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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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Aurum Project (OP)
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March 04, 2016, 10:35:59 PM |
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Here are the stats for the 141th payout:
The mints have minted new 169,63669 Xaurum and backed Xaurum with 540,12698 more grams of gold.
We now have 6364,952585 of total Xaurum money supply, backed by 12667,24143 g of gold. This means every Xaurum is now worth 1,990154877 g of gold and can be melted at this ratio.
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... sic manet gloria mundi.
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Bisk75
Newbie
 Offline
Activity: 27
Merit: 0
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March 05, 2016, 08:36:41 AM |
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Great!!! Almost 2g of Au for 1 XAU 👍👍👍👍
What do you say/think about the results?
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Puhi
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March 05, 2016, 10:33:38 PM |
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Great!!! Almost 2g of Au for 1 XAU 👍👍👍👍
What do you say/think about the results?
It's a very solid start. Expected. Nothing special. Just a beginning. Bright future has good foundations. |
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Aurum Project (OP)
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March 05, 2016, 11:43:25 PM |
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Here are the stats for the 142th payout:
We have mined new 1,202332492 Xaurum and transformed electricity into 3,758088235 more grams of gold. We now have 6366,419483 of total Xaurum money supply, backed by 12670,99952 g of gold. This means every Xaurum is now worth 1,99028662 g of gold and can be melted at this ratio.
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... sic manet gloria mundi.
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Bisk75
Newbie
Offline
Activity: 27
Merit: 0
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March 06, 2016, 08:05:25 AM
Last edit: March 12, 2016, 06:15:00 AM by Bisk75 |
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Great!!! Almost 2g of Au for 1 XAU 👍👍👍👍
What do you say/think about the results?
It's a very solid start. Expected. Nothing special. Just a beginning. Bright future has good foundations. That's right ☺️ |
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Aurum Project (OP)
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March 08, 2016, 11:20:53 PM |
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Here are the stats for the 143th payout:
We have mined new 11,40352371 Xaurum and transformed electricity into 36,69170956 more grams of gold. We now have 6377,823007 of total Xaurum money supply, backed by 12707,69123 g of gold. This means every Xaurum is now worth 1,992481011 g of gold and can be melted at this ratio.
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... sic manet gloria mundi.
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bbb8
Newbie
Offline
Activity: 26
Merit: 0
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March 10, 2016, 02:58:47 PM |
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ok so each XAU is now almost worth 2 grams of gold? whereas gold is priced at 40 USD/g so 2 grams = 80 USD  whereas XAU is priced at 220 USD ? does this make any sense to you guys?  Three very important important questions that have to be asked: 1: why is the price of XAU artificially inflated to almost 3 times what the reserves are worth? 2: how is XAU artificially inflated to that price 3: why is nobody selling XAU for bitcoins or USD and get 3 times the amount of gold from the market than what's promised by Xaurum.  I assume anybody actually buying XAU on the exchanges and paying 3 times the price of actual gold is doing this in the hopes of the growth that you're promising by these constant posts of how much each XAU is worth everyday, but your growth is only based on having these miners mine and mine more and maybe even get more miners joining the pools, something doesn't smell right in this scenario a second part contributing into this artificial appreciation of your currency is done by the miners again, everybody mines not XAU but other altcoins and then you buy XAU therefore creating artificial demand. another question i'd ask and i'd hope you're very honest on this one since this is of personal importance to me  is there any way to short XAU??  because i'd do it right now. |
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bbb8
Newbie
Offline
Activity: 26
Merit: 0
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March 10, 2016, 03:38:46 PM |
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but let me guess, even if i wanted to sell XAU there'd be nobody to buy it other than you, and probably only to give the payout to the miners, which won't be able to sell their coins since there's no volume as evidenced on the exchanges. |
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nihilnegativum
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March 10, 2016, 10:45:22 PM
Last edit: March 11, 2016, 04:26:07 PM by nihilnegativum |
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ok so each XAU is now almost worth 2 grams of gold? whereas gold is priced at 40 USD/g so 2 grams = 80 USD whereas XAU is priced at 220 USD ? does this make any sense to you guys? Three very important important questions that have to be asked: 1: why is the price of XAU artificially inflated to almost 3 times what the reserves are worth? 2: how is XAU artificially inflated to that price 3: why is nobody selling XAU for bitcoins or USD and get 3 times the amount of gold from the market than what's promised by Xaurum. I assume anybody actually buying XAU on the exchanges and paying 3 times the price of actual gold is doing this in the hopes of the growth that you're promising by these constant posts of how much each XAU is worth everyday, but your growth is only based on having these miners mine and mine more and maybe even get more miners joining the pools, something doesn't smell right in this scenario a second part contributing into this artificial appreciation of your currency is done by the miners again, everybody mines not XAU but other altcoins and then you buy XAU therefore creating artificial demand. another question i'd ask and i'd hope you're very honest on this one since this is of personal importance to me is there any way to short XAU?? because i'd do it right now. I think its still cheap. Gold is gold, you buy it and its there, doing nothing, 1g will always be 1g. If you buy Xaurum, your gold reserves increase, thats a pretty significant change. 1: I'm pretty sure our coin is the least inflated, you see the others don't even have gold reserves... 2. How is Bitcoin/anycoin inflated to that price 3. nobody is selling XAU for bitcoins to get 3 times the amount of gold because they are anticipating XAU to be worth more than they can get today and did their math Yes the value is created by mining and minting, much like in other crypto, the difference is that in Xaurum, miners don't compete but cooperate, all the capital that other coins lose to internal competition is invested in the commonwealth. What do you think is happening in other coins? Do you think that miners don't have anything to do with bitcoin's price? |
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nihilnegativum
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March 11, 2016, 10:08:57 AM |
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We are the only money that increases in value by inflation, but its not all from miners and minters. Additionally, even though it is a small contribution now, we collect and distribute the fees to the users, not to the few miners. We have Guardian nodes, as central staking nodes that make the 51% attack impossible, make Xaurum the fastest and collect fees and distribute them. We also have a program of allies that contribute some funds to the CommonWealth.
We're now in the process of acquiring an exclusive contract for the slovenian market from Nadir, and forming an arrangement, where Nadir is storing some of the gold reserves. In the not so distant future, we'll open a store to sell gold, where some % will go to further increase the Xaurum CommonWealth.
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Aurum Project (OP)
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March 11, 2016, 09:24:50 PM |
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Here are the stats for the 144th payout:
The mints have minted new 84,04909817 Xaurum and backed Xaurum with 266,6176471 more grams of gold.
We now have 6461,872105 of total Xaurum money supply, backed by 12974,30888 g of gold. This means every Xaurum is now worth 2,00782508 g of gold and can be melted at this ratio.
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... sic manet gloria mundi.
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nihilnegativum
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March 11, 2016, 09:47:05 PM |
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Congratulations on 2g everyone!
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Aurum Project (OP)
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March 14, 2016, 12:50:37 AM |
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Here are the stats for the 145th payout:
We have mined new 9,394876926 Xaurum and transformed electricity into 29,75625 more grams of gold. We now have 6471,266982 of total Xaurum money supply, backed by 13004,06513 g of gold. This means every Xaurum is now worth 2,009508365 g of gold and can be melted at this ratio.
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... sic manet gloria mundi.
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Bitcoinmeister
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March 16, 2016, 08:50:56 PM |
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How many XAU shouldi have to be able to mint this
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Puhi
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March 16, 2016, 10:10:28 PM |
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How many XAU shouldi have to be able to mint this
None If you want to have your own mint, then you need 1000 XAU. If you want to mint XAU through existing mint than you have to contact the mint owner. So, you can PM me if minting is needed. |
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Bisk75
Newbie
Offline
Activity: 27
Merit: 0
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March 16, 2016, 10:15:32 PM |
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How many XAU shouldi have to be able to mint this
None If you want to have your own mint, then you need 1000 XAU. If you want to mint XAU through existing mint than you have to contact the mint owner. So, you can PM me if minting is needed. Ups sorry I thought "to mine" XAU 😉 |
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nihilnegativum
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March 17, 2016, 07:05:51 PM |
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How many XAU shouldi have to be able to mint this
1000 xau to mint 0 to mine |
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Bitcoinmeister
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March 18, 2016, 04:06:19 PM |
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How many XAU shouldi have to be able to mint this
None If you want to have your own mint, then you need 1000 XAU. If you want to mint XAU through existing mint than you have to contact the mint owner. So, you can PM me if minting is needed. Thanks I cant mine because i dont have a miner |
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Aurum Project (OP)
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March 18, 2016, 11:04:06 PM |
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Here are the stats for the 146th payout:
We have mined new 2,098184662 Xaurum and transformed electricity into 6,599264706 more grams of gold.
The mints have minted new 98,80170395 Xaurum and backed Xaurum with 310,7536765 more grams of gold.
The melt was done 1 x 1g 999,9 Fine Nadir Gold Bar - Xaurum edition, 0,50188684 Xaurum was removed from exchange.
We now have 6571,664984 of total Xaurum money supply, backed by 13320,41807 g of gold. This means every Xaurum is now worth 2,02694722 g of gold and can be melted at this ratio.
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... sic manet gloria mundi.
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