let me guess, you have nodes but you don't mine right?
i wrote in previous message that i am miner (mainly) and also i have coins prepaired for secure nodes... i'd like that zencash be like dash or even better coin, thats why i write where i see problems and noot good decisions.
Dash has 45% to miners/ 45% to masternodes. People who invest in masternodes (secure nodes) usually invest long term... with miners it depends but because of for navidia cards zencash is profitable then many use this coin only to make $ fast (so mine and sell zencash asap = problem with all the time dumps). Zencash should be still profitable for mining but take some % from mining and give it to secure nodes and marketing is the smartest thing to do now.
3,5% for secure nodes is joke and not good idea because coins invested in secure nodes are "off" the market and it is good for zencash to have many and stable secure nodes also because of this /not only to secure network (less coins for sell, easier to increase zencash price)
Every time the price is trying to move up someone dumps it down again. Is there someone trying to keep zen down maybe?
Yes this somebody has a name "no marketing" and not smart % for secure nodes... too many % for miners (88%), too small for secure nodes (3,5%).
Dash is sucessfll and have 45%/45% so zen also should change it - min 10% for secure nodes should be to be stable and profitable for longer time. Now probably is too many miners which dump coins fast after mining.
If i can suggest something to zencash. Change white paper asap.
- miners 70% (18% less then now)
- secure nodes 15% (11,5% more then now)
- marketing 6,5 (6,5% more then now because in white paper there is no such thing... and this is one of the most important thing here and now to make zencash more popular!)
PBC could change zencash price 300%-400%... and zencash team alone can't change price since very long time - even secure nodes (so one of the biggest news/change for each coin) are on mainnet... because there are no marketers/smart marketers in the team
That's why it is the most important to make % only for marketing. (in the future there should be also few % for bulding tools for secure nodes to go to mainstream with zencash)
It the end then zencash will be much more stable, safe and value will be much higher then now. Marketing gives value to the coin, then also it will be more profitable for miners and secure nodes... zencash will be more popular and budget for marketing will be also higher each month (popularity, coin value, profit for miners, secure nodes will rise)
ps. i am miner and i have also coins prepaired for secure nodes
You can post your opinion here:
https://forum.zensystem.io/t/ideas-bucket/810As i talked about this earlier this is inicional start and some things can and will be changed over time as response on feedbacks from system. All good ideas and feedbacks will be taken in consideration by the wider community.
Thanks for this post, we all want to improve this system, and we are giving our best to acomplish this, but it is too early for conclusions.
i wrote there many times (also by email to zencash), i also wanted to spend 3 months from my life working for zencash (
my proposal) but nobody care there about marketing and new ideas. I am 100% sure that my ideas, smart sharing suggestions, give authority to zencash could make more vaalue for price then 10 conferences (evan i am not native english speaker). If some people will also help - we could easly catch monero, zcash and other privacy coins.
You have great team but you forgot about the most important thing - marketing, thats why now we have secure nodes and still nothing changed with price and there is no vision to change it (thats why i use my free time to write here or on your forum)
Palm Beach Confidential signal made +300-400% price for zencash (and bring many people, long term investors here)... most of the coins reach last weeks +100-300% ... zencash nothing changed! and still you did not learn anything
You need to have budget for marketing and use it smart because only info on your own social profiles + conferences is not enough... You need other marketing also (more effective), you have sometimes here great content... but not shared, promoted is not properly used.
See dash price and jump - PBC signal about Dash on May 25 ($140)... and second time November 20 (about $400) - see what is then from this date with price... what can make marketing with coin... we should know it also in zencash because PBC also send signal about zencash October 21... but even such great oportunity team don't want to use to make bigger marketing boom. You have no other ideas for marketing yet so why not now use such great oportunity... Zencash price can be $100 or more easly in few months if you hire few smart people for marketing team and help people to help you with marketing. Thats why i suggest to make 6,5% for marketing and each month hire additional freelancers or people interested in zencash value... to spread the world info about zencash. There are 2 people (from Kenya, Japan) on the forum who sent proposals... why not fund them 10 or other amount of zencash (pospaid for job if they reach milestones) so they can start work for zencash and our success (for team, for miners, for secure node owners).
It is really easy but you have to think about marketing now, not after next 6 months because then 50 other coins will be more powerfull and for zencash will be much harder to reach zcash, monero etc level (they do not need such active marketing now because people know such coins...zencash is yet much more less popular so need 500% more work to catch most popular coins). We need to talk about zencash everywhere, especially in social media where are thousands of people (also share there info about pbc because it is the easiest and most effective way for marketing now).
Start active marketing, share pbs signal and the price will be much higher very fast... then even will be less % for miners, still be good $$$ because price will increase. Each month will be better and better but you need synergy with effective marketing plan!
We also need new exchanges because now only bitterex is interesting (what will be with coin of something goes wrong with bittrex?). You probably have no $$$ to invest in new exchanges and also exchanges not so very interested in this coin (not so popular yet). Thats why you need to make few decisions, changes in white paper (%) and start real marketing to make zencash much more popular and known.
Next months probably will be huge for crypto, we need to be very active next months to catch top25 coins.
Good luck and if you need my help or something, i am ready!
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ps. one more idea yet... if you do not want to change 42 coins for node - maybe it will be good for everybody (zencash value) to make dynamic increase amount of coins for secure nodes. You can make very easy algo to see that in for example January 2018 each node (100% online) can make for example 1 zencash coin. Maybe will be good to take/move 50% from this reward and increase amount for secure nodes from February to 42,5, on February each 100% online secure node will make for example 2 zencash coins so from march min for secure node will be 43,5 coins etc
It will make less dumps and owners (secure nodes) still will have 50% reword to pay hosting etc. if value of coin will be higher then profit will be ok even there will be 5k nodes or more. Min requirements (number of coins only) for secure nodes will slowly grow.