If you really want to go somewhere, you need to go to Poloniex. Give them what they want and put coin there.
yes what they want? btc or love? Ha! For once I agree with you! What does it take to get listed on Poloniex anyway? |
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Bobsurplus here ? BIG scam pump again ?  he is not talking about pump and scam. he is talking about to invest and stand cloak value to 3$ to 8$ again. one man does not have the power to affect the prices like this Oh really? However, need to kill one currency side project first. Can't have one dev team spread over 2 projects. The idea is terrible. Probably a ruse to crush the cloak price even further so insiders can stock up. Rebrand cloak or not. But don't have 2 different projects. Either he never heard of Bob or, he is Bob...  |
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Bobsurplus here ? BIG scam pump again ? he is not talking about pump and scam. he is talking about to invest and stand cloak value to 3$ to 8$ again. one man does not have the power to affect the prices like this Oh really? However, need to kill one currency side project first. Can't have one dev team spread over 2 projects. The idea is terrible. Probably a ruse to crush the cloak price even further so insiders can stock up. Rebrand cloak or not. But don't have 2 different projects. Personally, I need to hear more. Many coins have multiple projects which would be fine IF the two projects supported each other, complimented each other in a way that raised value on each. If that is what is going one, I support it. If not, I'm not so sure... |
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now its slowly go to the graveyard one coin ICO 2 coins trange I hold WTF back 2 2000 sat   Relax, Rome wasn't built in day ya know... |
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fucking clusterfuck How many CLOAK do you own? And what qualifies you to make that judgement? |
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2 separate projects sounds like a bad idea
It's a bad idea for us, but for them, it is much more money.  You stay with your Cloaks worthless while they make new stash and sell it over ICO. A bit premature don't ya thing? How do you know what they are planning? Perhaps the coins will compliment each other? Posting crap like this doesn't help anyone. |
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is an insider selling? 6 million bay at 150 sats...david u sellin?
Give it rest would you? David isn't selling... |
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9/18 @ 2300 hrs local time: VeriumReserve (VRM) $0.566722 (30.65%) 0.00092798 BTC (29.80%) Nice, very nice! |
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"We trusted you"
Lets give him a chance to explain it all before anyone gets the pitchforks and torches out.... |
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This is good news Sure is! Glad to hear that. Any time frame on VRC/VRM exchange markets? There is a VRM/BTC market on Bittrex now Got the Bittrex market, looking for a trading pair... |
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Going on 8 days now with 7 cores out of 8 grinding ~580 H/m without a single block.
By far this is the hardest coin to mine ever. check your version and make sure that your always at the updated wallet, after that, everyday check on the node list under "Blockchain" on the wallet, and find ur IP. if your IP doesn't appear there, it might mean that your mining for nothing the past few days. I got pruned off the node list some days ago at 700h/m average and it didn't get me anything as well for days... Node list has nothing to do with it. Just luck. I'll second that! Got 2 blocks last two days, ya never know.... |
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This is good news Sure is! Glad to hear that. Any time frame on VRC/VRM exchange markets? |
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I know, I see. Maybe someone had mining wallet at this address. Or already mining of a botnet host simple Yea, not too worried about it, just annoying... |
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hmm this connection is of the Chinese wallet or wallet tcp >> >> china. You can attach some logos
Ah, no. The site is blocked by MalewareBytes. You can look it up on Google I suppose... |
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Mining Verium from the wallet: Getting almost continuous warnings from MalewareBytes about verium-qt.exe contacting 220.182.20.143 Port 51910. Some site in China. Any reason for concern?
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you can guarantee price of a coin through deflation/inflation? rather big assumption wouldn't you say?
Nothing big about that assumption. It's done everyday in fiat, and it works. David said currencies don't deflate, and that's mostly correct in the long term for several reasons -one of them being inflation target above zero. But they do deflate short term all the time.
seems to me like a secondary market will be created one which is related to demand or volume
A secondary market will also be part of this.
You cannot guarantee that volume will rise thus it really is just circling back to the same issue...its a cool solution to a general problem but not sure if it will do what you intend but hey lets see it go should be interesting.
We are in the infancy of crypto, so no one can guarantee anything for any coin. BitBay and syscoin can both be dead two years from now for reasons none of use are able to foresee. Or one or both of them can become biger than bitcoin. There is no telling.
I can imagine it will deflate pretty quickly as people want higher prices and then wait for new money to come in to take volume higher so old money can get out of their stuck coins.
I def see why you envision a scenario like that. But the whole point of the peg is to provide stability, so there are limits to how fast it will be allowed to move. I don't think monetary policy in central banks is for price discovery of their currency, it is to stimulate economic growth or velocity (volume) of that currency or try to curb growth or slow down velocity, which has an affect of setting the market rate of the instrument, along with other affects. It's not the only factor which sets price thus you cannot guarantee a certain price. This is why I was saying the market will deflect into a volume based market where trading will happen based on projections of volume peaks instead of price... it will be interesting to see if volatility can be avoided this way since there is always a herd affect near peaks and troughs which bring in volatility... so instead of price crashing you might see volume crashing instead and then the question is what would bring about new volume again. Who knows what the actual price will be when these peaks are found. A whitepaper will go along way in describing the phenomenon when expected peaks and troughs are reached and how stability is actually achieved through some mathematical models. Yeah that's partly true. It depends on how miners vote. However my assumption is, miners will vote for whatever makes them more money. So if they see low volume and very low price they will deflate. If they see high volume they inflate. But remember, investors can also watch those global deflation rates correct? So miners aren't doing anything that won't be seen coming a mile away. Also perhaps if the software itself cast votes automatically by an algorithm then chances are miners will not be able to go against the algorithm just like it's hard to swim against a tide. Finally, you can guarantee an exact dollar price if you deflate a lot. I'm not recommending it, but in theory that means a group of miners can do it like Tether but self backed and if one backer disappears then someone else can freeze gradually to their comfort level and take their place. Extreme example: Deflate from 1 billion to 1000 coins, back with 1000 dollars and now it's exactly a dollar a coin. If that backer leaves anyone can take his place. Also secondary markets for frozen coins is not a design flaw, it's one of the best features. Since frozen coins can be moved with a 3 month time lock, they serve as credit swaps, bonds, and even trustless loans. So we hope to see that happen As to not having a whitepaper the community specifically asked me not to do this since it would give way too technical of a breakdown of how it's coded. And we want to be the first to release it. It certainly will be open source. Yikes ...not open source until a few months/years have passed i hope. You know these other coders will be years hacking away trying to replicate it but if open source will be ready with their copy and paste buttons in a few days. Why does everyone think that its a bad thing to copy? It only serves to validate the main chain!! Why do you think i never privatized syscoin? The core should be open and noone copied cause they know they wilk have a tough time keeping up You can copy a Rembrandt or Picasso but, that doesn't mean the copy IS a Rembrandt or Picasso. The original still holds it's value by virtue of being the real, original thing. Great discussion gentlemen, certainly enlightened me on the subject, thanks... |
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To be frank I have no idea, my preferred way forward was to go POS or POW with POS the issue I have here is although I know altcoins I don't know Ham Radios.
Now there is not much point in just becoming another POS or POW coin with little or no direction as to what this coin is supposed to be about, and that of coarse is Ham Radios so I have been patiently waiting for some one with those skills to come along.
I have lots of patience so its not an issue, and as you can see the Dev funds are safe.
So in essence I'm waiting for ideas and help.
Cheers
Crunck
I think there is a big "cool" factor here that could be expanded upon. Ham is all about having the ability to communicate and keep the world running in the event of a disaster or some other event that disrupts normal communications. Its also about experimenting and creating new ways to communicate as well as bringing new tech into use. In many ways, Crypto is the same and has many of the same goals. As Hams, we have both the responsibility of being there when needed and, developing new technology in our fields. Lots of skills can cross over as well as individual interests considering the many areas of study and career paths involved. I would say it's a matter of getting the word out rather than coming up with new ideas. Once there is interest, the new ideas will come. Being digital, crypto lends itself fairly well to being transmitted and received over the air using existing technology. Most new Ham radio equipment is fully digital and many new radios are nothing more than computers with pretty screens. SDR (Software Defined Radio) is quickly taking over from the old purpose built radio equipment. Couple that with an external computer and it would seem to me to be a great way to setup a crypto network over the air. You mentioned POS. This might be a bit much for a radio based network simply due to the amount of data that would be needed. But then again, POW has its work problem as well. I think the radio part of the equation has to remain simply in communicating infrequent updates to nodes rather than trying to run mining or POS operations over the air. All that can be handled at the local computers attached to the radios and mining pools. Perhaps a protocol needs to be developed where that data is compressed and sent through the network in bursts at regular time intervals or, greatly reduced in quantity. Anyway, there is a future here, it just needs to be defined. If I provide some forums for Ham radio, would you be willing to post some info about the coin and what you are looking for as far as future development and contribution to the project? Remember, most Hams don't know much or anything about crypto, you will need do some hand holding. The tech can come later, right now it's a matter of making the package pretty enough for Hams to be interested and easy enough to understand. Someone posted here some time ago that Ham radio is dying. That was a very uninformed observation. We have more young people and new operators coming online then ever before and mostly due to informational efforts by local clubs, new "cool" digital equipment and the fact that Morse code skills are no longer a requirement to earn a license. The future is bright... |
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So this 2.0 wallet is still POW? then what it really updating? sorry I may miss the discussion I am wondering what's the last block of POW of the new updated wallet? and when it will enter poS? Once it in POS there will be no miner needed to push the network right?
There will be no POS in the current wallet. It was discussed at some point but was then turned down in favour of pure POW. The new wallet has the same reward schedule as the old. IMHO, Truckcoin.... Really? Did someone here advertise TIPS in your forum? No, not to my knowledge. It wasn't a random spam though but a response. Many people were expecting/wishing/wanting tips to go pos. That seems not to be presently happening. TRK is good pos coin, so just a referral. I am a person that does not mind, when posters who respond to questions and give honest and helpful feedback to the tips community, which I think I have done, promote something they think is a good investment. But I also respect and appreciate you giving me your mind on the matter. Ok, I'll accept that even though I see your post as purely an advertisement... |
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Hi, possible to get an explanation of what teh "pegging" stuff means? Interested in this project
The blog/forums on the website seem dead..this project is still under active development?
This is very much under active development. You'r right about the site not being very lively. That's because we are mainly communicating on slack. We will use the forum section on site more in the future though. Mostly for help topics because it's nice to not have to read through a ton of pages here to find answers. The rolling peg, as we call it, is a way to stabilize the value of Bay. We believe one of the obstacles for digital currencies is the volatility in price. Why would Alice and Bob start using a currency that can lose 20-50% of it's value in a day? Doesn't make sense. So we are coming with a solution to that. BitBay will be the first currency in the world with the ability to automatically regulate supply to meet demand at a target price. This is done by freezing/releasing Bay. It's basically the same thing that nations do when they increase or decrease money supply. It's just much easier to do because we don't have to factor in the effect on interest rates, unemployment etc. The peg is designed to be flexible. Meaning we are not targeting a fixed value of Bay versus USD that never changes. Price will be allowed to move, but the extreme pumps and dumps that we know from crypto will not be possible. Think of the peg as a way to make the price of Bay move similar to bluechip stocks instead of crypto. An added advantage of our peg is what we call UVP, user value protection. The following is a very schematic example of how that works. If you buy 1 bitcoin worth of anycoin and it drops 20% you will only have 0.8 bitcoin left if you are forced to sell. In BitBay this will be different after the peg is implemented. If you buy 1 bitcoin worth of Bay and it drops 20% that will result in coins being frozen to maintain value. 20% of your coins are now frozen, so you will still only get 0.8 bitcoin if you are forced to sell, But you still have 20% of your Bay. When demand picks up they will be released, and you can sell them. You say BitBay will be the first. This begs the question, how does "Tether" do it? I have never seen the price of Tether change at all, always 1 USD yet the market cap is growing quite a bit. Just curious. I've been a supporter of Bay since the ICO. tether works buy "real" bank deposit of dollars matching the available tether usd token . Ah, I see. So it's sort of a "hybrid" system? Crypto world and real world mix. I would love to see the code that determines the amounts and makes the deposits... |
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dead coin is dead
"dead" coin might be dead but BitBay is doing fine in spite of you... |
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