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Showing 18 of 18 results by tesslerc
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Topic
Board Bitcoin Discussion
Re: Stabilized Bitcoin using eMunie economics
by
tesslerc
on 10/02/2016, 07:36:28 UTC
fiat
A. 3-5 business days. for wire transfers, cheques and even paypal withdraws
D. comparing Visa worldwide is a failure of understanding visa.. dd you know that Visa has not 1 ledger.. but multiple ledgers. and the statistics of world transactions is based on the combined sum of all their ledgers.. on that note. i wish to combine bitcoins ledger to represent visa USA, litecoin to represent VISA europe, feathercoin to represent Visa UK.  and a dozen other altcoins to represent the other dozen Visa ledgers.. and then lets combine the total transactions per second of cryptocurrency as a whole

A. 3-5 buisiness days for the payment to come in, but you have a central authority that can promise you within seconds that the money WILL come through. This element of trust makes VISA effectively REAL TIME.
With bitcoin you can't truly use it to buy day-to-day items, buying over the internet sure, but a coffee at starbucks? or a burger?

D. VISA can have 50 ledgers or even 1 trillion. This isn't the same as saying bitcoin represents X and litecoin represents Y.
VISA as VISA is a single protocol that can process many TX's at once. The exact details on how they implemented their technology isn't relevant, what is relevant is the outcome.
If you are able to force EUROPE to use ONLY litecoin, and the USA to use only BITCOIN, and somehow this is able to withstand VISA scale TX's world wide - FINE. But the current status is - if I want to use Bitcoin or any other crypto that has any activity at all, I will need to wait - this is what eMunie comes to fix.

...
lastly bitcoin is a great currency..
instead of centralized inflation that causes people to not save their income, and to spend it so much they even get loans to spend more, causing the country to have debt issues..

bitcoin is deflationry.
infact the coins i said in 2012-15 i am now spending happily without a care in the world. because the deflationary nature has helped me to turn a one hours wage into a weeks worth of spending. all because i saved.
...

Tell that to the people who bought at $1K and are now holding worthless bits and bytes.
In order for a crypto to actually work as a currency, for people to truly use it, and not use it as a means of converting fiat back and forth, you need it to be stable.
I will never use bitcoin to pay for anything, for the simple reason that what if 5 minutes after I pay for my dinner (for example), the price rises by 50% due to some whale buying.
So now the meal I just payed for $60 has now actually cost me $90.

In eMunie, when more supply is made, it is spread between all "share holders". Meaning that holding will benefit you. When the system creates new currency due to increase demand, a certain percent goes to those who have done work (i.e validate tx's and other actions that help the system) and a certain percent goes to the share holders based on the amount of shares they hold.
You should expect over time, that even though a single coin is still worth the same - the total amount of coins you have will rise, making your 1 hours work multiply.
Post
Topic
Board Mining (Altcoins)
Re: [P2POOL] [Q2C] QubitCoin p2pool for gpu and cpu workers
by
tesslerc
on 04/03/2014, 20:34:06 UTC
Just joined on Smiley

GeKPZiHMLPnBRHxP4BqyRCqn9KYaVgnL53
Post
Topic
Board Altcoin Discussion
Re: NEM - copycat scam?
by
tesslerc
on 16/02/2014, 18:45:26 UTC
Seeing as NxT copy every feature that eMu bring to the development table, so if we go with your logic - then the NxT you are defending is actually also a copy cat coin?

Just making sure that i'm not the only one that feels NxT hasn't got even one single unique feature that eMunie hasn't had in beta for a few months already.
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Topic
Board Announcements (Altcoins)
Re: █ █ [NUT] NutCoin █ █ Season 01 Episode 03 █ █
by
tesslerc
on 08/02/2014, 20:39:43 UTC
I think we should adapt adaptive-n-factor scrypt.
Less hash power volatility, resilient to asic mining and on the long run creates a more stable coin.

Is it possible to start over?

Only start over with preserve of the coins that are all ready mined. I don't like that my electricity and hashes are wasted to put something "extra" to the coin.

Not sure if it is possible, but maybe if there is a major update to the client that it automatically changes the mining function starting from block X
Post
Topic
Board Announcements (Altcoins)
Re: █ █ [NUT] NutCoin █ █ Season 01 Episode 03 █ █
by
tesslerc
on 08/02/2014, 16:52:23 UTC
I think we should adapt adaptive-n-factor scrypt.
Less hash power volatility, resilient to asic mining and on the long run creates a more stable coin.
Post
Topic
Board Altcoin Discussion
Re: Are Etherum and Emunie scamcoins?
by
tesslerc
on 03/02/2014, 20:08:17 UTC
If there was an intention to scam anyone, dan could have ran off weeks ago with more than enough in profits.

That's ridiculous with the IPO, canceled IPO, and fairly disingenuous explanation of said cancellation and new IPO on the horizon. However, I don't think that eMunie is a scam. I don't think either outright intend to be, the question is whether or not people might feel cheated afterwards.

The danger I see with eMunie is that very little information on the mechanical details has been released as far as I can tell, though I haven't gone sifting through the entire forum. eMunie might not be the protocol that some people imagine it to be. Regardless, I think the likelihood of it doing well for some time may be high. However, the closer the IPO gets (is there a new date set yet?) without the technical details of the protocol being explained in a legible format should raise the wariness of investors. It's investing into a black box.

Ethereum on the other hand has been more open about the details, however there is very little in code (afaik) and they are/were asking for a ridiculous amount of money to make a protocol that has a lot of buzzwords that sound like cool ideas, but will they have a real near-term impact? My intuition is doubtful on that. It doesn't help that there is not just the IPO, but also setting their organization up with control of a large percentage of the currency. I think the risk of people feeling cheated by Ethereum is much higher.

Well the details are dynamic, they are changing as we speak.
This is the beauty of it all, it isn't a state that someone came up with a theoretical idea and went all in (as cool as it might be), every idea is tested, every option is valued - and in the end the best is taken.

So many technical aspects of the client have changed and might still change, the investment you make it the same as you make in any other coin - based on if you believe this can and will be a big thing.
No one makes you buy into this coin, this is 100% optional and there will be an option to get coins via hatching (similar to mining).

I think if you truly compare eMunie to any other coin (besides bitcoin), you will see that even prior launch, the efforts gone into development are huge - whilst other coins with over $50M in market cap don't have anything that differentiates them from the rest (besides block time / reward size).
Post
Topic
Board Altcoin Discussion
Re: Are Etherum and Emunie scamcoins?
by
tesslerc
on 02/02/2014, 20:51:01 UTC
I think there are enough topics on the matter.

eMunie is not a scam, if eMunie was a scam there wouldn't even be a beta client such evolved. The client is in beta (soon open beta) and it works x20000 better than any other Bitcoin copy out there.
If there was an intention to scam anyone, dan could have ran off weeks ago with more than enough in profits. This is the real deal, but.. you guys can keep on trolling and trying to move people away from the project, but we all know that the moment it goes live - it will be HUGE.
Post
Topic
Board Group buys
Re: [SHARES] [OPEN] BITFURY SHARES (840+ GH/s) (Switzerland)
by
tesslerc
on 01/02/2014, 18:13:30 UTC
Sounds good overall.
What is the predicted price for the miner?
Post
Topic
Board Announcements (Altcoins)
Re: █ █ [NUT] NutCoin █ █ Season 01 Episode 03 █ █
by
tesslerc
on 30/01/2014, 20:26:23 UTC
Since my crypto circle isn't too big, I sent you 25,000.
Hope this will really go towards a good cause in promoting this coin and giving out charity nuts to the people.

 Smiley
Post
Topic
Board Announcements (Altcoins)
Re: █ █ [NUT] NutCoin █ █ Season 01 Episode 02 █ █
by
tesslerc
on 29/01/2014, 21:10:22 UTC
https://www.cryptopoolmining.com/

Also has a nice hash rate going on Smiley
Post
Topic
Board Announcements (Altcoins)
Re: [NUT] NutCoin - The Next Generation Crypto Currency
by
tesslerc
on 23/01/2014, 00:08:18 UTC
We need to learn from dodge - community is almost  everything in a coin.
We need to arrange give aways, lottery, maybe even tip bot for reddit.

The more people we can pull towards nutcoin will gain more interest and eventually help stabilize coin.

It is good that this coin isn't on any trade site yet, this way the mining network isn't yet affected the pool jumpers - get a basic group built up and we go to the moon :-)
Post
Topic
Board Altcoin Discussion
Re: [POSSIBLE SCAM] ***********EMUNIE - CAUTION ADVISED*************
by
tesslerc
on 12/01/2014, 08:21:49 UTC
Lol.. well i think the eMu beta testers have defended eMu enough.

Ok you are right, eMunie is a scam, this coin will fail ok? so now stop spamming everywhere about it, ignore emunie don't invest and come back and cry in half a year when you missed the ride of your life.
Post
Topic
Board Altcoin Discussion
Re: eMunie Beta Test
by
tesslerc
on 11/01/2014, 17:51:42 UTC
Is there some way to audit how much Fuserleer create for himself, his friends etc.? Fully anonymous system? That means no way for independent checking? How can outsiders know how much of that declared presale investment is just an excuse to create emunies for himself to stash away.

Anyway, when will the whitepaper with lots of details come out? It was supposed to be some time ago.

There will be publicly available information on all the pre-launch investments made, and the amount of eMu.

There will also be a block explorer of such, so with that in mind, ANYONE can cross check that the amount of invested is equal (or close to save for tester bonuses and rounding) to amount of eMu created.

I CAN NOT create additional eMu after the genesis block and wallets, that is governed and controlled by the supply algorithms and is distributed to balance holders and hatchers as per the rules of the system (which have been documented in various threads over and over).

I'm not even bothering to answer eMules FUD.

I was not talking about whether the total amount of emunie created is consistent with what is entailed by the total investment declared and unit price in presale. I was asking about how is it possible for the outside world to know the investors in presale are all real entities independent of you.

Are you going to reveal the identities of all investors? If some names are disclosed, how can people verify that none of them are fictitious, or as forum lingo goes, your sock puppets? With a totally anonymous system (let's assume you're successful with that), is it even possible to show you do not own more emunie than you'd like to tell? Is this a matter that can only be taken on faith?

If there is indeed no way to confirm the truth one way or another, why wouldn't one take this chance to acquire a big stash secretly? Who is to say one should not profit from his hard work, earn well for his talent, or a potentially revolutionary project should not let its visionary architect reap great rewards? Surely, it's easy to trust yourself in never crashing the market with it, to reason an emergency fund must be set aside just in case, and to believe it'd only strengthen your guiding hand to help emunie fulfill your vision. It's really not hard to convince oneself that apart from being the profitable thing to do, this is in fact the right thing to do.

I'm not writing to say you shouldn't do it either. I'm just highlighting the possibility or should I say, opportunity.  Wink


Well I believe this is also a pretty easy thing to validate up to a few thousand eMu (which isn't such a big amount after all).
The investments are done on 3 fronts: 1. BTC, 2. LTC, 3. Wire transfers.
Wire transfers are harder to track, but looking in the blockchain to see total BTC and LTC sent to the addresses Fuserleer uses for these investments can be a pretty good indicator as to how much has been invested from the outside give or take a few % invested by wire transfers.
Post
Topic
Board Altcoin Discussion
Re: eMunie Beta Test
by
tesslerc
on 10/01/2014, 13:08:29 UTC
A presale is a presale no matter what kind of nice story the dev made up and all the talk doesn't chance the fact it is closed source.

So the ripple source gets released and within 48 hours a clone in development is announced. I wonder why eMunie is going to be closed source for a while?  Huh
Does that matter?
Bitcoin is cloned, Litecoin is cloned, Ripple is cloned

What does coinmarketcap say:
1 Bitcoin
2 Ripples
3 Litecoin

I think a clone would be less damaging for eMunie than keeping it closed source.

Yes, bitcoin and litecoin were out long before the crypto scene started to rise - so there was little to no incentive at all to even create a clone.
Since the rise of crypto there is a great reason as to why to clone a coin.

As stated many times by Fuserleer, the source will be released a few months after launch. This is to ensure that eMunie does retain a proper place before people do start cloning.

Think of it like this: Bitcoin is released and then 50 other coins the day after. Why would you pick bitcoin? no reason if you ask me..


Regarding the pre-sale, you can keep on ranting that pre-sale is pre-sale and what ever you want.
Every coin holds bounties, every coin needs a strong dev team. I don't believe the dev teams (on any coin) need to work for free, since they are giving service to all of us.

The pre-sale is just that, this is money that goes into the foundation, the foundation has many roles some of them to promote the coin via bounties on projects people do or commercials.
Besides that also to pay the active developers for their hard work. And in the case of eMu also retains part of the pre-sale to cushion the price-drops should they arise.


...


Just reading on Bitcointalk won't give you enough information in my opinion. You should go over to the official eMu forums, you should ask to join the beta testers on the official thread - and then you might get a glimpse of what eMu is really about.
Post
Topic
Board Altcoin Discussion
Re: eMunie Beta Test
by
tesslerc
on 10/01/2014, 12:16:46 UTC
I am also a beta-tester in eMunie.

I would like to comment regarding the "low client downloads" on the forum download page -> this number only reflects the amount of people that download via the site.
Most of us get a link to Fuserleers dropbox, and those don't count on the forum page.

Regarding the questions about the reset:

This Crypto, unlike other coins, is undergoing massive beta-testing.
We (being me, the other beta-testers, the founders, and the people who will get into this crypto once it goes live) don't want there to be any errors or glitches found after release.
No one want's a beta-test released as official.

And just to assure you.. we just went on to a new beta, this beta deleted all prior blocks and everyone started from 0 again - meaning if we do this on a beta level... of course it will be done on the full release Smiley


---

And regarding Fuserleer stealing your wallets, well ok this is closed source, and lets say this is possible.
What interest does he have in doing so? he has been working for 10+ hours every day for the past year on this project. If he would have wanted just to steal your money, he could have released a scam coin ~6 months ago, it would have gotten a ton of attention around the rise of LTC/BTC and then he could have made way more.

This project is the real deal. If he steals your eMu's he is essentially ruining the credability of the project and as a result will lower / demolish the belief of people in the coin -> that will drive the coin price to 0 -> that will mean all he stole will be worthless.

The same reason a 51% attack is relevant only if the person doing the attack intends on driving the coin to the ground - a 51% attack on btc will make people lose all hope in btc and panic sell, making all the attackers wealth worth 0.
Post
Topic
Board Group buys
Re: [SHARES] [OPEN] BITFURY SHARES (840+ GH/s) (Switzerland)
by
tesslerc
on 29/12/2013, 19:14:13 UTC
earnings seem to be dropping by 0.4 BTC per week,
at this rate in another month it will no longer be profitable to mine ....

Yep, bitcoin is gaining difficulty too fast.
I doubt anyone will get to 50% ROI
Post
Topic
Board Services
Re: Butter Bot!: New Bitstamp, BTC-E, and MtGox EMA Trading Platform
by
tesslerc
on 24/11/2013, 08:15:22 UTC
1º trigger -  10% drop price achieved since the sell  - buy with quick with 80% of the cash
2º trigger -  20% drop price achieved since the sell  - buy with quick with 10% of the resting cash
3º trigger -  90% drop price achieved since the sell  - buy with quick with 10% of the resting cash...



this should not be very difficult to program for experienced coders, i am not that good at this, but the most difficult part checking ema lines
and so on, looks like its done, its just a fact of turn the bot more wise to get bitcoins and not fiat,
just following EMA lines trend is not that good, and can end up loosing bitcoins quite sure (as i already show a few posts back)
specially when it buys and sells all of your money in each operation

This bot needs diversification!

Adding those options would result in a much more wise trading operation steps.
It also might be moved an extra step adding diversification rules on the sell and not just in the buy, like

1º trigger - before EMA lines are crossed, sell 50%
2º trigger - if EMA lines are crossed, sell the other 50%

or so



Question is how do you know when to sell?
Ofc if market relatively drops, then buy in (if you believe that btc will always go up).
But.. when do you sell?

Market just went up from 200 usd to 500 usd do you sell?

250% higher than before right? then it rose to 900 usd 5 minutes later.
You buy in now?
What promises that if you sold for 500 it will return to under 500 later and you won't lose all your $$
Post
Topic
Board Group buys
Re: [SHARES] [OPEN] BITFURY SHARES (740+ GH/s) (Switzerland)
by
tesslerc
on 05/11/2013, 15:52:32 UTC
Just wanted to hop in and say that darkfriend is a very trust-worth guy.

Thanks for the opportunity Smiley