[ANN][TRUST] TRUSTplus [PoD5x2][BitTrex][Android][Shopify][Moderated] - page 31.

jc12345

legendary

Activity: 1638

Merit: 1013

Quote from: Bitcoin4ik on August 03, 2014, 02:39:44 AM

Quote from: jc12345 on August 03, 2014, 02:28:38 AM

Quote from: ?? on ??

Coin died?

Yes, coin died. Dev only says and does nothing. He lazy and waiting for someone to do everything for him.

You are welcome to sell your coins if you are impatient. This coin will either be very big if the dev delivers or fail miserably if he does not. It depends on your risk appetite and patience. Big risk big reward - typical crypto. Put in what money you can afford to lose. If something comes of it fine and if nothing comes of it also fine.

Are there any plans for this coin? There is some development?

Dev has posted the plans and concept several times if you look through the history. However, don't expect things to happen overnight as the plans are for the remainder of 2014 and then 2015. As far as I understand it the development was supposed to be funded by the premine. So at the current prices the dev has to use alternative funds for the development.

Bitcoin4ik

full member

Activity: 149

Merit: 100

Quote from: jc12345 on August 03, 2014, 02:28:38 AM

Quote from: ?? on ??

Coin died?

Yes, coin died. Dev only says and does nothing. He lazy and waiting for someone to do everything for him.

You are welcome to sell your coins if you are impatient. This coin will either be very big if the dev delivers or fail miserably if he does not. It depends on your risk appetite and patience. Big risk big reward - typical crypto. Put in what money you can afford to lose. If something comes of it fine and if nothing comes of it also fine.

Are there any plans for this coin? There is some development?

jc12345

legendary

Activity: 1638

Merit: 1013

Quote from: ?? on ??

Coin died?

Yes, coin died. Dev only says and does nothing. He lazy and waiting for someone to do everything for him.

You are welcome to sell your coins if you are impatient. This coin will either be very big if the dev delivers or fail miserably if he does not. It depends on your risk appetite and patience. Big risk big reward - typical crypto. Put in what money you can afford to lose. If something comes of it fine and if nothing comes of it also fine.

Pebbelzz

full member

Activity: 140

Merit: 100

mitchellmint, I would just like to thank you for putting out a legit coin. This is very undervalued atm and I am slowly amassing some since it's so low. I'm sure soon it will shine

mitchellmint

legendary

Activity: 1139

Merit: 1000

TRUSTplus Dev

Super easy explanation: TRUST Wallet is a turnkey Multi Wallet Decentralized hosted or local device that can be used from any client software or device to safely withdraw, spending or sending to a universal address book, TRUST Tags, based social media, email, home plus cellular addresses. As well as deposit to your Wallet. Its best feature is the ability to trust someone with your coins to provide the other user a credit score, or TRUST SCORE, upon successful return of the Coins. This score can be used to determine a persons digital credit worthiness.

The functionality of the multi wallet will be essential when we overlap our chains plus add other coins. That is why we are asking how 2015 should be programmed to start planning its relationship to 2014. It also looks like we are going to need a local plus public market since the prices will between coins may fluctuate or need to changed over for other services.

This is a huge project with many working pieces that will require team work. Your opinions and needs are paramount to all our developers and marketeers. This coin is willing to front the development, we just need the ideas.

Our price is being repressed. It is up to you to decide how it is being done, so please make small volume investments and wait for the suppression to kick in not to over pay for coins. This has weakened our pre-mines value, which was intended to pay for the development of this coin with bounties. MitchellMint Miners have been backing the loss with their BTC to keep development moving forward.

This coin is not going anywhere but up.

neite99

sr. member

Activity: 560

Merit: 250

Quote from: stafur on July 31, 2014, 03:05:42 PM

Quote from: neite99 on July 31, 2014, 12:55:33 PM

I don't want to start any bad comments or anything but why are we discussing next year when the volume and price is so low?

Seems to me like what the coin really needs is an announcement. Or at least a glimpse of what is coming soon.

Put simply. What is there to invest in? Why would we invest?

I am on the richlist and I am holding but I would like some sort of answer to this rather than just blind faith.

Edit:

When I say this I also mean explain in laymens terms. There are a lot of people out there playing crypto that have no idea what RPi is. Screenshots and a basic explanation of what you are trying to accomplish would do wonders for the coin.

Also cleaning up the front page of this thread. It looks super blocky and odd looking it is a real turnoff for potential invesstors.

One way to increase the value of the coin is to reduce the current rate of inflation and provide an vehicle for use (spending) while reducing the incentive for hoarding of the coin. I have suggested a proposal that gradually achieves this. If the current investors are interested in increasing the value of the coin sooner rather than later, then creating/finding vehicles for expenditure while reducing the staking APR should be pushed for more immediately.

Your comment about the front page of this thread should be addressed. It also applies to the overall presentation of the coin in websites and social media.

I agree that we need a way of spending the coin but I don't think it will solve the problem.

The coins that climb in price (and use) are the ones with new and innovative tech. I believe TRUST has the capability of this but so far I have not seen anything that clearly states what that tech is. There is talk of trust levels on the wallets and such but what does that mean? What does the RPi do? What is the multiwallet? What is the point of recreating the blockchain every year?

I believe in the coin but in order to get some attention we will need a CLEAR simple explanation and some tiny glimpse that its actually real. Rather than what I referred to as blind faith.

Yes we need to get big thing like merchant adoption and use taken care of but even if it was magically done right now who would use TRUST over another coin? Why would they?

I believe in Travis' skills but someone here needs to layout what the development plan is an show the crypto public why TRUST is worth investing in.

Like I said, I am a fan and an investor but the attention span of cryptoenthusiasts is very short when so many new coins pop up everyday TRUST needs to show why it is a contender.

stafur

member

Activity: 115

Merit: 10

Quote from: neite99 on July 31, 2014, 12:55:33 PM

I don't want to start any bad comments or anything but why are we discussing next year when the volume and price is so low?

Seems to me like what the coin really needs is an announcement. Or at least a glimpse of what is coming soon.

Put simply. What is there to invest in? Why would we invest?

I am on the richlist and I am holding but I would like some sort of answer to this rather than just blind faith.

Edit:

When I say this I also mean explain in laymens terms. There are a lot of people out there playing crypto that have no idea what RPi is. Screenshots and a basic explanation of what you are trying to accomplish would do wonders for the coin.

Also cleaning up the front page of this thread. It looks super blocky and odd looking it is a real turnoff for potential invesstors.

One way to increase the value of the coin is to reduce the current rate of inflation and provide an vehicle for use (spending) while reducing the incentive for hoarding of the coin. I have suggested a proposal that gradually achieves this. If the current investors are interested in increasing the value of the coin sooner rather than later, then creating/finding vehicles for expenditure while reducing the staking APR should be pushed for more immediately.

Your comment about the front page of this thread should be addressed. It also applies to the overall presentation of the coin in websites and social media.

neite99

sr. member

Activity: 560

Merit: 250

I don't want to start any bad comments or anything but why are we discussing next year when the volume and price is so low?

Seems to me like what the coin really needs is an announcement. Or at least a glimpse of what is coming soon.

Put simply. What is there to invest in? Why would we invest?

I am on the richlist and I am holding but I would like some sort of answer to this rather than just blind faith.

Edit:

When I say this I also mean explain in laymens terms. There are a lot of people out there playing crypto that have no idea what RPi is. Screenshots and a basic explanation of what you are trying to accomplish would do wonders for the coin.

Also cleaning up the front page of this thread. It looks super blocky and odd looking it is a real turnoff for potential invesstors.

stafur

member

Activity: 115

Merit: 10

Quote from: paycum on July 31, 2014, 07:19:53 AM

i dont know if its a good idea and if its possible, but is it possible to make multiple mining periods?

for example every 3 months an x amount of coins can be mined. after 3 months new mining period starts with zero difficulty again. this way people who join after 3 months have same chances as people who mined from the start.

this will not only attract new miners and trust lovers but is also spreading the coins better as more miners means a better spread. this will also mean better price stabillity as most miners just mine to make profit and dump all their coins.

with most coins now you see that only a few miners have all the mined coins...

I agree with your idea, but think it should be every 6 months to allow for a longer period of stability and more gradual transition to the new block-chain. As for the number of coins, I am of he opinion that every PoW should have a decreasing number of coins toward a fixed reward. Maybe an inverse sqrt function? something like:

Num of Reward Coins = Reward_min + 1 / sqrt(time factor * date + date shift)

I additionally like the idea of allowing the difficulty to reset at the start of the transition to the new block-chain. I also believe that resetting the difficulty with every new block-chain will continue to draw new miners and investors to the coin.

Quote from: paycum on July 31, 2014, 07:19:53 AM

same with staking. maybe an idea to create a maximum stake per month. this way people wont buy millions of coins just to stake and gives others more chances to stake as well.

or a percentage. so lets say if you have between 500/50000 you get x stake per month, between 50000/250000 x stake per month and so on. so basically a fixed amount per month based on their coin level. so this will give everyone a better insentive to stake coins which improves security. also it prevents bots and pumpers/dumpers to just buy millions of coins just for the stake which in return are mostly used to manipulate the market.

this will also be good to prevent double spend attack.

I also like the idea of a maximum stake. I think that the maximum staking should be somewhere in the range of 0.5% and 2% APR. I also think the idea of a variable APR dependent on coins held is very interesting and promotes securing the network.

[edit] Looking forward to putting these and other ideas to a vote!

paycum

sr. member

Activity: 518

Merit: 250

i dont know if its a good idea and if its possible, but is it possible to make multiple mining periods?

for example every 3 months an x amount of coins can be mined. after 3 months new mining period starts with zero difficulty again. this way people who join after 3 months have same chances as people who mined from the start.

this will not only attract new miners and trust lovers but is also spreading the coins better as more miners means a better spread. this will also mean better price stabillity as most miners just mine to make profit and dump all their coins.

with most coins now you see that only a few miners have all the mined coins...

same with staking. maybe an idea to create a maximum stake per month. this way people wont buy millions of coins just to stake and gives others more chances to stake as well.

or a percentage. so lets say if you have between 500/50000 you get x stake per month, between 50000/250000 x stake per month and so on. so basically a fixed amount per month based on their coin level. so this will give everyone a better insentive to stake coins which improves security. also it prevents bots and pumpers/dumpers to just buy millions of coins just for the stake which in return are mostly used to manipulate the market.

this will also be good to prevent double spend attack.

neite99

sr. member

Activity: 560

Merit: 250

Quote from: mitchellmint on July 30, 2014, 07:50:22 PM

Quote from: neite99 on July 30, 2014, 05:36:30 PM

Quote from: mitchellmint on July 28, 2014, 12:54:41 PM

I put some pressure on our programmers today to get an update. I believe they have had enough time to be at some point besides a couple screen shots. Stafur needs to start seeing some code, as well do I. I have only been able to see the front end. The price of the coin put us behind since the bounties are in TRUST. I had to scramble to get some BTC guarantee agreements made. I hope to see some activity in GIThub soon.

Most of the programming will be handled in the trustplus.co space. There still seems to be a problem with autotransations ability to trigger a non auto transaction without detection. Even and odd or being able to publish the algo leaves little comfort to myself for a smoke. We are looking for a foolproof undetectable ignore trigger. So far we have not been able to fool ourselves and figure out the trigger quickly.

Tags are still being built, with the additional option to publish the Trust Score in the directory. The API Private Access Keys to Tags will be sold on our site. We are working on profit sharing using TRUST and referrals.

Retail site is going up. Shopify will hopefully approve our Payment System. We will be offering crypto gear: RPi, USB miners, Wallet Paper, Stickers and setup services.

The hosted multi-wallet is getting closer, its uses a web app to connect over VPN. Basic Send, Receive TRUST with the ability to convert to BitCoin when needed. My guess is most people will use this app to run their BitCoin Wallets on their mobile devices. Fees paid to TRUST to support the app and network. We tried to host the RPi's on a Vbox... nope. We are also looking into Vbox'ing Linux. So far RPi seems to be stable and cost effective.

A new discussion, TRUST 2015 was planning on being a POS. With the recent X11 scam coins, I wonder if we should add a PoW segment to 2015. We are still planning to go ahead in 2015 with a 6% APR (inflation) PoS x11 Coin for 12 months. Thoughts?

Some kind of screenshot or anything would be nice here.

The shots I have are at TrustPlus.com There are pictures of the projects we are working on. Can anyone take the lead on starting the discussion about adding PoW for the 2015 Coin?

I do not see them on the site. Where should I be looking?

stafur

member

Activity: 115

Merit: 10

Quote from: mitchellmint on July 30, 2014, 08:56:14 PM

[...]
I like the gradual percent change, the overlap of versions. I see a matrix of variables to vote on... APR, Frequency of APR Reduction, PoW Reward, Transitional Overlap and Frequency.

Great. Would you like me to set it up via survey monkey while a more official voting medium is created/selected?
I would also welcome suggestions about what language to use for the questions. Thanks!

mitchellmint

legendary

Activity: 1139

Merit: 1000

TRUSTplus Dev

Quote from: stafur on July 28, 2014, 08:02:43 PM

Quote from: mitchellmint on July 28, 2014, 12:54:41 PM

I put some pressure on our programmers today to get an update. I believe they have had enough time to be at some point besides a couple screen shots. Stafur needs to start seeing some code, as well do I. I have only been able to see the front end. The price of the coin put us behind since the bounties are in TRUST. I had to scramble to get some BTC guarantee agreements made. I hope to see some activity in GIThub soon.

Great! Looking forward to reviewing the code! Thanks!

Quote from: mitchellmint on July 28, 2014, 12:54:41 PM

A new discussion, TRUST 2015 was planning on being a POS. With the recent X11 scam coins, I wonder if we should add a PoW segment to 2015. We are still planning to go ahead in 2015 with a 6% APR (inflation) PoS x11 Coin for 12 months. Thoughts?

I think 6% is too high after the first year. I think that the main purpose of POS at that point should be for securing the network instead of minting and hoarding should be discouraged as much as possible. An APR of 0.5% to 2% that starts after 1 hour and lasts 14 days would likely suffice to encourage some staking, but discourage hoarding.

Further, I would also like to propose dropping the APR to 12% after 3 months, 6% after 6 months, and 3% after 9 months. That is dropping to 12% in October 4th, 2014, 6% January 4th, 2015, and 3% on April 4th, 2015. The final APR would then be fixed, as per community consensus, on July 4th, 2015 and thereafter.

As for mining, that also sounds like a good idea. I think that instead of another short term mining period, a longer period with a fixed number of rewards per block that encourage spending and assist the PoS process with PoW to secure the block-chain, may be more beneficial.

Furthermore, I would like to encourage looking for a consensus on creating a gradual transition to a new block-chain that starts in 6 months and which maintains both block chains active for an additional 6 months prior to fully transitioning to the new block chain. [edit] Link to picture of the gradual transition suggestion: https://www.dropbox.com/s/efushhccz8djv1g/Gradual-block-chain-Transitions-Sergio-Tafur.png

How does setting up a simple vote to let the community chime in on these ideas sound? (I would also like to encourage the community to establish an open decision making methodology for this coin)

Thoughts and comments are always welcome!

I like the gradual percent change, the overlap of versions. I see a matrix of variables to vote on... APR, Frequency of APR Reduction, PoW Reward, Transitional Overlap and Frequency.

mitchellmint

legendary

Activity: 1139

Merit: 1000

TRUSTplus Dev

Quote from: stafur on July 30, 2014, 08:07:25 PM

Quote from: stafur on July 28, 2014, 08:02:43 PM

Quote from: mitchellmint on July 28, 2014, 12:54:41 PM

I put some pressure on our programmers today to get an update. I believe they have had enough time to be at some point besides a couple screen shots. Stafur needs to start seeing some code, as well do I. I have only been able to see the front end. The price of the coin put us behind since the bounties are in TRUST. I had to scramble to get some BTC guarantee agreements made. I hope to see some activity in GIThub soon.

Great! Looking forward to reviewing the code! Thanks!

Quote from: mitchellmint on July 28, 2014, 12:54:41 PM

A new discussion, TRUST 2015 was planning on being a POS. With the recent X11 scam coins, I wonder if we should add a PoW segment to 2015. We are still planning to go ahead in 2015 with a 6% APR (inflation) PoS x11 Coin for 12 months. Thoughts?

I think 6% is too high after the first year. I think that the main purpose of POS at that point should be for securing the network instead of minting and hoarding should be discouraged as much as possible. An APR of 0.5% to 2% that starts after 1 hour and lasts 14 days would likely suffice to encourage some staking, but discourage hoarding.

Further, I would also like to propose dropping the APR to 12% after 3 months, 6% after 6 months, and 3% after 9 months. That is dropping to 12% in October 4th, 2014, 6% January 4th, 2015, and 3% on April 4th, 2015. The final APR would then be fixed, as per community consensus, on July 4th, 2015 and thereafter.

As for mining, that also sounds like a good idea. I think that instead of another short term mining period, a longer period with a fixed number of rewards per block that encourage spending and assist the PoS process with PoW to secure the block-chain, may be more beneficial.

Furthermore, I would like to encourage looking for a consensus on creating a gradual transition to a new block-chain that starts in 6 months and which maintains both block chains active for an additional 6 months prior to fully transitioning to the new block chain. [edit] Link to picture of the gradual transition suggestion: https://www.dropbox.com/s/efushhccz8djv1g/Gradual-block-chain-Transitions-Sergio-Tafur.png

How does setting up a simple vote to let the community chime in on these ideas sound? (I would also like to encourage the community to establish an open decision making methodology for this coin)

Thoughts and comments are always welcome!

[edit] Are the above statements a good place to start the PoW discussion?

Sorry, I was standing in the Forest and didn’t see the Trees.

stafur

member

Activity: 115

Merit: 10

Quote from: stafur on July 28, 2014, 08:02:43 PM

Quote from: mitchellmint on July 28, 2014, 12:54:41 PM

I put some pressure on our programmers today to get an update. I believe they have had enough time to be at some point besides a couple screen shots. Stafur needs to start seeing some code, as well do I. I have only been able to see the front end. The price of the coin put us behind since the bounties are in TRUST. I had to scramble to get some BTC guarantee agreements made. I hope to see some activity in GIThub soon.

Great! Looking forward to reviewing the code! Thanks!

Quote from: mitchellmint on July 28, 2014, 12:54:41 PM

A new discussion, TRUST 2015 was planning on being a POS. With the recent X11 scam coins, I wonder if we should add a PoW segment to 2015. We are still planning to go ahead in 2015 with a 6% APR (inflation) PoS x11 Coin for 12 months. Thoughts?

I think 6% is too high after the first year. I think that the main purpose of POS at that point should be for securing the network instead of minting and hoarding should be discouraged as much as possible. An APR of 0.5% to 2% that starts after 1 hour and lasts 14 days would likely suffice to encourage some staking, but discourage hoarding.

Further, I would also like to propose dropping the APR to 12% after 3 months, 6% after 6 months, and 3% after 9 months. That is dropping to 12% in October 4th, 2014, 6% January 4th, 2015, and 3% on April 4th, 2015. The final APR would then be fixed, as per community consensus, on July 4th, 2015 and thereafter.

As for mining, that also sounds like a good idea. I think that instead of another short term mining period, a longer period with a fixed number of rewards per block that encourage spending and assist the PoS process with PoW to secure the block-chain, may be more beneficial.

Furthermore, I would like to encourage looking for a consensus on creating a gradual transition to a new block-chain that starts in 6 months and which maintains both block chains active for an additional 6 months prior to fully transitioning to the new block chain. [edit] Link to picture of the gradual transition suggestion: https://www.dropbox.com/s/efushhccz8djv1g/Gradual-block-chain-Transitions-Sergio-Tafur.png

How does setting up a simple vote to let the community chime in on these ideas sound? (I would also like to encourage the community to establish an open decision making methodology for this coin)

Thoughts and comments are always welcome!

[edit] Are the above statements a good place to start the PoW discussion?

mitchellmint

legendary

Activity: 1139

Merit: 1000

TRUSTplus Dev

Quote from: neite99 on July 30, 2014, 05:36:30 PM

Quote from: mitchellmint on July 28, 2014, 12:54:41 PM

I put some pressure on our programmers today to get an update. I believe they have had enough time to be at some point besides a couple screen shots. Stafur needs to start seeing some code, as well do I. I have only been able to see the front end. The price of the coin put us behind since the bounties are in TRUST. I had to scramble to get some BTC guarantee agreements made. I hope to see some activity in GIThub soon.

Most of the programming will be handled in the trustplus.co space. There still seems to be a problem with autotransations ability to trigger a non auto transaction without detection. Even and odd or being able to publish the algo leaves little comfort to myself for a smoke. We are looking for a foolproof undetectable ignore trigger. So far we have not been able to fool ourselves and figure out the trigger quickly.

Tags are still being built, with the additional option to publish the Trust Score in the directory. The API Private Access Keys to Tags will be sold on our site. We are working on profit sharing using TRUST and referrals.

Retail site is going up. Shopify will hopefully approve our Payment System. We will be offering crypto gear: RPi, USB miners, Wallet Paper, Stickers and setup services.

The hosted multi-wallet is getting closer, its uses a web app to connect over VPN. Basic Send, Receive TRUST with the ability to convert to BitCoin when needed. My guess is most people will use this app to run their BitCoin Wallets on their mobile devices. Fees paid to TRUST to support the app and network. We tried to host the RPi's on a Vbox... nope. We are also looking into Vbox'ing Linux. So far RPi seems to be stable and cost effective.

A new discussion, TRUST 2015 was planning on being a POS. With the recent X11 scam coins, I wonder if we should add a PoW segment to 2015. We are still planning to go ahead in 2015 with a 6% APR (inflation) PoS x11 Coin for 12 months. Thoughts?

Some kind of screenshot or anything would be nice here.

The shots I have are at TrustPlus.com There are pictures of the projects we are working on. Can anyone take the lead on starting the discussion about adding PoW for the 2015 Coin?

mitchellmint

legendary

Activity: 1139

Merit: 1000

TRUSTplus Dev

Quote from: neite99 on July 30, 2014, 05:33:37 PM

.....................crickets..........................

giggle

neite99

sr. member

Activity: 560

Merit: 250

Quote from: mitchellmint on July 28, 2014, 12:54:41 PM

I put some pressure on our programmers today to get an update. I believe they have had enough time to be at some point besides a couple screen shots. Stafur needs to start seeing some code, as well do I. I have only been able to see the front end. The price of the coin put us behind since the bounties are in TRUST. I had to scramble to get some BTC guarantee agreements made. I hope to see some activity in GIThub soon.

Most of the programming will be handled in the trustplus.co space. There still seems to be a problem with autotransations ability to trigger a non auto transaction without detection. Even and odd or being able to publish the algo leaves little comfort to myself for a smoke. We are looking for a foolproof undetectable ignore trigger. So far we have not been able to fool ourselves and figure out the trigger quickly.

Tags are still being built, with the additional option to publish the Trust Score in the directory. The API Private Access Keys to Tags will be sold on our site. We are working on profit sharing using TRUST and referrals.

Retail site is going up. Shopify will hopefully approve our Payment System. We will be offering crypto gear: RPi, USB miners, Wallet Paper, Stickers and setup services.

The hosted multi-wallet is getting closer, its uses a web app to connect over VPN. Basic Send, Receive TRUST with the ability to convert to BitCoin when needed. My guess is most people will use this app to run their BitCoin Wallets on their mobile devices. Fees paid to TRUST to support the app and network. We tried to host the RPi's on a Vbox... nope. We are also looking into Vbox'ing Linux. So far RPi seems to be stable and cost effective.

A new discussion, TRUST 2015 was planning on being a POS. With the recent X11 scam coins, I wonder if we should add a PoW segment to 2015. We are still planning to go ahead in 2015 with a 6% APR (inflation) PoS x11 Coin for 12 months. Thoughts?

Some kind of screenshot or anything would be nice here.

neite99

sr. member

Activity: 560

Merit: 250

.....................crickets..........................

paycum

sr. member

Activity: 518

Merit: 250

Quote from: haos on July 30, 2014, 09:36:28 AM

Anything going on with Trust recently?
This silence is awkward for a coin with such potential.

silence? they posted an update yesterday lol

Topic: [ANN][TRUST] TRUSTplus [PoD5x2][BitTrex][Android][Shopify][Moderated] - page 31. (Read 122021 times)