[*] 8BIT [Dark Masternodes][Anon][Roadmap Stage 4] - page 166.

8-bit-Party

legendary

Activity: 1036

Merit: 1000

8b 16b DEMOSCENE FTW

Quote from: blackyblack on July 08, 2015, 03:30:17 PM

Talking about "making investors happy" and ROI in 30 days is actually talking about ponzi scheme. You do not need to attract "investors" with fantastic ROI numbers since these numbers without real value behind coin will lead to dumping coins at the newcomers.

ROI in 30 days is false since number of masternodes grows everyday. Everyone knows it, no matter if it's BTC minning or running masternode. It's just a matter of something looking better than other offers on the market.
Also I believe that PROFIT is much better for both sides here. You can tweak ROI without touching PROFIT.
Finally, one of current problems is lack of cheap coins on the market. With most popular masternode price proposal (888) 4 new investors each buying one masternode would make price skyrocket (+400%). How you wanna convince them to invest without nice numbers? This is part of marketing! More investors means we are more popular since people spread the word. If someone will dump his masternodes quickly... GREAT! Cheap coins!
Most of my coins I bought with average price over 100K satoshis. Many investors here would be happy to see epic big dumps as they will let us reduce average buy price. Lower average buy means you are not nervous on the market, you make better decisions. Finally you can focus on coin development / promotion since you know this-day-price is no longer matters.
Long term coin value is tech/market innovation/adoption and marketing.
We can't build first one within two weeks. But we can start marketing now.

skidog

legendary

Activity: 1393

Merit: 1001

Quote from: blackyblack on July 08, 2015, 03:30:17 PM

Talking about "making investors happy" and ROI in 30 days is actually talking about ponzi scheme. You do not need to attract "investors" with fantastic ROI numbers since these numbers without real value behind coin will lead to dumping coins at the newcomers.
High inflation phase is good to provide liquidity but investors should be attracted by tech and market not false ROI numbers.

I think the easiest way to get new investors is to make it easy to set up masternodes. If its easy, people will buy. Make it so a percentage of the profits gets reinvested into new tech. This would benefit old and new investors. Not sure how this could be done while securing coins at the same time. Any thoughts?

blackyblack

sr. member

Activity: 377

Merit: 250

Talking about "making investors happy" and ROI in 30 days is actually talking about ponzi scheme. You do not need to attract "investors" with fantastic ROI numbers since these numbers without real value behind coin will lead to dumping coins at the newcomers.
High inflation phase is good to provide liquidity but investors should be attracted by tech and market not false ROI numbers.

8-bit-Party

legendary

Activity: 1036

Merit: 1000

8b 16b DEMOSCENE FTW

Think how it look from newcomer side. Hey, they minted so many coins with 30-days ROI, now they change rules so my ROI is 90-days.
Making both early adopters and new investors happy is very difficult task. One would say, hey, look at bitcoin, early adopters are always preferred. But let's face the truth, without new investors, early adopters' goods are worth nothing.

Also for all those who have coins now and do not run masternode I always advise to get your coins away from exchange, move them to wallet and start staking or run masternode. If you don't know how to run masternode or you do not have resources for it find someone without coins but with know-how and resources to make co-op.

No, I don't have perfect solution nor I think it exists. Just keep in mind that there are always two sides of the same coin.

IDEA: HOW TO GET ROI LATER (NO CASHOUT WITHIN 30 DAYS) WITH KEEPING MASTERNODE PROFITABLE (BUY PRESSURE)?
MASTERNODE COST: 1000 8BIT, ROI 30 DAYS
MASTERNODE COST: 3000 8BIT, ROI 90 DAYS
AS SIMPLE AS THAT

blackyblack

sr. member

Activity: 377

Merit: 250

Inflation numbers do not look right. They should be at 70% range. 30 days ROI for MN does not look healthy. MN operators will be having free coins after 1 month and will be able to sell at any price therefore moving price towards zero and own ROI to the more reasonable values.

niki25

legendary

Activity: 1036

Merit: 1000

Nice to see the numbers printed 8-bit-party. Well in my opinion it will create some buying pressure in the short run maybe, there will also be people who doesnt want to stake and give it selling on the market, so not sure of the real effect on short run.
However on the long run, if services will be delivered through mn, having a stable and strong network will be better for it.

8-bit-Party

legendary

Activity: 1036

Merit: 1000

8b 16b DEMOSCENE FTW

For those who wonder how voting proposals will affect coin economy, masternodes profitability and network:

Code:

+---+-------+---------+---------+------+--------------+-------------+------------+------+------------+
| ? |MN COST| BLK VAL | MN RWRD | MN # |  BTC INVEST. |  8BIT DAILY |  BTC DAILY |  ROI |  INFLATION |
+---+-------+---------+---------+------+--------------+-------------+------------+------+------------+
| - |   112 |  1.2000 |  0.8800 |  312 |   0.02912000 |   3.80769231|  0.00099000|  29d | +   0.00 % |
| A |   888 |  1.0000 |  0.8000 |   39 |   0.23088000 |  27.44505495|  0.00713571|  32d | -  16.67 % |
| B |   888 |  1.2000 |  0.8800 |   39 |   0.23088000 |  30.18956044|  0.00784929|  29d | +   0.00 % |
| C |   888 |  0.8000 |  0.6000 |   39 |   0.23088000 |  20.58379121|  0.00535179|  43d | -  33.33 % |
| D |  1024 |  1.0000 |  0.8000 |   34 |   0.26624000 |  31.64835165|  0.00822857|  32d | -  16.67 % |
| E |   512 |  1.2000 |  0.8800 |   68 |   0.13312000 |  17.40659341|  0.00452571|  29d | +   0.00 % |
| F |   888 |  1.2080 |  0.8880 |   39 |   0.23088000 |  30.46401099|  0.00792064|  29d | +   0.66 % |
| G |  1000 |  1.0000 |  0.1000 |   34 |   0.26000000 |   3.86332418|  0.00100446| 258d | -  16.67 % |
| H |   888 |  0.8880 |  0.4840 |   39 |   0.23088000 |  16.60425824|  0.00431711|  53d | -  26.00 % |
+---+-------+---------+---------+------+--------------+-------------+------------+------+------------+

As you can see things get complicated. First of all number of masternodes will be reduced 10 times. At this moment we jumped over CRAVE, after fork we will land far far away.

How those values look compared to CRAVE anyway?

Code:

Masternode cost 5000 CRAVE
BTC INVESTMENT 0.40337
Masternodes # 221
Estimated CRAVE per day 	2.82269082269082
Estimated BTC per day 	0.00211701811701812
ROI 177d

So, according to average proposal, their masternode is two times more expensive and you have to wait for ROI five times longer.

Okay, now lets look how our proposals simulation table would look if it had been published a week ago. Let's assume 8BIT/RATE is fixed since it does not changed that much.

Code:

+---+-------+---------+---------+------+--------------+-------------+------------+------+------------+
| ? |MN COST| BLK VAL | MN RWRD | MN # |  BTC INVEST. |  8BIT DAILY |  BTC DAILY |  ROI |  INFLATION |
+---+-------+---------+---------+------+--------------+-------------+------------+------+------------+
| - |   112 |  1.2000 |  0.8800 |  265 |   0.02912000 |   4.48301887|  0.00116558|  24d | +   0.00 % |
| A |   888 |  1.0000 |  0.8000 |   33 |   0.23088000 |  32.31266846|  0.00840129|  27d | -  16.67 % |
| B |   888 |  1.2000 |  0.8800 |   33 |   0.23088000 |  35.54393531|  0.00924142|  24d | +   0.00 % |
| C |   888 |  0.8000 |  0.6000 |   33 |   0.23088000 |  24.23450135|  0.00630097|  36d | -  33.33 % |
| D |  1024 |  1.0000 |  0.8000 |   28 |   0.26624000 |  37.26145553|  0.00968798|  27d | -  16.67 % |
| E |   512 |  1.2000 |  0.8800 |   57 |   0.13312000 |  20.49380054|  0.00532839|  24d | +   0.00 % |
| F |   888 |  1.2080 |  0.8880 |   33 |   0.23088000 |  35.86706199|  0.00932544|  24d | +   0.66 % |
| G |  1000 |  1.0000 |  0.1000 |   29 |   0.26000000 |   4.54851752|  0.00118261| 219d | -  16.67 % |
| H |   888 |  0.8880 |  0.4840 |   33 |   0.23088000 |  19.54916442|  0.00508278|  45d | -  26.00 % |
+---+-------+---------+---------+------+--------------+-------------+------------+------+------------+

Oh, we were so profitable that day... what about 3 weeks ago?

Code:

+---+-------+---------+---------+------+--------------+-------------+------------+------+------------+
| ? |MN COST| BLK VAL | MN RWRD | MN # |  BTC INVEST. |  8BIT DAILY |  BTC DAILY |  ROI |  INFLATION |
+---+-------+---------+---------+------+--------------+-------------+------------+------+------------+
| - |   112 |  1.2000 |  0.8800 |  188 |   0.02912000 |   6.31914894|  0.00164298|  17d | +   0.00 % |
| A |   888 |  1.0000 |  0.8000 |   23 |   0.23088000 |  45.54711246|  0.01184225|  19d | -  16.67 % |
| B |   888 |  1.2000 |  0.8800 |   23 |   0.23088000 |  50.10182371|  0.01302647|  17d | +   0.00 % |
| C |   888 |  0.8000 |  0.6000 |   23 |   0.23088000 |  34.16033435|  0.00888169|  25d | -  33.33 % |
| D |  1024 |  1.0000 |  0.8000 |   20 |   0.26624000 |  52.52279635|  0.01365593|  19d | -  16.67 % |
| E |   512 |  1.2000 |  0.8800 |   41 |   0.13312000 |  28.88753799|  0.00751076|  17d | +   0.00 % |
| F |   888 |  1.2080 |  0.8880 |   23 |   0.23088000 |  50.55729483|  0.01314490|  17d | +   0.66 % |
| G |  1000 |  1.0000 |  0.1000 |   21 |   0.26000000 |   6.41147416|  0.00166698| 155d | -  16.67 % |
| H |   888 |  0.8880 |  0.4840 |   23 |   0.23088000 |  27.55600304|  0.00716456|  32d | -  26.00 % |
+---+-------+---------+---------+------+--------------+-------------+------------+------+------------+

So awesome we was... now since we see dynamic of number of masternodes growth we can try too look how it would look three weeks later, at the end of July:

Code:

+---+-------+---------+---------+------+--------------+-------------+------------+------+------------+
| ? |MN COST| BLK VAL | MN RWRD | MN # |  BTC INVEST. |  8BIT DAILY |  BTC DAILY |  ROI |  INFLATION |
+---+-------+---------+---------+------+--------------+-------------+------------+------+------------+
| - |   112 |  1.2000 |  0.8800 |  469 |   0.02912000 |   2.53304904|  0.00065859|  44d | +   0.00 % |
| A |   888 |  1.0000 |  0.8000 |   59 |   0.23088000 |  18.25769114|  0.00474700|  48d | -  16.67 % |
| B |   888 |  1.2000 |  0.8800 |   59 |   0.23088000 |  20.08346025|  0.00522170|  44d | +   0.00 % |
| C |   888 |  0.8000 |  0.6000 |   59 |   0.23088000 |  13.69326835|  0.00356025|  64d | -  33.33 % |
| D |  1024 |  1.0000 |  0.8000 |   51 |   0.26624000 |  21.05391410|  0.00547402|  48d | -  16.67 % |
| E |   512 |  1.2000 |  0.8800 |  102 |   0.13312000 |  11.57965276|  0.00301071|  44d | +   0.00 % |
| F |   888 |  1.2080 |  0.8880 |   59 |   0.23088000 |  20.26603716|  0.00526917|  43d | +   0.66 % |
| G |  1000 |  1.0000 |  0.1000 |   52 |   0.26000000 |   2.57005787|  0.00066822| 389d | -  16.67 % |
| H |   888 |  0.8880 |  0.4840 |   59 |   0.23088000 |  11.04590314|  0.00287193|  80d | -  26.00 % |
+---+-------+---------+---------+------+--------------+-------------+------------+------+------------+

As you can see ROI grown rapidly. So everyday ROI calculator will show that masternode is less and profitable. So attract investors we have to start from a lower bound. Sure, 8BIT/BTC can also grow a lot but it's not something I can predict for next week or month. However, number of masternodes is easy to guess. So I base on this factor only.

Why masternodes are so important? First, they are integrla part of future of this coin. Services will be served by masternodes so big and reliable network is absolutely must-have thing. Second, expensive masternodes create natural buy pressure.

What do you think?

8-bit-Party

legendary

Activity: 1036

Merit: 1000

8b 16b DEMOSCENE FTW

The rich list works like a charm. I can't help you without more details.

dbt1033

legendary

Activity: 1274

Merit: 1000

The rich list isn't functioning properly on the block explorer. My balance isn't even showing.

8-bit-Party

legendary

Activity: 1036

Merit: 1000

8b 16b DEMOSCENE FTW

Quote from: ?? on ??

Casted the vote on the poll. How many time will it be open?
Thanks

If nothing weird will happen poll will be closed on Sat, 6PM UTC like announced yesterday.

8-bit-Party

legendary

Activity: 1036

Merit: 1000

8b 16b DEMOSCENE FTW

Quote from: 8-bit-Party on July 07, 2015, 03:27:15 AM

After yet another consideration, mangling pros and cons I decided to back to classic poll voting and picking your proposals as-is. Therefore we have:

Code:

MASTERNODE COST     BLOCK VALUE    MASTERNODE REWARD   COUNT
        888.000           1.000                0.800       6
        888.000           1.200                0.880       2
        888.000           0.800                0.600       1
       1024.000           1.000                0.800       1
        512.000           1.200                0.880       1
        888.000           1.208                0.888       1
       1000.000           1.000                0.100       1
        888.000           0.888                0.484       1

Each line represents voting option.

Voting will start within one hour. Poll will be closed on Saturday (Jul 11) @ 6 PM UTC. Each user has one vote, decision can be changed while poll is open. Enjoy and vote!

https://bitcointalksearch.org/topic/8bitmaternode-cost-and-block-rewardsproposals-collectedvoting-over-1104296

I see that folks from other communities come here and vote. All votes has to be also posted in thread (just like those Newbie accounts). Sorry for that but I am afraid our poll is manipulated. So let's see who vote to check it. If you already voted - post your vote in thread too. Votes without it will be ignored.

This is not a thing to discuss nor blame. FUD, flame, comments, putting the cat among the pigeons will be IGNORED. Thanks!

skidog

legendary

Activity: 1393

Merit: 1001

Quote from: skidog on July 07, 2015, 12:05:21 PM

Quote from: 8-bit-Party on July 07, 2015, 03:27:15 AM

After yet another consideration, mangling pros and cons I decided to back to classic poll voting and picking your proposals as-is. Therefore we have:

Code:

MASTERNODE COST     BLOCK VALUE    MASTERNODE REWARD   COUNT
        888.000           1.000                0.800       6
        888.000           1.200                0.880       2
        888.000           0.800                0.600       1
       1024.000           1.000                0.800       1
        512.000           1.200                0.880       1
        888.000           1.208                0.888       1
       1000.000           1.000                0.100       1
        888.000           0.888                0.484       1

Each line represents voting option.

Voting will start within one hour. Poll will be closed on Saturday (Jul 11) @ 6 PM UTC. Each user has one vote, decision can be changed while poll is open. Enjoy and vote!

https://bitcointalksearch.org/topic/8bitmaternode-cost-and-block-rewardsproposals-collectedvoting-over-1104296

Dont forget to vote...

voting page...

skidog

legendary

Activity: 1393

Merit: 1001

Quote from: ?? on ??

I'm totally new to this society, but I started several nodes. However I made a transaction, only this transaction is still not confirmed after several days. My wallets amount is around the 1.76 8bit and via this link (http://www.8-bit.party/BALANCE-) my balance is 114. So what do I have to do.
Thanks in advance

In the wallet: go to settings click options... in the main: add the transaction fee should be .001...if it says 0 you will need to wait 5 days to get it back....Make sure you put in the fee next time you send out coins....Hope that helps.

8-bit-Party

legendary

Activity: 1036

Merit: 1000

8b 16b DEMOSCENE FTW

8-bit-Party

legendary

Activity: 1036

Merit: 1000

8b 16b DEMOSCENE FTW

Gimme address or TXID or at least TX parameters (in/out amounts or tx size in kB). Or wait up to 5 days. Then ask again.
Fee is required, tx without it will stuck with 0 confirmations. I know many altcoins accept no-fee txs, this one does not.

EDIT: To Whom It May Concern - like I predicted it was txfee issue. Fee was too small. No bugs in blockchain nor wallet.

skidog

legendary

Activity: 1393

Merit: 1001

Quote from: 8-bit-Party on July 07, 2015, 03:27:15 AM

After yet another consideration, mangling pros and cons I decided to back to classic poll voting and picking your proposals as-is. Therefore we have:

Code:

MASTERNODE COST     BLOCK VALUE    MASTERNODE REWARD   COUNT
        888.000           1.000                0.800       6
        888.000           1.200                0.880       2
        888.000           0.800                0.600       1
       1024.000           1.000                0.800       1
        512.000           1.200                0.880       1
        888.000           1.208                0.888       1
       1000.000           1.000                0.100       1
        888.000           0.888                0.484       1

Each line represents voting option.

Voting will start within one hour. Poll will be closed on Saturday (Jul 11) @ 6 PM UTC. Each user has one vote, decision can be changed while poll is open. Enjoy and vote!

https://bitcointalksearch.org/topic/8bitmaternode-cost-and-block-rewardsproposals-collectedvoting-over-1104296

Dont forget to vote...

niki25

legendary

Activity: 1036

Merit: 1000

Quote from: chinook on July 07, 2015, 07:42:43 AM

dev not active?

Original dev left long time ago. This coin now is going to be takeover as a community. But no official dev atm.
8-bit-party is the one doing the things needed at moment

chinook

member

Activity: 92

Merit: 10

dev not active?

skidog

legendary

Activity: 1393

Merit: 1001

Quote from: niki25 on July 07, 2015, 06:59:18 AM

Quote from: 8-bit-Party on July 06, 2015, 01:51:34 PM

STEP 2

level 5

RESTORE OR CREATE MISSING INFRASTRUCTURE

Faucets are still very popular among crypto community. Who of us never tried a single one? However, captcha box plus dozens of ads is not something worth attention. Our (quasi official) faucets should bring something new and be related with 8-bit spirit. So I found out that best thing will be faucet paying for gathered points in 8-bit based game.

Tetris? Arkanoid? Pong? Rapid, addicting action.

This is very basic, very early preliminary to THE BIG THING. INSERT COIN, remember? Let's back to faucets.

So, I see this as faucet with free, nice html5 game
http://www.twitchtetris.com/
http://pong-canvas.googlecode.com/files/pong_canvas.html
... and dozens of others
WARNING! VERY ADDICTIVE FOR OLDSHOOL PLAYERS

When player collects required amount of points (s)he gets a form with captcha and her or his 8BIT address, nothing fancy. No ads, just 8BIT everywhere. I pay for server, domain, maintenance, community fills faucet. I offer 150 8BIT as my initial faucet fill.

Who will write code? Yes, I can do that. But like it was already agreed I am here not take over this coin, I am here to support community takeover as much as can (honestly, immodestly, I can do a lot). So I would be happy to see someone saying now OK I WILL DO IT. Or at least, OK I will help with GFX, I will help create a layout. We are not in hurry with it, so just consider it and let me now. If noone volunteer, it will be not the end of the world - I will do it. But wont it be cool to claim - hey I did something cool here? Think about it.

I would like to help you eith it, but i wont be able to do it Sad

. I hope we get some capable members to helpt with it.
At the end as a community coin, we need some developers to come here and understand how this want to be done

Would love to help fill it up with coins...

niki25

legendary

Activity: 1036

Merit: 1000

Quote from: 8-bit-Party on July 06, 2015, 01:51:34 PM

STEP 2

level 5

RESTORE OR CREATE MISSING INFRASTRUCTURE

Faucets are still very popular among crypto community. Who of us never tried a single one? However, captcha box plus dozens of ads is not something worth attention. Our (quasi official) faucets should bring something new and be related with 8-bit spirit. So I found out that best thing will be faucet paying for gathered points in 8-bit based game.

Tetris? Arkanoid? Pong? Rapid, addicting action.

This is very basic, very early preliminary to THE BIG THING. INSERT COIN, remember? Let's back to faucets.

So, I see this as faucet with free, nice html5 game
http://www.twitchtetris.com/
http://pong-canvas.googlecode.com/files/pong_canvas.html
... and dozens of others
WARNING! VERY ADDICTIVE FOR OLDSHOOL PLAYERS

When player collects required amount of points (s)he gets a form with captcha and her or his 8BIT address, nothing fancy. No ads, just 8BIT everywhere. I pay for server, domain, maintenance, community fills faucet. I offer 150 8BIT as my initial faucet fill.

Who will write code? Yes, I can do that. But like it was already agreed I am here not take over this coin, I am here to support community takeover as much as can (honestly, immodestly, I can do a lot). So I would be happy to see someone saying now OK I WILL DO IT. Or at least, OK I will help with GFX, I will help create a layout. We are not in hurry with it, so just consider it and let me now. If noone volunteer, it will be not the end of the world - I will do it. But wont it be cool to claim - hey I did something cool here? Think about it.

I would like to help you eith it, but i wont be able to do it Sad

. I hope we get some capable members to helpt with it.
At the end as a community coin, we need some developers to come here and understand how this want to be done

Topic: [*] 8BIT [Dark Masternodes][Anon][Roadmap Stage 4] - page 166. (Read 379550 times)