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Topic: GRAFT - Universal Payment Processing Network - page 15. (Read 84389 times)

hero member
Activity: 1078
Merit: 511
What about nem tokens?
full member
Activity: 496
Merit: 104
UNIVERSAL PAYMENT BLOCKCHAIN
RTA alpha, RFC, ETH pay-in broker, and more - in GRAFT Weekly Development Status Update December 3rd, 2018 https://www.graft.network/2018/12/04/graft-weekly-development-status-update-december-3rd-2018/
full member
Activity: 675
Merit: 100
Kind of funny that Graft team now says Graft is not an "investment" yet they weren't saying that back when they did their ICO huh?
hero member
Activity: 1078
Merit: 511
Hello. How to swap coins from NEM wallet?
newbie
Activity: 30
Merit: 0
We looking for miners to our GRAFT pool

Welcome to https://graft.cool-pool.net

Professional & Stable , workers support, adjustable payout threshold, telegram notification, mine direct to exchange, static diff
newbie
Activity: 12
Merit: 0
answers on discord, here is transcript if you want to laugh:

[Snip]


Your question: How do pay-out brokers mitigate against risks associated with market fluctuations?
My Answer: The graft articles specifically state that exchange brokers assume risk in exchange for reward. Specific risks associated with market fluctuation could be mitigated by shorting or longing the currency of choice.

I am not a dev or associated with the team but I do follow the project.
newbie
Activity: 33
Merit: 0
answers on discord, here is transcript if you want to laugh:

ME 13:34
There are many questions on bitcointalk and reddit there arent answered for a long time, some of them over month

Crypto Robo 13:35
I don't handle BTC talk or Reddit, sorry.  There is a large community here and on Telegram, and nearly every question is answered or has been answered.  Please feel free to let me know if you have a question.

ME 13:35
if team with 3 million dollars from ICO couldn't pay someone to answer questions and do proper community management, ok

CryptoRobo 13:36
Do you have a question?
I am not here to debate or talk about the ICO, just here to help get your questions answered buddy.

ME 13:36
I want to know what is the difference between my money on exchange and doing trading and exchange broker - what are the safety mechanisms for exchange brokers in case of sudden price spike / drop?
When will be money from Crypto App be available to withdraw to wallet?
I am asking that question for 2 months on bitcointalk over and over, and no respose from the team

CryptoRobo 13:39
I think a lot of the exchange broker pieces are still being worked out and tweaked.  There is a new video in the #announcements channel that helps explain them, but precise details have not yet been released.  I think a lot of that is up to each exchange broker to set up and manage, and negotiate with other exchanges for best deals.  There certainly seems to be some risk involved with exchange brokering, unless you were an actual exchange.

ME 13:40
That video didn't answer any question
Let's imagine this situation:
current GRAFT market price is 208 satoshis

CryptoRobo 13:41
As I said, a lot of the precise details are likely still being worked out, so there is not an answer to the question yet.  Graft team has really improved on communication and explanation of how things will work, to include putting out a lot of good videos to help understand.  Remember, this is ALL new tech and processes, so there is some R&D that gets done "along the way", as this eco system evolves.

ME 13:42
I want to buy it as exchange broker 100k at 205 satoshis
in meanwhile BTC drops and it drops 10% so new market price is 185 satoshis
where is the safety mechanism to prevent me from failing, like I would fail on regular exchange?
(if I just leave my bid as is, and not following the market constantly)
to rephrase the question - what is the purpose of exchange broker then?

CryptoRobo 13:43
I saw your question about the price fluctuations, and unfortunately, I don't have the answer man.  Is your question just about buying Graft on exchange?
an exchange broker is used when:

ME 13:44
No my question was about safety mechanism for exchange broker, since zero details are release about it

CryptoRobo 13:44
a customer wants to pay for their purchase in, lets say....BTC at time of purchase.
let me type please

ME 13:44
I don't want a powerpoint presentation with money circulation, that's all we got now

CryptoRobo 13:44
stop responding at every sentence. I am trying to answer  your question
a customer wants to pay for their purchase in, lets say....BTC at time of purchase. So, they select the proper buttons at that time, scan BTC QR code on pos device with their BTC wallet (likely from their phone), and their BTC is sent. Now, BTC doesn't move on the Graft Network. Graft Does. So...the BTC comes in, is validated the funds are good, then that BTC needs to be exchanged to Graft, to travel across the network, so it goes to an "exchange broker", is exchanged to Graft. Then moves across the network. Now, let's say the merchant wants to accept Graft at final settlement of each transaction. Then he gets the Graft.
Now - let's say he wants paid in USD
at time of settlement
well, then the Graft now needs to be exchanged for USD once it moves across the network, so a pay out exchange broker will take in the Graft, exchange for USD and send that payment on to the merchant.
This can be said for any currency
so, the exchange broker allows the Graft Network to accept and pay out in any currency
make sense?

ME 13:48
Thanks I got that from that powerpoint presentation that explains money flow

CryptoRobo 13:48
ok, so that's all we know at this point
we know 0 more than that

ME 13:50
There is Stellar for example that makes literally instant transaction, and there is Graft which takes a lot of time for transaction and now all that with exchanging this to that and confirming this to that, even from technological side it is impossible to make it instant. So I can freely scan BTC code at cashier and step aside line for 15-20 min and return untill everything is confirmed?

CryptoRobo 13:50
I believe there is a lock in period for prices as well - as this all happens very rapidly of course
no - because the network validates you have the funds
there are also off chain transaction processing capabilities

ME 13:52
It sounds nice but what you are saying doesn't really mean anything. Let's say I am leaving home now and I want to go to store, where I will be in like 20 minutes and I am just transfering my BTC to my mobile wallet

CryptoRobo 13:52
I also believe that exchange brokers can choose whether they'll accept instant or want confirmations, since the network checks the senders wallet for funds available.

ME 13:52
Untill I get there I will have money in BTC wallet

CryptoRobo 13:52
Then don't pay with BTC....simple


ME 13:52
So offchain transactions and validating funds and that
LOL
LOL ok thanks for your time
newbie
Activity: 33
Merit: 0
When we can transfer GRFT from CryptoFind to our wallets?  Huh Huh

They ignore this question for a year, I think never, it is a lie ...  Huh
as well as promises to compensate for the difference of coins, after 8 months after ICO!
They ignoring every possible question, people are not stupid and network hashrate is dropping all the time.
They giving rewards 200 GRAFT for 5 places on crypto app after you locating 5 stores and owner of stores must confirm, that is 2 USD worth lol lol lol
jr. member
Activity: 51
Merit: 1
When we can transfer GRFT from CryptoFind to our wallets?  Huh Huh

They ignore this question for a year, I think never, it is a lie ...  Huh
as well as promises to compensate for the difference of coins, after 8 months after ICO!
copper member
Activity: 518
Merit: 0
When we can transfer GRFT from CryptoFind to our wallets?  Huh Huh
full member
Activity: 496
Merit: 104
UNIVERSAL PAYMENT BLOCKCHAIN
Pay-in broker is a type of an exchange broker that allows GRAFT point of sale and payment terminal apps to accept BTC, ETH, and any other altcoins in addition to GRFT as a method of payment at merchant checkout. Learn more in this video: https://www.graft.network/2018/08/18/exchange-brokers-explained/
full member
Activity: 496
Merit: 104
UNIVERSAL PAYMENT BLOCKCHAIN
Welcome French speakers. We have a great new translation of GRAFT White Paper in French language! Enjoy the read.
Bienvenue aux francophones. Le Livre blanc de GRAFT est désormais disponible en français. Bonne lecture! https://www.graft.network/wp-content/uploads/2018/11/Graft-White-Paper-v3-New-Format_FR.pdf
newbie
Activity: 33
Merit: 0
I think you can just give up finnaly

https://twitter.com/chblm/status/1068115479053651968

Able to use BTC, BTC Cash, ETH, XLM, and their own stable coin for debit card in partnership with MasterCard
full member
Activity: 496
Merit: 104
UNIVERSAL PAYMENT BLOCKCHAIN
Last month, we released an updated version of GRAFT white paper. We have added recent proposals created since the previous release, and summarized the changes in the original functionality. Check it out! https://www.graft.network/wp-content/uploads/2018/10/Graft_White_Paper_3.0_October_2018.pdf
full member
Activity: 826
Merit: 103
How to transfer from the windows Graft wallet? I have a main balance that says it is unlocked and updated, but there is no way to transfer any coins. The "transfer" button is greyed out in the main account display. Using windows 10 1809. Graft mainnet v1.13.1

Can anyone help me with this please.

Edit. Never mind. I figured it out  Grin
full member
Activity: 496
Merit: 104
UNIVERSAL PAYMENT BLOCKCHAIN
GRAFT in a nutshell
jr. member
Activity: 51
Merit: 1
GRAFT Weekly Development Status Update November 26, 2018 - Hybrid Community Development Model https://www.graft.network/blog/


Are you completely insolent? Okay, you chose, and did not pay the difference as promised - from the price of ICO.
So now my balance of Crypto Find is zeroed, shame - you are moral freaks! Itsa HARD !!!  Shocked Shocked Shocked
1 year jobs...  coin - is fire!
hero member
Activity: 980
Merit: 500
Being mineable token maximum supply of around 1.8 billion clears that part. Now I would like to ask about circulating supply and total supply supply. Is the total suplply which is shown as 1.15 billion is available or this sum also make part from that to be mined yet ? The more the payment processor the better we can expect as clients a healthier competition provide better services. This is why we need such payment processors to have checks on one another.
full member
Activity: 496
Merit: 104
UNIVERSAL PAYMENT BLOCKCHAIN
GRAFT Weekly Development Status Update November 26, 2018 - Hybrid Community Development Model https://www.graft.network/blog/
newbie
Activity: 34
Merit: 0
Graft (GRFT) Mining Pool by modpool.org


Pool Url: https://graft.modpool.org/

Pool Fee: 0.8%

Features:

•   PaymentID payments for exchanges, you can directly mine to an exchange that supports this feature
•   PaymentID, integrated address, subaddress supported
•   “Slush” payment system ( For details, please check “Payments” Menu)
•   Stats and hashrate chart per worker
•   Profit Calculator
•   Pending Balance, Total Paid, Round contribution, Current Payout Estimate
•   Payment Histoy – Daily  
•   Top 10 miners list
•   Average 1/6/24-hour Hash Rate
•   Discord channel : https://discord.gg/JW3VJfs
•   Telegram channel: https://t.me/modpoolorg
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