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Topic: [PRE-ANN] Stone - DAG Data-Structured Private Cryptocurrency - page 14. (Read 42214 times)

newbie
Activity: 29
Merit: 0
I really don't see why anyone would want to turn this into a regulated system.
Ever notice how people involved in cryptocurrencies don't grasp the basic idea of freedom? Pretty paradoxical.

99% of people invested in crypto are in it for its value in fiat currency, which seems paradoxical too, but it's human nature. The thought coming to mind for probably 99% of people coming across this thread is not "wow, directed acyclic graph combined with privacy features, I can not wait to see this widely adopted to be able to buy my stuff without any entity being able to trace my transactions", but rather "wow, DAG + privacy, if this blows up like RaiBlocks / Nano and I'm in it early enough, this could be my moonshot to cash out big time". I am not saying this in a judgmental way even, widespread adoption is still years away, so it is hard to imagine when, how and if there will ever be a severe transition away from fiat to crypto. Smiley

Exciting times to be alive, so we might as well gamble a bit and by all means, never sell your whole stack of any coin right now that might have a chance to achieve mass adoption, even if you're in for the big cash out.  Cool
newbie
Activity: 12
Merit: 0
I really don't see why anyone would want to turn this into a regulated system.

Ever notice how people involved in cryptocurrencies don't grasp the basic idea of freedom? Pretty paradoxical.
newbie
Activity: 225
Merit: 0
i will watch this one closely! hope i can joined in it,keep us update,goo luck with the project!


Go to etherdelta or forkdelta and buy some tokens there if you want in.
newbie
Activity: 29
Merit: 0
I would like to mention that many people are picking up the tokens that are being traded on Fork Delta. It is my understanding that people who've received tokens and lost interest and/or trust have the right to "sell" their shares of the project for whichever price they see appropriate.

I've bought a small portion myself because of the risk/reward associated with this project and would obviously like that the ERC-20 tokens being traded around keeps it's intended potential value. Cryptocurrencies revolve around free market economics - let's keep it that way.

Obviously, the traded tokens must hold the same value as the ones directly distributed to donators, as they are the same. So when felixando decided to distribute ERC20 tokens, I'm sure he was aware that this means that from that moment on people will be trading, for whatever reasons. Smiley
newbie
Activity: 225
Merit: 0

1.I understand that tokens act like place holders to be with swapped with real coins when mainnet is ready and the tokens have zero value.The total supply is 150 million coins and 30% will be distributed to donators.So around 45 million tokens max are needed to be distributed to donators.I don't understand why you have created a contract with 150 million tokens ?

Will you be burning the remaining tokens after distribution to donors is completed?
This will bring integrity and trust to project and devs and will have automatic assurance that the remaining tokens are not sold or used for further donations/fund raising ,etc


150 million allows flexibility so things like bounties and Nano and Bitcoin payments can happen after testnet but before mainnet. It makes distribution much easier and is the method used by most coins that start out as tokens

2.As said earlier,STONE tokens is a temp arrangement (just a proof donation) and will be swapped,when mainnet is live.They are not intended for trading or listing on exchanges (cos it is not part of project activity).

No, that is what you just said. They are a marker of coins until actual coins can be produced. This is a very common method of distribution and all other tokens are tradeable.

So ,why not bring out policy that the mainnet coins will be swapped with the coins that are sent to the original ETH addresses and not with third parties ?
I believe that 99% of donators are fully aware that while donating that the project takes atleast 2 months to go live and this is not ICO/Airdrop/bounty to dump the coins on listing.I see the price at exchange is around 20% of the donation value.No sane 'donators' will be selling at that price,since they treated it has charity/donation/gamble .They prefer to lose 100% or gain 100% and not settle for 20%. Trading is only used for FUD/FOMO by vested people

Bad idea, this is just unnecessary and unjustified control. The tokens are thee to allow easy and flexibility. Some people want out or to reduce their stake and that is fair. Others want in or to increase their stake. All other tokens are tradeable and not tracked. Why would we want to force people to stay in if they feel the risk is too high. Yes, some people are selling at a loss but that is what happens in cryptocurrency. If felixando publishes some code, the tables may be turned and the cost of tokens will be higher than initial investment. I really don't see why anyone would want to turn this into a regulated system.
newbie
Activity: 12
Merit: 0

1.I understand that tokens act like place holders to be with swapped with real coins when mainnet is ready and the tokens have zero value.The total supply is 150 million coins and 30% will be distributed to donators.So around 45 million tokens max are needed to be distributed to donators.I don't understand why you have created a contract with 150 million tokens ?

Will you be burning the remaining tokens after distribution to donors is completed?
This will bring integrity and trust to project and devs and will have automatic assurance that the remaining tokens are not sold or used for further donations/fund raising ,etc

2.As said earlier,STONE tokens is a temp arrangement (just a proof donation) and will be swapped,when mainnet is live.They are not intended for trading or listing on exchanges (cos it is not part of project activity).

So ,why not bring out policy that the mainnet coins will be swapped with the coins that are sent to the original ETH addresses and not with third parties ?
I believe that 99% of donators are fully aware that while donating that the project takes atleast 2 months to go live and this is not ICO/Airdrop/bounty to dump the coins on listing.I see the price at exchange is around 20% of the donation value.No sane 'donators' will be selling at that price,since they treated it has charity/donation/gamble .They prefer to lose 100% or gain 100% and not settle for 20%. Trading is only used for FUD/FOMO by vested people

3.Once the distribution is over,please clean up the thread and post updates at regular intervals


I would like to mention that many people are picking up the tokens that are being traded on Fork Delta. It is my understanding that people who've received tokens and lost interest and/or trust have the right to "sell" their shares of the project for whichever price they see appropriate.

I've bought a small portion myself because of the risk/reward associated with this project and would obviously like that the ERC-20 tokens being traded around keeps it's intended potential value. Cryptocurrencies revolve around free market economics - let's keep it that way.
newbie
Activity: 112
Merit: 0
i will watch this one closely! hope i can joined in it,keep us update,goo luck with the project!
sr. member
Activity: 294
Merit: 252

1.I understand that tokens act like place holders to be with swapped with real coins when mainnet is ready and the tokens have zero value.The total supply is 150 million coins and 30% will be distributed to donators.So around 45 million tokens max are needed to be distributed to donators.I don't understand why you have created a contract with 150 million tokens ?

Will you be burning the remaining tokens after distribution to donors is completed?
This will bring integrity and trust to project and devs and will have automatic assurance that the remaining tokens are not sold or used for further donations/fund raising ,etc

2.As said earlier,STONE tokens is a temp arrangement (just a proof donation) and will be swapped,when mainnet is live.They are not intended for trading or listing on exchanges (cos it is not part of project activity).

So ,why not bring out policy that the mainnet coins will be swapped with the coins that are sent to the original ETH addresses and not with third parties ?
I believe that 99% of donators are fully aware that while donating that the project takes atleast 2 months to go live and this is not ICO/Airdrop/bounty to dump the coins on listing.I see the price at exchange is around 20% of the donation value.No sane 'donators' will be selling at that price,since they treated it has charity/donation/gamble .They prefer to lose 100% or gain 100% and not settle for 20%. Trading is only used for FUD/FOMO by vested people

3.Once the distribution is over,please clean up the thread and post updates at regular intervals
full member
Activity: 252
Merit: 101
Global Risk Exchange - gref.io
Could my supporters please +Merit a few of my posts so i am able to use an avatar in my profile, to set my posts apart from the others  Cool


Thank you!








felixando


How many you need boss? I sent you one, I know it isn't much but it is all I got and I try to do my part in this project. Can't wait to see the code in a couple of days here I am getting excited  Grin
newbie
Activity: 225
Merit: 0
Could my supporters please +Merit a few of my posts so i am able to use an avatar in my profile, to set my posts apart from the others  Cool


Thank you!








felixando


I don't see where to do that, do I have to be a full member or something?
copper member
Activity: 137
Merit: 31
Could my supporters please +Merit a few of my posts so i am able to use an avatar in my profile, to set my posts apart from the others  Cool


Thank you!








felixando
copper member
Activity: 137
Merit: 31
I think that not many people will dump the tokens at the first possibility, if Felixando really delivers. They remember the xrb progress.

Actually there were quite a lot available on EtherDelta yesterday when I brought some. People panic and act irrationally and then regret. They are really cheap and a great opportunity but they come with a really high risk so don't bet money you can't afford to lose (Think of it as money you would take to a casino, you may come away rich but also have a decent chance of losing it all).

If you are considering selling, I suggest you keep a few back just in case, at least you will not have so many regrets if/when felixando delivers.

As for felixando's comments about not selling, I see it as more advisory as in, if you sell you are really going to regret and he is doing what he thinks best and advising that. Given that he is the one person who knows for certain that this is going to happen (or not) he would be remiss not to warn people that they will lose on the opportunity. I don't see any angle in which he benefits either way honestly. I do think that there is deliberate fudding (and lets face it, it is really easy to do given the circumstances) to scare people into selling their tokens. Personally I intend to hodl and wait and see and with a bit of luck, this will be a huge win. If it doesn't happen, I will be upset but will move on.

Even Islapdonkeys can't come up with a reasonable reason for felixando to still be posting if he is trying to scam. Perhaps that is because felixando can make hundreds of times more just by releasing a coin that works. Sometimes there is more to be made in releasing the coin than in any scam that can be concocted. You don't get to be as rich as the Ripple founders of Nano devs by scamming, you get there by making a working coin and then get to spend the rest of your days on your mega yacht in the Med surrounded by beautiful people.

Edit: I wanted to add, the Binance listing probably only requires to see code towards the end of the application process or maybe not at all since tokens can be traded, Binance does not make judgements on the value of what is traded. Someone could try ask Binance if an application has been made for Stone but I doubt they would tell you because of confidentiality reasons.

Man but why would Felixando delete past comments asking for specs/about the the technicalities of the code?

Look at this image> https://imgur.com/a/UxUij

This was before felixando "documented" that he took from Wikipedia.

This dude called him on it and instead of responding to him, and explaining his position.

He deleted the damn post.

Why would a legit developer delete such a post?

This was in the beginning... when donations we're still open remember...

So be it, I will wait patiently for the code. Perhaps he did not know at the time, either way, good luck Felix if you are legit.
MrAhab, you have been in here from the start spreading FUD for your own personal gain, at times i do delete FUD posts, that is correct, i did delete that particular post due to it spreading miss-information, guy claiming to be wikipedia creator, saying i was wrong, for 1, i was not wrong, 2. I always use sources if i cite information from another location, and in this scenario, i had.

Seems to be a full time job keeping the trolls at bay, what are you to gain from arguing with me about everything and anything? if this is a scam and you argue, what happens then? do you win? are you the boss man now? and if this project is legitimate and you argue with me, what happens then? do you pat yourself on the back for successfully irritating your developer, wasting his time, pausing the coding, disheartening his view on the community?







felixando
newbie
Activity: 45
Merit: 0
I think that not many people will dump the tokens at the first possibility, if Felixando really delivers. They remember the xrb progress.

Actually there were quite a lot available on EtherDelta yesterday when I brought some. People panic and act irrationally and then regret. They are really cheap and a great opportunity but they come with a really high risk so don't bet money you can't afford to lose (Think of it as money you would take to a casino, you may come away rich but also have a decent chance of losing it all).

If you are considering selling, I suggest you keep a few back just in case, at least you will not have so many regrets if/when felixando delivers.

As for felixando's comments about not selling, I see it as more advisory as in, if you sell you are really going to regret and he is doing what he thinks best and advising that. Given that he is the one person who knows for certain that this is going to happen (or not) he would be remiss not to warn people that they will lose on the opportunity. I don't see any angle in which he benefits either way honestly. I do think that there is deliberate fudding (and lets face it, it is really easy to do given the circumstances) to scare people into selling their tokens. Personally I intend to hodl and wait and see and with a bit of luck, this will be a huge win. If it doesn't happen, I will be upset but will move on.

Even Islapdonkeys can't come up with a reasonable reason for felixando to still be posting if he is trying to scam. Perhaps that is because felixando can make hundreds of times more just by releasing a coin that works. Sometimes there is more to be made in releasing the coin than in any scam that can be concocted. You don't get to be as rich as the Ripple founders of Nano devs by scamming, you get there by making a working coin and then get to spend the rest of your days on your mega yacht in the Med surrounded by beautiful people.

Edit: I wanted to add, the Binance listing probably only requires to see code towards the end of the application process or maybe not at all since tokens can be traded, Binance does not make judgements on the value of what is traded. Someone could try ask Binance if an application has been made for Stone but I doubt they would tell you because of confidentiality reasons.

Man but why would Felixando delete past comments asking for specs/about the the technicalities of the code?

Look at this image> https://imgur.com/a/UxUij

This was before felixando "documented" that he took from Wikipedia.

This dude called him on it and instead of responding to him, and explaining his position.

He deleted the damn post.

Why would a legit developer delete such a post?

This was in the beginning... when donations we're still open remember...

So be it, I will wait patiently for the code. Perhaps he did not know at the time, either way, good luck Felix if you are legit.
newbie
Activity: 225
Merit: 0
I think that not many people will dump the tokens at the first possibility, if Felixando really delivers. They remember the xrb progress.

Actually there were quite a lot available on EtherDelta yesterday when I brought some. People panic and act irrationally and then regret. They are really cheap and a great opportunity but they come with a really high risk so don't bet money you can't afford to lose (Think of it as money you would take to a casino, you may come away rich but also have a decent chance of losing it all).

If you are considering selling, I suggest you keep a few back just in case, at least you will not have so many regrets if/when felixando delivers.

As for felixando's comments about not selling, I see it as more advisory as in, if you sell you are really going to regret and he is doing what he thinks best and advising that. Given that he is the one person who knows for certain that this is going to happen (or not) he would be remiss not to warn people that they will lose on the opportunity. I don't see any angle in which he benefits either way honestly. I do think that there is deliberate fudding (and lets face it, it is really easy to do given the circumstances) to scare people into selling their tokens. Personally I intend to hodl and wait and see and with a bit of luck, this will be a huge win. If it doesn't happen, I will be upset but will move on.

Even Islapdonkeys can't come up with a reasonable reason for felixando to still be posting if he is trying to scam. Perhaps that is because felixando can make hundreds of times more just by releasing a coin that works. Sometimes there is more to be made in releasing the coin than in any scam that can be concocted. You don't get to be as rich as the Ripple founders of Nano devs by scamming, you get there by making a working coin and then get to spend the rest of your days on your mega yacht in the Med surrounded by beautiful people.

Edit: I wanted to add, the Binance listing probably only requires to see code towards the end of the application process or maybe not at all since tokens can be traded, Binance does not make judgements on the value of what is traded. Someone could try ask Binance if an application has been made for Stone but I doubt they would tell you because of confidentiality reasons.
newbie
Activity: 4
Merit: 0
We do not need websites. here the question of the speed of implementation. All we need is a testnet
member
Activity: 252
Merit: 11
OPEN GAMING PLATFORM

5 days into the distribution phase now, let's see if all of them will be done within the next two days.

8 more days until the end of the month and the promised public Github repository.

Stay tuned everyone, it is the week of truth.  Grin Cool

Yep. Still waiting for my tokens, and for the other promised stuff.

I think that not many people will dump the tokens at the first possibility, if Felixando really delivers. They remember the xrb progress.

who would ever dump with progress being made
sr. member
Activity: 882
Merit: 277
If i had a dollar for every "had i known"
Thanks for the vote of confidence BKCCI  Smiley

As i mentioned earlier in the thread, this week has been rather fufilling with purely distribution scammers, ive had to re-audit the entire speadsheet, i have it under control, but its paused code progression for bit, but priorities, distribution is a rather valid part of this project.

Felixando


Thanks for your response. Does this mean publication of code will be postponed?

Hello Yeuph, my reasoning is not related to an 'unsafe investment', as the project will be completed, there is no doubt in my mind. My reasoning is more so that the initial investors flip the investment and sell for 1/10th of what its worth due to fear from the FUD on this forum, when realistically these people who are downtalking the project are trying to do exactly that, cause fear to scoop up discounted coins, there are actually groups of people who make a living of this type of foul play.

Plus i believe if you have initially wanted to take part in the Stone community, why sell before the first release? Is that why you wanted to be part of Stone? to sell before the first wallet release?

What will end up happening is people will become impatient, sell, a large holder will scoop up a large portion of the supply, then will wait till release and initiate a pump and dump, i do not condone these kind of schemes.

If you are patient, you will see great results, what you must understand is that these projects are not just coded up in a day or a week, otherwise we would already have a private DAG protocol, this is something new, something exciting, if your a fearful person, you most likely wont win in this game.

felixando


Your reasoning makes sense, however, by distributing ERC20 tokens first you have made a scenario like what you're trying to prevent possible in the first place. If you would really wanted to avoid a scenario like this to happen, distribution of the actual Stone coins, once the wallet is released, would have made a lot more sense and it wouldn't have wasted your time now with fake donators claiming their share of tokens. Don't you see that this looks rather fishy to many people coming here? It is kind of obvious what creates the biggest FUD here - the non-existent proof of code.  Undecided

I am distributing the tokens now so we do not have any issues at launch, that's the last thing i want, i'm clearing up all distribution before the swap. This way we have clear skies ahead on launch and i can focus on code, if i have to spend 2 months distributing after launch it wont go down well if there are wallet issues, then pause distribution and people scream, i pause coding and people scream, i do not want this scenario.

You may fantasize all you desire, anything can look fishy if you stare at it long enough, the project is barely 1.5 months old, i have stated from the start i will not release partial incomplete code just to satisfy the select few for 5 minutes, until they then start to criticize my code, because its incomplete. Just sit tight and go to the park feed the ducks, take a breather.



felixando

 Well on that note, do you mind telling us how you managed to apply to binance with that partially completed code. or where you just lying nd trying to boost up investment by posting a pic which specific use is to indicate an application to binance
.

 Also, what kind of crypto scene are you involved in that restricts free trade. Last i checked there are several accts that have requested a refund after donating to this project, and you restricting their ability to get out of their position while they still have a chance. pretty much defeats the entire spirit of what crypto represents.

 For a project the received half a million in funding ( i still shudder every time i think about it) you could have easily set up a website and created a placeholder token that wasn't accessible till the platform was complete and the coins have been swapped akin to what exscudo, tezo and countless other projects have done, so this idea of releasing ERC 20 and restricting it's use is  a little more than fishy. I personally still think that a long con is in play, i just need awhile to figure out the angle.

 Anyway, there is no need bothering with my unproven hypothesis, but could you plz provide us with info on how you managed to pull off the binance application without a complete code. Thanks
Hi Islapdonkey, unfortunately im not allowed to discuss details on the application in any further detail, without possibly voiding my listing, however you may ask yourself how does HCASH/HSHARE, EOS, RAIDED NETWORK, CARDANO, OMISEGO, AETERNITY, DECENTRALAND, 0x (ZRX) have a listing with currently no functional product, just a concept + ERC20 token placeholder, ask yourselves these questions and you may just find the answer to the great Stone+Binance mystery.


I've said it before, and ill say it again; bitcointalk forums are exhausting, i could supply every last request the members ask for, and yet they will find something else new to harp on about, a little concerning but i will not let it get to me, i do appreciate the positive side of the community, and i am placing all my efforts into it for you guys  Wink














felixando


Last i checked all the platform you mentioned have made some form of github commit and actually have a website. It's mind boggling to me, that this platform received 500k+ in funding and doesn't even have a website. By the way, it's not fudding when we bringing up legit questions that any sensible investor will need to know before investing.
newbie
Activity: 13
Merit: 0

5 days into the distribution phase now, let's see if all of them will be done within the next two days.

8 more days until the end of the month and the promised public Github repository.

Stay tuned everyone, it is the week of truth.  Grin Cool

Yep. Still waiting for my tokens, and for the other promised stuff.

I think that not many people will dump the tokens at the first possibility, if Felixando really delivers. They remember the xrb progress.
newbie
Activity: 19
Merit: 0
Everyone should keep in mind that patience is the only way to approach a project like this, especially when we have one core developer who also explicitly mentioned from the beginning  that the state of this project is in pre announcement. For anyone who donated, you should know that your contributions do not  accelerate the progression of the project and the only significant difference it made was that Felix decided to take on the project full time because of the support. So if you want to see the project completed as soon as possible then avoid posting comments that inevitably disrupts his progress.
newbie
Activity: 4
Merit: 0
@felixando

I'm curious dude... You recommended that no one trade/purchase the ERC20 tokens yet.  I received my tokens but I'm thinking about picking up a few more off of Ether Delta while they are still so cheap.  I also have a small community of a few hundred people that follow me for crypto advice and they want to purchase Stone (I've been keeping them updated on the project) and I *could* technically send them to Ether Delta to grab some; however you explicitly said we should wait.  Is there a particular reason why you don't believe people should purchase/trade/sell the tokens yet or is it merely "The project isn't complete and it may not be a safe investment"?

Thanks for the tokens dude.  I think everyone is aware that an ERC20 token is simply that but it really feels like the project is moving along now.

Hello Yeuph, my reasoning is not related to an 'unsafe investment', as the project will be completed, there is no doubt in my mind. My reasoning is more so that the initial investors flip the investment and sell for 1/10th of what its worth due to fear from the FUD on this forum, when realistically these people who are downtalking the project are trying to do exactly that, cause fear to scoop up discounted coins, there are actually groups of people who make a living of this type of foul play.

Plus i believe if you have initially wanted to take part in the Stone community, why sell before the first release? Is that why you wanted to be part of Stone? to sell before the first wallet release?

What will end up happening is people will become impatient, sell, a large holder will scoop up a large portion of the supply, then will wait till release and initiate a pump and dump, i do not condone these kind of schemes.


If you are patient, you will see great results, what you must understand is that these projects are not just coded up in a day or a week, otherwise we would already have a private DAG protocol, this is something new, something exciting, if your a fearful person, you most likely wont win in this game.





felixando


All the FUD is caused by the lack of code. If you finished the code, then released the coin fewer people would be selling the coins for 1/10th of their actually worth. Why even give the whales the opportunity to pick up large amounts of discounted coins?


 Well on that note, do you mind telling us how you managed to apply to binance with that partially completed code. or where you just lying nd trying to boost up investment by posting a pic which specific use is to indicate an application to binance
.

 Also, what kind of crypto scene are you involved in that restricts free trade. Last i checked there are several accts that have requested a refund after donating to this project, and you restricting their ability to get out of their position while they still have a chance. pretty much defeats the entire spirit of what crypto represents.

 For a project the received half a million in funding ( i still shudder every time i think about it) you could have easily set up a website and created a placeholder token that wasn't accessible till the platform was complete and the coins have been swapped akin to what exscudo, tezo and countless other projects have done, so this idea of releasing ERC 20 and restricting it's use is  a little more than fishy. I personally still think that a long con is in play, i just need awhile to figure out the angle.

 Anyway, there is no need bothering with my unproven hypothesis, but could you plz provide us with info on how you managed to pull off the binance application without a complete code. Thanks
Hi Islapdonkey, unfortunately im not allowed to discuss details on the application in any further detail, without possibly voiding my listing, however you may ask yourself how does HCASH/HSHARE, EOS, RAIDED NETWORK, CARDANO, OMISEGO, AETERNITY, DECENTRALAND, 0x (ZRX) have a listing with currently no functional product, just a concept + ERC20 token placeholder, ask yourselves these questions and you may just find the answer to the great Stone+Binance mystery.


I've said it before, and ill say it again; bitcointalk forums are exhausting, i could supply every last request the members ask for, and yet they will find something else new to harp on about, a little concerning but i will not let it get to me, i do appreciate the positive side of the community, and i am placing all my efforts into it for you guys  Wink





felixando


They may not have a working product, but they have release their code.
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