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Author Topic: [PoS+PoW] eXocoin [EXO]-gen 2.0- dev. from scratch! Give-Away | Open Beta  (Read 415097 times)
Anon136
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February 25, 2014, 07:09:44 PM
 #861

How hard is it to write a bullshit whitepaper ? If i'd try a scam like this ( which i'd never do, to be clear ) I'd make sure to provide as much believable data as possible.
How hard is it to write a bullshit whitepaper ? If i'd try a scam like this ( which i'd never do, to be clear ) I'd make sure to provide as much believable data as possible.

wtf?

I think the real question is; How hard is it to write a different troll post for your different troll accounts on BTT?

i just wanted to immortalize it before he noticed and deleted one of them Cheesy

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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February 25, 2014, 08:21:56 PM
 #862

Alright here is what we think about the spreading:

First of all calculation basis:

We have about 650 people for the mail-giveaway. Lets say we will get 1500 till launch (the possibility to apply will end some days before the launch).
If they get a 10% block of EXO each valid mail address would get: 100,000,000 * 10% * (1/1500) = 6,600 EXO if there are less people than they will get maybe up to 10,000 EXO (=1000 people). We think that is about to be a realistic scenario.

Early-bird expectations (as it is now):

(your_amount) / (all_investmentsBTC+LTC) * 100,000,000 * 15%
with all_investments: 156.97 BTC + 663.73 LTC (lets assume 1BTC = 40LTC) == 173,56 BTC round it up to be 175BTC

if you invested 0.1 BTC then you would get 8,570 EXO. That is just (nearly) exactly in the middle of what we would expect that one single mail address would get.

We do not like to change initial promises like the spreading plan. However, I guess everyone must admit that a registration on a website cannot count like a 0.1 BTC investment as early-bird! That is simply not fair. Initially we thought that there would be way more mail applicants than investors but that seems not to be the case.

Second thought: The mining part is a key element of our spreading plan. We do not want to reduce it since 50% is somewhat like a magic number. Even 49% would look badly. Mining is essential for a good spreading and we would like to keep it at exactly 50%.

Third thought: Bounties+Giveaway block might be a little bit small. There could be more EXO used.

Fourth thought: We do not want to make 2 more stages. I guess it would bloat the investments too much. But we promised to make a next stage and cannot simply stop it now. That would not be fair to those who wanted to read the whitepaper before investments first (we respect this wish).

Sixth thought: The 9% interest paying block seems to be somewhat interesting but in fact it does not help to spread EXO among more people than without this block. It is just something like "everyone gets 9% more - yeah it is called deflation".

To face all those thoughts above we would like to do the following as we think it is the best to most parts of the community:

- only one more round ("2nd stage") no 3rd round (5% from third round goes to 2nd stage)
- shrink the mail giveaway block dynamically. We will see how many people we have in the end there. We would then shrink that block, so that everyone gets an amount of nearly 0.025 BTC investment (in the end we will have something like 4% maybe. We would like to split the rest to 1st + 2nd stage investors)
- cross out the interest paying block entirely. We would like to use the 9% to split it up: bounties+giveaways will increase to 4%, early-birds gets plus 6% from it

We would redraw the pie chart like the following:
mining:                50%
3rd stage:            crossed-out entirely
interest block:       crossed-out entirely
2nd stage:           10% + 5% + 3.5% = 18.5%
1st stage:            15% + 2.5% + 6% = 23.5%
mail:                    4%
bounties/giveaways: 4%


That would change the amount of EXO for early-birds to be: 0.1BTC equivalents 13,430 EXO
mail giveaway people would get: 4000EXO (if 1000 people, otherwise 2667EXO if 1500 people) thus an equivalent of 0.02 to 0.03 BTC


If the community is OK with these plans then we would change the pie chart to what I just described. Anyway we would handle it dynamically (if there are 5000 mail applicants they would get some percentage more again maybe). And we are going to ensure that an early-bird investor gets at least 1.2 times the amount of what a second stage investor will get for the same amount of investment (described on page 2 in this thread). However, we would like to draw a pie chart with percentages as a clear and good overview of what someone can expect. If it changes a bit in the end ok then it will change a bit(+-1% maybe). But with this update I guess we would come very very close to a realistic and more fair spreading plan.



here is what we think of the timeline:
- next whitepaper version (maybe only smaller changes but definitively with some code snippets and programming progress news) can be expected on sunday
- start of 2nd (and last) investment stage after the open beta up to some days before launch.




We would like to get more mail applicants (but do not try to masscreate accounts there. Each application will be automatically verified (some days before launch) against this list: https://bitcointalk.org/index.php?action=mlist

(checking if user exists, checking registration date (if newer than what we set as timestamp, than checking post count), checking for duplicate bitcointalk names in our database)

We really hope that you can arrange with or be happy with these thoughts. If many of you deny these plans we would see what we can do.
Next message of me in about 24h.

your eXocoin team


Quote from: eXocoin whitepaper 1.0
The highest two bits of the message byte are used to determine the current message hop of the message.
So, eXocoin is not anonymous?  Embarrassed If i receive a message with 1st hop then i know the ip of sender? Huh
As of now I can tell you: yes you would know the ip of the sender. We might consider something after the launch. Whatever you do (using mix, proxy etc) *someone* will always get your IP and you must rely on his discretness. In that case, however, you could simply block all peers and only enable the connection to one trustful supernode. Only he will get your ip then. All broadcasted messages will not include your ip address.

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February 25, 2014, 08:33:04 PM
 #863

I think that it's a good plan
Eadeqa
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February 25, 2014, 08:56:38 PM
 #864

How hard is it to write a bullshit whitepaper ? If i'd try a scam like this ( which i'd never do, to be clear ) I'd make sure to provide as much believable data as possible.
How hard is it to write a bullshit whitepaper ? If i'd try a scam like this ( which i'd never do, to be clear ) I'd make sure to provide as much believable data as possible.

wtf?

ROFLMAO!    Grin


Second time I witness such craziness today...  https://bitcointalk.org/index.php?topic=460035.msg5360678#msg5360678

...the posts were BACK 2 BACK too...


P.S.   Please check your PMs.   Wink


If you find more sock puppets of this guy, report it here

https://bitcointalk.org/index.php?topic=450200.msg5371342#msg5371342

These are obvious Nem sock puppets of of one guy

NXT-GZYP-FMRT-FQ9K-3YQGS
https://nxtforum.org
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February 25, 2014, 09:00:11 PM
 #865



We would redraw the pie chart like the following:
mining:                50%
3rd stage:            crossed-out entirely
interest block:       crossed-out entirely
2nd stage:           10% + 5% + 3.5% = 18.5%
1st stage:            15% + 2.5% + 6% = 23.5%
mail:                    4%
bounties/giveaways: 4%


That would change the amount of EXO for early-birds to be: 0.1BTC equivalents 13,430 EXO
mail giveaway people would get: 4000EXO (if 1000 people, otherwise 2667EXO if 1500 people) thus an equivalent of 0.02 to 0.03 BTC


If the community is OK with these plans then we would change the pie chart to what I just described.

I think this is perfect - go with it!!
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February 25, 2014, 09:01:12 PM
 #866

Seems okay, although I believe early bird should be 25% and 2nd stage should be 17%.  5% isn't enough difference between a blind early bird investment and the 2nd round investment with eXo already in beta.
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February 25, 2014, 09:08:16 PM
 #867

not bad
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February 25, 2014, 09:10:41 PM
 #868

Seems okay, although I believe early bird should be 25% and 2nd stage should be 17%.  5% isn't enough difference between a blind early bird investment and the 2nd round investment with eXo already in beta.

+1
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February 25, 2014, 09:11:04 PM
 #869



We would redraw the pie chart like the following:
mining:                50%
3rd stage:            crossed-out entirely
interest block:       crossed-out entirely
2nd stage:           10% + 5% + 3.5% = 18.5%
1st stage:            15% + 2.5% + 6% = 23.5%
mail:                    4%
bounties/giveaways: 4%


That would change the amount of EXO for early-birds to be: 0.1BTC equivalents 13,430 EXO
mail giveaway people would get: 4000EXO (if 1000 people, otherwise 2667EXO if 1500 people) thus an equivalent of 0.02 to 0.03 BTC


If the community is OK with these plans then we would change the pie chart to what I just described.

I think this is perfect - go with it!!

+1

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February 25, 2014, 09:19:21 PM
 #870

We would redraw the pie chart like the following:
mining:                50%
3rd stage:            crossed-out entirely
interest block:       crossed-out entirely
2nd stage:           10% + 5% + 3.5% = 18.5%
1st stage:            15% + 2.5% + 6% = 23.5%
mail:                    4%
bounties/giveaways: 4%

That would change the amount of EXO for early-birds to be: 0.1BTC equivalents 13,430 EXO
mail giveaway people would get: 4000EXO (if 1000 people, otherwise 2667EXO if 1500 people) thus an equivalent of 0.02 to 0.03 BTC

If the community is OK with these plans then we would change the pie chart to what I just described.
I think this is perfect - go with it!!
+1
I agree.

And 23.5% for 1st stage and 18.5% for 2nd stage is good, because they will have more BTC and LTC sent in 2nd stage.


 
 
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February 25, 2014, 09:19:34 PM
 #871

I think a 1.2X early bird advantage is hardly worth the risk.    If I had known that 2nd stage investments have the potential to achieve upto 80% equity stake in a project that (if realized) will be many orders of magnitude farther along, vetted, tested by the community and explained by the time the 2nd round funding is ready to end.    I would have absolutely bookmarked this thread and visited it in a few weeks to 'see what happened'.    There is no way I would have locked up any resources in this until later if/ever.  Crypto moves 24/7 and rewards the quick.   Not those locked up in escrow for weeks/months at only a 20% advantage to those that had weeks more time to use btc for other pursuits.

Hindsight is always 20/20,  I will concede that I think the devs are making the best choice they can come up with quickly to look forward to a healthier coin.    And I also know there is no point arguing about risks with people who have not even bought into this coin yet.  With 'hope' the Early adopters will become a very small part of this community.  And there is no point in spreading negativity in a community that is only going to get increasingly hostile to early adopting interests.

Lets hope that 2nd round funding goes extremely well and gets 100's+  BTC
That everyone uses Escrow, EVERYONE USES ESCROW!
That the devs march forward and keep us involved in this project every step
And that this community grows

I strongly disapprove of the potential reality this new outline could produce if 2nd round investment is very small as I suspect/fear it will be.

However I choose to support the devs in making a difficult and diplomatic decision.  

+ OKAY to the new plan.

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February 25, 2014, 09:19:39 PM
 #872

Seems okay, although I believe early bird should be 25% and 2nd stage should be 17%.  5% isn't enough difference between a blind early bird investment and the 2nd round investment with eXo already in beta.

+1

I agree with this, 5 % is too little.

We would redraw the pie chart like the following:
mining:                50%
3rd stage:            crossed-out entirely
interest block:       crossed-out entirely
2nd stage:           10% + 5% + 3.5% = 18.5%
1st stage:            15% + 2.5% + 6% = 23.5%
mail:                    4%
bounties/giveaways: 4%

That would change the amount of EXO for early-birds to be: 0.1BTC equivalents 13,430 EXO
mail giveaway people would get: 4000EXO (if 1000 people, otherwise 2667EXO if 1500 people) thus an equivalent of 0.02 to 0.03 BTC

If the community is OK with these plans then we would change the pie chart to what I just described.
I think this is perfect - go with it!!
+1
I agree.

And 23.5% for 1st stage and 18.5% for 2nd stage is good, because they will have more BTC and LTC sent in 2nd stage.
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February 25, 2014, 09:21:09 PM
 #873

Even though I opposed changing it, I am glad that you made changes in line with the AIM of what you are trying to do, which is fair spreading, while also honoring the people who wanted to wait, keeping the 50% mining block intact and also giving Exo out to the mail applicants.

That takes a fair amount of juggling and I think it's great how much thought you put into that. Smiley

Whatever is decided, I just wanted to tell you that I appreciate you taking both your investors ánd your own aims seriously. That bodes well for the future.

Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
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February 25, 2014, 09:22:57 PM
 #874



We would redraw the pie chart like the following:
mining:                50%
3rd stage:            crossed-out entirely
interest block:       crossed-out entirely
2nd stage:           10% + 5% + 3.5% = 18.5%
1st stage:            15% + 2.5% + 6% = 23.5%
mail:                    4%
bounties/giveaways: 4%


That would change the amount of EXO for early-birds to be: 0.1BTC equivalents 13,430 EXO
mail giveaway people would get: 4000EXO (if 1000 people, otherwise 2667EXO if 1500 people) thus an equivalent of 0.02 to 0.03 BTC


If the community is OK with these plans then we would change the pie chart to what I just described.

+1 OK, got better
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February 25, 2014, 09:41:22 PM
 #875

Seems okay, although I believe early bird should be 25% and 2nd stage should be 17%.  5% isn't enough difference between a blind early bird investment and the 2nd round investment with eXo already in beta.

+1

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February 25, 2014, 09:42:10 PM
 #876

+1 for the corrected plan
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February 25, 2014, 10:06:35 PM
 #877

If the community is OK with these plans then we would change the pie chart to what I just described.

OK   Wink

an OK from me too
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February 25, 2014, 10:13:52 PM
 #878

I think a 1.2X early bird advantage is hardly worth the risk.    If I had known that 2nd stage investments have the potential to achieve upto 80% equity stake in a project that (if realized) will be many orders of magnitude farther along, vetted, tested by the community and explained by the time the 2nd round funding is ready to end.    I would have absolutely bookmarked this thread and visited it in a few weeks to 'see what happened'.    There is no way I would have locked up any resources in this until later if/ever.  Crypto moves 24/7 and rewards the quick.   Not those locked up in escrow for weeks/months at only a 20% advantage to those that had weeks more time to use btc for other pursuits.

Hindsight is always 20/20,  I will concede that I think the devs are making the best choice they can come up with quickly to look forward to a healthier coin.    And I also know there is no point arguing about risks with people who have not even bought into this coin yet.  With 'hope' the Early adopters will become a very small part of this community.  And there is no point in spreading negativity in a community that is only going to get increasingly hostile to early adopting interests.

Lets hope that 2nd round funding goes extremely well and gets 100's+  BTC
That everyone uses Escrow, EVERYONE USES ESCROW!
That the devs march forward and keep us involved in this project every step
And that this community grows

I strongly disapprove of the potential reality this new outline could produce if 2nd round investment is very small as I suspect/fear it will be.

However I choose to support the devs in making a difficult and diplomatic decision.  

+ OKAY to the new plan.

+1. This might sound "greedy" for some, but seriously, the amount of risk taken by 1st round investors (BEFORE even the whitepaper) should be rewarded by more than 20% of the second round. I'd vote for 24% / 17%. But I guess it also depends how many the second stage gets. If there is a lot of investments, then I'd be fine with the current proposition.
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February 25, 2014, 10:19:51 PM
 #879

I vote to reduce the amount for e-mail giveaways as this does not take any risk except for giving up the throwaway e-mail most people use for spam and other temporary things.

Instead take that percentage taken from e-mail giveaway and either give it to early bird adopters or split it amongst early bird and second stage investors (depending on the risk each group took accordingly).

Besides that, everything else seems ok.
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February 25, 2014, 10:33:47 PM
 #880

Anon136:  I am looking through the exo's investors list and I'm a bit confused.  I sent 0.16 BTC for investment, but do not see my amount on there.  I understand you took a fee and the total after fee is displayed.  So if you could tell me what my actual investment was I would appreciate it (I don't know exactly how much is your fee, I know not very smart of me but hey I took a risk).
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