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Topic: [ANN][OC] Orangecoin ★★ POS ★★ Anon Transactions ★★ Masternodes - page 82. (Read 209551 times)

hero member
Activity: 938
Merit: 1000
@halofirebtc
get voting on mintpal, we are 10 votes away from taking the next spot from pinkcoin............  Wink
hero member
Activity: 938
Merit: 1000
@halofirebtc
End PoS early to pay for Mnodes and leave cap at 200 million and leave all other specs the same. This hurts only those people now who would be holding coins for those last remaining years of PoS if they intended on holding the coins for the full 46 years. Price will remain the same, value of what's in circulation remains the same, oc:btc price curve will be on target. This way also benefits no one, versus the select holders if we reduced the cap
This is a good paragraph.  46 years would take the sting out.

It wouldn't be 46 years, that's what it is now. We'd shorten POS to 39-40 years, if this option is chosen.
newbie
Activity: 28
Merit: 0
End PoS early to pay for Mnodes and leave cap at 200 million and leave all other specs the same. This hurts only those people now who would be holding coins for those last remaining years of PoS if they intended on holding the coins for the full 46 years. Price will remain the same, value of what's in circulation remains the same, oc:btc price curve will be on target. This way also benefits no one, versus the select holders if we reduced the cap
This is a good paragraph.  46 years would take the sting out.
sr. member
Activity: 435
Merit: 250
Oangecoin, Halofire, Jim Rambler,

I think you should take a decision. You should discuss all those interesting thoughts and come out with a great structure  Grin
We reduce the coin cap, keep a nice Pos system and have a great Masternodes system. I think we shouldn't compare too much with other coins. As, what is being decided is being talked about, and is not hidden. All those changes are justified and thought about.
The most important is to come out with an attractive and clear structure.

And everybody will find it great Cheesy
hero member
Activity: 938
Merit: 1000
@halofirebtc

Can't believe OC still trading over 500 satoshi at your place! Way to be!  Grin
hero member
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member
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member
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Merit: 10
on what % of trans will ppl will actually need/desire anon?
If this is a fraction, less than 10% why are we paying an arm and leg for 100% anon
when optional would take a fraction of the Mnodes/cost and please as many people?

i mean who cares if the nsa finds out i buy my shorts at overstock

It takes a certain amount of maternodes to make the feature secure. Need a good amount of nodes to be avalible to make it secure, and decentralized. To do this there is a balance, which is what we are all working on to create


Halofire: great point, on my moblie now but will run these numbers soon, Cheers
hero member
Activity: 504
Merit: 500
From Ramblers model: end at year 40 and we are good to go.
From OC's model: Increase schedule to 200 million, not 84.

Only reason I suggested adding the 20-30 million to cap was because we proved slashing everything in half would give same result except giving the holders a 100% increase in value.

Fellow oranges, reducing the cap does more damage than good or is pointless as I pointed out. Our coin would be minted too fast or we'd get too much value too quick - both instances resulting in a 'price catch up' against BTC for the next 20-30 years. It would increase the worth of our coins by too much, but if we must, I think I've found the middle ground....

Reduce cap by 1/3 to 133.33333333 million over '40' years. Gives everyone holding now 33% increase in value to compensate future PoS loss, cut PoS in half allows 83% ROI for the stakers which includes the 33% increase from cap reduction, apply 10-20% for MN 13.3 or 26.6 million which will be worth more since cap reduced. Cap = 133.3333333+13.33333333= 146.66666666 million for (10% MN) coin cap or 133.3333333+26.66666666= 160 million for (20% MN) coin cap. 'price catch up' would be less damaging, but we'd still be behind BTC price curve until BTC is finished mining.

My opinion which I haven't stated yet as to not influence others:
End PoS early to pay for Mnodes and leave cap at 200 million and leave all other specs the same. This hurts only those people now who would be holding coins for those last remaining years of PoS if they intended on holding the coins for the full 46 years. Price will remain the same, value of what's in circulation remains the same, oc:btc price curve will be on target. This way also benefits no one, versus the select holders if we reduced the cap


Understood and I agree. Wink

I like your model and even the mn should get 20%. They are important and should be well rewarded all time. Smiley

hero member
Activity: 938
Merit: 1000
@halofirebtc
From Ramblers model: end at year 40 and we are good to go.
From OC's model: Increase schedule to 200 million, not 84.

Only reason I suggested adding the 20-30 million to cap was because we proved slashing everything in half would give same result except giving the holders a 100% increase in value.

Fellow oranges, reducing the cap does more damage than good or is pointless as I pointed out. Our coin would be minted too fast or we'd get too much value too quick - both instances resulting in a 'price catch up' against BTC for the next 20-30 years. It would increase the worth of our coins by too much, but if we must, I think I've found the middle ground....

Reduce cap by 1/3 to 133.33333333 million over '40' years. Gives everyone holding now 33% increase in value to compensate future PoS loss, cut PoS in half allows 83% ROI for the stakers which includes the 33% increase from cap reduction, apply 10-20% for MN 13.3 or 26.6 million which will be worth more since cap reduced. Cap = 133.3333333+13.33333333= 146.66666666 million for (10% MN) coin cap or 133.3333333+26.66666666= 160 million for (20% MN) coin cap. 'price catch up' would be less damaging, but we'd still be behind BTC price curve until BTC is finished mining.

My opinion which I haven't stated yet as to not influence others:
End PoS early to pay for Mnodes and leave cap at 200 million and leave all other specs the same. This hurts only those people now who would be holding coins for those last remaining years of PoS if they intended on holding the coins for the full 46 years. Price will remain the same, value of what's in circulation remains the same, oc:btc price curve will be on target. This way also benefits no one, versus the select holders if we reduced the cap
hero member
Activity: 504
Merit: 500
Anything with about 80 Mio in 10 years arround would be even ok for me.
Only 84 Mio I am not a fan from this number as mentioned above. Grin
hero member
Activity: 504
Merit: 500
hero member
Activity: 910
Merit: 500
hero member
Activity: 504
Merit: 500

hey what's up guys!
Take a part at our adventure with OC on Kingcoiny.

We have nice orders there > https://www.kingcoiny.com/index.php?page=trade&market=18

The best,
ben

I signed up  Wink
hero member
Activity: 910
Merit: 500

hey what's up guys!
Take a part at our adventure with OC on Kingcoiny.

We have nice orders there > https://www.kingcoiny.com/index.php?page=trade&market=18

The best,
ben
sr. member
Activity: 435
Merit: 250
newbie
Activity: 28
Merit: 0
Yes also I think reducing the PoS % rate after all the advertising amounts to breach of contract with the people that have already invested in OrangeCoin... bad idea, negative PR for the coin.
Adding to the total number of coins dilutes the value of existing coins, another unadvertised reduction in coin value that could result in litigation.  Has anyone considered raising the transfer cost to compensate?
This would seem to be the only way that doesn't renege on promises already made.
one also might consider that optional anonymity would reduced the number of people using expensive methods.  actual need or even desire for anon in practice could easily be 10% or less.  I don't think people who want it will mind paying for it, and even if they do, we are finding out here that in real life anon has a price, which imo should be paid strictly by the people using it.
on what % of trans will ppl will actually need/desire anon?
If this is a fraction, less than 10% why are we paying an arm and leg for 100% anon
when optional would take a fraction of the Mnodes/cost and please as many people?

i mean who cares if the nsa finds out i buy my shorts at overstock
hero member
Activity: 504
Merit: 500
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