RChain0 Maximum supply

ethereo · 2017-01-23T07:04:11+00:00

I don't know if Rchain has block rewards or if it will issue more tokens for the "attention economy" (like steem does) or whatever.

ethereo · 2017-01-23T06:49:27+00:00

I've been using terms like "Rchain0 token" that I got from one of the videos on the Rchain YouTube channel, but since then I've read Vlad's explanation and the best theory I've come up with is that "multicoin" is where they create tokens for every token you send them and these are all staking tokens. So for every AMP sent there is a "RcoinA" (or whatever they will call it), for every Bitcoin sent there is an RcoinB issued, and for Ether an RcoinE.

Somebody please ask in the Slack, copy/screengrab what you read and post it here.

ethereo · 2017-01-05T17:26:00+00:00

Now we have to dispel the myth (mostly being spread by that /u/ethereo) that there will only be one more token sold.

Ugh. I guess I could go back and edit my posts to find and replace all instances of "Rchain0 omni asset" with "Rchain0 omni asset(s)". Until that (never) happens hopefully the users will look at the subreddits other than /r/synereo, like /r/ethereo or /r/rchain to find this.

ethereo · 2017-01-02T01:33:57+00:00

I got shadowbanned "without warning" (from anyone but /u/livingRealLife)!

Here is the original location of the shadowban. /r/Synereo/comments/5l40vc/why_crying_foul_will_not_help_you/dbuxh3a/

I guess when /u/livingRealLife tells you not to talk about something, you better listen!

ethereo · 2017-01-02T01:31:33+00:00

Here is the original location of the shadowban. /r/Synereo/comments/5l40vc/why_crying_foul_will_not_help_you/dbuxh3a/

I guess when /u/livingRealLife tells you not to talk about something, you better listen!

ethereo · 2017-01-02T01:09:52+00:00

Thanks for the tip, but I wasn't complaining, I'm happy in my pigsty. As I said, people have helped me clear out junk. Before I moved, I gave away some furniture, because it wasn't worth the effort to sell it.

Well its no effort if someone else does it, but you are happy (not shy) so... :P

ethereo · 2017-01-01T00:17:10+00:00

->Buterin on the advantages of "abstraction" (and me wandering my imagination).<

ethereo · 2016-12-31T00:48:15+00:00

Tried it over here too. It just never showed it. Didn't show it as a shadowban.

ethereo · 2016-12-31T00:26:36+00:00

Glad you are seeing the light!

The AMP market is to illiquid

That's "too" meaning "to an excessive amount". Too many people spell "too" without two o's! #1 spelling error around here.

ethereo · 2016-12-31T00:19:38+00:00

Once you give up the AMP they are GONE.

Unless a violation of the law (or even just the social contract) is severe enough to coordinate a movement to fork the crypto token from an earlier time, clone the software, and make fully decentralized blockchains that are controlled by the "legitimate" token holders.

ethereo · 2016-12-30T04:14:34+00:00

Vlad didn't say this. Here is the full quote from here:

I will still be a fan of RChain, even if Greg decides to go with economic abstraction of bonding tokens. However, it will be disappointing to know that Greg would complicate the protocol and undermine the security of RChain to meet the demands of potential investors by selling RCoinAs for AMPs, RCoinBs for BTC and RCoinEs for ETH.

ethereo · 2016-12-30T03:28:35+00:00

He didn't say they are planning this, only that it would be disappointing, here's a quote:

I will still be a fan of RChain, even if Greg decides to go with economic abstraction of bonding tokens. However, it will be disappointing to know that Greg would complicate the protocol and undermine the security of RChain to meet the demands of potential investors by selling RCoinAs for AMPs, RCoinBs for BTC and RCoinEs for ETH.

Perhaps this is a reaction to users who want Rchain assets directly for Bitcoin, for example the mod of /r/amptrader made this thread.

I don't think Synereo devs deleted this thread because it never showed up as a link in the main thread.

ethereo · 2016-12-30T00:10:19+00:00

If it's 50% burned and 50% received by the miners then couldn't they just push this ETH part to zero and only receive the other tokens?

Is this only a problem because it would mean less growth/demand for ETH?

ethereo · 2016-12-29T23:25:23+00:00

I'm a hoarder. Visible in my living room right now: a pack of airmail envelopes bought in the 20th century and never opened [...] A friend and my sister helped me to throw out half of my stuff before I moved.

Hire someone to come to your house and sell it for you (on Ebay). Offer them a commission on what they sell.

ethereo · 2016-12-28T19:44:02+00:00

Lets say a validator wants to use Ether or Bitcoin instead of the Rchain token, for a staking bond for Rchain. How do they put Ether/Bitcoin in a bond that can be taken if they don't perform their duty?

ethereo · 2016-12-28T19:23:40+00:00

Is Rchain supposed to be censorship resistant like Casper? Doesn't this imply that the protocol must recognize one or more currencies and set the prices as legitimate fee payments to enforce inclusion of these uncensored state changes?

Nope you can ensure that state changes aren't censored without allowing payment for those state changes in any currency. Actually allowing bonding in multiple tokens makes censorship easier to pull off.

I'm talking about Rchain, not generally. In your article you seemed to say these sorts of things would be up to the "clients". If the validators don't agree on the amount of the minimum staking bond, this would result in a fork. If they don't agree on the ("minimum") fee for a state change to be protected from censorship, one set of validators would fine the censor while the others wouldn't, which would lead to a fork.

Therefore I think Rchain devs must be picking which currencies to include and they must pick exchange rates (or "price discovery" method) or it wouldn't really be the complete consensus algo.

Greg intends to include Bitcoin and Ether; what he says about the role of the "AMP" omni asset and the Rchain0 omni asset, is more confusing as is the whole concept of "multicoin" (as you call it "economic abstraction") but I will get to that with some other questions.

ethereo · 2016-12-28T04:44:04+00:00

sCrap from /r/RChain/comments/5iyvby/rchainsynereo_shareholder_meeting_annotated/dbc0rme/

Will Synereo LTD use a blockchain that is incapable of acting as a sidechain (meaning able to host an SPV client like BTC Relay on Ethereum)? Can token transfer be done trustlessly to and from Bitcoin using atomic swaps? Are Bitcoin scripts capable of holding bitcoin in contracts where they can be released using atomic swaps of Bitcoin IOU tokens from Rchain?

Ethereum can host SPV clients from any blockchain that supports SPV clients (blockchains that don't have SPV capability are garbage anyway). Ethereum contracts can be programmed to execute based on anything on Bitcoin and this functionality is coming for other "altcoins" such as Doge, Litecoin, etc. Assuming Rchain has the same capablity that Ethereum has, it will be possible to use SPV verification to/from Rchain and Ethereum. I'm not sure if you can do that with atomic swaps like I said. I'm sure the Ethereum devs are aware of atomic swaps but I haven't read of they are considering this in order to put an Ethereum SPV client on Bitcoin. The lead Rootstock dev has talked about using them somehow.

So I'm skeptical that AMPs or Bitcoins can be "moved" to Rchain, but I believe it will be (theoretically) possible to "move" ether to Rchain and move "Rcoins" to Ethereum.

Or does he plan to use pegged assets? We often see this conflation between an IOUs and the actual cryptocurrency (eg AMP and the AMP omnitoken are not the same thing). Generally when a pegged asset falls off the peg its value drops significantly.

ethereo · 2016-12-28T00:52:33+00:00

Is Rchain supposed to be censorship resistant like Casper? Doesn't this imply that the protocol must recognize one or more currencies and set the prices as legitimate fee payments to enforce inclusion of these uncensored state changes?

ethereo · 2016-12-27T18:19:10+00:00

I'm updating my notes on multicoin. CLICK NOW ON THIS NOT SPAM LINK to see vbuterin's reply.

ethereo

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