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Topic: [ANN][CRW] CROWN (SHA256) | Platform | Governance | Systemnodes | Masternodes | - page 234. (Read 316957 times)

legendary
Activity: 1092
Merit: 1000
Will the Thrones feature require to hold the collateral 10,000 CRW in an unencrypted wallet (so that the daemon can sign messages on demand or something), or can the wallet be encrypted as well?

Hi domob,

Absolutely, you can encrypt your Throne wallet.

We're still testing, we could use some help! Ima get a chat going in the Crowncoin slack so we can discuss testing, if youd like to join.

{Slack link}
legendary
Activity: 1764
Merit: 1022
Sure mam, it will run up soon - finishing "thrones" integration now

Is this coin works well?

Some nice movement in the markets today. CRW is up to 400 sat and with buy support on both YoBit and C-Cex.

legendary
Activity: 1135
Merit: 1166
Will the Thrones feature require to hold the collateral 10,000 CRW in an unencrypted wallet (so that the daemon can sign messages on demand or something), or can the wallet be encrypted as well?
hero member
Activity: 805
Merit: 500
Sure mam, it will run up soon - finishing "thrones" integration now

Is this coin works well?
sr. member
Activity: 325
Merit: 250
legendary
Activity: 1092
Merit: 1000
Thrones code is currently being tested. Hopefully we can have Thrones on mainnet within 24hours!

Everyone ready for the gold rush?? Theres going to be a period of time where only a few people have Thrones and will be spliting 40% of the coinbase reward between them. I'm going to be one of them Tongue
hero member
Activity: 805
Merit: 500
Very nice message. Thank you for the support!

I'm looking to buy a fairly large amount of CRW.  PM me if interested in selling.

Would prefer to trade on an exchange to save using escrow.
legendary
Activity: 1722
Merit: 1002
Decentralize Everything
I'm looking to buy a fairly large amount of CRW.  PM me if interested in selling.

Would prefer to trade on an exchange to save using escrow.

The bounty for adding Thrones has a significant amount of Crowncoin as part of the deal.
The dev may not want to keep all the coins we give him.

So I can ask him and at what price he'd like to sell at

Pm me an around figure you wanna buy

Welcome Smiley

I've got my budget...the amount I want to buy depends entirely on how many are for sale and at what price Wink
legendary
Activity: 1092
Merit: 1000
I'm looking to buy a fairly large amount of CRW.  PM me if interested in selling.

Would prefer to trade on an exchange to save using escrow.

The bounty for adding Thrones has a significant amount of Crowncoin as part of the deal.
The dev may not want to keep all the coins we give him.

So I can ask him and at what price he'd like to sell at

Pm me an around figure you wanna buy

Welcome Smiley
legendary
Activity: 1722
Merit: 1002
Decentralize Everything
I'm looking to buy a fairly large amount of CRW.  PM me if interested in selling.

Would prefer to trade on an exchange to save using escrow.
legendary
Activity: 1092
Merit: 1000
----- Crowncoin Thrones Implementation Update -----

Crowncoin will soon become the first crypto currency with merged mining and Thrones (masternodes).

The coinbase reward will stand at 60%/40% to miners and Thrones (6 CRW per block to miners and 4 CRW per block to Thrones, currently.)

The collateral needed will be 10,000 CRW to take a seat. In the future, when we have a healthy established group of Thrones the amount needed for collateral will be considered to drop.

Basicly we're trying to incentivise more long term full nodes on the network.

We hope to be testing within the next 24 hours!

If you want to see this project succeed, please help out in testnet.
More info on testing coming soon.

legendary
Activity: 1092
Merit: 1000
From what i'v been told the team is behind the move and agree it'll be beneficial to Crowncoin.

I can agree that it will bring SOME nodes. But nowhere near what your planning because you don't have near enough marketing or miners to do so. Who wants to setup a masternode for a coin when blocks aren't being processed by miners? Or the difficulty is too high because miners left? I myself only run full nodes for Transfercoin. And I do run masternodes for Transfercoin as well. BUT that is my project. I have the funds to run masternode's for other coins but choose not to. Because the payment for running the node doesn't cover the resources used.

You can pick up a vps for $2 these days.

look at the 100 node section on this sheet. As long as its profitable to host a node, people will

https://docs.google.com/spreadsheets/d/1x4KjbxtqGPKghajJb3scJBL6ED3B_CCBbYES6N6CR28/edit#gid=0
legendary
Activity: 964
Merit: 1000
From what i'v been told the team is behind the move and agree it'll be beneficial to Crowncoin.

I can agree that it will bring SOME nodes. But nowhere near what your planning because you don't have near enough marketing or miners to do so. Who wants to setup a masternode for a coin when blocks aren't being processed by miners? Or the difficulty is too high because miners left? I myself only run full nodes for Transfercoin. And I do run masternodes for Transfercoin as well. BUT that is my project. I have the funds to run masternode's for other coins but choose not to. Because the payment for running the node doesn't cover the resources used.
legendary
Activity: 1092
Merit: 1000
All info on development will be updated on here ASAP
hero member
Activity: 1438
Merit: 574
Always ask questions. #StandWithHongKong
I don't have a clue what's going on here.

Me neither  Cheesy

Very strange statements from your "knight".

Still, it looks like you've already decided, so I'll just see how it all unravels.
legendary
Activity: 1092
Merit: 1000
On ignore you go - put a skirt on tonight  Wink a cheap trick in the cryptocurrency world

That's fine.

Thank you for the detailed & mature explanation.


I don't have a clue what's going on here.

Can we keep the conversation to current development? The issue of paid full nodes it hot.
We are very close to agreeing on methods of implementation and i'd like as many people on board as possible.

I'm still unconvinced that adding paid full nodes to Crowncoin is a bad thing. Infact, IMO they will benefit Crowncoin.
From what i'v been told the team is behind the move and agree it'll be beneficial to Crowncoin.

Also with the implementation of paid full nodes, crowncoin will become unique in it's own right. Crowncoin will become the
first crypto currency that has merged mining with bitcoin and masternodes. This will attract new fans and investors, subsequently
making Crowncoin more appealing to merge mine. More pools will pick us up and hashrate will rise.

We will have one unbelievably secure network, with potentially over a P/h of consistent network hashrate and 250 full nodes within 6 months!

How is this bad?

Some speculation on paid full node income

https://docs.google.com/spreadsheets/d/1x4KjbxtqGPKghajJb3scJBL6ED3B_CCBbYES6N6CR28/edit#gid=631622617
hero member
Activity: 1438
Merit: 574
Always ask questions. #StandWithHongKong
On ignore you go - put a skirt on tonight  Wink a cheap trick in the cryptocurrency world

That's fine.

Thank you for the detailed & mature explanation.
hero member
Activity: 1438
Merit: 574
Always ask questions. #StandWithHongKong
The individual under this nickname - iconfirm is a former knight who left the project. He is now very upset he left the project - because he acts before thinking...

Also, he left for a project which wants to integrate crowncoin......and supernodes is a feature that would potentially threaten this integration.

This is the reason why he is against everything the knights decide to do. But he has 0 influence on further development now

Just to be sure everyone here is aware of this fact.


More pools won't bring a substantial amount of full nodes. If every MM pool mined CRW it would add 20, max!


That's not quite true - miners who use merge mined pools would more than likely have their own wallets also. If just one pool had 200 miners, then they would more than likely have a CRW wallet to withdraw their coins to. Times that by 20 (pools) & the number will be far more accurate. Also, p2pool users who merge mine CRW run full wallets.


With masternodes (or whatever we call them) we could be looking at 250 full nodes within 6 months and 500 within 18 months.


Where are you getting this info from?


But until you can come up with a better idea to attract hundereds of full nodes, we're going to keep planning.


We did. More PR & marketing. Get the word out there.

ED: I also think you shaoul add the option in the poll to say no to masternodes (or whatever you want to call them).

What?  Cheesy

First of all - "he" is a "she" as I explained to you earlier.

Secondly, I was & have never been involved in this project. I do however mine it & have done since the coins launch & still run 2 full nodes 24/7.

Thirdly:

Also, he left for a project which wants to integrate crowncoin.

Did I?  Please tell me which project that would be, as I'm not aware of being involved in any projects whatsoever, including this one.

Lastly - asking for the option in your poll to not have masternodes can hardly be described as "against everything the knights decide to do."

I'm a bit confused by your statements actually, & your reasons for posting such untruths.

But hey, it's your coin, do what you want with it.
hero member
Activity: 805
Merit: 500
Hi Infernoman!

Thank you very much for your opinion - I really appreciate it since you are one of the first guys here on this discussion. We are now 70pct inclined towards supernodes for several reasons. I think that crowncoin needs to get out of bitcoin shadow and look for inspiration in other sucessful projects like dash and ethereum. In the long term - bitcoin will be killed by chinese mining pools and we have to learn from its mistakes and be open for new progressive ideas - so the network is not controled by huge pools - but several thousand supernode operators - this is a move towards a more democratic and secure network!

1. Can you imagine you would run a supernode when this gets implemented?

I've been thinking about this, & the more I do, the more I'm inclined to agree with infernoman. PR & marketing is the real issue here, or lack of it.

I know because I'm dealing with the issue myself currently. I'm just trying to provide a bit of insight so that money isn't spent on efforts wasted. Which could also lead to a clouded code base if you have multiple dev's working on it. I don't want to push any buttons at all with anyone. Just trying to help where I can, since I know the team is still putting some effort in and they haven't abandoned the project. PR & marketing is a hard subject for sure. Just make sure to keep at it, and keep trying to find new things.

The reason I say it's a mining issue is that IF more pools add crw. More wallets will come online as well. the market liquidity will rise. And people may want to hold CRW as more of an asset.
legendary
Activity: 1092
Merit: 1000

More pools won't bring a substantial amount of full nodes. If every MM pool mined CRW it would add 20, max!


That's not quite true - miners who use merge mined pools would more than likely have their own wallets also. If just one pool had 200 miners, then they would more than likely have a CRW wallet to withdraw their coins to. Times that by 20 (pools) & the number will be far more accurate. Also, p2pool users who merge mine CRW run full wallets.


With masternodes (or whatever we call them) we could be looking at 250 full nodes within 6 months and 500 within 18 months.


Where are you getting this info from?


But until you can come up with a better idea to attract hundereds of full nodes, we're going to keep planning.


We did. More PR & marketing. Get the word out there.

ED: I also think you shaoul add the option in the poll to say no to masternodes (or whatever you want to call them).

1. Most pool miners won't have a Crowncoin wallet open 24/7/365. Most will send coins straight to an exchange to sell and will never see a qt wallet.
    We need full nodes that are active all day, all year and their sole purpose to be a full node.
    Dash has around 4000 full nodes right now thanks to masternodes. No amount of MM will ever get us to anywhere near 400 let alone 4000.

2. It's speculation. Based on relative comparable marketcap (bitcredits) has a marketcap of $40k and has 250 'basenodes'.
    This is achievable within 6months imo.

3. Again, no matter how much advertising or promo we do, we'll never get the results masternodes will provide.

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