Topic: ☷[ANN]☷BITTREX ICO☷ CLSTR ☷ ClusterCoin ☷ the Future of Money ☷ SOLD OUT! - page 44. (Read 46099 times)

It is easy to imagine like this - separate forks are totally independent (like different altcoins). Nothing can travel between them. Once in a while you can send transaction between forks, but it must be confirmed by both forks. In theory there is no possibility of double spending.

Give me three sound reasons why this coin should be selling higher than Xcloudcoin which had an ICO last week for the same price but with only 1.15 Million coins in total? Why would I pay more for one CLSTR (when comparing satoshi value to coin total) when I can get one Xcloud for 31,000 Satoshi?

What do you actually offer here that works right now?

Can we please get someone that knows what the hell they are talking about to review this idea?  

Recap: Intentionally creating parallel block chains for speed
          Then the blockchain will check with the multiple parallel blockchains before the next block to eliminate double spends.


In the case of a double spend, how does the blockchain know which parallel spend is the correct spend.
How does this create efficiency if the block chain has to check with the parallel chains before it can post?  It seems even more inefficient than bitcoin.



QUOTE:

It is important to note one important detail. While using ClusterCoin the wallet software will
still create addresses and send/receive payments as usual. However, your current balance will
be calculated within managed forks independently. This means that a single wallet may have
different account balance between different forks. This is mandatory to prevent fraud and any
possibility of double spending. We understand that users will often require to process
transactions between two GEO-clusters and transfer funds from one managed fork to another.

/QUOTE

This is my favorite part.  How in the hell do you know your balance in each ledger vs the other persons ledger who cares scam.

when we get clstr coin??

24 oct 2014?

with such a low reward it will take forever to get to either .

when do u think this will b sold out?

Total CLSTR coins generated during pow: 36,610,000 CLSTR

Total CLSTR coins still 36,610,000 CLSTR.  or  18305000 clstr.

thanx for listening to me... look you sold more since the change than all day yesterday

now lets get this shit to the fkn moon!!!

Just wanted to confirm - we have reduced the number of coins of the ICO by 3.5M.

There are now a total of 3,500,000 coins for sale.  264745.89803696 have be bought and 3235254.10196304 remain for sale in the ICO. 

Thanks,
Richie@bittrex

thx for clarification. How much has been bought up to date?

I am trying to understand the innovation this coin brings but having some trouble. You are essentially creating centralized points (clusters) from which to source the blockchain according to geographic location in order to speed up block confirmation times. The question then becomes how often do these clusters sync with each other. At one end of the spectrum if your clusters sync at the same rate as bitcoin there will be no appreciable difference in confirmation times except you will have potential centralized points of failure. Syncing less often will decrease block confirmation times but pushes the problem of forking on the blockchain from a single transaction level to a higher level where an entire cluster full of hundreds of thousands of transactions could be on the fork. Then when one cluster doesn't match all the other clusters during a sync those hundreds of thousands of transactions on the fork cluster will be invalidated. Also your statement from the ANN about sync blocks

"Synchronization blocks will be generated by pools located all over the world. In order to maintain high speed of block generation, those polls will maintain a direct connection to each other and coordinate each synchronization block generation. There will be no reward for this kind of blocks."

Not only is this extremely centralized but with no reward no one is going to mine sync blocks which are the most important block in your system.

EDIT: Also wanted to add the almost cavalier nature in which you treat the geolocation data that will be collected from all clustercoin users is troubling. In fact there will be very little difference between wireless carriers that use GPS to send your cell phone signal to the nearest base station and Clustercoin's geo-clusters. So the same tools of surveillance will be built within this coin from its inception and surveillance agencies can make easy use of it.

wow I'm really impressed you listened to the people, shows you care and are willing to do what it takes for success.. I'm sold

good job and thanks!!

We have agreed with Bittrex to remove 3.5m coins from the market today. The coins will be destroyed once the ICO is over. This is reducing the ICO cap to 3.5m coins. Once Bittrex makes an official announcement we will update the OP/website and make an announcement.

i will not invest until an agreement has been reached .. I'm pretty sure the community agrees with me... do that and watch this coin sell out in seconds and watch it rise cap it at 100 or 200 btc   destroy the rest.. and I'm in

because u look greedy for 1,,for 2 if it does reach 7 million its bad cause then we over paid,, so why wait ? gain trust and make investors fell safer ,also ppl would actually buy it it would sell out very fast,, now you might not even reach the 700k minimum

Yeah SHA 256 

Its not exactly that. Right now the max amount that can be bought is 700 btc. Their target is 70 btc. So if nobody keeps buying after 70 btc has been bought in then bittrex will delete all those cions.
But the point is that their is also a chance 700 btc will be bought up at 10k. Now then its a issue that most people don't like.

I see a pump in the making if this happens.. So just to get it straight, destroy all excess coins that havnt already been sold thus rewarding the ones that have already purchased by essentially guarranteeing a pump when it goes to market. Hmm.. Changing the rules of the game this early is odd but not unprecendented, regardless im not judging. Curious though to those that invested if you had these concerns already were you banking on being able to convince the dev to burn supply to benefit you? Thats a risky play.

that guy is right. If I their is already enough complains now. Those just don't understand it. But they decide market and hype.
You will get alot more positive responses if u ask bittrex  to just destroy 4mil.  Don't be greedy Take the 70btc as a cap  get sold  ..will do  much more good

I would suggest you to set up a  cap at 70btc. This Wil get the  further then how it it goes now