade #Lava in SouthXchange! $LAVA

https://www.southxchange.com/Market/Book/LAVA/BTC

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Lightbulb June Week 4 - Lava Progress Report
Posted by: admin - 06-30-2020, 10:18 PM - Forum: Progress Reports - No Replies

[Image: Progressjune4_2.png]

Welcome to another productive weekly Lava progress report!

Tomorrow we will be listed on Southxchange.com , if you don't want to wait you can buy Lava at https://altmarkets.io/trading/lavaeth#

Check out our enhancements on discord, we are slowly agglomerating all activities and information there: https://discord.gg/YV2tNb5
We started 2 giveaway campaigns, join them here:
https://giv.gg/S5qRCs and  https://t.me/LavaMoney_Airdrop_Bot
The previous giveaway has been canceled and moved to the airdrop bot, but we still have all your entries and will reward you at the end. The #1 participant made so many referrals he/she earned 1300 Lava in just two days. Great job!
We changed the faucet/giveaway wallet so that only withdrawals are block chain transactions, instead of every single faucet claim. This solves all previous faucet issues. We also migrated our servers to a new hosting provider. Faucet claims are low because we will be using airdrops as the main way of giving away coins.
Posted airdrop on English and Chinese airdrop channel with over 250k members on main channel and 150k+ on other channels and about 8 more airdrop postings.
More Regional Lava communities mostly on telegram but also on discord. Our #1 early adopter community has been the Vietnamese Lava community.
And finally we are proud to announce we finished the multilevel faucet referral rewards. We will make frequent changes so as to find the best way to encourage referrals. However much more Lava can be obtained by referring with the airdrop bot and completing tasks.

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