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481  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ๑۩۞[ANN][ ₭ARM] Karma & Karmashares LLC // New Windows Wallet on: May 08, 2014, 11:47:02 PM
Ahh I feel better now. Watching this 20x in a row never fails to help:
https://www.youtube.com/watch?v=KaOC9danxNo&feature=inp-tw-paq-3877
482  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Unobtanium Info & Discussion on: May 08, 2014, 11:38:41 PM
483  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ๑۩۞[ANN][ ₭ARM] Karma & Karmashares LLC // New Windows Wallet on: May 08, 2014, 10:06:10 PM
Good news! The Lill beta is ready.

Am looking forward give I stay location. future advertising own sales site.
Beta already, what kind of wizardry is this?  Shocked


That wizardry is called dedication and a lot of skillz Wink
No I refuse to believe that. It must be magic. There are dragons involved, I know it. And frogs. Lots of frogs. Do you eat frogs? Are you french? No that was delasomethingsomething... uh I gotta take my meds. BRB
484  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ๑۩۞[ANN][ ₭ARM] Karma & Karmashares LLC // New Windows Wallet on: May 08, 2014, 09:15:40 PM
Good news! The Lill beta is ready.

Am looking forward give I stay location. future advertising own sales site.
Beta already, what kind of wizardry is this?  Shocked
485  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Unobtanium Info & Discussion on: May 08, 2014, 01:59:54 PM
I sense a storm coming.

u feel it in ur bones?

 Wink
Nah it was just gas...  Tongue

Damn I wish I had some BTC to spare right now. Want to buy cheap UNO but can't, grrrr....
486  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ๑۩۞[ANN][ ₭ARM] Karma & Karmashares LLC // New Windows Wallet on: May 08, 2014, 10:23:42 AM
Could be interesting to watch how SAT fares in their PoS transition. I believe no coin has made that switch yet from a completely PoW to a PoS coin (they're also cutting their coin sully from 15M to 7.7M)? Certainly not a trivial thing to do. Even several PoW/PoS hybrid coins had serious issues in the last weeks and all they had to do was clone BC sourcecode (apparently some didn't and would up making stupid coding errors).

DMD is a PoW/PoS hybrid that got a huge boost out of the recently announced changes to their coin.
SAT profited from the PoS announcements alone (they were at 1-2 sat before first PoS rumors hit, taking them to a high of 15 sat and now hovering at around 5 sat with occasional dips/spikes).
ECC on the other hand didn't profit from the (always planned) switch at all so far, their market situation actually reminds me of the last weeks of the KARM/BTC market on Mintpal. HUGE sell walls that create a downward spiral for ECC value.

I am pretty certain that a move to PoS would move Karma's price up temporarily, maybe another short 3-4x increase followed by a decline back to 1.5x today's level. Long term I believe it will have absolutely zero effect. What kosmost and the team are creating for Karma is 100x more important for the future value of the coin. The major PoS benefit (long-term) might be network protection from incoming Scrypt ASICs. Then again an algo-change would have the same effect. No idea if that'd be any easier to implement though. I kinda understand why the team hesitates to come to a final decision.

In about 47 days or so our rewards will drop to 35,000 per block. In your opinion, do you think it's enough for scrypt ASICs to point to Karma? They do need as much profit as possible to pay for their new rigs, right? What are some other profitable coins they would prefer over Karma, do you think?
Hard to predict, it depends on so many factors. What will Karma's value be in a month, what will difficulty and net hashrate be? If things stay about the same as they are today, then Karma is IMO in real danger from ASICs. As many smaller scrypt coins will be.

I warned about this before, one or two of these 2nd gen ASICs will be enough to take control over any smaller coin network. There will be a period where a few early adopters, who spent lots of money on these rigs, will weild an enormous amount of power. We will see 51% attacks, we will see double spending attacks, we will see all kinds of stuff. Karma might get lucky and go through this transition untouched. But I do not like depending on luck. Do you?
487  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Unobtanium Info & Discussion on: May 07, 2014, 10:50:50 PM
I sense a storm coming.
488  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Unobtanium Info & Discussion on: May 07, 2014, 10:45:18 PM
I never put buys that low because I feel like people aren't that stupid.  Then I repeatedly remember that yes, in fact, alt coin investors ARE that stupid, when it happens again and again.  Like that guy, he could have moved the some of the UNO to other exchanges and got way more.  Or if you're really lazy, just move half to cryptsy and bam -  at least another btc out of the dump.  But he couldn't be bothered.  It's amazing to me. 

The other day someone on Polo dumped white coin down to 1 sat.  And not just dumped down to 1 sat, but actually sold 60k WC at 1 sat.  This wasn't just a problem with the graph either, I saw it in the order history.  Whoever had that 1sat order got the deal of the century. 
Like you I never have my oders that low. I used to, but never caught a dump and stopped. Maybe I need to rethink that decision. I got some fairly cheap UNO on Cryptsy and Mintpal in the .0045 to .0046 area. Happy about that!

That WC deal is awesome for those that caught the dump, ~700x gain lol...
489  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ๑۩۞[ANN][ ₭ARM] Karma & Karmashares LLC // New Windows Wallet on: May 07, 2014, 10:37:04 PM
Could be interesting to watch how SAT fares in their PoS transition. I believe no coin has made that switch yet from a completely PoW to a PoS coin (they're also cutting their coin sully from 15M to 7.7M)? Certainly not a trivial thing to do. Even several PoW/PoS hybrid coins had serious issues in the last weeks and all they had to do was clone BC sourcecode (apparently some didn't and would up making stupid coding errors).

DMD is a PoW/PoS hybrid that got a huge boost out of the recently announced changes to their coin.
SAT profited from the PoS announcements alone (they were at 1-2 sat before first PoS rumors hit, taking them to a high of 15 sat and now hovering at around 5 sat with occasional dips/spikes).
ECC on the other hand didn't profit from the (always planned) switch at all so far, their market situation actually reminds me of the last weeks of the KARM/BTC market on Mintpal. HUGE sell walls that create a downward spiral for ECC value.

I am pretty certain that a move to PoS would move Karma's price up temporarily, maybe another short 3-4x increase followed by a decline back to 1.5x today's level. Long term I believe it will have absolutely zero effect. What kosmost and the team are creating for Karma is 100x more important for the future value of the coin. The major PoS benefit (long-term) might be network protection from incoming Scrypt ASICs. Then again an algo-change would have the same effect. No idea if that'd be any easier to implement though. I kinda understand why the team hesitates to come to a final decision.
490  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Unobtanium Info & Discussion on: May 06, 2014, 01:11:48 PM
Just found this, might carry some relevance regarding the silver "backing" idea?

http://www.theverge.com/2014/5/6/5685660/do-not-buy-this-gold-backed-bitcoin-minacoin
491  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Unobtanium Info & Discussion on: May 06, 2014, 09:39:45 AM
This night deserves a headline:
"Angry UNO traders fed up with manipulative bot, push price up by 40%"

Price is already settling down again, without increased publicity for the coin no rise will be sustainable I'm afraid.
492  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ๑۩۞[ANN][ ₭ARM] Karma & Karmashares LLC // New Windows Wallet on: May 05, 2014, 11:40:24 PM
At least ZET certainly doesn't spend time sabotaging other coins, they're too busy sabotaging themselves and their supporters right now. That is one weird freakshow to watch... jeez.

I don't know who might have an interest in bringing Karma price down, I doubt its another coin community and maybe it isn't even on purpose. At current difficulty and price Karma is pretty profitable to mine again. Maybe one of the 2,851 different multipools out there has our coin in its rotation again and just dumps a bag or two every day.

Its a temporary phenomenon. This is a pit stop for Karma. Refuel and grab a drink, the voyage will continue in due time...
493  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ๑۩۞[ANN][ ₭ARM] Karma & Karmashares LLC // New Windows Wallet on: May 05, 2014, 09:05:35 PM
Volatility is a problem of every cryptocurrency (a problem for pretty much everything BUT trading). As can be seen from the Karmamarket over the past weeks, the value of coins fluctuates wildly (Karma's relatively short LTC history went from 21 ->34 -> 9 ->16 -> 10 -> 71 -> 31 -> 52 -> 40). How do we establish a more stable price? Well we can't really limit the top, but we can try to establish a floor. That's also what people are most afraid of, their coins loosing value. I rarely hear complaints when a coin is going up. Wink

I've been working on an idea and wanted to get some feedback. I don't know wether I'm onto something, or completely missing the mark here. The idea is simple enough and not all that original, but I believe it is especially well suited for Karma. I am proposing the "Karmawall".

Karmawall is two things:
#1 a website similar to the million dollar homepage. It provides a virtual canvas, or wall, on which people can buy banner space to be displayed on a pixel by pixel basis. The banner could be anything: an ad for a crypto- or Karma-related business, a funny gif, a link to your homepage, greetings from/to other friendly coins, a message for a loved one - and so on. There would be some moderation, so no abusive, mean or illegal content gets added. I want this to fit into the coins "doing good" theme.
#2 once the pixels are bought, either with Karma or with BTC, the BTC earned will be put up as a buywall on the two main exchanges, at a level to be decided upon by the community (my guts tell me ~15-20% below market price could be a good start). I would not want to use this wall to pump the value of Karma, but the wall can be moved as market conditions change or if the community votes to move the wall.

Okay that's the BTC part, any coin can do that, right? How will the Karma puchases help? Well that's the best part IMO, where Karmashares come into play. Every Karma earned, either through selling pixels or by being bought by the buywall, will be exchanged for Karmashares. This has 2 effects:
1. The coins will be out of the market for good (not to be dumped again) and
2. the shares will (in the future) earn Karmawall a steady stream of BTC to further increase the buywall.

It will take a while to really get going this way, but once the Karmashares start generating revenue it should create constant buy-support for Karma and help to stabilize or even slowly raise price. Sort of like a multipool but instead of mining other coins it generates value from a simple little business idea, multiplied with economic factors tied to Karmashares' for-profit activities. Should the community at some point decide it doesn't want or need Karmawall anymore, the Karmashares could be handed over to the non-profit Karmafund for "doing good".

So this is my idea in a nutshell. Karma is in a unique position due to PoC and Karmashares, without this I doubt the idea would be half as attractive. That's why I'm posting it here, because I believe it can't be copied efficiently by any coin without adopting a PoC model. If enough people like the idea I would go ahead and start implementing it. I might need some help though in the later stages.

I haven't worked out any details yet, but the plan is that all earnings will be re-invested into Karma (if I take fees then no more than 1% and that only for BTC payments, 0% for Karma). Since I hold plenty of Karma contributing to hold/raise its value is all that I want to accomplish. As for establishing trust, I'd be willing to provide kosmost with my credentials before the service lanuches, so you'd be certain I am not a scammer.

So here it is. Feel free to poke holes in my idea. Any feedback is appreciated.

i have been with this coins from the start. this is not a bad idea but it requires people to interact. Out of these time that have been trying to push for this coins it has been a learning lesson when i saw a lot of people express excitement to the coins future but never actually do something to help it. that is why i suggest to anyone "take maners in your own hand"

the pixel wall is not a new concept. There was an coin that actually was lunch solely for that purpose. it didn't bode well. Pxlcoin
.https://bitcointalk.org/index.php?topic=418088.0   with the "pxlWall" here http://www.pxlcoin.com/  

You're more then welcome to give it a shot. try to figure out where that coin failed and improve it
Yeah well I did say the idea is not terribly original. I didn't know there even was a coin dedicated to it though, lol!

The coin seems to have failed on many levels, the dev abandoning it certainly didn't help. I guess the main difficulty would not be building the service, but actually getting the word out and make it well enough known and visited for people to get to buy into it. That is by far the part I'm most sceptical about too, no doubt.
494  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ๑۩۞[ANN][ ₭ARM] Karma & Karmashares LLC // New Windows Wallet on: May 05, 2014, 08:58:53 PM
#2 once the pixels are bought, either with Karma or with BTC, the BTC earned will be put up as a buywall on the two main exchanges, at a level to be decided upon by the community (my guts tell me ~15-20% below market price could be a good start). I would not want to use this wall to pump the value of Karma, but the wall can be moved as market conditions change or if the community votes to move the wall.

So here it is. Feel free to poke holes in my idea. Any feedback is appreciated.

it sounds like you are attempting to create an investment vehicle who's sole purpose is to manipulate the price. this is effectively what KarmaShares would be if it did nothing other than hold coins until it was a better time to sell them again.

in both cases that would be dangerous for the people running the operation because they are operating in a legal grey area and could potentially be shutdown by authorities or sued into submission by anyone who lost money under the scheme.

please feel free to read up on Libor and Forex rigging to see how dangerous these ideas can be when shared with "friends"

http://www.businessspectator.com.au/news/2014/4/1/currency/banks-sued-alleged-forex-rigging

the way in which KarmaShares is different to the idea of simply "hold the coins to manipulate the price" is that it is using those funds.. (or should be) to create products which should in theory generate some kind of revenue and broader market acceptance thus creating "real" value for the Karmashares investors and anyone else who uses Karma

I know there is a mentality amongst some of the Crypto community that if Banks can do it then it must be ok for us small time traders to also do it.
but the simple fact is that banks have very deep pockets and very powerful friends.. so if they get into legal trouble, they can fight their way out of it.
I would wager that if any of us got into the same trouble.. we simply would not have the money and/or expertise to fight our way out of the legal quagmire.
The law is structured in a way that Corporations can get away with fraud on a massive scale and simply buy their way out of it through "fines" but individuals can't. Individuals can go to jail for the same kinds of crimes that many corporations can simply buy their way out of.

and that is why we "smalfry" enthusiasts have to keep our noses cleaner than the banks...

yes the current fractional reserve / fiat based system is flawed and rigged.. that is why almost everyone who is in crypto is here, because we believe in a more level financial playing field (well at least I do)...

but you cant win a war against a corrupt regime by being just as corrupt.. especially when they have all the power and you don't.

just to be clear about what I am saying... its not wrong to Hold your own coins (as an individual) until its a good time to sell them.. or even trade or put your own buy and sell walls up to suit your own personal trading strategy, (all of that stuff happens inside your head so there is no way to prove why you sold and bought the way you did) but when you collude with other people to do it then you open yourself up (and everyone else involved) to to some very serious legal ramifications.

just remember that when you do anything to manipulate the price to benefit yourself... someone else loses money...
however if you create real value for Karma then everyone wins.
also remember that while you are a small fry, most authorities wont even bother investigating you but, if and when you make it big.. that is when they come for you.


I say if you really want to improve the value of Karma.. just create your own website with some really awesome content that accepts Karma for advertising. that way people who want to advertise on your really awesome website have to BUY bucket loads of karma in order to do it and that would naturally put upward pressure on the price.

I'm building my own software and hope to be accepting Karma and other coins (the ones I believe in) as payment to license it. there really is nothing stopping people from making software and using the Karma (or any other coin) block-chain to validate and store license keys.

places like Steam/Gamersgate and crypto coins are a natural fit for this kind of software licensing model.. when one of those big boys starts accepting crypto that's when the price of bitcoin and alt coins will skyrocket.
Thanks for your thoughts, I really appreciate it even though its kinda putting nails in the coffin. Wink
I don't want to get involved in a fiat system debate so I'm skipping that part.

I don't think the idea I described can be called an investment vehicle. It'd be a website that sells a service (host image/link on frontpage) and takes payment in cryptos for that. That's hardly an "investment" but rather a "purchase".

What happens in step #2 is what you have the biggest problem with. So basically you're saying that by trying to be transparent about what I intend to do with "my earnings" (reinvest in Karma/Karmashares, use it to buy more), I'm doing something illegal. Involving the community or even considering a voting is probably the wort part then? Day I was doing the same thing and not tell anybody about it openly, then it'd be okay? Hmmm...

Just to clarify my intentions, I didn't really see or intend it as price manipulation tool (as I said the goal is not to "pump" Karma) but more as a safety net. The wall would never be used to move price up, it'd just be there to prevent against/soften the impact of big dumps of coins. Should the wall ever grow to noticable size it might drive price up a little as big buywalls tend to do, but I'm honestly not seeing that happen anytime soon, if at all.

You keep comparing crypto trading to Forex, I am unsure of the legal situation right now, is there anything that I can read up on in this regard? Something that clarifies the situation? Everything I've heard is that regulation currently and in the foreseeable future is only relevant for Fiat/Crypto exchanges.
495  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Unobtanium Info & Discussion on: May 05, 2014, 07:27:58 PM
I am!   I have an order in for 200 UNO at .0048 right now on MintPal, on my way to adding 500 uno to my wallet. Come sell to me!

Why MintPal? We need more coins there, and more traders.
My guess is you'll need another pump'n'dump to get the majority of that order filled. Or some really bad news to scare a big holder into panic selling. I'll help you:
"OMG I heard Wolong is about to dump his 80k UNO and drop price to 100 satoshis soon, panic sell now!!11!1!1 Will post pastebin later as soon as I made it u... errr I mean exctracted it from my totally legit IRC logs."
j/k of course, do NOT sell.
Looks like someone took the bait, thank me later! Wink
Wish I could join, but the past days were kinda bad for me, no trading profits to spend on UNO. Much loss, such sad, wow.
496  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ๑۩۞[ANN][ ₭ARM] Karma & Karmashares LLC // New Windows Wallet on: May 05, 2014, 02:45:02 PM
Volatility is a problem of every cryptocurrency (a problem for pretty much everything BUT trading). As can be seen from the Karmamarket over the past weeks, the value of coins fluctuates wildly (Karma's relatively short LTC history went from 21 ->34 -> 9 ->16 -> 10 -> 71 -> 31 -> 52 -> 40). How do we establish a more stable price? Well we can't really limit the top, but we can try to establish a floor. That's also what people are most afraid of, their coins loosing value. I rarely hear complaints when a coin is going up. Wink

I've been working on an idea and wanted to get some feedback. I don't know wether I'm onto something, or completely missing the mark here. The idea is simple enough and not all that original, but I believe it is especially well suited for Karma. I am proposing the "Karmawall".

Karmawall is two things:
#1 a website similar to the million dollar homepage. It provides a virtual canvas, or wall, on which people can buy banner space to be displayed on a pixel by pixel basis. The banner could be anything: an ad for a crypto- or Karma-related business, a funny gif, a link to your homepage, greetings from/to other friendly coins, a message for a loved one - and so on. There would be some moderation, so no abusive, mean or illegal content gets added. I want this to fit into the coins "doing good" theme.
#2 once the pixels are bought, either with Karma or with BTC, the BTC earned will be put up as a buywall on the two main exchanges, at a level to be decided upon by the community (my guts tell me ~15-20% below market price could be a good start). I would not want to use this wall to pump the value of Karma, but the wall can be moved as market conditions change or if the community votes to move the wall.

Okay that's the BTC part, any coin can do that, right? How will the Karma puchases help? Well that's the best part IMO, where Karmashares come into play. Every Karma earned, either through selling pixels or by being bought by the buywall, will be exchanged for Karmashares. This has 2 effects:
1. The coins will be out of the market for good (not to be dumped again) and
2. the shares will (in the future) earn Karmawall a steady stream of BTC to further increase the buywall.

It will take a while to really get going this way, but once the Karmashares start generating revenue it should create constant buy-support for Karma and help to stabilize or even slowly raise price. Sort of like a multipool but instead of mining other coins it generates value from a simple little business idea, multiplied with economic factors tied to Karmashares' for-profit activities. Should the community at some point decide it doesn't want or need Karmawall anymore, the Karmashares could be handed over to the non-profit Karmafund for "doing good".

So this is my idea in a nutshell. Karma is in a unique position due to PoC and Karmashares, without this I doubt the idea would be half as attractive. That's why I'm posting it here, because I believe it can't be copied efficiently by any coin without adopting a PoC model. If enough people like the idea I would go ahead and start implementing it. I might need some help though in the later stages.

I haven't worked out any details yet, but the plan is that all earnings will be re-invested into Karma (if I take fees then no more than 1% and that only for BTC payments, 0% for Karma). Since I hold plenty of Karma contributing to hold/raise its value is all that I want to accomplish. As for establishing trust, I'd be willing to provide kosmost with my credentials before the service lanuches, so you'd be certain I am not a scammer.

So here it is. Feel free to poke holes in my idea. Any feedback is appreciated.
497  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Unobtanium Info & Discussion on: May 05, 2014, 11:55:47 AM
I am!   I have an order in for 200 UNO at .0048 right now on MintPal, on my way to adding 500 uno to my wallet. Come sell to me!

Why MintPal? We need more coins there, and more traders.
My guess is you'll need another pump'n'dump to get the majority of that order filled. Or some really bad news to scare a big holder into panic selling. I'll help you:
"OMG I heard Wolong is about to dump his 80k UNO and drop price to 100 satoshis soon, panic sell now!!11!1!1 Will post pastebin later as soon as I made it u... errr I mean exctracted it from my totally legit IRC logs."
j/k of course, do NOT sell.

@voluntarist500
concerning your survey:
guess on next 3-months high: .0076
guess on next 3-months low: .0043
guess on next 3-months average: .0059
on 1st of august this year the price for uno will be: .0061
I don't think a big jump is coming anytime soon. We'll see a big buy or two, followed by another dip and then a slow rise as more and more people realize the supply of UNO is drying up. Big gains might come in fall, right in time to fund some christmas presents. Of course that is all based on carefull TA of market trends, not some made up wishful thinking. Cheesy

@bigtimespaghetti & @whathewhat
I like the idea, but how do physical coins work? I have never seen/used one yet. Is there a private key engraved on them or something?


NOTE: DRK is close to match UNO's value per coin. Only there's LOTS more of them and there's evidence of a significant instamine in the blockchain (article linked here a few pages back). Proof people will buy anything if it is marketed right and some big players get behind it...
498  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Unobtanium Info & Discussion on: May 05, 2014, 09:44:47 AM
@Philogius:
you are basically right with what you are saying. An unanonymous team stregthens confidence in a coin, true thing. (then again 'Satoshi')
A coin is on the other hand an open source protocol. Uno will maybe exist long after everyone of us died.
Another hypothetical example: you can choose between a coin with unanonymous team and bad technicals or a coin with anon team and brilliant technicals - which would you choose?
It is right though that a team of dedicated people who stick their heads up for uno would not hurt us (although it could if it were the wrong people - think Karpeles).
We could turn this issue back and forth a long time in discussion. There are many sides to that.
Right now i see we have a very active community, the coin was not premined and is very well distributed compared to other coins as the richlist shows, we have a very low inflation and use sha256 perfect for asics. So the technicals for investing into this coin are really, really good. This community-takeover could turn out to be one of the best ones in retrospective. What i am saying: the fundamentals are in our favour.
Having an unanonymous team of the right, dedicated people would be a nice thing to have but i wouldn't consider it to be a fundamental for a coin. More like a bonus. I would compare it to a nice logo. A nice logo is always a 'plus' but in the end of the day it is just decoration for the open source code and its decentralized network.
That's the way i look at coins. Everybody got different views.
Of course it would be good for the confidence in the coin to get transparent people to the front. Even better if those people have a good reputation. I will not say 'no' when those people show up.
Myself like his anonymity but also like helping uno as much as possible right now. I think it is not so important how my name is but more important what i can do for the project.
I think as time goes by everything will just work out very good for uno. Let's keep looking for reputable persons that want to back up uno with their names, i agree. Let's not rush though on that matter. It is important to have reputable and trustworthy people.
+1
I am more than happy to have Soopy onboard now and would be totally confident if he were to remain our sole developer for the foreseeable future: non_anonymity !== 'quality'.

The one public figure I see that would be a natural fit for UNO is BryceWeiner. He's been brought up before by others. His tweets played a role in making me take a closer look at the coin and turned me from someone holding ~70 UNO speculatively, to holding ... one or two more long term. Wink

Thing is he's obviously super busy right now and involved in like a dozen projects through Blocktech. So I can't imagine he'd be willing or able to act as an additional "full" dev. If he'd be willing to get involved though, my "suggestion" would be for him to act as a sort of advisor/representative. He could weigh in on discussions, give suggestions, maybe review/test the code before a new release and give UNO a mention or two on twitter (or maybe on stage at conventions, hehe). Of course we'd need to ask him and he might very well say no. Worth a try I guess...
 
@voluntarist500 I think the idea of backing a minimum value for UNO with silver is brilliant. I hope you can make that project work. It might be a great "feature" to have to boost UNO's profile...
i am glad you are seeing how it was intended by me. I just found out i may not even have to declare it as buisiness since it is a) private hoppy b) risky speculation and c) no fiat involved. Speculation is no buisiness. in my country. I can not deduct losses from anything. I only need to declare taxes on the gains. It really is a speculative exchange of goods/assets and is not risk free - no gains are realized with the exchange as neither uno nor metal is legal tender. Taxable capitalgains happen when i exchange for fiat. It could possibly be handled like a crypto2crypto exchange if you look at it in the right way. I am basically putting up a constantly standing (low) buyorder for uno - that is what it really is. It is not a webshop, it is a standing order. I just buy uno with a public standing buyorder much like a googledoc here in the forum in that sense. If ever questions would arise concerning legality we could also have it as a googledoc in the forum and everybody could put up orders. You only need reliable escrow there.  
 So it could be easy to set up. I also think the service(buyoffer) will not be used heavily so i expect a fairly small real turnover. It should probably work out. That service/buyoffer can serve as a first example and could be copied and improved by others to achieve having it decentralized with having the offer mirrored by other people. In that sense seperate different websites are probably better than a centralized googledoc. Then again you could have several orderbooks on docs in different places.
The outcome is roughly the same: uno is backed with physical metal. That could be a buzz and after a while it wouldn't even matter if i would terminate my offer on the seperate webpage since others would have similar offers up and uno would still be backed in the same way. 'Decentralized private metal beacking through members of the community' - oh boy, to the moon! Uno as the first crypto that can not go to zero. Of course i'll keep working on it. Very likely will become a reality. Profile boost for uno for sure.

So we have two ideas now: a backing through a large lowball buyorder that is promised to be kept up at all times and could be copied to decentralize it (original idea)
second idea: establish an uno2metal free market on public orderbooks in several places on the web (using googledocs or something similar) where everybody could put up orders (new idea)
if the original idea was ever forbidden the two could be merged into one.
Very easy to make real in fact. We only need good escrow for the free market. Also the free market has quite a few attack-vectors for scammers but that could be handled by only letting accredited people buy uno for silver on those books.
Probably too much info in one package to swallow for most. One step at the time Wink

I have no clue about trading metals or the laws involved and I imagine they're different in every country. If I had silver I'd join in and help, the way it is it will have to be enough to stand by and cheer for you guys. Make it happen and keep us updated. Smiley
499  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ๑۩۞[ANN][ ₭ARM] Karma & Karmashares LLC // New Windows Wallet on: May 04, 2014, 11:42:37 PM
Really like those mockups, looking good kosmost.

Markets are quiet today. Not much going on. Converted some MYR profits to LTC, might buy some more KARM today.


Thanks, but most probably don't believe in the concept until they see it for themselves

or even think that krazy kosmost can have a beta ready in 4 weeks Smiley

4 weeks is very ambitious, looking forward to it. My advice, though I'm pretty sure by now you don't need it, would be to keep it simple and really focus on the basics. Stability, good usabilty and easy to understand and use core functionality are really more important IMO than a boatload of features. Nail search first, then Karma integration - then roll out the Google-killer later... Wink

Any news on the coin adjustments/changes?

You mean with PoS?
Yeah that, or any coin/code news really. Back before Karmashares I remember you saying the announcment would follow shortly, but now its been two weeks. Just getting anxious to learn what Karmateam has brewing for us I guess...

500  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Unobtanium Info & Discussion on: May 04, 2014, 09:34:51 PM
I agree UNO may have a image/trust problem. Wolong abused the coin, basically took away the devs and slowly but surely things have been falling apart since then (no block explorer, out of date website etc.). Luckily some of the most pressing issues have already been addressed, but the basic problem remains.

Trust cannot be created out of thin air. As a community we (esp. thanks to FallingKnife and Soopy) have made more progress with UNO in 2 weeks than we have seen in several months before. I cannot stress enough how much I appreciate that. Sure, it should only be the beginning, but lets not get ahead of ourselves.

First we need to repair the damage Wolong has done to this coin. Meaning we should start to rebuild some kind of official team and give the future of this coin some structure. I think it is safe to say now that none of the previous devs has the intention to step in and actively support UNO anymore.

So here are some issues I think (disclaimer: I have no clue and you are free to disagree with any or all of my points Wink) need to be tackled:
  • We need declare a new official team
  • That includes positions like a team leader, lead dev, supporting dev(s), webdev(s), community manager(s), marketing etc.
  • We need access to the website to bring it up to date at any time
  • We need to figure out a way to help pay for expenses and maybe offer bounties for services/apps in the future (maybe community managed donations, or a foundation of some kind)
  • The team needs to define a future vision for the coin (that might very well be "UNO is already great, we will change nothing except fix issues as they come up", but we need a plan)
  • We need to think of ways to market UNO better, right now its basically a "connaiseur's" coin


None of this needs to happen TODAY, but we should probably begin to step through this list slowly over the next weeks/months to turn UNO into the coin it was meant to be. Opinions?

@voluntarist500 I think the idea of backing a minimum value for UNO with silver is brilliant. I hope you can make that project work. It might be a great "feature" to have to boost UNO's profile...
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