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Topic: [ANN] Ravencoin [RVN] PoW GPU Mining | Asset Transfer Blockchain (Updated ANN) - page 121. (Read 1170617 times)

newbie
Activity: 115
Merit: 0
There was a discussion on ravencointalk.org a couple months back about the cost of burning RVN for assets.  Different ideas were pitched, but all of them had flaws that eventually came back to 500 RVN being the best option.  The cost to create assets should not be minimal as it directly affects the token economics of the coin.  If (when?) raven becomes widely successful, and the value of the coin makes a 500 RVN burn amount cost prohibitive, the burn price can then be reevaluated and adjusted accordingly. The $1 price point has been discussed internally quite a bit, and $500 to create an asset is very reasonable considering who will be creating assets at that point, and what they will be used for.

You can read more on this discussion at https://www.ravencointalk.org/post/discussion-on-the-rvn-cost-to-create-assets-9735335?&trail=10.
Page 4 is where Tron addresses many of the comments and the reasoning behind the current burn amount.

Max supply (21,000,000,000) / 500 per asset = 42,000,000 possible assets.  If you burn all those there wouldn't be any Raven left.  They need a much deeper drive into burning Raven and the value when there few or potentially no Raven coins left.
jr. member
Activity: 50
Merit: 1
There was a discussion on ravencointalk.org a couple months back about the cost of burning RVN for assets.  Different ideas were pitched, but all of them had flaws that eventually came back to 500 RVN being the best option.  The cost to create assets should not be minimal as it directly affects the token economics of the coin.  If (when?) raven becomes widely successful, and the value of the coin makes a 500 RVN burn amount cost prohibitive, the burn price can then be reevaluated and adjusted accordingly. The $1 price point has been discussed internally quite a bit, and $500 to create an asset is very reasonable considering who will be creating assets at that point, and what they will be used for.

You can read more on this discussion at https://www.ravencointalk.org/post/discussion-on-the-rvn-cost-to-create-assets-9735335?&trail=10.
Page 4 is where Tron addresses many of the comments and the reasoning behind the current burn amount.
newbie
Activity: 29
Merit: 1
There is something that i don't get about RVN
We are going to burn coins to create assets, 500 if i remember well and with today's price it would be around 7,25$
What if RVN gets to 1$ per coin, i don't think that many people are going to pay 500$ to do the same thing

So i think 2 things will probably happen
1) the price will never go up too much
or
2) it will go up too much and people will stop using it

Am i wrong?

I would love more info
newbie
Activity: 41
Merit: 0
Hello. Raven Coin was added to my pool.
Charge is now zero. Every body, let's join.
Pool address: https://rvn.mine-vn.com/
copper member
Activity: 31
Merit: 0

-a x16r -o stratum+tcp://mine.subscriberpool.com:3636 -u -p c=RVN,d=32

Low fee 0.5%. Payouts are made automatically every 2 hours for all balances above 0.5, or 0.05 on Sunday
GOOD LUCK!!!!
jr. member
Activity: 79
Merit: 1
Looking forward to seeing how the testnet and token creation process goes.  It'll be interesting to see how mainnet ties in with T0 and other token platform launches.  I'm committed to holding for a while, but I'm sure there will people burning through portions of their bag to sit on token names like people were doing with domain names back in the dot com boom.  Should be fun to watch this whole thing unfold.

Hopefully they can avoid any forks after the mainnet goes live.  Will the testnet stay live after mainnet launch for developing the Phase 3-5 functions of the coin?  Timing early 2019 for some of that stuff?
legendary
Activity: 1918
Merit: 1003
The biggest part of the project would definetly be the community. Let's hold and go to the moon!

Agreed with you community is the real power of any project. Big and strong community would push this towards mainstream people and we will see on the top of the market where it deserve to be. I hope one day this will happen.
newbie
Activity: 21
Merit: 0
Does someone have a easy to understand guide on how the asset layer will work? Tried to search online but couldn't find anything.

Thanks
jr. member
Activity: 50
Merit: 1
If anyone is interested in a more detailed synopsis of testnet/mainnet activation, you can check out a google doc written by Tron here:

https://docs.google.com/document/d/1RxRokp_P9Iu7eqKdfR7wj2D7bqMwqnd_l3R1yjq633k/edit

He is also going to put it in the github for future reference.
member
Activity: 146
Merit: 27
as somebody that has mined this coin from the cpu days, i have to say the future is bleak for this coin. it hurts to say that, because bruce fenton gave everybody such high hopes for this project. YES patrick byrne mined this coin (if you think he doesnt have a 1000gpu farm, youre confused) that doesnt inherently mean he invested any fiat. with a daily inflation of about 7 million coins, his inital mine of 60 million really isnt much. also, the chain is supposed to secure assets. bruce claimed securities will be transfared on this chain, and that people will be able to use the platform to create them. WAVES has its mainnet up, POLY has a working product, there are some other projects out there as well. the reason i bring up polymath is PATRICK BYRNE, OSTOCK, AND BRUCE FENTON ARE ADVISORS FOR POLYMATH. polymath is also secured by the ethereum network with is magnitudes stronger than rvn. if you think the development of the coin has the miners in mind, again, youre confused. these big money dudes are investing in all projects (bruce fenton campaigned to be an EOS block producer - YES that shitcoin) THESE PEOPLE JUST WANT MONEY, THEY ARE GOING TO LEAVE YOU WITH BAGS. i sold out reasonably well, i just dont want others to jump into a coin with no future. no future? yes, because no major company will secure their assets on a chain worth less than their company. on the other side of the tracks, if you have many small businesses that are tokenized on the chain, but the chain is worth less than the valuation of the companies. you have a  problem. anybody can goto nicehash(when they get more hash) and 51% a weak chain like rvn if there is an incentive. i just told you why they would be incentivized.

Are you that hater dude that when crazy on the first board?  You sound like it.

I think you're talking about Kai. Haven't heard abbout that guy since the discords split. Enjoy your bags. Ur holding the next hush.

Hey gurl hey.
full member
Activity: 728
Merit: 169
What doesn't kill you, makes you stronger
what is the distribution method for this token?

mining or buying

And if you're new here @Aismen, let me inform you that there wasn't an ICO nor any kind of premine for RVN!
That's very important since there was no dump of premined coins from the devs. They just started mining early and since it took people time to get wind of RVN, they made a good profit. For that alone I'm supporting RVN as much as I can.
member
Activity: 480
Merit: 68
Aismen, mate... that's bot.  Wink
jr. member
Activity: 83
Merit: 1
newbie
Activity: 2
Merit: 0
what is the distribution method for this token?
newbie
Activity: 194
Merit: 0
The biggest part of the project would definetly be the community. Let's hold and go to the moon!
newbie
Activity: 19
Merit: 1
Hello !
In preparation for the upcoming assets launch on testnet,
I'm happy to announce that the testnet explorer is available now at https://testnet.ravencoin.network
Hopefully, this will be a valuable tool for you to use as you experiment with asset transference.

If you value these explorer services I develop and run, please considering donating to:

RD7yadeCvSDs4fCbEPuHstU3GHbiS7ao9q

to ensure their sustainable and continued operation. Thanks and enjoy!
member
Activity: 248
Merit: 10
+Merit NOW or I kung fu you
Hello, everyone.  I bring exciting news about the asset layer! Assuming that everything goes smoothly, the binaries  to test the asset layer on testnet will be available for download on July 30th.  Additionally, the target date for mainnet release has been tentatively set for October 31st.  These dates give the community time to find any issues and for PR's to be processed - with October 31st also being the 1 year anniversary of the first Medium article about Ravencoin.  

Cheers Mate!

For those that didn't know Chatturga is a RVN dev.
newbie
Activity: 19
Merit: 1
rvnstats.info died.
seems ok for me

but this is not good news for many others except you. I do not know how to react.

Temporarily https://ravencoin.network/stats is a decent alternative.
sr. member
Activity: 896
Merit: 251
I think Tron Black's participation in upcoming in digital currency con over the the next 2 days as speaker will bring Ravencoin into light. Lot of people still don't know about this project and its goals. The fastest growing numbers of fancy projects have made difficult for people to reach out to true and best projects like Ravencoin. Other fact is missing of speculation which may be not making it attractive for some people.
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