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maxfreeman4
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February 20, 2019, 04:55:38 AM
Last edit: August 29, 2019, 11:43:46 PM by maxfreeman4
 #1

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February 20, 2019, 05:03:33 AM
 #2

I like the fact that you are not selling masternodes here, where everybody is getting their fast cash from that kind of strategy.
However, you still need to provide us your official links, like the website and explorer at least.

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February 20, 2019, 05:27:46 AM
 #3

There was actually this project that tries to apply Mimblewimble a "patch" by mimicking bitcoin total supply and emission, and although you're different from them in form of dev fees and several.other aspects, my first question would be the same for you as for them --i don't think they even officially answer me for this-- : wjat make you sure that combining bitcoin emission and characteristics to MW will create a necessary thing to ensure.project's success? Bitcoin remains undisputed not only because of their total supply and halfings, but also because they're pioneer and have a strong positioning on community's mind

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February 20, 2019, 06:09:27 AM
 #4

Thanks for the great questions...

Bitgrin has a Dev tax - we don't.
They also divert block rewards involuntarily from miners. Epic has 100% for miners and zero compulsory Dev tax or fundings.

Our project is prefunded for two years already and the startups building on our system will begin earning revenue by serving actual customers within months.



I'm sorry, I think I didn't make my question clear. I am not attempting on comparing you with bitgrin, nor asking you to. The mention of their project is merely for your reference.

What I wanted to know is the analysis or the argument on how applying bitcoin behavior could be perceived as a possible way to lift MW-based projects

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February 20, 2019, 07:31:40 AM
 #5


  

    As I understand it, mining is going on in the test network, when will the main network be launched? will you have a countdown?
    github link...?
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February 20, 2019, 07:41:42 AM
 #6


  

    As I understand it, mining is going on in the test network, when will the main network be launched? will you have a countdown?
    github link...?

good question, i have the same concern...
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February 21, 2019, 03:42:07 AM
 #7

Aha.

I was just at the Tone Vays conference where all the hardcore maximalists were gathering. Bitcoin has become religious for many, and while other monetary policies definitely can be better, we decided to mirror btc because it's what investors understand. The one coin everyone loves is Bitcoin, no matter which other ones they may like too.

Bitcoin has a blockchain that is transparent, which makes currency units not truly fungible. Epic has layer 1 privacy so with the same supply emission as Bitcoin, the primary difference is whether privacy on layer 1 is desired by the world for its choice of decentralized hard money digital currencies.

There is also the issue of scalability. Mimblewimble cut through discards offsetting transactions so at least two orders of magnitude more can be handled without needing a layer 2 like Lightning (which we can do too if we need it).

We designed Epic to be a medium of exchange counterpart to Bitcoin, which is excellent as a store of value.

I hope this answers your question?

At certain degree and point of view, I can understand and clearly see as logical that supplying people with what they're familiar with, and what they long wanted, namely bitcoin system with true annonimity, will grant success. Although the final results will still depends on the market, but yeah, I can understand this concept.

I don't quite get your sentence about exchange counterpart, though

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February 21, 2019, 11:25:37 AM
 #8

Reading the posts you convinced me to follow your activities...any date for some running code?

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February 21, 2019, 11:52:09 AM
 #9

Thanks for your great question.

http://money.visualcapitalist.com/infographic-the-properties-of-money/

...
For example, many economists and experts in the field agree that money must be a medium of exchange, a unit of account, and a store of value:

Medium of Exchange
Definition: Can be used to intermediate the exchange of goods and services.
Use: A common ground for determining value.
Example: A community uses beaver pelts as a medium to trade for other goods.
Unit of Account
Definition: A standard numerical unit of measurement of market value for goods, services, and other transactions.
Use: Can be used to compare goods using a common system.
Example: Housing prices in Japan can be compared using the yen as a unit of account.
Store of Value
Definition: Maintains its value over time.
Use: Can be spent or exchanged at a later date without penalty.
Example: An ounce of gold could buy a toga in Roman times, yet it can still buy a nice suit today
...

Bitcoin is great at storage of value, as evidenced by its success and price movement over the past ten years. However, it doesn't work well as a medium of exchange. Less people today are using Bitcoin as money for purchases than last year, which makes sense because people want to spend their dollars and keep their Bitcoin.

Epic can handle 100+x the transactions in the same block space. This more efficient data storage lowers costs.

I hope this answers your question, if not I'm happy to explain some more.

I appreciate the effort to explain to me. Ans sorry if i take it wrongly but can I correctly conclude that the "medium of exchange" here can be replaced with equal meaning to "as a purchasing method"? basically like the good old fiat money, isn't it?

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Twinkledoe
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February 22, 2019, 03:18:25 PM
 #10

Yes that's precisely the use case we are aiming at with Epic. We want to replace physical paper cash for the 3 billion people that don't have modern banking services.

Epic is faster for the customer than waiting for the cashier to give back the change so it presents a time savings. Also cash can be stolen but Epic on a phone behind a password/2fa can't be.

You're aiming big here. Can you test first your platform in a small community or group before serving those 3B people that have no access with banking services?

One country as a guinea pig is more than enough to verify the reliability of your platform.

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February 22, 2019, 03:28:43 PM
Last edit: February 22, 2019, 03:40:46 PM by gold969
 #11

Good morning,

I will have the github made public and website up later today. In the meantime I'm on the telegram and discord handling questions one by one...

 when will the main network be launched? will you have a countdown?
    github link...?
KnightRiderus
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February 22, 2019, 05:23:57 PM
 #12

Good morning,

I will have the github made public and website up later today. In the meantime I'm on the telegram and discord handling questions one by one...

 when will the main network be launched? will you have a countdown?
    github link...?

usually normal devs say the timeline but in this case they said it would be soon. im would like to look at the code and how well it is made. the project and its implementation depend on it.
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February 22, 2019, 05:54:09 PM
 #13

Yes that's precisely the use case we are aiming at with Epic. We want to replace physical paper cash for the 3 billion people that don't have modern banking services.

Epic is faster for the customer than waiting for the cashier to give back the change so it presents a time savings. Also cash can be stolen but Epic on a phone behind a password/2fa can't be.

Interesting. There will be, of course, some technical difficulties to implement such technology worldwide, but I'd like to take that aside for now to be discussed later.

I'd like to know about MW, I honestly just heard about it recently, and just two days ago took a real reading. I read somewhere that their payment is instantly? Is thay true?

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holydarkness
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February 23, 2019, 04:03:48 AM
 #14

Holy -

Yes!

Mimblewimble is really amazing. Our Epic Wallet can confirm payment in 3 seconds and each block is only 1 minute... Come help us!

The name is rather poor, though. LOL. I think Silencio Blockchain is better than MimbleWimble (remove your wands before saying the names). How is it different than ripple's speed? And what'll happen once the chain is clogged with transactions? Will the delay between each transactions getting longer?

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zhaoanjun
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February 23, 2019, 07:11:54 AM
 #15

added to my watchlist.
cryptowinner777
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February 25, 2019, 08:44:50 PM
 #16

maybe something or some group will finally change money for the world. no doubt it will take something truly epic. I'll be watching the countdown to mainnet mining.
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April 22, 2019, 02:16:03 AM
 #17

Updated announcement.
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April 27, 2019, 11:20:14 AM
 #18

Would like to setup a pool for this. Do you have discord?

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holydarkness
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April 28, 2019, 12:06:10 AM
 #19

Hmm... Interestingly, thread admin deleted all of his posts on this thread, we can see the evidences from how quoted post of his from every users on this thread is no longer existed.... and that his post history is clean. i wonder what's the reason behind this, and if it's any indication toward exit-scam

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PRESALE
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April 28, 2019, 12:18:04 AM
 #20

Hmm... Interestingly, thread admin deleted all of his posts on this thread, we can see the evidences from how quoted post of his from every users on this thread is no longer existed.... and that his post history is clean. i wonder what's the reason behind this, and if it's any indication toward exit-scam

On one of his messages he said that they do not have a dev tax but I think the announcement was updated and now a dev tax has been added so he deleted the message.
Thanks for the great questions...

Bitgrin has a Dev tax - we don't.
They also divert block rewards involuntarily from miners. Epic has 100% for miners and zero compulsory Dev tax or fundings.

Our project is prefunded for two years already and the startups building on our system will begin earning revenue by serving actual customers within months.



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