Topic: Dynemix – the first implementation of Decentralized Algorithmic Central Bank (Read 434 times)

I caught your sarcasm. Whereas you are not catching mine. The entire cornerstone the project is the assumption that Bitcoin, although having been called a cryptocurrency, has become rather a cryptogold – a speculative or a hedging asset. It is sometimes believed to be caused by external reasons, such as the resistance of governments, misunderstanding and rejection from poorly educated population etc.

I believe, however, that the reasons are intrinsic, namely an inappropriate economic model and technical imperfections. The main goal of the project was to fix these downsides and deliver a blockchain that is capable of competing with conventional finance infrastructure. Unlike the developers all blockchains since the Ethereum release, I didn’t intend to make another Ethereum but faster, but to concentrate solely on payment functions and design a system that can actually serve as money on the consumer level.

That is why I have chosen such a title: it is a reference to the main idea behind the project. Though it looks controversial, I see nothing bad about that.

It depends on how you look at it. We can say that there will be more than 2 quadrillion satoshis in Bitcoin. Isn’t it too outrageous? The idea is that from the point of user experience it is more convenient to deal with kilodynes, megadynes, etc., while the marker cap is low, than to use different fractional units and deal with numbers like 0.000001 dynes.

I also suppose that in the near future the platform will unlikely hit such a market cap that transactions of less than 1 dyne will be required. The protocol, however, supports fractional units down to 0.000001 dynes, which is redundant.

Lol, I guess if we can see the team, then we can see Satoshi Nakamoto instead. Right now, people are getting crazy about making new coins, then it makes them very careless to choose slogans that will have a negative impact on their own projects.

so, you are the founder from this project ?
anyway can you show me all the team member from this project with linkedin profile and other social media link of course
because i don't see a team member lists in the site
regards

The first Cryptocurrency? Really?
OMG.. I just knew it. Till now, I thought that Bitcoin is the first cryptocurrency in the world. Cryptocurrency that created by Satoshi Nakamoto. Wow, Thank you for your ENLIGHTENMENT. Are you the real Satoshi Nakamoto?


Sarcasm mode on

You plan on having a trillion coins in supply? Isn't that too outrageous?

Indeed, if we consider only the messenger part of the project, there were some attempts to create a decentralized messenger. However, as far as I have seen, among those who claimed to be based on blockchain technology only Adamant had a decent technical backend. Yet, as it uses blockchain directly for message delivery, its design is still far from being optimal. It is a very niche product that cannot scale to compete with popular centralized solutions.

Among other P2P messengers that are not related to blockchain, I’d say that Tox is the most decent project. In fact, Liberdyne is closer to Tox in design, than to any blockchain messenger. Tox, however, lacks Dynemix in the backend with all its advantages that help overcome many problems.

It is also worth noting that our project cannot be decomposed into a blockchain separate part and a messenger separate part. Liberdyne/Dynemix is a unitary platform where both components are interrelated and mutually beneficial. This concept allowed us to achieve features that were available neither to blockchains, nor to messengers previously. Due to this fact, we suppose that we have no direct competitors.

Checked the website and it's an interesting idea, I saw a few projects trying to do similar things but not succeed, a unstoppable messenger is something really cool.

Hello, everyone! My name is Dmitriy Petryakov and I'm the founder of the Dynemix/Liberdyne project. Account Liberdyne will be used for official stuff, while I will mostly use this personal account, as it doesn't force me into being a boring official guy.

I’ll try to answer all questions related to the project as long as I have enough time. I apologize in advance if I miss someone’s comment or question, sometimes it happens.

You can contact me via PM on this board or use our contact form on the website. If you want to discuss an offer of investments or cooperation, the second option is more reliable.

Dynemix

Dynemix is a decentralized, permissionless, account-based blockchain system powered by a unique Proof-of-Stake BFT consensus protocol.

Dynemix is designed to achieve the goal that Bitcoin was created for, but didn’t manage to accomplish – to become the first widely adopted decentralized means of payment and compete with conventional centralized payment infrastructure on an equal footing. To attain the stated aim, we developed a novel consensus protocol from scratch and introduced a number of new approaches to various aspects of DLT, including the following breakthrough features: free transactions, anti-censorship consensus model, guaranteed sub 30 sec finality, double-layer security protocol, double-layer scalable sharding, balance encryption and many more.

Dynemix features a breakthrough economic model of a decentralized algorithmic central bank.

Decentralized algorithmic central bank (DACB)

The model of DACB is capable of simultaneously balancing the value of native coins against fiat currencies and directly maintaining a targeted interest rate, which allows to indirectly target an optimal level of inflation and output growth.

Unlike previous attempts to build a cryptocurrency that is capable of performing the functions of money, which were concentrated around the concept of a stablecoin, we took a step further and designed a model of a stable economy. The key difference is that our model engages all channels of monetary transmission:

a) When Dynemix is used as an ancillary currency in addition to an exogenous fiat currency, it balances the demand discrepancies that originate from the exchange rate and nominal interest channels, thus keeping the exchange rates stable. A significant upgrade over typical stablecoins is the ability to balance the value against all exogenous assets simultaneously instead of being pegged to a particular asset or a set of such, which provides independence.

b) When Dynemix performs as a fully-fledged economy and an exclusive legal tender within a specific economic zone (up to the entire global economy), it can target a desired natural rate of interest directly and desired inflation and GDP growth indirectly. This feature is exclusive to our model and is not supported by any available cryptocurrency.

In addition to that, the economic model of Dynemix doesn’t require any special assets as seigniorage-style models do. Dynemix operates exclusively with native utility coins, which circumvents the engagement of securities and the necessity to comply with the respective legal procedures and requirements of regulators.

Liberdyne

Dynemix doesn’t come alone and is natively integrated into the Liberdyne messenger. Both components operate in a symbiotic relationship, which allows us to introduce features not previously available and to progress toward the stated aim of building the ultimate cryptocurrency.

Liberdyne is a decentralized P2P messenger with an emphasis on security and privacy.

Liberdyne uses the account base and transport protocols of the Dynemix blockchain system, which greatly improve the messenger’s capabilities. Due to the optimized usage of blockchain technology, Liberdyne can support a large userbase and is capable of competing with popular centralized solutions.

Liberdyne is designed to combine a social platform and a means of secure private communication in a single app, which operates in a unitary ecosystem. Depending on user preferences, Liberdyne can be run in the private mode, which provides the highest level of security and privacy, or in the social mode, which provides familiar social functions. At the same time, private users can interact with socialized users without any threat to their privacy.


Liberdyne/Dynemix combined

Together, Liberdyne and Dynemix provide the following features:

Helicopter dynes

The platform features a novel reward distribution system that disperses newly issued coins, which are called dynes, among the majority of Liberdyne users instead of concentrating them in the hands of professional minters. This greatly increases the level of decentralization and becomes an embodiment of a new egalitarian monetary policy based on the concept of helicopter money.

Liberdyne pays you for using it

Our reward distribution system builds a powerful marketing concept – since dynes are distributed among users who perform different support functions, some of which are available even on mobile devices, it starts to look like Liberdyne pays users for simply using it. The smaller the userbase is, the more dynes each user obtains, which incentivizes people to join ASAP.

Traffic obfuscation: meta data analysis hindered

Liberdyne and Dynemix share transport protocols. This combines messages, transactions, and technical data into a unitary data flow, which severely obstructs metadata analysis attempts. Furthermore, the system features an integrated secure anonymous tunneling protocol that uses the principles of onion routing and provides TOR-grade security.

Content filtering as a service

Liberdyne features a breakthrough content filtering approach that solves the issue of biased censorship, which is highly relevant with regard to centralized social services. Filtering is performed by exogenous oracles chosen by users themselves, which hinders the imposition of any particular agenda through censorship.

A solution to the entry threshold issue

Because it’s integrated into a familiar type of an app, the cryptocurrency stops being perceived as something complicated and unfriendly, which helps Dynemix overcome the entry threshold and introduce a blockchain payment system to a general audience via a simple and intuitive interface. No additional software is required to use the Dynemix platform.

General info

Website: www.liberdyne.com

Documentation: www.liberdyne.com/documents

Contact for offers of cooperation or investments: www.liberdyne.com/contacts

Founder and CEO: Dmitriy Petryakov


Coin sale

The initial coin supply of 1 trillion dynes will be distributed in the following way:

• Private sale – 1-10% of the issued dynes or 10-100 billion dynes.
  
  Currently, we are open for negotiations with interested parties on the matter of private investments. Feel free to contact the founder, Dmitriy Petryakov, on this matter. Any particular conditions will be discussed privately.
  
  We would like to emphasize that no dynes will be delivered before the mainnet launch, and that any private placement will be conducted in the form of SAFT.
  
  
• Public sale – 79-88% of the issued dynes or 790-880 billion dynes.
  
  The bulk of tokens will be distributed via a prolonged public sale at the market price via stock exchanges after the mainnet launch. More information will be provided later.
  
  
• Team – 10% of the issued dynes or 100 billion dynes.

IMPORTANT NOTICE!

Please be aware that we are not going to allow any token trade before the mainnet launch, which means that if someone offers you dynes that were allegedly placed during the closed sale or obtained directly from a member of the team, it is undoubtedly a fraud attempt.

The only person authorized to conduct negotiations on the matter of token distribution is the project’s founder, Dmitriy Petryakov. Do not trust any other person who claims to possess such authorization.

Bounty campaign

Information will be provided later, stay tuned!