[ANN][MIN] Minerals - POS | Developing own anon solution |

[maeglin]

Any news would make a jump on the price.

[redsn0w]

Brilliant idea. Also if it is possible, i would suggest to keep the anon source code locked for a while.

[Hoshimaru]

Any news would make a jump on the price.

If no one cares to share news on social networks, it will hardly be known by the public and those you target. Spread it on Twitter, Facebook, Reddit, gaming forum's you a member of, etc? I try to follow up on bitcointalk or twitter announcements on my blog too. Yesterday I wrote something about POSA and the improvements that will come to the betting service. But for now if its only the regular audience takes a look, it's hard to spread the word as well

For now, the sites' statistics are like this:

So it's better than expected, but not reaching enough people to make a difference, but that could be me, my writing or the site in general that's considered to be bad or not good enough

[ereborltc]

MineralsPR, what was done in the last few days to improve and more importantly promote the betting platform? Any progress?

We are currently doing transaction protection for betting service. The problem is there are certain moments when a transaction can be "chewed" by the system (for example, if you send your bet to the wallet generated for the previous betting round because you webpage was not refreshed in time - or you simply had the wrong address in the buffer) - to ensure that this will not going to happen we need to track every transaction made to the wallet associated with service and instantly (or within a small time frame) return it back to the user. The concept is fairly simple, however we found out that constant tracking eats a huge chunk of the server`s resource and we need further optimize code in order to avoid overloading when we will have significant amount of users made their bets. Those changes might be invisible from the outside, but absolutely crucial to ensure service stability and reliability.

Also, having coders on salary have its own downside - they tend to stop working on weekends.

I have said it before, but will say again. Wouldn't it be easier to set up a site much like and exchange with hot/cold wallets. Users sign up etc and deposit minerals to site wallet and it comes up on their profile. Then they are free to bet on lots of games with ease and not having to copy paste wallet addresses every time they want to make a bet. Quicker, easier, less load on the servers.

A++++++++++++++

[iaminitnow06]

Relax guys the anon will be implemented when the devs think it's completely viable. They are just in the 1st phase of it - a.k.a. 'The survey'. PR has said that they are actively talking to another dev who'll implement it. So a little bit of patience will help all of us  

[iaminitnow06]

I have said it before, but will say again. Wouldn't it be easier to set up a site much like and exchange with hot/cold wallets. Users sign up etc and deposit minerals to site wallet and it comes up on their profile. Then they are free to bet on lots of games with ease and not having to copy paste wallet addresses every time they want to make a bet. Quicker, easier, less load on the servers.

A betting site can be regulated. So it will be a centralized system. It can be taken down because of copyright infringement as the Minerals team and it's investors will benefit from it. For example: Bittrex, Mintpal ,etc.. can be sent a closure notice whenever governments want. Remember "Megaupload- KIM DOTCOM"
But each of the functions you mentioned, if they can be included in the wallet itself, will be revolutionary. It will be totally decentralised and controlled by the bloackchain itself. So they have to shut down the whole internet just to shut down Minerals betting  . Just look at pokerstars client if you want to have an idea of what I'm talking about.

[MineralsPR]

Brilliant idea. Also if it is possible, i would suggest to keep the anon source code locked for a while.

Yes it will be locked.

[X-Laboratories]

MineralsPR, what was done in the last few days to improve and more importantly promote the betting platform? Any progress?

We are currently doing transaction protection for betting service. The problem is there are certain moments when a transaction can be "chewed" by the system (for example, if you send your bet to the wallet generated for the previous betting round because you webpage was not refreshed in time - or you simply had the wrong address in the buffer) - to ensure that this will not going to happen we need to track every transaction made to the wallet associated with service and instantly (or within a small time frame) return it back to the user. The concept is fairly simple, however we found out that constant tracking eats a huge chunk of the server`s resource and we need further optimize code in order to avoid overloading when we will have significant amount of users made their bets. Those changes might be invisible from the outside, but absolutely crucial to ensure service stability and reliability.

Also, having coders on salary have its own downside - they tend to stop working on weekends.

I have said it before, but will say again. Wouldn't it be easier to set up a site much like and exchange with hot/cold wallets. Users sign up etc and deposit minerals to site wallet and it comes up on their profile. Then they are free to bet on lots of games with ease and not having to copy paste wallet addresses every time they want to make a bet. Quicker, easier, less load on the servers.

A++++++++++++++

AAA+

[mem_co]

My buy orders are set around 800. Please fill them up....

[jc12345]

Brilliant idea. Also if it is possible, i would suggest to keep the anon source code locked for a while.

Yes it will be locked.

I hope the devs act fast before its too late.

[Equate]

Brilliant idea. Also if it is possible, i would suggest to keep the anon source code locked for a while.

Yes it will be locked.

That's nice , keep it locked .

[iaminitnow06]

Brilliant idea. Also if it is possible, i would suggest to keep the anon source code locked for a while.

Yes it will be locked.

I hope the devs act fast before its too late.

Yes I think the time has really come to announce it, MineralsPR. Just don't let it too LATE.

[mem_co]

Yes it will be locked.

This is really good idea. I cross my fingers, so dev won't give up.

[X-Laboratories]

Yes it will be locked.

This is really good idea. I cross my fingers, so dev won't give up.

If you wait another few days...with nothing to bring...MIN is dead, delisted and byebye
Wake up young and lazy dev...you re losing an opportunity and sometimes is just one time in a life...beware.

[brownmon]

Is nothing going on with Minerals?  Subreddit is dead 

[jc12345]

Is nothing going on with Minerals?  Subreddit is dead  

The devs are getting a lesson in economics 101. As soon as the light goes on (after all the warnings and advice), things will turn around. It is up to the devs to wake up and smell the roses and deploy the emergency parachute if it is not too late already - the closer the airplane speeds to the mountain the more difficult it gets to swerve away from it. Then things can carry on as they were. At these low prices the effect of gearing also becomes a big problem, but to overcome that is is economics 102. Lets first get economics 101 sorted. However, let me give you a hint of whats to come in economics 102 - at low prices gearing causes a lot of 100% profit situations very easily, this means that buyers at these prices can make a lot of profit very quickly which is a big incentive to dump. It becomes very difficult to break away once under 1000 sats and the lower it goes the more difficult it gets. A change from 300 to 600 happens much more easy and quickly than a change of 30,000 to 60,000. A price range moving between 30,000-40,000 is a much more stable environment to carry on with the long term development work and easier to contain than a price range of 300-1000. A coin <1000 sats also becomes highly susceptible to manipulation. Lets not get ahead of ourselves though and let the devs first do their economics 101 homework. With enough luck it wont be necessary for the economics 102 class.

What is the essence of economics 101 in the context of crypto? You give the market what it wants (even if you don't agree with it) to maintain a high price and stable environment in which you can develop that which the market does not yet know it wants. You keep adding or adapting to what the market wants whatever that is and at some point the market will realise it wants the main feature you have been developing and then the first features become redundant. Each adaptation might take a week to do but might buy you a another 3-4 precious weeks of time to develop the main feature. The frequency of adaptation also depends on how long the current hot feature takes to wear off and a new fad hits the market. It is like  a rocket leaving the atmosphere - the first big gas tanks are just there to break away from the earth's gravity and once the rocket is in space the tanks can be dropped and the rocket's own engines kick in. You cannot expect a rocket to break free of gravity with its own engines. Lets hope mission control can land the rocket upright, attach the big gas tanks and let it take off again and this time it will deliver its precious payload in space.

Minerals is one of only a few coins with a solid real life use case and enormous potential. However, it is not possible to get to that desirable destination with an empty or no gas tank, under powered engine or without the necessary support.

[fonzie]

Is nothing going on with Minerals?  Subreddit is dead  

The devs are getting a lesson in economics 101. As soon as the light goes on (after all the warnings and advice), things will turn around. It is up to the devs to wake up and smell the roses and deploy the emergency parachute if it is not too late already - the closer the airplane speeds to the mountain the more difficult it gets to swerve away from it. Then things can carry on as they were. At these low prices the effect of gearing also becomes a big problem, but to overcome that is is economics 102. Lets first get economics 101 sorted. However, let me give you a hint of whats to come in economics 102 - at low prices gearing causes a lot of 100% profit situations very easily, this means that buyers at these prices can make a lot of profit very quickly which is a big incentive to dump. It becomes very difficult to break away once under 1000 sats and the lower it goes the more difficult it gets. A change from 300 to 600 happens much more easy and quickly than a change of 30,000 to 60,000. A price range moving between 30,000-40,000 is a much more stable environment to carry on with the long term development work and easier to contain than a price range of 300-1000. A coin <1000 sats also becomes highly susceptible to manipulation. Lets not get ahead of ourselves though and let the devs first do their economics 101 homework. With enough luck it wont be necessary for the economics 102 class.

What is the essence of economics 101 in the context of crypto? You give the market what it wants (even if you don't agree with it) to maintain a high price and stable environment in which you can develop that which the market does not yet know it wants. You keep adding or adapting to what the market wants whatever that is and at some point the market will realise it wants the main feature you have been developing and then the first features become redundant. Each adaptation might take a week to do but might buy you a another 3-4 precious weeks of time to develop the main feature. The frequency of adaptation also depends on how long the current hot feature takes to wear off and a new fad hits the market. It is like  a rocket leaving the atmosphere - the first big gas tanks are just there to break away from the earth's gravity and once the rocket is in space the tanks can be dropped and the rocket's own engines kick in. You cannot expect a rocket to break free of gravity with its own engines. Lets hope the devs can land the rocket upright, attach the big gas tanks and let it take off again and this time it will deliver its precious payload in space.

Minerals is one of only a few coins with a solid real life use case and enormous potential. However, it is not possible to get to that desirable destination with an empty or no gas tank, under powered engine or without the necessary support.

+10

[bigc1984]

looks like there is no buy support until less than 100 satoshi... oh well she's a goner.

[Stronci]

I think it is necessary to create a stream of Minerals on twich. This stream will show fights of streamers which registered in advance in a duel. Anyone can participate in stream. For this purpose it is necessary to submit an application and to choose time of translation of a duel (from available). The camera and microphone aren't obligatory. All fights are chronologically determined and begin at the beginning of each hour. Duration of fight is limited. If the player registered in a stream on Wednesday at 17:00, nobody can register on the same hour. The player has to confirm the participation before a duel - in 1-2-3 hours, differently its fight will be cancelled. For example the player can agree with the sparring partner about the forthcoming fight, or at the time of inclusion to choose the opponent in a network. The channel will have the corresponding design. There will be there an emblem of Minerals, a running line with information on winners, the forthcoming fights, quotations, news, etc. Between rounds and separate episodes splash screen will be shown. If in any interval there is empty time, that is shown record of fight from a database corresponding to duration to this time. Certainly it is possible to stake on each of fights. The channel will show information on rates, to show tables with statistics, etc.

[jc12345]

looks like there is no buy support until less than 100 satoshi... oh well she's a goner.

It depends.

If I continue the rocket analogy. The principle behind Minerals is solid and like a super high tech satellite. Unfortunately it is useless unless it is deployed in orbit. The dev team just have to implement ancillary measures to get it there. If the dev team remains hard headed, it will just be a paper weight and then you are right.