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Author Topic: $XAI Sapience AIFX - Decentralized AI | 11% PoS | PlumeDB,IBTP on Testnet  (Read 143859 times)
runpaint
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October 07, 2015, 09:05:27 PM
 #1921

We're planning a new coin that will accept struggling altcoins as Proof-of-Burn.  We're planning to offer Sapience as one of our launch coins. 

The goal is to absorb as many coins as we can, and clear out the cluttered market.  If you want to keep your XAI, you can.  But if you want to exchange them for a new coin, your coins will be burned so nobody can ever pump and dump them again.

It's the same concept as forking a coin or transferring coins to an upgraded blockchain, except we're moving coins to the new blockchain from multiple old blockchains.  Right now we're looking at using the NXT Monetary System, although some people think it would be better as a NXT asset. 

I'll post here with updates. 

BARR - Burning Altcoins for Redemption and Reduction - First Coin Using Multi-Proof-of-Burn - http://barr.me - Raising the BARR by Reducing Supply - Absorbing and Destroying Entire Altcoin Networks
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October 11, 2015, 06:42:09 AM
 #1922

Yoga.. hmm this guy is quite the buddhist isn't he? I'm looking forward to the new initiative, please keep us updated. Maybe our XAI will not be totally lost.
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October 11, 2015, 04:42:18 PM
 #1923

Yoga.. hmm this guy is quite the buddhist isn't he? I'm looking forward to the new initiative, please keep us updated. Maybe our XAI will not be totally lost.


Everyone will have the choice to exchange their XAI for a new coin with a purpose and a future.  We don't want to rush it, but we don't want to wait too long either.  Hopefully we'll launch by November, and we're trying to line up as much support as we can. 

There is no pre-sale or ICO, so the only help we need is some reasonable buywalls on the exchanges;  some people just want to get rid of their XAI and don't care about the new coin.  So we can put up buy orders, they can sell us their XAI, and then we'll burn the coins ourselves.  That way people won't have to go to the trouble of exchanging their coins if all they want to do is dump them anyway.  And then we won't have to worry as much about people dumping the new coin, since the people redeeming coins are the ones who didn't already dump.

We will verify the burn transactions before transferring the new coins, and we will be sure to watch the Sapience "ICO Burn Address":

http://www.blocktree.io/address/XAI/AFmseVrdL9f9oyCzZefL9tG6UbvhPbdYzM

Joe Moz says that the coins at this address are unspendable, but it doesn't look like an actual burn address.  So if those coins ever move, we won't accept them as valid.

BARR - Burning Altcoins for Redemption and Reduction - First Coin Using Multi-Proof-of-Burn - http://barr.me - Raising the BARR by Reducing Supply - Absorbing and Destroying Entire Altcoin Networks
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October 13, 2015, 12:38:57 AM
 #1924

... Proof-of-Burn ...

Check this out:

https://en.bitcoin.it/wiki/Script#Provably_Unspendable.2FPrunable_Outputs

https://en.bitcoin.it/wiki/Technical_background_of_version_1_Bitcoin_addresses

https://www.google.de/search?q=provably+unspendable+address+site:bitcointalk.org

http://earlz.net/view/2014/10/22/0340/provably-spendable-altcoin-burn-addresses

HTH  Wink


Newbium great new platform || AltFolio = Altcoin Portfolio solution || AAsset = crowdfunding, dividends paying = profit sharing Assets (on NXT & HZ) - big 2nd dividends were paid, xmas 2016 || AssetGraphs = novel GUI to assets & shareholders (won nxthacks2015!) || ABEE = Block Explorer Extension for ETH clones, live on SOIL || Advice = Consulting || assetparser.py and shareholders.py - tools for NXT/HZ asset buyers & issuers || bamm.py || PeerCrawler || PGP || Texts || Github e.g. ChainCountDown, ethjsre |||| /give/ GiveBackLicense /give/ |||| Looking for an affordable crypto advertisement service with adspaces on crypto-attractive websites, contact me, thx.
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October 13, 2015, 01:08:00 AM
 #1925

We will probably have to use burn addresses instead of OP_RETURN, because many users will be sending their coins from exchanges.

Burning Altcoins for Redemption and Reduction - http://barr.me
runpaint
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October 13, 2015, 02:54:12 AM
 #1926





It's funny that you should link to earlz.net.  BARR is offering burn redemption for Sapience because the dev disappeared after a few months.  Earlz was the dev for Fractalcoin, and BARR is also offering burn redemption for Fractalcoin because Earlz disappeared after 2 months.  But FRAC had a tiny premine compared to Sapience, so it's not as bad.  And at least Earlz came back eventually, and offered to update the wallet if someone paid him. 

BARR - Burning Altcoins for Redemption and Reduction - First Coin Using Multi-Proof-of-Burn - http://barr.me - Raising the BARR by Reducing Supply - Absorbing and Destroying Entire Altcoin Networks
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October 14, 2015, 07:17:57 PM
 #1927

... earlz.net ...
I know less about that than you.

Actually only did an educated google search.

Hoped it helps somehow.


Newbium great new platform || AltFolio = Altcoin Portfolio solution || AAsset = crowdfunding, dividends paying = profit sharing Assets (on NXT & HZ) - big 2nd dividends were paid, xmas 2016 || AssetGraphs = novel GUI to assets & shareholders (won nxthacks2015!) || ABEE = Block Explorer Extension for ETH clones, live on SOIL || Advice = Consulting || assetparser.py and shareholders.py - tools for NXT/HZ asset buyers & issuers || bamm.py || PeerCrawler || PGP || Texts || Github e.g. ChainCountDown, ethjsre |||| /give/ GiveBackLicense /give/ |||| Looking for an affordable crypto advertisement service with adspaces on crypto-attractive websites, contact me, thx.
runpaint
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October 14, 2015, 07:58:15 PM
 #1928

... earlz.net ...
I know less about that than you.

Actually only did an educated google search.

Hoped it helps somehow.




Actually, now that you mention it, it might be funny to use Earlz's burn addresses to burn Fractalcoin. 

BARR - Burning Altcoins for Redemption and Reduction - First Coin Using Multi-Proof-of-Burn - http://barr.me - Raising the BARR by Reducing Supply - Absorbing and Destroying Entire Altcoin Networks
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October 17, 2015, 02:56:28 AM
 #1929

Joe is active on facebook
https://www.facebook.com/joe.mozelesky
BARR_Official
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October 25, 2015, 12:35:09 PM
 #1930

The burn exchange for Sapience AIFX begins November 1 and ends November 30.

We are redeeming every 1 XAI burned with .75 BARR, at an estimated value of 7500 satoshis per XAI.

Here's the topic:  https://bitcointalk.org/index.php?topic=1219460.0

Burning Altcoins for Redemption and Reduction - http://barr.me
pescadorloco69
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October 31, 2015, 10:52:43 AM
 #1931

I cant get my wallet to sync can some one please help? is the network running?

Am i using the correct wallet ver 1.6.1.14-g
runpaint
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October 31, 2015, 12:30:42 PM
 #1932

I cant get my wallet to sync can some one please help? is the network running?

Am i using the correct wallet ver 1.6.1.14-g


That's the version I have.  I'm showing 14 active connections. 

Unfortunately, I haven't been able to sync new wallets for Sapience using a blockchain bootstrap.  That would be the easiest way to get your wallet up-to-date, but for whatever reason it doesn't seem to work with Sapience like it does for other coins.  Maybe there's a checkpointing system, or maybe the data from one wallet is customized and incompatible with another wallet.

Anyway, check your messages, I'll send you some nodes.

BARR - Burning Altcoins for Redemption and Reduction - First Coin Using Multi-Proof-of-Burn - http://barr.me - Raising the BARR by Reducing Supply - Absorbing and Destroying Entire Altcoin Networks
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October 31, 2015, 01:18:57 PM
 #1933

Thanks for the nodes this does not seem to have helped 0 connections

I was hoping to get my coins of the exchange so I can burn them for Barr.

Seems I am stuck with them.
BARR_Official
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October 31, 2015, 01:38:59 PM
 #1934

Thanks for the nodes this does not seem to have helped 0 connections

I was hoping to get my coins of the exchange so I can burn them for Barr.

Seems I am stuck with them.



All your coins are on exchanges?

You can just withdraw them directly to the burn address, you don't need a wallet.


Burning Altcoins for Redemption and Reduction - http://barr.me
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October 31, 2015, 02:12:42 PM
 #1935

Result! Thanks Smiley
BARR_Official
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October 31, 2015, 02:22:05 PM
 #1936

Message us here to this account before you burn your coins, tell us which coin you're burning, the amount you're burning, and your NXT wallet address (not a deposit address on an exchange).

Then send them, and message us again with the transaction ID. 

The burn address for Sapience is AFmseVrdL9f9oyCzZefL9tG6UbvhPbdYzM

We are redeeming Sapience at the set rate of .75 BARR, or 1 BARR for about 1.33 Sapience.

The exchange period officially begins tonight at midnight, and ends November 30.

Full details in our ANN:  https://bitcointalk.org/index.php?topic=1219460.0

Burning Altcoins for Redemption and Reduction - http://barr.me
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November 02, 2015, 03:06:30 AM
 #1937

In the first 24 hours, we have already burned 297,339 XAI.

That is 43% of the entire Sapience supply.

We encourage all remaining holders to do the same.

Burning Altcoins for Redemption and Reduction - http://barr.me
MagicOne
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November 02, 2015, 06:29:46 AM
 #1938

So my holding of XAI just doubled in relation to the overall supply Grin

Revival anyone?
BARR_Official
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November 02, 2015, 12:56:58 PM
 #1939

So my holding of XAI just doubled in relation to the overall supply Grin

Revival anyone?


People wanted a community takeover, but none of us know how to build artificial intelligence on a blockchain. 

You are free to choose whether to hold your coins or swap them for BARR, but this may be the only revival that happens.

Burning Altcoins for Redemption and Reduction - http://barr.me
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November 02, 2015, 07:10:21 PM
 #1940

none of us know how to build artificial intelligence on a blockchain. 

Speak for yourself.

Reminds me of the old joke where the Lone Ranger and Tonto are completely surrounded by hostile Indians. The Lone Ranger remarks “We’re in a spot of trouble now.” and Tonto replies “What do you mean ‘we’, white man?”


Cheers

Graham
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