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Topic: [ANN][CRW] CROWN (SHA256) | Platform | Governance | Systemnodes | Masternodes | - page 85. (Read 316951 times)

hero member
Activity: 896
Merit: 553
80% locked in nodes wow? so is this artificial price then?

if all the rewards start to sell?

30% inflation? 9 block per minute, so what will be the use of nodes after all blocks mined. just the fees for the Dapp?


I don't understand your question.  What do you mean is this artificial price?

Masternode rewards are continually sold on the market by some people...what makes you think that the hundreds of masternode operators are all holding?

Can you tell me where you get the 30% inflation figure from?

Sorry, would love to answer your questions but I don't really understand what you are asking.

15m tokens outstanding. 9 Crown are created every block.
Block time is one minute. 1440 minutes in a day multiplied by 9 = 12,960 per day. 4.7m per year.

4.7 / 15 = 31.3 %
legendary
Activity: 1722
Merit: 1002
Decentralize Everything
member
Activity: 170
Merit: 10
Is current payout for single Tron 4.5 CRW?
legendary
Activity: 1722
Merit: 1002
Decentralize Everything
80% locked in nodes wow? so is this artificial price then?

if all the rewards start to sell?

30% inflation? 9 block per minute, so what will be the use of nodes after all blocks mined. just the fees for the Dapp?


I don't understand your question.  What do you mean is this artificial price?

Masternode rewards are continually sold on the market by some people...what makes you think that the hundreds of masternode operators are all holding?

Can you tell me where you get the 30% inflation figure from?

Sorry, would love to answer your questions but I don't really understand what you are asking.
newbie
Activity: 50
Merit: 0
Just bought some crown. I hope its enough for a service node.
hero member
Activity: 896
Merit: 553
80% locked in nodes wow? so is this artificial price then?

if all the rewards start to sell?

30% inflation? 9 block per minute, so what will be the use of nodes after all blocks mined. just the fees for the Dapp?
newbie
Activity: 38
Merit: 0
One of the nicer looking Anns I've seen!  Wink
hero member
Activity: 805
Merit: 500
There is a decent mention of Crown  in this Institutional Investor article.

Institutional Investor is a fairly grown up niche magazine read by about 100,000 people.

http://www.institutionalinvestor.com/article/3751923/banking-and-capital-markets-banking/a-hackers-guide-to-destroying-the-global-economy.html?ArticleId=3751923&single=true#.WcTIU8h94Rk

Big thanks to Urban_Idler for sharing his views on decentralization before the interview happened.  Inspiring stuff.
interesting read! nice job with the interview stone

Awesome to see Crown talked in reputable investor media! Thank you stonehedge and urban Idler
member
Activity: 63
Merit: 10
There is a decent mention of Crown  in this Institutional Investor article.

Institutional Investor is a fairly grown up niche magazine read by about 100,000 people.

http://www.institutionalinvestor.com/article/3751923/banking-and-capital-markets-banking/a-hackers-guide-to-destroying-the-global-economy.html?ArticleId=3751923&single=true#.WcTIU8h94Rk

Big thanks to Urban_Idler for sharing his views on decentralization before the interview happened.  Inspiring stuff.
interesting read! nice job with the interview stone
legendary
Activity: 1722
Merit: 1002
Decentralize Everything
There is a decent mention of Crown  in this Institutional Investor article.

Institutional Investor is a fairly grown up niche magazine read by about 100,000 people.

http://www.institutionalinvestor.com/article/3751923/banking-and-capital-markets-banking/a-hackers-guide-to-destroying-the-global-economy.html?ArticleId=3751923&single=true#.WcTIU8h94Rk

Big thanks to Urban_Idler for sharing his views on decentralization before the interview happened.  Inspiring stuff.
newbie
Activity: 42
Merit: 0
This is great timing to take risk on this project I hope this will go to the moon.
member
Activity: 63
Merit: 10
Today we had Crown meeting of Czech Community. Thank you to all participans, it was fine Smiley.
Here is the link for photos https://www.zonerama.com/martinfiala81/Album/3751848?secret=mWM2Uo7E2763b108TRaHNjEGs

Maleda thank you for sharing, its awesome to see the Czech community growing in Pardubice and Hradec Kralove region  Wink



great to see a growing community, hope to see more and be able to participate in the future

BTW im the real tommyj1, my other account is in the hands of a russian that needed a sr account
hero member
Activity: 805
Merit: 500
Today we had Crown meeting of Czech Community. Thank you to all participans, it was fine Smiley.
Here is the link for photos https://www.zonerama.com/martinfiala81/Album/3751848?secret=mWM2Uo7E2763b108TRaHNjEGs

Maleda thank you for sharing, its awesome to see the Czech community growing in Pardubice and Hradec Kralove region  Wink

newbie
Activity: 12
Merit: 0
Today we had Crown meeting of Czech Community. Thank you to all participans, it was fine Smiley.
Here is the link for photos https://www.zonerama.com/martinfiala81/Album/3751848?secret=mWM2Uo7E2763b108TRaHNjEGs
newbie
Activity: 30
Merit: 0
SUPER MOON!

haha this is brilliant!

I wish sitonmythrone could be around more, he cracks me up! Cheesy
hero member
Activity: 525
Merit: 510

CRW hashrate reached 1400 ph/s last night

15pct of BTC miners are mining Crown now

That's impressive.. Seems we're in the third spot of most network hashrate: https://www.coinwarz.com/cryptocurrency?sort=hashrate&dir=desc



Basically, if there is not much crown offered to others, im guessing the price can go up really fast since most of it is not being sold. Supply/demand kind of story.

This just got a lot more intresting for me. if this really picks up who knows where it will end!
Something like that, yes. Incentivising people to 'lock' CRW in Trons creates scarcity on the market. This will intensify once Service Nodes are released in the coming weeks/months, allowing people to 'lock' CRW in much smaller amounts.



and yes -- the papers are vague and dated at this point.  but the ideas and principles are genuine and haven't changed -- and the points in the knowledge are all still relevant.

...
Agreed. Once Crown Atomic has been released, are there any plans to rewrite the papers and making them less vague?
newbie
Activity: 25
Merit: 0
newbie
Activity: 50
Merit: 0
I am thinking about buying some coins aswell.
New member on this forum and created an account so i can ask some questions Grin

I am thinking about buying like 100 coins.
Question: can they be ''put to work'' in a service node? I like the idea of mining coins with coins i have.




First of all: welcome!

As of yet, a Tron Masternode can be set up for 10,000 CRW, which will mine approx. 4.5-9 CRW per day. In the future, there will be a second type of node which will require less staking (somewhere in the hundreds of CRW, possibly). Hope that answers your question!
You can also join us at https://mm.crownlab.eu if you'd like more real-time answers to your questions.


Thanks! That does answer my question. Ill probably invest somewhere by the end of this week. The thing that really draw my attention is that about 75% of crown is in trons, which means alot of ppl are holders instead of traders. I believe this will lead to a more dedicated community within crown.

yeah, actually nearly 79pct of all coins are locked in Tron masternodes, which shows exactly what you are saying - a dedicated community who have more long term views and pushes the core team in its effort to create other uses for the Crown platform. Thats basically the aim - Tron operators becoming future internet companies.


Basically, if there is not much crown offered to others, im guessing the price can go up really fast since most of it is not being sold. Supply/demand kind of story.

This just got a lot more intresting for me. if this really picks up who knows where it will end!
member
Activity: 87
Merit: 10
How does it work legally with network interconnections like the internet and these kinds of laws eg https://www.translegal.com/lesson/6024 - could Crown be seen as an ISP of sorts?  Or a similar thing with the big international interconnects of cables and satellites and agreements regarding liability of content and users actions etc.

And who pays for the non-profits to operate, is that a "network service" or is that what the masternodes rewards will be for and node operators pay to set up a template organisation and run it?

I've just read more of the white papers, but it's still not clear to me how the node applications work.  Are they written in a specific language and run on a JIT compiler, or is it more of a Docker or hypervisor environment where there's VMs that do stuff and licence and pay for themselves and their resource usage in Crown?  

Also have you looked at the way SIA coin contracts work between the customer and the storage provider, I think they are bilateral in nature and pretty interesting.  Also the way SIA encrypts content would prevent a storage provider from knowing what was on their hard drives, so they probably couldn't be found liable for a user backing up a copy of a movie.

good questions -- will check out SIA. 

in terms of applications -- just think of the nodes as gateways -- we are just using them to do payment and user management -- treating the blockchain as an open pki... in terms of how the applications will be implemented or provisioned -- there are no specific constraints beyond that a user is functionally signing on to a cloud application.  That application may or may not be provisioned and managed by the masternode.

We have preferences -- ideally people would run open source applications and all the resources would be provisioned by the masternodes... but we also do not believe in telling the node operators how to run their businesses beyond requiring them to comply with the relevant laws.

And yes -- all user data in applications would need to be encrypted at rest with the keys in the possession of the user not the application provider or the node operator.  This is a US legal requirement and I believe also applies in the EU and is just a best practice. 

Hope that answers things.  I'm on cali time and need to crash... feel free to join the mattermost (mm.crownlab.eu) and keep asking questions or offering ideas.  That's how we learn and improve.

g'night!

and yes -- the papers are vague and dated at this point.  but the ideas and principles are genuine and haven't changed -- and the points in the knowledge are all still relevant.

we have learned a lot since last December when most of the papers were drafted...  apologies that their isn't more technical detail yet -- our documentation and specification deficiency is something that a few of the new team members will be able to address.  the new guys just don't quite have the confidence yet to fully assert themselves but I think they will get comfortable soon.

people seem to be thrown by a friendly, relatively humble group of people working on a crypto project and it takes them a while to believe that is actually what's going on...
member
Activity: 87
Merit: 10
How does it work legally with network interconnections like the internet and these kinds of laws eg https://www.translegal.com/lesson/6024 - could Crown be seen as an ISP of sorts?  Or a similar thing with the big international interconnects of cables and satellites and agreements regarding liability of content and users actions etc.

And who pays for the non-profits to operate, is that a "network service" or is that what the masternodes rewards will be for and node operators pay to set up a template organisation and run it?

I've just read more of the white papers, but it's still not clear to me how the node applications work.  Are they written in a specific language and run on a JIT compiler, or is it more of a Docker or hypervisor environment where there's VMs that do stuff and licence and pay for themselves and their resource usage in Crown?  

Also have you looked at the way SIA coin contracts work between the customer and the storage provider, I think they are bilateral in nature and pretty interesting.  Also the way SIA encrypts content would prevent a storage provider from knowing what was on their hard drives, so they probably couldn't be found liable for a user backing up a copy of a movie.

good questions -- will check out SIA. 

in terms of applications -- just think of the nodes as gateways -- we are just using them to do payment and user management -- treating the blockchain as an open pki... in terms of how the applications will be implemented or provisioned -- there are no specific constraints beyond that a user is functionally signing on to a cloud application.  That application may or may not be provisioned and managed by the masternode.

We have preferences -- ideally people would run open source applications and all the resources would be provisioned by the masternodes... but we also do not believe in telling the node operators how to run their businesses beyond requiring them to comply with the relevant laws.

And yes -- all user data in applications would need to be encrypted at rest with the keys in the possession of the user not the application provider or the node operator.  This is a US legal requirement and I believe also applies in the EU and is just a best practice. 

Hope that answers things.  I'm on cali time and need to crash... feel free to join the mattermost (mm.crownlab.eu) and keep asking questions or offering ideas.  That's how we learn and improve.

g'night!
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