Topic: RadixDLT (formerly eMunie) Discussion - page 4. (Read 23521 times)

Emunie is radix right? Wow I am surprised this project still has not released after four years.

This is the worst idea I've heard for a long time.

Crypto market is hot though, so there should be some hype and if it trades quick enough, Radix can probably turn a profit till people see it action and realise they've just brought a version of the flawed central banking concept to the blockchain but with a currency nobody is mandated by law to pay taxes in or use.

Does it actually buy supply back when there's little demand at least? If not it's the equivalent of a no/low inflation POS currency but with the invention/addition of a virtual whale that dumps on the price whenever it starts to actually gain value...

Any news on an ico date so I can get funds ready?

Supply and demand determines the value, DCR does this with their POS system stake, the POS ticketing price changes but locks up the funds for months.  cutting the supply, when the demand drop for the purchasing of the tickets the price drops and more dcr are purchased of the market until the tickets are sold, then the price of the tickets adjusts.

Ethereum system is locking up funds in it seems in a endless supply of ICO's which only really the ICO holders will ever use..

spells of genesis used trading card digital asset to create demand at the same time the sales would burn their token .

But you do get deflation, just in a different form. Every time mkt cap doubles you get 50% bonus on your holdings.

sounds legit, gonna def read into this more and prob throw decent btc at it.

Digital money that keeps a steady price however mich demand and suppply changes....I think we call that fiat...no thanks. Deflation is the whole point of bitcoin so we the holders of money gain in purchasing power not lose. Awful idea that im sure makes a few insiders very rich.

Well, whatever the fine details are, it seems rather hard to categorize it as anything but Keynesian in nature even if it was done in an automated way.

It sounds very similar to the "rolling peg" idea that David Zimbeck of BitBay has been floating for the past year

To my knowledge there will be NO freezing of supply, however if there is no demand then correspondingly there will be NO new supply distributed.  But then again think about this, the only way to create different token assets is to burn the Radix tokens to create the new asset within the system network.  If there is a drop in the available supply do to asset creation then the system detects this and creates new supply to distribute to the HODL accounts.   

Freezing a percentage of the supply from moving has already been discussed in public on this forum so I take it that isn't one of the ways you're referring to?

My point is that attempting to absorb the crash is unnecessary. If value has left the currency, it shouldn't be solely up to active users to pay the price. It disincentivizes being active which is counterproductive to recovery.

After thinking about this for a long time, I came to the conclusion that any burning of coins is unnecessary. It punishes people who are actively using the currency (and possibly those protecting it if tx fees are not increased to compensate) in favor of those who are most likely just speculating. In any currency where the price has the ability to remain relatively stable, it should be much less likely that the price is scaring/encouraging people into selling, so the mechanic is likely trying to fix something that isn't broken.

Just my two cents.

Thanks, means a lot to hear that!

It was never my intention to cash grab, I wanted to fix broken things! Hopefully all the time and hard work myself and others have put into this project will be worth it.


Without getting into too much detail and jeopardizing our IP, there are a number of ways to reduce the supply without hair cutting wallets (which would be a TERRIBLE solution!!).

Most obvious is to burn fees instead of passing them on as earnings to network nodes.  Transactional and general usage fees are the first port of call, followed by DEX trading fees.  These mechanisms are sufficient for small adjustments but don't offer a huge amount of supply reduction capability in the event of a "crash".

The main mechanism is provided by the fact that to stabilize the base currency independent of oracles and pegging, is that the system itself mediates a lot of the trades.  Therefore if a lot of people are cashing out to USD for example, the Radix tokens can be burnt (publicly thus auditable) by the system in order to reduce the available supply and return confidence to the price.


Interest payments are calculated based on whatever balance is on account at the time of that payment.  So if you spent them, you'd only get interest on the remainder.  Therefore as a speculator HODL to take advantage of growth and spend interest only if you have to.

Regarding the 50% interest payments every time the mkt cap doubles;
Will it be 50% of the initial holding, or 50% of the holding at time of mkt cap doubling?
Say I purchase 1,000 RDX during ICO and 6 months later the mkt cap doubles, by then I spent 900, and own just 100 RDX.
Will I get 500 RDX or 50 RDX, or is it a different formula altogether?

Your holding account will get more coins if the value "goes up", but what if it "goes down", will coins be deducted from your account?

Sounds like a nightmare from tax accounting/bookkeeping perspective.

This project is big-time but not in terms of you will get ridiculous gains overnight, you will get steady profit in here for investors not ridiculous but it is safe. What you will get is the ability to take part in a world changing technology. This technology will also take a lot of coins out of the market, has been worked on for years. Not like today where dev comes out asks for 100m to get started on the project lol. I hate 99% of ICOs but I give my full support to this one I also humbly bow down to the dev.

This sounds amazing, finally a coin that has a day-to-day usage, a true currency. You won't even need a bank to have a debit card, and create one by yourself? sweet!
Really looking forward to it.

With regards as to when the ICO occurs, here is an indicator, the Open Beta will occur before the ICO is announced.

This will give everyone who is looking for more information on what this is all about, a chance to actually run the client node and services to see how it functions.     Firstly, Radix is a Decentralized Ledger Technology, (Thus @RadixDLT twitter account), it does not have a block-chain, but is a pure transactional database.  So, because if has no block-chain this is completely new technology, written from scratch.  There are a couple of features that I know for sure are not in any other cryptocurrency, elastic Demand/Supply and the native Direct Debit cards.  These cards can be used with any point of sale terminal, without any need for a 3rd party clearing method such as VISA or Master-card.  And if you are the paranoid type, you can even purchase the equipment for under $100 and create your own debit cards from blank cards that meet certain specifications, that can be purchased off the Internet. 

lol, 5 Radix if you want to see Pascal again! But seriously, when Nxt was released, Emunie was on everyone's radar, so there were a lot of people in both communities at the time. Crazy how fast time has passed.