Remember IXCoin can still be traded on STELLAR and HORIZON plaforms, see http://MakeMoney.knotwork.com/

-MarkM-

The "exchanges" unfortunately have let us down over and over and over again, partly because they are not actually aligned with the "value" of coins so much as with the "volume" of trade, and specifically the volume that happens on their own specific platform.

This has been going on for years upon years, so much so that the vast majority of trades have tended to be person to person without using a "market" mechanism.

So really what is needed is just "price discovery", after that perhaps "liquidity", and in fact because "volume" is actually a measure of how much "liquidity" had been consumed (eaten up, used, cancelled out) volume can in fact be a problem in a way because each unit of volume is an amount of liquidity gone away.

So maybe ideally what is needed is a vast massive liquidity, ideally enough buy side to buy ALL the coins and enough sell side to consume ALL the various things of value anyone ever wants to trade in for coins.

The actual volume of trade that happens on such a platform is secondary, as I said actual trade happening on it consumes its liquidity so the more trade volume it actually has the more liquidity we would have to keep coming up with to prevent the volume from consuming ALL the liquidity.

(Like for example if all 21 million coins were on there as liquidity, that is, as available to buy, and one day someone bought all 21 millon of them, boom, big volume but not no liquidity left unless they chose to put some of them back up for sale.)

Thus I think the incentives of most "exchanges" are not aligned with the needs of coins and their users.

I think what is needed is the incentive to be the actual value of the coin itself, NOT what commissions can be made by "disinterested providing of a platform for trades".

So I think maybe what is needed is platforms that ARE interested, that is why I have constantly wanted there to be secure reliable free open source software for trading platforms, so that when someone releases/creates a coin they can just as easily accompany it not only with a block explorer and a website but also a platform for exchanging it.

Ultimately so far that has led me to the STELLAR and HORIZON platforms. Especially STELLAR because in STELLAR you can trade anything against anything else without the platform's own native coin having to be one side of each pair.

Also though, because exchanges have historically failed us over and over and over again as mechanisms for "value discovery", I have also been moving to a system of "treasuries", so that I can compute the value of a coin simply by dividing the number minted of it into the value of its "treasury". This has let me come up with "reasonable" values for lots of coins that have fallen afoul of the "disinterestedness" of exchanges resulting in many people seeming to think there is no place they can actually trade those coins.

Take a look at http://MakeMoney.knotwork.com/ for lists of assets that can currently already be traded on HORIZON and on STELLAR and let me know if you are interested in trading any of them...

I0Coin and other merged-mined coins such as IXCoin and DeVCoin are among those listed, as are the two original scrypt coins that are older than LiTeCoin, and many of the "Sci-Fi themed" coins.

-MarkM-

Maybe they aren't mining to earn those fractional coins but, rather, to help the possibly millions of such coins they already have to retain value.

-MarkM-

I don't really code anymore, not for years. A little tweak here and there sure but basically I use stuff "as distributed" and code only in shell scripts, sed, maybe even awk from time to time, to duct-tape various different off the shelf things together into something larger (the Galactic Milieu multiverse).

What exactly would a lead dev DO? Vlad-style just tell everyone else what to code? I can do that...

-MarkM-

Yes, exactly. LIQUIDITY not VOLUME. Liquidity is how much you CAN buy or sell. Volume is how much actually gets bought or sold, and it consumes liquidity.

It is the difference between makers and takers, makers create liquidity by putting orders onto the order-books. Takers wipe offers off of the order-books by taking the offer.

Historically within the game most large trades are done between individuals or (the representatives of) groups, not on the "spot markets"; if the spot markets seem to be working well as a way to discover fair value then the couple making a deal can use them to arrive at a deal they both like, but using computed values based on the "treasuries" of the currencies means they can see when spot prices seem "out of line" with "underlying value" and they have a value per coin across all the coins, a "unit of account" so to speak, whereas looking at spot markets you only see a value for a few instances of the coin, not every last one of them. So with spot markets some of the "fungibility" of the coin is lost, this one on this market is worth a different amount than that one on that market, the coins are in a kind of sense not "fungible".

The computed values let you go like ah ok the total value of all the coin minted is X that is why the value for this 1000 of them is Y, instead of the other way around. We are in a way computing value per coin from the actual "market capitalisation" aka the treasury, which is certainly the "capitalisation" if not strictly speaking the "market capitalisation".

-MarkM-

No, the opposite. Notice that IXCrate is 1.00000000 meaning IXC value is 1.00000000 IXC each.

Similarly NMCrate of 6.98840952 means NMC value (at the time) was 6.98840952 IXC each.

NMC however is not a currency we can compute a value of from a treasury, as so far no nation or Corp or whatever within the game has chosen to adopt NMC as its national or corporate etc currency and set up a "treasury" for it by means of which a value per coin can be computed by dividing the value of the "treasury" by the number of coins minted.

IXC does have such a treasury, thanks to the Ixians, so a value can be computed for it without having to rely on unreliable "oracles" such as third party "exchanges".

Exchanges, like the markets in HORIZON and Stellar, serve fine as "spot markets", but the game-mechanics cannot rely upon such mechanisms to figure out conversion rates, it needs to be able to compute a hopefully "more fundamental" value, partly so that it can recognise whether a given "spot market" price is a bargain or overpriced.

(So that hopefully market-making can be somewhat automated as each nation Corp etc can have a bot that can recognise when prices are getting out of line with underlying value; maybe even be able to figure out how much more value it needs to put into its "treasury" in order to make the underlying value go up if prices seem determined to go up above the underlying value computed from the treasury as well as to snap up any "bargains" it sees, offers where someone is selling cheaper than that that computed value.)

-MarkM-

HZ can now be traded on the Stellar network.

See http://makemoney.knotwork.com/stellar/

-MarkM-

Offering to buy stuff USING DeVCoins at "Latest Rates include file" prices:


The main bottleneck making trades on the scale of $100,000 at a time awkward is simply that I do not actually have that much DeVCoin on hand to buy things with.

I only have about half a billion or less DeVCoins across various platforms (including the actual DeVCoin blockchain) so to pump $100,000 of value through DeVCoin currently would require several transactions, with some method of re-acquiring DeVCoins between each spend of them, unless you would like to sell me $100,000 worth of DeVCoin for some other things on the above list.

I only have limited quantities of each asset, heck some of those shown I have none of personally right at this moment. But there are some of them that I would be willing to trade $100,000 worth of FOR DeVCoins at these prices. So if you would like to help grow the liquidity, thus enabling higher volumes to be easier to achieve, maybe you can sell me some DeVCoins for other things on the above list?

$100,000 CAD seems to amount to about 367633542.88400000 DeVCoins at these prices, the zeroes on the end result from my calculations being at scale=8, that is, 8-decimals accuracy.

In order to increase liquidity I would love to buy 367633542.88400000 DeVCoins using various assets from this list.

Maybe I could interest you in a spread of the Galactic Big Seven currencies CDN, GMC, GRF, MBC, NKL, UKB, and UNS ?

-MarkM-

Offering to buy stuff USING IXCoins at "Latest Rates include file" prices:


The "Latest rates include file" is uploaded as based on DeVCoin, partly just because DeVCoin tends to be one of the smallest denominations thus provides a finer granularity of prices that you'd get basing it on a larger-denomination coin. You can tell which asset it is based on as that is the one that will show as 1.00000000 ; it is simple to convert it to others, for example the above list shows it converted into IXCoins.

-MarkM-

When I originally came up with the idea of only issuing tokens to represent half of my coins, it was basically for security; I wanted to be able freeze my "cold wallets" so cold that it would not be remotely practical to "unfreeze" coins from them "on demand" to "buy back" the tokens from players when they want to "cash in" the tokens for coins-on-the-blockchain.

Thus it seemed reasonable to assume that I should only tokenise half my coins, basically dividing my coins between two logically-distinct entities, those being a cold storage ("custody" is maybe the term?) entity that holds, hopefully "forever", coins that are represented by tokens, and a bail-in/bail-out entity that buys coins-on-blockchains with tokens and tokens with coins-on-blockchains.

This way the cold storage coins could be buried in a vault on the dark side of the moon or whatever, since it would not be necessary to go get them back in order to "cash out" all the tokens; the in/out operation would bail players in and out of the tokens system using coins and tokens of its own. There would be no need to go dig up the cold-stored coins represented by the tokens until such time as the whole "lets use tokens to represent coins" operation is shut down, whether entirely or coin-by-coin.

Doing it this way has some side-effects.

One side-effect is that once a token is created, the coin it represents is off of all other markets. This could, at scale, make the coins progressively more and more "rare" on other markets.

Another side-effect is that no "customer deposits" are involved; neither of the two logically-distinct entities acts as a depository of other people's funds. Rather, we just buy and sell tokens for coins and coins for tokens.

However, there is a "bottleneck" side-effect also, whereby the scale of the entire thing, its "transaction-size bandwidth" as it were, is limited by the number of tokens that have been issued.

It also means the system as a whole depends upon being able to obtain coins by other means than simply issuing tokens representing them as they are obtained.

It needs, in fact, to obtain twice as many of each blockchain-coin as it issues tokens representing.

What this means for DeVCoin is that you cannot simply send in DeVCoins and receive in return tokens representing those DeVCoins.

Rather, the number of DeVCoins you can send in in return for dDVC (digi-DeVCoins; tokens representing DeVCoins) is limited by the number of dDVC available with which to "buy" actual on the blockchain DeVCoins from you.

Thus if for example I have 1,000,000 dDVC available with which to buy actual DeVCoins from you, you can send in 1,000,000 DeVCoins, I send you 1,000,000 dDVC, and eventually I might issue another half a million dDVC to represent half of those million DeVCoins that I bought from you.

That would give me another half million dDVC, so I would then be able to buy another half a million DeVCoins from someone.

And so on, half as much each time.

Hmm.

Obviously, in order to stock the system with actual DeVCoins, so that I can issue dDVC tokens, the system has to have other ways of obtaining DeVCoins.

Thus it turns out to actually be fortunate that several of the original Galactic Currencies ended up deciding that trying to secure blockchains of their own by Proof of Work was unlikely to work (even with Merged Mining), and migrated onto token platforms directly, so that they exist natively as tokens, no longer having blockchains of their own. Although of course it is still theoretically possible that at some future time, if for example GRouPcoin demonstrates to them that one can after all thrive using Merged Mining, they could decide to go back to being blockchains of their own.

Then too there are the Corps, such as General Financial Corp, DeVCorp, GRouPcorp and so on. Not "currencies" per se but rather "shares", although technically there is maybe not much difference, if any. For most purposes they are simply coins that only have a million in existence rather than, for example, 21 million.

The point here is that the system needs to sell such things not only for dDVC on the token platforms but also directly for on-the-blockchain DeVCoins.

So if you are considering bailing-in some DeVCoins to dDVC (digi-DeVCoins, DeVCoin tokens) in order to buy some other thing on he platform using those dDVC tokens, please consider just directly buying those other things using the DeVCoins directly. That way the system gets the input of DeVCoins without "tying up" dDVC tokens in the process.

...

I mentioned above that bailing coins into the system keeps them off of other markets, but of course they still trade, in token form, within the system.

Thus it is useful to have things within that system that go the next step, tying up tokens themselves to take even the tokens off of the markets.

The game comes in handy for that; it provides a number of ways by which tokens get locked into various things, including the "treasuries" of the various currencies and the holdings of the various Corps, and also the abstract economy system that deals in abstract chunks of "small business", "medium business" and "large business", which I have written of elsewhere. (Probably on Devtome?)

-MarkM-

Isn't the code whereby miners get coins from a stash already in place?

We should not need to change the total number of coins, as said above that was already set from the start, that was the whole point of the coin in fact.

Assuming the stash idea is already in place anyone is free to contribute to it at any time.

Also anyone can do transactions on the blockchain, with fees, to provide fees for the miners to collect.

So I do not see any need for any change, unless the stash part isn't in the current code.

The stash should be implemented without any change to total number of coins.

I am not sure what you mean about resurrecting the merged-mined coins, except maybe that because some of them seem to have lost their announce threads I have not been able to post to threads for some of them announcing they are part of the game and showing as an example of their current value a table of the values of other things as priced in terms of them.

If you peruse the list of values I posted earlier showing the values of other things in terms of the computed value of IXCoin based on the treasury the Ixians put together you will hopefully notice the list includes GRouPcoin (GRP), CoiLedCoin (CLC) and GeistGeld (XGG) as well as the three that are still apparently being merged by at least one large pool, DVC IXC and I0C.

All now have treasuries from which their values shown are being calculated. So I suspect the answer to your question is they never died so did not need any resurrection but yeah okay you can think of them as having now been resurrected.

The two original Scrypt coins that preceded Litecoin (FBX and TBX) are also there, and also have treasuries, it might be a good idea to make them merged-mine-able alongside Litecoin and DOGE too if we are going to start updating the code of coins again.

I will probably have to upload new tables to http://galaxies.mygamesonline.org/digitalisassets.html soon as folks have been busy piling more assets into their treasuries so the previous tables are already out of date, generally probably showing lower values than we will see when the next ones are uploaded.

-MarkM-

Deposits are a bad word, thus so is withdrawals.

So think of it as buying and selling tokens.

Accepting customer deposits is a whole "thing" in some jurisdictions.

Plus, I do not create tokens "on the fly" representing coins that customers send in.

I created tokens already, representing coins I already have.

I like to only create tokens representing half my coins, if possible, so that I still have coins left over with which to buy back those tokens without having to disturb the "frozen" coins the tokens represent, coins which ideally have stayed in the same address for so long that the coin daemons (wallets) have hard-coded blockchain-checkpoints coded into them that prevents their ever recognising a chain that tries to go back in time and change the fact that those coins are in that "cold storage" address.

Heck ideally the keys for the cold storage addresses are split into umpteen parts and buried on treasure islands and/or safety-deposit boxes so it would be impractical to try to go dig them up again every time someone wants to trade tokens for on-blockchain coins.

Thus logically third-party (in this case me wearing a different hat) in/out exchange businesses take care of getting people onto and off of the platform, by buying on-blockchain coins from them with tokens and buying tokens from them with on-blockchain coins.

Once I have bought a bunch more coins that way I can go ahead and make a new checkpoint in a new copy of the client and issue tokens representing half of the new coins I have acquired.

So a bottleneck of this whole approach is that I cannot handle folks who suddenly want to convert more actual coins onto the platform than have already been represented on the platform by tokens.

But an advantage of this approach is the tokens are in effect better than 100-percent reserve; the coins the tokens represent hopefully never move on the blockchain, being traded back and forth of other coins than those that were frozen to be represented by tokens.

Depending on the blockchain it can make sense that after receiving coins on the blockchain one will want to wait quite a number of blocks before sending whatever they were to be traded for, especially with low-difficulty chains. So another advantage of using tokens on a platform can be greater speed of transactions since all the tokens benefit from what equivalent of "difficulty" a given platform has.

So basically you send me actual DeVCoins to some DeVCoin address I specify, then we wait for a bunch of blocks to go by. probably at least 6 I would think, then I send you DVC tokens on STELLAR to some STELLAR address you specify. Only so many DVC tokens exist so far so we have to start within that amount. My desktop's hard-drive dies yesterday so I am process of setting up my desktop apps and haven't set up STELAR again yet so offhand I do not even now how many DVC tokens I have handy.

Of course anyone else who has some can also handle this for you.

Getting back off the platform is similar, you find someone who has actual coins on blockchain to trade for tokens send them the tokens and they send you the actual coins.

I happen to know that I do have coins enough on hand to cover all the tokens anyone could send me, thanks to my "only tokenise half the coins" tradition.

Someday hopefully there will be production-ready free open-source code for making websites that accept coins and give tokens for them (out of a stock of tokens, not by issuing new tokens) and accept tokens and send coins for them. But no such code exists yet as far as I am aware.

-MarkM-


EDIT: I got a Stellar wallet installed again. Turns out I have 50 million or so DeVCoin tokens on hand (that aren't tied up in offers nor off in separate accounts I made in order to track offers for buying and selling various other things using DeVCoins).

We should not increase the total number of coins.

Also remember that IXCoin is merged-mined, thus anything the miners get from IXCoin is "almost free".

Also because it is part of the Galactic Milieu as the currency of the Ixians, it can keep increasing in value so long as the "IXCoin treasury" keeps increasing in value.

Also having to run around trying to figure out a new number of coins for each coin would really not help in making it simple to divide the "treasury" by the number of coins.

It should be kept simple so that the value calculations do not require a ridiculous amount of manual work (running to "exchanges" looking up current prices, running around to block explorers or clients to look up current number of coins issued etc every time we want to compute the Latest Rates for all the coins).

So whatever you do do, don't have it make the number of coins change. It is nice that that was fixed in the beginning and will never change.

There isway too much work involved already in doing the calculations, so lets try not to make it even harder.

(For example if I were to run the calculation right now it would be inaccurate in that the current amounts owed to various lenders, compounded hourly, would not be taken into account unless I also bring all those up to date and plug in their results in all the coins, since trying to grab all that data automatically presents too much risk still, I fear, of something mucking up. So currently I still have to get all that information in addition to various other things like current prices on exchanges of some coins that still are not based on a "treasury" of "reserves" in order to calculate out the Latest Rates.)

-MarkM-

USF (United Sci-Fi coin) is now part of the Galactic Milieu game.

Since trying to use "exchanges" to "discover" the values of game-currencies has proven a very awkward and unreliable process, we prefer to divide a "treasury" by the number of coins minted to arrive at a value. So for the last few years various groups wanting to adopt a currency as their national currency or clan currency or species currency or whatever in the game have been quietly putting together "treasuries" of "reserves" toward that purpose. Lately a number of these treasuries have been put into use.

Thus here are the Latest Rates values of many of the Galactic Milieu's coins and assets, expressed in USF at that calculated value of a USF coin:

BBQrate=.02917758
sBCErate=29424.43655768
sBCIrate=4059.91210849
sBMCrate=4226.89375292
sBRFrate=4714.55841994
BTCrate=12844833.07799623
CDNrate=2833.88294087
CLCrate=2.50144991
sCMCrate=4146.23162698
sCRFrate=84856.16400434
CZBrate=18.30129246
DVCrate=.23461649
sDVCrate=191666.17779593
FBXrate=9.16824944
sGDCrate=202433.08329762
sGFCrate=722224.68150790
sGHCrate=51774.24046596
GMCrate=3950.03178842
GPLrate=2182.84429651
GPL2rate=1712.48244661
sGRCrate=223135.35568155
GRFrate=6338.83298621
GRPrate=24.82680790
sGRPrate=1017.68568325
I0Crate=94.18729260
IXCrate=95.75420274
LTCrate=86009.00228199
MBCrate=5398.73554822
NKLrate=98.94040916
NMCrate=896.95468904
SPICErate=2268.85892517
TBXrate=9.16824944
UFCrate=2.41667746
UKBrate=2669.63319747
UNSrate=2816.25830335
USFrate=1.00000000
XGGrate=5.72901117

If this value seems a bit low to you, as it does to me, it is probably because I jumped the gun a little and the treasury for USF hasn't yet been quite put together.

(That is, I think there are more reserves on their way to the treasury so I expect the value should probably be higher next time around.)

-MarkM-
 

UFC is now part of the Galactic Milieu game.

Since trying to use "exchanges" to "discover" the values of game-currencies has proven a very awkward and unreliable process, we prefer to divide a "treasury" by the number of coins minted to arrive at a value. So for the last few years various groups wanting to adopt a currency as their national currency or clan currency or species currency or whatever in the game have been quetly putting together "treasuries" of "reserves" toward that purpose. Lately a number of these treasuries have been put into use.

Thus here are the Latest Rates values of many of the Galactic Milieu's coins and assets, expressed in UFC at that calculated value of a UFC coin:

BBQrate=.01207343
sBCErate=12175.57453116
sBCIrate=1679.95612660
sBMCrate=1749.05167081
sBRFrate=1950.84304540
BTCrate=5315079.59973774
CDNrate=1172.63597865
CLCrate=1.03507809
sCMCrate=1715.67438849
sCRFrate=35112.73859869
CZBrate=7.57291477
DVCrate=.09708225
sDVCrate=79309.78825314
FBXrate=3.79374144
sGDCrate=83765.03959326
sGFCrate=298850.25736033
sGHCrate=21423.72793959
GMCrate=1634.48861106
GPLrate=903.24188094
GPL2rate=708.61026076
sGRCrate=92331.45886456
GRFrate=2622.95365666
GRPrate=10.27311600
sGRPrate=421.10943607
I0Crate=38.97387801
IXCrate=39.62225172
LTCrate=35589.77299642
MBCrate=2233.94955796
NKLrate=40.94067607
NMCrate=371.15200646
SPICErate=938.83398208
TBXrate=3.79374144
UFCrate=1.00000000
UKBrate=1104.67087120
UNSrate=1165.34305777
USFrate=.41379125
XGGrate=2.37061472


-MarkM-
 

GPL is now part of the Galactic Milieu game.

Since trying to use "exchanges" to "discover" the values of game-currencies has proven a very awkward and unreliable process, we prefer to divide a "treasury" by the number of coins minted to arrive at a value. So for the last few years various groups wanting to adopt a currency as their national currency or clan currency or species currency or whatever in the game have been quietly putting together "treasuries" of "reserves" toward that purpose. Lately a number of these treasuries have been put into use.

Thus here are the Latest Rates values of many of the Galactic Milieu's coins and assets, expressed in GPL at that calculated value of a GPL coin:

BBQrate=.00001336
sBCErate=13.47986047
sBCIrate=1.85991832
sBMCrate=1.93641560
sBRFrate=2.15982350
BTCrate=5884.44768986
CDNrate=1.29825244
CLCrate=.00114595
sCMCrate=1.89946284
sCRFrate=38.87412590
CZBrate=.00838414
DVCrate=.00010748
sDVCrate=87.80570290
FBXrate=.00420013
sGDCrate=92.73821482
sGFCrate=330.86403948
sGHCrate=23.71870524
GMCrate=1.80958018
GPLrate=1.00000000
GPL2rate=.78451882
sGRCrate=102.22229594
GRFrate=2.90393272
GRPrate=.01137360
sGRPrate=.46622000
I0Crate=.04314888
IXCrate=.04386671
LTCrate=39.40226172
MBCrate=2.47325728
NKLrate=.04532637
NMCrate=.41091097
SPICErate=1.03940483
TBXrate=.00420013
UFCrate=.00110712
UKBrate=1.22300669
UNSrate=1.29017828
USFrate=.00045811
XGGrate=.00262456



Note that GPL is by this method more valuable per coin than is GPL2  despite the problems that GPL (aka GPL Classic) is having keeping its blockchain moving.

That is because the value is based on the treasury and the number of coins not on whether anyone has lately bothered to make the blockchain move. The blockchain does not actually NEED to move for people to trade stuff on the HORIZON and STELLAR platforms, so unless you want to trade coins that are on the blockchain, as for example to trade on-the-blockchain GPL for on the HORIZON network or STELLAR network GPL tokens, the blockchain can just sit right where it is without affecting this method of coming up with a value for the coins.

(There are, partly because folks have not been mining GPL, less GPL coins in existence than there are GPL2 coins in existence. Thus even if both treasuries have equal total value, which they perfectly well might depending upon how the Ferengi divvied up their funds upon splitting into GPL and GPL2 camps, GPL divides its treasury by less total coins than does GPL2 thus currently arrives at a higher value per coin.)

-MarkM-
 

GPL2 is now part of the Galactic Milieu game.

Since trying to use "exchanges" to "discover" the values of game-currencies has proven a very awkward and unreliable process, we prefer to divide a "treasury" by the number of coins minted to arrive at a value. So for the last few years various groups wanting to adopt a currency as their national currency or clan currency or species currency or whatever in the game have been quietly putting together "treasuries" of "reserves" toward that purpose. Lately a number of these treasuries have been put into use.

Thus here are the Latest Rates values of many of the Galactic Milieu's coins and assets, expressed in GPL2 at that calculated value of a GPL2 coin:

BBQrate=.00001703
sBCErate=17.18232885
sBCIrate=2.37077589
sBMCrate=2.46828442
sBRFrate=2.75305503
BTCrate=7500.70933772
CDNrate=1.65483911
CLCrate=.00146071
sCMCrate=2.42118197
sCRFrate=49.55155258
CZBrate=.01068699
DVCrate=.00013700
sDVCrate=111.92300287
FBXrate=.00535377
sGDCrate=118.21031140
sGFCrate=421.74136321
sGHCrate=30.23344301
GMCrate=2.30661154
GPLrate=1.27466666
GPL2rate=1.00000000
sGRCrate=130.29935350
GRFrate=3.70154625
GRPrate=.01449755
sGRPrate=.59427510
I0Crate=.05500044
IXCrate=.05591543
LTCrate=50.22474972
MBCrate=3.15257861
NKLrate=.05777601
NMCrate=.52377453
SPICErate=1.32489470
TBXrate=.00535377
UFCrate=.00141121
UKBrate=1.55892587
UNSrate=1.64454725
USFrate=.00058394
XGGrate=.00334544

-MarkM-

SPICE is now part of the Galactic Milieu game.

Since trying to use "exchanges" to "discover" the values of game-currencies has proven a very awkward and unreliable process, we prefer to divide a "treasury" by the number of coins minted to arrive at a value. So for the last few years various groups wanting to adopt a currency as their national currency or clan currency or species currency or whatever in the game have been quietly putting together "treasuries" of "reserves" toward that purpose. Lately a number of these treasuries have been put into use.

Thus here are the Latest Rates values of many of the Galactic Milieu's coins and assets, expressed in SPICE at that calculated value of a SPICE coin:

BBQrate=.00001286
sBCErate=12.96882597
sBCIrate=1.78940702
sBMCrate=1.86300422
sBRFrate=2.07794251
BTCrate=5661.36260632
CDNrate=1.24903444
CLCrate=.00110251
sCMCrate=1.82745237
sCRFrate=37.40037031
CZBrate=.00806629
DVCrate=.00010340
sDVCrate=84.47690408
FBXrate=.00404090
sGDCrate=89.22241971
sGFCrate=318.32066484
sGHCrate=22.81950626
GMCrate=1.74097725
GPLrate=.96208903
GPL2rate=.75477696
sGRCrate=98.34695018
GRFrate=2.79384183
GRPrate=.01094242
sGRPrate=.44854515
I0Crate=.04151306
IXCrate=.04220368
LTCrate=37.90848400
MBCrate=2.37949371
NKLrate=.04360800
NMCrate=.39533294
SPICErate=1.00000000
TBXrate=.00404090
UFCrate=.00106515
UKBrate=1.17664133
UNSrate=1.24126637
USFrate=.00044075
XGGrate=.00252506

-MarkM-

I used to run a merged mining pool using that distributed mining thing that used a blockchain itself to co-ordinate miners, I forget its name offhand.

It was not hard to set up but had built-in accounting ony for the mined bitcoins, sending them automatically to the miners as they were mined (using multi-send to all the miners inside the actual mining transaction I think).

P2Pool might have been its name? I think so.

The problem I ended up having with it was once the Neptune miners arrived it emerged that they were not able to use their entire massive hashrate effectively with P2Pool.

I suspect this was because P2Pool was written in a script language, maybe python or perl or something like that.

Basically the hashrate the pool was showing for my Neptunes was way low.

I directed my Neptune miners at MMPool and it showed a hash value much closer to the hash value the mining machines themselves thought they were putting out.

MMPool was written in Golang or Go or some other similarly "obscure" (or even more obscure) language. It could handle those kinds of hash-rates.

The thing is, mining hardware has advanced quite a lot since the Neptune.

I expect modern mining hardware to be even harder for P2Pool to deal with, at least when merging several coins.

Although I do recall having noticed a pool called P2Pool around recently so maybe they actually use that software and maybe it works fine for straight-out mining of one coin or maybe even can manage to merge a few coins if those coins also have high difficulty and long block times. As it is possible the problem I was seeing was partly to do with merging seven or more coins and also partly to do with how many of them have faster block times than bitcoin does.

MMPool also did the accounting of the various merged coins. So maybe a good idea would be to get hold of the guy who wrote it and see if he can be convinced to merge more coins in it again or to release the source-code as free open source.

What I would suggest though for homegrown projects would be to use P2Pool like I did, to merge all the merged mined coins at once, but use lower powered mining hardware than Neptunes.

Or maybe we could try splitting the power of each Neptune-or-better machine between several such pools.

I tried things like leaving GeistGeld (due to its six second block time) out of the merge but still nothing I did seemed able to get P2Pool to recognise the full power of my Neptune miners.

If we could get the code of MMpool released though we might be onto something...

We should definitely merged-mine not only DeVCoin but also, if possible. IXCoin, I0Coin, GRouPcoin, CoiLedCoin, and GeistGeld (XGG), heck maybe also Huntercoin or whatever it calls itself nowadays.

By the way, the Latest Rates and related tables have been updated.


-MarkM-

I0Coin is now even more a part of the Galactic Milieu game.

It became pretty clear over the years that trying to reply upon "exchanges" to figure out the value per coin was simply not working, as well as leading to repeated losses of the coins and of whatever it was paired up against in such exchanges, often bitcoin. So not only were we losing massive amounts of the coins we were also losing massive amounts of the bitcoins that were intended, by sitting on the buy-side of order-books as buy offers, to uphold the coin's value.

So finally the Ionians have gotten their I0C Holdings treasury account to the point where dividing the value of that treasury by the number of I0Coins minted we arrive at a reasonable value per coin.

Thus here are the Latest Rates values of many of the Galactic Milieu's coins and assets, expressed in I0Coins at that calculated value of an I0Coin:

BBQrate=.00030978
sBCErate=312.40346488
sBCIrate=43.10466939
sBMCrate=44.87753746
sBRFrate=50.05514321
BTCrate=136375.43582595
CDNrate=30.08774180
CLCrate=.02655825
sCMCrate=44.02113610
sCRFrate=900.93006879
CZBrate=.19430744
DVCrate=.00249095
sDVCrate=2034.94731082
FBXrate=.09734061
sGDCrate=2149.26109141
sGFCrate=7667.96307175
sGHCrate=549.69453983
GMCrate=41.93805426
GPLrate=23.17557110
GPL2rate=18.18167185
sGRCrate=2369.06008777
GRFrate=67.30029934
GRPrate=.26358978
sGRPrate=10.80491492
I0Crate=1.00000000
IXCrate=1.01663610
LTCrate=913.16991820
MBCrate=57.31914995
NKLrate=1.05046452
NMCrate=9.52309663
SPICErate=24.08880075
TBXrate=.09734061
UFCrate=.02565821
UKBrate=28.34387870
UNSrate=29.90061849
USFrate=.01061714
XGGrate=.06082573

This no longer has anything to do with the pathetically under-valued rates seen lately on such third-party website-style exchanges as I know of.

-MarkM-