[EMUNIE] One small step for transactions, one giant leap for crypto

[monsterer]

The p2p credit card is genius... but how will you get merchants to adopt a currency with massive volatility? They need fiat stability?

[1715206601]

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[1715206601]

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[1715206601]

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[bahamapascal]

...

We usually do alot of founder testing and its been a while since the regular beta testers saw a beta. That should change soon

Fortunately I have the Founder status. Had been very into eMunie for the first year, but due to some real life stuff I didn't have the time any more.
Good old times!

The p2p credit card is genius... but how will you get merchants to adopt a currency with massive volatility? They need fiat stability?

Stability is one of the features of eMunie.  It's to be archived by an complex supply and demand model.
Here is a bit better explanation on it: https://forum.emunie.com/threads/price-stability.1938/#post-19640

[Anima]

The p2p credit card is genius... but how will you get merchants to adopt a currency with massive volatility? They need fiat stability?

You make supply elastic, so you can lever both quantity and price if demand increases (or reduces).

[monsterer]

Stability is one of the features of eMunie.  It's to be archived by an complex supply and demand model.
Here is a bit better explanation on it: https://forum.emunie.com/threads/price-stability.1938/#post-19640

Is this going to be in the white paper as well? That description leaves a lot of details out.

How do you reduce supply?

[r0ach]

How do you reduce supply?

Reverse helicopter Huges

[superresistant]

[Fuserleer]

Wowow, some emotions in here!

The p2p credit card is genius... but how will you get merchants to adopt a currency with massive volatility? They need fiat stability?

Thanks, its been one of the primary goals since inception, seemed so far away 2 years ago and now here it is.

As I said previously on a few occasions, due to the scope of everything, a single document is not going to work.  The economics will likely be one of the last things to be documented in detail, as it relies on an understanding of nearly all other system components to appreciate how it achieves what it does.

Some of this has been covered in previous posts, and the premise has not changed.

In a nutshell, there is a system account that contains an amount of EMU/other assets and its sole purpose is to buffer against short term movements that would result in a peaky price.

For example if a party was to come and sell a lot of EMU in one shot at a sub market price, where the result of selling that volume would sink the price below a system wide agreed lower threshold, then the system itself would buy that EMU with assets it holds (if it has enough) at the threshold level.

So assume the current EMU price is $0.11, and a large sell is placed with a price of $0.09, but the threshold is $0.10. The system will buy as many of that sell @ $0.10 as it can.

The same mechanics work for large buys that would push the price up past an upper threshold.  Assume a buyer rolls in with a large buy @ $0.13, the current price is $0.11 and the upper threshold is $0.12...the system will step in and sell EMU it holds at $0.12 in an attempt to cover the buy and keep the price in the agreed range.

Due to the internal DEX, the buffer always has some purchasing power.  If its selling EMU, it will receive another asset type (USD token) for that EMU.  If its buying EMU then it will be using USD tokens to purchase EMU.

At go live, the buffer will be credited with 10% of the total amount of currency the system is started with, so if there is 1M EMU at launch, the buffer will be credited with 100,000.  This should be enough to cover almost all short term pump/dump movements.  The buffer also receives 10% of all new currency being issued, (and in the cases where the buffer is low, system revenue from fees) so as to ensure its purchasing power -> currency ratio is always adequate to guard against "un-natural" movements.

If the case of a supply contraction, buffer assets are burned.  If enough can not be burned from the buffer, then EMU is purchased from the DEX, held for a short period in "limbo" and burnt later if the system doesn't return to an expansive state.

That is a VERY simplified explanation of whats going on, there is plenty of further detail required on the algorithms and mechanisms at play to get a fuller understanding, but the above should be enough to at least have an idea.

No doubt there will be a million questions from you lot though

[Fuserleer]

Curing Cancer is slow work.....whether it be biological/financial or another form

Plus, Satoshi took much longer than 2 years to develop Bitcoin, so patience already :p

[Fuserleer]

How do you reduce supply?

Reverse helicopter Huges

No idea at all what this infers, but if there is a free helicopter going, I'll take it

[theprofileth]

Fuserleer I really like that the buffer will grow with the currency to help make sure that the currency will almost never be at risk of massive price swings

[Fuserleer]

Fuserleer I really like that the buffer will grow with the currency to help make sure that the currency will almost never be at risk of massive price swings

It can't mitigate them entirely.

In the event of a large run/rally, it will only be able to settle 10% or so....after that the price is in freefall/moon mode.  This is fair enough though, as it is not meant to stifle real free market activity, and if the free market wants a dump/pump, then so be it.

Other edge cases could be that a few whales together try and dump/pump the price, and while not successful, the buffer ends up on the lean side.  Should another pump/dump of sufficient volume follow shortly after before new funds can make their way to the buffer, you'll get some volatility.

10% or so should be more than enough to cover a succession of these events and provide at least a smoother ride than cryptos atm.

Of course, as the user base grows, and as our target user base is mass market, you'll see the price stabilize itself as the ratio of manipulators:genuine users contrasts.  The majority of the currency will not be in the hands of manipulators due to the distribution models, so the buffer should be less and less required.

[50cent_rapper]

How to get some emunie 

[theprofileth]

How to get some emunie 

Wait for when we publicly launch

[JBC]

I don't know who you are, but you are lighting up the board with your hype.  
  
Please link me to am ANN topic or show me some technicals.  What algo are you using?  What's the distribution?  What do you bring technology wise that is unique?  How many transactions per second and can it scale?  Etc etc.  
  
Hype is cheap.  Show me something real.

AFAIK Fuserleer was doxxed on Bitcointalk.  Turns out this Fuserleer guy was lying on his linkedin and had a history of criminal activity in the United Kingdom.  Anyone who is taking this guy seriously is naive and probably took Josh Garza (PayCoin / PayScam) seriously too.

https://bitcointalk.org/index.php?topic=303898.msg3390794#msg3390794

Fuserleer was also talking down about NXT - his loss, he could had made millions.  

I think Fuserleer is running a vaporware scam and not to be sued or thrown into prison, he pretends he is still working on eMunie.   eMunie was originally meant to release in 2013.  So there's been investors who gave their money to him and still haven't seen anything more than 2 years later. 

 Anyone who invested into Fuserleer can pretty much consider their money gone.  If eMunie does eventually release, I imagine the coin would sit at between position 50-100 and  Fuserleer's reputation or the coins' inflationary mechanism will probably kill it.

[Fuserleer]

I don't know who you are, but you are lighting up the board with your hype.  
  
Please link me to am ANN topic or show me some technicals.  What algo are you using?  What's the distribution?  What do you bring technology wise that is unique?  How many transactions per second and can it scale?  Etc etc.  
  
Hype is cheap.  Show me something real.

AFAIK Fuserleer was doxxed on Bitcointalk.  Turns out this Fuserleer guy was lying on his linkedin and had a history of criminal activity in the United Kingdom.  Anyone who is taking this guy seriously is naive and probably took Josh Garza (PayCoin / PayScam) seriously too.

https://bitcointalk.org/index.php?topic=303898.msg3390794#msg3390794

Fuserleer was also talking down about NXT - his loss, he could had made millions.  

I think Fuserleer is running a vaporware scam and not to be sued or thrown into prison, he pretends he is still working on eMunie.   eMunie was originally meant to release in 2013.  So there's been investors who gave their money to him and still haven't seen anything more than 2 years later.  

 Anyone who invested into Fuserleer can pretty much consider their money gone.  If eMunie does eventually release, I imagine the coin would sit at between position 50-100 and  Fuserleer's reputation or the coins' inflationary mechanism will probably kill it.

A conspiracy website would probably be a better fit for you than BitcoinTalk.  Or at least someone should kick the turntable, the record is truly stuck.

I was never doxxed, I put my own documents online here, including my passport.  If not too much trouble, could you also provide some light regarding my proven criminal past?  I wasn't aware I was a fugitive!

Please feel free to contact anyone from my LinkedIn account seeing as you have access and ask about me.  There are a number of high profile people at VP+ level which I am connected to within the telecoms industry, and have worked side by side with many of them in previous companies I have owned in that industry.  

I can also give you a list of games I worked on that have my name in the credits, and provide the contact details of people within the games industry you may also contact and cross check with them.

As I and others have said over and over, yet for some reason doesn't sink in, investors that wanted their money back got it, the ones that didn't are happy with the progress.  Please direct us to the evidence that supports your claims, surely there should be many complaints of people up in arms all over the internet.

Thanks

[Peachy]

Count me in as another proud investor without issue for over 2 years and I'm willing to wait as long as it takes.

With regard to the development timeline, just remember we've had 6000 years of human-controlled/manipulated currency and all of it's inherent problems.  I think taking a few years to build an autonomously decentralized version is more than justified.

As for the baseless criminal accusations.  Oh puhLEEZ.  I've flown from Texas to the UK to meet with him personally and can 100% vouch for his credibility and acumen.

[LiQio]

[...]

At go live, the buffer will be credited with 10% of the total amount of currency the system is started with, so if there is 1M EMU at launch, the buffer will be credited with 100,000.  This should be enough to cover almost all short term pump/dump movements.  The buffer also receives 10% of all new currency being issued, (and in the cases where the buffer is low, system revenue from fees) so as to ensure its purchasing power -> currency ratio is always adequate to guard against "un-natural" movements.

If the case of a supply contraction, buffer assets are burned.  If enough can not be burned from the buffer, then EMU is purchased from the DEX, held for a short period in "limbo" and burnt later if the system doesn't return to an expansive state.

That is a VERY simplified explanation of whats going on, there is plenty of further detail required on the algorithms and mechanisms at play to get a fuller understanding, but the above should be enough to at least have an idea.

[...]

Really curious about those "details".
For now I would call it playing with fire.

[ExtremeFacials.com]

[...]

At go live, the buffer will be credited with 10% of the total amount of currency the system is started with, so if there is 1M EMU at launch, the buffer will be credited with 100,000.  This should be enough to cover almost all short term pump/dump movements.  The buffer also receives 10% of all new currency being issued, (and in the cases where the buffer is low, system revenue from fees) so as to ensure its purchasing power -> currency ratio is always adequate to guard against "un-natural" movements.

If the case of a supply contraction, buffer assets are burned.  If enough can not be burned from the buffer, then EMU is purchased from the DEX, held for a short period in "limbo" and burnt later if the system doesn't return to an expansive state.

That is a VERY simplified explanation of whats going on, there is plenty of further detail required on the algorithms and mechanisms at play to get a fuller understanding, but the above should be enough to at least have an idea.

[...]

Really curious about those "details".
For now I would call it playing with fire.

caveman who played with fire eventually discovered BBQ ribs ... YUMMY!! Much better than raw mammoth steaks, just ask Bear Gryls, that dude drinks his own piss ... I'm sure Bear is just as excited at the prospect of chowing down on some flame grilled EMU as many here on this forum. I respect Fuserleer for playing with fire!!

[Fuserleer]

[...]

At go live, the buffer will be credited with 10% of the total amount of currency the system is started with, so if there is 1M EMU at launch, the buffer will be credited with 100,000.  This should be enough to cover almost all short term pump/dump movements.  The buffer also receives 10% of all new currency being issued, (and in the cases where the buffer is low, system revenue from fees) so as to ensure its purchasing power -> currency ratio is always adequate to guard against "un-natural" movements.

If the case of a supply contraction, buffer assets are burned.  If enough can not be burned from the buffer, then EMU is purchased from the DEX, held for a short period in "limbo" and burnt later if the system doesn't return to an expansive state.

That is a VERY simplified explanation of whats going on, there is plenty of further detail required on the algorithms and mechanisms at play to get a fuller understanding, but the above should be enough to at least have an idea.

[...]

Really curious about those "details".
For now I would call it playing with fire.

caveman who played with fire eventually discovered BBQ ribs ... YUMMY!! Much better than raw mammoth steaks, just ask Bear Gryls, that dude drinks his own piss ... I'm sure Bear is just as excited at the prospect of chowing down on some flame grilled EMU as many here on this forum. I respect Fuserleer for playing with fire!!

Hah!  You sir, win comment of the day!

[LiQio]

[...]

At go live, the buffer will be credited with 10% of the total amount of currency the system is started with, so if there is 1M EMU at launch, the buffer will be credited with 100,000.  This should be enough to cover almost all short term pump/dump movements.  The buffer also receives 10% of all new currency being issued, (and in the cases where the buffer is low, system revenue from fees) so as to ensure its purchasing power -> currency ratio is always adequate to guard against "un-natural" movements.

If the case of a supply contraction, buffer assets are burned.  If enough can not be burned from the buffer, then EMU is purchased from the DEX, held for a short period in "limbo" and burnt later if the system doesn't return to an expansive state.

That is a VERY simplified explanation of whats going on, there is plenty of further detail required on the algorithms and mechanisms at play to get a fuller understanding, but the above should be enough to at least have an idea.

[...]

Really curious about those "details".
For now I would call it playing with fire.

caveman who played with fire eventually discovered BBQ ribs ... YUMMY!! Much better than raw mammoth steaks, just ask Bear Gryls, that dude drinks his own piss ... I'm sure Bear is just as excited at the prospect of chowing down on some flame grilled EMU as many here on this forum. I respect Fuserleer for playing with fire!!

Hah!  You sir, win comment of the day!

Better wait until the day is over with awarding comments.
Playing with fire and being the overhasty type of guy is a dangerous combination