net hash on bitcoin mining 1,05 EH/S damn and people still pointing there miners there
Well done for Cryptopia. And yep that's why I think Evotion's chain is better even if we had that much Proof of work Hash pointing at us the blockchain would still continue to run smoothly due to pos and how fast it is that's my opinion of course. totally agree, POS is running very smoothly. would like to see serious hashpower to stress test evotion though.
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Today is the day, but something is still missing
No it's not, final adjustments are being made to the signatures as they are not 100% compatible with all rankings cool, count me in..
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The math that is supposed to be supporting this coin is complete shit. Please explain your thoughts on the following.
a.) If 50 btc worth of loans are given out... that's 50,000 BNT as collateral or only 0.06% of supply. If we have a thought experiment and say none of these loans are paid back, and ALL of the collateral is burned, it would still leave 99.94% of the coins which can be dumped on Bittrex Exchange. The coin is not backed by the loans at all if the entire loan system can fail and have zero effect on the supply or the BNT/BTC market.
b.) There are 40 BNT mined per block, so miners can continue dumping for a long time. Selling pressure will remain high if whales do not come in and pump-N-dump it.
c.) Five percent interest is not a lot of revenue. If only a very small portion of loans fail to be repaid, it would more than negate all of the revenue from every other loan. -- You loan 50 BTC out at 0.2 BTC per person. 250 people get a loan, and you hope to gain 5% on that 50 BTC which would be 2.5 BTC profit. For this system to work, you would need more than 95% of loans to repay in full, plus interest. If 96% of people repay their loans, you would only profit 0.5 BTC of the 2.5 BTC you originally were fighting for. The 96% number I also personally find impossible when looking at BTC loan competitor sites like BTCJam.
If less than 95% of people who receive a loan pay it back, you have zero revenue coming in to support the buying price and are also losing some of the 50 BTC originally budgeted. On a long term, either something is missing in this equation or the coin is doomed to fail. Please enlighten us devs?
@BantamSystems correct me if i am wrong but i will try to answer some of this question from what i saw: a.) your math is wrong, here's why: in first round i did put 2000BNT collateral and need to keep min 1000BNT locked in wallet for 0.2BTC loan. let say you get for 10000BNT (probably 20000BNT+) and need to keep 1000BNT locked for 1BTC that makes 50BTC loan worth 550000BNT / 500000 collateral and 50000 locked / that's 70-80% of currently available supply if you don't count Bantam reserve.. b.) also wrong: there are atm 24033 mined POW/POS Blocks * 45BNT/block makes total 1081485BNTposible but because of the POS eating POW blocks there are -30%+ less Coins mined.. currently at 726106BNT total meaning 355000BNT less than possible. as POS continues there will be even less coins mined. again if you don't count Bantam reserve. c.) all depends how valuable BNT will become, it could be a good business for BantamSystem -t
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Thanks for quoting the image Is your explorer still running? I can't remember the address for it Website will be online tonight yes its running http://108.61.166.33:3001/
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Voting won on Cryptopia!!
Awsome work guys
PS;
i asked how long it wil take before a winner gets listed on cryptopia. Answer from a mod
fairlady: @klaasje, sometimes it can take anywhere from 1-2 weeks or it could be only a few days or less, the guys are very busy all the time, but it will get done asap
good job klaasje. Bravo
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yea i was searching and was gone..
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I was taken aback by "Simply post your request in this thread...". I guess that means you simply couldn't implement a request and collateral mechanism inside the client itself instead of hosting it on a potentially moderated centralized thread which really sound silly.
i guess it's all about better exposure and minimizing the risk of misuse of the service by recording requests publicly. i agree, as bantam appreciates in value there should be in wallet mechanism to automate the process. it could work.
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1900 sats and moving lower.
placebo nailed by the SpliffCoin dev https://bitcointalk.org/index.php?topic=1312088.msg13431307#msg13431307 Development Funds - 75000 SPL
Is there a escrow for it? I want to hold those fonds for the first year and i will release it in 2017.
Hey I know you. You are that guy who screams moooooon all over the place. You also held one or two ico's yourself. With both projects almost dead. So no thank you. We are planning to make something out of this coin. If you paid attention, you would have noticed we already setup a few bounties. So no reason to send the premine to an escrow. Instead, why don't you pay us your ICO BTC, so we will manage it for you! And only spend it on your coin developments? Better yet, you should post in every ICO coin thread that you are willing to escrow the raised BTC funds for a year!
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Happy new Year Block explorer not working. yes happy new year all block explorer is down atm because some server issues, it will be up soon. msg from provider. "There is a problem with the machine your VM is hosted on. Our staff are currently investigating, and will have the issue resolved ASAP." btw. i will keep server running whole january on my own cost. after that it depends if i get some donations to keep it running or maybe you guys will figure something else.. opes: oXiKMmX4BRQeZ2yKveA59c8HYz2KWm16Xp btc: 1ERmj9CWV46HrgrJePfjVQKKTyj2FjfZz thx explorer is back online http://104.238.173.4:3001/
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Happy new Year Block explorer not working. yes happy new year all block explorer is down atm because some server issues, it will be up soon. msg from provider. "There is a problem with the machine your VM is hosted on. Our staff are currently investigating, and will have the issue resolved ASAP." btw. i will keep server running whole january on my own cost. after that it depends if i get some donations to keep it running or maybe you guys will figure something else.. opes: oXiKMmX4BRQeZ2yKveA59c8HYz2KWm16Xp btc: 1ERmj9CWV46HrgrJePfjVQKKTyj2FjfZz thx done, please check your pm. Please reply to my PM regarding the block explorer
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Happy new Year Block explorer not working. yes happy new year all block explorer is down atm because some server issues, it will be up soon. msg from provider. "There is a problem with the machine your VM is hosted on. Our staff are currently investigating, and will have the issue resolved ASAP." btw. i will keep server running whole january on my own cost. after that it depends if i get some donations to keep it running or maybe you guys will figure something else.. opes: oXiKMmX4BRQeZ2yKveA59c8HYz2KWm16Xp btc: 1ERmj9CWV46HrgrJePfjVQKKTyj2FjfZz thx
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Wow there is nearly 80 btc of volume on Bittrex. That is obviously fake volume to promote the coin. One question, if you can afford to buy enough of this coin for the pledge and the holdings why not just go buy some bitcoin instead ??
why not have both?
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to me it is simple if you want loan and have bnt you come here and ask for loan if loans are open if you do not need loan then this coin not for you
price high, sell at exchange price low, take loan buy more bnt at cheap price then sell higher price and repay loan and take profit like as if you shorted, only a smart person will understand it if you do not then you should not involve i think, leave us here who know it
word
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thanks a lot
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we're added to the voting at Cryptopia. Go Vote!
That whas days ago lol And let's even add the fact that this fact is on the top of this exact page (If my post doesn't make another page) so it backfires twice, anyway seems that the objective is almost reached because with the DOT voting and there are only 25k votes to reach the first place and if somebody votes again it will be listed and is so sad that on the community voting it have only 6 votes i have put up 85k dot as well we #1 now this guy's from Genstake(G3N) are really struggling to win race against EVO, i already voted can anyone add some more DOTs so we can win this race? https://bitcointalk.org/index.php?topic=1205536.msg13375717#msg13375717
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2500 OPES bounty for a block explorer!
got one running http://104.238.173.4:3001/ofBbdLQpNAL3Y1AbGBjUJnEcRV5pUezWKs thanks merry christmas everyone.
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hi dev, would like to request a loan == BEGIN PLAINTEXT MESSAGE == Me, trader19, guarantee that these are my BNT holdings: 4,219.58352649 BNT. I pledge 2,000 BNT and will hold 1,000 BNT in wallet.
Purpose of the loan: To help demonstrate how BNT will work to forum users and might as well take some time to 'invest' in shitcoins. :)
Repayment: Will repay within 30 days in installments of 4x 0.0525 BTC every 7days starting with 02.01.2016 == END PLAINTEXT MESSAGE == Signed with Bantam address BByBDzmf9qRo9fejJMhdo4rQN7AfH4TW2d: IAsQwBiLznEieiP32UFRZ3DhV05xqsbb+cIonZG8qmU4d9yLVCHS3nCmYQ1pemc89tWreFGolefbSrr6yZq8UJI= EDIT: BTC address on PM Application denied. Must be a unique application with genuine reasoning and repayment plan. As well as 'your own' addresses We do read and verify these things Thanks oh i see i did mistake copy pasting full message of Pyramusx and didn't match my signet message. so i am placing another request hoping it won't get denied this time: == BEGIN PLAINTEXT MESSAGE == Me, trader19, guarantee that these are my BNT holdings: 4,219.58352649 BNT. I pledge 2,000 BNT and will hold 1,000 BNT in wallet.
Purpose of the loan: for trading purposes.
Repayment: Will repay within 30 days in installments of 0.0525 BTC every 7days starting with 01.01.2016 following 08.01.2016 and 15.01.2016 ending 22.01.2016. == END PLAINTEXT MESSAGE == Signed with Bantam address BByBDzmf9qRo9fejJMhdo4rQN7AfH4TW2d: ID80YIiHA2TbwcOCSlRAqOZ6FY61Pkl48SLHQU0CrIu/dtnq7B7tR+pGS7lHhmj3EP4q/dD05yHWFb/NR4KtkV8=
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hi dev, would like to request a loan == BEGIN PLAINTEXT MESSAGE == Me, trader19, guarantee that these are my BNT holdings: 4,219.58352649 BNT. I pledge 2,000 BNT and will hold 1,000 BNT in wallet.
Purpose of the loan: To help demonstrate how BNT will work to forum users and might as well take some time to 'invest' in shitcoins. :)
Repayment: Will repay within 30 days in installments of 4x 0.0525 BTC every 7days starting with 02.01.2016 == END PLAINTEXT MESSAGE == Signed with Bantam address BByBDzmf9qRo9fejJMhdo4rQN7AfH4TW2d: IAsQwBiLznEieiP32UFRZ3DhV05xqsbb+cIonZG8qmU4d9yLVCHS3nCmYQ1pemc89tWreFGolefbSrr6yZq8UJI= EDIT: BTC address on PM
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