Next E-Meeting 30.05.2020

#4

Por favor, use Google Translate la próxima vez.
OK, I translated in google English your second part:

Today almost 3 years have passed and this community has created the solid foundations of btcz with mistakes and successes, with people who left and others who came, but always with the same drive.

All this I say because I believe that it is time, like almost 3 years ago, to give another important impact that draws the attention of our currency and positions it at the height of the TOP 30, since unlike before now we are stronger with good foundations.

The idea in any project is to set long, medium and short-term goals, for me the long-term goal is that btcz is considered a normal currency, that I can go buy milk and pay with btcz, I do not want it to replace the btc since this (btc) is a guard currency and btcz should be to buy not to save (always speaking long term). To achieve this final objective, you have to set short goals to meet, which has been done but the way in which you have been working is error. I will give an example, imagine that we all want the best for btcz and we have contributed things to the project but we have made individual efforts, as if we were pulling a rope separately and sometimes even in a different direction. What I am saying is that you do not have to pull a rope but the idea or metaphor is to inflate a balloon in which we all blow on the same side and then the air in equal proportions is distributed to assemble the balloon (the balloon would be btcz) without giving him any indication other than to blow.

What I propose is to use the funds to enter the https://changelly.com platform attached to coinomi. In terms of data analysis, the expected result when doing the above would be:

• Make Btcz available to a greater number of people who perhaps didn’t know it existed or didn’t trust current Exchange.
• Greater volume of operations (purchase and sales).
• Increase in prices, perhaps we could grow at a higher percentage than 3 years ago.
• Higher mining profits and increased Hash.

Then once we are in changelly we can advance to enter major Exchange, particularly I prefer Binance and have the btcz-Bnb parity and then we can achieve the goal of converting btcz to fiat currency but without giving the first blow or shake we will never reach the ultimate goal.

I hope you understand my idea, I will leave the message in the original language (Spanish).

I can help in any way I can, I have a team that supports btcz and they want the best for that.

1 Like
#5

Hello Guys here is my thought,

Thinking like this will kill this project …
More rewards ? 12500 btcZ isn’t enough for each blocks ?
More hash for what ? to mine faster ?

Remember the price is very low now when i’m talking the price is 0.000092usd or 0.00000000,9sat
with more than 6,955,172,717 btcZ circulating
Increasing rewards will kill the project slowly

We have to stop wanting to give a second breath by decreasing rewards but leave it like it is .
Time will help this coin to find his way to reach people.

As the community paper says every 3.99 years the Halving is operating.

it would mean in September 2021 we would have 10,500,000,000 btcZ circulating the Half of the full project BTCZ.

Having more coins don’t help with the price, cause half of the persons thinks if the price is low it’s a dead coin.

Here is the calculation of the community paper

a.) Blocks Per Day = Seconds In A 24hr Day / Block Time = 1,440 / 2.5 = 576
b.) Blocks Per Year = Blocks Per Day x Days In Year = 576 x 365 = 210,240
c.) Halving Interval In Years = Halving Block Interval / Blocks Per Year = 840,000 / 210,240 = 3.99

Here is my Calculation Per years with the Community Papers Numbers

a.) Blocks Per Day = Seconds In A 24hr Day / Block Time = 1,440 / 2.5 = 576
b.) Blocks Per Year = Blocks Per Day x Days In Year = 576 x 365 = 210,240

c.) Mined Per Year = Coins Per Day x Days In Year = 7,200,000 x 365 = 2 628 000 000

Halving of 2021

Left to Mine = Max Supply - Coins circulating = 21,000,000,000 - 10,500,000,000 = 10,500,000,000

Halving of 2025
Mined Per Day = Blocks Per Day x rewards = 576 x 6250 = 3,600,000
Mined Per Year = Coins Per Day x Days In Year = 3,600,000 x 365 = 1,314,000,000
Mined = years of Halving x Coins Mined Per Years after 2025 = 3.99 x 1,314,000,000 5,242,860,000
Coins In Circulation = Coins circulating + coins mined untill next Halving = 10,500,000,000 + 5,242,860,000 = 15,742,860,000
Left to Mine = Max Supply - Coins circulating = 21,000,000,000 - 15,742,860,000 = 5,257,140,000

Halving of 2029

Mined Per Day = Blocks Per Day x rewards = 576 x 3125 = 1,800,000
Mined Per Year = Coins Per Day x Days In Year = 1,800,000 x 365 = 657,000,000
Mined = years of Halving x Coins Mined Per Years after 2029 = 3.99 x 657,000,000 2,621,430,000
Coins In Circulation = Coins circulating + coins mined untill next Halving = 15,742,860,000 + 2,621,430,000 = 18,364,290,000
Left to Mine = Max Supply - Coins circulating = 21,000,000,000 - 18,364,290,000 = 2,635,710,000

Halving of 2033

Mined Per Day = Blocks Per Day x rewards = 576 x 1562.5 = 900,000
Mined Per Year = Coins Per Day x Days In Year = 900,000 x 365 = 328,500,000
Mined = years of Halving x Coins Mined Per Years after 2033 = 3.99 x 328,500,000 1,310,715,000
Coins In Circulation = Coins circulating + coins mined untill next Halving = 18,364,290,000 + 1,310,715,000 = 19,675,005,000
Left to Mine = Max Supply - Coins circulating = 21,000,000,000 - 19,675,005,000 = 1,324,995,000

Halving of 2037(1st time below the billion coins mined in 4 years)

Mined Per Day = Blocks Per Day x rewards = 576 x 781.25 = 450,000
Mined Per Year = Coins Per Day x Days In Year = 450,000 x 365 = 164,250,000
Mined = years of Halving x Coins Mined Per Years after 2037 = 3.99 x 164,250,000 655,357,500
Coins In Circulation = Coins circulating + coins mined untill next Halving = 19,675,005,000 + 655,357,500 = 20,330,362,500
Left to Mine = Max Supply - Coins circulating = 21,000,000,000 - 20,330,362,500 = 669,637,500

Halving of 2041

Mined Per Day = Blocks Per Day x rewards = 576 x 390.625 = 225,000
Mined Per Year = Coins Per Day x Days In Year = 225,000 x 365 = 82,125,000
Mined = years of Halving x Coins Mined Per Years after 2041 = 3.99 x 82,125,000 327,678,750
Coins In Circulation = Coins circulating + coins mined untill next Halving = 20,330,362,500 + 327,678,750 = 20,658,041,250
Left to Mine = Max Supply - Coins circulating = 21,000,000,000 - 20,658,041,250 = 341,958,750

Halving of 2045

Mined Per Day = Blocks Per Day x rewards = 576 x 195.3125 = 112,500
Mined Per Year = Coins Per Day x Days In Year = 112,500 x 365 = 41,062,500
Mined = years of Halving x Coins Mined Per Years after 2045 = 3.99 x 41,062,500 163,839,375
Coins In Circulation = Coins circulating + coins mined untill next Halving = 20,658,041,250 + 163,839,375 = 20,821,880,625
Left to Mine = Max Supply - Coins circulating = 21,000,000,000 - 20,821,880,625 = 178,119,375

Halving of 2049

Mined Per Day = Blocks Per Day x rewards = 576 x 97.65625 = 56,250
Mined Per Year = Coins Per Day x Days In Year = 112,500 x 365 = 20,531,250
Mined = years of Halving x Coins Mined Per Years after 2049 = 3.99 x 20,531,250 81,919,687.5
Coins In Circulation = Coins circulating + coins mined untill next Halving = 20,821,880,625 + 81,919,687.5 = 20,903,800,312.5
Left to Mine = Max Supply - Coins circulating = 21,000,000,000 - 20,903,800,312.5 = 96,199,687.5

Halving of 2053

Mined Per Day = Blocks Per Day x rewards = 576 x 48.828125 = 28,125
Mined Per Year = Coins Per Day x Days In Year = 28,125 x 365 = 10,265,625
Mined = years of Halving x Coins Mined Per Years after 2053 = 3.99 x 10,265,625 40,959,843.75
Coins In Circulation = Coins circulating + coins mined untill next Halving = 20,903,800,312.5 + 40,959,843.75 = 20,944,760,156.25
Left to Mine = Max Supply - Coins circulating = 21,000,000,000 - 20,944,760,156.25 = 55,239,843.75

Halving of 2057

Mined Per Day = Blocks Per Day x rewards = 576 x 24.4140625 = 14,062.5
Mined Per Year = Coins Per Day x Days In Year = 14,062.5 x 365 = 5,132,812.5
Mined = years of Halving x Coins Mined Per Years after 2057 = 3.99 x 5,132,812.5 20,479,921.875
Coins In Circulation = Coins circulating + coins mined untill next Halving = 20,944,760,156.25 + 20,479,921.875 = 20,965,240,078.125
Left to Mine = Max Supply - Coins circulating = 21,000,000,000 - 20,965,240,078.12 = 34,759,921.875

Halving of 2061

Mined Per Day = Blocks Per Day x rewards = 576 x 12.20703125 = 7,031.25
Mined Per Year = Coins Per Day x Days In Year = 7,031.25‬ x 365 = 2,566,406.25
Mined = years of Halving x Coins Mined Per Years after 2061 = 3.99 x 2,566,406.25 10,239,960.9375
Coins In Circulation = Coins circulating + coins mined untill next Halving = 20,965,240,078.12 + 10,239,960.9375 = 20,975,480,039.0575
Left to Mine = Max Supply - Coins circulating = 21,000,000,000 - 20,975,480,039.05752 = 24,519,960.9425

Halving of 2065

Mined Per Day = Blocks Per Day x rewards = 576 x 6.103515625 = 3,515.625
Mined Per Year = Coins Per Day x Days In Year = 3,515.625‬ x 365 = 1,283,203.125
Mined = years of Halving x Coins Mined Per Years after 2065 = 3.99 x 1,283,203.125 ‭5,119,980.46875‬
Coins In Circulation = Coins circulating + coins mined untill next Halving = 20,975,480,039.05752 + ‭5,119,980.46875 = ‭20,980,600,019.52627‬
Left to Mine = Max Supply - Coins circulating = 21,000,000,000 - ‭20,980,600,019.52627 = 19,399,980.47373

Halving of 2069

Mined Per Day = Blocks Per Day x rewards = 576 x 3.0517578125 = 1,757.8125
Mined Per Year = Coins Per Day x Days In Year = 1,757.812‬ x 365 = 641,601.5625
Mined = years of Halving x Coins Mined Per Years after 2069 = 3.99 x 1,283,203.125 2,559,990.234375
Coins In Circulation = Coins circulating + coins mined untill next Halving = 20,980,600,019.52627 + ‭2,559,990.234375 = 20,983,160,009.76065
Left to Mine = Max Supply - Coins circulating = 21,000,000,000 - 20,983,160,009.76065 = 16,839,990.239355

Halving of 2073
Coins In Circulation = Coins circulating + coins mined untill next Halving = 20,983,160,009.76065 + ‭1,279,995.1171875 = 20,984,440,004.87784
Left to Mine = Max Supply - Coins circulating = 21,000,000,000 - 20,984,440,004.87784 = ‭15,559,995.1221625‬

Halving of 2077(1st time below the millions coins mined in 4 years)
Coins In Circulation = Coins circulating + coins mined untill next Halving = 20,984,440,004.87784 + 639,997.55859375 = 20,985,080,002.43643
Left to Mine = Max Supply - Coins circulating = 21,000,000,000 - 20,985,080,002.43643 = ‭14,919,997.56356625‬

And i can go on Halving After Halving but i ain’t gonna put it here.
But it lead us to this point the coins is not going to be fully mined in 10 years not even before the year 2100 maybe around 2130 or more.

Some dates to remind
2037 under a billion coins mined
2077 under a million coins mined
2117 under a thousand coins mined

I think the rewards are correctly set and the halvings too.
But maybe the issue Now is the number of coin till the stability of mining and coins circulating.
For me this stability will be reach in 2037 by a mining under a billion coins in 4 years.

All of this to say we only need to finish small details and not worry about the rewards and the Halving the Creator of BtcZ already thought about this.

For me the thing is to keep going on this road keep creating the ecosystem BtcZ
And to keep pushing like we are and it will be fine soon.

Of course all of this will happen if we don’t lose the fight against ASICS so maybe one day if we can’t maybe we should move to a proof of stake (but as i know it’s against the Community Paper) ?

Bruno

3 Likes
#6

This topic should be open for voting.

#7

What is the cost of changelly.com listing? I think we might struggle if it’s couple of BTC…

#8

I do not know the cost but if they all agree I can find out or find out someone who is more on the subject. But I reiterate it seems to me that it is the first good step to take.

#9

Totally agree, if we can afford it.

1 Like
#10

I contacted them by chat Someone as to email them to the team listing manager to get answers
Here is the email: [email protected]

Bruno

2 Likes
#11

Let’s nominate the person during the meeting, unless somebody is eager to do it already on our behalf and share the communication. :wink:

#12

I Think we should vote for the person.
Because if many persons contact them, i don’t want the coin to lose his credibility because of some trolls.

Regards
Bruno

1 Like
#13

It seems to me that a person should be chosen and that it is the one that leads the negotiation. Is right

1 Like
#14

Both of you @brudu92 and @matiman are right.

Let’s raise this matter during our meeting in 2 weeks time. We could then verbalize what would be our expectations for such a Communications Officer/Representative for any collab/co-op/adoption/listing initiatives. After the meeting we can make a post on who are we looking for and volunteers could respond to it and as a community we vote and decide on who would we like to represent our BTCZ Network. This task could also be performed by two people, not to put too much pressure on one person, if they synchronize between themselves.

Mono

2 Likes
#15

Yeah that’s the Idea but the fact to make a Vote.(after some thougths)
We are running out of our road for decentralization.
Cause we vote to Centralize the Name of our Network to someone.

I think we should talk about it during the meeting and find a way to make it look decentralized
Because we trust in it

Bruno

#16

Changelly would be an all around great boost for this coin. I just created an account to the forum, but have been mining BTCZ for sometime. I can say I am impressed with the positive community support, and see a bright future.

2 Likes
#17

How does meeting start time 7-8PM [UTC+2] sound? EU people are not asleep/drunk :wink: yet and US peeps are already awake/hangovered :wink: .

3 Likes
#18

will i have a birthday gift during the E-meeting XD
my birthday is the 25 XD

2 Likes
#19

It depends on how actively will you participate during the meeting! :wink:

1 Like
#20

:rofl::joy:
Yeah i understand no worries about it i’ll be there .

2 Likes
#21

Let’s fix the actual time, how about
2PM [EDT] New York
7PM [UTC+1] London
8PM [UTC+2] Berlin/Rome/Paris/Ljubljana/Warsaw
9PM [UTC+3] Athens

Sounds OK?

  • YES
  • NO

0 voters

5 Likes
#22

Hello, on which platform are you going to hold the videoconference, and for the Lima area, Bogota, what time is it?

1 Like
#23

Hey @csrol . We will have it on zoom as soon as @Marcelus sets it up we will spread the invitation link.
I trust for Lima/Bogota it will be 1 PM since you guys are UTC-5.

1 Like