Topic: 🚀 |ANN| MYSTERIUM NETWORK - Decentralized VPN built on blockchain |MYST| - page 64. (Read 127389 times)

MYST the garbage project, fell again, can not the rocket launch? What are you doing with the development team, the slow speed of the code updates is very disappointing to investors.

sucks missing out on iota, i didnt 'get it'.. ......now bagholding this, but i see the vision in this project and id like to let you know why i still love this project and dont mind seeing where we are in 2019. i would like to open some more discussion on this dead thread here.

first, like 4 more devs   ..this is where we should have been after ICO but... ..whatever, were moving now.

the year...is 2049 / 2020.
net neutrality is decimated. TOR servers are tracked and destroyed. vpns are made illegal. the onyl channel is Fox News and Big Bang Theory on repeat.  there is little fiat. BTC market cap is 300T...governments have sent replicants to decimate all homegrown vpn cells...named 'Providers'. MYST is the currency and economy of providing access to uncensored information...it is .1 BTC...

ok...well..not exactly.

iota i see in smart cities, ripple i see as being huge because its fast as shit, bitcoin and eth are sweet because you can EARN them hence the incentive. all huge winners already.

only problem is you have to MINE for btc and eth (for now until Casper) which is expensive and honestly just wastes electricity...but MYST you can EARN just for having your computer ON and sharing a percentage of your bandwidth. like..no setup overhead involved. make money while you sleep.  its the lowest barrier to entry for ANYONE to be a part of it. is it easier than staking a wallet? maybe the same?

this network will grow. we have 8k twitter followers. it takes one price jump if Beta is cool...good news, some attention to get to 40k, then the other final jump to like 200k, and were BOOMING. 200k users would be sick, then who knows...this is all assuming the network is secure and fast...and how the market takes Orchid's product as well. i will probably get orchid tokens as well just because i support this dVPN idea so much.

and as for the tokens value, it has utility..if thats how we're pricing these things...its also definitely decentralized.


BTC (and decentralized systems) are apparently priced as such: square root of number of users * avg transaction value... it has nothing to do with supply or market cap

https://i.imgur.com/MP9atPJ.png
http://www.businessinsider.com/bitcoin-price-movement-explained-by-one-equation-fundstrat-tom-lee-metcalf-law-network-effect-2017-10

lets try and use that model to try and get a realistic expectation of MYST price relative to number of users and avg transactional value per node.

in my example say we get paid $5 a month of MYST for providing a monthlong Session, that is the avg $$ value of my node, and ALL nodes (perfect competition) per month...and well say network with 4000 participants....  = root(4000 users * $5) = $141.42  

.....200k users?...$1000 per MYST...just a comparison



..... the $5 is assuming people are using this constantly though


...if they only use it for say 1 day a month?
$5 a month /30(days) = .16 cent a day ( avg value transaction per account) * 4000 users = root(666 ) = $25 MYST...thats if only 4000 people only use it 1 day a month....

40k people using it only 1 day a month? = $80 MYST
40k people using it 4 days a month? = $163 MYST...which is my target we can hope right?
 

all depends on number of participants...and their participation.


its costs MYST to BE a node, AND to USE it. if you want free VPN, you just need to provide more bandwidth than you use on the network, since it should theoretically all cost the same. if you want free VPN constantly (the $5 a month constant usage scenario), you need to share bandwidth (while sleeping) to pay for what you use during the days  you could have free VPN for the whole month. you wont make anymore MYST than you use, unless you ONLY host sometimes and don't use the network...which should be an option.


i hope the costs of registering a node will financially deter a hacker from spinning up a bunch of bad nodes and slowly ruining all of their reputations from hacking. id like to discuss this more. and aspects of orchid if anyone would like.

anyway, this is some cool tech, circumvents firewalls, and you will get paid for it.

as always, hodl.

The MYST development team is too lazy to update the code as slow as the snail. The young model play enough to point ah, otherwise no follow-up you continue to enjoy the money for such a young model, make no sense of crisis?

Myst, is the foreground of VPN block chain still bright? The trend of light currency price is not very ideal. For example, there is a great product coming out in this kind of application chain, so that we can let the price fly.

The price of Mysterium Network finally hit the bottom and began to rebound. Since it was put into practice in July, it has been very sad. It is urgent to expect that the 1 product can be landed in advance, leading the price of the coin, and the decimal point will move to the 1 place in the future.

Yes, if the firewall will use only IP blocking, the Mysterium Network should be a solution. It will be impossible for the Chinese governement to block thousands of ever-changing IP addresses. They might however use deep packet inspection (see Wikipedia article here: https://en.wikipedia.org/wiki/Deep_packet_inspection ) it can be more complicated even for a decentralized VPN to avoid being blocked. Let's see how the Mysterium devs will address this. In any case, decentralized VPN will always be way better, safer and probably also cheaper than centralized one.

Yeah agreed. With that patience I believe we will be rewarded well.

no reason to sell at this Point. i will just wait for their prototype release in a ouple of month. Patience People, Patience.

Even there are some disappointments I'm still holding my ICO tokens. Somehow I still have hope for good product.

MYST this shit coins up a few days, a day for you to fall the light, the cat big flicker, cause infinite harm to people! The project was completely disappointed and the investment was shrinking. It was regretted not to change it to EOS in the last few months.

i once tested this thing a received some bounty tokens.
the project is done? or why are you writing this? i would like to know whats going on. i did not follow the development. thank you.

Great Chart Gallery of Mysterium on BitScreener: https://bitscreener.com/coins/mysterium/chart_gallery

Oh wow, this is a cool idea! Not necessarily a privacy coin like Monero but very similar. Will keep researching Mysterium

Edit: Is there a working product yet?

It is still under construction. If they had a working product the price would shoot up.

Is there any application in use? Where can I download the VPN and use it?

Is the project working?

As in, can I earn MYST tokens?

Such project is over, China bans VPN, they can help Chinese, but the dev team is fucking up everything.

not on any big exchanges. they have no dVPN product code on github as of yet.

Guys why Privatix is x10 lower marketcap from MYST? They much more better. Sell MYST - Buy PRIX

Hi Guys,

Here is the latest interviews with Mysterium. Check it out.