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Hi guys,
Looks like some very interesting questions have been asked in my one day of being AFK. I'm very glad to see these genuine questions.
Here we go...
Hi DARKANGEL6415, good to see you're still around.
We are now on Cryptsy so you can buy as much CAIx as you'd like
.
The developers are currently developing a multipool, which is about to be tested internally.
They are also developing a new wallet with some great new features. You'll hear more about that soon.
I can see both pros and cons, but depending on the price and how much of an impact 14BTC makes and how much CAIx the 14 BTC can buy come end of the month, it may be better for everyone to receive CAIx. Titans + PSP come along and push all that CAIx way way above its original 14 BTC value.
It's hard to know what's best, I agree - it really depends on how things are going at the time, I guess. Like you say.
Please correct me if I'm wrong, but I thought the original plan was to use the income from the game to buy CAIx? Isn't the 14btc from the game? Wouldn't it be changing the plan if you distributed btc?
It was never mentioned to buy CAIx with the revenue of the game. Revenue will be divided 50/50 between developers and CAIx holders.
In total Tiny Elementals generated 28 BTC, half of that is given back to loyal CAIx holders.
Thanks for clearing that out for me, wasn't sure where u were asking for.
It is indeed a possibility that the program will be extended, BUT this is currently being heavily discussed by the foundation, so no guarantees.
We wont release anything official untill everything has been decided.
If it would get extended, everything about the funding etc will be explained in detail.
We are not trying to reward the hoarding itself, we are rewarding loyal community members and the dividend program was the best way to do that in our opinion.
How would you suggest we should've fairly distributed the 14 BTC? Maybe you have some good ideas for us
. Suggestions are always welcome.
Off the top of my head, I would say partially reimburse some retailers for selling goods in exchange for CAIx. Throwing money at people who happened to mine the coin during the POW stage or buy it up shortly after does nothing for the longevity of CAIx that I can see. But helping to actually make the coin useful makes it more valuable to anyone who actually wants to use cryptocurrency, rather than just mine and translate into fiat. And, not to nitpick on your wording, but I would like to say that this isn't about "fair" distribution; it's about what increases the value/utility of the currency.
Just out of curiosity, what is the level of economic and marketing expertise within the development and foundation group? This isn't intended as an attack. I am just trying to get a better feel for how this is operating.
Thanks for your suggestion, a foundation member also suggested this during a foundation meeting and we are discussing the various options for the dividend program.
No offence is taken in your question, it's a good question.
The foundation is a very diverse group, here's a bit more information about what expertise we have:
- Various business owners (IT, web development/marketing,...)
- Project/brand manager
- Experience with crypto marketing
- IT hardware specialists
- Quite a big reach on social media and in the crypto world in general
- Sales experience
- Computer and healthcare background
If you think u have what it takes to further append this list, u can always sign up to become a foundation member. More info here.
Hi saperka,
Foundation members will start testing the multipool tomorrow, hopefully there wont be too many hick ups.
It really depends on how many bugs we find, so no exact ETA, but we will keep you updated!
The devs are making progress on the wallet update, they have fixed quite a few bugs that were present in the SC wallet we used as a base for our new wallet.
Hi gnargnar, as said before we did NOT say we are paying out the dividends in BTC, it hasn't been decided yet.
There are a lot of pro's and cons to be considered, u mentioned some in favor of CAIx payout, StolenCoinSalesman has mentioned some in favor for BTC payout.
A decision will be made based on what's best for the coin at the end of June. We will keep u updated about this.
As always, you can find us at caixboard.com or #caishen on Freenode.net if u have any questions or suggestions.
Note: English isn't my native language, so I'm sorry if my grammar or vocabulary isn't alway spot on. If there's anything in my answers you don't understand, don't hesitate to let me know.
oh i am so glad they put it on cryptsy i bought me up some Looks like some very interesting questions have been asked in my one day of being AFK. I'm very glad to see these genuine questions.
Here we go...
hello folks hevent been in in a bit whats new in the world of caix and new changes coming out or is everything fine as it was 1 month ago?
Hi DARKANGEL6415, good to see you're still around.
We are now on Cryptsy so you can buy as much CAIx as you'd like
.The developers are currently developing a multipool, which is about to be tested internally.
They are also developing a new wallet with some great new features. You'll hear more about that soon.
Excellent question and suggestion.
This has been discussed multiple times on foundation meetings, we are not 100% sure yet. There are a lot of pro's and cons for either ways.
Currently the 14 BTC is 14 BTC.
Like Stuhlman said on the launch of the dividend program, we will do what's best for the coin at the end of the program.
This has been discussed multiple times on foundation meetings, we are not 100% sure yet. There are a lot of pro's and cons for either ways.
Currently the 14 BTC is 14 BTC
.Like Stuhlman said on the launch of the dividend program, we will do what's best for the coin at the end of the program.
I can see both pros and cons, but depending on the price and how much of an impact 14BTC makes and how much CAIx the 14 BTC can buy come end of the month, it may be better for everyone to receive CAIx. Titans + PSP come along and push all that CAIx way way above its original 14 BTC value.
It's hard to know what's best, I agree - it really depends on how things are going at the time, I guess. Like you say.
Please correct me if I'm wrong, but I thought the original plan was to use the income from the game to buy CAIx? Isn't the 14btc from the game? Wouldn't it be changing the plan if you distributed btc?
It was never mentioned to buy CAIx with the revenue of the game. Revenue will be divided 50/50 between developers and CAIx holders.
In total Tiny Elementals generated 28 BTC, half of that is given back to loyal CAIx holders.
My original question was why you would want to reward hoarding--whether it be just for the month of June, or in the long-term. I understand that this payout is a one-time thing. But I have also seen information that would indicate to me that there is some possibility of future payouts of that nature using revenues from miners, games, etc. I've seen no guarantees, but it seems to be at least potentially part of the plan. If that's incorrect, then that answers my questions about long-term dividend payouts.
Thanks for clearing that out for me, wasn't sure where u were asking for.
It is indeed a possibility that the program will be extended, BUT this is currently being heavily discussed by the foundation, so no guarantees.
We wont release anything official untill everything has been decided.
If it would get extended, everything about the funding etc will be explained in detail.
We are not trying to reward the hoarding itself, we are rewarding loyal community members and the dividend program was the best way to do that in our opinion.
How would you suggest we should've fairly distributed the 14 BTC? Maybe you have some good ideas for us
. Suggestions are always welcome.Off the top of my head, I would say partially reimburse some retailers for selling goods in exchange for CAIx. Throwing money at people who happened to mine the coin during the POW stage or buy it up shortly after does nothing for the longevity of CAIx that I can see. But helping to actually make the coin useful makes it more valuable to anyone who actually wants to use cryptocurrency, rather than just mine and translate into fiat. And, not to nitpick on your wording, but I would like to say that this isn't about "fair" distribution; it's about what increases the value/utility of the currency.
Just out of curiosity, what is the level of economic and marketing expertise within the development and foundation group? This isn't intended as an attack. I am just trying to get a better feel for how this is operating.
Thanks for your suggestion, a foundation member also suggested this during a foundation meeting and we are discussing the various options for the dividend program.
No offence is taken in your question, it's a good question.
The foundation is a very diverse group, here's a bit more information about what expertise we have:
- Various business owners (IT, web development/marketing,...)
- Project/brand manager
- Experience with crypto marketing
- IT hardware specialists
- Quite a big reach on social media and in the crypto world in general
- Sales experience
- Computer and healthcare background
If you think u have what it takes to further append this list, u can always sign up to become a foundation member. More info here.
Hi pieterjanvh,
Any (even small) update about multipool?
Any word about wallet?
How is the progress?
Any (even small) update about multipool?
Any word about wallet?
How is the progress?
Hi saperka,
Foundation members will start testing the multipool tomorrow, hopefully there wont be too many hick ups.
It really depends on how many bugs we find, so no exact ETA, but we will keep you updated!
The devs are making progress on the wallet update, they have fixed quite a few bugs that were present in the SC wallet we used as a base for our new wallet.
i hold a good sum of this coin, bought at a way higher price than it is now, like many others.
i have some questions :
why are you paying out the dividends in btc? you don't believe in your coins?
that 14btc should be used to buy back Caix and pay out in Caix the dividends....because you tell us to believe in this coin by don't touching/moving/playing it for a whole month, but you will pay a dividends in bitcoin?!?! is it only me or is that shit is very hard to understand?
I think i just really don't understand this "hold this coins, please don't do any transactions with it" june program at all...
btw, cheerleaders, i'm not fuding by asking these questions. and if anyone care to answer this, please can you avoid using any words or wording like "hope", "you will see", "wait 'till", etc....
i want explanations and believe that if you think this is a failed idea, just say it. i prefer honesty.... it's not like we will start to dump that coin at that current price anyway.
i have some questions :
why are you paying out the dividends in btc? you don't believe in your coins?
that 14btc should be used to buy back Caix and pay out in Caix the dividends....because you tell us to believe in this coin by don't touching/moving/playing it for a whole month, but you will pay a dividends in bitcoin?!?! is it only me or is that shit is very hard to understand?
I think i just really don't understand this "hold this coins, please don't do any transactions with it" june program at all...
btw, cheerleaders, i'm not fuding by asking these questions. and if anyone care to answer this, please can you avoid using any words or wording like "hope", "you will see", "wait 'till", etc....
i want explanations and believe that if you think this is a failed idea, just say it. i prefer honesty.... it's not like we will start to dump that coin at that current price anyway.
Hi gnargnar, as said before we did NOT say we are paying out the dividends in BTC, it hasn't been decided yet.
There are a lot of pro's and cons to be considered, u mentioned some in favor of CAIx payout, StolenCoinSalesman has mentioned some in favor for BTC payout
.A decision will be made based on what's best for the coin at the end of June. We will keep u updated about this.
As always, you can find us at caixboard.com or #caishen on Freenode.net if u have any questions or suggestions.
Note: English isn't my native language, so I'm sorry if my grammar or vocabulary isn't alway spot on
. If there's anything in my answers you don't understand, don't hesitate to let me know. i buy them up as i get my payouts from my mining shares 
anything mew with CAIX or new wallet or change overs 
