Netnox
Legendary
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Activity: 2044
Merit: 1008
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January 27, 2014, 12:46:54 PM |
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Will this coin be cpu or gpu mined?
Should be both. From what I understand gpu mining is not going to give you that much of an advantage over cpu. So when will mining be possible? After feb 1st or after the fundraiser limit has been reached after 2 months? I don't like this, they remind me to HSBC not allowing people to withdraw: "The fiduciary members will be vested over a 12 month period and cannot divest more than ⅓ of their position per year thereafter"
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nesco1805
Member
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Activity: 70
Merit: 10
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January 27, 2014, 12:47:42 PM |
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@lonsharim OK now I understand. /corners away How about - Early investors for taking a great risk due to the uncertainty of investment will be rewarded by a bonus of 2*initial investment for the first week and then this bonus decays by 2 percent per day for the remainder of the fundraiser until it reaches a floor of the base exchange rate of 0.001 BTC per 1 Ether
- After the fundraiser closes, the total sum of ether produced will be denoted as X and we will instantiate a premine of 0.50*X for the fiduciary members, early stakeholders, strategic partners
Is this a classical premine? Where premine goes to coin publisher, OP, bounties whatever. Or is this premine returned to investors? Because if not, who the hell are these so called Early stakeholder, if not before mentioned Early investors themselves?
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Alphi
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January 27, 2014, 12:56:10 PM |
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Is this a classical premine? Where premine goes to coin publisher, OP, bounties whatever. Or is this premine returned to investors?
Because if not, who the hell are these so called Early stakeholder, if not before mentioned Early investors themselves?
from what I gather most of the premined coins go to the IPO investors depending on how many BTC are invested ofcourse. I just read the white paper and im quite fascinated by these new developments.. especially multi way contracts and savings wallets where more than one key holder is required before x amount can be spent. That is a real game changer for those people who are not tech savvy enough to protect their funds properly.
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KARMA: KSc9oGgGga1TS4PqZNFxNS9LSDjdSgpC1B VERT: VgKaooA5ZuLLUXTUANJigH9wCPuzBUBv9H DOGE: DRN7pXid34o6wQgUuK8BoSjWJ5g8jiEs4e
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lonsharim
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January 27, 2014, 12:56:42 PM |
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Will this coin be cpu or gpu mined?
Should be both. From what I understand gpu mining is not going to give you that much of an advantage over cpu. So when will mining be possible? After feb 1st or after the fundraiser limit has been reached after 2 months? I don't like this, they remind me to HSBC not allowing people to withdraw: "The fiduciary members will be vested over a 12 month period and cannot divest more than ⅓ of their position per year thereafter"1. Mining is slated to start after the completion of 2 months from 1st Feb, so the earliest date is 1st April 2. You and I are not fiduciary members. Fiduciary members in this case are the 4 founders, early stakeholders and partners, not even those that receive remuneration/bounties in ETH for being part of the project.
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lonsharim
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January 27, 2014, 01:04:57 PM |
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@lonsharim OK now I understand. /corners away How about - Early investors for taking a great risk due to the uncertainty of investment will be rewarded by a bonus of 2*initial investment for the first week and then this bonus decays by 2 percent per day for the remainder of the fundraiser until it reaches a floor of the base exchange rate of 0.001 BTC per 1 Ether
- After the fundraiser closes, the total sum of ether produced will be denoted as X and we will instantiate a premine of 0.50*X for the fiduciary members, early stakeholders, strategic partners
Is this a classical premine? Where premine goes to coin publisher, OP, bounties whatever. Or is this premine returned to investors? Because if not, who the hell are these so called Early stakeholder, if not before mentioned Early investors themselves? Investors are not early stakeholders. Investors own no part of 0.50 * X, we can potentially own a fraction of X as investors. Early stakeholders could be any person or institution who contribute in any form useful to the project other than in BTC. We will know more when they disclose more information. They have already mentioned that they are partnering with Krypokit and Hive, it has not been made clear if Hive for instance will receive some ether in return but I am assuming they will. There is no free lunch after all.
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turtoro
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January 27, 2014, 01:06:50 PM |
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Will this coin be cpu or gpu mined?
Should be both. From what I understand gpu mining is not going to give you that much of an advantage over cpu. So when will mining be possible? After feb 1st or after the fundraiser limit has been reached after 2 months? I don't like this, they remind me to HSBC not allowing people to withdraw: "The fiduciary members will be vested over a 12 month period and cannot divest more than ⅓ of their position per year thereafter"Google what "fiduciary member" is and youll see that you are not one and the restrictions dont apply to you. Jesus Christ people. I think some need to work on your reading comprehension. As I mentioned before im still looking at the merits of this project but the disninfo in this thread is staggering.
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lonsharim
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January 27, 2014, 01:14:21 PM |
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As I mentioned before im still looking at the merits of this project but the disninfo in this thread is staggering.
+1 I am fast reaching the point where I see no need to correct this misinformation, some of which is clearly deliberate.
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BitcoinForumator
Legendary
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Activity: 1120
Merit: 1000
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January 27, 2014, 01:21:18 PM |
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What about the costs founders estimate to have after the launch?
You know, the good old spreadsheet...
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lonsharim
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January 27, 2014, 01:23:53 PM |
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What about the costs founders estimate to have after the launch?
You know, the good old spreadsheet...
Not yet disclosed to the public AFAIK We should hopefully know more now that the Miami conference is over.
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nesco1805
Member
Offline
Activity: 70
Merit: 10
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January 27, 2014, 01:23:55 PM |
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Sooooo...............
For every $2 we invest, there is 1$ of fixed onetime inflation + 40% yearly inflation
Right or wrong ^^
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BitcoinForumator
Legendary
Offline
Activity: 1120
Merit: 1000
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January 27, 2014, 01:25:10 PM |
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What about the costs founders estimate to have after the launch?
You know, the good old spreadsheet...
Not yet disclosed to the public AFAIK We should hopefully know more now that the Miami conference is over. "Kinda" important if you want to know what they're up to.
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lonsharim
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January 27, 2014, 01:27:43 PM |
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What about the costs founders estimate to have after the launch?
You know, the good old spreadsheet...
Not yet disclosed to the public AFAIK We should hopefully know more now that the Miami conference is over. "Kinda" important if you want to know what they're up to. I agree There is the much derided prospectus to be released on 1st Feb. I will look for any new information on there and also their official website.
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turtoro
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January 27, 2014, 01:29:50 PM |
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What about the costs founders estimate to have after the launch?
You know, the good old spreadsheet...
Not yet disclosed to the public AFAIK We should hopefully know more now that the Miami conference is over. "Kinda" important if you want to know what they're up to. It is important. And thats why we will look at it and have more concrete facts to analyse this on afterwards. Thats why all the fearmongering is so silly, its not based on anything. In fairness to those guys its not like they just dropped by and said "send me 30000btc". They gave an overview and said more info will be on the way.
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Chris001
Sr. Member
Offline
Activity: 448
Merit: 250
electroneum.com
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January 27, 2014, 01:30:27 PM |
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is there a minimum I can invest?
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https://bitcointalk.org/index.php?action=trust;u=186785Here is the link to my trust settings here on forum. This trust system is very unfair. I make good on every deal Ive ever made. I had many, many deals as you can see and I never scammed anyone. All it takes is a random account to give you negative trust and youre screwed. Tomatocage has never even talked to me ever but when the random acct hit me with negative trust, Tomatocage came right behind him and marked neg trust again so obviously he was the one who did it. You can look at Tomatocage trust and see how many of his compeditors at the currency exchange thread he labeled scammers. I never scammed anyone. My trust was green over 20 before this. I hope it never happens to you because the mods cant help you.
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lonsharim
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January 27, 2014, 01:31:16 PM |
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is there a minimum I can invest?
I think the minimum is 0.01 BTC
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_ingsoc
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January 27, 2014, 01:44:18 PM |
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ZBBBB
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January 27, 2014, 01:45:31 PM |
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+1. 9 million questions asked, 0 answered. Speculations running wild.
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turtoro
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January 27, 2014, 01:46:20 PM |
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+1. 9 million questions asked, 0 answered. Speculations running wild. They were at the conference in miami over the weekend.
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BitcoinForumator
Legendary
Offline
Activity: 1120
Merit: 1000
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January 27, 2014, 01:48:07 PM |
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What about the costs founders estimate to have after the launch?
You know, the good old spreadsheet...
Not yet disclosed to the public AFAIK We should hopefully know more now that the Miami conference is over. "Kinda" important if you want to know what they're up to. It is important. And thats why we will look at it and have more concrete facts to analyse this on afterwards. Thats why all the fearmongering is so silly, its not based on anything. In fairness to those guys its not like they just dropped by and said "send me 30000btc". They gave an overview and said more info will be on the way. It's not just important. It's essential. Who could consider investing without it? Is this kindergarten? The fact there are no numbers is alarming. Even if there are none right now, it should be mentioned on the front-first page as to when they're going to be available. Transparency! BEFORE the IPO.
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ZBBBB
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January 27, 2014, 01:48:41 PM |
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Yea I know. I'm just saying both sides of the isle are getting all worked up before giving them a chance to even respond.
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