Re: It's going to be cute when bitcoin shatters and gets destroyed
Ripple lols no, I'll give you the name so you can keep a look out for it on the alt currency thread, or even stop by to the site.
eMunie, you can join the people and get involved at forum.emunie.com
eMunie, you can join the people and get involved at forum.emunie.com
So, It's closed source. The white paper was already "coming soon" in June. Explanations of how e.g. distribution or verifier trust works on the forum are both complex and hand-wavy at the same time. Some examples of that:
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[Trust calculation] Currently works on transaction volume & emu volume with an average transaction processing performance over time. Ping ponging transactions between controlled clients/hatchers is detected by Stochastic and Markov models that are using in AI application to spot seeming random patterns
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new eMu is created in the system due to a direct demand signal from the system. That demand signal is generated by the p2p exchange when someone wants to acquire eMu but there are not enough sellers available within a determined spread (~10%) of the current system buy price to honor the deal. At this point the system will create new supply and spread that around the system as per the system rules (hatching earnings)
Now, I'm sure you can find similarly vague posts about bitcoin on this forum. The difference is that intelligent people did not get enthusiastic about Bitcoin because of those messages, but because of A) Satoshis easy to understand yet complete whitepaper and possibly B) by looking at the source code.
So I'm curious, how exactly did you decide emunie is the real deal?
And probably got a beta invite to premine some too.
closed source (for all we know it could be a fancy wallet stealer or full of security holes), selling coins upfront & trying to create a big buzz -> smells like a scam