Topic: [ANN] [R3D] NEW UPDATES COMING SOON - page 29. (Read 66783 times)

yer and buy some r3d

So should I dump my NEOS?

Will NEOS get upgraded to have all of the same abilities of R3D?

Is NEOS dead?

Hi folks,

     I wanted to take a minute to give everyone a bit of information regarding what's happening now and what's to come.  I'm coding and working with our UX designers to have the first desktop client demo ready by or before Tuesday August 25, 2015.  There are so many uses and applications with r3d that what I've done so far is showcase a couple of them which is the ability to enable a r3d-powered site on a standard web server, utilizing r3d as not only a sustainable, reliable data source, but also the fact that this functionality is coded directly into r3d.  When I demo the desktop client, you will get a much better idea of what r3d is capable of and how user-friendly r3d will be to the general public as well as how easy it'll be for developers to create their own applications using r3d.

Regarding the structure of our zero-sum design:

1.  Anything unsold during the CFC will be burnt.  No new r3d will ever be generated.
2.  Mining via auxpow or directly will yield rewards based on usage.

So for example, if someone buys 10,000 r3d and spends 3500 to register an account - that 3500 goes back into the network as fees for miners.  The first miner to find the block that contains that fee, gets 3500 r3d.  The miner might hold, or they might sell on the market.  The next person who wants to use r3d, buys it from the market and uses it for whatever they'd like to on the r3d network.  Let's say they write 10 posts - that would cost 1000 r3d as of the fee structure right now.  That 1000 would go back into the network for the miners.

• This is a means of combating saturation and promote usage.
• While usage grows, if the supply doesn't meet the demand - it could have a positive effect on the market in terms of value.
• The more r3d is used, the more valuable it gets.
• auxpow provides the means to earn r3d while mining other scrypt coins without the need for additional power as well.
• Traditionally with PoS and inflationary systems, you will be rewarded with more coins, however, this promotes hoarding (bad for any economy) vs spending and will affect price as people spend these interest-earned coins. (this makes it so there is no pressure for miners to dump, and also not rewarding hoarders for creating a stagnant economy)

   

     Best regards,

syntaks

just bought my first batch of r3d

Let the hoarding commence!!!

You're not off-base one bit and I like the direction you're thinking in.  Binary storage is something we've covered but I'll explain again.  We're going to be retaining counsel as far as the legalities and liabilities associated with something like that on our end users mainly.  The fact that everything is encrypted and subscription-based provides a layer of security and protection as it is.  However, just to be certain that we have all of our I's dotted and T's crossed in that sector we're holding back on binary storage.  Can we implement it?  Absolutely.   As it stands now, you could host the rest of the content such as video details and associated data, and link to a media source.  If you wanted to use r3d for something like that, you could have virtually endless mirrors of it up with consistent data that wouldn't be subject to censorship or modification.  We're also experimenting with different means of distribution and storage for improved transport and storage.

     Best regards,

syntaks

What's the capability of R3D on handling video?

Say, a blockchain based version of YouTube, is that possible, or would it require assets to be hosted elsewhere and mirrored from R3D nodes? or am i completely off base and need to go sit in a corner while wearing a dunce cap?

woooo R3D party on bittrex

Sorry, we had a mix up in times... market is now open...

https://www.bittrex.com/Market/Index?MarketName=BTC-R3D

thanks,
Richie

loads of ideas to profit but what i am talking about is not profit mine is to save your life

cant wait

Just an update here, we're aware that is now after 9 AM PDT on Friday the 21st of August and the market is not open yet. I've reached out to Bittrex staff regarding the market still being offline. I expect we'll have this resolved in a timely manner.

If you love freedom of speech then this coin is a must to own..
even if you buy 100k coins cost o.1btc it could save your life  
YOU MUST BUY THIS COIN
COME ON EVERYONE LETS GET THIS 800BTC

and devs please please please release no matter what happens
you know the good this coin will do

A little hint why you should buy
Look at the FDA i say no more

800 BTC is a big amount, but who cares, lets bet some on this

i will get some too

I'll be buying some.

Yep, noon EST.

They open up tomorrow at 12:00 EST.

Bittrex Markets runs today ?

Thanks a lot for your time and interest also.  Binary storage is something we can implement, however, only after we're able to verify the intricacies with counsel.  r3d is designed to be a perpetual presence, so we're taking all of the possible necessary steps to ensure that.

     Best regards,

syntaks