The OS-X Bitmark client has been updated to fix a minor bug, it also includes the latest checkpoints. You can download it from the tagged release on github.
Code:
dc6222d67170d60109baf224868fa355401c4ecda6b6ee0d72aed703b04ca1d3 Bitmark-Qt.dmg
Topic: Bitmark - page 137. (Read 622228 times)
Updated OS-X Client
The OS-X Bitmark client has been updated to fix a minor bug, it also includes the latest checkpoints. You can download it from the tagged release on github.
The OS-X Bitmark client has been updated to fix a minor bug, it also includes the latest checkpoints. You can download it from the tagged release on github.
Somebody mentioned a 'market cap' earlier, we have no market.
A measurement is the production cost, we can calculate the cost to produce 1 BTM at any given period of time, then use this to calculate a 'production cap' and an average production price for each bitmark.
I have calculated this with a quick script http://bitmark.co/production.txt
The exact figures are unknown as every hashing device has a different cost, and many people use rented mining rigs. This is a reasonable measurement.
This calculation can be used on any currency, it would be interesting to apply it to some other currencies and cross reference it the market price
Update: getbitmark.org has been donated to the project!
A measurement is the production cost, we can calculate the cost to produce 1 BTM at any given period of time, then use this to calculate a 'production cap' and an average production price for each bitmark.
I have calculated this with a quick script http://bitmark.co/production.txt
Code:
Blocks BTM Hashrate BTM Cost Production Cap Av BTM Cost
60 1200 49020728 0.00000400 0.00479995 0.00000400
120 2400 81693444 0.00000667 0.01279910 0.00000533
180 3600 279351728 0.00002279 0.04015229 0.00001115
240 4800 230605789 0.00001882 0.06273244 0.00001307
300 6000 227752514 0.00001858 0.08503320 0.00001417
360 7200 422116248 0.00003444 0.12636542 0.00001755
420 8400 704103743 0.00005745 0.19530891 0.00002325
480 9600 985475984 0.00008041 0.29180343 0.00003040
540 10800 1244937053 0.00010158 0.41370352 0.00003831
600 12000 1212715152 0.00009895 0.53244855 0.00004437
660 13200 1493924463 0.00012190 0.67872865 0.00005142
720 14400 1732095208 0.00014133 0.84832964 0.00005891
780 15600 2493093770 0.00020343 1.09244507 0.00007003
840 16800 2723402588 0.00022222 1.35911157 0.00008090
900 18000 2019212301 0.00016476 1.55682611 0.00008649
960 19200 1665279289 0.00013588 1.71988471 0.00008958
1020 20400 1708049511 0.00013937 1.88713122 0.00009251
1080 21600 1644031706 0.00013415 2.04810933 0.00009482
1140 22800 1689848983 0.00013789 2.21357371 0.00009709
1200 24000 1961575413 0.00016006 2.40564463 0.00010024
1260 25200 2013296640 0.00016428 2.60277993 0.00010328
1320 26400 1806849920 0.00014743 2.77970065 0.00010529
1380 27600 1574954743 0.00012851 2.93391497 0.00010630
1440 28800 1662593354 0.00013566 3.09671057 0.00010752
1500 30000 1769401697 0.00014438 3.26996448 0.00010900
1560 31200 1725201472 0.00014077 3.43889046 0.00011022
1620 32400 1516172649 0.00012372 3.58734903 0.00011072
1680 33600 1593827413 0.00013005 3.74341130 0.00011141
1740 34800 2176422021 0.00017759 3.95651929 0.00011369
1800 36000 2282442025 0.00018624 4.18000841 0.00011611
1860 37200 2348750509 0.00019165 4.40999023 0.00011855
1920 38400 2697567235 0.00022011 4.67412702 0.00012172
1980 39600 2136943000 0.00017437 4.88336935 0.00012332
2040 40800 1640108003 0.00013383 5.04396326 0.00012363
2100 42000 1855222281 0.00015138 5.22562044 0.00012442
2160 43200 1844002147 0.00015047 5.40617899 0.00012514
2220 44400 1129279294 0.00009215 5.51675425 0.00012425
2280 45600 1069183315 0.00008724 5.62144512 0.00012328
2340 46800 1119950419 0.00009138 5.73110693 0.00012246
2400 48000 1125823234 0.00009186 5.84134379 0.00012169
2460 49200 1176946213 0.00009604 5.95658644 0.00012107
2520 50400 1130209862 0.00009222 6.06725282 0.00012038
2580 51600 969124326 0.00007908 6.16214624 0.00011942
2640 52800 846911412 0.00006911 6.24507299 0.00011828
2700 54000 862776094 0.00007040 6.32955315 0.00011721
2760 55200 1008556054 0.00008230 6.42830759 0.00011645
2820 56400 1099980350 0.00008976 6.53601400 0.00011589
2880 57600 922773719 0.00007530 6.62636893 0.00011504
2940 58800 776256299 0.00006334 6.70237736 0.00011399
3000 60000 905431222 0.00007388 6.79103417 0.00011318
3060 61200 1138467506 0.00009290 6.90250911 0.00011279
3120 62400 961728085 0.00007847 6.99667832 0.00011213
3180 63600 848408274 0.00006923 7.07975163 0.00011132
3240 64800 988191656 0.00008063 7.17651206 0.00011075
3300 66000 1091366774 0.00008905 7.28337506 0.00011035
3360 67200 1038184608 0.00008471 7.38503063 0.00010990
3420 68400 938098403 0.00007655 7.47688610 0.00010931
3480 69600 968727375 0.00007905 7.57174066 0.00010879
3540 70800 965632605 0.00007879 7.66629218 0.00010828
3600 72000 683901163 0.00005580 7.73325750 0.00010741
3660 73200 572106293 0.00004668 7.78927625 0.00010641
3720 74400 588033458 0.00004798 7.84685452 0.00010547
3780 75600 557011792 0.00004545 7.90139526 0.00010452
3840 76800 554624734 0.00004526 7.95570227 0.00010359
3900 78000 541595017 0.00004419 8.00873344 0.00010268
3960 79200 508575042 0.00004150 8.05853142 0.00010175
4020 80400 453505733 0.00003700 8.10293719 0.00010078
4080 81600 446061825 0.00003640 8.14661407 0.00009984
4140 82800 494230026 0.00004033 8.19500743 0.00009897
4200 84000 516921570 0.00004218 8.24562267 0.00009816
4260 85200 800649010 0.00006533 8.32401955 0.00009770
4320 86400 1257259955 0.00010259 8.44712625 0.00009777
4380 87600 1146676837 0.00009357 8.55940503 0.00009771
4440 88800 1124757489 0.00009178 8.66953753 0.00009763
4500 90000 1178355463 0.00009615 8.78491817 0.00009761
4560 91200 1257031700 0.00010257 8.90800252 0.00009768
4620 92400 1126593078 0.00009193 9.01831476 0.00009760
4680 93600 1099819292 0.00008974 9.12600540 0.00009750
4740 94800 1295361830 0.00010570 9.25284291 0.00009760
4800 96000 1392475862 0.00011362 9.38918951 0.00009780
4860 97200 1128127319 0.00009205 9.49965198 0.00009773
4920 98400 1090122240 0.00008895 9.60639311 0.00009763
4980 99600 1099527330 0.00008972 9.71405516 0.00009753
5040 100800 1034199168 0.00008439 9.81532050 0.00009737
5100 102000 1313515933 0.00010718 9.94393560 0.00009749
5160 103200 1417751126 0.00011568 10.08275706 0.00009770
5220 104400 1150382449 0.00009387 10.19539868 0.00009766
5280 105600 1105662796 0.00009022 10.30366149 0.00009757
5340 106800 1267870559 0.00010345 10.42780715 0.00009764
5400 108000 681507085 0.00005561 10.49453806 0.00009717
5460 109200 395005402 0.00003223 10.53321567 0.00009646
5520 110400 430309375 0.00003511 10.57535013 0.00009579
5580 111600 618221385 0.00005045 10.63588431 0.00009530
5640 112800 740674761 0.00006044 10.70840871 0.00009493
5700 114000 734874671 0.00005996 10.78036519 0.00009456
5760 115200 693231969 0.00005657 10.84824415 0.00009417
5820 116400 669127822 0.00005460 10.91376292 0.00009376
5880 117600 723361795 0.00005902 10.98459209 0.00009341
5940 118800 934473049 0.00007625 11.07609258 0.00009323
6000 120000 854796926 0.00006975 11.15979144 0.00009300
6060 121200 817211800 0.00006668 11.23981010 0.00009274
6120 122400 916463412 0.00007478 11.32954714 0.00009256
6180 123600 900822770 0.00007350 11.41775270 0.00009238
6240 124800 873902487 0.00007131 11.50332232 0.00009217
6300 126000 843324975 0.00006881 11.58589789 0.00009195
6360 127200 832091278 0.00006790 11.66737350 0.00009172
6420 128400 841107644 0.00006863 11.74973195 0.00009151
6480 129600 963120645 0.00007859 11.84403752 0.00009139
6540 130800 1052094344 0.00008585 11.94705509 0.00009134
6600 132000 1181580282 0.00009641 12.06275149 0.00009138
The exact figures are unknown as every hashing device has a different cost, and many people use rented mining rigs. This is a reasonable measurement.
This calculation can be used on any currency, it would be interesting to apply it to some other currencies and cross reference it the market price
Update: getbitmark.org has been donated to the project!
Just skimmed over the text so please be clement if i miss something.
We talk about ~100 BTC (8x12) for first year?
We talk about ~100 BTC (8x12) for first year?
As a practical example, 8 BTC could ensure GetMarked's success, 6 BTC would cover all of my time for a full month, allow for budget of resources, and allow to tip the people who help. The 2 BTC would generate roughly 16,000 BTM to distribute to funders.
No, only 1x.
I started defining an unnamed project on this thread exactly 1 month ago today. What is achievable in a single month is clear to see.
To do the same thing for GetMarked and have it adopted and being actively used by non crypto web citizens can be achieved by this date next month.
To balance my families needs, paid work, and bitmark is nearly impossible. To balance all of that and getmarked is impossible.
If I can replace the paid work for clients with a funding/investment to create getmarked, then balance is restored and even more than the last month is achievable.
6 BTC would cover my families needs, all project resources, enable some tips to those helping.
2 BTC would provide a reasonable amount of BTM as investment to those who invested.
After a month we would have bitmark a month more mature, and getmarked beginning to be adopted and used.
The work on bitmark and getmarked will continue with or without this, I do not want to loose our momentum or burn out.
Any future adoption focused side projects would be proposed by me or others, and considered at that time. Some may take a few hours, or some a few weeks, many will fall out naturally and with no cost incurred, others may need some financial commitment in order to be completed.
Taking this transparent approach is fairer, less expensive, less risk, and more guaranteed than anything like IPO, as if getmarked is not of merit and does not earn value then any subsequent proposal would be rejected by any potential investors.
I look forward to our status in one years time, for then the bitmark foundation will cover funding for anything the community decides is worth doing.
Just skimmed over the text so please be clement if i miss something.
We talk about ~100 BTC (8x12) for first year?
As a practical example, 8 BTC could ensure GetMarked's success, 6 BTC would cover all of my time for a full month, allow for budget of resources, and allow to tip the people who help. The 2 BTC would generate roughly 16,000 BTM to distribute to funders.
I greatly support this iniciative and I'll do all I can to help it go through. I'm sure we're doing the right steps and tho still capable to throw our eyes beyond the horizon...
About those platforms, I don't have a valuable oppinion because I've never used one before. I'm sure some of you guys will choose the right one for the purpose.
I'm interested and excited about beeing one of the founders (or investor) and contribute for the success of GetMarked if the community choose to start with it as a side-project. So lets think about the real budget numbers and begin to draw the plan Maybe spme pf you guys come with some concrete proposal we can discuss...
+1
We talk about ~100 BTC (8x12) for first year?
As a practical example, 8 BTC could ensure GetMarked's success, 6 BTC would cover all of my time for a full month, allow for budget of resources, and allow to tip the people who help. The 2 BTC would generate roughly 16,000 BTM to distribute to funders.
I greatly support this iniciative and I'll do all I can to help it go through. I'm sure we're doing the right steps and tho still capable to throw our eyes beyond the horizon...
About those platforms, I don't have a valuable oppinion because I've never used one before. I'm sure some of you guys will choose the right one for the purpose.
I'm interested and excited about beeing one of the founders (or investor) and contribute for the success of GetMarked if the community choose to start with it as a side-project. So lets think about the real budget numbers and begin to draw the plan
Maybe spme pf you guys come with some concrete proposal we can discuss...+1
You could use Bitcoin crowdfunding services like https://bitcoinstarter.com/ or http://coinfunder.com/browse or even both of them for that purpose
That would also attract more attention to Bitmark itself.
That would also attract more attention to Bitmark itself.
I wholeheartedly agree, to reach out to other communities and bring people in is always our primary goal.
We do not want to become a community of people swapping money between ourselves, it is clear where that ends up.
To bring in one potential adopter or somebody to the discussion, that is as more valuable than any funding could be.
OK, well then lets move in this direction. I agree that Crowdfunding Bitmark's Side Projects will provide a good metric by which to gauge public interest.
We could also consider RocketHub.com.
- Funds donated through RocketHub are given to the project, regardless if the project meets its monetary goals.
- Also noteworthy, RocketHub's new partnership with A&E could potentially magnify Bitmarks exposure outside of the crypto community. (This appears to be inline with Bitmarks long term Strategic Vision)
Rockethub.com is very good, it is a shame we do not have an active crypto equivalent. We should put that on our list of side projects, focussed at the same user base, they can pay with fiat and the project can receive bitmarks. The Bitmark Foundation could also sponsor projects which it felt had merit, or give them what is needed to reach their target.
For now I feel we are too immature, the work we would have to do on Bitmark's website, presentation, documentation, and community would be more than to create a working version of GetMarked.
This thread is interesting if you are following it yet fractured and expensive to read if you are not, this serves us well on the forum.
To bring new people from something as pleasant, modern, and creative as rockethub to a thread in the alternative coins section of bitcointalk is not the first impression we want to give.
If you would bold and state it that for example 20-30% of donator fund would be used for mining Bitmark and he/she would get them in return then it wouldn't be just a fund, but also an investment.
Yes, it is an investment, as the creation of getmarked will enable adoption which eclipse's that of all cryptographic currencies combined.
As an immediate starting point
- can anybody donate the domain name getmarked.org (or funds to buy it) to the project?
- I will create a one page website which coherently lays out the concept in an easy way
Doing this will enable us to refine and present the idea simply, the concept and impact need to be made clear.
Considering avarage cost of renting mining rigs this coin has now about 9-10 BTC market cap.
You could use Bitcoin crowdfunding services like https://bitcoinstarter.com/ or http://coinfunder.com/browse or even both of them for that purpose
That would also attract more attention to Bitmark itself.
That would also attract more attention to Bitmark itself.
I wholeheartedly agree, to reach out to other communities and bring people in is always our primary goal.
We do not want to become a community of people swapping money between ourselves, it is clear where that ends up.
To bring in one potential adopter or somebody to the discussion, that is as more valuable than any funding could be.
OK, well then lets move in this direction. I agree that Crowdfunding Bitmark's Side Projects will provide a good metric by which to gauge public interest.
We could also consider RocketHub.com.
- Funds donated through RocketHub are given to the project, regardless if the project meets its monetary goals.
- Also noteworthy, RocketHub's new partnership with A&E could potentially magnify Bitmarks exposure outside of the crypto community. (This appears to be inline with Bitmarks long term Strategic Vision)
I greatly support this iniciative and I'll do all I can to help it go through. I'm sure we're doing the right steps and tho still capable to throw our eyes beyond the horizon...
About those platforms, I don't have a valuable oppinion because I've never used one before. I'm sure some of you guys will choose the right one for the purpose.
I'm interested and excited about beeing one of the funders (or investor) and contribute for the success of GetMarked if the community choose to start with it as a side-project. So lets think about the real budget numbers and begin to draw the plan
Maybe spme pf you guys come with some concrete proposal we can discuss...You could use Bitcoin crowdfunding services like https://bitcoinstarter.com/ or http://coinfunder.com/browse or even both of them for that purpose
That would also attract more attention to Bitmark itself.
That would also attract more attention to Bitmark itself.
I wholeheartedly agree, to reach out to other communities and bring people in is always our primary goal.
We do not want to become a community of people swapping money between ourselves, it is clear where that ends up.
To bring in one potential adopter or somebody to the discussion, that is as more valuable than any funding could be.
If you would bold and state it that for example 20-30% of donator fund would be used for mining Bitmark and he/she would get them in return then it wouldn't be just a fund, but also an investment.
You could use Bitcoin crowdfunding services like https://bitcoinstarter.com/ or http://coinfunder.com/browse or even both of them for that purpose
That would also attract more attention to Bitmark itself.
That would also attract more attention to Bitmark itself.
I wholeheartedly agree, to reach out to other communities and bring people in is always our primary goal.
We do not want to become a community of people swapping money between ourselves, it is clear where that ends up.
To bring in one potential adopter or somebody to the discussion, that is as more valuable than any funding could be.
OK, well then lets move in this direction. I agree that Crowdfunding Bitmark's Side Projects will provide a good metric by which to gauge public interest.
We could also consider RocketHub.com.
- Funds donated through RocketHub are given to the project, regardless if the project meets its monetary goals.
- Also noteworthy, RocketHub's new partnership with A&E could potentially magnify Bitmarks exposure outside of the crypto community. (This appears to be inline with Bitmarks long term Strategic Vision)
You could use Bitcoin crowdfunding services like https://bitcoinstarter.com/ or http://coinfunder.com/browse or even both of them for that purpose
That would also attract more attention to Bitmark itself.
That would also attract more attention to Bitmark itself.
I wholeheartedly agree, to reach out to other communities and bring people in is always our primary goal.
We do not want to become a community of people swapping money between ourselves, it is clear where that ends up.
To bring in one potential adopter or somebody to the discussion, that is as more valuable than any funding could be.
We do need to work on Budget Proposals for the different facets of Bitmark. In addition, how much BTC is required to register the domain? I will contribute what I can, just let me know what the minimum requirements are.
This is an issue which is quickly having an impact on me personally. Bitmark was started with the intention of balancing my time between Bitmark, a small amount of paid work, and family life over the first year.
Bitmark has grown much quicker and faster than I anticipated and the other two are suffering badly as a consequence.
Momentum on this project feels very important to maintain.
I have discussed this in IRC and something has been proposed.
Keep the main channel of bitmark development and support under the model of unpaid work which earns value over time, things like Bitmark, Pfennig, IPM Pool, electrum client, block chain explorers and so on.
Crowd fund side projects such as 'GetMarked' which focus on adoption.
This allows me to work on bitmark full time over the first year, covers resource requirements, and caters for anybody else who wants to join the specific side project.
The crowd funding allows us to gauge whether a side project is worth doing.
Achieving the budget allows us to put full effort in to the rapid development of the specific side project.
A portion of the budget (20%) would be used to mine bitmarks and distribute them to the funders.
The side project itself would increase adoption, earn value for bitmark, and remunerate those funding by the BTM they hold.
As a practical example, 8 BTC could ensure GetMarked's success, 6 BTC would cover all of my time for a full month, allow for budget of resources, and allow to tip the people who help. The 2 BTC would generate roughly 16,000 BTM to distribute to funders.
As Bitmark grows, this approach could be used for each adoption based side project whether it is me leading it or another community member, and until such a time that the Bitmark Foundation pays for all these things with BTM directly.
I would appreciate any feedback that can be given, Bitmark progress could be far more rapid than it currently is if basic budgeting constraints were not an issue.
Some users expressed this as a worry before Bitmark began, and tried to convince me to do an IPO, even pledging large amounts to it. I refused the offer, and would do the same again. This perhaps feels more balanced, and earned.
Just want to think the person who rented our miner. Thank for showing us the future. As soon as there done they will become part of the community..
Juston Point, and all fair miners.
I have been speaking to a group of syndicate miners, I think we have a solution which will help all of you financially, and our growing community.
After checking the details I will propose it here soon.
Sounds good.. the ebay account I use is muaddib525 hopefully it was you that used us if not please feel free to..
bitmark.co is registered.
bitmark.foundation is registered.
a domain for getmarked is not yet registered, we will need to find the budget as bitmark has none.
I am comfortable discussing domains publicly for now. We move fast on this thread, by the end of the day we may have the domain bought, hosted, and being developed.
Thank you for your words of warning, I am aware of the practises of the domain name industry, let us not worry, open discussion to find the right one is more important.
It is good that we have a shared understanding of the fundamental parts so early on, this bodes well.
Today I will write what I feel has been discussed, as a starting point for us all to adapt and agree.
GetMarked is only one string in our bow, it will be taking shape by the end of the week and ready to test and play with soon after. We are fortunate that we can move quickly with very little 'noise', we have the term 'Mark' as a unit of currency, our foundation is balanced in all respects, and we have many people who want to join in.
bitmark.foundation is registered.
a domain for getmarked is not yet registered, we will need to find the budget as bitmark has none.
I am comfortable discussing domains publicly for now. We move fast on this thread, by the end of the day we may have the domain bought, hosted, and being developed.
Thank you for your words of warning, I am aware of the practises of the domain name industry, let us not worry, open discussion to find the right one is more important.
The GetMarked thing is something we should put some efforts right away. It's not only a good idea - it's 'just' the future of crypto... I've watched some talks by cryptocurrency gurus (and other scientists that are doing investigation about this matter) and what comes to attention regarding the adoption of digital money is: "trust and credibility", "focused on/supervised by the community", "more then call it 'money' it should be known as a reward system".
'you click something; you do something = you get marked => you are rewarded'. Nowadays, that's how things get value, presence, relevance. The more badges, likes, subs, marks you have more popular and relevant you are - That's how it already works everywhere. So what's been missing? Imo, what's been missing is the acknowlegment of the importance of this method of adoption. And implement it.
Another thing is, this will ease the marketing of the coin. It's much more easy to make people to adopt a reward system then to 'sell' the idea of use a new crypto currency. Much more!
(There are some other communities working on this aswel. So lets jump on asap.)
'you click something; you do something = you get marked => you are rewarded'. Nowadays, that's how things get value, presence, relevance. The more badges, likes, subs, marks you have more popular and relevant you are - That's how it already works everywhere. So what's been missing? Imo, what's been missing is the acknowlegment of the importance of this method of adoption. And implement it.
Another thing is, this will ease the marketing of the coin. It's much more easy to make people to adopt a reward system then to 'sell' the idea of use a new crypto currency. Much more!
(There are some other communities working on this aswel. So lets jump on asap.)
It is good that we have a shared understanding of the fundamental parts so early on, this bodes well.
Today I will write what I feel has been discussed, as a starting point for us all to adapt and agree.
GetMarked is only one string in our bow, it will be taking shape by the end of the week and ready to test and play with soon after. We are fortunate that we can move quickly with very little 'noise', we have the term 'Mark' as a unit of currency, our foundation is balanced in all respects, and we have many people who want to join in.
We do need to work on Budget Proposals for the different facets of Bitmark. In addition, how much BTC is required to register the domain? I will contribute what I can, just let me know what the minimum requirements are.
bitmark.co is registered.
bitmark.foundation is registered.
a domain for getmarked is not yet registered, we will need to find the budget as bitmark has none.
I am comfortable discussing domains publicly for now. We move fast on this thread, by the end of the day we may have the domain bought, hosted, and being developed.
Thank you for your words of warning, I am aware of the practises of the domain name industry, let us not worry, open discussion to find the right one is more important.
It is good that we have a shared understanding of the fundamental parts so early on, this bodes well.
Today I will write what I feel has been discussed, as a starting point for us all to adapt and agree.
GetMarked is only one string in our bow, it will be taking shape by the end of the week and ready to test and play with soon after. We are fortunate that we can move quickly with very little 'noise', we have the term 'Mark' as a unit of currency, our foundation is balanced in all respects, and we have many people who want to join in.
bitmark.foundation is registered.
a domain for getmarked is not yet registered, we will need to find the budget as bitmark has none.
I am comfortable discussing domains publicly for now. We move fast on this thread, by the end of the day we may have the domain bought, hosted, and being developed.
Thank you for your words of warning, I am aware of the practises of the domain name industry, let us not worry, open discussion to find the right one is more important.
The GetMarked thing is something we should put some efforts right away. It's not only a good idea - it's 'just' the future of crypto... I've watched some talks by cryptocurrency gurus (and other scientists that are doing investigation about this matter) and what comes to attention regarding the adoption of digital money is: "trust and credibility", "focused on/supervised by the community", "more then call it 'money' it should be known as a reward system".
'you click something; you do something = you get marked => you are rewarded'. Nowadays, that's how things get value, presence, relevance. The more badges, likes, subs, marks you have more popular and relevant you are - That's how it already works everywhere. So what's been missing? Imo, what's been missing is the acknowlegment of the importance of this method of adoption. And implement it.
Another thing is, this will ease the marketing of the coin. It's much more easy to make people to adopt a reward system then to 'sell' the idea of use a new crypto currency. Much more!
(There are some other communities working on this aswel. So lets jump on asap.)
'you click something; you do something = you get marked => you are rewarded'. Nowadays, that's how things get value, presence, relevance. The more badges, likes, subs, marks you have more popular and relevant you are - That's how it already works everywhere. So what's been missing? Imo, what's been missing is the acknowlegment of the importance of this method of adoption. And implement it.
Another thing is, this will ease the marketing of the coin. It's much more easy to make people to adopt a reward system then to 'sell' the idea of use a new crypto currency. Much more!
(There are some other communities working on this aswel. So lets jump on asap.)
It is good that we have a shared understanding of the fundamental parts so early on, this bodes well.
Today I will write what I feel has been discussed, as a starting point for us all to adapt and agree.
GetMarked is only one string in our bow, it will be taking shape by the end of the week and ready to test and play with soon after. We are fortunate that we can move quickly with very little 'noise', we have the term 'Mark' as a unit of currency, our foundation is balanced in all respects, and we have many people who want to join in.
Another 3 awesome pages on this thread, to the step forward and the consolidation of our coin. Great!
_____________
I was away for the weekend and I couldn't participate on the IPM round tests because my funds weren't made avaiable on time. So I've rent some rigs and put myself mining some Bitmarks at the regular pools. Later on I'll have about 200 BTM on my wallet
I don't know why but both pools (miningpool.co and xhash.net) seem to give scattered hashrate results and the true is that almost (if not all) the rigs I've rent worked way below of the announced hash/s/day. So, I'll have to make the math to get the real production cost of my experience and compare them to the results of the IPM test rounds.
______________
About the 'miners addenda' to the IPM Pool terms, and if the numbers are the ones stated on the post, it may be globally interesting. Well, for the miners is always a good deal. For the investors, depend if the production cost is kept low and the 96%/4% will pay the 8 extra hours the rigs will be running 'for the house', and still present a roughly equal returns as if they were rented for 24H at 0.001. For the whole Bitmark project I'm sure this will be very good if we can gather our own group of honest miners and implement IPM like this and get the right numbers that balance all the interests.
______________
The GetMarked thing is something we should put some efforts right away. It's not only a good idea - it's 'just' the future of crypto... I've watched some talks by cryptocurrency gurus (and other scientists that are doing investigation about this matter) and what comes to attention regarding the adoption of digital money is: "trust and credibility", "focused on/supervised by the community", "more then call it 'money' it should be known as a reward system".
'you click something; you do something = you get marked => you are rewarded'. Nowadays, that's how things get value, presence, relevance. The more badges, likes, subs, marks you have more popular and relevant you are - That's how it already works everywhere. So what's been missing? Imo, what's been missing is the acknowlegment of the importance of this method of adoption. And implement it.
Another thing is, this will ease the marketing of the coin. It's much more easy to make people to adopt a reward system then to 'sell' the idea of use a new crypto currency. Much more!
(There are some other communities working on this aswel. So lets jump on asap.)
_____________
I was away for the weekend and I couldn't participate on the IPM round tests because my funds weren't made avaiable on time. So I've rent some rigs and put myself mining some Bitmarks at the regular pools. Later on I'll have about 200 BTM on my wallet
I don't know why but both pools (miningpool.co and xhash.net) seem to give scattered hashrate results and the true is that almost (if not all) the rigs I've rent worked way below of the announced hash/s/day. So, I'll have to make the math to get the real production cost of my experience and compare them to the results of the IPM test rounds.
______________
About the 'miners addenda' to the IPM Pool terms, and if the numbers are the ones stated on the post, it may be globally interesting. Well, for the miners is always a good deal. For the investors, depend if the production cost is kept low and the 96%/4% will pay the 8 extra hours the rigs will be running 'for the house', and still present a roughly equal returns as if they were rented for 24H at 0.001. For the whole Bitmark project I'm sure this will be very good if we can gather our own group of honest miners and implement IPM like this and get the right numbers that balance all the interests.
______________
The GetMarked thing is something we should put some efforts right away. It's not only a good idea - it's 'just' the future of crypto... I've watched some talks by cryptocurrency gurus (and other scientists that are doing investigation about this matter) and what comes to attention regarding the adoption of digital money is: "trust and credibility", "focused on/supervised by the community", "more then call it 'money' it should be known as a reward system".
'you click something; you do something = you get marked => you are rewarded'. Nowadays, that's how things get value, presence, relevance. The more badges, likes, subs, marks you have more popular and relevant you are - That's how it already works everywhere. So what's been missing? Imo, what's been missing is the acknowlegment of the importance of this method of adoption. And implement it.
Another thing is, this will ease the marketing of the coin. It's much more easy to make people to adopt a reward system then to 'sell' the idea of use a new crypto currency. Much more!
(There are some other communities working on this aswel. So lets jump on asap.)
Happy to see the advancements, been difficult finding time for everything
One thing about domains, they should have been registered before the project started. If not, whatever domains needed in the future [Foundation, Forum] should be registered ASAP
I regularly check domain industry forums and nowadays they have cryptonames subsections where they try to sqaut every new currency related domains.
Also they shouldn't be debated in public, better do it in somewhere private
One thing about domains, they should have been registered before the project started. If not, whatever domains needed in the future [Foundation, Forum] should be registered ASAP
I regularly check domain industry forums and nowadays they have cryptonames subsections where they try to sqaut every new currency related domains.
Also they shouldn't be debated in public, better do it in somewhere private
Absolutely 100% agree with 'shouldn't be debated in public' - unfortunately, although it goes against the community ethos, it is not the community we need to worry about!
I have registered 100s, possibly over 1000, domains since the late 90's where I have seen an opportunity... and domainers will trawl every source of inspiration they can - constantly looking for trends etc.
I have PMd consolidation with another possibility.
Just one other point on domains, and I do not wish to 'teach grandmother to suck eggs' or preach to the converted, but:
When researching potential domains it is prudent to take a peek at any sites that might exist on the top TLDs. I only say this as it is often the case that 'speculative' squatting will mean that the majority of domains will just be Sedo Parked, 'This Domain May Be For Sale' notice, be a default ISP index page, or plain dead...
However, having recently had to deal with a potential 'passing off' action (completely unfounded btw) it makes sense to check that if the .net or .org is available, the .com isn't live and conducting a business of similar enough nature whereby they would have grounds for potential action...
Happy to see the advancements, been difficult finding time for everything
One thing about domains, they should have been registered before the project started. If not, whatever domains needed in the future [Foundation, Forum] should be registered ASAP
I regularly check domain industry forums and nowadays they have cryptonames subsections where they try to sqaut every new currency related domains.
Also they shouldn't be debated in public, better do it in somewhere private
One thing about domains, they should have been registered before the project started. If not, whatever domains needed in the future [Foundation, Forum] should be registered ASAP
I regularly check domain industry forums and nowadays they have cryptonames subsections where they try to sqaut every new currency related domains.
Also they shouldn't be debated in public, better do it in somewhere private
This is very right. As a former domain investor I strongly suggest dev to listen this advice.
Happy to see the advancements, been difficult finding time for everything
One thing about domains, they should have been registered before the project started. If not, whatever domains needed in the future [Foundation, Forum] should be registered ASAP
I regularly check domain industry forums and nowadays they have cryptonames subsections where they try to sqaut every new currency related domains.
Also they shouldn't be debated in public, better do it in somewhere private
One thing about domains, they should have been registered before the project started. If not, whatever domains needed in the future [Foundation, Forum] should be registered ASAP
I regularly check domain industry forums and nowadays they have cryptonames subsections where they try to sqaut every new currency related domains.
Also they shouldn't be debated in public, better do it in somewhere private
IPM Clarifications
IPM doesn't define Bitmark, it's entirely optional.
The only goal of it is to balance the interests of people through the growth period over the first year or so, we expect it to naturally phase out as investor-miners either hold or move to being miners.
Over time we expect it to be used on an as needed basis, where if the network comes under attack investors can show a vote of confidence by stabilizing the network, securing their investment, and acquiring some more bitmarks fairly in the process.
There is a hard cap on the donation to the Bitmark Foundation, the goal is a total of 70,000 BTM, 0.250% of the total supply to be minted.
Put another way, IPM is a way of managing the crypto community over the first year. It allows us to get the usual issues out of the way to concentrate on adoption.
Yes, I actually created one for a contract some years ago.
getmarked.org, how did I miss that? I am happy with that, perfect in fact. Thank you.
IPM doesn't define Bitmark, it's entirely optional.
The only goal of it is to balance the interests of people through the growth period over the first year or so, we expect it to naturally phase out as investor-miners either hold or move to being miners.
Over time we expect it to be used on an as needed basis, where if the network comes under attack investors can show a vote of confidence by stabilizing the network, securing their investment, and acquiring some more bitmarks fairly in the process.
There is a hard cap on the donation to the Bitmark Foundation, the goal is a total of 70,000 BTM, 0.250% of the total supply to be minted.
Put another way, IPM is a way of managing the crypto community over the first year. It allows us to get the usual issues out of the way to concentrate on adoption.
Is it possible that there is a bot that crawls the web to find domain names that are not registered and register them? Seems plausible.
getmarked.org
getmarked.org
Yes, I actually created one for a contract some years ago.
getmarked.org, how did I miss that? I am happy with that, perfect in fact. Thank you.
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