WOW!!
The new wallet is working great! Looks good to!
I just finished reading the "white paper" about the anon transaction/messaging. Something stood out that really concerns me...
When someone wants to send a payment from their wallet, that transaction is then routed to the "Reserve Relay Node" which is a wallet holding 15k Cinni and then is split to 4 other addresses.
So... if you want to become a "Reserve Relay Node" you must keep 15k of Cinni in your wallet, in which you'll get paid transaction fee's as the incentive to do such, which will in turn make you more CINNI.
That's cool! I like the idea. But here is the rub as I see it...
If a lot of people want to try to become a "Node" to make more money, along with regular POS mining... there is only enough room for 1,000 wallets to do such. (15M total Cinni Supply divided by 15k = 1,000).
If this were to happen, then the available CINNI supply can not be distributed to other users!!! It'll all be "Froze Up" in these 1,000 wallets.
How will anyone be able to purchase goods... buy Cinni off the exchanges... etc etc.
20,000+ (or Millions) of potential future users that will want to use CINNI, because of it's success and ease of use... won't have a chance!!
Retailers won't adopt it either! Even with BTC integrated into the CINNI wallet.
I'm not trying to be pessimistic... I really like CINNI and have been all in since launch, but this needs to be re-thunked imo
Is 15k Cinni for "Nodes" a final dev set number? or is there flexibility in that number? Was this just a random number you used as an example?
Now, I also understand that 3.5% is minted annually and the supply will grow over the years...but short term, with what I'm bringing up, will suffocate near future adoption. Ecspecially when you have thousands of ppl racing to become a "Reserved Relay Node"
Available CINNI will be hard to come by, even if it can be broken down to 1 satoshi.
It's late, so I hope this makes sense and others can see the context I'm trying to get at.
Simple solution to this is to limit total number of "Reserve Relay Nodes".
I'd love to do something like this! "BE A NODE!!" Very Cool.
Yet, when I stated I was "self-employed", it means I was fired over 2 years ago with no job prospects on the horizon. Denied benefits all that time, to boot. So, how do I go from 3000 coins to 15,000 coins so I can be come a "NODE"
? (**Question posed to DEVS)~darylluke.