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Showing 20 of 32 results by MichaelMeu
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Board Announcements (Altcoins)
Re: [ANN] NIX - Cross-chain privacy & smart contracts. Make BTC & Alt TX's private!
by
MichaelMeu
on 10/05/2018, 17:12:09 UTC
Detailed review of NIX circulating on twitter to check out

https://twitter.com/DYORMonkey/status/994385510083780608
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Topic
Board Announcements (Altcoins)
Re: [ANN] NIX - Cross-chain privacy & smart contracts. Make BTC & Alt TX's private!
by
MichaelMeu
on 01/05/2018, 23:48:50 UTC
I've heard that all tokens that will not be sold in the ICO process will be destroyed, is that true? Is this step aimed at supporting the price of the token?


Need to do a bit more reading my friend. Extra coins will go to the team's R&D fund as per their website blog post (https://nixplatform.io/information/get-nix/) Smiley
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Topic
Board Announcements (Altcoins)
Re: 🌟[ANN][ICO] Coinlancer.io CL - Freelancers Of The World Unite - ICO| 14th OCT🌟
by
MichaelMeu
on 28/03/2018, 02:55:02 UTC
Looking like CoinLancer's ICO may really be just as 'successful' as Jet8's...
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Topic
Board Altcoin Discussion
Re: Darn etherdelta
by
MichaelMeu
on 28/03/2018, 02:50:24 UTC
Now I am using forkdelta instead of etherdelta I feel much comfort in forkdelta but I really disappointed with etherdelta horrible behaviour . I was the investor of etherdelta token sale . They raised 10 million even no news about that .

They what? Seriously? That's mental. Shows how ridiculous ICO funding became last year. What was the utility of the token? A share in its profits?
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Topic
Board Trading Discussion
Re: Pump and Dump. How to make a profit?
by
MichaelMeu
on 28/03/2018, 00:20:35 UTC
Actually pump and dump is a jargon used in investment as a term fraudulent activities. I think these people just want to deceived people and steal the money of their investors to earn instant income.

Yes, this exactly. It's for reasons like P&D that makes me favour regulation.
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Topic
Board Altcoin Discussion
Re: Darn etherdelta
by
MichaelMeu
on 28/03/2018, 00:18:59 UTC
Just wanted to add to all of this, I discovered IDEX in recent months. It has a few issues now and again, but genuine question: why can't etherdelta be more like IDEX?
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Topic
Board Tokens (Altcoins)
Re: ⚡ [ANN] ⚡ TriForce Tokens Gaming ⚡ [ICO Escrowed] 🚀 Industry Partnerships 🚀
by
MichaelMeu
on 19/02/2018, 16:00:22 UTC
@JCBAHY

The token metrics for this sale does not make sense.

A hardcap of $20,000,000 with
available tokens for sale = 1,500,000,000
1ETH = 6,000 Force

So assuming ETH = say $950 (easy for rounding and close to current price)

Therefore token price =

$950/6000

= $0.158

So to get hardcap, multiply that by the number of tokens for sale, 1,500,000,000,

Then hardcap = 1,500,000,000,* $0.158

Which equals around $237,000,000 dollars - as opposed to $23,700,000 which is essentially your $20m hardcap advertised with the extra 3.7m discrepancy due to the eth price I chose.

Token sale figures taken directly from your website. So either a) you have an extra 0 in token supply or b) your hardcap is 10x as much as you advertise it to be.

Which is it?




Math is hard so i wont pretend that i understand all of it,but im pretty sure team figured out everything and adjusted it to this lowered hard cap.

Pretty basic math my friend. If you can't understand simple math with regarding the token metrics of an ico you're effectively pissing in the wind when investing your money
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Topic
Board Tokens (Altcoins)
Re: ⚡ [ANN] ⚡ TriForce Tokens Gaming ⚡ [ICO Escrowed] 🚀 Industry Partnerships 🚀
by
MichaelMeu
on 19/02/2018, 15:52:13 UTC
@JCBAHY

The token metrics for this sale does not make sense.

A hardcap of $20,000,000 with
available tokens for sale = 1,500,000,000
1ETH = 6,000 Force

So assuming ETH = say $950 (easy for rounding and close to current price)

Therefore token price =

$950/6000

= $0.158

So to get hardcap, multiply that by the number of tokens for sale, 1,500,000,000,

Then hardcap = 1,500,000,000,* $0.158

Which equals around $237,000,000 dollars - as opposed to $23,700,000 which is essentially your $20m hardcap advertised with the extra 3.7m discrepancy due to the eth price I chose.

Token sale figures taken directly from your website. So either a) you have an extra 0 in token supply or b) your hardcap is 10x as much as you advertise it to be.

Which is it?


Hi Michael,

Thats a great question and point you have raised there.

There are many factors that have come into play which has effected this. For starters, when we first decided upon our hard cap, which is fixed to the price of ETH, the value of ETH was much lower. Our hard cap should really be set against a fixed amount of ETH, however we have already changed our hard cap twice and we want to refrain from consistently changing things and causing confusion.

Another reason for our hard cap being much lower than what you suggested above, is due to the community and there response. We originally set our hard cap to $60m. Since then we have had the community state that we should lower our hard cap.

The purpose of the hard cap is to stop an ICO from raising more than it needs. Our goal is $20m and therefore we have set our hard cap at $20m. Taking more than that would be greedy and unnecessary. We are here to empower the community with our technology, not take from them. We have a solid four plan which we have reviewed multiple times with many of our advisors who come from strong business backgrounds, from which we have strategically planned so that $20m covers the project for 4 years.

Due to us deciding upon the total supply back in 2017, this has also had an effect and therefore is the reason why we will be left with some many extra tokens. However, our smart contracts are designed to only mint the amount of FORCE that is purchased, meaning that if only 1m FORCE were bought, that would be all the FORCE that would exist. Rather than burning the rest of the supply, it makes more sense to only mint what is purchased. I hope that makes sense?

I understand that this may cause some confusion, but we are trying to balance between constantly changing things and causing confusion as well as getting things right. The way we see it is that, $20m is now our hard cap. That is what we need $20m to carry out our 4 year plan. Taking anymore than $20m would therefore be unnecessary.

So to answer your question, our hard cap is fixed at $20m. We will not take more than $20m. Whatever is minted, is final.

Thank you for raising this point, its a great question and I am sure it will help the rest of the community as well.

I hope I have answered your question? If there is any other questions you may have, I'd be happy to answer them.

~ Jake Ashby, General Manager TriForce Tokens
 

"Thats a great question and point you have raised there" yet no one sends me any merit  Huh Huh Huh

In all seriousness now, thanks for your reply and that largely makes sense.

But let's just be clear:

1) of the 2,000,000,000 tokens, none have yet been minted I assume?

2) 1ETH will remain pegged to 6,000 tokens regardless then?

3) So only 25% of total supply of all tokens minted will not be sold rather than the fixed amount of 0.5bn?

4) If above is correct, then why not just change the token limits now? (which would not the price of the hardcap) Just update things saying 1ETH = 6,000tokens, link price of ETH to USD, and have total number of tokens automatically calculated? The current approach just seems a rather roundabout way of doing things in all honesty.

Post
Topic
Board Tokens (Altcoins)
Re: ⚡ [ANN] ⚡ TriForce Tokens Gaming ⚡ [ICO Escrowed] 🚀 Industry Partnerships 🚀
by
MichaelMeu
on 19/02/2018, 14:42:38 UTC
@JCBAHY

The token metrics for this sale does not make sense.

A hardcap of $20,000,000 with
available tokens for sale = 1,500,000,000
1ETH = 6,000 Force

So assuming ETH = say $950 (easy for rounding and close to current price)

Therefore token price =

$950/6000

= $0.158

So to get hardcap, multiply that by the number of tokens for sale, 1,500,000,000,

Then hardcap = 1,500,000,000,* $0.158

Which equals around $237,000,000 dollars - as opposed to $23,700,000 which is essentially your $20m hardcap advertised with the extra 3.7m discrepancy due to the eth price I chose.

Token sale figures taken directly from your website. So either a) you have an extra 0 in token supply or b) your hardcap is 10x as much as you advertise it to be.

Which is it?


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Topic
Board Altcoin Discussion
Re: Darn etherdelta
by
MichaelMeu
on 03/02/2018, 14:59:59 UTC
I don't get to use it all that often these days but I do check its speed out of curiousity and it's zip-zap quick!
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Topic
Board Altcoin Discussion
Re: LIST: How to define ICO terminology
by
MichaelMeu
on 31/01/2018, 00:16:33 UTC
Hi all,

I'm working on this list of ICO definitions. This is a LIVING LIST, and I'm seeking input so that I can create a public glossary of sorts. Share your thoughts! I'll constantly update the definitions on this list based on new information. See the end of the list for sources...there will be many in addition to the feedback I get here.

This ICO DEFINITION LIST works in tandem with this HOW TO EVALUATE ICO OPPORTUNITIES list.

First, I am gathering a list of terms to be defined. Let me know what you'd like to add:

  • DApp:
  • Token:
  • Utility Token:
  • Security Token:
  • Usage/Work Token:
  • Use Case:
  • Testnet:
  • MVP:
  • Hard Cap:
  • Soft Cap:
  • ROI:
  • Marketcap:
  • Freeze:
  • Vesting:
  • Staking:
  • Masternodes:

Thanks in advance for your collaboration!


Sources:
1.

Mining, Proof of Work, Proof of Stake, hashing, gas, gwei,
- there's also some platform specific ones like - IOTA's tangle, Ethereum's ERC-20 tokens, NEO's gas etc. which is dependent upon which platform a project wishes to run on
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Topic
Board Trading Discussion
Re: Pump and Dump. How to make a profit?
by
MichaelMeu
on 27/01/2018, 14:27:27 UTC
I do not advise you to try to make money on pamp groups. Only the organizers of pumps earn on them. Perhaps you will be able to make some money at first, but in the end you will lose all your money. There are no honest pump groups.

This is true. DO what others have suggested and invest in ICOs if looking for short-term gains. Otherwise, invest in solid projects with a decent reputation like DeepOnion for example.
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Topic
Board Announcements (Altcoins)
Re: 🌟[ANN][ICO] Coinlancer.io CL - Freelancers Of The World Unite - ICO| 14th OCT🌟
by
MichaelMeu
on 27/01/2018, 14:25:42 UTC
Good project ! This would surely make our lives easier as free lancers in the web . Coz most websites they get some of your eanings , greedy developers . Im hoping for your success ! Keep it up !

Yeah, I doubt this project is legit as I mentioned in the Telegram chat and as others have pointed out in this thread. DYOR please for your sake, not mine.
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Board Off-topic
Re: Sandbox civiliztion!
by
MichaelMeu
on 27/01/2018, 14:23:34 UTC
The idea has always attracted me! Create an environment (model it somehow, in a programming language). Define some life form (model their replication, mating, dying etc.) then let them live! Even could model a crypto into it, in order to test how it will be distributed  Grin
The more complex their behavior, the more chaotic will the outcome be. But imagine one of these life forms continue to live! How would you feel, as their creator!  Grin Smiley Roll Eyes

This has already been. It's called 'Tamagotchi'.
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Topic
Board Speculation (Altcoins)
Re: Where to invest 500$
by
MichaelMeu
on 27/01/2018, 14:21:44 UTC
I think it makes sense to invest in more than one coin. What is said here is just a suggestion. The most accurate is your own research.
I recommend that you research neo, iota and cardano. I think these are coins to be valued in the future.


Yes, this man. Don't just listen to what people on this forum are saying - DYOR before investing. People here are just shilling coins for their own gain - not your gain!
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Topic
Board Archival
Re: Why to Invest in ICO?
by
MichaelMeu
on 27/01/2018, 14:20:05 UTC
Why people invest in ICO when it is risky and these days most of the coins are dropping. Do you think ICOs are going to survive for a long time?

Yes, they are very risky that is why you should only invest what you can afford to lose!

Myself and another member have, or are still in the process of creating a set of criteria upon which to value ICOs - to be fair, she'd one most of the work - in a bid to mitigte the risk associated with investing in them.

Check it out here if you want to find out more: https://bitcointalk.org/index.php?topic=2752708.msg29007070#msg29007070
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Topic
Board Announcements (Altcoins)
Re: ANN- NAMO COIN. Future of cryptocurrency world
by
MichaelMeu
on 26/01/2018, 14:29:44 UTC
So I see this is a dead coin?

Yes, dead and buried. Hopefully the thread can be closed.

What do you mean? I still have active connections in my wallet.

It's a lot more common than you think. Always be careful when investing.
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Topic
Board Altcoin Discussion
Re: Darn etherdelta
by
MichaelMeu
on 26/01/2018, 14:21:02 UTC
Bumping this thread because I noticed to today that Etherdelta was loading very quickly.  Fastest I've ever seen.  There is about a 5 second delay for the DDoS support, then about 5 seconds to load.  Used to take 30-60 seconds. 

Yeah I've seen a huge improvement too recently, been pretty much consistent over this last week or so also
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Topic
Board Meta
Re: Forum ranks/positions/badges (What do those shiny coins under my name mean?)
by
MichaelMeu
on 25/01/2018, 21:32:11 UTC
Jr Members can no longer have signature links.

Can you please confirm theymos whether the removal of signature links for Jr members only applies to all current and future members whom have not yet reached junior member rank? Or are current junior members with signatures having also having this privilege revoked? Cheers
It all applies to both current and future junior member account till you rank up with your activities count and merit. Check the link Lutpin posted above you.

new mwmber here. Cant wait to become legendary lol
long way to go but i can be patient Cheesy
You might also want to check out that link too.

Thanks, appreciated
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Topic
Board Meta
Re: Forum ranks/positions/badges (What do those shiny coins under my name mean?)
by
MichaelMeu
on 25/01/2018, 03:08:38 UTC
Jr Members can no longer have signature links.

Can you please confirm theymos whether the removal of signature links for Jr members only applies to all current and future members whom have not yet reached junior member rank? Or are current junior members with signatures having also having this privilege revoked? Cheers