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Author Topic: ANN: [OPAL] | POS | Secure Messaging |NO ICO  (Read 367573 times)
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April 24, 2015, 09:27:43 AM
 #3321

@toldy - 100% agree; be sceptical & suspicious of everything in the crypto space. Absolutely. Definitely. I have lost BTC and other coins  following a number of "disappearing acts" by others in the past couple of years...

But to suggest that anything around any coin should only be developed by the coin's own trusted developers is rather limiting wouldn't you say? Effectively, this is what you are saying by:

Quote
If there is an Opal faucet, I'd rather see it running on the official Opal website by an Opal developer who is already trusted by the Opal team.

^^^ Substitute "Opal" with "any coin you like" in the above sentence...

So by the same token, Bitcoin faucets or any other system for distributing Bitcoin, should be developed by the trusted Bitcoin developers? Smacks of centralization to me...

In any case - cryptogiveaways.org is a small joint project between myself and batesresearch. I am working for nothing.

If devs wish to donate or support it, then that's great; if not, well that's up to them and their community. The amounts are relatively trivial and no-one is going to get rich quick, or even make a living quickly by skimming off a few coins worth on average 0.0000xxxx BTC whether it's automated or manual or whatever...

If folks want to donate to help support its existence, or as some form of recognition of any perceived value/effort/worth, then that's great but we're not seeking that - you may also notice that the site will be 100% ad-free. 

No evil intended. It's just a project. Smiley


Quote
Crypto needs this..  It's the only thing that's going to slow down the scams.

I encourage people to be sceptical at all times.  That's one of the reasons I've chosen Opal to invest in, I know where the developers minds are at from their past performance.

Perhaps if people were more sceptical with Mt.Gox, or LTCGear, those things wouldn't have happened so easily.  If someone questioned either of those, would you have said "It's amazing how people are always on the offensive"?

You don't want to be sceptical after it's too late. At the very beginning of something is the best time.

Your system is new.

Ok, well everyone has their own opinion. I am only creating this site so I can get people engaged in cryptocurrencies. Like I said I don't have to answer to anyone, donations are welcome but not required.

Quote
How can you prove that any of the claims are not any of your own wallet addresses?  

If you have an automated system where people donate and load wallets
If you have an automated system where people can claim coins
If you have an automated system where it "logs" transactions

You're telling me that you also are incapable of:

Having an automated system where it skims coins on a regular basis from itself, using different wallet addresses? Of course you could.

It's like give me all the "money", I'll be in charge of all the distribution and all of the recording of transactions.  I'll run the whole system, you just keep feeding it.

Very suspicious, sorry.

Right now your faucet system is small. But if it ever grows in scale, this can be an undisputed problem.

If there is an Opal faucet, I'd rather see it running on the official Opal website by an Opal developer who is already trusted by the Opal team.

I can't prove any of that, none of it is actually automated at the moment as we are building from the ground up.

OPAL have shown their support for this Faucet but more faucet is always good for a crypto.


Quote
Ok, so that makes sense.  Instead of skimming, it was something similar, but not quite so evil.

You wanted to setup a donation site so people you visit locally (family and friends I assume, near your geographic location), could get a hold of some crypto without buying any.

(using your own words basically)

It would be better to just buy $50 or $100 worth and donate them to your family and friends or whatever "local" group of people you are talking about.

So evil? I don't see what's even evil in it. Not friends and family BTW you didn't get my idea of what the site is for. Is not about giving them a $ amount to them its having them work with cryptocurrencies.



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April 24, 2015, 10:11:40 AM
 #3322

@toldy - 100% agree; be sceptical & suspicious of everything in the crypto space. Absolutely. Definitely. I have lost BTC and other coins  following a number of "disappearing acts" by others in the past couple of years...

But to suggest that anything around any coin should only be developed by the coin's own trusted developers is rather limiting wouldn't you say? Effectively, this is what you are saying by:

Quote
If there is an Opal faucet, I'd rather see it running on the official Opal website by an Opal developer who is already trusted by the Opal team.

^^^ Substitute "Opal" with "any coin you like" in the above sentence...

So by the same token, Bitcoin faucets or any other system for distributing Bitcoin, should be developed by the trusted Bitcoin developers? Smacks of centralization to me...

In any case - cryptogiveaways.org is a small joint project between myself and batesresearch. I am working for nothing.

If devs wish to donate or support it, then that's great; if not, well that's up to them and their community. The amounts are relatively trivial and no-one is going to get rich quick, or even make a living quickly by skimming off a few coins worth on average 0.0000xxxx BTC whether it's automated or manual or whatever...

If folks want to donate to help support its existence, or as some form of recognition of any perceived value/effort/worth, then that's great but we're not seeking that - you may also notice that the site will be 100% ad-free. 

No evil intended. It's just a project. Smiley


Quote
Crypto needs this..  It's the only thing that's going to slow down the scams.

I encourage people to be sceptical at all times.  That's one of the reasons I've chosen Opal to invest in, I know where the developers minds are at from their past performance.

Perhaps if people were more sceptical with Mt.Gox, or LTCGear, those things wouldn't have happened so easily.  If someone questioned either of those, would you have said "It's amazing how people are always on the offensive"?

You don't want to be sceptical after it's too late. At the very beginning of something is the best time.

Your system is new.

Ok, well everyone has their own opinion. I am only creating this site so I can get people engaged in cryptocurrencies. Like I said I don't have to answer to anyone, donations are welcome but not required.

Quote
How can you prove that any of the claims are not any of your own wallet addresses?  

If you have an automated system where people donate and load wallets
If you have an automated system where people can claim coins
If you have an automated system where it "logs" transactions

You're telling me that you also are incapable of:

Having an automated system where it skims coins on a regular basis from itself, using different wallet addresses? Of course you could.

It's like give me all the "money", I'll be in charge of all the distribution and all of the recording of transactions.  I'll run the whole system, you just keep feeding it.

Very suspicious, sorry.

Right now your faucet system is small. But if it ever grows in scale, this can be an undisputed problem.

If there is an Opal faucet, I'd rather see it running on the official Opal website by an Opal developer who is already trusted by the Opal team.

I can't prove any of that, none of it is actually automated at the moment as we are building from the ground up.

OPAL have shown their support for this Faucet but more faucet is always good for a crypto.


Quote
Ok, so that makes sense.  Instead of skimming, it was something similar, but not quite so evil.

You wanted to setup a donation site so people you visit locally (family and friends I assume, near your geographic location), could get a hold of some crypto without buying any.

(using your own words basically)

It would be better to just buy $50 or $100 worth and donate them to your family and friends or whatever "local" group of people you are talking about.

So evil? I don't see what's even evil in it. Not friends and family BTW you didn't get my idea of what the site is for. Is not about giving them a $ amount to them its having them work with cryptocurrencies.



That is a better explanation, so this is like a Leaky Faucet Smiley Thanks for your efforts and I am sure you mean well!
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April 24, 2015, 11:05:31 AM
 #3323


Make it so you either have PoS for a certain amount of coin 100 to 1000 coins to protect the blockchain or you have so much coin that you can send a fee in that would burn it into boosting PoS.

Maybe like a PoS burn in coin for those who don't want to leave their computers on but use the service of Opal Drive. This would make more PoS available than normal since the Fees accrue due to usage. Then it blossoms with usage and people get a very large PoS reward if staking/using opal drive.

I hope this gets incorporated in the final Opal Drive. It kind of mimics drive mining. Since you either PaY or PoS. This would benefit everyone using Opal by burning the fees into a new PoS coin to be mined later perpetually.

I really like that idea.  Being able to burn coins somehow to give a better reward to whoever produces the next block.

If you coordinated the event, you could buy a crap load of coins, then for the next 500 blocks increase the reward by 50 coins per block and let everyone know about it.

Or, you could have a lottery, saying that you promise to burn 2500 OPAL sometime between now and next Tuesday, which gets people installing wallets and staking coins trying to earn the stake reward if they get that block

Or, [insert your idea]



Interesting things here,

I try something, following your ways: (replace "lottery block" by another idea you may have)

a descending PoS interest rate:
-1,000,000 opals and more = 0% PoS (all the 5% rewards goes to the possible "lottery block", even this wallet can win )
-  999,999 opals = 0.000005% PoS interest (the 4.99995% goes to the next possible "lottery block", even... )
-  999,998 opals = 0.000010% PoS interest and 4.999900 % -> "lottery block", even...)
 ....
 ....
-2 opals = 4.999985% PoS interest, (0.000015% -> to the next possible "lottery block" even...)
-  1 opal= 4.999990% PoS interest, (0.000010% -> to the next possible "lottery block", even this wallet can win)
-  0 opal= 0 PoS (but even this wallet can win)


That increases staking for sure, my thoughts were to boost Opal Drive Usage and coin value through locking down large stakers, and perhaps link a cloud service paid for by the Fees but also using the Fees to pay Drive Stakers within Opal Drive. A Cloud service would have to be paid for though so we have to find a creative way to automate that through PoS. Can you imagine a World Wide Load Balanced Amazon Instance that just gets paid automatically! It would grow as the user base grows. No disparity in bandwidth anywhere like other services may encounter from people using a laptop to drive mine lol.

I have to think this through a bit more though. People will have to pay to use it no matter what, Stakers lose the use of their coin (confirmation locking to use, and 1000 confirms to wait after detaching) and payers just pay but also based on the value of the coin. Which may be astronomical if it catches on. So the use fee could be like 10 coins. That is fine to start with and no cost really, until those coins become 50 cents a coin, and the coin would eventually average out to a reasonable cost and only fluctuate since a costly service is backing the coin now. Since you can't buy 10,000 coins for cheap at that point, but those who bought early and held their 10,000 coin got a deal and most of those people will keep the coin indefinitely, if they are smart and like the service. So the 10,000 coin Staking can be the only way to PoS maybe too. Other coin is just bought and sold with no PoS so that people will participate at large levels. These numbers can all be set differently, it is just to show an extreme example. The selling of the coin that is paid in Fees would be done professionally too not dumped out, more like a feasible sell wall.

So on the large scale of 10,000 coins to stake you would only allow 1000 or less people to get in for free. Since much is distributed at smaller amounts there will not be enough supply for more people to get the service for Free. So everyone else must pay and boost the price massively, just so the fees can be meted out due to the scarcity of coin held by 10,000 coin wallets PoSing for Opal Drive Freedom.

Help me iron this out, I already have a great name for the Cloud service, I sent it to Bass and may have mentioned it to Void too.

This has got to work somehow!
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April 24, 2015, 12:53:48 PM
 #3324

No buying interest and no sell pressure too. Strange for such a decently developed coin !!
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April 24, 2015, 07:25:46 PM
 #3325

In any case - cryptogiveaways.org is a small joint project between myself and batesresearch. I am working for nothing.

[..]

you may also notice that the site will be 100% ad-free.  

Those were all the warning signs. I was unable to understand the business model behind this project.  That's what raised my suspicions.

Do all this work, maintain all this work, pay for server space, all for "nothing". No ads, no way or being compensated.

So it appeared to be the only way for this to be profitable, was a skimming scam.

No evil intended. It's just a project. Smiley

So was ltcgear Smiley  

Good luck with your project.  In future, to be less suspicious though, do put up ads or some other cross promotion so it makes more sense for someone trying to understand your motives.

By the way, calling a project sounds like a "temporary venture".  What happens with all the remaining coins when you decide to shut down the project?

New venture: Your data in an real underground bunker. Interesting. http://tinyurl.com/msm8t3u
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April 24, 2015, 09:59:00 PM
 #3326

did not expect so much backlash about a simple faucet.
But then again, this is what crypto has become, everyone has to be careful and suspicious.
The place where the craziest conspiracies you can think of, actually come true.... bitcointalk

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BLACKCOIN883
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April 24, 2015, 10:03:15 PM
 #3327

While I think that faucet is fine (i.e i think its an honest project), its a good thing to see people in here strongly standing up against possible scams and frauding.
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April 25, 2015, 04:48:30 AM
 #3328

But then again, this is what crypto has become, everyone has to be careful and suspicious.
The place where the craziest conspiracies you can think of, actually come true.... bitcointalk

Once we all learn to think with our brains, and stop waiting for the Gov't to come save us all the time...

Crypto will start skyrocketing after people learn logic, and basic lessons in life.  Right now most people are just learning what a decentralized and non-regulated economy is.. they have to stop getting themselves caught in scammers nets and reeling them in like fish.

(these comments have nothing to do with the faucet), but it's a decent debate about the state of crypto.

New venture: Your data in an real underground bunker. Interesting. http://tinyurl.com/msm8t3u
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April 25, 2015, 05:50:35 AM
 #3329

No buying interest and no sell pressure too. Strange for such a decently developed coin !!

They're hoping it will catch on.

If you think you could help, buy a good bunch, and then help promote. Opal needs promotion.  We appear to be good in the dev and tech department.

I wish there was some youtubes out explaining how to use any of this stuff. Right now, I still run a headless linux Opal wallet. I have no idea how to use any of the features they've built and are building.

I learn by screenshots and video.

New venture: Your data in an real underground bunker. Interesting. http://tinyurl.com/msm8t3u
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April 25, 2015, 06:20:26 AM
 #3330

+1 %100 agree. The dev team needs to be a bit more active and promote the coin a bit.
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April 25, 2015, 06:46:19 AM
 #3331

+1 %100 agree. The dev team needs to be a bit more active and promote the coin a bit.

Does that mean you want to see more pretty graphics from Voidlord posted, or something more significant? Smiley

New venture: Your data in an real underground bunker. Interesting. http://tinyurl.com/msm8t3u
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April 25, 2015, 10:07:36 AM
 #3332

In any case - cryptogiveaways.org is a small joint project between myself and batesresearch. I am working for nothing.

[..]

you may also notice that the site will be 100% ad-free.  

Those were all the warning signs. I was unable to understand the business model behind this project.  That's what raised my suspicions.

Do all this work, maintain all this work, pay for server space, all for "nothing". No ads, no way or being compensated.

So it appeared to be the only way for this to be profitable, was a skimming scam.

No evil intended. It's just a project. Smiley

So was ltcgear Smiley  

Good luck with your project.  In future, to be less suspicious though, do put up ads or some other cross promotion so it makes more sense for someone trying to understand your motives.

By the way, calling a project sounds like a "temporary venture".  What happens with all the remaining coins when you decide to shut down the project?


Warning signs - lol. We are both in full-time employment, myself operating 5 separate UK Ltd businesses nothing related to crypto, crypto-currencies are a hobby but over the next few years I will aim to start crypto-based companies to get crypto more into the public domain.

One of the businesses I own (not UK Ltd) Is a web-hosting company and fully paid hardware and leases for the next 5 years so no need to pay for server space. I even offer crypto charities free hosting space how do I get compensated for that - I don't I do it for the good of the charities to help them.

If we ever for unforeseen reasons decide to shut-down the 'venture' all remaining coins will be donated back to the respective communities.

Fallen down the crypto rabbithole!
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April 25, 2015, 11:59:56 AM
 #3333

Ok so here is the new structure we need to implement. I was brainstorming so read my other posts and see how I got to this conclusion.

Opal is perfect for this implementation. Opal will be Cloud backup and Wallet to Wallet file transfer. Cloud is perfect to backup all of VoidLords glorious graphics Smiley encrypted and secure.

So here is the idea... The community can solidify these ideas and hone them into a perfectly polished Opal stone!

PoS will go to pay for Cloud Storage!!! This was the epiphany moment and I may link some of the ideas I had before to make this work. This is opposite thinking but is perfect for Opal though if Opal grants a Perpetual Automated Service and that service can now be Cloud hosted indefinitely through PoS. Lets make the Service the demand in the Cloud.

There is a disparity though since people go offline and if no one is paid to PoS there may be no protection unless people are using Opal Drive. So we may need to split the PoS in half, pay staking half and sell the other half for cloud service, we could use the Minimum amount of Coin idea of 1000 Opal for Cloud Usage to stake and crank up confirms to release. Then the Wallet to Wallet transfer could be free still but also require staking of some amount of coin.

Well any combination of ideas can work here but the main goal is to pay for the Cloud Storage automatically. So other inventive ideas may come forward once we start delving into how to make it work better. There would be some trust of the selling involved unless there are creative ways we will uncover later.

The selling of PoS to pay for Cloud storage would make it so that people who buy that coin pay at the demand rate too so it will always meet the needs of people but the catch is the space, maybe that will only be limited by the amount of coin you can stake? Lets look into that idea too! If you use the Drive you must Stake the amount of coin you use vs the amount of space you use. Then deleting your content grants you your Coin Back! So staking you can make money but you also pay your fees as you stake! I really think this will work now...




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April 25, 2015, 12:43:30 PM
 #3334

I agree with you. SuperNET is starting soon and this is a great chance to take the publicity and hype to promote the coin much more.

+1 %100 agree. The dev team needs to be a bit more active and promote the coin a bit.

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April 25, 2015, 12:45:53 PM
Last edit: April 26, 2015, 12:27:21 AM by Voidlord
 #3335

Think !
then Do !

The Opal Embassy will soon release its keystone feature,

Only available in Opal...

You will discover it next week. Wink

Brick after brick.


E=(ɔ)mc²
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April 26, 2015, 02:15:24 AM
 #3336

We're sending out the first dividends
m30188
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April 26, 2015, 04:11:58 AM
 #3337

SuperNET is starting soon
No it isn't.
mafort1469
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April 26, 2015, 01:09:53 PM
 #3338

We're sending out the first dividends

Sorry, can you please explain the dividends again? I forgot all about that. Thanks Bass!
oakmaster
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April 26, 2015, 01:45:01 PM
 #3339

Is there going to be a full windows wallet that will actually work instead of having to use the basic one Supernet wont work with Opal drive with the basic wallet
xupxup
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April 26, 2015, 03:08:05 PM
 #3340

We're sending out the first dividends

Sorry, can you please explain the dividends again? I forgot all about that. Thanks Bass!

altnuts.com 100 TH/s sha 256 !
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