Topic: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN - page 447. (Read 782382 times)

It seams nothing we post is adequate, Why don't you help us out. Create your own proposal for the advertising, then you can handle the advertising aspects for Darknet. As more funds are required, you can submit another proposal with your results from the first funding for the advertising.

FYI; 1.6 btc worth of Advertising is probably not enough for one month let alone a week. But I nominate 'jakiman' to handle the advertising and PR for Darknet. Head on over to Dash and look at what they spend monthly for advertising. I just did, and the spend significantly more than 1.6 btc every month.

Welcome aboard Jakiman!!

Why dont we do a signature campaign?
I have seen it working well for other ICO coins like LISK and WAVES.

It is all based on the available budget at the time the superblock is issued. if there is adequate budget available, they will all be paid. there are no partial payments.

I noticed proposals 'advertising' and 'DecreasePOWSupply' both have identical Blockstart value, even though DecreasePOWSupply is not a budget funding it still declares a 100 DNET payment if Established. if advertising proposal is voted in, will it receive funding as soon as the 100 DecreasePOWSupply 'payment' is sent or will there be an issue from possible timing conflict?

I know that DNET isn't worth a lot "right now" but requiring 400K (1.37% of current coin supply) for only 1 month of advertising seems like heck of a lot to me.
I guess the low price of DNET here is to blame. If you can be transparent about the advertising costs at least, that would help a lot with the voting I think.

I have heard many people suggest we start some advertising, so I will be submitting a proposal shortly to do some test advertising over the next month. I have found a company that does crypto advertising her on bitcointalk, as well as some other popular crypto sites. If anyone has any other suggestions for advertising networks, please PM me.



Proposal for Advertising Costs for Darknet for the month of May 2016;

hash=89f9646972c1b8cb321aebd72c038287ad0ca97ad4ae32f18ca565f6ce879d5a

"mnbudget vote 89f9646972c1b8cb321aebd72c038287ad0ca97ad4ae32f18ca565f6ce879d5a yes" to vote in favor

"mnbudget vote 89f9646972c1b8cb321aebd72c038287ad0ca97ad4ae32f18ca565f6ce879d5a no" to vote against

"mnbudget getinfo advertising” to check the status

>> Sorry, but a vote to hardfork the coin to lower supply, with the end goal of matching "daily buy support", seems incredibly inefficient and shortsighted to me.
Thats how I feel about the whole thing and its a shame I cant vote.

Sorry, but a vote to hardfork the coin to lower supply, with the end goal of matching "daily buy support", seems incredibly inefficient and shortsighted to me. If that's what masternode holders vote for, then I guess that's what they'll get, which is fine.

But think about what you're working toward for a second. The differential that creates the decreasing price of daily buy support is currently from speculators only. There's no major use-case drivers beyond the masternode system decreasing available supply, and PoW mining increasing it. PoW mining supply has outstripped current demand for masternode-creation buying.

Speculators by definition do (or should) not give a shit. They see a potential increase in future value and set buys accordingly. If there is a better deal than DNET, they will pull their bids and the buy support goes away. They are seeking profits irrespective of where those profits will be found.

So given that, why would you cater to the speculators' fickle buy support, which could increase or decrease at any time for reasons completely urelated to DNET, by making fundamental changes to the supply? You want a short-term price bump? You don't like seeing the value of your DNET decrease vs. BTC in the short term? This was the whole point of a full year of PoW: to allow a long period of time for good masternode distribution amongst many discrete individuals. Holders of many MNs early on aren't interested in getting that one extra MN at marginal cost, but new DNET users are interested. Price action SHOULD be a slow, boring decline until we get closer to the transition from PoW to PoS, during which long-term speculators will accumulate at ever cheaper prices alongside the slowing number of new MN entrants.

To be clear, YOU SHOULD NOT WANT A STABLE PRICE until PoS kicks in. From the day of the DNET ANN's posting, this long PoW phase has been priced exactly as it should, given the coin's criteria. This is the predetermined accumulation phase. You should be accumulating, by mining or buying ever more cheaply. Protectionist voting to decrease the PoW emission, in order to preserve the vs.-BTC value of your DNET investment, was an unsound investment decision.

Its not about the price. As an investor I dont want to go through the technical hassle of setting up a master node.
If it was just the click of a button, then I should have, but reading from this thread, I believe its more than that.

Investors are granted voting rights with an investment of 10,000 DNET held as collateral in service nodes that earn a portion of the block reward, as incentive for processing auxiliary services such as instantX or Darksend transactions, as well as any future services integrated into the client software that can make use of the infrastructure.

at this time 10k dnet at the market price of 450sat would be .045btc, or ~21.10 usd

Thats a shame, you should give the investors a chance too

Thats not really manipulating the vote, as that is what people are supposed to be able to do. if you have the necessary amount of coins.

Masternodes are the only ones who can vote.

How do I vote if I dont run a master node?
I bought some coins from bittrex. How do you accomodate my opinions as an investor?

Also allows people to create masternodes just for the sake of manipulating the vote...

Because that is how the proposal system works. nothing can be done about it. It also allows others who are not here to still have time to vote. As well as gives people an opportunity to change their votes...

I think why yes and why no should be argued in short and clear statements so everyone can vote accordingly.

IMHO, for now I think yes,

because at the moment daily buy support is  not enough for miners daily dumping.

So I think it's not about coin number, it's about daily required buy support to keep the price stable.

and there's 2 ways of keeping the price stable;

1-) Lowering the number of darknets mined each day
2-) Promoting darknet more effectively to increase buy support

First way is more doable for now, and first way can be done in two ways;

1-) Lowering the number of darknets that will be mined at the end of pow phase
2-) Keeping the number same but extending the time of pow phase

Summary: daily produced darknets should be lowered to average daily buy support.

another 9 more votes and the amount of yes's is enough to win the vote to change the block reward at current amount of masternodes.

The new wallet software will accommodate for the change in validation of block hashes at a predetermined height whithin the codebase.
Pools running the old software will have to update and when miners are ready they will produce proper hashes at that height,
and wallet users will be able to send and receive valid transactions
Also, see:
https://www.reddit.com/r/btc/comments/3ytdof/eli5_hard_fork_vs_soft_fork/
https://petertodd.org/2016/forced-soft-forks

Mastering Bitcoin Ch. 8 - Mining and Consensus http://chimera.labs.oreilly.com/books/1234000001802/ch08.html#_bitcoin_economics_and_currency_creation

My fault. I thought the fork is when new wallet being released. By transition period i mean time between new wallet release and the block where changes implemented in new wallet take effect.