Topic: [ANN] TIMEREUM (TME) VERSION 2.0: &quot;ELIXIR&quot; (ELIX) RELEASED (NEW THREAD) - page 78. (Read 126691 times)

Quote from: TimereumDev on July 31, 2017, 03:06:08 PM

The Timereum Roadmap is now available. This proposal describes the first real world service provided by manual mining.

This document proposes a system in which both the borrower and
lender are rewarded when the borrower returns a loan. The act of repaying the
loan will be analogous to a trigger from child to parent, except in this system
both the child and parent will earn currency. Miners who do not need loans for
temporary spending can issue loans to themselves by moving tokens between
pairs of addresses. Through the process of issuing and repaying loans, currency
will be generated.

If, as in the road map it is written, a loan repayment will generate a reward, then the number of coins will increase indefinitely? Someone will give himself credits and constantly generate coins? Or do I misunderstand whether the limit of the number of coins will be at all, how was the parent and the child set to a maximum of 50,000?

Yes I have the same question. And this explains only reward, not usage. I don't get how to use this new currency generated by the lending reward. Maybe I don't understand the roadmap though.

Dev needs to explain to us how it works in a few words, so everyone can understand it clear .

This was the motivation for the first paragraph under the section "The Service":

For a party that wishes to send another party currency to borrow, this
system will motivate them to buy these tokens even if their holdings are initially
in an unrelated virtual currency. Upon repayment of the loan and after a waiting
period, a reward will be generated in both the lender and borrower addresses.
Borrowers will also be able to receive extra rewards for acquiring funds to pay
back a loan early.

If anything remains unclear, please ask. The scenarios I will be releasing shortly will provide further examples.

TimereumDev

member

Activity: 84

Merit: 10

Quote from: TimereumDev on July 31, 2017, 03:06:08 PM

The Timereum Roadmap is now available. This proposal describes the first real world service provided by manual mining.

This document proposes a system in which both the borrower and
lender are rewarded when the borrower returns a loan. The act of repaying the
loan will be analogous to a trigger from child to parent, except in this system
both the child and parent will earn currency. Miners who do not need loans for
temporary spending can issue loans to themselves by moving tokens between
pairs of addresses. Through the process of issuing and repaying loans, currency
will be generated.

Quote from: Miou on August 05, 2017, 04:25:24 AM

If, as in the road map it is written, a loan repayment will generate a reward, then the number of coins will increase indefinitely? Someone will give himself credits and constantly generate coins? Or do I misunderstand whether the limit of the number of coins will be at all, how was the parent and the child set to a maximum of 50,000?

The supply will not increase indefinitely. Strategies to reduce inflation are discussed in the section "Combatting Long Term Inflation."

The block unit reward, or the reward per block per unit of currency loaned will likely be reduced over time.

As far as someone issuing themselves credits to generate coins, this is described in the Mining and Clever Mining sections.

AweJohn

full member

Activity: 139

Merit: 100

Quote from: TimereumDev on July 31, 2017, 03:06:08 PM

The Timereum Roadmap is now available. This proposal describes the first real world service provided by manual mining.

This document proposes a system in which both the borrower and
lender are rewarded when the borrower returns a loan. The act of repaying the
loan will be analogous to a trigger from child to parent, except in this system
both the child and parent will earn currency. Miners who do not need loans for
temporary spending can issue loans to themselves by moving tokens between
pairs of addresses. Through the process of issuing and repaying loans, currency
will be generated.

If, as in the road map it is written, a loan repayment will generate a reward, then the number of coins will increase indefinitely? Someone will give himself credits and constantly generate coins? Or do I misunderstand whether the limit of the number of coins will be at all, how was the parent and the child set to a maximum of 50,000?

Yes I have the same question. And this explains only reward, not usage. I don't get how to use this new currency generated by the lending reward. Maybe I don't understand the roadmap though.

Dev needs to explain to us how it works in a few words, so everyone can understand it clear .

Miou

member

Activity: 108

Merit: 10

Quote from: TimereumDev on July 31, 2017, 03:06:08 PM

The Timereum Roadmap is now available. This proposal describes the first real world service provided by manual mining.

This document proposes a system in which both the borrower and
lender are rewarded when the borrower returns a loan. The act of repaying the
loan will be analogous to a trigger from child to parent, except in this system
both the child and parent will earn currency. Miners who do not need loans for
temporary spending can issue loans to themselves by moving tokens between
pairs of addresses. Through the process of issuing and repaying loans, currency
will be generated.

Quote from: TimereumDev on July 31, 2017, 03:06:08 PM

If, as in the road map it is written, a loan repayment will generate a reward, then the number of coins will increase indefinitely? Someone will give himself credits and constantly generate coins? Or do I misunderstand whether the limit of the number of coins will be at all, how was the parent and the child set to a maximum of 50,000?

Yes I have the same question. And this explains only reward, not usage. I don't get how to use this new currency generated by the lending reward. Maybe I don't understand the roadmap though.

viljy

hero member

Activity: 1736

Merit: 857

The Timereum Roadmap is now available. This proposal describes the first real world service provided by manual mining.

This document proposes a system in which both the borrower and
lender are rewarded when the borrower returns a loan. The act of repaying the
loan will be analogous to a trigger from child to parent, except in this system
both the child and parent will earn currency. Miners who do not need loans for
temporary spending can issue loans to themselves by moving tokens between
pairs of addresses. Through the process of issuing and repaying loans, currency
will be generated.

Quote from: JustMissed on August 04, 2017, 06:05:40 PM

If, as in the road map it is written, a loan repayment will generate a reward, then the number of coins will increase indefinitely? Someone will give himself credits and constantly generate coins? Or do I misunderstand whether the limit of the number of coins will be at all, how was the parent and the child set to a maximum of 50,000?

bob75coin

hero member

Activity: 728

Merit: 500

Quote from: Coiner_ on August 04, 2017, 04:41:08 PM

Quote from: Coiner_ on August 03, 2017, 02:27:56 PM

Quote from: instacalm on July 31, 2017, 11:29:16 AM

Quote from: Adriano2010 on July 31, 2017, 11:29:58 AM

This is probably a very, very noob question but my Eth balance is 0 (on both addresses) and I'm seeing this thing called "Gas Limit". I want to send 0.001 TME, will it go through?

Hi Coiner,

you need a little bit of ETH on your account. Because if you want to run a transaction on the Ethereum network, Gas is required.

You can learn more about Gas and transaction costs here.

Quote from: JustMissed on July 31, 2017, 11:07:01 AM

I just did that a few seconds before you posted. It took a while but I found the instructions on page 54.

I got 1 TME in my child address. I'm guessing I should send it to my parent address, right?

Yes, send any none zero amount (.001) to your parent address, do not send 1 full TME.

Quote from: Adriano2010 on July 31, 2017, 11:08:40 AM

Yes you have to send it from child to parent address any non-0 amount of TME to mine TME. The longer you wait to mine you will get more TME

Quote

This is probably a very, very noob question but my Eth balance is 0 (on both addresses) and I'm seeing this thing called "Gas Limit". I want to send 0.001 TME, will it go through?

No. you cannot send tokens without have a ETH balance. Just buy some ETH from exchanges.Tokens cost gas to send

Quote from: JustMissed on July 31, 2017, 11:31:47 AM

Quote from: JustMissed on July 31, 2017, 11:07:01 AM

Quote from: Coiner_

I just did that a few seconds before you posted. It took a while but I found the instructions on page 54.

I got 1 TME in my child address. I'm guessing I should send it to my parent address, right?

Yes, send any none zero amount (.001) to your parent address, do not send 1 full TME.

Quote from: Adriano2010 on July 31, 2017, 11:08:40 AM

Yes you have to send it from child to parent address any non-0 amount of TME to mine TME. The longer you wait to mine you will get more TME

This is probably a very, very noob question but my Eth balance is 0 (on both addresses) and I'm seeing this thing called "Gas Limit". I want to send 0.001 TME and I'm worried I'm missing something, will the transfer go through?

You will need to send some ETH to your child address to cover the transaction fee. You can buy some ETH on an exchange if you do not have any.

I see. Thanks

Any chance you guys happen to know any Ethereum faucets on the level of Freebitcoin and Moonbitcoin?

Anybody?

The only decent one I know of is ethereumfaucet.info It is a direct pay site. Search Google for faucet site's but have your ad blocker on, when you check the sites out.

MAybe if he doesn't want to use an exchange, he could change a very tiny amount of btc in Eth with Shapeshift https://shapeshift.io/#/coins

Coiner_

full member

Activity: 224

Merit: 102

Quote from: JustMissed on August 04, 2017, 06:05:40 PM

Quote from: Coiner_ on August 04, 2017, 04:41:08 PM

Quote from: Coiner_ on August 03, 2017, 02:27:56 PM

Quote from: instacalm on July 31, 2017, 11:29:16 AM

Quote from: Adriano2010 on July 31, 2017, 11:29:58 AM

This is probably a very, very noob question but my Eth balance is 0 (on both addresses) and I'm seeing this thing called "Gas Limit". I want to send 0.001 TME, will it go through?

Hi Coiner,

you need a little bit of ETH on your account. Because if you want to run a transaction on the Ethereum network, Gas is required.

You can learn more about Gas and transaction costs here.

Quote from: JustMissed on July 31, 2017, 11:07:01 AM

I just did that a few seconds before you posted. It took a while but I found the instructions on page 54.

I got 1 TME in my child address. I'm guessing I should send it to my parent address, right?

Yes, send any none zero amount (.001) to your parent address, do not send 1 full TME.

Quote from: Adriano2010 on July 31, 2017, 11:08:40 AM

Yes you have to send it from child to parent address any non-0 amount of TME to mine TME. The longer you wait to mine you will get more TME

Quote

This is probably a very, very noob question but my Eth balance is 0 (on both addresses) and I'm seeing this thing called "Gas Limit". I want to send 0.001 TME, will it go through?

No. you cannot send tokens without have a ETH balance. Just buy some ETH from exchanges.Tokens cost gas to send

Quote from: JustMissed on July 31, 2017, 11:31:47 AM

Quote from: JustMissed on July 31, 2017, 11:07:01 AM

Quote from: Coiner_

I just did that a few seconds before you posted. It took a while but I found the instructions on page 54.

I got 1 TME in my child address. I'm guessing I should send it to my parent address, right?

Yes, send any none zero amount (.001) to your parent address, do not send 1 full TME.

Quote from: Adriano2010 on July 31, 2017, 11:08:40 AM

Yes you have to send it from child to parent address any non-0 amount of TME to mine TME. The longer you wait to mine you will get more TME

This is probably a very, very noob question but my Eth balance is 0 (on both addresses) and I'm seeing this thing called "Gas Limit". I want to send 0.001 TME and I'm worried I'm missing something, will the transfer go through?

You will need to send some ETH to your child address to cover the transaction fee. You can buy some ETH on an exchange if you do not have any.

I see. Thanks

Any chance you guys happen to know any Ethereum faucets on the level of Freebitcoin and Moonbitcoin?

Anybody?

The only decent one I know of is ethereumfaucet.info It is a direct pay site. Search Google for faucet site's but have your ad blocker on, when you check the sites out.

Thanks. Just checked, looks really good (with uBlock on of course).

JustMissed

full member

Activity: 154

Merit: 100

Quote from: Coiner_ on August 04, 2017, 04:41:08 PM

Quote from: Coiner_ on August 03, 2017, 02:27:56 PM

Quote from: instacalm on July 31, 2017, 11:29:16 AM

Quote from: Adriano2010 on July 31, 2017, 11:29:58 AM

This is probably a very, very noob question but my Eth balance is 0 (on both addresses) and I'm seeing this thing called "Gas Limit". I want to send 0.001 TME, will it go through?

Hi Coiner,

you need a little bit of ETH on your account. Because if you want to run a transaction on the Ethereum network, Gas is required.

You can learn more about Gas and transaction costs here.

Quote from: JustMissed on July 31, 2017, 11:07:01 AM

I just did that a few seconds before you posted. It took a while but I found the instructions on page 54.

I got 1 TME in my child address. I'm guessing I should send it to my parent address, right?

Yes, send any none zero amount (.001) to your parent address, do not send 1 full TME.

Quote from: Adriano2010 on July 31, 2017, 11:08:40 AM

Yes you have to send it from child to parent address any non-0 amount of TME to mine TME. The longer you wait to mine you will get more TME

Quote

This is probably a very, very noob question but my Eth balance is 0 (on both addresses) and I'm seeing this thing called "Gas Limit". I want to send 0.001 TME, will it go through?

No. you cannot send tokens without have a ETH balance. Just buy some ETH from exchanges.Tokens cost gas to send

Quote from: JustMissed on July 31, 2017, 11:31:47 AM

Quote from: JustMissed on July 31, 2017, 11:07:01 AM

Quote from: Coiner_

I just did that a few seconds before you posted. It took a while but I found the instructions on page 54.

I got 1 TME in my child address. I'm guessing I should send it to my parent address, right?

Yes, send any none zero amount (.001) to your parent address, do not send 1 full TME.

Quote from: Adriano2010 on July 31, 2017, 11:08:40 AM

Yes you have to send it from child to parent address any non-0 amount of TME to mine TME. The longer you wait to mine you will get more TME

This is probably a very, very noob question but my Eth balance is 0 (on both addresses) and I'm seeing this thing called "Gas Limit". I want to send 0.001 TME and I'm worried I'm missing something, will the transfer go through?

You will need to send some ETH to your child address to cover the transaction fee. You can buy some ETH on an exchange if you do not have any.

I see. Thanks

Any chance you guys happen to know any Ethereum faucets on the level of Freebitcoin and Moonbitcoin?

Anybody?

The only decent one I know of is ethereumfaucet.info It is a direct pay site. Search Google for faucet site's but have your ad blocker on, when you check the sites out.

Johnny Carsonogenic

full member

Activity: 537

Merit: 100

The sound of the next steps is quite amazing. I am excited to see TME reach some exchanges and start to generate buzz before the next project starts as I think the symbiotic relationship will pull both or as many as are stacked onto the base design. I am really happy to be here.

AweJohn

full member

Activity: 139

Merit: 100

Quote from: AlexSimion on August 04, 2017, 04:45:59 PM

Quote from: JustMissed on August 04, 2017, 01:20:38 PM

Quote from: AlexSimion on August 04, 2017, 12:52:48 PM

Quote from: @Hakermania@ on August 04, 2017, 12:34:21 PM

Quote from: jacaf01 on August 03, 2017, 11:42:58 PM

Quote from: JustMissed on August 03, 2017, 03:24:12 PM

Had some time to play around a little bit with another logo idea. I know dev mentioned the slight chance of getting a professional to make the logo, but here it is anyways.

Nice work, the logo is nice, but it all depend on the team if they like the logo. Is there a logo contest so that I can vote for you or this is just to support the project with no string attached

best logo i would say ,like it!

I don't really see why people are so hyped about this logo , it just looks like something made up in Paint in 2 minutes , sorry JustMissed but I don't see anything special about this.

I actually had to go to the toy store and buy some new crayons to make that one. Grin

A few of us are throwing out different logo ideas to help the project along, Good or bad feed back is appreciated, as it gives some direction for the logo to go.
Its been some time since I have done logo work in photoshop, its harder than i remember.

Yeah I know I'm sorry for the harsh reaction and to be honest I can do worse than that

, but I'm sure you can do a much better design Cheesy

That's the spirit ! We have to work together to have great results !

AlexSimion

full member

Activity: 1078

Merit: 210

★Bitvest.io★ Play Plinko or Invest!

Quote from: JustMissed on August 04, 2017, 01:20:38 PM

Quote from: AlexSimion on August 04, 2017, 12:52:48 PM

Quote from: @Hakermania@ on August 04, 2017, 12:34:21 PM

Quote from: jacaf01 on August 03, 2017, 11:42:58 PM

Quote from: JustMissed on August 03, 2017, 03:24:12 PM

Had some time to play around a little bit with another logo idea. I know dev mentioned the slight chance of getting a professional to make the logo, but here it is anyways.

Nice work, the logo is nice, but it all depend on the team if they like the logo. Is there a logo contest so that I can vote for you or this is just to support the project with no string attached

best logo i would say ,like it!

I don't really see why people are so hyped about this logo , it just looks like something made up in Paint in 2 minutes , sorry JustMissed but I don't see anything special about this.

I actually had to go to the toy store and buy some new crayons to make that one. Grin

A few of us are throwing out different logo ideas to help the project along, Good or bad feed back is appreciated, as it gives some direction for the logo to go.
Its been some time since I have done logo work in photoshop, its harder than i remember.

Yeah I know I'm sorry for the harsh reaction and to be honest I can do worse than that

, but I'm sure you can do a much better design Cheesy

Coiner_

full member

Activity: 224

Merit: 102

Quote from: Coiner_ on August 03, 2017, 02:27:56 PM

Quote from: instacalm on July 31, 2017, 11:29:16 AM

Quote from: Adriano2010 on July 31, 2017, 11:29:58 AM

This is probably a very, very noob question but my Eth balance is 0 (on both addresses) and I'm seeing this thing called "Gas Limit". I want to send 0.001 TME, will it go through?

Hi Coiner,

you need a little bit of ETH on your account. Because if you want to run a transaction on the Ethereum network, Gas is required.

You can learn more about Gas and transaction costs here.

Quote from: JustMissed on July 31, 2017, 11:07:01 AM

I just did that a few seconds before you posted. It took a while but I found the instructions on page 54.

I got 1 TME in my child address. I'm guessing I should send it to my parent address, right?

Yes, send any none zero amount (.001) to your parent address, do not send 1 full TME.

Quote from: Adriano2010 on July 31, 2017, 11:08:40 AM

Yes you have to send it from child to parent address any non-0 amount of TME to mine TME. The longer you wait to mine you will get more TME

Quote

This is probably a very, very noob question but my Eth balance is 0 (on both addresses) and I'm seeing this thing called "Gas Limit". I want to send 0.001 TME, will it go through?

No. you cannot send tokens without have a ETH balance. Just buy some ETH from exchanges.Tokens cost gas to send

Quote from: JustMissed on July 31, 2017, 11:31:47 AM