[ANN] RCHAIN

[rakesh1_90]

Updated architecture document: https://docs.google.com/document/d/1Ck0H4YXHg4feS1mjACRPZlFvWXQXvUrrxzgNrZZ0esA/edit#

Did mention 10 year at some point. I dont remember the context exactly. This is an extremely complex project but I doubt it takes 10 years to create a blockchain. I think they can get it released by the end of the year. However my estimations dont mean anything because I am not a developer. I'm mainly interpreting the facts which is ethereum developers are actively working with greg to build the casper protocol. Casper seems to be a major cornerstone in the Rchain development.

As far as i remember vitalik himself has said casper is no where close to being ready and has not given any timeline for it. SO how come Rchain can give a timeline for it?

That was my interpretation. I dont speak for Rchain or Ethereum. But they are working. https://www.youtube.com/watch?v=Nk9rAashGWw&t=320s

Every monday at 10am EST for the last 7 months..

I know and i have been watching too.

[Joint Force]

It can be understood and justified a social netowrk having 1 billion tokens, But a block chain project with 1 billion tokens!!

The new RHOC token is going to have 18 decimal points after the full unit. This means there'll actually be 1000000000000000000000000000 tokens if you count the smallest unit as the coin.

[rakesh1_90]

How many RCHAIN total suplays??? Any bounty for local translation sir???
I want reserve indonesian translations

The Rhoc token supply is in parity with the AMP token supply. So I believe its 1 billion tokens.

So there would be 1 billion rchain tokens? What if synereo burns amps in near future ?

That only effects the price of the amp. it has no effect on the rchain project.

The number of Rchain tokens should be equal to THE total number of synereo amps currently in market. And if required in future more coins could be minted to facilitate the demand.

[rakesh1_90]

How many RCHAIN total suplays??? Any bounty for local translation sir???
I want reserve indonesian translations

The Rhoc token supply is in parity with the AMP token supply. So I believe its 1 billion tokens.

So there would be 1 billion rchain tokens? What if synereo burns amps in near future ?

That only effects the price of the amp. it has no effect on the rchain project.

The number of Rchain tokens should be equal to THE total number of synereo amps currently in market. And if required in future more coins could be minted to facilitate the demand.

Why does the community need to be dependent on anyone and be scared of "What if the token held by CO-OP be dumped"? Better mint tokens as the need and demand arises not vice versa.

[rakesh1_90]

I hear you about the OTTO capital investment. That deal so to speak has not been closed. But this is just a swap so investors who invested in rchain are able to get out of the synereo ecosystem and into rchain fairly.

I dont really see how this effects synereo that much. Greg said today on the hangout that the amps that the coop receives will be held in escrow and not unloaded on the market. (Theres no intent to crash the amp market) Greg also hasn't sold any of his founer amps. I think its fairly easy to check if he has or the coop has sold/transfer amps via the block explorer.

I am sure you can join slack and ask him directly yourself though.

For the record, I am sorry that Decentralized Economics thinks I am painting synereo in a bad light. I just want to bring facts to the table here. I have no interest in painting synereo or rchain a particular way. I hope both project succeed.

Its understood that AMPs held by rchain cant be dumped into the market as most people invested in RCHAIN aare also invested in SYNEREO.
So only after the Crowdsale price is reached can these AMPs held by rchain be released...THATS THE ONLY FAIR WAY!

[rakesh1_90]

I hear you about the OTTO capital investment. That deal so to speak has not been closed. But this is just a swap so investors who invested in rchain are able to get out of the synereo ecosystem and into rchain fairly.

I dont really see how this effects synereo that much. Greg said today on the hangout that the amps that the coop receives will be held in escrow and not unloaded on the market. (Theres no intent to crash the amp market) Greg also hasn't sold any of his founer amps. I think its fairly easy to check if he has or the coop has sold/transfer amps via the block explorer.

I am sure you can join slack and ask him directly yourself though.

For the record, I am sorry that Decentralized Economics thinks I am painting synereo in a bad light. I just want to bring facts to the table here. I have no interest in painting synereo or rchain a particular way. I hope both project succeed.

Its understood that AMPs held by rchain cant be dumped into the market as most people invested in RCHAIN aare also invested in SYNEREO.
So only after the Crowdsale price is reached can these AMPs held by rchain be released...THATS THE ONLY FAIR WAY!

Ahh thats a very interesting observation.

So for clarity purposes, you would propose that the AMP market needs to recover back to 33k sat before Rchain starts spending or transferring their amps that they receive from this AMP to RHOC redemption event.

Absolutely, there is no other way to it.

[ICOcountdown.com]

Everyone should take a look and try some of the software for Rchain

https://github.com/rchain

[rakesh1_90]

Everyone should take a look and try some of the software for Rchain

https://github.com/rchain

Which software? And this is your website :- https://rchain.coop/   

[Joint Force]

Why is RCHAIN afraid of calling this an ICO? Should I change my ICO into a "coupon redemption" as well?

[Joint Force]

Why is RCHAIN afraid of calling this an ICO? Should I change my ICO into a "coupon redemption" as well?

Its not an ICO its a conversion.

Lucius Meredith was calling this a "coupon redemption" today on Rchain Debrief 10 https://youtu.be/C8idnSrTDWA

[ICOcountdown.com]

Everyone should take a look and try some of the software for Rchain

https://github.com/rchain

Which software? And this is your website :- https://rchain.coop/   

You can compile the Rosette VM is you want https://github.com/rchain/Rosette-VM

[Joint Force]

Why is RCHAIN afraid of calling this an ICO? Should I change my ICO into a "coupon redemption" as well?

Its not an ICO its a conversion.

Lucius Meredith was calling this a "coupon redemption" today on Rchain Debrief 10 https://youtu.be/C8idnSrTDWA

Right okay. So the exact language is coupon redemption event. Its still not a ICO

The process of my ICO and this Coupon Redemption are exactly the same. What's your issue with not calling this an ICO? What issue makes this not an ICO?

[Joint Force]

Why is RCHAIN afraid of calling this an ICO? Should I change my ICO into a "coupon redemption" as well?

Its not an ICO its a conversion.

Lucius Meredith was calling this a "coupon redemption" today on Rchain Debrief 10 https://youtu.be/C8idnSrTDWA

Right okay. So the exact language is coupon redemption event. Its still not a ICO

The process of my ICO and this Coupon Redemption are exactly the same. What's your issue with not calling this an ICO? What issue makes this not an ICO?

We can call this simply a CO or coin offering if that sounds better.
Then people who want to dig in deeper can find out more about the past.

[Joint Force]

Why is RCHAIN afraid of calling this an ICO? Should I change my ICO into a "coupon redemption" as well?

Its not an ICO its a conversion.

Lucius Meredith was calling this a "coupon redemption" today on Rchain Debrief 10 https://youtu.be/C8idnSrTDWA

Right okay. So the exact language is coupon redemption event. Its still not a ICO

The process of my ICO and this Coupon Redemption are exactly the same. What's your issue with not calling this an ICO? What issue makes this not an ICO?

We can call this simply a CO or coin offering if that sounds better.
Then people who want to dig in deeper can find out more about the past.

CO also works as coupon offering.

[Joint Force]

Why is RCHAIN afraid of calling this an ICO? Should I change my ICO into a "coupon redemption" as well?

Its not an ICO its a conversion.

Lucius Meredith was calling this a "coupon redemption" today on Rchain Debrief 10 https://youtu.be/C8idnSrTDWA

Right okay. So the exact language is coupon redemption event. Its still not a ICO

The process of my ICO and this Coupon Redemption are exactly the same. What's your issue with not calling this an ICO? What issue makes this not an ICO?

We can call this simply a CO or coin offering if that sounds better.
Then people who want to dig in deeper can find out more about the past.

CO also works as coupon offering.

This is great stuff! We can make the distinction that coupons have the possibility of being voided while coins have forward compatible wallets.

[ICOcountdown.com]

Why is RCHAIN afraid of calling this an ICO? Should I change my ICO into a "coupon redemption" as well?

Its not an ICO its a conversion.

Lucius Meredith was calling this a "coupon redemption" today on Rchain Debrief 10 https://youtu.be/C8idnSrTDWA

Right okay. So the exact language is coupon redemption event. Its still not a ICO

The process of my ICO and this Coupon Redemption are exactly the same. What's your issue with not calling this an ICO? What issue makes this not an ICO?

We can call this simply a CO or coin offering if that sounds better.
Then people who want to dig in deeper can find out more about the past.

Thats the wording that is most rational and plausible so thats why Rchain used it.

[PornoStar]

Lets Swap AMP in to RHOC , its cool 

[ICOcountdown.com]

[ICOcountdown.com]

Updated architecture document: https://docs.google.com/document/d/1Ck0H4YXHg4feS1mjACRPZlFvWXQXvUrrxzgNrZZ0esA/edit#

Did mention 10 year at some point. I dont remember the context exactly. This is an extremely complex project but I doubt it takes 10 years to create a blockchain. I think they can get it released by the end of the year. However my estimations dont mean anything because I am not a developer. I'm mainly interpreting the facts which is ethereum developers are actively working with greg to build the casper protocol. Casper seems to be a major cornerstone in the Rchain development.

As far as i remember vitalik himself has said casper is no where close to being ready and has not given any timeline for it. SO how come Rchain can give a timeline for it?

You can see some Casper input here from Rchain and Greg:

https://github.com/rchain/Casper-Proof-of-Stake

[DecentralizeEconomics]

Lets Swap AMP in to RHOC , its cool  

Thank you for the support

The communist druggie and the "porno star" are supporting Greg's attempt to steal Synereo LTD IP by raising funds off the naive and uninformed.  Who else wants to help them out?!

I hear you about the OTTO capital investment. That deal so to speak has not been closed. But this is just a swap so investors who invested in rchain are able to get out of the synereo ecosystem and into rchain fairly.

I dont really see how this effects synereo that much. Greg said today on the hangout that the amps that the coop receives will be held in escrow and not unloaded on the market. (Theres no intent to crash the amp market) Greg also hasn't sold any of his founer amps. I think its fairly easy to check if he has or the coop has sold/transfer amps via the block explorer.

I am sure you can join slack and ask him directly yourself though.

For the record, I am sorry that Decentralized Economics thinks I am painting synereo in a bad light. I just want to bring facts to the table here. I have no interest in painting synereo or rchain a particular way. I hope both projects succeed.

Stop lying to people about getting money from Otto Capital.  Greg is never going to raise a dime from any venture capital group, private equity, or angel.  You are willingly aiding the infringement of Synereo LTD IP using property of Synereo LTD (aka your computer).  For once in your life, be smart.  Stop trying to trick people into handing their money over to Greg and return your laptop to Synereo LTD.  Once you quit working for a company, you do NOT get to keep their possessions.  An analogy you might understand would be, when you quit your "Mexican landscaping" job, you do NOT get to keep the shovel!

Everytime you open your mouth you represent yourself and your cause in a bad light.  If you were smart, you would shut up.