[ANN][CRW] CROWN (SHA256) | Platform | Governance | Systemnodes | Masternodes | - page 235.

IconFirm

hero member

Activity: 1438

Merit: 574

Always ask questions. #StandWithHongKong

Quote from: defunctec on June 03, 2016, 02:19:30 PM

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.

Quote from: defunctec on June 03, 2016, 02:19:30 PM

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?

Quote from: defunctec on June 03, 2016, 02:19:30 PM

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).

defunctec

legendary

Activity: 1092

Merit: 1000

Quote from: infernoman on June 03, 2016, 09:19:20 AM

Quote from: IconFirm on June 03, 2016, 07:26:16 AM

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.

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

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

We're currently talking to another developer of another coin to discuss adding masternodes.
He has his own thoughts on how masternodes should operate.

Once we have everything agreed, i'll come back to the community.
But until you can come up with a better idea to attract hundereds of full nodes, we're going to keep planning.

infernoman

legendary

Activity: 964

Merit: 1000

Quote from: IconFirm on June 03, 2016, 07:26:16 AM

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.

IconFirm

hero member

Activity: 1438

Merit: 574

Always ask questions. #StandWithHongKong

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.

defunctec

legendary

Activity: 1092

Merit: 1000

Quote from: infernoman on June 02, 2016, 01:20:19 PM

Quote from: defunctec on June 01, 2016, 03:09:23 PM

Quote from: infernoman on June 01, 2016, 09:56:43 AM

Quote from: defunctec on June 01, 2016, 03:23:37 AM

Quote from: infernoman on May 31, 2016, 02:55:02 PM

Quote from: crowncoin_knight on May 28, 2016, 06:41:43 AM

It would be good if more people here could share their opinion on the distribution share to supernode operators and vote!

Quote from: defunctec on May 24, 2016, 02:13:23 PM

Poll has been reset, please select 3 option from the list

https://bitcointalksearch.org/topic/m.14941115

Personally I don't support it at all. And there is no option for that.

What would you suggest?

If the community isn't behind this 100%, i wont go along with it.
We need as many people as possible to be in support of masternodes for it to work.

The reason I don't support it fully is that, you already have merged mining support and from that you should be bringing in enough dedicated nodes. Try contacting some merge mining pools to get crw added. Possibly offer them a bounty to do so. But so far the crown network has been strong. It's mining that's the issue. And trying to solve a mining issue with more nodes, by bringing in masternodes doesn't affect that issue much, if at all.

Merged mining has yet to contribute a large amount of full nodes to the network, from what i can tell we're currently running on bare bones full nodes.

I asked around at merged mining pools and the general response was "not enough liquidity/support".

Sorry what's the issue with mining?

Sorry to clarify myself a bit more, the issue is that there isn't enough people mining. And using masternodes to solve this issue doesn't affect it much if at all. If the mining pools say there isn't enough liquidity for them to dump. Provide some it doesn't have to be a LOT. But helping to provide liquidy on the market would be a good thing. Even setup a bot to do some legitimate buying/selling instead of faking the liquidity and buying/selling to yourself. Start with the smaller pools first. Ones that have multiple merged mining coins on the pool already. And would be easy for the operator of the pool to add CRW.

Im not trying to solve any mining issues. Crowncoin has merged mining for that.
Im looking at the full node issue.

Getting more people to mine crown won't affect full node numbers much, adding basic nodes on the other hand will.

infernoman

legendary

Activity: 964

Merit: 1000

Quote from: defunctec on June 01, 2016, 03:09:23 PM

Quote from: infernoman on June 01, 2016, 09:56:43 AM

Quote from: defunctec on June 01, 2016, 03:23:37 AM

Quote from: infernoman on May 31, 2016, 02:55:02 PM

Quote from: crowncoin_knight on May 28, 2016, 06:41:43 AM

It would be good if more people here could share their opinion on the distribution share to supernode operators and vote!

Quote from: defunctec on May 24, 2016, 02:13:23 PM

Poll has been reset, please select 3 option from the list

https://bitcointalksearch.org/topic/m.14941115

Personally I don't support it at all. And there is no option for that.

What would you suggest?

If the community isn't behind this 100%, i wont go along with it.
We need as many people as possible to be in support of masternodes for it to work.

The reason I don't support it fully is that, you already have merged mining support and from that you should be bringing in enough dedicated nodes. Try contacting some merge mining pools to get crw added. Possibly offer them a bounty to do so. But so far the crown network has been strong. It's mining that's the issue. And trying to solve a mining issue with more nodes, by bringing in masternodes doesn't affect that issue much, if at all.

Merged mining has yet to contribute a large amount of full nodes to the network, from what i can tell we're currently running on bare bones full nodes.

I asked around at merged mining pools and the general response was "not enough liquidity/support".

Sorry what's the issue with mining?

Sorry to clarify myself a bit more, the issue is that there isn't enough people mining. And using masternodes to solve this issue doesn't affect it much if at all. If the mining pools say there isn't enough liquidity for them to dump. Provide some it doesn't have to be a LOT. But helping to provide liquidy on the market would be a good thing. Even setup a bot to do some legitimate buying/selling instead of faking the liquidity and buying/selling to yourself. Start with the smaller pools first. Ones that have multiple merged mining coins on the pool already. And would be easy for the operator of the pool to add CRW.

defunctec

legendary

Activity: 1092

Merit: 1000

Quote from: infernoman on June 01, 2016, 09:56:43 AM

Quote from: defunctec on June 01, 2016, 03:23:37 AM

Quote from: infernoman on May 31, 2016, 02:55:02 PM

Quote from: crowncoin_knight on May 28, 2016, 06:41:43 AM

It would be good if more people here could share their opinion on the distribution share to supernode operators and vote!

Quote from: defunctec on May 24, 2016, 02:13:23 PM

Poll has been reset, please select 3 option from the list

https://bitcointalksearch.org/topic/m.14941115

Personally I don't support it at all. And there is no option for that.

What would you suggest?

If the community isn't behind this 100%, i wont go along with it.
We need as many people as possible to be in support of masternodes for it to work.

The reason I don't support it fully is that, you already have merged mining support and from that you should be bringing in enough dedicated nodes. Try contacting some merge mining pools to get crw added. Possibly offer them a bounty to do so. But so far the crown network has been strong. It's mining that's the issue. And trying to solve a mining issue with more nodes, by bringing in masternodes doesn't affect that issue much, if at all.

Merged mining has yet to contribute a large amount of full nodes to the network, from what i can tell we're currently running on bare bones full nodes.

I asked around at merged mining pools and the general response was "not enough liquidity/support".

Sorry what's the issue with mining?

infernoman

legendary

Activity: 964

Merit: 1000

Quote from: defunctec on June 01, 2016, 03:23:37 AM

Quote from: infernoman on May 31, 2016, 02:55:02 PM

Quote from: crowncoin_knight on May 28, 2016, 06:41:43 AM

It would be good if more people here could share their opinion on the distribution share to supernode operators and vote!

Quote from: defunctec on May 24, 2016, 02:13:23 PM

Poll has been reset, please select 3 option from the list

https://bitcointalksearch.org/topic/m.14941115

Personally I don't support it at all. And there is no option for that.

What would you suggest?

If the community isn't behind this 100%, i wont go along with it.
We need as many people as possible to be in support of masternodes for it to work.

The reason I don't support it fully is that, you already have merged mining support and from that you should be bringing in enough dedicated nodes. Try contacting some merge mining pools to get crw added. Possibly offer them a bounty to do so. But so far the crown network has been strong. It's mining that's the issue. And trying to solve a mining issue with more nodes, by bringing in masternodes doesn't affect that issue much, if at all.

defunctec

legendary

Activity: 1092

Merit: 1000

Quote from: infernoman on May 31, 2016, 02:55:02 PM

Quote from: crowncoin_knight on May 28, 2016, 06:41:43 AM

It would be good if more people here could share their opinion on the distribution share to supernode operators and vote!

Quote from: defunctec on May 24, 2016, 02:13:23 PM

Poll has been reset, please select 3 option from the list

https://bitcointalksearch.org/topic/m.14941115

Personally I don't support it at all. And there is no option for that.

What would you suggest?

If the community isn't behind this 100%, i wont go along with it.
We need as many people as possible to be in support of masternodes for it to work.

infernoman

legendary

Activity: 964

Merit: 1000

Quote from: crowncoin_knight on May 28, 2016, 06:41:43 AM

It would be good if more people here could share their opinion on the distribution share to supernode operators and vote!

Quote from: defunctec on May 24, 2016, 02:13:23 PM

Poll has been reset, please select 3 option from the list

https://bitcointalksearch.org/topic/m.14941115

Personally I don't support it at all. And there is no option for that.

crowncoin_knight

hero member

Activity: 805

Merit: 500

It would be good if more people here could share their opinion on the distribution share to supernode operators and vote!

Quote from: defunctec on May 24, 2016, 02:13:23 PM

Poll has been reset, please select 3 option from the list

https://bitcointalksearch.org/topic/m.14941115

defunctec

legendary

Activity: 1092

Merit: 1000

Poll has been reset, please select 3 option from the list

https://bitcointalksearch.org/topic/m.14941115

defunctec

legendary

Activity: 1092

Merit: 1000

Quote from: IconFirm on May 23, 2016, 11:30:44 AM

Quote from: defunctec on May 23, 2016, 10:47:22 AM

Quote from: IconFirm on May 23, 2016, 03:31:17 AM

Quote from: crowncoin_knight on May 23, 2016, 03:02:20 AM

Anybody else likes the masternode idea? Wink

Will the coin still be merge-minable? If so, yes.

Yes absolutely, merged mining is a corner stone of Crowncoin and its security.

The only difference is 50% (yet to be decided) of coinbase reward will go to full node operators meaning merged mining will only generate half the coins it used to
and the other half going to masternodes.

I think 50% is excessive. I also think that all mined blocks should have a percentage paid to masternodes, not just merge mined blocks. The majority of miners are merge mining CRW, so halving the reward for the majority seems a little unfair & is almost forcing them to run a masternode to earn the same amount. How about a percentage of Tx fees going to masternodes as well as a smaller % for every mined block?

Sorry, every block mined, regardless of merged mined, solo mined or pool mined will be split.

I personally feel the addition of Basic nodes will provide equal or more value to the network than mining does, therefor 50% seems fair.

But please vote on the poll, cheers

https://bitcointalksearch.org/topic/m.14941115

defunctec

legendary

Activity: 1092

Merit: 1000

Here's a quick look at the potential viability of Basic nodes

https://docs.google.com/spreadsheets/d/1x4KjbxtqGPKghajJb3scJBL6ED3B_CCBbYES6N6CR28/edit#gid=1746240759

IconFirm

hero member

Activity: 1438

Merit: 574

Always ask questions. #StandWithHongKong

Quote from: defunctec on May 23, 2016, 10:47:22 AM

Quote from: IconFirm on May 23, 2016, 03:31:17 AM

Quote from: crowncoin_knight on May 23, 2016, 03:02:20 AM

Anybody else likes the masternode idea? Wink

Will the coin still be merge-minable? If so, yes.

Yes absolutely, merged mining is a corner stone of Crowncoin and its security.

The only difference is 50% (yet to be decided) of coinbase reward will go to full node operators meaning merged mining will only generate half the coins it used to
and the other half going to masternodes.

I think 50% is excessive. I also think that all mined blocks should have a percentage paid to masternodes, not just merge mined blocks. The majority of miners are merge mining CRW, so halving the reward for the majority seems a little unfair & is almost forcing them to run a masternode to earn the same amount. How about a percentage of Tx fees going to masternodes as well as a smaller % for every mined block?

defunctec

legendary

Activity: 1092

Merit: 1000

I made a poll to get a better picture of what everyone would like to see

Please vote Cool

https://bitcointalksearch.org/topic/m.14941115

defunctec

legendary

Activity: 1092

Merit: 1000

Quote from: IconFirm on May 23, 2016, 03:31:17 AM

Quote from: crowncoin_knight on May 23, 2016, 03:02:20 AM

Anybody else likes the masternode idea? Wink

Will the coin still be merge-minable? If so, yes.

Yes absolutely, merged mining is a corner stone of Crowncoin and its security.

The only difference is 50% (yet to be decided) of coinbase reward will go to full node operators meaning merged mining will only generate half the coins it used to
and the other half going to masternodes.

In the long run the whole network should benefit from more full nodes and probably become much more valuable as a result, negating any losses in amount of crowncoin that are mined.

Hope you can stick around and run a couple of our proposed 'basic nodes'.

I'll start putting some figures together on excel to show the potential of this implementation Grin

IconFirm

hero member

Activity: 1438

Merit: 574

Always ask questions. #StandWithHongKong

Quote from: crowncoin_knight on May 23, 2016, 03:02:20 AM

Anybody else likes the masternode idea? Wink

Will the coin still be merge-minable? If so, yes.

crowncoin_knight

hero member

Activity: 805

Merit: 500

Anybody else likes the masternode idea? Wink

Quote from: TimC on May 20, 2016, 07:30:55 AM

Quote from: crowncoin_knight on May 20, 2016, 06:57:26 AM

We are analyzing this and we would like to go ahead. Discussion with the dev going on right now.

Quote from: defunctec on May 18, 2016, 08:49:18 PM

Progress update

I'v been in contact with a developer of another coin. He's interested in implementing a basic form of Masternodes
for Crowncoin. This could be a great step for CRW and add long term stability to the network.

Why I think we need "Basic Masternodes"

Basic Masternodes are like Dash Masternodes but without coin mixing and transaction locking, basically just paid full nodes.
Miners and "Basic Masternodes" get a split of coinbase reward, thats it.

This hopefully will add many more full nodes to the network and improve security.

However, a bounty must be paid and funds must be raised by the community.

If Crowncoin's knights are willing to back this project, then please contact me

If the coin forks to have MasterNodes I'll run one.

defunctec

legendary

Activity: 1092

Merit: 1000

Quote from: e1ghtSpace on May 22, 2016, 04:37:34 AM

Quote from: NoobKidOnTheBlock on May 11, 2016, 12:21:55 PM

Everyone should be buying CrownCoin if they know what is good for them Wink

Hey man,

Haven't seen you in a while. What coin did we both support before?
Eh can't remember.

Anyway, glad to see you here. Cheers.

Noobkid graced us over in SPR Tongue

Topic: [ANN][CRW] CROWN (SHA256) | Platform | Governance | Systemnodes | Masternodes | - page 235. (Read 316957 times)