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Dynastycoin Swap to new Blockchain

We decided not to do a hardfork but directly a SWAP.

We have been working since July 2019 continuously. If you don't know yet, I'll start by explaining the reasons that led to the SWAP. In the meantime, remembering what it is about:

Swapping a cryptocurrency is nothing more than the transition from one type of blockchain to another. Instead of going crazy modifying the current blockchain, everything is moved to a new one, evidently to have greater technological advantages which I will explain later.

To make the swap we have prepared a new site, which will be communicated as soon as we are ready, with due explanations. On this site, each of you who have Desktop wallets on your PC can deposit them on the swap site by creating your own account and receiving a DCY address for the deposit. At that point the site will convert an equal number of New Dynastycoins to a new address from which they can be withdrawn and moved anywhere and then used on the exchange and on the association's ecommerce site.

The reasons why we do this great job is to restore vitality to Dinastycoin, which in 2018 had suffered serious attacks on the blockchain by ASIC miners, just at a time when Dinastycoin was growing and had become the most profitable coin in the whole park known cryptocurrencies. This also sanctioned their condemnation since the community of "normal" miners was not strong enough to support the impact of the ASICs who saw the great opportunity of the Dynastycoin, uninterested in the damage they could have created. 

The intervention of the asic had meant that a few miners accumulated so many dynastycoins, also making the value decrease as always happens on these occasions. Dynastycoins was born with cryptonote technology because it is an equal technology. That is, it allows everyone to be able to undermine the cryptocurrency of normal PC coins. And so it was until March 2018 when the Cyrptonote ASIC they massively poured onto our blockchain, crushing it in 3 months, creating many alternative chains which in June 2018 forced us to stop it for 2 months.

We started again with some block changes in October 2018 and already at the turn of November and December the Dynastycoins had become the most traded coin with bitcoin on Cryptopia. And the value had started to rise again. Just shortly9 before Cryptopia was hacked. This second event further decreased confidence and consequently the value of the dynasty which remained tradable only on btc-alpha.com and cryptonote.exchange with very low volumes.

While many even in the community thought we were doomed, we pulled our nails out convinced we were right and fighting a just cause. And from here as a first step for the rebirth comes the SWAP.

This will be followed immediately by the introduction in some of the top 20 or top 10 exchanges, with a great expenditure of energy, including economic ones, but which together with the promotion that these exchanges will make to their members (hundreds of thousands), should bring back significant volumes.

There are a number of changes we are making to the roadmap Dynastrycoin And dynasty of freedom. The most important of which is the unbreakable marriage that is created with Osservatoriodirittiumani.org, from which we also had the task of redoing and modernizing the entire site, updating it with the evolutions that the community of self-determined Italians has had in the last year.

The nascent confederation is one of the most important epochal innovations, combined with the idea of creating extra-territorial areas in Italy in which to develop the new economy outside the Italian state.

And in the face of this collaboration we have decided to make available, of all the nascent projects by self-determined people who go in the direction of extra-territorial areas, 2/3 of the dynastycoins mined by the founders and all the residuals that will never be claimed on the site of swaps. We think that it can be achieved so as to have a fund of several hundred million dynastycoins entirely available. We will publish the available number of DCYs and the various funded projects in the near future.

Such dynastycoins in order to become a fund that can actually finance all the above projects, it needs a substantial growth in value that goes even beyond 1 euro. This will be possible with the help of all of you in spreading our projects and our idea. The renewed confidence of the markets will do the rest.

All the information relating to the Swap will follow as soon as it is ready and usable.

The advantage of the new blockchain is the reliability and evolution brought by the Monero team. In fact, while remaining Cryptonote as a basic technology, the new blockchain has adopted Monero technology. The benefits are to be antiasics. that is, to return to becoming an equal cryptocurrency, that is, mineable by all. The new version of the Dynastycoin, or rather the first version of the new era, has been named DANTE in honor of the father of the Italian language. We will adopt the called mining algorithm from the very beginning cryptoneight random X, developed by monero team. This algorithm allows you to stay safe for 3/5 years from new ASIC attacks, and also allows CPUs to undermine GPUs better. Considering that CPUs are by far the most common on all computers in the world, here we achieve our goal of making Dynastycoins truly one Equivalent cryptocurrency, at least for a few more years.

Another big news is the restoration and updating of the site dynastyoffredom.social. We are also working on that to give the possibility to convert the socialPoint that you receive for the activities done on the site (chat, post, etc) in the new Dinastycoin. In the social network everyone will therefore have an address DCY extension in which to pour the points earned at their discretion. The points converted into DCY will obviously be reset to zero, but just continue with the Social activities to earn more.

The change now until the opening of the SWAP site is 1PuntoSocial= 1Dinastycoin this will be modified with the growth of value on the market. So it's time to start accumulating them right away. The conversion will be available as soon as the new blockchain has launched and the Swap site has started operating.

Obviously dynastyoffredom.shop  dynastyoffredom.media And dynastyoffredombackoffice.org they will support the new dynasty right away.

New Dynasty of Freedom Website

The new version of the site has been launched dynastyoffredom.com

If you don't know the Project, the idea that led to the Dynastycoins its called Dynasty of Freedom.

Dynasty of Freedom is a non-profit association, made up of a group of people who want to develop a revolutionary project to change the world and society.

The creation of a new economic society where the human being and his rights are in the first place.

We hoped that positive signals would come from the politicians, we waited for 50 years, but there is nothing to be done.

Visit dynasty of freedom to discover all the projects that are being carried out to make Dynastycoins one of the first most spendable cryptocurrencies in the world

Dynastycoin Recode Base Monero

An important new HardFork will be done by the end of 2019

Currently Dynastycoins with i blocks V.4 after the hardfork in september it's going without major problems, but still are the Cryptonight ASICs to be the master and to prevent everyone from undermining the Dynastycoin as was done until the beginning of 2018.

ASICs, or single-specific integrated circuits, are a polarizer in the wider industry.

Some projects blockchain, that is to say bitcoins And Litecoins, have embraced this form of network security, expect a subset of mining machines to move freely.

Other initiatives, including Ethereum And Monero, have developed algorithms to choke ASICs.

Monero it is sure the crytpotonota more similar to Dynastycoins is based on Cryptonote algorithm,.

It is a war against the Cryptonight ASICs, as they defeat the initial purpose of the cryptonotes, i.e. that of equal rights.

Of all the cryptocurrencies, they are the only ones that allow them to be mined without resorting to expensive hardware.

For this reason, the Dinastycoin core team has decided to switch to the blockchain with Monero technology.

It will be a challenging hard fork that requires months of preparation.

We will keep you informed on the work and above all when the hardfork will be expected.

It will be important for all owners Dynastycoins follow the instructions they dare to not risk losing theirs dynastycoins converting their wallets to the new format.

Previews and News for the end of the year and 2019

First of all, we apologize to the international and national community for the delays that have occurred also for news and updates. But we want to assure everyone that we have never stopped, despite the great problems encountered with the Dinastycoin blockchain, which have been brilliantly solved with hard sacrifices and sleepless nights.

Clearly this also drove many miners and investors away, causing the value of the Dynastycoin to drop to an all-time low. 

We are sorry, and we understand how difficult it is for those on the outside, with thousands of Cryptocurrencies in the market, to understand which one may have the greatest chance of Growth.

Fear often wins and you go from enthusiasm to depression in an instant. Dinastycoin is to be considered an atypical currency compared to all the others. It is our project, our even more atypical idea, combining the concepts of cryptocurrency with freedom and individual self-determination.

The value of any Cryptocurrency is based on trust. Difficult to understand for many. Value is what each of us imagines we can have after some time. However, there are few who really analyze the objectives and who try to understand why a cryptocurrency was created, and limit themselves to hearing the advice of their friend or reading on social networks.

Our goals have remained unchanged, indeed they have further extended towards even more important directions in terms of individual freedom.

For this reason we are preparing an updated roadmap to cover the period from the end of 2018 to the beginning of 2020, both for Dinastycoin and for Dinasty of Freedom as the objectives are closely related.

There are many new features we are working on and which you will soon be aware of. Some things have already leaked, but that's not a problem.

However, we prefer to give you the news when things are ready or have been definitively decided by all the Boarding.

In general we are working on Dynastycoin to implement the V7 antimAsic blocks that have given us so many problems.

We are re-updating the ecommerce in the Mobile version and contacting various commercial operators and hotels and B&Bs to be ready to enter. Probably from the beginning of the new year.

In the Ecommerce platform you can operate with different currencies. Dinastycoin, dinastytoken, bitcoin, bitcoincash and Litecoin, to allow a wider range of users to approach and then also get to know the Dinastycoin.

We will give greater emphasis to individual self-determination, as we consider it to be the best way to free ourselves from the system of Financial Plutocratic Oligarchies that have now conquered the world.  

Stay tuned, the new roadmap will be ready in early December in its final format and a draft will be published as early as the end of November.

dynastycoin new algorithm Lwma4

It was tough but we started again.. it was necessary to implement a new advanced algorithm LMWA v.4 and update the format of the Blocks now v.4 too. Sleepless nights, a really hot August, not just because of the heat. Now we are restoring all online wallets and preparing new version of Wallet Gui for Windows. For Linux it is already available in beta for download.

Anyone doing solo mining needs to update the daemon, miner and simplewallet and load the new blockchain or resync it from scratch with the new Demon 2.1.2h.1273

The pools started our in poolmining2.dinastycoin.com

In the next few days we will prepare various news for the dynastycoin and we will notify the exchanges to reopen the wallet functions.

One or maybe even 2 new exchanges in sight still small but we all grow together
There will also be a new Online Browser Wallet that we are evaluating can also support Dynastycoins now we will try it with the new version

And of course all the work on the Ecommerce and Hotel booking platform restarts
There will be an update webinar for everything soon
including the diffusion agreements that we will get off to a flying start as soon as everything is stabilized also with the exchanges

Thank you all for your patience and support.

Clash Royale Clan Synapse Gaming meets DCY

On May 7, 2018, the season ended Clan Synapse Gaming, one of the main Italian clans of CLASH ROYALE, a very special season in this case because the most deserving gamers were donated DCY wallets.

What is CLASH ROYALE

Clash Royale he's a frantic multiplayer card game developed on Android and IOS platform , in which players compete in 1 vs 1 battles with the aim of knocking down enemy towers.

With his 100 million users per month, has brought into the pockets of the Finnish Supercell, more than a billion dollars according to estimates. And it still leads the ranking of the most profitable apps today. He was among the first to combine e-sports, competitions made through online video games at the League of Legends which has 27 million players a day, with digital card games at the Hearthstone which has 50 million fans. The result is mesmerizing.(source L'Espresso)

Clash Royale it is impeccable in dynamics. You face another person connected via the web in games of up to three and a half minutes. The field is divided in two: your own three towers must be defended, while those of your opponent are attacked. The troops available are in the form of cards, each one has abilities and weak points, land or air attacks and can be increased in level and power thanks to the gold coins that are obtained by winning or buying them.

In the next episodes we will have the opportunity to meet the members of the Clan Synapse Gaming and to let us tell them what their favorite cards are and their winning strategies. And also to meet one of the Clash Royale gamers present in the Italian Top Ten.

And the DCY/Clash Royale adventure continues…..

We are waiting for you all at the ABANO TERME Tournament!!!!

New Dynastycoin 2.1.3 version in beta testnet

Following the problems encountered since the new ones ASIC cryptonight entered circulation and connected to our blockchain we proceeded to create a New Dynastycoin Version 2.1.3 which mainly includes the new algorithm LWMA extension which is able to thwart all hash attacks on the blockchain.

In the current version 2.1.2 we use the algorithm Zawy v.1 which proved to be useful having solved the previous problems of bigminers that blocked the production of blocks, sometimes even for a few days. About this new algorithm LWMA extension latest version by Scott Robert you can find information and code on github by clicking here.

The algorithm allows us to keep the cryptonight mining algorithm version without switching to the cryptonight v.7 version as Monero recently did, at least for now. 

The problem that is arising now after the introduction of the New Asic for cryptonight is that the too much power produced by some Miners has created alternative chains, which have been canceled and restored, creating problems for all pools.

We are now running the new 2.1.3 version in testnet mode to prove that the updates are effective and do not create any problems for the current blockchain.

In addition to the application of the LWMA algorithm, some bugs have been fixed, making the blockchain and wallets more stable, with less risk of crashes.

  • Added Enable_blockchain_explorer support which will allow Pools to directly and more easily implement the Dinastycoin blockchain explorer
  • For the Linux versions the daemon also supports the block Falling Host which automatically blocks the IPs that create problems for the blockchain
  • Added Fee Address option to daemons
  • Added the mnemonic seed Import and export for the simplewallet which allows you to recover a wallet by remembering a sequence of keywords
    Added New RPC Commands to the wallet

The version will also be released with the Updated Wallet GUI

A fork is required to switch to the new LWMA algorithm. When the version is made available we will communicate the exact block number in which the new fork will take place

Dynastycoin 2.1.3 Beta published

Dynasty of Freedom is pleased to inform you that it has been published on github the beta version of Dynastycoins 2.1.3 which includes a fork from block 480000.

The main novelty is the implementation of the algorithm LWMA V.2 which should get the anti ASIC effects of the Cryptonight V7 created by Monero

You can download and compile the new version directly at github  

This version is a beta so it has been listed as a new repository on Github. As soon as the release of the final version is confirmed, the previous version 2.1.2 repository will be updated on github and this new one will be deleted.

Cryptocurrencies and indirect taxes

With resolution n.72/e 2016, the Revenue Agency expressed its official and binding position, at least for the company that proposed the ruling, on the issue of direct taxes as regards the world of cryptocurrencies; however, in the context of indirect taxes and in particular as regards the application of value added tax and related obligations, everything is silent.

Rebus sic stantibus is necessary to refer to the current regulatory system (Presidential Decree 633/1972), and to the definition given by the Revenue Agency of cryptocurrency on the occasion of the aforementioned resolution, or of payment method. Let us therefore analyze the various cases taking the Dinastycoin (DCY) as the reference currency.

  • Private subject A sells goods and services to private subject B. Subject A is paid in DCY. The operation carried out by subject A, provided that it is not carried out habitually and professionally and mainly, It is NOT subject to value added tax.
  • Private subject A sells goods and services to Company/professional C. Subject A is paid in DCY. The operation carried out by subject A, provided that it is not carried out habitually and professionally and mainly, It is NOT subject to value added tax. Subject A will be required to issue a document showing his personal data and his tax code so that subject C can report the cost in the accounts.
  • Company/professional C sells goods and services to Company/professional D. Person C is paid in DCY. The operation carried out by subject C, since it concerns the sale of goods or the provision of services in the entrepreneurial/professional field. is subject to value added tax at the rate applicable to the good or service (e.g. catering VAT 10%).

Furthermore, subject C is required to fulfill all connected obligations and therefore the issuance of the invoice and, when permitted, of the receipt or tax receipt.

What do I put on the invoice?

In addition to the usual data provided, as regards the numerical data to be reported on the invoice, the value in DCY may also be reported. In any case, the provisions of article 230 of directive 2006/112/EC, as amended by directive 2010/45/EU, must be respected. This provision states that «the amounts appearing on the invoice may be expressed in any currency, provided that the amount of VAT to be paid or to be regularized is expressed in the national currency of the Member State» and therefore in Euros.

Accountant Nicola Mazzoni

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