[ANN] HORIZON (HZ) New ANN thread

[iRaf]

I don't see your node on my peers lists...


-MarkM-

Thanks for letting me know. Fixed.

[iRaf]

Horizon's block explorer has been moved to: https://horizon.blockspotter.com

[iRaf]

Block explorer moved to a new, .org domain. Made a few changes and the website is faster and easier for me to update.

https://horizon.blockspotter.org

The price of HZ has also gone up a bit, which is nice.

[markm]

Probably more useful than the usually-empty list of transactions that occurred within last ten blocks would be a list of the last ten transactions regardless of how long ago they happened.

Better than either maybe would be to compute both and show whichever of the two results in the most transactions to show, or show both.

Doing this would likely lately result in showing most transactions consist of General Mining Corp paying intergalactic mining Corps for DEUterium deliveries and from time to time buying back its GMC currency with shares of GMC Financial (GMCF).


-MarkM-

[iRaf]

Probably more useful than the usually-empty list of transactions that occurred within last ten blocks would be a list of the last ten transactions regardless of how long ago they happened.

Better than either maybe would be to compute both and show whichever of the two results in the most transactions to show, or show both.

Doing this would likely lately result in showing most transactions consist of General Mining Corp paying intergalactic mining Corps for DEUterium deliveries and from time to time buying back its GMC currency with shares of GMC Financial (GMCF).


-MarkM-

Thanks for the input! The website is now showing both results.

In what way is the General Mining Corp paying other corps? It seems like most of the recent transactions on Horizon have been of "Balance Leasing" type.

[markm]

I am still running Ubuntu 18.04 albeit I get firefox direct from firefox's own repo since the old Ubuntu one is out of date; but whatever, react shows error not the new data and seems to be saying the error is on the browser side though it seems to be react not firefox that is saying so.

Copy-paste seems disabled in firefox's about page so cannot paste its details.


-MarkM-

EDIT: Tried again, now I see it though it isn't saying what assets were transferred. https://horizon.blockspotter.org/account/NHZ-TUU4-8BYK-CB8Q-5ARTG

That is GMC's main "slush fund", it mostly manages to pay using its own GMC (HZGMC on HORIZON) asset since it usually manages to buy lots of it back from some of the recipients using shares of GMCF (GMC Financial) to whom a lot of the beneficiaries are still paying-off their startup loans. Fpr Corps with such debts their payments for deliveries go direct to whichever finance Corp their debt is with.

[iRaf]

I am still running Ubuntu 18.04 albeit I get firefox direct from firefox's own repo since the old Ubuntu one is out of date; but whatever, react shows error not the new data and seems to be saying the error is on the browser side though it seems to be react not firefox that is saying so.

Copy-paste seems disabled in firefox's about page so cannot paste its details.


-MarkM-

EDIT: Tried again, now I see it though it isn't saying what assets were transferred. https://horizon.blockspotter.org/account/NHZ-TUU4-8BYK-CB8Q-5ARTG

That is GMC's main "slush fund", it mostly manages to pay using its own GMC (HZGMC on HORIZON) asset since it usually manages to buy lots of it back from some of the recipients using shares of GMCF (GMC Financial) to whom a lot of the beneficiaries are still paying-off their startup loans. Fpr Corps with such debts their payments for deliveries go direct to whichever finance Corp their debt is with.

Sorry for the late reply. You can see what assets were transferred by clicking on the transaction ID, for more in depth transaction details.

Last tx coming from GMC's main slush fund: https://horizon.blockspotter.org/transaction/13269567179650769655

[markm]

Oh good!

I think that is a payment from GMC slush fund to GMCF slush fund on behalf of one of the intergalactic mining Corps whose debt is with GMCF.

Initially GMCF's shares were held mostly by GMC rather than by GMCF's own slush fund, so that GMCF is one of the finance Corps from which GMC periodically buys back its GMC currency using shares of GMCF so that it can re-use the GMC currency to continue paying for the DEUterium deliveries.

Some future year the stockpiles of DEUterium will presumably start being used as currency backing commodity, both GMC and GRF have a deuterium token already created to represent DEUterium deliverable from their respective storage depots so one will choose to use GMCDEU or GRFDEU tokens depending on which Corp's depots you intend to have the actual commodity eventually delivered from.

Presumably the profit in that scheme will be the delivery fees unless they also end up floating the price instead of simply using the computed values regularly posted at https://galaxies.mygamesonline.org/deuterium.html

The finance Corps typically accumulate loan payments in their slush funds rather than putting them into their "treasuries", as they all still hope to buy up some of the debtor Corps for themselves if they can accumulate enough to pay off some Corp's loans themselves... indeed some of the Finance Corps already own outright one or more such mining Corps.

Like so much other game assets, typically owned mining Corps are NOT included in the "treasuries" of their owners, so such cases are yet another example of the massive underestimation of value the "treasuries" system deliberately accomplishes by design; if you don't know whether, or how many, other Corps a given Corp fully controls you are not really seeing the full value of the thing.

Which is useful in helping keep the calculated values calculated from the "treasuries" deliberately low.

Which in turn is useful because "spot markets" are so ridiculously crappy and "inefficient" at in any way indicating even vaguely any kind of intrinsic value.

Deliberately designing the calculated values to be under-estimations helps keep it likely that the assets are most likely "really" ("intrinsically") worth more than the "spot markets" indicate.


-MarkM-

[iRaf]

Oh good!

I think that is a payment from GMC slush fund to GMCF slush fund on behalf of one of the intergalactic mining Corps whose debt is with GMCF.

Initially GMCF's shares were held mostly by GMC rather than by GMCF's own slush fund, so that GMCF is one of the finance Corps from which GMC periodically buys back its GMC currency using shares of GMCF so that it can re-use the GMC currency to continue paying for the DEUterium deliveries.

Some future year the stockpiles of DEUterium will presumably start being used as currency backing commodity, both GMC and GRF have a deuterium token already created to represent DEUterium deliverable from their respective storage depots so one will choose to use GMCDEU or GRFDEU tokens depending on which Corp's depots you intend to have the actual commodity eventually delivered from.

Presumably the profit in that scheme will be the delivery fees unless they also end up floating the price instead of simply using the computed values regularly posted at https://galaxies.mygamesonline.org/deuterium.html

The finance Corps typically accumulate loan payments in their slush funds rather than putting them into their "treasuries", as they all still hope to buy up some of the debtor Corps for themselves if they can accumulate enough to pay off some Corp's loans themselves... indeed some of the Finance Corps already own outright one or more such mining Corps.

Like so much other game assets, typically owned mining Corps are NOT included in the "treasuries" of their owners, so such cases are yet another example of the massive underestimation of value the "treasuries" system deliberately accomplishes by design; if you don't know whether, or how many, other Corps a given Corp fully controls you are not really seeing the full value of the thing.

Which is useful in helping keep the calculated values calculated from the "treasuries" deliberately low.

Which in turn is useful because "spot markets" are so ridiculously crappy and "inefficient" at in any way indicating even vaguely any kind of intrinsic value.

Deliberately disigning the calculated values to be under-estimations helps keep it likely that the assets are most likely "really" ("intrinsically") worth more than the "spot markets" indicate.


-MarkM-

Interesting. So, these Corps could be sitting on a pile of gold but on paper they don't look as good. Doesn't that help them buy back their currencies at a much lower price?

[markm]

Interesting. So, these Corps could be sitting on a pile of gold but on paper they don't look as good. Doesn't that help them buy back their currencies at a much lower price?

It ought to, absolutely.

Basically it makes spot markets tend to be places to pick up assets cheap by building a buy-side and waiting for "dumpers" to "dump" onto your buy offers.

However sites like CoinMarketCap, CoinGecko and suchlike tend to look at the buy-side to come up with their estimate of what an asset is worth, so there is still incentive to try to build your buy-side upward, also one cannot just arbitrarily pump stuff into one's "treasury" since the calculation of value based on "treasury" doesn't actually directly look at the "treasury" account, rather it calculates from the game's record of what it has officially put into the treasury; so there is no point secretly sneaking stuff into your treasury as it won't count unless the game's own records record the addition to the treasury, so basically we can simply not let folk "officially" add to their treasury if their spot market prices have not managed to at least make a decent showing toward getting up close to their calculated value and managing to stay there through whatever "dumps" the increase in their spot market prices triggers...

So presumably the approach to take ought to be to first use one's slush funds to build up the buy side on the spot market at least close to the calculated price and keep it there a while and only then propose officially adding some stuff from one's slush funds into one's treasury.

That in turn of course also provides incentive to add into your treasury things whose own calculated value tends upwards over time, so that one can expect one's treasury to grow in value even if one is unable to add more stuff into it for a while due to having trouble building up one's spot market prices...


-MarkM-

[markm]

The explorer's last block seen was a day ago...


-MarkM-


EDIT: I am adding NDL, Noodly Appendage Coin, the Flying Spaghetti Monster coin, so was hoping to be able to post in its thread explorer links to its Reserves account (aka treasury) and its Slush Fund account...

[iRaf]

Thanks for letting me know. My Horizon program needed a reset. It's now up to latest block.

Here's the new asset: https://horizon.blockspotter.org/asset/10631899029990721072