Bitcoin Forum
March 19, 2024, 05:03:31 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 [63] 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 ... 345 »
  Print  
Author Topic: [ANN][XEL] Elastic Project - The Decentralized Supercomputer  (Read 450418 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
tomkat
Hero Member
*****
Offline Offline

Activity: 1022
Merit: 507


View Profile
August 19, 2016, 09:37:58 AM
 #1241


Edit: Also to avoid having like 100 different sizes that we have to vote for i would just offer some fixed proposals like: 5m, 10m,50m,100m, 500m, 1B.

Why not offer just 3 options: 5m, 1B and 5B?

1B, 5B? What are you talking about?
If we can't stay with 5M then don't exceed 100m - please...
1710824611
Hero Member
*
Offline Offline

Posts: 1710824611

View Profile Personal Message (Offline)

Ignore
1710824611
Reply with quote  #2

1710824611
Report to moderator
1710824611
Hero Member
*
Offline Offline

Posts: 1710824611

View Profile Personal Message (Offline)

Ignore
1710824611
Reply with quote  #2

1710824611
Report to moderator
"Bitcoin: mining our own business since 2009" -- Pieter Wuille
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1710824611
Hero Member
*
Offline Offline

Posts: 1710824611

View Profile Personal Message (Offline)

Ignore
1710824611
Reply with quote  #2

1710824611
Report to moderator
1710824611
Hero Member
*
Offline Offline

Posts: 1710824611

View Profile Personal Message (Offline)

Ignore
1710824611
Reply with quote  #2

1710824611
Report to moderator
bobmarley650
Legendary
*
Offline Offline

Activity: 1232
Merit: 1001


View Profile
August 19, 2016, 10:00:05 AM
 #1242

I think, There is a need to be a logic between market cap and coin supply, What price do you want to see on exchanges?

100 sat 10 sat 4000 sat  Huh 

bobbtc@protonmail.com / Working day and night
ImI
Legendary
*
Offline Offline

Activity: 1946
Merit: 1019



View Profile
August 19, 2016, 11:26:46 AM
 #1243


Edit: Also to avoid having like 100 different sizes that we have to vote for i would just offer some fixed proposals like: 5m, 10m,50m,100m, 500m, 1B.

Why not offer just 3 options: 5m, 1B and 5B?

1B, 5B? What are you talking about?
If we can't stay with 5M then don't exceed 100m - please...

to me 100m or 500m seems like a good compromise. 1B has the issue that we get a big spread at exchanges which hinders adoption.

to offer only 3 options in the vote isnt needed imo, we can have at least 5.

5m, 21m, 100m, 500m , 1B
tomkat
Hero Member
*****
Offline Offline

Activity: 1022
Merit: 507


View Profile
August 19, 2016, 11:49:00 AM
 #1244

I think, There is a need to be a logic between market cap and coin supply, What price do you want to see on exchanges?

100 sat 10 sat 4000 sat  Huh 

Not less than 10k sat imo.
With 1B coins it would mean 100k BTC market cap which is huge (at least at launch Wink )
Evil-Knievel
Legendary
*
Offline Offline

Activity: 1260
Merit: 1168



View Profile
August 19, 2016, 12:02:01 PM
 #1245

I am almost done with the voting software! I think it's best when the community decides!
twistelaar
Legendary
*
Offline Offline

Activity: 1148
Merit: 1000


View Profile
August 19, 2016, 01:26:34 PM
 #1246

Sorry, but what is wrong with the initial 5M supply as planned?

Would like to understand the reason that there know a voting will be held to change the supply.

Thanks for explaining Smiley
Alondre
Hero Member
*****
Offline Offline

Activity: 714
Merit: 510

Quiero mi bocadillo


View Profile
August 19, 2016, 01:27:19 PM
 #1247

I think the magic number is 100.000.000 XEL Grin

```
Join the XEL revolution!  XEL - Decentralized Grid-computing
XEL WEBSITE | ANNOUNCEMENT THREAD | XEL DISCORD | XEL WIKI
```
ImI
Legendary
*
Offline Offline

Activity: 1946
Merit: 1019



View Profile
August 19, 2016, 01:46:23 PM
 #1248

Sorry, but what is wrong with the initial 5M supply as planned?

Would like to understand the reason that there know a voting will be held to change the supply.

Thanks for explaining Smiley

a.) if marketcap of XEL rises one XEL could become to expensive for small jobs to be done by the network

b.) psychological factors. buying a coin worth 1$ its eventually less favorable than buying a coin worth 0.05$
trader19
Legendary
*
Offline Offline

Activity: 1232
Merit: 1001



View Profile WWW
August 19, 2016, 02:37:05 PM
 #1249

I think the magic number is 100.000.000 XEL Grin
agree tottaly, this amount has been trending with all great projets like eth & lisk ..

Join the Elastic revolution!  Elastic - The Decentralized Supercomputer
ELASTIC WEBSITE | NEW ANNOUNCEMENT THREAD | ELASTIC SLACK | ELASTIC FORUM
bobmarley650
Legendary
*
Offline Offline

Activity: 1232
Merit: 1001


View Profile
August 19, 2016, 02:55:56 PM
 #1250

I think, There is a need to be a logic between market cap and coin supply, What price do you want to see on exchanges?

100 sat 10 sat 4000 sat  Huh 

Not less than 10k sat imo.
With 1B coins it would mean 100k BTC market cap which is huge (at least at launch Wink )

very optimistic  Smiley

bobbtc@protonmail.com / Working day and night
ImI
Legendary
*
Offline Offline

Activity: 1946
Merit: 1019



View Profile
August 19, 2016, 02:59:16 PM
 #1251

I think the magic number is 100.000.000 XEL Grin
agree tottaly, this amount has been trending with all great projets like eth & lisk ..

lisk? LOL
tomkat
Hero Member
*****
Offline Offline

Activity: 1022
Merit: 507


View Profile
August 19, 2016, 04:03:44 PM
 #1252

I think, There is a need to be a logic between market cap and coin supply, What price do you want to see on exchanges?

100 sat 10 sat 4000 sat  Huh 

Not less than 10k sat imo.
With 1B coins it would mean 100k BTC market cap which is huge (at least at launch Wink )

very optimistic  Smiley

Well, it depends on the supply

with current 708.66 BTC and 78.10 % coins purchased, 10k sat gives
-ca. 11x average purchase price for 100M coins
-ca. 0.5x average purchase price for 5M coins

For 1B coins, 10k sat would give massive profit, but obviously it's not realistic.

If 100M coins wins, then 5k sat will be fine for me Smiley
bspus
Legendary
*
Offline Offline

Activity: 2165
Merit: 1002



View Profile
August 19, 2016, 04:13:42 PM
 #1253

How are we gonna be voting when there is no wallet and we don't have the coins in the first place?

If we do have wallet and coins what are we gonna vote for? A coin swap?

Please explain what the problem is with 5m coins? Just let the work prices float. There is enough granularity with 8 decimal digits available.
It's no different than having 500m with 6 decimal digits at least as far as the system is concerned. What changes is the exchange price.

Unless there is something I don't understand

Evil-Knievel
Legendary
*
Offline Offline

Activity: 1260
Merit: 1168



View Profile
August 19, 2016, 04:27:16 PM
 #1254

You will be voting using signatures.
I have worked the whole night to adapt "Bitcoinocracy" to XEL. Its almost finished. Some changes were made so you can't downvote, and you have limited-time "Questions" with multiple alternatives.

It will be pretty easy.

Evil-Knievel
Legendary
*
Offline Offline

Activity: 1260
Merit: 1168



View Profile
August 19, 2016, 04:29:27 PM
 #1255

... and a small addition: Ruby on Rails (Bitcoinocracy's choice) is a pain in the ass. No wonder, services based on it are hacked so often  Undecided
ImI
Legendary
*
Offline Offline

Activity: 1946
Merit: 1019



View Profile
August 19, 2016, 06:57:24 PM
 #1256

How are we gonna be voting when there is no wallet and we don't have the coins in the first place?

If we do have wallet and coins what are we gonna vote for? A coin swap?

Please explain what the problem is with 5m coins? Just let the work prices float. There is enough granularity with 8 decimal digits available.
It's no different than having 500m with 6 decimal digits at least as far as the system is concerned. What changes is the exchange price.

Unless there is something I don't understand

there is a discussion in this thread going on since quite a while now what coin supply is the optimal solution. so its the absolutely logical way to have a coin vote about that issue. if you like 5m you are free to vote for 5m.

voting works the same way as claiming the XEL at a later moment. by now you should already be well aware off how claiming is planned and working.
trader19
Legendary
*
Offline Offline

Activity: 1232
Merit: 1001



View Profile WWW
August 19, 2016, 07:29:11 PM
Last edit: August 19, 2016, 07:47:42 PM by trader19
 #1257

yea, 0 Blocks TIME LEFT  Smiley congrats on successful ICO.. now how and when are tokens getting distributed? and as i understood the rest 21% of unbought tokens will get distributed among participants depending on donated percentage right?

edit: will be voting this week?

Join the Elastic revolution!  Elastic - The Decentralized Supercomputer
ELASTIC WEBSITE | NEW ANNOUNCEMENT THREAD | ELASTIC SLACK | ELASTIC FORUM
xtester
Hero Member
*****
Offline Offline

Activity: 840
Merit: 500


Risk taker & Black Swan farmer.


View Profile
August 19, 2016, 07:46:05 PM
 #1258


Edit: Also to avoid having like 100 different sizes that we have to vote for i would just offer some fixed proposals like: 5m, 10m,50m,100m, 500m, 1B.

Why not offer just 3 options: 5m, 1B and 5B?

1B, 5B? What are you talking about?
If we can't stay with 5M then don't exceed 100m - please...

to me 100m or 500m seems like a good compromise. 1B has the issue that we get a big spread at exchanges which hinders adoption.

to offer only 3 options in the vote isnt needed imo, we can have at least 5.

5m, 21m, 100m, 500m , 1B

Do you think the spread issue would be so serious as to really exhibit that effect? I doubt it. Plus, a 1B cap would also help due to reasons you've already mentioned below.

Anyway, if 1B would be too much, I guess 500m would be my choice.
ImI
Legendary
*
Offline Offline

Activity: 1946
Merit: 1019



View Profile
August 19, 2016, 08:01:12 PM
 #1259


Edit: Also to avoid having like 100 different sizes that we have to vote for i would just offer some fixed proposals like: 5m, 10m,50m,100m, 500m, 1B.

Why not offer just 3 options: 5m, 1B and 5B?

1B, 5B? What are you talking about?
If we can't stay with 5M then don't exceed 100m - please...

to me 100m or 500m seems like a good compromise. 1B has the issue that we get a big spread at exchanges which hinders adoption.

to offer only 3 options in the vote isnt needed imo, we can have at least 5.

5m, 21m, 100m, 500m , 1B

Do you think the spread issue would be so serious as to really exhibit that effect? I doubt it. Plus, a 1B cap would also help due to reasons you've already mentioned below.

Anyway, if 1B would be too much, I guess 500m would be my choice.

500m seems like a really good choice imo
Evil-Knievel
Legendary
*
Offline Offline

Activity: 1260
Merit: 1168



View Profile
August 19, 2016, 08:36:09 PM
 #1260

yea, 0 Blocks TIME LEFT  Smiley congrats on successful ICO.. now how and when are tokens getting distributed? and as i understood the rest 21% of unbought tokens will get distributed among participants depending on donated percentage right?

edit: will be voting this week?

Expect the voting tomorrow  Wink
Pages: « 1 ... 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 [63] 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 ... 345 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!