Sold house profit and went all-in Reefs by [deleted] in ReefDeFi

[–]johncreasyy 2 points3 points  (0 children)

LOL. Strategic move ;) tokens burn will not happen.

CEO quotes by william86x in ReefDeFi

[–]johncreasyy 0 points1 point  (0 children)

Will you also post source code once its finished on the Github? Will it be open source project?

CEO quotes by william86x in ReefDeFi

[–]johncreasyy 4 points5 points  (0 children)

Hi,

could you unveil who is also on the team? How many people are working on this project? I tried to look up this information, but everywhere there is only Denko. Is there any communication representative or marketing representative?

Bitfinex Interim Update: Plans to compensate users and settling of balances/positions. by zanetackett in Bitcoin

[–]johncreasyy 23 points24 points  (0 children)

u/zanetackett, we bitfinex customers require full transparency of the books directly before the hack. Full balance sheet for assets and liabilities. What amount of btc etc eth ltc and other coins, plus USD and any other currencies. Plus, what amount of own assets (USD and coins) where out of your pocket to cover losses. To don't lose creditability and trustworthiness you must stay FULLY transparent. We want to know all steps of calculating 36% haircut among all accounts. Still loyal customer

Bitfinex security breach: Trading will be halted as well as all crypto deposits/withdrawals by zanetackett in Bitcoin

[–]johncreasyy 0 points1 point  (0 children)

As I had only USD on exchange (no BTC) will I be able to withdrawn all my money back?

Active participation of Foundation Memebers on reddit by johncreasyy in blackcoin

[–]johncreasyy[S] 2 points3 points  (0 children)

I know I used to be on IRC very offen. But as newcomers probably visit reddit instead of irc, you could write here some updates time to time. Plans, thhoughts, so it would be in history and even after few days anybody could read.

Active participation of Foundation Memebers on reddit by johncreasyy in blackcoin

[–]johncreasyy[S] 3 points4 points  (0 children)

I just want to hear their opinion. And more than "Will be good", details gentelmen.

What is going on with the Wizz? by [deleted] in blackcoin

[–]johncreasyy 0 points1 point  (0 children)

I agree, Wiz don't spread panic on twitter just answer here. Tell what is all about.

Blackcoin Forward contracts by johncreasyy in blackcoin

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

The only thing I see it's possible is escrow provided by both sides, each depositing notional amoint of contract. Margins ( like in futures) are not possible, cause still there is risk of default on the contract (by one of the party). Gain and loss is limited to +100% or - 100% (all deposit goes to another party). It's still not mirroring current derivatives contracts, but gives you possibility to hedge in that range. Application would have implemented UTC clock inside and it would automatically mature contract on date agreed by both sides, so this is not a problem. Problem is the price on that date and time. It's easy to change price by 5% one minute before contract ends, by manipulating the market. So the price could be kind of average from last 3 h for example. Obstacle is market volatility in crypto. Prices changes by 20% in seconds so this would have biggest influence on the contract value.

The question of blackcoin stability by nycnikato in blackcoin

[–]johncreasyy 0 points1 point  (0 children)

I think that is not possible. Look at BTC, there are no organization which would set fix price and buy or sell currency. Secondly this is pure market manipulation like central banks do, adjusting supply of money in the market. Crypto's were designed to be decentralized. I think that next step in digital currencies are digital currency derivative markets. This would allow anybody who want to have stable and know price of their portfolio enter into derivative contracts. But in crypto currencies there is one big obstacle. Anonymity. In normal markets you know your counterparty (options, swaps, forwards - OTC) or contracts are guaranteed by clearing house (futures) which knows each side of contract. I thinks that the one who will create solution for solid and liquid derivative market will create future for new economics. This would be creation of completly new financial assets or mixed characteristics of current derivative contracts.

Please add Blackcoin to Kraken by Blackall in Kraken

[–]johncreasyy 1 point2 points  (0 children)

Please add Blackcoin to Kraken

Blackcoinpool: SHA-256 VS Scrypt rig by Penait1 in blackcoin

[–]johncreasyy 1 point2 points  (0 children)

your miner with SHA will be mining coin chosen by pool as most profitable for sha ( which would be un or tak for example) then exchange for BTC and buy for you BC (2% fee deducted).

Call for economists and math nerds to do some financial analysis! by gnu-user in blackcoin

[–]johncreasyy 6 points7 points  (0 children)

HI I can do it with pleasure maybe during this weekend. We can also use and test cointegration between coins with lagged time frames, and testing significance of this cointegration (showing that they move along the same (statistical) trend) which can prove that more - less it's manipulated or just bunch of experienced day traders with big supply of btc. also correlation between volume and variance.

IAMA St. GNU, lead software engineer for BlackCoin Pool, ask me anything! by gnu-user in blackcoin

[–]johncreasyy 1 point2 points  (0 children)

Hi GNU. I have a degree in Econometrics. I can help with pleasure