[RaiBlocks] RaiBlocks trading thread

[iTradeChips]

There could be just an agreement with the original devs to hold 10% of the coins, and distribute the rest.

But I believe, the coin should be developed just a little bit more. As I understood, every person (or other instance) could have his own chain. And this this chain could be created and live and die like any person (or other instance) in the world. This is giving the maximum of decentralisation that is possible.

But what if a person is dying and coins on his chain are lost. How are they substituted? The number of Mrai is fix, and this would lead into a deflation, or not?

personally i am okay with the devs taking a chunk of some % out of the undistributed coins. they deserve some of it because they started a good project idea and for all the hardwork. im just not sure what exact % will be acceptable to most users.

i do not understand the part you said about a person having own chain? can you expound more? i do not understand/know this mechanism

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[kneim]

i do not understand the part you said about a person having own chain? can you expound more? i do not understand/know this mechanism

Other's can explain this technical part better to you. Every wallet is riding it's own chain, and they are merged dezentralized. I can't answer, if these individual chains are like sidechains of a master chain. Is there a main chain with this coin?

[iTradeChips]

i do not understand the part you said about a person having own chain? can you expound more? i do not understand/know this mechanism

Other's can explain this technical part better to you. Every wallet is riding it's own chain, and they are merged dezentralized. I can't answer, if these individual chains are like sidechains of a master chain. Is there a main chain with this coin?

i have no clue. i need to readup. and yes there are a lot of technically competent people here who can chime in.

about the inevitable deflation you mentioned, i dunno, maybe introduce a very small % PoS?
there are a lot of good coins out there with fixed supply and i think its okay. BTC itself will end up like this once it reaches the cap of 21M coins.

[Jmild1]

the people with huge loads of raiblocks should initiate a takeover or forking of this project. kaselit already gave up. its okay at least he tried. this has happened with many other coins before. with the right people this coin will be good again. those who can code should step forward. those with bagloads can maybe contribute to give bounties etc. it can be done guys if we want it bad enough.

Does this make sense?

Original devs have a shitload of coins, that they could sell on other's work.
Which persons have huge loads of raiblocks? We will never find out.
My investments into raiblocks are comparable with a donation to the devs. If they don't want to develop even more, they should keep running the network and hand their work over to others. They did a good work until now, and I see no reason or constraint for them to go on.
I myself have no reason to donate more, why should I? Sellers already have some Bitcoins from me.
Theoretically there could be an agreement between human beings, to donate a part of the gains to the project. But man is not human any more, a lot will not do.

So summarized a team of competent devs could simply clone it, and start it from the beginning. How to distribute coins should be discussed before in the community. Human rules should be followed all the time: dezentralization; equal treatment; define the addressee of this coin (no it's not the devs nor the community); how many coins are acceptable to the devs, and how will they be distributed; democratic processes with about 75% agreement; In a human world small instances have always advantages over large instances.

I have seen a lot of greedy stupid comments the last months, and with this team it will not work.

yes its much simpler if it gets cloned and start over again for a fair distribution. i forgot about the possibility that the original devs could just dump the bulk of coins from the undistributed genesis account.

how about this : a coinswap to a fresh clone while making sure the remaining coins from the genesis account do not get to move to swap? in short, only those coins which were farmed through faucets gets to be swapped.

Fair distribution means a diffirent way of distributing the coins? If you tried to change the distribution of this coins it will not get demand as much as old raiblocks had. People only want the way of distribution this coin gave, other than that is not that important for them already.

[kneim]

i do not understand the part you said about a person having own chain? can you expound more? i do not understand/know this mechanism

Other's can explain this technical part better to you. Every wallet is riding it's own chain, and they are merged dezentralized. I can't answer, if these individual chains are like sidechains of a master chain. Is there a main chain with this coin?

i have no clue. i need to readup. and yes there are a lot of technically competent people here who can chime in.

If you have no clue, how can you know that here are technically competent people? The decision of people being competent can only be done by people that are more competent. (The original devs, for example)

about the inevitable deflation you mentioned, i dunno, maybe introduce a very small % PoS?
there are a lot of good coins out there with fixed supply and i think its okay. BTC itslef will end up like this once it reaches the cap of 21M coins.

PoS is mainly for reducing energy consumption, and I think raiblocks have solved this in a perfect way.

PoS can also substitute lost coins, but I would prefer another approach, that I have not solved yet. Every single person/instance should have the possibility to create his own wallet/subchain, and gain some coins with it. I don't know, if once only (on start of living), or on a regular basis (weekly perhaps). And in some way it should become expensive, if this single person/instance tries to create wallets/subchains over and over again. Hint: The poorest people in this world should in tendency get the highest chance to profit from it.

[kneim]

Fair distribution means a diffirent way of distributing the coins? If you tried to change the distribution of this coins it will not get demand as much as old raiblocks had. People only want the way of distribution this coin gave, other than that is not that important for them already.

I like your speculation of what people want. I cannot see any demand of raiblocks, how do you measure it?

[iTradeChips]

kneim what i meant was there are others who can answer you about your question about master chain. there should be a handful of people who have read the whitepaper and know about the stuff. im too lazy to readup now.

regarding the distribution of the remaining coins, i tend to agree we should stick with the faucet after the coinswap because a good part of the interest given to mrai by users is from the faucet distribution.

[kneim]

kneim what i meant was there are others who can answer you about your question about master chain. there should be a handful of people who have read the whitepaper and know about the stuff. im too lazy to readup now.

regarding the distribution of the remaining coins, i tend to agree we should stick with the faucet after the coinswap because a good part of the interest given to mrai by users is from the faucet distribution.

As I understood the faucet could be misused by bots, operated by technically skilled people. This is the opposite of humanity.

[Jmild1]

Fair distribution means a diffirent way of distributing the coins? If you tried to change the distribution of this coins it will not get demand as much as old raiblocks had. People only want the way of distribution this coin gave, other than that is not that important for them already.

I like your speculation of what people want. I cannot see any demand of raiblocks, how do you measure it?

Simple, people here want things to be easy. They just want profit over their time and they don't want something like to invest on to have a profit. The time they saw faucet distribution altcoin, they grab the chance because it is like working with a captcha job where you will be paid specific amount of raiblock per captcha and convert it to sat(by selling) and make a profit. It just cost you time, that's what most people want.

[kneim]

Fair distribution means a diffirent way of distributing the coins? If you tried to change the distribution of this coins it will not get demand as much as old raiblocks had. People only want the way of distribution this coin gave, other than that is not that important for them already.

I like your speculation of what people want. I cannot see any demand of raiblocks, how do you measure it?

Simple, people here want things to be easy. They just want profit over their time and they don't want something like to invest on to have a profit. The time they saw faucet distribution altcoin, they grab the chance because it is like working with a captcha job where you will be paid specific amount of raiblock per captcha and convert it to sat(by selling) and make a profit. It just cost you time, that's what most people want.

Everything in this world can be expressed as a balance. If you want to "profit", whose wealth do you want to take?

[iTradeChips]

kneim what i meant was there are others who can answer you about your question about master chain. there should be a handful of people who have read the whitepaper and know about the stuff. im too lazy to readup now.

regarding the distribution of the remaining coins, i tend to agree we should stick with the faucet after the coinswap because a good part of the interest given to mrai by users is from the faucet distribution.

As I understood the faucet could be misused by bots, operated by technically skilled people. This is the opposite of humanity.

there were measures put in place, like for example IP detection. i dunno if this measure could be perfected so it could no longer be circumvented to be gamed by bot users.

what really happened was those with btc to spare hired people who wanted a quick buck and bought their farmed coins cheap. i think its okay since it is voluntary trade.

[kneim]

kneim what i meant was there are others who can answer you about your question about master chain. there should be a handful of people who have read the whitepaper and know about the stuff. im too lazy to readup now.

regarding the distribution of the remaining coins, i tend to agree we should stick with the faucet after the coinswap because a good part of the interest given to mrai by users is from the faucet distribution.

As I understood the faucet could be misused by bots, operated by technically skilled people. This is the opposite of humanity.

there were measures put in place, like for example IP detection. i dunno if this measure could be perfected so it could no longer be circumvented to be gamed by bot users.

what really happened was those with btc to spare hired people who wanted a quick buck and bought their farmed coins cheap. i think its okay since it is voluntary trade.

This solution is too technically. Think of people that cannot use computers, or even write, have no technical skills (also known as humans). The admin of the subchains of each person in this world should be able to be delegated to a group of specialist having fun on technics and finance.

Example: A not too small group of natural people (dezentralisation), everyone with an own existing subchain, commiting on an existing human or new born child, can create a subchain for him/her. On every week, that this target person is commiting it's existance, it is getting some coins on it's chain (similar to PoS?). (This example is a very rudimentary one, I cannot say if this is right or even solvable).

Whenever one individual person is found using more than one subchain, there should come penalties into account, that makes this theft too expensive to try.

[c2m]

i do not understand the part you said about a person having own chain? can you expound more? i do not understand/know this mechanism

Other's can explain this technical part better to you. Every wallet is riding it's own chain, and they are merged dezentralized. I can't answer, if these individual chains are like sidechains of a master chain. Is there a main chain with this coin?

No, there is no shared chain of blocks as in bitcoin. Every wallet(account) has its own ledger of balances (+/-). When you send rais, you just subtract the balance and add that info to the ledger including the info to what account(address) balance should be rais added to. You broadcast it through the network. Nodes check if that tx is ok and approve it. There is no central block chain (everyone is keeping its own - so no additional cost of hdd space). No POW/POS needed, so no fees needed. And thanks to Collin being pretty clever - he has fit all broadcasted tx info into 1 udp packet so it's damn fast.

I believe if someone relaunch it with swap for old rais and with faucet as a method of "mining" the coin it would be instant success... (I believe Kaselit attempt to launch it via ICO was sadly doomed from the start - but +1 for trying it).

[kneim]

Thanks for clarification. In my opinion dezentralisation is supported by natural rules, and therefore can also be implemented easily in technical stuff. No central blockchain, and a chain for every instance, is the maximum dezentralisation possible. No fee is supporting the poor, they at least have no disadvantage, this is also a natural rule. I'm rather sure this coin is a nice step into a human future. The devs should go on.

[LLec]

What are the last prices for buying/selling? I am curious to see the future of railblocks ...
What about the new project ? Some one can give me a link?

[kneim]

What are the last prices for buying/selling? I am curious to see the future of railblocks ...
What about the new project ? Some one can give me a link?

The devs have shut down their main nodes without notification, and the block explorer also is not running. Because I cannot decide witch blockchain is the current one, from my point of view the game is over. As long as a group of trustworthy devs pick up this project and restart it.

[Jmild1]

What are the last prices for buying/selling? I am curious to see the future of railblocks ...
What about the new project ? Some one can give me a link?

The devs have shut down their main nodes without notification, and the block explorer also is not running. Because I cannot decide witch blockchain is the current one, from my point of view the game is over. As long as a group of trustworthy devs pick up this project and restart it.

It means they have time and they are active but they just don't want to continue this project and rather choose to abandoned a project that's high possibility of progressing fast? What a poor decision to make.

[fiscorcle]

What are the last prices for buying/selling? I am curious to see the future of railblocks ...
What about the new project ? Some one can give me a link?

The devs have shut down their main nodes without notification, and the block explorer also is not running. Because I cannot decide witch blockchain is the current one, from my point of view the game is over. As long as a group of trustworthy devs pick up this project and restart it.

It means they have time and they are active but they just don't want to continue this project and rather choose to abandoned a project that's high possibility of progressing fast? What a poor decision to make.

i don't understand why they abandoned so promising and innovative project, where people could earn money for their work, i'm so disappointed that thay gave up on mrai developement, devs please come back

[c2m]

...The devs should go on.

Agreed. I believe if not Collin M. someone will pick it up and relaunch it.
As long as fork has same foundation and will offer swap for MRais & at least 1 exchange, it will be instant success.
Is there someone who would like to relaunch it (fork, compile wallets, setup public nodes, seeds, setup webapp for coins distribution and also put up donation address for exchange listing - e.g. for Yobit listing ?)

[Xmaseven]

I come on the forum from a lot of time and I read that mrai has no value anymore and there is no a principal chain?!?