[ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments - page 618.

kelsey

legendary

Activity: 1876

Merit: 1000

Quote from: jennywhzz on April 03, 2016, 08:22:07 AM

The Faucet is Off currently. I guess again the Claim rate is increasing ? any ideas...May 500Mrai every 10 mins ?

yes i think it maybe off with the rate of distribution last 24hrs well above whats needed. however simple math will tell you that 500 every 10 mins won't improve the situation now plenty have come on board.

hakanbalta577

sr. member

Activity: 406

Merit: 250

Is there any problem to transfer ? I tried and I'm waiting it too. Cry

jennywhzz

sr. member

Activity: 415

Merit: 250

The Faucet is Off currently. I guess again the Claim rate is increasing ? any ideas...May 500Mrai every 10 mins ?

joywon

sr. member

Activity: 292

Merit: 250

I'm buying at 170 satoshi each, PM me!

jrpatking

full member

Activity: 126

Merit: 100

Quote from: kelsey on April 03, 2016, 08:03:04 AM

Quote from: jrpatking on April 03, 2016, 07:42:36 AM

What is the point of hitting an exchange before the distribution ends? This is a slow distribution, but is a complete premine right? With current ratio, it would take 97 days to distribute the coins. 97 days of distribution also includes, turning off faucet for sometime daily and maintaining the current 200 MRAI per 5 minutes limit.

the plan is to distribute the coin over 8 years

https://github.com/clemahieu/raiblocks/wiki/Distribution-and-Mining

This is a kind of very complicated distribution algorithm. However, I'm just thinking, the dev's ideas to contribute for the coin. This is one of the collectable coins for the future. "Now" is the time to collect and hold. People who dump now are real losers.

jrpatking

full member

Activity: 126

Merit: 100

Quote from: kelsey on April 03, 2016, 07:55:18 AM

Quote from: jrpatking on April 03, 2016, 07:50:57 AM

Quote from: kelsey on April 03, 2016, 07:48:31 AM

Quote from: jrpatking on April 03, 2016, 07:44:28 AM

Quote from: cyberhacker on April 03, 2016, 07:34:16 AM

How about turn to IPO with left over coins.

in that way, dev will get some funds well deserved, and I will save some time avoid those fucking 2fa. Cool

Dev must reserve a percent of the coins as dev pay/dev fund. IPO may not be a viable option at this point. I strongly suggest to keep this as it as with a percent of dev fund.

again this is equally a bad idea and goes against the reason for p2p currencies to be envisaged in the first place. people need to learn crypto 101 and why they came about.

Can you give me the link to crypto 101 thing? I can try to learn the basics of the 101 things. I do think that devs must reserve some funds for their hard work and time they put to bring the coin.

p2p currency were invented to take the money changes out of the equations; the people that create the money (ie fiat banks/gov) should not be taking their cut.

thats why crypto purest hate premine, however the dev is free to mine in the same fashion a the rest of us, and also there nothing wrong with anyone gifting the devs coins.

Well, I accept the point of gifting dev coins. I hope the dev is also mining the free coins as all are doing. I now understand about the p2p currency's basic point. However, still I'm looking to know the rest of the crypto 101.

- SpaceMan

newbie

Activity: 56

Merit: 0

Quote from: ?? on ??

Quote from: - SpaceMan on April 03, 2016, 08:03:21 AM

Quote from: Krista on April 03, 2016, 07:59:29 AM

Something the steel faucet will often disconnect.

Do you know when it will be up again?

the faucet will be normal soon..

I hope so..

- SpaceMan

newbie

Activity: 56

Merit: 0

Quote from: Krista on April 03, 2016, 07:59:29 AM

Something the steel faucet will often disconnect.

Do you know when it will be up again?

kelsey

legendary

Activity: 1876

Merit: 1000

Quote from: jrpatking on April 03, 2016, 07:42:36 AM

What is the point of hitting an exchange before the distribution ends? This is a slow distribution, but is a complete premine right? With current ratio, it would take 97 days to distribute the coins. 97 days of distribution also includes, turning off faucet for sometime daily and maintaining the current 200 MRAI per 5 minutes limit.

the plan is to distribute the coin over 8 years

https://github.com/clemahieu/raiblocks/wiki/Distribution-and-Mining

Krista

sr. member

Activity: 463

Merit: 250

Something the steel faucet will often disconnect.

kelsey

legendary

Activity: 1876

Merit: 1000

Quote from: jrpatking on April 03, 2016, 07:50:57 AM

Quote from: kelsey on April 03, 2016, 07:48:31 AM

Quote from: jrpatking on April 03, 2016, 07:44:28 AM

Quote from: cyberhacker on April 03, 2016, 07:34:16 AM

How about turn to IPO with left over coins.

in that way, dev will get some funds well deserved, and I will save some time avoid those fucking 2fa. Cool

Dev must reserve a percent of the coins as dev pay/dev fund. IPO may not be a viable option at this point. I strongly suggest to keep this as it as with a percent of dev fund.

again this is equally a bad idea and goes against the reason for p2p currencies to be envisaged in the first place. people need to learn crypto 101 and why they came about.

Can you give me the link to crypto 101 thing? I can try to learn the basics of the 101 things. I do think that devs must reserve some funds for their hard work and time they put to bring the coin.

p2p currency were invented to take the money changes out of the equations; the people that create the money (ie fiat banks/gov) should not be taking their cut.

thats why crypto purest hate premine, however the dev is free to mine in the same fashion a the rest of us, and also there nothing wrong with anyone gifting the devs coins.

cyberhacker

legendary

Activity: 1330

Merit: 1000

sorry to propose some immature advice for such a great project.

just let it be what it is now.

this coins goes for democracy and innovation!

jrpatking

full member

Activity: 126

Merit: 100

Quote from: kelsey on April 03, 2016, 07:48:31 AM

Quote from: jrpatking on April 03, 2016, 07:44:28 AM

Quote from: cyberhacker on April 03, 2016, 07:34:16 AM

How about turn to IPO with left over coins.

in that way, dev will get some funds well deserved, and I will save some time avoid those fucking 2fa. Cool

Dev must reserve a percent of the coins as dev pay/dev fund. IPO may not be a viable option at this point. I strongly suggest to keep this as it as with a percent of dev fund.

again this is equally a bad idea and goes against the reason for p2p currencies to be envisaged in the first place. people need to learn crypto 101 and why they came about.

Can you give me the link to crypto 101 thing? I can try to learn the basics of the 101 things. I do think that devs must reserve some funds for their hard work and time they put to bring the coin.

kelsey

legendary

Activity: 1876

Merit: 1000

Quote from: jrpatking on April 03, 2016, 07:44:28 AM

Quote from: cyberhacker on April 03, 2016, 07:34:16 AM

How about turn to IPO with left over coins.

in that way, dev will get some funds well deserved, and I will save some time avoid those fucking 2fa. Cool

Dev must reserve a percent of the coins as dev pay/dev fund. IPO may not be a viable option at this point. I strongly suggest to keep this as it as with a percent of dev fund.

again this is equally a bad idea and goes against the reason for p2p currencies to be envisaged in the first place. people need to learn crypto 101 and why they came about.

jrpatking

full member

Activity: 126

Merit: 100

Quote from: cyberhacker on April 03, 2016, 07:34:16 AM

How about turn to IPO with left over coins.

in that way, dev will get some funds well deserved, and I will save some time avoid those fucking 2fa. Cool

Dev must reserve a percent of the coins as dev pay/dev fund. IPO may not be a viable option at this point. I strongly suggest to keep this as it as with a percent of dev fund.

jrpatking

full member

Activity: 126

Merit: 100

What is the point of hitting an exchange before the distribution ends? This is a slow distribution, but is a complete premine right? With current ratio, it would take 97 days to distribute the coins. 97 days of distribution also includes, turning off faucet for sometime daily and maintaining the current 200 MRAI per 5 minutes limit.

kelsey

legendary

Activity: 1876

Merit: 1000

Quote from: cyberhacker on April 03, 2016, 07:34:16 AM

How about turn to IPO with left over coins.

in that way, dev will get some funds well deserved, and I will save some time avoid those fucking 2fa. Cool

because this crypto could be something, and ICO would ruin that, as ICO goes against the whole point of p2p currencies, though thats lost on the btt crowd that supports all these scam ICOs

cyberhacker

legendary

Activity: 1330

Merit: 1000

How about turn to IPO with left over coins.

in that way, dev will get some funds well deserved, and I will save some time avoid those fucking 2fa. Cool

skywen

sr. member

Activity: 259

Merit: 250