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Oh I thought you were asking about the crowdfund block time thing sorry. I do not know this it may still be up in the air.
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Every 10 min a new block on bitcoin chain is created.
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No once the ELC runs out no more btc should be sent
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When I sell my Lisk and Augur rep I am going to buy a few percent of remaining coin. I will then offer some bounties for some github contributions. Currently I am pondering which method of verifying computation to pursue. Soon I will be developing on code valley I will see what I can do for this there.
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Unity chips will be a currency that grows by playing various games or using to fund leverage trading and can be used as collateral. On a DApp programmed for margin trading exchange and leveraged futures and casino (with negative edge) and competition gaming that pays a bit more than the bets on it. I call it Over Unity and all income from almost any cryptocurrency on it goes into buying back Unity chips (and burning them)after being used as liquidity(with ineterest) and paying for the software to run. The trading will have no fees. The Unity chips will have no transaction cost and can be used beyond the D.A.C. The interest on lending will be market driven. This all will have no shareholders, once programmed the players and traders are the only owners. The software will generate income from farming and mining crypto so players can start playing with only computing power. Another presentation of this here https://bitcointalk.org/index.php?topic=1426384.0 |
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I have an idea of a casino where every week a Unity chip is auctioned off it's split among all bidders. This can be endlessly divided. There will be a market for exchange and the funds raised will help support the price. The exchange will allow leverage trading. Every game will provide a small player advantage. For example the poker games will have something like a .01% anti rake. There would be competition games like risk and various card games and the winnings equal a tiny bit more than the bets. Of course the slots will be over unity too.
The player who wishes to play must download some software. Within it will be a vault to farm safecoin and lisk mining code so the player can start for free from some of it's profit that it produces. All currency of the casino goes eventually towards buying back unity coin and burning it after being used to provide liquidity on margin trading. Early players will be the luckiest.
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I do that sometimes I know something great will come from the efforts towards projects like this. Carry On and dont panic
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Both I was speaking about elastic price if bitcoin was $600 and elastic commanded a bit cent. but not too long from now speaking in terms of dollars will be irrelevant for anyone into computational currency and bitcoin. Just imagine this and other projects unlocking the resources to produce Actual Intelligence to contribute to further development of itself and every other thing. Even though we are not using memristors yet and quantum computing is not household yet. There is tons of this current architecture computing laying around now enough to produce interesting abilities.
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Well with the halving of bitcoin probably $6+ and sometime in 2017 meteoric rise of btc from there followed by some setback is likely. I honestly wouldn't even blink at $10000 btc price being topped by 2018 and a pullback to half that. But you never can tell...
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I am back excited that maybe by my birthday on july 26 my share of elastic will be available to market though I will wait until they are a bit cent each to really sell much  |
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I like the idea of an alternative to blockchain. The only example I know of is the safenetwork. In that case it really will be advantageous. If I was directing this ship I would use this coming network along with others as a platform to develop all the characteristics we want for our coin. Temporal Instant Market Exchange built in to manage multiple computing resource backed coins. Effectively making elastic coin glue for different currencies focused on different aspects of computing. In this case most of the development is done already.
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I read about bitcoin in 2010. Thinking about the rules of distribution written in code I saw one million dollar bitcoin back then. I could not be sure this small niche would catch wind back then but today I am sincerely confident I will see a million dollar bitcoin if I live to an old age. Remember that it really does not mean 21 trillion market cap if you factor lost coins into it.(which is large amount)
My guesstimate is that the next huge bull run will mostly happen second half 2017. $10000+ at that time might be met. There will be years of pullback until new orders of magnitude are hit in about 4 year cycles. A few catalysts are possible that could mean even more bullishness. Potential pitfalls exist of course too. As an example of a catalyst say there was a new extreme financial crises that alone draws money into btc but in the middle of chaos a central bank decides to hold bitcoin as reserve and some others follow! $1,000,000? nope try much more...
Debt backed by deficit fiat currency is impossible to float forever in current form. You walk a line in between debt deflationary spiral and out of control inflation . When a politician says we need to pay off our debt I chuckle at the impossibility baring negative rates or something.
There is no limit to the dollar cost of bitcoin. NONE in the long run.
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Cool It is back to showing my balance proper. I expect this project will get on better footing in time. We all know this was rolled out poorly but it can be salvaged.
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It now shows my donations as zero btc spent and negative 5400 something coins had positive 14000 when it showed my contribution. I want to see this worked out but does anybody that knows what is up want to explain?
EK thanks for response I will stand by for update
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No I am no expert in quantum safe cryptography but I found in quick search several approaches to that. I have a more pressing concern though the crowd sale page is showing only 3.32 btc spent?? glitch or major redemptions?
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I bet that if you design this coin with a way to do multiple merged mining easily for everybody you would have your main attraction for it's adoption.
Edit: P.S. EK it is possible protect it from quantum computation and even design room for it into future mining functions.
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Is there any consideration for protection against quantum computation? If not I suggest there should be it may not be too long from now.
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Funding is not the main concern here. 23 bitcoins could finish this project using a p2p automated sofware creation service eventually I really believe. There is codevalley coming soon for instance. With Evil-Knievel redoing the white paper among other things it may begin to look a lot more appealing to potential investors. I see the current rate of funding as improving to the point of selling out before it ends.
I decided to invest a few more btc just in case it increases my computational wealth. I don't need to own a whole percentage though I may change my mind.
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I just made another little contribution to the crowdfund. I am not certain if this project will get much more support but I have plenty of btc (also in early)if it starts moving faster. I have a little extra time to invest for free too if I see anything I can do. I do not have the repertoire as some others but I can develop skills. I think the lack of transparency is temporary oversight. But I will not go too deep in until it is worked on.
Sincerely,
Daniel Ray Waters Hazelton Ortiz (yes my legal name for real)
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