[ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments - page 336.

themathiasmiller

sr. member

Activity: 434

Merit: 254

Quote from: ethantaylor on August 06, 2017, 07:47:43 AM

Hi everyone. Previously, I let someone else to handle my RaiBlocks transactions for me. But that person has stopped his service recently so I have to handle everything by myself from now on.

The first thing I need to do is getting a RaiBlocks wallet. I don't know much about RaiBlocks wallets. I only know that there are official wallet and third party wallets. And I don't know the pros and cons of each wallet at the moment so I would appreciate if experienced people could share some opinions.

So aside from owning the key or not, what are the pros and cons of each RaiBlocks wallet?

Well I've only use two wallets and that's the official raiblock wallet and the raiwalletbot on telegram based on my experience here's what I think:

Raiwalletbot

Pros:
Very easy to use can be use in both mobile phone and a pc
Fast transaction (it takes less than a minute)

Cons:
Has 1 mrai fee when you send mrai to a certain address
Requires a mobile phone and number for verification
You don't own keys of if you happen to lose your phone it will be hard for you to retrieve your coins
And if the bot has a problem there will be a delay in your transactions

Official Raiblock Wallet

Pros:
You own keys so you have full control of your coins
No transaction fees
No need to verify using a mobile phone number

Cons:
It takes a lot of time to seed your wallet sometimes it takes days
More complicated than the raiwallet bot
You can encounter lots of seeding problems

Verdict: If you are a newbie then I suggest you use the raiwallet bot on telegram it's easy to use and transactions are very fast you can receive your coins within seconds but if you want to have a full control of your coins then use the official wallet but I don't recommend it though it takes so much time to receive the coins.

themathiasmiller

sr. member

Activity: 434

Merit: 254

Quote from: RXTRR on August 06, 2017, 04:52:21 AM

Quote from: cimanu on August 05, 2017, 11:01:32 PM

Justify why the price of this crypt should increase at the end of the distribution? Because it's money from the air!

It wouldn't - it will increase now Cool

compare this VS IOTA - only comparable tech available yet we have 1/200th of the marketcap Cool

The sell books are so thin all the way up to 8k satoshi - and if this hits bittrex soon.. my god help it

I doubt the price will increase now cause it's easily available to everyone so most likely lots of "dumps" will happen causing the price to steady at 1k+ satoshi and the wallet is still having problems so I doubt it will hit bittrex soon but I'm hoping that it will though.

ethantaylor

full member

Activity: 280

Merit: 100

Hi everyone. Previously, I let someone else to handle my RaiBlocks transactions for me. But that person has stopped his service recently so I have to handle everything by myself from now on.

The first thing I need to do is getting a RaiBlocks wallet. I don't know much about RaiBlocks wallets. I only know that there are official wallet and third party wallets. And I don't know the pros and cons of each wallet at the moment so I would appreciate if experienced people could share some opinions.

So aside from owning the key or not, what are the pros and cons of each RaiBlocks wallet?

RXTRR

newbie

Activity: 58

Merit: 0

Quote from: cimanu on August 05, 2017, 11:01:32 PM

Justify why the price of this crypt should increase at the end of the distribution? Because it's money from the air!

It wouldn't - it will increase now Cool

compare this VS IOTA - only comparable tech available yet we have 1/200th of the marketcap Cool

The sell books are so thin all the way up to 8k satoshi - and if this hits bittrex soon.. my god help it

cimanu

full member

Activity: 252

Merit: 101

Justify why the price of this crypt should increase at the end of the distribution? Because it's money from the air!

t3ChNo

sr. member

Activity: 714

Merit: 252

Quote from: themathiasmiller on August 05, 2017, 08:41:39 PM

Quote from: george888055 on August 05, 2017, 08:09:42 PM

Quote from: blinkwang on August 05, 2017, 06:52:04 AM

I saw so many people join in mining

i will buy this coin after all the coin have be mined.

I suggest you buy it now while it is still cheap and just hold it until the distribution is done

That's right. Just buy it now while it's cheap. At the end of distribution, for sure the prices will go up.

themathiasmiller

sr. member

Activity: 434

Merit: 254

Quote from: george888055 on August 05, 2017, 08:09:42 PM

Quote from: blinkwang on August 05, 2017, 06:52:04 AM

I saw so many people join in mining

i will buy this coin after all the coin have be mined.

I suggest you buy it now while it is still cheap and just hold it until the distribution is done

themathiasmiller

sr. member

Activity: 434

Merit: 254

Quote from: t3ChNo on August 05, 2017, 08:07:54 PM

Quote from: blinkwang on August 05, 2017, 06:52:04 AM

I saw so many people join in mining

Yes a lot of claimers thinking they can earn a living because of this. More claimers still donates to the devs taking the biggest pie per distribution hour (PER HOUR). The top claimers only gets below 100 XRB while the devs get at least 700. The claimers spends hours for this measly payout that's why they always complain.

https://faucet.raiblockscommunity.net/history.php

The distribution was better before when it was just once per day. At least everyone gets a chance to get a hold of this coin no matter how many captcha claims you did. That was the time when this coin was talked about a lot.

If you want to get a hold of this coin, better get it from exchanges as they're cheap.

Really? That happened?? tsk tsk I hope I already knew about raiblocks when that was the distribution method..right now it's better to buy the coin in exchanges than to actually solve captchas it's just so hard to get xrb now.

george888055

sr. member

Activity: 574

Merit: 250

Quote from: blinkwang on August 05, 2017, 06:52:04 AM

I saw so many people join in mining

i will buy this coin after all the coin have be mined.

t3ChNo

sr. member

Activity: 714

Merit: 252

Quote from: blinkwang on August 05, 2017, 06:52:04 AM

I saw so many people join in mining

Yes a lot of claimers thinking they can earn a living because of this. More claimers still donates to the devs taking the biggest pie per distribution hour (PER HOUR). The top claimers only gets below 100 XRB while the devs get at least 700. The claimers spends hours for this measly payout that's why they always complain.

https://faucet.raiblockscommunity.net/history.php

The distribution was better before when it was just once per day. At least everyone gets a chance to get a hold of this coin no matter how many captcha claims you did. That was the time when this coin was talked about a lot.

If you want to get a hold of this coin, better get it from exchanges as they're cheap.

themathiasmiller

sr. member

Activity: 434

Merit: 254

Quote from: t3ChNo on August 05, 2017, 05:39:54 PM

Quote from: themathiasmiller on August 05, 2017, 03:42:58 PM

Quote from: altcoiner555 on August 05, 2017, 01:02:58 PM

I still don't understand what this coin is for. I don't understand the point of solving captchas, seems arbitrary.

This coin has a lot of potential though it has zero fees,easy to use and its transactions are fast if you don't use their main wallet hahaha anyway what I'm trying to say is this coin is totally undervalued it will not just pump because of the way it is being distributed which is by solving captchas Sad

It's not just the distribution (solving captchas) but the slow syncing of the wallet and the errors people encountered.

Oh yeah that's a big problem too I kind of forget about that probably the number 1 reason why most popular exchanges are not adding the coin.

t3ChNo

sr. member

Activity: 714

Merit: 252

Quote from: themathiasmiller on August 05, 2017, 03:42:58 PM

Quote from: altcoiner555 on August 05, 2017, 01:02:58 PM

I still don't understand what this coin is for. I don't understand the point of solving captchas, seems arbitrary.

This coin has a lot of potential though it has zero fees,easy to use and its transactions are fast if you don't use their main wallet hahaha anyway what I'm trying to say is this coin is totally undervalued it will not just pump because of the way it is being distributed which is by solving captchas Sad

It's not just the distribution (solving captchas) but the slow syncing of the wallet and the errors people encountered.

themathiasmiller

sr. member

Activity: 434

Merit: 254

Quote from: altcoiner555 on August 05, 2017, 01:02:58 PM

I still don't understand what this coin is for. I don't understand the point of solving captchas, seems arbitrary.

This coin has a lot of potential though it has zero fees,easy to use and its transactions are fast if you don't use their main wallet hahaha anyway what I'm trying to say is this coin is totally undervalued it will not just pump because of the way it is being distributed which is by solving captchas Sad

WhiteZer0

newbie

Activity: 37

Merit: 0

Quote from: altcoiner555 on August 05, 2017, 01:02:58 PM

I still don't understand what this coin is for. I don't understand the point of solving captchas, seems arbitrary.

The point of this coin is the lack of fee's. Solving captchas is just a means for an end, distributing the coins as fair as possible, other forms of distributions require capital investment, this just requires an internet connection, a very low-end computer, and your own time, allowing for people all around the world to take a piece of the cake without money.

altcoiner555

sr. member

Activity: 356

Merit: 250

I still don't understand what this coin is for. I don't understand the point of solving captchas, seems arbitrary.

blinkwang

newbie

Activity: 20

Merit: 0

why this called "Cryptocurrency's killer app: RaiBlocks micropayments?"

blinkwang

newbie

Activity: 20

Merit: 0

I saw so many people join in mining

nhutvien

member

Activity: 98

Merit: 10

I can not distinguish C and G same too

minerbro

sr. member

Activity: 415

Merit: 287

I'm glad RaiBlock dev keep changing and improving things Cool

t3ChNo

sr. member

Activity: 714

Merit: 252

Quote from: miramare on August 05, 2017, 04:50:59 AM

Quote from: ekoja on August 05, 2017, 04:48:30 AM

Quote from: cimanu on August 04, 2017, 11:13:56 PM

Dev-s ?
Do you really want to fight bots ? Or ... help them for another 2 years ? ..
Really claymers - no more 2500 ! Threshold - ~5500 ...
Please - make no more than 10 captcha per minute for 1 address !!
I'm sure : the bots should be eliminated then !

Bots won! absolutely.

I predict that the XRB price won't increase largely till the end of distribution.

Obviously that is expected. No free claims for the free loaders. Everything will be circulated in the exchanges.

Topic: [ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments - page 336. (Read 775281 times)