|
rdewilde
|
 |
May 17, 2016, 03:37:32 PM |
|
The rough start before the coin even launched just gives it more of the feel of a coin from the past. Not a good sign. Also, the fact they are launching a "gaming" coin with no games is not smart at all. This is the same situation as XPY, absolutely ZERO utility. Without the games, what is the point of ION?
The evidence of how poorly planned out this project is becomes more apparent every day. With no games the price is just gonna drop, and son the ICO investors will be screwed out of even more money.
Was it stated in the white paper that no games would be available upon launch? Was it stated anywhere in the ICO promotions that games for this "gaming" coin would not be available at launch? This all is super shady, but expected by this team of nice guys.
It was never stated anywhere that games would be available upon launch of the coin. But you seem to be very excited, you want everything on day one of the coin launch? ... The OP said there were to be 5 million coins offered in the ICO, it didn't appear to sell 5 million coins, yet all 10,900,000 coins were minted anyway. Where are the leftovers? What will be done with them? ... Will be transferred to dev bounty funds (so will not hit the market now) and it has been said the fund will be published on the blockchain (so including wallet address, although it should not be a problem to find such a big wallet anyway  ) |
|
|
|
|
|
|
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
rdewilde
|
|
May 17, 2016, 03:39:20 PM |
|
...
Masternodes have variable returns. How does this work with fixed staker return? What happens if the Masternodes don't cover the stakers? What happens to the coins if it produces more than the staker payout?
...
It'll average out, law of great numbers. Or team ION will spend it on hookers. I can't say. |
|
|
|
suchmoon
Legendary
 Offline
Activity: 3654
Merit: 8909
https://bpip.org
|
|
May 17, 2016, 03:46:28 PM |
|
Ah, didn't know that, and didn't think to check that because POS wasn't supposed to start until block 2000. Can't find any now, but I'm pretty sure I saw some blocks that said "mint 23" after clicking on the "i" similarly to how block 1 minted 10,900,000 coins. The latest 23 coin transactions appear to be POS rewards (even though we aren't at block 2000) and don't have the word "mint" after you click on the "i."
What the hell is going on?
My guess would be that it's currently in hybrid POW/POS mode and will go POS-only at block 2000. I think that's how Blackcoin did it (different block number of course). I doubt ION devs would have invented something new here. |
|
|
|
|
CryptoBuds
Legendary
Offline
Activity: 2058
Merit: 1042
HODL
|
|
May 17, 2016, 03:59:23 PM |
|
...
Masternodes have variable returns. How does this work with fixed staker return? What happens if the Masternodes don't cover the stakers? What happens to the coins if it produces more than the staker payout?
...
It'll average out, law of great numbers. Or team ION will spend it on hookers. I can't say. I'm cool with them spending it on hookers, everybody needs a piece now and then. Just as long as they are up front about it. |
|
|
|
|
korvas128
|
|
May 17, 2016, 04:12:52 PM |
|
Not quite sure what you are talking about. But if it puts a smile on your face I'm happy to be moderated, whatever that means. Ah, that post. I deleted it myself. Thought it may have been too much information in one post for you to comprehend.
Anyway...
Is the team planning to store the bounty coins in a cold storage address?
Masternodes have variable returns. How does this work with fixed staker return? What happens if the Masternodes don't cover the stakers? What happens to the coins if it produces more than the staker payout?
Will you play the game of answering questions with me? Or will you now ignore me as I have asked some real questions again.
Your probably right, you called me a dumb fuck then tumbleweed can't remember............. Anyway in answer to your questions Is the team planning to store the bounty coins in a cold storage address? Yes, No, Maybe, Masternodes have variable returns. How does this work with fixed staker return? Magic What happens if the Masternodes don't cover the stakers? The internet breaks What happens to the coins if it produces more than the staker payout? All excess coins turn to chocolate |
|
|
|
|
ladrx
|
|
May 17, 2016, 04:19:34 PM |
|
Wallet works great.  |
Adam Matlack 1/5/2014: "Not but 30 seconds later, the Holy Spirit slapped me upside the head and said "what are you thinkin'? What are you doin'?" It was an emphatic "NO". And I got - just guilt started to cover me"
|
|
|
|
|
|
ladrx
|
|
May 17, 2016, 04:22:10 PM |
|
|
Adam Matlack 1/5/2014: "Not but 30 seconds later, the Holy Spirit slapped me upside the head and said "what are you thinkin'? What are you doin'?" It was an emphatic "NO". And I got - just guilt started to cover me"
|
|
|
|
ladrx
|
|
May 17, 2016, 04:25:30 PM |
|
Don't worry, guys, ion team is super on top of things:  |
Adam Matlack 1/5/2014: "Not but 30 seconds later, the Holy Spirit slapped me upside the head and said "what are you thinkin'? What are you doin'?" It was an emphatic "NO". And I got - just guilt started to cover me"
|
|
|
simdude
Member
Offline
Activity: 97
Merit: 11
|
|
May 17, 2016, 04:25:39 PM |
|
Wallet works great. Some mac users are having issues. The devs created clean enviroments to test on and everything works. So you can only expect something small is different on the end users machine. They don't know yet but are looking into it. |
|
|
|
|
simdude
Member
Offline
Activity: 97
Merit: 11
|
|
May 17, 2016, 04:26:52 PM |
|
You have to build secp256k before you build the wallet for a d on linux. That is what he ran into if i am correct |
|
|
|
|
|
ladrx
|
|
May 17, 2016, 04:30:01 PM |
|
Clearly, this coin is going to take the world by storm! It's so easy to use, anyone can do it!  |
Adam Matlack 1/5/2014: "Not but 30 seconds later, the Holy Spirit slapped me upside the head and said "what are you thinkin'? What are you doin'?" It was an emphatic "NO". And I got - just guilt started to cover me"
|
|
|
|
ladrx
|
|
May 17, 2016, 04:31:27 PM |
|
You have to build secp256k before you build the wallet for a d on linux. That is what he ran into if i am correct LOL, and you guys expect to get the general public to adopt this technology? Good luck getting anyone outside your ion/paycoin echo chamber to spend more than 3 minutes on this shit. |
Adam Matlack 1/5/2014: "Not but 30 seconds later, the Holy Spirit slapped me upside the head and said "what are you thinkin'? What are you doin'?" It was an emphatic "NO". And I got - just guilt started to cover me"
|
|
|
|
ladrx
|
|
May 17, 2016, 04:34:07 PM |
|
This "issue" was fixed in minutes and the cause was missing a dependency on the local machine. I can't see how this is of any relevance for this discussion. It's relevant because it demonstrates that this "launch" is an abortion and that no average user who is not already a paycoin fanboi is going to spend more than a couple minutes trying to get this to work before giving up. Not surprising this is the product brought to you by a moron who was dumb enough to lose 6 figures to Garza (still don't actually believe this). |
Adam Matlack 1/5/2014: "Not but 30 seconds later, the Holy Spirit slapped me upside the head and said "what are you thinkin'? What are you doin'?" It was an emphatic "NO". And I got - just guilt started to cover me"
|
|
|
suchmoon
Legendary
Offline
Activity: 3654
Merit: 8909
https://bpip.org
|
|
May 17, 2016, 04:35:10 PM |
|
That's one lucky node... 50% of all block rewards. Although that does make some sort of perverted sense. There is nobody to compete with until block 2000 so one masternode is enough. |
|
|
|
|
|
ladrx
|
|
May 17, 2016, 04:36:34 PM |
|
Your fearless leader Adam Matlack posting stupid GIFs instead of addressing problems.  |
Adam Matlack 1/5/2014: "Not but 30 seconds later, the Holy Spirit slapped me upside the head and said "what are you thinkin'? What are you doin'?" It was an emphatic "NO". And I got - just guilt started to cover me"
|
|
|
|
IOTUSA
|
|
May 17, 2016, 04:37:36 PM |
|
That's one lucky node... 50% of all block rewards. Although that does make some sort of perverted sense. There is nobody to compete with until block 2000 so one masternode is enough. Another masternode scam with shitty installers and 'we're gonna disrupt facebook' plans. 1 satoshi in a week on Yobit or some other joke exchange. |
|
|
|
|
skinnyboy
|
|
May 17, 2016, 04:41:21 PM |
|
This "issue" was fixed in minutes and the cause was missing a dependency on the local machine. I can't see how this is of any relevance for this discussion. I love the way paycoiners ionomists keep popping up claiming something is irrelevant... So, the launch has happened, there's been some issues, as per expectations...not the first coin to run into problems on launch. What is interesting to me though are the questions regarding how the boosts are going to work if the ionomy team are running prime controllers masternodes with fixed % rewards. I wish I could see the maths that was used to work out how this coin is going to function. And I'm utterly leaving aside the issue that Ionomy PTE still doesn't actually exist yet, because we're all well aware by now that the team lied when they launched their ICO. Does anyone know if there will be any third party exchange picking up on this coin, or is it going to be just on the in house exchange? Btw, whoever it is, I forget now, that keeps rambling for half a page about whatever it is, entirely off topic, please stop, ffs. No one is actually bothering with your WOT nonsense. Ta. |
|
|
|
|
IOTUSA
|
|
May 17, 2016, 04:44:06 PM |
|
This "issue" was fixed in minutes and the cause was missing a dependency on the local machine. I can't see how this is of any relevance for this discussion. I love the way paycoiners ionomists keep popping up claiming something is irrelevant... So, the launch has happened, there's been some issues, as per expectations...not the first coin to run into problems on launch. What is interesting to me though are the questions regarding how the boosts are going to work if the ionomy team are running prime controllers masternodes with fixed % rewards. I wish I could see the maths that was used to work out how this coin is going to function. And I'm utterly leaving aside the issue that Ionomy PTE still doesn't actually exist yet, because we're all well aware by now that the team lied when they launched their ICO. Does anyone know if there will be any third party exchange picking up on this coin, or is it going to be just on the in house exchange? Btw, whoever it is, I forget now, that keeps rambling for half a page about whatever it is, entirely off topic, please stop, ffs. No one is actually bothering with your WOT nonsense. Ta. This is literally just a recoup-scam from and for the people that got boned in the ass by Paycoin. |
|
|
|
|
ladrx
|
|
May 17, 2016, 04:45:02 PM |
|
Well, at least he's honest about that  |
Adam Matlack 1/5/2014: "Not but 30 seconds later, the Holy Spirit slapped me upside the head and said "what are you thinkin'? What are you doin'?" It was an emphatic "NO". And I got - just guilt started to cover me"
|
|
|
|
