Topic: [ANN] [POW] [MSR] Masari - simple, scalable, and secure cryptocurrency - page 79. (Read 85155 times)

@oslak I've studied the CryptoNote protocol well enough, and have an understanding of RingCT's inner workings (the initial reason for researching into Monero). My educational background is in Computer Science, so I can get by on understanding the Math involved, though I doubt t would be able to out-compete professional cryptographers and people with PhD's in Mathematics My R&D efforts will be focused on scalability, as that is more in line with my skillset. The group involved with this project will be mostly focused around scalability and ease-of-use, though this doesn't discount future R&D efforts into RCT's protocol.

Apologies I missed the intent regarding #4 - I am a HODLer, and any rewards from blocks I have mined will be HODLed. The extent of use for my holdings have been giving out small sums for friends to play with, or sums as a thank you for helping out in behind the scenes work (i.e. infrastructure consulting).

If you're concerned about any pump & dump scenarios, we're only a month in, there are plenty of early miners, some of which have large hash rates, and we're at ~23k blocks - the only market influence I have on the coin's marketplace is my development efforts in the project. This coin will have over 2.6 million blocks before tail emission kicks in (~10 years), and miners have plenty of time to speculate and profit off of Masari.

P.S. I appreciate the candidness!

I posted some promotion on other coins' thread to help spread hashes. SIGT thread

once we get to a healthy hash rate these heavy variations will smooth out The network hash rate was increasing anyway, and the network's difficulty is currently at ~280 KH/s

Is that why I went from 500MSR/day to 60? 

wov

someone wants masari so much.
from 50kh/s nethash to 1.5Mh/s

Coin maturity is 60 blocks. About 2-3 hours to mature and payment every hour. The blocks you had shares need 60 more to mature for the pool to release payment. Pre-mature balance will not appear.

Iv got 300H on the main pool. with a zero payout for over half an hour. Something is not right, can we get another pool setup vs use these sketchy pools?

actually i was following both you here and the micronote project (and to say the truth, he did solve the pool fix) and with the heat that he has given you, one would've thought that there was more potential to XUNC than MSR .... but .... XUNC is no longer running , and MSR got on its first exchange )

good work ))

Thaer,

Thanks for the response. Please don't let my candidness offend you.

Other than desire to make this technology reach more public, I assume your group knows how RCT works and Masari will implore R&D to further improve it? My question on item4 is how the funds(4k blocks) will be managed but I can't find any concise response. Creating and launching a blockchain always espouse resources from its creator. Selling some funds to recover your out of pocket and for maintenance of infrastructure is understandable.

Good luck on your project. I hope for your success. I will be mining and buying some.

@jbmustaq @lexphor thank you for the kind words! I feel that it's a vocal minority that can paint the discourse in a way the silent majority may disagree with.

While some are unwarranted (like the attempt to deface the project by @micronotecoin), the rest I think is mostly sensitivity to potential value for early adopters.
There's a great blog post I've read recently that touches on this with respect to the network effect for cryptocurrencies, https://blog.blockonomics.co/predicting-the-path-for-bitcoin-c9d27b28df8 - it's an interesting perspective!

Couldn't agree more.

Hello,

I don't mind Dev to have mined few coins for working hard by giving time on creating this coin which every other person is questioning and on top of that mining as well.

To some people it would be difficult pill to swallow but 90% of the people don't bother to look at the premine and start mining.

If you look at sumokoin it was heavily mined and still people are mining and earning profit so people who say Dev is not good or did not do good or it's a scamcoin why bother saying just go mine other coin why waste your time complaining when other person is working hard to create this coin stable.

There's no pre-mine (genesis block: https://msrchain.net/tx/d312b4f045b112a442fed53729f6817f1d9cde0a37098f0e9246cdb5c1cbd0c6). The block reward is "smoothly varying", starts at  35.184372088831 and will slowly decrease over time until we reach a floor of 0.6 Masari per block (0.3 / minute), and that will be the "tail emission" rate moving forward (reached in 10 or so years).

You'll need to use the transfer command in this order: transfer

you have two amounts in the command above - if you're trying to send 12, use the following (using your example above):

Code:

transfer 5pbmUje6RAoTxscxtLDKXZLMcaKoHe8er5J6ZHATfVupbt3Cs1FGuia4CPGurGr15N9RTxGxZ9CEzVNcMrNgEarzKsajAGZ 12 6c8f149632404af9ab8f136ee87f223b706dc677735c4689b2294116ecc2e1ba

Hi oslak,

1. I'm the main developer, with two more core developers being on-boarded - updates will be posted when things are set in stone.
2. This is noted in the first post - Masari uses Monero's v0.11.0.0 release, and everything has been refactored to use the latest protocol (with minor adjustments). The only other Monero forks out there are Aeon, and Sumokoin, with Masari being more comparable to Aeon.
3. Short answer, yes. Bytecoin forks are a dime a dozen because of the Forknote project, and Monero is superior in all regards.
4. This concern has been also noted in the first post: Masari had no pre-announcement, but was announced promptly nonetheless (< 5 days, delayed by logistics and infrastructure requirements).
  - The network was public before announcement on Bitcointalk and had almost a 2 kH/s hash rate (~15-20 machines).
  - There will be over 2.6 million blocks before tail emission kicks in - the 4k blocks in contention are insignificant (~0.5%), are unheard of as a "pre-mine", and there are already individual early miners in the public pools that hold a higher percentage of coins than that (there are ~22k blocks mined at the moment) .
  - I've spent over $1,000 in initial infrastructure cost this last month, everything has been out of pocket, will continue to be for some time, and I've asked no help regarding this matter.
5. Please read the announcement page, as it outlines first initiatives for Masari.
6. My industry experience has mostly revolved around Distributed Systems, and I've noted the relevant experience of others to be involved in the announcement page.

I've already touched on all of these in the announcement page, so please give it a read.

I hope these answer your questions, and feel free to come chat with me and the community in our Slack group!

Cheers,
Thaer

[wallet 5nihVV]: transfer 12 5pbmUje6RAoTxscxtLDKXZLMcaKoHe8er5J6ZHATfVupbt3Cs1FGuia4CPGurGr15N9RTxGxZ9CEzVN cMrNgEarzKsajAGZ 8 6c8f149632404af9ab8f136ee87f223b706dc677735c4689b2294116ecc2e1ba
Wallet password: ************
Error: failed to parse address
[wallet 5nihVV]:

help

Transfer to southxchange also needs ID!!

transfer 1 5iPpUjJgUSt411CVPdwARybFYFwYUXMT4pS4BCLpZGQ5x9byHGWVsgATkCqGKYAi4Rod2bgZdYuoC  100 dasdkjdaskjdhaskdjhasdasda

The two parameters are obtained in southxchange / deposits

transfer 1 walletID no. of coins like below

transfer 1 5iPpUjJgUSt411CVPdwARybFYFwYUXMT4pS4BCLpZGQ5x9byHGWVsgATkCqGKYAi4Rod2bgZdYuoC  100

it will send 100 coins.

pleace need comand on wallet to send my MSR to southxchange  and need id paid.
sorry my english
from argentina
tks