|
MMXIV (OP)
|
 |
September 04, 2014, 02:45:29 AM |
|
Are there two MMXIV's? I'm confused now  Devvie twitter.com/devnullius Not that I'm aware of? |
|
|
|
|
|
|
|
|
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
MMXIV (OP)
|
|
September 04, 2014, 02:50:33 AM |
|
I agree, sounds good in theory but would be tough in practice. I guess my point is - until there is more buy pressure, or a heckuva lot more hash on the multipool, the price of M is going to stay where it is now.
Actually, the price of M is more likely to decline in proportion to the increase in supply of M (due to POS), according to classic economic theory, unless demand can be increased. We have only created another 53 coins since we switched to PoS. The last buy on the multipool was over 40 just for SHA alone, granted it was a very long shift, but the point still stands that the multipool very easily overpowers the amount created by PoS Right, but a year from now, if all else stays the same, your coins will be worth 2/3 what they are today in theory with a 50% stake, and that works out to roughly 3 new coins per day, right? At current rates, the demand from the pool works out to be maybe 2-3M coins per day (if you average the last couple of months). The problem is that the selling volume on Bittrex appears to be many times that, so additional demand is going to be needed just to maintain current valuation unless you can keep people from selling. Yes, but you are forgetting something. We don't pay fees to miners or anyone else. Any fee paid is discarded by the network and destroyed forever to help combat inflation at an uncontrollably fast rate. Combine normal trading transfers, as well as the 30 day max of staking before you have to move them again, and it should do well to control inflation alongside all the other tools and services to get them into strong hands of holders and stakers Yes, we will have some inflation, but with this method it will be far, far less than a coin secured through Proof of Work |
|
|
|
|
|
corsaro
Legendary
 Offline
Activity: 1400
Merit: 1000
|
|
September 04, 2014, 07:11:52 AM
Last edit: September 04, 2014, 10:37:39 AM by corsaro |
|
I think what he's saying is that instead of just buying into the sells, he is suggesting to put up Bids and wait for someone to sell
yes, exactly... This will create surely more interrest on the market due to the fact bid/ask spread will be lower |
|
|
|
|
ThePeePs
Sr. Member
Offline
Activity: 350
Merit: 250
https://cryptassist.io
|
|
September 04, 2014, 12:50:12 PM |
|
I think what he's saying is that instead of just buying into the sells, he is suggesting to put up Bids and wait for someone to sell
yes, exactly... This will create surely more interrest on the market due to the fact bid/ask spread will be lower I am not comfortable at all with doing hedging with other people's money. Yes, if done correctly money could be made, and possibility drive the overall price up, but it would take a lot of time, and attention to make sure right. I would rather use that time to work on improving the multlipool. |
|
|
|
|
MMXIV (OP)
|
|
September 04, 2014, 05:38:02 PM |
|
I think what he's saying is that instead of just buying into the sells, he is suggesting to put up Bids and wait for someone to sell
yes, exactly... This will create surely more interrest on the market due to the fact bid/ask spread will be lower I am not comfortable at all with doing hedging with other people's money. Yes, if done correctly money could be made, and possibility drive the overall price up, but it would take a lot of time, and attention to make sure right. I would rather use that time to work on improving the multlipool. I personally wouldn't like doing that either |
|
|
|
|
Mortimer452
|
|
September 04, 2014, 06:02:53 PM |
|
I think what he's saying is that instead of just buying into the sells, he is suggesting to put up Bids and wait for someone to sell
yes, exactly... This will create surely more interrest on the market due to the fact bid/ask spread will be lower I am not comfortable at all with doing hedging with other people's money. Yes, if done correctly money could be made, and possibility drive the overall price up, but it would take a lot of time, and attention to make sure right. I would rather use that time to work on improving the multlipool. I agree, doing this would be very tough to implement and still be fair. Keeping track of whose orders belonged to who and paying out when they were filled (or partially filled) would be a complex task. It was just an idea . . . need to come up with something. The price and market volume have been pretty stagnant for weeks. The raffles, while a great idea, don't seem to be getting things moving much. |
|
|
|
|
|
MMXIV (OP)
|
|
September 04, 2014, 06:11:33 PM |
|
I think what he's saying is that instead of just buying into the sells, he is suggesting to put up Bids and wait for someone to sell
yes, exactly... This will create surely more interrest on the market due to the fact bid/ask spread will be lower I am not comfortable at all with doing hedging with other people's money. Yes, if done correctly money could be made, and possibility drive the overall price up, but it would take a lot of time, and attention to make sure right. I would rather use that time to work on improving the multlipool. I agree, doing this would be very tough to implement and still be fair. Keeping track of whose orders belonged to who and paying out when they were filled (or partially filled) would be a complex task. It was just an idea . . . need to come up with something. The price and market volume have been pretty stagnant for weeks. The raffles, while a great idea, don't seem to be getting things moving much. The price may be stagnant, but we have eaten through a lot of sells. The sell side now has less than 80 coins for sale at any price all the way up to 10 BTC each Less than 3.5 BTC worth of sells between this price and 10 BTC each |
|
|
|
Karn
Sr. Member
Offline
Activity: 434
Merit: 250
"The mass of men lead lives of quiet desperation."
|
|
September 04, 2014, 07:45:52 PM |
|
Can an estimated 24h earnings per unit of hash calculator be added to the pool page?
|
“But it's a poor fellow who can't take his pleasure without asking other people's permission.” ― Hermann Hesse, Steppenwolf
|
|
|
|
xZork
|
|
September 04, 2014, 08:46:40 PM |
|
I've never messed with POS coin before... but is your balance supposed to disappear from your wallet? I have just over 6 coins that have vanished.
EDIT: NM! I had to restart the client twice and now they are back under Stake:
|
|
|
|
|
|
Karn
Sr. Member
Offline
Activity: 434
Merit: 250
"The mass of men lead lives of quiet desperation."
|
|
September 04, 2014, 08:57:21 PM |
|
My bad I mean a projected est. based on the current market. So people not mining yet can easily see they should. Posted here http://pool.mmxivcoin.com:8082/ |
“But it's a poor fellow who can't take his pleasure without asking other people's permission.” ― Hermann Hesse, Steppenwolf
|
|
|
|
MMXIV (OP)
|
|
September 04, 2014, 09:12:22 PM |
|
My bad I mean a projected est. based on the current market. So people not mining yet can easily see they should. Posted here http://pool.mmxivcoin.com:8082/That will be tough, because of how much all the coins fluctuate in both difficulty and market price. An estimate would only be accurate for about 5 minutes |
|
|
|
|
MMXIV (OP)
|
|
September 04, 2014, 10:28:03 PM |
|
We've got over 500 mh on the multipool now for Scrypt. Looking good! |
|
|
|
Karn
Sr. Member
Offline
Activity: 434
Merit: 250
"The mass of men lead lives of quiet desperation."
|
|
September 04, 2014, 10:28:55 PM |
|
Let me get this right after 30 days in my wallet they will not stake anymore right? So I just send them to an exchange and back to the same wallet to get them staking again?
|
“But it's a poor fellow who can't take his pleasure without asking other people's permission.” ― Hermann Hesse, Steppenwolf
|
|
|
|
MMXIV (OP)
|
|
September 04, 2014, 10:32:19 PM |
|
Let me get this right after 30 days in my wallet they will not stake anymore right? So I just send them to an exchange and back to the same wallet to get them staking again?
Just to a different address. You can do it like that, too, though, if you want |
|
|
|
Karn
Sr. Member
Offline
Activity: 434
Merit: 250
"The mass of men lead lives of quiet desperation."
|
|
September 04, 2014, 10:34:03 PM |
|
Let me get this right after 30 days in my wallet they will not stake anymore right? So I just send them to an exchange and back to the same wallet to get them staking again?
Just to a different address. You can do it like that, too, though, if you want Ah so just make a new addy in the wallet (would save on fees for the 2nd leg of the trip) |
“But it's a poor fellow who can't take his pleasure without asking other people's permission.” ― Hermann Hesse, Steppenwolf
|
|
|
|
Phosphorous
|
|
September 04, 2014, 10:52:39 PM |
|
Let me get this right after 30 days in my wallet they will not stake anymore right? So I just send them to an exchange and back to the same wallet to get them staking again?
Just to a different address. You can do it like that, too, though, if you want Wow, I didn't know about that. Where does it say this? |
|
|
|
|
Karn
Sr. Member
Offline
Activity: 434
Merit: 250
"The mass of men lead lives of quiet desperation."
|
|
September 04, 2014, 10:56:15 PM |
|
I agree, sounds good in theory but would be tough in practice. I guess my point is - until there is more buy pressure, or a heckuva lot more hash on the multipool, the price of M is going to stay where it is now.
Actually, the price of M is more likely to decline in proportion to the increase in supply of M (due to POS), according to classic economic theory, unless demand can be increased. We have only created another 53 coins since we switched to PoS. The last buy on the multipool was over 40 just for SHA alone, granted it was a very long shift, but the point still stands that the multipool very easily overpowers the amount created by PoS Right, but a year from now, if all else stays the same, your coins will be worth 2/3 what they are today in theory with a 50% stake, and that works out to roughly 3 new coins per day, right? At current rates, the demand from the pool works out to be maybe 2-3M coins per day (if you average the last couple of months). The problem is that the selling volume on Bittrex appears to be many times that, so additional demand is going to be needed just to maintain current valuation unless you can keep people from selling. Yes, but you are forgetting something. We don't pay fees to miners or anyone else. Any fee paid is discarded by the network and destroyed forever to help combat inflation at an uncontrollably fast rate. Combine normal trading transfers, as well as the 30 day max of staking before you have to move them again, and it should do well to control inflation alongside all the other tools and services to get them into strong hands of holders and stakers Yes, we will have some inflation, but with this method it will be far, far less than a coin secured through Proof of Work This reminded me, |
“But it's a poor fellow who can't take his pleasure without asking other people's permission.” ― Hermann Hesse, Steppenwolf
|
|
|
|
MMXIV (OP)
|
|
September 04, 2014, 11:03:10 PM |
|
Let me get this right after 30 days in my wallet they will not stake anymore right? So I just send them to an exchange and back to the same wallet to get them staking again?
Just to a different address. You can do it like that, too, though, if you want Wow, I didn't know about that. Where does it say this? Every coin has a max. It's under Specs in the OP (I don't have it on the website, yet, but I'm still working on that as a whole) |
|
|
|
|
