[PRE-ANN] Stone - DAG Data-Structured Private Cryptocurrency

[StoneSoup]

1.I understand that tokens act like place holders to be with swapped with real coins when mainnet is ready and the tokens have zero value.The total supply is 150 million coins and 30% will be distributed to donators.So around 45 million tokens max are needed to be distributed to donators.I don't understand why you have created a contract with 150 million tokens ?

Will you be burning the remaining tokens after distribution to donors is completed?
This will bring integrity and trust to project and devs and will have automatic assurance that the remaining tokens are not sold or used for further donations/fund raising ,etc

150 million allows flexibility so things like bounties and Nano and Bitcoin payments can happen after testnet but before mainnet. It makes distribution much easier and is the method used by most coins that start out as tokens

2.As said earlier,STONE tokens is a temp arrangement (just a proof donation) and will be swapped,when mainnet is live.They are not intended for trading or listing on exchanges (cos it is not part of project activity).

No, that is what you just said. They are a marker of coins until actual coins can be produced. This is a very common method of distribution and all other tokens are tradeable.

So ,why not bring out policy that the mainnet coins will be swapped with the coins that are sent to the original ETH addresses and not with third parties ?
I believe that 99% of donators are fully aware that while donating that the project takes atleast 2 months to go live and this is not ICO/Airdrop/bounty to dump the coins on listing.I see the price at exchange is around 20% of the donation value.No sane 'donators' will be selling at that price,since they treated it has charity/donation/gamble .They prefer to lose 100% or gain 100% and not settle for 20%. Trading is only used for FUD/FOMO by vested people

Bad idea, this is just unnecessary and unjustified control. The tokens are thee to allow easy and flexibility. Some people want out or to reduce their stake and that is fair. Others want in or to increase their stake. All other tokens are tradeable and not tracked. Why would we want to force people to stay in if they feel the risk is too high. Yes, some people are selling at a loss but that is what happens in cryptocurrency. If felixando publishes some code, the tables may be turned and the cost of tokens will be higher than initial investment. I really don't see why anyone would want to turn this into a regulated system.

[BKCCI]

I would like to mention that many people are picking up the tokens that are being traded on Fork Delta. It is my understanding that people who've received tokens and lost interest and/or trust have the right to "sell" their shares of the project for whichever price they see appropriate.

I've bought a small portion myself because of the risk/reward associated with this project and would obviously like that the ERC-20 tokens being traded around keeps it's intended potential value. Cryptocurrencies revolve around free market economics - let's keep it that way.

Obviously, the traded tokens must hold the same value as the ones directly distributed to donators, as they are the same. So when felixando decided to distribute ERC20 tokens, I'm sure he was aware that this means that from that moment on people will be trading, for whatever reasons.

[StoneSoup]

i will watch this one closely! hope i can joined in it,keep us update,goo luck with the project!

Go to etherdelta or forkdelta and buy some tokens there if you want in.

[Threenigma]

I really don't see why anyone would want to turn this into a regulated system.

Ever notice how people involved in cryptocurrencies don't grasp the basic idea of freedom? Pretty paradoxical.

[BKCCI]

I really don't see why anyone would want to turn this into a regulated system.

Ever notice how people involved in cryptocurrencies don't grasp the basic idea of freedom? Pretty paradoxical.

99% of people invested in crypto are in it for its value in fiat currency, which seems paradoxical too, but it's human nature. The thought coming to mind for probably 99% of people coming across this thread is not "wow, directed acyclic graph combined with privacy features, I can not wait to see this widely adopted to be able to buy my stuff without any entity being able to trace my transactions", but rather "wow, DAG + privacy, if this blows up like RaiBlocks / Nano and I'm in it early enough, this could be my moonshot to cash out big time". I am not saying this in a judgmental way even, widespread adoption is still years away, so it is hard to imagine when, how and if there will ever be a severe transition away from fiat to crypto.

Exciting times to be alive, so we might as well gamble a bit and by all means, never sell your whole stack of any coin right now that might have a chance to achieve mass adoption, even if you're in for the big cash out. 

[Threenigma]

Exciting times to be alive, so we might as well gamble a bit and by all means, never sell your whole stack of any coin right now that might have a chance to achieve mass adoption, even if you're in for the big cash out. 

Very well said.

[StoneSoup]

99% of people invested in crypto are in it for its value in fiat currency, which seems paradoxical too, but it's human nature. The thought coming to mind for probably 99% of people coming across this thread is not "wow, directed acyclic graph combined with privacy features, I can not wait to see this widely adopted to be able to buy my stuff without any entity being able to trace my transactions", but rather "wow, DAG + privacy, if this blows up like RaiBlocks / Nano and I'm in it early enough, this could be my moonshot to cash out big time". I am not saying this in a judgmental way even, widespread adoption is still years away, so it is hard to imagine when, how and if there will ever be a severe transition away from fiat to crypto.

I would love for crypto to be generally available and useable in most places that take cash or credit card. If I could pay my mortgage and bills with it that would be awesome too. The problem right now is that I can't so it has limited utility outside of financial investment and in the development of the tech. I consider my donation here to be both an investment in the tech and a financial investment. If I make a lot of fiat equivalent in crypto and can start spending it directly without converting to fiat, then that is what I'll do but as of now, I have not made a lot of fiat equivalent and I cannot spend what little I have at many places, especially at places where it matters like bills and mortgage.

[Xpommy]

1.I understand that tokens act like place holders to be with swapped with real coins when mainnet is ready and the tokens have zero value.The total supply is 150 million coins and 30% will be distributed to donators.So around 45 million tokens max are needed to be distributed to donators.I don't understand why you have created a contract with 150 million tokens ?

Will you be burning the remaining tokens after distribution to donors is completed?
This will bring integrity and trust to project and devs and will have automatic assurance that the remaining tokens are not sold or used for further donations/fund raising ,etc

2.As said earlier,STONE tokens is a temp arrangement (just a proof donation) and will be swapped,when mainnet is live.They are not intended for trading or listing on exchanges (cos it is not part of project activity).

So ,why not bring out policy that the mainnet coins will be swapped with the coins that are sent to the original ETH addresses and not with third parties ?
I believe that 99% of donators are fully aware that while donating that the project takes atleast 2 months to go live and this is not ICO/Airdrop/bounty to dump the coins on listing.I see the price at exchange is around 20% of the donation value.No sane 'donators' will be selling at that price,since they treated it has charity/donation/gamble .They prefer to lose 100% or gain 100% and not settle for 20%. Trading is only used for FUD/FOMO by vested people
3.Once the distribution is over,please clean up the thread and post updates at regular intervals

Instead of making loud demands, why don’t you make your own project and run it exactly how you want .
Honestly, sounds like a bunch of petulant kids sometimes. Yes, we may not get anything out of this project . We knew that when investing but half the people complaining probably didn’t even invest any money !!

[rublaj]

Guys I am one of the first donors. My nickname is in the donors list. I sent my TX to felixandro one week ago and still dont received my tokens. I also wrote here to no answer...

When is the next batch?

I know that Felixandro needs to check everything manually and etc, but...  just sharing.

Cheers,
Rublaj.

[Mr.boombastick]

The technology Stone is based on DAG, but tokens for some reason on the ERC 20?

[f1tz14]

Felixandro, thank you for sending out the tokens, received with gratitude. Can't wait to see the development of this project and best of luck with the dev side of things, as we move forward and the testnet is released I'm sure the community will grow and you'll get the support you deserve.

[Praedium]

The technology Stone is based on DAG, but tokens for some reason on the ERC 20?

They're just placeholders for donators until the main net is live

[alphaone]

I am a fan of Nano and very interested in Stone , I am not able to find Stone on Etherdelta , Can you help?

[FFI2013]

Could my supporters please +Merit a few of my posts so i am able to use an avatar in my profile, to set my posts apart from the others  


Thank you!








felixando

Just sent you a merit to help show support in this project

[Praedium]

Guys I am one of the first donors. My nickname is in the donors list. I sent my TX to felixandro one week ago and still dont received my tokens. I also wrote here to no answer...

When is the next batch?

I know that Felixandro needs to check everything manually and etc, but...  just sharing.

Cheers,
Rublaj.

I'm still waiting on mine as well, hopefully we'll get them in the next day or so

[zaycc]

Guys I am one of the first donors. My nickname is in the donors list. I sent my TX to felixandro one week ago and still dont received my tokens. I also wrote here to no answer...

When is the next batch?

I know that Felixandro needs to check everything manually and etc, but...  just sharing.

Cheers,
Rublaj.

I'm still waiting on mine as well, hopefully we'll get them in the next day or so

same, not stressing too much though I guess.

[Alohaboy?!]

I think that not many people will dump the tokens at the first possibility, if Felixando really delivers. They remember the xrb progress.

Actually there were quite a lot available on EtherDelta yesterday when I brought some. People panic and act irrationally and then regret. They are really cheap and a great opportunity but they come with a really high risk so don't bet money you can't afford to lose (Think of it as money you would take to a casino, you may come away rich but also have a decent chance of losing it all).

If you are considering selling, I suggest you keep a few back just in case, at least you will not have so many regrets if/when felixando delivers.

As for felixando's comments about not selling, I see it as more advisory as in, if you sell you are really going to regret and he is doing what he thinks best and advising that. Given that he is the one person who knows for certain that this is going to happen (or not) he would be remiss not to warn people that they will lose on the opportunity. I don't see any angle in which he benefits either way honestly. I do think that there is deliberate fudding (and lets face it, it is really easy to do given the circumstances) to scare people into selling their tokens. Personally I intend to hodl and wait and see and with a bit of luck, this will be a huge win. If it doesn't happen, I will be upset but will move on.

Even Islapdonkeys can't come up with a reasonable reason for felixando to still be posting if he is trying to scam. Perhaps that is because felixando can make hundreds of times more just by releasing a coin that works. Sometimes there is more to be made in releasing the coin than in any scam that can be concocted. You don't get to be as rich as the Ripple founders of Nano devs by scamming, you get there by making a working coin and then get to spend the rest of your days on your mega yacht in the Med surrounded by beautiful people.

Edit: I wanted to add, the Binance listing probably only requires to see code towards the end of the application process or maybe not at all since tokens can be traded, Binance does not make judgements on the value of what is traded. Someone could try ask Binance if an application has been made for Stone but I doubt they would tell you because of confidentiality reasons.

Man but why would Felixando delete past comments asking for specs/about the the technicalities of the code?

Look at this image> https://imgur.com/a/UxUij

This was before felixando "documented" that he took from Wikipedia.

This dude called him on it and instead of responding to him, and explaining his position.

He deleted the damn post.

Why would a legit developer delete such a post?

This was in the beginning... when donations we're still open remember...

So be it, I will wait patiently for the code. Perhaps he did not know at the time, either way, good luck Felix if you are legit.

MrAhab, you have been in here from the start spreading FUD for your own personal gain, at times i do delete FUD posts, that is correct, i did delete that particular post due to it spreading miss-information, guy claiming to be wikipedia creator, saying i was wrong, for 1, i was not wrong, 2. I always use sources if i cite information from another location, and in this scenario, i had.

Seems to be a full time job keeping the trolls at bay, what are you to gain from arguing with me about everything and anything? if this is a scam and you argue, what happens then? do you win? are you the boss man now? and if this project is legitimate and you argue with me, what happens then? do you pat yourself on the back for successfully irritating your developer, wasting his time, pausing the coding, disheartening his view on the community?



felixando

Just don't spend much time with the trolls. I think some post deletion won't hurt the thread at all. But well it´s some kind of honor to have your own thread troll

[prestosays]

Guys I am one of the first donors. My nickname is in the donors list. I sent my TX to felixandro one week ago and still dont received my tokens. I also wrote here to no answer...

When is the next batch?

I know that Felixandro needs to check everything manually and etc, but...  just sharing.

Cheers,
Rublaj.

I'm still waiting on mine as well, hopefully we'll get them in the next day or so

same, not stressing too much though I guess.

Same for me as well.  Patiently waiting. 

[felixando]

I think that not many people will dump the tokens at the first possibility, if Felixando really delivers. They remember the xrb progress.

Actually there were quite a lot available on EtherDelta yesterday when I brought some. People panic and act irrationally and then regret. They are really cheap and a great opportunity but they come with a really high risk so don't bet money you can't afford to lose (Think of it as money you would take to a casino, you may come away rich but also have a decent chance of losing it all).

If you are considering selling, I suggest you keep a few back just in case, at least you will not have so many regrets if/when felixando delivers.

As for felixando's comments about not selling, I see it as more advisory as in, if you sell you are really going to regret and he is doing what he thinks best and advising that. Given that he is the one person who knows for certain that this is going to happen (or not) he would be remiss not to warn people that they will lose on the opportunity. I don't see any angle in which he benefits either way honestly. I do think that there is deliberate fudding (and lets face it, it is really easy to do given the circumstances) to scare people into selling their tokens. Personally I intend to hodl and wait and see and with a bit of luck, this will be a huge win. If it doesn't happen, I will be upset but will move on.

Even Islapdonkeys can't come up with a reasonable reason for felixando to still be posting if he is trying to scam. Perhaps that is because felixando can make hundreds of times more just by releasing a coin that works. Sometimes there is more to be made in releasing the coin than in any scam that can be concocted. You don't get to be as rich as the Ripple founders of Nano devs by scamming, you get there by making a working coin and then get to spend the rest of your days on your mega yacht in the Med surrounded by beautiful people.

Edit: I wanted to add, the Binance listing probably only requires to see code towards the end of the application process or maybe not at all since tokens can be traded, Binance does not make judgements on the value of what is traded. Someone could try ask Binance if an application has been made for Stone but I doubt they would tell you because of confidentiality reasons.

Man but why would Felixando delete past comments asking for specs/about the the technicalities of the code?

Look at this image> https://imgur.com/a/UxUij

This was before felixando "documented" that he took from Wikipedia.

This dude called him on it and instead of responding to him, and explaining his position.

He deleted the damn post.

Why would a legit developer delete such a post?

This was in the beginning... when donations we're still open remember...

So be it, I will wait patiently for the code. Perhaps he did not know at the time, either way, good luck Felix if you are legit.

MrAhab, you have been in here from the start spreading FUD for your own personal gain, at times i do delete FUD posts, that is correct, i did delete that particular post due to it spreading miss-information, guy claiming to be wikipedia creator, saying i was wrong, for 1, i was not wrong, 2. I always use sources if i cite information from another location, and in this scenario, i had.

Seems to be a full time job keeping the trolls at bay, what are you to gain from arguing with me about everything and anything? if this is a scam and you argue, what happens then? do you win? are you the boss man now? and if this project is legitimate and you argue with me, what happens then? do you pat yourself on the back for successfully irritating your developer, wasting his time, pausing the coding, disheartening his view on the community?



felixando

Just don't spend much time with the trolls. I think some post deletion won't hurt the thread at all. But well it´s some kind of honor to have your own thread troll

Thanks for the support Alohaboy?!, although i have honestly only deleted about 3 posts this entire thread, cant do that without the trolls having a field day, so i just leave the contents, i have nothing to hide here.







felixando

[felixando]

Guys I am one of the first donors. My nickname is in the donors list. I sent my TX to felixandro one week ago and still dont received my tokens. I also wrote here to no answer...

When is the next batch?

I know that Felixandro needs to check everything manually and etc, but...  just sharing.

Cheers,
Rublaj.

I'm still waiting on mine as well, hopefully we'll get them in the next day or so

same, not stressing too much though I guess.

Same for me as well.  Patiently waiting. 

Hi there, not too far away, you tokens are coming i have not forgotten about you.







felixando