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Question: What should we call a single unit of MUE?
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Author Topic: [ANN] MonetaryUnit [MUE] - X11. MasterNodes. Funding. Governance. Services. Devs  (Read 358639 times)
Mue
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September 11, 2014, 09:24:11 AM
 #1

Dear co-MUE-nity, please check you are on the right chain
https://chainz.cryptoid.info/mue/
& update to latest wallet
https://github.com/muecoin/MUECore/releases/tag/v1.0.3.2
___________________
1) If you missed the cutoff for swapping of 25th June 2017, we ask you to be patient.
We will look at every late swap appeal on a case by case basis, but request you to not make those now, we will open up appeals asap once our systems are fully robust.
This swap ONLY applies to MUE that was bought or mined BEFORE June 25th, 5.30pm UK time, and is designed to help MUE holders who were unable to swap in time.

____________________________________________________
2) $MUE public service announcement.
DO NOT buy $MUE from
@BLEUTRADE - Bleutrade.com
@CryptoCurrEncyX - C-cex.com
@YobitExchange  - Yobit.net
They're on old fork you WILL lose coins!!

____________________________________________________

Resync your windows wallet
https://bitcointalk.org/index.php?topic=778322.msg20279635#msg20279635

Resync your VPS MasterNode
https://bitcointalk.org/index.php?topic=778322.msg20279649#msg20279649

____________________________________________________

3) MonetaryUnit launched 27th July 2014 as a 100% POW Quark Clone.
On June 25th 2017, we re-launched as a X11 Dash clone with MasterNodes
____________________________________________________



ssssssssssssssssssssssssssssssss

sssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssss sssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssss ss

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MonetaryUnit [MUE] Details:


Technical Specifications
 


    • Coin supply 4,000,000,000 over 120 years.
    • Block reward 40 MUE per block
    • Block reward split 45% to POW, 45% to MNs, 10% for budget allocation.
    • Block time 40 seconds.
    • MasterNodes require 500,000 MUE collateral
    • MasterNode shares available. 1 share minimum is 10k MUE, instant earnings and 10% maintenance fee - www.MyMUE.com



    Development
     
    https://github.com/MUEcoin/
     

     


     
     

    Website links
     


     


     
     

    Wallets
     

     


     
     

    Social media
     
     
    Slack: - register here https://mueslack.herokuapp.com/
    FaceBook: http://www.FaceBook.com/MonetaryUnit/  
    Twitter: http://www.Twitter.com/MonetaryUnit
      

     


     
     

    Services
     


     


     
     

    Exchanges
     


     


     
     

    Pools
     


     


     
     

    Retailers


    Places to spend your hard earned MUE:

    Online stores:

    Merchant API and Gateway:



     


     
     

    News
     
    • Strategic partnership with www.AntiBlanks.com offering us creative, marketing, PR and branding services
    • Contract signed with commercial partner to offer I.T/Electronics retail website on www.MUEX.io payable in crypto
    • Exclusive deal signed giving MUE sole rights to the CryptX portfolio of crypto software solutions - Includes MyMUE.com, WebWallets.IO, CoinBuy.IO & more!


     


     
     

    Multimedia

     


     
     

    Promo BBCode Signatures




     


     
     

    Bounties

     


     
     

    Positions in the MonetaryUnit project
     
    • Project manager - bizzyb
    • Developers - pjcltd, swtrse, bbobb, roslinpl, sojuz88, sotblad, mapsi-fixi, scorpion9979
    • Project support - The_Prof, TheBoccet, c4, Johans
    • The MonetaryUnit Foundation - http://monetaryunitfoundation.org/
    • Any support for the project welcome - contact us if you have a particular project you would like to work on Smiley


     


     
     

    Deflationary nature of MonetaryUnit [MUE] leading to a stabilised long term price
     
    FROM                           TO                    Total in circulation       INFLATION %
                                 30/01/2015                47,105,759  
    31/01/2015              30/01/2016                78,728,159                    60%
    31/01/2016              30/01/2017              110,350,559                    29%
    31/01/2017              30/01/2018              141,972,959                    22%
    31/01/2018              30/01/2019              173,595,359                    18%
    31/01/2019              30/01/2020              205,217,759                    15%
    31/01/2020              30/01/2021              236,840,159                    13%
    31/01/2021              30/01/2022              268,462,559                    12%
    31/01/2022              30/01/2023              300,084,959                    11%
    31/01/2023              30/01/2024              331,707,359                    10%
    31/01/2024              30/01/2025              363,329,759                    9%
    31/01/2025              30/01/2026              394,952,159                    8%
    31/01/2026              30/01/2027              426,574,559                    7%
    31/01/2027              30/01/2028              458,196,959                    7%
    31/01/2028              30/01/2029              489,819,359                    6%
    31/01/2029              30/01/2030              521,441,759                    6%
    31/01/2030              30/01/2031              553,064,159                    6%
    31/01/2031              30/01/2032              584,686,559                    5%
    31/01/2032              30/01/2033              616,308,959                    5%
    31/01/2033              30/01/2034              647,931,359                    5%
    31/01/2034              30/01/2035              679,553,759                    5%
    31/01/2035              30/01/2036              711,176,159                    4%
    31/01/2036              30/01/2037              742,798,559                    4%
    31/01/2037              30/01/2038              774,420,959                    4%
    31/01/2038              30/01/2039              806,043,359                    4%
    31/01/2039              30/01/2040              837,665,759                    4%
    31/01/2040              30/01/2041              869,288,159                    4%
    31/01/2041              30/01/2042              900,910,559                    4%
    31/01/2042              30/01/2043              932,532,959                    3%
    31/01/2043              30/01/2044              964,155,359                    3%
    31/01/2044              30/01/2045              995,777,759                    3%
    31/01/2045              30/01/2046              1,027,400,159                  3%
    31/01/2046              30/01/2047              1,059,022,559                  3%
    31/01/2047              30/01/2048              1,090,644,959                  3%
    31/01/2048              30/01/2049              1,122,267,359                  3%
    31/01/2049              30/01/2050              1,153,889,759                  3%

     


     
     

    Philosophy
     
    MonetaryUnit launched July 27th 2014.

    Secure fast transactions are near instant.
    Low per unit value targets usability such as retail, tipping, trading, and everyday use.

    Designed to be an inclusive cryptocurrency, with initially low rewards gradually increasing over 5 months and then a fixed block reward of 40 MUE per block (40 seconds) ongoing.
    There is no block halving which is common to so many other cryptocurrencies, instead, MonetaryUnit(MUE) is designed to allow newcomers to become involved at any stage.

    In the short term MUE is migrating to X11 POW with MasterNodes.
    The move will be decisive, taking advantage of the hugely succesful, stable & well developed DASH code base.
    This move will attract more miners to help secure the network due to the ease which X11 can be mined.
    MasterNodes will require an investment collateral of 500,000 MUE & provide ~25%+ ROI which will attract investors.
    10% of the generated block rewards will be set aside for the use of the project for further development.
    These combine to reduce the liquidity in the market which should be reflected in a growing price, and provide the project with a long term sustainable future.

    The medium/long term success of MUE is not relying soley on new investment & reduced market liquidity.
    The team are looking at many innovative & attractive projects designed to attract even more users, miners & investors such as gaming portals, trading bots and white label projects.

    MonetaryUnit (MUE)
     
    Not aimed solely at miners, investors, or traders, it is aimed to be palatable to the general public.
     
    For Cryptocurrency to break out of it's techno-niche, it has to break it's techno-mould.

    Read More

    In the press



    Roadmap

    To view our road map, project progression and product/service pipeline please visit our Taiga Kanban at
    https://tree.taiga.io/project/monetaryunit-monetaryunit/kanban

    The image below shows you how easy it is to view the bigger picture of the MonetaryUnit project


     
     

    Really look forward to you getting on-board to help promote and get involved with MUE.
     
    Please note, DO NOT post your wallet address or insubstantial posts in this thread.  We will report such posts, and it may get you banned.
    Please follow the ANN guidelines and only visit the give away link on the external sites.  Thanks & enjoy !
     
        MonetaryUnit Intro! By Peter Visser
     
     
     
     

    [/list]

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    September 11, 2014, 10:45:47 AM
     #2

    Glad to see you again)

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    September 11, 2014, 10:46:53 AM
     #3

    I've had all my computers 1-thread mining this coin since launch. I really like the anti-profit concept and would be interested to see it on an exchange.

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    September 11, 2014, 11:11:43 AM
     #4

    Glad to see you again)
    Thank you, glad to be back.
    Mistakes were made with the initial ANN, and I only have myself to blame for that, and subsequent ban.
    Thankfully the nature of the release of the blocks always meant that there was a long period of time to allow lots of people the opportunity to get involved, which I hope they do.

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    September 11, 2014, 11:18:06 AM
     #5

    I've had all my computers 1-thread mining this coin since launch. I really like the anti-profit concept and would be interested to see it on an exchange.
    and thank you for the continued support.
    1 thread mining for everyone would be so perfect for the long term success of MonetaryUnit, though I understand most will likely mine at their peak rate for best returns, which is fair enough.

    Included in the ANN there is a significant bounty for developing a "plug and play" Raspberry Pi miner that we could sell at minimum margin to get "Joe public" involved. Say £50 ish, everyone would also get some "starter" MUE deposited to their wallet on purchase to get them off to a roaring start.

    Exchange - Yes, I understand the general significance of this for most miners.  Let's see how things progress.  Ideally I would like to have used all the pre-mine before doing this to avoid any potential scam accusations etc etc- we'll see Smiley

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    September 11, 2014, 06:24:49 PM
     #6

    Difficulty really low, with plenty of opportunity for miners to find blocks.
    Difficulty:
    2.59002708
    Difficulty can be easily checked at the block explorer http://muechain.info/

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    September 11, 2014, 10:19:30 PM
     #7

    Do we have a possible exchange this might be on?
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    September 12, 2014, 08:09:00 AM
     #8

    Do we have a possible exchange this might be on?

    None yet, but is something I am looking at as a possibility in the medium term.
    I understand the pressure miners will put for this to be listed on an exchange, however, (the short) history of alts shows us that getting listed too early can be the undoing of a coin.
    Watch this space though Smiley

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    September 12, 2014, 09:08:27 AM
     #9

    yea that is true dont want that to happen. And btw i love mining from the wallet good work on that. accumulating coins quite nicely now lol
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    September 12, 2014, 09:32:25 AM
     #10

    yea that is true dont want that to happen. And btw i love mining from the wallet good work on that. accumulating coins quite nicely now lol
    Thanks, yes this was one of the things that I really wanted with the wallet, i.e auto mines (on 1 thread) on install without user input.

    Obviously, mining rate can be increased as the user wants, but to make this easier for the less technically savvy to use, I think this is a useful feature to have, and helps with overall adoption (hopefully).

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    September 12, 2014, 09:40:37 AM
     #11

    This is old coin as I understand, no exchanges and standalone miner.
    Mining is just for fun?


     
             ▄▄█████████▄▄
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        ▀████▄▄▄██████▄▄▄████▀
          ▀▀██████████████▀▀
    TIDEX



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    September 12, 2014, 09:52:49 AM
     #12

    This is old coin as I understand, no exchanges and standalone miner.
    Mining is just for fun?
    Well, mining is fun for sure! :p

    Services will develop over time, as the coin, community and adoption matures...plus I have to pay for these things too remember.

    The crypto world is funny isn't it...when we can look at an alt coin that is less than 2 months and be called "old"....highlights what an exciting and dynamic time we're in....

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    September 12, 2014, 09:55:11 AM
     #13

    Good luck!


     
             ▄▄█████████▄▄
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        ▀████▄▄▄██████▄▄▄████▀
          ▀▀██████████████▀▀
    TIDEX



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    September 12, 2014, 09:59:31 AM
     #14

    Good luck!
    Thank you  Wink

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    September 12, 2014, 10:17:16 AM
     #15

    I like the ideology behind this coin and that it can be mined directly from the wallet
    But I dont like the unlimited supply angle behind it. That really has no place in Cryptos
    imho.

    Quote
    Virtually unlimited coin supply (1 quadrillion cap)

    But I wish the dev and the community all the best for this coin Smiley

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    September 12, 2014, 11:15:09 AM
     #16

    I like the ideology behind this coin and that it can be mined directly from the wallet
    But I dont like the unlimited supply angle behind it. That really has no place in Cryptos
    imho.

    Quote
    Virtually unlimited coin supply (1 quadrillion cap)

    But I wish the dev and the community all the best for this coin Smiley
    Thanks for taking the time to look at our ANN and feedback.

    Do you know what Marmite is? (or perhaps Vegemite)?
    Well, I think MonetaryUnit is the crypto equivalent of Marmite..i.e you will love it or hate it...

    In many ways I wanted MUE to be a sort of distorted reflection of fiat, which, has done rather well in terms of adoption....and I think for adoption, people will need to feel some sort of familiarity with their good old trusty notes...i.e inflation, liquidity, availability etc

    I'll perhaps update the FAQ with regards to cap http://www.monetaryunit.org/faq/

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    September 12, 2014, 08:27:44 PM
     #17

    Latest service addition update.
    Twitter tipbot and mining pool now live.
    Details added to the ANN, please check for details.
    More to come over the coming weeks including wallet apps and more.
    Watch this space, will update as things progress.

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    September 14, 2014, 11:27:01 AM
     #18

    Only few miners, I think the main issue is unlimited coins
    40 000 000 coins would be enough but then you have to relaunch.
    Anyway, you should do something about it quicly.


     
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    TIDEX



    Mue
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    MonetaryUnit. For Me,yoU,Everybody.


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    September 15, 2014, 08:00:25 AM
     #19

    Only few miners, I think the main issue is unlimited coins
    40 000 000 coins would be enough but then you have to relaunch.
    Anyway, you should do something about it quicly.
    Hi, thanks for taking the time to feedback.
    I do understand what you are saying, and clearly you'ré not alone in that thinking.

    OK, this is how I view it.

    MonetaryUnit will, should it succeed in the long term, be a low per unit fiat valued crypto.
    As such, I don't see why (other than micro payments and fees) it would really need to be spent in non whole numbers.

    Now, Bitcoin, for example, let's say it does hit $10,000/BTC in the next 3 years (not out of the realms of possibility at all), and you wanted to say send someone some dust, you have to start counting fingers and toes to make sure you haven't missed a decimal place etc (overly simplified I know!).

    So, as BTC can be split into up to 8 decimal places (at the moment) and it is quite possible it will have a very high per unit fiat value in the short to medium term (maybe even £1M at some point), you could argue that the 21 million cap of BTC, could actually be viewed as 21,000,000 x 100,000,000 = whatever that big number is ??
    2,100,000,000,000,000 and
    1,000,000,000,000,000 is the MonetaryUnit cap

    The whole psychology that there is only going to be 21M BTC is I think a little bit of PR & marketing spin.

    Granted, MUE CAN be split into much smaller pieces, but I don't see much reason why it would be as it should keep a nice low value to allow for liquidity and spending etc and not holding.

    I think this makes sense having read it back to myself.  So, yes, although on the face of it 1 quadrillion MUE is a rather large number, hopefully with regards to it's intended use, it actually is a lower cap than BTC will be!

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    September 15, 2014, 10:01:24 AM
     #20

    Only few miners, I think the main issue is unlimited coins
    40 000 000 coins would be enough but then you have to relaunch.
    Anyway, you should do something about it quicly.
    Hi, thanks for taking the time to feedback.
    I do understand what you are saying, and clearly you'ré not alone in that thinking.

    OK, this is how I view it.

    MonetaryUnit will, should it succeed in the long term, be a low per unit fiat valued crypto.
    As such, I don't see why (other than micro payments and fees) it would really need to be spent in non whole numbers.

    Now, Bitcoin, for example, let's say it does hit $10,000/BTC in the next 3 years (not out of the realms of possibility at all), and you wanted to say send someone some dust, you have to start counting fingers and toes to make sure you haven't missed a decimal place etc (overly simplified I know!).

    So, as BTC can be split into up to 8 decimal places (at the moment) and it is quite possible it will have a very high per unit fiat value in the short to medium term (maybe even £1M at some point), you could argue that the 21 million cap of BTC, could actually be viewed as 21,000,000 x 100,000,000 = whatever that big number is ??
    2,100,000,000,000,000 and
    1,000,000,000,000,000 is the MonetaryUnit cap

    The whole psychology that there is only going to be 21M BTC is I think a little bit of PR & marketing spin.

    Granted, MUE CAN be split into much smaller pieces, but I don't see much reason why it would be as it should keep a nice low value to allow for liquidity and spending etc and not holding.

    I think this makes sense having read it back to myself.  So, yes, although on the face of it 1 quadrillion MUE is a rather large number, hopefully with regards to it's intended use, it actually is a lower cap than BTC will be!
    OMG bro your back happy days !!

    AMBROSUS

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