Tokenista (OP)
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April 01, 2021, 05:28:20 PM
Last edit: April 01, 2021, 06:02:08 PM by Tokenista |
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I am going to expand on the Corporate Currency concept, I have used the examples of Pizza and Sandwhich shops before so I will start there, then I will expand to other areas of application.
The Sandwich or Pizza shop model works best because there are Perishables, so if someone comes in and trades their Crypto holdings to you, in exchange for your Perishable item, you are winning. It could be a Bakery, or a Donut/Doughnut shop, it could even be a Coffee shop or Bar or something, even though those are not something that usually "goes bad". What my Wife and I are doing with Soap, Spells, Candles, Oils, Incense, Herbs, etc, could be compared to a Botanica, or Spell shop, or maybe even Library or Herb shop, etc. This would be good for a Massage company, or Aromatherapy, even like a Chropractor or Aromatherapist could start a currency.
Basically, any company could start a Currency, and I use Perishables as an example most often as:
1. Everyone eats Pizza and Sandwhiches
2. Lots of people own these businesses and may want to do more
So, the basic idea is that your Currency becomes like a focal point of cooperation for your brand or community. So if I am a Pizza shop owner, I might have a Storefront and a Website, but when they launch a Currency they are basically creating an entire network of people. When your coin is put in a Mining Pool, then on Exchanges, etc, each of these themselves is an independent community, made up of other independent individuals. So as your Currency grows it moves through various other communities and people will join, build new apps for your currency, build entire frameworks of their own around your currency.
When you create a Currency, you are not a Dictator, you are more of a Figurehead like the Queen of England, you wave at Parades, when it all falls apart each cycle they will call it "the Queen's Government", and you will benefit somewhat, but the currency will largely exist outside of you.
You are just there to incubate it.
When you make a Currency, and you trade it in your shop, you are maybe taking a loss at first, and can think of it as paying for new customers, or a coupon campaign, you don't even have to let people pay you 100% in currency, having currency could just be a discount.
But once you have the Bitcointalk members, the Mining Pool people, the Exchange people (day traders), etc, you now have that independent thing that will operate on it's own, and as that value goes up, now all the Coins you took at a loss are something you can go put on the market and sell for a profit, and worst case scenario someone uses it to Buy your product.
2 big drivers of Bitcoin's value was Gyft.com, the ability to Buy Gift Cards with Bitcoin, and the ability to Buy Gold, Silver, Copper, etc for Bitcoin. This operates on the same concept, except that if a Currency is at $0.0001 and you have a website where the exchange is not effected by your trade, meaning you accept straight Bitcoins, no Bitpay or PayPal to Cash, just Bitcoin to Wallet now I mail you Silver or Gold, you now get lots of Coins in pretty good amounts. And just like the Perishables owner, you can trade the Currency on the Market when it goes up.
This is Bear thinking, Buy Low, Sell High. Bulls Buy High, Sell Higher. If you are taking in large amounts of currency, you then HODL and as a market whale, you drive the price up. So trading Precious metals and other things for Currency, you can drive the entire market price. And I have seen Gold for Coins raise coin values dramatically, it happened with Bitcoin.
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Now, if I make Bread, if I own a Bakery, it would benefit me to know someone who will take Bread for Flour or Sugar, or who will take whatever for Flour or Sugar, this Currency can then be that.
The first one was BBQ Coin which was like DOGE coin at first, just a joke, but became a means of buying BBQ. What I am talking about is the reverse, where you first start with an existing concept, my Concept is a Religious Cryptocurrency Network, but it could be anything, it could be a Club, or a Government, or a group of friends. A Booster Club or a School Fundraiser, or NASA, or a Political Campaign, etc.
The Currency should be Secondary.
...
Example, if I make a Currency called "Gold Coin", and build a community to hold it, now they wonder "who will take it".
If I have a store where I sell Nik-Naks online, now I can let people Buy Nik-Naks for Coins, and suddenly people don't wonder what it's for, and if it's called "Nik-Nak" everyone will understand.
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Insober
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April 01, 2021, 08:02:26 PM |
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I've seen that most of the DeFi project doesn't turn out great unfortunately I wasn't able to invest at least to 1 DeFi since I think this could be risky, so where the DeFi headed to? We're not quite sure at all maybe soon we would be able to have something new.
This is very risky, but very often such a risk turns out to be justified, because the price of the token then increases, if the project is of course normal. You should learn how to filter projects among themselves, and invest your money in only worthwhile projects, of course, it is dangerous to invest in any DEFI project, but if you follow all the rules, there will be a small chance of losing money. |
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Tokenista (OP)
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Everyone join Blurt.blog & Steemit.com
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April 02, 2021, 02:59:19 AM
Last edit: April 02, 2021, 06:17:00 PM by Tokenista |
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Just so everyone here can start their own projects This will be a thread about TRC20 Token creation pragma solidity ^0.4.23;
import "./ITRC20.sol";
import "../../utils/SafeMath.sol";
/**
* @title Standard TRC20 token (compatible with ERC20 token)
*
* @dev Implementation of the basic standard token.
* https://github.com/ethereum/EIPs/blob/master/EIPS/eip-20.md
* Originally based on code by FirstBlood: https://github.com/Firstbloodio/token/blob/master/smart_contract/FirstBloodToken.sol
*/
contract TRC20 is ITRC20 {
using SafeMath for uint256;
mapping (address => uint256) private _balances;
mapping (address => mapping (address => uint256)) private _allowed;
uint256 private _totalSupply;
/**
* @dev Total number of tokens in existence
*/
function totalSupply() public view returns (uint256) {
return _totalSupply;
}
/**
* @dev Gets the balance of the specified address.
* @param owner The address to query the balance of.
* @return An uint256 representing the amount owned by the passed address.
*/
function balanceOf(address owner) public view returns (uint256) {
return _balances[owner];
}
/**
* @dev Function to check the amount of tokens that an owner allowed to a spender.
* @param owner address The address which owns the funds.
* @param spender address The address which will spend the funds.
* @return A uint256 specifying the amount of tokens still available for the spender.
*/
function allowance(
address owner,
address spender
)
public
view
returns (uint256)
{
return _allowed[owner][spender];
}
/**
* @dev Transfer token for a specified address
* @param to The address to transfer to.
* @param value The amount to be transferred.
*/
function transfer(address to, uint256 value) public returns (bool) {
_transfer(msg.sender, to, value);
return true;
}
/**
* @dev Approve the passed address to spend the specified amount of tokens on behalf of msg.sender.
* Beware that changing an allowance with this method brings the risk that someone may use both the old
* and the new allowance by unfortunate transaction ordering. One possible solution to mitigate this
* race condition is to first reduce the spender's allowance to 0 and set the desired value afterwards:
* https://github.com/ethereum/EIPs/issues/20#issuecomment-263524729
* @param spender The address which will spend the funds.
* @param value The amount of tokens to be spent.
*/
function approve(address spender, uint256 value) public returns (bool) {
require(spender != address(0));
_allowed[msg.sender][spender] = value;
emit Approval(msg.sender, spender, value);
return true;
}
/**
* @dev Transfer tokens from one address to another
* @param from address The address which you want to send tokens from
* @param to address The address which you want to transfer to
* @param value uint256 the amount of tokens to be transferred
*/
function transferFrom(
address from,
address to,
uint256 value
)
public
returns (bool)
{
_allowed[from][msg.sender] = _allowed[from][msg.sender].sub(value);
_transfer(from, to, value);
return true;
}
/**
* @dev Increase the amount of tokens that an owner allowed to a spender.
* approve should be called when allowed_[_spender] == 0. To increment
* allowed value is better to use this function to avoid 2 calls (and wait until
* the first transaction is mined)
* From MonolithDAO Token.sol
* @param spender The address which will spend the funds.
* @param addedValue The amount of tokens to increase the allowance by.
*/
function increaseAllowance(
address spender,
uint256 addedValue
)
public
returns (bool)
{
require(spender != address(0));
_allowed[msg.sender][spender] = (
_allowed[msg.sender][spender].add(addedValue));
emit Approval(msg.sender, spender, _allowed[msg.sender][spender]);
return true;
}
/**
* @dev Decrease the amount of tokens that an owner allowed to a spender.
* approve should be called when allowed_[_spender] == 0. To decrement
* allowed value is better to use this function to avoid 2 calls (and wait until
* the first transaction is mined)
* From MonolithDAO Token.sol
* @param spender The address which will spend the funds.
* @param subtractedValue The amount of tokens to decrease the allowance by.
*/
function decreaseAllowance(
address spender,
uint256 subtractedValue
)
public
returns (bool)
{
require(spender != address(0));
_allowed[msg.sender][spender] = (
_allowed[msg.sender][spender].sub(subtractedValue));
emit Approval(msg.sender, spender, _allowed[msg.sender][spender]);
return true;
}
/**
* @dev Transfer token for a specified addresses
* @param from The address to transfer from.
* @param to The address to transfer to.
* @param value The amount to be transferred.
*/
function _transfer(address from, address to, uint256 value) internal {
require(to != address(0));
_balances[from] = _balances[from].sub(value);
_balances[to] = _balances[to].add(value);
emit Transfer(from, to, value);
}
/**
* @dev Internal function that mints an amount of the token and assigns it to
* an account. This encapsulates the modification of balances such that the
* proper events are emitted.
* @param account The account that will receive the created tokens.
* @param value The amount that will be created.
*/
function _mint(address account, uint256 value) internal {
require(account != address(0));
_totalSupply = _totalSupply.add(value);
_balances[account] = _balances[account].add(value);
emit Transfer(address(0), account, value);
}
/**
* @dev Internal function that burns an amount of the token of a given
* account.
* @param account The account whose tokens will be burnt.
* @param value The amount that will be burnt.
*/
function _burn(address account, uint256 value) internal {
require(account != address(0));
_totalSupply = _totalSupply.sub(value);
_balances[account] = _balances[account].sub(value);
emit Transfer(account, address(0), value);
}
/**
* @dev Internal function that burns an amount of the token of a given
* account, deducting from the sender's allowance for said account. Uses the
* internal burn function.
* @param account The account whose tokens will be burnt.
* @param value The amount that will be burnt.
*/
function _burnFrom(address account, uint256 value) internal {
// Should https://github.com/OpenZeppelin/zeppelin-solidity/issues/707 be accepted,
// this function needs to emit an event with the updated approval.
_allowed[account][msg.sender] = _allowed[account][msg.sender].sub(
value);
_burn(account, value);
}
}
ERC20 guide to help since they are basically the same https://github.com/bitfwdcommunity/Issue-your-own-ERC20-tokenI have been trying to learn solidity but it hasn't been that easy for me because of my lack of background in programming. But anytime I see a new coin or token launched I feel more compelled to try to give it a try.
The fact that one can just create a token with little or no cost and launch it to the public to raise money for one's project makes learning Ethereum solidity for ERC-20 and even TRC-20 creation a worthwhile effort. I just hope I will be able to achieve that one day.
Here are some Solidity guides Something everyone should know. This applies to BLURT because BLURT is a STEEM Fork, meaning it is an exact copy of STEEM from March 2020, but everything after that is independent from what happens on Steemit.
When I joined Steemit in 2016, it took 104 weeks, which is 2 years, to take your funds out. I am fully in support of that, but it is not a well understood position. Most people think STEEM or BLURT should be able to be withdrawn in 4 weeks.
So I want to explain this for everyone.
Anarcho-Capitalists took over Steemit, and I left. STEEM was topping at like $20 and sitting at like $5 when I left because the platform became useless. Dan and Ned are the Developers, then the Bitshares people were the Witnesses and early adopters. So when they all got Anarchy Fever, no one could get an upvote unless they were saying "Taxation is Theft", and being proud Anti-Statists who literally think anyone who believes in a State is wrong.
You may think "that's democracy" or Majority Rule or whatever, but that is not good business for a Social Media Blogging site trying to be a real universal platform.
Apparently these Anarchists voted for a 13 week STEEM Power Down, so people could withdraw all their money. I started my Power Down during the 104 week rule, and never came back, so I literally had no idea this happened. I spoke to someone today and they said "it was always 13 weeks on Steemit", so that means that most people don't even understand how this works.
So, everyone wants their money when they need it, but that is why Steemit had a 50/50 Payout in Liquid and STEEM Power. So half is saved, half is held.
And you are supposed to use this like a Bank.
STEEM Power has 4% interest. So it makes money like a Bank, actually better than most Banks. Plus, you get Curation and Author Rewards. So if you think of STEEM Power as Money held in your Bank account, you can actually live on the Interest and Rewards.
And the fact that it took 102 weeks to pull it out meant that people had to be in it for the long haul. People couldn't just pull all the STEEM being used for Curation and dump it.
If that isn't obviously clear, you can look at what happened when they changed to 4 week withdrawals. It is $0.15 now and everyone is gone.
This could be resolved if we all just started coming in, buying it up, and holding it ourselves. But you can see how the 4 weeks was not really a good move. And really 13 weeks was too quick.
But, in order to raise the prices of these currencies, we can collectively do this ourselves.
This concept that existed at the beginning of Steemit, which the Anarchocapitalists got rid of, is very well defined here.  Something that should be mentioned, right now if I want to send a Bitcoin or an ETH somewhere, it costs like $2.00+, this is due to Transaction fees used to pay miners to want to mine your block, the more fees you pay the faster your transaction goes through, it can take 1 hr or more for a Bitcoin to go from 1 wallet to another.
So there is an entire market for what are called Micropayments.
Micropayments are if I want to send $1 or less, or even $10 or so. It is not really efficient to send $10.00 payments with fees at $2.00 or more.
So there is an entire industry for Micropayments, and TRC10/20 Tokens definitely fulfill this. You get about 5000 free Bandwidth per day in your wallet, and can send any amount of a Token to another wallet for about 280 Bandwidth. So you can easily send several people small payments in 1 day if you needed, or accept small payments from them. All within the TRON wallet, then for liquid trade on the TRON Link exchanges.
There have been entire currencies with the singular purpose of being a Micropayment Blockchain, and TRON Tokens have it built in. And the Tokens move to the other wallet just about instantly.
I created a trc10 token on tronscan.org few months back but it never got approved. I was a newbie (still am) so I just left it there. Do we need website to create our token? I was asked to fill website address in one field if I remember correctly. Do tokens created by us have any life cycle or they stay alive forever even if they are not in circulation? I am suing Poloniex soon to fix this, they are Monopolizing under false pretenses of self listing, anyone interested just keep checking in, and if you want you can join later to make it class action. So, at some point in the past Steemit had an issue where most people could not earn enough to mean anything. So they created a Protocol on the Blockchain by which Smart Contracta could be made, like ERC20 Type Tokens. https://chainbulletin.com/steemit-releases-token-launching-protocol/https://youtu.be/w3acqauTdhcThese Tokens are currently one of the best options for a company with little to no resources to create their own Cryptocurrency, and growing it by building a community on Steemit. ERC20 Tokens are more complicated because they are not as liquid upon creation, require some coding knowledge, require Ethereum Wallets which themselves are a barrier to entry for the non-tech savvy, and are not connected to a Social Media Crypto earning platform. Ethereum dApps are for Ethereum Miners to use, others coming in are extra really, there are others but they are Buying gas power and learning Ethereum. Graphene SMTs are on Steemit, a much better GUI model. If you have skill as a Programmer and want to Upgrade BLURT, these are the Steemit git Repos for Smart Media Tokens (SMT) which are now most well known from Steem-Engine/Hive-Engine Tokens made by Aggroed, DTube and APPICS (Scot Bots). If you were to implement any of this, you could then announce it on BLURT and both earn BLURT and Trade Tokens for BLURT. You could be the BLURT Aggroed: https://github.com/thilobillerbeck/awesome-steemhttps://github.com/harpagon210/steemsmartcontractshttps://github.com/harpagon210/ssc_tokens_historyhttps://github.com/holgern/steem-scothttps://github.com/ledgerconnect/steemconnecthttps://github.com/selmi-karim/steemitgramhttps://github.com/steemit/smt-whitepaperhttps://github.com/mukai154/webblen-ioIf anyone wants to help Build the Future, I added a question on Quora regarding creating Smart Media Tokens (SMTs) from github meant for Steemit, by forking them to BLURT https://www.quora.com/unanswered/How-do-you-Build-Smart-Media-Token-gits-on-BLURT-a-Graphene-OpenLedger-Bitshares-Steemit-based-BlockchainI am sure someone will accomplish the task of creating SMTs on BLURT at some point, and earn themselves plenty of money. But if the process could be explained on Quora, or at least discussed, then people will have a good starting point for Future Graphene Token Projects. I will continue to add more and more information to BLURT discussions so that there is even more that can be achieved by the community. Because when you go on Google and search "BLURT" and just keep scrolling and reading, for hours and hours, this is what you will find, and this is what you were looking for. I am putting together information to create the Future, by letting other people find it all in 1 place. TRC20 TRON Tokens https://github.com/tronprotocol/tron-contractsSo I have been part of Crypto for a while, and I missed TRON happening and until yesterday I was not sure what it was. If anyone else is not aware, it is an ETH Clone. TRON was an ETH based project, but it got so big they just made their own TVM like the Ethereum Virtual Machine (EVM). So that makes it make a lot more sense. This is the White Paper describing how to make SMTs, this is the foundational document explaining how to create Tokens like APPICS. Steem-Engine is also an example, which is a platform that makes SMTs for you in preset bot and front end packages to choose from. https://www.scribd.com/document/486175626/Steemit-Smart-Media-Token-SMT-WhitepaperWe will be using this to developed a Token in the future for the Punic Wax Network, we are Currently using Steem-Engine but will create a new one as well. Almost all posted I saw here in your topic was you, anyway, this is the first time I heard about steam engine.
Well, I think you are one of the merchant who owned a traditional business where in the future your gonna accept PUTI, STEEM, and HIVE as one of your mode of payment to your goods, in which I am right with my thoughts. This would be nice if you will promote it in the location where it is close near where you are residing for.
We are in Texas, DFW. And yes, I am not sure why, but we will be one of the first doing this. I am not sure why there is no STEEM App, and there should probably be like a STEEM BitPay eBay, where a person can go on and create an account and start taking pictures and selling things, with the ability to accept STEEM, TRX and TRC Tokens. But I am also not sure why TRC has a very limited presence on Steemit, I feel like maybe the SRs should start accounts, and groups, and I should see my TRC Token balance in my STEEM wallet, but we aren't there yet. There really isn't anything like that at all, except that STEEM-Engine/Hive-Engine are almost there. I have heard of a Hive-Engine WordPress type dApp, if that exists there may be a market somewhere out there. I would like you to clarify something for me:
wouldn't it be more practical to create an online store where you could accept Bitcoin (it has high fees and Litecoin or other altcoins with cheap rates) and create a physical store in your country where you would accept payments in local and foreign currency and cryptocurrencies?
We are accepting Local Currency, on an Etsy shop. Then alternatively also allowing people to buy using Graphene based Crypto and our Punic Currencies. We currently are capable of (not actually happening constantly yet due to issue with getting money from the State of Texas which we are owed for COVID) making 50+ Bars of Soap, 1x or 2x per day. Soon we will have the ability to make 100 at once, and 200 at once, and we will have our Special and Custom shapes made in bulk as we will have more molds. So as we get more ingredients, More molds, More smells, More Soap prepared, We will need: More and more space, Places to send it. We might be making 1,000 Bars of Soap a day, or 20,000 or more a Month, but we need people on the other end. And even other Soap sellers making the market more complete. Plus we are using a bunch of uncommon magical herbs, so I am not too concerned that everyone/anyone might have our recipes in bulk already. And definitely not presented in our context. I am going to explain to everyone some of the implications of the future completion of the Social Graph BLURT Blockchain project.
First, Steemit was created by Dan and Ned, Synereo came first but Steemit was the first to have some large scale adoption. There is STEEM which is the main Steemit coin, then STEEM Backed Dollars (SBD). Miners primarily get STEEM while rewards for Curation and Authors fluctuate up and down in amounts of STEEM and SBD.
STEEM Power is STEEM locked as PoS to give voting weight, the more STEEM Power you have the higher rewards you give and get.
There were then several issues you could call growing pains for the platform, Anarchists took over the mentality of the platform but for a while there were tons of users. The more users locking up STEEM into STEEM Power there are, the rarer it gets, so this makes Inflation bearable as rewards are given out. Bitcoin has a Scarcity Model where only 21,000,000 will ever exist. So when 1,000 people used it, it seemed like there were tons of them, 10,000 BTC were traded for 2 pizzas, that was the first trade, before that Bitcoin was worthless.
STEEM is at about 400,000,000 now, and goes up. So, not intended to reach $18,000 each, but if enough people were holding and locking up STEEM, they would be more rare, ans more expensive.
But Dan and Ned sold Steemit a few years after the Anarchists came.
Justin Sun bought Steemit Inc, and the rights to the website. It seems Dan and Ned did not inform Justin Sun, who is from TRON, that when Dan and Ned were gone, there were several people in the Witness role, which can be seen as like a Board of Directors, which were from Bitshares, Dan and Ned's original and ongoing project, OpenLedger.io
Justin Sun and the Witnesses had kind of a War, Justin Froze and took several Accounts funds from what they say, then put in some Witnesses he wanted. So it became a Situation where people who had known these Whales for years were not supporting the new Witnesses, and the new Witnesses existed but lacked the thousands and thousands of community votes.
So there was a split, they Forked STEEM, made some changes and became Hive, taking some users but never reaching the full adoption numbers Steemit had, and Steemit never returned to those numbers either.
BLURT was now created, in August.
BLURT has no Downvotes, small Fees that will be burned in later versions, no SBD and started with a Curation network like Steemit has now but did not need until the Split.
At one point STEEM was well enough populated that STEEM Power was locked up on a large enough scale to make it worth something. But then all this happened.
Hive is kind of built for the people who were into the Techy aspects of Steemit, which is great. Steemit is hopefully going to be part of the TRON Network, and is growing in Korea, Nigeria, South America, etc.
BLURT is kind of a 2nd Steemit with several Steemit curators and others over on BLURT to earn extra. Right now most people find BLURT looking for ways to earn more STEEM.
But when SocialGraph is done, anyone will be able to Fork BLURT, basically meaning they can copy Steemit with the changes the BLURT team made, then install the Witnesses they want to run their website, and use it to run the Website.
This means ANY Website can be Steemit.
If you have a Facebook group, you could create a Website, Fork BLURT and you control the Steemit Inc stake of Coins, SocialGraph owns a %, everyone including you and your community have all the same number of coins as you had BLURT at the chosen time of Fork.
So save up on BLURT, because in the Future several people are going to be Forking BLURT and you will have coins on their chain to use and sell.
A City could Clone Steemit,
Forum.City.gov or whatever and it's a Steemit Clone with OurCity Coin. If everyone buys 10% in ICO we can repave the road.
Forum.Cinemark.com earn Coins talking about movies and possibly let people Buy movie Tickets with coins.
Forum.HistoryChannel.com talk about History, things you would want to see on the channel, earn an support them.
Any company, and the more things they have to let you buy with their Coins the better, Pizza, Bus Tickets, Concert Tickets, Food, Products.
We are going to see several uses appear for Steemit based chains.
I just wrote this the other day, but think about while reading it that now Steemit gives TRX rewards, and is connected to TRON Link. So they just did what I was saying would raise the price. And since Steemit is TRON Link connected now, it is almost positive that Steemit will support TRC10/TRC20 soon, and we may see Just Swap or Poloni DEX, or all of TRON Link, in Steemit and Vice Versa, since TRON Link is a browser. It depends on how full the TRON Link wallet becomes with useful Tools for people to use, as more people make dApps.
This ROI focus, with everyone trying to give a higher % back than everyone else, and basing that on new users funds coming in are Ponzi schemes.
Just so everyone knows, you want to prove 3rd party revenue you are generating goes into it to make it work, and have real ways of new money coming in.
If a TRC10 is on Steemit you can trust it more, because there is a 3rd party source of revenue which is Steemit, it is not just you putting money from your pocket in to pull it out when 5 others put money in, there is new money being generated by the program.
Steemit needs Curation trails, bots, etc. This could all be accomplished with TRC20 and found right in your TRON Link Wallet.
A TRC20 Scot Bot like DTube for Steemit, maybe DLiker or UPVU, would be very interesting if it could be put in the TRON Link Wallet. It would actually be interesting to see any part of Steemit appear in the TRON Link Wallet. The TRON Link price will of course go down at first now. This is an Airdrop.
But in the long term, this brings more users. Someone who sells their TRX for $0.02 maybe then buys, after selling, with STEEM but at $0.05 or more because they missed out.
And you can probably get TRX at $0.01 or $0.005 soon, because of the Airdrop.
But as Steemit users make TRC10 and TRC20 Tokens, they lock up more.
As they learn to Stake TRX and vote for SRs, they lock up more.
So then the price goes up. The first step is the more Holders. And since TRX and STEEM are both Justin Sun, if someone sells TRX and buys STEEM with it, that doesn't hurt TRON. And both will benefit from this.
Steemit is about to get big boost from TRON and vice versa, I can't wait until I can tip Steemit users with TRC10 Tokens or everyone have the ability to pay some TRON Dev to run a Scot Bot type TRC20 for them.
This is like a whole new Steem-Engine+
Btw, just so everyone knows. I joined Steemit like right when STEEM actually started being distributed on the website. That happened like July 7th, 2016.
By August or something there were already $1,000 posts easy.
BLURT started itself, I am not even sure how people find it. I only found it because I searched for one of my new Steemit posts after rejoining Steemit just recently, and someone had copied it here and got like 1,400 BLURT so I joined here.
I didn't know it was so new when I first got here.
But now that we are starting to tell people on Bitcointalk about BLURT, it will all start to move along faster. We just need people to start giving the people on Bitcointalk info about BLURT and it will all start happening.
The way I see it, the fact that this active Discord Chat existed and the Site has so many users, is a benefit to what we will be able to get done in a short period of time now that we are on Bitcointalk.
So, with Analytic Tools, just a thought.
If there could somehow be built in features in any backend Analytics Tool that measure things like who is giving the most upvotes to the lowest historical BP rewards record accounts; or whose votes have gone to accounts that have then gone on to curate to the lowest rewarded accounts (kind of like who sired the most beneficial curators). This way there could be like a lean towards finding those with the least historical BP rewards by all high BP accounts, because they would appear on the chart.
Kind of like Karma and the Law of Dharma. Alms.
There was a description of Karma that may help describe the concept. So if I curate simply seeking people who will return upvotes, I benefit a small group of active curators and I likely seek out high BP users, this is a Low Karma/Quick Returns model.
If I simply seek out the Poorest and give them the most, I am now in about a 50/50 Karma/Returns Model, with a hit taken to returns.
But if I curate those, who in turn themselves become active Curators holding and leveraging BP, this is more like 100/100 instead of 50/50. Not only am I giving Poor people money, I am building a Charitable community of Curators.
And an example of how this helps.
1. In the obvious way, the more I seek out low BP users the higher I am ranked on the page for that
2. If I am a Whale, and I want to rank up in model 2. Maybe I just bought my BP, or was part of the airdrop and am coming in late, or whatever the reason is they are a low ranked whale.
That whale can seek out users whom are at a similar or higher rank to themselves, and support them, which then in turn raises their rank.
So it still allows for people to seek out active Curators who may return a vote, but they also then are supporting people based not on BP levels but their community activism.
This new Whale is now lead to vote for effective community organizers, in order to raise his rank to match his Whale Peers in the siring charts.
This could also be built into some kind of general Ranking System.
Like how Reddit has Karma, but that it a different concept similar to BLURT or STEEM with no trade value. But like how Bitcointalk or many other forums have like "New Member", "Senior Member", "Moderator", like this Discord Chat and the Facebook group too, BLURT could have like a non-Static Rank.
The Dharma, Model 50/50 and Model 100/100 would also support not powering Down. Because if I have low BP and I am new, and I start getting votes when there are 500,000 users and Curation gets difficult.
This new low BP user is encouraged to participate in the ranking system, regardless of how low their rank is because they want to get the good votes. If he Powers Down he isn't being Sired, and is kind of lowering his stock. A Fresh users who saved as much as he can raises his stock.
This could possibly even be part of a system where the Poorest users (in terms of rewards) over time are measured. So that if I cash out all my BP right away I lose my stock, but if I get no good votes over 1 year, maybe now I am back higher up in the ranking.
And BLURT Bots would be built measuring those Charts.
And the "stock" would be natural if everything else was measured.
1. So, by being new I have a setting, because time being measured would be good also. The longer I am on, the higher my score goes, the more BP rewards I get the lower it goes on the Poor Rank Chart.
2. But with higher BP rewards, turned around to vote on the Poor Charts, raises me in the Siring Charts.
3. The higher BP I get, with higher subusers in turn trying to hold BP to vote on the Poor Charts, and the whole Poor Chart knows they can curate to get up in the Siring Charts, so everyone's "Stock" is built in.
The Siring Charts could include maybe a tab setting or dropdown option to see:
Highest BP Sired ever, to most Low BP Users, to most BLURT Users Generally, to BP that never Powered Down, most New Users, most Forgotten Users.
And people would use these, try to be on these, and create Bots that read these for them.
Then like
(# of votes × user BP, continued, meaning, to whatever layer, this should start with a # of users × user BP gained by those users, then this should repeatedly look back to that same calculation like a pyramid chart where # of users voted for × BP gained by those users) then your rank in that chart × X
The Pyramid chart first means whoever's underlings hold the most and use it, raises that person up.
So (# of users voted × BP gained, continued) × New Users Voted
Or
(# of users voted × BP gained) × ((time on platform for vote receivers × last post newer higher weighted) / rewards ever)
So new users Sired rank, and most needy sired rank.
This also creates rarity and numismatic value. The Model of "Merit, as we see it" is basically just a little club, and certain people earn the most.
"I'm a Whale, jump through my hoops and then you can get a fair shot. In fact, I am giving you a fair shot by letting you jump through my hoops... unless I don't like you"
That is Merit on a Subjective basis like this with no Constitutional Directive of Meritous Rights. It is a Club.
If populace based Poorness and Charity are commodities, then suddenly there are more BLURT holders and not just a Club.
With the Expanse of BLURT further than that of STEEM, it promotes the scarcity model. Each person individually values their's more because they have a different share of the Pool.
With STEEM the Karma Algo would be, (# of users voted × SP gained, continued) × New Users Voted Or (# of users voted × SP gained) × ((time on platform for vote receivers × last post newer higher weighted) / rewards ever) |
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Tokenista (OP)
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Everyone join Blurt.blog & Steemit.com
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April 03, 2021, 09:43:41 AM
Last edit: April 04, 2021, 12:03:29 AM by Tokenista |
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Over the next few days I am going to get into DeFi conceptualization. I wrote the guide on Steemit that ended up defining Steemit Bots, so I promise that you are not wasting your time by reading concepts that come from my brain. This Steemit post has evidence. https://steemit.com/steemit/@marsresident/i-am-back-but-created-a-new-account-punicwaxSMTs and Scot Bots when they first launched changed the way everyone used STEEM. When STEEM and Steemit started it was worthless, and was actually just Steemit with no currency and a promise of payouts when it launched. The SMTs came when there were so many users they could no longer get to everyone. At first a Whale user would manually curate Steemit, looking through the Trending, Hot and New pages until they found something they wanted to vote on. You could also write about them and slip in a tag and maybe they would see it. Steemit posts about Steemit were the most popular at first, mostly because people new to it, and didn't completely understand Cryptocurrency, it was the first place you could earn for free without without mining, where fresh Crypto people were being introduced to it. The numbers grew and the Whales made bots to Vote for them, either by username or a point based algorithm based on time posted, votes, and strength of other voters by certain times. You may wonder, "So what happened?", the Anarchocapitalists took over, removed almost all of the Bridge Toll, which started with a 104 week withdraw period with 1 payment per week. After Steemit sold to Justin Sun and TRON, they got in a War with him and lowered it to 2 months or less. And they all went to Hive.io Hive now claims to be built for dApps, so while Steemit has SMTs and Scot Bots, Hive is built for those not just hosting them coincidentally. A Scot Bot is a bot which distributes tokens in the same model as Steemit, with Vote weights, Whales, Payout periods/Time to collect Votes, and then they are hosted on Steem-Engine.net and now Hive-Engine.com, and you can take a whole other step and create a DTube clone Scot Bot. The DTube clone means you create a Front End, so people type your website in the browser, you make business cards for your website if you want, it has your webpage name, your logo, and in the wallet are your Tokens in whatever amount they are holding. But they log in using their Steemit username and password, and when they post it goes into a group on Steemit with a hashtag attached to your Front End. So with a Scot Bot DTube clone people can experience Steemit completely through your website. And earn your currency, thereby raising the traffic in your Steemit group and earning themselves both your Token and STEEM at the same time. STO is kind of misleading but also not, because STO means "Securities Token Offering", and this is True somewhat as the person who designed Steem-Engine and Hive-Engine seemed to have cooperated with a Securities Attorney to create Packages that can be purchased that comply with various Securities Laws, so these platforms have Tokens that legally comply so that people can, for example create a Token that represents Stocks, or Metals, or anything, even a House. This is similar, and can best be comprehended by comparing it to, IBM NFTs as Diamonds and Fish. IBM uses these types of Tokens, called "Non-Fungible Tokens" (NFTs) to represent objects, and as they move to different wallets, or checkpoints in the chain of custody, it is recorded on the Blockchain. While these Tokens do not go on a market for sale, which Securities would. There are also very detailed ETH NFT Protocols. Venezuala's Petro Dollar is kind of anexample, where they were going to peg a Currency to Venezualan Oil (where people burn things down and kill Officials when gas is over $0.08 or something) and trade it, then OPEC told all Countries not to buy it and it collapsed with the Country. But Venezualans are not new to volatile markets, and have actually been using Bitcooin as a store of value, or in place of their currency, pretty much since like 2012 or sooner. They could always trust it to move up more steadily than the Venezualan Peso, which went the other way. Pegging a Token to Silver or Gemstones can be an easy way to give it real value. Silver is $0.50 per gram and then can be used to represent a currency that can go higher than silver at which point it would be stupid for someone to withdraw the Silver, giving you more valuable coins. Or people load you up such coins that you can set for sale at more than the price of silver. Local Currencies: Ithica Bucks and similar, as well as Store Credit, Toys R Us Bucks, and State Fair Coupons or other access Credit systems. The Access Credit model could best be visualized in someone earning a Concert Ticket with online interaction, or as State Fair Coupons where you buy them before you show up and spend them to do things, maybe at a Festival. I will get deeper into this soon. Crypto Anti-Trust Intro: The Bitcoin Town Series of Events By reading this you will have an understanding of how Corruption became normalized in the Blockchain World, this happened accidentally in a Noble pursuit by the Bitcoin Foundation to clean up Bitcoin's image. Florida v. Espinoza, F14-2923 (11th Cir 2016) Defines Cryptocurrency in the United States Legal System. MM Steel, LP v. Reliance Steel & Aluminum Co. et al, No. 4:2012cv01227 - Document 504 (S.D. Tex. 2014) 2 Companies conspiring against Competitor(s) Tunica Web Advertising v. TUNICA CASINO OPERATORS, 496 F.3d 403 (5th Cir. 2007) Section 1 of the Sherman Act Spectators’ Comm. Network, Inc. v. Colonial Country Club, et al., 253 F.3d 215 (5 th Cir. 2001) Engaged in Conspiracy; That restrained trade; In a particular market NW Wholesale Stationers v. Pac. Stationery 472 U.S. 284 (1985) “Disadvantage competitors by directly denying… relationships the competitor needs in the competitive struggle” Foman v. Davis, 371 U.S. 178 (1962) On December 20, 1960, petitioner filed motions to vacate the judgment and to amend the complaint to assert a right of recovery in quantum meruit for performance of the obligations which were the consideration for the assertedly unenforceable oral contract. On January 17, 1961, petitioner filed a notice of appeal from the judgment of December 19, 1960. On January 23, 1961, the District Court denied petitioner's motions to vacate the judgment and to amend the complaint. On January 26, 1961, petitioner filed a notice of appeal from denial of the motions. On appeal, the parties briefed and argued the merits of dismissal of the complaint and denial of petitioner's motions by the District Court. Notwithstanding, the Court of Appeals, of its own accord, dismissed the appeal insofar as taken from the District Court judgment of December 19, 1960, and affirmed the orders of the District Court entered January 23, 1961. 292 F.2d 85. This Court granted certiorari. 368 U.S. 951. Martti Malmi is the user "Sirius" on Bitcointalk.org Martti Malmi was the 2nd Human Being to ever touch the Bitcoin code on Github. This is on the record on Github. Martti Malmi claims to have developed Bitcoin alongside the unknown developer who uses the pseudonym “Satoshi Nakamoto”. Martti Malmi owns Bitcointalk.org I have been a Member of the website Bitcointalk since 2011, when Bitcoin was $5 each. Coins are hosted on Github.com and Announced with an [ANN] Announcement thread on Bitcointalk.org. As laid out in Case #1:2018cv02029, I was going to be creating Cryptocurrency Towns. The Defendants together, used Martti Malmi’s Website, Bitcointalk.org, to deny me any ability to compete by banning me, and slandering my name even though I had 0 ZERO negative points in their Reputation System. Denying me access to Bitcointalk.org denied me any access to hiring programmers, mining cryptocurrencies, or in any other way be involved in the world of Cryptocurrencies. Just as an example of my involvement in the Community, I was the first person to contact Brookstone. They are now deeply invested in Crypto. I created email lists, and launched several email campaigns. I am part of the reason you even know what Bitcoin is today as you read this.  The Defendants are Monopolizing the Cryptocurrency Technology on their website. The Bitcoin Foundation emerged in 2012 to rehabilitate the image of Bitcoin away from the Silk Road and that is their motive. This link explains some of my personal experience with Crypto, and explains the Silk Road Origins of Bitcoin. Understanding the Silk Road you can see why they did this at first, how it can be seen as Noble when it started and that they are in fact engaged in denying people competitive access to their platform, which is essential to the success of any Crypto project. https://steemit.com/hive-142140/@punicwax/steemit-under-new-managementThe Silk Road is a Black Market selling everything from Heroine, to Guns (including RPGs), Counterfeit Money, and they were about to start selling body parts. All of this is through the Mail. The Bitcoin Foundation began with the intent of professionalizing Bitcoin, and getting it off the Silk Road. Which as we will discuss here, I was actually a big part of helping with before they attacked me. # Devcoin When I came to Devcoin it had about 15 users, and was basically a Cryptocurrency connected to a Website like Wikipedia. You write whatever you want and for every 1,000 words you would get 1 share, and every month something like 100,000,000,000 Devcoins would get distributed amongst the writing shares. So if 15 writers each write 1,000 words, each has a 1/15 share. If there is less writing each share is worth more, if there is more each share is worth less Coins. Devcoin means Developer Coin, and people who programmed things earned a lifetime share or shares, meaning they would get like a monthly stipend. But as I brought in new writers the Developer shares got smaller. After a few months I had the writer numbers up to around 200, here is me Promoting their Coin for them. https://bitcointalk.org/index.php?topic=210446.0While I upped the user count from 15 to 200, I personally was still writing enough to earn 50% of the shares. The developers did not like this, and they were Bitcointalk admins. While I was there the price went from around 1/100 of a Penny, to nearly or over 1 cent each. This was 2013-2014. During this exact few months in December my 12 year old brother died, and these people started acting like I was lying about it as a scam and attacking me for talking about it.  https://www.historyonthenet.com/antitrust-laws-allow-government-prevent-mergersThis chart shows me bringing in new users, them banning me from Bitcointalk, and them never recovering  Bitcoin Town This time was when Cryptocurrency was something brand new and we were still getting companies to accept it. When I raised the price of Devcoin, people quickly created an Amazon Giftcard purchasing capability, and others direct Gold, Silver and Copper sales for Devcoin. Launching the price higher as these people put precious metals on the line for Devcoins at market value. I began formulating everything we would need to create a Cryptocurrency Town called Bitcointown. The idea caught fire and pretty much anyone who knew what a Bitcoin was were using my ideas. https://www.vocativ.com/tech/bitcoin/bitcoin-u-s-a-digital-dollars-communities-might-be-coming-to-a-town-near-you/index.html Then Dec 2013 my brother died. They pretend I am a scammer, and they ban me, regardless of the fact that they had a Merit system, and my reputation was fine. I had never even been involved in asking anyone for any Coins. I never did any kind of Sales, or a Fundraiser or anything. Then Bud light steals my idea and make Whatever U.S.A https://www.usatoday.com/story/money/business/2014/09/05/bud-light-turns-tiny-ski-town-into-whatever-usa/15172279/And now Akon is making Towns, but he isn't really stealing it, at this point I have been banned so long he probably thought I gave up https://www.blackenterprise.com/10-things-know-akons-futuristic-crypto-city-senegal/We were talking about Ocean Housing and Boats once the Mainland Town got started and everything. In 2017 I came back after learning how to generate Genesis Blocks and therefore birth my own Blockchains, and they banned my new account. Destroying a currency I had already launched on their Website. UNITED STATES DEPARTMENT OF JUSTICE DRUG ENFORCEMENT ADMINISTRATION In the Matter of JOHNSON MATTHEY, INC. | | | | | | Docket Number 99-27 MEMORANDUM OF THE ANTITRUST DIVISION OF THE UNITED STATES DEPARTMENT OF JUSTICE AS AMICUS CURIAE IN SUPPORT OF THE APPLICATION OF JOHNSON MATTHEY, INC. >Competition is a rough, often inelegant process by which winners and losers (whether products, firms, or technologies) are chosen by decisions made in the marketplace. In that process, economic actors are constantly challenged to improve on price, cost, and technology, or exit. The end result is economic efficiency and increased technological innovation. Properly understood, the various challenges to the application of Johnson Matthey, Inc. ("Johnson Matthey") raised by Mallinckrodt, Inc. ("Mallinckrodt") and Noramco of Delaware, Inc. ("Noramco") rest on one ground: their fervid desire to avoid such competition and the challenges it would pose to them. Should their efforts to block Johnson Matthey's entry into the market succeed, the result will almost certainly be a less efficient and less innovative market and, ultimately, higher prices for consumers. For that reason, assuming that the DEA can appropriately regulate Johnson Matthey's facilities to avoid illegal diversion, the Antitrust Division (the "Division") supports this application for registration.(1) More importantly, the Division strongly recommends that the DEA avail itself of this opportunity to clarify yet again its commitment to competition by lowering the regulatory barriers to entry consistent with the need to prevent unlawful diversion. As discussed below, where a market cannot sustain numerous participants -- whether because of production requirements, economies of scale, or government regulation -- its competitiveness depends significantly on facilitating the potential for entry. By clearly articulating the appropriate standard to be used in these proceedings, and by placing the burden of proof where it properly belongs, the DEA will be able to discourage the continuing use of its procedures by those who seek to hinder the development of competition Noramco of Delaware, Inc., v. Drug Enforcement Administration, 375 F.3d 1148 (D.C. Cir. 2004) https://bitcointalk.org/index.php?topic=5289310.0Part of this may seem like it belongs in Altcoins at some point because it mentions Graphene Blockchains, but this was just first Theorized for Graphene with Scot Bots and the Upvoting System as a Model. But what could happen next could be bigger than that. It there were a Counterparty, Mastercoin, Steem-Engine type system built on Bitcoin then connected to sister projects on Ethereum, Graphene, TRON, etc. Where Karma and Charity were rewarded, it would be like the Coffee and Doughnuts of Cryptocurrency. I intend to slowly start this with Tokens on existing systems, but I would like others to start thinking of this. Here is Martti Malmi's view, and he owns Bitcointalk and knows Satoshi. My concept would not replace his, but work as to bring more Universal Justice and essentially Decentralization to Blockchains. https://medium.com/@mmalmi/learning-to-trust-strangers-167b652a654fSo, with Analytic Tools, just a thought. If there could somehow be built in features in any backend Analytics Tool that measure things like who is giving the most upvotes to the lowest historical BP rewards record accounts; or whose votes have gone to accounts that have then gone on to curate to the lowest rewarded accounts (kind of like who sired the most beneficial curators). This way there could be like a lean towards finding those with the least historical BP rewards by all high BP accounts, because they would appear on the chart. Kind of like Karma and the Law of Dharma. Alms. There was a description of Karma that may help describe the concept. So if I curate simply seeking people who will return upvotes, I benefit a small group of active curators and I likely seek out high BP users, this is a Low Karma/Quick Returns model. If I simply seek out the Poorest and give them the most, I am now in about a 50/50 Karma/Returns Model, with a hit taken to returns. But if I curate those, who in turn themselves become active Curators holding and leveraging BP, this is more like 100/100 instead of 50/50. Not only am I giving Poor people money, I am building a Charitable community of Curators. And an example of how this helps. 1. In the obvious way, the more I seek out low BP users the higher I am ranked on the page for that 2. If I am a Whale, and I want to rank up in model 2. Maybe I just bought my BP, or was part of the airdrop and am coming in late, or whatever the reason is they are a low ranked whale. That whale can seek out users whom are at a similar or higher rank to themselves, and support them, which then in turn raises their rank. So it still allows for people to seek out active Curators who may return a vote, but they also then are supporting people based not on BP levels but their community activism. This new Whale is now lead to vote for effective community organizers, in order to raise his rank to match his Whale Peers in the siring charts. This could also be built into some kind of general Ranking System. Like how Reddit has Karma, but that it a different concept similar to BLURT or STEEM with no trade value. But like how Bitcointalk or many other forums have like "New Member", "Senior Member", "Moderator", like this Discord Chat and the Facebook group too, BLURT could have like a non-Static Rank. The Dharma, Model 50/50 and Model 100/100 would also support not powering Down. Because if I have low BP and I am new, and I start getting votes when there are 500,000 users and Curation gets difficult. This new low BP user is encouraged to participate in the ranking system, regardless of how low their rank is because they want to get the good votes. If he Powers Down he isn't being Sired, and is kind of lowering his stock. A Fresh users who saved as much as he can raises his stock. This could possibly even be part of a system where the Poorest users (in terms of rewards) over time are measured. So that if I cash out all my BP right away I lose my stock, but if I get no good votes over 1 year, maybe now I am back higher up in the ranking. And BLURT Bots would be built measuring those Charts. And the "stock" would be natural if everything else was measured. 1. So, by being new I have a setting, because time being measured would be good also. The longer I am on, the higher my score goes, the more BP rewards I get the lower it goes on the Poor Rank Chart. 2. But with higher BP rewards, turned around to vote on the Poor Charts, raises me in the Siring Charts. 3. The higher BP I get, with higher subusers in turn trying to hold BP to vote on the Poor Charts, and the whole Poor Chart knows they can curate to get up in the Siring Charts, so everyone's "Stock" is built in. The Siring Charts could include maybe a tab setting or dropdown option to see: Highest BP Sired ever, to most Low BP Users, to most BLURT Users Generally, to BP that never Powered Down, most New Users, most Forgotten Users. And people would use these, try to be on these, and create Bots that read these for them. Then like (# of votes × user BP, continued, meaning, to whatever layer, this should start with a # of users × user BP gained by those users, then this should repeatedly look back to that same calculation like a pyramid chart where # of users voted for × BP gained by those users) then your rank in that chart × X The Pyramid chart first means whoever's underlings hold the most and use it, raises that person up. So (# of users voted × BP gained, continued) × New Users Voted Or (# of users voted × BP gained) × ((time on platform for vote receivers × last post newer higher weighted) / rewards ever) So new users Sired rank, and most needy sired rank. This also creates rarity and numismatic value. The Model of "Merit, as we see it" is basically just a little club, and certain people earn the most. "I'm a Whale, jump through my hoops and then you can get a fair shot. In fact, I am giving you a fair shot by letting you jump through my hoops... unless I don't like you" That is Merit on a Subjective basis like this with no Constitutional Directive of Meritous Rights. It is a Club. If populace based Poorness and Charity are commodities, then suddenly there are more BLURT holders and not just a Club. With the Expanse of BLURT further than that of STEEM, it promotes the scarcity model. Each person individually values their's more because they have a different share of the Pool. This was written over 100 years ago in a Spellbook       The Columbia Effect: The word Columbia comes from Christopher Columbus. Washington DC means District of Columbia and BC means British Columbia. Even though Columbus discovered the Bahamas, which is why the Caribbean Islands are called the West Indies (He thought he was in India). He was pretty much lost, but now his name is the basis of many of our regions names and Coffee, Marijuana, Tobacco & Jalapeño peppers can be found almost anywhere in the world. Hellenization: Hellenization was a period of almost 500 years just after Alexander the Great died and just before the life of Jesus. Alexander the Great went to various countries and took control of them in various ways and after he died all of those kingdoms (From Greece, to Egypt to modern Pakistan) had a ton of Technology and Resources to trade with each other, as well as various wars which eventually led to the Roman Empire taking control of it all. An example of the changes are Statues in India, there were no Statues before Hellenization brought the idea there. A specific example is The Buddha who was depicted as an Empty throne or as Footprints in sand before Hellenization. The major changes in Greece came from 2 books, one was called Babyloniaca and the other Eagyptiaca or The History of Babylon and the History of Egypt. This brought Zoroastrian Astrology into Western Science which later became Astronomy and it brought the entire Egyptian history (pretty much the same information we have now) to the Greek world, an example of this is the word Dynasty which was invented in the book Aegyptiaca. The Kula Ring: The Kula Ring is a system of trade that is the best example of a Gift Economy (it is used as an example in Anthropology) and it exists within a Tribal Religious system. It is also the best example of people going out onto the ocean with nothing but a small canoe or raft or reed boat and make long dangerous journeys for very little in return. It exists between a small group of Islands and the members of the various tribes will do things like take a load of Necklaces made of white sea shells and then make the dangerous journey simply to trade them for Bracelets made with red sea shells. The tribes do connect in this way and are able to create relationships for future trade. A merchant weighs money in a pair of scales and distributes it to the needy and distressed. Signifies gratification. Reversed, the card represents desire, cupidity, envy, jealousy and illusion. https://en.m.wikipedia.org/wiki/Six_of_Coins Karma could be brought in various ways. 1. It could be done standalone as an Analytic Tool like Steemd as a Visualization of the Blockchain with Purely Analytical value where user accounts are linked where they appear, I can go into the charts and find who I want to help. Like Cryptofresh with Rankings. 2. Then, it could also be done as like an Blurt.blog Blurt.buzz Blurt.world with the Analytics Tools and Rank Built in, maybe even a Bot or many little Scripts to automate your account. 3. Then, it could be done like DTube or APPICS or as a more integrated Multitoken system. Also with the Analytics and maybe Bots. So, at some point in the past Steemit had an issue where most people could not earn enough to mean anything. So they created a Protocol on the Blockchain by which Smart Contracta could be made, like ERC20 Type Tokens. https://chainbulletin.com/steemit-releases-token-launching-protocol/https://youtu.be/w3acqauTdhcThese Tokens are currently one of the best options for a company with little to no resources to create their own Cryptocurrency, and growing it by building a community on Steemit. ERC20 Tokens are more complicated because they are not as liquid upon creation, require some coding knowledge, require Ethereum Wallets which themselves are a barrier to entry for the non-tech savvy, and are not connected to a Social Media Crypto earning platform. Ethereum dApps are for Ethereum Miners to use, others coming in are extra really, there are others but they are Buying gas power and learning Ethereum. Graphene SMTs are on Steemit, a much better GUI model. If you have skill as a Programmer and want to Upgrade BLURT, these are the Steemit git Repos for Smart Media Tokens (SMT) which are now most well known from Steem-Engine/Hive-Engine Tokens made by Aggroed, DTube and APPICS (Scot Bots). If you were to implement any of this, you could then announce it on BLURT and both earn BLURT and Trade Tokens for BLURT. You could be the BLURT Aggroed: https://github.com/thilobillerbeck/awesome-steemhttps://github.com/harpagon210/steemsmartcontractshttps://github.com/harpagon210/ssc_tokens_historyhttps://github.com/holgern/steem-scothttps://github.com/ledgerconnect/steemconnecthttps://github.com/selmi-karim/steemitgramhttps://github.com/steemit/smt-whitepaperhttps://github.com/mukai154/webblen-ioIf anyone wants to help Build the Future, I added a question on Quora regarding creating Smart Media Tokens (SMTs) from github meant for Steemit, by forking them to BLURT https://www.quora.com/unanswered/How-do-you-Build-Smart-Media-Token-gits-on-BLURT-a-Graphene-OpenLedger-Bitshares-Steemit-based-BlockchainI am sure someone will accomplish the task of creating SMTs on BLURT at some point, and earn themselves plenty of money. But if the process could be explained on Quora, or at least discussed, then people will have a good starting point for Future Graphene Token Projects. I will continue to add more and more information to BLURT discussions so that there is even more that can be achieved by the community. Because when you go on Google and search "BLURT" and just keep scrolling and reading, for hours and hours, this is what you will find, and this is what you were looking for. I am putting together information to create the Future, by letting other people find it all in 1 place. There could be various categories, like: Who has the most BP given out to people who then gave out the most BP to others, but that first layer is only counted by those still under 5,000 Then there would be an unrestricted one, and maybe 20,000 and 100,000 So now you can see who is doing the most where. And all the Whales sift through these lists looking for their next big jump in numbers by selecting those people that do the most Megadrive said >@Tokenista it can't just be a game about the most needy, they have to put out good content to vote as well, upvotes need to match content otherwise it breaks proof of brain. @Megadrive that would also exist. If I follow someone I still have my feed. When Steemit started there was no feed, so in terms of Gamification all you could so was follow the Trending page, Use the Hot page, and the New Page. You can think of the New Page for Blogs as similar to the Poor list. The New page is a "Game" where I am looking for the newest best content. So we have that already. And we have the Hot Page and the Trending Page to Vote on. So we are not removing those. Dan and Ned added following each other and a followed users selection for the feeds. So that made it like a friendship Gamifucation thing, where now if I can peak your interest, you follow me, I show up in more peoples feeds. Then Hive Communities and Steemit Communities. These gamified Friendship again, in a way where instead of getting followers yourself, you get them for a more abstract account called a Hive, and it has a name and a description and everyone can organize themselves by interest. Gamifying Charity would just allow everyone who creates an account to participate. Plus, if the Algorithm is: (# number of users × BP gained) x most needy, your rank goes up as you select people who are getting the most done. And if someone has a community of people forming around them, they likely aren't posting something other people don't want. There would be a whole gap in the Poor list and the Siring list, where if you don't want to be back at the top of the poor list and waiting for it, but instead you want to be ranking up so whales want to vote for you. You have to become someone that other people come to. So it wouldn't be a Autowhale maker, the Poor list is not a future Rich list. They will just not be left out. If there were a Karma project, in any way, it would be like a Front End or a Scot Bot Token and the Karma concept would just be like the Free Coffee and Doughnuts of BLURT. To expand on the Graphene Blockchain Karma Concept. The base formula holding up everything is: Number of people x Amount of BP earned by other accounts any individual votes for from the time this person first votes This goes in a Pyramid, so that all persons are timestamped, and even if everyone votes for everyone, someone is still at the top and someone at the bottom based on when they voted. This can be made more precise by adding a most recent vote weight so that each individual is rated on the above criteria if early vote, but their ranking goes higher for recent votes. Exact BP earned from the Sire could also be included. From there it is calculated for the most needy.
(# of users voted × BP gained) × ((time on platform for vote receivers × last post newer higher weighted) / rewards ever)Then from there, a value can be added to various other things, just as an example, a new user could be given a weight of 100. And that number is divided by their total rewards to determine their neediness value. Then Time joined maybe goes up by a value of 1 every day, so by day 100 your neediness is 200/total author rewards. Then you weight the Siring charts with the Neediness Values under the Sires. My BP earned over time, and recent vote from my Sire, etc, all of that correlates directly to the Neediness Values. I become less needy as I am Sired and now want to raise my own value in the siring charts. These Charts, like a top 100 Music Board list with linked accounts presented based on Neediness and Siring. These Rankings Boards are Analytics, they can be combined with my Dashboard where I view Highest Post Views, How Many Views I got this month, How Many Followers I got, how many etc, etc, etc. Like YouTube or Google Analytics, the Analytics for Neediness and Siring should go there. This could then be in a Scot Bot, or Smart Contract. This could be done many ways, but a Token could be rewarded to any number of various wallets, if not a Scot bot maybe an Ethereum or TRON wallet. It would reward people based on their ranks in the charts. And they charts could include various things. The Charts could be combined with Scripts or Bots, like SteemAuto so you log in and put your account on Autopilot and check your Karma Balance. Or it could be like DTube. But you are rewarded for your Rank, and various other defined tasks or achievements. This would be a Token, the traded itself, so people can further possibly have a weighted rank on the Scot Bot, tied to their chart ranks and their Karma Holdings, and people could buy Karma and get more done to then expand your reach to help others and raise your BLURT.  "This life of yours which you are living is not merely a piece of this entire existence, but in a certain sense the whole; only this whole is not constituted that it can be surveyed in one single glance. This, as we know, is that sacred, mystic formula which is yet really so simple and so clear; tat tvam asi, this is you. Or, again, in such words as 'I am in the east and west, I am above and below, I am this entire world" -Erwin Schrodinger "All perceptible matter comes from a primary substance, or tenuity beyond conception, filling all space, the Akasha (आकाश) or luminferous ether, which is acted upon by the life giving Prana (प्राण) or creative force, calling into existence, in never-ending cycles all things and phenomena." -Nikola Tesla "I go to the Upanishad to ask questions" -Niels Bohr Just btw, I was making 6 BTC per month in 2013/14 when the Bitcoin Foundation attacked the Bitcoin Town concept and myself, so it's like 6 years of lost wages at 6 BTC per month, and the Anti-Trust Issue ontop of that. Basically, Quo Warranto |
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Tokenista (OP)
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April 04, 2021, 01:55:07 AM
Last edit: April 04, 2021, 10:17:11 PM by Tokenista |
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I will start this next section with Sweatcoin as PoC, it is a great example for various reasons. 1, a simple Scot Bot would make it all real (if they never got on a blockchain, I am not sure), but Sweatcoin had a great launch and people earned it everywhere, but Sweatcoin was not a Cryptocurrency. Sweatcoin was created as more like a Game Token, like Points in a video game. The best way to understand what a Cryptocurrency should not be is by understanding that Points are in concept Infinite, they, similarly to Cryptocurrency, could technically be limited, I could create a Points system with limited points. I could create a game map with 500 gemstones, but that game map has no regulatory body there is no Gravity to the Points system like Cryptocurrency. Cryptocurrency, both Tokens and Coins, are Blockchain based, meaning there are nodes, and a Ledger, an Ledger that can not be gone back through and edited, and while a True Cryptocurrency (meaning the Prime native Currency earned in the Blocks of a Blockchain as you mine it, PoW, PoS, or DPoS) should not have a function where the creator can manifest new Coins, a True Cryptocurrency will come from a Blockchain. Any large mass of Coins owned by the creator should be on a ledger and not manifestible later, CryptoNotes have no ledger but still operate on this basic principle that the Nodes are a Ledger, and the Coin is not Owned by a Central body that Issues new ones, but a Blockchain. Crypto Tokens, are usually Smart Contracts. First conceptualized as Bitshares Assets from what I know, and Mastercoin, CounterParty somewhere and then ERC20, then all the SMTs, etc came from ERC20 Smart Contracts. But the Contract may allow the Creator to issue new Tokens. A Token is on a Blockchain, moving Transactions on top of whatever Blockchain. Mastercoin and Counterparty are on Bitcoin, there were also Colored Coins. Then Steem-Engine is on STEEM, a Graphene chain. Hive-Engine is on HIVE. ERC20 is Ethereum, TRC20 is TRON, and on and on. So now to Use casesA Studio Booth Token as example of Access Credit, earned by listening and sharing Music from the Studio. If you have a Recording Booth, and you want to earn more. You can host a Blockchain from the Studio, that people can mine from anywhere, or a Token they can earn on a certain Blockchain. This Token could be earned on your Website as either a custom thing (GitHub has good resources, people have tons of good stuff to fork) or on Steemit or HIVE, so they then have a World Wide community earning by interacting with their music, recorded by them, and anyone who wants to can bring it in and get recording time, so it creates a larger community. People will buy things from each other outside of your knowledge, someone might trade a pair of shoes for 6 hours of recording time. It creates a whole new way to interact with your business outside of direct service or sales of any kind. An Access Credit Currency should be named in a way that makes it clearly recognizable by a newcomer, there could be one Currency Brand from a Studio in NY or Miami called "Hours", maybe they are associated with a big label and they sell $5,000 each on the market, and people hold them like Bitcoin, maybe there is even a 2 year wait list when you redeem. They could be NY Hours, Miami Hours, Jay Z Hours, whatever brand they are associated with. And a smaller Studio, or any big Studio, could sell Minutes. A Cryptocurreny could be called MINUTES or NYMIN and MIAMIN, etc. Then there could be the LAMIN, or LAHR come out, and it could even be Studio to Studio Label names on the Minutes. Someone could come out with Seconds, and these would all range in value based on the Studio, the rate of Pay for those earning, etc, etc. The benefits of getting deep into planning is DAOs as an example, a DAO is a Decentralized Autonomous Organization (DAO) which can best be compared to a massive board of Directors made up of each and every person holding a Currency. A DAO gives users the ability to Vote and shape the future of a Currency or Blickchain by weighting their input to the organization to their Cryptocurrency holdings. So if people are earning Studio Currencies like NYMIN, LAMIN, MIAMIN, etc, the people who don't spend them can help shape the future of the currency, because it will grow and people will use it outside of your Studio, outside of your DAO, they will create ways for people to spend it. DeFi is an entire concept where coins other people invented or cloned, are pumped through Smart Contracts in a way that technically multiplies them as they are locked in Bank type investment Contracts, with Loans taken out on the Contract to pay for more Investment on Bank type contracts, to take out more and more loans. The creators of the Currencies never planned it. There is an App for Temporary workers called JobStack that does with the company PeopleReady, and you go on and look for Jobs. Someone like Veryable or other companies could compete (or they could use it) to get more jobs and workers by having a Currency that pays workers, to be available or working and diminishes if you refuse specific jobs after claiming availability. Or if you are just doing it to earn. These could also then be used to pay for projects, turning workers into Employers, and helping existing Employers have a way to maybe buy Low and cash out High on Labor speculation. The Minutes could end up being used in many places. Tokens for Museums, Zoos, Wildlife and Security Cameras could be used the same way. The Government and others could pay people to watch cameras and report things. It would be like a game to help with Security. People love watching certain Pandas, or Dolphins, and they could have earnings to show for it. Someone might say "Participation Trophies", and sure, but you can buy everyone's up and drive up the price if you want. It is a Currency, a Current. The Tax Law in the U.S. Amendments can best help you understand Currency, it says that The Governent may Tax "Income from any source derived", US Constitution 16th Amendment: "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."Eisner V Macomber: https://supreme.justia.com/cases/federal/us/252/189/case.html"The fundamental relation of "capital" to "income" has been much discussed by economists, the former being likened to the tree or the land, the latter to the fruit or the crop; the former depicted as a reservoir supplied from springs, the latter as the outlet stream, to be measured by its flow during a period of time. For the present purpose, we require only a clear definition of the term "income," as used in common speech, in order to determine its meaning in the amendment, and, having formed also a correct judgment as to the nature of a stock dividend, we shall find it easy to decide the matter at issue. After examining dictionaries in common use (Bouv. L.D.; Standard Dict.; Webster's Internat. Dict.; Century Dict.), we find little to add to the succinct definition adopted in two cases arising under the Corporation Tax Act of 1909 (Stratton's Independence v. Howbert, 231 U. S. 399, 231 U. S. 415; Doyle v. Mitchell Bros. Co., 247 U. S. 179, 247 U. S. 185), "Income may be defined as the gain derived from capital, from labor, or from both combined," provided it be understood to include profit gained through a sale or conversion of capital assets, to which it was applied in the Doyle case, pp. 247 U. S. 183-185. Brief as it is, it indicates the characteristic and distinguishing attribute of income essential for a correct solution of the present controversy. The government, although basing its argument upon the definition as quoted, placed chief emphasis upon the word "gain," which was extended to include a variety of meanings; while the significance of the next three words was either overlooked or misconceived. "Derived from capital;" "the gain derived from capital," etc. Here, we have the essential matter: not a gain accruing to capital; not a growth or increment of value in the investment; but a gain, a profit, something of exchangeable value, proceeding from the property, severed from the capital, however invested or employed, and coming in, being "derived" -- that is, received or drawn by the recipient (the taxpayer) for his separate use, benefit and disposal -- that is income derived from property. Nothing else answers the description. The same fundamental conception is clearly set forth in the Sixteenth Amendment -- "incomes, from whatever source derived"-- the essential thought being expressed with a conciseness and lucidity entirely in harmony with the form and style of the Constitution. "
"It is manifest that the stock dividend in question cannot be reached by the Income Tax Act and could not, even though Congress expressly declared it to be taxable as income, unless it is in fact income."
"Gibbons v. Mahon, 136 U. S. 549, 136 U. S. 559-560. In short, the corporation is no poorer and the stockholder is no richer than they were before."
"And if, for the reasons thus expressed, such a dividend is not to be regarded as "income" or "dividends" within the meaning of the Act of 1913, we are unable to see how it can be brought within the meaning of "incomes" in the Sixteenth Amendment, it being very clear that Congress intended in that act to exert its power to the extent permitted by the amendment."
"Just as we deem the legislative intent manifest to tax the stockholder with respect to such accumulations only if and when, and to the extent that, his interest in them comes to fruition as income, that is, in dividends declared, so we can perceive no constitutional obstacle that stands in the way of carrying out this intent"
"[The 16th Amendment] did not extend the taxing power to new subjects, but merely removed the necessity which otherwise might exist for an apportionment among the states of taxes laid on income. Brushaber v. Union Pacific R. Co., 240 U. S. 1, 240 U. S. 17-19; Stanton v. Baltic Mining Co., 240 U. S. 103, 240 U. S. 112 et seq.; Peck & Co. v. Lowe, 247 U. S. 165, 247 U. S. 172-173. "
"In order, therefore, that the clauses cited from Article I of the Constitution may have proper force and effect, save only as modified by the amendment, and that the latter also may have proper effect, it becomes essential to distinguish between what is and what is not "income," as the term is there used, and to apply the distinction, as cases arise, according to truth and substance, without regard to form. Congress cannot by any definition it may adopt conclude the matter, since it cannot by legislation alter the Constitution, from which alone it derives its power to legislate, and within whose limitations alone that power can be lawfully exercised."
"We are clear that not only does a stock dividend really take nothing from the property of the corporation and add nothing to that of the shareholder, but that the antecedent accumulation of profits evidenced thereby, while indicating that the shareholder is the richer because of an increase of his capital, at the same time shows he has not realized or received any income in the transaction."
"It is equally true that, if he does sell, and in doing so realizes a profit, such profit, like any other, is income, and, so far as it may have arisen since the Sixteenth Amendment, is taxable by Congress without apportionment."
"Thus, the government contends that the tax "is levied on income derived from corporate earnings," when in truth the stockholder has "derived" nothing except paper certificates, which, so far as they have any effect, deny him present participation in such earnings. It contends that the tax may be laid when earnings "are received by the stockholder," whereas he has received none; that the profits are "distributed by means of a stock dividend," although a stock dividend distributes no profits; that, under the Act of 1916, "the tax is on the stockholder's share in corporate earnings," when in truth a stockholder has no such share, and receives none in a stock dividend; that "the profits are segregated from his former capital, and he has a separate certificate representing his invested profits or gains," "
"We cannot disregard the essential truth disclosed, ignore the substantial difference between corporation and stockholder, treat the entire organization as unreal, look upon stockholders as partners when they are not such, treat them as having in equity a right to a partition of the corporate assets when they have none, and indulge the fiction that they have received and realized a share of the profits of the company which in truth they have neither received nor realized."
"Thus, from every point of view, we are brought irresistibly to the conclusion that neither under the Sixteenth Amendment nor otherwise has Congress power to tax without apportionment a true stock dividend made lawfully and in good faith, or the accumulated profits behind it, as income of the stockholder. The Revenue Act of 1916, insofar as it imposes a tax upon the stockholder because of such dividend, contravenes the provisions of Article I, § 2, cl. 3, and Article I, § 9, cl. 4, of the Constitution, and to this extent is invalid notwithstanding the Sixteenth Amendment."Rewards Points, Game Tokens like in individual games or as in an arcade, as well as Augmented Reality Access Credits (Decentraland, ex), and Tokens that are a game like Gradients (CryptoKitties), or dynamic like a hot potato with PoS qualities. Tokens may also work as Keys in the Access Credits model, but could be used to Unlock things as in Kerberos. Decentraland is a Virtual Reality space that sold property and has a Currency, and from my understanding of the original concept they intend it to be freely selected by the people, but for each area to be different. Like where you can go to different styles of places, or like time period themes, or maybe games v. social, etc. So this same concept can be used at Festivals, or like someone could do it at a Theme Park in place of the E-Z pass, or on top of. The E-Z pass people could probably make a very very successful currency. The Bitshares Asset concept was originally meant to be like Concert tickets, Coupons, etc. But they are like Brownie Points now, but they are the same type of thing IBM uses for their NFTs. Continued soon... I don't even see what Facebook thinks makes this ok, their Justification has to be something like "our Algorithms", then when we get in to Market Surveillance they will have to admit they hate Black Women who do things on their own, they wanted to do what my Wife was doing, and in some twisted stroke of fate... they decided the best action was to actively suffocate my Wife's business so they could steal what we were doing, instead of trying to beat us at it.https://www.diem.com/en-us/  |
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yua_na
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April 04, 2021, 06:31:55 PM |
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DeFi is heading to good direction but still many new comer fall in to scam DeFi and they got ruggedpull. DeFi is just like bank or money changer but in decentralised way. Staker who got vote power is like stake holder on that platform.
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Tokenista (OP)
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April 05, 2021, 06:38:30 AM
Last edit: April 05, 2021, 07:53:40 AM by Tokenista |
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Basic Attention Token (BAT) and DTube as existing PoC for Attention Tokens, the idea is just then now to actually apply the concept to Corporate Currency as in applied Local Economics, or State Economics, or Interstate Economics. BAT is a Token on a Browser that sounds great at first, but has an earnings model where you earn but have to use it to Tip web pages, then they can cash them out. And while this keeps the Tokens locked in as forced to move through the Tip functionality, this does limit user acceptance and retention. DTube is similar but better, it exists on top of HIVE (it was originally on Steemit) so not an entirely new browser everyone has to download, and you earn it alongside HIVE, then it also has a larger community, and itself is like a YouTube tip Token for "Decentralized Tube" (DTube). It is a Token in the Scot Bot model.
The Access Credit is like Mining for Coupons or Tickets, and can be compared to Basic Attention Token with other qualities as it is used as a Access Credit.
Steemit is a rough clone of Reddit, meant to look and work like it
Gems (not really in use now) is Telegram, this could be used by someone to create Apps. Go get the Gems Github on Google and Fork it, and build your App, called a dApp.
DTube is YouTube.
More could be remade with Blockchains and Tokens, I have seen an Instagram.
APPICS is an SMT that was built on Steemit and works like Instagram kind of.
Home Town Currencies
Starting with no local shop acceptance but a main goal of local shop acceptance, you would either make a Token or Clone ETH and have friends help distribute. If you are not sitting on Millions to start your project or able to do an ICO properly to get it, then the very best thing you can do is to Give them away for Free so more and more people can hold it and share it. You want ambassadors, and people just handing them out maybe as a group of people mining your coin giving it away and teaching others.
Petitioning Companies to accept your currency, and exchanges to list it, the more Token holders the better. You can ask the Coin or Token holders to petition exchanges to join, and you can get listed for about $1,000 or less on some exchanges. You do want to be on an exchange before you start asking companies to accept you as money, but you can then go to local shops and show them your currency.
Truancy Token as an example of an Access Credit, this would be done with a School or Corporate Office, and it would work like Vacation Benefits where the person earns rewards for appearing at work or school, and they then can use those to access Graduation or Promotion, and they can also go on an exchange to be sold, or technically if the Company wants they could be bought and traded for rank. But in the school model they would be a reward that could then maybe be traded in to the school for prizes, for example it could be a booster club currency.
Example: App where people are paid to lose weight, people could sign up, track their progress with images for everyone, there could even be weigh days where people are running around the app getting paid to Verify others, and those getting Verified are getting ranked based on IoT scales or FitBits, etc, that can be used to measure. So this way it is both a "lose weight and earn" with payment from the blockchain, plus a place to get paid for casual fitness, as well as rankings and payments for all users. There are a few currencies like this on Steem-Engine and Hive-Engine, similar to APPICS. Maybe the more you hold the more you earn when Verifying others, as a HODL draw for Buy Support.
Festival Currencies
With 1 Currency or with DEX, meaning either the overall caravan company would create a currency or each company would start making their own and the caravan or someone else is manufacturing them. But the central festival body would create a DEX if there were many (or use Hive-Engine), while with 1 Currency they could go on an exchange and say "there it is". These could then have an Access Credit, used like State Fair Coupons to be spent with Vendors or Events. Like a SXSW coin could be used to pay for access more granularly instead of buying larger passes, like maybe you just want to see 1 big keynote and go home. You can pay just for that.
Industry Currencies
These Tokens and Currencies would be industry specific, so several applications exist, and the best reference is Trade Unions and Credit Unions. But we can start by looking at IBM and their applications of the OpenLedger Fabric framework, to create the Diamond and Fish NFTs. If we have these in our mind, we can now see how these items can be traded on the exchange, but this requires a central body verifying that there is some value stored somewhere in that item.
For example, if it is a Diamond, it could be traded speculatively on a Diamond somewhere in the world that can be traded, but if I only have 500 Diamond Coins on the market those might be held by 100,000 people holding fragments, and it may raise passed any reasonable sale price for Diamonds and would be stupid for someone to trade in for the less valuable Diamond. And this concept could then be used to pay Stock Dividends, or to represent shares in a Company giving DAO voting capability.
You could also Clone ETH and as an example, a Grocery store, Farmer's market or Farm could create the ETH clone. They then focus on finding people to create dApps for use in the industry, and it would be like "insider knowledge" for store clerks to go home and set their laptop up, or buy an ETH rig to mine this easier to mine coin (at least at first it would be easier than ETH). They then would campaign to have more and more companies in the industry, and farms, accept it.
Farms and Markets, and larger Farm Corporations could create Tokend on the ETH chain. The issuer could then also issue Tokens with a Bridge Toll, knowing next year the Farms can produce that amount (like a Nileometer) to then be withdrawn later. And this will be possible anyhow as many people will Buy and Sell the coins on the market with no intention of ever trading them in, just Capital Gains.
Fundraiser Currencies
For Large Organizations, I see NASA as a good example. They could Pre-mine 50% before launch, launch it and ask people to Buy and HODL, while promising only to dump when buying things all the HODLers want, and they can buy everything up cheap on NASA dump days, to then trade on other days.
In Gibbons v. Ogden, 22 U.S. 1 (1824), the Supreme Court held that intrastate activity could be regulated under the Commerce Clause, provided that the activity is part of a larger interstate commercial scheme. In Swift and Company v. United States, 196 U.S. 375 (1905), the Supreme Court held that Congress had the authority to regulate local commerce, as long as that activity could become part of a continuous “current” of commerce that involved the interstate movement of goods and services.
More coming soon...
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slaman29
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April 05, 2021, 10:03:07 AM |
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Think you should start shortening the posts because I had to scroll way down to find the new reply... Truancy Token as an example of an Access Credit, this would be done with a School or Corporate Office, and it would work like Vacation Benefits where the person earns rewards for appearing at work or school, and they then can use those to access Graduation or Promotion, and they can also go on an exchange to be sold, or technically if the Company wants they could be bought and traded for rank. But in the school model they would be a reward that could then maybe be traded in to the school for prizes, for example it could be a booster club currency.
Pretty crazy to think of the projects all coming up but I see projects like these as all regular crypto use cases, NOT Defi? I mean what's the financial product or service aspect of this Truancy token? It's not a network or service per se, just another tokenized version of something else. And it's not a great use case I'd say plus it's a very bad choice for a name. Truancy is the opposite of attendance and you shouldn't get recognition for attendance in financial terms IMO. |
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Tokenista (OP)
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April 05, 2021, 10:40:53 AM
Last edit: April 05, 2021, 11:08:38 AM by Tokenista |
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Think you should start shortening the posts because I had to scroll way down to find the new reply... Truancy Token as an example of an Access Credit, this would be done with a School or Corporate Office, and it would work like Vacation Benefits where the person earns rewards for appearing at work or school, and they then can use those to access Graduation or Promotion, and they can also go on an exchange to be sold, or technically if the Company wants they could be bought and traded for rank. But in the school model they would be a reward that could then maybe be traded in to the school for prizes, for example it could be a booster club currency.
Pretty crazy to think of the projects all coming up but I see projects like these as all regular crypto use cases, NOT Defi? I mean what's the financial product or service aspect of this Truancy token? It's not a network or service per se, just another tokenized version of something else. And it's not a great use case I'd say plus it's a very bad choice for a name. Truancy is the opposite of attendance and you shouldn't get recognition for attendance in financial terms IMO. Lol, Not shortening posts. They might get longer. These are DeFi because they will be used in the Token ecosystem to support DeFi, and DeFi will go back into this. Plus, DeFi is getting into earnings. POL Token, TRX, etc, it is mostly about earning Tokens, etc. TRC20 and ERC20 are the center of DeFi. So what has to come next now is real world use, not just Crypto exchanges. Truancy would be what the Token is recording, and the Truancy Token exists to track attendance and truancy, so it would then go into a larger system that was attached to the students, they would earn it for attendance, but the system would focus on Truancy and stopping it. Truancy Token would be called like Abraham Lincoln Highschool Token. Or the Mascot, etc. BAT is already Truancy Token with no end goal for the user. These are just ways for DeFi (Finance, coming from each other through Crypto community and cooperation) to Finance companies and towns. DeFi means Decentralized Finance, these are examples of Finance distribution. Just as an example, Steem-Engine and Hive-Engine are DeFi before DeFi existed, so is XRP. The Coming Production of Magic Hygeia:
We have several things getting started right now, so I want everyone to be up to date. First, we have over 100 Bars of Soap made, and I personally am expanding the Human understanding of the Concept "Punic Wax", which is the Product of Beeswax Boiled in Sea Water, so we are writing an Ancient History of the Punic Peoples (Hanno the Navigator, etc).
What we are doing now is getting materials to make several thousand of Bars of Soap, as well as Beauty Oils, and Incense Cones. But we are using Ingredients with a heavy Magical or Spiritual Affiliation, many of which are not found in modern Soaps. We are also using several existing things like Coco Butter, Shae Butter, and similar materials. I will get into dpecifics as everything is made. We will post pictures of the Manufacturing process on Steemit, BLURT, HIVE and Instagram and we will be accepting STEEM, BLURT and HIVE for our products.
I will get into more detail on the ingredients, the uses, etc. when we are posting the Products on Etsy, etc. And on the blogs.
We will be creating lines, or Products grouped based on Spiritual ties. For example, we will have a Punic Wax line in which we will mix the Wax into the Soap in various ways, maybe as a layer, maybe mixed all the way in, or as balls of wax added in during drying before cut. And we will then expand on the Punic Wax lines by both adding the Balsams, etc. And by altering the Recipes in other ways.
The other easy to understand examples are "Galen's Cold Cream", and "Egyptian Magic", we will be creating products consinstencies like that also, and there will be Soap lines, Oil, Cream, etc. Mostly based on Ancient Recipes.
And during this, we will be hiring Brand Ambassadors, Creating a Currency, and writing a Bibliotheca.
We want other people to do the same things as us, so I want to explain a little about what we are doing, and I then want in the future to see others in Spanish, Korean, Arabic, etc, doing the same thing. We are starting a Crypto Soap Market, what you see here is Lard, Vegetable Oil, Canola Oil and Olive Oil. Enough to make about a Pallet of Soap.  We also have lots of Lye and more coming, plus we are able to select ingredients very well on top of that, given my past experience. I even have a Federal Court case where the Police pulled me over with Thousands of Herbs, Spices, Powders and Seeds. They were confused, I explained my Religion, and there is even a video of them in the Police cruiser saying "Maybe he is right, what do we know", after the Narcotics Sargeant on the Radio just got done telling them to take it all to the Lab. Then about 2 weeks later they pulled me over with 1 lb of Edible Lime and Bettle Nut, and they thought it was Cocaine until they read my file. Then they took a sample and released me. That was 6 years ago. But I say all that to say, we will be making Hygeia with Ancient Recipes. Everyone should know that Canola Oil has a lot of benefit for how readily available it is, and that we are starting here and have several other Oils coming and that we will be using. We will even be starting by creating a mixture of Plant Oils, and creating a Skin and Hair Oil, that we will then also use in the Soaps, Creams, etc. And we will be trading these for STEEM, BLURT, HIVE, PUTI, PUCO, etc. As well as teaching people how it works so that we can then see others doing the same thing. I want others to see that Crypto is not just about buying and Holding, then selling at a Higher price, it is also a means of transaction, you can earn it and Buy things like Rewards Points, they can be used like Coupons, or Concert Tickets, etc. But we want to see them earned and traded for Soap. We want Soap to be part of DeFi. |
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Tokenista (OP)
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April 06, 2021, 04:54:35 AM
Last edit: April 06, 2021, 06:54:31 AM by Tokenista |
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How Institutions, Booster Clubs/Auxiliaries and Municipalities could work together, for example, for kids to earn a Truancy Token that acts as a Access Credit, but then can be cashed out by the students. So, if your School, say a University or individual School, or ISD. You have the Truancy Token or Chain, it works on a Scot Bot type Token, either on Hive-Engine, Steem-Engine (why doesn't the Chinese Government take advantage of their citizen owning Steemit, and use it as a University Tool?) or as an ERC20 or TRC20, or maybe OL Fabric. Your Token connects to a SaaS attendance system, something like HotSchedules, the Token then is a Smart Contract that works like ADP. But then, the City might have a Token, and maybe there is a Local Pizza Token, maybe Chic-Fil-a has a Token at this point and any of these people could give an allowance to the Schools for kids to choose to trade their Truancy Tokens for. So it doesn't have to be a Booster Club Token, it could be an NFT and be traded into an account to release other Tokens, hence Access Credit. This same model would work with Churches and Religions, and the Church could end up in both a Municipal and Institutional role. So could a large enough School, or a Company. People can earn Rewards for being part of anything. And this works very well in a Benefit Society type institution. Basically, the Currency is your online Coffee and Doughnuts/Donuts. The Punic Wax Network is what I am creating. It is going to be Mining Pools, Witnesses, as well as Mining for our own Clone of each and every type of Blockchain and Token. Then we will teach others also, and all of this will be on PunicWax.com We will have like: Mining.PunicWax.com DEX.PunicWax.com ScotBot.PunicWax.com Etc, etc. Bounty Tokens can be created to pay people, but have to be bought back. If you make a Bounty Currency you can go to Bounty0x.io and set up payments for Twitter posts, Facebook posts, etc. So people get paid to share about your Currency or Project. Proof of Solar Power and Proof of Trees planted Blockchains, like Proof of ID mining. PoS can be done in any way you choose. There have already existed early blockchains that paid you to Solar Mine BTC instead of using Electric Grid Energy. And one that gave you a PoS share for planting a Tree. Grid Coin paid people to add hashing power to Cure Cancer and AIDS. All the Cancer and AIDS cures and treatments come from people like my Family, who put laptops towards mining Grid Coin. (Proof of Stake v. Proof of Work), v. DPoS PoS means you get a Coin, a Share, and earn an Interest type growth depending on what % of the PoS Coin you own. The more you own the more you get. By holding a PoS coin, with an open wallet, staked, you are like a Bitcoin miner. You are moving the PoS Blockchain and the interest you earn is Block rewards for mining. This is much less Wasteful than PoW because PoW gets harder to mine as more electricity goes towards it. I will explain this and you will understand how Bitcoin started. If I clone Bitcoin and me and 1 Friend Mine it, we both get half. If we both add 5 laptops we are using more electricity but we both get half. So, now of me and this 1 other person have these 12 total laptops doing this, kind of wasteful, and another person joins with 1 laptop they don't get 1/3, they get 1/13. So now maybe they add 20 laptops, and they have 21 laptops out of 33 on the blockchain. But now the first 2 people each add 20 laptops because they don't like what they lost to the other new person. So you can see how this gets wasteful, And Butterfly labs made ASICs, which then became a whole Mining Industry and created Mining Farms. PoS has all this competition done within Staking, your Holdings are your Hash rate. 0% Premine means you didn't program any coins automatically in your wallet, or sit on it for days and weeks before making it Public. So it is fair, and everyone can get Coins and not have to worry about the owner killing his own Coin, selling lots and never buying anything. You can premine, but I would say like 5-10% max with a written plan for those. If you go higher than 10%, you better be handing out free ones or paying for someone to make things for the Community like Wallets, etc. 51% Takeover means someone owns most of it and can do whatever they want, usually this means time to sell and buy a new one before that holder sells all those. Coins "finding their Price" means that the community will grow past what it is on day 1 and more people inevitably means a more stable market with a real price emerging later and not on day 1. Also, as more people want it, it gets more rare. Bitcoin as a Gold Standard pegging the others to a value, mostly if Bitcoin goes up for you it is good for you, if it goes down it is bad for you, unless you can get those scared BTC sellers to buy your Currency with their coins. In which case it is technically possible to go up while Bitcoin goes down. If I only have $100 per day in volume of market sales for the Currency, and someone brings 1 or 2 BTC into the market ($100,000) then the price goes way up. Maybe then the daily volume goes to $5,000 and Bitcoin keeps falling while you go up. Block Number, how many Blocks exist on your whole chain at any given time? And how many total blocks? Block Reward, how many coins come out of each one? Total Supply how many coins will exist total in the end, when all your blocks are mined? With no Cap, no end date, it will hurt the value as it inflates into eternity. Halving Block reward over time is discussed later, meaning that over time less coins can be in later block segments, do the chain keeps on going and coins get more rare. Block Time, is Transaction times because it tells you how often a new block goes out to be found. So this is a massively important value because this tells miners how many coins they can earn (the less they earn, the more rare it is, the higher the value may go as those miners speculate). Block time effects how long your chain exists. If a Blockchain has 1,000,000 Blocks at 1 second Block Times, it has a 1,000,000 second life span. 1 min, it has a 1,000,000 min life span. 1 hr, it has a 1,000,000 life span. It could also be 30 min, or 5 min, or 45 min, etc. Difficulty, This means that as more people mine it gets harder as explained before. This also gets into Halving Rate. Bitcoin started with 50 in a Block and very few people mining, then more people started competing for those, so they became more rare but those early people had a bunch. Then it went to 25 per block, then 12.5 either recently or soon, and then it will be 6.25 BTC per block, etc, etc. DPoS, Witnesses and SRs are like a whole other thing. OL and Bitshares were first, it is a system where the Coin holders vote on who can mine (Miners are called Witnesses), instead of everyone mining. TRON does the same thing and the Witnesses are called SRs. This cuts down on electricity usage also. Mineable Tokens come in various forms, but there are ones where you can lock in Tokens, say ETH or TRON, to then Mine the Token. So you take your ETH or TRON, you send it to a Smart Contract that gives you mining hash rate in the contract, and you earn the Token. The more you lock in, the more you mine. This could be built on https://bitcointalk.org/index.php?topic=3180092.0https://github.com/PoWAdvfunction discountedMiningTarget(address solver) public constant returns (uint256 discountedDiff) {
// the number of coins owned
uint256 minerBalance = uint256(balanceOf(solver));
if(minerBalance <= 2 * _BLOCK_REWARD)
return getMiningTarget();
// the number of full block rewards owned
uint256 minerDiscount = uint256(minerBalance.div(_BLOCK_REWARD));
discountedDiff = miningTarget.mul(minerDiscount.mul(minerDiscount));
if(discountedDiff > _MAXIMUM_TARGET) //very easy
discountedDiff = _MAXIMUM_TARGET;
return discountedDiff;
}More coming soon... |
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Tokenista (OP)
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April 06, 2021, 06:28:08 AM
Last edit: April 06, 2021, 06:41:57 AM by Tokenista |
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Weaving Spiders, Come Here
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ivankoh
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Buzz App - Spin wheel, farm rewards
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April 06, 2021, 07:21:21 AM |
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With the DEFI's booming trend in the market this year, it has been shown that the inherent things from world finance have officially created this rally. It's long been predicted with discontent from the apparent, transparent demanded by central banks that continue to fail, be outdated, and ineffective. I think we are only in the early stages of the commencement of a complete global financial transformation. though, bitcoin is moving strongly to symbolize this rally. https://forkast.news/defi-decentralized-finance-cefi/?utm_source=rss&utm_medium=rss&utm_campaign=defi-decentralized-finance-cefi |
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slaman29
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April 06, 2021, 11:50:21 AM |
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Lol,
Not shortening posts. They might get longer.
These are DeFi because they will be used in the Token ecosystem to support DeFi, and DeFi will go back into this. Plus, DeFi is getting into earnings.
POL Token, TRX, etc, it is mostly about earning Tokens, etc. TRC20 and ERC20 are the center of DeFi. So what has to come next now is real world use, not just Crypto exchanges.
Phew! Thank you for the super long but thorough information, I guess I don't mind the length of these posts for as long as there are thoughtful explanations;) I still don't really see these things are more DeFi than Bitcoin (the true decentralized finance implementation to me) but okay, I get it, if DeFi in this case just means getting into earnings then fine, but as you yourself point out, what comes next is REAL world use (again why I say Bitcoin is the true implementation) not just people doing things on pancake and uni. |
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Tokenista (OP)
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April 06, 2021, 11:54:31 AM
Last edit: April 06, 2021, 12:08:07 PM by Tokenista |
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Lol,
Not shortening posts. They might get longer.
These are DeFi because they will be used in the Token ecosystem to support DeFi, and DeFi will go back into this. Plus, DeFi is getting into earnings.
POL Token, TRX, etc, it is mostly about earning Tokens, etc. TRC20 and ERC20 are the center of DeFi. So what has to come next now is real world use, not just Crypto exchanges.
Phew! Thank you for the super long but thorough information, I guess I don't mind the length of these posts for as long as there are thoughtful explanations;) I still don't really see these things are more DeFi than Bitcoin (the true decentralized finance implementation to me) but okay, I get it, if DeFi in this case just means getting into earnings then fine, but as you yourself point out, what comes next is REAL world use (again why I say Bitcoin is the true implementation) not just people doing things on pancake and uni. You are right, they called Bitcoin FinTech, but it was DeFi. I get your meaning, Satoshi Nakamoto did it anonymously, it grew independent of any organizational body outside of Github, and then was originally a Black Market dollar. But, if now Organizational bodies that exist, can implement currencies not just like IBM, but meant to be Wages, and Rewards, then DeFi would grow. It will continue as the new Capital becomes new Currencies. |
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Tokenista (OP)
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April 06, 2021, 10:38:36 PM |
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Just btw, I was making 6 BTC per month in 2013/14 when the Bitcoin Foundation attacked the Bitcoin Town concept and myself, so it's like 6 years of lost wages at 6 BTC per month, and the Anti-Trust Issue ontop of that.
Basically, Quo Warranto
This is like $200,000,000 USD Marti Malmi owes me. |
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slaman29
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April 07, 2021, 07:53:00 AM |
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OP, thanks again for the responses.
Well, they can call Bitcoin whatever they want, and yes the whitepaper of Bitcoin only says p2p cash but let's all be honest and admit it's the only one truly actually decentralizing finance. I am not a defi hater of course not but I think defi now is only for rich people (who can stake a lot of money and afford high gas fees) and not helping the unfinanced as it was supposed to. It really needs to fix that for it to work:)
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Tokenista (OP)
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April 08, 2021, 01:25:47 AM |
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OP, thanks again for the responses.
Well, they can call Bitcoin whatever they want, and yes the whitepaper of Bitcoin only says p2p cash but let's all be honest and admit it's the only one truly actually decentralizing finance. I am not a defi hater of course not but I think defi now is only for rich people (who can stake a lot of money and afford high gas fees) and not helping the unfinanced as it was supposed to. It really needs to fix that for it to work:)
There are a lot of problems in DeFi, but in all reality I think we will surpass all these challenges when we abandon the idea of Programmers being Gods, or in any way spectacular. Sure, Vitalik Buterin should get his props, Dan, Ned, Justin Sun, Satoshi Lite, etc. Doge Coin creator admits it was a simple clone joke. I used to emphasize Doge, and maybe that needs to be done again here. DOGE started as a Joke, "Very Money, Much Wow". The Creator was just making something for people to do. We need more programmers who are willing to take that Role, to be under another entity that already exists, not like Dan and Ned completing a contract, but like any of us here cloning DeFi projects for Loan Officers, or making a ETH Clone for a Local Herb shop. We need Humble Coin creators who can put things up for other people. That is why I am starting the Punic Wax network, to teach other people to do it for them themselves and others, with a kind of Help Desk community different from those provide by the Bitcoin Foundation. OP, thanks again for the responses.
Well, they can call Bitcoin whatever they want, and yes the whitepaper of Bitcoin only says p2p cash but let's all be honest and admit it's the only one truly actually decentralizing finance. I am not a defi hater of course not but I think defi now is only for rich people (who can stake a lot of money and afford high gas fees) and not helping the unfinanced as it was supposed to. It really needs to fix that for it to work:)
This is why I think Binance smart chain based Defi is now in far better shape. Pool/swap based platforms should always have lower fees to handle high volume. I suggest you to look into projects like Pancakeswap, burgerswap, bake etc. All of them have feels in cents literally. Once there is a Swap, actual Self Listing DEX with a Token Creation Tool, things will leap forward. |
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April 08, 2021, 01:42:53 AM |
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ETH Clones and Graphene are as Marketable and useful as OSvC or Azure.
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Tokenista (OP)
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April 08, 2021, 04:19:19 AM
Last edit: April 08, 2021, 05:11:44 AM by Tokenista |
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Attention Tokens can be best visualized by newcomers in the Basic Attention Token (BAT) proving how the name of a Token can automatically bring understanding as to its use, even with the kind of forced Tips by earners and new Browser which are both barriers to entry. The SMT model is much better, Smart Media Tokens (SMTs) were created when the Distribution of STEEM on the Platform became too strained, even with bots. So they had a Hard Fork in which a kind of node was opened to allow people to build on Steemit, because Graphene Claims like 1,000,000 Tranasactions per second or 100,000 or something, there was a lot of wasted Hashing power there, so they created the SMT framework which opened the door to Steem-Engine and APPICS, there was already Steemd. Steemit is like OpenLedger, and CryptoFresh is the Blockchain Explorer, the Ledger, for OpenLedger. Steemit works the same, then SMTs were built on top. So this framework locks you in the Steemit.com Ecosystem, now affiliated with TRON. But it is clearly easier for people to get into than Basic Attention Token (BAT), while BAT does automatically grab your attention. What I am waiting for is Steemit to host TRC Tokens.
Game Tokens could also work, from Video games (PGL/Fortnite V Bucks are comparable to each other to see the point where Game Currency, could be Market Trade Instruments), Forum, etc, to Game Tickets and Booster Clubs, to Unikoin with Marc Cuban investing is an example, etc, to Monopoly at McDonalds could easily be made into a Currency.
Mining Pools, supporting a Mining Project is almost like hosting a Currency, but you are opening a Node on another Blockchain. You open a Website, open a Node, use a Software from Github for a Pool, then people join your pool and together you gain hashing power like a Mining Farm, but from gathered hash rate all together. Then everyone gets paid but based on what they added to the Pool (from the software), the Pool keeps a fee, and the Software creator keeps a fee. When you join a Pool you can:
1. Get more blocks than you would alone, if you would get any alone depending on the Currency
2. Get paid 1 Coin for mining another, or get paid 2 Coins mining 1 Coin, the Pool keeping the other part of the one you are mining for them
Graphene Witnesses and TRON SRs are just like Mining Pools, but they are the only ones allowed to mine on their chains, with TRON having Tokens like Tron Europe Rewards Token (TERK) and other SR rewards to pay people adding weight to SRs.
Bitshares Assets were maybe the first Token for the layperson on maybe the first DEX. But the barrier to entry became too high as Bitcoin went up, and they became obscure. Also, Steemit became more central to Bitshares, and now HIVE and EOS.
Cross Chain Pegged Tokens are a Token with something like a Scot Bot, a Script, that issues Tokens as a person trades them across the chain. So, say I have a Hive-Engine Token and a Steem-Engine Token, the STEEM Token is called TOKEN, so now, if I want a TOKENP (Pegged Token) on the HIVE chain. I can send TOKEN to the STEEM wallet called @TOKENISSUER and the Bot will take that signal, go to the HIVE chain, read the memo and send coins to the Account in the Memo but on Hive chain with TOKENP.
This can even be done between say HIVE-Engine and EOS. And if I have a Wallet on say ExchangeTokensWebsite (whatever exchange), I can send TOKEN or TOKENP to the @TOKENISSUER from the exchange with the Memo, and it will put the other Token in the account. The Scot Bot type instance is a Smart Contract that makes sure there are never extra Tokens coming out somehow bringing down the price.
More coming soon...
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slaman29
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April 08, 2021, 01:17:05 PM |
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OP, thanks again for the responses.
Well, they can call Bitcoin whatever they want, and yes the whitepaper of Bitcoin only says p2p cash but let's all be honest and admit it's the only one truly actually decentralizing finance. I am not a defi hater of course not but I think defi now is only for rich people (who can stake a lot of money and afford high gas fees) and not helping the unfinanced as it was supposed to. It really needs to fix that for it to work:)
This is why I think Binance smart chain based Defi is now in far better shape. Pool/swap based platforms should always have lower fees to handle high volume. I suggest you to look into projects like Pancakeswap, burgerswap, bake etc. All of them have feels in cents literally. Yes, for now. But we all know it's just a temporary attractiveness. Remember when people complained about Bitcoin and started to move to cheaper chains like even BCH (Bitcoin Cash?). That really didn't last long at all and now BCH is going absolutely nowhere. I do have looks at pancake and all that but seriously, where's the actual real value? |
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