ANN[gryF]$GRYF/GryfX Virtual Currency Options Market, NEW INFO MUST READ - page 15.

discodancer

sr. member

Activity: 378

Merit: 250

Time is Money - Benjamin Franklin

I have to repeat what I said on the other thread:

Quote from: discodancer on August 09, 2014, 01:55:14 PM

I just went through the site. Too confusing as to what they want to do. Does anyone in the team knows what bullet points are? Or rather to eumphemise Michael Bay:
http://www.youtube.com/watch?v=Xoe1p_NrFwg&t=13m59s

Beginning, middle, end, condense, plot and tell it.

And whats up with the IPO, why do you need an IPO?

ZigbsZigbs

member

Activity: 61

Merit: 10

Hahah 10 BTC would be amazing but sadly there's an IPO cap of 4 BTC. I could see a more reasonable sale of 2-3 BTC max....I don't want just one person having all of the control of GryfenCoins...that's a little besides the point.

If you're serious about investing a large amount you can contact us via [email protected]

UPDATE: Wallet Images

primer-

legendary

Activity: 1092

Merit: 1000

I want to buy 10BTC worth of IPO!!

devvienuis

sr. member

Activity: 452

Merit: 250

I made following article for people interested: #IPO & ANN Analysis @GryfenCoin #crypto like #bitcoin with #Options Game #RT!!!!

Most important? I have seen 3 different ID cards from the developer... So hope that helps.

I have also been told that the website will get some minor changes, adopting to market wishes... IPO stil open ;-)

Greetz

twitter.com/devnullius

ZigbsZigbs

member

Activity: 61

Merit: 10

We've sold more shares - the demand seems to be higher than I was expecting.

I'm openly but skeptically looking at the idea of increasing the frontwards yield on interest that produces the coins/shares from the mean to the max(1%) - doubling initial coins in the system on launch and increasing total # of shares sold to 20,000 - anyone who bought shares before that will have their share yield increased from 82,500 coins to nearly double that.

We will be bringing more news about our gamified cryptocurrency options market in the coming days. We currently have 16 coins we're actively working with that are going to be on the gamified cryptocurrency options market/game as well as a few very niche cryptocurrencies that would be backed by GryfenCoins and the GryfenReserve(we would buy the coins directly from you in exchange for GryfenCoin)

.

ZigbsZigbs

member

Activity: 61

Merit: 10

UPDATE: We've sold 940 Shares so far, there are 9,060 shares left - sale ends by August 20th, or whenever supply runs out.

ZigbsZigbs

member

Activity: 61

Merit: 10

The #1 error I see in the argument for coins in circulation is the argument is based on what has worked in the past in a past market as per what will/could happen in a larger, more different future market.

ZigbsZigbs

member

Activity: 61

Merit: 10

Because that would be just too crazy. I'm open to a little crazy, but THAT is just a little too crazy Grin

Maybe we should just do like 1 coin Proof of Work. now THAT is crazy. Tongue

Mainly the huge # of coins is to extend the early adoption window. We've created a "more evolved" financial system that is created and controlled by even fewer players than the one currently. If that isn't irony then I don't know what is. The whole problem with the current financial system is the lack of involvement of the people or populous. We are trying to solve that actual problem.

mozurt

sr. member

Activity: 286

Merit: 250

why not 1000 trillion Grin

ZigbsZigbs

member

Activity: 61

Merit: 10

Algorithm updated and OP updated. Please let me know what is still objectively terrible and I will have it corrected

We have the rest of the stuff in the white paper or the pitch deck and we dropped the initial pricing such that it would be .24 Satoshi/GryfenCoin vs. the former 2.4/gfc.

Once again PLEASE let me know anything you want to tell me I'm here to listen to you.

djm34

legendary

Activity: 1400

Merit: 1050

Quote from: trogdorjw73 on July 18, 2014, 02:35:53 PM

What does X22 + Scrypt mean (and why not "X23" if you're adding Scrypt to X22)?

Assuming you grab all the unique algos from X14 and X15, add in Scrypt, and you're at maybe X18 at best. A nice list of the 22 hashing algorithms being used would be good.

BTW, I want to just state that the "more is better" mentality of X11->X13->X15/X14 is not necessarily a good thing in my opinion. Each additional algorithm simply adds overhead and that can be a problem on servers (e.g. pools and exchanges).

x11 is already pretty pointless at that level... in terms of security keccak all alone is more than enough...
At some point coin devs will remember that a coin relies on decentralize network where transaction can be processed by devices... so to make them difficult to process, is a total non sense (from the start...)... I won't complain though Grin

Regarding the OP, it is still terrible. Limit yourself to the executive summary and put the extra stuff in the white paper...

trogdorjw73

hero member

Activity: 482

Merit: 500

What does X22 + Scrypt mean (and why not "X23" if you're adding Scrypt to X22)?

Assuming you grab all the unique algos from X14 and X15, add in Scrypt, and you're at maybe X18 at best. A nice list of the 22 hashing algorithms being used would be good.

BTW, I want to just state that the "more is better" mentality of X11->X13->X15/X14 is not necessarily a good thing in my opinion. Each additional algorithm simply adds overhead and that can be a problem on servers (e.g. pools and exchanges).

baronvonclausewitz

newbie

Activity: 51

Merit: 0

Quote from: JakeThePanda on July 18, 2014, 01:10:50 PM

Quote from: baronvonclausewitz on July 18, 2014, 01:07:17 PM

Quote from: baby222 on July 18, 2014, 12:29:23 PM

what a nice plan you do dev Grin

Why thank you. So, for everyone who was complaining about the structure and tl:dr, how is it now? Please let me know if there is anything more I can do, if I haven't done enough, etc. I want your feedback. I want it.

You didn't respond to my question.

You are selling the IPO shares at around 2.4 Satoshis per coin? Correct me if I'm wrong, but with 100 trillion coins, that prices the entire market cap at about $1.5 billion?

I apologize, I want to respond to you folks individually and they were first in line.

We will not reach 100 trillion coins for years, decades even. We want to price it for the user for initial growth so it can build in value over time. We want room for lots of sustainable, long term growth and hopefully it will reach $1.5 billion some day. The effective market cap coming out of the IPO will probably be around $12,000 according to our estimates, so hitting $1.5 billion will take quite a while. The physical backing of the coin, the GryfenVault, will eventually raise the market cap as the coin matures.

JakeThePanda

hero member

Activity: 644

Merit: 500

Quote from: baronvonclausewitz on July 18, 2014, 01:07:17 PM

Quote from: baby222 on July 18, 2014, 12:29:23 PM

what a nice plan you do dev Grin

Why thank you. So, for everyone who was complaining about the structure and tl:dr, how is it now? Please let me know if there is anything more I can do, if I haven't done enough, etc. I want your feedback. I want it.

You didn't respond to my question.

You are selling the IPO shares at around 2.4 Satoshis per coin? Correct me if I'm wrong, but with 100 trillion coins, that prices the entire market cap at about $1.5 billion?

baronvonclausewitz

newbie

Activity: 51

Merit: 0

Quote from: baby222 on July 18, 2014, 12:29:23 PM

what a nice plan you do dev Grin

Why thank you. So, for everyone who was complaining about the structure and tl:dr, how is it now? Please let me know if there is anything more I can do, if I haven't done enough, etc. I want your feedback. I want it.

baby222

hero member

Activity: 1008

Merit: 501

what a nice plan you do dev Grin

JakeThePanda

hero member

Activity: 644

Merit: 500

Quote from: baronvonclausewitz on July 18, 2014, 12:07:47 AM

Be more constructive with your feedback.

Condense the OP into something that people can understand.
You are selling the IPO shares at around 2.4 satoshis per coin? Correct me if I'm wrong, but with 100 trillion coins, that prices the entire market cap at about $1.5 billion?

Equate

hero member

Activity: 770

Merit: 500

100 Trillion coins , that's a lot of coins and make your OP readable atleast.

djm34

legendary

Activity: 1400

Merit: 1050

Quote from: WilderX on July 18, 2014, 09:20:00 AM

What the heck was that Huh

a bad case of slide diarrhoea (aka powerpoint poisoning... may-be not, actually powerpoint poisoning is rather what we get if you look to all those slides) aka office dysentery Grin

WilderX

hero member

Activity: 597

Merit: 504

What the heck was that Huh

Topic: ANN[gryF]$GRYF/GryfX Virtual Currency Options Market, NEW INFO MUST READ - page 15. (Read 37627 times)