How is the RAI blockchain secured without incentives for securing it? What about if only 10 people open up their wallets daily? I don't get how captchas will replace the pow/pos security
Bitcoin doesn't exactly have incentives for running a full node either. Miners could just mine blocks without processing any transactions. So the fees paid to the miners are not incentives? whaaaaa??? edit: actually, since bitcoin is the #1 crypto used, I'm sure there is plenty of incentives and doubt empty blocks will be mined |
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How is the RAI blockchain secured without incentives for securing it? What about if only 10 people open up their wallets daily? I don't get how captchas will replace the pow/pos security
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Question: Those of us that bought IOTA on NXT AE, so we'll we receive the multiplied amount since it was increased?
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And they only want 10,000 btc for their ICO. At least with Node we got a failed coin at a bargain price.
Can't complain, we all made a little even though it failed. Silkk, if you still around: offer the community the source code for a price, I'm sure we can pull a fund to buy it. |
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Honestly, the price is bothering me. I will think about it. Maybe I put some in, maybe I dont.
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I don't understand how dev can be critical of NODE for being closed source and here we are back at square one  |
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So what papers has Ether's dev published and successfully been peer reviewed in the Mathematical fields to prove him a math genius?
Has he expanded on the math knowledge currently available?
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So I think I get the Mijin-NEM link.
NEM is like bitcoin to Mijin, Mijin is like an alt-coin that depends on the NEM blockchain, correct??
Mijin is a private fork of NEM, kind of the way a lot of altcoins are to bitcoin, but unlike many scam coins, it has a real purpose in the business world as it has been optimized to run on private networks. A Mijin chain and the NEM main chain don't interact in the same way Litecoin and Bitcoin don't interact. But unlike Litecoin and Bitcoin, both NEM and Mijin share the same awesome set of APIs. So DF running a Mijin chain is now introducing NEM technology to a software platform that services over 5,000 companies, some of them are Sony, Panasonic, and Mitsubishi among others. Does this mean that Sony will be making transactions on NEM? Not at all. Does it mean that they will even use Mijin as a part of their software suite? No, they might not even chose to turn that part of their software on. There are 0 promises here. But, what it does mean is that it is possible they might someday use Mijin as in theory that service can very well be offered to them in the future as a blockchain service built into their software. And once they are doing that and they have started using the Mijin APIs for some private services on Mijin, they are a very small step away from pointing those same APIs at the NEM main chain for different services. That choice will be completely up to them though and if they do, it won't be happening this spring or summer I guess. From a business point of view, for private companies wouldn't this mean reduced overhead? Now they wouldn't have to pay payment processors such as visa a fee for their services, instead they use their own private chain at a reduced price. I'm not sure if I'm assuming correctly. This is possible down the road, but initially financial transactions would likely be between Mijin users (i.e. transactions across companies, or within companies [between departments etc -- finance stuff]), but the potential far exceeds financial transfers. Blockchains are public ledgers, so can be leveraged for all kinds of things.. Imagine IT wants to keep track of where all of it's computers are located (building / floor / cubicle); a blockchain could be used to track these assets and their movement, with the benefit of a rock solid audit trail. Just a tiny example of a non-finance use, there are heaps more. A few cool things about Mijin mirroring Nem: 1. Mijin's success lends a LOT of credibility to NEM 2. It's very unlikely that business would readily adopt a public blockchain like Bitcoin - they're more likely to create their own alt and run it privately. This approach makes it much easier and more agreeable for businesses to adopt blockchain. 3. As mentioned above - Mijin and NEM use the same APIs -- so an open source blockchain explorer or mobile app madefor NEM could be used by businesses on Mijin and vice-versa.. This could be really cool if it picks up -- I can imagine a number of gits popping up as businesses and outside developers explore what they can do with the blockchain, which could be built upon by both Mijin or Nem community members. A mutually beneficial development framework. Thanks for the explanation, this should be formatted and made into a copypasta everytime someone wants clarification on how DF-Mijin-NEM are linked. |
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So I think I get the Mijin-NEM link.
NEM is like bitcoin to Mijin, Mijin is like an alt-coin that depends on the NEM blockchain, correct??
Mijin is a private fork of NEM, kind of the way a lot of altcoins are to bitcoin, but unlike many scam coins, it has a real purpose in the business world as it has been optimized to run on private networks. A Mijin chain and the NEM main chain don't interact in the same way Litecoin and Bitcoin don't interact. But unlike Litecoin and Bitcoin, both NEM and Mijin share the same awesome set of APIs. So DF running a Mijin chain is now introducing NEM technology to a software platform that services over 5,000 companies, some of them are Sony, Panasonic, and Mitsubishi among others. Does this mean that Sony will be making transactions on NEM? Not at all. Does it mean that they will even use Mijin as a part of their software suite? No, they might not even chose to turn that part of their software on. There are 0 promises here. But, what it does mean is that it is possible they might someday use Mijin as in theory that service can very well be offered to them in the future as a blockchain service built into their software. And once they are doing that and they have started using the Mijin APIs for some private services on Mijin, they are a very small step away from pointing those same APIs at the NEM main chain for different services. That choice will be completely up to them though and if they do, it won't be happening this spring or summer I guess. From a business point of view, for private companies wouldn't this mean reduced overhead? Now they wouldn't have to pay payment processors such as visa a fee for their services, instead they use their own private chain at a reduced price. I'm not sure if I'm assuming correctly. |
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So I think I get the Mijin-NEM link.
NEM is like bitcoin to Mijin, Mijin is like an alt-coin that depends on the NEM blockchain, correct??
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sorry, but my interest is gone here
distribution model is poor, looked interesting but not anymore.
my time is worth more than a few cents an hour.
good luck to everyone else, hope to see it on an exchange
I'm very glad this is turning off people with very short term interest. We don't need this attitude around here anyways. just one more thing, as interest is lost so is value. this is not something you should be celebrating, instead trying to find a fix remember: no interest = no value = altcoin graveyard good day  |
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sorry, but my interest is gone here
distribution model is poor, looked interesting but not anymore.
my time is worth more than a few cents an hour.
good luck to everyone else, hope to see it on an exchange
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less than 10 mrai per faucet request, you have to be joking right? just go back to the old way if you want this coin to be adopted in mass
That actually means there IS more interest, as more people are using the faucet. The "old" way did not allow for that many users and the faucet got depleted too quickly. The less mrai you are getting, the more demand and interest there is. Think of it like the "difficulty" in Bitcoin mining. At some point people give up. But what's nice here, is that you CAN get some Mrai no matter what, no matter how small. You can't do that with Bitcoin. big difference between BTC and mrai. BTC is true and tested, it has value. mrai is not widely tested yet and not even on exchange, value comes from trusting some stranger on this board that they are being honest with its current price. and since it is the devs manually distributing mrai, how do we know dev is not manipulating how much goes out and he is not claiming most of the mrai for himself, creating a scarcity in mrai market in order to dump his own bag once it is listed in exchanges dev should do ico or just go back to the original faucet Next Distribution will be Friday @ 14:30:00 GMT ( 7:30:00 AM PST ) We are still working on automating the calculation & payout processes, and it's going well! All of your successful solves will be counted until the next distribution listed above. Thanks. how about answering the statement directly instead of indirectly and curtailing the answer? starting to smell weird, something is not right here  |
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less than 10 mrai per faucet request, you have to be joking right? just go back to the old way if you want this coin to be adopted in mass
That actually means there IS more interest, as more people are using the faucet. The "old" way did not allow for that many users and the faucet got depleted too quickly. The less mrai you are getting, the more demand and interest there is. Think of it like the "difficulty" in Bitcoin mining. At some point people give up. But what's nice here, is that you CAN get some Mrai no matter what, no matter how small. You can't do that with Bitcoin. big difference between BTC and mrai. BTC is true and tested, it has value. mrai is not widely tested yet and not even on exchange, value comes from trusting some stranger on this board that they are being honest with its current price. and since it is the devs manually distributing mrai, how do we know dev is not manipulating how much goes out and he is not claiming most of the mrai for himself, creating a scarcity in mrai market in order to dump his own bag once it is listed in exchanges dev should do ico or just go back to the original faucet |
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less than 10 mrai per faucet request, you have to be joking right? just go back to the old way if you want this coin to be adopted in mass
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Just go back to the original way of distributing, let those early adopters get their share and reward. Only do 50% of all coins like this and then the rest do it normally like you wanted to or sell them, do whatever.
If you keep this up eventually the attention to the coin will fall and it will join the graveyard of the alts, just do it like it was originally intended to be.
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Quick idea: How about before ICO do exchange for old NODEs at smaller price, those of us that stuck with NODE are now backing EDON. A little appreciation for backing up node.js would be nice.
PS: Maybe look at old NODE thread and confirm those that stuck around until EDON showed up
I would love to offer a deal for Node owners, unfortunately, according to the agreement we have with bittrex, all the coins (pre-mine) will be transferred to them. This way they will control and distribute the coins, thus adding a guarantee for the bakers. We can roll the initial proposal we discussed. After the distribution, we'll create funds that will be intended to promote and diversificate the project. suggestions we can actually implement? I guess we'll have to wait until after the ICO, I just thought it would be good idea to do a quick swap for the ones that were supporting of your project when you appeared on NODE thread as a kind of "thanks" and also you more than anyone in this thread would be able to afford such a small reward. But if you decide not to, then that's fine also. It was just an idea. The only thing I think is that some of us saw the potential in a node.js coin ahead of everyone else but the guy that was supposed to be innovating just abandoned ship. These other coins coming out now just copied and pasted the idea, oh well. |
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The Lisk valuation of over $100 mil market cap is still holding strong
The problem with your account is you weren't active since December 23, 2014 and now this year you pop out of nowhere. Bloombit pops out of nowhere around ~ 2 months ago, creates artificial price, looks like it generated from eastern europe where a lot of scams in alt-coin world generate from. Looks like lisk has huge potential and some can see it, they doubted the ICO and now want in even if it takes creating artificial lows. It's possible to create fake API calls for coinmarketcap to pick up, everyone needs to realize this. My friend has generated over 1,500 retweets for Lisk on his twitter account over the past month but he has only like 1-2 posts on here. What a terribly retarded way to judge a persons contribution to the crypto world.  A lot of the guys with a lot of posts on here... most of their posts are just pure bullshit FUD and Hype. Wtf are you talking about, how you know the guys here don't hype other places. You must be fucking kidding! Yeah, everybody must start spamming coinmarketcap with de-list requests. It's obvious market manipulation. This has been happening for days! A quick look at the post history will give you the facts. If it is true then they should have kept a continuous steady stream of posts across bitcointalk, but that is not shown in post history. I am pointing out the obvious to those that were not around during the 2014 scams so they don't panic and hold lisk to higher value than what these manipulators are trying to do. Maybe you yourself didn't buy into ICO and now have high hopes of getting in at a low price on launch date, not need to be angry. Seems like the nail was hit on the head. Also manipulators and scammers tend to use a ton of emojis when replying back for some weird reason. |
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The Lisk valuation of over $100 mil market cap is still holding strong
The problem with your account is you weren't active since December 23, 2014 and now this year you pop out of nowhere. Bloombit pops out of nowhere around ~ 2 months ago, creates artificial price, looks like it generated from eastern europe where a lot of scams in alt-coin world generate from. Looks like lisk has huge potential and some can see it, they doubted the ICO and now want in even if it takes creating artificial lows. It's possible to create fake API calls for coinmarketcap to pick up, everyone needs to realize this. |
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From what I can assume, it looks like bloombit is artificially trying to keep the price of lisk low.
Coinmarketcap takes the average of exchanges and that's how it calculates the price.
By bloombit artificially selling it low, they can trick potential investors into thinking it will stay low and losing value.
A quick analyses will tell you that bloombit, if it actually had the lisk they claim, would want to sell higher in order to create profit (isn't that what a business attempts to do?). Instead they are creating an artificial low to most likely buy in low when it launches and create "panic dumps."
Suggestion is to ask coinmartketcap from de-listing the bloombit price since this exchange looks scammy to begin with.
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