Bitcoin Forum

Hi everyone,

It's been a good while since I posted here.  Earlier in the year after a lot of drama we decided that development of eMunie should continue under the radar, with no distractions until we were getting close to ready.

As we are now getting close to a V1.0 product I thought Id roll by and post an update on whats been going on, progress, screen shots and other interesting info.

Without going into too much detail, over the past few months we've been concentrating on the following:

• Re factorization of prototype code to commercial grade (LOTS of testing)
• Performance optimization
• Development of transaction attachments
• HTML capable secure email with attachments
• Turing complete scripting engine utilizing a Javascript/Java hybrid and GUI integration (Etherium +100)
• Plugin system for native Java plugins
• Initial development of eMuWeb including custom embedded browser (regular and eMuWeb capable)
• A REAL Decentralized Marketplace (DMP) which is also Auction capable
• True high frequency Decentralized exchange (DEX) capable of < 30 second trades
• Economics system and improvements/tweaks
• GUI Overhaul

Most of the above is now in the final stages, with the only major component requiring significant work being the DEX which should bring us to a launch candidate client around the start of Q3 this year.  Additionally we are currently in talks with a number of academic scholars and professors to arrange multiple 3rd party peer reviews of the eMunie protocols, design and code.

We also set a crypto-currency record in our last beta, with the test network processing over 1M transactions in a 24hr period.  To date as far as we are aware no other crypto-currency has achieved this in either test, or production networks; the highest daily transaction count thus far being held by DogeCoin @ ~250,000.    Even more impressive is that this record was achieved on a network of only around 30 nodes, with transaction load varying from 10-50 tx/s at times.  More nodes = more performance, so with a network of only a few 1000 machines, eMunie will be able to process in excess of Visa level transaction quantities.

I'm happy to answer any questions about eMunie providing that they don't require me to divulge any technical information that we wish to keep secret for the time being (ideas get stolen you know!), also before someone asks there is no complete whitepaper at present, just excerpts and crude developer notes, and no it wont be open source for at least 6 months post launch and has already been covered extensively.

So to keep this initial post short, I believe pictures speak 1000 words, so here are some screenies (some are large):

Transactions
http://www.emunie.com/images/screenies/emunie-teaser-transactions.jpg

Browser
(note the emu:// URL :D )
http://www.emunie.com/images/screenies/emunie-teaser-browser.jpg

Marketplace Search
http://www.emunie.com/images/screenies/emunie-teaser-searchresults.jpg

Marketplace Listing
http://www.emunie.com/images/screenies/emunie-teaser-listing.jpg

Marketplace User Area
http://www.emunie.com/images/screenies/emunie-teaser-mymarketplace.jpg

Marketplace Sell Item
http://www.emunie.com/images/screenies/emunie-teaser-sellitem.jpg

<reserved for any future info>

Fuserleer, thanks for posting such a detailed update of what's going on behind the scenes.

This looks pretty neat!  How are you going to distribute the coins once ready to release - are you going to do it in a fashion NEM did its distribution?

Thank you Dan

Great work dan!

That looks impressive  :o

I'm not sure how NEM did theirs as I don't follow most of the alts too closely, but you can rest assured that eMunie will be open and transparent.  

NEM's distribution was absolutely open and transparent that's why I'm asking.

Really looking forward to EMUNIE!  Is this written all in caps now, not eMunie as I've seen earlier?

Check ur gmail

Well, we were one of the first projects to propose the idea of an IPO, and that is still on the cards for a possible distribution solution.

We had a small private fundrasier at the start of the year between beta testers as the plan was to be launched in Q1, then after much deliberation, the the scope of the project changed and increased (for the better).  Throw in a lot of drama, thefts, and other stuff, and the thought of an IPO in the near future wasn't important.

Now we are getting close to a V1.0, those decisions have to be made, whether it be a public IPO, personal funding by myself or something else to ensure the continued development and promotion post launch.

I guess it all depends where the cards fall on the table and if there is interest in an IPO or not, with regard to the distribution of the initial eMu past the original investors.

Go read "The Tortoise and the Hare", or ask your mother to do you some milk and cookies and read it to you :)  Some good life lessons in that childrens story.

kLee! I've heard you were hacked for a lot of money, my condolences  :-\

you are a NxT whale right?  Are you getting out of NxT and investing big time into eMunie?


there certainly are a lot of details NxT doesn't have, right?  NxT is going to be replaced by NEM in not too distant future so I wouldn't even consider NxT worth mentioning.

There's definitely some place for eMunie at place 4 of Coinmarketcap or something like that, definitely in the top range, that should be clear to anyone.  NEM #1, Bitcoin #2, BitShares seems to go to #3 as it looks like, and eMunie to #4 I guess!   Or #3?  Or #2?

I hope eMunie is not going to do a plain IPO like all the others did.

Me or WizzardTim? :S

The most interesting/exciting part of the update. Good move on that, I am excited to see what comes of it. It looks like you have improved eMunie a lot over the past months. I am very impressed, good work!

Re: to IPO or not to IPO

Might I suggest distributing IPO funds two ways simultaneously, both being worth... Say... 1 billion emus each per funding method, and the funding period lasting for 3 months (at least 1 month+)

A. Normal IPO in which people send in Bitcoins (alternatively you could do proof of burn method) (if not proof of burn and you wanted more BTC for development, you can make this distribution option be worth more than option B... Say you will distribute 2 billion to this funding method and only 1 billion to option B)

B. a Myriadcoin PoW algorithm that allows mining of multiple algorithms so that miners with all kinds of mining hardware can participate.

Just my opinion of course. Anyways... Good luck with the funding and release!

Emunie is not dead, but definitely washed out by the new coins and concepts. I remember about a year ago it was big, but you guys missed the wave, missed big time. Now it is gone and no one care about Emunie today.

Screenshots look very nice - I especially like the browser with emu:// addresses!

I'm sure Google was told the same about Yahoo, and Facebook about MySpace....oh where would we be if they had listened.

We still have plenty of tricks that no one has done, or can do without starting from scratch, I just don't mention them here so as to not give the competition any advantage like in the past.

Thanks, its been a LOT of work, but I want a product that is both advanced, works and is SIMPLE!

V1.0 is just the start in the grand scheme of things, so much more to come yet, but you have to just nail it down at somepoint lol :)

The scripting is pretty cool if I may say so, especially with the ability to hook into the GUI, you can write games that work in client, and can hook into various client features, create simple apps, or even interfaces to other backend systems for integration.

I like BitShares AGS distribution model the most.  :D

Thank Nem troll for that. If he is going to lie and call Nxt a scam, how do you expect this thread to stay about Emunie?

Maybe just rise above it, you dont HAVE to respond  ::)

I don't see a single post of yours in this thread discussing EMUNIE...  Also, why is it that you call a fact a lie?

Why do you come along here promoting NxT in the eMunie thread?  Join the eMunie discussions like the rest of us please!

Looks pretty slick. So Emunie was purely IPO-based, right?

My posts are response to your posts. Since you are bashing Nxt out of jealously, how can my response be about EMunie?

Guys, please take your fighting elsewhere.

Here, we intend to illustrate Fuserleers hard work.. it's a shame you are going to take this off-rails so soon. Please take notice and take your rivalries elsewhere.

Thanks,

Not really, we had a small private fundraiser back in Jan, where interested forum members invested.  A public IPO was scheduled but was postponed/cancelled, and as of right now there is nothing set in stone.

this seems pretty nifty.  Ima jump on this train.

~CfA~

There is nothing even remotely comparable to eMunie.

eMunie can scale up to Visa transactions per second with transaction time of 15 seconds or less. Never waiting for the next block to be calculated or forged, as there is no blockchain, but multiple blocktrees.

I see. Do you expect there to be a second phase of fundraising, or will the service simply launch when it's ready?

Well, we need some form of mass distribution which is fair to all, including those already invested in the private fundraiser, especially if the public distribution isn't a standard IPO based affair.

It's too early to make judgements on that yet though, as first we need to gauge how much interest there is in the project still, and what is the best course of action to take in terms of both time & results.

This is still being discussed, but probably there will be a second IPO.

Ah, fair enough. Well it does look quite interesting, and there are so few legitimate IPOs really available these days.


I'll keep an eye out for it.

any ETA on the IPO Dan ?  got a good bunch of BTC ready for this sexy baby :)

~CfA~

After the open beta.. ETA is not firmly placed, so we will have to get back to you on that... but we are indeed on track for 2014 release ;)

Does eMunie still have a goal to regulate the value of its currency by issuing more when demand requires this as originally planned or is it going to use some other mechanism? Has anything been changed in that regard over the last few months?

It still has it's inflation/deflation model, yes..

looks interesting.

cool

Holy smokes, the client looks awesome! I can't believe all the features this beast is going to have!

eMunie looks like it could make some waves.... I will be watching this closely that's for sure.

Yay! for Dan.....looks like the competition in the 2nd gen space is hotting up.

(And just for once, lets not hijack this thread into a game of NXT vs trolls. First guy/girl/thing to diss another system pays me 1000 NXT.....OK?) 

I just saw some new employment positions in "Project salt" based on this. 

I've been hanging around the car parks and putting the flyers in the trolleys so they can get the right people this time.

Great work Dan, I'm very glad you did not get discouraged along the way, the crypto world needs quality systems like this to push forward. I say this being a nxt lover, but we are all together in this - or should be.
About the distribution or eventual IPO, I feel like a lot of people like myself would be disappointed not to have early bird entry point after all this time they have been following without an open channel of investment. Remember not everyone had time to be a beta tester or fully dedicated member, yet it doesn't mean interest was not there as early as them.

I stopped following emunie over 6 months ago. Good to see some progress being made without all of the drama. Those images of the decentralized marketplace look nice!

How is that? - care to explain?

We had a waiting list back when everybody wanted to become beta tester (that was back in december during the crypto mania). Not everybody could just jump in.

Since then, dev. has taken a more quiet approach and we have allowed more testers since some of the original testers were not that active. Since beta testers also got access to the trollbox where some ideas were discussd, it follows that we again put some restriction on who is allowed in or not. We have seen instances of people only wanting to become testers in order to a) steal ideas b) Take conversations out of context to create FUD and c) straight up trolling. Of course we want to limit that. Current user base is enough to test emunie imo, so there is no "need" to just add more people for the sake of it.

There are ofc. my own statements and have no official link to emunie since i'm just a member with beta tester status.

Gotcha.

IMO, i would indeed let people invest in the project through an IPO... conditions will be discussed later on, but i believe that we should offer some terms that satisfies both current investors and new investors. How that can be achieved is a different story.

Interested.

Marketplace actually looks functional as opposed to NXTs.

If and when there is IPO, reserve me max investment stake.

Yay! Looks like someone owes me 1000 NXT......hand it over!


And, just to set the record straight, NXT Marketplace/Digital Goods Store is fully functional:

http://www.nxtcommunity.org/nxt-press-release/nxt/new-digital-goods-store-powered-nxt
http://cointelegraph.com/news/112253/nxt-announces-digital-goods-store-for-artists-and-creative-professionals
https://bitcointalk.org/index.php?topic=746776.0

interested and waiting for the ipo...if there will be one ^^

scam if I ever saw one, i mean come on. Really

Delete if you must, just proves you are just ripping people off. This has been wasting everyones time for almost a year, just to find out that only the devs friends can buy the coin.

Correct me if I'm wrong here. I have been wrong before.

You could not be more wrong.

Emunie is not a scam.
Emunie is 100% legit
Emunie has been in dev for a long time (with good reason - the thing works beautifully)
The Dev is not ripping people off - Fuserleer has in fact  paid everyone a refund (even from his own pocket due to theft) that has wished to do so during  this time. Search for "Fuserleer/emunie/ has ripped me off" and you will find no instances.
The IPO was open for founders at first (the private IPO).. and other people have had the chance since then. We only announced this on our own forum for people sincerely interested, not people frequenting bitcointalk for the newest pump and dump scheme ;).

I have no motivation to engage in a protracted debate, but I can state clearly and concisely that this system is NOT a scam.

I'm not sure where we have "wasted" your time as we are operating with only the involvement of "voluntary" members.  Those members have generously donated their free time and support to the project.  As such, I'm not certain how you would view a personal choice made by someone else as a waste of their time.

Regardless, I look forward to your feedback once the open beta is released.  I truly value all constructive opinions towards moving the needle of progress forward.   ;)

Cordially,
Peachy

Great work Dan  ;D

Great to see this project is still alive!

I feel for the people who invested money in 2013 and were told the project would be launched in jan 2014.

Dan keeps referring to that fund raiser as "small" yet didn't it raise more than 1000 BTC worth of funds over btc/ltc/bankwire?

If I was you Dan I would take a big chunk of Emu for yourself, IPO off some of the rest and make sure you do the original investors right.

There has been full transparency in the launch shedule and anyone who felt "cheated" were offered a 100% return of their investment or keep their investments in the project. Their investment has not vanished. They have chosen themselves to still be part of the project - even though it has been postponed alot (lets be honest).

The initial IPO did not reach 1000.

Does it really matter how much was fundraised? Noone had a reason to complain because their money was taken. Whoever wanted it back, even after the theft, got it back pretty fast. So if someone thought, this all takes to long he got the money back and could invest in whatever shitcoin.
The way the theft was handled was the fairest thing I have seen ever in the crypto world. I mean, noone could have really done anything, when Dan would have vanished BEFORE the theft. Noone could have done much either when he would have said "Sorry, but the money is gone". So the fact, THAT he paid back funds worth hundreds of BTC is a good prove that he is serious about the whole project (its one of many proves, but lets stick to the subject here).
Finally: If the dev of a great project/idea, that finally gets succesful and maybe even changes the world of economy, gets a piece of the cake, whats wrong about it? Dan works on this for almost two years now, from his own funds. As a good businessman, of course he takes a chunk, just like everyone else who makes an investment. 

As I remarked Dan keeps referring to it as "small", when actually it was a considerable amount of money. I have heard the bank wires/cash transfers alone are > $100k. And unless people I know are mistaken, the total raised is over or very close to 1000BTC.

Quite frankly I don't give a flying duck how much is fund raised, it just piques my interest Dan has an agenda of downplaying the contribution of the initial investors, when in fact they raised him a shit ton of money and paid his wages for a year.


No idea why you are talking about the theft, I haven't even mentioned it.


Not really. The deadline was pushed back again and again, with promises it was coming soon. Suddenly now Dan rewrites history and says in Jan there was a dramatic change in direction as if he made people aware the project would be delayed a year.


I'm not questioning if he is serious about the project. Again, I have no idea why you're bringing up something else irrelevant to my post.

That said, how do you actually know Dan has paid for the loss out of his pocket? If everyone wanted their BTC back, how do we know the end amount wouldn't be 450 BTC short? We don't. It seems a surefire bet that the Emunie market cap will rise a good amount on launch so if he keeps quiet and pretends to have covered the loss, no-one will ever know. I stress that is speculation and hypothetical. But in this community I trust nobody.


Now I'm starting to think you have issues reading/comprehending. Nowhere do I object to Dan making a good profit. I even said he should take a big chunk of Emu for himself. I certainly would.

It will be interesting to see how this one pans out.

You dont get the point. Whoever invested could ask for a refund anytime. After the postpones that was the case for some investors. After the theft lots of people lost trust and asked for a refund, which they got. After all not that much was left to say, that paid the wages. Actually, Dan put a lot of his own money into that.


Thats why I mentioned it. Its essential to understand the fact, that Dan didnt make money till this point at all.


So what? Investors had the choice to get a refund any time. Thats the core of an early investent. Take the risk or drop it. Anyone else (most members of the forum) did not even invest and just have to do nothing but wait. Whats so wrong about that?


As I already said, the theft is not irrelevant. Get into the subject before you spread poison.
What matters about the refund: Everybody who wanted it got his money. If there will be more requests, what I doubt, those people will get there BTC back as well. You dont need to know where it comes from or why I know where it comes from. The fact that everybody got paid out who made a request stands for itself.
If you dont trust this community: just get lost. We dont need your trust. :-)


I took your last statement in a sarcastic way after all you said. Good you understand at least that point.

eMunie !!!  :D

Yeah ;D

So you've finally revealed what you were hiding, and nice. I love it.
It's nice to see that you managed to recover to the fullest extent. I'll follow the project more closely in the future.
I'm pretty sure that many people around here can't wait for the release.

this is not a fact because this dramatic speed was tested only on small network of closed beta testers. ;)
Previous "open" betas mostly had syncing issues, so I am waiting new betas to see that this visa speed is not a bluff. :D

Another concern is this built in browser. Will browser vulnerabilities affect security of eMunie system?  ::)

Why Dan stopped posting math of eMu economy? just after he was told that it can be gamed?  ???
So many questions...  :D

Looks good.

Keyword here is "can" scale when more nodes are added.  You probably missed that part as I'm finding that you miss many things in the reading of someone's response based on your history within our forum. 

As for your other questions they've been answered already, but I guess you just like asking "why" so as to appear intelligent.  Accordingly, I'll end with one:  Why didn't your father use the pull-out method?  It would have saved the world from having to wade through mindless drivel.

Im waiting for this project for a long time ... its about time u post some news :)

We've had synching issues in the past, yes. Dan has fixed it.

Dan stopped posting math due to a) revising/tweaking it as per founder input b) due to it being a key factor in making emunie able to be a real, viable currency and c) because the brains behind the system should not be copied.

self moderated topic ?
hmm i wonder why you are anticipating problems ?

[EMUNIE] We are dead, not just busy building megacool stuff *tears inside*

there i corrected you title for you too ;)

Full disclosure: Starik69 was a beta tester that was striped of his status due to him mostly spreading FUD, hence Peachy's response to him. He is kept close with a 10 foot leash.

A+ for effort ;D

I hope you can lauch EMUNIE as sooner as possible,I have waited it for a long time!

When it is released you will know why it was worth waiting for it so long. Thanks for your patience!

Not tested - not fact.  :P
Forum is dead with many spam topics  :(
What to read?  ???

Did not saw answers.  :-[ Would you be so kind and give me some links?  ::) Or are this answers in that part of the forum where you banned me?  ;D

They arrived after every new feature was added. Now Dan is going to add a very very heavy bunch of new features. According to previous history i hope there will be no very very big problems with syncing.  :D

So you are trying to say that economy system, money supply of eMu will be held mystery? As the source code?  ::)
No fud, only uncomfortable questions  :P

BTW, new "answered" questions:
Dan still has a backdor in eMu client? Will it remain in v1.0? How we can be shure if source is closed?  ???
Will it be possible to write a java plugin that can stole money and assets from accounts?  ???
Will eMu client need a built in antivirus for those Turing-things?  ???

Yes, there's some spam unfortunately in the emunie forums, but not too much that you couldn't find the useful posts. I would say it's easy enough to get lots of useful information there. See e.g. the excellent summary posts that Jazzer made recently. Also, the shoutbox has always been a good source of information.

I understand that the eMunie client being closed source in the beginning makes some people sceptical. As long as this is so, you'll have to trust Dan (the dev). Personally, I'm willing to trust him because he has put a lot of energy into this project over a very long time, and has been very transparent about his plans. I think you could rip off people with less effort if you wanted to. After a while (some months or so) the client will become open source, as I understand it. Then everyone who wasn't willing to invest without being able to look at the source code can join. If you join later, there's less risk, but potentially also less profit. That's a very natural thing...

Nice try, but i have no access  ;D And when had it was almost empty :'(

Didn't try anything. Don't be so negative, then many doors will open - or stay open, for that matter ;-)

Very interesting Project!

Do you provide an IPO or presale?

worse than NXT NEM MONERO BITSHARE-XY WTF PONZI IPO bullshit scheme u say ?

~CfA~

Had a lot of hope and Bitcoins ready for IPO back in April.

Just like Ripple, you guys lost huge advantage by slowing development. Ripple had almost everything on the plate and you had first concept of 2.0 cryptocurrency but both let others doing it before.

Gonna be much harder now.

This is really coming? I still don´t believe it.

It's very interesting project and I'm waiting this for long time, and it's cool to see the news!

seleme, i always read your post with interest.

Can i ask you which will be, for you, the winners as 2.0 crypto-platform?

you guys should try to integrate the decentralized file sharing idea so we can get clamminess/comedy levels way up there !

so glad to read your post dan. I was so sure that emunie was gone!

Wow you are not dead
The market place looks great

This development takes forever.
I wanted to invest one year ago.
A year is eternity in crypto.

I guess 'investment' is not considered to be good for the project.

I think EMUNIE really need to be hurry.more and more innovation coins have come out.

EMUNIE is almost dead. This development lasts forever and ever and ever ... ;D

eMunie is far from dead. Do you think development for good software happens in a couple of months? It takes time to develop something like this, eMunie isn't some scrypt clone or hack job "new source" that is really still in beta (or even alpha).

eMunie is going to be big, mark my words!

The time will show what happens to EMUNIE. But I guess that you've also remarked this dev delivered anything just promises.
I read about EMUNIE I guess a whole ago. This is a long time in crypto where everything is going so fast.
And yes, you can see coins or a special movement (NEM) atm. They aren't just talking about something and deliver within one year.
NEM for example startet on 19th january 2014. This month they will bring out already the beta and the official launch is planned for the end of  october.
They got a big and enthusiastic community with so many ideas what they can do with or for NEM.

In comparison with that what delivers EMUNIE? EMUNIE said one year ago something about a revolutionary idea in regard to other altcoins. Nothing happened in the meantime...

There are actually about 370 publications about NEM and that NEM could change the whole crypto-scene.

http://motherboard.vice.com/read/this-cryptocurrency-doesnt-want-to-beat-bitcoin-it-wants-to-beat-the-economy

Or look at that. This is the official site on btt.

https://bitcointalk.org/index.php?topic=654845.0

They got also a separate NEM-forum

http://forum.nemcoin.com


Hope EMUNIE can deliver one day just a small part of that what happens with NEM. If that would be the case, I would come back and invest in EMUNIE.

I can see a lot of work has gone into that, are you planning the generate revenue from the native Decentralized marketplace, these are interesting questions?

Hello

If you are interested in eMunie you can check the separate forum here
http://forum.emunie.com/

and if you are interested in eMunie software you can download the beta software
from here and test it

http://beta.emunie.com/

Why should anyone use EMUNIE instead of for example QUARK?

for example, just for these:

-A REAL Decentralized Marketplace (DMP) which is also Auction capable
-True high frequency Decentralized exchange (DEX) capable of < 30 second trades

I have seen a lot of alt coins or crypto alternatives to BTC come out since I registered here (January 2012) and I have to say nothing is like eMunie and it will really shake things up. I have been following eMunie since June 2013 and it has made a ton of progress since that time. People here do not see all of the milestones that have already been accomplished with eMunie in the beta.  As someone who has met Dan in person you do not find many in the crypto scene with the character he has. To reach into his own pockets for refunds after a BTC theft should prove that. I see how dedicated Dan is to this project and can see the small steps of progress that are made daily. It has come a long way in a year.

Many people do not agree with the development style that has been adopted by eMunie (1 Dev, closed source) which is surely rare in the crypto scene.  With the right person and dedicated group of people pushing eMunie forward it can work and be successful. I would hate to see people just copy/clone it and overall reduce the impact of eMunie and waste a lot of the hard work Dan has done on this. How many other coins have come out with totally original code from the ground up, not starting from BTC/LTC, or involve any of that code?  After you have that list.....how many of those are based on an actual database versus a block chain?

eMunie is a currency....not an alt coin.  In time you can watch it catch up to BTC in the coming years and prove to be some serious competition. (yes it may sound unheard of now but just wait)

There are so many things about eMunie that in my opinion make it amazing. I will not go on and on but will just list a couple of my favorites.

Some eMunie features that will set it apart in my opinion.

1. ability to scale properly to process transactions at lightning speed. Test of 1 million transactions in just over 24hrs....done, test complete. We are talking Visa scale capability. As the network grows so does the speed. What is the max you ask.......the network we tested on was 25 nodes in size and spiked to 70 tx/s This will scale almost linear to the number of nodes.

2. Full Anon/Encryption - while other solutions have this as well now having it in eMunie will be great.......you won't be able to see any balances unless a person wants to allow it.

3. Communications Systems - mail and chat have been in the betas from the very beginning and will be a huge feature and really round out the product suite.

4. Decentralized Marketplace & Exchange (DMP/DEX) - yes other solutions have come out with these as well but I doubt none will work as well as eMunie.

5. Extremely Fast Transactions - It will be rare if a TX takes more than 10 seconds to clear.......oh and if you want to attach a file to a TX and have it encrypted inside the TX you can do that too.

5. Storage - While a lot of solutions are coming out with some type of storage or file sharing capability, eMunie had a discussion about that in July 2013 and planned this feature, it will be called the Storage Vault.  This feature has not been a priority so will not be in the initial release of eMunie but there are plans for it.

Based on the above.....you should have a very short list of other coins that can compete with this......these are only some of the features.....there are many more!

25 is very bad.  :'(
How you can scale lineary without sync and fork problems?  ???
This sandbox tests say nothing about real production  ::)

You clearly do not understand the Block Tree design that Dan has explained numerous times over the past year+. For example "fork problems?"; Block Trees are designed to fork, it makes the system far more secure and will lead to a lighter wallet resource wise. Less data to process and store makes syncing less of an issue than you seem to think it is.

Yea tests have never been of any use to indicate real world performance for anything. o.0

Syncing was great problem in previous open betas just after they were "tested" on 25 nodes. This is fact. With all that Trees design. So your argument is irrelevant.  :P
Btw, has Dan disprove cap theorem?  ;D

I just emphasized the operative part of your post. Yes there "was" a problem to start, this has been resolved during testing and development.

Firstly no, Dan has not disproved CAP theorem. The use of a block tree means that guaranteeing Consistency (all nodes see the same data at the same time) is not required. So long as a portion of nodes see a portion of the same data at the same time all is good.

Secondly, block tree's allow HIGH Partition tolerance because a block tree is allowed to be partitioned, (or forked in lay terms).

Hence the only guarantee we need to provide as per CAP theorem is availability.

http://en.wikipedia.org/wiki/CAP_theorem

Why does anyone bother responding to this blatant troll?

Do yourself a favor and treat him as we do:
https://forum.emunie.com/threads/request-access-to-closed-beta-tests.1603/page-2#post-19197 (https://forum.emunie.com/threads/request-access-to-closed-beta-tests.1603/page-2#post-19197)

"Every village needs an idiot.  It seems we have found ours."

BTW, he must get paid for the use of emoticons.  I have gone back 10 pages on his posts and have not found 1 without the use of them.
https://bitcointalk.org/index.php?action=profile;u=30557;sa=showPosts (https://bitcointalk.org/index.php?action=profile;u=30557;sa=showPosts)

There is no proof of that   >:(
Espesially with all new features Dan coded after previous testing  ;)
And history says that there will be syncing problems  ::)

Different trader swill  see different orderbooks? And no syncing problems?  ???

HFT trading on partitioned trees? That will be hillarious!  ;D Will trades be canselled after resyncing? Or we would be able to doublespend - on one fork and then on another?  :-[

May be because i am not saying about Dan all that crap you are saying about me?  :P

This observation of my style of posting from so honorable eMu adept is noway offtopic in this thread!  8)

You already know when and if an IPO will take place?

where to buy them now??

starik69, please supply current proof to the contrary of what I am saying. All you are spouting so far is old inaccurate info that can now only be considered FUD.
I have been a part of the eMunie team for well over a year, I am in the development team private chat 24/7 and am up to speed with what does and does not work. I am happy to supply unclassified information with as much reason and accuracy as possible. You however are being unreasonable in your responses. You essentially are calling people liars for supplying information that is accurate without first doing any reasonable research into your replies to supply current proof of your claims.

Personally I do not care if you believe me or not,  maybe instead of focusing your negativity at eMunie you could do something a little more constructive with your time.

Maybe if you have the skills you could apply them to our bounty: https://bitcointalk.org/index.php?topic=772582

Proof of what?  ??? That new beta was not tested on 250 or 2500 nodes?  :o But you alredy know that this is the fact.  ::)

But in your turn you have no proof of your words - that "ability to scale properly to process transactions at lightning speed" and "will scale almost linear" - this statments are laughable concerning 25 nodes. ;D

All yours and others personall attacks on me clearly shows the lack of arguments on your side and my uncomfortable questions stay unanswered  :'(

Bounties and time period is not worth doing it  :(

Prove the recent testing and development have not resolved the sync issues as you claim please.

The proof you are requesting will be made available to you and everyone else in just a few weeks.

The ability to scale can easily be tested by adding more nodes to the network. Whilst testing we started with a base number of nodes. As the tests scaled up (we added more nodes) the capability of the network was indeed very close to linear.

Again you do not have to believe me, the proof will be made available to you and everyone else in just a few weeks.

Personal attacks? Not from me. If you mistook any of my previous statements as a personal attack I believe you're somewhat over sensitive.

That's it? The time period doesn't float your boat and your greedy? So you're still having to find something negative to say instead of something like "Isn't that a crypto first" or "Damn that takes some balls" or even "Not bad, but if it was me I would have (enter constructive criticism here eg:- made a longer time frame and higher bounties)".

I think it is you who is supposed to give proof in this situation  :P
So now there is no such proof for everyone - you confirm my statement.  8)
"More nodes" and two more degrees of nodes are some different things, isn't it?  ::)
I believe not people, but facts. And facts are: almost every new feature added to eMu caused sync proplems in previous betas. And we heard the same claims that "new version will fix it", "the tests in closed circle went good", but new problems arize again and again. >:(

Why do on earth you ever began to talk about me? What i have to do, what not, am i greedy, have i a boat, what i should say?  ???  ;D

*sigh*

Ok lets look at this....

Many many many months ago, transactions had sync problems...because well, transactions were still being refined.  After a number of betas, transaction sync issues were no more.

Then a new feature was added, ENS.  ENS has its own sync channel but is referenced by the transactions model (to ensure you paid for the ENS).  ENS is new code, so it is going to have problems....some of which were syncing.  Syncing problems in the new ENS code on occasion caused issues in the transaction syncing...eventually they were all fixed.

But (and this is important Starik, so read it twice!) sync problems in new ENS code are NOT sync problems in transaction code.  If you think that its possible that any new code does not have bugs, well, you must live on Mars.  Furthermore decentralized systems spend a lot of time in synchronization with the network.  The more features you have, the more syncing channels you need, and the more possible bugs.

Also, isn't testing for these problems what Beta Testing is about???  If there were no bugs, syncing or otherwise, it wouldn't be called Beta, it would be called V1.0

-----

Alas, I don't know why I am even bothering to reply to you, every single post anywhere regarding pretty much anything (not just eMunie), you are negative and attempt to twist things to stir up FUD.  I do not ever recall a single positive or even constructive comment about eMunie...you just bash.  I don't need bashers that offer no solutions and that is why I tend to ignore you.

Not sure why you mention about having boats.....Mars has no water.

I never said that that sync problems were the same. On the contrary, i said straightly what you said - new features had new sync problems. Where is FUD here if you confirm this?  ???

How many new features will be in new beta and how many new "occasion caused issues in the transaction syncing" will be?  ::)

I'm saying just the same. Again, is it FUD?  ???

This is lie.  >:(
 Look better, you can find it on eMu forum  :P
Iffy thinks i have one, ask him  ;D

"Iffy thinks i have one, ask him"

"doesn't float your boat" is an expression to mean "doesn't satisfy you?".  Much like Бeдá никoгдá нe пpиxóдит oднá. (a.k.a. When it rains, it pours).  For you it's probably best translated as Кaждoмy пo cвoeмy (to each his own).

Do you need sarcasm tablet?  ;D

No, but your response confirms my belief that you are in desperate need of another oar as you repeatedly paddle around in unproductive circles.

Glad to confirm your fantasies  :)

Just curious on a few things, total amount of coins, IPO starting price, ETA of IPO,Thank you.

seriously is this fucking Emoji?

the emoticons its too much i cant read anything you say.

ye yeah it's all broken whatever...

Is there a detailed writeup on distribution scheme anywhere?

watch from minute 26 ha .

https://www.youtube.com/watch?v=cwLviP7KaAc&feature=player_detailpage#t=1573

i'm referring to the bundles of nuclei.

I'm also interested to know...

Me, too!

Please give us something like a hand-out!

Yeah, very difficult to measure the potential of this coin. What's the upside?

There is no defined supply. More coins are minted when there is more demand for them. The idea is to build a stable currency. Hence the upside can be limited, it's not a crypto for speculation. Someone should correct me if I am wrong, but that's the impression I got reading on eMunie.

Hey guys, sorry for being quiet, got a busy week next week with demos and conferences so its full steam ahead getting the latest stuff finished.

I've got quite a lot of semi-technical documentation that are in various stages of "finish".  Some of that I need next week at my various meetings showcasing what eMunie can do, so this weekend is going to be spent finishing off what I need.  As I'm going to be spending quite some time on trains and in airport lounges over the next week I intend to spend that time on the remainder.

I want to have various documentation finished up before even thinking further on any kind of IPO.  As well as the open beta that will be available, getting as much documentation, both simple and more advanced prepared, will allow people to make informed choices on whether they want to use eMunie when released and participate in any form of IPO/distribution model that may be on offer.

I'm cagey on the IPO purely because I haven't made a 100% decision on if its the best way to move forward as a distribution model and if so, how any IPO would operate.


You are correct, the goal is a stable currency, so it's ability to function as a reliable store of value, act as a unit of account, and a means of payment is not compromised by volatility.

Simply, the internal DEX monitors the demand at any given moment via the various buy and sell orders.  The system is able to buy & sell eMu from the DEX of its own accord, by using its own funding reserves to smooth out the bumps.  If the demand trend is higher than the system can manage from its own reserves, more eMu will be created and distributed via the system rules (balance interest, various reward streams for people running nodes, etc etc) with the expectation that a portion of those new eMu will make it into circulation.

Likewise if the demand trend is lower than the available supply, eMu will be removed from the system by burning portions of the fees collected that are associated with the various activities.  The remainder of those collected fees are then also distributed according to system rules to the various node operators.

This stabilization is not infallible, and with enough upwards or downwards pressure, the price will move, that can not be prevented with this system.  Also, the plan is not to forcibly hold the value at a set point, but to simply smooth out the bumps which should provide a more predictable and gradual movement of any up or down value trends.

However, the production is set by the initial distribution, whose production cost is set by the IPO?

Just trying to measure if it's a worthwhile investment or just a good free tool (like Paypal).

Not sure I understand that first sentence, is some missing? :S

As an investment, you'll make an ROI, but it wont be in the 1000's of % like many alts/pump & dumps as the market is difficult to manipulate (except for a caveat below).  As the value should stay relatively stable, an ROI comes from the increased supply due to demand from adoption.   The value of 1 eMu might still be $0.10 in terms of USD, as it was when it was purchased, but due to demand the supply has had to increase 10 fold....depending on your eMu balance (or as in this discussion, investment) you would receive a portion of that new supply.

Additionally its a fine balance in terms of an IPO.....

The more people that invest in an IPO, the less people remaining to drive demand so those investors receive a positive ROI further down the line.  Alternatively, if there isn't enough and demand skyrockets, then the system will suffer a degree of volatility as it wont have enough reserves (which is the main initial reason for an IPO) to smooth the storm.  It will remain volatile until enough time has passed for the newly created supply eMu to equalize with demand, and for that new supply to be circulating in the system.

A broad distribution has always been a very high requirement due to the closed loop nature of the economics system.  The more people there are and the more eMu is spread around, the better the system can compensate any initial demand post launch while it build a trend history.

Thanks for taking the time to respond. I understand there seems to be a "reserve/stabilization pool" method to keep the price stable. I am not interested in this feature here.

What I am asking is how new coins are mined/distributed post-IPO. Maybe I am missing something that has already been said, or this is a link that explains this simply?

From my understanding, there will be a premine on top of what is purchased by IPO investors. That will be used to alter supply based on demand, but distributing to existing holders, like a POS coin, and will ultimately be released over time as demand increases.

No problem.

There is no additional "premine", the quantity of eMu in the genesis is the same as whatever any IPO or other method raises.  

Assuming we settle on an IPO, the currency value is secured by the funds raised by that IPO initially, as in, the raised funds become the systems reserve for managing the volatility.  

Later on once the system has matured and settled, there are income streams in place (primarily portions of the DEX & DMP fees) that deposit to the systems reserve fund in an attempt to ensure that it is always of a suitable size to allow it to smooth out the "bumps" I was talking about.  Should these algorithms determine there is an excess of reserves for the current supply activity, none of those fees will be taken and everyone gets a bonus via the regular fee distribution channels.

At no point can this stability system create eMu (or any other asset) out of nothing, it has to either buy them, be sent them (via a regular transaction from a positive balance account) or acquire them as per the mechanisms described above.

As per your other question, here is a very simple breakdown of how new eMu are created and where they go:

Assume that verified buy orders on the DEX outweigh verified sell orders within a particular price window (lets assume ~5%), and has done for some time.  Also assume average sell price of 1 eMu is $0.10, thus allowed price window is $0.095-0.105.  Buys and sells with prices outside this range are discounted, lets assume that buy orders are 110% the volume of sell orders.

With that in mind, the systems liquid supply is trailing demand by 10%, all nodes in the system can agree on this (as all have access to the DEX metrics).  Assume after further calculations using historic DEX data, all nodes can also agree that during the next economic period 50% of the 10% deficit will be created and distributed around the system as per the rules.

Once the start of the next economic period, every node in the system is able to calculate who should be claiming what.  For simplicity sake, lets say half of any new eMu is allocated to positive balance holders, the other half goes to "hatchers" (its more complex than this, but for the purpose of this example it is sufficient)

All wallets with balance can present a "claim" for a portion of that allocated new eMu that the system needs, they can calculate the correct amount, as they know their balance and they have the DEX information to calculate how much new eMu there is to be made.

Likewise, "hatchers" (which are the equivalent if you like of miners) can make claims for the other half.  Hatchers that have cleared more transactions get a larger portion of the other 50%, and as all transactions are counter signed by the clearing hatcher, this is easy to keep a record of.   Likewise they also have access to all the DEX information, so are able to calculate the correct amount they are due.

Both the +balance wallets, and the hatchers will now have new eMu in their wallets, that the system expects some of which to make it into circulation to help ease the deficit between the supply and the demand.

-----

Thats a VERY simple explanation, there are lots of other variables and I've skipped a lot of how the calculations are done, etc....but it should give you a simple idea of how, where and why.

where can i find a business plan with some dates?

interesting.

Distribution rule just like maskcoin.

Not quite, nothing is hardcoded "magic" numbers like everything before.

This is much more advanced and is dynamic in reaction to trading and markets, an entire self managed economic system....a first in, well, anything :)

Are there going to be any actual math/formulas/algorithms published on the money supply generation?

Sounds very wishy-washy to me so far. People won't trust a system that doesn't precisely detail in advance the rules by which money is created.

When will IPO be open?

everyone here wants to know  :D

December  :P

Great news and waiting for the IPO.

What is the offer Price?

It could be in one or two years but I highly doubt the devs got suddenly faster.

The dev has done a really good job of answering questions in an intelligent way.

This projected has even had its delays delayed, but considering that the dev is working so hard, and I believe he is, I can understand. 

While such delays make people doubt the project, it can also build a little bit of confidence in the product if it does come out as people will know that the dev wouldn't release until it was really ready. 

Hey guys,

for all those who are not in the currently Beta, here is a small overview of the new client

https://www.youtube.com/watch?v=TgMMa3lmWkg#t=25 (https://www.youtube.com/watch?v=TgMMa3lmWkg#t=25)

Nice! It seems improved and with more features
from the last time I have tested it!

Is it still heavy on the processor or that was improved too?

Some minor issues with Linux. It's a little heavy while syncing but works better, a much better experience.

 
Hey I want to try it.
Is it a secret ?

It's not a secret, from what I know, the public beta will be available soon but there are some bugs already reported that must be fixed.

Some interesting ideas here.

The development of Emunie has taken far too long to garner significant interest.  Dan should have launched a year ago with a basic client, and then added market place, Turing Completeness, etc.. He is trying to cram every new crypto innovation into Emunie before it's launched.  The biggest struggle with Emunie is it's inflationary model, no one will "get rich quick" from investing, so no one here will invest.

Incorrect, I will.

Either way, is it such a bad thing that people on an obscure internet forum known for breeding hundreds of scams don't throw money at this?

I think there won't be much of a problem.