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Author Topic: [GAM] Gambit | Private Trading Group | Custom Trading Indicators | Supply Burn  (Read 178599 times)
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kryptologist
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June 02, 2015, 04:39:14 PM
 #241

Below ICO, yikes. Most likely the dev dumping some of his FREE coins. Red flag if you ask me. I'm not gonna get involved.
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June 02, 2015, 04:43:29 PM
 #242

Below ICO, yikes. Most likely the dev dumping some of his FREE coins. Red flag if you ask me. I'm not gonna get involved.
It doesn't mean nothing going under ICO price. It's not a red flag


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Pito001
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June 02, 2015, 05:03:33 PM
 #243

Below ICO, yikes. Most likely the dev dumping some of his FREE coins. Red flag if you ask me. I'm not gonna get involved.

 
Yes, clearly the dev dumped a few BTC to scam us all after receiving about 200 BTC from ICO. HUGE red flag! Fail to troll much? Cheesy Cheesy
The derp is strong with this one...  Roll Eyes

on a sidenote: It's a bit odd that my balance isn't in the explorer. It should be in the top... 30...ish  Cool and is staking as we speak.
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June 02, 2015, 05:55:38 PM
 #244

on a sidenote: It's a bit odd that my balance isn't in the explorer. It should be in the top... 30...ish  Cool and is staking as we speak.
If you are looking at the BitTrex distribution, then you are only seeing the amounts of the internal BitTrex wallets (this is the division of the balance of the BitTrex wallet itself)
You need to go to the block explorer, click on the "top 100" and you will see all balances on the GAM network, starting with the BitTrex wallet (which is still the largest one with around 1.3 Mio GAM) then the "burn" address which contains now 511k GAM and then the list of wallets that are staking GAM, starting from 88.5k down.
I presume that you have about 10k in your wallet (that is nr 30 on BitTrex distribution) so that makes your wallet sit on 17th or 18th position on the Gambit rich list.
Not that for people who hold balance on BitTrex as well as in a GAM wallet, their total is the addition of the two, also you can set up multiple addresses in your wallet and divide your balance between different addresses in the same wallet, so you can not always conclude what your position is on the rich list, except that you are not above a certain position.
But it still is nice to see your relative position on BitTrex and on the GAM network - I can find my exact wallet balance back on both,
but I took care to keep all my wallet balance in a single address.
You can enable "Coin Control" and inspect the addresses to which your inputs have been sent - since the number of inputs can run up to 500 this is not a simple task and it is likely that if you used the wallet to send amounts back and forth, that your wallet has split inputs and has now smaller amounts sitting on random wallet-generated addresses, especially if you split inputs in the very beginning to get your wallet's staking and more active with the GAM network, to avoid the max size GAM award.

SYNC: Sd3XBRmhrrr39Wj4rtjb3YAkwWvCze44BZ                    ORB: odyWi677JDQy7Gc6Nv6kCdnajmScqgTkDE       Honest pools (payout matching calculation):
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June 02, 2015, 06:12:35 PM
 #245

on a sidenote: It's a bit odd that my balance isn't in the explorer. It should be in the top... 30...ish  Cool and is staking as we speak.
If you are looking at the BitTrex distribution, then you are only seeing the amounts of the internal BitTrex wallets (this is the division of the balance of the BitTrex wallet itself)
You need to go to the block explorer, click on the "top 100" and you will see all balances on the GAM network, starting with the BitTrex wallet (which is still the largest one with around 1.3 Mio GAM) then the "burn" address which contains now 511k GAM and then the list of wallets that are staking GAM, starting from 88.5k down.
I presume that you have about 10k in your wallet (that is nr 30 on BitTrex distribution) so that makes your wallet sit on 17th or 18th position on the Gambit rich list.
Not that for people who hold balance on BitTrex as well as in a GAM wallet, their total is the addition of the two, also you can set up multiple addresses in your wallet and divide your balance between different addresses in the same wallet, so you can not always conclude what your position is on the rich list, except that you are not above a certain position.
But it still is nice to see your relative position on BitTrex and on the GAM network - I can find my exact wallet balance back on both,
but I took care to keep all my wallet balance in a single address.
You can enable "Coin Control" and inspect the addresses to which your inputs have been sent - since the number of inputs can run up to 500 this is not a simple task and it is likely that if you used the wallet to send amounts back and forth, that your wallet has split inputs and has now smaller amounts sitting on random wallet-generated addresses, especially if you split inputs in the very beginning to get your wallet's staking and more active with the GAM network, to avoid the max size GAM award.

Thanks for that explanation. As an enthusiast rather than a tech expert this mostly doesn't apply to me  Wink I have about 30k sitting in my wallet and some on Bittrex. Didn't want to give that away, but since you've gone trough all this trouble... Yet, there isn't a single balance on that top 100 list with 30K as shown below
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June 02, 2015, 06:41:07 PM
 #246

Below ICO, yikes. Most likely the dev dumping some of his FREE coins. Red flag if you ask me. I'm not gonna get involved.

 
Yes, clearly the dev dumped a few BTC to scam us all after receiving about 200 BTC from ICO. HUGE red flag! Fail to troll much? Cheesy Cheesy
The derp is strong with this one...  Roll Eyes

on a sidenote: It's a bit odd that my balance isn't in the explorer. It should be in the top... 30...ish  Cool and is staking as we speak.

The Rich list represents single addresses.

So if you've ever sent GAM from your wallet it creates change addresses.

This particular wallet also has advanced coin control (enable in preferences) if you ever want to see all your addresses.

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June 02, 2015, 07:47:19 PM
 #247

Thanks for that explanation. As an enthusiast rather than a tech expert this mostly doesn't apply to me  Wink I have about 30k sitting in my wallet and some on Bittrex. Didn't want to give that away, but since you've gone trough all this trouble... Yet, there isn't a single balance on that top 100 list with 30K
Probably your wallet's addresses are the one from nr 8 (29.8k) plus some change in addresses that occupy position between 50 and 60.
See that the rich list has only unique addresses, while your wallet can be using dozens of different addresses?
If you enable "Coin Control" in the preferences then your "Send Coins" tab gets an extra button "Inputs"
If you click that, you can inspect all individual chunks of coins in your wallet, including which address is used for each.
Here you can also select individual inputs and send them to another address in your wallet.
If the amount you are sending is not the same as the value of all selected inputs, then an input is broken in two and the "change" is sent to a random address in your wallet, or to the "Custom Change address" that you can configure. I have this set to my main wallet address,
so that change does not get sent to a random address, but only to my main wallet address.

SYNC: Sd3XBRmhrrr39Wj4rtjb3YAkwWvCze44BZ                    ORB: odyWi677JDQy7Gc6Nv6kCdnajmScqgTkDE       Honest pools (payout matching calculation):
TransferWise: International money transfer for 1%fee        Doge to the moon! D9FGY7Bhwbj2jrnk7v8VR47HTu7vfVu1gV         Nut2pools and Steadymining
Pito001
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June 03, 2015, 06:15:04 AM
 #248

Thanks for that explanation. As an enthusiast rather than a tech expert this mostly doesn't apply to me  Wink I have about 30k sitting in my wallet and some on Bittrex. Didn't want to give that away, but since you've gone trough all this trouble... Yet, there isn't a single balance on that top 100 list with 30K
Probably your wallet's addresses are the one from nr 8 (29.8k) plus some change in addresses that occupy position between 50 and 60.
See that the rich list has only unique addresses, while your wallet can be using dozens of different addresses?
If you enable "Coin Control" in the preferences then your "Send Coins" tab gets an extra button "Inputs"
If you click that, you can inspect all individual chunks of coins in your wallet, including which address is used for each.
Here you can also select individual inputs and send them to another address in your wallet.
If the amount you are sending is not the same as the value of all selected inputs, then an input is broken in two and the "change" is sent to a random address in your wallet, or to the "Custom Change address" that you can configure. I have this set to my main wallet address,
so that change does not get sent to a random address, but only to my main wallet address.

Good enough for me. I don't actually 'need' to see it on there... Was just wondering how this is possible. And there we go. Thanks!

go go Gambit  Cool
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June 03, 2015, 07:26:35 AM
 #249

From the block explorer, I see that the coin supply has now grown by 580 (total 2500580 including burned tokens) while my wallet has staked 113 new coins, almost 20% - even while I hold only a few percent of coins. From this, I conclude that:
- BitTrex (the largest wallet) is not staking - they are probably more concerned with keeping the wallet sync'ed and secure, rather than
staking more tokens
- Burned coins are not only not retrievable, they also do not stake
- not all wallets are online and staking, apparently some folks have withdrawn balance from BitTrex into their wallet and then closed
their wallet instead of keeping it online, so their balance is not participating in he staking
- the majority of the tokens in the private wallets *are* staking, approximately 70% of the 634k GAM in private wallets.
(With private wallets I mean everything except the BitTrex and the burned token wallets)

SYNC: Sd3XBRmhrrr39Wj4rtjb3YAkwWvCze44BZ                    ORB: odyWi677JDQy7Gc6Nv6kCdnajmScqgTkDE       Honest pools (payout matching calculation):
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June 03, 2015, 07:38:35 PM
 #250

I have a ~2BTC buy at 10K for anyone with ICO buyer's remorse Smiley
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June 03, 2015, 09:49:23 PM
 #251

I have a ~2BTC buy at 10K for anyone with ICO buyer's remorse Smiley
I see - it sounds more like you have remorse that you did not buy more at ICO ;-)
I already bought a bit more and I still have an offer open,
but not like the person who offers 21 BTC (!) for GAM at 7000 satt.
That one order alone (300k GAM) would be over 15% of the current available GAM tokens...

SYNC: Sd3XBRmhrrr39Wj4rtjb3YAkwWvCze44BZ                    ORB: odyWi677JDQy7Gc6Nv6kCdnajmScqgTkDE       Honest pools (payout matching calculation):
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June 04, 2015, 02:11:52 PM
 #252

Will there be further detail into the profitable and non-profitable trades from the spreadsheet?
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June 04, 2015, 08:18:21 PM
 #253

Yes, all of that will be posted when the trades have BTC following them.

1. We have updated the spreadsheet with a few more nominations that have come in.

2. We have created a new tab on the spreadsheet that contains information on the burned coins.


3. Since the last small update, we have burned another 945.071397 coins, bringing total deficit to 1611.95912 [~2300 burned coins minus 688 new tokens that were generated by proof of stake users who hold coins in their wallet].  For those unaware, make sure to download the wallet to store your coins locally, and you will stake free GAM tokens in return.

4. We are nearly finished reaching out to everyone, and there are ~16 total trades documented. Slow and steady wins the race.


Lastly:

What is everyone's opinion on setting up a slack channel for GAM?  Had some people request that we create one to make the dissemination of information easier.

Would everyone like completed trades to be tweeted on @GambitCrypto or have that account strictly be news updates?

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June 04, 2015, 09:58:23 PM
 #254

I'll ask one more time because my post was immediately deleted. I am serious about my question, it is not offensive in any way. Why was it deleted? anyhow...

Why did you guys give this guy 200 BTC? Is there anything exciting going on?

thanks

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June 04, 2015, 10:59:23 PM
 #255

I assume your post was deleted because you were asking someone else to take time out of their day to compensate for your laziness or unwillingness to read through the thread to find out what this project is about for yourself.

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June 04, 2015, 11:26:23 PM
 #256

Great update, dev, thanks!  I would like to see the Twitter account used for updating calls and updating on burned coins. Would make it a fun account to follow. Cheers.

I agree with this statement.

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June 04, 2015, 11:43:26 PM
 #257

Is there anything exciting going on?
Did you read the OP?
Everyone investing here expects a return on their investment from successful trades leading to buy pressure for burning coins,
increasing the value of the remaining coins. I think that is as simple as I can tell it - there is a lot more to it, you just need to
invest a little time to read the info that is presented here and you find your answer.
Unless of course, you did not come here to find answers but only to troll and spread negativity, then you won't find answers here.

SYNC: Sd3XBRmhrrr39Wj4rtjb3YAkwWvCze44BZ                    ORB: odyWi677JDQy7Gc6Nv6kCdnajmScqgTkDE       Honest pools (payout matching calculation):
TransferWise: International money transfer for 1%fee        Doge to the moon! D9FGY7Bhwbj2jrnk7v8VR47HTu7vfVu1gV         Nut2pools and Steadymining
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June 04, 2015, 11:45:34 PM
 #258

Great update, dev, thanks!  I would like to see the Twitter account used for updating calls and updating on burned coins. Would make it a fun account to follow. Cheers.
I second that.

SYNC: Sd3XBRmhrrr39Wj4rtjb3YAkwWvCze44BZ                    ORB: odyWi677JDQy7Gc6Nv6kCdnajmScqgTkDE       Honest pools (payout matching calculation):
TransferWise: International money transfer for 1%fee        Doge to the moon! D9FGY7Bhwbj2jrnk7v8VR47HTu7vfVu1gV         Nut2pools and Steadymining
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June 05, 2015, 05:37:31 AM
 #259

Is there anything exciting going on?
Did you read the OP?
Everyone investing here expects a return on their investment from successful trades leading to buy pressure for burning coins,
increasing the value of the remaining coins. I think that is as simple as I can tell it - there is a lot more to it, you just need to
invest a little time to read the info that is presented here and you find your answer.
Unless of course, you did not come here to find answers but only to troll and spread negativity, then you won't find answers here.

Let me ask one more question. We have taken care of supply side by burning the coins but what are we doing for generating demand? Where can we use this coin other than staking. I would like to see discounts on services like Coinigy, coingecko & other trading & chart related services while paying with GAM. Personally if there is a discount for cloud mining, i will be all for it. I think that's what SecretOfCrypto might be asking. We have all seen coin with very little supply but no demand, that only kills liquidity but didn't help much with price/demand.

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June 05, 2015, 06:24:53 AM
 #260

Is there anything exciting going on?
Did you read the OP?
Everyone investing here expects a return on their investment from successful trades leading to buy pressure for burning coins,
increasing the value of the remaining coins. I think that is as simple as I can tell it - there is a lot more to it, you just need to
invest a little time to read the info that is presented here and you find your answer.
Unless of course, you did not come here to find answers but only to troll and spread negativity, then you won't find answers here.

Let me ask one more question. We have taken care of supply side by burning the coins but what are we doing for generating demand? Where can we use this coin other than staking. I would like to see discounts on services like Coinigy, coingecko & other trading & chart related services while paying with GAM. Personally if there is a discount for cloud mining, i will be all for it. I think that's what SecretOfCrypto might be asking. We have all seen coin with very little supply but no demand, that only kills liquidity but didn't help much with price/demand.

Someone didn't read OP.

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