ancientcoins
Legendary
 Offline
Activity: 1568
Merit: 1003
🚀🚀 ATHERO.IO 🚀🚀
|
 |
March 27, 2015, 08:05:20 PM |
|
fud when i sold lol
|
|
|
|
|
|
dbt1033
Legendary
Offline
Activity: 1274
Merit: 1000
|
|
March 27, 2015, 08:09:37 PM |
|
I will when the banknodes go live in a couple of days.
I think a lot of people will pitch in when this happens.
|
|
|
|
|
|
bitcreditscc (OP)
|
|
March 27, 2015, 08:09:49 PM |
|
there will never be a real situation where the market has no coins for sale. it's just not possible, that line of reasoning is flawed.
|
|
|
|
dbt1033
Legendary
Offline
Activity: 1274
Merit: 1000
|
|
March 27, 2015, 08:12:18 PM |
|
Someone just listed 30k for grabs at 5k satoshi. Might be a good chance for a bank to build it's reserves.
|
|
|
|
|
|
|
|
tombtc
|
|
March 27, 2015, 08:17:29 PM |
|
So if the coin has working anon, instant tranactions, we assume the adoption will start and then maybe someone will want to borrow some coins from a bank node, right? How is that going to work? Am I going to give you my personal details before you give me the loan? Just trying to get my head around this.
|
|
|
|
|
|
bitcreditscc (OP)
|
|
March 27, 2015, 08:20:07 PM |
|
Did you know....that i love it when you guys help us out.... immediate results of your efforts....our website is back!!!!! http://bitcredits.website/ |
|
|
|
|
dragos_bdi
|
|
March 27, 2015, 08:34:27 PM |
|
Did you know....that i love it when you guys help us out.... immediate results of your efforts....our website is back!!!!! http://bitcredits.website/Glad to help !  |
Thank You for your tips!
BCR - 5u7KPyiHKeg6sbdvd9XhT9HHpvh5c2ppTe
BTC - 1ASJQ7SE84sgQketS2kQCTQLV3DJesYnLh
|
|
|
|
bitcreditscc (OP)
|
|
March 27, 2015, 08:34:50 PM |
|
So if the coin has working anon, instant tranactions, we assume the adoption will start and then maybe someone will want to borrow some coins from a bank node, right? How is that going to work? Am I going to give you my personal details before you give me the loan? Just trying to get my head around this.
very interesting, thanks for switching to more important concepts. ok...so you want a loan in the brick and mortar world , you go to your bank, they know you, your income and your debts. They know your age and how long you will likely be employed. using this and other factors like # of beneficiaries and health, they can judge how likely a good candidate you are. I figured out a way to do it using the blockchain. Your income, is equivalent to the number of incoming coins/ period of activity. Your Age is how long you have been using the blockchain. Your spending habits are == number of incoming tx/outgoing tx Your save ratio is Current balance/total income. Spend ratio is also used. your tx frequency is the number of transactions / overall chain transactions i can extract this and more from your activity on the chain, this is how we calculate your trust score, later your credit score will use this and extra data gained from how you relate and work with Bank nodes. this data is used and then figures are presented to the BN owner 1) your trust rating 2) your credit rating 3) suggested maximums of Loan/insurance 4) recommended action. like isaid , it's all very rudimentary but with time, i will perfect it. |
|
|
|
|
darkproton
|
|
March 27, 2015, 08:42:22 PM |
|
So if the coin has working anon, instant tranactions, we assume the adoption will start and then maybe someone will want to borrow some coins from a bank node, right? How is that going to work? Am I going to give you my personal details before you give me the loan? Just trying to get my head around this.
very interesting, thanks for switching to more important concepts. ok...so you want a loan in the brick and mortar world , you go to your bank, they know you, your income and your debts. They know your age and how long you will likely be employed. using this and other factors like # of beneficiaries and health, they can judge how likely a good candidate you are. I figured out a way to do it using the blockchain. Your income, is equivalent to the number of incoming coins/ period of activity. Your Age is how long you have been using the blockchain. Your spending habits are == number of incoming tx/outgoing tx Your save ratio is Current balance/total income. Spend ratio is also used. your tx frequency is the number of transactions / overall chain transactions i can extract this and more from your activity on the chain, this is how we calculate your trust score, later your credit score will use this and extra data gained from how you relate and work with Bank nodes. this data is used and then figures are presented to the BN owner 1) your trust rating 2) your credit rating 3) suggested maximums of Loan/insurance 4) recommended action. like isaid , it's all very rudimentary but with time, i will perfect it. wow! Pretty amazing stuff. Sorry to ask if this was already handled, but does a bank node earn interest on the loan they lend? Really blown away with what you are doing here. Cool stuff! |
|
|
|
|
|
|
|
bitcreditscc (OP)
|
|
March 27, 2015, 08:49:02 PM |
|
So if the coin has working anon, instant tranactions, we assume the adoption will start and then maybe someone will want to borrow some coins from a bank node, right? How is that going to work? Am I going to give you my personal details before you give me the loan? Just trying to get my head around this.
very interesting, thanks for switching to more important concepts. ok...so you want a loan in the brick and mortar world , you go to your bank, they know you, your income and your debts. They know your age and how long you will likely be employed. using this and other factors like # of beneficiaries and health, they can judge how likely a good candidate you are. I figured out a way to do it using the blockchain. Your income, is equivalent to the number of incoming coins/ period of activity. Your Age is how long you have been using the blockchain. Your spending habits are == number of incoming tx/outgoing tx Your save ratio is Current balance/total income. Spend ratio is also used. your tx frequency is the number of transactions / overall chain transactions i can extract this and more from your activity on the chain, this is how we calculate your trust score, later your credit score will use this and extra data gained from how you relate and work with Bank nodes. this data is used and then figures are presented to the BN owner 1) your trust rating 2) your credit rating 3) suggested maximums of Loan/insurance 4) recommended action. like isaid , it's all very rudimentary but with time, i will perfect it. wow! Pretty amazing stuff. Sorry to ask if this was already handled, but does a bank node earn interest on the loan they lend? Really blown away with what you are doing here. Cool stuff! Yes, you negotiate with your customer. later on when i perfect the math the client will provide guidelines on what a fair rate would be. calculated based on risk and trust ratings. All this would go much faster if i had two more c++ devs working with me |
|
|
|
|
tombtc
|
|
March 27, 2015, 09:15:06 PM |
|
So if the coin has working anon, instant tranactions, we assume the adoption will start and then maybe someone will want to borrow some coins from a bank node, right? How is that going to work? Am I going to give you my personal details before you give me the loan? Just trying to get my head around this.
I figured out a way to do it using the blockchain. Your income, is equivalent to the number of incoming coins/ period of activity. Your Age is how long you have been using the blockchain. Your spending habits are == number of incoming tx/outgoing tx Your save ratio is Current balance/total income. Spend ratio is also used. your tx frequency is the number of transactions / overall chain transactions i can extract this and more from your activity on the chain, this is how we calculate your trust score, later your credit score will use this and extra data gained from how you relate and work with Bank nodes. this data is used and then figures are presented to the BN owner So the data will be based on a certain blokchain address? That obviously means you will not be a good candidate for a loan if you want to stay anonymous/mix coins/generate loads of new addresses using this anon feature? |
|
|
|
|
dbt1033
Legendary
Offline
Activity: 1274
Merit: 1000
|
|
March 27, 2015, 09:21:35 PM |
|
So if the coin has working anon, instant tranactions, we assume the adoption will start and then maybe someone will want to borrow some coins from a bank node, right? How is that going to work? Am I going to give you my personal details before you give me the loan? Just trying to get my head around this.
I figured out a way to do it using the blockchain. Your income, is equivalent to the number of incoming coins/ period of activity. Your Age is how long you have been using the blockchain. Your spending habits are == number of incoming tx/outgoing tx Your save ratio is Current balance/total income. Spend ratio is also used. your tx frequency is the number of transactions / overall chain transactions i can extract this and more from your activity on the chain, this is how we calculate your trust score, later your credit score will use this and extra data gained from how you relate and work with Bank nodes. this data is used and then figures are presented to the BN owner So the data will be based on a certain blokchain address? That obviously means you will not be a good candidate for a loan if you want to stay anonymous/mix coins/generate loads of new addresses using this anon feature? Here's the thing...anon is not the purpose of this coin, even if it's present. |
|
|
|
|
|
bitcreditscc (OP)
|
|
March 27, 2015, 09:22:38 PM |
|
So if the coin has working anon, instant tranactions, we assume the adoption will start and then maybe someone will want to borrow some coins from a bank node, right? How is that going to work? Am I going to give you my personal details before you give me the loan? Just trying to get my head around this.
I figured out a way to do it using the blockchain. Your income, is equivalent to the number of incoming coins/ period of activity. Your Age is how long you have been using the blockchain. Your spending habits are == number of incoming tx/outgoing tx Your save ratio is Current balance/total income. Spend ratio is also used. your tx frequency is the number of transactions / overall chain transactions i can extract this and more from your activity on the chain, this is how we calculate your trust score, later your credit score will use this and extra data gained from how you relate and work with Bank nodes. this data is used and then figures are presented to the BN owner So the data will be based on a certain blokchain address? That obviously means you will not be a good candidate for a loan if you want to stay anonymous/mix coins/generate loads of new addresses using this anon feature? Yes, it uses the specific address you use to request the loan with. there is no restriction, only that your rating will be so low that noone would give you a loan. You can have multiple addresses, and mix and play and do whatever you want. Banking requires you have at least one address that is used for banking. So you can do it all, as long as you understand how. The anonymity is a feature, but not a goal. |
|
|
|
|
tombtc
|
|
March 27, 2015, 09:32:26 PM |
|
I'd say you should give up on the anon part then, as it's probably going to cause a lot of problems and waste a lot of time. Focus on instant transactions and bank nodes. Anyway how are you going to get InstantX and anon without masternodes?
|
|
|
|
|
dbt1033
Legendary
Offline
Activity: 1274
Merit: 1000
|
|
March 27, 2015, 09:36:45 PM |
|
I'd say you should give up on the anon part then, as it's probably going to cause a lot of problems and waste a lot of time. Focus on instant transactions and bank nodes. Anyway how are you going to get InstantX and anon without masternodes?
A bank node is a masternode. |
|
|
|
|
|
bitcreditscc (OP)
|
|
March 27, 2015, 09:40:23 PM |
|
I'd say you should give up on the anon part then, as it's probably going to cause a lot of problems and waste a lot of time. Focus on instant transactions and bank nodes. Anyway how are you going to get InstantX and anon without masternodes?
I'd like to suggest you read and understand the system before making suggestions. |
|
|
|
|
tombtc
|
|
March 27, 2015, 09:42:46 PM |
|
I'd say you should give up on the anon part then, as it's probably going to cause a lot of problems and waste a lot of time. Focus on instant transactions and bank nodes. Anyway how are you going to get InstantX and anon without masternodes?
A bank node is a masternode. Instant transactions with 20-100 nodes? Thought it needs like 1000 to be robust. I am not an expert though. Will keep lurking. Thanks |
|
|
|
|
|
