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alexius89-2 (OP)
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August 15, 2017, 05:12:39 AM
Last edit: January 16, 2019, 09:23:43 AM by alexius89-2 |
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alexius89-2 (OP)
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August 15, 2017, 05:13:46 AM
Last edit: March 18, 2018, 03:58:00 PM by alexius89-2 |
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alexius89-2 (OP)
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August 15, 2017, 05:14:42 AM
Last edit: September 22, 2017, 06:01:33 PM by alexius89-2 |
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mainconcept
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August 15, 2017, 05:21:35 AM |
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Staking the coin means to be a VPN exit node? Good luck with the project.
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Dr.Lecter
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August 15, 2017, 05:21:56 AM
Last edit: January 24, 2018, 04:18:13 AM by Dr.Lecter |
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i will traslate vietnamese  |
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dunedainbob
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August 15, 2017, 05:30:26 AM
Last edit: August 15, 2017, 06:05:02 AM by dunedainbob |
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A 10% developer reward? Every dev deserves a cut, but 10% is silly. It's also short-sighted because a smaller reward of 1% to 3% would actually end up being worth more than a 10% reward, because you're going to lose a lot of interested parties. No one seems to understand this math: 10% of something no one wants to touch << 1% of something people will actually adopt because they don't need to fear dumping EDIT: I TOTALLY fucked up some math. See dev response below. The supply will outgrow what the devs hold quicker than I thought. I stand by my comments on 10% still being high, but I do apologize for my bad math. |
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alexius89-2 (OP)
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August 15, 2017, 05:48:11 AM
Last edit: August 15, 2017, 06:01:03 AM by alexius89-2 |
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A 10% develepor reward? Every dev deserves a cut, but 10% is silly. It's also short-sighted because a smaller reward of 1% to 3% would actually end up being worth more than a 10% reward, because you're going to lose a lot of interested parties. No one seems to understand this math: 10% of something no one wants to touch << 1% of something people will actually adopt because they don't need to fear dumping EDIT: Part of what makes this so stupid is that, with a 1900 initial reward and 2 minute blocktimes, it's going to take well over 2 years for 100 million coins to be mined. Developer reward is 100 million coins. THIS MEANS DEVELOPORS ALREADY HAVE MORE THAN THE TOTAL NUMBER OF COINS TO BE MINED OVER THE NEXT TWO YEARS. Think about that. They will still control almost 50% of this coin two years from now (technically, they will control 40% because of bounties). Is that something that's going to have any value on exchanges? Why will anyone buy this coin in 2018 or 2019 if you guys hold 40% of it? Hi There, There is no ICO or whatsoever. Any kind of costs, developments, researches, marketing costs are with us. Further, we aim to run this project long-term and have no intention at all to cause a market crash. As you know we are humans and are driven by a monetary owned society - Call the 10% premine motivation fund, sounds less brutal. Trust is important & required in Crypto to some extend, we are all aware of that. Anyway, thanks for your input & time  For the math, How did you calculate 100 million coins? This 100 million coins will be mined within 70 days - not two years.
in two years about 650 million coins will be mined which means our part will be around 15% |
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alexius89-2 (OP)
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August 15, 2017, 05:51:29 AM |
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i will traslate vietnamese That is fine. Send me a PM please |
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dunedainbob
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August 15, 2017, 06:06:50 AM |
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A 10% develepor reward? Every dev deserves a cut, but 10% is silly. It's also short-sighted because a smaller reward of 1% to 3% would actually end up being worth more than a 10% reward, because you're going to lose a lot of interested parties. No one seems to understand this math: 10% of something no one wants to touch << 1% of something people will actually adopt because they don't need to fear dumping EDIT: Part of what makes this so stupid is that, with a 1900 initial reward and 2 minute blocktimes, it's going to take well over 2 years for 100 million coins to be mined. Developer reward is 100 million coins. THIS MEANS DEVELOPORS ALREADY HAVE MORE THAN THE TOTAL NUMBER OF COINS TO BE MINED OVER THE NEXT TWO YEARS. Think about that. They will still control almost 50% of this coin two years from now (technically, they will control 40% because of bounties). Is that something that's going to have any value on exchanges? Why will anyone buy this coin in 2018 or 2019 if you guys hold 40% of it? Hi There, There is no ICO or whatsoever. Any kind of costs, developments, researches, marketing costs are with us. Further, we aim to run this project long-term and have no intention at all to cause a market crash. As you know we are humans and are driven by a monetary owned society - Call the 10% premine motivation fund, sounds less brutal. Trust is important & required in Crypto to some extend, we are all aware of that. Anyway, thanks for your input & time For the math, How did you calculate 100 million coins? This 100 million coins will be mined within 70 days - not two years.
in two years about 650 million coins will be mined which means our part will be around 15% I apologize for the bad math, that was my mistake. I still think holding 15% after two years is pretty high. It's not a question of whether your intentions are to be trusted. It's a question of whether the market will bear a 15% ownership stake in the devs' hands. My guess is it won't, but this is just my analysis and time will tell who's right. |
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Slkp
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August 15, 2017, 06:08:46 AM |
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pool not working
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alexius89-2 (OP)
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August 15, 2017, 06:16:34 AM |
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I apologize for the bad math, that was my mistake. I still think holding 15% after two years is pretty high. It's not a question of whether your intentions are to be trusted. It's a question of whether the market will bear a 15% ownership stake in the devs' hands. My guess is it won't, but this is just my analysis and time will tell who's right.
No worries mate:) I actually haven't seen any ICO project that has only 15% allocated to the founding team. About 99% of recent or upcoming ICO's have between 30-50% allocated + Money raised which are crazy figures. For us is basically a fair long term alignment of interest. |
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alexius89-2 (OP)
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August 15, 2017, 06:21:18 AM |
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pool not working
Have a look at the beginning of the first post. |
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mainconcept
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August 15, 2017, 07:02:13 AM |
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How can someone avoid of being a VPN exit node? Is there a config file? More infos needed on this topic.
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alexius89-2 (OP)
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August 15, 2017, 07:13:04 AM |
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How can someone avoid of being a VPN exit node? Is there a config file? More infos needed on this topic.
The tech developer is based in the US - it's late night there at the moment. He'll get back to you in some hours |
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coinsminer2017
Newbie
 Offline
Activity: 58
Merit: 0
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August 15, 2017, 07:14:08 AM |
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Reserve for Indonesian translation.
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mv1986
Legendary
Offline
Activity: 2058
Merit: 1166
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August 15, 2017, 07:19:27 AM |
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If you run a VPN on a blockchain, aren't you likely going to run into load issues?
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TobiasVR
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August 15, 2017, 07:20:09 AM |
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wallet not synchronizing my pc windows 10
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alexius89-2 (OP)
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August 15, 2017, 08:15:47 AM |
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wallet not synchronizing my pc windows 10
you are right, thanks. We will look into it and release a new version in some hours. |
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alexius89-2 (OP)
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August 15, 2017, 08:19:45 AM |
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Reserve for Indonesian translation.
Someone else reserved before you, sorry mate. |
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