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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CJ] CryptoJacksCoin-X13 POW/POS | BTR SWAP IN PROGRESS on: January 26, 2018, 11:40:58 PM
Sent 52529.54627207
Transaction ID: 2ac38cb15f1af543525e0dc3c978ac1b112ef688b595ebba03687fde74d2e81b
Btr adress: CZjEnwnAifHUvdUtuuq5nHRBWwhkP2SSVR
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [CJ] CryptoJacksCoin-X13 POW/POS | BTR SWAP IN PROGRESS on: January 25, 2018, 12:00:18 AM
I have two questions about the security in this swap.
1: Is there a working CJ block explorer? If yes, why could I not just clame someone else´s transaction with a PM?
2: If there is no working block explorer, how do we know that you don't use the coin that we send you?
3  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] Artemine - First Self Mining Smart Contract 2.0 - ICO Starts Sep. 14 on: September 11, 2017, 07:13:57 AM
Still a very good price for MNE, to get before the ICO:)
4  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] Artemine - First Self Mining Smart Contract 2.0 - ICO Starts Sep. 14 on: September 10, 2017, 06:49:30 PM
Hi, when will the final white paper be released?
5  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO SOON] Artemine - First Self Mining Smart Contract 2.0 on: September 07, 2017, 10:39:08 PM
Artemine whitepaper version 0.3 now released:

http://artemine.org/ArtemineWhitepaperDraft0.3.pdf

The most important change was the reduction of the Public Mining Rate from 0.00032 ARTE to 0.000032 ARTE.

We will announce over the weekend more details about the ICO date, stay tuned!

I am really humble that you asked the community, and listened to there response about the public mining rate!
6  Alternate cryptocurrencies / Tokens (Altcoins) / Re: 🌟🌟🚀 [ANN][ICO] PAYPIE 🌟🌟🚀 World’s First Blockchain Accounting Platform on: September 07, 2017, 09:38:49 AM
I think that the roadmap will be really hard to follow. It looks like the team underestimates the time it takes to interact with many different  CRM systems. It is normally a huge process, and that is far away from the only thing that they will do in there roadmap. Or many someone can explain to me that they will make it easier for some reason?
7  Alternate cryptocurrencies / Tokens (Altcoins) / Re: 🌟🌟🚀 [ANN][ICO] PAYPIE 🌟🌟🚀 World’s First Blockchain Accounting Platform on: September 07, 2017, 06:08:00 AM
I think will be one of these coins that the a lot of people will not pay any attention to during the ICO, since it is complex, and complicated. But the big investors in the crypto market will probably see the huge potential value, so the ICO will be a success, and and the smaller investor will regret themselves:D
8  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO SOON] Artemine - First Self Mining Smart Contract 2.0 on: September 06, 2017, 05:52:54 AM
Great to finally have this thread up. Is this the final whitepaper?(it still says draft), or will it come more?
9  Alternate cryptocurrencies / Tokens (Altcoins) / Re: 🌟🌟🚀 [ANN][ICO] PAYPIE 🌟🌟🚀 World’s First Blockchain Accounting Platform on: September 02, 2017, 11:43:25 PM
ok, so read trough the entire white paper, and that is huge. You really do need some knowledge of how the accounting business works today to really make out what the value will be. From my point of view, if I read this correctly, one of the biggest game changers is that you would be able to surely trace a source of an invoice! Today there is a lot of scams with fraud invoices, and if this could prevent that, you have a feature that all companies would be interested in!

That is also a good point that I didn't think of. I often hear about phishing attacks, viruses and ransomware through e-mails with subject "Invoice" with the payload wrapped in an archive pretending to be a PDF or DOC file. If PaypIe could eliminate that attack vector I think it would be invaluable to businesses who encounter downtime, lose a lot of money and leak sensitive info that way.

Well, the white paper is very complex, but still not perfectly clear on the specifics. But if you could send an invoice though the blockchain, and make it 100% reliable who the sender is, that would be the single greatest point to integrate your accounting software to the platform/blockchain. I know several companies that has sent payments of 10k euro to scammers that way.
10  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Minereum - First Self Mining Smart Contract - ARTEMINE ICO SOON on: September 02, 2017, 11:38:01 PM
I knew the project and the MNE coin, but then I lost the traces, so it's the first time I hear about this new ICO of ARTE, which can be shared with both Eth and MNE.
Can you explain the terms of the ICO, even if they are not yet clear?
If I understand the first day of ICO I can buy 1000 ARTE by sending 1 Eth or 10 MNE?
If this is really correct, MNE must align with the price of 1/10 Eth, right?

It all depends of the demand for the coin ofc. But if there is a high demand, and a good final white paper, then only stupid or ignorant people would want to sell MNE for a price that is as far away as it is today.  But good white paper, then your assumption is correct
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] | PARAGON | Revolutionizing the Cannabis Industry | on: September 02, 2017, 11:00:55 PM
Nice to have a big organization working with all the benefits of Cannabis. In my world this looks like a great project to bring people together to make a change! I hope this works out, and the more fact and ideas and marketing that can be made about cannabis, the better it is!
12  Alternate cryptocurrencies / Tokens (Altcoins) / Re: 🌟🌟🚀 [ANN][ICO] PAYPIE 🌟🌟🚀 World’s First Blockchain Accounting Platform on: September 02, 2017, 10:31:03 PM
Can someone explain this to me thou, the ICO will get you PPP tokens, but the use of it is only to access Services on the platform, and to buy an invoice from someone. That is not that many usages( even thou the services that you can use it fore Is not specified) compared to the complexity of the functions that we pay for to get developed in the ICO.

Furthermore, you state that the buyer will pay PPP tokens to buy a discounted invoice, to who do you pay that? the holder of the invoice, or to the network?
13  Alternate cryptocurrencies / Tokens (Altcoins) / Re: 🌟🌟🚀 [ANN][ICO] PAYPIE 🌟🌟🚀 World’s First Blockchain Accounting Platform on: September 02, 2017, 10:04:13 PM
ok, so read trough the entire white paper, and that is huge. You really do need some knowledge of how the accounting business works today to really make out what the value will be. From my point of view, if I read this correctly, one of the biggest game changers is that you would be able to surely trace a source of an invoice! Today there is a lot of scams with fraud invoices, and if this could prevent that, you have a feature that all companies would be interested in!
14  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Minereum - First Self Mining Smart Contract - ARTEMINE ICO SOON on: September 02, 2017, 08:31:15 PM
dev regarding 60 years is not realisit for people to buy ART. how can we maximize the potential of it?

why not you can still sell your genesi address if you think so! i think 60 years is good time.

Sell it to whom? As you know, it gets more difficult to mine coins as time goes on. Imagine I've bough a Gen address for 100MNE, giving me 10.000 ART. During the first years, let's say I mine 1 ART a day, for a price of 1,2$ a day. After 2 years I will have mined +- 600 ART (720$), and will have made a profit of 220$. At this time, it's already more difficult to mine ART. Now, I only get 1$ a day (IF the price has remained constant). Let's look at it realistically and say that, over the next 58 years, I will mine, on average, half an ART a day, for the price of 0.5$. The total remaining supply would therefore be worth around 4070$. Do you honestly believe anyone out there is going to spend that money, or even 1/10th of that money, for an address that makes half a dollar a day?

I think your math is way off for this estimation, you're assuming Artemine will be worth 1$?  This would be insanely undervalued at 1$ and in your last post you stated that having a supply under 10 million can generate a lot of income.  Well, Artemine will absolutely start with a small circulation (MNE is under 1 million right now) of coins and if you participate in the ICO will be the one receiving/mining these relatively rare tokens that will have more and more uses over time.  This seems like a no brainer for me!

Have you read anything about a capped ICO? I didn't, and it worries me. The reason why we saw MNE's price increase from 1.5 to 8$ is because people bought to invest in ART. There's gonna be a lot of people investing here, and without a cap there's gonna be a ton of genesis holders, providing a massively growing circulating supply that will drop ART's price to a fraction of it's original exchange listed price. Like you said, it's gonna start off with a very small circulating amount, but every day thousands of ART's will enter the market, rapidly crashing the price. I believe in this project and the devs, don't get me wrong, but MNE's price dropped down gradually to below 1$ because there simply wasn't an incentive to buy. I'm rightfully worried ART is gonna go down the same path
[/quote

Well, if 400.000 MNE is burned(or from ETH), in to ARTEMINE, that would mean that the total supply in 60 years would be 40 million. That means during the first month, you would have 55555 ARTE, in the first month(+ some more from public mining). That is very low, compared to any token except perhaps 300. You could mine it for many years, and it would still be a low volume coin. The MNE price, has come down very low, but that is mostly because someone out there has a lot of adresses, that they got for free! Therefore some dumps are occurring, that will be avoided when you actually pay for the coin in an ICO, since you calculate your return of investment, and not that any price is a win as with an airdrop.

15  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Minereum - First Self Mining Smart Contract - ARTEMINE ICO SOON on: September 02, 2017, 08:07:48 PM
dev regarding 60 years is not realisit for people to buy ART. how can we maximize the potential of it?

why not you can still sell your genesi address if you think so! i think 60 years is good time.

Sell it to whom? As you know, it gets more difficult to mine coins as time goes on. Imagine I've bough a Gen address for 100MNE, giving me 10.000 ART. During the first years, let's say I mine 1 ART a day, for a price of 1,2$ a day. After 2 years I will have mined +- 600 ART (720$), and will have made a profit of 220$. At this time, it's already more difficult to mine ART. Now, I only get 1$ a day (IF the price has remained constant). Let's look at it realistically and say that, over the next 58 years, I will mine, on average, half an ART a day, for the price of 0.5$. The total remaining supply would therefore be worth around 4070$. Do you honestly believe anyone out there is going to spend that money, or even 1/10th of that money, for an address that makes half a dollar a day?

what are you even talking about? You just randomly put a price of 1,2 dollars, with absolutely noting behind that statement. None of the math, or non of the statements you make here are correct.

It does not get harder to mine the coins as the time goes on. Not if you buy a genesis dress and get 10.000 as you say. You do absolutely nothing to get them mined, it is as "easy" day one and year 60. You have to separate a genesis dress and public mining, not the same thing at all. So the price that you are talking about of 1,2 dollars, is just some weird guess, that should be extremely undervalued. '

And all of you saying that 60 years is way to long, why? I mean it is a perfectly normal time for something to be mined, I mean look at bitcoin, it will be mined until like 2140 or something. You will most likely make your money back and more soon after the release of the coin, and then you have lots of years after with more coins to have more profit. Furthermore it is a move of genius to be able to sell the genesis addresses, so when you don't want it anymore, you can just sell it, perfect move!

16  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Minereum - First Self Mining Smart Contract - ARTEMINE ICO SOON on: September 01, 2017, 06:40:37 PM
That is a bit hard ofc, but here are my thoughts.

If you have the same amount as the white paper says as reward, it is a risk that the wast majority of the coins that are in existence are from the mining. That will likely scare of many investors In the ICO, since they will not have a big part of the coin supply. And the key here to my opinion is that this is Not MNE, that was an airdrop, in ARTEMINE, people actually pays to get this coin and have value.

If you lower the reward, then the supply in the beginning will be increased by the public mining, but not in any numbers that would scare of investors. Furthermore the price point is more in line with the supply of the coin in the early stages. I do also think that the Gwei cost will become Lower in the future, since the network is growing, and will evolve.

Lastly, I do think that the public mining is impossible to have as a feature that will be used in the long run, it will be used in the beginning when the supply is low, and in the future when the price is higher then the cost of the mining.

So, I think the idea to lower the reward is a good idea!



My friend, it takes 60 years to mine every coin you paid for. How many people do you think are willing to spend 500$ (100 MNE) to buy 10.000 ART if it takes over a year to get break even?


Well if it take over a year to break even, he'll even two years.. That means you still got 58 years of profit.... Sounds good to me

Well, if he lowers the reward, the price will be much higher! It will not take a year! But nothing is certain, none of us can for sure make a bullet prof prediction.
17  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Minereum - First Self Mining Smart Contract - ARTEMINE ICO SOON on: September 01, 2017, 05:17:20 PM
It will be way best now just to promote the upcoming ICO and not speculate about prices.
Prices will be decided by the market once the ICO is successfull, so please focus on that first instead of this.

It is very relevant, since the future price might be decided by the features of the coin.
18  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Minereum - First Self Mining Smart Contract - ARTEMINE ICO SOON on: September 01, 2017, 05:14:01 PM
That is a bit hard ofc, but here are my thoughts.

If you have the same amount as the white paper says as reward, it is a risk that the wast majority of the coins that are in existence are from the mining. That will likely scare of many investors In the ICO, since they will not have a big part of the coin supply. And the key here to my opinion is that this is Not MNE, that was an airdrop, in ARTEMINE, people actually pays to get this coin and have value.

If you lower the reward, then the supply in the beginning will be increased by the public mining, but not in any numbers that would scare of investors. Furthermore the price point is more in line with the supply of the coin in the early stages. I do also think that the Gwei cost will become Lower in the future, since the network is growing, and will evolve.

Lastly, I do think that the public mining is impossible to have as a feature that will be used in the long run, it will be used in the beginning when the supply is low, and in the future when the price is higher then the cost of the mining.

So, I think the idea to lower the reward is a good idea!
19  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Minereum - First Self Mining Smart Contract - ARTEMINE ICO SOON on: September 01, 2017, 09:18:02 AM
So, now I have really thought about what you write in the white paper, and made some math you can think about.

Lets assume that ETH value is 400 dollars. And the Gas about 50 000. The lowest gwei you can use, is like 0,5 now. That would mean that the cost is 0.000025 ETH, or 0,01 dollars, to get about 0,00032 ARTE. So to get the value for 1 ARTE, 1/0,00032 *0,01= 31,25 dollars per coin.
So, there will surely be bots to call that function, and mine the coin.

So, lets assume that you pay 100 MNE, or 10 ETH, and get 10000 ARTE, during the first year you would get 0,432*365=157,68.
That would give the dollar value, 157,68*31,25=4927,5 dollar.
Assuming you bought the first day of the ICO, and payed in in ETH, you payed 4000 dollars.

The total amount of coins that can me made with public mining is 512000. This is calculated by the total amount of  times the function can be called multiplied by the average number of coins made by the function. I here divide by 2, since the average value will be half of the original number.  3200000000*0,00032/2


So, That predicted value is off based on a couple of wrong assumptions:
1: That people would mine, and then sell at the same value. That would off course be a bit stupid, so the predicted value would ofc be higher.
2: That the price would not drop under the public mining cost, it could of course do that, and make that function useless.
3: That the cost for mining 1 ARTE will me constant. It will not since you get a bit less for every time you call the function.

So my prediction is that the Value of the coin will be higher then 31,25 dollars, and it will be a fight among people to mine it until it will eventually stop, when the amount of coins*the value of the coin is less then the current cost to mine it. And every time the price get higher, the mining process will start again.

Please let me know you thoughts about my calculations, have I made this correct? What are your thoughts about it?







Hey, a mathematician !? 100MNE = 400$ Huh

well right now yes, but since you can buy ARTEMINE in both ETH and MNE in 1/10 ratio, and the value of Ether is around 400 dollars, the value should be around the same.
But I don´t know where you got the 400 dollars per MNE from in my calculation.

Well, that is the assumption in the developers whitepaper, based on the ratio. If you pay less, since you have bought your MNE cheaper, you the calculation is even better! I calculated the maximum you would have to pay.
20  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] Minereum - First Self Mining Smart Contract - ARTEMINE ICO SOON on: September 01, 2017, 08:42:38 AM
So, now I have really thought about what you write in the white paper, and made some math you can think about.

Lets assume that ETH value is 400 dollars. And the Gas about 50 000. The lowest gwei you can use, is like 0,5 now. That would mean that the cost is 0.000025 ETH, or 0,01 dollars, to get about 0,00032 ARTE. So to get the value for 1 ARTE, 1/0,00032 *0,01= 31,25 dollars per coin.
So, there will surely be bots to call that function, and mine the coin.

So, lets assume that you pay 100 MNE, or 10 ETH, and get 10000 ARTE, during the first year you would get 0,432*365=157,68.
That would give the dollar value, 157,68*31,25=4927,5 dollar.
Assuming you bought the first day of the ICO, and payed in in ETH, you payed 4000 dollars.

The total amount of coins that can me made with public mining is 512000. This is calculated by the total amount of  times the function can be called multiplied by the average number of coins made by the function. I here divide by 2, since the average value will be half of the original number.  3200000000*0,00032/2


So, That predicted value is off based on a couple of wrong assumptions:
1: That people would mine, and then sell at the same value. That would off course be a bit stupid, so the predicted value would ofc be higher.
2: That the price would not drop under the public mining cost, it could of course do that, and make that function useless.
3: That the cost for mining 1 ARTE will me constant. It will not since you get a bit less for every time you call the function.

So my prediction is that the Value of the coin will be higher then 31,25 dollars, and it will be a fight among people to mine it until it will eventually stop, when the amount of coins*the value of the coin is less then the current cost to mine it. And every time the price get higher, the mining process will start again.

Please let me know you thoughts about my calculations, have I made this correct? What are your thoughts about it?







Hey, a mathematician !? 100MNE = 400$ Huh

well right now yes, but since you can buy ARTEMINE in both ETH and MNE in 1/10 ratio, and the value of Ether is around 400 dollars, the value should be around the same.
But I don´t know where you got the 400 dollars per MNE from in my calculation.
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