[ANN] eMunie (EMU) - NOT a BitCoin fork/clone - call for beta testers

[VolanicEruptor]

how does this system limit hoarding?  The only way I see this possible is if you give me a deadline to spend my coin.. 

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[xan_The_Dragon]

bump

[Fuserleer]

how does this system limit hoarding?  The only way I see this possible is if you give me a deadline to spend my coin.. 

Simply the distribution of eMu around the system is more balanced, more like a pool when bitcoin mining than a solo person with massive amounts of hash power.

Its not 100% preventable, but if the distribution is less biased, then that helps.

Im not against hoarding per se, just more so when its bias to a few individuals.

[calaber24p]

Any speculation on the release time frame ?

[Fuserleer]

~ End of July

That will be the raw client with the supply - demand model and all that comes with it inc secure messaging.

Other services like the exchange, faucets, and usual run of the mill stuff will be soon after....then....the real work begins getting it mass adopted in places that no other crypto is.

[rbdrbd]

~ End of July

That will be the raw client with the supply - demand model and all that comes with it inc secure messaging.

Other services like the exchange, faucets, and usual run of the mill stuff will be soon after....then....the real work begins getting it mass adopted in places that no other crypto is.

Do you have any figures of overall money supply (# coins overall, target new coins per day, % of coins that are created in the first week as compared to over the first year, etc)?

[SpaceCadet]

This looks like one to watch.

[Fuserleer]

~ End of July

That will be the raw client with the supply - demand model and all that comes with it inc secure messaging.

Other services like the exchange, faucets, and usual run of the mill stuff will be soon after....then....the real work begins getting it mass adopted in places that no other crypto is.

Do you have any figures of overall money supply (# coins overall, target new coins per day, % of coins that are created in the first week as compared to over the first year, etc)?

Impossible to estimate as the supply is created as a portion of the demand, no demand, no new supply etc.

If there is massive demand there will be large generated supply, and all holders of a balance will receive interest on their holding to balance the supply inflation out, if there is low demand, then small supply generated and balance holders receive a less interest %

Estimations of pure dynamic systems that rely on human behavior is....difficult

[rbdrbd]

~ End of July

That will be the raw client with the supply - demand model and all that comes with it inc secure messaging.

Other services like the exchange, faucets, and usual run of the mill stuff will be soon after....then....the real work begins getting it mass adopted in places that no other crypto is.

Do you have any figures of overall money supply (# coins overall, target new coins per day, % of coins that are created in the first week as compared to over the first year, etc)?

Impossible to estimate as the supply is created as a portion of the demand, no demand, no new supply etc.

If there is massive demand there will be large generated supply, and all holders of a balance will receive interest on their holding to balance the supply inflation out, if there is low demand, then small supply generated and balance holders receive a less interest %

Estimations of pure dynamic systems that rely on human behavior is....difficult

Got it, thanks. I recall you had a post on supply/demand dynamics on the eMunie forums...I'll spend some time going through that.

[yaffare]

This is a total contradiction: You say you discourage hoarding, but give interest on .. hoarding???

If you give interest on a coin, the only thing people want to do with this coin is hoard.

[VolanicEruptor]

This is a total contradiction: You say you discourage hoarding, but give interest on .. hoarding???

If you give interest on a coin, the only thing people want to do with this coin is hoard.

I kind of already asked this 1 page ago, and the answer is still kind of strange.  It has to do more with balanced mining and getting rid of the hashpower monoplies, according to the response.  Mining is only a small portion of hoarding though, so they should really stop advertising that..

[yaffare]

What I do not understand, why are people blindly jumping on board, without even knowing what this is about and how it really works.

Another question: why do blocks have to be signed, if its proof of work? Are Hatches then trusted 3rd parties for the clients, because clients cannot
verify the work? Why do 2 hatches have to sign the block, this looks like a big security issue by design to me (or maybe I just misunderstand the hole thing).

[ripper234]

I'm not very clear with what are the proposed advantages/features.

Can someone elaborate?

[mrvegad]

51% attack proof, work is spread out of the whole network so that means eMu is spread out to more people instead of a select few getting most of the rewards, transaction times 15 secs or less with no chance of double spend, inclient secure messages (later on will include file transfer), interest and inflation that will work against/with each other to help stabilize the price, coded by a developer with 25 yrs experience.

[ripper234]

51% attack proof, work is spread out of the whole network so that means eMu is spread out to more people instead of a select few getting most of the rewards, transaction times 15 secs or less with no chance of double spend, inclient secure messages (later on will include file transfer), interest and inflation that will work against/with each other to help stabilize the price, coded by a developer with 25 yrs experience.

Not clear:

1. work is spread out - how does the protocol fairly distributes eMu to the entire network? I understand how PoW is fair, and haven't seen other mechanisms for fair, distributed wealth distribution except Proof of Stake and other similar proposals.

2. price stabilization - how does this work?

[eCoinomist]

1) 51% attack like Bitcoin is not possible, because eMunie has a block Tree transaction system, not block Chain, unlike Bitcoin. Every branch in that block tree can be valid and contain transactions. In fact there is almost nothing similar between the two.
here is detailed page explaining how it works

There is no official whitepaper yet, Fuserleer is still busy working on beta client. But i will put up some infographic and illustration later to demonstrate this system.
To be able to attack eMunie with brute force the attack will need to own something like 95% of the network, which is impossible to accomplish, unless there is hack we don't yet know of.

2) Price stabilization is just speculation atm, but with dynamic demand/supply system, hoarding will likely be less profitable than selling when it's high and buying when it's low.
The system aims for a stable price, estimated 1EMU = $1USD

For more info, I honestly suggest checking out this link first, we don't post much info here at all, only major updates.
http://forum.emunie.com/threads/newbies-read-me-first.117/

[BobMarley]

sounds cool

[wizzardTim]

watching - count me in if you need another tester

[BitcoinFX]

whitepaper please.

Fun-eMunie ?

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Could be an interesting one in all seriousness. Still looking for beta testers ?

[pinarello]

yes they still look for beta testers you can go to: http://forum.emunie.com/