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vasdav
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September 08, 2016, 05:07:38 AM |
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When can I get my coins? Date!?
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wasserman99 (OP)
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September 08, 2016, 07:49:01 PM |
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When can I get my coins? Date!?
As we said previously to the release date we should reach a consensus with SJ. This is the final plan we both agreed: 1) Define the 9% PoW before Friday. // By far the most voted option at the moment is "b". 2) On Friday communicating the decision to SJ. 3) Release the qt wallet before September 19th. 4) On September 19th the refund period will ends and the remaining funds will be released. 5) Start the distribution. 6) List on exchanges. 7) Launch the beta during October. The distribution of the coins can not start earlier because it would be totally unfair to investors in the first phase as SJ he said: How about making a timeframe of two weeks from the day we have an agreement settled. This should be sufficient time for investors to check for the status of the coin and make a decision.
The problem is that if wasserman99 would release the coins now to ico 1 investors then I either would have to refund all ico 2 users or forward all coins of users that do want a refund. The latter is no real choice. The reason is that they could hedge against the price of the coin otherwise. Ask for a refund with the coin price drops or ask for the coins when they rise in value.
If wasserman99 sends coins before that timeframe to ico 1 then a refund to ico 2 has to happen to not make it possible to force a forwarding.
If coins are sent to ico 1 and 2 then still ico 2 bitcoins has to be refunded for the same reason. We are in touch, Regards |
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BasementRot
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September 08, 2016, 10:07:56 PM |
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@wasserman99 - read and respond to my post (~6 post before this one) #1504 https://bitcointalk.org/index.php?topic=1558596.msg16180948#msg16180948If you take PoW, how will the network be secured? Why are you running the vote that decides if you get free money. That is major conflict of interest. It should also be public, not secret! The vote should be to either give you PoW or not, by adding 2 categories for 'against' you are diluting the votes against yourself. The PoW rules were established before ICO, a small majority shouldn't be enough to change a major rule like that after the ICO. |
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wasserman99 (OP)
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September 08, 2016, 10:24:34 PM |
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@wasserman99 - read and respond to my post (~6 post before this one) #1504 https://bitcointalk.org/index.php?topic=1558596.msg16180948#msg16180948If you take PoW, how will the network be secured? Why are you running the vote that decides if you get free money. That is major conflict of interest. It should also be public, not secret! The vote should be to either give you PoW or not, by adding 2 categories for 'against' you are diluting the votes against yourself. The PoW rules were established before ICO, a small majority shouldn't be enough to change a major rule like that after the ICO. Hi, We can send the premine (if the option b wins) to an escrow address not controlled by us, there is no problem. We will not touch the premine coins. On voting, we decided to do it because many suggested that because the raised amount was less than expected. We decided to take this proposal and conduct a vote. We include the three options that we considered most appropriate. For the moment, the results of the voting at the moment are: a) 5 - b) 14 - c) 6. It's a big difference, even if we sum both options as you say. There are some votes that we are verifying that comes from an investor or not, so if anyone can vote (and is an investor) contact us by pm or slack. SJ is aware of and agree with the vote. Regards |
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BasementRot
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September 08, 2016, 10:33:57 PM |
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@wasserman99 - read and respond to my post (~6 post before this one) #1504 https://bitcointalk.org/index.php?topic=1558596.msg16180948#msg16180948If you take PoW, how will the network be secured? Why are you running the vote that decides if you get free money. That is major conflict of interest. It should also be public, not secret! The vote should be to either give you PoW or not, by adding 2 categories for 'against' you are diluting the votes against yourself. The PoW rules were established before ICO, a small majority shouldn't be enough to change a major rule like that after the ICO. Hi, We can send the premine (if the option b wins) to an escrow address not controlled by us, there is no problem. We will not touch the premine coins. On voting, we decided to do it because many suggested that because the raised amount was less than expected. We decided to take this proposal and conduct a vote. We include the three options that we considered most appropriate. For the moment, the results of the voting at the moment are: a) 5 - b) 14 - c) 6. It's a big difference, even if we sum both options as you say. There are some votes that we are verifying that comes from an investor or not, so if anyone can vote (and is an investor) contact us by pm or slack. SJ is aware of and agree with the vote. Regards I'll ask again. How will the network be secured if there is no PoW reward and no incentive for miners? Do you have a working PoS system ready? Otherwise a 51% attack will be super easy. The votes need to be public. What you are doing is like letting a president tally their own election votes and then tell everyone if they got re-elected. |
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Rkana
Sr. Member
 Offline
Activity: 281
Merit: 250
RK Coin Services - Alt Coins Dev (ETH-BTC & More)
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September 08, 2016, 10:45:21 PM |
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If phase 2 ico can be refunded, how about phase 1 ico? You should be able to refund them if they also want their money back.
The way i see this whole thing is hit and run. I have no faith in you and no faith in this project. I would like to get my refund as
a phase 1 investor.
and PS: this voting thing is BS - it should be public like someone stated.
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I Do COIN SERVICES (WEB JsWALLET + INSIGHT EXPLORER | ELECTRUM) I Can Make You an ETH OR BTC ALTCOIN And OTHER COIN DEVELOPMENT - PM Me For More Info |
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termion
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September 08, 2016, 10:55:14 PM |
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I suggest increase all amount coins to 90 or 100 million, if ft possible. Developers can remain 5-7 million to yourself, and remaining - POS... Attack 51% - it's very dangerous...
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cowboys
Member
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Activity: 80
Merit: 10
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September 09, 2016, 12:10:21 AM |
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Whatsup with all the drama? ICO guy here, haven't checked since.
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looking4thegrail
Member
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Activity: 74
Merit: 10
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September 09, 2016, 12:59:57 AM |
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Let's see what Wasserman delivers. The coin will likely be secured by POS. Before they said POW and POS. An escrowed premine is a good idea. If they deliver something great, they'll be able to use the premine to deliver more features.
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cryptodv
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September 09, 2016, 01:44:15 AM |
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POS or POW? What's the final decision  |
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kooke
Sr. Member
Offline
Activity: 448
Merit: 250
Bitcoin super-duper-mega-ultra-hyper-node
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September 09, 2016, 03:41:39 AM |
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I'm here again. I see great that you were able to finally reach an agreement with the escrow. So, now we need to wait 11 days more, no problem for me.
@BasementRot, if there is not PoW phase, i think that would be pure PoS with year % interest.
As i did by pm, my vote was for the option b. I just wanted to make it public.
Good health to Opair!
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Arrakeen
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September 09, 2016, 05:01:59 AM |
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I'm here again. I see great that you were able to finally reach an agreement with the escrow. So, now we need to wait 11 days more, no problem for me.
What are we waiting 11 days for now? If you could share a link with more info, that'd be great (I can't find it here). Hopefully someone can ease my anxiety over this - all the back and forth talk never looks good  |
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XbladeX
Legendary
Offline
Activity: 1302
Merit: 1002
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September 09, 2016, 07:52:15 AM |
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I suggest increase all amount coins to 90 or 100 million, if ft possible. Developers can remain 5-7 million to yourself, and remaining - POS... Attack 51% - it's very dangerous...
What ? if escrow ill have 50%+ online coins it doesnt mean he will attack network even with attack what yo can do ?  At best you can do is blocking spending that is all |
Request / 26th September / 2022 APP-06-22-4587
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BigWait
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September 09, 2016, 08:04:06 AM |
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what happen when will luanch
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BasementRot
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September 09, 2016, 08:57:30 AM |
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I suggest increase all amount coins to 90 or 100 million, if ft possible. Developers can remain 5-7 million to yourself, and remaining - POS... Attack 51% - it's very dangerous...
What ? if escrow ill have 50%+ online coins it doesnt mean he will attack network even with attack what yo can do ? At best you can do is blocking spending that is all What are you talking about? 51% attack is when 1 person/group controls over 50% of the network mining hash rate. Then they have blockchain control and can reverse transactions, double spend coins and block other peoples transactions at will. |
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vasdav
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September 09, 2016, 09:59:04 AM |
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what happen when will luanch Yeah, when will available wallet? Date? 10.09 or maybe 18.09?? |
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XbladeX
Legendary
Offline
Activity: 1302
Merit: 1002
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September 09, 2016, 12:42:18 PM |
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...
51% attack is when 1 person/group controls over 50% of the network mining hash rate. Then they have blockchain control and can reverse transactions, double spend coins and block other peoples transactions at will.
Many exchanges have more than 50% coins and no one attacks POS coins all those theoretical problems doesn't happening. All drama is to hyped abut that. PS: Exchange can give such POS 200-400 confirmations before they are usable if they aware |
Request / 26th September / 2022 APP-06-22-4587
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oprutcoin
Newbie
Offline
Activity: 30
Merit: 0
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September 09, 2016, 02:39:37 PM |
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when the wallet can take?we are wait for a long time.
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wasserman99 (OP)
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September 09, 2016, 03:50:53 PM |
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As we said previously to the release date we should reach a consensus with SJ. This is the final plan we both agreed: 1) Define the 9% PoW before Friday. // By far the most voted option at the moment is "b". 2) On Friday communicating the decision to SJ. 3) Release the qt wallet before September 19th. 4) On September 19th the refund period will ends and the remaining funds will be released. 5) Start the distribution. 6) List on exchanges. 7) Launch the beta during October. The distribution of the coins can not start earlier because it would be totally unfair to investors in the first phase as SJ he said: How about making a timeframe of two weeks from the day we have an agreement settled. This should be sufficient time for investors to check for the status of the coin and make a decision.
The problem is that if wasserman99 would release the coins now to ico 1 investors then I either would have to refund all ico 2 users or forward all coins of users that do want a refund. The latter is no real choice. The reason is that they could hedge against the price of the coin otherwise. Ask for a refund with the coin price drops or ask for the coins when they rise in value.
If wasserman99 sends coins before that timeframe to ico 1 then a refund to ico 2 has to happen to not make it possible to force a forwarding.
If coins are sent to ico 1 and 2 then still ico 2 bitcoins has to be refunded for the same reason. We are in touch, Regards Hi, The most voted option was b). Thus, we continue with that in mind for the wallet. So will be pure PoS with 3% Annual Interest. The qt wallet will be ready before the september 19th but the distribution will start after that date for reasons that can read above, agreed by the escrow. Regards |
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