[old thread] - RISE | DPOS | APPS & DAPPS

[McVenture]

DEVs

1) Guys when Fordzhing for delegates to be launched ??
(At least approximate or exact timing name ..)

2) So is why there is not any marketing ??

3) And what is being done to add to the new Exchanges ??

Thank you for your detailed answers to these questions !

Hi @QSiontex, thank you for taking the time to ask these questions.

1) A hard release date hasn't been set for it. The Delegate system will be opened up for the community as soon as we deem it ready and stable, so that the Nodes of the top 101 Delegates who are voted in by the community can start forging RISE. It is the Dev Team's number one priority to lay down a solid foundation for the RISE platform and release the new code only after extensive testing and security auditing is completed to satisfaction. The Delegate system is being redesigned to split the nodes into Delegate nodes and Core nodes. More in-depth details of this redesign has been published in the Developers Blog on the official RISE forum:
http://forum.rise.vision/topic/41/dev-team-core-nodes-delegate-nodes

2) This question was recently answered in our September RISE DEV Q&A. Promotions and marketing will start once the new delegate / core node code is released, and we get our documentation up to par. http://forum.rise.vision/topic/53/results-of-rise-developers-q-a-september-2016

3)  We're focused on adding real value to RISE through developing a rock-solid and stable platform and to complete the milestones as laid out in our road map. As development progresses and real world applications are being released we believe it will drive demand and it will eventually catch the attention of exchanges that haven't listed RISE yet.

In addition, RISE has been added to the voting list of Cryptopia as well as C-CEX and the community can help us to get RISE listed there by voting via the following links:
https://www.cryptopia.co.nz/Vote
https://c-cex.com/?id=vote

[1714674250]

1714674250

[1714674250]

1714674250

[McVenture]

Hi,

Why is the supply higher than the 100m the ICO stated? Where do the rest of those coins come from / is there more coins to be created?
Thanks

Great question! The excess coins are all from forging by the Delegate Nodes. Hope this answers your questions!

@Wexfgy12,

To elaborate on RiseGal's accurate response to your question, it's the pre-coded rate of inflation in Rise, the block rewards through 'forging' are the incentive to have multiple delegates securing the network. This has been explained in detail in the RISE White Paper.  

Over the next 5 years RISE has the following rate of inflation:

Year 1: 15 RISE per block, 115,768,000 Total coins with 15.77% annual inflation rate
Year 2: 12 RISE per block, 128,382,400 Total coins with 10.90% annual inflation rate
Year 3:   9 RISE per block, 137,843,200 Total coins with 7.37% annual inflation rate
Year 4:   6 RISE per block, 144,150,400 Total coins with 4.58% annual inflation rate
Year 5:   3 RISE per block, 147,304,000 Total coins with 2.19% annual inflation rate
Year 6+: 0 Rise per block and therefore 0% inflation.

At the end of the the fifth year there is 0 block reward and transaction fees alone will sustain the network.

This is really unfair, the devs get all the new forged coins now.
That means they have 15,768,000 coins the first year combined with the "9 million to be withheld by the development team" make a total of:

24,768,000 coins for the developers!!

I calculated the percentages and found out that they then have more then 21% of all the coins!  

What happens when you decide to dump a few million coins to raise some cash

Your outrageous developers fund makes this coin even worse then the interest and the bonuses that the banks get!

.

Hello @jorrr,

We've touched on this question before, but it's good that you bring it up so we can clarify it once again and to get a constructive and fruitful discussion going regarding the matter.

What will happen to the forged RISE tokens

So to rephrase the question: what will actually happen with the tokens that have been and are currently being forged by the Genesis Delegate Nodes until the time when the new Delegate code is ready for release and the community can start taking over by running their own nodes and forging RISE themselves?

Let's start by making clear that these tokens are not disappearing in the Dev team's pocket and they will most certainly not be dumped to raise cash. We'll make a proposition of how they are to be spent and let the community decide if they agree on it or not... It will be comprised of bounties, DAPP developments and other things that will benefit the community and raise the value of the RISE platform.

If you or others reading this have inspiring ideas of how it is to be spent then please voice it by all means. I've opened a new thread on this subject at the RISE forum where you can submit your ideas and discuss the matter further with our team and the community:

-->  http://forum.rise.vision/topic/54/what-shall-we-do-with-the-forged-rise-tokens-submit-your-ideas-and-discuss

[jorrr]

Is this huge buywall from the Dev Team to support the price?

don't think so!

To the one holding up the buy wall, remove it and see what the real value is of Rise coin

[QSiontex]

DEVs

1) Guys when Fordzhing for delegates to be launched ??
(At least approximate or exact timing name ..)

2) So is why there is not any marketing ??

3) And what is being done to add to the new Exchanges ??

Thank you for your detailed answers to these questions !

Hi @QSiontex, thank you for taking the time to ask these questions.

1) A hard release date hasn't been set for it. The Delegate system will be opened up for the community as soon as we deem it ready and stable, so that the Nodes of the top 101 Delegates who are voted in by the community can start forging RISE. It is the Dev Team's number one priority to lay down a solid foundation for the RISE platform and release the new code only after extensive testing and security auditing is completed to satisfaction. The Delegate system is being redesigned to split the nodes into Delegate nodes and Core nodes. More in-depth details of this redesign has been published in the Developers Blog on the official RISE forum:
http://forum.rise.vision/topic/41/dev-team-core-nodes-delegate-nodes

2) This question was recently answered in our September RISE DEV Q&A. Promotions and marketing will start once the new delegate / core node code is released, and we get our documentation up to par. http://forum.rise.vision/topic/53/results-of-rise-developers-q-a-september-2016

3)  We're focused on adding real value to RISE through developing a rock-solid and stable platform and to complete the milestones as laid out in our road map. As development progresses and real world applications are being released we believe it will drive demand and it will eventually catch the attention of exchanges that haven't listed RISE yet.

In addition, RISE has been added to the voting list of Cryptopia as well as C-CEX and the community can help us to get RISE listed there by voting via the following links:
https://www.cryptopia.co.nz/Vote
https://c-cex.com/?id=vote

HI McVenture

It can be a little more information about Fordzhinga start ... ??
much about him wait, week, month, or next year ...?

Thanks!

[lokojones]

Hi,

Why is the supply higher than the 100m the ICO stated? Where do the rest of those coins come from / is there more coins to be created?
Thanks

Great question! The excess coins are all from forging by the Delegate Nodes. Hope this answers your questions!

@Wexfgy12,

To elaborate on RiseGal's accurate response to your question, it's the pre-coded rate of inflation in Rise, the block rewards through 'forging' are the incentive to have multiple delegates securing the network. This has been explained in detail in the RISE White Paper.  

Over the next 5 years RISE has the following rate of inflation:

Year 1: 15 RISE per block, 115,768,000 Total coins with 15.77% annual inflation rate
Year 2: 12 RISE per block, 128,382,400 Total coins with 10.90% annual inflation rate
Year 3:   9 RISE per block, 137,843,200 Total coins with 7.37% annual inflation rate
Year 4:   6 RISE per block, 144,150,400 Total coins with 4.58% annual inflation rate
Year 5:   3 RISE per block, 147,304,000 Total coins with 2.19% annual inflation rate
Year 6+: 0 Rise per block and therefore 0% inflation.

At the end of the the fifth year there is 0 block reward and transaction fees alone will sustain the network.

This is really unfair, the devs get all the new forged coins now.
That means they have 15,768,000 coins the first year combined with the "9 million to be withheld by the development team" make a total of:

24,768,000 coins for the developers!!

I calculated the percentages and found out that they then have more then 21% of all the coins!  

What happens when you decide to dump a few million coins to raise some cash

Your outrageous developers fund makes this coin even worse then the interest and the bonuses that the banks get!

That's why so many people call this a scam, because they said no more coins before ico enda, but now, they changed the terms, pathetic fucking poor dev team, scammers especially alty, shitty man with drug addiction without penis.

[CREATIVE_Life]

DEVs

1) Guys when Fordzhing for delegates to be launched ??
(At least approximate or exact timing name ..)

2) So is why there is not any marketing ??

3) And what is being done to add to the new Exchanges ??

Thank you for your detailed answers to these questions !

Hi @QSiontex, thank you for taking the time to ask these questions.

1) A hard release date hasn't been set for it. The Delegate system will be opened up for the community as soon as we deem it ready and stable, so that the Nodes of the top 101 Delegates who are voted in by the community can start forging RISE. It is the Dev Team's number one priority to lay down a solid foundation for the RISE platform and release the new code only after extensive testing and security auditing is completed to satisfaction. The Delegate system is being redesigned to split the nodes into Delegate nodes and Core nodes. More in-depth details of this redesign has been published in the Developers Blog on the official RISE forum:
http://forum.rise.vision/topic/41/dev-team-core-nodes-delegate-nodes

2) This question was recently answered in our September RISE DEV Q&A. Promotions and marketing will start once the new delegate / core node code is released, and we get our documentation up to par. http://forum.rise.vision/topic/53/results-of-rise-developers-q-a-september-2016

3)  We're focused on adding real value to RISE through developing a rock-solid and stable platform and to complete the milestones as laid out in our road map. As development progresses and real world applications are being released we believe it will drive demand and it will eventually catch the attention of exchanges that haven't listed RISE yet.

In addition, RISE has been added to the voting list of Cryptopia as well as C-CEX and the community can help us to get RISE listed there by voting via the following links:
https://www.cryptopia.co.nz/Vote
https://c-cex.com/?id=vote

HI McVenture

It can be a little more information about Fordzhinga start ... ??
much about him wait, week, month, or next year ...?

Thanks!

Good question...

[McVenture]

DEVs

1) Guys when Fordzhing for delegates to be launched ??
(At least approximate or exact timing name ..)

2) So is why there is not any marketing ??

3) And what is being done to add to the new Exchanges ??

Thank you for your detailed answers to these questions !

Hi @QSiontex, thank you for taking the time to ask these questions.

1) A hard release date hasn't been set for it. The Delegate system will be opened up for the community as soon as we deem it ready and stable, so that the Nodes of the top 101 Delegates who are voted in by the community can start forging RISE. It is the Dev Team's number one priority to lay down a solid foundation for the RISE platform and release the new code only after extensive testing and security auditing is completed to satisfaction. The Delegate system is being redesigned to split the nodes into Delegate nodes and Core nodes. More in-depth details of this redesign has been published in the Developers Blog on the official RISE forum:
http://forum.rise.vision/topic/41/dev-team-core-nodes-delegate-nodes

2) This question was recently answered in our September RISE DEV Q&A. Promotions and marketing will start once the new delegate / core node code is released, and we get our documentation up to par. http://forum.rise.vision/topic/53/results-of-rise-developers-q-a-september-2016

3)  We're focused on adding real value to RISE through developing a rock-solid and stable platform and to complete the milestones as laid out in our road map. As development progresses and real world applications are being released we believe it will drive demand and it will eventually catch the attention of exchanges that haven't listed RISE yet.

In addition, RISE has been added to the voting list of Cryptopia as well as C-CEX and the community can help us to get RISE listed there by voting via the following links:
https://www.cryptopia.co.nz/Vote
https://c-cex.com/?id=vote

HI McVenture

It can be a little more information about Fordzhinga start ... ??
much about him wait, week, month, or next year ...?

Thanks!

Good question...

As been said before, the team will not give out a hard release date to avoid backlash if it turns out more time is needed to get the platform solid and secure enough. What I can say with some certainty is that it will take more than a week or a month from now but it will most likely be released before the end of the year.

[Zebedee23]

VERY slow progress , can a competent dev who can get the forging going not be hired with all the funds??? taking 6 months+ to get the coin working seems somewhat insane imo.

[yomocoin]

I had been support your coin ,but I think you are too lazy to develpot the project.

[cointrader83]

VERY slow progress , can a competent dev who can get the forging going not be hired with all the funds??? taking 6 months+ to get the coin working seems somewhat insane imo.

Absolutely. No developement here. I am happy that sold my coins in the beginning.

[jorrr]

VERY slow progress , can a competent dev who can get the forging going not be hired with all the funds??? taking 6 months+ to get the coin working seems somewhat insane imo.

no need to rush, it was vacation time. what would you do with 1M+ $ dev funds 

[arhibalt]

VERY slow progress , can a competent dev who can get the forging going not be hired with all the funds??? taking 6 months+ to get the coin working seems somewhat insane imo.

no need to rush, it was vacation time. what would you do with 1M+ $ dev funds 

I would have tried to multiply

[RiseGal]

VERY slow progress , can a competent dev who can get the forging going not be hired with all the funds??? taking 6 months+ to get the coin working seems somewhat insane imo.

no need to rush, it was vacation time. what would you do with 1M+ $ dev funds 

I would have tried to multiply

The beauty of Rise is that we are going for quality, not just trying to pump out subpar results. You can stay up-to-date on all the latest info at http://forum.rise.vision/category/3/blogs and McVenture has done a great job of updating you here as well.

In other news, did anyone see this group out of Shanghai? http://www.coindesk.com/new-blockchain-alliance-forms-shanghai/ Just thought it was cool

[Dave Wilkinson]

VERY slow progress , can a competent dev who can get the forging going not be hired with all the funds??? taking 6 months+ to get the coin working seems somewhat insane imo.

no need to rush, it was vacation time. what would you do with 1M+ $ dev funds 

I would have tried to multiply

The beauty of Rise is that we are going for quality, not just trying to pump out subpar results. You can stay up-to-date on all the latest info at http://forum.rise.vision/category/3/blogs and McVenture has done a great job of updating you here as well.

In other news, did anyone see this group out of Shanghai? http://www.coindesk.com/new-blockchain-alliance-forms-shanghai/ Just thought it was cool

and what about a github where we can see real development, nope, because there is none.

[RiseGal]

VERY slow progress , can a competent dev who can get the forging going not be hired with all the funds??? taking 6 months+ to get the coin working seems somewhat insane imo.

no need to rush, it was vacation time. what would you do with 1M+ $ dev funds 

I would have tried to multiply

The beauty of Rise is that we are going for quality, not just trying to pump out subpar results. You can stay up-to-date on all the latest info at http://forum.rise.vision/category/3/blogs and McVenture has done a great job of updating you here as well.

In other news, did anyone see this group out of Shanghai? http://www.coindesk.com/new-blockchain-alliance-forms-shanghai/ Just thought it was cool

and what about a github where we can see real development, nope, because there is none.

https://github.com/RiseVision - we have been testing the past few weeks. You'll see code changes once we're satisfied with testing

[Dave Wilkinson]

VERY slow progress , can a competent dev who can get the forging going not be hired with all the funds??? taking 6 months+ to get the coin working seems somewhat insane imo.

no need to rush, it was vacation time. what would you do with 1M+ $ dev funds  

I would have tried to multiply

The beauty of Rise is that we are going for quality, not just trying to pump out subpar results. You can stay up-to-date on all the latest info at http://forum.rise.vision/category/3/blogs and McVenture has done a great job of updating you here as well.

In other news, did anyone see this group out of Shanghai? http://www.coindesk.com/new-blockchain-alliance-forms-shanghai/ Just thought it was cool

and what about a github where we can see real development, nope, because there is none.

https://github.com/RiseVision - we have been testing the past few weeks. You'll see code changes once we're satisfied with testing

confirmed, no real development happening, this is all just a puppet show to delay and mask the dev cashing out all that btc.

if there was real coding happening it would show up on github, instead you employed a bunch of chubby beginner coder noobs for a 1.4million dollar company.

[RiseGal]

VERY slow progress , can a competent dev who can get the forging going not be hired with all the funds??? taking 6 months+ to get the coin working seems somewhat insane imo.

no need to rush, it was vacation time. what would you do with 1M+ $ dev funds 

I would have tried to multiply

The beauty of Rise is that we are going for quality, not just trying to pump out subpar results. You can stay up-to-date on all the latest info at http://forum.rise.vision/category/3/blogs and McVenture has done a great job of updating you here as well.

In other news, did anyone see this group out of Shanghai? http://www.coindesk.com/new-blockchain-alliance-forms-shanghai/ Just thought it was cool

and what about a github where we can see real development, nope, because there is none.

https://github.com/RiseVision - we have been testing the past few weeks. You'll see code changes once we're satisfied with testing

confirmed, no real development happening, this is all just a puppet show to delay and mask the dev cashing out all that btc.

Yes, that's why we've been so transparent Have a nice weekend!

[RiseGal]

Here you go, gentlemen (and any ladies out there):

http://forum.rise.vision/topic/55/dev-team-end-of-week-update

[Yuzu]

I'm usually pretty patient about this sort of thing, but I'm getting frustrated with Rise. The updates merely say, "we are almost finished with...." or "we are in the middle of...." An update gives expected dates of completion and details. We should see some movement to justify the project.

[McVenture]

I'm usually pretty patient about this sort of thing, but I'm getting frustrated with Rise. The updates merely say, "we are almost finished with...." or "we are in the middle of...." An update gives expected dates of completion and details. We should see some movement to justify the project.

It's a two-edged sword. People want frequent updates, but the result of this is that it's often going to be a report of ongoing progress of some of the same things that were reported in the update before, simply because the things the team is working on require more than just a few weeks. More frequent updates doesn't cause development to magically be accelerated. It still takes time to develop something that functions well, is robust, feature rich, secure, stable, scalable. Rushing developments prematurely to market without extensive auditing doesn't do anyone favors either.

Expect audit reports to be released on Code and Web security in the next 2 weeks.