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Author Topic: [ANN][SHIFT] The New Web | IPFS/Phantom | ShiftNrg.org Hosted Decentralized!  (Read 527116 times)
Q_R_V
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September 07, 2015, 11:31:25 AM
 #981

Why then people are so eager to invest into ethereum despite such horrendous premine? It looks like buying ethereum now is some madness.
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September 07, 2015, 11:47:36 AM
 #982

Why then people are so eager to invest into ethereum despite such horrendous premine? It looks like buying ethereum now is some madness.

It's confused me as well to be honest. I don't think many speculators or investors understand what Ethereum is for, it's all hype at this point in my opinion.

Ethereum has lots of promise but because it's open source, a project like Shift can fork it and setup a network with equivalent abilities. The main reason I can think of for using Ethereum exclusively for a dapp is if the application benefits from interacting with other parties' dapps on the same network.  A secondary benefit from piling into one network would be an assumption of price stability for its value token because of higher market volume.  A second or many Ethereum-based networks provides room for innovation (see Bitcoin vs alts), cost competition (cheaper gas price on Shift could lower gas cost on Ethereum's network), and many other positive effects.
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September 07, 2015, 12:21:05 PM
 #983

Anyone know, is it safe to withdraw from supernova now?
lulla.by
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September 07, 2015, 12:27:43 PM
 #984

Why then people are so eager to invest into ethereum despite such horrendous premine? It looks like buying ethereum now is some madness.

It's confused me as well to be honest. I don't think many speculators or investors understand what Ethereum is for, it's all hype at this point in my opinion.

It's all hype indeed, and you will see more and more ETH clones coming in the future.
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September 07, 2015, 12:45:26 PM
 #985

Why then people are so eager to invest into ethereum despite such horrendous premine? It looks like buying ethereum now is some madness.

It's confused me as well to be honest. I don't think many speculators or investors understand what Ethereum is for, it's all hype at this point in my opinion.

It's all hype indeed, and you will see more and more ETH clones coming in the future.

yea given the press hype from the ipo that would make people to join the train, it would be funny to see shift take some of that hype just because is the first clone.


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September 07, 2015, 12:53:27 PM
 #986

Anyone know, is it safe to withdraw from supernova now?

Just try it, i'm watching payouts - i'll re-send if it fails.

I've sent all I could send to the ShiftTeam and they are working on the issue currently.

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September 07, 2015, 12:54:46 PM
 #987

Currently there is a supply of 72,998,905 Ether. This is the 60,000,000 from the IPO + 12,000,000 for foundation/development/contributor rewards + about a million from mining since Frontier got its start. Now from mining, assuming the 15 second block target holds, we get an annual inflation of 10,519,200 Ether (5760 blocks/day * 5 ether per block * 365.25). So only if Ether mining continued for 7 years would mining rewards surpass its premine. But then there's this, scroll down to Difficulty adjustment scheme: https://blog.ethereum.org/2015/08/04/ethereum-protocol-update-1/

At Ethereum block 200,000 (under 9 hours away as of writing) the difficulty starts to increase little by little beyond the nethashrate's target. This scheme is to freeze out the network to allow it to switch to proof-of-stake. I haven't read if block target or reward will change at the PoS changeover, but if it stays the same it will still take just under 7 years for the Ethereum network's mining/staking rewards to match the 72 million Ether premine.

Thanks for that interesting info.

How about creating a block explorer API answer that tells http://coinmarketcap.com/currencies/shift/ about the current supply.
Right now CMC says
Quote
Available Supply ?
MarketCap ?

The OP of this thread here ...

-Why "mined at minimum"?-

... also doesn't simply state:
   coins in currently in existence: ___________ SHF
   maxcoins that will ever exist:  ___________ SHF

or -should the 2nd answer be hard to guess-:
   coins that will exist 1 year from now: _____ SHF


Could anyone answer that?

Does SHF use the exact same inflation & supply scheme as ETH?
(i.e. are the current Satoshi prices comparable) or is it tweaked?

BTW, for etherium, cmc is stating the available supply precisely.


Or is this perhaps already the answer to my question?

whats the current supply if im not wrong there is 18k in new coins everyday.
As of this typing, we are at 24,408. So, 24,408 x 3 = 73,224 approximately, that's not including uncles...


Please help me to see through my confusion *g*

Thanks!

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September 07, 2015, 12:59:27 PM
 #988

Anyone know, is it safe to withdraw from supernova now?

Just try it, i'm watching payouts - i'll re-send if it fails.

I've sent all I could send to the ShiftTeam and they are working on the issue currently.


Thanks for the update on that.


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September 07, 2015, 01:11:58 PM
 #989

Anyone know, is it safe to withdraw from supernova now?

Just try it, i'm watching payouts - i'll re-send if it fails.

I've sent all I could send to the ShiftTeam and they are working on the issue currently.
Pending on Bittrex now 14/120.
Thank you!
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September 07, 2015, 02:07:08 PM
 #990

Currently there is a supply of 72,998,905 Ether. This is the 60,000,000 from the IPO + 12,000,000 for foundation/development/contributor rewards + about a million from mining since Frontier got its start. Now from mining, assuming the 15 second block target holds, we get an annual inflation of 10,519,200 Ether (5760 blocks/day * 5 ether per block * 365.25). So only if Ether mining continued for 7 years would mining rewards surpass its premine. But then there's this, scroll down to Difficulty adjustment scheme: https://blog.ethereum.org/2015/08/04/ethereum-protocol-update-1/

At Ethereum block 200,000 (under 9 hours away as of writing) the difficulty starts to increase little by little beyond the nethashrate's target. This scheme is to freeze out the network to allow it to switch to proof-of-stake. I haven't read if block target or reward will change at the PoS changeover, but if it stays the same it will still take just under 7 years for the Ethereum network's mining/staking rewards to match the 72 million Ether premine.

Thanks for that interesting info.

How about creating a block explorer API answer that tells http://coinmarketcap.com/currencies/shift/ about the current supply.
Right now CMC says
Quote
Available Supply ?
MarketCap ?

The OP of this thread here ...

-Why "mined at minimum"?-

... also doesn't simply state:
   coins in currently in existence: ___________ SHF
   maxcoins that will ever exist:  ___________ SHF

or -should the 2nd answer be hard to guess-:
   coins that will exist 1 year from now: _____ SHF


Could anyone answer that?

Does SHF use the exact same inflation & supply scheme as ETH?
(i.e. are the current Satoshi prices comparable) or is it tweaked?

BTW, for etherium, cmc is stating the available supply precisely.


Or is this perhaps already the answer to my question?

whats the current supply if im not wrong there is 18k in new coins everyday.
As of this typing, we are at 24,408. So, 24,408 x 3 = 73,224 approximately, that's not including uncles...


Please help me to see through my confusion *g*

Thanks!

You can easily calculate the current supply by taking the number of blocks and multiplying by 3 (block reward).

A "better" block explorer is in development, however does not have top priority right now.

SHF does not have the same inflation / distribution scheme as ETH. I don't know much about Ethereum, but SHIFT has a static 3 coin reward while ETH has 15 (??). As of my reply, there are ~80k SHF mined.

This will continue until there are at least 2 mill coins mined, thus the statement in the op. After 2 mill coins are in circulation, holders will be able to vote about future distribution, i.e. switch to full pos, continue pow or a pow-pos hybrid.

Therefore your question of max total coins cannot be answered at the moment.

Hope that cleared it up Smiley
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September 07, 2015, 02:13:21 PM
 #991

Really looking forward to using this coin looks the most promising out of the bunch
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September 07, 2015, 02:34:56 PM
 #992

Really looking forward to using this coin looks the most promising out of the bunch
welcome to the shift, please make sure you support this coin with all your heart and soul.


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September 07, 2015, 03:10:51 PM
 #993

dev need cryptsy and poloniex!
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September 07, 2015, 03:12:30 PM
 #994

Having a problem with being locked out of the wallet? Should I try reinsalling? will this delete my wallet
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September 07, 2015, 03:16:12 PM
 #995

Having a problem with being locked out of the wallet? Should I try reinsalling? will this delete my wallet

Backup your wallet and simply reinstall it should not delete your wallet but backup just to be sure
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September 07, 2015, 03:28:32 PM
 #996

Shift supply is 250,000 + blockheight*3. I wanted to mention this in my above post talking about how it will take 7 years for Ethereum's mining/staking network to equal the premine. For Shift it will take only a bit over two weeks for coin supply from mining rewards to overtake the premine.

Note: I have nothing against the Ethereum devs for their ipo revenue model and paying themselves and early investors in their own value token. Without it, Ethereum might not have happened. But since their code is open source, forks are inevitable.
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September 07, 2015, 03:52:47 PM
 #997

I was out for a while and only now I see the first ethereum for has released. Should I join or you think it's too late? I never followed eth coins it is harder than standard ones? Any clues?
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September 07, 2015, 05:06:48 PM
 #998


how come all the blocks found on suprnova is always 3.00 coins?
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September 07, 2015, 05:11:28 PM
 #999


how come all the blocks found on suprnova is always 3.00 coins?

Ah lol sorry i've confused ETH with SHIFT.. But it's the same with Shift.. Uncles etc. are paid the same way, I'll post some when I see them

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September 07, 2015, 05:14:20 PM
 #1000

need to see it back to 300k, I don't know what is keeping the price so low.
It's just a matter of time

LISK
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