Search content
Sort by
Showing 19 of 19 results by Graffenwalder
Re: Crypti | XCR | Ͼ | 3 PoS algorithms | Ed25519 | 2nd Gen Source
Can I think this is the stark fake？
To be completely honest, i'm not even sure what you're saying..
I understand now, XCR is a clone of the bts.
If that is what you got from what we said then you didn't read it correctly. However it would be fair to say that parts of the backbone infrastructure will be adaptations of the DPOS model created by the bitshares team, yes. I personally don't want to hide from that fact. I think basing our system on DPOS is a positive thing as it has proven to be one of the most influential, stable, and secure systems we have seen. I suspect you might see others taking a second look at DPOS in the next 6-12 months.
All of the other facets of Crypti that we have discussed all along are still being built and will still run on Crypti, the consensus model and network will simply be based on DPOS. This allows a scalable, secure, and equitable network to be built with much more relative ease. Why start over again from scratch when someone has already solved some of the problems we were running into and proven that it works and works wonderfully. DPOS and the success of the Bitshares network is a great advancement in the crypto space and allows for a scalable network, rewards those running the network, and that is still, for all intents and purposes, decentralized. There are some things about the way they implement delegates, reward them, and burn currency that we feel don't necessarily fit what we are doing and will be changing. But, overall, the core infrastructure will be largely based on what they have done.
However this is only possible by inflation. The pay rate differences from 3% to 100% the difference is being burned, to bring value to the shareholders.
The inflation debate was a long one, and not everybody agreed. But I think that in the long run, that BTS with it's current inflationary DPOS system is the only self sustaining crypto project out there.
There is already PTS who has switched to DPOS, but they have chosen the deflationary model. Wich is fine because they are basically an share drop token. The main reason for the switch was that the pow chain died.
So with all this being said, I would really like to know how you envision your version of DPOS.
Re: Adam Guerbuez claims some very big news is coming for Bitcoin this friday
Seems they are trying to hype this whole thing up and I bet it will be related to them opening a exchange or something....I've never even heard of these guys being involved in Bitcoin why is everyone taking them so seriously?
Charles is a known character, was one of the founders of BitShares and also worked on Ethereum
Great service.
Wasn't Sure how à bitcoin holiday in Thailand would work out.
But with this service i send bitcoins and got them the same day in my bankaccount.
Nice and easy way, to get Some money for your holiday.
Wasn't Sure how à bitcoin holiday in Thailand would work out.
But with this service i send bitcoins and got them the same day in my bankaccount.
Nice and easy way, to get Some money for your holiday.
Assuming the Bonus plan is passed, a total of 816061 SuperNET (UNITY)
Where did you get 816061? Shouldn't it be the TOKEN sold (571243) + 10%?
Yeah, a more detailed explanation is needed. I was not expecting that much total UNITY even after the bonus conditions are met. That's way more than the 20% max dilution previously proposed.
652849.2402 TOKEN sold.
Of the total UNITY issued, SuperNET gets 10% and another 5+5% are held as James' bonus. So:
652849.2402 = 80% UNITY
652849.2402 / 80 * 100 = 816061.
I just missed out on 0.1%
Edit: 10% for SuperNET, not James!
Ok, now I'm a bit more confused. I thought the total TOKEN sold was 571243.1402. Where did the 652849.2402 come from? And why is the 20% added to this number instead of the 571243.1402?
816061 seems to be 571243.1402 + 30%, right? 10% is put inside itself as working capital? 10% (5% +5%) is kept in reserve for bonus conditions. And the other 10%? Not questioning this, just can't remember the original conditions so just looking for clarity.
10% for SuperNET
10% for bonus in reserve
70% for TOKEN owners
TOKEN owners currently own 7/8'th of SuperNET as the 20% for SuperNET and bonus reserve are not dilutive
keep in mind the TOKEN owners put in ~5700 BTC and I put in ~3000 BTC of assets, so on a prorata basis I would have 34%
Long live James
Assuming the Bonus plan is passed, a total of 816061 SuperNET (UNITY)
Where did you get 816061? Shouldn't it be the TOKEN sold (571243) + 10%?
10% (5% + 5%) needs to be in reserve and there is also 10% for working capital. As long as these assets are held by SuperNET, then whatever its dilution is balanced by its value, so the extra 20% is not counted in NAV calculations
Also, the NAV buy wall is excluding the assets. It is one thing for me to personally put in 3000 BTC for 570 BTC worth of SuperNET, but then to base the buywall using the asset value is not reasonable. The asset NAV is posted for reference, the buywall will be calculated without the value of assets. This has been described before in detail.
if NXT value goes up to .000085 then the buy wall should be close to .01
James
What are you saying here? If the NAV is excluding the assets, who owns them? Supernet, or you?
[Official Funds Raised Report]
bter 303370.1402 + NXT AE 267873 TOKEN = 571243.1402 TOKEN
1201.4874086 BTC, 13836576.42463729 + 33252122.74985353 NXT, 37559.38107027 BTCD, 713706.73861822 CNY, 5403 VIA, 435658.49 VRC
1201.4874086 BTC
BTCD rate 0.01252290 BTC 37559.38107027 = 470.3524 BTC equiv
NXT rate 0.00007890 BTC 47088699.1745 = 3715.3 BTC equiv
VRC rate 0.00014073 BTC 435658.49 = 61.31 BTC equiv
VIA rate 0.00029967 BTC 5403 = 1.6191 BTC equiv
CNY rate ¥ 2486 per BTC 713706.73861822 = 287.09 BTC equiv
total BTC equiv = 5737.1589
Due to recent drop in NXT price and it being ~65% of total deposits, it is reduced the NAV a bit.
Assuming the Bonus plan is passed, a total of 816061 SuperNET (UNITY) will be issued with 81606.1 to me and the rest in SuperNET account, with 81606.1 held in reserve until the bonus situations are resolved. The current outstanding UNITY is therefore 652849.2402 and the NAV buywall would be at .0088 BTC.
The asset NAV adds:
InstantDEX 241'485 1'000'000 24.15% 73.99 73.98 17'865'060
NXTcoinsco 241'485 1'000'000 24.15% 38.5 34 8'210'490
NXTprivacy 241'485 1'000'000 24.15% 59 50.5 12'194'992.5
38270542.5 NXT -> 3019.5458 BTC equiv!
I guess during the last week, the 2000 BTC of assets became 3000 BTC
asset BTC equiv = 8756.7047 -> asset NAV = 0.013413 BTC
Secondary market in TOKEN is currently at ~170 NXT which is around .013
this gives an implied marketcap of about 10610 BTC = ~$4.6 million USD or #17 on the combined coinmarketcap
The 3x Bonus threshold is 5737.1589 * 3 = 17211.4767 before end of 2014
The 10x Bonus threshold is 57371.589 before end of 2015
James
bter 303370.1402 + NXT AE 267873 TOKEN = 571243.1402 TOKEN
1201.4874086 BTC, 13836576.42463729 + 33252122.74985353 NXT, 37559.38107027 BTCD, 713706.73861822 CNY, 5403 VIA, 435658.49 VRC
1201.4874086 BTC
BTCD rate 0.01252290 BTC 37559.38107027 = 470.3524 BTC equiv
NXT rate 0.00007890 BTC 47088699.1745 = 3715.3 BTC equiv
VRC rate 0.00014073 BTC 435658.49 = 61.31 BTC equiv
VIA rate 0.00029967 BTC 5403 = 1.6191 BTC equiv
CNY rate ¥ 2486 per BTC 713706.73861822 = 287.09 BTC equiv
total BTC equiv = 5737.1589
Due to recent drop in NXT price and it being ~65% of total deposits, it is reduced the NAV a bit.
Assuming the Bonus plan is passed, a total of 816061 SuperNET (UNITY) will be issued with 81606.1 to me and the rest in SuperNET account, with 81606.1 held in reserve until the bonus situations are resolved. The current outstanding UNITY is therefore 652849.2402 and the NAV buywall would be at .0088 BTC.
The asset NAV adds:
InstantDEX 241'485 1'000'000 24.15% 73.99 73.98 17'865'060
NXTcoinsco 241'485 1'000'000 24.15% 38.5 34 8'210'490
NXTprivacy 241'485 1'000'000 24.15% 59 50.5 12'194'992.5
38270542.5 NXT -> 3019.5458 BTC equiv!
I guess during the last week, the 2000 BTC of assets became 3000 BTC
asset BTC equiv = 8756.7047 -> asset NAV = 0.013413 BTC
Secondary market in TOKEN is currently at ~170 NXT which is around .013
this gives an implied marketcap of about 10610 BTC = ~$4.6 million USD or #17 on the combined coinmarketcap
The 3x Bonus threshold is 5737.1589 * 3 = 17211.4767 before end of 2014
The 10x Bonus threshold is 57371.589 before end of 2015
James
Shouldn't the bonus include the assets? If not the first 5% is almost (x2) met. Don't mean to be trolling but the tokens were meant to be sold at 0.015 BTC everything under was discount. Now tokens are worth 0.0088 BTC.
The reason for the decline in NXT has mostly to do with this whole IPO. Because of the 5% discount t half way through the IPO easy money was made buying in with NXT and selling for BTC. This caused a NXT pump, after this resulted in a NXT correction. And thus a correction in the token NAV.
I hope this was a mistake, not including the assets.
I think from the 13 & 14 days until the ICO ends, the system should not allow people to sell back their TOKENs to avoid arbitrage tactics that may cause messy situations and accusations.
I'm curious what you think is wrong with arbitrage on TOKEN? For example, the price of TOKEN to BTC is guaranteed to increase for 14 days, so some people may buy TOKEN early and then sell a few days later at a very small profit margin. If the market is willing to pay the price that these flippers are offering, how is this bad?
In general, I see nothing wrong with some people trying to make money by capitalizing on the demand of TOKEN. However, if someone sees a valid reason to put a stop to this, I'd like to hear it.
I think bter is off,1 BTC worth of NXT, is worth 100.2 token when sold on NXT/TOKEN market.
But ICO price is 1.08+ BTC so this difference is more than 5%.
It might be arbitrage. They might be buying and selling in BTCD, NXT, and BTC. They have figured out a small way to beat the system. The prices of each of these coins are going in different directions, up and down.
Could just be somebody is scared.
Quote
2014-09-13-14:00:01-GMT SOLD 233668.10928301 TOKEN + 204546 from NXT AE
GOT 1039.51657932 BTC, 10335895.31464694 NXT + 25'605'512.67989353, 18256.01303264 BTCD, 621425.55810361 CNY
5403 VIA
I am caught up and now start the debuggings, so will not be checking here for a while.
James
GOT 1039.51657932 BTC, 10335895.31464694 NXT + 25'605'512.67989353, 18256.01303264 BTCD, 621425.55810361 CNY
5403 VIA
I am caught up and now start the debuggings, so will not be checking here for a while.
James
The total value of this at current prices would be:
NXT 35.941.408 x 0.0000821 = 2950.79
BTCD 18256 x 0.0139=. 253.75
CNY 621425/2910=. 213.54
VIA 5403 x 0.00034=. 1.84
BTC 1039.51
Total= 4459.43 BTC/ 438214= 0.01017 per token.
So this is what the buy wall for token would look like at the moment, this sell order would be above the buy wall.
The buy wall for Unity would be higher, but it would be lower than 0.0128 BTC earlier mentioned, because of the recent NXT dive.
The transfers, they are done:
15720904723604126361
13969817255360149927
616709295133043647
Now the SuperNET account has the core assets as described and it will thus get 24.15% of the dividends that these core assets will generate. I feel a happy balance.
http://nxtreporting.com/?a=NXT-MRBN-8DFH-PFMK-A4DBM&c=USD shows the SuperNET account
It currently has 23.5 million NXT (which I still have not run away with) and 26.3 million NXT worth of the core assets.
Let us calculate the TOKEN NAV and SuperNET NAV, the latter using core assets and assuming full 20% dilution.
2014-09-11-14:00:03-GMT SOLD 211012.56580535 TOKEN
928.44400974 BTC, 8955179.34129586 NXT, 18107.41954836 BTCD, 604418.27454791 CNY
NXT AE 23495504.342392 NXT for 187039 TOKEN
Total TOKEN: 398051.56580535
BTC 928.44400974
NXT 32450683.68368786 * .000085 = 2758.30811311 BTC
BTCD 18107.41954836 * 0.01398860 = 253.29744909 BTC
CNY 604418.27454791 @ 2930 = 206.2861 BTC
BTC equiv = 4146.33567247
TOKEN NAV = 0.01041658 BTC
If the UNITY trading is active, there would now be a 50 BTC buywall at 0.01041658 BTC
Now let us adjust this for the value of the core assets, the following I just cut and paste from the GUI:
InstantDEX 241'485 1'000'000 24.15% 48.98 45 10'866'825
NXTcoinsco 241'485 1'000'000 24.15% 26.98 25 6'037'125
NXTprivacy 241'485 1'000'000 24.15% 43.9989 39 9'418'180
Total 26322130 NXT * .000085 = 2237.38105 BTC
Now we assume the "worst case" dilution where both bonuses are earned, which would mean there are a total of 497564.4573 SuperNET assets. You can check the math, 80% of this number is matching the number of TOKEN.
SuperNET NAV = (4146.33567247 + 2237.38105) / 497564.4573 = (6383.71672247 / 497564.4573) = 0.01282993 BTC
This is a 23% premium over the TOKEN NAV, even when using the 20% dilution.
I hope these calculations make it clearer how all this works
James
15720904723604126361
13969817255360149927
616709295133043647
Now the SuperNET account has the core assets as described and it will thus get 24.15% of the dividends that these core assets will generate. I feel a happy balance.
http://nxtreporting.com/?a=NXT-MRBN-8DFH-PFMK-A4DBM&c=USD shows the SuperNET account
It currently has 23.5 million NXT (which I still have not run away with) and 26.3 million NXT worth of the core assets.
Let us calculate the TOKEN NAV and SuperNET NAV, the latter using core assets and assuming full 20% dilution.
2014-09-11-14:00:03-GMT SOLD 211012.56580535 TOKEN
928.44400974 BTC, 8955179.34129586 NXT, 18107.41954836 BTCD, 604418.27454791 CNY
NXT AE 23495504.342392 NXT for 187039 TOKEN
Total TOKEN: 398051.56580535
BTC 928.44400974
NXT 32450683.68368786 * .000085 = 2758.30811311 BTC
BTCD 18107.41954836 * 0.01398860 = 253.29744909 BTC
CNY 604418.27454791 @ 2930 = 206.2861 BTC
BTC equiv = 4146.33567247
TOKEN NAV = 0.01041658 BTC
If the UNITY trading is active, there would now be a 50 BTC buywall at 0.01041658 BTC
Now let us adjust this for the value of the core assets, the following I just cut and paste from the GUI:
InstantDEX 241'485 1'000'000 24.15% 48.98 45 10'866'825
NXTcoinsco 241'485 1'000'000 24.15% 26.98 25 6'037'125
NXTprivacy 241'485 1'000'000 24.15% 43.9989 39 9'418'180
Total 26322130 NXT * .000085 = 2237.38105 BTC
Now we assume the "worst case" dilution where both bonuses are earned, which would mean there are a total of 497564.4573 SuperNET assets. You can check the math, 80% of this number is matching the number of TOKEN.
SuperNET NAV = (4146.33567247 + 2237.38105) / 497564.4573 = (6383.71672247 / 497564.4573) = 0.01282993 BTC
This is a 23% premium over the TOKEN NAV, even when using the 20% dilution.
I hope these calculations make it clearer how all this works
James
Isn't this ICO the whole reason NXT has been on a constant pump? Since a lot of people sell BTC for NXT to get in to the ICO cheaper.
What happens when this ICO is over, I guess we'll see a correction in NXT prices and thus a correction in TOKEN/UNITY NAV
My theory is that SuperNET has gotten some people who before this never bothered to even look at NXT with an objective eye. Now that people are seeing that some crazy guy has made millions of USD in a few months via NXT assets and that a NXT asset has gotten thousands of BTC of sales. Well, only somebody who is not observing the reality will still deny that NXT is real and useful and has a bright future.
So, similar to BBR, I just made people notice there was no reason for it to be having such a low price. A lot of people who are trusting of me just immediately bought BBR and quadrupled its price. But a lot of people took the time to actually look at this ignored cryptonote and saw for themselves why I like it and then the bigger money moved in.
Just my opinion though, I have been know to make many mistakes, so please make your own conclusions about the valuation adjustment that comes from a communitywide discovery that NXT is really cool.
James
P.S. One key thing to realize is that even if I inadvertently caused some artificial demand for NXT with the 5% bonus, unlike any other price increase where all the NXT that is bought will be sold on the open market, SuperNET's 30 million+ NXT is for HODL and private investments in NXT economy startups. For those trying to model this accurately, this is a key factor that cannot be ignored as the SuperNET is absorbing the average trading volume of NXT so far.
Thanks for the reply, just did a quick check, selling BTC->NXT->TOKEN would give a discount of around 3%.(straight selling into market orders) So it's worth going this way.
I like your point about the NXT in Supernet's holdings won't be dumped on the open market. This would reduce a potential correction.
As for the crazy guy making millions and pointing out BBR, I couldn't care less about this. It reminds me of Max Keiser tweeting Meow and Kittycoin(not sure there were multiple cat coins) getting a huge pump.
Like you said people should make their own conclusions, and not just follow some random guy, who had some success.
No offense. I have a couple of Tokens, just thinking if it's a long term HODL or not.
The transfers, they are done:
15720904723604126361
13969817255360149927
616709295133043647
Now the SuperNET account has the core assets as described and it will thus get 24.15% of the dividends that these core assets will generate. I feel a happy balance.
http://nxtreporting.com/?a=NXT-MRBN-8DFH-PFMK-A4DBM&c=USD shows the SuperNET account
It currently has 23.5 million NXT (which I still have not run away with) and 26.3 million NXT worth of the core assets.
Let us calculate the TOKEN NAV and SuperNET NAV, the latter using core assets and assuming full 20% dilution.
2014-09-11-14:00:03-GMT SOLD 211012.56580535 TOKEN
928.44400974 BTC, 8955179.34129586 NXT, 18107.41954836 BTCD, 604418.27454791 CNY
NXT AE 23495504.342392 NXT for 187039 TOKEN
Total TOKEN: 398051.56580535
BTC 928.44400974
NXT 32450683.68368786 * .000085 = 2758.30811311 BTC
BTCD 18107.41954836 * 0.01398860 = 253.29744909 BTC
CNY 604418.27454791 @ 2930 = 206.2861 BTC
BTC equiv = 4146.33567247
TOKEN NAV = 0.01041658 BTC
If the UNITY trading is active, there would now be a 50 BTC buywall at 0.01041658 BTC
Now let us adjust this for the value of the core assets, the following I just cut and paste from the GUI:
InstantDEX 241'485 1'000'000 24.15% 48.98 45 10'866'825
NXTcoinsco 241'485 1'000'000 24.15% 26.98 25 6'037'125
NXTprivacy 241'485 1'000'000 24.15% 43.9989 39 9'418'180
Total 26322130 NXT * .000085 = 2237.38105 BTC
Now we assume the "worst case" dilution where both bonuses are earned, which would mean there are a total of 497564.4573 SuperNET assets. You can check the math, 80% of this number is matching the number of TOKEN.
SuperNET NAV = (4146.33567247 + 2237.38105) / 497564.4573 = (6383.71672247 / 497564.4573) = 0.01282993 BTC
This is a 23% premium over the TOKEN NAV, even when using the 20% dilution.
I hope these calculations make it clearer how all this works
James
15720904723604126361
13969817255360149927
616709295133043647
Now the SuperNET account has the core assets as described and it will thus get 24.15% of the dividends that these core assets will generate. I feel a happy balance.
http://nxtreporting.com/?a=NXT-MRBN-8DFH-PFMK-A4DBM&c=USD shows the SuperNET account
It currently has 23.5 million NXT (which I still have not run away with) and 26.3 million NXT worth of the core assets.
Let us calculate the TOKEN NAV and SuperNET NAV, the latter using core assets and assuming full 20% dilution.
2014-09-11-14:00:03-GMT SOLD 211012.56580535 TOKEN
928.44400974 BTC, 8955179.34129586 NXT, 18107.41954836 BTCD, 604418.27454791 CNY
NXT AE 23495504.342392 NXT for 187039 TOKEN
Total TOKEN: 398051.56580535
BTC 928.44400974
NXT 32450683.68368786 * .000085 = 2758.30811311 BTC
BTCD 18107.41954836 * 0.01398860 = 253.29744909 BTC
CNY 604418.27454791 @ 2930 = 206.2861 BTC
BTC equiv = 4146.33567247
TOKEN NAV = 0.01041658 BTC
If the UNITY trading is active, there would now be a 50 BTC buywall at 0.01041658 BTC
Now let us adjust this for the value of the core assets, the following I just cut and paste from the GUI:
InstantDEX 241'485 1'000'000 24.15% 48.98 45 10'866'825
NXTcoinsco 241'485 1'000'000 24.15% 26.98 25 6'037'125
NXTprivacy 241'485 1'000'000 24.15% 43.9989 39 9'418'180
Total 26322130 NXT * .000085 = 2237.38105 BTC
Now we assume the "worst case" dilution where both bonuses are earned, which would mean there are a total of 497564.4573 SuperNET assets. You can check the math, 80% of this number is matching the number of TOKEN.
SuperNET NAV = (4146.33567247 + 2237.38105) / 497564.4573 = (6383.71672247 / 497564.4573) = 0.01282993 BTC
This is a 23% premium over the TOKEN NAV, even when using the 20% dilution.
I hope these calculations make it clearer how all this works
James
Isn't this ICO the whole reason NXT has been on a constant pump? Since a lot of people sell BTC for NXT to get in to the ICO cheaper.
What happens when this ICO is over, I guess we'll see a correction in NXT prices and thus a correction in TOKEN/UNITY NAV
Did anyone mined some blocks ? How long per block. ?
What is your HASH ?
What is your HASH ?
Hash 4.3 mined 1 block 14 hours ago
How to mine it on windows?
It's too hard to use....
I follow the instruction as PTS. And when I type "setgenerate true 3", got a lot of errors.
Set generate true 1, it only works with one threadIt's too hard to use....
I follow the instruction as PTS. And when I type "setgenerate true 3", got a lot of errors.
Emm, now I can run. However, I got 0h/s with one thread.
How to mine it on windows?
It's too hard to use....
I follow the instruction as PTS. And when I type "setgenerate true 3", got a lot of errors.
Set generate true 1, it only works with one threadIt's too hard to use....
I follow the instruction as PTS. And when I type "setgenerate true 3", got a lot of errors.