Clinamenic
Binary & Tweed
Imagine all the fringe science I will be able to fund with my vast reserves.
COINBASE for Crypto has come
Clinamenic
Binary & Tweed
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.
This CityCoins project is really interesting. I'm reading through the documentation and some of the code now.
Also MetaMask may be getting its own token, presumably for governance primarily but maybe it will have some utility as well.
ConsenSys Founder Joe Lubin Teases MetaMask Token $MASK - The Defiant
Joseph Lubin, founder of Ethereum incubator ConenSys, set off speculation a token for the non-custodial wallet MetaMask is imminent after tweeting, “Wen $MASK? Stay tuned.” ConsenSys develops MetaMask.thedefiant.io
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.
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
Binary & Tweed
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
Binary & Tweed
@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.
discord.gg
As is the discord for CityCoins
discord.gg
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.
Discord - A New Way to Chat with Friends & Communities
Discord is the easiest way to communicate over voice, video, and text. Chat, hang out, and stay close with your friends and communities.
discord.gg
As is the discord for CityCoins
Discord - A New Way to Chat with Friends & Communities
Discord is the easiest way to communicate over voice, video, and text. Chat, hang out, and stay close with your friends and communities.
discord.gg
Clinamenic
Binary & Tweed
Potentially a niche historic moment here, the launching of NYCcoin which is already personally endorsed by NYC Mayor Adams.
Clinamenic
Binary & Tweed
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
Binary & Tweed
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.
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.
Clinamenic
Binary & Tweed
Some people are contributing over $10k worth of STX to this pool.
Clinamenic
Binary & Tweed
As in you don't trust it, don't understand it, both?
Clinamenic
Binary & Tweed
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
Binary & Tweed
Only way to compete with the whales. There are even a handful of whales that joined the pool.
Clinamenic
Binary & Tweed
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.
Already an order of magnitude bigger than the pool organized for MiamiCoin, apparently. This shits crazy.
Clinamenic
Binary & Tweed
So what happens if your pool doesnt win? Lose your stx?
Clinamenic
Binary & Tweed
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.
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.