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Topic: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN - page 502. (Read 782493 times)

sr. member
Activity: 295
Merit: 250
I was away from my PC for a little more than a day and so much happened Smiley.

Now that DNET is listed on a major exchange, we can use the 1MillionFund for more productive things now, right Dev Smiley

I am confused about cutting the PoW now. If we cut the PoW, this will turn out to be another PnD by whales. If we don't cut the PoW, miners will not let the price to grow, but we will have more distribution. And without PoW, there is no purpose of Masternode, right Sad.
hero member
Activity: 638
Merit: 500
Proposal #2
- Name: PoWRewardReduction2
- Variable PoW block reward reducing by 50 every 50k blocks (approx every 34 days)
- Coin Supply During PoW Phase: 39 800 000

Blocks 1 - 59 200:
POW reward: 250 DNET
Total supply: 14 800 000

Blocks 59 201 - 109 200:
POW reward: 200 DNET
Total supply: 24 800 000

Blocks 109 201 - 159 200
POW reward: 150 DNET
Total supply: 32 300 000

Blocks 159 201 - 209 200:
POW reward: 100 DNET
Total supply: 37 300 000

Blocks 209 201 - 259 200
POW reward: 50 DNET
Total supply: 39 800 000

To vote in favor = "mnbudget vote ce4d6c02169d85bd86eaf7fc545c639093a0ad95891f36d0e9ce90ecc7aabff4 yes"
To vote against = "mnbudget vote ce4d6c02169d85bd86eaf7fc545c639093a0ad95891f36d0e9ce90ecc7aabff4 no"
(use 'vote-many' instead of 'vote' to vote using all your MN at once via controller wallet)

Quote
"PoWRewardReduction2" : {
        "Name" : "PoWRewardReduction2",
        "URL" : "bitcointalk.org/index.php?topic=1262920.msg14082492#msg14082492",
        "Hash" : "ce4d6c02169d85bd86eaf7fc545c639093a0ad95891f36d0e9ce90ecc7aabff4",
        "FeeHash" : "9f818fb33e46ff0e0ff789f1ef677bf1302ce0e7c888ea434b54f0e8cda711c8",
        "BlockStart" : 43200,
        "BlockEnd" : 108000,
        "TotalPaymentCount" : 1,
        "RemainingPaymentCount" : 0,
        "PaymentAddress" : "DMAUefC1YXGtoQDxMxTcHmf9JQUK5MLsa7",
        "Ratio" : 0.00000000,
        "Yeas" : 0,
        "Nays" : 0,
        "Abstains" : 0,
        "TotalPayment" : 10.00000000,
        "MonthlyPayment" : 10.00000000,
        "IsEstablished" : false,
        "IsValid" : true,
        "IsValidReason" : "",
        "fValid" : true
    }

I think i'll support your proposal if nothing more interesting not appears.
hero member
Activity: 638
Merit: 500

so what do i need to do to have more than 1 masternode going??? have more than one computer/raspberry/laptop whatever going all the time??? if so this issue needs be looked into. I have 1 computer and a laptop. I am not leaving the laptop on either.

I know when i did crave masternodes you could run multiple wallets using tor settings for the different ips.
https://my.mp-hosting.co.uk/cart.php?gid=8
hero member
Activity: 728
Merit: 500
can someone do a tor setup guide for mulitple masternodes on same computer. Had ago but must be doing it wrong cus not working.

Nope, because it can't be done. Each Masternode needs its own external IP address on port 51472. You can't have multiple Masternodes on one computer.

so what do i need to do to have more than 1 masternode going??? have more than one computer/raspberry/laptop whatever going all the time??? if so this issue needs be looked into. I have 1 computer and a laptop. I am not leaving the laptop on either.

I know when i did crave masternodes you could run multiple wallets using tor settings for the different ips.
full member
Activity: 154
Merit: 100
ICO DESTROYER NUMBER ONE
Feed me pls
Sell cheaper guys Roll Eyes


Wow 1.39 BTC, you are a real whale  Roll Eyes
Sorry dearie, but i'm not so stupid and never put big buy wall until I do not want to increase the price, i dont need it right now. Buy lower, sell higher Smiley
We need your BIG sell wall. I want more coins too. At this moment I have only 100K coins.
No problem bro, small .16-19 wall special for you, enjoy
hero member
Activity: 555
Merit: 500
how many masternodes on network now
legendary
Activity: 1223
Merit: 1000
Feed me pls
Sell cheaper guys Roll Eyes


Wow 1.39 BTC, you are a real whale  Roll Eyes
Sorry dearie, but i'm not so stupid and never put big buy wall until I do not want to increase the price, i dont need it right now. Buy lower, sell higher Smiley
We need your BIG sell wall. I want more coins too. At this moment I have only 100K coins.
legendary
Activity: 2002
Merit: 1051
ICO? Not even once.
so assuming it went to 18k

a node costs 1.8btc payout 250 coins that 0.04btc currently its cost 0.17btc so i think its an amazing investment. can see this rising

It doesn't matter if one DNET is worth 100 sats or 18k. Regardless of the price masternodes are very profitable because they earn their investment back in 44 days.


Unless of course people succeed to reduce the supply. In that case masternodes wouldn't be near that profitable anymore which means people would not start new masternodes causing worse decentralization/distribution and eventual price decline.

But if the masternode reward won't be cut then their profitability will cause people to buy into the coin to run their own masternodes increasing the price naturally while also helping distribution and decentralization.
hero member
Activity: 555
Merit: 500
so assuming it went to 18k

a node costs 1.8btc payout 250 coins that 0.04btc currently its cost 0.17btc so i think its an amazing investment. can see this rising
full member
Activity: 154
Merit: 100
ICO DESTROYER NUMBER ONE
Feed me pls
Sell cheaper guys Roll Eyes


Wow 1.39 BTC, you are a real whale  Roll Eyes
Sorry dearie, but i'm not so stupid and never put big buy wall until I do not want to increase the price, i dont need it right now. Buy lower, sell higher Smiley
hero member
Activity: 555
Merit: 500
i would advse against it as masternodes payment alongside the tech is attractive. the return on masternodes is good which can only push it higher
legendary
Activity: 1386
Merit: 1000
Feed me pls
Sell cheaper guys Roll Eyes


Wow 1.39 BTC, you are a real whale.  Grin
sr. member
Activity: 392
Merit: 250
People invested in this coin based on the specs that were given at the time. You can't just push significant changes like that driven by greed while ignoring investors and causing poor distribution in the process.
I've invested in this coin and i agree with supply reduction. And you forget that investors aka MN owners will vote.


i agree. the dumpers will overwhelm the market and bear the market.
full member
Activity: 154
Merit: 100
ICO DESTROYER NUMBER ONE
Feed me pls
Sell cheaper guys Roll Eyes
full member
Activity: 201
Merit: 100
DEV
Why submit new block failed? nomp pool, before changing from 250=200+50 to 250=84 + 166 all was working ok, I solo mine. debug.log:

2016-03-04 06:57:09 ProcessNewBlock : ACCEPTED
2016-03-04 06:57:09 Masternode payment to D5VYuy58CEBy3HY8EGgR8isphLqYsU9Uzs
2016-03-04 06:57:09 CreateNewBlock(): total size 1000
2016-03-04 06:57:46 ResendWalletTransactions()
2016-03-04 06:57:56 CMasternodePayments::IsTransactionValid - Missing required payment - D5VYuy58CEBy3HY8EGgR8isphLqYsU9Uzs
2016-03-04 06:57:56 Invalid mn payment detected CTransaction(hash=2cab8220de, ver=1, vin.size=1, vout.size=2, nLockTime=0)
    CTxIn(COutPoint(0000000000000000000000000000000000000000000000000000000000000000, 4294967295), coinbase 032db20004c531d956086000003e9c0000000d2f6e6f64655
374726174756d2f, nSequence=0)
    CTxOut(nValue=200.00000000, scriptPubKey=OP_DUP OP_HASH160 ed782beb62a9)
    CTxOut(nValue=50.00000000, scriptPubKey=OP_DUP OP_HASH160 03de55dc083e)

2016-03-04 06:57:56 ERROR: CheckBlock() : Couldn't find masternode/budget payment
2016-03-04 06:57:56 ERROR: ProcessNewBlock : CheckBlock FAILED
full member
Activity: 129
Merit: 100
People invested in this coin based on the specs that were given at the time. You can't just push significant changes like that driven by greed while ignoring investors and causing poor distribution in the process.
I've invested in this coin and i agree with supply reduction. And you forget that investors aka MN owners will vote.
full member
Activity: 154
Merit: 100
ICO DESTROYER NUMBER ONE
It doesn't matter... Specs and etc.. just only BUY, HOLD and SELL.
Ladies and gentlemen, good morning. This is Captain of the EQUINOX airlines. Welcome on board. We wish you a pleasant flight and we hope to see you again soon Smiley
legendary
Activity: 2002
Merit: 1051
ICO? Not even once.
I'm sorry but cutting PoW rewards from 250 to 50 and masternode rewards to 10 all of a sudden is simply retarded.

People invested in this coin based on the specs that were given at the time. You can't just push significant changes like that driven by greed while ignoring investors and causing poor distribution in the process.

As great this little community started it's not blinded by greed and stupidity.


On another note, do yourselves a favor and ignore equinoxdev.
legendary
Activity: 896
Merit: 1001
I also never liked reducing the max coin supply for the sake of making it more rare.
So this new propoal DOES NOT reduce the number of coins during PoW. Just longer.
Let me know how this sounds. I have not submitted this yet. Just throwing out ideas.

New Proposal

Proposal Name = 50BlockPoW
Proposed Change: Variable PoW block reward reducing by 80% after block 86400.
Reason = It promotes a more stable growth due to less daily inflation, longer PoW for better distribution & healthy trade activity.
Total Coin Supply During PoW Phase: 64,800,000 (SAME!)
Vote Duration: Approx. 10 days (Until block 59200)
Effective Date: Approx. 19 days after vote end. (Start block 86401)

Blocks 1 - 86 400 (56 days)
POW reward: 250 DNET
Total supply: 21 600 000

Blocks 86 401 - 950 400 (600 days)
POW reward: 50 DNET
Total supply: 64,800,000

I like it!
And what do you think on increasing coins limit for masternode? Cause at the end of big blocks, even if 1/3 of all coins will be in masternodes, we'll have more than 700 MNs. To have decent profit from MNs you'll have to hold tenths of them! That means many VPS'es and much confusion.
Maybe 20-30k DNET for 1 MN is better?

I would like to slightly change your proposal

New Proposal

Proposal Name = 50BlockPoW v2
Proposed Change: Variable PoW block reward reducing by 80% after block 86400.
Reason = It promotes a more stable growth due to less daily inflation, longer PoW for better distribution & healthy trade activity.
Total Coin Supply During PoW Phase: 64,800,000 (SAME!)
Vote Duration: Approx. 10 days (Until block 59200)
Effective Date: Approx. 19 days after vote end. (Start block 86401)

Blocks 1 - 86 400 (56 days)
POW reward: 250 DNET
Total supply: 21 600 000

Blocks 86 401 - 518,400
POW reward: 50 DNET
Total supply: 43,200,000

Upon Activation of PoS stage, MN req. increases to 20,000 +





Changing the emission after a coin is launched never works out.  Especially if you change it to the extremes that you propose.  Reducing the POW from 250 to 50 and making masternode requirements double to 20,000 is insane.  The emission was set when the coin was launched.  Leave it alone.  Increasing the masternode requirement is foolish.  It does nothing but inconvenience those already running masternodes.

Leave the damn emission and specs of the coin alone.   
full member
Activity: 154
Merit: 100
ICO DESTROYER NUMBER ONE
Nice dump guys
I suggest you to go .000010 before i'll slowly buy <.000020 wall
Any ideas?


if you really have that much btc, prove it by putting 200 BTC buy wall at 10 satoshi for DNET
then we can all really see if it is real

He is one of the best crypto scammers ever(also maybe involved in edgecoin, mintpal,coinmarket(exchanges) and other terrible scams), i think these 200btc just only a small part of all his bitcoins... I've lost 5.2  btc in EQX and left the crypto for a long time  Cry Undecided
Good morning guys:)
Escrow.pm - One of the smartest btctalk users I've ever seen, thanks for your investment bro Roll Eyes
It's too early morning in St. Moritz
I'll be back a bit later :sleep:
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