yurez83
Member
 Offline
Activity: 420
Merit: 28
|
 |
November 30, 2018, 05:28:49 AM |
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
thunderjet
|
|
November 30, 2018, 06:31:07 AM
Last edit: November 30, 2018, 06:52:34 AM by thunderjet |
|
Fastest blockchain,but only in dreams. Again,misleading of investors and selling of non-existed products. Republia SC platform is just 34% finished.How can you test and called fastest in the world something which is so far from finishing,only 34%?? Making block every second is not something revolutionary. Platform needs first to be finished,then experimental tests , then fixing bugs, testing again and at the very end putting platform on testing by independent testing team.  Today,the fastest blockchain which working is in progress is Teranode project by Coingeek, with 1TB block and the speed od 7 million transactions per second. |
|
|
|
|
yurez83
Member
Offline
Activity: 420
Merit: 28
|
|
November 30, 2018, 08:20:49 AM |
|
Fastest blockchain,but only in dreams. Again,misleading of investors and selling of non-existed products. Republia SC platform is just 34% finished.How can you test and called fastest in the world something which is so far from finishing,only 34%?? Making block every second is not something revolutionary. Platform needs first to be finished,then experimental tests , then fixing bugs, testing again and at the very end putting platform on testing by independent testing team. Today,the fastest blockchain which working is in progress is Teranode project by Coingeek, with 1TB block and the speed od 7 million transactions per second. So. This conversation has already been passed long ago. If you think that there is a faster coin with your own blockchain and with the ability to create smart contracts, then I am ready to hear her name. There are already projects that have the speed of transactions from 50,000 to millions ....
"The #Republia #blockchain introduces the technology of sidechain, making it ultra flexible and the fastest blockchain in the world!"
you keep minxcoin practice and falsely advertise some things related to your project...
This is false advertising that is punishable by law in all countries...
or it just does not matter when the Shulyayev family make a business
What is a lie? There is no such blockchain of a coin, in which, in practice, the current time of transaction speed does not exceed 100,000 transactions per second (EcoVerse, which is still being developed), while the more real competitor to EOS showed a maximum of 70,000 transactions. The maximum number of VISA transactions is approximately 24,000 per second. In RPB, the number of transactions is not limited to theory, unlike the examples given. Therefore, you are now telling a lie. The #MetaHash project offers innovative solutions: #TraceChain technology supports 5 billion transactions per day, confirmed by cores in less than 3 seconds ⏱ . That speed is provided by the machine learning algorithm, which determines the role of nodes and the order of signals distribution over the network 📡 . Even one node is capable to process more than 100,000 transactions per second, while the other systems can handle a maximum of 2 million transactions per day. 😀 60,000 TPS showed on testnet .... what do you have ....you still dont have a tesnet and you speculating about "Theoretically unlimited amount of 9.999.999.999" I checked with the developers. It was achieved in the "laboratory test network" the speed of 570 000 TPS. In a fully working network, it will be much higher. |
|
|
|
|
|
thunderjet
|
|
November 30, 2018, 08:50:03 AM |
|
Fastest blockchain,but only in dreams. Again,misleading of investors and selling of non-existed products. Republia SC platform is just 34% finished.How can you test and called fastest in the world something which is so far from finishing,only 34%?? Making block every second is not something revolutionary. Platform needs first to be finished,then experimental tests , then fixing bugs, testing again and at the very end putting platform on testing by independent testing team. Today,the fastest blockchain which working is in progress is Teranode project by Coingeek, with 1TB block and the speed od 7 million transactions per second. So. This conversation has already been passed long ago. If you think that there is a faster coin with your own blockchain and with the ability to create smart contracts, then I am ready to hear her name. There are already projects that have the speed of transactions from 50,000 to millions ....
"The #Republia #blockchain introduces the technology of sidechain, making it ultra flexible and the fastest blockchain in the world!"
you keep minxcoin practice and falsely advertise some things related to your project...
This is false advertising that is punishable by law in all countries...
or it just does not matter when the Shulyayev family make a business
What is a lie? There is no such blockchain of a coin, in which, in practice, the current time of transaction speed does not exceed 100,000 transactions per second (EcoVerse, which is still being developed), while the more real competitor to EOS showed a maximum of 70,000 transactions. The maximum number of VISA transactions is approximately 24,000 per second. In RPB, the number of transactions is not limited to theory, unlike the examples given. Therefore, you are now telling a lie. The #MetaHash project offers innovative solutions: #TraceChain technology supports 5 billion transactions per day, confirmed by cores in less than 3 seconds ⏱ . That speed is provided by the machine learning algorithm, which determines the role of nodes and the order of signals distribution over the network 📡 . Even one node is capable to process more than 100,000 transactions per second, while the other systems can handle a maximum of 2 million transactions per day. 😀 60,000 TPS showed on testnet .... what do you have ....you still dont have a tesnet and you speculating about "Theoretically unlimited amount of 9.999.999.999" I checked with the developers. It was achieved in the "laboratory test network" the speed of 570 000 TPS. In a fully working network, it will be much higher. First, it is not yet finished. Only parts.Only when it will be fully completed we will see its real potential or lack of it. Testnet results are always more close to real situation than laboratory,but everything is just in cloud until project is completed. Then we will see what is capable for. Coingeek Teranode project is more powerful than anything today. With 1TB block size and 6.700.000 transactions per second it is far superior than any project today.Along with token transfers, the TB blocks will also help process smart contracts, enterprise application, and machine-to-machine data transactions of many types. The enterprise level full node implementation of the Teranode project employs a modular microservices architecture approach. Its creates four separate layers; business (RPC) Layer, Network (P2P) Layer, Process Layer and Storage Layer. Significant difference between Teranode and Republia projects is that serving such powerful network requires extremely powerful hardware.Teranode works parallely on sofware and hardware solutions,but I didnt see that Republia even mention developping hardware solutions powerful enough to acheieve necessary transaction speed. |
|
|
|
|
yurez83
Member
Offline
Activity: 420
Merit: 28
|
|
November 30, 2018, 10:21:58 AM
Last edit: November 30, 2018, 10:34:19 AM by yurez83 |
|
Fastest blockchain,but only in dreams. Again,misleading of investors and selling of non-existed products. Republia SC platform is just 34% finished.How can you test and called fastest in the world something which is so far from finishing,only 34%?? Making block every second is not something revolutionary. Platform needs first to be finished,then experimental tests , then fixing bugs, testing again and at the very end putting platform on testing by independent testing team. Today,the fastest blockchain which working is in progress is Teranode project by Coingeek, with 1TB block and the speed od 7 million transactions per second. So. This conversation has already been passed long ago. If you think that there is a faster coin with your own blockchain and with the ability to create smart contracts, then I am ready to hear her name. There are already projects that have the speed of transactions from 50,000 to millions ....
"The #Republia #blockchain introduces the technology of sidechain, making it ultra flexible and the fastest blockchain in the world!"
you keep minxcoin practice and falsely advertise some things related to your project...
This is false advertising that is punishable by law in all countries...
or it just does not matter when the Shulyayev family make a business
What is a lie? There is no such blockchain of a coin, in which, in practice, the current time of transaction speed does not exceed 100,000 transactions per second (EcoVerse, which is still being developed), while the more real competitor to EOS showed a maximum of 70,000 transactions. The maximum number of VISA transactions is approximately 24,000 per second. In RPB, the number of transactions is not limited to theory, unlike the examples given. Therefore, you are now telling a lie. The #MetaHash project offers innovative solutions: #TraceChain technology supports 5 billion transactions per day, confirmed by cores in less than 3 seconds ⏱ . That speed is provided by the machine learning algorithm, which determines the role of nodes and the order of signals distribution over the network 📡 . Even one node is capable to process more than 100,000 transactions per second, while the other systems can handle a maximum of 2 million transactions per day. 😀 60,000 TPS showed on testnet .... what do you have ....you still dont have a tesnet and you speculating about "Theoretically unlimited amount of 9.999.999.999" I checked with the developers. It was achieved in the "laboratory test network" the speed of 570 000 TPS. In a fully working network, it will be much higher. First, it is not yet finished. Only parts.Only when it will be fully completed we will see its real potential or lack of it. Testnet results are always more close to real situation than laboratory,but everything is just in cloud until project is completed. Then we will see what is capable for. Coingeek Teranode project is more powerful than anything today. With 1TB block size and 6.700.000 transactions per second it is far superior than any project today.Along with token transfers, the TB blocks will also help process smart contracts, enterprise application, and machine-to-machine data transactions of many types. The enterprise level full node implementation of the Teranode project employs a modular microservices architecture approach. Its creates four separate layers; business (RPC) Layer, Network (P2P) Layer, Process Layer and Storage Layer. Significant difference between Teranode and Republia projects is that serving such powerful network requires extremely powerful hardware.Teranode works parallely on sofware and hardware solutions,but I didnt see that Republia even mention developping hardware solutions powerful enough to acheieve necessary transaction speed. Well, you probably do not hear me. Do you even know that in the first place Teranode is just a prototype? Until the moment of introduction and launch, it may still take months until the fork is made BCH-SV. which in turn is just recently launched has already experienced tremendous bandwidth. )) When the network was loaded spontaneous fork occurred. This suggests unreliability of the circuit and poor scalability. Secondly, BCH-SV is fork BCH, which is fork BTC. And where is the new coin with its blockchain? Thirdly. Real at the moment (according to the blockchain's capabilities) the “competitor” RPB may be EOS and perhaps not in all respects Tezos, Neo, Nem .. This is indeed a good comparison. I think you should not list all the features of the platform. Yes, I agree with you that the test network will be a more realistic test for the blockchain. Just it will be launched in the near future, presumably in the next month or two. This is for the information that the developers gave me. But the structure of the network RPB is designed so that there are no restrictions on throughput - it depends only on the number of nodes of the network. It can also generate 100 million transactions = time of 1 block 1 second, which cannot be offered by other coins without crazy terabyte blocks .. Well, I want to add that from these millions of transactions there will not be many applications in reality. It will simply remove one of the main problems of current coins in the future. P.S. This was stated a year ago and it remained in theory ..  http://blog.vermorel.com/journal/2017/12/17/terabyte-blocks-for-bitcoin-cash.html |
|
|
|
|
|
thunderjet
|
|
November 30, 2018, 04:05:40 PM |
|
Fastest blockchain,but only in dreams. Again,misleading of investors and selling of non-existed products. Republia SC platform is just 34% finished.How can you test and called fastest in the world something which is so far from finishing,only 34%?? Making block every second is not something revolutionary. Platform needs first to be finished,then experimental tests , then fixing bugs, testing again and at the very end putting platform on testing by independent testing team. Today,the fastest blockchain which working is in progress is Teranode project by Coingeek, with 1TB block and the speed od 7 million transactions per second. So. This conversation has already been passed long ago. If you think that there is a faster coin with your own blockchain and with the ability to create smart contracts, then I am ready to hear her name. There are already projects that have the speed of transactions from 50,000 to millions ....
"The #Republia #blockchain introduces the technology of sidechain, making it ultra flexible and the fastest blockchain in the world!"
you keep minxcoin practice and falsely advertise some things related to your project...
This is false advertising that is punishable by law in all countries...
or it just does not matter when the Shulyayev family make a business
What is a lie? There is no such blockchain of a coin, in which, in practice, the current time of transaction speed does not exceed 100,000 transactions per second (EcoVerse, which is still being developed), while the more real competitor to EOS showed a maximum of 70,000 transactions. The maximum number of VISA transactions is approximately 24,000 per second. In RPB, the number of transactions is not limited to theory, unlike the examples given. Therefore, you are now telling a lie. The #MetaHash project offers innovative solutions: #TraceChain technology supports 5 billion transactions per day, confirmed by cores in less than 3 seconds ⏱ . That speed is provided by the machine learning algorithm, which determines the role of nodes and the order of signals distribution over the network 📡 . Even one node is capable to process more than 100,000 transactions per second, while the other systems can handle a maximum of 2 million transactions per day. 😀 60,000 TPS showed on testnet .... what do you have ....you still dont have a tesnet and you speculating about "Theoretically unlimited amount of 9.999.999.999" I checked with the developers. It was achieved in the "laboratory test network" the speed of 570 000 TPS. In a fully working network, it will be much higher. First, it is not yet finished. Only parts.Only when it will be fully completed we will see its real potential or lack of it. Testnet results are always more close to real situation than laboratory,but everything is just in cloud until project is completed. Then we will see what is capable for. Coingeek Teranode project is more powerful than anything today. With 1TB block size and 6.700.000 transactions per second it is far superior than any project today.Along with token transfers, the TB blocks will also help process smart contracts, enterprise application, and machine-to-machine data transactions of many types. The enterprise level full node implementation of the Teranode project employs a modular microservices architecture approach. Its creates four separate layers; business (RPC) Layer, Network (P2P) Layer, Process Layer and Storage Layer. Significant difference between Teranode and Republia projects is that serving such powerful network requires extremely powerful hardware.Teranode works parallely on sofware and hardware solutions,but I didnt see that Republia even mention developping hardware solutions powerful enough to acheieve necessary transaction speed. Well, you probably do not hear me. Do you even know that in the first place Teranode is just a prototype? Until the moment of introduction and launch, it may still take months until the fork is made BCH-SV. which in turn is just recently launched has already experienced tremendous bandwidth. )) When the network was loaded spontaneous fork occurred. This suggests unreliability of the circuit and poor scalability. Secondly, BCH-SV is fork BCH, which is fork BTC. And where is the new coin with its blockchain? Thirdly. Real at the moment (according to the blockchain's capabilities) the “competitor” RPB may be EOS and perhaps not in all respects Tezos, Neo, Nem .. This is indeed a good comparison. I think you should not list all the features of the platform. Yes, I agree with you that the test network will be a more realistic test for the blockchain. Just it will be launched in the near future, presumably in the next month or two. This is for the information that the developers gave me. But the structure of the network RPB is designed so that there are no restrictions on throughput - it depends only on the number of nodes of the network. It can also generate 100 million transactions = time of 1 block 1 second, which cannot be offered by other coins without crazy terabyte blocks .. Well, I want to add that from these millions of transactions there will not be many applications in reality. It will simply remove one of the main problems of current coins in the future. P.S. This was stated a year ago and it remained in theory .. http://blog.vermorel.com/journal/2017/12/17/terabyte-blocks-for-bitcoin-cash.html Teranode is in prototype phase exactly like Republia blockchain project. Only parts what Republia finished are wallet and bank, which is copy of Minex.  Nothing else and it is easy verifiable for anyone who goes to Republia site. To get real test results Republia needs to finish all components and only when full integration is finished you can talk about capability of system.It will take years to do in best case scenario. Now it can be compared with testing airplane model in wind tunnel , when all other parts of plane,engine,airframe,avionics,landing gear..., are still only on the drawing board.Or like concept car.So ,there is a lot of work to do,but team is selling it like it is finished already and that is a problem.  Of course,every result should be verifiable by independent teams whose are not related to Republia in any way. Teranode is different project from BCH-SV.Yes some parts can be compared,but Teranode incorporates much more that BCH-SV or Bitcoin itself,including smart contracts. This is not matter of new coin,but new technology. |
|
|
|
|
yurez83
Member
Offline
Activity: 420
Merit: 28
|
|
November 30, 2018, 04:37:32 PM
Last edit: November 30, 2018, 04:47:47 PM by yurez83 |
|
Fastest blockchain,but only in dreams. Again,misleading of investors and selling of non-existed products. Republia SC platform is just 34% finished.How can you test and called fastest in the world something which is so far from finishing,only 34%?? Making block every second is not something revolutionary. Platform needs first to be finished,then experimental tests , then fixing bugs, testing again and at the very end putting platform on testing by independent testing team. Today,the fastest blockchain which working is in progress is Teranode project by Coingeek, with 1TB block and the speed od 7 million transactions per second. So. This conversation has already been passed long ago. If you think that there is a faster coin with your own blockchain and with the ability to create smart contracts, then I am ready to hear her name. There are already projects that have the speed of transactions from 50,000 to millions ....
"The #Republia #blockchain introduces the technology of sidechain, making it ultra flexible and the fastest blockchain in the world!"
you keep minxcoin practice and falsely advertise some things related to your project...
This is false advertising that is punishable by law in all countries...
or it just does not matter when the Shulyayev family make a business
What is a lie? There is no such blockchain of a coin, in which, in practice, the current time of transaction speed does not exceed 100,000 transactions per second (EcoVerse, which is still being developed), while the more real competitor to EOS showed a maximum of 70,000 transactions. The maximum number of VISA transactions is approximately 24,000 per second. In RPB, the number of transactions is not limited to theory, unlike the examples given. Therefore, you are now telling a lie. The #MetaHash project offers innovative solutions: #TraceChain technology supports 5 billion transactions per day, confirmed by cores in less than 3 seconds ⏱ . That speed is provided by the machine learning algorithm, which determines the role of nodes and the order of signals distribution over the network 📡 . Even one node is capable to process more than 100,000 transactions per second, while the other systems can handle a maximum of 2 million transactions per day. 😀 60,000 TPS showed on testnet .... what do you have ....you still dont have a tesnet and you speculating about "Theoretically unlimited amount of 9.999.999.999" I checked with the developers. It was achieved in the "laboratory test network" the speed of 570 000 TPS. In a fully working network, it will be much higher. First, it is not yet finished. Only parts.Only when it will be fully completed we will see its real potential or lack of it. Testnet results are always more close to real situation than laboratory,but everything is just in cloud until project is completed. Then we will see what is capable for. Coingeek Teranode project is more powerful than anything today. With 1TB block size and 6.700.000 transactions per second it is far superior than any project today.Along with token transfers, the TB blocks will also help process smart contracts, enterprise application, and machine-to-machine data transactions of many types. The enterprise level full node implementation of the Teranode project employs a modular microservices architecture approach. Its creates four separate layers; business (RPC) Layer, Network (P2P) Layer, Process Layer and Storage Layer. Significant difference between Teranode and Republia projects is that serving such powerful network requires extremely powerful hardware.Teranode works parallely on sofware and hardware solutions,but I didnt see that Republia even mention developping hardware solutions powerful enough to acheieve necessary transaction speed. Well, you probably do not hear me. Do you even know that in the first place Teranode is just a prototype? Until the moment of introduction and launch, it may still take months until the fork is made BCH-SV. which in turn is just recently launched has already experienced tremendous bandwidth. )) When the network was loaded spontaneous fork occurred. This suggests unreliability of the circuit and poor scalability. Secondly, BCH-SV is fork BCH, which is fork BTC. And where is the new coin with its blockchain? Thirdly. Real at the moment (according to the blockchain's capabilities) the “competitor” RPB may be EOS and perhaps not in all respects Tezos, Neo, Nem .. This is indeed a good comparison. I think you should not list all the features of the platform. Yes, I agree with you that the test network will be a more realistic test for the blockchain. Just it will be launched in the near future, presumably in the next month or two. This is for the information that the developers gave me. But the structure of the network RPB is designed so that there are no restrictions on throughput - it depends only on the number of nodes of the network. It can also generate 100 million transactions = time of 1 block 1 second, which cannot be offered by other coins without crazy terabyte blocks .. Well, I want to add that from these millions of transactions there will not be many applications in reality. It will simply remove one of the main problems of current coins in the future. P.S. This was stated a year ago and it remained in theory .. http://blog.vermorel.com/journal/2017/12/17/terabyte-blocks-for-bitcoin-cash.html Teranode is in prototype phase exactly like Republia blockchain project. Only parts what Republia finished are wallet and bank, which is copy of Minex. Nothing else and it is easy verifiable for anyone who goes to Republia site. To get real test results Republia needs to finish all components and only when full integration is finished you can talk about capability of system.It will take years to do in best case scenario. Now it can be compared with testing airplane model in wind tunnel , when all other parts of plane,engine,airframe,avionics,landing gear..., are still only on the drawing board.Or like concept car.So ,there is a lot of work to do,but team is selling it like it is finished already and that is a problem. Of course,every result should be verifiable by independent teams whose are not related to Republia in any way. Teranode is different project from BCH-SV.Yes some parts can be compared,but Teranode incorporates much more that BCH-SV or Bitcoin itself,including smart contracts. This is not matter of new coin,but new technology. Hee. No problems. I already wrote that the test network will be launched soon. We can return to this conversation, if you so wish. But I repeat that comparing the RPB project with Teranode is not logical. And not only because I did not even find any information, except for a few mentions, starting from a year ago and until recent ones - there is nothing. I will no longer talk about the senselessness of increasing the size of blocks - this is utopia. What then? Because they will do 10 terabytes, then 1000 terabytes? This is absurd. We need new ideas and a new breakthrough blockchain, written from scratch, eliminating most of the mistakes of existing coins. This place is trying to take Republia. I, too, will be impatient to see the "live" work of the network, in order to dispel all doubts not mine, but other participants. There will also be a web wallet release soon. |
|
|
|
|
|
thunderjet
|
|
November 30, 2018, 08:08:00 PM
Last edit: November 30, 2018, 08:32:23 PM by thunderjet |
|
By Republia whitepaper coins will be divided on:
- 39.000.000 coins were designated for sale
- 3.000.000 for bounties.
- 80.000.000 for Republia bank
- 21.000.000 go to the team and advisors
After ICO phase there will be 42.000.000 coins in circulation ( ICO sale+bounties).Price is settled at 1 coin = $1
By whitepaper,Republia bank will provide 70% yearly parking interest for 2 years.
Mining will bring about 10.400.000 coins per year, from which 50% goes to bank and 50% to the miners.So,after a year mining will bring 5.200.000 coins into circulation and same amount to the bank.
If we suppose that Republia team and advisors wont sell theirs coins during 2 years,we can make a caluclation:
- After first year - 42.000.000 after ICO + 70% parking rate will bring + 5.200.000 from mining = 76.600.000 coins will be in circulation after first year
- After second year - 76.600.000 coins from first year + 70% parking rate + 5.200.000 from mining = 135.42 millions coins in circulation after second year
After 2 years there will be 135.42 - 42 = 93.42 millions coins more in circulation or 3.22x more coins than it was on the beginning
It means that Republia will have to find huge income source in value of 93.42 millions of dollars to held exchange rate at 1-1 level.This is major problem.
Difficulties of maintaining coin in tight price range
---------------------------------------------------------------
Problem is that Republia only source of income during multi-year R&D phase will be money collected from ICO + money obtained from selling of premined coins.Money from ICO is designated for paying expenses for R&D and selling premined coins will just make whole financial situation much worse.
Fact is that Republia has no mechanism to keep value of investors money during multi-year R&D phase.It is weak spot of almost all ICOs,not just Republia,but Republia has one more major flaw - 70% huge parking rate which makes devaluation of investors money much faster.It would need quite big outer source of income,multiple times bigger than what will be ICO sale to prevent it. Despite currency intervention was mentioned in whitepaper,in Republia finance model such huge expense didnt even forecast or any other income source big enough to cover expenses of money interventions.So much about keeping exchange rate in tight mode.Inevitably,without money to cover expenses of currency interventions and reliable financial mechanism to achieve such goal,declining price of coins after initial hype will take faster and faster pace.
Principle of lowering Volatility by giving huge parking rate proved as utterly failure in Minex,Republia twin ICO and there is no reason to believe that it will be better in Republia.It is only generates hyperinflation and insisting stubbornly on it is at least awkward.It is exactly like if some central bank would control inflation by printing more and more money.
Price projection
-----------------------
In best case of price projection scenario ,during 2 years, value of RPB coin will drop for percentage of money supply growth, which is 3.22x or to 1-3.22= $0.31 dollar.
In reality,investors confronted with hyperinflation generated from 70% parking rate will lose trust and patience in coin much sooner,some time after initial hype and further shortly after first year of parking contracts expire. That will cause wave after wave of selling and put price in much steeper decline.Minex could be good example of it ,because it shares same financial model as Republia.
In such case when there is a massive inflation in system, price decline has to be count as a square of growth of money supply.So most likely scenario about price projection will be:
- First year,money supply will be 76.6/42 = 1.82x bigger than on the beginning. Price decline will be at least square of that - 3.32x .Price projection after first year is 1/3.32=$0.3 per RPB coin
- Second year,money supply will be 135.42/42 = 3.22x bigger than on the beginning. Price decline will be at least square of that - 10.4x .Price projection after second year is 1/10.4 = $0.096 per RPB coin
In the case of massive selling of premined coins,price of RPB coin will go further lower,but because volume of its selling cant be predicted easily, its precise influence on price cant be calculate.
Conclusion - what can be done
----------------------------------------
Conclusion is that if Republia does not find huge income source of cash or other enough liquid crypto currency to supress money supply and inflation generated by parking and mining,investors would face a quite significant lose of theirs investment value which pace will rise in time as it has been seen in Minex who shares same financial system with Republia.
Present Republia financial model is attractive mostly to speculators who always seek quick profit and is not interesting for project.It could bring strong capital inflow during initial hype and even stronger outflow after it which will leave market in chaos.
If Republia wants to attract longterm investors and provide longterm stability it has to radically change financial model:
- abandon providing "low volatility" through very high parking interest rate of 70% per year.Stability cant be achieved through money printing.
- abandon POW to POS system with max. interest of 10% per year or change parking rate to 10% per year.It will bring longterm investors who are interesting for project unilike speculators and significantly reduce inflation pressure.
- eliminate short-term parking options and leave only mid-term and longterm 3, 6 and 12 months option, or just longterm of 6 and 12 months
- find sources of income which can be used for currency interventions and maintaining financial stability. Money collected during ICO cant be used in a scale what is needed or it will hurt R&D developpment.
- such independent money source can be investing not needed money in more lucrative state or municipal bonds and/or through lending money on exchanges which provide such option or to others with all necessary guarantees for the case of non-ability of paying loans.Of course ,it can be sustainable only and just only if parking rate would be much,much lower than today , 10% per year or lower.
- making OTC tool like InstaSell which can be used as effective tool in fixing exchange rate
What will be,depends only from people who lead Republia.
Heaven or hell it will be what they decide,but one thing is clear - present financial model is longterm unsustainable and will devastate investors if remains unchanged.
|
|
|
|
|
yurez83
Member
Offline
Activity: 420
Merit: 28
|
|
November 30, 2018, 09:05:41 PM |
|
By Republia whitepaper coins will be divided on:
- 39.000.000 coins were designated for sale
- 3.000.000 for bounties.
- 80.000.000 for Republia bank
- 21.000.000 go to the team and advisors
After ICO phase there will be 42.000.000 coins in circulation ( ICO sale+bounties).Price is settled at 1 coin = $1
By whitepaper,Republia bank will provide 70% yearly parking interest for 2 years.
Mining will bring about 10.400.000 coins per year, from which 50% goes to bank and 50% to the miners.So,after a year mining will bring 5.200.000 coins into circulation and same amount to the bank.
If we suppose that Republia team and advisors wont sell theirs coins during 2 years,we can make a caluclation:
- After first year - 42.000.000 after ICO + 70% parking rate will bring + 5.200.000 from mining = 76.600.000 coins will be in circulation after first year
- After second year - 76.600.000 coins from first year + 70% parking rate + 5.200.000 from mining = 135.42 millions coins in circulation after second year
After 2 years there will be 135.42 - 42 = 93.42 millions coins more in circulation or 3.22x more coins than it was on the beginning
It means that Republia will have to find huge income source in value of 93.42 millions of dollars to held exchange rate at 1-1 level.This is major problem.
Difficulties of maintaining coin in tight price range
---------------------------------------------------------------
Problem is that Republia only source of income during multi-year R&D phase will be money collected from ICO + money obtained from selling of premined coins.Money from ICO is designated for paying expenses for R&D and selling premined coins will just make whole financial situation much worse.
Fact is that Republia has no mechanism to keep value of investors money during multi-year R&D phase.It is weak spot of almost all ICOs,not just Republia,but Republia has one more major flaw - 70% huge parking rate which makes devaluation of investors money much faster.It would need quite big outer source of income,multiple times bigger than what will be ICO sale to prevent it. Despite currency intervention was mentioned in whitepaper,in Republia finance model such huge expense didnt even forecast or any other income source big enough to cover expenses of money interventions.So much about keeping exchange rate in tight mode.Inevitably,without money to cover expenses of currency interventions and reliable financial mechanism to achieve such goal,declining price of coins after initial hype will take faster and faster pace.
Principle of lowering Volatility by giving huge parking rate proved as utterly failure in Minex,Republia twin ICO and there is no reason to believe that it will be better in Republia.It is only generates hyperinflation and insisting stubbornly on it is at least awkward.It is exactly like if some central bank would control inflation by printing more and more money.
Price projection
-----------------------
In best case of price projection scenario ,during 2 years, value of RPB coin will drop for percentage of money supply growth, which is 3.22x or to 1-3.22= $0.31 dollar.
In reality,investors confronted with hyperinflation generated from 70% parking rate will lose trust and patience in coin much sooner,some time after initial hype and further shortly after first year of parking contracts expire. That will cause wave after wave of selling and put price in much steeper decline.Minex could be good example of it ,because it shares same financial model as Republia.
In such case when there is a massive inflation in system, price decline has to be count as a square of growth of money supply.So most likely scenario about price projection will be:
- First year,money supply will be 76.6/42 = 1.82x bigger than on the beginning. Price decline will be at least square of that - 3.32x .Price projection after first year is 1/3.32=$0.3 per RPB coin
- Second year,money supply will be 135.42/42 = 3.22x bigger than on the beginning. Price decline will be at least square of that - 10.4x .Price projection after second year is 1/10.4 = $0.096 per RPB coin
In the case of massive selling of premined coins,price of RPB coin will go further lower,but because volume of its selling cant be predicted easily, its precise influence on price cant be calculate.
Conclusion - what can be done
----------------------------------------
Conclusion is that if Republia does not find huge income source of cash or other enough liquid crypto currency to supress money supply and inflation generated by parking and mining,investors would face a quite significant lose of theirs investment value which pace will rise in time as it has been seen in Minex who shares same financial system with Republia.
Present Republia financial model is attractive mostly to speculators who always seek quick profit and is not interesting for project.It could bring strong capital inflow during initial hype and even stronger outflow after it which will leave market in chaos.
If Republia wants to attract longterm investors and provide longterm stability it has to radically change financial model:
- abandon providing "low volatility" through very high parking interest rate of 70% per year.Stability cant be achieved through money printing.
- abandon POW to POS system with max. interest of 10% per year or change parking rate to 10% per year.It will bring longterm investors who are interesting for project unilike speculators and significantly reduce inflation pressure.
- eliminate short-term parking options and leave only mid-term and longterm 3, 6 and 12 months option, or just longterm of 6 and 12 months
- find sources of income which can be used for currency interventions and maintaing financial stability. Money collected during ICO cant be used in a scale what is needed or it will hurt R&D developpment.
- such independent money source can be investing not needed money in more lucrative state or municipal bonds and/or through lending money on exchanges which provide such option or to others with all necessary guarantees for the case of non-ability of paying loans.Of course ,it can be sustainable only and just only if parking rate would be much,much lower than today , 10% per year or lower.
- making OTC tool like InstaSell which can be used as effective tool in fixing exchange rate
What will be,depends only from people who lead Republia.
Heaven or hell it will be what they decide,but one thing is clear - present financial model is longterm unsustainable and will devastate investors if remains unchanged.
I am impressed with such a detailed answer and long calculations with conclusions. I will say frankly that I am pleased when a person writes not for the purpose of harming, but to clarify something. On the other hand, I don’t want to upset you, but there are some gross inaccuracies (mistakes) that ruin these calculations. Namely: 1. Interest rate is changeable from the very beginning and it is not guaranteed that it will be 70%. It is rather only as a bonus to the first coin holders. In turn, the interest rate for shorter periods of time will be less. Few people will use a year - that's for sure. 2. You did not take into account the same way that all users will never keep coins in a bank. It will not be only because of one reason that there is a profit in the form of rewards for masternods or nodes. A huge amount of blocked coins will be there .. 3. After 2 years of operation of Republia Bank Classic, Republia Bank Next will work, which will have a much more complex structure for managing price fluctuations of the coin: Taking into account high demand for payments after two years of operation of the system, Republia Bank Nex will be brought into operation. This project is a
financial institution that will act as an investment bank in the real economic sector.
Republia Bank Next will undertake a task of accepting payments and will act within the framework of European legislation in accordance with regulations of
international banking standards.
Users of the ecosystem are offered two types of banking:
1. Decentralized (when using a decentralized version, interest after two-year
period will be lower than in the regulated Republia Bank Next).
2. Regulated in the real sector ( percentage deductions from “parking” of the
second type will remain almost at the same high level, as in Republia Bank
Classic ).
In the addition to above, Republia Bank Next will provide quarterly reports, which will describe all investment activities.4. I do not want to discuss the mnx project here, but I assure you that the rpb team did an analysis of their errors. Well, I upgraded the financial model itself to make it as similar as possible to the present. Well, we are still working with the introduction of ideas and innovations in the areas of the state, which is one of the main areas .. 5. Well, and the last. Look at those projects that immediately (or at the ICO stage) almost completely (!) Release coins into the circulation. Same EOS. He is not worried about what remains to get 1 \ 10 of the coins. And as you can see, he did not fall, although he does not have a bank. Unlike him, the RPB will not have such a filling of the market, but only at the first stage is soft .. And then maybe 5% per annum. This figure is an assumption, adequate and logical. I will not argue. Separately, I will say all the same, that there is no ready road, so that it will be glatky and even. Nevertheless, it is possible to look at other projects on the roads and create something better. Of course, I cannot answer all the questions, since I am not a developer, but the information that I received will always answer. |
|
|
|
|
|
thunderjet
|
|
November 30, 2018, 10:47:51 PM |
|
By Republia whitepaper coins will be divided on:
- 39.000.000 coins were designated for sale
- 3.000.000 for bounties.
- 80.000.000 for Republia bank
- 21.000.000 go to the team and advisors
After ICO phase there will be 42.000.000 coins in circulation ( ICO sale+bounties).Price is settled at 1 coin = $1
By whitepaper,Republia bank will provide 70% yearly parking interest for 2 years.
Mining will bring about 10.400.000 coins per year, from which 50% goes to bank and 50% to the miners.So,after a year mining will bring 5.200.000 coins into circulation and same amount to the bank.
If we suppose that Republia team and advisors wont sell theirs coins during 2 years,we can make a caluclation:
- After first year - 42.000.000 after ICO + 70% parking rate will bring + 5.200.000 from mining = 76.600.000 coins will be in circulation after first year
- After second year - 76.600.000 coins from first year + 70% parking rate + 5.200.000 from mining = 135.42 millions coins in circulation after second year
After 2 years there will be 135.42 - 42 = 93.42 millions coins more in circulation or 3.22x more coins than it was on the beginning
It means that Republia will have to find huge income source in value of 93.42 millions of dollars to held exchange rate at 1-1 level.This is major problem.
Difficulties of maintaining coin in tight price range
---------------------------------------------------------------
Problem is that Republia only source of income during multi-year R&D phase will be money collected from ICO + money obtained from selling of premined coins.Money from ICO is designated for paying expenses for R&D and selling premined coins will just make whole financial situation much worse.
Fact is that Republia has no mechanism to keep value of investors money during multi-year R&D phase.It is weak spot of almost all ICOs,not just Republia,but Republia has one more major flaw - 70% huge parking rate which makes devaluation of investors money much faster.It would need quite big outer source of income,multiple times bigger than what will be ICO sale to prevent it. Despite currency intervention was mentioned in whitepaper,in Republia finance model such huge expense didnt even forecast or any other income source big enough to cover expenses of money interventions.So much about keeping exchange rate in tight mode.Inevitably,without money to cover expenses of currency interventions and reliable financial mechanism to achieve such goal,declining price of coins after initial hype will take faster and faster pace.
Principle of lowering Volatility by giving huge parking rate proved as utterly failure in Minex,Republia twin ICO and there is no reason to believe that it will be better in Republia.It is only generates hyperinflation and insisting stubbornly on it is at least awkward.It is exactly like if some central bank would control inflation by printing more and more money.
Price projection
-----------------------
In best case of price projection scenario ,during 2 years, value of RPB coin will drop for percentage of money supply growth, which is 3.22x or to 1-3.22= $0.31 dollar.
In reality,investors confronted with hyperinflation generated from 70% parking rate will lose trust and patience in coin much sooner,some time after initial hype and further shortly after first year of parking contracts expire. That will cause wave after wave of selling and put price in much steeper decline.Minex could be good example of it ,because it shares same financial model as Republia.
In such case when there is a massive inflation in system, price decline has to be count as a square of growth of money supply.So most likely scenario about price projection will be:
- First year,money supply will be 76.6/42 = 1.82x bigger than on the beginning. Price decline will be at least square of that - 3.32x .Price projection after first year is 1/3.32=$0.3 per RPB coin
- Second year,money supply will be 135.42/42 = 3.22x bigger than on the beginning. Price decline will be at least square of that - 10.4x .Price projection after second year is 1/10.4 = $0.096 per RPB coin
In the case of massive selling of premined coins,price of RPB coin will go further lower,but because volume of its selling cant be predicted easily, its precise influence on price cant be calculate.
Conclusion - what can be done
----------------------------------------
Conclusion is that if Republia does not find huge income source of cash or other enough liquid crypto currency to supress money supply and inflation generated by parking and mining,investors would face a quite significant lose of theirs investment value which pace will rise in time as it has been seen in Minex who shares same financial system with Republia.
Present Republia financial model is attractive mostly to speculators who always seek quick profit and is not interesting for project.It could bring strong capital inflow during initial hype and even stronger outflow after it which will leave market in chaos.
If Republia wants to attract longterm investors and provide longterm stability it has to radically change financial model:
- abandon providing "low volatility" through very high parking interest rate of 70% per year.Stability cant be achieved through money printing.
- abandon POW to POS system with max. interest of 10% per year or change parking rate to 10% per year.It will bring longterm investors who are interesting for project unilike speculators and significantly reduce inflation pressure.
- eliminate short-term parking options and leave only mid-term and longterm 3, 6 and 12 months option, or just longterm of 6 and 12 months
- find sources of income which can be used for currency interventions and maintaing financial stability. Money collected during ICO cant be used in a scale what is needed or it will hurt R&D developpment.
- such independent money source can be investing not needed money in more lucrative state or municipal bonds and/or through lending money on exchanges which provide such option or to others with all necessary guarantees for the case of non-ability of paying loans.Of course ,it can be sustainable only and just only if parking rate would be much,much lower than today , 10% per year or lower.
- making OTC tool like InstaSell which can be used as effective tool in fixing exchange rate
What will be,depends only from people who lead Republia.
Heaven or hell it will be what they decide,but one thing is clear - present financial model is longterm unsustainable and will devastate investors if remains unchanged.
I am impressed with such a detailed answer and long calculations with conclusions. I will say frankly that I am pleased when a person writes not for the purpose of harming, but to clarify something. On the other hand, I don’t want to upset you, but there are some gross inaccuracies (mistakes) that ruin these calculations. Namely: 1. Interest rate is changeable from the very beginning and it is not guaranteed that it will be 70%. It is rather only as a bonus to the first coin holders. In turn, the interest rate for shorter periods of time will be less. Few people will use a year - that's for sure. 2. You did not take into account the same way that all users will never keep coins in a bank. It will not be only because of one reason that there is a profit in the form of rewards for masternods or nodes. A huge amount of blocked coins will be there .. 3. After 2 years of operation of Republia Bank Classic, Republia Bank Next will work, which will have a much more complex structure for managing price fluctuations of the coin: Taking into account high demand for payments after two years of operation of the system, Republia Bank Nex will be brought into operation. This project is a
financial institution that will act as an investment bank in the real economic sector.
Republia Bank Next will undertake a task of accepting payments and will act within the framework of European legislation in accordance with regulations of
international banking standards.
Users of the ecosystem are offered two types of banking:
1. Decentralized (when using a decentralized version, interest after two-year
period will be lower than in the regulated Republia Bank Next).
2. Regulated in the real sector ( percentage deductions from “parking” of the
second type will remain almost at the same high level, as in Republia Bank
Classic ).
In the addition to above, Republia Bank Next will provide quarterly reports, which will describe all investment activities.4. I do not want to discuss the mnx project here, but I assure you that the rpb team did an analysis of their errors. Well, I upgraded the financial model itself to make it as similar as possible to the present. Well, we are still working with the introduction of ideas and innovations in the areas of the state, which is one of the main areas .. 5. Well, and the last. Look at those projects that immediately (or at the ICO stage) almost completely (!) Release coins into the circulation. Same EOS. He is not worried about what remains to get 1 \ 10 of the coins. And as you can see, he did not fall, although he does not have a bank. Unlike him, the RPB will not have such a filling of the market, but only at the first stage is soft .. And then maybe 5% per annum. This figure is an assumption, adequate and logical. I will not argue. Separately, I will say all the same, that there is no ready road, so that it will be glatky and even. Nevertheless, it is possible to look at other projects on the roads and create something better. Of course, I cannot answer all the questions, since I am not a developer, but the information that I received will always answer. 1. Interest rate is changeable from the very beginning and it is not guaranteed that it will be 70%. It is rather only as a bonus to the first coin holders. In turn, the interest rate for shorter periods of time will be less. Few people will use a year - that's for sure. I made a financial model analysis according to present data from all available sources - that for the first 2 years parking rate will be 70% .If something change I will adapt analysis2. You did not take into account the same way that all users will never keep coins in a bank. It will not be only because of one reason that there is a profit in the form of rewards for masternods or nodes. A huge amount of blocked coins will be there .. True. Reason is that when making analysis od system sustainability you have to always choose worst case scenario and add additional 20% as a safety precaution.That will help to make project safety net strong enough to held all possible problems except natural disaster or so called force majeure.I accounted mining influence as described in whitepaper - 50% from each block goes to miners, 50% to bank. 3. After 2 years of operation of Republia Bank Classic, Republia Bank Next will work, which will have a much more complex structure for managing price fluctuations of the coin: Didnt want to go so much in future.If company survive first 2 years ,usually it can last much longer.5. EOS is not good comparison. EOS founders got 10% of coins,but it will be released during period of 10 years - that is 1% of total supply by year which is not enough. If RPB would slowly sell its premined coins,it wont be a problem.Problem is in big parking interest rate - it floods market too fast and raising inflation too much. It has to put parking rate much lower - 10% by year or less, to leave only longterm parking contracts (6 and 12 months) to cut off short term speculators and to find a way to smart invest of money which ICO is not immediately needed and use profit from them for currency interventions. To add - joined (parking rate + premined coins) selling has to be limited to max. 10% of present coin supply in the period of 1 year I hope so that the people who lead Republia learned something from Minex case, especially about financial model failures and how not to work with community.Honesty is best policy always. |
|
|
|
|
|
|
|
TeMHuK
|
|
December 04, 2018, 07:50:21 PM |
|
In Telegram was update from dev's about news are coming in next week. I'm so exited about that.  |
|
|
|
|
yurez83
Member
Offline
Activity: 420
Merit: 28
|
|
December 04, 2018, 09:44:51 PM |
|
In Telegram was update from dev's about news are coming in next week. I'm so exited about that. Yes. Right. In the near future there will be big news from Republia. Most likely this week or early next. They will be good. 👍 |
|
|
|
|
|
|
|
|
JollyGood
Legendary
Offline
Activity: 2520
Merit: 1711
Top Crypto Casino
|
|
December 07, 2018, 02:54:06 PM |
|
I think within 14 days Republia/Minex offices will be raised by police and Borys will be arrested (hopefully temhuk will be arrested too)
It is ungrateful to talk about time,but it is possible. As I said,they took money from investors,spent them and not achieve anything. That is fraud by any law and in any country. Logical question is if they didnt realize nothing,where is money? That is question for police too, of course. I hope the police will visit their offices soon so this matter can be cleared up. Republia has been exposed a long time ago alongside its sister scam company Minexsystem. |
|
|
|
|
eXtremal
|
|
December 07, 2018, 03:09:34 PM |
|
I see that all times are delayed because the market is not stable at this time and there is a lot of decline, maybe this strategy is very good for reducing risk for investors and this is a very good work |
|
|
|
yurez83
Member
Offline
Activity: 420
Merit: 28
|
|
December 07, 2018, 03:25:17 PM |
|
I see that all times are delayed because the market is not stable at this time and there is a lot of decline, maybe this strategy is very good for reducing risk for investors and this is a very good work Yes. You're right. The market is not stable and is rolling down. This is one of the reasons for the transfer of ico. but I want to assure you that, nevertheless, everything will be fine with Republia investors. There will be big changes for the better. Wait for the news in the coming days. |
|
|
|
|
|
nira09
|
|
December 07, 2018, 04:10:02 PM |
|
I see that all times are delayed because the market is not stable at this time and there is a lot of decline, maybe this strategy is very good for reducing risk for investors and this is a very good work Yes. You're right. The market is not stable and is rolling down. This is one of the reasons for the transfer of ico. but I want to assure you that, nevertheless, everything will be fine with Republia investors. There will be big changes for the better. Wait for the news in the coming days. Current market conditions can indeed be a problem for ICO, delays are better provided the team continues to work and multiply partnerships. but we don't know when the market will improve. |
|
|
|
|
yurez83
Member
Offline
Activity: 420
Merit: 28
|
|
December 07, 2018, 04:20:08 PM |
|
I see that all times are delayed because the market is not stable at this time and there is a lot of decline, maybe this strategy is very good for reducing risk for investors and this is a very good work Yes. You're right. The market is not stable and is rolling down. This is one of the reasons for the transfer of ico. but I want to assure you that, nevertheless, everything will be fine with Republia investors. There will be big changes for the better. Wait for the news in the coming days. Current market conditions can indeed be a problem for ICO, delays are better provided the team continues to work and multiply partnerships. but we don't know when the market will improve. Hey. Once again, in a few days there will be a lot of information. But so far I can not officially say that the information is positive for the project. Let's be patient (who is interested) and wait a bit. |
|
|
|
|
|
