[ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments - page 605.

hakanbalta577

sr. member

Activity: 406

Merit: 250

Quote from: Flomess on April 05, 2016, 08:34:10 AM

Quote from: hakanbalta577 on April 05, 2016, 08:28:54 AM

Quote from: Flomess on April 05, 2016, 08:24:19 AM

There should be a way to block the BTCs that one puts into his bid; some kind of escrow that holds the bids i guess... if i were to be the highest bidder, i whould never pay, since 6 people are getting way better prices.

How can it happen especially there will be maybe hundreds bids in the last minutes?

I.E. Sending the btc to an escrow address is considered a bid; losing bids will be returned.

So noone can make 10 or 20 bids in the last minutes? Where is the aucation?

Flomess

hero member

Activity: 705

Merit: 500

Quote from: hakanbalta577 on April 05, 2016, 08:28:54 AM

Quote from: Flomess on April 05, 2016, 08:24:19 AM

There should be a way to block the BTCs that one puts into his bid; some kind of escrow that holds the bids i guess... if i were to be the highest bidder, i whould never pay, since 6 people are getting way better prices.

How can it happen especially there will be maybe hundreds bids in the last minutes?

I.E. Sending the btc to an escrow address is considered a bid; losing bids will be returned.

hakanbalta577

sr. member

Activity: 406

Merit: 250

Quote from: Flomess on April 05, 2016, 08:24:19 AM

There should be a way to block the BTCs that one puts into his bid; some kind of escrow that holds the bids i guess... if i were to be the highest bidder, i whould never pay, since 6 people are getting way better prices.

How can it happen especially there will be maybe hundreds bids in the last minutes?

Flomess

hero member

Activity: 705

Merit: 500

There should be a way to block the BTCs that one puts into his bid; some kind of escrow that holds the bids i guess... if i were to be the highest bidder, i whould never pay, since 6 people are getting way better prices.

xaker74

hero member

Activity: 1016

Merit: 502

5 pages already written, wow ) I was just going to offer another method: some change difficulty like

a btc or another altcoin, any X hours or any X blocks, when be a smaller, or bigger on a captcha reward / time to reward.

Pimpmycoin

hero member

Activity: 595

Merit: 500

non può fare dump per sempre

lol now is a 100% premined coin dumped on the market by the dev

congrats Roll Eyes

hakanbalta577

sr. member

Activity: 406

Merit: 250

Quote from: 3worlduser on April 05, 2016, 06:53:44 AM

Quote from: jibble on April 05, 2016, 06:46:39 AM

Quote from: 3worlduser on April 05, 2016, 06:41:33 AM

even in fair condition is not an easy way for people to get this coin you will change them of clicking the captchas for waiting stick to the computer screen to the last minutes of the daily auction to offer a bid 1sat higher than the other guys

very true i don't think i looked too deeply into the mechanics of auctioning especially in the google group format or the ebay style rush 10 minutes before every auction .

I did suggest the auction get cancelled/put on hold for the moment since that is the only almost unanimous decision the community i think would agree on by a big majority

And what about all those captcha-miner, and slave recruiter who are upset with the decision, I mean how difficult would be for them to hijack the auction every day, how about create 7 gmail accounts and place exorbitant bid just to piss off the DEV, it is childish but I'm sure that somebody with plenty of time to solve captchas will have plenty of time to do something like that

You are pointing really good parts of situations which can be happened in the future. Thanks.

3worlduser

sr. member

Activity: 306

Merit: 250

Quote from: jibble on April 05, 2016, 06:46:39 AM

Quote from: 3worlduser on April 05, 2016, 06:41:33 AM

even in fair condition is not an easy way for people to get this coin you will change them of clicking the captchas for waiting stick to the computer screen to the last minutes of the daily auction to offer a bid 1sat higher than the other guys

very true i don't think i looked too deeply into the mechanics of auctioning especially in the google group format or the ebay style rush 10 minutes before every auction .

I did suggest the auction get cancelled/put on hold for the moment since that is the only almost unanimous decision the community i think would agree on by a big majority

And what about all those captcha-miner, and slave recruiter who are upset with the decision, I mean how difficult would be for them to hijack the auction every day, how about create 7 gmail accounts and place exorbitant bid just to piss off the DEV, it is childish but I'm sure that somebody with plenty of time to solve captchas will have plenty of time to do something like that

jibble

hero member

Activity: 924

Merit: 1000

Quote from: 3worlduser on April 05, 2016, 06:41:33 AM

even in fair condition is not an easy way for people to get this coin you will change them of clicking the captchas for waiting stick to the computer screen to the last minutes of the daily auction to offer a bid 1sat higher than the other guys

very true i don't think i looked too deeply into the mechanics of auctioning especially in the google group format or the ebay style rush 10 minutes before every auction .

I did suggest the auction get cancelled/put on hold for the moment since that is the only almost unanimous decision the community i think would agree on by a big majority

3worlduser

sr. member

Activity: 306

Merit: 250

Quote from: jibble on April 05, 2016, 06:31:26 AM

Quote from: 3worlduser on April 05, 2016, 06:23:54 AM

Quote from: jibble on April 05, 2016, 06:14:52 AM

Quote from: 3worlduser on April 05, 2016, 06:04:46 AM

Quote from: jibble on April 05, 2016, 05:50:56 AM

Quote from: 3worlduser on April 05, 2016, 05:43:14 AM

And what is the DEV position about this issue, in the first place he made the auction without asking anybody, and the only explanation he gave was that "some people found the captcha to complicated and that an auction was the simple way to distribute the coin, and the only difference was that the BTC were for him and not for captcha-miners"....is the same guy that wanted to distribute to the maximum number of people? that didn't wanted his coin to be monopolized? how an auction help a coin to not be monopolized, if it will just be on the hands of the guys with more economical power?

one of his main issues was , the amount of time and effort that distracted him away from developing , it was a full time job just keeping the website and faucet functioning , then add onto that 50 angry faucet solvers complaining when the faucet dried out cos the daily amount in the faucet was claimed , i think it might of be an "ah fuck it moment"

he was spending all his time trying to do right by people , causing him not to be able to actually code for the coin and even then it was constant complaints , i think he choose it for the easy less trouble option , so he could get back to work coding

so he decided to monopolize the coin so that he get daily profit and leave the control of the coin to the 7 guys with more money. I just don't understand how that fit in an equal distribution?

I am not condoning auctioning but it wouldn't always be the same 7 people buying the blocks , it would be 7 blocks a week and would likely of ended up more diluted and shared more than if faucet remained the way it was going .

come on how hard is to create a couple of gmail account and push the bids up? how hard would be to someone with enough money to buy all the coins for a week put high bids the next one and sell all his coins on a secondary market and then magically erase the bid on the forum? that kind of price manipulation is what I'm talking, and all this behind the transparency of a google forum

you have a good point , i was focusing solely on the auction under fair conditions but you are right it can be very very easily manipulated

even in fair condition is not an easy way for people to get this coin you will change them of clicking the captchas for waiting stick to the computer screen to the last minutes of the daily auction to offer a bid 1sat higher than the other guys

jibble

hero member

Activity: 924

Merit: 1000

Quote from: 3worlduser on April 05, 2016, 06:23:54 AM

Quote from: jibble on April 05, 2016, 06:14:52 AM

Quote from: 3worlduser on April 05, 2016, 06:04:46 AM

Quote from: jibble on April 05, 2016, 05:50:56 AM

Quote from: 3worlduser on April 05, 2016, 05:43:14 AM

And what is the DEV position about this issue, in the first place he made the auction without asking anybody, and the only explanation he gave was that "some people found the captcha to complicated and that an auction was the simple way to distribute the coin, and the only difference was that the BTC were for him and not for captcha-miners"....is the same guy that wanted to distribute to the maximum number of people? that didn't wanted his coin to be monopolized? how an auction help a coin to not be monopolized, if it will just be on the hands of the guys with more economical power?

one of his main issues was , the amount of time and effort that distracted him away from developing , it was a full time job just keeping the website and faucet functioning , then add onto that 50 angry faucet solvers complaining when the faucet dried out cos the daily amount in the faucet was claimed , i think it might of be an "ah fuck it moment"

he was spending all his time trying to do right by people , causing him not to be able to actually code for the coin and even then it was constant complaints , i think he choose it for the easy less trouble option , so he could get back to work coding

so he decided to monopolize the coin so that he get daily profit and leave the control of the coin to the 7 guys with more money. I just don't understand how that fit in an equal distribution?

I am not condoning auctioning but it wouldn't always be the same 7 people buying the blocks , it would be 7 blocks a week and would likely of ended up more diluted and shared more than if faucet remained the way it was going .

come on how hard is to create a couple of gmail account and push the bids up? how hard would be to someone with enough money to buy all the coins for a week put high bids the next one and sell all his coins on a secondary market and then magically erase the bid on the forum? that kind of price manipulation is what I'm talking, and all this behind the transparency of a google forum

you have a good point , i was focusing solely on the auction under fair conditions but you are right it can be very very easily manipulated

TheBomber999

legendary

Activity: 1274

Merit: 1001

"shh, he's coding..."

IMHO, These auctions likes a dump in exchange by dev

3worlduser

sr. member

Activity: 306

Merit: 250

Quote from: jibble on April 05, 2016, 06:14:52 AM

Quote from: 3worlduser on April 05, 2016, 06:04:46 AM

Quote from: jibble on April 05, 2016, 05:50:56 AM

Quote from: 3worlduser on April 05, 2016, 05:43:14 AM

And what is the DEV position about this issue, in the first place he made the auction without asking anybody, and the only explanation he gave was that "some people found the captcha to complicated and that an auction was the simple way to distribute the coin, and the only difference was that the BTC were for him and not for captcha-miners"....is the same guy that wanted to distribute to the maximum number of people? that didn't wanted his coin to be monopolized? how an auction help a coin to not be monopolized, if it will just be on the hands of the guys with more economical power?

one of his main issues was , the amount of time and effort that distracted him away from developing , it was a full time job just keeping the website and faucet functioning , then add onto that 50 angry faucet solvers complaining when the faucet dried out cos the daily amount in the faucet was claimed , i think it might of be an "ah fuck it moment"

he was spending all his time trying to do right by people , causing him not to be able to actually code for the coin and even then it was constant complaints , i think he choose it for the easy less trouble option , so he could get back to work coding

so he decided to monopolize the coin so that he get daily profit and leave the control of the coin to the 7 guys with more money. I just don't understand how that fit in an equal distribution?

I am not condoning auctioning but it wouldn't always be the same 7 people buying the blocks , it would be 7 blocks a week and would likely of ended up more diluted and shared more than if faucet remained the way it was going .

come on how hard is to create a couple of gmail account and push the bids up? how hard would be to someone with enough money to buy all the coins for a week put high bids the next one and sell all his coins on a secondary market and then magically erase the bid on the forum? that kind of price manipulation is what I'm talking, and all this behind the transparency of a google forum

anders lokka

sr. member

Activity: 700

Merit: 250

Fair Distribution = Shut up and give me your fucking btc. Grin

Free faucet distribution has turned into: "how much are you willing to pay? More you pay, more chance to grab mrai"
So fair.....

jibble

hero member

Activity: 924

Merit: 1000

Quote from: 3worlduser on April 05, 2016, 06:04:46 AM

Quote from: jibble on April 05, 2016, 05:50:56 AM

Quote from: 3worlduser on April 05, 2016, 05:43:14 AM

And what is the DEV position about this issue, in the first place he made the auction without asking anybody, and the only explanation he gave was that "some people found the captcha to complicated and that an auction was the simple way to distribute the coin, and the only difference was that the BTC were for him and not for captcha-miners"....is the same guy that wanted to distribute to the maximum number of people? that didn't wanted his coin to be monopolized? how an auction help a coin to not be monopolized, if it will just be on the hands of the guys with more economical power?

one of his main issues was , the amount of time and effort that distracted him away from developing , it was a full time job just keeping the website and faucet functioning , then add onto that 50 angry faucet solvers complaining when the faucet dried out cos the daily amount in the faucet was claimed , i think it might of be an "ah fuck it moment"

he was spending all his time trying to do right by people , causing him not to be able to actually code for the coin and even then it was constant complaints , i think he choose it for the easy less trouble option , so he could get back to work coding

so he decided to monopolize the coin so that he get daily profit and leave the control of the coin to the 7 guys with more money. I just don't understand how that fit in an equal distribution?

I am not condoning auctioning but it wouldn't always be the same 7 people buying the blocks , it would be 7 blocks a week and would likely of ended up more diluted and shared more than if faucet remained the way it was going .

TheBomber999

legendary

Activity: 1274

Merit: 1001

"shh, he's coding..."

Quote from: cryptoboy.architect on March 29, 2016, 08:28:49 AM

I think 475k Mrai per lot is to much

3worlduser

sr. member

Activity: 306

Merit: 250

Quote from: jibble on April 05, 2016, 05:50:56 AM

Quote from: 3worlduser on April 05, 2016, 05:43:14 AM

And what is the DEV position about this issue, in the first place he made the auction without asking anybody, and the only explanation he gave was that "some people found the captcha to complicated and that an auction was the simple way to distribute the coin, and the only difference was that the BTC were for him and not for captcha-miners"....is the same guy that wanted to distribute to the maximum number of people? that didn't wanted his coin to be monopolized? how an auction help a coin to not be monopolized, if it will just be on the hands of the guys with more economical power?

one of his main issues was , the amount of time and effort that distracted him away from developing , it was a full time job just keeping the website and faucet functioning , then add onto that 50 angry faucet solvers complaining when the faucet dried out cos the daily amount in the faucet was claimed , i think it might of be an "ah fuck it moment"

he was spending all his time trying to do right by people , causing him not to be able to actually code for the coin and even then it was constant complaints , i think he choose it for the easy less trouble option , so he could get back to work coding

so he decided to monopolize the coin so that he get daily profit and leave the control of the coin to the 7 guys with more money. I just don't understand how that fit in an equal distribution?

jibble

hero member

Activity: 924

Merit: 1000

Quote from: 3worlduser on April 05, 2016, 05:43:14 AM

And what is the DEV position about this issue, in the first place he made the auction without asking anybody, and the only explanation he gave was that "some people found the captcha to complicated and that an auction was the simple way to distribute the coin, and the only difference was that the BTC were for him and not for captcha-miners"....is the same guy that wanted to distribute to the maximum number of people? that didn't wanted his coin to be monopolized? how an auction help a coin to not be monopolized, if it will just be on the hands of the guys with more economical power?

one of his main issues was , the amount of time and effort that distracted him away from developing , it was a full time job just keeping the website and faucet functioning , then add onto that 50 angry faucet solvers complaining when the faucet dried out cos the daily amount in the faucet was claimed , i think it might of be an "ah fuck it moment"

he was spending all his time trying to do right by people , causing him not to be able to actually code for the coin and even then it was constant complaints , i think he choose it for the easy less trouble option , so he could get back to work coding

3worlduser

sr. member

Activity: 306

Merit: 250

And what is the DEV position about this issue, in the first place he made the auction without asking anybody, and the only explanation he gave was that "some people found the captcha to complicated and that an auction was the simple way to distribute the coin, and the only difference was that the BTC were for him and not for captcha-miners"....is the same guy that wanted to distribute to the maximum number of people? that didn't wanted his coin to be monopolized? how an auction help a coin to not be monopolized, if it will just be on the hands of the guys with more economical power?

MALCOM X X X

sr. member

Activity: 297

Merit: 250

Quote from: mightyghz on April 05, 2016, 05:26:56 AM

reduce faucet rewards in 2-10 times less, and if at the end of the month/week/day plan for distribution won't be done go and sell in auction

I agree with reduce reward.. back to original distribution..

but.. Grin

Topic: [ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments - page 605. (Read 775150 times)