Obi-Wan Coinob1
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Activity: 29
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April 20, 2018, 06:21:35 AM
Last edit: April 20, 2018, 06:36:46 AM by Obi-Wan Coinob1 |
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So how did the webinar has gone through? Hope that there is a recorded session on official YouTube channel of chronologic. I believe it was about an in depth explanation on MyCrypto wallet integration as to how Day tokens would be used to execute a scheduled transaction.
There is a recorded session available on CL's youtube channel: https://www.youtube.com/watch?v=vdY7zwRQq0YBelow here I copy/pasted the relevant written questions/remarks and answers from the april 17th webinar: Q: Hi, I'd like to know if I can sell my TimeMint another way than having 8888 Day tokens.
A: Unfortunately no.
[edit: below 6 questions are about the conditional scheduling feature as being presented in the first part of the webinar] :
Q: Conditional scheduling can potentially be used for all decentralized exchanges
A: Precisely
Q: Nice. Market it as IFTTT (if-this-then-that) for crypto
A: That is a valid suggestion
Q: No priorities for timemint holders?
A: Claiming Mechaninsm, does that
Q: So will Time Mint holders have an advantage?
A: Yes, they will
Q: Also timemint?
A: Including TimeMint
Q: or just day amount?
A: both factors are put into consideration
[edit: below questions are about timenodes and the EAC in general and the ether/erc20 token scheduling feature as being presented in the rest of the webinar] :
Q: Do I have to use metamask when proving day token ownership to set up a timenode. Can I prove direct from a hardware wallet?
A: You should be able to prove using your hardware wallet, from mycrypto. The process uses a signed message from the address holding DAY. So you might be able to do so either way.
Q: Process did not work when signing direct from trezor
A: Kindly create an Issue on github, describing your experience, and we would get on it
Q: Can an existing Trezor account set up with MyEtherWallet.com access MyCrypto? My Timemint is tied to a Trezor / MEW address
A: Yes, you only need to sign a proof for your MEW address, from your Trezor
Q: When mainnet?
A: We are still waiting on the security audit, it might take up to 10 weeks
Q: Often ICOs require to whitelist an ETH address for participation to get the ERC20 token. This problem is unsolvable to EAC, isn't it?
A: The process would be to whitelist the generated schedule contract
Q: Is there any EAC V2 timenode version we can test? Especially CLI version... eac-js.cli on github seems to be outdated
A: Answered Live !!!
Q: How safe is EAC atm? A bullet-proof security audit would be essential before release EAC to the main net. And even then, declared clearly as BETA with use by own risk. One big issue on main net could kill the whole project.
A: We have begun an extensive security audit.
Q: Is there a plan to go out from Ethereum space with chronologic? I mean bring it into a cross chain environment?
A: Actually we are discussing this internally
Q: What is the advantage of having a time mint over just holding just 333Day.
A: You get priority claiming as a timenode [edit: i think he meant "as a timemint"]
Q: Looking further ahead - i presume companies could use the eth alarm clock for payment of stock dividends? Would this have to be paid in ETH? or could it be set for any fiat currency?
A: Only in ERC20 or ETH at the moment.
Q: Cool! Excited to hear about upcoming partnerships and who is catching on to the value here
A: We would update as we have confirmed partnerships
Q: keeping a trezor connected as a time node defeats the point of having a hard wallet
A: That is not a planned implementation, presently
Q: Will it be possible to link more than 1 timemint to a timenode? (in order to create a sort of timenode pool?)
A: we are looking at ways to implement that
If you've found this useful, merit me please  thanks. |
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MoneyJ
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April 24, 2018, 07:14:16 AM |
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Interesting topics included on today's upcoming webinar as developers would discuss about the launching of EAC version 1.0.0 and improved claiming bounty mechanism.
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CYPER
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April 24, 2018, 04:00:31 PM |
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Probably not the first guy asking this, but can someone explain the whole idea like I am a 6 years old.
I bought some day tokens back at the ico and now I don't know if it's worth keeping them or selling them?
I have 788 DAY tokens at the original purchasing address + 254 YESTERDAY tokens, which I seem to have moved from the original address to a new address.
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MoneyJ
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April 24, 2018, 10:49:38 PM |
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Probably not the first guy asking this, but can someone explain the whole idea like I am a 6 years old.
I bought some day tokens back at the ico and now I don't know if it's worth keeping them or selling them?
I have 788 DAY tokens at the original purchasing address + 254 YESTERDAY tokens, which I seem to have moved from the original address to a new address.
In my opinion it is really worth keeping . Several reasons will make sense to you. First you have enough tokens to be a timenode where in your Day tokens are tasked to execute future or scheduled transactions for the EAC protocol. Second with the Day token's limited supply rest assured that your token will be worthy because of rarity factor. Last would be its role in the Ethereum ecosystem is essential to the development of it. |
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CYPER
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April 25, 2018, 12:17:03 PM |
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Probably not the first guy asking this, but can someone explain the whole idea like I am a 6 years old.
I bought some day tokens back at the ico and now I don't know if it's worth keeping them or selling them?
I have 788 DAY tokens at the original purchasing address + 254 YESTERDAY tokens, which I seem to have moved from the original address to a new address.
In my opinion it is really worth keeping . Several reasons will make sense to you. First you have enough tokens to be a timenode where in your Day tokens are tasked to execute future or scheduled transactions for the EAC protocol. Second with the Day token's limited supply rest assured that your token will be worthy because of rarity factor. Last would be its role in the Ethereum ecosystem is essential to the development of it. Thanks for your reply, but I still don't know how all this works. What is a timemint? Why are there YESTERDAY tokens and are they different than DAY tokens? |
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MoneyJ
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April 26, 2018, 04:51:36 AM |
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Probably not the first guy asking this, but can someone explain the whole idea like I am a 6 years old.
I bought some day tokens back at the ico and now I don't know if it's worth keeping them or selling them?
I have 788 DAY tokens at the original purchasing address + 254 YESTERDAY tokens, which I seem to have moved from the original address to a new address.
In my opinion it is really worth keeping . Several reasons will make sense to you. First you have enough tokens to be a timenode where in your Day tokens are tasked to execute future or scheduled transactions for the EAC protocol. Second with the Day token's limited supply rest assured that your token will be worthy because of rarity factor. Last would be its role in the Ethereum ecosystem is essential to the development of it. Thanks for your reply, but I still don't know how all this works. What is a timemint? Why are there YESTERDAY tokens and are they different than DAY tokens? During ICO period if you contributed 5 or more ETH you are entitled to one of 3333 timemints being offered. This timemint has unique chrono power that generates DAY token everyday depending on your chrono power and your current number of DAY tokens . After 88 days the chrono power halve itself so for example your previous minting power is 0.75% it will be just 0.375% for the next 88 days and so on . Giving lesser power of minting in the long run. Yesterday tokens were accidentally created from the old smart contract because its minting power are 1 decimal place less than it would intend to mint. Instead of let say 1% mint the smart contract were minting just 0.1% . So developer corrected this by implementing another smart contract thus giving the previous DAY with YDAY identity. |
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CYPER
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April 27, 2018, 03:18:24 PM |
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Thank you for that explanation. If you don't mind a few extra questions:
1 - So I take it these Timemints are valuable in a sense. I assume they work automatically and in order to keep them I need to control the private keys for the address?
2 - Is there a way to see a timeline of all the halving power of the timemints with the exact dates?
3 - Which tokens are the valid ones? YESTERDAY tokens are worthless?
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hammerhart
Member
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Activity: 381
Merit: 11
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April 27, 2018, 08:44:32 PM |
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Thank you for that explanation. If you don't mind a few extra questions:
1 - So I take it these Timemints are valuable in a sense. I assume they work automatically and in order to keep them I need to control the private keys for the address?
2 - Is there a way to see a timeline of all the halving power of the timemints with the exact dates?
3 - Which tokens are the valid ones? YESTERDAY tokens are worthless?
1- correct in my understanding 2- the first day was on 19.9.2017..so we a re now in the 3 epoch...next change should be 9/10.6.2018 acc to my excel file 3- day tokens, yesterday is useless |
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CYPER
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April 28, 2018, 07:46:52 PM |
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Anyone?
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amintek15
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April 29, 2018, 04:33:34 PM |
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If I remember well there is a way to sell/buy a timemint, but you need for that more than 3k(not sure) DAYs.. So in your case if you transfer your tokens to other adress it won't mint anymore |
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marcelocoin
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April 30, 2018, 06:41:08 AM |
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yes there is the possibility of you selling or transfer the timemint, maybe someone will help you through the telegram or twitter.
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SatyrA
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Activity: 172
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April 30, 2018, 09:29:56 PM
Last edit: May 03, 2018, 08:17:28 PM by SatyrA |
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8888 Days need to transfer timemint.. huge amount.
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CYPER
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April 30, 2018, 09:57:30 PM |
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8888 Days need to transfer timemint.. hude amount.
I moved my DAYs out of the original address, where the TimeMint is. I assume the TimeMint is no longer working? Can I put them back? |
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Kirigaya Kazuto
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Activity: 16
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May 01, 2018, 01:33:17 PM |
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8888 Days need to transfer timemint.. hude amount.
I moved my DAYs out of the original address, where the TimeMint is. I assume the TimeMint is no longer working? Can I put them back? Yes you can transfer it back. I would suggest transferring them back as soon as possible you are not gaining DAY coins if they are not on a timemint. Probably missed out on a lot of generated DAY coins when it was in the first era. |
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MoneyJ
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May 01, 2018, 04:07:55 PM |
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When scheduling a transaction on ethereum I hope there is at least a minimum amount to do it. It would make some encouragement to operate a timenode because of profitable incentives.
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clarkgeneral86
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May 02, 2018, 06:19:57 AM |
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We have a lot of generated DAY coins when it was in the first era or the next era. Is the number of DAYS in circulating supply on coinmarketcap accurate?
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MoneyJ
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May 02, 2018, 11:45:08 PM |
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We have a lot of generated DAY coins when it was in the first era or the next era. Is the number of DAYS in circulating supply on coinmarketcap accurate?
What I think is that the number of tokens suppliy for days are just an estimated . As long as the currently chronoEra is less than 10 the generation of days are still in volume. But with halving each 88 days we Will see day tokens generation to be in scarce. |
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chichidori
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Activity: 1694
Merit: 1003
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May 03, 2018, 02:33:22 AM |
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This token have a very low supply which makes it rare and scarce but the price wont reflect it, the devs are doing good when it come to update. coinmarketcap is not accurate you have to submit a correction for the total supply something like that.
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starskey
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May 07, 2018, 10:41:14 AM |
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This token have a very low supply which makes it rare and scarce but the price wont reflect it, the devs are doing good when it come to update. coinmarketcap is not accurate you have to submit a correction for the total supply something like that.
If I am not mistaken, 4 million is the total supply of DAY. Someone correct me if I am wrong. |
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