Topic: [ANN][OC] Orangecoin ★★ POS ★★ Anon Transactions ★★ Masternodes - page 76. (Read 209560 times)

I understand that Jim Rambler, who has been working hard and good, is a bit pissed off with btcMagnet who always comes out with the same points. Even if, the toughts of btcMagnet might very interesting, he just created an account on the 7th, so btcMagnet as to understand that by such technical points, he should accept that is position is not easy to understand and should try to be more diplomatic.

"the MN-gang is theoretical on my part" lol no kidding, but why throw around and imply negative assumptions like that?  just because you don't feel you've been listened to ?  

 the fact that we're even being let in on this discussion and that it's totally public shows nobody is trying to "dictate" anything. If they were this discussion wouldn't be happening and we would have gotten whatever they decided by themselves.

the dev's can't be expected to please everyone and I am confident their going to do whats best for orangecoin while trying their best to take everyones opinions into consideration.

if your theory on automated bidding or pay adjustments is truly easiest and logical then I'm sure it's being taken into consideration.

Please don't be butt hurt that someone who's only been a participating member of our community since the 7th is being looked at cautiously as someone who may be just trying to stir up sh!t and drag out the conversation longer than it has to be, we were mined on dedicated weren't hiding in some private pool... you could have been part of this conversation from the start like many of us have been. there's lots of manipulative people in crypto that do all sorts of dirty things to hurt or slow down other coins and we have a right to be cautious and skeptical of newbs (most people in crypto have months on these threads not days)

Vote on Poloniex if u didnt yet!

We are all sick of hearing this "paying for" and "$80,000 price tag" these are all numbers and words you have came up with. And you act like they are real, it makes you look like your arguing with yourself. We have decided to borrow this amount of coins from our children to help better the coin and raise the value now. If the original spec said 41 years and not 46 years, I'm sure you would have invested just as much and done nothing diffrent. If your still a stake holder in 41 years, and bitcointalk is still around then we can talk about this more. Do I plan on orangecoin lasting many years past it's 42st birthday? Yes!!! However I also plan on that same day looking back and thinking what a great choose it was to pay for masternodes. Once again if you want to be upset at $80,000 price tag for masternodes then, also be upset about that same price tag being $800,000 (10 time more) for PoS. PoS only allows normal transactions, not running a server with up keep prices and un spendable coins.

the MN-gang is theoretical on my part, i hope they turn out to not exist at all.

But the probability of $80,000.00 plus price tags on this service is a matter of mathematics, not theory.

and it's just way too much, and figures (very soon) to be even more by my calculation,
btw i dont think even the creators of this coin realize its potential.
 
such astronomical overpaying would be an unnecessary drain on the oc economy for decades,
ie we could get the same, and prob better, service with a free market system.  

This principle is basic in all economic systems, and it is being total ignored by these hopeless attempts to divine and dictate the future value of orange.  You can't promise to pay a fixed amount in given currency for the next 45 years without having some clear idea of what that currency will be worth over that span of time.  Orange is going up in serious multiples soon, which makes this blind promise an unbelievably bad deal for the orange community.

so 2000 coins to make a master node? shouldn't you need a larger investment?

I have no intentions on setting up a MN, because I have no experience in the recommended fields. I could learn, I am a sponge, I'm sure the community and devs would assist me but its not necessary unless we need more nodes. So unless there's a ''called upon'' need for me to setup nodes, consider me a back-up plan.

Could the MN-miner gang step up and show themselves  

BTCMagnet I have to admit a few things are too technical for me, but I think that you might be exaggerating a bit with the MN gang !  

well the software does the work in the transpay method im proposing, not you or the devs

in fact trans pay is less programming problems than the 10% plan being proposed (far less intervention in the existing code), not that that is a reason to do it.  Whatever we do should be strictly what is best for orange, our devs are capable of handling anything the community needs im sure.

Thanks for information 

nice buy support comes in again and price climbs 

Good work everybody 

lol Ok there, so 67. a month is a "gross over payment"  ? it's barely enough to entice people to put 2000 coins aside and shell out of their own pocket for servers, and yes if the value goes up it will make it more worth while but will also be partially due to the MN network working well and being stable. so of course people should be rewarded for believing in OC from the start and helping make it work.

so if value sky rockets and the OC in ALL of our wallets goes up in value and the 20% interest we are going to get will be worth that much more, the interest could bring in a sizable income for big bag holders so we better drop the % of pos??

lol sorry man I don't get what your pissed about, or what you think is unfair about early adopters taking the risk and being rewarded for it.

I'm going to start a masternode because I want to support OC and see it do well and I want to participate in it like I have from the start. lol not because I think it's going to be an instant boom and instant crazy profits or anything  lol that would be absurd to think anything is guaranteed in crypto in the coming years.


yes price dips as we hash this out, to be expected from crypto land, some get distracted by hype somewhere else then I'm sure some some sell a few off for trading games to make btc on other coins and prob hope to buy back in before client/node update. with the crazy volume the p'n d'ers get when their pushing a coin for a day or 2 a lot of people flock to make btc trading.

Thanks for all the hard work and hours Dev's

My mind is not made up, nor will it be. I'm a voice for the community, and I back what the community as a whole wants, including you. I agree the Nodes will get paid handsomely, but it's ok for now for the service they will provide. I don't know whats right for OC, but I know whats wrong. I can see how the 3 or 4 scenarios I originally posted 5 days ago could affect the global economics, but this payout per year for the Mnodes is a problem I acknowledge, but can't provide solutions for except bidding like you suggested, but by doing so creates a workload for the devs every few months. So from what I'm inferring is the devs are paying the MN well enough to free up the additional workload. I sure as hell won't be doing these calculations or bidding schedules.

if the rate is too high we simply lower it,
if someone we need isn't getting paid, we pay em.

but you are way intelligent enough to know that already.

so it doesn't really seem like you're trying to grasp this trans-pay method,
is you're mind is already made up?

I agree but in the meamtime volume and prices goes a little down.

Good chance for new investors. Get OC 

We have got great people within the OC community.

It was fair from the Devs to decide to expose plans with such technical question. It was an intelligent way to get people an insight into the Masternodes.

It is  a positive sign that the price stabilized during this period; as it could have gone much more lower since there was a lot of confusion for some people.

This was a very important phase for OC and the right decision to have discussed of all this publicly.

Big thank you to Orangecoin, Halofire and Jim Rambler for all those technical moments and great work 

using tx fees as i stated, will depreciate OC. It would take 4 OC per tx to afford this service, an increase of 40% to our users, same result if we slashed PoS in half. I stated 400% in the past, but OC fees are .1 not .01. Sorry.

Also, what about the blocks that are issued with zero tx? MN wouldn't get paid.

all nodes wouldn't necessarily be used, but if the low bid can't handle the traffic, the software selects the next lowest bid.

This is just a quick sketch of a plan, needs more detail im sure, but the point is we can work out something that discovers and maintains a fair market, and creates a vibrant and generously (not obscenely) paid network.  so if we have to few nodes for instance, we raise the min trans rates, and then bidding takes over again.

http://www.youtube.com/watch?v=T_hBhymFfm8

Exactly why I'm not pretending...