Forum Discussion About MOINX Chain
A MOIN community member asked an interesting question on bitcointalk the other day. The question was regarding the MOINX chain, which is MOIN's stealth addressing system inherited from Shadow. Here is a link to the specific question and KingCaper's answer on the bitcointalk forum. The takeaway here is that in order for the MOINX feature to be fully functional we needed more outputs available, which meant we needed more people to test it out by converting MOIN to MOINX.
I played around with converting some MOIN and it was very intersting to see how the software breaks apart different sized conversions so it can build a variety of different size transactions later on. You can look at the available outputs on the MOINX Chain tab of the wallet.
It was around then that it occured to me perhaps converting some of the Moin Foundation Funds MOIN to MOINX would be a perfect way to help the network with some of the raised MOIN.....
Converting Some Of The Fund To MOINX
After a brief discussion it was clear that converting some of the fund's MOIN to MOINX would help the network and had no real downsides, especially since the MOINX could be converted back to MOIN if for some reason it really needed to be. With this in mind I proceeded to convert 47777.666619 of the foundations MOIN to MOINX. That leaves us with about 42840.19894161 MOIN in the fund. It really helped diversify the avialable outputs on the MOINX chain and I think was a great success. I took a few screenshots for proof that I posted over here on the Moin Conversion page, but really the best proof of this event is the large increase in available outputs on the MOINX chain.