@ Devs or anyone that knows...
Is there a way to import android wallet into linux wallet ?
i have the private keys... just want to know if i import the seed words directly or do i have to convert them into ( 5u6h56565zg64zg34r37f) form ?
Topic: GRAFT - Universal Payment Processing Network - page 92. (Read 84390 times)
I like the ideas behind this project, and the efforts that have gone into it by the founders, and their credentials too (if you look at the team page and google their names). However, I have the following doubts:
(1) The name GRAFT is terrible, because in the US this is a colloquial term referring to insider embezzlement or corruption. A glance at Merriam Webster will reveal this, or a search of headlines with the term 'graft' in the New York Times - the vast majority of the articles that come up have to do with corruption. It strikes me that the founders of this coin are not native American English speakers (the term does not have this meaning in British English, where it means 'hard work', the opposite) and simply did not know this. But for wide acceptance, there is no denying that the name is a major blunder.
(2) The supernode system for fast approval of payments sounds like a good solution (and a solution is certainly needed) but how is it protected from hacking and defrauding? Payments are approved outside the blockchain, which is the only mechanism guaranteed to be fraud-proof (the whole point of its existence). So how is payment security outside the blockchain going to be implemented? There is no information about this that I can find in the white paper or on the website.
(3) I don't understand the business model going forward for point-of-sale. Either the idea is (a) to partner with existing POS providers, such as Visa and Mastercard, or (b) create a new POS network. Option (a) is a non-starter; existing providers will not partner with Graft for obvious reasons. First of all, the whole idea of the coin is to subvert the existing system, and existing providers will obviously regard it as a direct threat to their existence. Second, there is the whole privacy and untraceability aspect; while we as consumers may like and want this, existing POS providers will not accept a payments system where they can garner no information about payee identities, amounts, track payments, etc. Apart from security and money laundering issues, it goes counter to the whole direction of their business model, which is to track users and predict their spending habits, etc. This leaves (b), which means founding a whole new POS network, with new hardware, and getting businesses to accept this. This requires a MAJOR investment and planning, and is a HUGE undertaking. Is there any evidence that the Graft team is prepared for this, and/or is capable of it? Apart from requiring huge investment up front in terms of the network hardware, it also requires getting merchants to sign on the dotted line, and the only way to do this (initially) would be to offer them the terminals for free, which implies even more investment. How much is this all going to cost? What is the plan? Is there even a chance that any merchants would sign up?
(4) Even if (3) can be surmounted, there is the regulatory issue. Given that merchants would need to sign up to this, how can Graft be guaranteed to be consistent with local regulations in the areas in which it is proposed to operate? Especially given the money laundering issues having to do with choosing a blockchain whose major feature is obfuscation of transactions and fungibility? I can see major problems here.
Until there is some sort of answer from the team on all of the above points, I won't be investing in this.
(1) The name GRAFT is terrible, because in the US this is a colloquial term referring to insider embezzlement or corruption. A glance at Merriam Webster will reveal this, or a search of headlines with the term 'graft' in the New York Times - the vast majority of the articles that come up have to do with corruption. It strikes me that the founders of this coin are not native American English speakers (the term does not have this meaning in British English, where it means 'hard work', the opposite) and simply did not know this. But for wide acceptance, there is no denying that the name is a major blunder.
(2) The supernode system for fast approval of payments sounds like a good solution (and a solution is certainly needed) but how is it protected from hacking and defrauding? Payments are approved outside the blockchain, which is the only mechanism guaranteed to be fraud-proof (the whole point of its existence). So how is payment security outside the blockchain going to be implemented? There is no information about this that I can find in the white paper or on the website.
(3) I don't understand the business model going forward for point-of-sale. Either the idea is (a) to partner with existing POS providers, such as Visa and Mastercard, or (b) create a new POS network. Option (a) is a non-starter; existing providers will not partner with Graft for obvious reasons. First of all, the whole idea of the coin is to subvert the existing system, and existing providers will obviously regard it as a direct threat to their existence. Second, there is the whole privacy and untraceability aspect; while we as consumers may like and want this, existing POS providers will not accept a payments system where they can garner no information about payee identities, amounts, track payments, etc. Apart from security and money laundering issues, it goes counter to the whole direction of their business model, which is to track users and predict their spending habits, etc. This leaves (b), which means founding a whole new POS network, with new hardware, and getting businesses to accept this. This requires a MAJOR investment and planning, and is a HUGE undertaking. Is there any evidence that the Graft team is prepared for this, and/or is capable of it? Apart from requiring huge investment up front in terms of the network hardware, it also requires getting merchants to sign on the dotted line, and the only way to do this (initially) would be to offer them the terminals for free, which implies even more investment. How much is this all going to cost? What is the plan? Is there even a chance that any merchants would sign up?
(4) Even if (3) can be surmounted, there is the regulatory issue. Given that merchants would need to sign up to this, how can Graft be guaranteed to be consistent with local regulations in the areas in which it is proposed to operate? Especially given the money laundering issues having to do with choosing a blockchain whose major feature is obfuscation of transactions and fungibility? I can see major problems here.
Until there is some sort of answer from the team on all of the above points, I won't be investing in this.
the Graft name is wonderful who cares if you don't like it ? they explain it in the Dubai conference video by the second guy in charge Idkis something (sorry I know I am butchering his name) and they explain it in the white paper.. get over the name. now here's the meat of the matter and why I am writing this: adoption for something like this is a HUGE deal you're right !! so knowing what I think I know about payment processing I believe the trick lies in the MSO's which are the middle men or marketing and sales organizations. They drive adoption by getting merchants to accept new ideas and technology (BIGGEST question is what is their incentive) ?
although I am a huge fan of a Crypto POS gateway for the masses (like Pundix in Asia) I wonder how the specifics might work or what will drive some of the small chains (because that's who they would go after initially) to adopt a free crypto terminal that claims to be a Universal Payment Processing Network ? yo have to go after the smaller chains because SMO's can't afford to go after mom & Pop at first and they can't convince burger king either for a long while.. so how will this work ? Pundi pundi has a nice high tech terminal without an MCR I think it uses NFC to communicate to their card. They raised their ICO goal without much struggle but they promoted nicely with some Youtubers like Ian Malina and such (which cost them a bunch I am sure).
so although I am a big believer in the tech and can see how consumers will be alright by slowly accepting crypto as a medium (unfortunately VISA is needed for most to begin with) HOW will they or WE get the merchants to adopt and learn something more complicated ? free terminals is not enough.. online merchants have a huge advantage and would probably be first adopters of a new crypto payment processor like GRAFT but they will also take Litecoin and others so please explain to me or give me the plan of action for driving Merchants to sign up ?
Fellestreum, graft have different definition and meaning and base on the reason ans the benefit behind this great project the graft the team mean wad a bud or scion of a plant which also help plant in continues to grow i.e Graft Network is a bud which will help Cryptocurrency to continue to grow.
I like the ideas behind this project, and the efforts that have gone into it by the founders, and their credentials too (if you look at the team page and google their names). However, I have the following doubts:
(1) The name GRAFT is terrible, because in the US this is a colloquial term referring to insider embezzlement or corruption. A glance at Merriam Webster will reveal this, or a search of headlines with the term 'graft' in the New York Times - the vast majority of the articles that come up have to do with corruption. It strikes me that the founders of this coin are not native American English speakers (the term does not have this meaning in British English, where it means 'hard work', the opposite) and simply did not know this. But for wide acceptance, there is no denying that the name is a major blunder.
(2) The supernode system for fast approval of payments sounds like a good solution (and a solution is certainly needed) but how is it protected from hacking and defrauding? Payments are approved outside the blockchain, which is the only mechanism guaranteed to be fraud-proof (the whole point of its existence). So how is payment security outside the blockchain going to be implemented? There is no information about this that I can find in the white paper or on the website.
(3) I don't understand the business model going forward for point-of-sale. Either the idea is (a) to partner with existing POS providers, such as Visa and Mastercard, or (b) create a new POS network. Option (a) is a non-starter; existing providers will not partner with Graft for obvious reasons. First of all, the whole idea of the coin is to subvert the existing system, and existing providers will obviously regard it as a direct threat to their existence. Second, there is the whole privacy and untraceability aspect; while we as consumers may like and want this, existing POS providers will not accept a payments system where they can garner no information about payee identities, amounts, track payments, etc. Apart from security and money laundering issues, it goes counter to the whole direction of their business model, which is to track users and predict their spending habits, etc. This leaves (b), which means founding a whole new POS network, with new hardware, and getting businesses to accept this. This requires a MAJOR investment and planning, and is a HUGE undertaking. Is there any evidence that the Graft team is prepared for this, and/or is capable of it? Apart from requiring huge investment up front in terms of the network hardware, it also requires getting merchants to sign on the dotted line, and the only way to do this (initially) would be to offer them the terminals for free, which implies even more investment. How much is this all going to cost? What is the plan? Is there even a chance that any merchants would sign up?
(4) Even if (3) can be surmounted, there is the regulatory issue. Given that merchants would need to sign up to this, how can Graft be guaranteed to be consistent with local regulations in the areas in which it is proposed to operate? Especially given the money laundering issues having to do with choosing a blockchain whose major feature is obfuscation of transactions and fungibility? I can see major problems here.
Until there is some sort of answer from the team on all of the above points, I won't be investing in this.
(1) The name GRAFT is terrible, because in the US this is a colloquial term referring to insider embezzlement or corruption. A glance at Merriam Webster will reveal this, or a search of headlines with the term 'graft' in the New York Times - the vast majority of the articles that come up have to do with corruption. It strikes me that the founders of this coin are not native American English speakers (the term does not have this meaning in British English, where it means 'hard work', the opposite) and simply did not know this. But for wide acceptance, there is no denying that the name is a major blunder.
(2) The supernode system for fast approval of payments sounds like a good solution (and a solution is certainly needed) but how is it protected from hacking and defrauding? Payments are approved outside the blockchain, which is the only mechanism guaranteed to be fraud-proof (the whole point of its existence). So how is payment security outside the blockchain going to be implemented? There is no information about this that I can find in the white paper or on the website.
(3) I don't understand the business model going forward for point-of-sale. Either the idea is (a) to partner with existing POS providers, such as Visa and Mastercard, or (b) create a new POS network. Option (a) is a non-starter; existing providers will not partner with Graft for obvious reasons. First of all, the whole idea of the coin is to subvert the existing system, and existing providers will obviously regard it as a direct threat to their existence. Second, there is the whole privacy and untraceability aspect; while we as consumers may like and want this, existing POS providers will not accept a payments system where they can garner no information about payee identities, amounts, track payments, etc. Apart from security and money laundering issues, it goes counter to the whole direction of their business model, which is to track users and predict their spending habits, etc. This leaves (b), which means founding a whole new POS network, with new hardware, and getting businesses to accept this. This requires a MAJOR investment and planning, and is a HUGE undertaking. Is there any evidence that the Graft team is prepared for this, and/or is capable of it? Apart from requiring huge investment up front in terms of the network hardware, it also requires getting merchants to sign on the dotted line, and the only way to do this (initially) would be to offer them the terminals for free, which implies even more investment. How much is this all going to cost? What is the plan? Is there even a chance that any merchants would sign up?
(4) Even if (3) can be surmounted, there is the regulatory issue. Given that merchants would need to sign up to this, how can Graft be guaranteed to be consistent with local regulations in the areas in which it is proposed to operate? Especially given the money laundering issues having to do with choosing a blockchain whose major feature is obfuscation of transactions and fungibility? I can see major problems here.
Until there is some sort of answer from the team on all of the above points, I won't be investing in this.
the Graft name is wonderful who cares if you don't like it ? they explain it in the Dubai conference video by the second guy in charge Idkis something (sorry I know I am butchering his name) and they explain it in the white paper.. get over the name. now here's the meat of the matter and why I am writing this: adoption for something like this is a HUGE deal you're right !! so knowing what I think I know about payment processing I believe the trick lies in the MSO's which are the middle men or marketing and sales organizations. They drive adoption by getting merchants to accept new ideas and technology (BIGGEST question is what is their incentive) ?
although I am a huge fan of a Crypto POS gateway for the masses (like Pundix in Asia) I wonder how the specifics might work or what will drive some of the small chains (because that's who they would go after initially) to adopt a free crypto terminal that claims to be a Universal Payment Processing Network ? yo have to go after the smaller chains because SMO's can't afford to go after mom & Pop at first and they can't convince burger king either for a long while.. so how will this work ? Pundi pundi has a nice high tech terminal without an MCR I think it uses NFC to communicate to their card. They raised their ICO goal without much struggle but they promoted nicely with some Youtubers like Ian Malina and such (which cost them a bunch I am sure).
so although I am a big believer in the tech and can see how consumers will be alright by slowly accepting crypto as a medium (unfortunately VISA is needed for most to begin with) HOW will they or WE get the merchants to adopt and learn something more complicated ? free terminals is not enough.. online merchants have a huge advantage and would probably be first adopters of a new crypto payment processor like GRAFT but they will also take Litecoin and others so please explain to me or give me the plan of action for driving Merchants to sign up ?
Nice post
Go GRAFT to the moooooon
I like the ideas behind this project, and the efforts that have gone into it by the founders, and their credentials too (if you look at the team page and google their names). However, I have the following doubts:
(1) The name GRAFT is terrible, because in the US this is a colloquial term referring to insider embezzlement or corruption. A glance at Merriam Webster will reveal this, or a search of headlines with the term 'graft' in the New York Times - the vast majority of the articles that come up have to do with corruption. It strikes me that the founders of this coin are not native American English speakers (the term does not have this meaning in British English, where it means 'hard work', the opposite) and simply did not know this. But for wide acceptance, there is no denying that the name is a major blunder.
(2) The supernode system for fast approval of payments sounds like a good solution (and a solution is certainly needed) but how is it protected from hacking and defrauding? Payments are approved outside the blockchain, which is the only mechanism guaranteed to be fraud-proof (the whole point of its existence). So how is payment security outside the blockchain going to be implemented? There is no information about this that I can find in the white paper or on the website.
(3) I don't understand the business model going forward for point-of-sale. Either the idea is (a) to partner with existing POS providers, such as Visa and Mastercard, or (b) create a new POS network. Option (a) is a non-starter; existing providers will not partner with Graft for obvious reasons. First of all, the whole idea of the coin is to subvert the existing system, and existing providers will obviously regard it as a direct threat to their existence. Second, there is the whole privacy and untraceability aspect; while we as consumers may like and want this, existing POS providers will not accept a payments system where they can garner no information about payee identities, amounts, track payments, etc. Apart from security and money laundering issues, it goes counter to the whole direction of their business model, which is to track users and predict their spending habits, etc. This leaves (b), which means founding a whole new POS network, with new hardware, and getting businesses to accept this. This requires a MAJOR investment and planning, and is a HUGE undertaking. Is there any evidence that the Graft team is prepared for this, and/or is capable of it? Apart from requiring huge investment up front in terms of the network hardware, it also requires getting merchants to sign on the dotted line, and the only way to do this (initially) would be to offer them the terminals for free, which implies even more investment. How much is this all going to cost? What is the plan? Is there even a chance that any merchants would sign up?
(4) Even if (3) can be surmounted, there is the regulatory issue. Given that merchants would need to sign up to this, how can Graft be guaranteed to be consistent with local regulations in the areas in which it is proposed to operate? Especially given the money laundering issues having to do with choosing a blockchain whose major feature is obfuscation of transactions and fungibility? I can see major problems here.
Until there is some sort of answer from the team on all of the above points, I won't be investing in this.
(1) The name GRAFT is terrible, because in the US this is a colloquial term referring to insider embezzlement or corruption. A glance at Merriam Webster will reveal this, or a search of headlines with the term 'graft' in the New York Times - the vast majority of the articles that come up have to do with corruption. It strikes me that the founders of this coin are not native American English speakers (the term does not have this meaning in British English, where it means 'hard work', the opposite) and simply did not know this. But for wide acceptance, there is no denying that the name is a major blunder.
(2) The supernode system for fast approval of payments sounds like a good solution (and a solution is certainly needed) but how is it protected from hacking and defrauding? Payments are approved outside the blockchain, which is the only mechanism guaranteed to be fraud-proof (the whole point of its existence). So how is payment security outside the blockchain going to be implemented? There is no information about this that I can find in the white paper or on the website.
(3) I don't understand the business model going forward for point-of-sale. Either the idea is (a) to partner with existing POS providers, such as Visa and Mastercard, or (b) create a new POS network. Option (a) is a non-starter; existing providers will not partner with Graft for obvious reasons. First of all, the whole idea of the coin is to subvert the existing system, and existing providers will obviously regard it as a direct threat to their existence. Second, there is the whole privacy and untraceability aspect; while we as consumers may like and want this, existing POS providers will not accept a payments system where they can garner no information about payee identities, amounts, track payments, etc. Apart from security and money laundering issues, it goes counter to the whole direction of their business model, which is to track users and predict their spending habits, etc. This leaves (b), which means founding a whole new POS network, with new hardware, and getting businesses to accept this. This requires a MAJOR investment and planning, and is a HUGE undertaking. Is there any evidence that the Graft team is prepared for this, and/or is capable of it? Apart from requiring huge investment up front in terms of the network hardware, it also requires getting merchants to sign on the dotted line, and the only way to do this (initially) would be to offer them the terminals for free, which implies even more investment. How much is this all going to cost? What is the plan? Is there even a chance that any merchants would sign up?
(4) Even if (3) can be surmounted, there is the regulatory issue. Given that merchants would need to sign up to this, how can Graft be guaranteed to be consistent with local regulations in the areas in which it is proposed to operate? Especially given the money laundering issues having to do with choosing a blockchain whose major feature is obfuscation of transactions and fungibility? I can see major problems here.
Until there is some sort of answer from the team on all of the above points, I won't be investing in this.
the Graft name is wonderful who cares if you don't like it ? they explain it in the Dubai conference video by the second guy in charge Idkis something (sorry I know I am butchering his name) and they explain it in the white paper.. get over the name. now here's the meat of the matter and why I am writing this: adoption for something like this is a HUGE deal you're right !! so knowing what I think I know about payment processing I believe the trick lies in the MSO's which are the middle men or marketing and sales organizations. They drive adoption by getting merchants to accept new ideas and technology (BIGGEST question is what is their incentive) ?
although I am a huge fan of a Crypto POS gateway for the masses (like Pundix in Asia) I wonder how the specifics might work or what will drive some of the small chains (because that's who they would go after initially) to adopt a free crypto terminal that claims to be a Universal Payment Processing Network ? yo have to go after the smaller chains because SMO's can't afford to go after mom & Pop at first and they can't convince burger king either for a long while.. so how will this work ? Pundi pundi has a nice high tech terminal without an MCR I think it uses NFC to communicate to their card. They raised their ICO goal without much struggle but they promoted nicely with some Youtubers like Ian Malina and such (which cost them a bunch I am sure).
so although I am a big believer in the tech and can see how consumers will be alright by slowly accepting crypto as a medium (unfortunately VISA is needed for most to begin with) HOW will they or WE get the merchants to adopt and learn something more complicated ? free terminals is not enough.. online merchants have a huge advantage and would probably be first adopters of a new crypto payment processor like GRAFT but they will also take Litecoin and others so please explain to me or give me the plan of action for driving Merchants to sign up ?
Hi..is there 1 guide for setup 1 supernode for windows? Thanks
Yes, me too.. I would like to see a specific guide although I remember some good stuff on the graftonline website ?
From what I observed this free project has a promising prospect, I think this project has a good potential .. Network Graft project is an interesting idea for me .. if seen from the composition of the team is good, consisting of professionals .. I think this project will be successful and attract many investors .. I hope more teams promote this Graft project .. I am sure the project will attract a lot of interest of investors .. Good luck
I have the feeling that this project will be huge 
Less than two weeks left to join #GRAFT #ICO. Don't miss your chance to be a part of the turning point in #cryptopayment history. How? Find out at https://www.graft.network/ico/
make sure graft is listed on whattomine after exchange. that way we can fight fair and square with other cryptonights. hell, i hate that etn up there.
This project is very good and has been well put together according to the whitepaper Presentation. this will strengthen the vestor to follow closely. Will there be plans for future plans?
Yes, the Graft Network project was a good one and I will attract people in diverse sectors. However, the current future plans of the Graft team you ask for can find in the Milestones area on their ICO site.
This project is very good and has been well put together according to the whitepaper Presentation. this will strengthen the vestor to follow closely. Will there be plans for future plans?
They need to update the IOS wallet to see the transactions.
They really need to get the windows CLI/GUI wallet out already.
They really need to get the windows CLI/GUI wallet out already.
Yeah the IOS wallet seem to stuck at app store. The guys in instagram group gave me a unofficial version for desktop. Just installed in my mac to test. Let have a look.
https://www.reddit.com/r/Graft/comments/7wd8oz/graft_wallet_windows/
WTS 7500 graft for 0,12 BTC / 6,65 LTC (1600sat per graft)
Note: ICO price is 2620 sat per graft
Note: ICO price is 2620 sat per graft
I think due too the small total supply make the price a bit high.
as far as I understand there is no exchange now?
will be there any of them, do you have plans for it?
electroneum goes like crazy when they added to cryptopia
will be there any of them, do you have plans for it?
electroneum goes like crazy when they added to cryptopia
Maybe @Dev can try list on tradeogre.com is new exchange but they add cryptone altcoins veri kickly and easy.
as far as I understand there is no exchange now?
will be there any of them, do you have plans for it?
electroneum goes like crazy when they added to cryptopia
will be there any of them, do you have plans for it?
electroneum goes like crazy when they added to cryptopia
WTS 7500 graft for 0,12 BTC / 6,65 LTC (1600sat per graft)
Note: ICO price is 2620 sat per graft
Note: ICO price is 2620 sat per graft
I just found this video on youtube:
Dan Itkis Founder and CEO of Graft.Network at Dubai international Blockchain Summit
https://www.youtube.com/watch?v=xIO7DavTH94
Dan Itkis Founder and CEO of Graft.Network at Dubai international Blockchain Summit
https://www.youtube.com/watch?v=xIO7DavTH94
1. What is the current Super Node condition? And any guide for it?
2. I have tested mining with Claymore Cryptonote/ XML strik. But all showing the error authenticate failed.
https://user-images.githubusercontent.com/4360556/35907393-e7a9394e-0c41-11e8-9091-0871c5b76c79.png
Although, the address was generated from the app: https://github.com/zone117x/cryptonote-easy-miner/releases/
3. When I downloaded the IOS app. It show error: Item you've requested is not currently available in the U.S. store.
2. I have tested mining with Claymore Cryptonote/ XML strik. But all showing the error authenticate failed.
https://user-images.githubusercontent.com/4360556/35907393-e7a9394e-0c41-11e8-9091-0871c5b76c79.png
Although, the address was generated from the app: https://github.com/zone117x/cryptonote-easy-miner/releases/
3. When I downloaded the IOS app. It show error: Item you've requested is not currently available in the U.S. store.
I am thinking about getting into the ICO but I haven't found any news regarding on what exchange the coin is going to be listet after the ICO.Can anybody maybe answer this?
Firstly, you thinking about invest into Graft Network ICO was a right thinking because with Graft Network you're in save hand. However, I want you to understand that the Graft Team are working so hard to put everything in order and no exact exchange was mention but the exchange which the team will use will be a save and secure exchange because the Graft Team are people with highly experience.Ease your mind and invest now before the ICO end.
Is this coin a scam one? looks avoid in marketing, no CEO interview, not listed in ICOdrops.com.
Why they are so quiet in the marketing.
Why they are so quiet in the marketing.
It's NOT.. Graft is all over the place, I not only found nearly all team members on Linedin but I messaged the CEO and talked to devs on Telegram. They have great plans and expertise. I am just wondering how friendly apps will be on legacy hardware vs. special hardware like Pundix ??
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