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Author Topic: [ANN] [R3D] NEW UPDATES COMING SOON  (Read 65499 times)
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September 01, 2015, 01:50:15 AM
 #581

i can confirm - twoturtles is a genuine guy that u are not used to this days. fully transparent and solid.

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September 01, 2015, 03:08:45 AM
 #582

So we're down to 3 days and we've had a phenomenal support from so many of you. We still have a ways to go, but that's not going to stop us from continuing to crank out code.

Lootz from SuperNET Radio has contacted us again for another radio interview. We want to take this time to answer questions that you guys might still have about R3D. Once we have a nice list of questions stacked up we can schedule a time for us to go on the air with Lootz. Feel free to send your email questions to supernetradio@gmail.com. If you wish to remain anonymous please state that in your email.
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September 01, 2015, 03:38:50 AM
 #583




This looks pretty good. I will probably buy some soon.
So will i, but i really doubt that 800BTC will be achieved on friday.




Of course not. This will only raise enough funds for a few months of development.


I hope everyone realizes that this coin will need to dilute your coins and run a 2CO in a few months. This is a good thing though. Unlike other coins that give devs "golden parachutes" of +10% of all coins, this coin can sustain proper growth with continued CFCs.

A possible scenario would be raise $10,000 in an ICO, get to marketcap of $50,000, dilute coins 20% for a 2CO and raise $10,000, get to marketcap of $200,000, dilute coins 10% for a 3CO and raise $20,000, ... repeat ... on and on.


It's been shown these devs won't be working for free for a long period of time. They also have no premine incentive to work. The only way for this coin to have continued work is to continue funding it by diluting coins.



You would have to be a moron to think this is going to be as big as reddit without continued development for 5+ years.


I can tell you personally, I've been working on Neos for free for quite some time now, without holding any myself and after the initial ICO funds were exhausted.  Nothing goes from unknown to viral overnight, and I'm standing by my work throughout.  We do have other recapitalization plans that were mentioned in the thread recently and the fact that someone creating a site on the r3d network can earn is a means to monetize in itself.  I'm not quite sure many are realizing that I've been coding from before sunrise to well-after sunset for 2 months now or so and that was with a very, very small initial payment.  If we're funded, what I can say is that I'll continue to be here - every day on the same schedule continually coding.  This is what I do, and all that I do.  This is beyond passion for me and this cause is an even greater motivator.  Our focus would be on improving r3d, as well as building applications on r3d to generate our own revenue streams later on to sustain that.  The initial ICO funds aren't for us to sit here and create a Reddit clone, that would be a waste of time.  It would be more productive for us to focus our energy on making the r3d platform way more robust and developer friendly so hundreds or thousands of able developers have the proper tools to create anything they could possibly dream up.

     Best regards,

syntaks



This is a great idea but quite big. With every developer in this niche wanting to create their own blockchain it will be extremely difficult to attract developers to develop apps using this blockchain. Even if there was devs wanting to dev for this blockchain, the AuxPoW clone is not going to scale. The blockchain is not a good place to store data. Due to scaling reason, you can't open this blockchain up to anything other than the one reddit clone idea.

I think your visions are too early Tongue

Keep the idea small and this might work. Small txt messages could fit on a blockchain and maintain a size under 1 terabyte. A more advanced option would be to clone a new decentralized data storage tech like SJCX. You could then store searchable titles & data pointers on the R3D blockchain with the pointers pointing to the SJCX data. A strategy like this could be used to fill a gap for the next few years while there is no decentralized search ability. You could then keep the momentum going and upgrade tech once better tech is available.



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September 01, 2015, 03:53:29 AM
 #584




This looks pretty good. I will probably buy some soon.
So will i, but i really doubt that 800BTC will be achieved on friday.




Of course not. This will only raise enough funds for a few months of development.


I hope everyone realizes that this coin will need to dilute your coins and run a 2CO in a few months. This is a good thing though. Unlike other coins that give devs "golden parachutes" of +10% of all coins, this coin can sustain proper growth with continued CFCs.

A possible scenario would be raise $10,000 in an ICO, get to marketcap of $50,000, dilute coins 20% for a 2CO and raise $10,000, get to marketcap of $200,000, dilute coins 10% for a 3CO and raise $20,000, ... repeat ... on and on.


It's been shown these devs won't be working for free for a long period of time. They also have no premine incentive to work. The only way for this coin to have continued work is to continue funding it by diluting coins.



You would have to be a moron to think this is going to be as big as reddit without continued development for 5+ years.


I can tell you personally, I've been working on Neos for free for quite some time now, without holding any myself and after the initial ICO funds were exhausted.  Nothing goes from unknown to viral overnight, and I'm standing by my work throughout.  We do have other recapitalization plans that were mentioned in the thread recently and the fact that someone creating a site on the r3d network can earn is a means to monetize in itself.  I'm not quite sure many are realizing that I've been coding from before sunrise to well-after sunset for 2 months now or so and that was with a very, very small initial payment.  If we're funded, what I can say is that I'll continue to be here - every day on the same schedule continually coding.  This is what I do, and all that I do.  This is beyond passion for me and this cause is an even greater motivator.  Our focus would be on improving r3d, as well as building applications on r3d to generate our own revenue streams later on to sustain that.  The initial ICO funds aren't for us to sit here and create a Reddit clone, that would be a waste of time.  It would be more productive for us to focus our energy on making the r3d platform way more robust and developer friendly so hundreds or thousands of able developers have the proper tools to create anything they could possibly dream up.

     Best regards,

syntaks



This is a great idea but quite big. With every developer in this niche wanting to create their own blockchain it will be extremely difficult to attract developers to develop apps using this blockchain. Even if there was devs wanting to dev for this blockchain, the AuxPoW clone is not going to scale. The blockchain is not a good place to store data. Due to scaling reason, you can't open this blockchain up to anything other than the one reddit clone idea.

I think your visions are too early Tongue

Keep the idea small and this might work. Small txt messages could fit on a blockchain and maintain a size under 1 terabyte. A more advanced option would be to clone a new decentralized data storage tech like SJCX. You could then store searchable titles & data pointers on the R3D blockchain with the pointers pointing to the SJCX data. A strategy like this could be used to fill a gap for the next few years while there is no decentralized search ability. You could then keep the momentum going and upgrade tech once better tech is available.




I can understand your position and views, but we haven't shown what can be created yet nor the functions to the best of our ability or the ability of what we're creating here.  What we've done so far we've tested after each modification, pinned it with data, tested some more.  Once the full demo is live, things will become a LOT clearer.  I have left out quite a few details I've saved for the demo because to explain them in text would be just the same as we have already done which is *tell* everyone what we're doing - it's time to show you.

     Best regards,

syntaks
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September 01, 2015, 03:53:43 AM
 #585

HMMM Not going to make 800btc in the time stated..

why not do your own escrow on the R3D website..sell them for 25sats each the whole 4 billion r3d min buy 0.1 btc.. you will raise 1000btc
Do not put r3d on the market so there is no trading..keep escrow going for 6 months to give you time to sell the whole 4 billion..plus give everyone time to get used to using it..
so start your escrow and after the first week ends bring R3D coin out then keep escrow going for 6 months
1st week you will have 30 btc to start and when everyone starts using it 2nd week you will have
 another 30 btc and before you know it they will be all gone and the whole 4 billion will get used and more people will be involved..
then when the 6 month countdown is done then put R3D coin on bittrex and other markets to trade and sell
plus 6 months time will give you more time to code to add new features to r3dcoin and sell the 4 billion Wink Wink and people who bought r3d coin in the first week will get used to using R3D platform..

just a thought a good one tho Grin Grin

IT GIVE YOU DEVS TIME AND YOU STILL GET PAID  Wink

Plus 25 sats no one can complain about the 6 month wait ..you get 1000btc  and we traders get a bargin
plus lots of room to profit 1 to 2 years down the line everyone will be happy

you could do it for 4 months but no less or the 4 billion wont get sold

YER DOOO IT DO IT DO IT DOOOO IT Cheesy Cheesy Cheesy Cheesy
bit like ETH but you release 1st week and no exchanges till 6 months Grin Grin
MAKES NO DIFFERENCE TO YOU DEVS

tell me where my idea is floored  Wink Wink or sell to a private company and then it wont be used for what you would like it to be used for Wink Wink
 
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September 01, 2015, 04:28:11 AM
 #586

HMMM Not going to make 800btc in the time stated..

why not do your own escrow on the R3D website..sell them for 25sats each the whole 4 billion r3d min buy 0.1 btc.. you will raise 1000btc
Do not put r3d on the market so there is no trading..keep escrow going for 6 months to give you time to sell the whole 4 billion..plus give everyone time to get used to using it..
so start your escrow and after the first week ends bring R3D coin out then keep escrow going for 6 months
1st week you will have 30 btc to start and when everyone starts using it 2nd week you will have
 another 30 btc and before you know it they will be all gone and the whole 4 billion will get used and more people will be involved..
then when the 6 month countdown is done then put R3D coin on bittrex and other markets to trade and sell
plus 6 months time will give you more time to code to add new features to r3dcoin and sell the 4 billion Wink Wink and people who bought r3d coin in the first week will get used to using R3D platform..

just a thought a good one tho Grin Grin

IT GIVE YOU DEVS TIME AND YOU STILL GET PAID  Wink

Plus 25 sats no one can complain about the 6 month wait ..you get 1000btc  and we traders get a bargin
plus lots of room to profit 1 to 2 years down the line everyone will be happy

you could do it for 4 months but no less or the 4 billion wont get sold
 



This is your brain on drugs   Grin

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September 01, 2015, 04:32:49 AM
 #587

HMMM Not going to make 800btc in the time stated..

why not do your own escrow on the R3D website..sell them for 25sats each the whole 4 billion r3d min buy 0.1 btc.. you will raise 1000btc
Do not put r3d on the market so there is no trading..keep escrow going for 6 months to give you time to sell the whole 4 billion..plus give everyone time to get used to using it..
so start your escrow and after the first week ends bring R3D coin out then keep escrow going for 6 months
1st week you will have 30 btc to start and when everyone starts using it 2nd week you will have
 another 30 btc and before you know it they will be all gone and the whole 4 billion will get used and more people will be involved..
then when the 6 month countdown is done then put R3D coin on bittrex and other markets to trade and sell
plus 6 months time will give you more time to code to add new features to r3dcoin and sell the 4 billion Wink Wink and people who bought r3d coin in the first week will get used to using R3D platform..

just a thought a good one tho Grin Grin

IT GIVE YOU DEVS TIME AND YOU STILL GET PAID  Wink

Plus 25 sats no one can complain about the 6 month wait ..you get 1000btc  and we traders get a bargin
plus lots of room to profit 1 to 2 years down the line everyone will be happy

you could do it for 4 months but no less or the 4 billion wont get sold
 



This is your brain on drugs   Grin
so what is so bad about the idea tell me please .. i bet you any money you want its not get sold by friday dream on dreamer
and who rattled your cage Cheesy Cheesy Cheesy
SO I SHALL KEEP MY IDEAS TO MYSELF
plus devs still not said what is going to happen if not made 800btc you keep saying well could be this or could be that WHAT EXACTLY ARE YOU GOING TO DO IF YOU DON.T REACH 800BTC..
why i ask because the extra money we could make with our btc..its sitting there doing nowt when i can make more btc or more cryptocoins or more cash with my bitcoins
and this question is for the devs not you razorglass Cheesy Cheesy
if i need you next time razorglass i will rattle your cage Grin

plus what would you know anyway Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy
the coins you bought or mine what ever you do WOW Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy IDIOT Cheesy Cheesy Cheesy
wont listen to you then because you know nothing Cheesy Cheesy Cheesy Cheesy
and tell bob surplus i bail before he does Wink Wink Wink KERCHING Grin
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September 01, 2015, 06:39:53 AM
 #588

the reason why eth wasn't on any exchange for that long is because there wasn't a public network for that long.. as soon as you release your coin 'into the wild' any exchange is free to put it on there, and not much you can really do about that..

as far as 'what exactly' the r3d team is going to do if the ico fails is really noones business except their own, so whatever details they want to share or do not want to share is up to them

they have said that they plan on looking at other funding sources multiple times and that is more of an answer than they owe anyone in here, since if it doesnt hit the 800btc minimum none of us are 'investors'

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September 01, 2015, 06:45:55 AM
 #589

Anonymous devs looking to raise a few dozen BTCs is one thing.  Anonymous devs looking to raise 4000 BTC, over a million dollars, is another.

I must give you my point of view. At least Syntaks is pretty much not-anonymous to me. He is definitely a good developer (taka a look at Neoscoin), also honest to the bone. He has accessed my desktop multiple times solving things I couldn't possibly solve. I can put money that he will never steal or fraud someone. So that gives a bit of relief if you're joining CFC, I think this project has a high chances of becoming something. I like it particularily because it's people-centric, ease of use seems to be one of the strongpoints, and that's what people generally need for something to be massive.

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September 01, 2015, 06:50:35 AM
 #590

one thing that confuses me is how the coins are to be used when posting or doing an action.  so if I reply to an article, how simple is it for me to post the comment?  will I need to do a transaction every comment i make?

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September 01, 2015, 06:55:33 AM
 #591

This is a great idea but quite big. With every developer in this niche wanting to create their own blockchain it will be extremely difficult to attract developers to develop apps using this blockchain. Even if there was devs wanting to dev for this blockchain, the AuxPoW clone is not going to scale. The blockchain is not a good place to store data. Due to scaling reason, you can't open this blockchain up to anything other than the one reddit clone idea.

I think your visions are too early Tongue

Keep the idea small and this might work. Small txt messages could fit on a blockchain and maintain a size under 1 terabyte. A more advanced option would be to clone a new decentralized data storage tech like SJCX. You could then store searchable titles & data pointers on the R3D blockchain with the pointers pointing to the SJCX data. A strategy like this could be used to fill a gap for the next few years while there is no decentralized search ability. You could then keep the momentum going and upgrade tech once better tech is available.

i think you should probably run some numbers with their fee structures at the moment, i ran the numbers on irc the other day basing it off of using 4tb of data stored and 20tb stored, one including an extremely paranoid sharding and one using no sharding with 500 full nodes (this is 1/10th of bitcoins total full nodes at the moment worldwide)... all they would have to do is slightly tweak their current numbers to reward full nodes (something they could do easily) a portion of the fees that are going to miners, this would equate (if 4tb of data was used with current fees, and full nodes were to split the fee with the miners (why not, miners are getting it basically free anyway) on a single 4tb of data, the amount (at current bitcoin price and r3d price) each of those 500 people would have earned is 18,000$....
thats enough to pay for that 4tb drive i would say

i would even counter your thought about thinking big, and say that if you are thinking about a decentralized reddit being big you are thinking extremely small, reddit doesn't even make a profit yet does it?, you need to think of commercial applications instead.. they would be (people who would develop for r3d as well) MUCH smarter hitting big business than going after a bunch of people on a forum, i personally would rather deal with a few large clients and make decent money supporting them then having 50million users and not making a cent (not saying that a decentralized reddit wouldnt be great... it just wouldnt be a smart way for them to spend their time if they wanted to make money)



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September 01, 2015, 07:02:43 AM
 #592

one thing that confuses me is how the coins are to be used when posting or doing an action.  so if I reply to an article, how simple is it for me to post the comment?  will I need to do a transaction every comment i make?

from what i understand it will be seamlessly built into the default client, as in yea every comment or vote or tip or post you make will be a transaction but it will all be handled behind the scenes.. you would hit comment with your comment and your balance would go down... as people upvoted you or tipped you your balance would go up

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September 01, 2015, 01:27:09 PM
 #593

So we're down to 3 days and we've had a phenomenal support from so many of you. We still have a ways to go, but that's not going to stop us from continuing to crank out code.

Lootz from SuperNET Radio has contacted us again for another radio interview. We want to take this time to answer questions that you guys might still have about R3D. Once we have a nice list of questions stacked up we can schedule a time for us to go on the air with Lootz. Feel free to send your email questions to supernetradio@gmail.com. If you wish to remain anonymous please state that in your email.
While I perfectly understand what R3D is and what it's all about, the people I told about R3D still had questions about what it exactly is that it offers. So apparently it's either still a bit vague/unclear or just hard to understand for the less tech-savvy.

The question I would like to hear answered (for the less tech-savvy people) in the most plain English with as less jargon as possible: What is R3D and how does it work?

Making sure everyone has a better understanding of what R3D is might bring new investors to the table.

EDIT:
Oops, missed the part where it said email your questions to SuperNET. Will still do that as we speak. Email sent to SuperNET!

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September 01, 2015, 03:31:04 PM
 #594

one thing that confuses me is how the coins are to be used when posting or doing an action.  so if I reply to an article, how simple is it for me to post the comment?  will I need to do a transaction every comment i make?

Not at all.  It's all completely smooth as you'll see in the demo.  We wouldn't spend time creating something that users couldn't even take part in without a headache.

     Best regards,

syntaks
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September 01, 2015, 03:46:28 PM
 #595

hey syntaks what's up bro where can I find you guys on irc these days?
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September 01, 2015, 03:54:36 PM
 #596

hey syntaks what's up bro where can I find you guys on irc these days?

Hey good morning, we're over on irc.freenode.net in #r3d
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September 01, 2015, 04:37:42 PM
 #597

one thing that confuses me is how the coins are to be used when posting or doing an action.  so if I reply to an article, how simple is it for me to post the comment?  will I need to do a transaction every comment i make?

Not at all.  It's all completely smooth as you'll see in the demo.  We wouldn't spend time creating something that users couldn't even take part in without a headache.

     Best regards,

syntaks

Good,  Yea I figured you had already figured it out but I just didnt remember hearing about it. 

awesome to hear that.

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popcorn1
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September 01, 2015, 05:45:36 PM
 #598

the reason why eth wasn't on any exchange for that long is because there wasn't a public network for that long.. as soon as you release your coin 'into the wild' any exchange is free to put it on there, and not much you can really do about that..

as far as 'what exactly' the r3d team is going to do if the ico fails is really noones business except their own, so whatever details they want to share or do not want to share is up to them

they have said that they plan on looking at other funding sources multiple times and that is more of an answer than they owe anyone in here, since if it doesnt hit the 800btc minimum none of us are 'investors'

well do it like eth smart ass Grin Grin
i was thinking no one puts them on exchange but i see your point..
so if your not going to say then i spend my bitcoin some where else .and now you lost 1 more buyer..
we know you don.t care but neither do i ..WAITED AND WAITED..plus now i know its not freedom of speech..ITS PAY FOR SPEECH Cheesy Cheesy I thought you pay me to look at what i got to say Grin Grin
but no i pay then if you like it you might tip me Cheesy Cheesy Cheesy Cheesy

I DON.T THINK I WILL BE MAKING MUCH DO YOU Cheesy Cheesy Cheesy Cheesy
SecretsOfCrypto
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September 01, 2015, 05:51:30 PM
 #599

what happens to the unsold coins? are they burned?

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September 01, 2015, 05:52:44 PM
 #600

what happens to the unsold coins? are they burned?

Yes. The only R3D that will ever be in circulation will be what is sold during the CFC (assuming we reach our minimum of 800,000,000 R3D sold). No new R3D will ever be created.
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