Topic: [ANN] Ravencoin [RVN] PoW GPU Mining | Asset Transfer Blockchain (Updated ANN) - page 131. (Read 1170617 times)

That's the number they are going with for now.

The answer is yes though, you will have to burn RVN to create an asset.

I've heard mention, nothing concrete, about maybe having the amount change if it becomes cost prohibitive. Could just be rumor mill stuff.

is it true the 500 RVN when creating an asset will be burned?

From their github
Ravencoin will be a hard fork that extends Raven to include the ability to issue and transfer assets. The expected release of asset capabilities will be approximately seven months after the release of RVN. Raven will be extended to allow issuing, reissuing, and transfer of assets. Assets can be reissuable or limited to a set supply at the point of issuance. The cost to create assets will be 500 RVN to create any qty of an asset.

I wish that there is a way to avoid that but I guess you are probably right with your assumption 

Great to hear that you were a contributor to that fund too. Even though $1200 doesn't go far, does it?
The community needs more helpers. How many post are asking for new listings on exchanges? Well, this is Raven, a community coin.
Thanks for being a helping hand in a young and developing community.

Long live Raven!

Ya'll got 50k still in the old community fund last i checked. Ask MTarget to move it over

Virtopia is actually donating 1%.

IMPORTANT - Please Read
From Ravencoin Community Discord
https://discordapp.com/channels/429127343165145089/429134388882833408

Hardman - Tuesday, June 19 at 2:57 PM
The Ravencoin ‘Legal Fund’ initiative

Some might've noticed some rumors and talks about a community initiative to get a 'legal fund' setup. This fund will only be used for 'legal purposes'. Such as paying lawyers to review Ravencoin as a whole & give their opinion in a memo. Today is the day I'll officially announce the start date of this initiative. Which will be on: Thursday 21st of June.

I hear you thinking, what is all this about???

The idea got started after seeing that Ravencoin had troubles with his/her trading liquidity at exchanges & the community members having trouble with depositing and withdrawing their beloved Ravencoin's. In order to get Ravencoin better liquidity with exchanges that are more trustworthy the remaining step was getting a legal opinion with a statement that Ravencoin is not a security. To fix this rock on the listing process we decided to setup a community driven ‘Legal fund’. Funding the 'legal fund' will be done by miners, pool-ops & investors who are willing to donate.  I first made sure we would have the pools on board, to make sure this initiative would be backed by the pool-operators themselves. A list of participating pools will be listed in another message below.  Then after having quite a few pools on board I checked the animo level among the whole community with three main questions. The scores among the questions will also be listed below this message (they were positive!).  

While receiving a positive response on the questions and having several pool-ops on board we decided to continue to pursue the initiative. The decision has been made to collect at least 800k RVN up to 1000k RVN. This will be collected at a multi-signature wallet, which consists of a 3/5 wallet. Signers include admins/moderators & community admins from this particular discord. To make it clear, the company Bittrex has tipped us to use charges 20k USD for this legal memo. But we are considering multiple options to obtain a valid legal opinion.  Feel free to start hashing at pools donating parts of their pool fee's or make a small donation yourself to help Ravencoin a little further.  

The donation address that will be used for this community
rVFHXEu91BXK4NDaGGudjqBGdaWsaAK9Eg

Consistent basis donation by pools & or miner dev’s: %, Name 1.0,
RushHourMining.com 1.0,
rvn.coinblockers.com 1.0,
minermore.com 1.0,
pool.virtopia.ca 0.9,
hash4life 0.9,
miningpanda.site 0.5,
www.pickaxe.pro 0.5,
brianmct (Nevermore, Avermore dev-fee) 0.5,
pool.seems-legit.com 0.25,
omegapool.cc

Please read the above and consider a donation and please try and mine with one of the listed contributing mining pools.

You can view the progress for the legal fund here: https://ravencoin.network/address/rVFHXEu91BXK4NDaGGudjqBGdaWsaAK9Eg

I don't understand what's wrong with the price of RVN specifically. I see that every coin first fell a lot and then the last 6 days or so has been increasing in value little by little.
RVN had an about average price action in comparison to other coins, even considerably more positive sometimes (again, compared to other coins).

https://github.com/RavenProject/Ravencoin/blob/master/roadmap/README.md

What is phase 2? and when it's happening ?

Until phase 2 is finished it will continue to inflate due to miners dumping. After Phase 2 and some media attention you will be very happy.

What the hell is happenning with the price of RVN. It’s driving me nuts. Is it another story of price manipulation?

please contact the support from minepools will be faster to resolve your problem.

Same problem, its on and off lately so I switched to ravenminer

After some hiccups this weekend with rejects, http://rvn.elitehash.net is running at 102.4% payout rate until further notice! Rejects are gone too. Servers in the EU & US, no variance and almost instant payouts. What could be better? (webpage layout perhaps...)

That is really strange problem is still exist I also not able to get access there.It seems they problem with their server or maybe something happened there so we must until they resolve this issue and make it accessible again.

Although it doesn't work anymore due to the merit system. Not sure though if they are trading merits by now? Possibly they are.

Must read for people who still think ASIC/FPGA can be defeated.

https://blog.sia.tech/the-state-of-cryptocurrency-mining-538004a37f9b

"At this point, I think it’s safe to assume that every Proof-of-Work coin...
with a block reward of more than $20 million in the past year...
has at least one group of secret ASICs currently mining on it...
or will have secret ASICs mining on it within a few months".

That $20 million number is dropping fast.