Topic: [ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments - page 629. (Read 775172 times)

You can sell your Mrai here if you want -> http://raiutility.btcprojects.com/sell

This is my website

I have 2 questions.
According to Distribution scheldule, we hae to complele 50% in first year and only few months left in first year and we are only 2.8% distriputed.
Is it time to increase the faucet to 1000 or 500 each claim so that we may reach the target and also benefit the early adotpters ?

Distribution schedule:
Year 1: 2^127 50%
Year 2: 2^126 25%
Year 3: 2^125 13%
Year 4: 2^124 6.3%
Year 5: 2^123 3.1%
Year 6: 2^122 1.6%
Year 7: 2^121 0.8%
Year 8: 2^121 0.8%

Question no 2:
So when this will really be on the exchanges ? once all distribution is done ?? after 8 years ?? 2024 ?

i got 50k MRAi to sell any one interested please pm your best offer!

There is pretty cool tech behind this coin. And I must admit, I like the way it is distributed - if you think of it in terms of traditional pow:
- 'miners' are in fact people getting it off the faucet
- proof of work == 'miners' need to go to web faucet and 'waste' their resources (TIME) to mine (GET) new coins
- reward in coins 'miners' get is decreasing, and time needed to get those coins is increasing simulating increase in numbers of miners interested and thus in resources growth (aka 'miners' numbers and their resource 'wasting' growth in pow mining)

Key resource to consume to get the coins == TIME

This is similar to any pow yet much less wastefull, centralized and pretty honest and democratic, because:
1) no matter how much money you have
2) no matter how many expensive hardware or bots you are running
There is only one resource that can get you more coins and that is time - well unless someone hacks the site or games the system of course

And as we all know, time is one of the only few resources you can't BUY/STEAL/MANUFACTURE/CHEAT and also the one, we always have not enough of all the 'time' - so in that sense, Rai distribution is pretty well thought through. My respect to devs!

PS: And I guess because time is the main resource, I can see price will rocket from those few satosthis, because people ('miners') will soon demand higher reward (e.g. in BTC) for their time wasted by mining

Of course you can send. When you select account it automatically puts the address in the clipboard. Are you sure that changing accounts isn't just making it send to itself?

What is the problem exactly?

No it wont , 1 year 50% of coins distributed ,
its been more than 6 months and only 9million have been distributed , now i agree the more popular the coin gets the faster it will deplete the faucet but you don't determine live upto date value of coins including coins that have not been distributed yet, you don't include all 21 million bitcoins

and 300 million? at 100 satoshi that's 300 btc .........your math is wayyyy off

You have to take into consideration the total supply of 300M MRAI as it will go pretty quickly. At least half of that. So really it's more like roughly 1000BTC market cap at the moment.

Ok whatever works, somebody has to scrutinize your project. 

"twin brother" 

Indeed, we are brothers! Although, I only handle web-application concerns. I'm here to help with anything related to the website, so you'll see me in here from time-to-time.

This!

mate, isn't that what is free market about ? Let it decide, do not make hasty assumptions. This coin will slowly find its price base on supply and demand, usability, adoption etc. I and some others just think, that price of this coin and underlying tech will be worth much more in the future. So I have aligned my bid around my own assessment. (I've been following Colin's work for quite some time and I believe he brings absolutely new concepts into this industry - e.g. balances, individual/account chains, udp packet sized tx etc.)

wlemahieu: are you related to clemahieu? why use a new username now? makes people think 

It's okay, I can help explain.

You don't ever need to close your browser for this.  You just need to wait 1-minute after each success. If you close your browser, there is still a 1-minute timer for you on any new windows or tabs.

If you use Chrome Incognito OR if you clear your cache & cookies, you must still wait 1-minute before the Free Rai form will work again.

Does that help?

Please name such coins and their TOTAL current market cap , Qora is 100% uniquely coded and under 100 satoshi but it has 2 billion coins...........

There's already coins established with brand new code and an already established community, some of them are below 100 satoshi and others just above it.

So yes 100 satoshi for rai this is still too expensive.

When are you going to implement that GPU module into the website?

This is the testing phase , its been in testing and been being tested for like 8 months now . For a 100% uniquely written crypto currency , i would say its market cap is more than 3500 dollars .

i agree with you whit foucet people with good techincal knowledge will abuse,but price 100 sat is very very cheap ! and  just look at serius coin on coinmarket with same total coin , how much you pay...than you can easy realize at the moment 100 sat is not much!

for an untested coin and concept = yes