ANN- CryptBit- MasterNodes- Pos 3.0- ICO on C-CEX- Security Centric For All - page 40.

vervolioman

hero member

Activity: 493

Merit: 500

Quote from: co5hike on September 26, 2015, 06:51:40 AM

Anyone know about this vault function? The timed release of coins? Like, beer money once a week or am i missing the point entirely.

From the little that I know about it I have the same idea as you, I mean same idea to the T. Safe beeeeer money waiting for the certain time of the week lol Maybe the dev can jump in when he gets a chance and let us know if our thinking is right?

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: udet4food on September 26, 2015, 05:48:26 AM

Quote from: bones261 on September 25, 2015, 05:55:28 PM

There's going to be a lot of sell pressure from people selling off their Masternode proceeds. (Many will be satisfied with their 1 MN and won't want to accumulate more.) So, maybe we'll be able to catch some good deals. Also, when the whales move on, there may be some scraps for us seagulls to gobble up. By that time, we will know for sure if this coin is worth a damn. Wink

i'm not sure your right there about the masternode sell offs causing a lot of sell pressure we are not talking about enough staking coins produced to cause that kind of presure. Quick bit of math, week one there will be around 150,000 coins created at the end of the week give or take, so 112,500 will be node stakes. That is just 10 people want to start a msternode and the coin are off the market assuming every masternode holder wants to sell which they won't. In short there wil not be sell pressure at all our chance to scoop them up is now and hopefully i can get enough for one more masternode.

Maybe not in the 1st week, but eventually the incentive to get a masternode is going to wane. With each new masternode, the reward for each masternode decreases slightly. Coupled with the decreasing reward schedule, this will make the incentive to get a new masternode even less. Some will accumulate coins to try and run more masternodes. However; each masternode will require someone to run a separate instance of the wallet. This eats up RAM, CPU usage and disk space. Moreover, each instance will require a little more time for the user to keep an eye on and make sure it is running properly. Eventually, most masternode holders are going to reach their saturation point and start selling off the proceeds.
The dev team and the community are going to have to continue to take steps to keep up interest to counteract the inflation. Only time will tell, I guess..

mrcashking

hero member

Activity: 700

Merit: 500

What sort of 2FA will be offered.
Passwords sent with sms?
Login verification?
Real true 2FA using a yubikey or smart cards?
Authenticating apps?

I only ask because real 2FA only exists by using smart cards or yubikeys. The rest of the options are related closer to 2SV (Two step verification). Im good with any extra security just wanting to know where you envisioned this going.

imbladednow

hero member

Activity: 481

Merit: 500

Woking as a binman sucks.

Quote from: Bobsurplus on September 26, 2015, 07:45:45 AM

Just jumped in. Picked up 50000 cbit. Im going to be on vacation starting tomorrow so I wont be around much but I hope to be back for some serious price action next week.
Have a great weekend everyone and see yall in a bit.

Welcome aboard. Live entertainment is on the second deck and all of our tasty restaurants are on the third deck. Grin

Bobsurplus

legendary

Activity: 1008

Merit: 1000

Making money since I was in the womb! @emc2whale

Just jumped in. Picked up 50000 cbit. Im going to be on vacation starting tomorrow so I wont be around much but I hope to be back for some serious price action next week.
Have a great weekend everyone and see yall in a bit.

zaph3t

sr. member

Activity: 294

Merit: 250

SynqCrypto Team

Quote from: CorumTime on September 26, 2015, 07:39:42 AM

Quote from: zaph3t on September 26, 2015, 12:58:36 AM

Devs being quiet now after all these posts says a lot of things. This is the same way Botcoin devs were acting until they got their ICO money.
Something is not right here if devs not saying anything.

You ever think that maybe they are working? The devs have made a few substantial posts as well as answering some questions posted to them. What more would you like?

Thank you for letting me know.

CorumTime

newbie

Activity: 16

Merit: 0

Quote from: zaph3t on September 26, 2015, 12:58:36 AM

Devs being quiet now after all these posts says a lot of things. This is the same way Botcoin devs were acting until they got their ICO money.
Something is not right here if devs not saying anything.

You ever think that maybe they are working? The devs have made a few substantial posts as well as answering some questions posted to them. What more would you like?

co5hike

hero member

Activity: 798

Merit: 1000

Anyone know about this vault function? The timed release of coins? Like, beer money once a week or am i missing the point entirely.

remmacs

newbie

Activity: 30

Merit: 0

ah ye old trick

buy your own ico, add a buttload of buy support, dump to the sheep @ higher than ico prices.

never log in again

rinse and repeat.

Zoomer

hero member

Activity: 658

Merit: 500

Quote from: couer22 on September 26, 2015, 05:49:41 AM

Quote from: CryptBit on September 26, 2015, 05:33:42 AM

Quote from: moneycharm on September 26, 2015, 01:01:22 AM

Can the dev add masternode step by step manual? For beginner...

We will have videos out with step by step instructions.

Great! Probably going to be some specific things for CryptBit that are different, always better with video. The pause button is your friend Grin

That is good news dev it is always better to learn by video as you say the pause better is helpful. Should be no issues people getting them set up.

couer22

member

Activity: 81

Merit: 10

Quote from: CryptBit on September 26, 2015, 05:33:42 AM

Quote from: moneycharm on September 26, 2015, 01:01:22 AM

Can the dev add masternode step by step manual? For beginner...

We will have videos out with step by step instructions.

Great! Probably going to be some specific things for CryptBit that are different, always better with video. The pause button is your friend Grin

udet4food

sr. member

Activity: 413

Merit: 250

Quote from: bones261 on September 25, 2015, 05:55:28 PM

Quote from: udet4food on September 25, 2015, 02:35:40 PM

Quote from: bones261 on September 25, 2015, 02:26:06 PM

I'm BTC broke. So won't be able to get a masternode right away. Coinbase will only let me gt $200.00 worth right now. Have to wait a week if I want more. Cry

I explored other options to get more BTC, but they are either no longer available to US residents or want me to supply a picture and all that stuff, which I don't want to do. Also, don't want to pay outrageous premium.

I am in similar boat, i have enough coin for 1 masternode but with the updates from dev i am going to look at more. Will waiting be more expensive than just paying the premiums thats the question? There will be someone on the forum who will sell you some btc just be sure to use and escrow and all will be good.

There's going to be a lot of sell pressure from people selling off their Masternode proceeds. (Many will be satisfied with their 1 MN and won't want to accumulate more.) So, maybe we'll be able to catch some good deals. Also, when the whales move on, there may be some scraps for us seagulls to gobble up. By that time, we will know for sure if this coin is worth a damn. Wink

i'm not sure your right there about the masternode sell offs causing a lot of sell pressure we are not talking about enough staking coins produced to cause that kind of presure. Quick bit of math, week one there will be around 150,000 coins created at the end of the week give or take, so 112,500 will be node stakes. That is just 10 people want to start a msternode and the coin are off the market assuming every masternode holder wants to sell which they won't. In short there wil not be sell pressure at all our chance to scoop them up is now and hopefully i can get enough for one more masternode.

CryptBit

newbie

Activity: 28

Merit: 0

Quote from: moneycharm on September 26, 2015, 01:01:22 AM

Can the dev add masternode step by step manual? For beginner...

We will have videos out with step by step instructions.

Odd Thomas

sr. member

Activity: 272

Merit: 310

Quote from: masBits on September 26, 2015, 01:13:56 AM

Developers do not answer anything, just see what sales accumulates in the ico to run.
58 BTC Now.

Multiple replies by dev here including a post of release schedule. You should probably read the thread? Or you could continue being a retard. Gonna guess you go that route.

Paycoinzzz

hero member

Activity: 994

Merit: 503

Quote from: zaph3t on September 26, 2015, 01:07:09 AM

Quote from: John0811 on September 26, 2015, 12:59:28 AM

Who doesn't risk doesn't have Wink

You can risk of course but keep risking on the same Shit means you need some brain examination or unless you are being part to the Scam yourself.

Smart people learn from history and make money. Stupid people get bitter and angry and follow every thread around spamming it with fud. You need brain examination. You have a mental illness.

couer22

member

Activity: 81

Merit: 10

https://bitcointalksearch.org/topic/bitcointx-masternode-guide-for-beginners-1116861

That's a good master node guide there, I learned a lot reading it. Step by step & organized.

Zoomer

hero member

Activity: 658

Merit: 500

Quote from: moneycharm on September 26, 2015, 01:01:22 AM

Can the dev add masternode step by step manual? For beginner...

I found these reading through the last few pages which will more than likely help with whats needed. Well atleast I hope it does because I have been reading through in that hope. Dev will more than likely have a manual on release anyway but to get an idea her3e.

Quote from: freakying99 on September 25, 2015, 07:49:50 AM

Quote from: GhanaGamboy on September 25, 2015, 07:25:55 AM

Can someone point me to some good guide when it comes to set up more than one masternode ?

Dash have a lot of guides here, should work for this also I guess, a good read at least Cool

https://dashpay.atlassian.net/wiki/display/DOC/Masternode+guides

Quote from: ?? on ??

Use this guide.

It's the best in crypto: https://bitcointalksearch.org/topic/bitcointx-masternode-guide-for-beginners-1116861

udet4food

sr. member

Activity: 413

Merit: 250

Quote from: cambda on September 26, 2015, 03:09:01 AM

Quote from: terman45x on September 26, 2015, 02:33:58 AM

a sudden influx of noob accounts with single digit post counts, all fudding.

hmmm wonder what that could be?

paid fudders at work = sure sign of whales

Lets hope the whales stay away from this one. Be nice with all this interesting tech to have the focus on what the coin can do instead of what people are trying to do with the coin.

And to the young pup who keeps whining about why aren't the devs posting every 10 minutes / wiping my butt for me etc Look at the release schedule. They have more important things to do than hold your hand.

i'm with you on this one when people hear the whales are jumping in their eyes light up with $ and then decide to get involved in the coin because how much BTC its going to make them.

I only joined this coin for the tech and the small amount of extra food i could get from running my masternode now i have to deal with girls crying for the pump to hurry up or scam when we lose a couple of sats and they panic sell.

fmz89

legendary

Activity: 1764

Merit: 1002

everything is soon like other scam ico, they just only have an idea nothing hard work just hype for sheeps Grin

lol it will end like other bob-ico coin, waiting to see glorius long red candle from bob team Grin

careful guys
fancy roadmap*****bye-bye sheeps, dev buy the coin at themself and make long red candle to slaughter all the sheep after strong buy wall have set

Baghead

full member

Activity: 223

Merit: 100

Let me tell you how this is gonna work. ICO ends, remaining 20% gets burned, then there will be a giant sucking sound as everyone pulls their coins off the exchange to start running their masternodes. People without nodes will be scrambling to pick up more coins but guess what? They are not on exchange. Price rises. Masternode operators win this one both ways - big stake and rising prices.

Baghead gives this one a 5 bag rating = buy.

Topic: ANN- CryptBit- MasterNodes- Pos 3.0- ICO on C-CEX- Security Centric For All - page 40. (Read 45920 times)