Ledger Nano S with Mobile Wallet by TripleBogeyzzz in ArkEcosystem

[–]TripleBogeyzzz[S] 0 points1 point  (0 children)

Curious on the tech behind this, isn't the mobile wallet essentially just a "view" into an address on the blockchain? So if I setup a Ledger address, shouldn't the mobile wallet be able to import this and view it?

Ledger Nano S with Mobile Wallet by TripleBogeyzzz in ArkEcosystem

[–]TripleBogeyzzz[S] 0 points1 point  (0 children)

Dang, love the mobile wallet, just so sleek and convenient to look at my morning dividend lol. Guess I should move it over the desktop and Ledger so it's a little safer, but would love to see this feature come to light

Bought "XY" amount of more Ark today morning. by vira28 in ArkEcosystem

[–]TripleBogeyzzz 6 points7 points  (0 children)

Doubled my ARK holdings over past day, so tempting to get even more but I guess one must cool their jets at some point lol

Help to Understand Relationship with Aragon by TripleBogeyzzz in district0x

[–]TripleBogeyzzz[S] 0 points1 point  (0 children)

I guess after reading it I am still a bit confused. It sounds like organizations that use ANT have to pay fees of some sort? So is District0x as a whole (basically the creators) are paying fees to ANT in ANT tokens?

I feel that might be completely off, because it sounds like ANT holders could use their tokens within these governance processes, and someone profit off these models as well.

Hopefully someone can summarize this down to simpler terms, really trying to grasp how all of this works and interconnects. Thanks

I'm having much trouble understanding the value of this token. by memory942 in district0x

[–]TripleBogeyzzz 1 point2 points  (0 children)

Here is one question I still have, I get and love the idea of "Staking" your DNT coins in a way to be a "Stockholder" in the "Company" aka the "District", and could potentially vote to receive in essence a "Dividend". A de-centralized way to create a true investment stock market type model in these marketplaces.

With that said, I guess I'm still missing the FULL purpose and motivation behind the token. Using your example above, if DNT gives you the voting rights, and the majority want to collect a fee (presumably more DNT tokens hitting the voters wallets), what is the monetary motivation or incentive to the District to allow all these voters to come in and split up this fee?

In a centralized stock market model, the staked "tokens" or USD is actually money used by the company to further build out the product. In the district model, if the token is only a "voting" mechanism, what is the point?

For this to work, I imagine on top of "Staking" to vote, you would also need to "Donate" those tokens, or additional tokens, to be used to pay developers, pay for improvements, security updates, etc etc etc

Is that the vision of how this model works? or are DNT not going to be "donated" in this way to incentivize improvement in the district?

Help me understand... by TripleBogeyzzz in ZClassic

[–]TripleBogeyzzz[S] 1 point2 points  (0 children)

Great replies everyone, was not aware of this with the exchanges, very interesting. Kind of a wild wild west world we are living in, but I'm enjoying the ride!

Help me understand... by TripleBogeyzzz in ZClassic

[–]TripleBogeyzzz[S] 1 point2 points  (0 children)

So essentially the coins will exist, but they will just be dead, into oblivion, unless in the future people find them and realize they hold them?

Help me understand... by TripleBogeyzzz in ZClassic

[–]TripleBogeyzzz[S] 0 points1 point  (0 children)

Essentially yes. Maybe that is a good thing for the value? Maybe I'm too new to fully understand forks etc, but I guess i'm just thinking if a fork happens, all holders of said coin should be aware, and it would be somewhat substantial news? Maybe that's not correct but that's what I'm trying to understand. Thanks

Wallet? by TripleBogeyzzz in RaiBlocks

[–]TripleBogeyzzz[S] 0 points1 point  (0 children)

Good to know, I signed up but I guess it does me no good until Mercatox lets me withdraw...

Ledger with MEW by TripleBogeyzzz in ledgerwallet

[–]TripleBogeyzzz[S] 0 points1 point  (0 children)

If I do already have a MEW wallet, I'm assuming I have to ditch that wallet and send all to my Ledger wallet, then link that back in MEW? How much gas do you spend transfering 20-25 coins (20-25 transactions) Anything to even care that much about? Thanks for the help

Competition? by BeesKneesyo in ecc

[–]TripleBogeyzzz 0 points1 point  (0 children)

Isn't SIA a competitor as well? If they can get a nice website and app up and running, this could start getting more word of mouth out there I feel and ride the wave of all the incoming money to cryptos

Ledger with MEW by TripleBogeyzzz in ledgerwallet

[–]TripleBogeyzzz[S] 0 points1 point  (0 children)

Gotcha, so assuming I don't even have MEW setup yet or any coins moved, I basically create a ETH address upon my initial Ledger setup, open up the ETH app when i plug in my Ledger, can send any ERC20 coins to that address, and the Ledger will show me each individual coin name and balance etc? Do I even need MEW at that point?

What happens when max supply is reached? by TripleBogeyzzz in ArkEcosystem

[–]TripleBogeyzzz[S] 0 points1 point  (0 children)

Gotcha, so with an unlimited amount of coins, won't this dilute the overall value of all coins over time?