Anne8
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March 04, 2018, 11:48:00 AM |
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The transaction fee is determinated on 0.0001 % of any amount. 50% of the transaction fees goes to the miners that solve the transactions, the other 50% were burned! This is how the coin regulates itself.
Can you explain this? How does burning 50% of the transaction fees prevent the coin from becoming worthless after it is launched? I dont know exactly what it is and how it works but as normal condition, burn 50% of total get make the lower fee compare with other. And also people more interest with cryptocurrency which is applied small fee. |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Matdog
Copper Member
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March 04, 2018, 11:56:25 AM |
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if the project looks good enough and I have to study it again, if the burning function prevents the coin to be worthless, and no one uses it, nobody wants it even no one buys it, does it become worthless like the others  |
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lockept93 (OP)
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March 04, 2018, 12:04:06 PM |
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The transaction fee is determinated on 0.0001 % of any amount. 50% of the transaction fees goes to the miners that solve the transactions, the other 50% were burned! This is how the coin regulates itself.
Can you explain this? How does burning 50% of the transaction fees prevent the coin from becoming worthless after it is launched? I dont know exactly what it is and how it works but as normal condition, burn 50% of total get make the lower fee compare with other. And also people more interest with cryptocurrency which is applied small fee. Imo 0.0001% is a small fee and let me discribe it with an example: You send 10k GreenCredits to your friends wallet. The fee would be 0.00100000 GC in that case. 0.0005 GC go to the miners, the other 0.0005 GC will burned with the transaction. |
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jereh988
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March 04, 2018, 12:11:10 PM |
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I am currently not too interested in all new token listings because now I am still waiting for altcoin that I have for listing on the exchange.
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lockept93 (OP)
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March 04, 2018, 01:22:30 PM |
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if the project looks good enough and I have to study it again, if the burning function prevents the coin to be worthless, and no one uses it, nobody wants it even no one buys it, does it become worthless like the others You have to decide between BlueCredits and GreeCredits. BC have a fix supply and don't will get burned on anytime. So its a coin like Bitcoin and others. GC are genreated by BC and also get burned in fees. So there is a circle between generating and burning. No where i write anything can prevent a coin to be worthless, i don't get it where people take this. Coins nobody want have, nobody use and nobody believe in and at least nobody will buy it, are worthless. Doesn't matter what this coin can do. So these are 2 different things. The Circle of burning and generating of GC would be help to build a pretty "stable" price (for GC) in the far future, that's it. |
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lockept93 (OP)
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March 04, 2018, 05:57:27 PM |
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I am currently not too interested in all new token listings because now I am still waiting for altcoin that I have for listing on the exchange.
I'm not sure why you tell us this? First nobody talks about a Token, 2nd. i can't see any concept related opinion. Pls stops these post gathering spams. |
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paxmao
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Do not die for Putin
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March 05, 2018, 10:52:10 AM |
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This seem like a complex way of making a 50% PoS, 50% PoW coin.
How is this coin "mined"? Without that the token economy is not well defined.
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Obduvan
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March 06, 2018, 12:24:23 PM |
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Is it mined?
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lockept93 (OP)
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March 06, 2018, 07:11:14 PM |
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This seem like a complex way of making a 50% PoS, 50% PoW coin.
How is this coin "mined"? Without that the token economy is not well defined.
The coin - at least i talk about BlueCredits - is 100% "premined", or in other words it's not minable. Miners only solve the transactions and get 50% of the fee of every transaction they solve. No release of new Bluecredits after Blocks, no difficult or something else that make power of miners senseless. |
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krakencoins
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March 06, 2018, 07:32:06 PM |
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This seem like a complex way of making a 50% PoS, 50% PoW coin.
How is this coin "mined"? Without that the token economy is not well defined.
The coin - at least i talk about BlueCredits - is 100% "premined", or in other words it's not minable. Miners only solve the transactions and get 50% of the fee of every transaction they solve. No release of new Bluecredits after Blocks, no difficult or something else that make power of miners senseless. Interesting project - lets see how it works. |
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lockept93 (OP)
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March 06, 2018, 08:13:29 PM |
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This seem like a complex way of making a 50% PoS, 50% PoW coin.
How is this coin "mined"? Without that the token economy is not well defined.
The coin - at least i talk about BlueCredits - is 100% "premined", or in other words it's not minable. Miners only solve the transactions and get 50% of the fee of every transaction they solve. No release of new Bluecredits after Blocks, no difficult or something else that make power of miners senseless. Interesting project - lets see how it works. At least it's still looking for help to realize this concept. |
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pendul
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Merit: 10
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March 06, 2018, 08:33:12 PM |
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are you planning any airdrop for bitcointalk users. Maybe you have any plans about bounty program?
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lockept93 (OP)
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March 06, 2018, 08:36:01 PM |
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are you planning any airdrop for bitcointalk users. Maybe you have any plans about bounty program?
Yes. It's no ICO - but 100% are premined, so all the BlueCredits will give out as Airdrops and Bounties and Giveaways to promote this currency. Also a big part will used to pay and organize cooperations and listings and so on. |
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damberg
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March 07, 2018, 11:45:39 AM |
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Technical details are quite clear to me, but what is the purpose of BCT in real life? How it solves problems or fulfill anybody's needs? There are lots of coins that are intended to be used simply as a means of (micro)payments. And majority of them will fall (sorry to be so realistic). Is there any specific industry you want to get into with BCT? Btw, joining your Discord now to talk about it further.  |
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lockept93 (OP)
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March 07, 2018, 12:12:30 PM |
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Technical details are quite clear to me, but what is the purpose of BCT in real life? How it solves problems or fulfill anybody's needs? There are lots of coins that are intended to be used simply as a means of (micro)payments. And majority of them will fall (sorry to be so realistic). Is there any specific industry you want to get into with BCT? Btw, joining your Discord now to talk about it further. What was the main reason why Bitcoin was created and rised in the internet? Cause it was an idea of that what many people of this world want - free decentralized fast digital money. But what is Bitcoin now? It's like Gold and so many different Altcoins for every little part of life was created. Imo there 2 needs of the people that have to fit - good investment opportunity with safe interests & fast anonymous digital money, stable and good to use in any case - micro and megatransactions should make no different. BlueCredits should be seen as the better Bitcoin and GreenCredits as better world currency/ the new fiat. No banks or devs generate and burn the money - the people should do, only depending of the number of transactions. I dont think in the furture people will pay their bread with Bitcoin, or something like DASH...or even Gas from ETH or NEO. All these ideas are good, but there is one unknown thing everything miss - at least it's maybe just the right feeling. |
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lockept93 (OP)
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March 07, 2018, 01:00:45 PM |
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And don't forget the Eco friendly part, no more energy waste.
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mapanlah
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March 07, 2018, 02:29:43 PM |
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whether the new altcoin has already held ico and bounty campaign programs
it seems the project is good and I have read the website of the project I want to join in the project can you help me for that.
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lockept93 (OP)
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March 07, 2018, 02:58:33 PM |
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whether the new altcoin has already held ico and bounty campaign programs
it seems the project is good and I have read the website of the project I want to join in the project can you help me for that.
It's too early for all that. But you can join the discord and be ready for future updates. https://discord.gg/SydXtRuFirst step is bui9lding a community and see what the people think about this. So join, stay and invite firends, thats all what u can do atm. |
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Ix
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March 07, 2018, 08:41:49 PM |
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Imo 0.0001% is a small fee and let me discribe it with an example:
You send 10k GreenCredits to your friends wallet. The fee would be 0.00100000 GC in that case.
0.0005 GC go to the miners, the other 0.0005 GC will burned with the transaction. Percentage fees are a bad idea because it costs people with lots of currency too much - the typical transaction (at least with bitcoin) is to send a payment to someone and the remaining balance somewhere else. If you maintain a high balance in any given account/transaction, you are constantly paying a percentage fee on it whenever you send money. Also, for small transactions the fee is probably too small to prevent spam, although a small minimum fee fixes that. |
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