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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Metronome, an autonomous cryptocurrency with predictable supply on: June 19, 2018, 11:35:09 PM
Please, do we need to increase the standard gas limit to send ETH to your contract address in this ICO?  myetherwallet and most others have standard limit of 21000, is this enough gas or does it need increasing?

It can help to increase the gas limit, yes.  It is not required.

2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Metronome, an autonomous cryptocurrency with predictable supply on: June 19, 2018, 11:16:37 PM
Updated OP to reflect MET ticker and live auction.
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Metronome, an autonomous cryptocurrency with predictable supply on: June 17, 2018, 07:27:02 PM
So they will have an auction without hardcap? It shows how developers greedy and unproffesional. They must have hardcap with detailed business plan as any other ICO.

Hard cap:   The auction has a hard cap.  The auction starts at the hard cap and counts down.  8M MET * 2 ETH price is maximum.

The roadmap is on the website.  This is one of the more professional projects in the space.

It is different from all other ICOs, so it takes some time to understand.



4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Metronome, an autonomous cryptocurrency with predictable supply on: May 18, 2018, 09:39:42 PM
also, look at the pricing, and how many coins there are. also, although these 2,880 every day is one thing - the money for these goes guess where...yep, the metronome team. talk about a license to print money and devalue the existing one at the same time.

Incorrect.

The money goes -- guess where -- to a smart contract that is not accessible by the Metronome team.

That is why we call it an "un-ICO."   No private sale + 100% of the money raised goes back to the Metronome community over time.
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Metronome, an autonomous cryptocurrency with predictable supply on: May 16, 2018, 08:53:53 AM
Metronome initial supply auction date set!

Save the date:  June 18, 2018 at midnight UTC

6  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Metronome (MTN) Bitcoin Killer? on: May 13, 2018, 03:48:06 PM
BTC has POW and all-world known but MTN has nothing behind it Cry

Metronome is secured by the underlying blockchain.  Therefore, it has POW (Eth, Eth Classic), DPOS (Qtum) and Bitcoin POW (Rootstock) behind it.
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Metronome, an autonomous cryptocurrency with predictable supply on: May 13, 2018, 06:57:34 AM
Very strange project... Founders wrote in WP that they will issue 2880 units every day, as I understood - but what if founders decide to issue at one day 2 million units? How this can be forbidden?

The smart contract will issue 2880 tokens every day, not the founders.  No one - including founders - have control over issuing new tokens after Metronome is launched.

This is important - once Metronome starts, no one controls Metronome.  The economics are autonomous.

It is called Metronome because "click click click" like a https://en.wikipedia.org/wiki/Metronome, a small amount of tokens are minted every day forever, and no one can change that.
8  Local / Alternatif Kripto-Paralar / Re: Metronome - Dünyanın İlk Cross-Blockchain Kripto Projesi - 5 Şubat 2018 on: January 09, 2018, 11:09:42 PM
Hello!  Excited to hear about Metronome spreading to Turkish peoples Smiley
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Metronome, an autonomous cryptocurrency with predictable supply on: January 09, 2018, 06:43:50 AM
When auction start how will pay if we purchase metronome token ? Immediately or ? And only from wallet we can pay ?

And where will receive the coins ? And when ?

You pay smart contract with ETH or DBTC, and receive MTN tokens immediately.

This requires a wallet software capable of ERC20 and ETH, and some ETH or DBTC.

10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Metronome, an autonomous cryptocurrency with predictable supply on: December 28, 2017, 04:27:30 PM
The price for one MTN are 2 ETH at the beginning??

Is that right? Why so much?

The Metronome Descending Price Auction starts at a high price, then counts down.  It has to start at a high price.

Read more at https://medium.com/@MetronomeToken/what-is-a-descending-price-auction-8c0770bb6a71

tl;dr 2 ETH/token is the cap
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Metronome, an autonomous cryptocurrency with predictable supply on: December 28, 2017, 04:25:41 PM
This is such a useless token.

Atomic Swaps negate all of this and removes the need of a third party such as MTN which is nothing more than an advanced tracker across multiple blockchains negating privacy.

It sounds like there is misunderstanding of Metronome here.

Metronome is the opposite of a swap:  There is no asset exchange, thus no exchange rate difference, thus no exchange rate risk or volatility risk.

If you swap BTC/ETH, then you risk BTC price changing or ETH price changing.  Volatility risk + exchange rate risk.

With Metronome, the MTN asset moves to a new blockchain, but keeps the same asset (and same asset price).

Analogy:
A1) Metronome is like a gold bar.  Moving Metronome from blockchain ETH to blockchain ETC is like moving a gold bar from one warehouse to another warehouse.  It's still gold, just different warehouse.

A2) A swap is like exchanging a gold bar for a silver bar, with guards watching the exchange to be sure it is safe and honest.

Swaps are very different from what Metronome does.
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Metronome, an autonomous cryptocurrency with predictable supply on: November 27, 2017, 04:22:52 PM
Aloha Jeff,

Can you clarify please.  Sales proceeds go into the "Proceeds Contract".   Of those, 0.25% goes from the Proceeds Contract to the Converter Contract.  It appears to me that the Proceeds Contract should be accumulating over time.  What happens to the ETH/ETH/QTUM/RSK that is held in the Proceeds Contract?  Do they always remain their forever?  Do the get burned?  Distributed?  

For the ethereum chain,
Every day, 0.25% of the total current ETH balance inside the Proceeds Contract is sent to the Changer, ad infinitum.

If the ETH balance is large, 0.25% of a large balance is moved to the Changer.  If the ETH balance is small, 0.25% of a small balance is moved.

This process is repeated on every chain (ETC, RSK, QTUM) in parallel, by a parallel set of contracts running on the ETC/RSK/QTUM chains.   The Proceeds contract on the ETC chains holds an ETC balance, and sends ETC from Proceeds to ETC/MTN Changer.
The Proceeds contract on the QTUM chains holds a QTUM balance, and sends QTUM from Proceeds to QTUM/MTN Changer.

So, 100% of proceeds accumulates in each Proceeds contract, and a small percentage of that new total is moved daily to each Changer contract.

13  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: ICOs... Just avoit these! on: November 25, 2017, 02:01:30 AM
These are some ICOs to just ignore...  Metronome, Pundi X, Stack, WaBi...

Why? Evident flaws exposed here...https://tinybowl.blogspot.co.uk/2017/11/icos-to-stay-away-from-metronome-pundi.html

This link includes false statements and analysis.

Metronome returns 100% of the invested crypto (ETH etc.) back to the community.


You put 100, you get a value of 80. But don´t take my word for it. Go ahead.

Wrong.

You and the author are confusing tokens and proceeds.

80% of MTN tokens go to community, 20% of MTN tokens go to founders.

100% of the ETH in the Metronome raise goes to the community.

Read the announcement and Owner's Manual:  https://bitcointalk.org/index.php?topic=2450739.0

14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Metronome, an autonomous cryptocurrency with predictable supply on: November 24, 2017, 12:34:55 AM
How will BTC, ETC, or QTUM investments work with the changer contract?  Will they be converted to eth after the raise?

Metronome will be deployed to EVM-compatible blockchains.

Thus, Metronome on ETH will have ETH/MTN changer, and users participate in the auctions by sending ETH.  The Proceeds contract stores ETH.  Metronome on ETC will have ETC/MTN changer, and users participate in the auctions by sending ETC.  The Proceeds contract stores ETC.

RSK, presumably pegged to BTC, would be a way to send "BTC" to Metronome, and the Proceeds contract collects RSK (BTC).

So, no conversion.  The blockchain native currency is the one used in the auctions for a given chain.

15  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: ICOs... Just avoit these! on: November 23, 2017, 06:23:01 PM
These are some ICOs to just ignore...  Metronome, Pundi X, Stack, WaBi...

Why? Evident flaws exposed here...https://tinybowl.blogspot.co.uk/2017/11/icos-to-stay-away-from-metronome-pundi.html

This link includes false statements and analysis.

Metronome returns 100% of the invested crypto (ETH etc.) back to the community.
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Metronome, an autonomous cryptocurrency with predictable supply on: November 23, 2017, 06:04:53 PM
The way the auction is setup, seems to encourage people to wait for others to go first to reduce the price. Do you have some further reading on the psychology that makes this an effective way to have an auction?

It is an update on the recently used Dutch auctions, where the closing price is applied to everybody in the Dutch auction, and settlement occurs after auction closes.  Those auctions price below market, because there are some in a Dutch auction that would have paid more, if given the chance.

Metronome's descending price auction is instantly settled, giving everybody access to each price band, to buy (or not) as their market theory and needs dictate.

There is the incentive for an auction participant to wait and buy at a lower price, but a counter-incentive to ensure that you receive some tokens versus fewer/none.

17  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Metronome (MTN) Bitcoin Killer? on: November 23, 2017, 05:55:48 PM
We certainly don't intend it to be a "bitcoin killer"...   Metronome requires a blockchain to secure it.

P.S. Posted an announcement thread at https://bitcointalk.org/index.php?topic=2450739.0
18  Alternate cryptocurrencies / Announcements (Altcoins) / [ANN] Metronome, an autonomous cryptocurrency with predictable supply on: November 23, 2017, 05:47:35 PM
We are pleased to announce Metronome, a new cryptocurrency with an autonomous global supply and the ability to import/export across blockchains (a blockchain-on-blockchain approach).

Metronome attempts to create a stable, predictable money supply ad infinitum, using daily descending price auctions to distribute the token supply at market prices.  Through the Auction contract, an initial 8,000,000 MET are sold in a 7-day initial descending price auction, followed by 2,880 MET per day minted and sold in the daily auctions (through year ~30, where mintage hits a 2%-per-year inflation floor).  We retain an additional 2,000,000 MET for a one-time compensation, 75% of which is locked up for up to 3 years.

The ETH (or ETC or QTUM or BTC) received in the daily auctions is stored in a Proceeds contract on the blockchain.  This Proceeds contract acts like a savings account, holding the auction proceeds (token sale proceeds), and then feeds 0.25% of the total Proceeds balance to another contract, the Changer contract.  tl;dr the raise goes to the community long term, zero back to us.

The goal is a fair distribution, to the public, at market prices.  There is no pre-sale or special access discount.  All of the "raise" goes back to the community.  Metronome is quite different from any traditional ICO.

The Changer contract is an on-chain ETH/MET exchange facility.  The Changer contract holds ETH and MET balances.  It uses a simplified Bancor-style algorithm to behave like both an exchange and a market maker for ETH/MET pair.  Users send ETH, receive MET.  Users send MET, receive ETH.

In the context of the Proceeds contract, the changer autonomously receives 0.25% of the Proceeds balance every day, overweighting the ETH side of the ETH/MET trading pair.  This creates an incentive for others to deposit MET and receive ETH, to arbitrage the Changer ETH/MET pair back to market price.  The Proceeds contract causes the Changer to, indirectly, "buy" MET every day, essentially a mechanism of community market liquidity support over many decades.  The Proceeds contract is like a slowly deflating balloon.

Users transfer MET tokens between each other via the ERC20 contract, using an ERC20-compatible wallet.  This contract has been enhanced with extensions for ERC223, MassPay (multiple transfers in one transaction, lowering mass-payout fees), and a unique on-blockchain subscription extension.

Website: https://www.metronome.io
Owner's Manual: https://github.com/autonomoussoftware/documentation/blob/master/owners_manual/owners_manual.md

How to purchase:  Send ETH to ETH auction contract, receive MET to an ERC20-compatible wallet.

Other resources:
FAQ: https://github.com/autonomoussoftware/documentation/blob/master/FAQ.md
Article: What is a descending price auction?  https://medium.com/@MetronomeToken/what-is-a-descending-price-auction-8c0770bb6a71

Update:  The initial public auction is now live!

Update:  Source code is available at https://github.com/autonomoussoftware
19  Alternate cryptocurrencies / Announcements (Altcoins) / [moved] on: November 23, 2017, 05:26:55 PM
Moved to https://bitcointalk.org/index.php?topic=2450739.0
20  Bitcoin / Alternative clients / Re: [ANNOUNCE] picocoin and libccoin -- C-based bitcoin library and client on: May 06, 2015, 05:37:37 AM
The libccoin library no longer depends on GLib library.  That dependency has been completely removed.
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