[ANN] [MUL] MultiCoin - with decentralized ATM - MULTIPOOL - Now Distributing

[frank123m]

Good idea, but it takes too long for each transaction.

Usually a transaction is confirmed after 6 blocks which only takes 6 minutes.

1094   2014-04-19 01:37:12   3   278242597.0161684   0.757   300000050   0.101065   924.754   98.3238%
1093   2014-04-19 01:07:59   3   556796112.20463067   0.189   300000050   0.0995949   924.734   98.3427%

1099   2014-04-19 02:14:30   3   554834080.21275094   0.003   300000050   0.102986   924.78   98.2992%
1098   2014-04-19 02:02:00   3   555194743.3722619   0.012   300000050   0.102338   924.771   98.3076%

1118   2014-04-19 03:39:36   4   549931232.99542947   0.056   300000050   0.107731   924.839   98.2381%
1117   2014-04-19 03:23:12   3   550241778.83514812   0.046   300000050   0.106782   924.828   98.2504%

[multiman]

Good idea, but it takes too long for each transaction.

Usually a transaction is confirmed after 6 blocks which only takes 6 minutes.

1094   2014-04-19 01:37:12   3   278242597.0161684   0.757   300000050   0.101065   924.754   98.3238%
1093   2014-04-19 01:07:59   3   556796112.20463067   0.189   300000050   0.0995949   924.734   98.3427%

1099   2014-04-19 02:14:30   3   554834080.21275094   0.003   300000050   0.102986   924.78   98.2992%
1098   2014-04-19 02:02:00   3   555194743.3722619   0.012   300000050   0.102338   924.771   98.3076%

1118   2014-04-19 03:39:36   4   549931232.99542947   0.056   300000050   0.107731   924.839   98.2381%
1117   2014-04-19 03:23:12   3   550241778.83514812   0.046   300000050   0.106782   924.828   98.2504%

Yes, the current confirmation time is longer than expected because there are not many transactions fee to mine yet, so not many miners are mining.
But with the decentralized ATM and Multipool protocol implemented, a lot of transactions will happen and there are many transactions fee for miners. At this point, miners will come in and mine for transactions fee, resulting in a stable confirmation time.

[frank123m]

M-ATM is a place to cash out Multicoin for Bitcoin.

i saw them all Pending or Invalid amount on the website.
for example:
Appeared in MultiCoin 355 (2014-04-17 01:22:15)
4515cc057c81dbc612d13d0589a58a2fc638c29e01d22412107bc694211b4988

is it ready yet?

[PondSea]

M-ATM is a place to cash out Multicoin for Bitcoin.

i saw them all Pending or Invalid amount on the website.
for example:
Appeared in MultiCoin 355 (2014-04-17 01:22:15)
4515cc057c81dbc612d13d0589a58a2fc638c29e01d22412107bc694211b4988

is it ready yet?

It will start working after the 30 day period

[frank123m]

M-ATM is a place to cash out Multicoin for Bitcoin.

i saw them all Pending or Invalid amount on the website.
for example:
Appeared in MultiCoin 355 (2014-04-17 01:22:15)
4515cc057c81dbc612d13d0589a58a2fc638c29e01d22412107bc694211b4988

is it ready yet?

It will start working after the 30 day period

Not everyone can wait a month.
You should explain earlier, we do not know to wait 30 days to get the btc.
You should have a set that can be canceled at http://multicoin.me/matm. then we can exchange our coins.

[frank123m]

I think you should enable it immediately, so as to establish credit for your coins immediately, otherwise just as previous people have said, you just scams.

[brutalforce]

Can you send me back in wallet what I send for withdraw mtc in btc?
my mtc adress is maNnDssFZB2UhSxMZfaazuUuqAheA36PWj

[frank123m]

What about the risk of you just keeping all the 69.5 BTC

     i have the same question....   it is another edge...

I witnessed the whole StackCoin thing. They took the coins and ran away because they can not deliver the system they promised (an built-in exchange coin).
Since MultiCoin is already launched and the M-ATM is already working, meaning the coin is delivered, there is no reason for me to do the same.

Do you remember?

[gentacomp]

M-ATM is a place to cash out Multicoin for Bitcoin.

i saw them all Pending or Invalid amount on the website.
for example:
Appeared in MultiCoin 355 (2014-04-17 01:22:15)
4515cc057c81dbc612d13d0589a58a2fc638c29e01d22412107bc694211b4988

is it ready yet?

It will start working after the 30 day period

Not everyone can wait a month.
You should explain earlier, we do not know to wait 30 days to get the btc.
You should have a set that can be canceled at http://multicoin.me/matm. then we can exchange our coins.

Theres text like this in the ATM "You will receive your Bitcoin immediately after the distribution ended" and I missed it too 

Really weird I can only cash after 30 round, means :
1. You want make have a price but no stock in the market to keep price steady
2. You want make any BTC you got to invest in something (just another borrow trick)
3. Its scam

But I still want be positive, Ill invest more with my traded btc and wait after 30 cycle...

So my question :
1. Why should WE wait until 30 cycles over ?
2. If I sold my multicoin now at 0.00000098. Then at last round over the price only 0.00000025. Which price I will get ?

[multiman]

M-ATM is a place to cash out Multicoin for Bitcoin.

i saw them all Pending or Invalid amount on the website.
for example:
Appeared in MultiCoin 355 (2014-04-17 01:22:15)
4515cc057c81dbc612d13d0589a58a2fc638c29e01d22412107bc694211b4988

is it ready yet?

It will start working after the 30 day period

Not everyone can wait a month.
You should explain earlier, we do not know to wait 30 days to get the btc.
You should have a set that can be canceled at http://multicoin.me/matm. then we can exchange our coins.

Theres text like this in the ATM "You will receive your Bitcoin immediately after the distribution ended" and I missed it too 

Really weird I can only cash after 30 round, means :
1. You want make have a price but no stock in the market to keep price steady
2. You want make any BTC you got to invest in something (just another borrow trick)
3. Its scam

But I still want be positive, Ill invest more with my traded btc and wait after 30 cycle...

So my question :
1. Why should WE wait until 30 cycles over ?
2. If I sold my multicoin now at 0.00000098. Then at last round over the price only 0.00000025. Which price I will get ?

As I explained earlier the M-ATM is working based only on the total amount of BTC generated from the distribution. You will be able to cash out your MUL at the fixed price but this price can not be calculated yet.
The price showed on the website is not the price of the last round, It's only an estimated price calculated based on the finished rounds. This is not an official price yet.
All MUL will be able to exchange back to BTC at an official price after the distribution ended no matter how you got the MUL.
If you don't want to wait and want to get BTC right now, you can always use a third party exchange like: https://bittrex.com/Market/Index?MarketName=BTC-MUL
It's currently trading at around 1000 satoshi 10 times higher than the price of M-ATM

[frank123m]

As I explained earlier the M-ATM is working based only on the total amount of BTC generated from the distribution. You will be able to cash out your MUL at the fixed price but this price can not be calculated yet.
The price showed on the website is not the price of the last round, It's only an estimated price calculated based on the finished rounds. This is not an official price yet.
All MUL will be able to exchange back to BTC at an official price after the distribution ended no matter how you got the MUL.
If you don't want to wait and want to get BTC right now, you can always use a third party exchange like: https://bittrex.com/Market/Index?MarketName=BTC-MUL
It's currently trading at around 1000 satoshi 10 times higher than the price of M-ATM

Thanks for the info. please cancel my M-ATM Transaction. (PM sent)

[multiman]

So from my understanding we have to wait after all 30 rounds is over before cashing out our MTC for BTC?

Yes, correct. You have to wait for the distribution ends so we can have an official cash out rate.

[nbphuoc]

Is there anyway to cancel an M-ATM transaction?

[multiman]

Is there anyway to cancel an M-ATM transaction?

Sorry, there is noway for you to cancel a M-ATM transaction now.

[jztxeno]

What happens after Round 30? Will this project continue or abandon?

[danstanit]

http://prntscr.com/3bju93 having problems with the wallet staying sync'd still. The second I went to send MTC over to the exchange it disconnected and has not been able to connect for over 10 hours nows. It will jump from 4-6 connections bottom right, but it doesnt show anything else nor what block it is on.

[nbphuoc]

What happens after Round 30? Will this project continue or abandon?

He already answered it in the FAQ section

[gentacomp]

Hmm will it to the moon ?
My calculation would be 72107 satoshi in 30th cycles, any prediction yet ?
x1 = 2 , x2 = 3, x3 = 4
y1 = 111, y2 = 98, y3 = 90

(If it not pumped)

[multiman]

Hmm will it to the moon ?
My calculation would be 72107 satoshi in 30th cycles, any prediction yet ?
x1 = 2 , x2 = 3, x3 = 4
y1 = 111, y2 = 98, y3 = 90

(If it not pumped)

The final price will be around the current price which is 90 satoshi. I don't think it can get to 70,000 satoshi

[multiman]

The protocol built on top of MultiCoin is now in alpha test mode. We need some testers.
Send me an email to: admin@multicoin.me if you want to participate.