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Author Topic: ANN: [OPAL] | POS | Secure Messaging |NO ICO  (Read 367720 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (1 post by 1 user deleted.)
arniebaby
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March 22, 2015, 04:24:44 PM
 #3121

Very quiet here of late. A sign of furious product development?!?!?!

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NEM NEM NEM NEM NEM NEM NEM NEM NEM NEM
PLAY NOW
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March 22, 2015, 05:27:29 PM
 #3122

Very quiet here of late. A sign of furious product development?!?!?!

It is more quiet than usual right now. I think Dev's have their hands full making sure all the new releases will come out without a hitch.

I believe we should be getting some news today, excited to hear how this turns out.

ASAP ! Wink

It will be at Nice (southeast of france) this Week-end.

I am going to Nice to meet investors...
to fund the Opal Embassy !

See you on Sunday  Cool !
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March 23, 2015, 01:19:39 AM
 #3123

Hello Opalites !

The Team is still working on the Opal drive, Pre-production phase should take few more days, Bassguitarman will update the thread !


By the way i am coming back from Nice,

Good news: the Opal adventure seems to please my investors !

-I will have some funds to make a nice cleanup of my Caverne, overlooking the streets in the center of Marseille Smiley
Floor 0, the Workshop 40 m², where i am building the opal embassy.
(Cleanup is about Paintings, Chairs, Tables, a Nice Glass Shopwindow...)

-I will keep my house , (i am the owner of this "little dungeons" on 4 floors and 110m²)
Floor 1, 2 bedroom+bathroom, 36 m²
Floor 2, the kitchen 30m² + lil'Terrace 6m²
Floor 3, the roof 10m² (little bedroom).

i am excited: I can build & manage a brick and mortar crypto-café: the Opal-Embassy,
I will start an embassy roadmap...soon, i must be ready in june !

But i need to sleep a while...

Brick after brick Wink

See you tomorow !

E=(ɔ)mc²
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March 23, 2015, 01:34:04 AM
 #3124

Sorry for the wait!


Download:
Mac & Linux: Coming Soon

To use, open the Opal Wallet, then navigate to http://localhost:8080.  We will have a demo video shortly

DISCLAIMER: This is a very alpha release, there are no added features yet, but they are in development.  We are also aware of the error when closing the wallet.  Please do not view this as a production release, but rather a preview of what is to come.

~The Opal Team

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March 23, 2015, 02:08:14 AM
 #3125

all i can say is WHOA...................speechless
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March 23, 2015, 04:58:19 AM
 #3126

ooh snap  Cool
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March 23, 2015, 01:45:34 PM
 #3127

So whats the basic difference between Opal's drive and Storj's respectively?
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March 23, 2015, 02:11:33 PM
 #3128

So whats the basic difference between Opal's drive and Storj's respectively?

Storj will have people mining their Drive space and there are 500M coins without any mining yet. So there will be profiteers selling off with Storj. Opal doesn't mine the drive space, and makes the files available through the wallet, and I am not sure if there is a fee but I doubt it since your wallet is hosting the file encrypted on your own drive with a key. If you have a Business that utilizes a pay per download scenario you accept the Opal and grant access to a file to be downloaded from your server/computer. This could be a Massive Load Balanced S3 instance if you wanted or as slow as they go on uploads. You control the speed based on your business or just use it peer to peer non commercialized.

 
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March 23, 2015, 06:59:31 PM
 #3129

Woo nice work guys! Took a quick look, going to play around with it later. A demo video would be great Smiley

So whats the basic difference between Opal's drive and Storj's respectively?
Storj will have people mining their Drive space and there are 500M coins without any mining yet. So there will be profiteers selling off with Storj. Opal doesn't mine the drive space, and makes the files available through the wallet, and I am not sure if there is a fee but I doubt it since your wallet is hosting the file encrypted on your own drive with a key. If you have a Business that utilizes a pay per download scenario you accept the Opal and grant access to a file to be downloaded from your server/computer. This could be a Massive Load Balanced S3 instance if you wanted or as slow as they go on uploads. You control the speed based on your business or just use it peer to peer non commercialized.

This is a cool idea, would go hand in hand with Opal digital market. Browse digital files > find something and pay Opals for file > file is released instantly in Opal Drive > download.
Would make for a good peer to peer digital file sharing marketplace.  Cool

Hello Opalites !

The Team is still working on the Opal drive, Pre-production phase should take few more days, Bassguitarman will update the thread !


By the way i am coming back from Nice,

Good news: the Opal adventure seems to please my investors !

-I will have some funds to make a nice cleanup of my Caverne, overlooking the streets in the center of Marseille Smiley
Floor 0, the Workshop 40 m², where i am building the opal embassy.
(Cleanup is about Paintings, Chairs, Tables, a Nice Glass Shopwindow...)

-I will keep my house , (i am the owner of this "little dungeons" on 4 floors and 110m²)
Floor 1, 2 bedroom+bathroom, 36 m²
Floor 2, the kitchen 30m² + lil'Terrace 6m²
Floor 3, the roof 10m² (little bedroom).

i am excited: I can build & manage a brick and mortar crypto-café: the Opal-Embassy,
I will start an embassy roadmap...soon, i must be ready in june !

But i need to sleep a while...

Brick after brick Wink

See you tomorow !

Also very cool! The Opal-Embassy crypto-café sounds great, and excellent for spreading Opal into the outside world!
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March 23, 2015, 08:33:10 PM
 #3130





Spread some opal love Wink

Welcome back Voidlord. Glad to hear about more positive feedback.

Can't wait to see Opal Drive in action. nice alpha Smiley

OPAL: oaRVkQHKTK6B6o3kriBJnYXz2EMrkPKDUq
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March 24, 2015, 02:35:07 AM
 #3131

Sorry for the wait!


Download:
Mac & Linux: Coming Soon

To use, open the Opal Wallet, then navigate to http://localhost:8080.  We will have a demo video shortly

DISCLAIMER: This is a very alpha release, there are no added features yet, but they are in development.  We are also aware of the error when closing the wallet.  Please do not view this as a production release, but rather a preview of what is to come.

~The Opal Team


Wow fast & nice Alpha Guys !


Let's Celebrate Opal Drive ! from "at-least" scepticals to "History-in-the-making" enthusiasts, everybody agreed with this fact: this 23 March was fertile for the opalteam:
The crypto, the cloud & the brick opal will now share files (and for syncthing staker, sharing storage Smiley ).

Let's keep building ! As Cryptonick, Fontline and RCan06 let's build ideas !

E=(ɔ)mc²
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March 24, 2015, 05:08:36 AM
Last edit: March 24, 2015, 05:44:34 AM by CryptoNick
 #3132

Yeah always brainstorming here... I am trying to figure out how Colored coins could somehow be a tax haven for real items where Opal goes in and backs the item but the Opal can not leave until a certain market cap is met. Since you don't want to cause the price to drop by trading out to BitCoin just to transact so to speak. And you want to substantiate the internal trading and simultaneously have a real physical item and its worth backing the coin. If the item never goes out into BitCoin there is no profit or taxable income. Or at least the consideration of $1 which is actually a loss on 99.9% of items on ebay. Using ebay with their API would also create Trust or a limiting of Risk. As anyone who owns the Colored Coin would be required to send the item for consideration of $1 and the corresponding amount of Opal if Opal is used and not a Colored Coin in trade. And that item must be sent since $1 is the price and if the item is not the one presented then of course all the buyer gets back is $1 but may also have a recourse if built in to Opal or the O-Pal service to block the transaction.

This would also follow the ebay dispute API to see if it was marked as resolved. Being that the seller tried to defraud the Opal buyer and send a fake product, the funds are not released inside Opal until the buyer is happy. In the case where the buyer wishes to defraud the seller, all the seller has to do is show that the product never came back no dispute resolution occured and Opal coins will be released to the sellers wallet.

Since you can Color a coin to become lets say a House, the market price of the house would now need to equal the market cap of Opal which boosts the price per coin. Using the coin just to transact this purchase would take all of the Opal in existence, so the price would have to rise just to meet that transaction when selling Opal to BitCoin in order to achieve liquidity for the buyer of the house in BitCoin. This is just hypothetical but shows how a balance needs to come into existence in Crypto to eliminate profit taking from just buying and selling of coin. This profit taking is what attracts a buyer but only at lower price points. Since every profit taker wants to buy low and sell high so it is a race to the bottom and by its own design profit takers don't buy from the sell sheet they place low bids, which further devalues everyone's holdings. Costs always delineate from Opal to BitCoin to FIAT so BitCoin could go up but then that allows the price to plummet for the coin. Constant swing and volatility of trading.

If it can be worked out or even as an external application, People utilizing the Colored Coins will essentially be agreeing to whatever we can come up with to combat profit taking and they would fully comprehend they are building a coin based on the goods they already own. Since you don't want to destroy the very coin that your item is based on. Which means you lose equity if you sell out the coin. People have to get in to Opal though by buying at exchanges though so it is a catch 22.

So the catch 22 needs to be defeated by showing that Market Cap will derive the price and make it sustainable since it is backed by the physical product. This means since the House is there people would be stupid to sell cheaper than Market Cap. If sold fractions lower it is ok, but there must be a trigger that either jacks up the PoS or lowers it or Burns coin going out to the exchanges creating less coin. Or make a First Generation PoW that creates coin to be bought at an exchange, then if it comes back to the exchange it gets hammered. Being that the market cap will be growing so fast that this will be a profit takers new strategy.

The idea of ebay transactions started this line of thinking and this would be the easiest way to gain traction. And the way it gets appropriated so that there is no lying about how much a product is worth the actual coining of the color creating market cap would be the transaction in itself. Since you would buy off line at ebay but pay the consideration of $1 on ebay, a value would be agreed upon internally which equals the new value of the Market Cap.

Since both parties agreed to go into Opal they move the Market Cap for example $100 with their transaction. As long as that coin stays put the market cap will always agree. Then as another purchase is made by someone else the market cap moves up $200 on the same amount of coin. So leaving your coin in Opal means every transaction bumps the Market Cap so taking it out means you lower the Market Cap and why do that when you can leave it and gain on the next transaction. Then suddenly your $100 sale just became $3,000 in Opal, you don't sell to BitCoin, you go buy more from ebay! Selling to BitCoin... this is where you need to be punished by taking out. Since we don't want to relate to external dollars at this point because we are building an internal Market Cap for holders to then go and feel confident about now trading their Colored Coins instead of trading for Opal even, this would be a wash on Market Cap though. This would be facilitated legally through ebay also as the consideration of a dollar with recourse on the blockchain as a sale and transaction. Maybe not in ebay's eyes or rules but in reality if structured properly it is legit since you made an Offer in Opal and agree that its price was such and such to be placed in the Market Cap. The party entering from Opal to gain the product would send from an address that generated the Offer as an Opacity Message or held publicly as a value since all parties in Opal are agreeing to add to the Market Cap and its functions are binding.

Needs much more brainstorming but I think we could do it on a small scale and test the theories out. Smiley
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March 24, 2015, 08:34:56 AM
 #3133

Thinking more about this there is no way to stop people from then selling the product for cash later and it would still be colored but not represent the same item or now that item is used more and worth less etc.. This is daunting trying to create stability. Any other ideas to make something like this work? Or just utilize the current markets and make it work within those confines...
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March 24, 2015, 10:43:32 AM
 #3134

If anyone wants to join to test Syncthing shared disk,

Id: YLJJBNF-5S67U2L-ABBHFNK-VWDYAJ6-SW7H5WH-XRFUQH5-LXOX3O2-QI7XRAW

my drive name "B"

testing with my old usb drive 100Gb

drm
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March 24, 2015, 03:29:38 PM
 #3135

Nice release guys.
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March 24, 2015, 05:29:00 PM
 #3136

Tried to vote but doesn't seem to be working. I vote Yes!

Fallen down the crypto rabbithole!
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March 24, 2015, 10:42:00 PM
 #3137

the poll is a dud  :p
once you open one you can't close it I guess so they put something random, i would have voted yes as well  Grin

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ZaoXhou
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March 24, 2015, 10:53:44 PM
 #3138

It make for some amazing feature, you bet its opals.
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March 25, 2015, 12:57:16 AM
 #3139

Yeah always brainstorming here... I am trying to figure out how Colored coins could somehow be a tax haven for real items where Opal goes in and backs the item but the Opal can not leave until a certain market cap is met. Since you don't want to cause the price to drop by trading out to BitCoin just to transact so to speak. And you want to substantiate the internal trading and simultaneously have a real physical item and its worth backing the coin. If the item never goes out into BitCoin there is no profit or taxable income. Or at least the consideration of $1 which is actually a loss on 99.9% of items on ebay. Using ebay with their API would also create Trust or a limiting of Risk. As anyone who owns the Colored Coin would be required to send the item for consideration of $1 and the corresponding amount of Opal if Opal is used and not a Colored Coin in trade. And that item must be sent since $1 is the price and if the item is not the one presented then of course all the buyer gets back is $1 but may also have a recourse if built in to Opal or the O-Pal service to block the transaction.

This would also follow the ebay dispute API to see if it was marked as resolved. Being that the seller tried to defraud the Opal buyer and send a fake product, the funds are not released inside Opal until the buyer is happy. In the case where the buyer wishes to defraud the seller, all the seller has to do is show that the product never came back no dispute resolution occured and Opal coins will be released to the sellers wallet.

Since you can Color a coin to become lets say a House, the market price of the house would now need to equal the market cap of Opal which boosts the price per coin. Using the coin just to transact this purchase would take all of the Opal in existence, so the price would have to rise just to meet that transaction when selling Opal to BitCoin in order to achieve liquidity for the buyer of the house in BitCoin. This is just hypothetical but shows how a balance needs to come into existence in Crypto to eliminate profit taking from just buying and selling of coin. This profit taking is what attracts a buyer but only at lower price points. Since every profit taker wants to buy low and sell high so it is a race to the bottom and by its own design profit takers don't buy from the sell sheet they place low bids, which further devalues everyone's holdings. Costs always delineate from Opal to BitCoin to FIAT so BitCoin could go up but then that allows the price to plummet for the coin. Constant swing and volatility of trading.

If it can be worked out or even as an external application, People utilizing the Colored Coins will essentially be agreeing to whatever we can come up with to combat profit taking and they would fully comprehend they are building a coin based on the goods they already own. Since you don't want to destroy the very coin that your item is based on. Which means you lose equity if you sell out the coin. People have to get in to Opal though by buying at exchanges though so it is a catch 22.

So the catch 22 needs to be defeated by showing that Market Cap will derive the price and make it sustainable since it is backed by the physical product. This means since the House is there people would be stupid to sell cheaper than Market Cap. If sold fractions lower it is ok, but there must be a trigger that either jacks up the PoS or lowers it or Burns coin going out to the exchanges creating less coin. Or make a First Generation PoW that creates coin to be bought at an exchange, then if it comes back to the exchange it gets hammered. Being that the market cap will be growing so fast that this will be a profit takers new strategy.

The idea of ebay transactions started this line of thinking and this would be the easiest way to gain traction. And the way it gets appropriated so that there is no lying about how much a product is worth the actual coining of the color creating market cap would be the transaction in itself. Since you would buy off line at ebay but pay the consideration of $1 on ebay, a value would be agreed upon internally which equals the new value of the Market Cap.

Since both parties agreed to go into Opal they move the Market Cap for example $100 with their transaction. As long as that coin stays put the market cap will always agree. Then as another purchase is made by someone else the market cap moves up $200 on the same amount of coin. So leaving your coin in Opal means every transaction bumps the Market Cap so taking it out means you lower the Market Cap and why do that when you can leave it and gain on the next transaction. Then suddenly your $100 sale just became $3,000 in Opal, you don't sell to BitCoin, you go buy more from ebay! Selling to BitCoin... this is where you need to be punished by taking out. Since we don't want to relate to external dollars at this point because we are building an internal Market Cap for holders to then go and feel confident about now trading their Colored Coins instead of trading for Opal even, this would be a wash on Market Cap though. This would be facilitated legally through ebay also as the consideration of a dollar with recourse on the blockchain as a sale and transaction. Maybe not in ebay's eyes or rules but in reality if structured properly it is legit since you made an Offer in Opal and agree that its price was such and such to be placed in the Market Cap. The party entering from Opal to gain the product would send from an address that generated the Offer as an Opacity Message or held publicly as a value since all parties in Opal are agreeing to add to the Market Cap and its functions are binding.

Needs much more brainstorming but I think we could do it on a small scale and test the theories out. Smiley

Hi Cryptonick,

There are interesting things here,  but it needs to be a little more clear, especially the beginning (1st section) , could you make it ?

E=(ɔ)mc²
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March 25, 2015, 12:59:18 AM
 #3140

Dont know if its any good, but maybe opalites can vote to get opal added.

https://bitcointalk.org/index.php?topic=1000833.0

Yes, thanks to quote that 2fresh, let's vote Smiley

E=(ɔ)mc²
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