Topic: [ANN] [FUTEREUM (FUTR)] [Ethereum Blockchain Derivatives Contract] - page 3. (Read 16351 times)

Yes it has not been done before. It is part of a much bigger system wherein all the tokens interact with one another. You can find more here: http://thecurrencyjournal.com/creating-profitable-payments-on-the-blockchain-a-breakthrough-innovation/600/

Yes FUTR and its short-cycle counterpart FUTX (https://bitcointalk.org/index.php?topic=2872374.new#new) are both ERC20 tokens. Because of the way the smart contract is employed in the production process of FUTR, the proof of Ether mining is synonymous with Proof of Value mining more generally.

It's a type of mining called Proof of Value (POV) where the Ether unit is used as a form of value to create 3 separate utilities so that the utility token issued (in this case it's FUTR) is given immediate definable value via derivative utility. Here:

How Do We Convert Payment Utility Into Payee Utility On The Blockchain?

•   Digital currency is created as a result of the following: Value = Utility. This process is assimilated via a Blockchain which peruses a binomial random walk to create a unique Proof-of-work algorithm (POS uses a similar function). This process creates what is called a value coeval.
•   Unless V = U there can be no digital currency as double-spending, unidentifiable value etc. becomes a problem. This was Satoshi’s finding with respect to payment utility.
•   In recent years there have been attempts by innovators to create a form of payee utility out of the payment utility inherent in the value coeval. The attempts have for the most part focused around recreating securitised products on the Blockchain by employing methods such as introducing token dividends, profit-sharing token buybacks etc. The problem with these mechanisms is they do not resolve the critical question which is: how do we convert payment utility into payee utility?
•   A way in which payment utility can be converted into payee utility on Blockchain is as follows: we subdivide the coeval utility that produces the value on the Blockchain into three separate components: core utility, option utility and exchange utility. We then take these three forms of sub-divided utility and divide them by the value coeval that is inherent to Blockchain functionality. We do this via a smart contract which simulates a Blockchain creation without actually being an individual Blockchain (and thereby bypassing the requirement for adding additional coeval value):


•   This discovery is significant because it allows us to create a system whereby payment utility is converted into payee utility between every individual function of payment utility separately while still conforming to Blockchain standards such as being an independent non-securitised token offering.
•   In other words (CU*OU*EU)/VC = Blockchain Payee Payment Utility
•   What has made this possible is the act of using Blockchain payment utility as a mechanism of “profitable payment” which thereby allows the payee to make a payment while still benefitting from the greater amount of FIAT-convertible proceeds of such a payment.
•   This is because of the dynamic multiplication of the three components of Blockchain payment utility: simply, when expressed in a Blockchain (POW/POS) equations it will necessarily create an enhanced form of payment utility (Blockchain payee utility)

Proof of Ether hmm interesting so this project using Platform Token Ethereum ERC20 Token ?, currious about this Proof Of Ether (Mining) like maybe POSTOKEN By using PoS system at ERC20 Token. must waiting an coinage  ?

FUTEREUM X (FUTX) is now online: https://bitcointalksearch.org/topic/ann-futereum-x-futx-ethereum-blockchain-derivatives-contract-2872374

6.73m is the maximum for this cycle. The present supply (the "real total supply" I assume which you refer to?) you can find on the Block Explorer: https://etherscan.io/token/0xc83355ef25a104938275b46cffd94bf9917d0691

Here: http://thecurrencyjournal.com/futereum-website-down-please-read/574/

Some of our friends on this ANN no doubt! Charming people ...

•   Total Supply: 6,730,000 min.
•   ETH exchange: 425,056 min.

6,730,000 is the minimum amount , right ?
and How many real total supply ?

thanks.

We understand that you are "sure" but then ask that you refer to the previous response given about being "sure" or "feeling" something is  the case despite everything indicating the contrary is so: just do not play FUTR. It's fine. It was not designed with customers like yourself in mind.

You can stop now daniel.

You have FAKE non existent team.
You have paid press releases and paid shills who support this crap.
You are hiding behind curtains (and one girls skirt, DMH china)

You cannot even use your own name, because all what stands at it is word SCAM.

Regards from monkey capital community, which you scammed.

We understand that you are "sure" but then ask that you refer to the previous response given about being "sure" or "feeling" something is  the case despite everything indicating the contrary is so: just do not play FUTR. It's fine. It was not designed with customers like yourself in mind.

I'm sure this will lead to CRAAZYYYYY profits for investors Daniel Harrison.
Investors are going to be LINING UP to partner with join the class action against Daniel Harrison.
No one knows how to lay dump a market like Daniel Harrison.

He's definitely the FUTR (Fraudulent, Underhanded, Thieving Reprobate) of crypto.
Avoid this and any other project associated with this snake oil salesman.

Now you are done, it's a smart contract. No one needs to "be careful". That is what the point of a SMART CONTRACT is for! It is an extension of Satoshi's original idea whereby a technology would provide a trustless interface for financial transactionability.

Also, no "guy" collected the 100 ETH++ (good going on that one by the way!) The SMART CONTRACT is the collector of the ETH but let us help you by breaking it down:

When you purchase FUTR by sending ETH to the smart contract, this ETH that you sent is stored INSIDE the smart contract until the date and time of the swap-back (which in addition is voluntary, not mandatory). The FEES from the ETH are held in a wallet wherein another smart contract exists as the executor of an alternate product that will become available in the near future. (About 50% of the fees are used for core development purposes and about 50% of the fees are employed in alternate product utility. This is ALL OUTLINED IN FULL IN THE TOKEN'S WHITE PAPER!)

There is no need to "be careful" if you understand the source code of the contract. If you do not understand the smart contract source code, or if you "feel" that "some guy" may be collecting this ETH that is stored in the smart contract - despite the technological capability of the Ethereum Virtual Machine and what you know about it already - then, okay, admittedly if this is the case you should probably not play Futereum or any ERC-20 token as you will probably not be able to value the token correctly. Note that by making such a claim you are not challenging the Futereum project scope, you are challenging the Ethereum project scope, so you ought to be prepared to be able to argue very concisely with Vitalik Buetrin; if this is the case then we suggest you send an e mail to the Ethereum Foundation: https://ethereum.org/ as we are quite sure they will be interested in knowing about such a potential flaw in what is the core USP of their product spec!

Is this seriously? This guy already collect more than 100 eth from mining participant and it's less than a week. Looks like so many people are hypnotized by the price of this token, you're all should be carefull.

Welcome back DMH. Missed you. Already getting the popcorn, let the entertainment begin : )

Can we please make admin aware that this thing is SCAM.

As you can see even admin of telegram community bailed
Deleted account with "star" mark







SCAMMER is still active on twitter and prepping invite only room, so he could scam people undisturbed

https://twitter.com/futereum?s=09

This sounds rather funny, futureum? the future of ethereum? I think it's a little pushy. But this is what is unique, all have followed the growing trend in the world of cryptocurrency.

Stay away from this shit.



You need 600 milion USD to make it work. If not, your ETH will be taken away in form of "penalty fees" over and over.
If you pay any money into this contract you locking your eth for 36 months. And 15% is taken away just for locking it.
next 20% is taken away when you do not swap ($600mil needed). Afterwards contract repeats itself. Your eth is still there.
You are left with worthless token.

Some idiots already paid 100 eth into it.
You are paying into Daniel Harrison piggybank.

read back
https://bitcointalk.org/index.php?topic=2010103.540

and here
https://bitcointalksearch.org/topic/ann-zurcoin-quark-mining-algo-3-years-old-update-version-01051-391806

and here
https://www.coindesk.com/cryptocurrency-hedge-fund-hit-class-action-lawsuit/

lawsuit
https://anonfile.com/Y1Cfobddbb/5_6183901398908796952.PDF

video about this "project" from the guy who said "Monkey Capital isn't a scam":
https://www.youtube.com/watch?v=yITnOeR6JEM&feature=youtu.be

Daniel Mark Harrison, we can smell you scam ass stink everywhere.

Also very interesting chart here: https://twitter.com/futereum/status/956436758949974016

More nice press for FUTR: https://www.legalgamblingandthelaw.com/news/futereum-to-answer-skeptics-questioning-inherent-value-in-cryptos/

"The common complaint which we can hear from crypto currency skeptics is that crypto currencies do not carry any inherent value. The developers of Futereum (FUTR) have formulated a strategy to create a minimum instant value in their offered coin. The Futereum smart contract enables its native token, known as FUTR, a utility derivative. The smart contract is powered by the Ethereum network. By employing a Fibonacci algorithm in the process of undertaking a reverse-mining of Ether (ETH), FUTR simulate Ether Derivatives Contracts while giving miners whitelisted early access to similar future product releases ...

... FUTR is a unique payment utility that works like a call option on the payment currency itself. In this way, merchants are able to charge their customers progressively less over time while making much more in return for the same goods and services.

The developers claim that it is the world’s first value enhancement of the block chain."