[ANN] Xaurum [XAUR] - page 145. | Bitcointalksearch.org

Puhi

full member

Activity: 243

Merit: 100

Quote from: pythonium on January 17, 2017, 12:10:22 PM

Quote from: pythonium on January 06, 2017, 03:32:40 PM

I think that it might be a big problem in the future, that most of the exchanges operate on BTC-altercurr. pairings..

If you have a denomination like that, all currencies that aren't bitcoin automatically lose in value when BTC sell-off ocurres - my point being that money is being siphoned from the cryptoeconomy.

If you ask me, that caused the Xaur price fluctuation these days...

Yep, Ill just quote myself here in response to the link..

2nd - regarding my question - thnx for explaining that, however I have to ask: Isnt the commonwealth actually just gold reserve backing the whole thing?
I cannot see any other meaning of the word commonwealth - also, if you melt - shouldn't the commonwealth also increase, providing the profits go into buying more goldbars?

When you melt you receive the gold you own in your hands. There is no profit or any margin anywhere. Just a change of location.
Melted XAUR are destroyed and commonwealth gold is decreased for the quantity of gold you melt.

pythonium

newbie

Activity: 11

Merit: 0

Quote from: pythonium on January 06, 2017, 03:32:40 PM

I think that it might be a big problem in the future, that most of the exchanges operate on BTC-altercurr. pairings..

If you have a denomination like that, all currencies that aren't bitcoin automatically lose in value when BTC sell-off ocurres - my point being that money is being siphoned from the cryptoeconomy.

If you ask me, that caused the Xaur price fluctuation these days...

Yep, Ill just quote myself here in response to the link..

2nd - regarding my question - thnx for explaining that, however I have to ask: Isnt the commonwealth actually just gold reserve backing the whole thing?
I cannot see any other meaning of the word commonwealth - also, if you melt - shouldn't the commonwealth also increase, providing the profits go into buying more goldbars?

batfink68

newbie

Activity: 29

Merit: 0

This:

http://www.brisbanetimes.com.au/business/markets/automated-traders-take-over-bitcoin-as-easy-money-beckons-20170117-gtt4vw.html

The price dips occur for myriad reasons but the machines, they just keep on trading and the rest of the crypto's get pulled or pushed by bitcoin's gravity.

kaicrypzen

hero member

Activity: 1344

Merit: 656

Quote from: nitja on January 17, 2017, 04:35:27 AM

Quote from: kaicrypzen on January 17, 2017, 03:17:25 AM

Quote from: nitja on January 17, 2017, 02:20:39 AM

Quote from: pythonium on January 16, 2017, 04:20:08 PM

So if I was to Donate (destroy) 22k XAUR, commonwealth would increase by ~10g of gold?

true that.

Just above your post, I explained why this is actually not true

. I would be grateful if you could explain a bit why you think the commonwealth would increase after XAURs are destroyed. Also, can you please point out what is incorrect in my explanation? Thx.

who pointed what's incorrect in your post?? not me. you are also right, but @pythonium was askin about burning (donation) not melting. every xaurum in circulation has more gold if someone burn or donate. so from the other point of wiew commonwealth increases I have more gold behind my xaurums.

If you say that it is true just after I said it wasn't, then one answer has to be incorrect

. Anyway, we are saying the same thing, yes gold behind your XAURs will increase when XAURs are burned, but commonwealth (the total gold supply backing the total Xaurum supply) won't change.

nitja

member

Activity: 85

Merit: 10

Quote from: kaicrypzen on January 17, 2017, 03:17:25 AM

Quote from: nitja on January 17, 2017, 02:20:39 AM

Quote from: pythonium on January 16, 2017, 04:20:08 PM

So if I was to Donate (destroy) 22k XAUR, commonwealth would increase by ~10g of gold?

true that.

Just above your post, I explained why this is actually not true

. I would be grateful if you could explain a bit why you think the commonwealth would increase after XAURs are destroyed. Also, can you please point out what is incorrect in my explanation? Thx.

who pointed what's incorrect in your post?? not me. you are also right, but @pythonium was askin about burning (donation) not melting. every xaurum in circulation has more gold if someone burn or donate. so from the other point of wiew commonwealth increases I have more gold behind my xaurums.

Aaron22

newbie

Activity: 28

Merit: 0

Quote from: bigs21024 on July 14, 2016, 03:17:06 PM

cant wait for this i have loved this coin for a long time good stuff

yes this is this is very beautiful method and loveable procedure.

kaicrypzen

hero member

Activity: 1344

Merit: 656

Quote from: nitja on January 17, 2017, 02:20:39 AM

Quote from: pythonium on January 16, 2017, 04:20:08 PM

So if I was to Donate (destroy) 22k XAUR, commonwealth would increase by ~10g of gold?

true that.

Just above your post, I explained why this is actually not true

. I would be grateful if you could explain a bit why you think the commonwealth would increase after XAURs are destroyed. Also, can you please point out what is incorrect in my explanation? Thx.

nitja

member

Activity: 85

Merit: 10

Quote from: pythonium on January 16, 2017, 04:20:08 PM

nice work!

So if I was to Donate (destroy) 22k XAUR, commonwealth would increase by ~10g of gold?

true that.

kaicrypzen

hero member

Activity: 1344

Merit: 656

Quote from: pythonium on January 16, 2017, 04:20:08 PM

So if I was to Donate (destroy) 22k XAUR, commonwealth would increase by ~10g of gold?

If you melt XAUR then you'll get its gold value, meaning the commonwealth will decrease by the value you get after melting, and so will the Xaurum supply, so in the end nothing really changes. Otherwise, I don't know how you can burn all that XUAR at once ... Anyway, if you burn XAUR the commonwealth will stay the same but the gold value 1 XAUR could be melted for, will increase, so you'd make XAUR holders happier

.

pythonium

newbie

Activity: 11

Merit: 0

nice work!

So if I was to Donate (destroy) 22k XAUR, commonwealth would increase by ~10g of gold?

Aurum Project

hero member

Activity: 550

Merit: 500

Xaurum Mint XII:

Mint market-buy: 11,59 BTC

Gold increased: 436.54296875 g
Xaurum issued: 294726.061261338 XAUR
Xaurum Ratio: 0.0004712693549322816
1 g can be melted for: 2121.928764376571 XAUR

Total Xaurum money supply: 89192765.29249388 XAUR (total fees not subtracted)
Total Xaurum gold reserves: 42033.816964019985 g

Production price: 0.1202 $

]

Apriand

hero member

Activity: 896

Merit: 1008

Free crypto every day here: discord.gg/pXB9nuZ

Quote from: matsud2 on January 13, 2017, 02:34:43 AM

very nice price xaurum on c-cex hit 0.00011
moon time?
https://c-cex.com/?p=xaur-btc

Yes its nice after big dump last month, who bought @4k sat they have made more than 100% profit. Look like this coin will going higher and may be can back to 15k sats again.

matsud2

hero member

Activity: 490

Merit: 500

very nice price xaurum on c-cex hit 0.00011
moon time?
https://c-cex.com/?p=xaur-btc

bitcoin talk

member

Activity: 267

Merit: 22

Quote from: DimiZb on January 10, 2017, 10:09:37 PM

This coin claims they peg with gold, such projects are ponzi scams, or simple pure scams, peg with heavy metal is impossible

Reasons why its impossible?

xcajun21

sr. member

Activity: 742

Merit: 252

If Chinese bail, there remains the rest of the world. Wish them good luck with a better alternative, and that is not the cny.
OT: How does gold keep its value in the coin, which is decentralised from anyone owning it, thus owning the gold...

Quote from: batfink68 on January 12, 2017, 02:24:20 AM

Turns out the bitcoin price drop is due to Chinese government visiting the exchanges in a bid to control money flowing overseas from China. The price of Bitcoin is gonna keep falling as the Chinese bail from crypto...

batfink68

newbie

Activity: 29

Merit: 0

Turns out the bitcoin price drop is due to Chinese government visiting the exchanges in a bid to control money flowing overseas from China. The price of Bitcoin is gonna keep falling as the Chinese bail from crypto...

Domenc

sr. member

Activity: 434

Merit: 250

Quote from: DimiZb on January 10, 2017, 10:09:37 PM

Quote from: DavidSantamaria on January 10, 2017, 10:07:11 PM

You are obviously a ponzi.

This coin claims they peg with gold, such projects are ponzi scams, or simple pure scams, peg with heavy metal is impossible

It seems like you understand xaurum concept 100%.. (sarcazem) 😂

when you will know for some better concept than xaurum, please let me know..I will sell all my xaurums and buy yours. 😊

nitja

member

Activity: 85

Merit: 10

Quote from: DimiZb on January 10, 2017, 10:09:37 PM

Quote from: DavidSantamaria on January 10, 2017, 10:07:11 PM

You are obviously a ponzi.

This coin claims they peg with gold, such projects are ponzi scams, or simple pure scams, peg with heavy metal is impossible

Haha

, funny guys.

nmrcngrb

full member

Activity: 197

Merit: 104

Quote from: DimiZb on January 10, 2017, 10:09:37 PM

Quote from: DavidSantamaria on January 10, 2017, 10:07:11 PM

You are obviously a ponzi.

This coin claims they peg with gold, such projects are ponzi scams, or simple pure scams, peg with heavy metal is impossible

Obviously you are looking on a project from an airplane (or from a heavy metal concert

) since you are too busy to inform yourself about it.
I know it's maybe hard to understand the way Xaurum works, but if you don't understand it, it doesn't mean it's imposible.
If everybody would think like you we would still be in stone age.

DimiZb

sr. member

Activity: 403

Merit: 250

Quote from: DavidSantamaria on January 10, 2017, 10:07:11 PM

You are obviously a ponzi.

This coin claims they peg with gold, such projects are ponzi scams, or simple pure scams, peg with heavy metal is impossible

Topic: [ANN] Xaurum [XAUR] - page 145. (Read 326990 times)