Topic: [ANN] [CHC] Chaincoin - Network Upgrade 16.1 - SegWit Activated - page 75. (Read 321725 times)

So is the developer active on chaincoin???

Each can make their own way for example look at CRW. CRW was launched back in 2014 and was 'dead' but not broken like CHC. So the block chain moved along and then in 2015/2016 it got taken over and look where it is now. CRW in the top three Master Node coin. DASH, CRW and PIVX would be the top three master node coins. As other community member posted 'CHC could become the Litecoin equivalent of DASH'

Remember, the HODL community is intentionally trying to let the price fall so that we can "soak up" more masternodes at lower prices.  I don't know the floor that Max has in mind, he was originally saying $0.01 US, but I don't think it will ever get to that level.

I hope HODLers will follow thorough and scoop up masternodes when the price reaches something reasonable, like say $250-$300 per masternode. At that price, every HODLer should be able to afford at least one.

Compared to most "normal" investments (excluding crypto), a masternode produces good ROI.  At current price levels, a node generates about 10%-per-annum of tax-free cash.  That alone is pretty good, but consider that in addition to that 10% floor return, the investor is exposed to potential capital gains that could dwarf the income.

Investing in CHC masternodes is like buying a lottery ticket, except it has much better probability of success.

My approach is to hoard the CHC and build more nodes.  Thus far, my five masternodes have created over 80 CHC, and I've been trading a small amount to parlay yet another node (I have almost 400 CHC saved up).

All things considered, it is fun to run masternodes, even if the CHC price is low, it is addictive watching the CHC come in from nowhere.

Elsewhere in this forum, you can find discussions between guys about CHC mining, and that got my attention.  One of the posts from a guy with two 1080TI cards said he was generating more than 7 CHC per day.  So, I went to ebay and found this mining "farm":

http://www.ebay.com/itm/ZCash-18-000-Sol-s-Ethereum-960mh-s-24x-GTX1080TI-Cryptocurrency-Mining-Rig-Farm-/162606018625?hash=item25dc12f041:g:5McAAOSwrMlZeMC0

This thing is crazy.  The cost is $35,000, so you have to think of it like buying a car.  It has 24 1080TI cards.  If I'm doing the math right, this rig would generate 84 CHC per day but at about 8000W (that's a lot of power).  I have a 10KW solar array, so this could help mitigate that cost.  So at current prices, you're not going to quit your day job, but such a system could generate some helpful tax-free income.

this is in fact true, but DASH was a different story I'd say. I don't think CHC has a chance to go where DASH is today.

The coin is not dead as long as the block chain is moving and the are buys and sells. Even the all mighty DASH was once 'dead'. It was launched as xcoin with huge insta-mine and was dead until it got re-branded to DARK then re-branded again to DASH. So I solo mined a few tens of thousands CHC coins back in 2014 and 2015 and ran a master node when the wallet was updated back in 2016. Now CHC get noticed/go viral and a community builds around it and the devs start making commits to Git. All the same thing that happened with DASH but it just took CHC longer for it's re-awaking. (and yes many BTC hit my wallet the other week from CHC sales from up the sell wall and that is what brought me back into this thread.)

Another thing if the coin was so called 'dead' then why has SuprNova ran a pool for CHC all of these years? We all know that SuprNova don't play with scam coins or dead coins.

Proposal to Improve CHC Price and Viability

Each 90 seconds, Chaincoin network creates a new block with rewards as follows:

2 CHC -> Master Nodes
6 CHC -> Miners

This is simple and elegant and something that should not be meddled with lightly, so please understand that I'm not making this proposal in a flippant manner, but rather thinking about how to change the narrative to allow CHC price to rise.

DASH has implemented a revolutionary idea: decentralized governance.  With DASH, part of each block reward is allocated to a treasury that builds up over time.  In DASH block rewards are allocated as follows:

45% Miners
45% Master Nodes
10% Treasury

The treasury can be used for anything, but one important use is development.  At this time, our lead developer brakmic has stated flatly that he doesn't want to be paid anything, that he works 100% free (open source), so development cost isn't currently a huge concern.  However, treasury funds can be used for anything the community deems appropriate, and DASH has used this to help catapult the coin to higher valuation using a time-tested technique called marketing.  Note that DASH is supporting a lot of podcasts, and has commercials.  CHC could follow in DASH's footsteps, using treasury funds to do good-old-fashioned marketing, both traditional (e.g., radio) and content marketing on the web.

CHC could become the Litecoin equivalent of DASH

This is a reasonably good elevator pitch, and answers the question "Why CHC?"  I believe that achieving modest and achievable recognition as the next-best-thing-to-DASH could realistically push CHC valuation to $10 dollars or higher.

But how would this be done?  Well, my understanding is that it would require changes to the CHC consensus rules.  Technically, it would require brakmic and his helpers to port the treasury governance subsystems from DASH to CHC (assuming they are not already present), and a majority of the nodes would signal their agreement by running the new code.

My recommendation would be to do this in two steps.  The first step would be to enable the DASH-like governance system to give us a structured way of voting on features and initiatives without doing anything to the mining and master node percentages. Once that system is in place, we could start taking proposals for how to modify the percentages to introduce the idea of a treasury.  To be fair, it might make sense as follows:

20% Master Nodes
70% Miners
10% Treasury

This change in allocation would distribute the pain equally between Master Nodes and Miners, giving 10% of all block rewards to treasury.  If my math is right, this change would start accumulating 576 CHC/day into the treasury, which should build up quickly into a war chest.

There are two benefits to doing this.  First, we can use treasury funds for marketing and for any programming that brakmic isn't willing to do for free.  This is clearly an advantage, and DASH has already proven that this isn't blue sky, it really works.

But perhaps most importantly, such a change to the long-dormant CHC consensus rules would itself be newsworthy, disrupting the status quo.  Such a change would be perceived favorably by the crypto community, and that new faith would be reflected into the CHC price. It would signal that CHC is no longer a dead coin (one of the most popular objections), but a new coin, a coin with a plan.  Even the potential for such change could affect the narrative, giving the price of CHC a better chance to rise.

It must suck when the only thing you have to do is post in a thread of a coin you yourself has said was dead.
Get a life.

It must suck when the only thing you have to do is post in a thread of a coin you yourself has said was dead.
Get a life.

This sums it up nicely I think

https://youtu.be/GePn4xoQ1B0

It must suck to have posted here so long that you've earned 'Legendary' status, and still be in a position where shilling a dead coin is worth your time and effort.

 

The CHC master node network keep getting larger with CHC having a little more master nodes the PIVX and about half as DASH

CHC Coins In Master Nodes
2,330,000 (15.39%)

Sticking your head in the sand is not a viable option.better get yourself educated IM done trying.

This sums it up nicely I think

https://youtu.be/GePn4xoQ1B0

From what I can understand the current CHC "community" is now mostly bagholders that got scammed out of their money at the recent pump and dump setup. Not sure what good that bunch can do for the coin going forward.

Yeah going up against all of the other coins but still going down against the $. 

you are either a clueless kid or a liar. Choose what ever you want.

I understand you want it to go back to USD$6.xx again because you didnt sell your coins last time but its not a reason to write all that bull*beep* about the coin and its silly "community".

I don't understand, why is this a new low? If we're going up against all of the other coins, there has to be something about CHC that makes it stand out. I think it is the CHC community that makes the difference.  What do you think?

I don't understand, why is this a new low? If we're going up against all of the other coins, there has to be something about CHC that makes it stand out. I think it is the CHC community that makes the difference.  What do you think?