Topic: [*] 8BIT [Dark Masternodes][Anon][Roadmap Stage 4] - page 169. (Read 379550 times)

I put it there too..Just making a point...Sorry...

You are not ignored. There's a voting proposal thread, if you want to change something share your proposal there. If you want increase PoS reward while leaving current MN reward your proposal would be 1.3 / 0.88. You can also reduce inflation, increase PoS reward and reduce MN reward, eg. 1.0 / 0.5 (50% MN 50% PoS). You are free to choose. You have to publish your proposal to let people consider it during voting. So if you believe in what you say you know what to do.  Then, you can continue convincing people to your suggestion. OTHERWISE you WILL be ignored. I am not rude, those rules let us proceed without spending next five months on talking about masternode costs/rewards and so on. Please publish your proposal.

---

My quick newbie perspective on staking and MNs.

It has only been a few months since I decided to stop ignoring crypto currencies. I've made and will continue to make newbie mistakes... (If anyone is offering an apprenticeship, please let me know).

One currency that caught my newbie eye was CLAMS. Fred Flintstone cartoon stuff right? At that time I had really no understanding of staking. Well after visiting a popular CLAMS dice game site, I was shocked to see broadcast into the chat every CLAM they staked and the total. I though to myself something like:  "How can I ever obtain enough CLAMS to stake like they do?" Answer: I could not. I had no way to be involved other than buy a large amount to obtain a reasonable return. From my perspective a "whale staker" is more wolfish.

With running a MN I can be more involved. I get to setup a VPS, learn new operating systems, yell curse words when I get an error but then get satisfaction when I finally get it to work. MN involvement brings me closer to the coin.

-soco

OK, cut them both by the same is ok with me too. I will not put up another masternode. I am the one thats getting all the staking. I am actually hurting myself. I will not stop staking(I have been staking for a month)...I just think im getting too much. Now that is not greed on my part....Just want to slowly increase price that way we get new investors...

Yup its all greed and i'm almost done with my popcorn. ^^100% agree

Guys, don't forget that staking wallets are moving network!! As far as I can see, most people here want to cut rewards from staking wallets and keep the reward for their masternodes. It is understandable, as most people on this thread are masternode owners, and all they want is to increase their share. That's a simple greed though, nothing else (the decision to drastically increase the MN price is also dictated by greed, but I will refrain from commenting on that).

But if you cut the rewards for staking wallets, everyone will stop staking and try to convert their wallets to masternodes (or just sell their coins and get out). Thus the number of staking wallets will strongly decrease, which is bad for the network. Masternodes do not generate blocks, stakers are needed probably even more than masternodes, so we should make sure it is profitable to stake!

I may be mistaken, but please show me why staker's profit should be cut more than masternode's profit... From my point of view all those steps (increasing masternode price and cutting the reward for stakers) have just one goal - to force the smaller players out, and to concentrate profits in fewer hands of big players (the ones who post in this thread). I am not sure this will be good for the coin though, as it is narrowing down the potential 'audience'. Imagine the market where only 10-15 whales are trading with each other . I suppose it will be almost dead and driven by bots - actually just like 8BIT market prior to this takeover, with just some sudden big dumps happening from time to time.

Just my 2 cents   Everybody is free to ignore. As I told once already, I have sold the most of my mined coins on early stage (when they were worth something), so my current share in this coin is not that big, thus I can easily keep silence. But I think if things will progress in this direction, a lot of small players (including me) will leave this ship regardless of this miraculous takeover, and the fact that this coin has really bright and active community (one of the best ones I have seen, and actually this community is the only reason I am still reading this thread and still have some share in this coin).

Why would you want to drop 50%? As long as this discussion has been going on the price has been on a steady incline. This shows that it is nothing but a non-disussion. But for the sake of harmony within the community it might be good to change the numbers.

the most frequent proposal that comes up is:
BLOCK VALUE: 1.00
MN REWARD: 0.80

Let's consider
20% reduction on total coin supply. With the balance shifting more toward mn. This means that mn will be even more profitable. Good for all mn investors, especially the ones that have acquired quite a bit right now... which is ok.

The remedy on top of an already steady price incline could proof to be an accelerator, while an even greater portion of distribution goes to mn holders. We will still have high inflation during the coming months because of the linear solution to a non-linear problem. 20% reduction imo is not the end of the world when considering total coin supply & the shift in balance, 50% is a hard cut though.

Ok if we raise the price of masternodes to 888 would that reduce payout..I think thats a NO. It would only make it so we dont need so many masternodes. How can we drop payouts  50% on pos and masternodes while raising the price of masternodes? The masternodes would be profitable because there would be fewer. I think this would  hurt pos payouts the most. And im ok with that....Any thoughts....

little typo with the adres i think www2? without 2 it works for me

We have to figure out and show current wealth distribution. Fair distribution has to be proven.

• Rich List - how rich are owners of TOP 100 (do we need more? tell me) addresses?
  http://explorer.8-bit.party/richlist
  
• Distribution - how total coin supply looks compared to top10, top20... top 100 addresses, funds frozen for masternodes, Bittrex exchange orderbook and top50 accounts?
  http://www2.8-bit.party/#distribution
• Masternode Profitability Calculator - how much masternode operators earn, is it profitable to fund one, what is ROI here?
  http://www2.8-bit.party/#profitability_calculator

---

DEADLINE FOR ALL TASKS: 2015-07-03 UTC
MET

We have already agreed that most important thing is making masternode price much higher. Big reduction of masternode rewards would reduce inflation but also discourage new investors to buy masternode since they will be much less profitable.

Today I will release 8BIT Masternode Profitability Calculator, so it's obvious we wanna promote MNs as profitable, long-termin investment.

I guess we all here are pretty sure that price will be MUCH higher but at this moment it's extremely low so we have to work with current rates not future ones. Finally, when price will sky rocket also number of MNs will sky rocket so noone will take unearned advantage from "high" masternode reward. It was very high when there were 30 masternodes (0.03 8BIT per node), high when there were 60 masternodes (0.015 8BIT per node), now it's pretty balanced with 270 masternodes online (0.003 8BIT per node). And it will be extremely low 900 masternodes online (0.0009 8BIT per node), but 8BIT/BTC will compensate everything. And 2000 masternodes (0.0004 per node),  and so on. We always have to consider number of nodes and reward per node, not total reward which does not say much as it does not go to one whale.

For those who are saying now, man 2000 masternodes, are you crazy? Look how many MNs DASH has. DASH is mature, well established coin? Yes, but look how expensive MN is and realize they have PoW inflation! DASH is DASH, you are not convinced? Look at HORIZON, their coin supply and number of hallmark nodes. Thousands.

My plans for this coin require as many MNs as possible, but they have to be reliable so they can't be cheap to make sure their operators will care if they are online or not.

Voting soon. Future is bright anyhow!

if i scoll in the voting this comes up

BLOCK VALUE: 1.00
MN REWARD: 0.80

most  people here talk about inflation how is this gonna stop that? makes me laugh

also this is minor change, so much talk makes me laugh.

only ones that get hurt are the ones staking..

from my point everything is good as it is anyway..  

edit: i agree 888 for price!

What do you mean?

i really wonder what the math is behind the new payouts! because its hilarious I almost cry from pain