If you burn (destroy) all bitcoin ...
I rather doubt that the team and miners of the Bitcoin project will let us burn all bitcoins and close this project. Most likely they will remove their limit of 21 million bitcoins and make mining endless. |
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... thereby making inflation ...
The difference between the internal and external rates of the EurBit token will be the most reliable decentralized self-regulator of its emission rate. The difference between the rates makes mining sometimes more and sometimes less profitable. This means that it can both increase the emission rate, and reduce it, or even completely stop it. |
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Tell me more specifically who personally decides which internal course in numbers and on the basis of what you are not taking them from the ceiling or you decide it at a general meeting
MAX (BTC) is the mathematical and statistical function that depends on fluctuations in the bitcoin rate and it gives out the maximum value of these fluctuations for the required period of time. It is not counted by any specific people. It is counted by a computer automatically on the specialized sites that review cryptocurrency rates. For example, on such sites as: https://coinmarketcap.com or https://www.coingecko.com So we take these numbers in automatic mode from there. Not a single person from the EurBit team counts these numbers, does not approve and has nothing to do with them at all. If tomorrow this figure drops by 2 times, then the course of your token will follow it? MAX is from the word maximum. Do you understand what this word means? In principle, the values of the MAX function can never decrease. They can either stand still or grow. Sorry for my stupidity, I just can't understand if I burned 1 dollar and got candy wrappers worth 2 dollars, then where did the second one come from? About dollars and candy wrappers you are contacting the wrong address. You’d better address this question to the Fed. I think that whether you burn your one dollar or not, they will still print another 10 trillion new candy wrappers and you will not get them. And if you want to learn about the unique consumer properties of the EurBit tokens, then you’d better read the White Paper of this project. There are answers to all the questions that you have already asked and to all the questions that you will ask in the future in it. Do you think I have nothing else to do but retell you the White Paper? And if you, Victor, have already read the WP, but still did not understand anything, then you hardly need to go to the stock exchanges, then currencies and the economy are not yours at all. You’d better grow indoor flowers - you will get much less losses, and much more pleasure. This opponent is bothering not only you, but also me and many others, perhaps he is very curious, I think when he talked about bucks he meant bitcoin if you burn one cue ball why the cost of your tokens is two. By the way, you did not answer me in our correspondence why you limited yourself to an increase in the value of your tokens by 200 percent, and not 500 or a thousand, which prompted you to make this decision? absolutely right, he just avoids answering 1) Victor, you should visit a psychotherapist. It is not normal to talk to yourself from two different accounts. 2) Real money differs from candy wrappers in that they have real backing for the entire emission volume. Any commercial project that joins our ecosystem and pledges to sell its goods or services for EurBits, and not for dollars (or other fiat currencies), brings its own backing to our ecosystem. Each project takes backing from fiat money and brings it to EurBits. And the crowdfunding funding that projects joining the EurBit ecosystem receive from miners goes to the growth and development of not the fiat economy, but the economy of the EurBit ecosystem, and to increase the backing of our tokens. This means that projects joining the ecosystem provide 100% backing to the EurBit token. Another 100% of the value is transferred to our tokens by bitcoins and ethereum when burned. Therefore, the ecosystem as a result of mining increases the token backing by 200% (100% + 100%), which means that 200% of the tokens should be emitted. Of course, you can emit less than 200%, but this is stupid from the point of view of our tokenomics. You can emit 500% or 1000%, as you suggest, but this is even more stupid, because our token does not have as much backing, and the emission of tokens without backing turns them from money into candy wrappers. And we have no desire to make candy wrappers. With the production of nothing backed wrappers, the Fed is doing a wonderful job. We have a desire to make the best, fairest and most decentralized money in human history. |
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Tell me more specifically who personally decides which internal course in numbers and on the basis of what you are not taking them from the ceiling or you decide it at a general meeting
MAX (BTC) is the mathematical and statistical function that depends on fluctuations in the bitcoin rate and it gives out the maximum value of these fluctuations for the required period of time. It is not counted by any specific people. It is counted by a computer automatically on the specialized sites that review cryptocurrency rates. For example, on such sites as: https://coinmarketcap.com or https://www.coingecko.com So we take these numbers in automatic mode from there. Not a single person from the EurBit team counts these numbers, does not approve and has nothing to do with them at all. If tomorrow this figure drops by 2 times, then the course of your token will follow it? MAX is from the word maximum. Do you understand what this word means? In principle, the values of the MAX function can never decrease. They can either stand still or grow. Sorry for my stupidity, I just can't understand if I burned 1 dollar and got candy wrappers worth 2 dollars, then where did the second one come from? About dollars and candy wrappers you are contacting the wrong address. You’d better address this question to the Fed. I think that whether you burn your one dollar or not, they will still print another 10 trillion new candy wrappers and you will not get them. And if you want to learn about the unique consumer properties of the EurBit tokens, then you’d better read the White Paper of this project. There are answers to all the questions that you have already asked and to all the questions that you will ask in the future in it. Do you think I have nothing else to do but retell you the White Paper? And if you, Victor, have already read the WP, but still did not understand anything, then you hardly need to go to the stock exchanges, then currencies and the economy are not yours at all. You’d better grow indoor flowers - you will get much less losses, and much more pleasure. |
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Tell me more specifically who personally decides which internal course in numbers and on the basis of what you are not taking them from the ceiling or you decide it at a general meeting
MAX (BTC) is the mathematical and statistical function that depends on fluctuations in the bitcoin rate and it gives out the maximum value of these fluctuations for the required period of time. It is not counted by any specific people. It is counted by a computer automatically on the specialized sites that review cryptocurrency rates. For example, on such sites as: https://coinmarketcap.com or https://www.coingecko.com So we take these numbers in automatic mode from there. Not a single person from the EurBit team counts these numbers, does not approve and has nothing to do with them at all. If tomorrow this figure drops by 2 times, then the course of your token will follow it? MAX is from the word maximum. Do you understand what this word means? In principle, the values of the MAX function can never decrease. They can either stand still or grow. |
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If I want to convert back your much more profitable and useful money for the user, will I get back what I had and some of the new money will remain with me?
It is impossible to return everything that has already been burned down. Mining doesn't work the other way around. You cannot convert bitcoins and ethereum back into electricity. So the same situation is in our project, it is impossible to return those bitcoins and ethereum that you burned when mining EurBit tokens. But if you suddenly want to change your EurBits for bitcoins or ethereum, then you can do it on external cryptocurrency exchanges. They are created for this, so that people change their cryptocurrencies. If I sell your tokens on an external exchange, will I return what I spent on them with a profit or not, did you double the rate or is it just inside you? Profit from the sale of EurBit on an external exchange is guaranteed to be obtained only if their internal rate at the time of sale has become noticeably higher than it was at the time of mining. Do not forget that exchanges have commissions for operations and withdrawals from the exchange. If the internal rate of EurBit has not changed during the time between mining and sale (it cannot decrease), then you will have to donate all your profit from mining (5%) to the buyer + to make a discount so that he pays the exchange commission on it. Otherwise, it will be more profitable for him not to buy EurBit from your exchange, but to go to our website and mine them there, having received his guaranteed 5% bonus. |
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Tell me more specifically who personally decides which internal course in numbers and on the basis of what you are not taking them from the ceiling or you decide it at a general meeting
MAX (BTC) is the mathematical and statistical function that depends on fluctuations in the bitcoin rate and it gives out the maximum value of these fluctuations for the required period of time. It is not counted by any specific people. It is counted by a computer automatically on the specialized sites that review cryptocurrency rates. For example, on such sites as: https://coinmarketcap.com or https://www.coingecko.com So we take these numbers in automatic mode from there. Not a single person from the EurBit team counts these numbers, does not approve and has nothing to do with them at all. |
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If I want to convert back your much more profitable and useful money for the user, will I get back what I had and some of the new money will remain with me?
It is impossible to return everything that has already been burned down. Mining doesn't work the other way around. You cannot convert bitcoins and ethereum back into electricity. So the same situation is in our project, it is impossible to return those bitcoins and ethereum that you burned when mining EurBit tokens. But if you suddenly want to change your EurBits for bitcoins or ethereum, then you can do it on external cryptocurrency exchanges. They are created for this, so that people change their cryptocurrencies. |
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The description of your project says that if people want to use your tokens, they must burn their hard -earned banknotes and for this they will receive an eternal new banknote, do I understand you correctly? All projects that are part of the EurBit ecosystem are required to sell, buy, accept payments for goods and services or otherwise use our tokens only at the internal non-volatile rate. Thus, the mining (emission) of our tokens will also be carried out at the internal rate, but miners will receive additional 5% of the tokens from the joining projects as a gift. Additional advantages of obtaining EurBit tokens through mining are complete anonymity, the absence of commissions and the opportunity to participate in the development of the ecosystem by choosing a joining project. After some time from the start of the project and the start of mining, there will be available two more ways to become the happy owners of our tokens. The second way to get EurBit tokens is to buy them on the internal ecosystem exchanger called the EurBit Exchange (localeurbit.com). This is a p2p service with the help of which you can anonymously, safely, without commissions and with a free escrow agent exchange (buy / sell) EurBit tokens for fiat currencies from all over the world at the ecosystem’s internal rate. The third way to get EurBit tokens is to buy them on the external cryptocurrency exchanges. This can be done at a volatile external rate, with transaction fees and with commissions for depositing and withdrawing money from the exchange. Most often, it can be done only through KYC and AML procedures, which means that users will lose their anonymity, will not receive a 5% bonus, and they will not be able to participate in the development of the ecosystem. Each potential user of the EurBit ecosystem and its tokens has the right to choose any of these three methods of obtaining tokens, which he considers the most convenient and profitable for himself What kind of voluntary ecosystem is this, where everyone “must and must” and what is surprising is who supports the internal course, due to which it is stable and does not depend on the external, due to what internal financial resources does it maintain its stability? We are the creators and users of the EurBit ecosystem and we have every right to come to an agreement among ourselves and decide for ourselves what course of our money will be within our own ecosystem. And if we believe that it will be beneficial for all of us to forever tie it to the mathematical function MAX (BTC), then we will do it. And what happens with the speculators’ rate outside the ecosystem, we don't care. This is the rate of speculators for speculators, we do not use it, let them play with it as they want. It's another matter if within the ecosystem you can buy the EurBit for 10,000€, then what fool would buy it on the exchange for 11,000€? Or if within the ecosystem the EurBit can be handed over at 10,000€, then what a fool would sell it on the exchange for 9,000€? So, of course, speculators are free to play as they want, but only arbitrage crypto traders will gladly make money on morons and on the difference between the internal and external rates. Therefore, the more the ecosystem grows, the tighter the external speculative volatile rate will be attracted to the internal stable one. |
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I have a simple question who will manage the work of your axiom, who is the main one who decides what is good for your project and what is bad, whom to connect and who not, and what kind of wrapper is your miracle token who monitors its liquidity.
Miners Are the miners the same stokers who burn banknotes in the firebox, getting their 5 percent for it? It is simply a conversion of very volatile low quality money, the rate of which is as dependable as snow, into stable and much more profitable and useful money for the user. |
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I have a simple question who will manage the work of your axiom, who is the main one who decides what is good for your project and what is bad, whom to connect and who not, and what kind of wrapper is your miracle token who monitors its liquidity.
Miners |
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The description of your project says that if people want to use your tokens, they must burn their hard-earned banknotes and for this they will receive an eternal new banknote, do I understand you correctly?
All projects that are part of the EurBit ecosystem are required to sell, buy, accept payments for goods and services or otherwise use our tokens only at the internal non-volatile rate. Thus, the mining (emission) of our tokens will also be carried out at the internal rate, but miners will receive additional 5% of the tokens from the joining projects as a gift. Additional advantages of obtaining EurBit tokens through mining are complete anonymity, the absence of commissions and the opportunity to participate in the development of the ecosystem by choosing a joining project. After some time from the start of the project and the start of mining, there will be available two more ways to become the happy owners of our tokens. The second way to get EurBit tokens is to buy them on the internal ecosystem exchanger called the EurBit Exchange (localeurbit.com). This is a p2p service with the help of which you can anonymously, safely, without commissions and with a free escrow agent exchange (buy / sell) EurBit tokens for fiat currencies from all over the world at the ecosystem’s internal rate. The third way to get EurBit tokens is to buy them on the external cryptocurrency exchanges. This can be done at a volatile external rate, with transaction fees and with commissions for depositing and withdrawing money from the exchange. Most often, it can be done only through KYC and AML procedures, which means that users will lose their anonymity, will not receive a 5% bonus, and they will not be able to participate in the development of the ecosystem. Each potential user of the EurBit ecosystem and its tokens has the right to choose any of these three methods of obtaining tokens, which he considers the most convenient and profitable for himself |
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This project is doomed to fail whether there's intention to scam or not.
I want people to read the WP and the website first and only then say what they liked and what they did not like and give some arguments proving that our ideas are bad (if they find our ideas bad). |
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I don't see a reason why finding a smart contract developer will be hard
1) Everyone wants to work only on a prepaid basis. 2) EurBit -------> non-profit project |
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and if that's not an issue, I would have advice you to conduct IEO for upcoming projects for free instead of ICO before its out of the game. What's your thought.
ICO & IEO ---> Mining+Crowdfunding |
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Actually, in the world of cryptocurrency, I have never come across a company performing all of these free for start-up projects, what exactly is your gain
A non-profit project (EurBit) that works for the benefit of the entire crypto industry for free |
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I have just gone through your website and saw that you have EurBit token with ticker XEB attached with BTC and EUR as the same, what's exactly does this statement means.
eurbit.money ---> White Paper |
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But what i specifically meant is cryptography used when you make a transaction which used to ensure only the owner with private key can spend the coin/token (for example Bitcoin uses ECDSA secp256k1 and Zcash uses zk-SNARKs)
We have not set and we are not going to set the goal of creating our own blockchain. Our token is of the ERC-20 standard on the ethereum blockchain. Therefore, all questions on improving the technical part of this blockchain should be addressed not to us, but to Buterin and his colleagues. And we solved the main problems of the cryptoindustry not with the help of programming, but with completely different methods. If you don't create your own blockchain or create side-chain/off-chain layer on top of Ethereum blockchain, then your claim that your token is anonymous is a lie because Ethereum itself only offer pseudonymity. Well. We'll think about it |
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But what i specifically meant is cryptography used when you make a transaction which used to ensure only the owner with private key can spend the coin/token (for example Bitcoin uses ECDSA secp256k1 and Zcash uses zk-SNARKs)
We have not set and we are not going to set the goal of creating our own blockchain. Our token is of the ERC-20 standard on the ethereum blockchain. Therefore, all questions on improving the technical part of this blockchain should be addressed not to us, but to Buterin and his colleagues. And we solved the main problems of the cryptoindustry not with the help of programming, but with completely different methods. |
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OP, why being too forceful for people to believe that your project is good?
Just let them to decide because a true relevant project would really get attention no matter what but if its a total garbage then expect for direct rejection.
I don’t want you to take my word for trust. I don’t want people to evaluate projects without even reading information from their WP and website. I want people to read the WP and the website first and only then say what they liked and what they did not like and give some arguments proving that our ideas are bad (if they find our ideas bad). |
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