shimlbit
Legendary
 Offline
Activity: 1302
Merit: 1001
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May 09, 2015, 09:38:43 PM |
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Update: Arbitrage Flowchart: Thank you all for participating in this Dynamic Proof-of-Stake period, as the largest blocks come to an end, there will be another 15,000 blocks before we transition to a standard 'interest' rate. Moving forward, we are working to release our Graph Trade Engine Protocol which will be accessed through the online wallet. This feature will allow individuals to leverage their Graph Coins to generate BTC profits trading between exchanges. During the beta test period, the online wallet will burn 10% of the profit generated through arbitrage in Graph Coins. This means if you make .03 BTC on a trade, you will burn .003BTC worth of Graph Coins. This will reward arbitrage users by allowing them to profit, while lowering the total Graph Coins in existence.
As we move forward with the Auxiliary Proof-of-Stake technology, the entire PoS rewards structure will change to reward GraphCoin holders even more. There will be a flowchart for this released tomorrow.wow nice...looking forward to this |
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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tx42
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May 09, 2015, 09:46:44 PM |
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Update: Arbitrage Flowchart: Thank you all for participating in this Dynamic Proof-of-Stake period, as the largest blocks come to an end, there will be another 15,000 blocks before we transition to a standard 'interest' rate. Moving forward, we are working to release our Graph Trade Engine Protocol which will be accessed through the online wallet. This feature will allow individuals to leverage their Graph Coins to generate BTC profits trading between exchanges. During the beta test period, the online wallet will burn 10% of the profit generated through arbitrage in Graph Coins. This means if you make .03 BTC on a trade, you will burn .003BTC worth of Graph Coins. This will reward arbitrage users by allowing them to profit, while lowering the total Graph Coins in existence.
As we move forward with the Auxiliary Proof-of-Stake technology, the entire PoS rewards structure will change to reward GraphCoin holders even more. There will be a flowchart for this released tomorrow.It looks like the profit sharing is not decentralized. Users have to send coins to the online wallet that's not in their control. Then they have to wait for the arbitrage to be executed and then expect payouts from those who executed the arbitrage. Then the user's coins will be burnt? That's a lot of trust. |
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GraphDev (OP)
Newbie
Offline
Activity: 42
Merit: 0
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May 09, 2015, 10:00:00 PM |
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Update: Arbitrage Flowchart: Thank you all for participating in this Dynamic Proof-of-Stake period, as the largest blocks come to an end, there will be another 15,000 blocks before we transition to a standard 'interest' rate. Moving forward, we are working to release our Graph Trade Engine Protocol which will be accessed through the online wallet. This feature will allow individuals to leverage their Graph Coins to generate BTC profits trading between exchanges. During the beta test period, the online wallet will burn 10% of the profit generated through arbitrage in Graph Coins. This means if you make .03 BTC on a trade, you will burn .003BTC worth of Graph Coins. This will reward arbitrage users by allowing them to profit, while lowering the total Graph Coins in existence.
As we move forward with the Auxiliary Proof-of-Stake technology, the entire PoS rewards structure will change to reward GraphCoin holders even more. There will be a flowchart for this released tomorrow.It looks like the profit sharing is not decentralized. Users have to send coins to the online wallet that's not in their control. Then they have to wait for the arbitrage to be executed and then expect payouts from those who executed the arbitrage. Then the user's coins will be burnt? That's a lot of trust. Yes, it's an 'in and out' system where you will require some Graph Coins to fund the burning process. The altcoins don't cycle through the online wallet, that all happens on the exchange end of things. If you manually click 'execute' on a trade, it will tell you how many estimated Graph Coins you will require in the online wallet. If you leave it on automatic, it's best to leave a few coins in reserve. We are not talking large sums of BTC value in Graph. If your goal is to to make .1BTC in arbitrage, and the market has the opportunities available to achieve this, you will need .01BTC worth of Graph Coins. At this time, that's about 120 Graph Coins on the online wallet. This functionality is also optional, the online wallet is not a storage solution, that's what the QT is for. |
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racer2012
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May 09, 2015, 10:18:50 PM |
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Update: Arbitrage Flowchart: Thank you all for participating in this Dynamic Proof-of-Stake period, as the largest blocks come to an end, there will be another 15,000 blocks before we transition to a standard 'interest' rate. Moving forward, we are working to release our Graph Trade Engine Protocol which will be accessed through the online wallet. This feature will allow individuals to leverage their Graph Coins to generate BTC profits trading between exchanges. During the beta test period, the online wallet will burn 10% of the profit generated through arbitrage in Graph Coins. This means if you make .03 BTC on a trade, you will burn .003BTC worth of Graph Coins. This will reward arbitrage users by allowing them to profit, while lowering the total Graph Coins in existence.
As we move forward with the Auxiliary Proof-of-Stake technology, the entire PoS rewards structure will change to reward GraphCoin holders even more. There will be a flowchart for this released tomorrow.It looks like the profit sharing is not decentralized. Users have to send coins to the online wallet that's not in their control. Then they have to wait for the arbitrage to be executed and then expect payouts from those who executed the arbitrage. Then the user's coins will be burnt? That's a lot of trust. Yes, it's an 'in and out' system where you will require some Graph Coins to fund the burning process. The altcoins don't cycle through the online wallet, that all happens on the exchange end of things. If you manually click 'execute' on a trade, it will tell you how many estimated Graph Coins you will require in the online wallet. If you leave it on automatic, it's best to leave a few coins in reserve. We are not talking large sums of BTC value in Graph. If your goal is to to make .1BTC in arbitrage, and the market has the opportunities available to achieve this, you will need .01BTC worth of Graph Coins. At this time, that's about 120 Graph Coins on the online wallet. This functionality is also optional, the online wallet is not a storage solution, that's what the QT is for. What a brilliant idea Can't wait to use it Patience... |
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sofu
Legendary
Offline
Activity: 1890
Merit: 1085
Degenerate Crypto Gambler
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May 09, 2015, 10:20:36 PM |
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darwin72
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May 09, 2015, 10:39:56 PM
Last edit: May 09, 2015, 10:57:45 PM by darwin72 |
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So if i don't have any bitcoin on the exchange i cant play!
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GraphDev (OP)
Newbie
Offline
Activity: 42
Merit: 0
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May 09, 2015, 10:49:52 PM |
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So to make this we have to send our GHP to online wallet on the website?
Once the beta starts you can try it, until then, your best bet is to stake your coins in the QT wallet. |
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darwin72
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May 09, 2015, 10:58:47 PM |
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So to make this we have to send our GHP to online wallet on the website?
Once the beta starts you can try it, until then, your best bet is to stake your coins in the QT wallet. i think i was one the first started to stake the coin into the wallet! I think it's ver |
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fonzerrellie
Legendary
Offline
Activity: 1190
Merit: 1000
Kaspa
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May 09, 2015, 11:12:32 PM |
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wow neat stuff,
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#Expanse $EXP 500 transactions 4 .1 EXP 1st Clone of ETH
WAVES
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crazytrain
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May 10, 2015, 12:04:17 AM |
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So to make this we have to send our GHP to online wallet on the website?
Once the beta starts you can try it, until then, your best bet is to stake your coins in the QT wallet. can´t wait. |
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megadestruct61
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May 10, 2015, 01:48:04 AM |
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Anyone heard anything from bittrex? My withdrawl says completed but never came thru for like 6 hours now. I want to be staking those coins bittrex!
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fonzerrellie
Legendary
Offline
Activity: 1190
Merit: 1000
Kaspa
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May 10, 2015, 02:08:46 AM |
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Anyone heard anything from bittrex? My withdrawl says completed but never came thru for like 6 hours now. I want to be staking those coins bittrex!
maybe thats the same thought they had  |
#Expanse $EXP 500 transactions 4 .1 EXP 1st Clone of ETH
WAVES
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megadestruct61
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May 10, 2015, 02:14:54 AM |
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Anyone heard anything from bittrex? My withdrawl says completed but never came thru for like 6 hours now. I want to be staking those coins bittrex!
maybe thats the same thought they had Ya this is what I wonder and don't like!! Bastardos! |
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megadestruct61
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May 10, 2015, 02:25:55 AM |
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Anyone heard anything from bittrex? My withdrawl says completed but never came thru for like 6 hours now. I want to be staking those coins bittrex!
maybe thats the same thought they had Ya this is what I wonder and don't like!! Bastardos! Hey maybe they saw this thread and were like oh we better send out the coins cuz my transaction just came thru!  |
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GraphDev (OP)
Newbie
Offline
Activity: 42
Merit: 0
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May 10, 2015, 03:23:26 AM |
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Tomorrow we will release our flowchart that explains the Auxiliary Proof-of-Stake system, along with an updated wallet with built in statistics.
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PoopieLaxitive31
Member
Offline
Activity: 75
Merit: 10
Pushing real hard!
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May 10, 2015, 03:34:39 AM |
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Tomorrow we will release our flowchart that explains the Auxiliary Proof-of-Stake system, along with an updated wallet with built in statistics.
Good to hear dev! |
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racer2012
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May 10, 2015, 04:34:44 AM |
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Anyone heard anything from bittrex? My withdrawl says completed but never came thru for like 6 hours now. I want to be staking those coins bittrex!
maybe thats the same thought they had Ya this is what I wonder and don't like!! Bastardos! Hey maybe they saw this thread and were like oh we better send out the coins cuz my transaction just came thru! My transaction came too Received my coins and it's staking |
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VampiricElder
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May 10, 2015, 06:05:32 AM |
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Hey dev what is the proposed timeframe for the final release?
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Altprince
Member
Offline
Activity: 68
Merit: 10
Stay calm. The prince is here.
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May 10, 2015, 06:13:03 AM
Last edit: May 10, 2015, 06:27:13 AM by Altprince |
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Bittrex just updated to the new site again with the distribution. I think Graphcoin holders will be very pleased   As you can see there is extremely few coins on the exchange, I personally have never seen this low % off the supply before. It's around 10% of the supply, and the rest is in wallets. Thats pretty amazing  Update: Second place withdraw, so no there is even less |
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VampiricElder
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May 10, 2015, 06:39:07 AM |
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Less supply = more demand. I expect this coin to double in price over the next week
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