[ANN][XEL] Elastic Project - The Decentralized Supercomputer - page 283.

xtester

hero member

Activity: 840

Merit: 500

Risk taker & Black Swan farmer.

Quote from: ImI on August 19, 2016, 06:26:46 AM

Quote from: tomkat on August 19, 2016, 04:37:58 AM

Quote from: xtester on August 19, 2016, 01:19:09 AM

Quote from: ImI on August 18, 2016, 04:26:49 PM

Edit: Also to avoid having like 100 different sizes that we have to vote for i would just offer some fixed proposals like: 5m, 10m,50m,100m, 500m, 1B.

Why not offer just 3 options: 5m, 1B and 5B?

1B, 5B? What are you talking about?
If we can't stay with 5M then don't exceed 100m - please...

to me 100m or 500m seems like a good compromise. 1B has the issue that we get a big spread at exchanges which hinders adoption.

to offer only 3 options in the vote isnt needed imo, we can have at least 5.

5m, 21m, 100m, 500m , 1B

Do you think the spread issue would be so serious as to really exhibit that effect? I doubt it. Plus, a 1B cap would also help due to reasons you've already mentioned below.

Anyway, if 1B would be too much, I guess 500m would be my choice.

trader19

legendary

Activity: 1232

Merit: 1001

yea, 0 Blocks TIME LEFT

congrats on successful ICO.. ~~now how and when are tokens getting distributed?~~ and as i understood the rest 21% of unbought tokens will get distributed among participants depending on donated percentage right?

edit: will be voting this week?

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: bspus on August 19, 2016, 11:13:42 AM

How are we gonna be voting when there is no wallet and we don't have the coins in the first place?

If we do have wallet and coins what are we gonna vote for? A coin swap?

Please explain what the problem is with 5m coins? Just let the work prices float. There is enough granularity with 8 decimal digits available.
It's no different than having 500m with 6 decimal digits at least as far as the system is concerned. What changes is the exchange price.

Unless there is something I don't understand

there is a discussion in this thread going on since quite a while now what coin supply is the optimal solution. so its the absolutely logical way to have a coin vote about that issue. if you like 5m you are free to vote for 5m.

voting works the same way as claiming the XEL at a later moment. by now you should already be well aware off how claiming is planned and working.

Evil-Knievel

legendary

Activity: 1260

Merit: 1168

... and a small addition: Ruby on Rails (Bitcoinocracy's choice) is a pain in the ass. No wonder, services based on it are hacked so often Undecided

Evil-Knievel

legendary

Activity: 1260

Merit: 1168

You will be voting using signatures.
I have worked the whole night to adapt "Bitcoinocracy" to XEL. Its almost finished. Some changes were made so you can't downvote, and you have limited-time "Questions" with multiple alternatives.

It will be pretty easy.

bspus

legendary

Activity: 2165

Merit: 1002

How are we gonna be voting when there is no wallet and we don't have the coins in the first place?

If we do have wallet and coins what are we gonna vote for? A coin swap?

Please explain what the problem is with 5m coins? Just let the work prices float. There is enough granularity with 8 decimal digits available.
It's no different than having 500m with 6 decimal digits at least as far as the system is concerned. What changes is the exchange price.

Unless there is something I don't understand

tomkat

hero member

Activity: 1022

Merit: 507

Quote from: bobmarley650 on August 19, 2016, 09:55:56 AM

Quote from: tomkat on August 19, 2016, 06:49:00 AM

Quote from: bobmarley650 on August 19, 2016, 05:00:05 AM

I think, There is a need to be a logic between market cap and coin supply, What price do you want to see on exchanges?

100 sat 10 sat 4000 sat Huh

Not less than 10k sat imo.
With 1B coins it would mean 100k BTC market cap which is huge (at least at launch Wink

)

very optimistic

Well, it depends on the supply

with current 708.66 BTC and 78.10 % coins purchased, 10k sat gives
-ca. 11x average purchase price for 100M coins
-ca. 0.5x average purchase price for 5M coins

For 1B coins, 10k sat would give massive profit, but obviously it's not realistic.

If 100M coins wins, then 5k sat will be fine for me

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: trader19 on August 19, 2016, 09:37:05 AM

Quote from: Alondre on August 19, 2016, 08:27:19 AM

I think the magic number is 100.000.000 XEL Grin

agree tottaly, this amount has been trending with all great projets like eth & lisk ..

lisk? LOL

bobmarley650

legendary

Activity: 1232

Merit: 1001

Quote from: tomkat on August 19, 2016, 06:49:00 AM

Quote from: bobmarley650 on August 19, 2016, 05:00:05 AM

I think, There is a need to be a logic between market cap and coin supply, What price do you want to see on exchanges?

100 sat 10 sat 4000 sat Huh

Not less than 10k sat imo.
With 1B coins it would mean 100k BTC market cap which is huge (at least at launch Wink

)

very optimistic

trader19

legendary

Activity: 1232

Merit: 1001

Quote from: Alondre on August 19, 2016, 08:27:19 AM

I think the magic number is 100.000.000 XEL Grin

agree tottaly, this amount has been trending with all great projets like eth & lisk ..

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: twistelaar on August 19, 2016, 08:26:34 AM

Sorry, but what is wrong with the initial 5M supply as planned?

Would like to understand the reason that there know a voting will be held to change the supply.

Thanks for explaining

a.) if marketcap of XEL rises one XEL could become to expensive for small jobs to be done by the network

b.) psychological factors. buying a coin worth 1$ its eventually less favorable than buying a coin worth 0.05$

Alondre

hero member

Activity: 714

Merit: 510

Quiero mi bocadillo

I think the magic number is 100.000.000 XEL Grin

twistelaar

legendary

Activity: 1148

Merit: 1000

Sorry, but what is wrong with the initial 5M supply as planned?

Would like to understand the reason that there know a voting will be held to change the supply.

Thanks for explaining

Evil-Knievel

legendary

Activity: 1260

Merit: 1168

I am almost done with the voting software! I think it's best when the community decides!

tomkat

hero member

Activity: 1022

Merit: 507

Quote from: bobmarley650 on August 19, 2016, 05:00:05 AM

I think, There is a need to be a logic between market cap and coin supply, What price do you want to see on exchanges?

100 sat 10 sat 4000 sat Huh

Not less than 10k sat imo.
With 1B coins it would mean 100k BTC market cap which is huge (at least at launch Wink

)

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: tomkat on August 19, 2016, 04:37:58 AM

Quote from: xtester on August 19, 2016, 01:19:09 AM

Quote from: ImI on August 18, 2016, 04:26:49 PM

Edit: Also to avoid having like 100 different sizes that we have to vote for i would just offer some fixed proposals like: 5m, 10m,50m,100m, 500m, 1B.

Why not offer just 3 options: 5m, 1B and 5B?

1B, 5B? What are you talking about?
If we can't stay with 5M then don't exceed 100m - please...

to me 100m or 500m seems like a good compromise. 1B has the issue that we get a big spread at exchanges which hinders adoption.

to offer only 3 options in the vote isnt needed imo, we can have at least 5.

5m, 21m, 100m, 500m , 1B

bobmarley650

legendary

Activity: 1232

Merit: 1001

I think, There is a need to be a logic between market cap and coin supply, What price do you want to see on exchanges?

100 sat 10 sat 4000 sat Huh

tomkat

hero member

Activity: 1022

Merit: 507

Quote from: xtester on August 19, 2016, 01:19:09 AM

Quote from: ImI on August 18, 2016, 04:26:49 PM

Edit: Also to avoid having like 100 different sizes that we have to vote for i would just offer some fixed proposals like: 5m, 10m,50m,100m, 500m, 1B.

Why not offer just 3 options: 5m, 1B and 5B?

1B, 5B? What are you talking about?
If we can't stay with 5M then don't exceed 100m - please...

Ghoom

full member

Activity: 168

Merit: 100

Time left 65 Blocks

xtester

hero member

Activity: 840

Merit: 500

Risk taker & Black Swan farmer.

Quote from: ImI on August 18, 2016, 04:26:49 PM

Edit: Also to avoid having like 100 different sizes that we have to vote for i would just offer some fixed proposals like: 5m, 10m,50m,100m, 500m, 1B.

Why not offer just 3 options: 5m, 1B and 5B?

Topic: [ANN][XEL] Elastic Project - The Decentralized Supercomputer - page 283. (Read 450524 times)