RadixDLT (formerly eMunie) Discussion

[European Central Bank]

Then that disconnect between sensible development and wanting it right now will bite those flighty ass holes hard in the end.

[zanzibar]

Then that disconnect between sensible development and wanting it right now will bite those flighty ass holes hard in the end.

With not even 3 pages of discussion, I think Radix has a long way to go for community support.

[Peachy]

With not even 3 pages of discussion, I think Radix has a long way to go for community support.

8 years of bitcoin and still less than 1% of the planet knows or cares about it (other than to think it's for use by terrorists and drug dealers). 

Great job on community support.

[zanzibar]

With not even 3 pages of discussion, I think Radix has a long way to go for community support.

8 years of bitcoin and still less than 1% of the planet knows or cares about it (other than to think it's for use by terrorists and drug dealers). 

Great job on community support.

And yet it's ATH, good luck with Radix guys. 

[raymonddaf]

Once the white paper gets released and an Ann I'm sure it will get the support

[okiefromokc]

It will be interesting to see how much will be invested in the Radix ICO ... consider the following:
In 30 seconds BAT raised $30 million, and all they had prior to the ICO was a whitepaper and some high level concept meta coding nothing else.

Radix on the other hand will have a full working Decentralized Web Client Nodes that anyone can run, and yes I even ran on the testnet with a Windows tablet.  In fact a tablet is what Fuserleer uses to demo the working Direct Debit to standard Point of Sale (PoS) terminal.  There are videos of this on the @radixdlt twitter account and the radix forum.

The Open Beta will allow you to play with the Radix Client node software and the client has a built in browser and turing complete javascript compatible programming language. It allows various levels of encryption, so that merchants can use Radix tokens in their business and accounting functions, and still be able to report their taxes on business sales and profits correctly with full disclosure to the government as necessary.

So, still just wondering about how big a truly new and vastly improved, VISA level scalable end product that is almost ready for launch will raise... and we will soon see.

okie

[testerx]

I'm not sure the expanding supply nature will be easy to deal with from an accounting/taxation perspective.  At least under current IRS rules, any expansion that results in you getting coins would be taxable as income at full income tax rates which would make this a gigantic headache for Americans.

[r3animation]

Well, I've been waiting for years for Radix to come out and I trust Fuserleer to launch something special in the end.

[testerx]

Seems like the ICO will be uncapped, similar to the Tezos ICO.

I think the fact that this is uncapped and the possibility for rapid expansion of the coin supply and the very poor tax treatment of this situation makes this much less attractive for Americans (who get taxed as income on these).

[raymonddaf]

Is there an approx date of when the ICO will go ahead?

[pynetx]

Don't wanna miss it. Still no date or even website link?

[Peachy]

Seems like the ICO will be uncapped, similar to the Tezos ICO.

I think the fact that this is uncapped and the possibility for rapid expansion of the coin supply and the very poor tax treatment of this situation makes this much less attractive for Americans (who get taxed as income on these).

Tax treatment will be the same as miners that receive block rewards.  Tax treatment on Bitcoin (and all other fixed supply / variable price coins) are the cap gains rates, which for MOST users is also at their income level since very few hold it for long term periods (minimum 1-year).

The major difference is that pretty much ANYONE can get these rewards of new supply vs. only those with highly specialized equipment as it is with existing solutions. 

With the FABRIC active consensus model only the work that needs to be done is performed.  That work can be performed by any node that is available. 

[Peachy]

Don't wanna miss it. Still no date or even website link?

Feel free to join the club and ask any and all questions.

https://forum.radix.global/

As for the token sale date that is tentatively still planned for this month. 

The only hold on that event is that we are waiting for the patents to be finalized/published (the Joys of waiting for Lawyers). 

[chutchmcgillicutty]

So ROI comes in the form of coins being deposited into your wallet and not in coin appreciation?

[Peachy]

So ROI comes in the form of coins being deposited into your wallet and not in coin appreciation?

Correct.

1 of something worth $2 is the same as 2 of something worth $1.

With all fixed supply models (bitcoin et al) the price is the variable.

With Radix the supply is the variable.  Granted, the attempt isn't to "fix" the price, but to substantially smooth out the high volatility through autonomously generated supply based on the demand. 

Our test scenario where we ran several years of bitcoin txns (over 500M) through the model from day 1 through (I believe) 2015 produced a variance of around 3% +/- from the initial bitcoin value.   

With that decreased level of volatility you don't have to sit around and hope/pray the price doesn't crash, but can go about your day and just login whenever to get the latest dump of back paid interest on your existing holdings.  And if you are running any of the services that provide features for the network like marketplace, chat, mail, distributed exchange, apps...etc then you'll get rewards of new supply as the economy inflates.

[statdude]

so emunie never launched and now its radix ico?

[Peachy]

so emunie never launched and now its radix ico?

One of the reasons for the name change (amusingly enough) was because of the way people said the name during several of the meetings Dan was having with interested parties.  Many were mispronouncing emunie as e-MYOO-knee (like the muni in municipal). 

This, as well as a desire to have something more catchy, were some of the reasons for the tech re-branding.

Worth noting: Radix is merely the "technology" brand (of which the patents are a part of). 
The "consumer" brand (which will use Radix Tech) is still to be decided.

[raymonddaf]

Don't wanna miss it. Still no date or even website link?

Feel free to join the club and ask any and all questions.

https://forum.radix.global/

As for the token sale date that is tentatively still planned for this month. 

The only hold on that event is that we are waiting for the patents to be finalized/published (the Joys of waiting for Lawyers). 

Peachy will you be announcing the ico date on this thread?

[Boxxl]

After 4 years you still not finished emunie /radix?
Why is that?

[Peachy]

Peachy will you be announcing the ico date on this thread?

No worries.  There will be plenty of announcements once we gear up the token sale.