ERC223 token (PHX) can now be mined with new method. Proof of volatility.
>what? The supply of PHX tokens is tied directly to the Ethereum balance of the smart contract underpinning the 'EthPhoenix' decentralized application and mined using a novel, generalisable technique we refer to as proof-of-volatility.
>volatility of what? By owning stake in ethphonix (holding EPX tokens), you are able to mine a PHX tokens. An algorithm dictates proportional token generation according to the stake held in ethphoenix.io (proof-of-volatility). As one user put it, "it's like PoS, but instead of voting on blocks, it's more like a delegated stake - the new contract issues the new tokens based on your holding your EPX."
Ethphoenix (EPX) is designed to reward iron hands. By holding EPX you collect dividends from other token holders buying and selling. 10% of every transaction goes to the community pot then distributed accordingly based on stake. The more coins you have, the bigger the cut. The number one token holder now bought at the all time high with 50ETH and accumulated over 25+ eth from holding those tokens and not selling. Its only been 2 months.
Send PHX to the contract, you either double your PHX or lose it. No house edge.
Isaiah Cooper
pyrebirds.com
basic gambling dApps in the works for fun too. ethphoenix.io/hell/#/ - etherhell clone which uses PHX tokens and PHX are ERC20 so you'll be able to trade them on an exchange. Limitless options really.
without house edge how will there be enough if the house starts to lose?
Carter Johnson
set and forget. Only need to tend to it once every 24 hours. One click mining
Chase Miller
>pyrebirds.com
Is there any info this? That egg looks nice but I'm gonna need some more details. Bookmarked though because I know the only way to make money on collectibles is to be first
Robert Richardson
Won't be a collectible game as such.
We're writing up a formal game specification to be voted on by the PHX developer team, after which we'll post it publicly as part of a roadmap.
Kevin Watson
>.82 PHX Norse just gave me 5 PHX for mining the bad contract.
Jayden Robinson
So..if volatility is the goal, what would make the market as volatile as possible? How about a crypto futures market?
>pyrmex.com
Thats right, these madmen also created the first crypto futures Dapp with pots that have exceeded 5.0 eth. Futures are everyday so daily volatility is promised as users attempt to swing the market in their favor. Your betting on people to be greedy and dont think i could have made this much eth with anything else during this bear market. Ethphoenix is in its own ecosystem feeding itself like a perpetual block chain machine. Get on the ride that never ends
Christopher Gonzalez
Aye - in the interests of full disclosure, the original PHX contract wasn't falling back to ERC20 transfer correctly in the event that a receiving contract wasn't ERC223 compliant (as we found when we tried making a test deposit onto ForkDelta).
We've relaunched, and everyone who had submitted a mine on the prior contract is due a 5 PHX airdrop.
Brayden King
>Your betting on people to be greedy
Okay this is a little more interesting, sounds like betting on bitconnect
Anthony Reyes
Is this the new ethpyramid?
Joshua Perry
Ethpyrmaid.io and ethphoenix.io are on the same smart contract, just different front ends.
Kevin Morgan
EthPhoenix == EthPyramid.
Different front-ends, same back-end contract.
Just lipstick on a pig because of the aversion to the P-word. ;) Same warnings about it being a terrifically bad idea are present, though!
Evan Williams
>but it's actually totally a good idea
Luis Watson
I will neither confirm nor deny the sanity of this entire project.
I'll mention that I'm a manic depressive and leave it at that. ;)
Easton Robinson
are you manic or depressive right now?
Nathan Ross
The latter, unfortunately. I spit work out at a disgusting rate when it's the former.
Adrian Ramirez
night bread bump
Nicholas Thompson
Well shit. :(
Connor Baker
pump
Hudson Cox
I hope you've got a lot of serious long-time gamers on your dev team. Your Pyrebirds could really be something special for your group, or just another crap dapp like so many others are. I mean they really suck bad. Coding skill and game design aren't very related. Test with others besides dev's before settling on features. Speaking from experience. Good luck with it, everyone would love to see a 'killer dapp'.
Joseph Lewis
We do, and we intend to test into the ground. We all know how fucking awful most of the current Dapps are. Not falling into the same trap. :)
Lucas Harris
i'm so hard for pyrebirds
Alexander Fisher
Just as a heads up - the airdrop is now complete. Anyone who had submitted a mine transaction will now have 5 PHX under the new token address, which is:
