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Buyer80
Distribution of a real aelf (ELF) !!! Ability to receive up to 5000 per week! traded on large exchanges https://coinmarketcap.com/currencies/aelf/#markets https://candy.aelf.io/account/register?invitationCode=0Q1T51dGbUcV
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Suggested Hardware for Monero (XMR) Mining Rig GPUs: Sapphire NITRO+ RX 580 8GB Sapphire NITRO+ RX 580 4GB MSI RX 580 GAMING X 8G Gigabyte GTX 1070 G1 Gaming Gigabyte GTX 1080 Ti GAMING OC Motherboard: ASRock H81 PRO BTC, GIGABYTE GA-H110-D3A,...
Cryptocurrency web application developer, entrepreneur and board gamer.
Some related discussion is going on here:
http://forum.ltbcoin.com/discussion/258/technical-question-should-the-website-hold-ltbcoin-balances-for-users
Here is a quick summary of what we know so far:
Incoming Payments SummaryAfter exchanging emails with Alex at bitcredits.io, here is what bitcredits can provide:A hot web wallet of credits (let's call them LTBCOINCREDITS).Here is some information about the configurable fees for counterparty.
I just confirmed that the fees are configurable in the source code, so a custom implementation of counterpartyd with lower fees is feasible.
MULTISIG = TrueREGULAR_DUST_SIZE = 5430 # TODO: This is just a guess. I got it down to 5530 satoshis.MULTISIG_DUST_SIZE = 5430 * 2 # TODO: This is just a guess. I did it down to 1.4x. (Used for regular outputs in multi?sig transactions, too.)OP_RETURN_VALUE = 0FEE_PER_KB = 20000 # Bitcoin Core default is 10000.
Of course, lower dust size and lower fees per KB means longer confirmation times.
Right now the fee is 14 cents per transaction. Let's say we do a custom counterparty implementation and cut the fees in half. A distribution of 5,000 payments will cost $350. At 25% of the fees, that is still $173 per week for 5,000 payouts.
We now have an official design contest up and running. Please submit your logos for consideration at:
http://forum.ltbcoin.com/discussion/261/official-the-100-000-ltbcoin-logo-design-contest
Thanks!
We now have an official design contest up and running. Please submit these ideas at:
http://forum.ltbcoin.com/discussion/261/official-the-100-000-ltbcoin-logo-design-contest
Thanks!
We’re ready to launch an official logo design contest for 100,000 LTBcoin.
We will accept submissions in this forum thread until Monday June 30, 5:00 PM PDT.
You may submit multiple designs.
Be sure to create a high resolution version of the logo. Vector art is a plus.
Community opinion is a factor and Adam will be the final decision maker.
The winner will receive 100,000 LTBcoin at the start of the initial distribution or shortly thereafter. The winning design will become the property of the LTB Network.
[UPDATE: In order to engage more community participation, we have extended the submission deadline to Monday June 30, 5:00 PM PDT]
[UPDATE 2: We need more time to recover the old forum posts. Please continue to submit ideas and we will announce another (FINAL) submission date soon.]
[UPDATE 3: The final submission date is October 1st, 2014 at 7am Pacific time .]
I agree that off blockchain transactions would be more useful in almost every case involving the network itself (tipping, buying ads, promoting content).
And I agree that I would keep $100 of LTBc in my account and count that as an acceptable risk for the convenience.
But if the Network is storing a large aggregate amount of LTBc across many accounts, then it becomes an attractive target for hackers. We would need to take security beyond the level of a typical content publishing platform. And that is not trivial.
I'm so torn! There are advantages to both approaches.
We differ slightly on our approach to #4-5.
I think the fees should be deducted in LTBc on withdrawal from the very launch.
I say let's just have faith that LTBc will have value eventually, so if we take the fee payment in LTBc in the beginning it will pay off for the network in the long run.
So it sounds like a hybrid system, wherein:Users can choose to leave a small reserve of LTBcoin in their account for tipping and possibly other use in the network
Users can tip off-chain directly from their account without using Counterparty (to save fees)We will discourage (or perhaps enforce) users from leaving significant amount of LTBcoin in their account.Does that sum it up?
One more factor to consider is the cost to the user.
If LTBc is held on-chain in the user's Counterparty wallet, then each tip action is going to cost 0.000386 BTC. That is about 10-15 cents.
Will $0.15 cents per tip negatively affect the tipping culture of LTBcoin? I think it very well might.
andref
While most altcoins are getting slaughtered, LTC shines propelled higher by Litepay and a new fork. Bitcoin continues its gains as well but stopped short of a new rally. Bitcoin Higher but Stops Short of New Rally Bitcoin prices traded even higher si...
sessin
The article is really interesting! I appreciate the decision of the Bank of England to conduct a study on cryptographic currencies and to introduce a national cryptocurrency by next year. Digital currencies continue to generate excitement these days....
andref
Ether is trading lower versus bitcoin this week. The crypto has lost 12 percent to big brother since Monday as BTC is the preferred crypto this week. Dash on the other hand continues to trade in a range. Ether Down 12 Percent As we mentioned above, E...
Buyer80
Distribution of a real aelf (ELF) !!! Ability to receive up to 5000 per week! traded on large exchanges https://coinmarketcap.com/currencies/aelf/#markets https://candy.aelf.io/account/register?invitationCode=0Q1T51dGbUcV
andref
During the past week, we’re seeing more gains for Bitcoin. This, in turn, led to gains in altcoins like Litecoin as the general crypto market recovers from large losses. Bitcoin Up by 13 Percent Bitcoin is currently quoted at $8,520 dollars per coi...
bzeebee
Suggested Hardware for Monero (XMR) Mining Rig GPUs: Sapphire NITRO+ RX 580 8GB Sapphire NITRO+ RX 580 4GB MSI RX 580 GAMING X 8G Gigabyte GTX 1070 G1 Gaming Gigabyte GTX 1080 Ti GAMING OC Motherboard: ASRock H81 PRO BTC, GIGABYTE GA-H110-D3A,...
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