[ANN][STD] StandardCoin - BUILT-IN EXCHANGE - Permanently Rising Rate

[jomay]

To be honest, it feels like I'm the only one on this forum that understands the system and the math behind it correctly... either I'm a genius or there are a lot of high school kiddies on here.

Regarding your comment: no, the initial investors buy at a bad price. I think someone on the forum also already noticed it that buying after the price valuation phase gives you STD's at roughly half price.

Here are the details: the +1 in 1/(AMC+1) does not make a difference, it is a quantisation effect, as it relates to 1 additional BTC invested. However, to get the true marginal rate for buying STD's you'd have to consider an (infinitesimal) small additional investment of x BTC from the reserve. The accurate formula then is:
S STD's received for x BTC invested:
   S = (x/(AMC+x)) * F * (MMS/2)
   S = F*x*MMS/(2*(AMC+x))
Hence the price paid in BTC/STD is:
   x/S = 2*(AMC+x) / (MMS*F)
simplifying yields:
   x/S = (2/F)*(AMC/MMS + x/MMS)
   x/S = (2/F) * (GER + x/MMS)
Obviously x can be very small, as a buy may choose to buy 0.01 BTC worth of STD's etc.
Taking lim(x/S) for x->0 (i.e. an infinitesimal small buyer) we get the result I stated initially:
   x/S ~= (2/F) * GER

It is possible to fix this, but I can't be bothered going through that now. You can make me a partner, though and I'll think about it again.
Oh well, I guess the simplest fix would be to half the number of STD's received in the S = ... formula.

Yeah, you are right, I noticed that. We will need to tweak the formula a little bit. Thank you for the hint. I'm working on it.
I can't make you a partner but I can donate you some BTC from my own pocket.
what is your BTC address?

Happy to get some donations if anyone found my post(s) helpful. I added a BTC address to my sig: 1NoV8NFSB7eiuK2aABFtBTdUdXhbEdG7Ss
You early adopters should be thanking me for spotting this... 

No worries about the partnership, I wasn't really serious. I've got too much to do anyways, and this was a rather simple defect. I'm more interested starting a BTC exchange that can't be hacked like Gox... have a few ideas, but too lazy to get going. 

[Kreativekrypto]

Nice catch Jomay. Dev let us know when the formula is corrected please.

[standardcoin]

Exchange engine has just been tested and it ran smoothly.
Some important changes in the system:

• Future investors will only get 100,000,000 STD.
• The other 100,000,000 STD will go  to "AMC miners" (Who will help the AMC to rise) by mining at a Private Multipool.
• More details will be updated on the main post and the homepage.

[kache]

Exchange engine has just been tested and it ran smoothly.
Some important changes in the system:

• Future investors will only get 100,000,000 STD.

• The other 100,000,000 STD will go  to "AMC miners" (Who will help the AMC to rise) by mining at a Private Multipool.

• More details will be updated on the main post and the homepage.

Nice, following the Blackcoin idea? Not a bad one.

[NickPortland]

Come on, who's giving the dev negative Trust points?

You can't just do that faking transactions and deals.

He should report the culprits to mods.

[standardcoin]

Come on, who's giving the dev negative Trust points?

You can't just do that faking transactions and deals.

He should report the culprits to mods.

A kid couldn't understand the system even I tried to explain it to him a few times.
After I told him to go learn some basic maths first. He gave me a negative feedback. lol.

[standardcoin]

More info updated. Pool will be launched soon.
https://standardcoin.net/multipool

[CarlosWing]

why you Trust is -6?

[standardcoin]

why you Trust is -6?

Already answered here:

Come on, who's giving the dev negative Trust points?

You can't just do that faking transactions and deals.

He should report the culprits to mods.

A kid couldn't understand the system even I tried to explain it to him a few times.
After I told him to go learn some basic maths first. He gave me a negative feedback. lol.

[Kreativekrypto]

Standard if the multipool is private will you be sending out PM's to your supporters/investors?

[Turpomann]

How about changing the abbreviation STD to something not so sexually transmitted? I know that most of the suitable ones are already taken, but something like STDC, SDD, SND are much better than STD for obvious reason. 

[arz]

How about changing the abbreviation STD to something not so sexually transmitted? I know that most of the suitable ones are already taken, but something like STDC, SDD, SND are much better than STD for obvious reason. 

It'd be better if you change to any name except STD lol

[LammerOutsider]

conf pls? :/

[Freew]

Hello Everyone


http://std.pool-to-pool.com/Standard.png



Here is new stable Standardcoin Mining Pool
 

http://std.pool-to-pool.com

 
-->>>  First 30 User flagged to no fee for live time!!!

Overview:

- Location EU (Germany)

- VARDIFF SUPPORT
- LOW FEE 1%
- SECURE SERVER
- Prop PAYOUT

- 10Gb/s FIBER OPTICAL CONNECTION
 
everyone is welcome...

Thanks
 

Merratzz

pool-to-pool.com Team

Good Pool ;-)

[Turpomann]

Mods don't remove scams, you have to read and find out yourself (here my explanation).

I notified Tomatocage too.

Huh! It's not cool to misuse the trust system like that. What if everybody begin to do that?

We all get the scam accusations already. Are you going to give negative trust to everyone who doesn't agree with you?

[nbphuoc]

Mods don't remove scams, you have to read and find out yourself (here my explanation).

I notified Tomatocage too.

Huh! It's not cool to misuse the trust system like that. What if everybody begin to do that?

We all get the scam accusations already. Are you going to give negative trust to everyone who doesn't agree with you?

Yes, seems like he misused the trust system.

On feedback pages, you can leave trade feedback. There are no rules for this, but here are some guidelines:
- List all of the trades that you do with people (or at least the major ones). This is not like #bitcoin-otc where you give people just one score.
- Do not rate people based on the quality of their posts.

[alnitak]

There's an error in the calculations on their website:

Investor 1 decided to take profit. They sell 100,000,000 STD back to the store at the current GER rate which is 40 satoshi

 Investor 1 will receive 40 BTC.
 AMC is STILL 160 BTC
 GER is STILL 0.000000040 BTC (~ 40 satoshi)
 Stored STD is: 50,000,000 + 100,000,000 = 150,000,000 STD
The AMC is not affeted by this selling activity.
GER still stays at 40 satoshi no matter what.

It's completely incorrect, because according to a few paragraphs earlier, Investor 1 only got 25,000,000 STD for their initial 10 BTC.  They're not withdrawing at a profit, they only get back the same number of BTC as they put in!

[standardcoin]

There's an error in the calculations on their website:

Investor 1 decided to take profit. They sell 100,000,000 STD back to the store at the current GER rate which is 40 satoshi

 Investor 1 will receive 40 BTC.
 AMC is STILL 160 BTC
 GER is STILL 0.000000040 BTC (~ 40 satoshi)
 Stored STD is: 50,000,000 + 100,000,000 = 150,000,000 STD
The AMC is not affeted by this selling activity.
GER still stays at 40 satoshi no matter what.

It's completely incorrect, because according to a few paragraphs earlier, Investor 1 only got 25,000,000 STD for their initial 10 BTC.  They're not withdrawing at a profit, they only get back the same number of BTC as they put in!

The earlier investor is investor A not investor 1. Investor A is the one who joined the Price Valuation Phase.
Investor 1 is just an example, he re-present for all the Initial Investors, who hold 100m STD.

I've just fixed the formula on the Exchange page. We will use a new concept called: Step - AMC
Basically. The buying price will based on the next-step AMC, not the current one. This will make sure that all the new investors in the current round will buy at the same price.
Will deploy the new calculator in a moment.

[Turpomann]

Mods don't remove scams, you have to read and find out yourself (here my explanation).

I notified Tomatocage too.

Huh! It's not cool to misuse the trust system like that. What if everybody begin to do that?

We all get the scam accusations already. Are you going to give negative trust to everyone who doesn't agree with you?

No I'm not.
I'm tagging SCAMMERS. Maths there, no opinions, no "disagreement".
You can still choose to get scammed if you are fooled by a couple of simple formulas, your choice of course. But a fair warning may spare some distracted user to be a victims.

- Do not rate people based on the quality of their posts.

"Quality" of the post has nothing to do with this. It's a plain, blatant scam. It's a fraud, so op is not trustworthy. I'm perfectly in line with trust system guidelines.
Matematical proof here  --> https://asktom.cf/index.php?topic=522874.msg5919351#msg5919351

No, you are misusing the system. There's no way around it. You clearly justify your negative feedback on the quality of his posts. Trust system is meant for trading only. You can't redefine the rules how you like. I agree it's good to warn about scams, but nobody likes bullies.

[alnitak]

The earlier investor is investor A not investor 1. Investor A is the one who joined the Price Valuation Phase.
Investor 1 is just an example, he re-present for all the Initial Investors, who hold 100m STD.

You cannot describe a hypothetical "Investor 1" withdrawing his funds without explaining exactly what investment that very same person made in the first place, and how many STD they got for that investment.