[ANN] WISPR.TECH 🚀CRYPTOPIA🚀 Decentralized Messaging | PoS 3.0 | MASTERNODES | - page 7.

Gandalf86

hero member

Activity: 1330

Merit: 515

Coin Mage

For everybody confused here, I would like to explain what is the difference between an ICO and a coin swap / chain swap.

ICO:

A new developer starts a new project and wants/needs to acquire funds.
The dev will premine a certain amount, and sell the premined coins to the new users.
Users pay with an existing currency or coin (a different project), and receive coins from the new project.
The dev keeps the money and will cash it out later.
The currency users paid with, continues to exist (otherwise there would be no point in wanting to "cash out").

Swap:

A developer of an existing project wants/needs to base his coin on a different chain.
The dev will premine a certain amount, and instructs every user of the current chain to take the swap procedure.
Users send in their coins from the current chain (same project), and receive coins from the new chain.
The dev abandons the previous chain, mining stops, the swapped and unswapped tokens of the old chain become worthless.
Dev does not gain any money, it's just done for the purpose of switching the chain.

Now we look at this project:

New project, new vision.
New developers.
The money users pay with comes from a different project.
The other project (Espers) does not get abandoned and continues to exist.
Dev keeps the money with the goal of cashing out later.

Ergo, this is an ICO. So you shouldn't call yourself a swap, this has no characteristics of a swap at all.

So I guess the relevant question here is: Why do you only accept ESP? And btw., how much ESP does the entire dev team hold together? This would be similar to a premine, so it should be made public.

pshemek

sr. member

Activity: 434

Merit: 250

have you decided how many coins needed for masternode? maybe we dont have to swap all our esp2 coins to be on the safe side if cc appears again.

WisprTech

newbie

Activity: 87

Merit: 0

Quote from: FYIcryptoz on December 17, 2017, 06:47:19 AM

No offense but has anyone checked this wallet on virusses/keyloggers etc?

''If you want to be sure that the file contains no viruses, you can always check it for viruses online at Kapersky or Virustotal.'' - that's what stated in our blogpost.

Windows AV might give you an error, like it does for most wallets. If you don't trust it, then you shouldn't download it.

FYIcryptoz

full member

Activity: 181

Merit: 100

Decentralize $15-Trillion Global Trade Industry

No offense but has anyone checked this wallet on virusses/keyloggers etc?

WisprTech

newbie

Activity: 87

Merit: 0

https://medium.com/@wisprtech/swap-tutorial-give-me-my-wispr-f1195b9b6fea

Blog post that explains how to swap. Swap is starting soon.

WisprTech

newbie

Activity: 87

Merit: 0

Quote from: ?? on ??

Pool

There is no mining pool. This coin is 100% PoS.

WSP.MastaZz

newbie

Activity: 20

Merit: 0

Our Github is now public!
Wallets will be available later tonight.
Only 16 hours until the swap.

We will edit this in the ANN asap.

Thank you for your patience!

Twitter: https://twitter.com/WisprTech/status/942110329999372289
Direct Link: https://github.com/WisprProject/core/releases

WSP.MastaZz

newbie

Activity: 20

Merit: 0

Quote from: olkah on December 16, 2017, 05:41:46 AM

DEV WINDOWS WALLET Huh

I decided to make a account to respond to any questions asked.

We are sorry for the delay sir, we are in the last phase of testing and rounding things up before we publish the wallet.

olkah

hero member

Activity: 1484

Merit: 505

DEV WINDOWS WALLET Huh

WisprTech

newbie

Activity: 87

Merit: 0

Quote from: armand22 on December 16, 2017, 01:03:33 AM

can I send coins directly from the exchange?

Yes. Blog post will be up later today.

armand22

newbie

Activity: 59

Merit: 0

can I send coins directly from the exchange?

WisprTech

newbie

Activity: 87

Merit: 0

We are almost done! A blog post that explains how to swap will be posted in a couple of hours. Thank you for your patience.

Join our telegram channel, discord channel or follow us on Twitter. We will keep you updated.

WisprTech

newbie

Activity: 87

Merit: 0

Quote from: johntwo on December 12, 2017, 01:50:32 PM

Quote from: WisprTech on December 12, 2017, 11:41:06 AM

Quote from: ttookk on December 11, 2017, 07:17:12 PM

Annual inflation of 25% sounds like a lot, though. Sure, at the beginning, to get the ball rolling and all, great. But at some point, big % inflation doesn't cut it anymore. Wasn't that the problem with Espers, the abundance of coins? And if you look at pretty much any PoS coin with a high "ROI" (=Inflation), it pretty much died off eventually.

I mean, I get the idea: reel in users, and, in Wisprs case, keep them staking to keep the network going. But if you have a solid project, you don't need insane annual returns to keep people staking.

Or, to phrase it all a little differently: To keep staking profitable, the marketcap of Wispr has to grow by more than 25% per year. Until then, staking is at best a way to keep hodlers from further losses. People will get tired of this and leave Wispr behind.

The way it looks right now, it will be a staking feast for a few months, until people get bored and the market will be oversaturated anyway.

Addendum: I realize that not every coin will be used for staking, so overall inflation will be less than 25%. However, in the long run, this will still be a fixed % inflation which has to be outrun by the marketcap to keep the boat afloat.

Staking won't be the only source of income when Masternodes have been implemented, and with 5 WSP per block it won't be a ''stake fest'' for at least the first months. 25% isn't that much, but we get your concern. By the way, the ESP comparison is wrong, with 5 WSP per block and 1 block per minute, it's a little less than 3 million coins generated per year, subtracting the pre-mine it's like 36 years of coins generated if everything stays that way, which is the exact opposite of a stake fest.

Thanks for your reply ttookk.

Do coins in a wallet set up for MN (meeting the requirements) get MN rewards and stake rewards at the same time?

We haven't decided this yet, unfortunately. We will evaluate all scenarios before we implement them. Thank you for the question.

johntwo

member

Activity: 154

Merit: 10

Quote from: WisprTech on December 12, 2017, 11:41:06 AM

Quote from: ttookk on December 11, 2017, 07:17:12 PM

Annual inflation of 25% sounds like a lot, though. Sure, at the beginning, to get the ball rolling and all, great. But at some point, big % inflation doesn't cut it anymore. Wasn't that the problem with Espers, the abundance of coins? And if you look at pretty much any PoS coin with a high "ROI" (=Inflation), it pretty much died off eventually.

I mean, I get the idea: reel in users, and, in Wisprs case, keep them staking to keep the network going. But if you have a solid project, you don't need insane annual returns to keep people staking.

Or, to phrase it all a little differently: To keep staking profitable, the marketcap of Wispr has to grow by more than 25% per year. Until then, staking is at best a way to keep hodlers from further losses. People will get tired of this and leave Wispr behind.

The way it looks right now, it will be a staking feast for a few months, until people get bored and the market will be oversaturated anyway.

Addendum: I realize that not every coin will be used for staking, so overall inflation will be less than 25%. However, in the long run, this will still be a fixed % inflation which has to be outrun by the marketcap to keep the boat afloat.

Staking won't be the only source of income when Masternodes have been implemented, and with 5 WSP per block it won't be a ''stake fest'' for at least the first months. 25% isn't that much, but we get your concern. By the way, the ESP comparison is wrong, with 5 WSP per block and 1 block per minute, it's a little less than 3 million coins generated per year, subtracting the pre-mine it's like 36 years of coins generated if everything stays that way, which is the exact opposite of a stake fest.

Thanks for your reply ttookk.

Do coins in a wallet set up for MN (meeting the requirements) get MN rewards and stake rewards at the same time?

WisprTech

newbie

Activity: 87

Merit: 0

Quote from: ttookk on December 11, 2017, 07:17:12 PM

Annual inflation of 25% sounds like a lot, though. Sure, at the beginning, to get the ball rolling and all, great. But at some point, big % inflation doesn't cut it anymore. Wasn't that the problem with Espers, the abundance of coins? And if you look at pretty much any PoS coin with a high "ROI" (=Inflation), it pretty much died off eventually.

I mean, I get the idea: reel in users, and, in Wisprs case, keep them staking to keep the network going. But if you have a solid project, you don't need insane annual returns to keep people staking.

Or, to phrase it all a little differently: To keep staking profitable, the marketcap of Wispr has to grow by more than 25% per year. Until then, staking is at best a way to keep hodlers from further losses. People will get tired of this and leave Wispr behind.

The way it looks right now, it will be a staking feast for a few months, until people get bored and the market will be oversaturated anyway.

Addendum: I realize that not every coin will be used for staking, so overall inflation will be less than 25%. However, in the long run, this will still be a fixed % inflation which has to be outrun by the marketcap to keep the boat afloat.

Staking won't be the only source of income when Masternodes have been implemented, and with 5 WSP per block it won't be a ''stake fest'' for at least the first months. 25% isn't that much, but we get your concern. By the way, the ESP comparison is wrong, with 5 WSP per block and 1 block per minute, it's a little less than 3 million coins generated per year, subtracting the pre-mine it's like 36 years of coins generated if everything stays that way, which is the exact opposite of a stake fest.

Thanks for your reply ttookk.

Rsj91

member

Activity: 199

Merit: 10

PoS 3.0, messaging application. Something new and interesting. Waiting to see how it works

ttookk

hero member

Activity: 994

Merit: 513

Annual inflation of 25% sounds like a lot, though. Sure, at the beginning, to get the ball rolling and all, great. But at some point, big % inflation doesn't cut it anymore. Wasn't that the problem with Espers, the abundance of coins? And if you look at pretty much any PoS coin with a high "ROI" (=Inflation), it pretty much died off eventually.

I mean, I get the idea: reel in users, and, in Wisprs case, keep them staking to keep the network going. But if you have a solid project, you don't need insane annual returns to keep people staking.

Or, to phrase it all a little differently: To keep staking profitable, the marketcap of Wispr has to grow by more than 25% per year. Until then, staking is at best a way to keep hodlers from further losses. People will get tired of this and leave Wispr behind.

The way it looks right now, it will be a staking feast for a few months, until people get bored and the market will be oversaturated anyway.

Addendum: I realize that not every coin will be used for staking, so overall inflation will be less than 25%. However, in the long run, this will still be a fixed % inflation which has to be outrun by the marketcap to keep the boat afloat.

naam250

newbie

Activity: 15

Merit: 0

Quote from: WisprTech on December 11, 2017, 04:06:24 PM

Quote from: naam250 on December 11, 2017, 08:23:11 AM

What would you say that Wispr's unique features are? How is it different from other blockchain based messaging projects?

As far as I can tell, there is not much that has not been released before, to be honest.. But I might be missing the bigger picture!

We will have working PoS 3.0 right at the beginning. We are planning on releasing a messaging application backed by our own blockchain. Most other blockchain messaging services (if available already) use some form of dApp platform to implement the messaging. As ours will run on our own blockchain there are no contracts nor third party involvement needed. CryptoKitties clogged the Ethereum network; we don't have to rely on other blockchains to run properly.

Furthermore, we will implement Masternodes right after the swap has taken place, which will make our network sufficient enough to run such an application.

Ok, cool! I must admit, I'm not big on the technicalities behind other messenger projects, so I just assumed they had their own blockchain too, but that's a pretty cool unique feature!