infofront
Legendary
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Activity: 2646
Merit: 2793
Shitcoin Minimalist
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 04, 2014, 07:44:33 PM |
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I'm not sure what the problem is, but I can't connect to the US groestl p2pool or poolerino's groestl P2pool.
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neuroMode
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 04, 2014, 07:45:01 PM |
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Hi guys, just chiming in with some news thanks to neuroMode, there's a new game available for Myriad! http://cryptocoinfaucet.appspot.com/games/rpsIt's a Rock, Paper, Scissors betting game!!! The current max bet is setup to 50 MYR, try not to hit it too hard. Part of the earnings will go to the Myriad foundation. this. this game is fucking fun. I am giving away 100 MYR to the first 100 Facebook followers. I just posted this game on our page (facebook.com/themyriadplatform). Since max bet is 50 I think it's a perfect way for the facebook users to use their 100 MYR ^_^
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Grumand
Member
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Offline
Activity: 68
Merit: 10
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May 04, 2014, 07:56:45 PM |
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If you are going to accuse someone of being a known scammer, you better provide proof.
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ahmed_bodi
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 04, 2014, 08:05:42 PM |
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I'm not sure what the problem is, but I can't connect to the US groestl p2pool or poolerino's groestl P2pool.
its back online ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Bitrated user: ahmedbodi.
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foodies123
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 04, 2014, 09:04:25 PM |
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If you are going to accuse someone of being a known scammer, you better provide proof. he can't and he won't which is sad.
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nope
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eXSn
Member
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Offline
Activity: 94
Merit: 10
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May 04, 2014, 10:00:37 PM |
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I've found one paper written by Kirill Gourov that is full of cherry-picked data and a couple linked-in pages.
I resent that. You obviously didn't bother reading it.
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ocminer
Legendary
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Activity: 2688
Merit: 1240
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 04, 2014, 10:20:16 PM |
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Now with active anti ddos ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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suprnova pools - reliable mining pools - #suprnova on freenet https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools
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neuroMode
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 04, 2014, 10:26:29 PM |
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The homeless-looking, drug-addicted, filthy criminal that the trolls here love to dub "Bryce Weiner" has posted this picture on Twitter. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FgLZPEcB.png&t=665&c=9XNR1gNyjl7v2Q) Looks like he actually walks the walk, which is more than any troll here has contributed to a coin.
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primer-
Legendary
Offline
Activity: 1092
Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 04, 2014, 10:34:10 PM |
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The homeless-looking, drug-addicted, filthy criminal that the trolls here love to dub "Bryce Weiner" has posted this picture on Twitter. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FgLZPEcB.png&t=665&c=9XNR1gNyjl7v2Q) Looks like he actually walks the walk, which is more than any troll here has contributed to a coin. What is this, a crystal-meth factory ? Garage and equipment worth couple hundred bucks in total ? They must be working on those pedometer wallets. You fucking dumb retard.
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ahmed_bodi
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 04, 2014, 10:37:53 PM |
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and you are working on what exactly? running you're mouth?
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Bitrated user: ahmedbodi.
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SlientBit
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May 04, 2014, 10:40:41 PM |
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You fucking dumb retard.
Man, even if you're right about all this shit, you don't have the right to badmouth anyone or being a complete jerk to others. Congratulations, you're my first effective member of my ignore list.
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foodies123
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 04, 2014, 10:41:06 PM |
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What is this, a crystal-meth factory ? Garage and equipment worth couple hundred bucks in total ? They must be working on those pedometer wallets.
You fucking dumb retard.
It's like you don't even try anymore. I remember the good ol` days when your trolling was actually good.
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nope
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Beave162
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May 04, 2014, 11:18:51 PM |
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Gentlemen. Coin generation rate means nothing. Do you understand initial pricing on exchanges?
2,880,000 MYR per day x 0.00000500 MYR/BTC = 14.4BTC buy support to maintain 500 MYR assuming every miner dumps every day.
14.4BTC buy support. That's it. You can start to worry when the daily Mintpal volume approaches this number.
How do you increase the value of a coin? You give people reasons to inject their BTC in it. You don't artificially lower the coin generation rate. The innovation alone in this coin gave me a reason to inject my BTC into it on Poloniex. Now, we are doing as much as possible to build projects around Myriad so people feel confident acquiring BTC at a healthy rate.
If you artificially lower the coin generation rate, the price may "rise" initially to a proportional level (which is morally objectionable) but then you still need the same number of BTC to sustain it at that level. The artificial price rise is equivalent to a pump and offers nothing to the coin except unfair advantage to everyone mining this coin in its early days.
If you invested 1BTC into Litecoin and 1BTC into Myriadcoin, you would need both to increase 100% to get 2BTC despite their relative price difference against BTC. LTC would need to jump from 0.025 LTC/BTC to 0.05 LTC/BTC while MYR would need to jump from 0.00000575 MYR/BTC to 0.00001050 MYR/BTC. Using this logic, I would actually argue that LTC's coin creation rate is way too high because we've only seen it hit 0.05 LTC/BTC once on a glorious pump. There clearly is not enough buy demand to sustain LTC anywhere above 0.03BTC
Argument over.
+1 Great insight on the pricing mechanism of crypto.
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YaCoin: YL5kf54wPPXKsXd5T18xCaNkyUsS1DgY7z BitCoin: 14PFbLyUdTyxZg3V8hnvj5VXkx3dhthmDj
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neuroMode
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 04, 2014, 11:43:26 PM |
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Gentlemen. Coin generation rate means nothing. Do you understand initial pricing on exchanges?
2,880,000 MYR per day x 0.00000500 MYR/BTC = 14.4BTC buy support to maintain 500 MYR assuming every miner dumps every day.
14.4BTC buy support. That's it. You can start to worry when the daily Mintpal volume approaches this number.
How do you increase the value of a coin? You give people reasons to inject their BTC in it. You don't artificially lower the coin generation rate. The innovation alone in this coin gave me a reason to inject my BTC into it on Poloniex. Now, we are doing as much as possible to build projects around Myriad so people feel confident acquiring BTC at a healthy rate.
If you artificially lower the coin generation rate, the price may "rise" initially to a proportional level (which is morally objectionable) but then you still need the same number of BTC to sustain it at that level. The artificial price rise is equivalent to a pump and offers nothing to the coin except unfair advantage to everyone mining this coin in its early days.
If you invested 1BTC into Litecoin and 1BTC into Myriadcoin, you would need both to increase 100% to get 2BTC despite their relative price difference against BTC. LTC would need to jump from 0.025 LTC/BTC to 0.05 LTC/BTC while MYR would need to jump from 0.00000575 MYR/BTC to 0.00001050 MYR/BTC. Using this logic, I would actually argue that LTC's coin creation rate is way too high because we've only seen it hit 0.05 LTC/BTC once on a glorious pump. There clearly is not enough buy demand to sustain LTC anywhere above 0.03BTC
Argument over.
+1 Great insight on the pricing mechanism of crypto. Thank you.
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neuroMode
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 04, 2014, 11:51:10 PM |
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Nice. Will add to the OP, Reddit, and new website. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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neuroMode
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 05, 2014, 02:12:50 AM Last edit: May 05, 2014, 03:25:48 AM by neuroMode |
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Holy crap. Andreas Antonopoulos talked about Myriad's multi-PoW blockchain!A) Video here (I link to the point where he discusses it - 1:21:43): http://youtu.be/s3j5jlB0mmQ?t=1h21m43sB) TranscriptionAndreas: “I think what we are going to find over time is the emergence of systems where you can do mining with multiple different modes. We’re already seeing, for example, there’s a coin out there—I believe it’s called Myriad—and it has 5 different mining algorithms.
Host: “Just randomly changes?”
Andreas: “No, all of them simultaneously. So if you compromise an entire mining algorithm you get 20% of the mining power. You’d have to compromise 3 different algorithms in order to get to 60%. You’d have to take over the hashing power of the entire algorithm on 3 different algorithms—some are CPU-[friendly], some are GPU [friendly], some are ASIC-friendly. And, well that creates a very interesting scenario.
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crazyearner
Legendary
Offline
Activity: 1820
Merit: 1001
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 05, 2014, 02:22:56 AM |
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Would be nice too see an update in wallet to support x11 and x13 mining
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8bitcoder (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 05, 2014, 02:45:23 AM |
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Updated OP with link to Andreas Antonopolous's discussion about Myriad.
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