ziplibrary (OP)
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Activity: 70
Merit: 10
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May 01, 2014, 09:50:21 PM |
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I have a good news. The development of ShareCoin's exchange is going very well. We can possibly launch the exchange this week. Here are some screenshot of the development progress, The website is coded with Ruby on Rails:
Just a question: are the underlying transactions in the db guaranteed to be atomic? If you're using MySQL, are you using prepared statements? We are caching all queries and pages to the max to archieve the best render time. The Database server will run seperately on Amazon RDS, it is only accessible through the backend server. The coin daemons will run on a private server which can only be accessed from the backend server, too.
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mugwampbro
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May 01, 2014, 10:11:34 PM |
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Wow... This looks very nice. Since the owner of the exchange will be the coin owners, how do you intend to share the profits among them? Or loss for that matter.
I'll share the revenue, not the profit. The details about fee shares will be published along with the exchange launch. But basically, it works like this: There are total of 100,000 FeeShare which correspond to 100% fees from the exchange. Holding 1 FeeShare in the exchange will give you 0.001% from the exchange. FeeShare can only be purchased directly from the exchange with ShareCoin. But a market of FeeShare/Bitcoin will be opened so people can trade their purchased FeeShares freely. WHAT DOES THAT WORK OUT TO BE ATM?
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ReRunRod
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May 01, 2014, 10:17:12 PM |
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I have a good news. The development of ShareCoin's exchange is going very well. We can possibly launch the exchange this week. Here are some screenshot of the development progress, The website is coded with Ruby on Rails: Looking mighty spiffy! One thing.. The ShareCoin logo looks like the Doge logo?
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ziplibrary (OP)
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Activity: 70
Merit: 10
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May 01, 2014, 10:27:50 PM |
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Looking mighty spiffy! One thing.. The ShareCoin logo looks like the Doge logo? It's just a demo, I picked random logo for the coin.
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jamieb81
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May 01, 2014, 10:28:50 PM |
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Looking mighty spiffy! One thing.. The ShareCoin logo looks like the Doge logo? I saw the same thing. Plus I saw flappycoin omg.. lol
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platorin
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May 01, 2014, 10:40:58 PM |
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I have just received a PM from the dev. He said that if one did apply with just ONE account, he/she will be good to go. So probably everyone who tried to cheat with two or more acount applying, will receive nothing.
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WutriCoin
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May 01, 2014, 11:09:18 PM |
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Excellent development even before distribution. Fantastic team, good work. I knew it from start - check the signature
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familiaverde
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May 01, 2014, 11:13:29 PM |
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Good news every day ... looks like ShareCoin will be a success .
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Nxtblg
Legendary
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Activity: 924
Merit: 1000
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May 01, 2014, 11:14:51 PM |
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I have a good news. The development of ShareCoin's exchange is going very well. We can possibly launch the exchange this week. Here are some screenshot of the development progress, The website is coded with Ruby on Rails:
Just a question: are the underlying transactions in the db guaranteed to be atomic? If you're using MySQL, are you using prepared statements? We are caching all queries and pages to the max to archieve the best render time. The Database server will run seperately on Amazon RDS, it is only accessible through the backend server. The coin daemons will run on a private server which can only be accessed from the backend server, too. Well, you're the dev. The reason why I'm asking is that non-atomic transactions invite race conditions, which have been exploited by thieving hackers at least once to rob at least one exchange of a lotta BTC. Two of my own BTC went down with one of those exchanges, as the dev gave up and ran. I'm passing this along because I want your project to succeed, and not to be destroyed.
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ziplibrary (OP)
Member
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Activity: 70
Merit: 10
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May 01, 2014, 11:29:07 PM |
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I have a good news. The development of ShareCoin's exchange is going very well. We can possibly launch the exchange this week. Here are some screenshot of the development progress, The website is coded with Ruby on Rails:
Just a question: are the underlying transactions in the db guaranteed to be atomic? If you're using MySQL, are you using prepared statements? We are caching all queries and pages to the max to archieve the best render time. The Database server will run seperately on Amazon RDS, it is only accessible through the backend server. The coin daemons will run on a private server which can only be accessed from the backend server, too. Well, you're the dev. The reason why I'm asking is that non-atomic transactions invite race conditions, which have been exploited by thieving hackers at least once to rob at least one exchange of a lotta BTC. Two of my own BTC went down with one of those exchanges, as the dev gave up and ran. I'm passing this along because I want your project to succeed, and not to be destroyed. To be honest, it's not that easy to hack an exchange. If it's easy, everybody would make a living by hacking websites. And if a hacker has enough skills to hack into an exchange, he won't bother looking at these altcoin exchanges, he will target for other big websites. 2 main reasons exchanges reported as hacked: 1. The owner is lying, they just want to steal your coin. 2. The owner is too stupid.
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baby222
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May 01, 2014, 11:39:50 PM |
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thanks,please sent sharecoin.
all of us will receive our share after 1 week
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ReRunRod
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May 02, 2014, 12:13:20 AM |
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I have a good news. The development of ShareCoin's exchange is going very well. We can possibly launch the exchange this week. Here are some screenshot of the development progress, The website is coded with Ruby on Rails:
Just a question: are the underlying transactions in the db guaranteed to be atomic? If you're using MySQL, are you using prepared statements? We are caching all queries and pages to the max to archieve the best render time. The Database server will run seperately on Amazon RDS, it is only accessible through the backend server. The coin daemons will run on a private server which can only be accessed from the backend server, too. Well, you're the dev. The reason why I'm asking is that non-atomic transactions invite race conditions, which have been exploited by thieving hackers at least once to rob at least one exchange of a lotta BTC. Two of my own BTC went down with one of those exchanges, as the dev gave up and ran. I'm passing this along because I want your project to succeed, and not to be destroyed. To be honest, it's not that easy to hack an exchange. If it's easy, everybody would make a living by hacking websites. And if a hacker has enough skills to hack into an exchange, he won't bother looking at these altcoin exchanges, he will target for other big websites. 2 main reasons exchanges reported as hacked: 1. The owner is lying, they just want to steal your coin. 2. The owner is too stupid. Go big or GO home. No time to waste on small change. Agreed on this one..
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yangting
Newbie
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Activity: 38
Merit: 0
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May 02, 2014, 12:28:54 AM |
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expectative sharecoin!
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wasamata
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May 02, 2014, 12:32:18 AM |
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This is honesty one worth holding on to. A coin with real value. Looking forward to the distribution!
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qiuxiang
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May 02, 2014, 12:32:22 AM |
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Good work, developer, i am glad that the developer is such capable of even make exchange site, it makes sharecoin clear distinct versus other coins.
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mugwampbro
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May 02, 2014, 12:38:58 AM |
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Wow... This looks very nice. Since the owner of the exchange will be the coin owners, how do you intend to share the profits among them? Or loss for that matter.
I'll share the revenue, not the profit. The details about fee shares will be published along with the exchange launch. But basically, it works like this: There are total of 100,000 FeeShare which correspond to 100% fees from the exchange. Holding 1 FeeShare in the exchange will give you 0.001% from the exchange. FeeShare can only be purchased directly from the exchange with ShareCoin. But a market of FeeShare/Bitcoin will be opened so people can trade their purchased FeeShares freely. WHAT DOES THAT WORK OUT TO BE ATM? answer?
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ziplibrary (OP)
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Activity: 70
Merit: 10
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May 02, 2014, 12:43:32 AM |
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Wow... This looks very nice. Since the owner of the exchange will be the coin owners, how do you intend to share the profits among them? Or loss for that matter.
I'll share the revenue, not the profit. The details about fee shares will be published along with the exchange launch. But basically, it works like this: There are total of 100,000 FeeShare which correspond to 100% fees from the exchange. Holding 1 FeeShare in the exchange will give you 0.001% from the exchange. FeeShare can only be purchased directly from the exchange with ShareCoin. But a market of FeeShare/Bitcoin will be opened so people can trade their purchased FeeShares freely. WHAT DOES THAT WORK OUT TO BE ATM? answer?What I meant is Holding 1 FeeShare will give you 0.001% of the revenues from the exchange. I don't really understand your question, can you clarify?
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ziplibrary (OP)
Member
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Activity: 70
Merit: 10
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May 02, 2014, 01:09:48 AM |
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@zip
at what price will shares sell for at first when u put them up for sale?
The price will be published at the time FeeShares sale begin.
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deedou
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May 02, 2014, 01:31:27 AM |
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I have a good news. The development of ShareCoin's exchange is going very well. We can possibly launch the exchange this week. Here are some screenshot of the development progress, The website is coded with Ruby on Rails: wow, perfect ... seems sharecoin will to the moon .
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crimealone
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May 02, 2014, 02:02:55 AM |
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No, I only have one account.
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