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Show HN: RandomCoin – A cryptocurrency that changes its price every second

eugenekudashev.com

21–30 of 33 posts

Re: Show HN: RandomCoin – A cryptocurrency that changes its price every second

#22

allow users to save their holdings to a "wallet". then ability to sell/transfer coins and we have ourselves a working crypto note. how about a total supply so limit number of coins in circulation and a coin burn mechanism to reduce supply slowly, maybe with each transaction, transfer

omg yes. adding this to my list of ideas: https://eugenekudashev.com/randomcoin/ideas.txt

Re: Show HN: RandomCoin – A cryptocurrency that changes its price every second

#23

allow users to save their holdings to a "wallet". then ability to sell/transfer coins and we have ourselves a working crypto note. how about a total supply so limit number of coins in circulation and a coin burn mechanism to reduce supply slowly, maybe with each transaction, transfer

omg yes. adding this to my list of ideas: https://eugenekudashev.com/randomcoin/ideas.txt

this is interesting because "mining" these random coins by buying low and selling high is same as "calculating prime numbers" that go into bitcoin so we are doing something similar to that here. this looks like a fun experiment

Re: Show HN: RandomCoin – A cryptocurrency that changes its price every second

#25

Add shorting on margin, borrowing against other users that currently hold Rand and being force liquidated if the other users sell Make this a disaster lol

Also hook it up to the Twitter api and multiply any price movements by 5 for 2 hours after an Elon tweet.

Re: Show HN: RandomCoin – A cryptocurrency that changes its price every second

#26
post #14

Related story: I was almost kicked out of a fintech interview in the late 1980's, when I mentioned that there was room to question Black-Sholes. I was thinking of an article I had read about "variance noise" in a scientific publication. VIX is now a how many billion dollar industry? (Not that that defeats Black-Sholes.)

Did you predict LTCM would blow up?

Re: Show HN: RandomCoin – A cryptocurrency that changes its price every second

#27
Wrote a bot for it, very constructive experience.

Something that I didn't expect is that is not that easy as "buy low" and "sell high". I had to cap the buying price for the bot to make money at all, else the "bought at" will get so high, that you won't have a chance to buy much.

    let bougthAt = 0;

    let fn = { click: () => {} };
    let buy = document.querySelector("#buy");
    let sell = document.querySelector("#sell");

    (function work() {

      let founds = +document.querySelector("#funds-fiat").innerText;
      let coins = +document.querySelector("#funds-coin").innerText;
      let price = +document.querySelector("#price").innerText;

      if (founds > price && price  bougthAt && coins > 0) {
        fn = sell;
        console.log("sellingAt", price);
      }
      fn.click();
      requestAnimationFrame(work);
    })();

Re: Show HN: RandomCoin – A cryptocurrency that changes its price every second

#28
post #27

Wrote a bot for it, very constructive experience. Something that I didn't expect is that is not that easy as "buy low" and "sell high". I had to cap the buying price for the bot to make money at all, else the "bought at" will get so high, that you won't have a chance to buy much. let bougthAt = 0; let fn = { click: () => {} }; let buy = document.querySelector("#buy"); let sell = document.querySelector("#sell"); (func…

are you not "mining" at this point?

Re: Show HN: RandomCoin – A cryptocurrency that changes its price every second

#29
post #27

Wrote a bot for it, very constructive experience. Something that I didn't expect is that is not that easy as "buy low" and "sell high". I had to cap the buying price for the bot to make money at all, else the "bought at" will get so high, that you won't have a chance to buy much. let bougthAt = 0; let fn = { click: () => {} }; let buy = document.querySelector("#buy"); let sell = document.querySelector("#sell"); (func…

also, why not set the buy to a "below 2000" and sell at "above 7000". ?
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