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Author Topic: Bitmark  (Read 607291 times)
mike88
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September 18, 2014, 01:12:44 AM
 #1401

soooon 1 Bitmark=1 Bitcoin Grin
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coinsolidation
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September 18, 2014, 01:23:57 AM
 #1402

How much is a mark worth? If I wanted to mark someone for posting a video, could I send him $5 worth in Mark's or is it a  set amount for each mark, like clicking the like button it's automatic. Why would anyone want to mark people money, when we can  look at adds  and get it all free. How would websites make money if there is no longer adds, would we all  have to send Mark's to the website to keep them going? I don't know if anyone would use this system over the current one.

Marking is a term, a mark is 0.001 BTM, you can mark with 5 units of precision, 1.23456₥ for example.

Everybody involved already marks everybody every day, all day, it is a natural thing to do. We do not mind giving half a cent or so for a good idea or picture or something. Sometimes more for better things.

If you have 100,000 views on an article, and get 25000 marks, then you have had a good day, and nobody has noticed giving half a cent or less each. You just click a button which says mark instead of share, and give the people some transferable spendable reputation, it is a nice thing to do.

Adverts are no longer required.

Bitmark (reputation+money) : Bitmark v0.9.4 (release)
mushroomfour9
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September 18, 2014, 01:25:02 AM
 #1403

maybe not BTC prices but i think it could easily get to $10 soon.
mushroomfour9
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September 18, 2014, 01:40:19 AM
 #1404

How much is a mark worth? If I wanted to mark someone for posting a video, could I send him $5 worth in Mark's or is it a  set amount for each mark, like clicking the like button it's automatic. Why would anyone want to mark people money, when we can  look at adds  and get it all free. How would websites make money if there is no longer adds, would we all  have to send Mark's to the website to keep them going? I don't know if anyone would use this system over the current one.

Marking is a term, a mark is 0.001 BTM, you can mark with 5 units of precision, 1.23456₥ for example.

Everybody involved already marks everybody every day, all day, it is a natural thing to do. We do not mind giving half a cent or so for a good idea or picture or something. Sometimes more for better things.

If you have 100,000 views on an article, and get 25000 marks, then you have had a good day, and nobody has noticed giving half a cent or less each. You just click a button which says mark instead of share, and give the people some transferable spendable reputation, it is a nice thing to do.

Adverts are no longer required.

what makes this different from doge microtransactions, there is a doge tipbot on facebook but no one uses it.
coinsolidation
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September 18, 2014, 03:03:38 AM
 #1405

what makes this different from doge microtransactions, there is a doge tipbot on facebook but no one uses it.

Exactly. There is no rush, we are not trying to sell you anything. Pop back in a couple of weeks when we have marking being used actively in a few places and try it, see what you think then. Maybe you could tell us.

Bitmark (reputation+money) : Bitmark v0.9.4 (release)
mushroomfour9
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September 18, 2014, 04:15:50 AM
 #1406

what makes this different from doge microtransactions, there is a doge tipbot on facebook but no one uses it.

Exactly. There is no rush, we are not trying to sell you anything. Pop back in a couple of weeks when we have marking being used actively in a few places and try it, see what you think then. Maybe you could tell us.
what places are you working with? Do you think marking will ever be on Facebook or Twitter?
emdje
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September 18, 2014, 05:55:00 AM
 #1407

Difficulty made a very weird jump. It went from 642.97400619 to 160.something (estimate was about 360) to exactly 642.97400619 again.  Huh
coinsolidation
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September 18, 2014, 05:57:03 AM
 #1408

Difficulty made a very weird jump. It went from 642.97400619 to 160.something (estimate was about 360) to exactly 642.97400619 again.  Huh

The maximum change is 4x up or down. /4 x4.

Bitmark (reputation+money) : Bitmark v0.9.4 (release)
emdje
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September 18, 2014, 06:00:45 AM
 #1409

Ooo yes of course stupid of me  Grin thnx
klopper
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September 18, 2014, 06:05:01 AM
 #1410

Difficulty made a very weird jump. It went from 642.97400619 to 160.something (estimate was about 360) to exactly 642.97400619 again.  Huh

Every 720 blocks the difficulty changes. So it will be most profitable to mine the 720 easy blocks, but your payout will be slow as it takes 720 blocks to mature.
So the miners will need to put some hash to it also at the high diff blocks to get their payout. This ensures that miners wont be dumping, but selling of slowly (if they sell, i think alot just hold).

Just another genious thing about this coin. Smiley
coinsolidation
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September 18, 2014, 06:14:14 AM
 #1411

Difficulty made a very weird jump. It went from 642.97400619 to 160.something (estimate was about 360) to exactly 642.97400619 again.  Huh

Every 720 blocks the difficulty changes. So it will be most profitable to mine the 720 easy blocks, but your payout will be slow as it takes 720 blocks to mature.
So the miners will need to put some hash to it also at the high diff blocks to get their payout. This ensures that miners wont be dumping, but selling of slowly (if they sell, i think alot just hold).

Just another genious thing about this coin. Smiley

When it is slow there is less currency mined too, sometimes 5x less.

BTM Supply: 792240 BTM, and we had planned: 957700 BTM - there is 165460 less BTM in the world

So while the hashrate is slow you find there is no currency released that was just mined, and no new currency to speak of. 2-3000 BTM per day when the trading volume is 10-20x that is not much.

Bitmark (reputation+money) : Bitmark v0.9.4 (release)
Este Nuno
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September 18, 2014, 06:26:55 AM
 #1412

Ooo yes of course stupid of me  Grin thnx

Hello. I remember you from the BTM launch I believe, back in July. Smiley
emdje
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September 18, 2014, 08:39:05 AM
 #1413

Ooo yes of course stupid of me  Grin thnx

Hello. I remember you from the BTM launch I believe, back in July. Smiley

yes true, I have been mining it ever since. (when my rig is not rented out). But my mere 30MH is not so much compared to the big players.
mike88
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September 18, 2014, 09:17:34 AM
 #1414

the race has begun guyyss..

Buy some BTC Grin

go to the moooooooon
tobeaj2mer01
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September 18, 2014, 09:57:35 AM
 #1415

What's special about this coin?
DEV for sure  Smiley
This was not another copy&paste coin, look at first post to see the whole background behind bitmark.
It's my favourite scrypt coin.

For sure it's DEV, this is the most special.

Sirx: SQyHJdSRPk5WyvQ5rJpwDUHrLVSvK2ffFa
coinsolidation
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September 18, 2014, 12:07:54 PM
 #1416

Added a pool for this cool coin too !

Thank you for adding. OP updated.

Bitmark (reputation+money) : Bitmark v0.9.4 (release)
jabo134
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September 18, 2014, 12:09:33 PM
 #1417

I really like this coin and see the dedication the project Bitmark team has.  I am making a small donation in BTM to the foundation and in BTC for development.
coinsolidation
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September 18, 2014, 12:33:09 PM
 #1418

I really like this coin and see the dedication the project Bitmark team has.  I am making a small donation in BTM to the foundation and in BTC for development.

Thank you for both of your donations, they will be put to good use as they can be most optimally used.


Bitmark (reputation+money) : Bitmark v0.9.4 (release)
Winky
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September 18, 2014, 01:08:55 PM
 #1419

On which pool are the most miners?
coinsolidation
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September 18, 2014, 01:20:46 PM
 #1420

On which pool are the most miners?

We crafted the bitmark block rewards to give a fair reward to all consistent miners regardless of which pool they are on, if you are mining for more than a few hours then spread your hash or solo mine and you will get your fair share of rewards. This will also make the network stronger and more resilient.

There is no benefit to everybody being on one pool, the opposite is true.

Bitmark (reputation+money) : Bitmark v0.9.4 (release)
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