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Doging
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July 17, 2014, 04:56:41 PM |
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Moolah say they'll be launching their exchange tonight.
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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IncreaseMyT
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July 17, 2014, 05:22:08 PM |
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Moolah say they'll be launching their exchange tonight.
sweet sounds like it will be a good weekend. |
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whatdidshedo
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July 17, 2014, 05:38:52 PM |
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IT'S THURSDAY !!!
Where's my PoS wallet. (BTW: This is fake hype post. I can wait util it is right.)
However, I would like to see the new specs of the coin as PoS... IE, Reward rate, min coin days, max coin days, etc. If there so close to releasing, these things must be known by now.
i think it's time we are loosing buy support and price is on a downtrend once again... |
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Doging
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July 17, 2014, 05:57:59 PM |
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IT'S THURSDAY !!!
Where's my PoS wallet. (BTW: This is fake hype post. I can wait util it is right.)
However, I would like to see the new specs of the coin as PoS... IE, Reward rate, min coin days, max coin days, etc. If there so close to releasing, these things must be known by now.
i think it's time we are loosing buy support and price is on a downtrend once again... Price is edging up and hit 21k on cryptsy today. If it dips again then buy. Edit: If you can't afford it then don't worry, just hold tight and don't sell to the accumulators. |
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IncreaseMyT
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July 17, 2014, 06:07:47 PM |
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honestly support doesn't mean much to me, usually it gets dumped on.
Books look like someone is ready to run it up a bit.
If you go to wisdom and turn on your mac d, start with the 1 week chart, then click 3d and then 1 day, I assume thats the path the 1week macd will follow
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yianding
Member
 Offline
Activity: 119
Merit: 100
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July 17, 2014, 07:07:12 PM |
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The NAUT has some matter?
Can not transfer coin .................................
please correct it soon.
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whatdidshedo
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July 17, 2014, 07:09:08 PM |
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The NAUT has some matter?
Can not transfer coin .................................
please correct it soon.
it's just a slow network so don't worry coins will get to their destination, it should be fixed with transition to POS |
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nutildah
Legendary
Offline
Activity: 2982
Merit: 7976
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July 17, 2014, 09:55:21 PM |
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but you have to admit seaman is fond of it speaks up and tweets about it and that is good , more eyes on it, but we really need this POS ann and transition asap.. well isn't Thursday tomorrow? let's hope we wont have wait another 2-3weeks
True dat. I suppose any press is good press. Not that it matters but I'm not on board with the whole PoS fad... So... you're just paying out interest, rewarding people for holding their coins... How is this any different from our current financial system where the rich get richer by virtue of being rich? I thought the point of crypto was to get away from the obviously unfair playing field that had been created by the dollar. I like NAUT based on the simple fact that its connection to Brian Kelly makes it more likely to get noticed by Wall Street. On the other hand, I kind of hope Wall Street keeps its distance from crypto and doesn't try to lobby for legislation that would once again give them the upper hand in a field of finance. All the novelty and usefulness of cryptocurrency would go right out the window. I know its a paradoxical stance but such is life. |
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Doging
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July 17, 2014, 11:00:06 PM |
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but you have to admit seaman is fond of it speaks up and tweets about it and that is good , more eyes on it, but we really need this POS ann and transition asap.. well isn't Thursday tomorrow? let's hope we wont have wait another 2-3weeks
True dat. I suppose any press is good press. Not that it matters but I'm not on board with the whole PoS fad... So... you're just paying out interest, rewarding people for holding their coins... How is this any different from our current financial system where the rich get richer by virtue of being rich? I thought the point of crypto was to get away from the obviously unfair playing field that had been created by the dollar. I like NAUT based on the simple fact that its connection to Brian Kelly makes it more likely to get noticed by Wall Street. On the other hand, I kind of hope Wall Street keeps its distance from crypto and doesn't try to lobby for legislation that would once again give them the upper hand in a field of finance. All the novelty and usefulness of cryptocurrency would go right out the window. I know its a paradoxical stance but such is life. I think POS is a small part of what BK wants NAUT to be, it's just been a real issue with the digishield/inflation problem. |
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PilotofBTC
Legendary
Offline
Activity: 1736
Merit: 1001
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July 17, 2014, 11:56:45 PM |
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but you have to admit seaman is fond of it speaks up and tweets about it and that is good , more eyes on it, but we really need this POS ann and transition asap.. well isn't Thursday tomorrow? let's hope we wont have wait another 2-3weeks
True dat. I suppose any press is good press. Not that it matters but I'm not on board with the whole PoS fad... So... you're just paying out interest, rewarding people for holding their coins... How is this any different from our current financial system where the rich get richer by virtue of being rich? I thought the point of crypto was to get away from the obviously unfair playing field that had been created by the dollar. I like NAUT based on the simple fact that its connection to Brian Kelly makes it more likely to get noticed by Wall Street. On the other hand, I kind of hope Wall Street keeps its distance from crypto and doesn't try to lobby for legislation that would once again give them the upper hand in a field of finance. All the novelty and usefulness of cryptocurrency would go right out the window. I know its a paradoxical stance but such is life. No one is getting rich on 2% a year. |
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nutildah
Legendary
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Activity: 2982
Merit: 7976
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July 18, 2014, 12:03:47 AM |
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No one is getting rich on 2% a year.
You're absolutely wrong. |
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Doging
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July 18, 2014, 12:09:12 AM |
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No one is getting rich on 2% a year.
You're absolutely wrong. How so? |
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nutildah
Legendary
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Activity: 2982
Merit: 7976
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July 18, 2014, 12:40:01 AM |
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No one is getting rich on 2% a year.
You're absolutely wrong. How so? OK. You're a billionaire. You put a billion dollars into a Bank of America savings account. They give you an interest rate of 2% per year. You close the account after 1 year with an extra $20,000,000 interest. You now are rich on 2% a year. $20,000,000 IS rich. Even next to 1 billion. Its not a matter of relativity. Its already been scientifically demonstrated that money stops buying happiness at about $70k a year; everything after that is just people attempting to make up for their personal shortcomings. |
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whatdidshedo
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July 18, 2014, 12:57:04 AM |
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No one is getting rich on 2% a year.
You're absolutely wrong. How so? OK. You're a billionaire. You put a billion dollars into a Bank of America savings account. They give you an interest rate of 2% per year. You close the account after 1 year with an extra $20,000,000 interest. You now are rich on 2% a year. $20,000,000 IS rich. Even next to 1 billion. Its not a matter of relativity. Its already been scientifically demonstrated that money stops buying happiness at about $70k a year; everything after that is just people attempting to make up for their personal shortcomings. whether rich get richer has nothing to do with goal of crypto which is decentralized currency(my opinion) |
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nutildah
Legendary
Offline
Activity: 2982
Merit: 7976
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July 18, 2014, 01:05:38 AM |
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No one is getting rich on 2% a year.
You're absolutely wrong. How so? OK. You're a billionaire. You put a billion dollars into a Bank of America savings account. They give you an interest rate of 2% per year. You close the account after 1 year with an extra $20,000,000 interest. You now are rich on 2% a year. $20,000,000 IS rich. Even next to 1 billion. Its not a matter of relativity. Its already been scientifically demonstrated that money stops buying happiness at about $70k a year; everything after that is just people attempting to make up for their personal shortcomings. whether rich get richer has nothing to do with goal of crypto which is decentralized currency(my opinion) I disagree. What good is crypto if it maintains the greatest disparity in wealth that the world has ever seen? |
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BK_PHI (OP)
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July 18, 2014, 01:13:04 AM |
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PoS Update
Hi all, its late on Thursday and I thought that we would have the final PoS product by now. Actually, I was told we would have it by Tuesday, but I gave us a few more days since there have been issues already.
Since I set a (loose) date of today, I wanted to make sure I posted so that you all knew I was here.
We do not have the final product and I am extremely frustrated. Integrity is the most valuable asset we have, especially in crypto - I do not like having to write that we are delayed...again...but this is the case.
I apologize for continually missing self imposed deadlines. I will continue to update on the progress.
-BK
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PilotofBTC
Legendary
Offline
Activity: 1736
Merit: 1001
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July 18, 2014, 01:23:09 AM |
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No one is getting rich on 2% a year.
You're absolutely wrong. How so? OK. You're a billionaire. You put a billion dollars into a Bank of America savings account. They give you an interest rate of 2% per year. You close the account after 1 year with an extra $20,000,000 interest. You now are rich on 2% a year. $20,000,000 IS rich. Even next to 1 billion. Its not a matter of relativity. Its already been scientifically demonstrated that money stops buying happiness at about $70k a year; everything after that is just people attempting to make up for their personal shortcomings. I submit if you had a billion $'s to put into the bank, you were rich already. So, while 2% of that is a huge amount to someone that is poor, it is nothing to someone that has a billion $'s. So, your example is flawed. People don't get rich by getting interest from a bank, they get rich by being highly productive and adding huge value to the economy. (I'm not counting people that fell out of a rich crotch or won the lottery. This is why I favor the 0% tax rate btw). |
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PilotofBTC
Legendary
Offline
Activity: 1736
Merit: 1001
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July 18, 2014, 01:24:03 AM |
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No one is getting rich on 2% a year.
You're absolutely wrong. How so? OK. You're a billionaire. You put a billion dollars into a Bank of America savings account. They give you an interest rate of 2% per year. You close the account after 1 year with an extra $20,000,000 interest. You now are rich on 2% a year. $20,000,000 IS rich. Even next to 1 billion. Its not a matter of relativity. Its already been scientifically demonstrated that money stops buying happiness at about $70k a year; everything after that is just people attempting to make up for their personal shortcomings. whether rich get richer has nothing to do with goal of crypto which is decentralized currency(my opinion) I disagree. What good is crypto if it maintains the greatest disparity in wealth that the world has ever seen? So, what do you propose. If the interest is HIGHER, those with more money just get more. Or, do you think people with less stake should get higher rewards? |
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