Topic: [ANN][OC] Orangecoin ★★ POS ★★ Anon Transactions ★★ Masternodes - page 79. (Read 209560 times)

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]

It only takes 5% of fiat withdrawals from banks to crash them. The sooner the better. Long live cryptos (especially OC of course)!

Just saw this when re-reading.. I couldn't agree more!!!!! there will soon be a realization by the mass that fiat has become super inflated. It will most likely be when, people have taken so much money out of the bank to convert it to crypto that the bank dosen't really have the real money to pay the rest of the ppl. I mean could you image what would happen if everyone today just decided to go take their money out of the bank and change it over to crypto? The bank would run out of money in hours!!!! This will raise the value of crypto to the say USD bc it will take more and more of it to buy just 1 BTC. I really feel the $10k coin is coming, hope soon

Hi,  the specifications for Masternodes are being discussed.

The Devs decided to share their thoughts whith the community, before implementing any new specifications.

the number of nodes is not important, 10 was a for instance.
We are trying to discover and fix a total monthly/yearly cost for this method of achieving anon.
This cost should be measured in some amount that can be appreciated (and understood) by the investors.

The 15% plan does not offer this, it promises fixed amounts in OC currency for the next 39 years, while we are all clueless as to what OC will be worth next week.

the question is in 3 parts:

1. how much a month/year do we want to pay for this service

regardless of how many MNs, we need to define X:
$1200/month?
2 btc/month?
1 oz gold/month?
125000 OC/month?

if we make it OC (as in the 15% plan) we lose control of the true equity associated with this figure because compared to the other three OC is an infant.  If OC rises to only half the fame of cousin black we (holders of orange) would be paying over $100,000 a year for this particular method of achieving anon service.

2. in what measure or currency do we contract to pay (with OC at the base of this payment)

i think it has to USD or btc.
OC doesn't work (unless we offer a new price frequently, see below), it's in multi-parley mode, see no. 1 above

3. and for how long do we make these contracts

well the more stable the 'currency of measure (no. 2)' the longer we could guess at what will be reasonable,

historically the dollar is by far the most stable, but going down,
and btc has a bright future, going up
both on the move over a schedule measured in years (which the 15% plan is trying to fix today).

so i think we should offer a new price every month, maybe if we updated that frequently we could even offer and pay directly in OC

btw i think the $ is shit and will turn to zero very soon and suddenly, but this is not relevant to anything else im saying

It has been a great discussion time  

I can't wait for the new structure  and the great Masternodes  

A lot of new investors are watching closely and if things work out OC will have a very bright future.

Funny you ask because I was in the middle getting ready to post this info. I saw the word "contract" and thought it a good time to explain a few things more.

Ok the very rough steps on how you set one up.

- Get a machine with a static ip (Amazon or Digital ocean or other server platform)
- Setup firewall rules (close all ports except 9999)
- Make sure only port 9999 is Open
- Download the daemon
- Use getaccountaddress 0 to get an address on that daemon
- Send EXACTLY 2000 OC to that daemon
- Encrypt the wallet with a strong password, make a backup of the wallet, do not copy the wallet while the daemon is running
- In the conf file add "connect=xxxxxxxx" and "masternode=1"
- Restart the daemon
- masternode start `head -1` (type your password on the next line)

Once your set up the masternode start `head -1` is what locks  your 2000 OC and makes them available for Anon transactions. Also makes the wallet address made by getaccountaddress 0 eligible for reward payouts.

The 2000 OC will be locked and unable to be spent, However if you want to spent them and Stop the masternode its a simple as a Stop command

I'm working on you being able to spent the reward earnings out of the wallet address with out stopping the masternode, More to follow on that.

This was just a rough example and is not the final or may not be the exact way to set the Masternode up, however you guys need to see that you contral when your 2000 OC are and are not Masternodes.  

Buy volume drops . Two-Three weak hands could take  us down to the ground.  

It is time for a clear concept or a multipool.

good questions

deserves some more votes

don't forget about the new poloniex vote if you haven't already, it's just a one time vote so you don't need to keep running back every hour

Sorry for my ignorance of MN, few questions.

What happens if someone doesn't want to be a MN any more, do they get the original 2000 back with any gains, or is that 2000 gone? What is the 'exit' procedure? We'd be able to sell the nodes themselves to each other like on ebay if necessary.

Also, what's the required amount of time (like contract?) needed for a MN?

Voting time 

I understand completely what you are saying.
Paying out compared to other crypto's worth, but in actual OC, would definitely work since they tend to grow and shrink together.

Fiat value is irrelevant. We can't base our crypto's off of fiat much longer, because we would be hurting crypto every time we'd depreciate OC to fit in with fiat. Let the price go up to $4000 for a MN buy-in. The payout would be the same percent as if it were $100 buy-in.


Let me poke your brain for a minute btcmagnet.
Think of crypto as the new USD like this: How many USD can I sell for one OC?
Not like: How many OC can I buy with 1 dollar?

Two similar sentences ending at same result, the exchange of fiat for OC. But with the first way I said it, the buying power is in the OC. And that's what will wake people up and smell the crypto's. ''Who has ever sold fiat before?'' What a silly question right?  Well, the answer is.... every single person who has held fiat. Everytime you buy or pay for something, you just sold your fiat for a good or service. This is how he governments have made us think since the dawn of currency. "buying power'' instead of ''selling power''.

+1 

You mean "pages"?