Topic: RadixDLT (formerly eMunie) Discussion - page 2. (Read 23504 times)

And this will be different from simple banking services? Especially for this, you need a really good infrastructure so that you can use your cards anywhere in the world. But this can be a great difficulty.

Hi,

Its a very interesting project. I joined their mailing list. Do they have a bitcointalk.org announcement?

-bitblaster

What is the maximum supply tokens?

What about a signature campaign for RADIX? Can we expect bounty campaigns like this?

And is there absolutely no way/chance for a RADIX token sale or maybe an invite only pre ICO  which will be operated by crypto influencers?

Interesting project, happy to have stumbled upon it.

The native Debit-Card is truly what separates Radix from all other known crypto currency tokens... 

are you a troll ? 

Ico finished?

You can join the Mailing List here to be informed of any upcoming events.

https://www.radix.global/

I'll delay posting the detailed mechanics for how the Economics system would work until there is more information (e.g. Economics Whitepaper), but effectively the card would be nothing more than a hard copy wallet of your funds (could also be used for simple cold storage).  It wouldn't convert the funds to EUR or USD as the existing MC/Visa systems do today as that's where the fees are incurred due to using their network.  

Let's be honest. The reason most merchants accept crypto are usually 2 fold:  1: its new and cool and they want to look new and cool. 2: there is a lot of "money" wanting to be spent and they want to get their hands on some of it.  However, that's about the limit of their interaction in the space for most merchants. They fully understand the existing price volatility and thus their rational self-interests compel them not to hold it for longer than necessary and thus immediately convert it to their native fiat after the sale completes.

If, however, that price volatility were to be substantially negated as well as incentivizing them to receive balance increases (interest earnings) on their existing holdings without having to do any Po"X" type of work then they would probably be more than willing to hold Radix tokens.  Not to mention that if their computers are online most of the day verifying network txns that need verifying (with a minimal amount of impact to their computers since the consensus protocol is supremely efficient)  they would also receive earnings payments for their portion of work from the new supply generated.

Hi id really like to throw a bunch of btc on radix when can I expect to do so?? Thankyou . love what u guys are doing

I like this idea about native debit card you can use at any point of sale with existing infrastructure. So, it means I can have Radix tokens with low volatility index and spend my balance anywhere with card that costs me only $25? No maintenance fees? As I understand Radix converts my tokens to EUR or USD or other fiat currency instantly?

Well, with our native debit card (which you can also make for yourself for less than $25) that only our system can do without piggybacking onto the Visa/MC network the merchants will be MORE than willing accept it and thus get off the Visa/MC crazy train of fees since our solution is a substantially lower cost (and easier to understand).  Plus, they'll be able to use the existing point of sale terminals as they do for Visa/MC with no need to do anything themselves.


For reference: 
https://www.cardfellow.com/credit-card-processing-fees/#visa
What a labyrinth of fees that the merchant must understand to derive the impact to their margins.

I think it is impossible to encourage spending just by merchant rewards. First, you need merchants to accept technology (it won't happen soon). Secondly, it is impossible that merchants will hold any kind of crypto just for speculative reasons. If you pay with BTC, actually, they are converting it in fiat instantly! Crypto is not in competition with fiat IMO. For everyday use fiat is the best and it will stay.

CfB was here !!! good news for emunie Radix !

one dynamic to consider that helps with "spending" (vs "holding") that goes with a crypto that doesn't reward spending directly is:  to the same extent that holding is rewarded, so too is the motivation by merchants to give discounts to those buying with that crypto.  So in theory, spending will be encouraged indirectly because merchants will want to hold that crypto compared to other currencies... and so on throughout the digital economy.  Merchants will have many other reasons besides "interest payments" to give discounts to buyers, too.  So spending Radix probably will happen naturally, IMO.  

Other academic papers are usually so verbose that in the middle of one I always recall the joke about penis and car/paper sizes correlation...

We can wait for Dan to provide more details, but I can hopefully fill in some of the gaps in the interim as he is supremely busy at the moment writing code and performing optimizations.

This initial whitepaper is merely an overview of the method for how consensus happens (vs. blockchains).  It is not meant to be a total picture for how the Radix "publicly" released product will operate with regards to ensuring supply vs. demand against volatility as well as the reward structures.  Those details will be outlined in the future "Economics" whitepaper that will be released as well.

As for the "lab testing" comment, you should know we are well beyond the testing phase and have already signed up and released the product to our first customer using a "private" version of the technology as part of our partnership with Surematics.   https://surematics.com/

I've read whitepaper 2 times yet can't understand nothing. My blame I'm not a technical guy but reading about how BTC or other crypto (ETH, NEM, Waves etc.) works I was able to understand underlying technology.

I was following this project for about a year and I think it is very interesting to see how it works in reality. Because testing in "lab" environment is not the same as "network effect".

I have just one concern regarding scalability (on par with VISA levels) and rewards to Radix token holders. If you have the best solution for scalability you must incentivise people to spend their tokens as much as they can. But if model of Radix is based on rewarding token holders, theoretically, you can't expect people to spend their tokens. Hodling is encouraged even more because of low volatility index. Having this in mind we just don't need VISA scalability levels in hodling incentivised model. In your situation Radix should motivate its users to spend because of network capacity to scale but I see the opposite - users are incentivised to hodl and receive rewards. As I can understand low volatility (~3%) will prevent from large trading manipulation and holding tokens is much more profitable than day trading?  So, how are you going to solve this problem (if it is a problem for you at all) and encourage people to spend their tokens even if they are aware that they lose their interest? Probably you should reward both sides - holders and spenders. For example, NEM is encouraging users to spend their tokens by increasing user significance on the network. It is logical because you can reach network growth only by rising transaction number. Probably you should rethink your model and incentivise people to spend Radix tokens by rewarding them in some way?

p.s. think about glossary in your whitepaper. It could help not technical people to understand the main concepts.

Impressive White Paper!
The Sharding/Logical Clocks concept is fascinating though I can't say I fully understand the tech yet.
Congratulations to the Radix team for this important milestone.