Where can I buy Radix?
Not yet - will be announced when ready.
Topic: RadixDLT (formerly eMunie) Discussion - page 5. (Read 23447 times)
Not yet - will be announced when ready.
Where can I buy Radix?
Tax treatment will be the same as miners that receive block rewards. Tax treatment on Bitcoin (and all other fixed supply / variable price coins) are the cap gains rates, which for MOST users is also at their income level since very few hold it for long term periods (minimum 1-year).
I disagree on most users holding currencies for under a year, you can possibly also convert only between different cyptocurrencies and still get favorable tax treatment by claiming a 1031 exchange in the US-which means you're not stuck just holding one cryptocurrency forever either. Whereas if you're mining or getting block rewards it's always going to be taxed at the income tax rate.My total marginal income tax rate is over 40% between the state/city/federal taxes, whereas I would pay half of that with capital gains which is a very large difference in taxation.
I do see that a more stable currency rate may be better for actual payments, though given how rapidly most newer cryptocurrencies have increased in value this just seems like a way to rack up a gigantic tax bill.
With all fixed supply models (bitcoin et al) the price is the variable.
With Radix the supply is the variable. Granted, the attempt isn't to "fix" the price, but to substantially smooth out the high volatility through autonomously generated supply based on the demand.
With Radix the supply is the variable. Granted, the attempt isn't to "fix" the price, but to substantially smooth out the high volatility through autonomously generated supply based on the demand.
The real question is, why would anyone use such a thing over gold and silver? It's blatantly obvious no cryptocurrency is an actual store of value. How could such a thing be that doesn't even exist in the first place? That's why it has the word "currency" in the name cryptocurrency and not "money". All currencies are inherently worthless and go to zero on a long enough timeline, while only gold and silver remains. Since money is a zero sum game, allowing anyone to pretend to be god and act as a central banker issuing currency for profit is a master and slave dynamic. Hence anyone not using gold and silver is a slave.
Bitcoin kind of tricked people into thinking it replicated those dynamics of gold and silver, but in reality it's designed to centralize into a rent seeking usury system controlled by mining cartels, and those are the new central bankers. So the fact still remains, anyone not using gold and silver is a slave.
bahamapascal showed up in the Radix shoutbox a few weeks ago, and we chatted for a bit. I think he might of even participated in the last internal beta test when we did the initial testing of the FABRIC tech.
Whats the distribution this time? It was pretty bad with the original emunie. why i passed.. (not in a greedy sense, just in a too much inflation sense)
Yowza. All the NXT/IOTA Mafia is come for us. What have you guys done with bahamapascal 
Radix/Emunie is a sleeping giant. It could have been released multiple times, but it was never good enough to replace them all. Until now. The current beta is a revolution.
Such high level of dedication can't end with a failure. Definitely watching...
How was development funded up to this point? Who else other than paying users is going to receive coins if there's going to be an ICO?
Dan self-funded most of it personally as he was quite well-off from his previous successful business ventures prior to becoming interested in the crypto space.
However, there are a solid core group of dedicated members, myself included, that have personally funded the project over the past several years.
Note: there is not, and never will be (and is technically impossible) a premine. With a variable supply system a pre-mine is meaningless and not relevant.
lmao emunie still around
How was development funded up to this point? Who else other than paying users is going to receive coins if there's going to be an ICO?
Dan self-funded most of it personally as he was quite well-off from his previous successful business ventures prior to becoming interested in the crypto space.
However, there are a solid core group of dedicated members, myself included, that have personally funded the project over the past several years.
Note: there is not, and never will be (and is technically impossible) a premine. With a variable supply system a pre-mine is meaningless and not relevant.
How was development funded up to this point? Who else other than paying users is going to receive coins if there's going to be an ICO?
After 4 years you still not finished emunie /radix?
Why is that?
Why is that?
Bitcoin, if you read the full history of it, took 5 years to develop.
Dan developed 2.0 tech years before anyone else (and that only a few coins so far have even began to test using) and decided it wasn't going to meet the complete need set (e.g. scalable, fast and efficient) so he trashed that model and moved on the 3.0 (which currently no project is using) and is about 2 years ahead of anything available.
That 3.0 solution was also just not quite what we wanted, but is solid enough for some real world applications that don't need near-infinite scalability, speed and efficiency.
The brainstorm came about 6 months ago when he landed on the 4.0 concept of the FABRIC active consensus method. This method is truly next-next-generation in functionality. You'll understand why after reading the patent and whitepaper.
Long story short: A world-changing system requires more time than to just copy/pasta work already done by others.
Peachy will you be announcing the ico date on this thread?
No worries. There will be plenty of announcements once we gear up the token sale.
After 4 years you still not finished emunie /radix?
Why is that?
Why is that?
Don't wanna miss it. Still no date or even website link?
Feel free to join the club and ask any and all questions.
https://forum.radix.global/
As for the token sale date that is tentatively still planned for this month.
The only hold on that event is that we are waiting for the patents to be finalized/published (the Joys of waiting for Lawyers).
Peachy will you be announcing the ico date on this thread?
so emunie never launched and now its radix ico?
One of the reasons for the name change (amusingly enough) was because of the way people said the name during several of the meetings Dan was having with interested parties. Many were mispronouncing emunie as e-MYOO-knee (like the muni in municipal).
This, as well as a desire to have something more catchy, were some of the reasons for the tech re-branding.
Worth noting: Radix is merely the "technology" brand (of which the patents are a part of).
The "consumer" brand (which will use Radix Tech) is still to be decided.
so emunie never launched and now its radix ico?
So ROI comes in the form of coins being deposited into your wallet and not in coin appreciation?
Correct.
1 of something worth $2 is the same as 2 of something worth $1.
With all fixed supply models (bitcoin et al) the price is the variable.
With Radix the supply is the variable. Granted, the attempt isn't to "fix" the price, but to substantially smooth out the high volatility through autonomously generated supply based on the demand.
Our test scenario where we ran several years of bitcoin txns (over 500M) through the model from day 1 through (I believe) 2015 produced a variance of around 3% +/- from the initial bitcoin value.
With that decreased level of volatility you don't have to sit around and hope/pray the price doesn't crash, but can go about your day and just login whenever to get the latest dump of back paid interest on your existing holdings. And if you are running any of the services that provide features for the network like marketplace, chat, mail, distributed exchange, apps...etc then you'll get rewards of new supply as the economy inflates.
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