Clinamenic

θερμοδυναμικός καπιταλιστής
Imagine all the fringe science I will be able to fund with my vast reserves.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
I'll just instruct you remotely, so long as we acknowledge that it wouldn't be financial advice and that I'm not certified or registered in such a capacity.

This CityCoins project is really interesting. I'm reading through the documentation and some of the code now.
 

148 I.Q. Magical Thinker

Bamber Clatscoigne
Also MetaMask may be getting its own token, presumably for governance primarily but maybe it will have some utility as well.


But re STX and NYC coin, perhaps it will be worthwhile to find a pool to do this, rather than doing it individually.

Metamask token would be good, hope there's an airdrop. I'm kicking myself over ENS. I hovered over the register button for a couple of .eth domains over the past 3 months, but backed down over gas price. Would have received a nice drop of ENS tokens this week, at nearly $60 each this morning.
 

catalog

Well-known member
I'll just instruct you remotely, so long as we acknowledge that it wouldn't be financial advice and that I'm not certified or registered in such a capacity.

This CityCoins project is really interesting. I'm reading through the documentation and some of the code now.
ok but i would prefer it if i just gave you the money and you just did what you thought was right. i trust you with my life.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Metamask token would be good, hope there's an airdrop. I'm kicking myself over ENS. I hovered over the register button for a couple of .eth domains over the past 3 months, but backed down over gas price. Would have received a nice drop of ENS tokens this week, at nearly $60 each this morning.
Same thing for me, only I had never decided on any domain names in particular. But that said, if gas fees were lower, I may have just picked a few up anyway.

I wonder if there are any ETH whales who are manipulating the network activity, i.e. flooding the network with transactions, to artificially raise gas fees and price out the small wallets.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
@148 I.Q. Magical Thinker

I found an NYCcoin mining pool, which is now accepting pool contributions for when NYCcoin starts getting minted.

I still would like to be a little more confident in how this works, but it seems there is a pool operator in charge of manually calling the contracts built for CityCoins, and that if the pool wins any blocks, the winnings will be distributed.

So you would just need to acquire STX (which I got from a USDT/STX trade pair on Kucoin), send the STX to your Hiro Wallet, and from the Hiro Wallet send minimum 150 STX (~$300) to the address in the pinned posts in the "nyc" channel in this Discord. (The address is SPYABDY1GR8RPQVNK1VFD1CQP6MZT2GF4Q9QB19F, and here is the address on the Stacks blockchain explorer. As you can see, the address already has ~$300,000 worth of STX contributed so far, with more pouring in every few seconds.

The discord for this pool is super active.


As is the discord for CityCoins

 

Clinamenic

θερμοδυναμικός καπιταλιστής
Potentially a niche historic moment here, the launching of NYCcoin which is already personally endorsed by NYC Mayor Adams.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Its a complicated arrangement, but I will answer whatever questions I can. Its not a guarantee that STX bids will win any newly minted NYCcoin, and even though this pool is getting massive, there is still a chance (albeit a seemingly tiny one) that it doesn't result in any won STX blocks, i.e. any newly minted NYCcoin.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
The first round of STX bids will go 100% to the wallet associated with the city's treasury, seeing as there will be no NYCcoin minted at this point, but after that the treasury will get 30% of STX bids and the other 70% will go to whoever won the previous round and got the NYCcoin and has "stacked" the NYCcoin.

Thus NYCcoin stackers will get an influx of STX, which they can use to bid on future blocks for a chance to win more NYCcoin. But when you bid STX, you forfeit it to the NYCcoin smart contracts, i.e. it gets recycled and sent 30/70 to the city treasury and any existing NYCcoin stackers.
 

catalog

Well-known member
I thought I was gonna be technology technology technology all the way but crypto, dark Web, discord, it's where I get off the bus. I finished at bittorrent and megaupload.
 

catalog

Well-known member
Don't understand it, don't care enough to want to.

Im sure if I was in my 20s I would be bang into it. I'm just lazy and can't be arsed.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Just joined a pool to bid on the first round of NYCcoin mintings. If I was doing it alone I'd have far slimmer chances but a far greater potential reward. I'd prefer this way, as it is a virtual guarantee that a a pool this size will win at least one of the blocks.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Only way to compete with the whales. There are even a handful of whales that joined the pool.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Looks like this pool is gonna have solid odds on every block, maybe even >10%. And there are still two days for people to contribute.

Already an order of magnitude bigger than the pool organized for MiamiCoin, apparently. This shits crazy.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Yeah you lose your STX regardless, but if the pool wins then you get NYCcoin fresh from the mint.

They call it "mining" but really the only similarity to PoW mining is that there is an expense involved in vying for block rewards. Instead of the overhead of GPU rigs and ongoing electricity bills, you are essentially spending STX.
 
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