⚡[ANN]⚡ ▐░Espers [ESP]░▌▐░PoW/PoS░▌▐░HMQ1725 Algo░▌ ▐░New Features░▌ - page 456.

neguinho

hero member

Activity: 561

Merit: 500

Quote from: neguinho on August 27, 2016, 05:23:47 PM

Quote from: CryptoCoderz on August 27, 2016, 04:34:44 PM

Quote from: lin0sspice on August 27, 2016, 03:33:15 PM

When is swapping start ?

We will announce the start a few days before we start the swap don't worry.

Quote from: klarki on August 27, 2016, 03:52:33 PM

When will the swap?
How long it will last? That will be with those coins that are not swapped?

1. Swap announcement will come soon, give it time and be sure to check the OP!

2. Swap will last for 2 months

3. All coin not swapped will be considered burned (all coins swapped will be officially burned) and then the official main nodes will go offline.

Quote from: DonYo on August 27, 2016, 03:57:50 PM

supposedly

Quote from: klarki on August 27, 2016, 03:52:33 PM

dev spoke That would open a moth That would last two months How would Made THIS Exchange Site Would have algun specific paragraph Making the OR Exchange would in Yobi , new Exchang , crypt .... OR teria hum Another local that you are criano To Do as Exchange
When will the swap?
How long it will last? That will be with those coins that are not swapped?

Those coins will be lost because won't be supported by network or miners (supposedly)

Yes the coins will be lost at the end of swap.

esp coins will be lost .... have saved in yobit WHAT I do help me

neguinho

hero member

Activity: 561

Merit: 500

Quote from: CjMapope on September 02, 2016, 09:48:44 PM

Quote from: neguinho on September 02, 2016, 08:18:40 PM

where and recommended guard esp in windows wallet or yobit

where is it recommended to GUARD your ESP, windows or Yobit?

is that what your asking , friend?

if SO, I will ALWAYS recommend a user keeps control over ANY of their coins in a local wallet over an exchange

for context : http://satoshilabs.com/news/bitcoin-thefts/.
MOST thefts happen from an exchange and guess who owns the losses? USERS.
BE SAFE, CONTROL YOUR OWN COINS&KEYS.

Yes This friend is obliged ..alguem of you HAVE the esp portfolio link paragraph I be downloading

szachta

hero member

Activity: 518

Merit: 500

Waiting to swap procces.

Nicolasbonza

member

Activity: 112

Merit: 10

Quote from: neguinho on August 30, 2016, 04:20:24 AM

Please OP segnifica What? And swat

"OP" significa Original Post;
Em finanças, Swap (em português, "permuta") é uma operação em que há troca de posições quanto ao risco e à rentabilidade, entre investidores. O contrato de troca pode ter como objeto moedas, commodities ou ativos financeiros.

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: CjMapope on September 02, 2016, 09:48:44 PM

Quote from: neguinho on September 02, 2016, 08:18:40 PM

where and recommended guard esp in windows wallet or yobit

where is it recommended to GUARD your ESP, windows or Yobit?

is that what your asking , friend?

if SO, I will ALWAYS recommend a user keeps control over ANY of their coins in a local wallet over an exchange

for context : http://satoshilabs.com/news/bitcoin-thefts/.
MOST thefts happen from an exchange and guess who owns the losses? USERS.
BE SAFE, CONTROL YOUR OWN COINS&KEYS.

yes indeed much better keeping it from your wallet since that their is a swap that will happen it will be easy to do the transfer if the coin are in your computer, less risk if you have good av and your system is healthy as well.

CjMapope

legendary

Activity: 1820

Merit: 1092

~Full-Time Minter since 2016~

Quote from: neguinho on September 02, 2016, 08:18:40 PM

where and recommended guard esp in windows wallet or yobit

where is it recommended to GUARD your ESP, windows or Yobit?

is that what your asking , friend?

if SO, I will ALWAYS recommend a user keeps control over ANY of their coins in a local wallet over an exchange

for context : http://satoshilabs.com/news/bitcoin-thefts/.
MOST thefts happen from an exchange and guess who owns the losses? USERS.
BE SAFE, CONTROL YOUR OWN COINS&KEYS.

den5221

newbie

Activity: 25

Merit: 0

?

neguinho

hero member

Activity: 561

Merit: 500

where and recommended guard esp in windows wallet or yobit

neguinho

hero member

Activity: 561

Merit: 500

It takes too long to update the wallet

Gandalf86

hero member

Activity: 1330

Merit: 515

Coin Mage

Quote from: CryptoCoderz on September 02, 2016, 01:34:06 PM

Ohh forgot to add. There will be a built in block explorer in the new client

That's amazing!

I love it.

CryptoCoderz

hero member

Activity: 1064

Merit: 506

Coderz of the Crypto variety

Quote from: Dabs on September 02, 2016, 12:04:32 AM

Just a thought: when CLAM was launched, it used the private keys of other alt-coins such as litecoin and bitcoin so you can "claim" your CLAMs.

In this case, if you know the private keys of your ESP 1 wallet, you could make it so that ESP 2 wallets will already be funded by a specific date. I believe the intent is to "kill" the version 1 wallet, because after some time no one will be using the old wallet, no one will be mining on the old ESP 1.

This way, there would be no need for a "swap". Just before ESP 2 launches, you just make a snapshot of the ESP 1 blockchain so you know exactly how much each address in the ESP 2 blockchain should have. You could give an exact date and time or an exact block number, and people will simply stop using their ESP 1 wallets, import the wallet.dat or the priv keys to the ESP 2 wallet, and all their coins will be there divided by 10.

After that, ESP 1 dies a natural death, all miners go offline, all nodes disconnect or shut down. ESP 2 goes live, and everyone has their espers.

If you intend to do the burn method, that will be more work for you guys, but either way is fine with me.

That is a very interesting idea! Thank you for suggesting it. We'll have to look into the method a bit more then get back to you on that.

Burn Address is just easier and quicker that's why we were planning that. We'll see what happens. Ohh forgot to add. There will be a built in block explorer in the new client

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

With the "CLAM"-style, you, as a user don't need to do anything. Just backup your wallet.

Gandalf86

hero member

Activity: 1330

Merit: 515

Coin Mage

Quote from: markus124 on September 02, 2016, 08:21:46 AM

Less coins is better for trading imo.

Right but this coin's main purpose is not to be traded. It's about being applied in actual applications. The developers decided that for their purposes, a high coin supply is beneficial.

Quote from: Dabs on September 02, 2016, 12:04:32 AM

Just a thought: when CLAM was launched, it used the private keys of other alt-coins such as litecoin and bitcoin so you can "claim" your CLAMs.

In this case, if you know the private keys of your ESP 1 wallet, you could make it so that ESP 2 wallets will already be funded by a specific date. I believe the intent is to "kill" the version 1 wallet, because after some time no one will be using the old wallet, no one will be mining on the old ESP 1.

This way, there would be no need for a "swap". Just before ESP 2 launches, you just make a snapshot of the ESP 1 blockchain so you know exactly how much each address in the ESP 2 blockchain should have. You could give an exact date and time or an exact block number, and people will simply stop using their ESP 1 wallets, import the wallet.dat or the priv keys to the ESP 2 wallet, and all their coins will be there divided by 10.

After that, ESP 1 dies a natural death, all miners go offline, all nodes disconnect or shut down. ESP 2 goes live, and everyone has their espers.

If you intend to do the burn method, that will be more work for you guys, but either way is fine with me.

I too think that this sounds like a nice idea ... I don't know about the technical advantages or disadvantages though. Would it be easy enough to write a small helper application to automate this? But then again you could also just automate the burning procedure, it doesn't really matter which method is automated right?

markus124

hero member

Activity: 574

Merit: 500

i just saw u guys are going to reduce the supply of the coin. But why not 500 m or 50 m. 50b still sound really high. At 1 satoshi/coin we are talking of a marketcap of 500 btc or 287.000 usd (if i didnt do the math wrong). Less coins is better for trading imo.

DonYo

sr. member

Activity: 432

Merit: 251

Getting private key of your wallet is trivial for you but it can be too much difficult to achieve for the average Joe, who should need help, and some techie guys could steal coins by "helping" them. Sending coins to a burning address solves this trouble, all people on cryptocoin world knows how to send coins.

darkagentx

full member

Activity: 213

Merit: 100

Quote from: Dabs on September 02, 2016, 12:04:32 AM

Just a thought: when CLAM was launched, it used the private keys of other alt-coins such as litecoin and bitcoin so you can "claim" your CLAMs.

In this case, if you know the private keys of your ESP 1 wallet, you could make it so that ESP 2 wallets will already be funded by a specific date. I believe the intent is to "kill" the version 1 wallet, because after some time no one will be using the old wallet, no one will be mining on the old ESP 1.

This way, there would be no need for a "swap". Just before ESP 2 launches, you just make a snapshot of the ESP 1 blockchain so you know exactly how much each address in the ESP 2 blockchain should have. You could give an exact date and time or an exact block number, and people will simply stop using their ESP 1 wallets, import the wallet.dat or the priv keys to the ESP 2 wallet, and all their coins will be there divided by 10.

After that, ESP 1 dies a natural death, all miners go offline, all nodes disconnect or shut down. ESP 2 goes live, and everyone has their espers.

If you intend to do the burn method, that will be more work for you guys, but either way is fine with me.

This is a nice idea! Will the Dev team be able to consider this one?

bspus

legendary

Activity: 2165

Merit: 1002

Quote from: Dabs on September 02, 2016, 12:04:32 AM

This way, there would be no need for a "swap". Just before ESP 2 launches, you just make a snapshot of the ESP 1 blockchain so you know exactly how much each address in the ESP 2 blockchain should have. You could give an exact date and time or an exact block number, and people will simply stop using their ESP 1 wallets, import the wallet.dat or the priv keys to the ESP 2 wallet, and all their coins will be there divided by 10.

Except you can't trust exchanges (yobit comes to mind) cause they hold your coins.
I agree though, it would make things easy for most of us

Dabs

legendary

Activity: 3416

Merit: 1912

The Concierge of Crypto

Just a thought: when CLAM was launched, it used the private keys of other alt-coins such as litecoin and bitcoin so you can "claim" your CLAMs.

In this case, if you know the private keys of your ESP 1 wallet, you could make it so that ESP 2 wallets will already be funded by a specific date. I believe the intent is to "kill" the version 1 wallet, because after some time no one will be using the old wallet, no one will be mining on the old ESP 1.

This way, there would be no need for a "swap". Just before ESP 2 launches, you just make a snapshot of the ESP 1 blockchain so you know exactly how much each address in the ESP 2 blockchain should have. You could give an exact date and time or an exact block number, and people will simply stop using their ESP 1 wallets, import the wallet.dat or the priv keys to the ESP 2 wallet, and all their coins will be there divided by 10.

After that, ESP 1 dies a natural death, all miners go offline, all nodes disconnect or shut down. ESP 2 goes live, and everyone has their espers.

If you intend to do the burn method, that will be more work for you guys, but either way is fine with me.

CC-Resurgam

sr. member

Activity: 406

Merit: 250

I Shall Rise Again From The Ashes Of My Failures.

Quote from: freebitcoins4u on September 01, 2016, 02:02:09 PM

what is the yearly pos rate for the coin?

also are you going to burn 500B coins and decrease them to 50B?
that means the price will go up from 1 satoshi to 10 satoshi?

Huh

currently the price for espers is what the community believes it should be, this will not change after the swap. logically after the swap it will be around 10x what it currently is due to the decrees of coins. however it is still up to the community to decide on the price, will it be 10 litoshi or 10 satoshi the choice is the community, and the market.

and technically coins arent getting burned, rather we are simply decreasing the supply. there will be the same amount just stacked in tens if that makes sense. so if you have 10 ESP you will have 1 ESP 2.0 everyone will have the same % because it is a across the board reductions. a more concentrated supply if you will.

DonYo

sr. member

Activity: 432

Merit: 251

Quote from: freebitcoins4u on September 01, 2016, 02:02:09 PM

that means the price will go up from 1 satoshi to 10 satoshi?

That thing only market will tell

Topic: ⚡[ANN]⚡ ▐░Espers [ESP]░▌▐░PoW/PoS░▌▐░HMQ1725 Algo░▌ ▐░New Features░▌ - page 456. (Read 924226 times)