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Main => General Discussion => Topic started by: bitcrab on December 07, 2015, 01:03:21 pm

Title: Plan to run private smartcoin TCNY
Post by: bitcrab on December 07, 2015, 01:03:21 pm
transwiser plan to create and run a private smartcoin TCNY.

at first, the parameter of TCNY will be as same as BitCNY except:

1. feed_lifetime_sec will be 7200
2. force_settlement_offset_percent will be 2%

the first change is to make the feed price to trace actual market price more closely. the second change is to make 1:1 pegging possible and attract merchants/customers.

we will have a TCNY committee, which will control the parameter of TCNY by votes, at first there will be 4 memeber, below are their accounts and weights:

1. bitcrab 3
2. baozi(alt) 1.5
3. gulu 1
4. harvey 1

the committee's task is to manage the parameter of TCNY in a decentralized manner, prevent TCNY from being hurt by one single dictator, in the future we will invite more member to join the TCNY committee if necessary.

transwiser will provide gateway and market maker service for TCNY.

we will try to make TCNY an attractive smartcoin for traders, merchants/customers and speculators. hope we can get support from community, witnesses and developers.

transwiser.com
Title: Re: Plan to run private smartcoin TCNY
Post by: libaisan on December 07, 2015, 01:17:22 pm
应该一式两份,中英文各一
毕竟主要用户是中文区不是嘛
Title: Re: Plan to run private smartcoin TCNY
Post by: ebit on December 07, 2015, 01:21:26 pm
 +5%
Title: Re: Plan to run private smartcoin TCNY
Post by: bitcrab on December 07, 2015, 01:23:04 pm
应该一式两份,中英文各一
毕竟主要用户是中文区不是嘛

最早的计划是在中文区发的,内容基本一致,这个主要是给老外看的。
Title: Re: Plan to run private smartcoin TCNY
Post by: Empirical1.2 on December 07, 2015, 01:28:11 pm
Good luck

If it's successful,  you should get more voting support then all you'll need is a few developers & CNX will be obsolete.

Title: Re: Plan to run private smartcoin TCNY
Post by: xeroc on December 07, 2015, 02:09:17 pm
Good luck!
If you need any modifications to the price feed script, just drop me a line!
Title: Re: Plan to run private smartcoin TCNY
Post by: bitcrab on December 07, 2015, 02:24:43 pm
thanks xeroc! I think will need, let's wait till TCNY is created and check. :)
Title: Re: Plan to run private smartcoin TCNY
Post by: Samupaha on December 07, 2015, 02:52:56 pm
Great! Interesting to see how it works!  :)
Title: Re: Plan to run private smartcoin TCNY
Post by: cass on December 07, 2015, 02:54:18 pm
Interesting project!
Good luck  +5%
Title: Re: Plan to run private smartcoin TCNY
Post by: Xeldal on December 07, 2015, 03:25:00 pm
Excellent!   +5%
This is a good direction.
I hope to see more of this.
Title: Re: Plan to run private smartcoin TCNY
Post by: gunailei on December 07, 2015, 03:31:18 pm
 +5% +5% +5%
Title: Re: Plan to run private smartcoin TCNY
Post by: donkeypong on December 07, 2015, 05:29:05 pm
Good luck, guys.
Title: Re: Plan to run private smartcoin TCNY
Post by: bytemaster on December 07, 2015, 07:49:30 pm
Good luck

If it's successful,  you should get more voting support then all you'll need is a few developers & CNX will be obsolete.

I wish them the best!  This is exactly the type of innovation I was hoping Graphene would enable.
Title: Re: Plan to run private smartcoin TCNY
Post by: santaclause102 on December 07, 2015, 08:02:04 pm
 +5% 8)
Title: Re: Plan to run private smartcoin TCNY
Post by: Empirical1.2 on December 07, 2015, 09:38:31 pm
Good luck

If it's successful,  you should get more voting support then all you'll need is a few developers & CNX will be obsolete.

I wish them the best!  This is exactly the type of innovation I was hoping Graphene would enable.

Yes I know.  You saw the potential in and encouraged privatized BitAssets  https://bitsharestalk.org/index.php/topic,15759.0.html

BitCrab already has a lot votes though and I'm not sure how you'd feel about him amassing a controlling BTS vote if he makes this a success & I'm also not sure CNX will want to develop under their direction.  So I think that's where it could get interesting.
Title: Re: Plan to run private smartcoin TCNY
Post by: merivercap on December 08, 2015, 01:04:35 am
Good luck

If it's successful,  you should get more voting support then all you'll need is a few developers & CNX will be obsolete.

I wish them the best!  This is exactly the type of innovation I was hoping Graphene would enable.

Yes I know.  You saw the potential in and encouraged privatized BitAssets  https://bitsharestalk.org/index.php/topic,15759.0.html

BitCrab already has a lot votes though and I'm not sure how you'd feel about him amassing a controlling BTS vote if he makes this a success & I'm also not sure CNX will want to develop under their direction.  So I think that's where it could get interesting.

Thanks for the thread link.  Had to re-read it.

Ok so BM stated some time ago that ultimately the price feeds should be the main concern, and the rest are taken care of with the blockchain.  I guess if we start a privatized Smartcoin we can always bring it back under community control somehow if any regulatory issues come up.   

Anways  +5% great to see you guys getting this started with CNY!  I'm sure you guys will do well.   We'll probably go this route as well to test out another USD just so we can experiment faster to see what works.   
Title: Re: Plan to run private smartcoin TCNY
Post by: bitcrab on December 08, 2015, 03:44:44 am
Good luck

If it's successful,  you should get more voting support then all you'll need is a few developers & CNX will be obsolete.

I wish them the best!  This is exactly the type of innovation I was hoping Graphene would enable.

Yes I know.  You saw the potential in and encouraged privatized BitAssets  https://bitsharestalk.org/index.php/topic,15759.0.html

BitCrab already has a lot votes though and I'm not sure how you'd feel about him amassing a controlling BTS vote if he makes this a success & I'm also not sure CNX will want to develop under their direction.  So I think that's where it could get interesting.

Thanks for the thread link.  Had to re-read it.

Ok so BM stated some time ago that ultimately the price feeds should be the main concern, and the rest are taken care of with the blockchain.  I guess if we start a privatized Smartcoin we can always bring it back under community control somehow if any regulatory issues come up.   

Anways  +5% great to see you guys getting this started with CNY!  I'm sure you guys will do well.   We'll probably go this route as well to test out another USD just so we can experiment faster to see what works.   

ya, hope a well designed and run USD come,  especially hope it open the channel to fiat, we are waiting for such a USD for remittance business.
Title: Re: Plan to run private smartcoin TCNY
Post by: 55 on December 08, 2015, 04:16:45 am
good luck +5%
Title: Re: Plan to run private smartcoin TCNY
Post by: xeroc on December 08, 2015, 07:30:30 am
I'm also not sure CNX will want to develop under their direction.  So I think that's where it could get interesting.
That's the whole point of "voting for hardforks" .. so that they can establish teir own coding company and compete with CNX
Title: Re: Plan to run private smartcoin TCNY
Post by: merivercap on December 09, 2015, 06:21:48 am
Good luck

If it's successful,  you should get more voting support then all you'll need is a few developers & CNX will be obsolete.

I wish them the best!  This is exactly the type of innovation I was hoping Graphene would enable.

Yes I know.  You saw the potential in and encouraged privatized BitAssets  https://bitsharestalk.org/index.php/topic,15759.0.html

BitCrab already has a lot votes though and I'm not sure how you'd feel about him amassing a controlling BTS vote if he makes this a success & I'm also not sure CNX will want to develop under their direction.  So I think that's where it could get interesting.

Thanks for the thread link.  Had to re-read it.

Ok so BM stated some time ago that ultimately the price feeds should be the main concern, and the rest are taken care of with the blockchain.  I guess if we start a privatized Smartcoin we can always bring it back under community control somehow if any regulatory issues come up.   

Anways  +5% great to see you guys getting this started with CNY!  I'm sure you guys will do well.   We'll probably go this route as well to test out another USD just so we can experiment faster to see what works.   

ya, hope a well designed and run USD come,  especially hope it open the channel to fiat, we are waiting for such a USD for remittance business.

Yeah sounds good.  Hopefully we can work together for remittances.