[ANN][XMY] Myriad | Multi-Algo, Fair, Secure - page 216.

infofront

legendary

Activity: 2660

Merit: 2868

Shitcoin Minimalist

Quote from: SlientBit on May 04, 2014, 05:40:41 PM

Quote from: primer- on May 04, 2014, 05:34:10 PM

You fucking dumb retard.

Man, even if you're right about all this shit, you don't have the right to badmouth anyone or being a complete jerk to others.

Congratulations, you're my first effective member of my ignore list.

+1
primer is the first one on my ignore list as well. 99% of trolls at least make decent points now and then. This one just calls everyone a "fucking retard".

8bitcoder

full member

Activity: 146

Merit: 100

Updated OP with link to Andreas Antonopolous's discussion about Myriad.

crazyearner

legendary

Activity: 1820

Merit: 1001

Would be nice too see an update in wallet to support x11 and x13 mining

neuroMode

sr. member

Activity: 448

Merit: 250

Holy crap. Andreas Antonopoulos talked about Myriad's multi-PoW blockchain!

A) Video here (I link to the point where he discusses it - 1:21:43): http://youtu.be/s3j5jlB0mmQ?t=1h21m43s

B) Transcription

Quote

Andreas: “I think what we are going to find over time is the emergence of systems where you can do mining with multiple different modes. We’re already seeing, for example, there’s a coin out there—I believe it’s called Myriad—and it has 5 different mining algorithms.

Host: “Just randomly changes?”

Andreas: “No, all of them simultaneously. So if you compromise an entire mining algorithm you get 20% of the mining power. You’d have to compromise 3 different algorithms in order to get to 60%. You’d have to take over the hashing power of the entire algorithm on 3 different algorithms—some are CPU-[friendly], some are GPU [friendly], some are ASIC-friendly. And, well that creates a very interesting scenario.

neuroMode

sr. member

Activity: 448

Merit: 250

Facebook at 86 likes after about 1 day. Still giving away 100 MYR until we hit 100 likes!

https://www.facebook.com/themyriadplatform

neuroMode

sr. member

Activity: 448

Merit: 250

Reddit /r/myriadcoin growth: http://redditmetrics.com/r/myriadcoin

So nice.

neuroMode

sr. member

Activity: 448

Merit: 250

Quote from: educatedwarrior on May 04, 2014, 12:57:23 PM

CryptoCulture Mining Pools

We have 3 Myriadcoin pools set up for SHA256, Skein, and Scrypt.

1% Block Finder Bonus.
Single-Sign On. (Create one account for all of our pools)
SSL protection
Dedicated Hardware

https://myrsha256.cryptoculture.net
https://myrscrypt.cryptoculture.net
https://myrskein.cryptoculture.net

Nice. Will add to the OP, Reddit, and new website.

neuroMode

sr. member

Activity: 448

Merit: 250

Quote from: Beave162 on May 04, 2014, 06:18:51 PM

Quote from: neuroMode on May 04, 2014, 12:52:03 PM

Gentlemen. Coin generation rate means nothing. Do you understand initial pricing on exchanges?

2,880,000 MYR per day x 0.00000500 MYR/BTC = 14.4BTC buy support to maintain 500 MYR assuming every miner dumps every day.

14.4BTC buy support. That's it. You can start to worry when the daily Mintpal volume approaches this number.

How do you increase the value of a coin? You give people reasons to inject their BTC in it. You don't artificially lower the coin generation rate. The innovation alone in this coin gave me a reason to inject my BTC into it on Poloniex. Now, we are doing as much as possible to build projects around Myriad so people feel confident acquiring BTC at a healthy rate.

If you artificially lower the coin generation rate, the price may "rise" initially to a proportional level (which is morally objectionable) but then you still need the same number of BTC to sustain it at that level. The artificial price rise is equivalent to a pump and offers nothing to the coin except unfair advantage to everyone mining this coin in its early days.

If you invested 1BTC into Litecoin and 1BTC into Myriadcoin, you would need both to increase 100% to get 2BTC despite their relative price difference against BTC. LTC would need to jump from 0.025 LTC/BTC to 0.05 LTC/BTC while MYR would need to jump from 0.00000575 MYR/BTC to 0.00001050 MYR/BTC. Using this logic, I would actually argue that LTC's coin creation rate is way too high because we've only seen it hit 0.05 LTC/BTC once on a glorious pump. There clearly is not enough buy demand to sustain LTC anywhere above 0.03BTC

Argument over.

+1

Great insight on the pricing mechanism of crypto.

Thank you.

Beave162

hero member

Activity: 809

Merit: 501

Quote from: neuroMode on May 04, 2014, 12:52:03 PM

Gentlemen. Coin generation rate means nothing. Do you understand initial pricing on exchanges?

2,880,000 MYR per day x 0.00000500 MYR/BTC = 14.4BTC buy support to maintain 500 MYR assuming every miner dumps every day.

14.4BTC buy support. That's it. You can start to worry when the daily Mintpal volume approaches this number.

How do you increase the value of a coin? You give people reasons to inject their BTC in it. You don't artificially lower the coin generation rate. The innovation alone in this coin gave me a reason to inject my BTC into it on Poloniex. Now, we are doing as much as possible to build projects around Myriad so people feel confident acquiring BTC at a healthy rate.

If you artificially lower the coin generation rate, the price may "rise" initially to a proportional level (which is morally objectionable) but then you still need the same number of BTC to sustain it at that level. The artificial price rise is equivalent to a pump and offers nothing to the coin except unfair advantage to everyone mining this coin in its early days.

If you invested 1BTC into Litecoin and 1BTC into Myriadcoin, you would need both to increase 100% to get 2BTC despite their relative price difference against BTC. LTC would need to jump from 0.025 LTC/BTC to 0.05 LTC/BTC while MYR would need to jump from 0.00000575 MYR/BTC to 0.00001050 MYR/BTC. Using this logic, I would actually argue that LTC's coin creation rate is way too high because we've only seen it hit 0.05 LTC/BTC once on a glorious pump. There clearly is not enough buy demand to sustain LTC anywhere above 0.03BTC

Argument over.

+1

Great insight on the pricing mechanism of crypto.

foodies123

sr. member

Activity: 322

Merit: 250

Quote from: primer- on May 04, 2014, 05:34:10 PM

What is this, a crystal-meth factory ? Garage and equipment worth couple hundred bucks in total ? They must be working on those pedometer wallets.

You fucking dumb retard.

It's like you don't even try anymore. I remember the good ol` days when your trolling was actually good.

SlientBit

sr. member

Activity: 294

Merit: 250

Quote from: primer- on May 04, 2014, 05:34:10 PM

You fucking dumb retard.

Man, even if you're right about all this shit, you don't have the right to badmouth anyone or being a complete jerk to others.

Congratulations, you're my first effective member of my ignore list.

ahmed_bodi

hero member

Activity: 518

Merit: 500

Bitrated user: ahmedbodi.

and you are working on what exactly? running you're mouth?

primer-

legendary

Activity: 1092

Merit: 1000

Quote from: neuroMode on May 04, 2014, 05:26:29 PM

The homeless-looking, drug-addicted, filthy criminal that the trolls here love to dub "Bryce Weiner" has posted this picture on Twitter.

Looks like he actually walks the walk, which is more than any troll here has contributed to a coin.

What is this, a crystal-meth factory ? Garage and equipment worth couple hundred bucks in total ? They must be working on those pedometer wallets.

You fucking dumb retard.

neuroMode

sr. member

Activity: 448

Merit: 250

The homeless-looking, drug-addicted, filthy criminal that the trolls here love to dub "Bryce Weiner" has posted this picture on Twitter.

Looks like he actually walks the walk, which is more than any troll here has contributed to a coin.

ocminer

legendary

Activity: 2688

Merit: 1240

Quote from: ocminer on May 01, 2014, 02:49:55 PM

Pools for Myriad:

https://myrgrs.suprnova.cc - Groestl

&

https://myrskein.suprnova.cc - Skein

&

https://myrq.suprnova.cc - Qubit *NEW*

We got patched Stratum against the diff-Attacks, No fake shares are counted on all our Pools !

Our Qubit Pool would need some power...

Now with active anti ddos Grin

eXSn

member

Activity: 94

Merit: 10

Quote from: neurorit on May 03, 2014, 06:01:22 PM

I've found one paper written by Kirill Gourov that is full of cherry-picked data and a couple linked-in pages.

I resent that. You obviously didn't bother reading it.

foodies123

sr. member

Activity: 322

Merit: 250

Quote from: Grumand on May 04, 2014, 02:56:45 PM

Quote from: primer- on May 03, 2014, 07:21:25 AM

Such dump. WOW.

I see the dev changed the topic - Moolah.io/Prelude.io are known scammers trying to pull another mtgox scam, their BTC/USD rate is 510USD compared to 440USD@Bitstamp.
http://www.reddit.com/r/Bitcoin/comments/24c8ho/request_proof_that_moolahio_is_a_legitimate/

Pedometer wallets ? What the fuck is that ? Fucking retarded dev, how gullible can one be..

If you are going to accuse someone of being a known scammer, you better provide proof.

he can't and he won't which is sad.

ahmed_bodi

hero member

Activity: 518

Merit: 500

Bitrated user: ahmedbodi.

Quote from: infofront on May 04, 2014, 02:44:33 PM

I'm not sure what the problem is, but I can't connect to the US groestl p2pool or poolerino's groestl P2pool.

its back online

Grumand

member

Activity: 68

Merit: 10

Quote from: primer- on May 03, 2014, 07:21:25 AM

Such dump. WOW.

I see the dev changed the topic - Moolah.io/Prelude.io are known scammers trying to pull another mtgox scam, their BTC/USD rate is 510USD compared to 440USD@Bitstamp.
http://www.reddit.com/r/Bitcoin/comments/24c8ho/request_proof_that_moolahio_is_a_legitimate/

Pedometer wallets ? What the fuck is that ? Fucking retarded dev, how gullible can one be..

If you are going to accuse someone of being a known scammer, you better provide proof.

neuroMode

sr. member

Activity: 448

Merit: 250

Quote from: foodies123 on May 04, 2014, 08:59:23 AM

Quote from: chiguireitor on May 04, 2014, 08:21:34 AM

Hi guys, just chiming in with some news thanks to neuroMode, there's a new game available for Myriad!

http://cryptocoinfaucet.appspot.com/games/rps

It's a Rock, Paper, Scissors betting game!!!

The current max bet is setup to 50 MYR, try not to hit it too hard.

Part of the earnings will go to the Myriad foundation.

this.

this game is fucking fun.

I am giving away 100 MYR to the first 100 Facebook followers. I just posted this game on our page (facebook.com/themyriadplatform). Since max bet is 50 I think it's a perfect way for the facebook users to use their 100 MYR ^_^

Topic: [ANN][XMY] Myriad | Multi-Algo, Fair, Secure - page 216. (Read 849993 times)