Topic: [ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments - page 217. (Read 775150 times)

Iota is amazing and great news are comming

Thank you for your detailed post and I must agree with it in majority. Guys if we are trying to give legitimacy to crypto and the coins we have why would you bash the other coin that is doing similar things to you? I think I get the logic in lets lower their value so our value increases but that is incredible flawed and short-sighted. Why not say something like if you like IOTA come check out XRB! That is simple and would communicate that both projects are good. Again thanks for your post more people need to read this and that is why I am re quoting despite it being two posts above me.

*** This is posted by one of the XRB devs on discord group. It explains the history of XRB distribution and faucet ***



Because it gave so much value compared to privately funded faucets, it attracted both those in third world circumstances who could actually make a living from using the faucet, as well as "entrepreneurs" who would use the labor of indigent for their own profit. At 1k satoshi price, we were essentially giving away 28 btc weekly. People claimed, sold on the market, and did as they pleased. Pools offered direct btc payments from working on the faucet but kept a hefty cut (around 30%). Others found ways to use machine learning to solve the captchas more rapidly. In the end, it became a mess of people only concerned with selling for btc and cashing out, not wanting to actually learn about or really use RaiBlocks, and thus causing massive trouble for the early exchange(s) that traded XRB. Cryptopia delisted us due to the volume of support tickets, some say even due to death threats from angry users. Ultimately we found that while a very fair method of distributing, the Faucet model was causing far too much harm to RaiBlocks as a currency, as a project. Approx 30 percent distributed was enough, so we ended it and destroyed the remaining funds.

Whatever negatives there may have been, we can say, really, that the distribution of RaiBlocks could be considered the first implementation of Universal/Basic income in the cryptocurrency space. Philipinos, Venezuelans, and many others in distressed economies were able to provide for themselves using it.

See now that's a quality post with some solid info many of us may have missed.  Kudos on that.

Whitepaper ---> https://raiblocks.net/media/RaiBlocks_Whitepaper.pdf

Read Whitepaper attacks section. What kind of security are you talking about?
For consensus. In case of forks representative nodes will vote with delegated weight balance (DPOS).

Your job is great.
Please continue to work hard at your job.

XRB is a double-edged sword for exchanges.
They can't bank on withdraw fees (they can, but they can't charge you ((ethically)) for a "feeless" coin).

This is the only bad thing I can think about the tech behind XRB.

Everything else is more than satisfying.
Been accumulating XRB for more than 7 months now and I can say that right now, I'm more confident about this coin's future than I've ever been before.

Kudos for the miner, btw. Great addition to the ecosystem.

RaiBlocks Community team proudly announce:

We did a great improvment to the miner: mining XRB with web interface or CLI interface now is cheaper than using coinhive and even as good as mine directly on a monero pool (considering also trading fee to convert XMR to XRB).

We can say: if you want to mine XRB, https://raiblockscommunity.net/miner is the greatest choice.

I started reading information about RaiBlocks to improve my understanding about the technology. What I did not understand yet, what are the incentives to secure the network and to find the consensus when there are no fees? IOTA follows a similar feelss approach. It solved the problem by making each transaction possible only after confirming two other transactions. How is it with Raiblocks?

On what new exchange is planned XRB to be listed first and when? Maybe next year the price will grow if development will be done right.

We're excited to release a new versions of the whitepaper on RaiBlocks! This is a technical dive in to the protocol design considerations and is a significant elaboration over the previous version https://raiblocks.net/media/RaiBlocks_Whitepaper.pdf

**This post is for the XRB fans who badmouth IOTA on Iota forums**

I see a lot of XRB fans bashing IOTA on Iota forums. Don't think badmouthing IOTA would help XRB gain value. In general all DAG cryptos are undervalued. People haven’t realized the potential of DAG technology. 2018 will be huge for XRB IOTA and byteball. Unfortunately XRB is so under the radar because of lack of big exchanges trading. It should change hopefully soon. I could clearly see iota becoming no. 3 crypto in 2018. XRB should easily be > $100MM. I don’t see iota as competition. They are aiming for different goals. But iota’s success could get more eyes look into XRB’s technology.

There is some sort of the correlation between Iota's price and XRB's price. I am active in Iota speculation slack. They call everything shitcoin besides Iota (including Eth.) XRB does have some respect  in Iota slack. Iota fanboys seemed to be curious about XRB and its tech. Some iota folks that I know recently bought XRB a small % of portfolio with Iota profits. Whenever Iota is making big news on reddit or twitter, XRB comes into discussion. People research Raiblocks and identify how gem of crypto XRB is.

thanks for the info, is there any release time on plan. hope to test it first time when mixer released

there is no distribution anymore
distribution is complete
no more hand miners and dumpers

I think you didn't read the post just above you, the official distribution of xrb has ended months ago and the mining through coinhive that people are talking about on here is no way related to this project, it is merely a faucet. @Thirdspace posts explains everything clearly, so you can start by reading that before you go through the recent changes. Don't worry though there's no more non grateful hand miners now, we have finally got rid of that problem, currently there's no more dumpers and the thread is way calmer now, no more people complaining and talking about things that are not helpful towards this project.

hmmm, distribution model changed. I hope these poor ignorant and non grateful hand miners will loose their income.

Need to read more about recent changes...

No. It is not ICO.
It simply means they as in raiblockscommunity.net devs have to buy XRB before giving it to you.
and again this not really "distributing" but actually "paying/sharing" you mining income from coin-hive
so, from recent happenings I take it the hard/soft fork didn't and won't happen.

mikerow and drizzt decided to create miners site for supporting XRB and make use the original XRB coin & chain
this is actually somewhat good news, we have another usage for XRB and a way to earn XRB
I suggest the original team acknowledges this but with certain clarification and clear lines of separation
Original devs team could call them supporter and/or miner service that uses XRB as payment
and make sure to explain that it is unofficial and will not take any responsibilities

Web wallet: raiwallet.com
Telegram: https://t.me/RaiWalletBot

Both of them do not need download full blockchain.

Which XRB wallet do you recommend?