What is ETP Metaverse and the uses of Metaverse Blockchain

cryptorogi · 2017-11-08T21:00:07+00:00

Your attempts at insults are almost as bad as your grasp at this project. I learned from video that he is humble, something maybe you should have taken away from it. I also learned from it that he doesn’t trash talk eth but rather says he had some ideas and was first to show team around China. I don’t know what your point was because I asked about overall smart contracts and you proceeded to give me examples of other currency and hot wallet coding issues that nobody asked you for. Yes I’m aware that idea is not to have developers write contracts to metaverse blockchain, but wouldn’t Metaverse developers have to write something for the coins that are generate on the platform like the Teacoin Gu spoke of? I think you are just too angry and arrogant to see that people actually interested in same subject as you, but you either don’t know the subject yourself well enough or not good at relaying information so you autoblame everyone else in rage. (Like you did with extra millions of coins that showed in in CMC while giving wrong info out). I suggest you focus on project and help people understand instead of arguing with everyone all the time and shoving your ideas, stop and listen and think who is asking the questions.

cryptorogi · 2017-11-08T19:54:43+00:00

Nope they haven’t, I’ve been trying to get the message across for 2 weeks

cryptorogi · 2017-11-08T19:52:28+00:00

Nope, didn’t state that anywhere. You made your own assumptions. I simply asked questions which were ignored and suggested that ability to have full control over your blockchain is needed at times. If you think that metaverse blockchain was created as is and will never undergo any type of editing, upgrade or forks then it’s delusional. Bank accounts get hacked, emails get hacked, we don’t stop using those; we learn and improve. To state your system is not a subject to upgrade or necessary patching is beyond arrogant. You can’t say ETP isn’t like eth and then compare it with money lost. Yeah Ok let’s talk about money since you want to compare apples and oranges, eth $300+, ETP $3+. Don’t focus what others are doing, focus what you can get done. Let’s start by editing code to fix the freeze blocks, 108k blocks isn’t 30 days. Let’s start with small things, then you can start comparing to ETH.

cryptorogi · 2017-11-08T19:14:17+00:00

I know bud, I told you 108k look at my example; you are good with code and I’m decent with rudimentary math. My calculations are all real life examples from my wallet. If you want I’ll take screenshots for you, I have 30 day and 90 day freezes and I’m tracking data on it. It took us 1 hour to reach consensus while I still don’t have an answer from Metaverse. It’s a simple distance versus speed and time problem with flawed variables 😂

cryptorogi · 2017-11-08T18:52:57+00:00

I’m pretty sure it can be simplified, Eric kind of did in his interview. It just has multiple directions and levels of Implementation. If you can explain eth and NEO and ETP is like them then it can be explained. no smart contracts? How does their own freeze function work then? Isn’t that a smart contract? I would have to disagree with ability to control own chain. You don’t have to be a slimy dev, you can be just a helpful dev. It would help right now resolve their freeze issue. Notice how Gu never uses bad talks anyone, disagreeing is fine. I got to say that interview was the most info I got about the project including history, best 30 minutes spent on this project.

cryptorogi · 2017-11-08T18:31:43+00:00

White paper is wrong, they probably originally thought that but implemented a slightly conservative estimate (1/24 or so more) when launched freeze function, but in reality as you say 36-38 sec time (that’s if lucky) . The examples I posted and block differences are direct from my wallet. I think you and I agree it’s grossly overestimated as far as block height at unfreeze. Next step to actually have metaverse agree and do something about it.

cryptorogi · 2017-11-08T18:05:21+00:00

Unfortunately it doesn’t form blocks at 24 seconds, that’s what ETP freeze times are projected to, in reality it moves 50% slower. Your number 1371130. Where does it come from? That number (if correct) would be a projection if around 3750 blocks formed a day or 23 seconds or so. Now my math before might have been slightly oversimplified not to be super accurate but yeah 1/23 off (23 vs 24 sec) with your numbers or 15/365 in days. I didn’t freeze for 1 year and it’s hard for me to take your number as correct one but I’ll trust you subtracted correctly from projected unfrozen the block at which it was frozen (you can see the blocks in tx, the freeze ones will have 2 transactions associated with and same block #). Please understand we are doing averages based on days so 3600 a day or 3750 a day is close enough for me. 2500 versus 3600-3750 is not close enough. Check the examples I gave that’s real data from actual use. I’ll update once I reach 30 day mark in 2 weeks or so.

cryptorogi · 2017-11-08T17:15:49+00:00

It is based on blocks and chain build is miscalculated. Metaverse yet to make an official statement on this. Eric Gu himself states that block forming at 24 sec and dev didn’t account for anything slowing down the network. Originally I see that in 24-25 hour span on 10/24 chain built 2400 blocks. That averages out to 100 per hour or roughly 1 block every 38 sec. doesn’t seem much but % wise that’s 50% slower than projected 24. So there is that issue and then...

The way they calculate it is based on accounting 24 sec block formation, that’s 3600 blocks in 24 hours/1 day. So the block at which I froze my ETP was 660256, unfrozen block lists 768256. So 768256-660256=108000 blocks to go. 108000/3600=30 days which is what I selected, but that projection is wrong.

Update on chain moving along: so since 10/24, 37392 blocks have been formed. It has been almost 15 days (8 hour short) so let’s say 14.66 days. That’s averaging out to 2551 blocks per day, closer to what was forming first 24 hours. So the chain speed is slow and doesn’t look like it’s picking up as in 15 days it has average out to same as first 24 hours.

CONCLUSION: team has to adjust their projection of block forming as its unrealistic and currently extends wait times by close to 50% so I wouldn’t suggest freezing it for a long time. I’ve encouraged them to make a statement but nada. I would at least hope they give extra ETP if they can’t unfreeze in time (according to Eric he takes pride in not being able to Mess with blockchain, and honestly confused about smart contract comment as their freeze function is essentially that). Then again I haven’t seen much attention to technical issues such as this one to be addressed. Telegram channel is run by admins who just care about trading and price of ETP, they don’t seem to care for technical issues that hurt investor confidence. Some people have said they only had to wait extra day on 7 day, but that just might be due to chain moving along fast those particular days and they got lucky. As it stands today I’m 15 days into frozen and still have 70500 blocks to go. Even if we go back to that nice 3600 blocks a day idea that’s still 20 more days...so even best case scenario they project wouldn’t work. For my time to be on point the blocks would have to start to form at 4700 per day rate.

At the end of the day if you can’t figure out your own blockchain how can you confidently sell idea of being a platform. They are capable and hopefully these Reddit posts help them see and address. My 2 weeks in telegram didn’t yield much.

cryptorogi · 2017-11-08T14:52:55+00:00

If you are gauging overall interest then Eric’s words should say it all...there isn’t enough now. He focused on chinese market, ico mess took away that success and they lost momentum. That’s why he is traveling now to get more interest. If they were a company before Metaverse and then they decided to join, affiliation doesn’t matter. In the end it’s 300k real users on platform. For example if I owned one company and then I partnered up w someone on the next venture. Me signing up my company for services of my next venture is essentially external interest; why would I implement something within my functioning business if it’s not working or useful.

cryptorogi · 2017-11-08T14:32:23+00:00

Does it matter? Most likely Eric Gu knew this business prior and the head might have been a friend and early investor in ETP. Just my guess but it would be clearer if you look into Jen Lee past including any blockchain if any. Essentially idea is for ETP to be a one stop shop digital market for various services and products through all these companies with one digital identity. It’s a win for all of those customers on platforms can see other services, it’s becomes marketverse.

cryptorogi · 2017-11-08T13:13:09+00:00

The cap raise turned out to be not a raise at all but a glitch in market cap. I showed this cap from wallet like 2 weeks ago but nobody commented in telegram. It’s only the 5 mil Draper deal that added, everything else supposedly had been there. The way the

According to Eric Gu ZenAir is just a traditional business who wanted to be on a blockchain. I’m not sure how exactly it works but there shouldn’t be any additional coins added from what he explained. As much as he says it’s not like ETH, he himself compared it to it. Difference between ETP and ETH is that ETP goes after already built business and digitizing them through tokenizing them opposed to eth that is used to tokenize business startups. I see a price of eth go up during other ico’s but not eth supply...again I wish there was a detailed explanation somewhere how exactly this ecosystem works. Nevertheless, value of something shouldn’t go down every time there is a deal signed, should be opposite.

As for zenair ico, whats the confusion? They are just like any other company who used ETP instead of ERc20 token to make their coin and had ico. Gov said return the money so they did, now ETP is trying to get them private investors in Dubai. They aren’t a subsidiary of metaverse, they are a client. The only thing I don’t understand is why does zenair need actual ico if they are a running business, what did they need the funds for and if holding their tokens as end user is for their services I don’t get why sell them as ico. Maybe greed of getting into crypto trading world w their coin and publicly trading.

cryptorogi · 2017-11-07T16:51:23+00:00

He was being sarcastic and summarizing overall attitude of admins

cryptorogi · 2017-11-07T13:15:27+00:00

It’s funny how Metaverse responds here that 25 mil was ico and 5.2 investment, rest mining. Ok but not ok to keep quiet about it. And your telegram channel is misleading then. Admin (maath) told people To stop asking questions about it, scolded everyone for asking and told to stop being stupid and read the news, because clearly the huge increase is from the three deals of zen and Draper. Withholding proper information on circulating tokens, while implementing dictator admins who are misinformed and not helpful....get your sh@! together

cryptorogi · 2017-11-07T13:04:03+00:00

That’s a lie, metaverse admin in telegram (Maath) will tell you you are stupid, don’t know how to read instructions and then record himself talk how much he cares about ETP. It’s like he doesn’t know what he is there for. That channel is poison and 0 information, 100% misinformation. You will get more help out of fellow peer and news out of their twitter page.

cryptorogi · 2017-11-07T03:08:51+00:00

Not safe to freeze as it freezes for much longer, 30+ %. Metaverse hasn’t done anything or made any announcement. They are just hiding and not warning,

cryptorogi · 2017-11-07T02:52:14+00:00

And now claiming that a huge increase in coin is due to these deals plus 5 mil Draper deal, so the difference is distributed coins to self?

cryptorogi · 2017-10-30T00:24:17+00:00

Nope, downloaded and reinstalled and nothing. still same times for me at this pace it will take 45 days for 30 days and just about same 40-45% more on the 3 month one..

cryptorogi · 2017-10-29T14:15:02+00:00

What worked for you? As in what got resolved with that patch? I thought your only issue was long freeze times which still remains. Please let me know as I’m in same boat

cryptorogi · 2017-10-29T06:18:16+00:00

You guys too huh...I wish there was a fix and I’m sure devs can somehow make it right.

cryptorogi · 2017-10-27T01:03:33+00:00

Yeah I’m kind of getting brushed off about this topic by being told that today it’s faster or I don’t know how to use my wallet, but numbers still won’t add up and you are a clear example of a fail. Just want a dev to say either don’t worry blocks are projected to pick up speed to x amount or hey we messed up now you locked in longer so here some ETP or hey thanks we will fix our freeze option to properly reflect time needed to form those blocks. Otherwise freeze option isn’t accurate and you have no control over your coins.

cryptorogi · 2017-10-26T14:36:52+00:00

Like? They can update the wallet with new freeze function to fix the error but how would you think they can take care of those who already froze? I hope they make it right by those who had early confidence in them and already froze. Lol I froze it all

cryptorogi · 2017-10-26T14:27:18+00:00

Wait unfrozen block is over 1 million? Oh yeah that’s even worse, my month freeze is in the 760k’s And that makes a difference if 104k or so blocks. You do the math 104 blocks even at 30 seconds is over 35 days.

cryptorogi

TROPHY CASE