EmilioMann
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Merit: 1028
#mitandopelomundo
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March 29, 2015, 09:35:37 PM
Last edit: March 29, 2015, 10:06:24 PM by EmilioMann |
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Can someone give me a hint why I would burn my CRAVE for BLUR ?
so can somebody explain to me what this BLUR is..and why i would burn Crave for it?
Dev answered here: Then will BLUR trade as well?
You can trade it decentralized on darkpool... if it gets picked up by an exchange that supports the Counterparty protocol like BTER or Polo then BLUR and other darkpool assets could be traded there too (I imagine they might be....umm, "selective" about which assets they would allow to be traded  ). i still have no clue what this means Ok, another way to thing of it - DarkPool is like an underground stock market. You burn CRAVE to get BLUR (this means you send some CRAVE to a special unspendable address). Then you can use BLUR to either pay a small fee to issue your own "stock" or asset. Other people can choose to buy some of your stock on the decentralized exchange (there is no central party running an exchange, its all done over the blockchain). Then maybe you pay them dividends every once in awhile. Let me try to think of a "clean" scenario... let's say you run a personal protection service. You decide to issue an asset (aka a colored coin) called PROTECT to raise capital so you can hire a few more dudes on your crew. You sell a bunch of your asset, then you go hire some guys, take on more clients, and grow your business. Every quarter you pay out a dividend based on your earnings, and as you grow your earnings grow and the investors who bought your asset are happy because their dividends are growing. In the meantime the investors can trade your asset on the decentralized exchange amongst themselves after the initial issuance, in a PROTECT/BLUR market. That's one scenario. You can also do decentralized betting.  |
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MyFarm
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March 29, 2015, 09:36:23 PM |
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Hold on, I need BLUR to have a masternode or I will be able to use Crave for a masternode?
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Kimowa
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March 29, 2015, 09:37:14 PM |
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Hold on, I need BLUR to have a masternode or I will be able to use Crave for a masternode?
dev said crave before so i might wrong blur is hidden service and coloured coins anonymous, since masternode has to use crave anyway as part of network |
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Cryptock
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March 29, 2015, 09:40:43 PM |
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future plans?
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industrialcoinmagic (OP)
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March 29, 2015, 09:44:49 PM |
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Hold on, I need BLUR to have a masternode or I will be able to use Crave for a masternode?
CRAVE for masternodes and markets. Masternode earnings won't be a piece of stake blocks like darkcoin and pow blocks, but an extra tx fee. |
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utclover
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March 29, 2015, 09:51:39 PM |
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Hold on, I need BLUR to have a masternode or I will be able to use Crave for a masternode?
CRAVE for masternodes and markets. Masternode earnings won't be a piece of stake blocks like darkcoin and pow blocks, but an extra tx fee. I think masternodes should get a bigger reward than just a tx fee because if staking 500 coins rewards more than making a masternode with them, then it won't make sense to make a masternode. and few people would want to. however if you make the incentive big (like drk gives an incentive for people to make masternodes by giving them a piece of the block rewards) then many people would want to make masternodes. and people would buy crave to make one also raising the price and making the coins on the market lower. |
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cryptocrap
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March 29, 2015, 09:53:05 PM |
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Hold on, I need BLUR to have a masternode or I will be able to use Crave for a masternode?
CRAVE for masternodes and markets. Masternode earnings won't be a piece of stake blocks like darkcoin and pow blocks, but an extra tx fee. Every minute that goes I like most that coin. Tomorrow I will buy more btc for convert all in Crave, hope that price does not go higher until there.  |
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danonthehill
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March 29, 2015, 09:57:32 PM |
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Can someone give me a hint why I would burn my CRAVE for BLUR ?
it is same as BTC to XCP Is the question is there a strong incentive to burn Crave now, or just hold Crave and buy Blur later? |
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Kimowa
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March 29, 2015, 09:58:31 PM |
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Can someone give me a hint why I would burn my CRAVE for BLUR ?
it is same as BTC to XCP Is the question is there a strong incentive to burn Crave now, or just hold Crave and buy Blur later? how many can use dark assets? |
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trader19
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Activity: 1232
Merit: 1001
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March 29, 2015, 10:30:51 PM |
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Can someone give me a hint why I would burn my CRAVE for BLUR ?
it is same as BTC to XCP Is the question is there a strong incentive to burn Crave now, or just hold Crave and buy Blur later? here is the answer you are looking  The burn period is ~30 days. (right now ~30 days from block 11,500 but I'll move that up to a block from today). When you burn CRAVE, it is sent to a provably unspendable address and it is gone forever and cannot be recovered or spent. You are then credited with BLUR at a 5 BLUR:1 CRAVE ratio with a 50% bonus at day 0 that slides to 0% bonus at the end. So it goes from 7.5:1 to 5:1, you get more the earlier you burn. If for some reason we burned 50% CRAVE to get BLUR, there would be 50% less CRAVE in circulation......  facit: early adopters profit more.. |
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MyFarm
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March 29, 2015, 10:34:44 PM |
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Hold on, I need BLUR to have a masternode or I will be able to use Crave for a masternode?
CRAVE for masternodes and markets. Masternode earnings won't be a piece of stake blocks like darkcoin and pow blocks, but an extra tx fee. How much is the fee, who pays it, and when do they pay it? Why would I have a masternode instead of just staking for coins? Masternodes need to be profitable or nobody will run one. |
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CryptoClub
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Activity: 1470
Merit: 1000
cryptocollectorsclub.com
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March 29, 2015, 10:35:53 PM |
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Can someone give me a hint why I would burn my CRAVE for BLUR ?
If you were quite sure it would be successful and tradable then it could be a profitable move. I went overboard with XCH and burned like a Bitcoin worth, and only got a fraction of my money out in the end. Might not be the same here, but you might be locking up coins away from trading for a time. (unless this dev does a better job than the Viacoin dev) |
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Hyperjacked
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It's all mathematics...!
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March 29, 2015, 10:42:19 PM |
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Loving that 1 week chart!Getting ready for the next leg!
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@Hyperjacked1 Twitter
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cryptocrap
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March 29, 2015, 11:19:34 PM |
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Guys please stop to buy crave, I will have my btc just on monday.  |
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mitchr4
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Join the world-leading crypto sportsbook NOW!
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March 29, 2015, 11:20:50 PM |
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Guys please stop to buy crave, I will have my btc just on monday. youre fucked, .001 tonight |
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Grifftech2k4
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March 29, 2015, 11:27:24 PM |
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Guys please stop to buy crave, I will have my btc just on monday. youre fucked, .001 tonight Wishful thinking of .001 |
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Hyperjacked
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Activity: 1610
Merit: 1119
It's all mathematics...!
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March 29, 2015, 11:28:46 PM |
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Guys please stop to buy crave, I will have my btc just on monday. It will probably go up slow imo...maybe 90-100k for Monday. |
@Hyperjacked1 Twitter
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cryptocrap
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March 29, 2015, 11:42:34 PM |
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Guys please stop to buy crave, I will have my btc just on monday. It will probably go up slow imo...maybe 90-100k for Monday. I hope that I get my btc before crave hit this level  , I Know that when chinese people dive deep on it, crave gonna wild. |
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Piston Honda
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Activity: 2702
Merit: 1064
Juicin' crypto
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March 29, 2015, 11:58:01 PM |
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shitcoins gonna shit. can't believe this is still going...wow.
lots of future bagholders incoming
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$ADK ~ watch & learn...
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