[ANN] MonetaryUnit [MUE] - POS. MasterNodes. Funding. Governance. Services. Devs

[Mue]

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 !!

Good to be back to get the involvement of the BitcoinTalk community
It's still very early days for MonetaryUnit, so all support is appreciated!

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[rigdeer]

MUE, glad to see you back again.!

[rigdeer]

Mue, bro,suggest you make a free share distribution,like the RSunit.it will be better.

[loonb]

How we can use pool mining?

[Mue]

How we can use pool mining?

You will need to set up mining software.
This is for advanced users so we can't support it.  We have as you may have noticed set up a mining pool (details in the ANN) for those users wanting to take advantage of using an approved pool.
You "might" be able to get Quark mining software running for MUE, as it is based on Quark....I used this link quite some time ago for mining Quark and it seemed to work, though I cannot approve or verify the software http://www.quarkcoins.com/mining-quarkcoin.html

[Mue]

MUE, glad to see you back again.!

Thanks for the support, we definitely are very happy to be back in the BitcoinTalk community

[siliconchip]

2 months has passed,still no exchange?

[adoalli]

40,000,000 MUE pre-mine

 

[Mue]

2 months has passed,still no exchange?

Just out of interest how would you go about doing a coin launch?

[Mue]

40,000,000 MUE pre-mine

 

Thanks for the intelligent discussion  

Please read the FAQ http://www.MonetaryUnit.org/faq/
Nearly 1 million MonetaryUnit has already been used for services, promotions and give-aways with much more significant services planned in the short term.

If you want to add to discussion please do, but what you have provided does little for anyone, and only implies you haven't taken the time to read the ANN, read the FAQ and get a bigger picture of what we are offering.

[Mue]

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.

Virtually unlimited coin supply (1 quadrillion cap)

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

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/

I have updated the FAQ to reflect the philosphy with regards to the coin supply (point 14.)

[minerjoen]

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.

Virtually unlimited coin supply (1 quadrillion cap)

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

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/

I have updated the FAQ to reflect the philosphy with regards to the coin supply (point 14.)

good to see ur back, stil pow ?

[invisiblem11]

exchange?

[Mue]

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.

Virtually unlimited coin supply (1 quadrillion cap)

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

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/

I have updated the FAQ to reflect the philosphy with regards to the coin supply (point 14.)

good to see ur back, stil pow ?

Thank you, good to be back.
Yep, still POW, but not much work required   Plenty of block availability, low difficulty, and plenty of services on the way imminently.
You can quickly check difficulty at our block explorer http://www.MUEchain.info/.
We are about to hit block 120,000, so the block reward will be doubling again to 4 MUE per block in just over 8 hours.

[segregation]

@Dev,
40,000,000 MUE pre-mine
(2160 MUE/day)
Are you kidding us?
Plz publish your premined address ! 

[abats]

Dev，algorithm quark？

[majeis]

Ironic name is ironic?

[segregation]

@Dev,
40,000,000 MUE pre-mine
(2160 MUE/day)
Are you kidding us?
Plz publish your premined address ! 

Otherwise ,this is abosolutely a standard scam

[Mue]

Dev，algorithm quark？

Yep

Ironic name is ironic?

I guess there is a joke there somewhere, but I'm too tired to notice it..might need some help....

@Dev,
40,000,000 MUE pre-mine
(2160 MUE/day)
Are you kidding us?
Plz publish your premined address !  

Otherwise ,this is absolutely a standard scam

Well that's fair enough, I hadn't thought of doing it before and I think that is a reasonable and sane request
7S2bFvk5opJthEYtQd23GswtnBMqe8fVc6

Please also, do take the time to read the FAQ which I have lovingly put together.
If anything needs adding let me know.
http://www.monetaryunit.org/faq/

[siliconchip]

Dev，algorithm quark？

Yep

Ironic name is ironic?

I guess there is a joke there somewhere, but I'm too tired to notice it..might need some help....

@Dev,
40,000,000 MUE pre-mine
(2160 MUE/day)
Are you kidding us?
Plz publish your premined address !  

Otherwise ,this is absolutely a standard scam

Well that's fair enough, I hadn't thought of doing it before and I think that is a reasonable and sane request
7S2bFvk5opJthEYtQd23GswtnBMqe8fVc6

Please also, do take the time to read the FAQ which I have lovingly put together.
If anything needs adding let me know.
http://www.monetaryunit.org/faq/

Block explorer is down,I can't check the balance of this address --7S2bFvk5opJthEYtQd23GswtnBMqe8fVc6.
BTW: Could you please put the address on the OP? info transparency is of great significance  for buiding trust.