Topic: [ANN][RSU]█ ReserveShare █ NXT AE | FAIR distribution | First POR| UNIQUE Source - page 13. (Read 256314 times)

Then I think the best strategy now for these who decides to stay, not sell and not buy: whoever bought it cheap just to make some bucks fast and now would have to claim his shares to be "exchanged" for the coins.

ATTENTION
Care to buy now before having something running. Some bought cheap and already have the rods ready to catch their benefits

NXT-BNL2-8M6L-TYVJ-3BDC8
http://nxtreporting.com/?a=NXT-BNL2-8M6L-TYVJ-3BDC8+&c=EUR
Has bought 13746 at an average price of 0.07
Now sell:
8828 x 0.129
1500 x 0.397
3500 x 0.49
978 x 1.25
1000 x 1.54
1000 x 1.55

NXT-ZN7G-QXH2-4XNM-45KSD
http://nxtreporting.com/?a=NXT-ZN7G-QXH2-4XNM-45KSD&c=EUR
Has bought 18500 at an average price of 0.0346
Now sell:
10000 x 0.14
7000 x 0.398

NXT-DEC4-YP2R-72LW-AKRP2
http://nxtreporting.com/?a=NXT-DEC4-YP2R-72LW-AKRP2&c=EUR
Has bought 70773 at an average price of 0.05878
Now sell:
10000 x 0.8999
10000 x 1.5

...


I also have some RSU, but I do not want to be get ripped off a second time.

Those accounts that have bought cheap, can assist in giving erroneous information that would lead us to think that RSU is going to resurrect. However, we need to confirm all the information that we read. Especially after a deception would be stupid fall again.

Yeah. We could think of juicy tweet campaigns coupled with the actual progress of this coin. I think it will catch the attention of many.

The real hype in the best definition of it is also very important.

I said already, that I am not a marketing guy. I meant that I am not creative in this area, i.e. not capable to create a good idea to sell. But I have a big experience in SW development that I began to obtain in '85.
So, I have enough experience to implement many things. I am not strong in cryptography as a science and definitely, I am not capable to make a studies like TheFascistMind (AnonyMint) presumably did, but I can apply the existing cryptography technologies appropriately and I am capable to see the overkills or overestimates in the appliances.

I looked a bit through this thread and I found that people here are ready to accept the fail of initial project but not willing to give up at the same time. This is why I decided to join you and I really take on all of you. I expect from all of you to be creative, not just collecting profits. From my side I promise to do all my best.

The first obvious thing that community members could definitely do is a coin logo and wallet splash screen design. I believe some of you are really good in creating such a stuff. You need this to be done regardless of you accept me as a new SW dev or not.

Yeah, maybe we can make this coin much better than previously planned in terms of development and features. Hope a new DEV will take that challenge.

Good to see everyone coming back.

I was hoping this coin will be revived by someone willing to develop it with sincerity. Goodluck to us.

 Good luck with this great community!

No worries, good luck

@kora2

thank you, I will study this now.

Proof of burn is very clever implementation IMO. I'm still amazed it hasn't taken off more. The original inventor (Slimcoin dev afaik) launched in May and had well documented whitepaper and working code. The wallet was a bit buggy, and Slimcoin had problems with forks, but overall for a 'new' coin tech it was going pretty well. He did have a very vocal critic/troll hassling him regularly, and then in Sept he announced he was moving on. Just recently a new guy has started working on Slim to iron out some bugs, but IMO Slimcoin is still an 'orphan' in most respects, but still very innovative coin.

The original was part PoW, PoB & PoS. The dev explains everything in his announcement OP plus whitepaper, it's all there for bee7 to look over.


Whitepaper: Slimcoin Whitepaper PDF

Slimcoin thread: https://bitcointalksearch.org/topic/ann-slimcoin-proof-of-burn-new-block-gen-mineable-by-low-power-computer-613213

If you check out the last month or so of the Slimcoin thread you can see what the new guy is discussing, basically options for altering the PoS part. IMO if we used this we just use PoB & PoS and leave out traditional PoW. Having all three in the same coin (PoB PoS PoW) probably resulted in the bugs, but the basic idea behind PoB worked quite well.

If we chose this option we would have an innovative coin with great tech, and as the original was abandoned but still had good documentation & source code, we could improve on the original and make something new and original almost. Plus, being PoB makes it possible to run on a raspberry pi, so it's got potential on small mobile devices. Low resource use, so easy to market also.

what the hell dev gone away

I still do not understand, but I have no time now to read through NXT documentation to get it.

All I need is a list of RS addresses and the % of supply expressed in absolute figures to credit to each RS address.

I will provide a paper wallet generator to generate the addresses for not yet existing RS wallet shortly, so every RS asset holder would generate an address public/private key pair that later she would import into the wallet.

Edit: are there any females in the community, so I have to keep my posts politically correct?

Thoughts on initial RS whitepaper and the dev.

The analysis of the said document shows that there is no rationale behind the idea.

According to the WP the funds that are put on reserve are not used by the network the way other than to permit the network to create blocks.
In other words, someone could put her stash of coins on reserve, switch off the wallet, come back when the reserve period ended and collect the interest for doing literally nothing.
During this time the rest of nodes (what nodes if everyone would put his stakes on reserve and switch off the wallets) should do all work to secure the network, i.e. spend bandwidth and computational resources.
So, the statement in WP that the funds put on reserve are securing the network somehow is a complete lie.

I spent some time yesterday to look through the posts of badam. It appears that he registered at the BCT in Jan '14 and was a beginner miner at that time. The whole post history does not show a single evidence of being some how interested in coin sw development until his first post in this thread. Taking to account this and, most likely, the fact that there is no working wallet released to anyone who can prove its existence by just sharing it, I came to the conclusion that the whole story is a planned scam from the very beginning and no actual development were done.

I am sorry to say this, but I do not see the reason to hide this information from you.

Edit: the link to the whitepaper: https://drive.google.com/file/d/0B8ziil8jPfhlNFZ3VmVuNUxMZTg/edit?usp=sharing

First we need to collect all the tokens issued in the NXT AE. We can do this by creating a new account, ask all the token holders to send to that account. This will help to create a new share holder list. Then we send these tokens to the Nxt genesis account to 'destroy' the tokens.

So before this can be done, we need a working wallet and address so we can collect these data while collecting the tokens back.

There is no real need to collect the funds now. This could be done when we have a running wallet and distributed coins. More over I insist on this sequence.

As soon as the coin is issued (emitted, printed) the RS Nxt asset should be destroyed somehow. Do I get this correct? Could anyone explain me the intended procedure of all this asset issuance and utilization, please.

I hate the Doxing part. I am always against it and always will. Okay roger that. First let's get the community's acceptance, then we can discuss the properties. At the same time, i will try to get the major shareholders to donate for your portion. I can say we have 2.5% of total coin supply, and i will try to get more people involved. To the rest, those holding more than 10k-15k of RS, it would be helpful if you can pledge some of your coins. You guys can send to my nxt account and i hold it there until we have a real wallet/client. Then i will send the dev stake to him. Is this okay with you bee7?

Accept all above.

It is DOXing to some susceptible people who pretend to have the trust of community.


Yes it is possible, of course. We will discuss all the properties of the coin here before we implement it.