We are talking about a certain % of buyer that "probably" could issue some charge back (numbers are know for every single category of good and services)
What are the numbers for digital tokens that can be quickly, easily, and anonymously liquidated at high volume? This has no chance of working. Sorry, i don't think that you understand the way SOG link between fiat money and bitcrystals. Yodark saw that cards sold whit fiat money aren't crypto asset, but that is possible to convert those centralized asset it in crypto asset after a certain time (... when any charge back claim is not even possible). The same system could be used whit bcy, if setting a rolling "charge back fund" is not safe.
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Mixing reversible and non-reversible transactions won't work. A buyer can issue a chargeback for many months after their purchase. You're better off partnering with a BTC payment company.
I don't agree, it is a a simple task for the risk management. We are talking about a certain % of buyer that "probably" could issue some charge back (numbers are know for every single category of good and services), it is always possible to create a suitable "charge back fund" internally, loaded whit a % of the total net proceed. Once this rolling "charge back fund" is created it is possible to mix all the reversible whit non-revesible tx needed. Nothing special, just the basis of a dumb risk manager. And do not forget that is still possible to do fine tunig months by months whit the 50% of fiat money not burned in the blockchain. The problem is the transparency not charge back.
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Hallo I have a question about Gutemberg:
Will Gutenberg be a bot that just transform immediately the net proceed for cards in fiat money from google/apple marketplaces first in btc than in bcy in the secondary market or will it be a system managed by humans?
This is a pretty crucial question because a bot ensure much more transparency in the burning process, a Human Managed System could (i say: could) be used in a malicious manner. For example by collecting a lot of fiat/btc time to time then do a cross order btc to bcy on the secondary market excluding other market participant but Everdream soft. In a couple of words: front running. The answer is : probably not, the reason is simply because AppStore and Google purchase are reversible while blockchain transactions are irreversible. The question is still open now as we are working to figure out the best option for that. For now we are focusing on blockchain only card issuance. When it will come to large public purchase AppStore, a lead could be to allow people to store their purchase off-chain only. After certain time allowing people to convert their asset into a digital asset. Another lead is to partnership with a bitcoin transmitter company (cicle, coinbase...) to directly offer Bitcoin or BCY purchase in the game without using the store system But still this is still open to discussion in any case we are going to have this open and transparent. Yes I perfectly understand the issue, so for the first time, Gutemberg, after the time needed to avoid refund requests from the customers via payment processors, will convert fiat money in bitcoin and then in Bcy to be burned with a manual process. Let's say, for example, that every app. store / google play payment cycle and after any period were refunds could be requested, the 50% of the net proceed is converted in bitcoin at a transparent address and then in bcy to be burned. Bulding a transparent system is actually quite challenging but needed. good luck whit this.
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Hallo I have a question about Gutemberg:
Will Gutenberg be a bot that just transform immediately the net proceed for cards in fiat money from google/apple marketplaces first in btc than in bcy in the secondary market or will it be a system managed by humans?
This is a pretty crucial question because a bot ensure much more transparency in the burning process, a Human Managed System could (i say: could) be used in a malicious manner. For example by collecting a lot of fiat/btc time to time then do a cross order btc to bcy on the secondary market excluding other market participant but Everdream soft. In a couple of words: front running.
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BCY to the moon... 0.00008 reached on Poloniex.... and no real game yet
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Hi ! Thanks Viva for your updated numbers It's quite helpful for us as well just precision the SJCX GEMZ and SWARM that are in the wallet most of them were received before the Token Sale and won't result from a Burn. Everything received after the sale distribution will result to a burn. The SHUMAI and CNP are blog coin. Coin follower of their respective blog receive. The coin received this way are fully burned and not resold by us. It's freebies for the blog active community in counterpart of some coverage. Shapeshiftcd belongs to Shapeshift 800 cards where given to them in counterpart of dev support they provided. They sell the card for the price they decide. So there is no BCY burn on those cards. But we still have 200 cards that are not on sale. If we sell them at some point it will result with a BCY burn. The first price was not .3 it was .1 I think Thanks Yodark, I have corrected. So we have about 500.000 bcy collected from the card sold, and about 250.000 bcy to be burned at the end of this month (for now). I think that after all we will have about 350.000 bcy burned at the end of this month. and no fiat money link yet. https://docs.google.com/spreadsheets/d/1dyi7yMsqDOxCzk2cf9slODeein2L4GCDVubCY706QR8/edit#gid=0
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MasterXchange is very fishy lately, withdrawals are being delayed for 3-5 days as if he waits for others to deposit.. hes killing the exchange.. Be careful with MasterXchange, i'm still waiting my msc withdrawal (636.25511582 msc), they say that the withdrawal is "Done" (i did the order more than 72 hour ago, and they put the order in Done Status more than 48 hour ago) but no transaction yet, this is the adress: 13sLCg4gvKYJT6mV8Wwf7wt2oJeUuSoABq i'm scared. Contact him - https://twitter.com/EmilienDutang support@masterxchange.comI already sended two email at : support@masterxchange.comI will try with twitter Tanks for the advice I send a message via twitter yesterday and today I send this message: Hallo, my withdrawal was update in DONE 4 days ago, but no mastercoin were sended yet: Here is the transaction: 636.25511582 msc 0.08000000 msc 2015-10-04 10:53:10 13sLCg4gvKYJT6mV8Wwf7wt2oJeUuSoABq done BE CAREFUL WITH MASTERXCHANGE! I have just recived this feedback fr0m Emilien Dutang : Hello dear Paolo, There has been a issue with the withdrawals. Somehow the transaction our mastercore broadcasted were not included in any blocks. We found its related to the current malleability attack on bitcoin since most of our withdrawals have been changed in transaction id Due to the intensive manual process we need to make, and the fact that we only have a couple hours a day available to work on this, we expect to solve this within a couple of days Also, to be safe in this case we have to be sure the input tx are all spend and make a lot of manual work, so it will take a bit of time Have a nice day Regards. ..... crossfinger And no Mastercoin sended to my adress.... more than 72 hour passed. Be careful whit MasterXchange DONE!!!! MY Mastercoin on their way to the new destination!!!!! fiuuuuuuu
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MasterXchange is very fishy lately, withdrawals are being delayed for 3-5 days as if he waits for others to deposit.. hes killing the exchange.. Be careful with MasterXchange, i'm still waiting my msc withdrawal (636.25511582 msc), they say that the withdrawal is "Done" (i did the order more than 72 hour ago, and they put the order in Done Status more than 48 hour ago) but no transaction yet, this is the adress: 13sLCg4gvKYJT6mV8Wwf7wt2oJeUuSoABq i'm scared. Contact him - https://twitter.com/EmilienDutang support@masterxchange.comI already sended two email at : support@masterxchange.comI will try with twitter Tanks for the advice I send a message via twitter yesterday and today I send this message: Hallo, my withdrawal was update in DONE 4 days ago, but no mastercoin were sended yet: Here is the transaction: 636.25511582 msc 0.08000000 msc 2015-10-04 10:53:10 13sLCg4gvKYJT6mV8Wwf7wt2oJeUuSoABq done BE CAREFUL WITH MASTERXCHANGE! I have just recived this feedback fr0m Emilien Dutang : Hello dear Paolo, There has been a issue with the withdrawals. Somehow the transaction our mastercore broadcasted were not included in any blocks. We found its related to the current malleability attack on bitcoin since most of our withdrawals have been changed in transaction id Due to the intensive manual process we need to make, and the fact that we only have a couple hours a day available to work on this, we expect to solve this within a couple of days Also, to be safe in this case we have to be sure the input tx are all spend and make a lot of manual work, so it will take a bit of time Have a nice day Regards. ..... crossfinger And no Mastercoin sended to my adress.... more than 72 hour passed. Be careful whit MasterXchange
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Hallo, I have a question.
I can't follow how many bcy or other coin were collected trough the selling of SHAPESHIFTCD cards via shapshift.
I know that a considerable (probably 74) number of SHAPESHIFTCD cards were sold but i can't have any idea of the net proceed.
Could you help me?
Does exist a counterparty address were those criptocurrency are stored?
Thanks in Advance
I believe it started at .3 BTC- but if you want to cut costs go put a bid order in on the SHAPESHIFTCD/XCP counterparty market. Much better entry point, IF you can snag one! Good luck Well .3 BTC is Huge! by far the most costly card by now, is about: 4285bcy each!!! I can't belive that so many (74 based on what I see in the counterparty blockchain) high cost card were sold. It will translate in 317.142,85 bcy!!!!! at least. And 158.571 bcy to be burned at least. It is crazy! No, I think there is something wrong.
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Hallo, I have a question.
I can't follow how many bcy or other coin were collected trough the selling of SHAPESHIFTCD cards via shapshift.
I know that a considerable (probably 74) number of SHAPESHIFTCD cards were sold but i can't have any idea of the net proceed.
Could you help me?
Does exist a counterparty address were those criptocurrency are stored?
Thanks in Advance
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If my calculation aren't wrong: At 10th October: 229.162 bcy to be burned from regular bcy collected from the card on sale 67.007 bcy to be burned from other coin from the card on sale (I use a consrvative rate of change) Gr. Total: 296.169 bcy to be burnedThat is the 0,67% of the entire free token supply (44.433.901 bcy). And no game yet. No connection between fiat money and bcy trought app store and google play. The total bcy that will be burned at the end of this month coluld be easly in the 400.000-500.000 range, probably in the top range Not so bad at all. You can control my data here: https://docs.google.com/spreadsheets/d/1dyi7yMsqDOxCzk2cf9slODeein2L4GCDVubCY706QR8/edit#gid=0
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Hallo I have a question.
What happen with the other cryptocurrencies (not Bitcrystals) collected from the card sold via swapbot?
I mean: the half of the net proceed from the non-bcy crypto, will be burned in bitcrystals (after a conversion in the open market via shapeshift for example) at the end of every month?
This point for me is not clear.
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MasterXchange is very fishy lately, withdrawals are being delayed for 3-5 days as if he waits for others to deposit.. hes killing the exchange.. Be careful with MasterXchange, i'm still waiting my msc withdrawal (636.25511582 msc), they say that the withdrawal is "Done" (i did the order more than 72 hour ago, and they put the order in Done Status more than 48 hour ago) but no transaction yet, this is the adress: 13sLCg4gvKYJT6mV8Wwf7wt2oJeUuSoABq i'm scared. Contact him - https://twitter.com/EmilienDutang support@masterxchange.comI already sended two email at : support@masterxchange.comI will try with twitter Tanks for the advice I send a message via twitter yesterday and today I send this message: Hallo, my withdrawal was update in DONE 4 days ago, but no mastercoin were sended yet: Here is the transaction: 636.25511582 msc 0.08000000 msc 2015-10-04 10:53:10 13sLCg4gvKYJT6mV8Wwf7wt2oJeUuSoABq done BE CAREFUL WITH MASTERXCHANGE! I have just recived this feedback fr0m Emilien Dutang : Hello dear Paolo, There has been a issue with the withdrawals. Somehow the transaction our mastercore broadcasted were not included in any blocks. We found its related to the current malleability attack on bitcoin since most of our withdrawals have been changed in transaction id Due to the intensive manual process we need to make, and the fact that we only have a couple hours a day available to work on this, we expect to solve this within a couple of days Also, to be safe in this case we have to be sure the input tx are all spend and make a lot of manual work, so it will take a bit of time Have a nice day Regards. ..... crossfinger
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MasterXchange is very fishy lately, withdrawals are being delayed for 3-5 days as if he waits for others to deposit.. hes killing the exchange.. Be careful with MasterXchange, i'm still waiting my msc withdrawal (636.25511582 msc), they say that the withdrawal is "Done" (i did the order more than 72 hour ago, and they put the order in Done Status more than 48 hour ago) but no transaction yet, this is the adress: 13sLCg4gvKYJT6mV8Wwf7wt2oJeUuSoABq i'm scared. Contact him - https://twitter.com/EmilienDutang support@masterxchange.comI already sended two email at : support@masterxchange.comI will try with twitter Tanks for the advice I send a message via twitter yesterday and today I send this message: Hallo, my withdrawal was update in DONE 4 days ago, but no mastercoin were sended yet: Here is the transaction: 636.25511582 msc 0.08000000 msc 2015-10-04 10:53:10 13sLCg4gvKYJT6mV8Wwf7wt2oJeUuSoABq done BE CAREFUL WITH MASTERXCHANGE!
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MasterXchange is very fishy lately, withdrawals are being delayed for 3-5 days as if he waits for others to deposit.. hes killing the exchange.. Be careful with MasterXchange, i'm still waiting my msc withdrawal (636.25511582 msc), they say that the withdrawal is "Done" (i did the order more than 72 hour ago, and they put the order in Done Status more than 48 hour ago) but no transaction yet, this is the adress: 13sLCg4gvKYJT6mV8Wwf7wt2oJeUuSoABq i'm scared. Contact him - https://twitter.com/EmilienDutang support@masterxchange.comI already sended two email at : support@masterxchange.comI will try with twitter Tanks for the advice
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