Where is dev ? He must more active.
We just finished transaction protection for live.minerals.pro. Now we need to test it. All good, but you have added another reflector and antenna to a satellite that is still on the ground. You need to get the satellite deployed in orbit for the enhancements to have value. Omg I`m so close to the satellite engineering  It`s so heartwarming to read familiar language. We are checking if satellite will not fail in orbit since it will be pretty hard to replace it. Any suggestions on the carrier btw? You will have to look at what the market suggest will be strong enough to lift it to orbit. Do your enhancements in space, because if you cannot show a successful lift off, the programme will be shutdown before you have the opportunity to deploy the excellent product you have developed and all the hard work will be wasted creating piece fit for a museum. |
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Where is dev ? He must more active.
We just finished transaction protection for live.minerals.pro. Now we need to test it. All good, but you have added another reflector and antenna to a satellite that is still on the ground. You need to get the satellite deployed in orbit for the enhancements to have value. |
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I wonder why ppl selling under ICO price? selling with lose? :| LOL  It is because 95% of people in crypto are after the quick profits. They don't care about monthly dividends or long term plans. They are in it for the quick rise and sell at the top. In this case there was not even a rise so they just cut their losses and move on. The monthly dividends in the case of QBK will have to beat the opportunity cost of the investment as well as the investors cost of capital. With opportunity cost I mean the money that the investment could have made had it been invested elsewhere for the same period instead of being tied up in QBK for a month until dividends are received and with cost of capital I mean what it is costing the investor to put the money into the investment e.g. if he borrowed the money together with his risk appetite. In the case of crypto the opportunity cost of one month is the profits of pump and dumping new coins over and over for a month which can be significant. Taking a loss by quickly selling something that did not immediately rise is ok for those investors because the opportunity cost of those investment as explained will make up for the losses and still leave them in a profit situation by the end of the month. It will be the bag holders that lose at the end of the month. This explains why some of the investors stepped out quickly again. Unfortunately if 95% of the investors expect a rise, the opposite will happen, unless there is a benefactor investor that will take one for the team and start a pump. In the absence of a pump the value has to rely on the long term plans which will take some time to materialise. In the meantime there will be very little to support the value, unless the dividends are significant enough and in excess of the opportunity cost as explained above. That is why I say that the company had to be very well capitalised before starting this to fund the returns until the long term services income can kick in. The other option is to use the investor ICO funds to pay for the returns but that will be cannibalising the fund and not sustainable which is very ponzi like and will not go down well all round and is also illegal in RL. Looking at it from another angle, assuming the price remains constant in the absence of value drivers other than hype and dividends, if you want a positive NPV you have to take the 20k sat outlay in year0 and match that with the monthly dividends over the investor's cost of capital. Cryptoworld carries a lot of risk and therefore cost of capital will be high. So either the dividends have to be high or the 20k sats initial outlay had to be lowered. Alternatively, find a magic bullet that will increase the price other than the dividends and hype and there will be a recovery later on that could push the NPV positive. |
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I think it is necessary to create a stream of Minerals on twich. This stream will show fights of streamers which registered in advance in a duel. Anyone can participate in stream. For this purpose it is necessary to submit an application and to choose time of translation of a duel (from available). The camera and microphone aren't obligatory. All fights are chronologically determined and begin at the beginning of each hour. Duration of fight is limited. If the player registered in a stream on Wednesday at 17:00, nobody can register on the same hour. The player has to confirm the participation before a duel - in 1-2-3 hours, differently its fight will be cancelled. For example the player can agree with the sparring the partner about the forthcoming fight, or at the time of inclusion to choose the opponent in a network. The channel will have the corresponding design. There will be there an emblem of Minerals, a running line with information on winners, the forthcoming fights, quotations, news, etc. Between rounds and separate episodes splash screen will be shown. If in any interval there is empty time, that is shown record of fight from a database corresponding to duration to this time. Certainly it is possible to stake on each of fights. The channel will show information on rates, to show tables with statistics, etc.
All good ideas but anything relating to the main purpose is not strong enough to let the rocket take off and break free from gravity. Once in space yes. |
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looks like there is no buy support until less than 100 satoshi... oh well she's a goner.
It depends. If I continue the rocket analogy. The principle behind Minerals is solid and like a super high tech satellite. Unfortunately it is useless unless it is deployed in orbit. The dev team just have to implement ancillary measures to get it there. If the dev team remains hard headed, it will just be a paper weight and then you are right. |
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Is nothing going on with Minerals? Subreddit is dead  The devs are getting a lesson in economics 101. As soon as the light goes on (after all the warnings and advice), things will turn around. It is up to the devs to wake up and smell the roses and deploy the emergency parachute if it is not too late already - the closer the airplane speeds to the mountain the more difficult it gets to swerve away from it. Then things can carry on as they were. At these low prices the effect of gearing also becomes a big problem, but to overcome that is is economics 102. Lets first get economics 101 sorted. However, let me give you a hint of whats to come in economics 102 - at low prices gearing causes a lot of 100% profit situations very easily, this means that buyers at these prices can make a lot of profit very quickly which is a big incentive to dump. It becomes very difficult to break away once under 1000 sats and the lower it goes the more difficult it gets. A change from 300 to 600 happens much more easy and quickly than a change of 30,000 to 60,000. A price range moving between 30,000-40,000 is a much more stable environment to carry on with the long term development work and easier to contain than a price range of 300-1000. A coin <1000 sats also becomes highly susceptible to manipulation. Lets not get ahead of ourselves though and let the devs first do their economics 101 homework. With enough luck it wont be necessary for the economics 102 class. What is the essence of economics 101 in the context of crypto? You give the market what it wants (even if you don't agree with it) to maintain a high price and stable environment in which you can develop that which the market does not yet know it wants. You keep adding or adapting to what the market wants whatever that is and at some point the market will realise it wants the main feature you have been developing and then the first features become redundant. Each adaptation might take a week to do but might buy you a another 3-4 precious weeks of time to develop the main feature. The frequency of adaptation also depends on how long the current hot feature takes to wear off and a new fad hits the market. It is like a rocket leaving the atmosphere - the first big gas tanks are just there to break away from the earth's gravity and once the rocket is in space the tanks can be dropped and the rocket's own engines kick in. You cannot expect a rocket to break free of gravity with its own engines. Lets hope mission control can land the rocket upright, attach the big gas tanks and let it take off again and this time it will deliver its precious payload in space. Minerals is one of only a few coins with a solid real life use case and enormous potential. However, it is not possible to get to that desirable destination with an empty or no gas tank, under powered engine or without the necessary support. |
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Brilliant idea. Also if it is possible, i would suggest to keep the anon source code locked for a while.
Yes it will be locked. I hope the devs act fast before its too late. |
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Congrats, we just dropped below 1000 with this anon / tournament indecisiveness. Keep it up.
It is not indecisiveness, just a lack of understanding of economics. |
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When is next tournament??
There is fuck all buy support makes me worried min will die in the ass.
Because creating demand through betting is a long term thing and something else needs to be done to create demand in the short term while the long term services are established. I think this has been said 100 times already. Look at what creates demand in alt coins at the moment and implement that in the short term and then work on the long term. Someone does not want to listen and would rather let the coin die while a solid long term use will not have the opportunity to be properly implemented due to the coin running out of steam. That makes it 101 times that it has been said. |
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I considered QBK long and hard but then decided against it for the following reasons:
How things will probably go based on alt-coin history so far:
1. Roadmap mentions merchant adoption which is what every coin so far tried to achieve. Even BTC is struggling with that and merchant adoption to create demand will take many months/years to achieve. After QBK there will be many other coins launched with the same goal. Apart from possible benefits from the u-ci plans I could not see any plausible real life use for QBK that will create demand and this is long term.
2. ICO is a no-no. All ICO coins so far have failed. How will the ICO host in anyways really know what the withdrawals are used for? Apologies if I am skeptic. If you want a coin to succeed you need to have enough real life funding to do it and have a company capitalised with enough funds so that you do not need investor funds to do it. Having said this there are exceptions though like Kickstarter where something tangible or useful have been created but with specific characteristics. In RL using investor funds in companies are regulated and needs to comply with certain criteria and conditions - including venture capital companies.
3. 20k sats ICO. Really??
4. All coins except for a few follow the same price and volume graphs - Initial pump up and after the first rise a dump and gradual decline over a number of weeks/months to eventual low price and low volume followed by a de-listing. What will make QBK different?
5. At the initial pump the ICO purchasers will dump at their respective risk thresholds - some at 5% some at 10-20%%, some will try their luck for 50% and when the bell rings big dumping back to 20k or lower.
6. 95%+ of crypto people are just there for the quick profits. Very few are in it for the long term. The ratio for ICO purchasers will probably be the same, meaning that after the initial dump there will be no interest left and they will move on to the next coin launch.
7. After the initial dump there will be bag holders that at least will earn BTC. BUT unless you have a plan to fund that for at least 1 year, you will run out of funds to pay the BTC.
8. There will be daily moaning on the ANN thread about when is the next innovation, what is going on FUDding will be rife in the backdrop of pice and volume decrease. The downward trend will continue unless you can find another way of creating demand and keeping people interested. However unless there is something big that creates a lot of volatility the initial profit takers will not return and you will have to work with the remaining bagholders to achieve your objectives. The key will be to keep interest, momentum and demand until you can achieve something with merchant adoption or u-ci.
9. POS coins have a dismal track record so far.
On the plus side:
1. If you are as dynamic as you say you are and if want QBK to be successful you need to address the above points. All coins except maybe one or two have failed to achieve that.
2. Women rights is a hot topic currently. So if people are into that then support something run by women (if you are women of course).
3. Accounts mentioned to be involved are at least not raw newbie accounts.
The above sounds skeptical but 20k is too high in my view for an ICO. Maybe there is some BTC to make on the first rise. Hopefully you can prove me wrong.
You are welcome to your opinion, of course. The key difference between QiBuck and every other ICO and / or pure POS coin that has come before is that QiBuck has real incentive for people to hold onto their coins. I'm not just talking about the staking interest, though 5% per annum is a nice perk it isn't enough to keep most people from selling. QiBuck is the ONLY altcoin I know of that will pay monthly 'dividends'
to bagholders in Bitcoin. The amount each person receives is dependent upon the number of coins they are bagholding. QiBuck is asset-backed. Some of those assets have been in place for some time and are ready to start generating revenue. As I understand the breakdown, 50% of all asset revenues go directly to the bagholders. The remaining 50% is broken down like this: - 22% is paid to QiBuck staff for their ongoing work on developing and promoting the coin
- 23% gets rolled back into additional investments
- 5% is for giveaways, bounties, etc...
The benefit to holding onto the coins far outweighs any short term profit to be made by dumping them. I hope you are right. |
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I considered QBK long and hard but then decided against it for the following reasons:
How things will probably go based on alt-coin history so far:
1. Roadmap mentions merchant adoption which is what every coin so far tried to achieve. Even BTC is struggling with that and merchant adoption to create demand will take many months/years to achieve. After QBK there will be many other coins launched with the same goal. Apart from possible benefits from the u-ci plans I could not see any plausible real life use for QBK that will create demand and this is long term.
2. ICO is a no-no. All ICO coins so far have failed. How will the ICO host in anyways really know what the withdrawals are used for? Apologies if I am skeptic. If you want a coin to succeed you need to have enough real life funding to do it and have a company capitalised with enough funds so that you do not need investor funds to do it. Having said this there are exceptions though like Kickstarter where something tangible or useful have been created but with specific characteristics. In RL using investor funds in companies are regulated and needs to comply with certain criteria and conditions - including venture capital companies.
3. 20k sats ICO. Really??
4. All coins except for a few follow the same price and volume graphs - Initial pump up and after the first rise a dump and gradual decline over a number of weeks/months to eventual low price and low volume followed by a de-listing. What will make QBK different?
5. At the initial pump the ICO purchasers will dump at their respective risk thresholds - some at 5% some at 10-20%%, some will try their luck for 50% and when the bell rings big dumping back to 20k or lower.
6. 95%+ of crypto people are just there for the quick profits. Very few are in it for the long term. The ratio for ICO purchasers will probably be the same, meaning that after the initial dump there will be no interest left and they will move on to the next coin launch.
7. After the initial dump there will be bag holders that at least will earn BTC. BUT unless you have a plan to fund that for at least 1 year, you will run out of funds to pay the BTC.
8. There will be daily moaning on the ANN thread about when is the next innovation, what is going on FUDding will be rife in the backdrop of pice and volume decrease. The downward trend will continue unless you can find another way of creating demand and keeping people interested. However unless there is something big that creates a lot of volatility the initial profit takers will not return and you will have to work with the remaining bagholders to achieve your objectives. The key will be to keep interest, momentum and demand until you can achieve something with merchant adoption or u-ci.
9. POS coins have a dismal track record so far.
On the plus side:
1. If you are as dynamic as you say you are and if want QBK to be successful you need to address the above points. All coins except maybe one or two have failed to achieve that.
2. Women rights is a hot topic currently. So if people are into that then support something run by women (if you are women of course).
3. Accounts mentioned to be involved are at least not raw newbie accounts.
The above sounds skeptical but 20k is too high in my view for an ICO. Maybe there is some BTC to make on the first rise. Hopefully you can prove me wrong.
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MineralsPR, what was done in the last few days to improve and more importantly promote the betting platform? Any progress?
We are currently doing transaction protection for betting service. The problem is there are certain moments when a transaction can be "chewed" by the system (for example, if you send your bet to the wallet generated for the previous betting round because you webpage was not refreshed in time - or you simply had the wrong address in the buffer) - to ensure that this will not going to happen we need to track every transaction made to the wallet associated with service and instantly (or within a small time frame) return it back to the user. The concept is fairly simple, however we found out that constant tracking eats a huge chunk of the server`s resource and we need further optimize code in order to avoid overloading when we will have significant amount of users made their bets. Those changes might be invisible from the outside, but absolutely crucial to ensure service stability and reliability. Also, having coders on salary have its own downside - they tend to stop working on weekends. Coders on salary? Where do you get resources for salaries and will you run out of money eventually? I knew it's project Team invest in, time and money, but still. Running coders on salaries hoping at some profit at 2015 Q1? Just want to make sure you're fine They should be fine because part of the decision to go for long term real life services first which will see price rises after several months only means they had to have alternative sources to keep the engines turning while the price and volume remains low. If they did not have the alternative resources they would have secured a high price floor first and made sure that the funding logistics are in place if the plan was to pay for betting services development with the coins itself. So the only thing that makes sense is that they have enough alternative resources to pay for the salaries to see development through the rest of 2014 while prices remain <2000. Demand and therefore price and volume will really take off once everything is in place in a few months time and after several successful tournaments have been held (probably towards end Q4 2014-Q1 2015). The trick is just to keep everything alive and momentum going until then and to prevent any de-listings along the way. |
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Tomorrow is the last day.
There has been no communication on any of the items on the roadmap including communication on anon methods etc. So I highly doubt that anything will happen today. CG might have had another personal issue which I really hope is not the case. It would have been nice if he let us know if that was the case to get our support and so that the community know what is going on, however it is understandable that his family comes first. Let us then assume that is what happened and lets hope everything works out OK for him and his family and that his wife and child are OK. If we put emotions and personal life to the side for a moment and purely look at it from a business point of view, I have written ZS off. STFU and GTFO does not work in Crypto. However, stranger things have happened so I will keep my wallet.dat for in case and maybe buy a few more at 50 sats. |
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All the noob traders are requesting Anonimity added to MIN because they assume that anon implementation is whats going to shoot the price up because thats what happened to DRK and other anon coins.
Well guess what? Min's priority is not anon. Let the devs continue to build on and improve the betting services then consider anon down the road once we have the betting system in place & polished.
Stop with the stupid anon dreams people.
Can you not see that at the current trend the coin will be dead before the betting system is in place and polished? How do you think volumes will be generated to keep it alive? Do you realise that thousands of new people have to be pulled in that do not currently own Minerals for the volumes to increase? If there was n active market with lots of volumes I would agree with you and say leave it. Unfortunately volumes have died down and something is needed to kick start the volumes again. Normal betting might catch on by end of Q1 in 2015. Until then someone has to pull a rabbit out of a hat to keep it trading on the exchanges. In a couple of weeks price will be down to 300 sats, bots will wreak havoc and volumes will be <1 BTC. It will be on the to be removed list and people will be begging for the coin not to be removed. J9901 I wonder who is the n00b trader that cannot see what is currently driving volume on the exchanges. |
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Although I wont be using anon, without the volumes it would generate Minerals will go down to <300 sats and probably be delisted due to lack of volume before the betting features can really kick in. With such low volumes you will have two problems to solve - 1) How to keep the coin on the exchanges and maintain the required volumes and 2) how to attract enough users to create the required volume on its own. I would hate to see the coin die due to low price and volume when it had all the potential to be great due to the betting features but did not get the opportunity to shine.
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Well, then I'll retract my fangs. I should have known you weren't a native speaker, your grammar is too good. It drives me nuts when native speakers screw it up, and that one especially. Hey man dont loose your nerve like that if someone speaks losely. Some people is just not native English speakers. |
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Mintpal : We're removing the HVC, SPA, ZEIT and ZS markets on Sunday 10th August. [1/2]
Good. ZS should never have gone to Mintpal. Now things can be as they were. Only thing is a coin needs to have around 0.1BTC avg volume to remain on Bittrex. I really hope CG returns (again) before ZS gets delisted from Bittrex. Time is seriously running out. |
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Some people never learn.
Give CG a break, he explained why he was gone last time when he came back, chances are, (although I hope it isnt for CG's sake) something else has come up with his wife/soon to be child.
Communication is the key. The previous price tank could have been avoided if he just posted that he had a personal matter to deal with and that he will be out for a week or two. If it is the same now then just keep the community informed to say don't expect anything for a week or two while xyz and a whole community will post supportive messages. Human nature is an ugly thing and people will cook up the weirdest things. If you are right icecube45 then I hope for a speedy recovery and that all goes well for his family. |
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While waiting for the dev work to be finalised, the community can assist with preventing a de-listing from Bittrex by maintaining an average volume of around 0.1 BTC per day or slightly more between buys and sells, which is easy to achieve. Once dev work is finished and rollout starts, volume should increase gradually over the threshold.
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I don't understand you people... People are selling to this retarded prices and you blame CG? What does price have to do with developer?! Are you into coin or into developer?! Did you forget that the purpose of cryptocurrencies is not to get your asses rich, but to have an option of direct money transaction without fuckers that are taking your money (among other awesome things that crypto provides)? Well, THIS COIN IS WORKING PERFECTLY so if you want bigger price, go ahead AND START ADOPTING ZIMSTAKE, do something, don't just sit there and yell "where is the dev, I am loosing my money! (yes, you, and only YOU are loosing your money. And don't flatter yourself by calling yourself investors because you are not an investor, you are a gambler...)" You are all getting nervous and angry because he is not showing up and the price is collapsing... Well, ok, but, if the price starts to climb again and goes really high WITHOUT CG showing up, will you then tell him he is AWESOME and shouldn't show up by any chance while the price is going up? All I can see is: if the price is going up that is because of the awesome community, but if the price goes down then it is dev to blame and where is dev... Trust me, with that kind of thinking, no one will do anything for you ever (and don't forget he is doing it FOR FREE).
You are behaving like you were promised a profit...
Even if CG is playing games with you, that doesn't mean this coin will die or should die nor does it mean you can't earn money from it... You just need to start doing something other than complaining...
Unfortunately real life adoption and use is a long term thing that can take 6 months to 1 year to get the required volumes. In the meantime, the exchanges like Bittrex will de-list a coin if the average of 0.1BTC per day is not maintained for a while. It is therefore important to create volume. The best way to currently create volume in the short term to maintain the required average is to implement anon, while the longer term services can be built on top of that. Unfortunately the holders cannot do that. Also, there needs to be direction from the "captain" on what to do otherwise hundreds of holders each go on their own tangent. I think all that the people want asap is for anon to be implemented to kick some volume into the coin. In addition, ZS needs to trade at a higher level because there are very little coins, 3.8m. At these low prices one need many coins to buy anything more than a pizza and there simply are not enough coins to go around to pay a lot of ZS at small value each for something. It must be possible to buy a pizza for 5 coins, not 5000 coins. In fact, ZS needs to trade at an extremely high value to be successfully adopted in commerce due to the low coin count, so that you can buy stuff with a fraction of a coin. The best way to kickstart that in a short space of time, that that I know of, is for anon to be implemented asap. In that case I would say FUCK BITTREX (good exchange but unfortunately they are destroying crypto since all they think of is their profit, which is legit but NOT when you are DIRECTLY influencing life of any coin) instead of getting on my knees and begging BITTREX not to delist a coin. No, really, not one coin needs BITTREX especially not Zimstake... Let me ask you something... Do YOU NEED anonymous transactions and how does it affect your life? Answer me that and you might just realise how all of this is just crazy... Why don't we instead of just having another anon (not important) coin (which is already more than enough anon) offer people something new and cool (that actually has some purpose other than speculation points)? I dont give a rats ass about anon and will never use it. Unfortunately there is a big demand in the market for coins that offer anon because many other users will use it. Hence the recommendation to implement it so that the higher demand can help the price of ZS to trade higher at a floor to build other services on. You tell me what a coin of 3.8m trading at 500 sats can be used for? Even Whitecoin with 300m coins at one point traded at >500 sats before their devs stuffed it up. |
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