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Hello, The exchange says that I cannot withdraw until 30/03/2019. Why?
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First of all, TELOS means the ultimate purpose of a thing. The Telos network is a new network based on a code-fork of the EOSIO software that also powers EOS. Telos will use a token distribution identical to the EOS genesis snapshot. One thing that will give Telos (TLOS) token value is the amount of distribution of the tokens. Everyone knows simple economics which is that the less of something that exists, the more value it has. Think of 1 ounce of gold versus 1 ounce of silver. The assumption is that Gold is in less supply that Silver. There has been lots of arguments that more Gold exists than Silver but that is a topic for another day. Anyway, the distribution of the EOS is one of the most concentrated of all Cryptocurrencies. Telos token distribution will be the most distributed because analysis was conducted by log transforming the EOS snapshot data, a common technique used by data scientists and statisticians to better analyze highly skewed data. Using this data, the Telos team came up with some important numbers. Below is a link to the distribution log for EOS. https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmZcmyJakoyBLt3Tz751BaibQLt7VFwApc7TaisnzsVe88/image.pngEOS has a circulating supply of about 996,691,000. About 1.6% of addresses own about 90% of the coins. During the blockchain launch happening sometime in September, 2018, all the genesis addresses will be capped at 40,000 (TLOS). This will diminish the amount of TLOS those 1.6% addresses will get. Capping it at 40,000 TLOS will reduce the circulating TLOS by about 865,000,000 TLOS. The amount of circulating tokens will be reduced from 996,691,000 EOS to 178,473249 TLOS tokens. Assuming another 78.6% (Fibonacci level) of 178,439,249 will be added back into the money supply due to tokens created for petitioning exchanges, the supply will rise to approximately 318,753,222. An additional 13,000,000 tokens will be created for the Telos Founders Reward Pool, Telos Community Rewards Pool, and Telos Foundation creating a total money supply of approximately 331,753,222 TLOS tokens about one-third of the EOS money supply. In conclusion, since the amount of TLOS tokens in supply will be one third that of EOS, this should give a lot of value to TLOS tokens. For more detailed information on the 40,000 TLOS cap per account at the snapshot, check out the links below https://medium.com/@teloslogical/why-the-40-000-token-cap-the-analysis-behind-the-cap-3dba9850d603Subscribe to me on YouTube. https://www.youtube.com/channel/UCaoILL2Xi3oAZak0daSi0RwFollow me on twitter. https://twitter.com/financfreedomcjFollow me on Medium. https://medium.com/@financialfreedomcjFollow me on Steemit. https://steemit.com/@financlfreedomcjJoin the Telos conversation and get more info! Telegram: https://t.me/HelloTelosTwitter: https://twitter.com/HelloTelosFacebook: https://www.facebook.com/TelosFoundation.ioYouTube: https://www.youtube.com/c/TheTelosNetworkReddit: https://www.reddit.com/r/TelosNetwork/
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As some others have pointed out, a "Ponzi scheme", by definition, requires initial monetary investment, which is then used to pay the first investors, so those entering last are burned. No initial investment, other than a little typing was required. If you're going to call DO a scam, at least be more accurate.
There hasn't been a mandatory upgrade of the wallet in quite a long time. You may still compile the code from GitHub and have a working wallet. Later, non-mandatory, upgrades to the wallet, after the introduction of DeepVault are closed to review, however if you do not wish to use that proprietary DeepVault, then, yes, the code is open source. I think I've used DeepVault once, not a feature I really need, so, if I wanted to simply stake or hold Onion, I could use the open source, if I cared to compile it myself, from GitHub.
I dislike misinformation being spread, and I would like to know if anything I've typed is factually inaccurate. Once I investigate your claim, I'll happily correct myself. Now, just for arguments sake, making statements like, "I feel DO is a scam...." is not something I'd even entertain, your feelings have nothing to do with it, neither do mine. What I want to know is, can you compile a functional wallet from open source for DeepOnion? Yes, you can. Therefore it is effectively open source. Was a monetary / fiat investment required to initially join the "modified airdrop"? No, there was not, I was here at the beginning. A minimum is required now, with, nine, I think, rounds left to go, so, break out your Funk and Wagnall's but that fails the definition of a "Ponzi scheme".
Closed versus open source and "Ponzi scheme" seem to be the arguments thrown around the most, and they appear invalid.
Seems like you made a valid point here. A Ponzi scheme doesn't require any monetary investment, it's a scheme whereby value is transferred to the creators of said scheme. When talking about ponzi's in crypto, it takes on a whole different meaning due to the natural creation process of crypto, being creating from mere code, essentially out of nothing, based only on trust. And to every person who's entering DeepOnion after their "17th airdrop" you've have entered into this ponzi scheme unknowingly (you have invested real money into it, or some serious hours of time), and you're actively marketing the coin to acquire more value to your investment, welcome to the free-coin-prymaid-scheme. The entire operation is Ingenious, and their marketing/community and coin all coupled together, is virtually unparalleled. But, the markets say otherwise, despite countless hours of marketing, the coin itself remains insignificant, with meager volumes and even a more meager mcap. This ultimately is the biggest tell in what people think about this coin. DeepOnion will not be the last coin to implement "The Onion scheme" in crypto, it's only the beginning. Consequences for these levels of corruption will be dealt down on the creators/team of DO, through government intervention or karma. There are countless stories to be told, by former individuals who've seen the insides of the entire process, and it isn't pretty. DO could of easily been one of the best coins to launch, but the morons behind the scene's lack all: vision, experience, knowledge and ultimately the ability to understand criticism/feedback. Does this resemble some process to you? Food for thought!!!
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It just troubles me that many people lost money in this project and probably very few people made money. I guess it's Crypto for you. Remember, when people are greedy, be very fearful and when people are fearful, that's when to be greedy.
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Hello, Why is a there a big sell off for CNX?
what about the site you are talking? I think its https://hitbtc.com/CNX-to-BTC I also seen there are a a lot of sell order. I think some one bought with low price and now placed sell order with a good price.so why there is a big sell order. I am really troubled about this project. There has been definitely tremendous growth which I have benefited from but It seems that there is a lot of censorship and the same answers keep being given when questions are asked especially about the airdrop. A big dump like what happened definitely worries me.
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Going by Callisto whitepaper, the supply is many billions so is huge so do not have high expectations from that.
TLDR: Two significant advantages of a large coin supply are improved price granularity and reduced psychological transaction costs relative to coins with a lower emission and/or higher value.I heard the same "supply is many billions so is huge so do not have high expectations" naysaying when Cardano was 300 sats. Instead of listening to the FUD, I listened to my FOMO and backed the truck up. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) More people need to understand the interplay of "round number bias" and the psychological costs (IE market friction induced by high cognitive load) of using high priced/low emission coins for small transactions. How Round Number Bias and Psychological Pricing Affect Your Gains and Spending
You may have partied like it was 1999, but the big celebration was in 2000. Your shopping cart is consistently full of products with prices ending in .99. Your last salary negotiation involved numbers rounded off to the nearest $5,000 or $10,000.
All of these examples arent coincidence it turns out that there is a round number bias in humans. Closely related to that, pricing strategies known as psychological pricing or charm pricing have evolved to exploit your penchant for round numbers.
Round Number Bias: Your Brain Likes the 0s
Humans have a round number bias. Its been passed onto us by socialization.
Think about it picking a Base-10 number system was an arbitrary choice. It was probably an anthropomorphic choice based on the number of fingers the average (fine, modal) human possesses.
However, something in our upbringing or a combination of numbers and an evolved trait means were just more comfortable with numbers ending with zero. A large community of people enjoy being able to be Dogecoin millionaires and how much more fun it is tipping each other many 1000s of Doge rather than an equivalent value expressed as a tiny portion of a Bitcoin or Dash. The objective value transferred is equivalent but the human psychology involved is nothing alike, because giving/receiving a 10,000 Doge tip is a subjectively more satisfying experience than using the equivalent 0.0001 Bitcoin or 0.001 Dash. These kinds of cognitive artifacts result from brain structures relating to the human mind's sense of numeracy and its subitization engine. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FDkYMdU6.png&t=665&c=vgJbBtDqFp613Q) Subitizing is the rapid, accurate, and confident judgments of numbers performed for small numbers of items. The term was coined in 1949 by E.L. Kaufman et al.,[1] and is derived from the Latin adjective subitus (meaning "sudden") and captures a feeling of immediately knowing how many items lie within the visual scene, when the number of items present falls within the subitizing range.[1] Number judgments for larger set-sizes are referred to either as estimating if insufficient time is available for observers to accurately count all the items present, or counting otherwise. The accuracy, speed, and confidence with which observers make judgments of the number of items are critically dependent on the number of elements to be enumerated. Judgments made for displays composed of around one to four items are rapid,[2] accurate[3] and confident.[4] However, as the number of items to be enumerated increases beyond this amount, judgments are made with decreasing accuracy and confidence.[1] In addition, response times rise in a dramatic fashion, with an extra 250350 ms added for each additional item within the display beyond about four.[5] The best work in this space has been done our revered Professor Szabo. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FbXlXOV5.png&t=665&c=041e6s9wgJ25Rg) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FeCtWmM4.png&t=665&c=vUA_ZR2Fw4TIzA) His conclusion is neatly summarized by one of our favorite Bitcoin memes: ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) One source of objection to high emission coins comes from reckoning using the metaphor of a publicly traded company's stock share structure. Stocks with a very high number of shares are considered diluted, usually due to having many rounds of share issuance to raise capital after several unprofitable quarters/years. The market sees stock buybacks and corresponding share issuance reduction as a sign of a strong company; investors like there to be fewer shares because the stock price may move up more easily due to reduced liquidity (recall that prices are set on the margin). This metaphor may be of some use when considering coins that actually behave with shared characteristics comparable to a publicly traded company's stock, where 1 coin and 1 share equal 1 vote, such as Decred and Cardano. But the metaphor breaks down when it's taken into account that the number of coins in a cryptocurrency's present/total emission is arbitrary. IE, a Bitcoin is just an arbitrary number of satoshis and the number of atomic units may be limited artificially or as a result of the fundamental capacity of the 64-bit memory address space. A coin's architect must make these design decisions despite the fact they are somewhat akin to picking magic numbers and after launch fairly 'set in stone' because of social contract considerations. The coin's architect is thus faced with picking these magic numbers based on what has/hasn't worked for previous coins and their own taste (IE intuition). The market then decides if the architect has good or bad taste in magic numbers (IE fundamental parameters). The market's decision doesn't happen in a vacuum and depends on if the coin's emission/nomenclature parameters are a good fit for its intended/actual use cases. Thus for Bitcoin, which is destined to become high-powered super money, a relatively low total emission of 21e6 is perfect. But for other coins, which naturally fulfill lessor/supporting roles as mere mediums of exchange, a far lower per-unit value is desirable as a way to leverage our visually oriented brains' (and resultant cultures') highly optimized, low cognitive load pathways for subitization and mental calculation. Good post!
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As some others have pointed out, a "Ponzi scheme", by definition, requires initial monetary investment, which is then used to pay the first investors, so those entering last are burned. No initial investment, other than a little typing was required. If you're going to call DO a scam, at least be more accurate.
There hasn't been a mandatory upgrade of the wallet in quite a long time. You may still compile the code from GitHub and have a working wallet. Later, non-mandatory, upgrades to the wallet, after the introduction of DeepVault are closed to review, however if you do not wish to use that proprietary DeepVault, then, yes, the code is open source. I think I've used DeepVault once, not a feature I really need, so, if I wanted to simply stake or hold Onion, I could use the open source, if I cared to compile it myself, from GitHub.
I dislike misinformation being spread, and I would like to know if anything I've typed is factually inaccurate. Once I investigate your claim, I'll happily correct myself. Now, just for arguments sake, making statements like, "I feel DO is a scam...." is not something I'd even entertain, your feelings have nothing to do with it, neither do mine. What I want to know is, can you compile a functional wallet from open source for DeepOnion? Yes, you can. Therefore it is effectively open source. Was a monetary / fiat investment required to initially join the "modified airdrop"? No, there was not, I was here at the beginning. A minimum is required now, with, nine, I think, rounds left to go, so, break out your Funk and Wagnall's but that fails the definition of a "Ponzi scheme".
Closed versus open source and "Ponzi scheme" seem to be the arguments thrown around the most, and they appear invalid.
Seems like you made a valid point here.
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Hello, Nano went up rapidly but it seems like the price is dropping. Is there any news that caused this rapid rise and drop or just speculation?
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I would highly contact professional advice on this matter to avoid any confusion & possible incarceration.
For those living in the US... this is extremely important.
When it comes to your freedom no financial amount is worth it!
Totally agree with you!! It would be a great idea for a 1099 or taxes to be deducted automatically so a person does not have to figure that out themselves just because with vague tax laws the government can come at you with anything they want but if it is not defined. There are no loop holes to use to come after little guys. I believe that with no clear directions, they are trying to scare little people from getting involved in Crypto for fear of coming after them. If a person has made a lot of money in Crypto, I don't see the big deal in paying some taxes on it. People will use the excuse of taxes and the government not to make money. Doesn't make sense to me!
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Hello, Why is a there a big sell off for CNX?
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I believe that the price will drop after the airdrop but not by much because ETC is still a good coin.
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All forks, copyies and stealing coin names must be stopped in crypto world. Even experienced people already don't understand what happening:) this is no good in this -too many coins and tokens.
Since it is open source, you will not call it necessarily call it stealing. I am a true believer in freemarket. This was the original vision of Satoshi. I think that although people are using forks as a cash grab, I believe that it will keep the main coins on their toes so that the devs can keep working on their technology. As the saying goes, necessity is the mother of invention. As long as these main coins don't see any necessity to innovate, they will not. Eventually, the market will weed out the true coins from fake ones.
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This is a mega bullshit! I'm trading on HitBTC, BTX volume per day 5-10 BTC. People are hodling their coins more than they are trading because of the airdrops. That's why the volume is not as much yet in most exchanges. I believe that after the airdrops, the true volume will be revealed.
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Hello, I have been watching the coin and the growth has been impressive. I bought about 50 when it was about $2 and left it on an exchange. I recently found out that it can be staked. I transferred them to a wallet and it is staking. Now it says that my weight is 105, the network weight is 6908937 and the expected time to earn the reward is 45 days. It has been about about 2 days since it started staking. Is there some kind of manual to explain the numbers above or can you explain it? I am always looking to reshuffle my portfolio I need to understand how the staking works; what amount can be expected and what time frame when the reward is expected. I also have people that look up to me to let them know what I am involved in. I know that platforms like smartcash has a very good explanation on when to expect the rewards and an estimate on what can be received. Is there something like this on CNX?
The reward size and frequency depend on the 2 factors: 1. The amount on the balance; 2. The time your wallet is online. The reward weight is not constant. Hello, There has to be a better way to estimate this amount than it being vague if you guys really want people to invest in the platform because the more that there are staked coins, the better it is for the value since there will not be a lot of coins in circulation. Just saying! I will be holding off on acquiring more so I can see what the amount I have staked generates.
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I think it will be great to pay taxes if exchanges can give 1099 or a document that shows what you need to pay. Now it is complex trying to determine your cost basis when you trade a lot. We will see how this plays out this after the rise of Cryptos last year!
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Hello, I have been watching the coin and the growth has been impressive. I bought about 50 when it was about $2 and left it on an exchange. I recently found out that it can be staked. I transferred them to a wallet and it is staking. Now it says that my weight is 105, the network weight is 6908937 and the expected time to earn the reward is 45 days. It has been about about 2 days since it started staking. Is there some kind of manual to explain the numbers above or can you explain it? I am always looking to reshuffle my portfolio I need to understand how the staking works; what amount can be expected and what time frame when the reward is expected. I also have people that look up to me to let them know what I am involved in. I know that platforms like smartcash has a very good explanation on when to expect the rewards and an estimate on what can be received. Is there something like this on CNX?
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What will happen to the price after the Callisto airdrop?
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Helloe, Is there a date for this hard fork?
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Hello, I just discovered this project. Is it real or fake?
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Hello, I am new to Bitcore. What is this Avatar campaign and how can one get involved? Thanks.
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