Hi all.
I had an idea and just like to share it here.
The reason: We have to make a difference together.
There are so many different coins that new people don't even know with one they need to pick.
What if some unique coins will have a new exchange.
The community from each coin will help promoting this exchange.
Means if you add some unique coins with a big community there will be a lot of people working together promoting this exchange.
The difference is the promotions: for example you have 10 different communities, all of which promote the same exchange and not just themselves.
Then a huge amount of people that work together to promote that specific exchange.
I like to hear your opinion about this idea!
Good or bad you are welcome to share it here.
I think it's an ambitious idea with a lot of costs. Picking which coins are "good" is not that easy. Creating an exchange is not easy nor free, there are a lot of costs involved including time, security, and possibly compliance issues. I'm sure there are many other things that I have no clue about and did not think of. Maybe a group of coins teaming up to promote their group on an already existing exchange where the infrastructure is already in place? Like your feedback Redrover! Thanks. |
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Hi all.
I had an idea and just like to share it here.
The reason: We have to make a difference together.
There are so many different coins that new people don't even know with one they need to pick.
What if some unique coins will have a new exchange.
The community from each coin will help promoting this exchange.
Means if you add some unique coins with a big community there will be a lot of people working together promoting this exchange.
The difference is the promotions: for example you have 10 different communities, all of which promote the same exchange and not just themselves.
Then a huge amount of people that work together to promote that specific exchange.
I like to hear your opinion about this idea!
Good or bad you are welcome to share it here.
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Did not look at that. But M-team will check it out. I don't understand whats the benefit for Magi for doing that at the moment. Maybe you can explain a little about it here. You can read details under the upper link. Verified Market: A Verified Market is a market whose Market currency has completed a proof-of-developer by a developer verification service such as ProofofDev.com and has traded on the Bittrex site for over 120 days.
For example, BTC-URO trades UroCoin which has a PoD score of 4 and has been on Bittrex since May 15th, 2014. Source: http://proofofdev.com/uro-urocoin/
We do not warrant any developer or coin verification scores but provide them as a tool to help traders assess the level of risk they are willing to take.Is DEV thinking about it? Yes. Magi has highest score on coinsource trust verification. 7 stars. I think we all can file a request to Bittrex and ask them to add Magi on the trusted Market. |
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the vote useful? first on more than 40,000, and still has not been adopted Don't know. Some coins have a lot of paid-votes. Looks like its been a while since Cryptsy added a new coin. I know Cryptsy also looks at coin / community -activity.  |
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Magi active again on Bittrex. Maintenance finished! |
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Bluetrade is back online! Happy traiding!
Thanks for posting that. Unfortunately I have 226 XMG remaining on Bittrex, not sure when they will be back though. Me neither. Bittrex always take more time for maintenance! I will keep my eyes on it! |
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Bluetrade is back online! Happy traiding!
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Magi disabled from Bittrex?
It's probably Bittrex wallet maintenance. Happens often to other coins too. That's right. But hope maintenance will be finished soon!  _________________ What happened with bluetrade? I can not open the website? It keeps in blank. That's weird. Yea not for XMG only but the whole exchange is blank! Bittrex offline, BleuTrade black, what else now?  By the way, I'd like to be in the support team if possible. How can I apply for that? That's really nice. You are very welcome in our M-team. I will be online whole evening here and in the irc. Evening CET. |
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Magi disabled from Bittrex?
It's probably Bittrex wallet maintenance. Happens often to other coins too. That's right. But hope maintenance will be finished soon! _________________ What happened with bluetrade? I can not open the website? It keeps in blank. That's weird. Yea not for XMG only but the whole exchange is blank! |
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Magi disabled from Bittrex?
It's probably Bittrex wallet maintenance. Happens often to other coins too. That's right. But hope maintenance will be finished soon! _________________ What happened with bluetrade? I can not open the website? |
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XMG is nu al een hele tijd gedisabled op Bittrex.
Normaal kun je altijd wel handelen maar enkel geen deposit/withdraw.
Nu is alles onmogelijk.
Polo werkt wel zonder problemen.
Enig idee?
Nee. Ik heb nog geen reactie van Bittrex ontvangen. Verwacht dat het probleem op korte termijn opgelost zal worden. |
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Magi disabled from Bittrex?
No. Must be a mistake or other reason. I already contacted Bittrex about it. I hope they will respond soon. |
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I am excited for all of the upcoming developments!
I agree that the staking reward needs to be increased. Maybe shift some of the coins generated in new blocks from mining to new blocks from staking? I've staked 24/7 for a couple months now and there is pretty much no reward.
Maybe when the mining block reward goes lower due to the hashrate being too high, those coins could be shifted to staking blocks instead?
thats not a good way because how much POS u earn would deepend on luck thats not the way it should be to be able attract investors they must have a clear picture of returns how much POS in what timeframe a clear coin rollout plan and a max amount of coins when it reach ultra low inflation of max 1% the coin rollout timeframe should be at least 10 years and upwards to that constant decreasing rewards and constant decreasing inflation most part of new coins should be generated by POS POW just used as additional security feature with some but no big rewards thats the best way to keep cpu botnets and non public gpu mininer away of the landscape POS and "coins needed to generate coins" is the best engine for demand and help to survive the time until real services and apps are existing to give the coin added value if u want POW as a way to get in for fresh people intact just run other PoM campaigns and fund them with big dev team managed staking wallets Long rambling opinion: To me it boils down to who you want to pay and how much you want to pay them for maintaining the block chain. If you don't have some type of inflation control on PoS you can run into a run away exponential inflation problem as holders block up their UTXO amounts into really large amounts and funds start doubling and tanking the price. If you give large rewards on a CPU mined PoW coin you can run into issues with botnets, and other large LAN's taking over and playing hogs of the block rewards or people possibly running private GPU miners. I would look at the average number of coins that have been generated per day over the last few months and leave that value about the same. That way exchange pricing shouldn't be effected too much. I would switch most of the reward to PoS and run PoM campaigns with funding from the dev team managed staking wallets as suggested by cryptonit. The PoS interest rate will need to be increased to mint the same average number of coins per day if the PoW block reward is reduced. I would add inflation controls on PoS so that in the long run we can make a smooth transition from exponential growth to a more sustainable growth rate – somewhat like the universe did during the first few seconds of the big bang.  The PoM campaigns should be a good way of dispersing the coins to smaller miners so that funds are not all just dispersed and held by the PoS stakeholders. In this way you can reward your core investors and attract new people as well as keep the price more stable as compared to a higher interest rate PoS coin. I would not put much effort into the PoW algorithm as most things can be cracked with enough time and effort and nothing gets the community frothing more than thinking there are some unfair bulldozing miners out there on botnets and GPU's from what I've seen. Yes this is more or less what I was suggesting. If the block reward per day was fixed and divided between PoW and PoS blocks on an equilibrium basis, then it would encourage more staking while discouraging very large miners. When the 30-100+ mh/s of GPU miners out there turn on, they take destroy the PoW block reward. But, what if as the PoW block reward goes down, the PoS block rewards increase proportionally. This way, you eliminate unpredictable PoS inflation by getting rid of the interest and replace it with the hybrid PoW/PoS block rewards that rely on some function of the relevant variables. Think Joe received some great feedback on this subject. He will work on the improvements. I trust Joe with this and know hè can do genius things. In the mean time promotions continue. The awesome Magi app will be launched in october. The picture contest is running. Magi is looking into some nice ideas for the first Magi birthday. (15-09-2015). If you have some awesome ideas feel welcome to share them! |
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Joe can you adjust the OP?
You can copy the one I made and add more info in there if you like. That way people can find the right/current and working links!
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Thx for the nice words  "Really really awesome picture Goldlabel. Did you post in also in the picture contest thread on bitcoingarden?" yup its also there Well done. Remember guys everybody can join the Magi picture contest with two pictures. Every person will have the chance to win the price but will always receive some XMG for joining the contest. More info here: http://bitcoingarden.tk/forum/index.php?topic=4487.0 |
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