Topic: [ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments - page 607. (Read 775172 times)

So remove the faucet from the equation, do you really think that selling the coins on a daily biding is the best solution, I mean even me, that don't have much experience can realize the opportunities that this method open for a guy or a group of guys with some economical power, to take control of the coin price, that would be even worse that the problem with the guys hiring slaves to captcha-mine the coins from the faucet.
People need to be able to spend this coin in something otherwise they will keep dumping it for BTC. This is the real problem now even de DEV want to get BTC for his Mrai (I'm not saying this is wrong) but following that road will make this coin just one more pump and dump game for the big players.
Look the coin is cool, transactions are in real time just for 2 or 3 second of high cpu usage that is a huge improvement in this medium, in the short time I have been in crypto I have tried at least 100 different wallets and this is the more efficient and simple that I have used, beside is something new not a fork with some "cool new feature".
You have a lot off potential here and they are being pale for a bad decision on the distribution, just put a faucet like a bitcoin faucet that give you bitcoins but don't worth the time spent that way you get rid of the faucet problem if you want I can take care of every single person that post "when the faucet will be up again" I spend the whole day in the computer so it would not be a problem to do that, and if the dev want to earn money he can sell packets of coins at a fixed price so people can spend it knowing exactly the value of what they are spending not buying some service for 100 Mrai just to see the next day the price went to 0.01 BTC and realize he just spend to much.

sorry for mine as well.

Yeah if we can reach some consensus then it should be good and a mutual agreement between a majority. and also remind people , if someone hires an army of workers , you tell those workers why the faucet is down and let em spam msg the dev to death . also community work on everyones part that is interested in the project

Yes maybe dev can reducing faucet reward..

Because i'm not trader.. i'm worker-miner..

sorry for my poor temper man.

now seems we are still in discussion proper way to a fine-tuned distribution.

hope the new mode will be handled properly, as i can foresee this coin will certainly be disruptive before and after landing on Exchange.

Would it be possible to have an adaptive faucet with changing numbers depending on demand of the coin

there is no way to make it perfect and last the full 24 hours , but having the faucet distribute a specific number of coins on each request depending on how busy and how many requests it gets in say an hour , or the the day before .

if the faucet on day one empties in 12 hours , then half the reward , if there are still some coins left in the faucet on day 2 because it didnt quite reach as many the second day , increase slightly to reflect demand.

this is part of the discussion , i think a big reason for saying screw it to the faucet in some part was whenever it ran out of the days coins , the sheer number of people demanding it be "fixed" when it simply had run dry , consuming so much time for the dev that is was making working on the coin almost impossible, a services thread is a good idea, i also think that once the dev has finished his work on making it more user friendly by that i mean intergrateable into exchanges and websites so users can use it or develop with it then there will be a good amount of demand.

we either need to all agree , everyone who has been involved in today's events to remember this and to tell each all newcomers , "listen the faucet is empty there is a limited number a day"

or try a different mixed solution to keep more people happy as the amount of complaints of people not being able to click captchas all day while only a few people were claiming the majority, they were growing each day with frustration .

i  disliked the faucet idea for many reasons, including the dev doing all the hard work while a few (many that have no interest in the tech of the coin) find ways to make profits out of it.

gets worse when those riding on the devs work almost demand he give them constant free money.

starting off a freely distribution coins then flipping to ICO is worse though, i could go on forever with that.

there is a proper an legal way to do a ICO which i will eventually go through directly with the dev (just typing post in between a crazy busy week). its alot of work and i'd only approach that if you're thinking properly big.

many have done, under the radar, with little legal knowledge/advice, ICOs via this forum where devs have made serious money, yes, but sooner or later many are going to find themselves in serious hot water.

i get where the devs initial concept of slow free distribution (to replicate mining distribution) is coming from, and yes ideally great idea, but the executions are killer.

How about this? although with this new distribution method I think the price will have a lot of manipulation, but I don't have the knowledge or the experience that other users have shown in their comments so I prefer to stay away of that subject.

It shouldn't be a problem we should be able to understand the point you are getting at.


agreed , But i think that maybe we consider halting the auction , it was an almost near unanimous decision whenever mentioned and i think is a safe bet to agree upon from previous comments that , that might be the best option for now

Right. Let's continue the discussion once they wake up and know what they're thinking about. My simple and best suggestion is to simplify the distribution and not worry too much about it. It's a better way to concentrate on development. Let's see what others say.

yes it is disappointing , everyone will shout and scream that a certain idea is a bad idea but when it comes to coming up with a solution to be better and more fairer for all and making the most people happy there is a lack of suggestions, but there are i think constructive comments that are helpful from you and a few others as well a few pages back , they could of gone to sleep

If i can write good english i want involved too.. english not my no.1 language..

But i thanks to jibble.. i trade many time on his thread.. with no charge..

That's nice, you have managed your first exchange thread. Everything starts from little before turning to a major thing. All your ideas in here are good for the dev. I'm reading your posts. But still now, you're the only one, writing and contributing to this coin.

It definitely should have finished trades, some people wish to trade in private and some have asked me personally not to post certain things and its also my first time making a trade thread and i was just following the format of the first one i could find , which didn't show previous trades either.

I know and i thank you for your opinions on the matter, i also want to reach a mutual agreement between community and Dev and i have almost never used the word FUD and would definitely not Label anything you have said as such.

That's great , yeah i read the post and he is right , it is impossible to please everyone , i think its about trying to find the best balance thou so the ones who agree drown out those that disagree and while i am not in huge favor of auction style set up, i am not going to scream it down , but i agree that the disagree certainly in this concentration hugely outweigh the agree so a balancing act is in order.

I think the anger shows some of them are interested in the project and it has converted people over to the project even if they begun as just faucet collectors, i mean it was good pay for them , but they would do other jobs and i don't think they would show this amount of anger at a simple missed opportunity for some extra cash instantly and that they were and felt invested in the project itself and in their eyes it was changing and dying before their eyes. So the intensity of anger i think was great than just a single miss opportunity and that of converts to the coin and technology it could soon offer.

I think a multi pronged attack would be the most beneficial , you can really annoy someone and make them lose interest in a project if you completely remove some feature , but making that feature slightly less rewards and offering 2 features, while slight annoyance that they will get slightly less , usually will understand with valid reasons for such a move. It also deals with multiple groups of people as there are a varied amount of complaints, like people not having the time to just solve captchas so if they wanted some way to leave their computer on while they work , they could also claim some , so cover both those who can and cant captcha.

I would think a 3 way split would be most beneficial maybe but i don't know of a third idea that would help dis-spell the anger and perhaps even bring people in from different areas of the internet or crypto  

Well, if trading would have happened, you should write a third column stating finished trades. Do exchanges hide finished trades?
I'm posting all this because of the concerns I have. All my concerns and questions are to support the dev towards perfection not FUD.

1. BOINC atleast helps for some purpose. This is very similar to POW
2. Faucet distribution has no better alternative to block all these blackhatters. You should simply ignore those concerns, if you're continuing with the method.
3. Once you decide to distribute by faucet method, you shouldn't care about who are buying and how are they buying. You're a coin creator, they're traders. Traders always try to find their ways for profit. If devs develop concern about traders insights, then they can not develop a good coin. None of the community members ask you to create a coin, burn your time, funds for captcha-claimers. You're deciding it on your own, and you have done it that way. No one is going to stop you with your opinion.
4. You can not compare the sales of the coin your way. Auctioning your own coin means you have created a coin and you're auctioning it for your own profit. This means you want to take the profit from the coin. You don't want the community to use, trade and profit/loss from your coin.
5. Why do you think about the captcha clickers and people buying from them. It is not the part of the dev. That's their own problem. If you concern about their profit making methods, then it is clear that you want to make money and not them.  
6. Still now, you're not thinking about the people who want to hold and use for the real purpose of the coin. You're simply thinking about the trading/money making methods. Why should a dev should concern about the money? If you want money, you can properly put it in the way. That's my point.
7. I could see, only one member is backing you all the time. However, you are free to test all waters.

My best idea is first list this coin on an exchange. Whatever the coins innovation, you can get the real price of the coin. A coin's price can not be predicted by 10 or 15 people. I still believe, the coin is overpriced here. If it hits an exchange, it will not trade more than 5 ? satoshis. if people start to see the real price, then they don't come to your faucet and increase the load. Only real people who wants to hold the coin for long time, can only use the faucet.

Besides, the simplest and honest way is to turn on POW/POS concept. Don't care about who mine it, how much they mine it. Use your time in development. If you want dev funds, do an ICO for a percent of the coins.

I'm definitely interested if anything could be agreed upon, I think someone pointed out earlier that he's seen countless threads discussing different methods with no conclusion and everyone unhappy.

There are people who are interested in the tech and see the possibilities, I think many from the weekend influx and outflux from the faucet being turned off were never really that interested. Maybe some though, we'll see.

I resent that statement!!

I'm joking, but in all honesty there has been quite a bit of trade on that thread, or at least i assume there has , i get frequent private msgs for the removal of apparently filled orders and have bought and sold some myself and the risky2 fellow i am escrowing for.

Most of the questions you have asked have already been answer in the previous pages but yes some haven't and your right about if doing an auction for maximum benefit it should of been conducted differently . Thanks for you opinions and i hope you can join in the discussion of trying to find the best solution

thanks for your opinions , are you willing to change to some other method instead of the auction if some form of semi mutual consensus is reached here in the forum?

Is there any possible multi pronged method , that can cater to multiple people option ? i ask because something too complex would obviously take time away from you and your work on the coin , but might also lead to more complaints but i think it might be more beneficial , like a random example, some people have plenty of time, some have non , some have hardware some have simple internet

so 1/3 faucet
1/3 bionic
1/3 something else

If any agreement is made today and implemented then you have a huge amount of people who have joined the discussion and agreed to something, so anyone in the future complaining the faucet is not working and there has been an agreement of , "it gets topped up once a day and that's it" you will now have a small army of people that can tell people straight away the situation and help with those sorts of things, because i dont think many people were aware of it before