[VAL] Validity - Decentralized Identities, Custom Assets, Elections, and More!

[mybitcoin101]

What happens to the radium when people use their radium for radon? Does the radium that was used gets transferred to those that mine a block?

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[JJ12880]

What happens to the radium when people use their radium for radon? Does the radium that was used gets transferred to those that mine a block?

yes, that is exactly what happens! 

Whenever someone turns Radium into Radon, the Radium goes to supplement the block reward of the next block.  Basically this means, that as more people start using the SmartChain, the more profitable staking will become.

JJ

[dev0tion]

What happens to the radium when people use their radium for radon? Does the radium that was used gets transferred to those that mine a block?

yes, that is exactly what happens! 

Whenever someone turns Radium into Radon, the Radium goes to supplement the block reward of the next block.  Basically this means, that as more people start using the SmartChain, the more profitable staking will become.

JJ

Indeed, not many people know this and I think even less people realise how great this is.
The more traction Radium gains, the more profitable it will be to just stake your coins (and it's already pretty profitable).

[BoldNinja]

What happens to the radium when people use their radium for radon? Does the radium that was used gets transferred to those that mine a block?

yes, that is exactly what happens! 

Whenever someone turns Radium into Radon, the Radium goes to supplement the block reward of the next block.  Basically this means, that as more people start using the SmartChain, the more profitable staking will become.

JJ

Indeed, not many people know this and I think even less people realise how great this is.
The more traction Radium gains, the more profitable it will be to just stake your coins (and it's already pretty profitable).

Can anyone explain staking a bit more in-depth and how to set this up? I have a some rads on Poloniex and they are long term investment for me so I think staking would do me much better than just leaving it on Polo.

[Melancholy]

Can anyone explain staking a bit more in-depth and how to set this up? I have a some rads on Poloniex and they are long term investment for me so I think staking would do me much better than just leaving it on Polo.

Download the wallet from the OP depending on your operating system and get it synced to the most recent blocks (this can sometimes take a while so you might want to use the bootstrap, ask if you need help with that!) Once your wallet is synced just move your coins from polo to your wallet and your coins will start staking automatically once they're mature!

It's advised you encrypt your wallet to keep your coins safe. Just remember when you encrypt it you must enter your password to unlock your wallet in order to stake.

Don't hesitate to ask more questions or join us in the Slack channel

[BoldNinja]

Can anyone explain staking a bit more in-depth and how to set this up? I have a some rads on Poloniex and they are long term investment for me so I think staking would do me much better than just leaving it on Polo.

Download the wallet from the OP depending on your operating system and get it synced to the most recent blocks (this can sometimes take a while so you might want to use the bootstrap, ask if you need help with that!) Once your wallet is synced just move your coins from polo to your wallet and your coins will start staking automatically once they're mature!

It's advised you encrypt your wallet to keep your coins safe. Just remember when you encrypt it you must enter your password to unlock your wallet in order to stake.

Don't hesitate to ask more questions or join us in the Slack channel

Thank you for very firm instructions - will do it tomorrow and contact you if I run in to any kind of a problem.

[twostepsally]

What happens to the radium when people use their radium for radon? Does the radium that was used gets transferred to those that mine a block?

yes, that is exactly what happens! 

Whenever someone turns Radium into Radon, the Radium goes to supplement the block reward of the next block.  Basically this means, that as more people start using the SmartChain, the more profitable staking will become.

JJ

Indeed, not many people know this and I think even less people realise how great this is.
The more traction Radium gains, the more profitable it will be to just stake your coins (and it's already pretty profitable).

Yes it is. Radium is a great investment.

[CarlGraph]

how do i correctly use walletpassphrase to unlock my wallet for staking only, when running radiumd?

when trying $./radiumd walletpassphrase passphrase 0 stakingonly
i get "error: Error parsing JSON:stakingonly"..?

what can i use for no timeout? "0" seems not to be the correct value.

thanks!

[JJ12880]

how do i correctly use walletpassphrase to unlock my wallet for staking only, when running radiumd?

when trying $./radiumd walletpassphrase passphrase 0 stakingonly
i get "error: Error parsing JSON:stakingonly"..?

what can i use for no timeout? "0" seems not to be the correct value.

thanks!

I dont have a wallet in front of me at the moment, but try using "true" or "True" in place of stakingonly

something like:

Code:

$./radiumd walletpassphrase passphrase 0 true

or

Code:

$./radiumd walletpassphrase passphrase 0 True

JJ

[CarlGraph]

how do i correctly use walletpassphrase to unlock my wallet for staking only, when running radiumd?

when trying $./radiumd walletpassphrase passphrase 0 stakingonly
i get "error: Error parsing JSON:stakingonly"..?

what can i use for no timeout? "0" seems not to be the correct value.

thanks!

I dont have a wallet in front of me at the moment, but try using "true" or "True" in place of stakingonly

something like:

Code:

$./radiumd walletpassphrase passphrase 0 true

or

Code:

$./radiumd walletpassphrase passphrase 0 True

JJ

"true" did unlock it for staking only
but "0" for no timeout doesn't work. it only unlocks the wallet, when the value is >0.

[JJ12880]

Ah, makes sense. Yea I usually just set it to some absurdly large number, unless I have a reason to do otherwise.

JJ

[twostepsally]

Question. ..what future use will radium have as a utility? Does it work similar to eth?

Thanks

[dev0tion]

how do i correctly use walletpassphrase to unlock my wallet for staking only, when running radiumd?

when trying $./radiumd walletpassphrase passphrase 0 stakingonly
i get "error: Error parsing JSON:stakingonly"..?

what can i use for no timeout? "0" seems not to be the correct value.

thanks!

I dont have a wallet in front of me at the moment, but try using "true" or "True" in place of stakingonly

something like:

Code:

$./radiumd walletpassphrase passphrase 0 true

or

Code:

$./radiumd walletpassphrase passphrase 0 True

JJ

"true" did unlock it for staking only
but "0" for no timeout doesn't work. it only unlocks the wallet, when the value is >0.

Yeah I always use some high number as well, like 9999999 or something .

[JJ12880]

Question. ..what future use will radium have as a utility? Does it work similar to eth?

Thanks

That is far to complicated of a question to answer in one post, but below is the link to the wiki, with TONS of detailed information.

https://en.wikibooks.org/wiki/Radium_SmartChain

JJ

[mitchr4]

I dont understand this coin. Its one of the few coins I actually believe has quality devs, low coin count with a burn...it seems like a perfect coin to rise in value, but the communication isn't there. I have no clue whats being worked on right now. How can a coin build momentum if nobody knows whats going on? Its insane to me... Ive heard there are 4 to 6 debs working on this coin, why can't one of them give us some bi weekly updates on whats being done, whats finished, and whats in store in the future? I thought this coin had a PR person....What the fuck are they doing?

Come on. This isn't that hard to create some hype, and get the price back on track.

[Carbs]

I dont understand this coin. Its one of the few coins I actually believe has quality devs, low coin count with a burn...it seems like a perfect coin to rise in value, but the communication isn't there. I have no clue whats being worked on right now. How can a coin build momentum if nobody knows whats going on? Its insane to me... Ive heard there are 4 to 6 debs working on this coin, why can't one of them give us some bi weekly updates on whats being done, whats finished, and whats in store in the future? I thought this coin had a PR person....What the fuck are they doing?

Come on. This isn't that hard to create some hype, and get the price back on track.

Long time reader, never posted before. Made an account just to agree with you and leave some ideas.

Some ideas:

- JJ, you should make it more clear you are involved with RADS. I follow you on Twitter and check all the updates, but I think at first glance people don't know you are associated with this project! Maybe tweet your tweets on the official RADS Twitter?

- A roadmap, because we're interested in upcoming features such as the implementation of the voting system

- Devs, introduce yourself on the RADS website or via a Youtube video! It instills a sense of stability and trust, plus we would all love to get to know you!

- I agree with the (bi)weekly updates, I'm very interested in what's going on and again, a degree of transparency on the dev side instills stability and trust. Plus it would just be cool to read ''The Weekly RADS Counter'', perhaps your project manager can work on this? If he is still on board.  

This young coin has alot of potential, as is clear from the slack chat where we do get sneak peeks of what is in the works, and for once (which is odd in the altcoin scene) the ''online presence'' is lacking instead of the fundamentals!

Cheers!

[Tasunko]

great coin

[dannyman]

I dont understand this coin. Its one of the few coins I actually believe has quality devs, low coin count with a burn...it seems like a perfect coin to rise in value, but the communication isn't there. I have no clue whats being worked on right now. How can a coin build momentum if nobody knows whats going on? Its insane to me... Ive heard there are 4 to 6 debs working on this coin, why can't one of them give us some bi weekly updates on whats being done, whats finished, and whats in store in the future? I thought this coin had a PR person....What the fuck are they doing?

Come on. This isn't that hard to create some hype, and get the price back on track.

The irony of this post being below the developers post from the very same day. I don't see a developer communication problem. What I see is someone who bought before the drop and thinks they are owed a developer induced pump so they sell and buy some thing else.

Is the price lower than many people's personal beliefs? YES but that doesn't mean it has to rise now...today. It's under valued so that's a good thing.

And if you had followed longer term you would know the developer does like a bit of theatrics  actually and is very capable of creating hype.......but he saves his bullets for them so most who follow the project know they will come.....often in 3's or sometimes in like 10's 


The current plan has for a long time as I understand been to refine the tech before the marketing, though it's coming. My only personal wish which I have already got some feedback is getting some real world contracts for businesses using the system for their company or project. It will happen soon I'm sure...

[jasemoney]

Coins up 100, one hundred, ONE HUNDRED times since development on smartchain wrapped up.
Just because it's down by 3 times doesn't mean people aren't or haven't moved around positions. If you bought over 200k sat. You should have looked at coin market cap history first.
It's a great project and the next steps are going to be great and bring more value. But for now, the hype is passed until institutional $$ comes online if that'll happen

[BanzaiBTC]

Radium Block Explorer updated to my latest explorer type..

http://chain.blockpioneers.info/radium

Added:
Charts page - Last 3000 Blocks (Zoomable)
Richlist pie and column chart
Richlist nameclaim (visible in richlist charts )
About Radium toolbar
Major layout improvement



Enjoy!

Notice anything odd? Please pm me.. This is still a beta version...

Cheers,
Banzai