Topic: [ANN][OC] Orangecoin ★★ POS ★★ Anon Transactions ★★ Masternodes - page 77. (Read 209551 times)

I use fiat only when necessary, to pay rent or bills. Everything else I buy or will buy with crypto. I'm not pretending if I cast fiat aside as much as I can and use crypto. It's very real.

I understand crypto vs fiat in arenas that ppl on this thread are clearly unaware even exist.

And the reason for expressing amounts in USD is because that is the only way ppl will understand how much the deal stinks.

The reason for not wanting to express this deal in USD dollars is exactly the opposite of above.

btw i realize everyone wants to pretend that fiat isn't currently dominating the planet, but we are all forced everyday to finally figure almost every amount in fiat, if we wish to function in this world.  You want to pretend this isn't true, fine.  Hopefully someday it wont be.

pls build a strong dev team like blackcoin or darkcoin.

when we discussing here, price dropping.

need some big things happen to oc,or some big people jion our dev team.

we can continuously creat some big topics to catch more and more eyes.



i think we need more and more talent guys to join our oc community. that is the most important poin.

sorry but no one running a masternode is making $80k period, end of discussion
forgive me for butting in though if this works like Darkcoin (which doesnt have POS mind you) then:
only one or some masternodes get used per block.  the masternode(s) chosen get rewarded for being masternodes from the miners reward (Pos reward in this case)
every coin created out of thin air to pay POS & MN devalues the coin.  
Coins being used as Masternodes do not stake

current pricing .00000400btc = 1 OC,  marketcap for ~50million coins $148k USD, BTC = ~$640 USD

Scenario 1:   you invest 1btc at current prices and the price stays stable and you run 1 Masternode for 1 year & stake your other coins;

1BTC buys 250k OC, 248k stake, 2k go to masternode.  you get 20% more coins from stake, and 2% from hosting a node
you end up with 297,600 OC from Stake and 2040 OC from being a Masternode = total 299640 OC = 1.19856 BTC or ~767$USD
of which .1904 BTC came from stake, .00816 BTC came from being a node and 1BTC investment is still 1BTC
Profit from Stake & being masternode =$127

Scenario 2:   you invest 1btc at current prices and the price goes up 100x and you run 1 node for 1 year & stake your other coins;
---coins are now worth 40,000 satoshi nearly double BC's current price, market cap is 14.8 Million USD

you end up with the same amount of coins except now they're worth 119.856 BTC or ~76,000 USD
of which 19.04 BTC came from stake, and .8 BTC came from being a node and 1 BTC investment is now 100BTC
Profit from Stake & being masternode = ~$12,700 USD

Scenario 3:  the price goes up 100x and then you invest 1 btc and run 1 node for 1 year & stake your other coins;

1 BTC buys 2,500 OC, 500 stake, 2k go to masternode
you end up with 600 OC from stake and 2040 OC from being a masternode = total 2640 OC
of which .04 BTC came from stake, and .016 BTC came from being a node and 1 BTC investment is still 1BTC
Profit from Stake & being masternode = ~$35 USD

TL:DR
if you buy 1 BTC today and the price goes to half BC's all time high you'd make $512 from being a masternode

The only questionable issue is whether 2% for masternodes comes from the 20% originally slated towards POS rewards, or if an extra 2% per year is created to pay the nodes.
18% POS, 2% MN  =20% year 1 or
20% POS, 2% MN = 22% year 1

the current 148k marketcap has to support 10million new coins or 11 million new coins. 

What's the point of what I highlighted in orange if all the nodes get paid regardless whether they get used or not?

Sry OC but my problem is... i do understand

knowing there is little hope here, i've reposted an alternate plan you may not have seen, since none of the MN-miner gang cared to comment on it (can't imagine why)
----------------------------------------------------------------
maybe we are doing this the hard way
maybe we can install a market discovery system in the software

suppose we just charge by transaction (we have to pay for it somewhere you know).
We provide the MN clients with a bid line and maybe even a visual cue (to see other MN bids)

with bids specifying:
 
minimum trans charge and
% rate for trans over the minimum.

wallets could be programmed to use the lowest priced available MN.
trans traffic could be rerouted (to pay more) if availability problems arise
anxious senders could offer tips for faster service

In others words try to create conditions that allow free trade for this service, as oppose to trying to dictate parameters, which btw never works.

and we leave everything else as is.

[or maybe something like this that nails the real market,
we are getting nowhere trying to guess at it prices years from now,
hell we don't even know what it's worth today yet.
we are trail blazing here, and i think we need a whole new map]

First off, I have no intentions of setting up a MN. I'm trying to find a middle ground that satisfies all parties, since we weren't given the option of whether we want MN or not. Whether or not you believe me, well, that's on you.

What would be your solution to pay for these? TX fees? So the cost per person per tx goes up? The TX fee would need to equal 4 OC by jim's expanation a few pages back. that's a 400% increase, which cant be limited per tx either. Slashing PoS in half reduces EVERYONES returns by 50%. Adding 10% to cap inflates the currency by 10%.

We wont be paying a quarter million for MN's in fiat or gold or cardboard or gains of sand. get past that. BTC's or crypto ONLY, where the values are determined by the free market. 5 BTC will always be worth 5BTC and the OC curve will reflect that, no matter what gold or paper is worth. Yes, MN will be worth millions in fiat, but who's going to pay that? No one, because fiat will be a joke at that point. Either cash in your fiat now, or be left behind. Your way of thinking will not allow crypto to realize its potential. Crypto HAS to be worth more than any fiat or gold or whatever, to fulfill it's destiny. Embrace or again, get left behind.

Orangecoin Official Masternode Specifications Presentation.


After many hours spent listening and talking to the community it is officially announced that Masternodes will pay 10% on top of the POS rate, with those coin coming from the final years from 45 down to 41.

Please view the presentation and understand we must move forward with the code.

I'm concerned with gross overpaying like any business man must be.

I wont be buying any MNs, i view all this as bankster class behavior,
and i don't participate in their bs either.

hmmm... here is one you may not have thought of:
consider that in a couple of years ppl may be paying a quarter mil or more for this 2-bit service,
then they will look back on this thread and see who set it up, they'll see my posts and all these figures you are agreeing to.

but im no fool, i know you guys are going to do this no matter what i or anyone says
only OC can save orange now from this crippling edict

Ddos isn't necessary if you are able to restart your server/node immediately after an attack. But are you able to stand by your computer for days? DDOS protects your server from this and ensures your node stays up and provides that security of knowing the node is safe to the network. Your server if used for anything else woud be affected by such an attack since ddos attacks go for the entire server, not the part with the node.

One does not simply discuss more than the name of the coin on forums 

$80k will be divided among all the Mnodes in year 1. Yes. It's incentive to get nodes up and running and permanent. It's the pay of one person in real life, that we are splitting up for, say, 100 nodes. $800 per person  per year 1....  $67 per node per month. It's worth it to get the price up to pay next year's nodes.

If you are concerned with ppl getting overpaid, then buy some nodes
If you are concerned with dilution, buy some nodes to increase your returns to afford the dilution.

Going up dramatically? I don't think we even reach 1 cent by the end of the year.

first i don't care if you stop replying to me, you don't address my concerns anyway.

second none of what you say above justifies overpaying on this absurd scale.

third the only ppl talking on this thread besides me are obviously planning to set up nodes, their objectivity is questionable at best.

finally you can't set up a 45 year payment plan in a currency that you know will go up dramatically, but dont know how high; unless you are one of the ppl getting paid by this plan, then this absurd idea would make sense to you.   Which is what we so obviously have here.

Hi Jim,
First, I hope you  did not take it personnaly. I am sure you have been working hard and this is great to ear. I just thought after 4-5 days of discussion we should have made a different announcement, with more infos inside.
Our understanding is depending on the info we get. There, are others out there and I do not want them to lose track or faith.
Especially when something great will soon come out.

Best wishes and thank you for your hard work 

Ok we will go over this one more time for you then of you still don't understand then, I will be forced to take a step back from replying to you. I will try my best to remain available today for the rest of the community, I'm on my mobile that's why I say try.


Ok the MN reward will be set at a constant 10% of the PoS reward. That will allow for a 10% growth in the number of MN with every growth in Total coins in circulation. So that MN have the proper amount of coins held in them to keep it all secure. Now does this mean as the coin price raises so does the value of the MN reward? YES!! What it also means it the value of your wallet grows, and the value of the PoS rewards grow. The more coins in circulation the more coins needed in masternodes, which is controlled by the reward amount increasing allowing more masternodes to open. This is done on a small constant 0.25% by year 4.

i have said nothing here to detract from oc value, while other have suggested destructive things i wont even repeat.

but maybe if you succeed in discrediting me you can go back to the 20% plan.

well with black at 16 cents a coin, even if Orange does only half as well:
this 1st year of 1 million coins in your 10% plan will cost the holders $80,000 worth of Orange.  
Just wondering what it will cost to operate a MN?  Maybe what... 100 bucks a year?
(not counting investing in OC since that is not an expense but a wise investment which creates a tangible and liquid asset)

The 20% plan that this MN-miner gang tried to get ratified would have cost investors $160,000 a month, instead of the $80,000 a month we are being threatened with now.
[math below]
(Personally i think oc will do far better than half of black.)

$0.16 div 2 = $0.08 x 1000000 OC = $80,000

anyway i don't think it is up to you, or these other... all trying to set up a string of cash cow MNs before anyone besides me actually understands these numbers. We can only hope that whoever finally runs the show here has more long range biz sense than to litter orange with a 45-year string of 24/7 blood-sucking honey pots, regardless of what other coins have done or what this gang of MN-miners want.

Guys try and understand that the last 5 days I have gotten 13 hours of sleep trying to keep up with a 24hr running forum. Me and Oarngecoin have shared the same views and communicated with each other. I have sent him a message to update the main page, and when he wakes up I'm sure he will. However nothing will be changing until Masternodes are up, and that won't be for a week or so. I'm not going to promise a date yet, their is testing and more work still before I can promise a date that I feel IS true. The closer we get to it working the more we will update this.