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TimereumDev (OP)
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August 16, 2017, 12:08:54 AM |
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Here's what really got me excited about this currency when reading one of the papers:
In the early days, cryptocurrencies were mined through hashing power. Since the release of Bitcoin, this hashing power has used a tremendous amount of energy and has resulted in large miners controlling a majority say in future developments of the currency. Timereum is trying to fix some of these issues by creating a new type of mining system called proof of completion (POC). Is this statement even correct? It's really only doing it for smart contracts, not competing with Bitcoin, correct? Maybe I'm missing something.
Where I'm also confused
- Awesome, so we have POC system. But really the only people that can mine are the people that got in early with the airdrop (correct me if I'm wrong). So if I buy up TME on an exchange, I can't mine it, which gets rid of the coolness factor of the coin for me as a holder correct? I'm just holding on for value and really nothing else. I get none of the advantages of the people that got the coin from the airdrop.
- Here's a direct quote from the dev, "This coin can be used as a base token to create many more coins and manually generating contracts." this has me even more confused. Can someone explain what are some examples of good uses for this coin vs say Bitcoin? Why are the advantages and disadvantages, dumb this down for me (is this just a way to replace lending services, or is that just one of the features). After trying to go through all the papers more than once, I see some cool possibilities, but I'm not connecting the dots.
You should not be confuse this is great opportunity for anyone .  For this to be a great opportunity people have to understand it, which starts with people like you explaining it to people like me that don't understand the opportunity. Hopefully you or someone else can clear it up for me. The preface is mainly a comment on ways to reduce or redirect energy use. The lending system will be a new smart contract token that uses a similar mining system to TME. TME will be able to be burned and converted to this new currency at a conversion ratio. This will increase the value per TME. Anyone will be able to mine the new token, regardless of whether they bought the token on an exchange or converted TME. TME genesis holders will have certain privileges concerning the conversion of non-mined TME batches. TME will also be convertible to future projects after the lending service. You can think of TME as the token that lays the conceptual groundwork for many more services, and which can be converted into holdings of them in the future. The mining system with the new token is one and the same with the lending service. When a borrower and a lender complete a successful loan or the borrower pays off an installment, both parties will benefit. You can read about specific examples here.There are precautions put in place to prevent infinite mining, and ETH collateral will be able to be posted by the borrower if desired. |
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Daedalus27
Full Member
 Offline
Activity: 167
Merit: 100
The Matrix lost my mind through the cracks!
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August 16, 2017, 12:13:50 AM |
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On Timereum (TME) I've doubled my money and it hasn't even got started...
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breezeattack
Jr. Member
Offline
Activity: 30
Merit: 1
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August 16, 2017, 12:22:27 AM
Last edit: August 16, 2017, 12:35:47 AM by breezeattack |
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Here's what really got me excited about this currency when reading one of the papers:
In the early days, cryptocurrencies were mined through hashing power. Since the release of Bitcoin, this hashing power has used a tremendous amount of energy and has resulted in large miners controlling a majority say in future developments of the currency. Timereum is trying to fix some of these issues by creating a new type of mining system called proof of completion (POC). Is this statement even correct? It's really only doing it for smart contracts, not competing with Bitcoin, correct? Maybe I'm missing something.
Where I'm also confused
- Awesome, so we have POC system. But really the only people that can mine are the people that got in early with the airdrop (correct me if I'm wrong). So if I buy up TME on an exchange, I can't mine it, which gets rid of the coolness factor of the coin for me as a holder correct? I'm just holding on for value and really nothing else. I get none of the advantages of the people that got the coin from the airdrop.
- Here's a direct quote from the dev, "This coin can be used as a base token to create many more coins and manually generating contracts." this has me even more confused. Can someone explain what are some examples of good uses for this coin vs say Bitcoin? Why are the advantages and disadvantages, dumb this down for me (is this just a way to replace lending services, or is that just one of the features). After trying to go through all the papers more than once, I see some cool possibilities, but I'm not connecting the dots.
You should not be confuse this is great opportunity for anyone . For this to be a great opportunity people have to understand it, which starts with people like you explaining it to people like me that don't understand the opportunity. Hopefully you or someone else can clear it up for me. The preface is mainly a comment on ways to reduce or redirect energy use. The lending system will be a new smart contract token that uses a similar mining system to TME. TME will be able to be burned and converted to this new currency at a conversion ratio. This will increase the value per TME. Anyone will be able to mine the new token, regardless of whether they bought the token on an exchange or converted TME. TME genesis holders will have certain privileges concerning the conversion of non-mined TME batches. TME will also be convertible to future projects after the lending service. You can think of TME as the token that lays the conceptual groundwork for many more services, and which can be converted into holdings of them in the future. The mining system with the new token is one and the same with the lending service. When a borrower and a lender complete a successful loan or the borrower pays off an installment, both parties will benefit. You can read about specific examples here.There are precautions put in place to prevent infinite mining, and ETH collateral will be able to be posted by the borrower if desired. Thanks for the reply. So I'm putting money into TME to eventually be able to either convert it to other applications into the future (which the next coin will allow everyone to mine it sounds like) or I could keep it and since TME is burned, the value should go up since other people are putting their TME in these tokens. Think I got it, interesting. |
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shinep
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August 16, 2017, 01:43:22 AM |
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On Timereum (TME) I've doubled my money and it hasn't even got started...
Which exchange is selling TME? I want to get in before everyone notices this little gem and the actual action starts.  |
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kenrom
Newbie
Offline
Activity: 51
Merit: 0
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August 16, 2017, 01:47:15 AM |
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this is wallet still in maintenance mode for soon long?  |
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fonship
Full Member
Offline
Activity: 893
Merit: 135
Bitcoin is not a currency or asset. Its a MOVEMENT
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August 16, 2017, 01:57:36 AM |
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we can despoit TME to novaexchange now?
I hope TME will be locked for week. The problem is with MEW as the tokens cannot be seen, i can see only ZRX token All ETH wallets having issue in fetching tokens, even metamask show token balance functionality is down |
selling sushistake.com, send offers
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happynew2013
Newbie
Offline
Activity: 33
Merit: 0
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August 16, 2017, 02:08:34 AM |
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Who can guide TME training? I have not understood
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Anhtatsu
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August 16, 2017, 02:11:50 AM |
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On Timereum (TME) I've doubled my money and it hasn't even got started...
Which exchange is selling TME? I want to get in before everyone notices this little gem and the actual action starts. |
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jonval21
Full Member
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Activity: 588
Merit: 111
I love the Cryptocurrency world
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August 16, 2017, 02:18:20 AM |
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wow timereum the price go up and no one want to sell.
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happynew2013
Newbie
Offline
Activity: 33
Merit: 0
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August 16, 2017, 02:25:38 AM |
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wow timereum the price go up and no one want to sell.
It will come to the mark that people can not expect. No one wants to sell |
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Kenrich
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August 16, 2017, 02:34:27 AM |
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wow timereum the price go up and no one want to sell.
It will come to the mark that people can not expect. No one wants to sell why nobody want to sell ,i late to join in ,want to buy more TIMEREUM |
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fonship
Full Member
Offline
Activity: 893
Merit: 135
Bitcoin is not a currency or asset. Its a MOVEMENT
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August 16, 2017, 02:36:28 AM |
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soon million coins will be generated and dump it down, till then enjoy the pump guys
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selling sushistake.com, send offers
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happyhours
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August 16, 2017, 02:51:08 AM |
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why nobody want to sell ,i late to join in ,want to buy more TIMEREUM
Lols, how can we sell if the only exchange it is listed is still in wallet maintenance for 2 days now. |
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sunnydmd
Member
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Activity: 294
Merit: 11
Blockchain with solar energy
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August 16, 2017, 02:57:42 AM |
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soon million coins will be generated and dump it down, till then enjoy the pump guys
I will keep my TMEs at least 1 year  |
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fonship
Full Member
Offline
Activity: 893
Merit: 135
Bitcoin is not a currency or asset. Its a MOVEMENT
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August 16, 2017, 03:05:56 AM |
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why nobody want to sell ,i late to join in ,want to buy more TIMEREUM
Lols, how can we sell if the only exchange it is listed is still in wallet maintenance for 2 days now. 600216 TME on sale in Nova against buy orders of 1.75141059 BTC, and number TME on sale is increasing despite of people bought so expensive |
selling sushistake.com, send offers
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amy1284455127
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August 16, 2017, 03:29:06 AM
Last edit: August 16, 2017, 03:46:35 AM by amy1284455127 |
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Wow,TME crazy,the volume is already novaechange top5,everyone including me all like this coin, if the loan system goes live or are listed by more exchange, it will go to the moon! |
Tera's real blockchain is simple and easy to use!
terafoundation.org
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kiencuong
Member
Offline
Activity: 85
Merit: 10
postoken
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August 16, 2017, 03:44:28 AM |
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if TME , go short for livecoin , hit btc, vv , i thinks time short 1 usd !!!
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BMG86
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August 16, 2017, 03:46:09 AM |
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if TME , go short for livecoin , hit btc, vv , i thinks time short 1 usd !!!
Yes! We need more exchanges on board! Hopefully it gets listed in the next few weeks on more exchanges! Can't wait to see what the future holds for this coin! |
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fonship
Full Member
Offline
Activity: 893
Merit: 135
Bitcoin is not a currency or asset. Its a MOVEMENT
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August 16, 2017, 03:58:28 AM |
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and supply increased by another 100K to 6,302,382
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selling sushistake.com, send offers
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minereum_investor1
Member
Offline
Activity: 110
Merit: 10
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August 16, 2017, 04:07:32 AM |
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if TME , go short for livecoin , hit btc, vv , i thinks time short 1 usd !!!
Yes! We need more exchanges on board! Hopefully it gets listed in the next few weeks on more exchanges! Can't wait to see what the future holds for this coin! Does Bittrex get in contact with coin developers on its own so it would not be mandatory to pay the 3BTC fee? (AFAIK, seems the 3BTC fee is only aimed at promoting the coin). I read about Bittrex that is interested in coins that have nice daily volume while being innovative. I mean, TME currently has volume close to the BTCD one (which ranks in top 100). That way, could Bittrex list TME for free? (Dreaming's still permitted)  |
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