sell 200000 mari=1 BTC
That's a good price - 500 sats each. If I had that much, I'd be interested.
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It probably is a ponzi, but as long as you don`t invest more than you can afford to lose, you may actually earn some coins before it goes under. They give you money to start, use that and some faucet earnings and see what you get.
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Thanks for the discussion and enthusiasm about RaiBlocks everyone. We're nearly finished with faucet maintenance and website updates. The delay is because we're ensuring everything is stable before we open the floodgates again. Thanks for your patience and stay tuned.
If you were actually the dev (clemahieu), with more than a few posts, this would carry more weight. If you look at github, you can see, he is the raiblocks.net website dev... So it actually has some weight. Given he is who he claims to be. github clearly shows the dev is Clemahieu, not Wlemahieu. His name is Colin Lamahieu
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The only thing about this is, I`m not sure it`s the real dev. Here`s the thing:
wlemahieu Jr. Member * Activity: 48 Posts: 48
The dev is clemahieu, and he`s not a jr member with only 48 posts. I think we just have to wait and see, because the real dev said he`s not in a rush to re-open the faucet. This is from the raiBlocks google forum yesterday:
Colin LeMahieu I'm not going to give a date since I don't know. We'll turn it on when the work is done.`
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Thanks for the discussion and enthusiasm about RaiBlocks everyone. We're nearly finished with faucet maintenance and website updates. The delay is because we're ensuring everything is stable before we open the floodgates again. Thanks for your patience and stay tuned.
If you were actually the dev (clemahieu), with more than a few posts, this would carry more weight.
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Everybody is free to open their own faucet and redistribute their own raiblocks earned by solving captchas.
Like Bitcoin uses POW as a distributiin mechanism, raiblocks uses a faucet...
You wouldn't suggest that every bitcoin miningpool receives 25BTC per 10 minutes... So why suggest multiple faucets?
There is no script to give mrai as a reward on faucets. Someone needs to develope a script to do that, so they can give away mrai. The whole point is, the dev doesn`t really want to reopen the mrai faucet, so we have to do something with the mrai already in circulation.
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Do you just mine 1 coin, like bitcoin or do you mine btc, ltc and doge? And how long do you reinvest for, when do you make your first withdrawal?
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There is no way enough of this coin available without re-opening the faucet. Distribution is stalled at 18,186,192,099 KRAI as per the faucet. A mrai is currently selling at about 350 satoshis, so a krai is worth about 35 sats x 18 billion = 6,365 btc.
1 Mrai = 1000 krai So market capitalization is only 63.65 BTC at 350 per Mrai (0.35 satoshi x 18.19 billion). Ha! Even with a calculator, my math is rotten! So 63.65 btc @ $460 US each is less than $30,000 US - not much. But the dev wants more ways to use mrai, so someone should open a faucet (like they do for btc) and earn from ads for each person who claims. That would get some mrai moving around.
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Thanks for the feedback guys. One thing I'd like people to think about is concentration on the faucet versus concentration on using the system. If you like the technical aspects of the system, no transaction fees and speed, attention due to the faucet isn't a long term sustainable solution.
The point of continuing the faucet is so early discoverers aren't overly favored. You're right though, even the current amount of xrb out there would be enough to probably last forever without needing something like a split.
There is no way enough of this coin available without re-opening the faucet. Distribution is stalled at 18,186,192,099 KRAI as per the faucet. A mrai is currently selling at about 350 satoshis, so a krai is worth about 35 sats x 18 billion = 6,365 btc.
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Thanks for the feedback guys. One thing I'd like people to think about is concentration on the faucet versus concentration on using the system. If you like the technical aspects of the system, no transaction fees and speed, attention due to the faucet isn't a long term sustainable solution.
The only thing that sustains the system long term is developing bona-fide usefulness. When people want to use the system because it solves their issues better and more cheaply than the alternatives, that's what'll make everything work long term.
People here use cryptocurrency for a lot of unofficial reasons, as well as official. They use it to buy and sell things, to pay for services, for auctions, and, indirectly, for Amazon and eBay. If the coin system works, it will really get used. There are a lot of developers on here, all building sites around the more popular coins. If you build it, they will come!
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we just need to keep calming down guys because we don't have any power to complain we are just workers here Are you kidding? We are not just workers here, we're the investors. We are the most important part of this whole project. Without investors, the project is dead. Even if you just solve captchas, that is the only way to keep this coin alive.
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This is the last thing I saw:
"what is happening to faucet now still no updates very very long"
and then:
Colin LeMahieu 09:43 (49 minutes ago)
"The faucet is offline, we're working to bring it online."
Sure doesn't tell us much, does it?
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There is a thread here on bitcointalk.org all about this coin. Why isn't it updated? It would be more professional than having to go look for info.
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Maybe what they should do is re-open the faucet, but suspend transfers from account to account. Let people continue to collect coins, but not buy/sell it. Slow the faucet down a bit, but keep the interest.
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I think people are already losing interest, other than the ones actively selling or buying to stockpile coins. It may pay off, but the average person is going off to do something else now. If the faucet reopens, it may be okay, but if it stays closed too long - so long!
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They've only distributed 18,186,192,099 Krai, so noway 1 person has 100,000,000 Mrai.
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Yesterday, someone said 2 more days, which would make it tomorrow. But all the updates are on telegram (in the bottom of the faucet page), which I don't have, so I'm getting second or third hand info. Tomorrow would be okay, today would be better! have you seen this? http://bit4u.rf.gd/2frame.phpDo we need two different account? No. I actually have done some solving with 2 tabs open, back when there was a 10 second delay built in, so this just makes it a little faster. Use the same wallet address - of course, since there's no delay when using the faucet, I don't know if this will save time or not, but I'm going to try it.
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Yesterday, someone said 2 more days, which would make it tomorrow. But all the updates are on telegram (in the bottom of the faucet page), which I don't have, so I'm getting second or third hand info. Tomorrow would be okay, today would be better! have you seen this? http://bit4u.rf.gd/2frame.php
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I can show you several examples: http://getyourbitco.in/ - no threshold, withdraw any time http://infaucet.com/?id= - threshold 0 (a set of 4 sites the same) there's another one I can't remember, you need to have 10,000 to get paid to FaucetBox
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Dev says the blockchain is still rollingback transactions, so it is impossible to open the faucet yet. He's working on it.
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