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Author Topic: [ANN][UBQ] Ubiq - Smart Contracts For An Automated World  (Read 293224 times)
Saintgermaine1
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February 25, 2017, 07:36:40 PM
 #1421

What was the ico price of ubiq ?
Is dev still active?
Any chance to list on polo?


There was no ICO..it was a Fair Launch....No premine, no instamine..it had a short period of mining then switched to Proof of stake..then the Devs after lots of proof of concept ideas and exploring different options they decided to do a coin swap and switch to an ether based code..but they did some modifications..


the dev team is very active..in fact I believe later today the first token will be added to the UBQ chain...
they have long term plans to be a stable platform for people to build on..

As for Polo  add...yes in due time

this is a serious long term project. best way to learn more is to head over to the slack..  http://slack.ubiqsmart.com/
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Saintgermaine1
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February 25, 2017, 09:33:43 PM
 #1422

the swap from jumbucks to Ubiq  JBS to UBQ...was posted in public on this forum twitter slack etc..basically its was announced and public for quite a while. I would guess it was public knowledge for at least a few months. This was not a quick decision. This was not insider type trading. anyone who was interested in the project had months to take action.
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February 25, 2017, 10:39:42 PM
 #1423

This coin is POW or POS now?
What is % inflation here ?

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Saintgermaine1
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February 25, 2017, 10:46:02 PM
 #1424

This coin is POW or POS now?
What is % inflation here ?

The Announcement page first post on page 1...has a lot of good info..in short its pow now. there is in my opinion low inflation and some effort went into thinking about monetary policy. 88 second blocks 8 block reward decreasing yearly.   Below is a post explaining in greater detail the monetary policy..inflation etc



Monetary Policy in Ubiq

One of the main defining aspects of Bitcoin is its monetary policy (also described as inflation control) and how it has programmed in block halvings roughly every 4 years.  This serves to incentivize early participation in the network and attempts to simulate scarcity and a diminishing supply.  Thus far this has worked out well for Bitcoin but there are concerns that this may not work out in future with incentivized rewards per block approaching 0.

Ethereum on the other hand was designed with different aspects in mind.  Their initial distribution was largely a premine as well as coins distributed through an ICO process.  60 million ETH went to the ICO buyers and 12 million were premined for the developers[1].  As such, the monetary policy during the Proof of Work period wasn't defined and we have the situation where a static 5 ETH is mined every 14 second block[2] (not including rewards for Uncles).  The promise here is that Ethereum would be moving to a Proof of Stake model where the coin inflation and incentive model for the network would change.

If we run some rough calculations, Block 0 generated on July 30th, 2015.  Current coin supply stands at 88,138,955.03 ETHER so roughly 16,138,955.0 ETHER has been mined via Proof of Work in the past 1.48 years.

Below is a table which outlines this relative inflation rate should Proof of Work continue forever (disregarding the switch to Proof of Stake and Difficulty Bomb which will slow block times).


Here we can see the criticisms of Ethereum where it is said to not implement a monetary policy as yearly coin supply inflation remains the same and is high.  The lack of monetary policy then also extends to Ethereum forks such as Ethereum Classic or Expanse which as of writing this have not implemented any monetary policy in code.

In Ubiq we wanted to program in the option of staying with Proof of Work indefinitely should it prove to be viable long term.  There are many aspects we will consider in terms of viability such as overall health of the Proof of Work network, coin distribution but ultimately we foresee a future where we may run as a Proof of Work network forever.  With Ubiq we plan on running a Proof of Work network for a minimum of 1 year before considering and evaluating any switching to a Proof of Stake scheme.

With our designed monetary policy, block rewards will start out at 8 and decrease by 1 yearly until it reaches a minimum of 1 UBQ per block.

This monetary policy is illustrated in the table below.


Here we can see that in year 8 onwards, approximately 358,364 UBQ are mined per year but this gives a slow tapering effect on the yearly inflation rate from 0.73% per year.  In essence, this is similar to the long term inflation scheme of Monero[3] which provides a constant "tail emission" of 0.6 XMR per 2-minutes block (0.87% yearly inflation around May 2022) as opposed to the infinite block halvings of Bitcoin.

Finally, it should be noted that we have successfully tested out the code related to this monetary policy in our Testnet[4].  We look forward to bringing you the first Ethereum fork with an implemented monetary policy in less than 1 weeks time!


References:

1. https://www.reddit.com/r/ethereum/comments/3i845f/what_is_the_formula_of_the_total_supply_of_ether/
2. https://etherscan.io/chart/blocktime
3. https://en.wikipedia.org/wiki/Monero_(cryptocurrency)#Features
4. https://bitcointalk.org/index.php?topic=1631210.msg17124126#msg17124126
   
Saintgermaine1
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February 26, 2017, 12:34:37 AM
 #1425

Here's a link to the original  post above..shows the inflation chart
https://bitcointalk.org/index.php?topic=1631210.msg17590755#msg17590755
gembitz
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February 26, 2017, 01:45:52 AM
 #1426

What was the ico price of ubiq ?
Is dev still active?
Any chance to list on polo?


There was no ICO..it was a Fair Launch....No premine, no instamine..it had a short period of mining then switched to Proof of stake..then the Devs after lots of proof of concept ideas and exploring different options they decided to do a coin swap and switch to an ether based code..but they did some modifications..


the dev team is very active..in fact I believe later today the first token will be added to the UBQ chain...
they have long term plans to be a stable platform for people to build on..

As for Polo  add...yes in due time

this is a serious long term project. best way to learn more is to head over to the slack..  http://slack.ubiqsmart.com/




https://chainz.cryptoid.info/jbs/#

 Cool


#go-jembucks

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote free services for bitcoin community
specturul
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February 26, 2017, 10:11:45 AM
 #1427

What was the ico price of ubiq ?
Is dev still active?
Any chance to list on polo?

*FYI*--->insiders bought $JBS 5000-7000 satoshis range so with the split adjusted = 500 satoshis!!! :-D lulz

At that price, which is not recommended to buy, you can lose a lot of money

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TWITTER          LINKEDIN          SLACK
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DEVELOP  ●  DISTRIBUTE  ●  DEPLOY
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BitcoinNational
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February 26, 2017, 01:39:39 PM
 #1428

JT5SsPVxrS3hpwQ2tqzJCwjyL1QEGWuSnV
JT5SsPVxrS3hpwQ2tqzJCwjyL1QEGWuSnV
H8f9CTfUh+u3iFU4iLW8yMQKt/EhbmvccGcbG7gR+q/7Solhpnvr401AR+67fZ4s/8e6tb9NuiyY7FfoSaWwrlo=


JT5SsPVxrS3hpwQ2tqzJCwjyL1QEGWuSnV
can i has my UBQ?
H/QyObqBKRBaghwMEJC1hQ/J+PW/kz0epnhcX5P4Fc95UmfgwjS2lkXh49Tqz6vWO4COzpLyFhyubl4W+uBwYUE=

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ILC7jKNFWArKrpspqp4cwv4cpGtaq+1vTzuvxnTzUlnFDr1GYRmbiPSYOVErz9BstuNS4xmvkS6sBGznZP6Fg4M=

https://chainz.cryptoid.info/jbs/address.dws?JT5SsPVxrS3hpwQ2tqzJCwjyL1QEGWuSnV.htm

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gembitz
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February 26, 2017, 02:08:27 PM
 #1429

What was the ico price of ubiq ?
Is dev still active?
Any chance to list on polo?

*FYI*--->insiders bought $JBS 5000-7000 satoshis range so with the split adjusted = 500 satoshis!!! :-D lulz

At that price, which is not recommended to buy, you can lose a lot of money


UBIQ was a epic scam because JUMBUCKS is still alive!!! :-D lmfao

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote free services for bitcoin community
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February 26, 2017, 04:47:46 PM
 #1430

Fusion Wallet looking good.  Wink

Come get some https://github.com/ubiq/fusion/releases/tag/v0.8.9


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February 26, 2017, 05:30:48 PM
 #1431

Fusion Wallet looking good.  Wink

Come get some https://github.com/ubiq/fusion/releases/tag/v0.8.9


I agree, the Ubiq development team has done a great job and we finally got Fusion GUI Wallet and the first token QWARK on the Ubiq network! Step by step our community steadily growing and goes to UBQ success. Now we wait for the results AI Toronto Conference in March.

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February 26, 2017, 07:29:07 PM
 #1432

WOW! Ubiq fusion wallet is AMAZING!!1  Cheesy Cheesy

Ubiq is the best coin! Going to be 0.001 BTC soon  Cheesy

Get in while you can noobs!  Cheesy Grin Grin
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February 27, 2017, 09:34:22 AM
 #1433

Under 500 more blocks until 30,000 blocks, when the Claymore miner, and dual mining will be available!
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February 27, 2017, 12:32:04 PM
 #1434

It's a 1000 dudes on slack, wow Shocked

MIROCANA.COM | ARTIFICIAL INTELLIGENCE FOR TRANSPARENT INVESTING
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February 27, 2017, 01:58:11 PM
 #1435


I just downloaded the NEW Fusion Wallet for Windows...
Running on Windows 10 Professional x64bit, so far so good!

Looks nice!   Grin



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gembitz
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February 27, 2017, 02:09:49 PM
 #1436

Website is live.  Nice job!

https://ubiqsmart.com

Very sexy. The green and black never gets old  Cool



http://www.duhaimelaw.com/lawyers/christine/


 Cool


sexy!

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February 27, 2017, 02:44:48 PM
 #1437

If people were smart they would be buying this up right now. Come block 30,000 a lot of miners will start jumping on it. I'm setting here waiting to be able to mine this coin.

Bitrated user: Aetsen.
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February 27, 2017, 03:30:48 PM
 #1438

If people were smart they would be buying this up right now. Come block 30,000 a lot of miners will start jumping on it. I'm setting here waiting to be able to mine this coin.


^it's trading for 40 satoshis on yobit! lol the original coin was never burned so i hope you dumped on the paid pump!! :-D lol

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote free services for bitcoin community
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February 27, 2017, 03:55:04 PM
 #1439

If people were smart they would be buying this up right now. Come block 30,000 a lot of miners will start jumping on it. I'm setting here waiting to be able to mine this coin.


^it's trading for 40 satoshis on yobit! lol the original coin was never burned so i hope you dumped on the paid pump!! :-D lol

From what I understand the one on Yobit is a different coin. Not even associated with this one. This coin used to be Jumbucks (JBS) the coin on Yobit is just an old scam coin with the ticker Ubiq. You would know this if you did some research and also check the addresses as they use different address formats.

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February 27, 2017, 04:09:25 PM
 #1440

If people were smart they would be buying this up right now. Come block 30,000 a lot of miners will start jumping on it. I'm setting here waiting to be able to mine this coin.


^it's trading for 40 satoshis on yobit! lol the original coin was never burned so i hope you dumped on the paid pump!! :-D lol

Which by the way you know full well they are different coins, as you tried to scam others to pump the shit coin even though it's not the same coin. Evidence here http://imgur.com/a/pm0Vp and here https://bitcointalk.org/index.php?topic=1524644.380

Bitrated user: Aetsen.
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