Topic: [ANN] CRAVE 1st POS Masternodes | Dark Assets | I2P | Market =Embrace The Dark= - page 164. (Read 826733 times)

Quote from: industrialcoinmagic on April 17, 2015, 02:25:00 PM

Quote from: megadestruct61 on April 17, 2015, 04:41:20 PM

Uh dev, I got a question. On the roadmap for Urge it says "user created and operated" does this mean the investors or node holders are suppose to make the dark market/site/sites/auctions or what? This definitely needs some clarification. Because if thats the case someone with enough expertise needs to get started on it now. The coin is only going to do good and stay consistent if it has practical use to give it value. I hope you actually have a plan to make it yourself with a few helpers because people arent going to make the market for you, aside from a very few ambitious people that would actually try.

ICM hi! Question this guy miss and he's lost in previous pages

Its self-serve. The people who want to own a market put up 10k coins as collateral and set it up themselves. Then vendors can create listings in the market.

So whats stopping anyone from creating a market/forum that accepts crave in return for products and services with a middle man handling the crave? No need for 10,000 coin collateral. And if no one decides to create a market then this coin effectively fails, this doesnt make sense to me. Your roadmap is made with the assumption that someone is going to create this "URGE market" and follow your roadmap 2 to set it up.

I think you might be misunderstanding what we are building here. You can think of it maybe as like an on-blockchain Shopify.

When could we expect to see these markets emerge?

fonzerrellie

legendary

Activity: 1190

Merit: 1000

Kaspa

their nodes have been running for months and months, of course they have more than us right now... why the heck are we discussing 10 years from now and somehow thinking it will all be the same as it is today lol you people are too funny.

new nodes have been going up every day growing nice and steady

coinmaster222

hero member

Activity: 756

Merit: 500

Maybe some of us could club 2000 a piece and take on a market,would it be worth it???

VeritasSapere

hero member

Activity: 546

Merit: 500

Quote from: VeritasSapere on April 17, 2015, 04:33:44 PM

Quote from: megadestruct61 on April 17, 2015, 04:17:10 PM

Quote from: VeritasSapere on April 17, 2015, 04:13:37 PM

I don't understand what you are talking about. There are no reduction in block rewards. The same amount of crave is being mined every day as will be in 10 years. The only difference is the TOTAL number of crave so every year the percentage increase of crave will decrease. But in 10 years if the same number of people are running masternodes and crave is the same price then the masternode would still be just as profitable as it is today.

In ten years from now if the reward for running a masternode is less then 0.097%. Obviously no one would buy a masternode with such a small return. Furthermore even if i continued running my masternode for those 10 years after this period of time my masternode would cease to be profitable and might not even make enough to cover the cost of hosting, at this point I might even stop my masternode if it is costing me money. This does not help to build a strong network, since you would want people to have incentive to create more masternodes thereby strengthening the network. With the current economic model I do not see that happening after 10 years, after 20 years obviously the problem would be even worse.

This is what I'm trying to tell you. There are NO reduction in block rewards. In 10 years you will get the same amount of crave for running a masternode as today(assuming there are the same number of masternodes).

If in 10 years from now, the amount of masternodes is the same as it is today, that would be a very, very bad sign. Since that would make it relatively easy for a malicious actor to spam the network with their nodes and thereby compromise the security and anonymity of the CRAVE network. If there was a better incentive structure there should be thousands of masternodes by that time.

industrialcoinmagic

full member

Activity: 140

Merit: 100

Quote from: industrialcoinmagic on April 17, 2015, 02:25:00 PM

Quote from: fonzerrellie on April 17, 2015, 04:43:56 PM

Uh dev, I got a question. On the roadmap for Urge it says "user created and operated" does this mean the investors or node holders are suppose to make the dark market/site/sites/auctions or what? This definitely needs some clarification. Because if thats the case someone with enough expertise needs to get started on it now. The coin is only going to do good and stay consistent if it has practical use to give it value. I hope you actually have a plan to make it yourself with a few helpers because people arent going to make the market for you, aside from a very few ambitious people that would actually try.

ICM hi! Question this guy miss and he's lost in previous pages

Its self-serve. The people who want to own a market put up 10k coins as collateral and set it up themselves. Then vendors can create listings in the market.

So whats stopping anyone from creating a market/forum that accepts crave in return for products and services with a middle man handling the crave? No need for 10,000 coin collateral. And if no one decides to create a market then this coin effectively fails, this doesnt make sense to me. Your roadmap is made with the assumption that someone is going to create this "URGE market" and follow your roadmap 2 to set it up.

I think you might be misunderstanding what we are building here. You can think of it maybe as like an on-blockchain Shopify.

fonzerrellie

legendary

Activity: 1190

Merit: 1000

Kaspa

I've got 1 friend who had btc on a dark market that got shut down... and he has no hope of ever getting back (as far as he figures) his eye's lit up pretty good when I was trying explain crave and on blockchain markets (I didn't ask if he was a buyer or seller... not my business)

woozii

member

Activity: 98

Merit: 10

Call me the coin wrecker (;

Quote from: industrialcoinmagic on April 17, 2015, 02:25:00 PM

Quote from: fonzerrellie on April 17, 2015, 04:43:56 PM

Uh dev, I got a question. On the roadmap for Urge it says "user created and operated" does this mean the investors or node holders are suppose to make the dark market/site/sites/auctions or what? This definitely needs some clarification. Because if thats the case someone with enough expertise needs to get started on it now. The coin is only going to do good and stay consistent if it has practical use to give it value. I hope you actually have a plan to make it yourself with a few helpers because people arent going to make the market for you, aside from a very few ambitious people that would actually try.

ICM hi! Question this guy miss and he's lost in previous pages

Its self-serve. The people who want to own a market put up 10k coins as collateral and set it up themselves. Then vendors can create listings in the market.

So whats stopping anyone from creating a market/forum that accepts crave in return for products and services with a middle man handling the crave? No need for 10,000 coin collateral. And if no one decides to create a market then this coin effectively fails, this doesnt make sense to me. Your roadmap is made with the assumption that someone is going to create this "URGE market" and follow your roadmap 2 to set it up.

the way the feds like to close down "dark markets" it will just be a matter of time before people will see the benefit of having their markets on the Blockchain

The markets are operated for yeara before its taken down. Then you create a new one

megadestruct61

sr. member

Activity: 334

Merit: 250

Quote from: industrialcoinmagic on April 17, 2015, 02:25:00 PM

Uh dev, I got a question. On the roadmap for Urge it says "user created and operated" does this mean the investors or node holders are suppose to make the dark market/site/sites/auctions or what? This definitely needs some clarification. Because if thats the case someone with enough expertise needs to get started on it now. The coin is only going to do good and stay consistent if it has practical use to give it value. I hope you actually have a plan to make it yourself with a few helpers because people arent going to make the market for you, aside from a very few ambitious people that would actually try.

ICM hi! Question this guy miss and he's lost in previous pages

Its self-serve. The people who want to own a market put up 10k coins as collateral and set it up themselves. Then vendors can create listings in the market.

So whats stopping anyone from creating a market/forum that accepts crave in return for products and services with a middle man handling the crave? No need for 10,000 coin collateral. And if no one decides to create a market then this coin effectively fails, this doesnt make sense to me. Your roadmap is made with the assumption that someone is going to create this "URGE market" and follow your roadmap 2 to set it up.

the way the feds like to close down "dark markets" it will just be a matter of time before people will see the benefit of having their markets on the Blockchain

Yep this is why this coin could be revolutionary. Its near impossible to stop a blockchain.

fonzerrellie

legendary

Activity: 1190

Merit: 1000

Kaspa

Quote from: industrialcoinmagic on April 17, 2015, 02:25:00 PM

Quote from: VeritasSapere on April 17, 2015, 04:33:44 PM

Uh dev, I got a question. On the roadmap for Urge it says "user created and operated" does this mean the investors or node holders are suppose to make the dark market/site/sites/auctions or what? This definitely needs some clarification. Because if thats the case someone with enough expertise needs to get started on it now. The coin is only going to do good and stay consistent if it has practical use to give it value. I hope you actually have a plan to make it yourself with a few helpers because people arent going to make the market for you, aside from a very few ambitious people that would actually try.

ICM hi! Question this guy miss and he's lost in previous pages

Its self-serve. The people who want to own a market put up 10k coins as collateral and set it up themselves. Then vendors can create listings in the market.

So whats stopping anyone from creating a market/forum that accepts crave in return for products and services with a middle man handling the crave? No need for 10,000 coin collateral. And if no one decides to create a market then this coin effectively fails, this doesnt make sense to me. Your roadmap is made with the assumption that someone is going to create this "URGE market" and follow your roadmap 2 to set it up.

the way the feds like to close down "dark markets" it will just be a matter of time before people will see the benefit of having their markets on the Blockchain

megadestruct61

sr. member

Activity: 334

Merit: 250

Quote from: megadestruct61 on April 17, 2015, 04:17:10 PM

Quote from: VeritasSapere on April 17, 2015, 04:13:37 PM

I don't understand what you are talking about. There are no reduction in block rewards. The same amount of crave is being mined every day as will be in 10 years. The only difference is the TOTAL number of crave so every year the percentage increase of crave will decrease. But in 10 years if the same number of people are running masternodes and crave is the same price then the masternode would still be just as profitable as it is today.

In ten years from now if the reward for running a masternode is less then 0.097%. Obviously no one would buy a masternode with such a small return. Furthermore even if i continued running my masternode for those 10 years after this period of time my masternode would cease to be profitable and might not even make enough to cover the cost of hosting, at this point I might even stop my masternode if it is costing me money. This does not help to build a strong network, since you would want people to have incentive to create more masternodes thereby strengthening the network. With the current economic model I do not see that happening after 10 years, after 20 years obviously the problem would be even worse.

This is what I'm trying to tell you. There are NO reduction in block rewards. In 10 years you will get the same amount of crave for running a masternode as today(assuming there are the same number of masternodes).

woozii

member

Activity: 98

Merit: 10

Call me the coin wrecker (;

Quote from: industrialcoinmagic on April 17, 2015, 02:25:00 PM