Topic: [EMUNIE] One small step for transactions, one giant leap for crypto - page 4. (Read 5626 times)

Fuserleer I really like that the buffer will grow with the currency to help make sure that the currency will almost never be at risk of massive price swings

No idea at all what this infers, but if there is a free helicopter going, I'll take it

Curing Cancer is slow work.....whether it be biological/financial or another form

Plus, Satoshi took much longer than 2 years to develop Bitcoin, so patience already :p

Wowow, some emotions in here!


Thanks, its been one of the primary goals since inception, seemed so far away 2 years ago and now here it is.

As I said previously on a few occasions, due to the scope of everything, a single document is not going to work.  The economics will likely be one of the last things to be documented in detail, as it relies on an understanding of nearly all other system components to appreciate how it achieves what it does.

Some of this has been covered in previous posts, and the premise has not changed.

In a nutshell, there is a system account that contains an amount of EMU/other assets and its sole purpose is to buffer against short term movements that would result in a peaky price.

For example if a party was to come and sell a lot of EMU in one shot at a sub market price, where the result of selling that volume would sink the price below a system wide agreed lower threshold, then the system itself would buy that EMU with assets it holds (if it has enough) at the threshold level.

So assume the current EMU price is $0.11, and a large sell is placed with a price of $0.09, but the threshold is $0.10. The system will buy as many of that sell @ $0.10 as it can.

The same mechanics work for large buys that would push the price up past an upper threshold.  Assume a buyer rolls in with a large buy @ $0.13, the current price is $0.11 and the upper threshold is $0.12...the system will step in and sell EMU it holds at $0.12 in an attempt to cover the buy and keep the price in the agreed range.

Due to the internal DEX, the buffer always has some purchasing power.  If its selling EMU, it will receive another asset type (USD token) for that EMU.  If its buying EMU then it will be using USD tokens to purchase EMU.

At go live, the buffer will be credited with 10% of the total amount of currency the system is started with, so if there is 1M EMU at launch, the buffer will be credited with 100,000.  This should be enough to cover almost all short term pump/dump movements.  The buffer also receives 10% of all new currency being issued, (and in the cases where the buffer is low, system revenue from fees) so as to ensure its purchasing power -> currency ratio is always adequate to guard against "un-natural" movements.

If the case of a supply contraction, buffer assets are burned.  If enough can not be burned from the buffer, then EMU is purchased from the DEX, held for a short period in "limbo" and burnt later if the system doesn't return to an expansive state.

That is a VERY simplified explanation of whats going on, there is plenty of further detail required on the algorithms and mechanisms at play to get a fuller understanding, but the above should be enough to at least have an idea.

No doubt there will be a million questions from you lot though

Reverse helicopter Huges

Is this going to be in the white paper as well? That description leaves a lot of details out.

How do you reduce supply?

You make supply elastic, so you can lever both quantity and price if demand increases (or reduces).

Fortunately I have the Founder status. Had been very into eMunie for the first year, but due to some real life stuff I didn't have the time any more.
Good old times!



Stability is one of the features of eMunie.  It's to be archived by an complex supply and demand model.
Here is a bit better explanation on it: https://forum.emunie.com/threads/price-stability.1938/#post-19640

The p2p credit card is genius... but how will you get merchants to adopt a currency with massive volatility? They need fiat stability?

Technical documents will come. Some old threads to show how it performs - with a year old, obsolete ledger technology

https://forum.emunie.com/threads/a-crypto-first-a-well-done-and-a-thankyou.1613/

https://forum.emunie.com/threads/update-on-current-status-teasers-and-more.1760/

I don't know who you are, but you are lighting up the board with your hype. 
 
Please link me to am ANN topic or show me some technicals.  What algo are you using?  What's the distribution?  What do you bring technology wise that is unique?  How many transactions per second and can it scale?  Etc etc.   
 
Hype is cheap.  Show me something real.

In that case. you can surely look forward to alot of improvements. Back then, we were still using the - comparatively - slow block tree.

We usually do alot of founder testing and its been a while since the regular beta testers saw a beta. That should change soon

We are working hard to get this on the market. Even pulling some tests to late in the night (for me atleast). However, eMunie is a monumental project so as you already know, it takes time.  Thanks for your patience!

Hehe, why dose everything good have to take so long?
I will wait patiently ....like I have for the last two years
But I will try to catch the next test. Its been like one year almost that I participated in one I think.

There is no timeschedule as such - we had one before, but kept getting better and better ideas that meant we could not keep the deadlines. So, instead of dissapointing people with new ETA's, we are just working hard on idea generation, implementation and testing. Once it works as intended, we will have a open beta for everyone to test - and then a 3 month IPO (so that everybody can test it out and decide if they want in)
... and finally, GO TIME.

Great news Dan!

Keep up the good work. This solution is fast, simple and will help greatly in market penetration.

That is amazing! If this is to work, which I trust it will, this really has the potential to change the financial world in no time.
I can't wait for eMunie to finally get released!

Is there a ETA for the final release of live net yet?

Maybe you have Dan Hughes confused with someone else.  Anyone that has previously invested in eMunie and lost patience in the project was given a full refund a long time ago. Nobody was scammed here.  People of course will make up their own mind but I am happy to give it the "not a scam" label after observing the daily progress eMunie has made first hand over the last 2+ years. This is not something he is working on in his spare time. He works on this all day, every day for 15+ hours each day. I have also met Mr. Hughes in person over a year ago and confirm he is the real deal.

One of the main differences in the way eMunie will launch compared to other new solutions is that when a public IPO takes place the product will also be ready to roll out to the average consumer (with a fully working and feature filled GUI) vs. requiring another year of Dev time or to use a live network as a test net. 

A native debit card crypto solution like this will make the need for 3rd party solutions irrelevant. It is also a great step forward to see this working with existing point of sale systems. Interesting times ahead.

The above statement is just my opinion, people can look at the facts and make up their own mind.

Wow.  Seems like the loonies have come out from under their rocks.  They must obviously see the writing on the wall of their own pending demise and thus attempt to label it a scam.  Sad, truly sad.

"Sell crazy some place else.  We're all stocked up here." -Melvin Udall

who is dan? is that dan the scammer? is that dan the want to be get rich quick scammer in alt coin world?