Topic: [ANN] [DRZ] [DROIDZ] [ANTI-INSTAMINE] - A FRESH NEW START - WALLET UPDATES!!! - page 34. (Read 48442 times)

Hi,


What's up guys?



DRZ

The reason masternodes have a higher reward is they Take coins out the market by creating a masternode. Normal stakers do not put up coins to stake they just stake but a MN holder will have to put coins up which he cannot touch unless they wish to stop the node.

We are also looking into something to stop that (DUMPERS) ie we can see if we can sort something out where if you send huge amounts of coins you will be paying very very high Fees meaning you will not want to do that

Guys, the max coin supply is not a problem at all - it is just a theoretical number which will take effect in many hundred years

What could be a real problem - is the inflation of 55%! Why we need to increase inflation by 10x!!??? We had 5% and were happy with that.

And why masternodes should get such high rewards compared to regular staking nodes? If such ridiculous numbers will be chosen, people will just stop to stake, as the masternodes will take all the profits, then dump it and cause price fall, which will not be covered by 5% of regular stake!
Masternodes are not necessary for network to run, regular staking nodes are more important, as they move the network. They should have enough incentive to continue staking.

I propose to decrease MN payments, and make them comparable to staking rewards.

No need to delete we are here to dicsuss not MOAN at you

I deleted my posts.  I was thinking about it entirely the wrong way...  My bad.

No worries but why would we need to lower it.

Hypothetically speaking now.

Droidz will last a very long time with 5% Pos for normal stakers and 50% pos for Masternode Stakers for it to even come close to that 80 Million Supply . You would need to stake all 5.5 mill coins to effect that which we all know will not happen as people send/recieve buy/sell all the time


Edit: If all 5.5 mil was staked in 1yr at 5% it would create 275,000 DRZ

What do you mean by this?

The DEV explained something similar at bottom of this page.

If you would look at the current source code you will see that too says 80 Million thats why we chose it

Voting Poll Added too. Lets see what our Droidz Users decide. I will end it on the 2nd of Jan

Honestly if we do the coin swap we'd say it is easier for all.

Why?

Because that way we can ensure all exchanges and users of droidz are runing both Droidz & the new droidz wallet simultaneous

Meaning exchanges will only have to swap over from 1 coin to the other.

So if bittrex agrees we would ask them to lock all drz in the wallet so none can be withdrawn/deposited/traded so we can then send the amount to them that needs to be changed. all they would then have to do is swap coins and remove the previous drz wallet.


The reason we wish for a new coin is this.

The Main feature we want ie Masternodes is already in the new Droidz Src code.

Is it necessary honestly No, but we feel if you want masternodes it will be more effective if we start from scratch and add in the tabs we did with droidz so far to the new source.

Rather than faffing around with the src code like we was (We have tried numerous times but the same issues Occur It will not Sync At all even when we place checpoints in the code  & the genesis block keeps resetting itself. so we took the decision to create a new droidz from scratch which we can confirm works.

As it stands there is nothing wrong at all with droidz how it is. The chain works perfect and so too do the wallets albeit there is 4 versions out at the moment.

The Masternodes reward will be 5% x 10 = 50% POS per year instead of the usual 5%

The Time Swap window will last 4 Weeks Exactly any coins still not claimed by then will be Burnt

The coin Swap is For feature Enhancements Not Price Manipulation

Prices normally spike after coin-swap (if we are successful). This is because it creates more exposure, it brings old members back, it stimulates trade and we get the advantage of more features = masternodes and anonymous transactions (I see this in the picture).

 

even BTX seems to have a good development. btw, we can try the swap.

I guess this one should be different. First of all, DRZ exists on many exchanges, so swap process probably should be done outside of any exchange.
And most importantly, there seem to be serious development being done here, and a good team behind this . If the MN price and MN/staking share is chosen correctly, it could give a new life to the coin.

The last swap I was in it was the BTX swap on CCEX, at the end nothing happen to the coin, and the price stayed low and never went up.

yeah, looks like my guess was correct. But I would really like to listen a bit more from Frazazel, so he could explain why launching a new blockchain is really neccesary. All we know that making a coin swap is not a decision to be done easily - there should be serious reasons to do so (except the amount of work which needs to be done such as updating exchanges, there will be people who will miss the coin swap, and complain later).

I would be also interested to listen from crysx and any other experienced devs - do you agree these new features are too hard to be implemented in the existing blockchain..?

If swap is really needed - why not to do it, but lets make sure we really need to do that. There should be a fair time window for the swap too...

One more point - the new spacs seem to be good, except for this part: "Masternode payments: 10x more than usual pos". Does it mean (5%+10x5%=55%) inflation on the new chain?

Sounds interesting, im happy to go with whatever the general consensus is. I dont hold much but whatver is best in the interest of the coin is probably the best thing tyo do. Maybe those with more knowledge on it can give their opinion.

Also if this was to go ahead would i be better buying more drz now or after the new coin is released?

Yes he was/is very very close 

No as we feel that would entail to much hassle for all of us, We feel a new coin with said features already is easier & quicker then we can work on adding in the other tabs/things with 0 problems.

The trade will Occur with a ratio of 1:1 if we do go ahead with this.

We can look into new dates for release. ( you will still be able to use your Droidz wallet even with the swap wallet running as we need all to be able to swap with ease.)

Masternode's Will be for both, If you look at the post the main net masternodes are due to start 14 Jan 2016 two weeks after testnet masternodes have started (again we can change this if needed.)

ok ... so drays was right ...

no hardfork - no code change ... just a straight 'new' coin release with new blockchain and new code ... and a trade-in on coins ...

nice to know this a day in advance ... :| ...

masternode implementation on testnet only? ... or are we talking going the whole hog and just releasing? ...

#crysx