Topic: [ANN] eMunie (EMU) - NOT a BitCoin fork/clone - call for beta testers - page 11. (Read 78405 times)
November 19, 2013, 03:29:59 PM
Looks like website doesnt work too good.
November 19, 2013, 03:22:00 PM
When will this be released?
November 19, 2013, 11:37:27 AM
When will this be released?
November 19, 2013, 06:54:46 AM
Homepage is broken, forum says I can't sign up because I entered the safety code wrong, about 20 times. No email to contact anyone...
July 30, 2013, 12:13:03 PM
I have a feeling that if these guys produce in the next month or two, and so does TheRealSolid on Microcash, we're going to have something similar to a good old fashion, who-came-first, Leibniz vs. Newton-style grudge match when trying to determine who really initiated the second-wave of cryptocurrency evolution.
Regardless, this sounds interesting and I'm about to sign-up to beta. Kudos on all your hard work.
Regardless, this sounds interesting and I'm about to sign-up to beta. Kudos on all your hard work.
July 07, 2013, 07:03:58 PM
whitepaper please.
July 23, 2013, 01:11:15 AM
Hi,
I am interested and would like to be a beta tester.
I am interested and would like to be a beta tester.
July 08, 2013, 01:42:42 AM
July 07, 2013, 08:47:37 PM
whitepaper please.
Fun-eMunie ?
Could be an interesting one in all seriousness. Still looking for beta testers ?
July 07, 2013, 04:03:58 PM
watching - count me in if you need another tester
July 07, 2013, 03:51:06 PM
sounds cool
July 06, 2013, 10:11:52 AM
1) 51% attack like Bitcoin is not possible, because eMunie has a block Tree transaction system, not block Chain, unlike Bitcoin. Every branch in that block tree can be valid and contain transactions. In fact there is almost nothing similar between the two.
here is detailed page explaining how it works
There is no official whitepaper yet, Fuserleer is still busy working on beta client. But i will put up some infographic and illustration later to demonstrate this system.
To be able to attack eMunie with brute force the attack will need to own something like 95% of the network, which is impossible to accomplish, unless there is hack we don't yet know of.
2) Price stabilization is just speculation atm, but with dynamic demand/supply system, hoarding will likely be less profitable than selling when it's high and buying when it's low.
The system aims for a stable price, estimated 1EMU = $1USD
For more info, I honestly suggest checking out this link first, we don't post much info here at all, only major updates.
http://forum.emunie.com/threads/newbies-read-me-first.117/
here is detailed page explaining how it works
There is no official whitepaper yet, Fuserleer is still busy working on beta client. But i will put up some infographic and illustration later to demonstrate this system.
To be able to attack eMunie with brute force the attack will need to own something like 95% of the network, which is impossible to accomplish, unless there is hack we don't yet know of.
2) Price stabilization is just speculation atm, but with dynamic demand/supply system, hoarding will likely be less profitable than selling when it's high and buying when it's low.
The system aims for a stable price, estimated 1EMU = $1USD
For more info, I honestly suggest checking out this link first, we don't post much info here at all, only major updates.
http://forum.emunie.com/threads/newbies-read-me-first.117/
July 06, 2013, 08:39:48 AM
51% attack proof, work is spread out of the whole network so that means eMu is spread out to more people instead of a select few getting most of the rewards, transaction times 15 secs or less with no chance of double spend, inclient secure messages (later on will include file transfer), interest and inflation that will work against/with each other to help stabilize the price, coded by a developer with 25 yrs experience.
Not clear:
1. work is spread out - how does the protocol fairly distributes eMu to the entire network? I understand how PoW is fair, and haven't seen other mechanisms for fair, distributed wealth distribution except Proof of Stake and other similar proposals.
2. price stabilization - how does this work?
July 06, 2013, 04:45:55 AM
51% attack proof, work is spread out of the whole network so that means eMu is spread out to more people instead of a select few getting most of the rewards, transaction times 15 secs or less with no chance of double spend, inclient secure messages (later on will include file transfer), interest and inflation that will work against/with each other to help stabilize the price, coded by a developer with 25 yrs experience.
July 06, 2013, 04:07:26 AM
July 05, 2013, 07:54:48 PM
What I do not understand, why are people blindly jumping on board, without even knowing what this is about and how it really works.
Another question: why do blocks have to be signed, if its proof of work? Are Hatches then trusted 3rd parties for the clients, because clients cannot
verify the work? Why do 2 hatches have to sign the block, this looks like a big security issue by design to me (or maybe I just misunderstand the hole thing).
Another question: why do blocks have to be signed, if its proof of work? Are Hatches then trusted 3rd parties for the clients, because clients cannot
verify the work? Why do 2 hatches have to sign the block, this looks like a big security issue by design to me (or maybe I just misunderstand the hole thing).
July 05, 2013, 07:38:20 PM
This is a total contradiction: You say you discourage hoarding, but give interest on .. hoarding???
If you give interest on a coin, the only thing people want to do with this coin is hoard.
If you give interest on a coin, the only thing people want to do with this coin is hoard.
I kind of already asked this 1 page ago, and the answer is still kind of strange. It has to do more with balanced mining and getting rid of the hashpower monoplies, according to the response. Mining is only a small portion of hoarding though, so they should really stop advertising that..
July 05, 2013, 04:26:15 PM
This is a total contradiction: You say you discourage hoarding, but give interest on .. hoarding???
If you give interest on a coin, the only thing people want to do with this coin is hoard.
If you give interest on a coin, the only thing people want to do with this coin is hoard.
July 05, 2013, 03:55:23 PM
~ End of July
That will be the raw client with the supply - demand model and all that comes with it inc secure messaging.
Other services like the exchange, faucets, and usual run of the mill stuff will be soon after....then....the real work begins getting it mass adopted in places that no other crypto is.
That will be the raw client with the supply - demand model and all that comes with it inc secure messaging.
Other services like the exchange, faucets, and usual run of the mill stuff will be soon after....then....the real work begins getting it mass adopted in places that no other crypto is.
Do you have any figures of overall money supply (# coins overall, target new coins per day, % of coins that are created in the first week as compared to over the first year, etc)?
Impossible to estimate as the supply is created as a portion of the demand, no demand, no new supply etc.
If there is massive demand there will be large generated supply, and all holders of a balance will receive interest on their holding to balance the supply inflation out, if there is low demand, then small supply generated and balance holders receive a less interest %
Estimations of pure dynamic systems that rely on human behavior is....difficult
Got it, thanks. I recall you had a post on supply/demand dynamics on the eMunie forums...I'll spend some time going through that.
July 05, 2013, 03:45:46 PM
~ End of July
That will be the raw client with the supply - demand model and all that comes with it inc secure messaging.
Other services like the exchange, faucets, and usual run of the mill stuff will be soon after....then....the real work begins getting it mass adopted in places that no other crypto is.
That will be the raw client with the supply - demand model and all that comes with it inc secure messaging.
Other services like the exchange, faucets, and usual run of the mill stuff will be soon after....then....the real work begins getting it mass adopted in places that no other crypto is.
Do you have any figures of overall money supply (# coins overall, target new coins per day, % of coins that are created in the first week as compared to over the first year, etc)?
Impossible to estimate as the supply is created as a portion of the demand, no demand, no new supply etc.
If there is massive demand there will be large generated supply, and all holders of a balance will receive interest on their holding to balance the supply inflation out, if there is low demand, then small supply generated and balance holders receive a less interest %
Estimations of pure dynamic systems that rely on human behavior is....difficult
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