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threecats
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August 23, 2014, 07:18:18 AM |
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Seems to me the GUI is going to be really important here. It needs to strike a balance between the complexity of the teleporting going on under the hood, and the simplicity and cleanness of user experience.
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jl777
Legendary
 Offline
Activity: 1176
Merit: 1132
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August 23, 2014, 07:34:06 AM |
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Seems to me the GUI is going to be really important here. It needs to strike a balance between the complexity of the teleporting going on under the hood, and the simplicity and cleanness of user experience.
yes, no user should have to open the hood and see all the crazy tech going on. Just normal progress bars and lists of payments. The only thing is how to deal with partially completed teleports, have to get user to do stuff and that means they need to know what went wrong and what the options are. This is an area anybody can help with and you will probably do better than me. I think just typing text commands in console is user friendly because you dont have to write any code to do it  James |
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Framewood
Newbie
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Activity: 49
Merit: 0
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August 23, 2014, 08:39:18 AM |
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BTCD price on NXT AE is bid .005 and ask .0057
and seems the rest is following right now nom nom nom  bid for 2000+ mgwBTCD .006 and ask .0072 for 150 mgwBTCD need more sellers! this is more than 20% premium over bittrex and 25% premium over cryptsy is anybody getting withdrawals processed from cryptsy? they are refusing to send me my BTCD for over a week  James Withdraws from Crypsy are working fine for me, BTCD and other coins. Within 15 to 30 min. I know people bag Cryptsy but the last time I had an issue with them was back in December. Maybe it is an issue with the volume you move? On the other hand Bter scares the shit out of me, I've had more problems with them. |
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jl777
Legendary
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Activity: 1176
Merit: 1132
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August 23, 2014, 08:41:28 AM |
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while they think about doing it, we will be using it very soon as this part is already been working for a while. they copied even the monetization ideas I had, but I changed plans as few people will pay $15/mo for this, especially when the cost for BTCD will be, free They are making these masternodes requiring thousands of dollars to make all the money. BTCD is so everyone makes money. James |
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valarmg
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August 23, 2014, 09:10:56 AM |
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One thing you are overlooking is that BTCD compounds at 5% per year, for long term hodler this is very powerful, it will take some years but BTCD will end up doubling initial dividends, whatever they are, if you are hodling long term. InstantDEX does not give you more InstantDEX.
But the supply goes up by the same amount, so getting 5% doesn't give you any extra in effect. If you start off with x% of total BTCD supply, and gain 5% every year forever, you'll still end up with x% of BTCD. The only difference (compared to 0% increase like InstantDex) is that the individual BTCDs will be decreasing in price (assuming fixed demand). If 5% was powerful, why not make it 50%? In my opinion, mgwBTCD shouldn't be getting dividends. Dividends should only be for staking BTCD. But the MGW operators could stake with the gateway-deposited BTCD, receive dividends for that and decide to pay that out to mgwBTCD. That seems much cleaner. Otherwise, what about other gateways (say someone made a mgw2BTCD), other assets that BTCDs could be used to buy (why is mgwBTCD an exception), it all gets complicated. There's also the timestamping issue. Will people be able to get dividends twice if they stake and then put their BTCD into the multigateway at a certain time just to receive extra dividends. the ones that stake will get more than the dilution, maybe the effect is like 1.5% to 2% net, at least that is what I am seeing now. At worst BTCD stakers maintain their percentage and this compounds, so it is something assets dont do. 5% inflation allows for many decades of continued income that will have the effect of distributing to a much bigger base of people than if it was 50%, which would exhaust the supply in a few years. multisig BTCD does not stake, so if this is a big amount, it further increases the 1.5% to 2% net compounding this is why I want to at least get the mgwBTCD hodlers a dividend. BTCD cannot both stake and be in mgwBTCD form at the same time, not sure how anybody can do what you suggest. I can get dividend list as of any timestamp. All the staking is also timestamped. Where is the problem (other than coding it?) James P.S. We can have a poll on whether mgwBTCD should receive proportional share of BTCD hodler's revenue share 5%inflation==0%inflation==50%inflation when they are returning back to those who own them. Because it's not the actual number of BTCDs that matter, it's the percentage of supply. So inflation does not provide income, it just maintains the status quo in terms of how many BTCD you own. If there were 1 million BTCD in existence and you held 10,000 that is exactly the same as holding 100,000 when there are 10million BTCDs in existence (You don't suddenly become super happy because you now have 90,000 more units). So the 5% is not (in effect) producing extra BTCDs that can improve distribution, it's just diluting the worth of each individual BTCD. That said, I agree that people who do stake may get 1% to 2% extra, net, if others don't stake. Which is good thing, be interesting to see how much that gets people staking longterm. The only thing is that, at the moment, it's based on coin age, so people can be intending to stake for a day once every few months. This will give them their stake as if they had been continually staking, so might skew the day-to-day figures you are seeing. As for giving dividends to mgwBTCD owners, this is bad from an economic incentive point of view. Say a person wants to get dividends for their BTCD. Two choices, stake or have them in mgwBTCD. Staking implies a cost, either leaving your computer on or having a VPS node. So putting them in mgwBTCD is cheaper. What happens if that incentive encourages 30/40/50% of the supply of BTCD to be put into mgwBTCD. First, none of them is staking, so you are reducing the BTCD network (maybe by a large degree if lots of small stakeholders use this tactic.) Second, all the stake is concentrated in one place. This is very bad for a PoS coin, we've already seen what has happened to Nxt and Vericoin when lots of the coin where in one exchange. (Bter actually paid people a small % for holding Nxt in their exchange, probably one of the reasons so much Nxt was concentrated there.) Holding a large percentage would also give MGW operators a lot of power over the coin: Do we want MGW to be the ghash of BTCD? Why incentivize people to hold their money in an exchange, this goes against what everyone in crypto has been shouting against for years. If you want the BTCD tied up in MGW to be able to stake, why not make multisig wallets able to stake? |
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Azeh (OP)
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August 23, 2014, 09:22:42 AM |
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OP UPDated! Due to the Chinese whisper campaign, we're likely to see some interest. I've put a link to the Chinese version of the Darkpaper at the top of the OP for more visibility. New Visitors please take a look at the following for more information about BitcoinDark!
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SpringfieldM1A
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August 23, 2014, 10:12:27 AM |
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OP UPDated! Due to the Chinese whisper campaign, we're likely to see some interest. I've put a link to the Chinese version of the Darkpaper at the top of the OP for more visibility. New Visitors please take a look at the following for more information about BitcoinDark!
Nice job Azeh. If the Chinese start taking interest in BTCD things will go ballistic very soon. I love it how BTCD is on a steady uptrend for the last couple of weeks, it's just waiting for an epic breakout. |
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SpringfieldM1A
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August 23, 2014, 10:22:02 AM |
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Someone just tweeted BTCChina about BTCD  |
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Counterpartybtc
Member
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Activity: 87
Merit: 10
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August 23, 2014, 10:46:56 AM |
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Someone just tweeted BTCChina about BTCD wow, maybe BTCChina will list BTCD, |
Bitnet. VkufgUMzowfCZ895GbEsYEnt8vJ2FtEPCF
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SpringfieldM1A
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August 23, 2014, 10:49:30 AM |
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Someone just tweeted BTCChina about BTCD wow, maybe BTCChina will list BTCD, If that happens we will take the second spot at Coinmarketcap within 1 week. |
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threecats
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August 23, 2014, 11:27:54 AM |
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am i the only one who is seeing a GUI where the amount being teleported sits on a little pad and gets visually beamed up, like star trek, with the beaming matched to the progress until completed ...?
that would be cool.
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PhilipMorris
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August 23, 2014, 11:41:41 AM |
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I currently have about 400 BTCD on an exchange. Would it be worth it to take these coins off there and let them stake? How much BTCD could I stake per day?
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IceColdTommy
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August 23, 2014, 11:43:51 AM |
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I currently have about 400 BTCD on an exchange. Would it be worth it to take these coins off there and let them stake? How much BTCD could I stake per day?
You wont stake much but its better to keep coins in wallet not in exchange |
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bitcoinpaul
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August 23, 2014, 11:59:48 AM |
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am i the only one who is seeing a GUI where the amount being teleported sits on a little pad and gets visually beamed up, like star trek, with the beaming matched to the progress until completed ...?
that would be cool.
Yeah, bad GUI suggestion. It's not 1999. |
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ASICHEAD
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August 23, 2014, 12:18:46 PM
Last edit: August 23, 2014, 12:51:06 PM by ASICHEAD |
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hopefully mintpal will add BTCD I can't handle cryptsy anymore
bittrex is great but there is always so much cheap BTCD on cryptsy... please stop using them
If Mintpal Add BTCD, the Best Chance for Mintpal to Escape of Stagnation after the VRC Hack and opportunity for transforming BTCD to Sky Rocket.  |
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jeezy
Legendary
Offline
Activity: 1237
Merit: 1010
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August 23, 2014, 12:21:58 PM |
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OP UPDated! Due to the Chinese whisper campaign, we're likely to see some interest. I've put a link to the Chinese version of the Darkpaper at the top of the OP for more visibility. New Visitors please take a look at the following for more information about BitcoinDark!
Great job. Let's see if China can pump this to the moon. |
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Afridon
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August 23, 2014, 12:27:28 PM |
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wow.i come from china and i saw the whitepaper,quite impressive!!!
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Shurugwi
Member
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Activity: 117
Merit: 10
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August 23, 2014, 12:28:24 PM |
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OP UPDated! Due to the Chinese whisper campaign, we're likely to see some interest. I've put a link to the Chinese version of the Darkpaper at the top of the OP for more visibility. New Visitors please take a look at the following for more information about BitcoinDark!
I think BTCD could really use a 2 minute video like https://www.youtube.com/watch?v=Gc2en3nHxA4 to introduce the non technical masses to the goodness that is happening here. |
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jeezy
Legendary
Offline
Activity: 1237
Merit: 1010
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August 23, 2014, 12:31:53 PM |
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OP UPDated! Due to the Chinese whisper campaign, we're likely to see some interest. I've put a link to the Chinese version of the Darkpaper at the top of the OP for more visibility. New Visitors please take a look at the following for more information about BitcoinDark!
I think BTCD could really use a 2 minute video like https://www.youtube.com/watch?v=Gc2en3nHxA4 to introduce the non technical masses to the goodness that is happening here. Someone with the proper video editing and graphical skill would need to do this. I think it would be quiet good for the whole BTCD community. |
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Poll
