Topic: [ANN][CRW] CROWN (SHA256) | Platform | Governance | Systemnodes | Masternodes | - page 170. (Read 316957 times)

Yes. At one point in time I had just under 600 Darkcoin/Dash coins now I only hold about 50 DASH coins.

Great to have you here, was you invested in Darkcoin/Dash once upon a time?

The Crown team keeps getting stronger and is moving forward with great project! I only hold a small amount of TX but I do hold ~2% of the total money supply of CRW. Maybe one day they will get the CRW wallet working on Yobit and I can pull off my 48.8k CRW from there but trades work good on c-cex. I'll jump in on the asking Bittrex for an add and put out some tweets. I guess I should join the new slack group just to see what is going on there. Keep up the good work Crown Team. Looking forward to the teams updates.

Welcome Infernoman, you have done an amazing job at Transfercoin! I regard you as one of the best devs in crypto, and I appreciate very much your move. This also sends a strong signal to the Crown community and shows how serious is the commitment of the whole dev team toward the future of this project.

Great to have this out in the open now. Welcome officially!

Alright Just a quick announcement here. As most of you have seen I've been making some updates here. As well as on the github repo. And if you've looked carefully enough you'd probably have seen this coming from a mile away lol...

I'd like to formally let everyone know that I was recently hired by the Crown Team. Unlike most jobs I take on. I've actually taken a position in their team. And will be moving cities just to keep focused on my work. I will be moving to Quebec in the near future. And the Crown team is helping me with the move. I was planning on going to Quebec anyways and they offered to help me with my move to get me setup and working again. One of the requirements was that I make an announcement on my entrance to the team. And to notify my community at Transfercoin that I would not continue with my work there. Fortunately I was able to wiggle that into the agreement as well I will not be leaving TX as a whole. But I will continue working on TX when I have the spare time as a side project. I will continue to update you guys with my work on Crown. and do my best to help anyone with issues they may have. as well as trying to keep a bot on the so that there may be a few more profitable opportunities for traders. Let's see if you guys can outsmart it

I say it again:

The implementation of Thrones few months back increased market cap of Crown substantially, and made this project interesting to new community members. Miners benefited big time as well.

The relationship between miners and throne operators have to be in balance, therefore 45pct of rewards going to miners, 45pct going to Throne operators and 10pct to governance is a well balanced situation.

We are proposing this and the core team stands behind this idea.

If you look at it a bit more carefully you'll notice that this wasn't an update to the crown repo. but to my own. You would currently receive 0.6 CRW per block. and after the changes it would be 0.45 CRW. BUT as it has been noted. it has not been fully discussed and this is just a testing point for us.

There is a TON of changes. most of them were to update the base code to dash 0.12.0.x and bitcoin 0.11. During that there were a few adjustments to the code that needed to be sorted. Merged mining had to be added to the new repo. name stamping and timestamping still have to make it in there. A proper throne manager was added. as well as the ability to specify an aux pow address to mine to. no more mining to random addresses as an auxpow miner. One more thing i will be looking into is making it so miners arent able to change the block reward lower at will. currently there are some miners on the network that look like they themselves have built a client purposely to mine blocks that have a smaller reward than normal. It does burn off a few coins, but also changes some end game calculations. and ill make sure with the next update that is no longer possible.

For the record, there are going to be a massive number of changes proposed like this. I look forward to your continuing positive contributions and support.

We're not testing anything until we discuss parameters on the forum.

We may aswel start to discuss the params now.
@infernoman, can you give a list of changeable Params for the core updates?

You'll see in the whitepapers are about to release for discussion. First of five will be released in the next few days. Mentions our proposal to change rewards.

So did these "around 10 people" only discuss reducing miners income by a further 10%, or will they be testing reducing masternode payments as well?

The conversation has been held on slack and at the meeting. We agreed (core dev team) to proceed quickly on the core updates and get a template of the codebase finished (Everyone knows about the core updates.) We then would go to the forum to talk about parameters, eg coinbase distribution/governence fund %.

FYI we have around 10 people that are part of the community and dev team that regularly contribute to Crown finances and development. So its not like its just me and someone else is making all the decisions.

I did ask - it was my very first sentence:


I'm not aware of any discussion about reducing miners income again - please post a link where this happened.


Not sure why you presume this, but it's wrong & off topic. Besides, selling my CRW at the current price would be daft.

99.9% of the time, ideas are discussed before implementing them into the code for testing, not the other way round - that's the whole idea of having a forum/community.

Will you also be "testing" reducing masternode payments?

So far, these changes have not been decided, the reason your seeing this in the code is because we had a discussion, and we agreed to test this out in testnet, and then we would engage the community, sadly your quick to accuse, instead of asking.. we have alot of stuff comming in over time, and some of the things will be discussed with the community before roll out, others wont, because they will benefit all.

but i can only imagine that your only interrested because your just selling, not holding any yourself..

Maybe set up a few thrones? that would earn you some coins as well...

We intend to fully discuss any changes with the community, before we release the update. The implementation of Thrones few months back increased market cap of Crown substantially, and made this project interesting to new community members. Miners benefited big time as well. The relationship between miners and throne operators have to be in balance, therefore 45pct of rewards going to miners, 45pct going to Throne operators and 10pct to governance is a well balanced situation. We are looking forward to discuss this here, before any changes are applied.

I'm aware that this code has yet to be released, that was not my question.

This change to miner payments & it's insertion into a future update gives the impression that "someone/people" have already decided it will happen without any consultation/consensus or debate with the mining community - at least the last time you reduced miners income there was some kind of debate about it - why not this time?

If "This 10% needs to come from somewhere", who decided it should be taken from miners income? Miners have already lost 40% of their income, isn't that enough? Why not take it from masternode payments? Or somewhere else?

Yes, it appears that youre looking at changes that haven't been committed yet. All part of the core updates we are working on.

We're conducting updates to the Dash codebase, which we use for Thrones.
In the new codebase is a governance fund where ideas and propositions can be voted on.

We decided to keep the governance code and allocate 10% of the coinbase reward to it.
This 10% needs to come from somewhere.

Also this code has not yet been released and is still in progress. We intend to
give a full breakdown of the new codebase and what changes have been made, before
we release the update to the public.

Whats this?:

https://github.com/Crowndev/crowncoin/commit/9a5ad2c

Who decided to lower the payments to miners again?

Were miners or CRW users consulted about this - if so, where?