Topic: [ANN] ECC - page 139. (Read 259347 times)

im going to say it now. and someone will probably bring it up later. but the coins you buy do NOT entitle you to any % of the network in payouts or otherwise. we have decided that we want to give users a payout for holding our coins as an incentive but they do not come with a promise of payment of any sort/ representation of any ownership of any sort of any application we produce.

otherwise we have to register with the SEC because im in the USA.

on that note, yes we will be "freely passing out money to the people who hold the coins" as that is my official statement for the activities.


i will probably put a ToS somewhere on the site soon because ripple just got fined for not outlining this well. i sure as hell dont want to be

it will be up before the product and that agree message will probably come with it.

In my opinion the trusted crypto team should get only a small percentage
from trades to upkeep the costs that i think we willl definantly incurr.
I forsee servers involved and other running costs to the eventual method
that is agreed upon although its not for me to say this will definantly happen
as griffith is the code dev and it will all depend on how his code is developed
and if anything unforseen might occur to make this all work properly.

As for our own personal payment from this project we are investors of all
3 coins like everyone else and therefore we will make our money in exactly
the same way as everyone else does.

I personally hold all 3 coins and im sure the others do as well, although
thats their business and nothing to do with anyone on here who and how
much of what anyone owns.

if you're a coin holder it makes sense to diversify into all 3 coins
as all 3 coins will get payouts, but again that's everyone's individual business

as for startcoin it is not included yet but there is a significant advantage
to considering it due to the owner/Dev of that coin and what they might
bring to this project, but that is another matter to be discussed at a much latter stage.

First we have our roadmap and we follow it step by step,
so that we can realise the project, thats why its there.

as always keep minting mining and Trading.
sovie

 

Greed???

For now we will continue with the planning and solving the problems. The next step to this is the CryptoBank (multiwallet) so we can control wallets from 1 application.

As for a community vote...I think that it's simply fair to look at the coincap to find a good key how to devide the %.

Sum the 3 coincaps, take 1% and see howmany % needs to go to every coin. This will change every time, as the coincaps will change.

Example:

Todays marktcaps

MWC      8503   12,17%
ECC      43830   62,72%
SUPER  17548   25,11%
TOTAL   69881   100%

1% of 69881 = 698,81


But that is not the problem for now...

I like this Idea of getting paid by holding one of these 3 coins.  We should have a community vote on what is a fair payout for profits.  Trusted Crypto group remember you need support if this going to be successful.  Greed destroys period. 

oh that's an oldie but a goodie that problem.

but registration of a holding address seems a good idea. as long as interest/change will stay in that address (upon staking and moving coins).
it does seem the simplest of possibilities.

although for people who dont use the qt this registration will need to be more than doing so through the qt.
a central database should be easy then.

if you did want to ultimately go decentralised then trusted nodes would seem a route to consider.
where those nodes handle multi-sigs to handle the accumulated dividends

Only holders of ECC, MWC and SUPER will get paid....other coins can be traded in the Exchange and will bennefit from the low trading fees. All those fees will be paid as dividend to the holders of our coins. Payments will be in ECC, MWC or SUPER.

Untill now we didn't even think to get a share for trusted cryptos. We only get paid if we hold coins.

We where thinking :
100% pay-out

33% ECC
33% MWC
33% SUPER

But that isn't our problem...the problem is to whom to pay, using the Blockexplorer addresses doesn't work, simply because we don't see the current exchanges as holders of our coins. Also there are lots of addresses that are not used.
So what about registration of an address....we think thats not decentralized, because then we need a central database.

I would like to see that only ECC, SUPER, MWC and START coin holders get paid in the future.
See these coin holders as share holders...


A few arguments to state my point:

1. A great way to gain exposure for ECC, SUPER, MWC and START
2. A great way to increase the future value of these coins.
3. No one is ever too late to join as a shareholder...the "worst" that can happen is that the longer they wait; the more they have to pay for their "shares".
4. A great way to reward the curent ECC, SUPER, MWC and START holders.

Let me put this with an example...

Total fees to pay out = 100%
--> 20% = Trusted Cryptos Team
--> 20% = ECC holders
--> 20% = Super holders
--> 20% = MWC holders
--> 20% = Start holders

Lets say that in this example "x" owns 1% of total ECC, 0,33% of total Super, 0,11% of total MWC and no Start.
Also in this example, the 3 monthly total fees is worth 180BTC (ref. Bittrex; I know it's hard to compare; but I had to use some numbers)

20% is for the Trusted Cryptos Team = 36BTC
144 BTC left to pay the shareholders.

--> X gets: (1%+0,33%+0,11%+0%)/4 of 144BTC = 0,5184BTC paid out...

Just a thought...Feel free to give your feedback :-)

Regards

Goldmaxx

Let's see.... The developers that took over your coin (SUPER) can only profit if we invest in these coins. We invest by buying these coins, spending time to develop, spending money for equipment, websites , blockexplorer and don't forget hours and hours for developing.

All for free for the people that believe that we are doing the right thing. For those that don't like what we are doing, it's real easy....sell your coins and move on. We will proberly buy your coins and move them to our wallets.

Once again... We are developing an application that will be free to use, it will be called CryptoBank (the multiwallet). This application will be able to control cryptocoin wallets in its first stage. This is the important step, without an application that can control the ins and outs of wallets (ECC,MWC, SUPER,START, BTC.....etc,etc) there can not be an Decentralized CryptoCurrency Exchange.

In a later stage we will include the trading application that we already have developed into the CryptoBank.

In an even later stage we will include a Decentralized CryptoCurrency Exchange into the CryptoBank. The fees that are generated by this Exchange will be payed-out to the holders of our coins as a dividend 4 times a year.

When we are in the stage that the CryptoBank has become an Decentalized CryptoCurrency Exchange, then in fact it's like everybody has his own Exchange on his computer. No need to send coins out of your wallet unless you sold them. This will eliminate the risk that exchanges run away with your coins...as your coins stay in your wallet.

Once again...the application will be free to use. The source however will be closed

One of the problems that we are facing now in the planning stage is how to define who gets paid and based on what data. If you think you have a solution for that...we would appriciate that input

OK, No problem.

Ok, if there are any problems then let us know

thanks, now, I am in offices, but my wallet is in home, I will try it in night.

Please try this:
Click on Help --> Debug window --> select console --> type "repairwallet"  without the " "  and push enter on your computer

Now, Fully synchronized
From October last year after it has been unable to synchronize wallet, until recently I was with 2.4.2.0 synchronization finished, but I found my money is lost

Can you give me more information?
What is your wallet version?
Is your wallet synced?
Did you try a "repairwallet" in the console from the wallet?

** Edit ** On your picture I see that the wallet is synced, but it doesn't seem to been opened for a long time. The last time it received a mining transaction seems to be july 2014.

** EDIT **  I can see all the pictures now. Please try this:
Click on Help --> Debug window --> select console --> type "repairwallet"  without the " "  and push enter on your computer

I lost many ECC, you can see my all pictures.

I have seen the picture. What is the problem and how can I help you?

How to display pictures.

Why is my many ECC  was lost, there is no record turn-out.

i didnt put in more data because i dont have it yet. the fine details havent been discussed and decided thoroughly.

if you have a specific question i can answer it. but as far as a general plan. im keeping the description general so i can make some adjustments as problems arise. as for you calling it a long con. if you want to speak more towards that i can address it

since we have been getting a growing number of questions towards it. TC will talk about the fine details tomorrow and ill put that in the second post of the thread

Thanks for the detailed breakdown.  What you said was interesting.  What you didn't say is very interesting.   I guess this what we can call a long con.  The software for this multipoint wallet does sound promising but I need more data & .1 dodge is way too cheap.