Topic: !<~~~~~[BAT] BatCoin - The Reincarnation [Stay tuned] ~~~~~>! - page 158. (Read 234472 times)

Gentlemen:

I present THE BATSIGNAL REDDIT
http://www.reddit.com/r/batsignal/

Bot authors contact me about how to make your topic bots.

This is an experiment that will inform my FLUX project for a cross chain distributed exchange system built on top of Kevlar's Link.

A poster posts a story (audio, video, text, comic, fiction, non-fiction).
The poster requests a sum in another currency. This is their earnings for finding and posting the story.
The poster reserves a secret amount of batcoins. These will be delivered to the buyer of the story.
Each bot has a category it takes care of. This allows more than one bot to exist for the reddit, and it also gives mod rights to the bot owner to update the wiki on that topic.

Commenters tip the bot that is assigned to the story. The tips are earnings for the bot owner. Each tip is multiplied by 1000. The bot calculates the real time transfer exchange rate (see the link). A proportionate amount is transfered from the buyer to the poster and vice versa. The bigger the tips the faster the exchange. It is conceivable that either the buyer's account or the poster's account may be emptied before the other. If people like stories then the poster is likely to have more in reserve after the buyer runs out. If the buyer wishes to get more from the poster they have to put more up.

Results:
Good stories increase the effective exchange value of Batcoins versus other currencies.
Lame stories decrease the effective exchange value of Batcoins versus other currencies.

Monkey wrenches:
Each tip exchanges more from the buyer and less from the poster. Small tips equal more for the buyer. Large tips equal more for the poster.
People may tip slowly even for a hot story. This allows everyone to influence the price. But in the end, if people want good stories they should tip faster.

The bot will report if there is reserve left. The reserve or deposit may be increased for 72 hours. Neither may be withdrawn until after 72 hours. Might extend this to rolling 72 hour periods.

Caveats:
I may not have the dynamics exactly right, so if you write a bot, I may need to contact you if the calculations or rules change.

Ar3i7KJmMcNxzT8Y3Wun9gR6ncCBUKehV3

Thanks

Thanks

B3ASSygzViM9Yue9XjQkrEPPENN6j4PuNm

30k in my wallet, thanks

i did not wanted to rush with it
but if you already did it, than we all should start voting!

yes 30k he bla bal bla

btwn guys
i just posted on coined up reddit
http://www.reddit.com/r/CoinedUp/comments/1uxfo7/please_add_batcoin/
vote for Batcoin! we should see the BatPlane high high in the sky
will pm Batman to add this to the thread or something like that

once again
you sir, are my hero!

Well then I just have this to say to you.

I pissed them off

Nothing like a little reverse psychology.  Which proves my point further:  do you really want to mine something premined, where coin distribution is managed by people's emotions?

Not as bad as it seems. It's equivalent to 222 blocks, or 5h30 of mining. Not 2 or 3 days

How did you get 100k? I only got 30k, did I miss some giveaway?

So bad we didn't got it on n0nplusultra

Like this:


So, in 26 hours:
- 300k batcoin mined with 900kh/s
- 100k received from giveaway
- 50k received thanks to 1337 block (this was not too hard to get in on, if you used your brain)

Consequently, 33% of what I earned is thanks to premine and fancy coin tricks.  This proves my point that premines and clever tricks never end well.

wow
Congrats to idcray.com  miners than!!
keep it up guys
we are preparing some cool stuff around the corner

bat.idcray.com      got 1337 block
http://bat.n0nplusultra.net  got 1338 block
http://bat.minersbest.com   got 1336 block

grrrrrrrrrrrrrrrrrrr  GW

block jumped from 1336 to 1339 within about 10 seconds, how is this possible?

http://bat.idcray.com:888/index.php?page=statistics&action=round&height=1337

YEAH! Not so lucky...
And who is the winner?