Topic: [ANN] CryptoCircuits (CIRC) | Johnny 5 Bot Now Live V2 RhinoHunter Soon Released - page 329. (Read 354501 times)
June 15, 2015, 01:11:11 PM
Not surprised. Whoever designed this coin has put in some tasty features. 4 weeks of DPOS then some kind of Texas cage match, battle to the death sorta shakeout. Hell i am in just for the ride. Gonna be some volume on this one.
June 15, 2015, 12:57:38 PM
My twitter feed just blew up with retweets from the devs last tweet.
I got a good feeling here.
Even Ccex retweeted it and I dont see them retweet anyone.
I'll buy some.
I got a good feeling here.
Even Ccex retweeted it and I dont see them retweet anyone.
I'll buy some.
June 15, 2015, 11:54:18 AM
I might be proven wrong but I believe you may be proven wrong. If these guys have cracked Variable DPOS that is a pretty solid step forward. Cheesy photoshop manipulation? That really does not fit with cracking a major crypto challenge. I am watching this with interest.
I agree. It's no small feat to pull it off. It certainly got my attention and I will be buying this coin on that alone. They have a great looking road map as well. The burn and culling should be pretty interesting concepts to see play out imo. If it works as intended I see many coin copying this approach.
June 15, 2015, 11:49:23 AM
How is the trading bot going to work?
Haha good meme. Sorta what I thought when i started reading the ANN.
Looks to me like a simple trade bot for the noobs, and more features for the traders and whales. Maybe something like Quatloo but more intuitive i would hope. I like Quat but the gui looks like it came outa some IBM lab in the sixties.
June 15, 2015, 11:34:56 AM
How do the 3 or so levels of pos work? Are they masternodes that pay out higher % as you go up? Looks like a great idea imo.
June 15, 2015, 10:33:40 AM
Screen shot: 1
Video coming soon.
Video coming soon.
Looks pretty cool to me. It has a nice fresh look to it.
June 15, 2015, 10:13:59 AM
Wow
Nice graphic.
IPO on 17th. And you are aiming to crouwfund 160 BTC.
Nice graphic.
IPO on 17th. And you are aiming to crouwfund 160 BTC.
June 15, 2015, 10:02:13 AM
Exact ICO start time?
June 15, 2015, 09:40:49 AM
Looks like just another ICO P&D scam to me.
Nothing new here.
I may invest a bit but only because scams are also money makers.
Nothing new here.
I may invest a bit but only because scams are also money makers.
June 15, 2015, 09:24:40 AM
How is the trading bot going to work?
June 15, 2015, 09:18:45 AM
Screen shot: 1
Video coming soon.
Video coming soon.
Oh man, that is sweet!
Bring on the vid. Lets see action.
June 15, 2015, 09:01:34 AM
Deadly flaw alert Deadly flaw alert Deadly flaw alert Deadly flaw alert Deadly flaw alert
With the numbers you have set up there can never be mass adoption of this coin.
How can you have mass adoption with a maximum of 150 traders in the traders lounge (150 btc=150 1%er) and 0 whales or a mix of the two but it cant have mass adoption the way you have it set up. Another reason is because what if the price goes to $1 then to access the traders lounge you will need 27000 usd.
Which will never happen.
So dev, what is your answer for this?
Quote
Traders Lounge: This panel unlocks at staked weight of 1% of total coin supply (27,000 Circuits) - These users will benefit from 1% additional stake per block.
Whale Lounge: This panel unlocks at staking weight of 3% of total coin supply (81,000 Circuits) - These users will benefit from 3% additional stake per block.
Whale Lounge: This panel unlocks at staking weight of 3% of total coin supply (81,000 Circuits) - These users will benefit from 3% additional stake per block.
With the numbers you have set up there can never be mass adoption of this coin.
How can you have mass adoption with a maximum of 150 traders in the traders lounge (150 btc=150 1%er) and 0 whales or a mix of the two but it cant have mass adoption the way you have it set up. Another reason is because what if the price goes to $1 then to access the traders lounge you will need 27000 usd.
Which will never happen.So dev, what is your answer for this?
Have you been dropped on your head as a kid? The devs can most probably change the amounts at any time with a simple wallet update and small change in the code. Other coins have the same thing going and I'm sure its an easy adjustment when needed.
The percent amounts will be open to adjustment in the future. Particularly in the Assembly phase there will be a a great deal of latitude to adjust the parameters of the wallet to optimize the wallet rewards and incentives.
What we mentioned before bears repeating: the locking and unlocking technology of the wallet allows us to do many different things - not just the Variable DPOS staking, but also down the road to establish elevated levels for OAUTH participants, inner circle participation for the post-Culling phase, and much more.
On another note, this is a moderated thread, and we would like to encourage a free and open and respectful atmosphere. The 'dropped on your head when you were a kid" sort of razzing is perhaps not entirely necessary. We want to encourage real participation, not intimidate people. Thanks for your consideration.
CryptoCircuits
Ok I am sorry I posted like I did without all the information. Now that I know this can be changed as it grows I don't see it as a fatal flaw anymore.
Is there a circuits twitter I can follow?
June 15, 2015, 08:49:59 AM
Deadly flaw alert Deadly flaw alert Deadly flaw alert Deadly flaw alert Deadly flaw alert
With the numbers you have set up there can never be mass adoption of this coin.
How can you have mass adoption with a maximum of 150 traders in the traders lounge (150 btc=150 1%er) and 0 whales or a mix of the two but it cant have mass adoption the way you have it set up. Another reason is because what if the price goes to $1 then to access the traders lounge you will need 27000 usd. Which will never happen.
So dev, what is your answer for this?
Quote
Traders Lounge: This panel unlocks at staked weight of 1% of total coin supply (27,000 Circuits) - These users will benefit from 1% additional stake per block.
Whale Lounge: This panel unlocks at staking weight of 3% of total coin supply (81,000 Circuits) - These users will benefit from 3% additional stake per block.
Whale Lounge: This panel unlocks at staking weight of 3% of total coin supply (81,000 Circuits) - These users will benefit from 3% additional stake per block.
With the numbers you have set up there can never be mass adoption of this coin.
How can you have mass adoption with a maximum of 150 traders in the traders lounge (150 btc=150 1%er) and 0 whales or a mix of the two but it cant have mass adoption the way you have it set up. Another reason is because what if the price goes to $1 then to access the traders lounge you will need 27000 usd.
Which will never happen.So dev, what is your answer for this?
Have you been dropped on your head as a kid? The devs can most probably change the amounts at any time with a simple wallet update and small change in the code. Other coins have the same thing going and I'm sure its an easy adjustment when needed.
The percent amounts will be open to adjustment in the future. Particularly in the Assembly phase there will be a a great deal of latitude to adjust the parameters of the wallet to optimize the wallet rewards and incentives.
What we mentioned before bears repeating: the locking and unlocking technology of the wallet allows us to do many different things - not just the Variable DPOS staking, but also down the road to establish elevated levels for OAUTH participants, inner circle participation for the post-Culling phase, and much more.
On another note, this is a moderated thread, and we would like to encourage a free and open and respectful atmosphere. The 'dropped on your head when you were a kid" sort of razzing is perhaps not entirely necessary. We want to encourage real participation, not intimidate people. Thanks for your consideration.
CryptoCircuits
June 15, 2015, 08:48:50 AM
Deadly flaw alert Deadly flaw alert Deadly flaw alert Deadly flaw alert Deadly flaw alert
With the numbers you have set up there can never be mass adoption of this coin.
How can you have mass adoption with a maximum of 150 traders in the traders lounge (150 btc=150 1%er) and 0 whales or a mix of the two but it cant have mass adoption the way you have it set up. Another reason is because what if the price goes to $1 then to access the traders lounge you will need 27000 usd. Which will never happen.
So dev, what is your answer for this?
Quote
Traders Lounge: This panel unlocks at staked weight of 1% of total coin supply (27,000 Circuits) - These users will benefit from 1% additional stake per block.
Whale Lounge: This panel unlocks at staking weight of 3% of total coin supply (81,000 Circuits) - These users will benefit from 3% additional stake per block.
Whale Lounge: This panel unlocks at staking weight of 3% of total coin supply (81,000 Circuits) - These users will benefit from 3% additional stake per block.
With the numbers you have set up there can never be mass adoption of this coin.
How can you have mass adoption with a maximum of 150 traders in the traders lounge (150 btc=150 1%er) and 0 whales or a mix of the two but it cant have mass adoption the way you have it set up. Another reason is because what if the price goes to $1 then to access the traders lounge you will need 27000 usd.
Which will never happen.So dev, what is your answer for this?
Have you been dropped on your head as a kid? The devs can most probably change the amounts at any time with a simple wallet update and small change in the code. Other coins have the same thing going and I'm sure its an easy adjustment when needed.
I am not a dev so I don't know this, but then everyone will need to update and that could make a fork cant it? Still looks like a fatal flaw to me.
No dude. Updates happen all the time in crypto and most go through without a hitch. You know, for someone who has little knowledge about being a coin dev, making updates and forks you really came across like someone who did know what he was talking about.
All that fatal flaw bullshit was unnecessary as you see now, all you had to do was reach out and ask questions and you would have known that this is not a flaw but a feature and a really cool one in my opinion.
June 15, 2015, 08:44:23 AM
Deadly flaw alert Deadly flaw alert Deadly flaw alert Deadly flaw alert Deadly flaw alert
With the numbers you have set up there can never be mass adoption of this coin.
How can you have mass adoption with a maximum of 150 traders in the traders lounge (150 btc=150 1%er) and 0 whales or a mix of the two but it cant have mass adoption the way you have it set up. Another reason is because what if the price goes to $1 then to access the traders lounge you will need 27000 usd. Which will never happen.
So dev, what is your answer for this?
Quote
Traders Lounge: This panel unlocks at staked weight of 1% of total coin supply (27,000 Circuits) - These users will benefit from 1% additional stake per block.
Whale Lounge: This panel unlocks at staking weight of 3% of total coin supply (81,000 Circuits) - These users will benefit from 3% additional stake per block.
Whale Lounge: This panel unlocks at staking weight of 3% of total coin supply (81,000 Circuits) - These users will benefit from 3% additional stake per block.
With the numbers you have set up there can never be mass adoption of this coin.
How can you have mass adoption with a maximum of 150 traders in the traders lounge (150 btc=150 1%er) and 0 whales or a mix of the two but it cant have mass adoption the way you have it set up. Another reason is because what if the price goes to $1 then to access the traders lounge you will need 27000 usd.
Which will never happen.So dev, what is your answer for this?
Have you been dropped on your head as a kid? The devs can most probably change the amounts at any time with a simple wallet update and small change in the code. Other coins have the same thing going and I'm sure its an easy adjustment when needed.
I am not a dev so I don't know this, but then everyone will need to update and that could make a fork cant it? Still looks like a fatal flaw to me.
June 15, 2015, 08:39:19 AM
Deadly flaw alert Deadly flaw alert Deadly flaw alert Deadly flaw alert Deadly flaw alert
With the numbers you have set up there can never be mass adoption of this coin.
How can you have mass adoption with a maximum of 150 traders in the traders lounge (150 btc=150 1%er) and 0 whales or a mix of the two but it cant have mass adoption the way you have it set up. Another reason is because what if the price goes to $1 then to access the traders lounge you will need 27000 usd. Which will never happen.
So dev, what is your answer for this?
Quote
Traders Lounge: This panel unlocks at staked weight of 1% of total coin supply (27,000 Circuits) - These users will benefit from 1% additional stake per block.
Whale Lounge: This panel unlocks at staking weight of 3% of total coin supply (81,000 Circuits) - These users will benefit from 3% additional stake per block.
Whale Lounge: This panel unlocks at staking weight of 3% of total coin supply (81,000 Circuits) - These users will benefit from 3% additional stake per block.
With the numbers you have set up there can never be mass adoption of this coin.
How can you have mass adoption with a maximum of 150 traders in the traders lounge (150 btc=150 1%er) and 0 whales or a mix of the two but it cant have mass adoption the way you have it set up. Another reason is because what if the price goes to $1 then to access the traders lounge you will need 27000 usd.
Which will never happen.So dev, what is your answer for this?
Have you been dropped on your head as a kid? The devs can most probably change the amounts at any time with a simple wallet update and small change in the code. Other coins have the same thing going and I'm sure its an easy adjustment when needed.
June 15, 2015, 08:37:30 AM
Hi Everyone
With regard to the Culling it is important to realize this comes a couple months into the coin. The Culling is a sort of herd thinning designed by Thursday Elliassen designed to increase market share of the smartest traders, the main escrow agents and the core community supporters, in preparation for 2 things: expansion of the OAUTH based social revenue programs in Phase 4, and the integration of this same core community - and their market skills - into the actual Circuits project.
Anyone can participate in the culling. For shrewd traders there are significant opportunities.
With regard Variable DPOS2 staking:
The wallet is coded to monitor both total staking amount and total coin count. The different panels lock and unlock according to these metrics. The various panels also lead one deeper into the Circuits community and dynamics. The farther in one goes, the higher the staking rewards.
These same metrics and locking panels systems will be later applied to the revenue stream program. Those operating near the core of the Circuits community will likely have serious social weight in their circles. This will be rewarded as we move deeper into our OAUTH based social revenue phase.
The wallet will be released immediately at the end of the ICO and will have its own user guide; we encourage everyone to read it carefully, both to understand the wallets many social features and crypto-tools, and also the Variable DPOS staking and how to optimize your staking revenue.
CryptoCircuits
With regard to the Culling it is important to realize this comes a couple months into the coin. The Culling is a sort of herd thinning designed by Thursday Elliassen designed to increase market share of the smartest traders, the main escrow agents and the core community supporters, in preparation for 2 things: expansion of the OAUTH based social revenue programs in Phase 4, and the integration of this same core community - and their market skills - into the actual Circuits project.
Anyone can participate in the culling. For shrewd traders there are significant opportunities.
With regard Variable DPOS2 staking:
The wallet is coded to monitor both total staking amount and total coin count. The different panels lock and unlock according to these metrics. The various panels also lead one deeper into the Circuits community and dynamics. The farther in one goes, the higher the staking rewards.
These same metrics and locking panels systems will be later applied to the revenue stream program. Those operating near the core of the Circuits community will likely have serious social weight in their circles. This will be rewarded as we move deeper into our OAUTH based social revenue phase.
The wallet will be released immediately at the end of the ICO and will have its own user guide; we encourage everyone to read it carefully, both to understand the wallets many social features and crypto-tools, and also the Variable DPOS staking and how to optimize your staking revenue.
CryptoCircuits
June 15, 2015, 08:34:25 AM
Deadly flaw alert Deadly flaw alert Deadly flaw alert Deadly flaw alert Deadly flaw alert
With the numbers you have set up there can never be mass adoption of this coin.
How can you have mass adoption with a maximum of 150 traders in the traders lounge (150 btc=150 1%er) and 0 whales or a mix of the two but it cant have mass adoption the way you have it set up. Another reason is because what if the price goes to $1 then to access the traders lounge you will need 27000 usd. Which will never happen.
So dev, what is your answer for this?
Quote
Traders Lounge: This panel unlocks at staked weight of 1% of total coin supply (27,000 Circuits) - These users will benefit from 1% additional stake per block.
Whale Lounge: This panel unlocks at staking weight of 3% of total coin supply (81,000 Circuits) - These users will benefit from 3% additional stake per block.
Whale Lounge: This panel unlocks at staking weight of 3% of total coin supply (81,000 Circuits) - These users will benefit from 3% additional stake per block.
With the numbers you have set up there can never be mass adoption of this coin.
How can you have mass adoption with a maximum of 150 traders in the traders lounge (150 btc=150 1%er) and 0 whales or a mix of the two but it cant have mass adoption the way you have it set up. Another reason is because what if the price goes to $1 then to access the traders lounge you will need 27000 usd.
Which will never happen.So dev, what is your answer for this?
June 15, 2015, 07:55:29 AM
Quote
The Culling
By Phase 3, we have built a community of skilled, active traders and investors who have arrived from many parts of the crypto landscape. Many of these traders and community members have established brands and escrow reputations within the CryptoCircuits ecosystem - through their participation in the various Slack rooms, being on-air in After Dark, and in their trading, teaching, and escrow dealings within the community. We have a strong network of branded escrow agents within Circuits - and now these escrow agents step forward to escrow The Culling.
The Culling is a 30 day period where any investor can post via Whale level escrow an offer to buy or sell any amount of Circuits. There is one simple rule: once an offer is posted and escrow established, anyone can propose the opposite of the offer, and the agreement is immediately effectuated.
Example: Sam offers to buy 2000 Circuits for 2 btc. He places both 2 BTC and 2000 circuits in escrow. Anyone can now immediately sell those Circuits to Sam - but anyone can also immediately demand 2000 Circuits from Sam at that exact price, and the sale is closed.
The result: a second phase price discovery that allows volatile, large scale, yet completely fair transfer of Circuits to the sharpest traders and those who are intent on becoming the core holders of Circuits.
By Phase 3, we have built a community of skilled, active traders and investors who have arrived from many parts of the crypto landscape. Many of these traders and community members have established brands and escrow reputations within the CryptoCircuits ecosystem - through their participation in the various Slack rooms, being on-air in After Dark, and in their trading, teaching, and escrow dealings within the community. We have a strong network of branded escrow agents within Circuits - and now these escrow agents step forward to escrow The Culling.
The Culling is a 30 day period where any investor can post via Whale level escrow an offer to buy or sell any amount of Circuits. There is one simple rule: once an offer is posted and escrow established, anyone can propose the opposite of the offer, and the agreement is immediately effectuated.
Example: Sam offers to buy 2000 Circuits for 2 btc. He places both 2 BTC and 2000 circuits in escrow. Anyone can now immediately sell those Circuits to Sam - but anyone can also immediately demand 2000 Circuits from Sam at that exact price, and the sale is closed.
The result: a second phase price discovery that allows volatile, large scale, yet completely fair transfer of Circuits to the sharpest traders and those who are intent on becoming the core holders of Circuits.
So only people with BTC and CIRC can take place in the culling? What if a new potential investor only hears about CIRC during the culling and wants to place bids. Will he be allowed?
I do love this idea though, its brilliant. With the way you set up the three phases CIRC will see a lot of attention and action both on the charts and on the thread over the coming months.
By my read, the Culling is all intramarket. You would need to have Circuits to participate. But once you have Circuits, it is an interesting mechanism to consolidate and increase
your holdings. Sort of Mexican standoff, winner takes all form of betting large blocks of Circuits.
And if you get large blocks of coins being moved, the escrows (Whale Lounge?) would be generating some nice fees. I guess both BTC and Circuits.
Interesting to say the least. Im not sure how this will work in reality but in theory it seems like a great idea. So if I want to purchase 10000 CIRC and I'm offering 1BTC I must also have an offer to sell 10000 CIRC for 1BTC? If that's going to work that way I assume we'll find a great market price through this technique.
June 15, 2015, 07:44:03 AM
Quote
The Culling
By Phase 3, we have built a community of skilled, active traders and investors who have arrived from many parts of the crypto landscape. Many of these traders and community members have established brands and escrow reputations within the CryptoCircuits ecosystem - through their participation in the various Slack rooms, being on-air in After Dark, and in their trading, teaching, and escrow dealings within the community. We have a strong network of branded escrow agents within Circuits - and now these escrow agents step forward to escrow The Culling.
The Culling is a 30 day period where any investor can post via Whale level escrow an offer to buy or sell any amount of Circuits. There is one simple rule: once an offer is posted and escrow established, anyone can propose the opposite of the offer, and the agreement is immediately effectuated.
Example: Sam offers to buy 2000 Circuits for 2 btc. He places both 2 BTC and 2000 circuits in escrow. Anyone can now immediately sell those Circuits to Sam - but anyone can also immediately demand 2000 Circuits from Sam at that exact price, and the sale is closed.
The result: a second phase price discovery that allows volatile, large scale, yet completely fair transfer of Circuits to the sharpest traders and those who are intent on becoming the core holders of Circuits.
By Phase 3, we have built a community of skilled, active traders and investors who have arrived from many parts of the crypto landscape. Many of these traders and community members have established brands and escrow reputations within the CryptoCircuits ecosystem - through their participation in the various Slack rooms, being on-air in After Dark, and in their trading, teaching, and escrow dealings within the community. We have a strong network of branded escrow agents within Circuits - and now these escrow agents step forward to escrow The Culling.
The Culling is a 30 day period where any investor can post via Whale level escrow an offer to buy or sell any amount of Circuits. There is one simple rule: once an offer is posted and escrow established, anyone can propose the opposite of the offer, and the agreement is immediately effectuated.
Example: Sam offers to buy 2000 Circuits for 2 btc. He places both 2 BTC and 2000 circuits in escrow. Anyone can now immediately sell those Circuits to Sam - but anyone can also immediately demand 2000 Circuits from Sam at that exact price, and the sale is closed.
The result: a second phase price discovery that allows volatile, large scale, yet completely fair transfer of Circuits to the sharpest traders and those who are intent on becoming the core holders of Circuits.
So only people with BTC and CIRC can take place in the culling? What if a new potential investor only hears about CIRC during the culling and wants to place bids. Will he be allowed?
I do love this idea though, its brilliant. With the way you set up the three phases CIRC will see a lot of attention and action both on the charts and on the thread over the coming months.
By my read, the Culling is all intramarket. You would need to have Circuits to participate. But once you have Circuits, it is an interesting mechanism to consolidate and increase
your holdings. Sort of Mexican standoff, winner takes all form of betting large blocks of Circuits.
And if you get large blocks of coins being moved, the escrows (Whale Lounge?) would be generating some nice fees. I guess both BTC and Circuits.
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