At 5% we are offering like 25% inflation yearly for 50% stake
Ok, please tell me I am not the only one that had a major DAFUQ? moment after reading this nonsense statement. If we have gone up 5% since switching to PoS, that gives us roughly a 25% increase over a year from inflation. Staking generates 50% yearly This means our system is destroying roughly half of the coins generated by stake via transactions fees and other key factors. This allows us to offer an aggressive 50% yearly stake while only causing roughly 25% yearly infliation If I say something you don't understand or that doesn't make sense, please feel free to ask. I have no problem clarifying anything I say so my statement's intentions are known to all parties |
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So TLDR: you have another scamcoin. A stake one too! How innovative. Mullick clone this one too?
No exchange representatives are involved with us |
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What exchanges is this coin on?
Bittrex and VaultEX. We were on a few other small ones, but lost them when we did the hard fork |
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I expect about 5-10% will be spread across each large exchange (Bittrex, Cryptsy (hopefully), Bter (hopefully), etc), resulting in a max of 40% being actively traded. Inflation is necessary to ensure long term stakers have an increasing percentage of the market cap while still covering the more spread out supply actively changing hands. This system is built to scale long term, not benefit those looking for short term gains. It will help both types, but our target audience is stakers
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The more miners we get on the multipool, the more payments are sent out. This will result in a lower cap, since all transaction fees on the new chain are destroyed (among other factors) to decrease the rate of inflation
2014-2100 already....inflationary bigtime no? A small amount of inflation is essential. At 5% we are offering like 25% inflation yearly for 50% stake |
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I was buying up (and trading to acquire more) when it was pow with the 2014 cap, got to admitted was very disappointed with the change to pos in the way it did, changing the cap on a whim defeats the whole trustless system idea (something that is lost on so many coins/devs).
We had no choice. There was no blockchain security. If people liked the idea so much, they would have driven the price higher and mined for transaction fees. Community voted for 50% PoS and you think you have security now? btw the b&tch of a client still losses its balance in the gui as it stakes. I believe our blockchain to be top tier secure Let me put it this way. Is it a better idea to invest BTC into S3s and pay electeicity to mine, or use that same amount, buy M, stake it in 24 hours, and have no energy bill? |
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I was buying up (and trading to acquire more) when it was pow with the 2014 cap, got to admitted was very disappointed with the change to pos in the way it did, changing the cap on a whim defeats the whole trustless system idea (something that is lost on so many coins/devs).
We had no choice. There was no blockchain security. If people liked the idea so much, they would have driven the price higher and mined for transaction fees. Community voted for 50% PoS The more miners we get on the multipool, the more payments are sent out. This will result in a lower cap, since all transaction fees on the new chain are destroyed (among other factors) to decrease the rate of inflation |
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All of my resources will be behind it
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define what you mean by "Basically, I'm all-in on Maieuticoin." ?
Increasing Maieuticoin's market cap, trading volume, and exposure is now my main focus |
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Time Well SpentMaieuticoin is a project I am extremely excited about. Three very experienced, well respected developers have come together to make something that is rock solid in both blockchain security and market price. The past six months have been a very exciting time for all of us getting things ready to push the marketing forward Using Pure Proof of Stake, Maieuticoin's supply has increased to a little over 2100 coins, after several months of switching to PoS. Coins were distributed while we were on the original MMXIV chain. There was no premine, and all 2014 coins were mined out. At this point we were caught in a dilemna with low blockchain security since there was no reason to mine and transaction fees were not worth the hashpower. It was then that we went to a new blockchain, coinswapped on Bittrex, and started fresh The final product is a coin that has a wonderful user interface, a secure blockchain, and a very experienced, well respected community that is vocal to our goals in both IRC and these forums. We are community driven and have made changes that were requested by the community Coin PurposeI have been very vocal in the past about Proof of Stake being insecure. However, after our tests and talks with many other top tier members, I decided that it was the best way to keep MMXIV alive as a community, but put trust in a system that is not Proof of Work. Maieuticoin is based off the newest PPC, not a clone of a clone, and we have tweaked it perfectly to fit our needs We are not aiming for a mass adoption, merchant trading token. Maieuticoin aims for someone who trades on percentages, rather than dollars, and sees the value in holding a coin with a very low supply (2100 coins currently). An aggressive interest rate of .96% weekly, just from staking, interests many in putting their money in a bolder step of proof of wealth than Bitcoin and other scarce commodities while many prices either crash or fluctuate wildly. It is intended to be used as a hedge against uncertain times in more established markets, such as Fiat, Bitcoin, or gold. Our price has been incredibly stable for months, and slowly creeping up and to the right, exactly as anticipated. There are several key factors to keeping inflation at a very low rate, while still allowing for a 50% yearly stake, or roughly .96% weekly Why should we care who you are?No doubt I am opening myself up to a lot of criticism here, or nobody may care at all. Either way, I believe it is a good time to say that I have been deeply involved with this coin. I believe we have built something, and a system of surrounding purposes, that will fit the niche of many investors and speculators both in our current markets and larger. It is built to scale incredibly well. Whether or not you agree with my opinions or demeanor, we can all agree that I've had coins that went very well, and coins that didn't perform as expected. This is also the last coin that I will be directly responsible for. My involvement further will only be on very creative or innovative projects that others have thought up and brought to me. Basically, I'm all-in on Maieuticoin. Right around this time last year, Tickets (TIX) shot up to a multi-million dollar market cap, was in the top 15 overall for many months, and (although scrypt-jane is now outdated), is still incredibly successful In turbulent times, it is important to have a place to fit in that isn't rotten to the core. Maieuticoin is that place. Even in the wild west, there was a code of ethics; I believe I've already proven I abide by everyone's rules. I know what I'm doing, deep down inside everyone here knows I know what I'm doing, and this time I will be focused on my work, rather than watching chat boxes and forums for the newest FUD. We have that much work left to do Hop on or miss out There is also still a chance for miners to get in at a very early rate by mining on our beautiful, very custom Multipool, which is run by ThePeePs, a trustworthy, well respected pool operator for many coins and projects Unmoderated Thread
Full Disclosure: There are NO employees or representatives from any exchange involved with our team |
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Sure,
To start, I am into HighPOS-coins because I think its the smartest way of 'mining' coins. You reading this probably means you kind off figured this out too. But highPOS comes with a potential problem as well: High inflation because coins are multipling themselves, 1 becomes 2 and then 4, 8, 16, 32 etc. Before you know it, the coin supply gets bigger exponentially, which will eventually force their value down in the same pace.
Some months ago, I went digging in the HBN blockchain to see how the monthly inflation rate due to POS-staking was developing in reality. It became clear that in case of HBN it's not spiralling out of control. Not at all, it's actually getting lower every month. HBN seems to be designed in a way that prevents exponential inflation. I have some idea's why but for now, that not the point.
I was wondering whether the other HighPOS coins behaved the same way as HBN or not. CAP is twice the POS rate but compared to HBN similar in design. I am really interested to find out all about CAP-inflation. How high is it? And how does it evolve?
So I am planning on investigating HBN, CAP, TEK and HYP in this respect. I managed to find useable blockexplorers for all of them except CAP. That's why I was asking for some help.
When I am done, I'll share my findings, I am curious to know what you High-POS-guys think of it!
Inflation doesn't matter as much since these aren't competing to be currencies. I mean you can use them as such, but that would be the same as going into Apple stock with the anticipation that you can then get a "Xapple Card" to sell your Apple stock to buy your latte at Starbucks. High PoS combines a few aspects: - Mining/minting masternode: the number of coins you have can be considered to be your "power" in generating more coins. However, unlike the continuous arms race of mining with physical machines, you get an idea of the possible "hash power," i.e., what # of coins you can generate based on the number of coins you have as well as the time it will take to hit a block. If you think about mining say HBN, it's like mining BTC in the early days, since when you hit a block, the whole block is yours. Unlike PoW, however, efforts to hit a block aren't burnt up, so you actually generate more coins once you hit a block later. - Hedging: At a time when almost every altcoin is a falling knife, high PoS at least rewards holders with a set # of new coins/hashing shares. When say Vericoin can just crash into oblivion since it is purely a speculative play from the same people who brought you Blackcoin, intelligently designed high PoS has a latent value in that, like mining, you can put value in to potentially get more value out. - Continuous share dilution/creation: If you hold the same number of coins and mint them continuously, you will still have the same % of total coins in the market later, more or less. So if you held 50k HBN now, and just staked for a decade, you'd then have say 1M HBN. It's just a mathematical change. You share of the total network of coins, minting masternodes is more or less the same. This is where it helps to think not simply currency, but something more powerful where "dilution" doesn't matter as much. This is a prety important post to read because Loaf has it exactly right. PoS is a system based on percentages, rather than amount of coins |
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This is why you don't use anything that could be confused as "shares" of anything yet. Even though this current post is probably bullshit, it's a good idea to be extra careful
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You can do this on any chain. It also doesn't have to be a fresh release to perform such actions, although it's much easier if it is
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Didn't read most of that, but I assume that's a no on the whole being civil thing. But to group me with Cryptsy is unfair. I'm in no way affiliated with any company other than my own businesses. I also hope you understand the difference between actually doing the carpet cleaning and owning the entire company. They are quite different responsibilities...
Oh well it was worth a shot. Back to the topic at hand
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You sure are disrespectful...
I feel like you label me far worse than I really am. With all the scams going around, do you really have to hold a grudge and vehemently try to tarnish my name, just because I waited three weeks to say I was involved with a fair (and very legitimately successful) coin. For well over a year...?
How about a truce. You quit talking shit about me when I have nothing to do with the topic at hand and I will never respond to your ramblings again, even if I strongly disagree. Deal? Choose civility for once
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Cryptsy is still one of the only places I feel (relatively) safe leaving a decent amount of money if I had local problems
Bittrex has proven itself to me, too, recently. I kinda wanted to vote for RS though just because of paid bans. I love that shit
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Website should be faster than ever now  That new wallet is pretty tight to watch market. Nice work |
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Or just don't spam bump your own thread that nobody cares about?
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