[RaiBlocks] RaiBlocks trading thread

[wasref]

what is wrong with the faucet. there is nothing wrong with it. every 3 min is fine more new people get involved the faster distribution plus this will gain massive interest as the surge will crash the site great publicity.

you can reduce amount from 100

[1715502340]

1715502340

[1715502340]

1715502340

[1715502340]

1715502340

[1715502340]

1715502340

[cyberhacker]

or make 500 XRB one time with 1 minutes interval.

all 80% open for distribution. to speed up the procedure.

20% reserve for dev.

I think we can save pain and time in this way to finish distribution as soon as possible.

leave the market to decide who will hold or dump.

[ajareselde]

Many people have pointed out to me that the faucet is a very complicated way to for people to purchase Mrai.  Payment goes to people who are willing to wait for and click the captcha and in return they get the faucet payout for the amount they want.

People have recommended that rather than having a complex system we should simplify the way this is distributed and I think their advice is good.

The simplest way to get these out to people is to auction them in lots which for year 1 on the distribution schedule is 475k per day.  I'll conduct and auction thread on the RaiBlocks forum which will stay open for 24 hours after which I'll accept the 7 highest bids, no matter how low, and will send them each 1 lot.

I made a post about this in the main ANN thread as well but I know this is relevant to the people here the most so I wanted to make sure it was specifically called out.

The auction is conducted in this thread:
https://groups.google.com/forum/#!topic/raiblocks/h7u7b1lTgLE

The only reason why people are interested in this coin was due to it's fair distribution, and now you have ruined it.
Good luck, but i don't think people will be interested in it now. Guess greed indeed is eternal.

[cyberhacker]

Many people have pointed out to me that the faucet is a very complicated way to for people to purchase Mrai.  Payment goes to people who are willing to wait for and click the captcha and in return they get the faucet payout for the amount they want.

People have recommended that rather than having a complex system we should simplify the way this is distributed and I think their advice is good.

The simplest way to get these out to people is to auction them in lots which for year 1 on the distribution schedule is 475k per day.  I'll conduct and auction thread on the RaiBlocks forum which will stay open for 24 hours after which I'll accept the 7 highest bids, no matter how low, and will send them each 1 lot.

I made a post about this in the main ANN thread as well but I know this is relevant to the people here the most so I wanted to make sure it was specifically called out.

The auction is conducted in this thread:
https://groups.google.com/forum/#!topic/raiblocks/h7u7b1lTgLE

The only reason why people are interested in this coin is due to it's distribution, and now you have ruined it.
Good luck, but i don't think people will be interested in it now. Guess greed indeed is eternal.

+10000000

bid auction is most notorious way for distribution I have ever seen.

[interbtc]

Selling 8600 mrai , price 250 sat per one. Feel free to PM me . thank you
RIP mrai

[axlroses]

Selling 8600 mrai , price 250 sat per one. Feel free to PM me . thank you
RIP mrai

i think this part of the effect is happening today.

[Navesh Sapad]

Still the faucet is off ? Any idea when it will be back ? Nobody contacted developers ?

[Digital_Lord]

Still the faucet is off ? Any idea when it will be back ? Nobody contacted developers ?

faucet will not open now. raiblock.net devolopers decided to auction their distributional Mra in google group. so they are now selling Mrai. not giving for free.

[jibble]

Still the faucet is off ? Any idea when it will be back ? Nobody contacted developers ?

faucet will not open now. raiblock.net devolopers decided to auction their distributional Mra in google group. so they are now selling Mrai. not giving for free.

We are discussing it in the main thread , He is willing to consider other options rather than the auction style , if you wish to contribute constructive ideas to make the coin fairer and easier to deal with on the dev then please join the discussion : https://bitcointalk.org/index.php?topic=1381323.660

The proposals I've heard are:
Drop based on BOINC mining: I view this is similar to plain old PoW, people with the most invested in mining hardware get everything. Better than traditional wasted PoW since it's more useful but it's not particularly more fair. This is also hard to set up and it's unknown if it can be gamed long term

Longer faucet times: In principle this solves the load problem but it's also easy to game. As someone else in this thread pointed out there's no way to prove an identity on the Internet. What we can prove is IP, browser cookies, time spent on capcha. If we made the time longer, what someone can do is get a multitude of IPs, each having their own cookie expiration timer running and very little effort solving N capchas. This person would get rai out of the faucet at whatever N they could swing.

Continue with faucet distribution and cut off when amount reached: This is still effectively a sale. Capcha clickers get paid and people wanting large quantities of rai do the paying.  The only difference between this method and the auction is capcha clickers get paid rather than me. I don't begrudge them wanting payment though it isn't obvious to me how this is very different.  At any rate I don't feel like running and developing a network when my time is monopolized by people who expect and downright demand the faucet be continuously operating for them.

thanks for your opinions , are you willing to change to some other method instead of the auction if some form of semi mutual consensus is reached here in the forum?

Is there any possible multi pronged method , that can cater to multiple people option ? i ask because something too complex would obviously take time away from you and your work on the coin , but might also lead to more complaints but i think it might be more beneficial , like a random example, some people have plenty of time, some have non , some have hardware some have simple internet

so 1/3 faucet
1/3 bionic
1/3 something else

If any agreement is made today and implemented then you have a huge amount of people who have joined the discussion and agreed to something, so anyone in the future complaining the faucet is not working and there has been an agreement of , "it gets topped up once a day and that's it" you will now have a small army of people that can tell people straight away the situation and help with those sorts of things, because i dont think many people were aware of it before

I'm definitely interested if anything could be agreed upon, I think someone pointed out earlier that he's seen countless threads discussing different methods with no conclusion and everyone unhappy.

There are people who are interested in the tech and see the possibilities, I think many from the weekend influx and outflux from the faucet being turned off were never really that interested. Maybe some though, we'll see.

[hakanbalta577]

Normally I want to hold these mrais but because of the last situationS, I want to sell;


134800 mrais, each 250 satoshis, total 0,337 BTC

[cyberhacker]

Normally I want to hold these mrais but because of the last situationS, I want to sell;


134800 mrais, each 250 satoshis, total 0,337 BTC

due to the situation, i am still insist on 160 sats.

[brianlee01]

Hello there i want to sell my 5000 mrai for 350 satoshis.

Feel free to PM me if you want to buy

[lujunqing7890]

Buy 500,000 Mrai at 0.00000220 BTC = 1.1 BTC

[hakanbalta577]

Buy 500,000 Mrai at 0.00000220 BTC = 1.1 BTC

I tried to sell my 134800 mrais to lujunqing7890 with 220 satoshis price. Then he accepted that. After his acception I contact with jibble to help us to be an escrow.
But after this time lujunqing7890 was offline and he didnt answer any messages which in group conversation with jibble in too.
I hope only that he had a job and had to go immediately or I suggest everyone that use escrow especially for the new members.

[cyberhacker]

Buy 500,000 Mrai at 0.00000220 BTC = 1.1 BTC

I tried to sell my 134800 mrais to lujunqing7890 with 220 satoshis price. Then he accepted that. After his acception I contact with jibble to help us to be an escrow.
But after this time lujunqing7890 was offline and he didnt answer any messages which in group conversation with jibble in too.
I hope only that he had a job and had to go immediately or I suggest everyone that use escrow especially for the new members.

PM if you are willing to sell at 160 sats.

we do not need escrow, i already bought many in this thread.

[relq]

Selling my 16.800 MRAI at 200 sat each. I won't go first and i prefer using escrow if you won't go first too.

[hakanbalta577]

Buy 500,000 Mrai at 0.00000220 BTC = 1.1 BTC

I tried to sell my 134800 mrais to lujunqing7890 with 220 satoshis price. Then he accepted that. After his acception I contact with jibble to help us to be an escrow.
But after this time lujunqing7890 was offline and he didnt answer any messages which in group conversation with jibble in too.
I hope only that he had a job and had to go immediately or I suggest everyone that use escrow especially for the new members.

PM if you are willing to sell at 160 sats.

we do not need escrow, i already bought many in this thread.

Thank you for your interest. But I want to wait. Somebody can accept at least 220 sats. Or it will be a good investment.

[cyberhacker]

Buy 500,000 Mrai at 0.00000220 BTC = 1.1 BTC

I tried to sell my 134800 mrais to lujunqing7890 with 220 satoshis price. Then he accepted that. After his acception I contact with jibble to help us to be an escrow.
But after this time lujunqing7890 was offline and he didnt answer any messages which in group conversation with jibble in too.
I hope only that he had a job and had to go immediately or I suggest everyone that use escrow especially for the new members.

PM if you are willing to sell at 160 sats.

we do not need escrow, i already bought many in this thread.

Thank you for your interest. But I want to wait. Somebody can accept at least 220 sats. Or it will be a good investment.

no one would pay that high. given the situation of uncertainty.

[Ardenyham]

Since the price is gonna dump a lot, i pay at once 10€ (in btc 0.02685357) for each 100,000 Mrai block. Contact me in pvt for dealing.

faucet is not working any more. how we can get Mrai and trade them. if there is not any working way to get it?

[hakanbalta577]

Buy 500,000 Mrai at 0.00000220 BTC = 1.1 BTC

I tried to sell my 134800 mrais to lujunqing7890 with 220 satoshis price. Then he accepted that. After his acception I contact with jibble to help us to be an escrow.
But after this time lujunqing7890 was offline and he didnt answer any messages which in group conversation with jibble in too.
I hope only that he had a job and had to go immediately or I suggest everyone that use escrow especially for the new members.

Firstly, jibble thank you for your helps as an escrow.

lujunqing7890 sent the btc to jibble and now jibble is sending to me. Selling is completed.

Thanks again.