1 gridseed blade on the way! |
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Can someone summarise the innovative bits of Cinni that make it different?
Do some investment, read some pages of this thread. almost every page someone is asking this I read the first page. Can you provide links to more info on the innovative bits? Innovate bits? Whoops, dev forgot to put that in, new wallet with innovation on the way.  Only people who have been following CINNI from the start caught that joke. It went over my head. What will be innovative about the new wallet? Not a god damn thing. It's a scam coin. Dev forgot to put PoS into the wallet when it first launched because he is talentless. I made a lot of BTC off it though, and am waiting closely to see what the "big news" is cuz I'm curious if this heap of shit can go higher. This message will be deleted by dev in 3.....2.......1...... Your last post is still there, is there a lot of censorship in this thread? I trashed this coin from the get go. Dev was a no show for the launch, like literally wasn't even online, not even a "sorry guys, launch delayed". Then ninja launched it in the middle of the night like 12 hours later. He deleted my posts, as I assume these will be deleted. I did own a quarter of million bought between 2000-4000 satoshis but have been dumping throughout the pump. The scam artists running this thing may pump it higher, idk, but too risky at these prices. I'm not greedy. |
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Just happened to notice this. I have like 70k BLITZ thats been in bittrex forever. Figured I'd simply watch it drop to 1 satoshi slowly.
How can I help? Got 1 gridseed blade and I will donate my hashes today. Are we to just solo mine BLITZ?
And I am all good for the conversion right? Any BLITZ in bittrex, no matter how long it's been there, will be converted right?
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Can someone summarise the innovative bits of Cinni that make it different?
Do some investment, read some pages of this thread. almost every page someone is asking this I read the first page. Can you provide links to more info on the innovative bits? Innovate bits? Whoops, dev forgot to put that in, new wallet with innovation on the way. Only people who have been following CINNI from the start caught that joke. It went over my head. What will be innovative about the new wallet? Not a god damn thing. It's a scam coin. Dev forgot to put PoS into the wallet when it first launched because he is talentless. I made a lot of BTC off it though, and am waiting closely to see what the "big news" is cuz I'm curious if this heap of shit can go higher. This message will be deleted by dev in 3.....2.......1...... |
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Can someone summarise the innovative bits of Cinni that make it different?
Do some investment, read some pages of this thread. almost every page someone is asking this I read the first page. Can you provide links to more info on the innovative bits? Innovate bits? Whoops, dev forgot to put that in, new wallet with innovation on the way. Only people who have been following CINNI from the start caught that joke. |
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My yellowcoin wallet is using 1% of my CPU, 100Kb of RAM, and the entire mining rig it is open on has about 1 Mbps combined upload/download. You sure you aren't running your yellowcoin wallet on a toaster right?
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One thing I missed, where does the talkcoin I spend to send a message go? Devs wallet? Bounty fund? Destroyed?
An address is necessary to send data in the blockchain. It's symbolic, the amount can be changed later based on a lower price. For now, all bounties cannot even be paid. There is really no premine/instamine involved. It is actually a pretty sweet way to fund development. The more use TAC gets, the more coins it has to pay out bounties. The more bounties it can pay out, the more features it gets. More features increases use further.......ya see where I am going. It is like a self sustaining development fund. Just keep a clear ledger on every coin that is moved out of that address. Don't give FUDsters any ammo. |
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One thing I missed, where does the talkcoin I spend to send a message go? Devs wallet? Bounty fund? Destroyed?
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I like free coins. Gimme gimme gimme.
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Fucking brilliant!!
I have always wished someone would come up a system for notifications of wallet updates.
It has always been a pet peeve of mine to need to track down the ANN thread for some coin I haven't looked at in ages just to be sure there hasn't been a mandatory update or hard fork while I wasn't paying attention.
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It is unlocked....  I have had TEK take 35 days to stake before. Just keep your wallet open and it will come. There is a bit of a luck factor involved too, just like with PoW mining. |
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Sorry, can someone explain to me those links? Are BTC investors included? Why there are already 456 millions of of MaidSafeCoins out of there? the BTC was manual and slower, the MSC was automatic. so, BTC backers are later. I think he means , why do 456 million maidsafe(safe) coins already exist, when only mastercoin funds have been accounted for. when that is already more than the premine total if i saw the totals right. so how many will be total premine if already 456 million have gone to mastercoin already This is exactly what I am wondering too...!? Maidsafe used the fuckton of MSC that was sent in to convert to the full amount of the IPO immediately so they could begin distributing them to the BTC backers. That 456 million reflects the maidsafe purchased with MSC, BTC, and whatever is still left unpurchased. One of those really big MSC transactions is the maidsafe team themselves. |
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Do you have something against an automated token generation mechanism that takes one token as input and spits out another token(s) in return? That seems like a genuinely simple way to perform a Crowdsale of a new token, which is what we have implemented.
Craig
I'm not really hating, just trying to understand. Just gotta use any opportunity to mention XCP, as I am one of the first burners, gotta root for the home team! Ok, I get that the MSC is gonna be returned to the loaners. I get that a MSC generates so many of an asset at a fixed rate. What I am not understanding, is what happens to the MSC used to create MSAFE after it is sent off to the exodus address, and before the crowdsale ends and it is returned to the loaner? Does the blockchain just give it a warm hug and hold onto it for a fixed period of time? I'm asking, if I wanted to sell 1000 DRAGON DILDOS using the MSC protocol, I can create an asset called DRAGON DILDOS, set the rate at 1 MSC=1000 DRAGON DILDOS and limit the asset to a total of 1000 DRAGON DILDOS, send 1 MSC to the DRAGON DILDO exodus address, receive my 1000 DRAGON DILDOS, and then my 1 MSC...........take it from here, what happens to that 1 MSC after this point? I guess I am asking where does the MSC go, how long is it there, who has it, and where does it eventually end up. This is a serious question but I did abuse this opportunity to type DRAGON DILDOS in all caps as many times as I could. In this example, you are the one holding the crowdsale. You wish to sell 1000 DRAGON DILDOS for each 1 MSC you recieve in your crowdsale. You’d announce these terms to the blockchain (using MP tx51) with those attriubtes. A buyer would send 1MSC to the DILDOEXODUS address. The buyer would receive 1000 DILDO and the Crowdsale address would receive 1 MSC. You get to keep that 1 MSC, since you’re the one who sold the DRAGON DILDOS. Craig Ahhhhhhhh........................ok, now I get it. So yes, if this were just an excuse to just pump MSC, the maidsafe guys wouldn't allow use of BTC at all. They hold the BTC donations, they get to use the loaned MSC to create MSAFE, and get the MSC returned to them so they can return it to the foundation. Ok, this sounds alot less scammy now. Maybe you MSC guys are okay after all. Feeling really good I was able to scoop up a whole lot of MSC at 0.1 about 12 hours ago now! |
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Wait, can anyone who is familiar with MSC confirm this? Is this how MSC works?
I work for the Mastercoin Foundation. This is how it works. So everytime there is a large asset issuance on MSC, an ungodly amount of MSC needs to be acquired?
Only if the ratio between BTC and the new token is intended to stay fixed during the crowdsale (independent of market fluctuations.) The protocol functions as a fixed ratio of MSC to the new token. Adding the extra BTC step is where it becomes more complicated. And I guess I didn't catch this part but where does the MSC that is used to create MSAFE go? I assume it doesn't disappear, and it can't be going back to the maidsafe guys because why then why would they even need a large MSC loan? They can just keep reusing the same MSC.
And they don’t. In this case, the loaned MSC is being used by the protocol to generate token for purchasers who use BTC. Those MSC get returned to the loaner once the crowdsale completes, and the BTC stays in the hands of the party running the Crowdsale (in this case, MaidSafe). The more I know about MSC, the more I become a believer that XCP will overtake it one day. It may not have the marketing and funds that MSC has, but the fundamentals seem way more solid. But I am not trying to turn this into a discussion on XCP. Not that that should stop you from immediately running out to buy a few hundred, or thousand, whatever floats your boat  That’s your prerogative. We have nothing against the Counterparty guys, and wish them the best in their project. We share best-practices and help one another avoid pitfalls. We have open communication between the developers of both projects. Do you have something against an automated token generation mechanism that takes one token as input and spits out another token(s) in return? That seems like a genuinely simple way to perform a Crowdsale of a new token, which is what we have implemented. Craig I'm not really hating, just trying to understand. Just gotta use any opportunity to mention XCP, as I am one of the first burners, gotta root for the home team! Ok, I get that the MSC is gonna be returned to the loaners. I get that a MSC generates so many of an asset at a fixed rate. What I am not understanding, is what happens to the MSC used to create MSAFE after it is sent off to the exodus address, and before the crowdsale ends and it is returned to the loaner? Does the blockchain just give it a warm hug and hold onto it for a fixed period of time? I'm asking, if I wanted to sell 1000 DRAGON DILDOS using the MSC protocol, I can create an asset called DRAGON DILDOS, set the rate at 1 MSC=1000 DRAGON DILDOS and limit the asset to a total of 1000 DRAGON DILDOS, send 1 MSC to the DRAGON DILDO exodus address, receive my 1000 DRAGON DILDOS, and then my 1 MSC...........take it from here, what happens to that 1 MSC after this point? I guess I am asking where does the MSC go, how long is it there, who has it, and where does it eventually end up. This is a serious question but I did abuse this opportunity to type DRAGON DILDOS in all caps as many times as I could. |
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Craig,
-Your reply clarifies a major point I've overlooked, that I'm surprised wasn't answered when David Irvine was pressed for questions on his thread.
Since it’s easier and more straightforward to particpate in the Crowdsale using BTC, it’s a reasonable assumption that the majority of particpants will be using BTC to participate. Your statement “over inflated launch price” seems to imply your bias in this case, anyway. The market sets these prices, even at the launch.
Quote from: Chang Hum on Today at 04:47:50 PM
Bold part 2 again confirming the bizarre claim about issuance in the first quote
Since the protocol uses MSC to decide how many MSAFE to generate, this should be obvious.
Wow that is mind blowing you've confirmed that mastercoin really does work in this way I assumed it must have been a mistake by David Irvine.
Wait, can anyone who is familiar with MSC confirm this? Is this how MSC works? So everytime there is a large asset issuance on MSC, an ungodly amount of MSC needs to be acquired? And I guess I didn't catch this part but where does the MSC that is used to create MSAFE go? I assume it doesn't disappear, and it can't be going back to the maidsafe guys because why then why would they even need a large MSC loan? They can just keep reusing the same MSC. Off to the mastercoin forums to read up on how it handles asset issuance until someone can explain this to me like I am a 5 year old. The more I know about MSC, the more I become a believer that XCP will overtake it one day. It may not have the marketing and funds that MSC has, but the fundamentals seem way more solid. But I am not trying to turn this into a discussion on XCP. Not that that should stop you from immediately running out to buy a few hundred, or thousand, whatever floats your boat |
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Backers will receive 17,000 MaidSafeCoins per bitcoin
Backers will receive 3,400 MaidSafeCoins per mastercoin---from http://buysafecoins.comThis means 1msc=0.2btc,how did they decide the exchange rate? As I know, 1msc=0.08btc before this released, why don't they let the market decide the rate? I think this is a way to let the msc big holders to sell them msc high. Maybe something deep inside the project. price manipulation 2.0, featuring the mastercoin foundation Just curious if you know something I don't or if this is FUD, because if you have further information on why I should avoid this IPO, I would greatly appreciate hearing it. because the IPO is designed to pump mastercoin price and someone can simply fork maidsafe and the token system because it's open source? Yes, the exchange rate of MSC/maidsafecoin and BTC/maidsafecoin is a bit troublesome. Obviously the price spike we have seen on MSC since the announcement is due solely to this IPO. I am sure there are schemers over at the mastercoin foundation who saw this. I suppose though it comes down to whether or not you trust the devs of maidsafe. Are the maidsafe devs and mastercoin foundation laughing together right now over all the cash they are gonna dupe all us suckers out of? Or are the maidsafe devs simply genuine believers in MSC who saw it as a perfect way to fund their IPO? Maybe they just didn't want to shit all over MSC holders by offering a lousy price when they expected their IPO to revitalize interest in MSC anyway? I don't know. My rule of thumb when it comes to crypto is to assume everyone is a lying thieving bastard out to con and rob as much as they can from you, until I have evidence to the contrary. A bit cynical but I'm sure you will agree is a pretty practical stance to take. But I really wanna believe in these guys and really like the project. First thing to truly capture my interest in a while. I have read a lot of articles on this so can't remember where I saw it but hasn't this been in development for like 8 years by a team of over a dozen programmers and already received $5 million in funding during that time? It was only the token system that was tacked on more recently as a way to incentivise the project, but the underlying technology supposedly has been in development since before BTC hit $1. If all this is true doesn't this give the maidsafe team a certain level of legitimacy beyond being just a pump and dump squad? And as far as saying well it can just be forked anyway because it's open source, well you can say that about BTC too, doesn't mean any of the hundreds of BTC clones is even close to dethroning it. First mover advantage is a powerful thing. I certainly don't think anyone would be applauding maidsafe for choosing the closed source route. I have no stake in this thing yet either way, and don't give 2 shits about MSC, I am just asking questions to try to separate fact from FUD. |
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Sorry guys thought to save anyone investing on the back of what I've said the whole thing looks mad on close inspection, I think it's a scam but in a bizzare twist it looks like the naive libertarian "business man" (I put in comas because it's clear he's only worked under funding before) has been duped by the mastercoin foundation!!
Anyway I've managed to Dump all my 700 odd mastercoin at a big loss. Looks like David the director has been conned into paying $10m usd asset issuance by mastercoin foundation scum!(equiv $1 on counterparty hahaha). Shame would have loved to invest clever guy (in one way) and great project. Hard to believe someone so clever can be so stupid but check out the facts yourselves.
Please summarize and post links to these facts we should check out ourselves? I too purchased MSC specifically for the purpose of this IPO. MSC is certainly controversial, I have never held any until today, and I would have preferred to see the funding done through XCP but if all the maidsafecoins are sold during the IPO, this in no way gives mastercoin foundation $10 million. Maidsafecoins created for this IPO will all be exactly the same thing regardless of whether you bought them with BTC or MSC. When the SAFE network launches, the maidsafecoin will be exchanged with safecoins on a 1:1 basis. If you don't want to trade or move your maidsafecoins in the meantime, you never have to touch MSC. My understanding is you will just have to wait until safecoin is launched, download masterchest, swap your maidsafecoin for safecoin, and you can forget MSC exists after that if you so desire. Simply because they are using MSC as a vehicle to hopefully raise $10 million in no way shape or form gives the mastercoin foundation $10 million. Just curious if you know something I don't or if this is FUD, because if you have further information on why I should avoid this IPO, I would greatly appreciate hearing it. |
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Most probably a scam as they are simply asking to send coins to an address. The website is made by using free service strikingly
Not true, the devs behind Madesafe have been working on it for years and there are a lot of articles out there on them. Seems like a scam, unless you've run their software? Do you not venture outside the walls of BCT? It's not a scam. Whether or not it's a good investment is up to you to decide but if you are lumping this in the same category as EDGE and STACK, you are clueless. |
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Guys, it's ok. I took MCR out to live at a beautiful farm where he can run and play with all the other coins. He will be okay, trust me, he is so much happier there than being couped up in those silly wallets and exchanges!
Huh? What did you say? Why do I have this shotgun and shovel with me? Oh, no reason. Just uhhhh.....cleaning my 'ole trusty shotgun before I but it away and needed to dig a hole for.....uhhh...planting a tree in honor of our pal MCR so we can always think of him on that farm and how happy he is when we look at it! Yeah, that's it.
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