Topic: [MOJO] MOJOv3 has been taken over by new devs - page 126. (Read 167315 times)

In my opinion 500k would be to many coins for a masternode that would mean you can only have a maximum of 200 masternodes , dashcoin/darkcoin picked a low number like 1k so they can have a extremely large number of masternodes, cause each masternode helps protect and secure the network, And that's the entire goal
of running a masternode isn't it? I think 50k would be a good number for a masternode that gives you at least 2000 masternodes and gives more people the option to run a masternode instead of 100-200 people..

Let the voting run for another few days, but it looks like 500,000 so we may go with that. We will try to work out some scenarios for how the masternode might work and how the reward system might work and get back with that. At the moment we are busy trying to get the next wallet release out before the end of the ICO.

Agree 100000 - 200000 good price for masternode.

I think less then 100 000 will be great. How about running a masternode with some steps. For example, first year you'll need 50 000, second - 100 000, third - 200 000 etc. Is it possible?

   It not allowed to put your wallet address on here ......pm it to the dev.....

BitSend (Limecoinx)
Total coins: 525M
5000 BSD per masternode
Distribution is very slow - only 240 blocks generate per day
https://bitcointalksearch.org/topic/annbsd-bitsend-online-since-2014-core-017-1370307

DARKNET
supply: 64,800,000
masternode: 10,000
https://bitcointalksearch.org/topic/annpivx-private-instant-verified-transaction-proof-of-stake-zerocoin-1262920

I am investigating cryptos with a masternode system to consider how best to implement it in Mojocoin and I am keen on compiling a list or all ACTIVE coins w/ masternodes.
I am aware of the following active coins that have some sort of masternode system:

DASH
Total supply: 6,291,269 DASH
Needed for masternode: 1000 DASH / 0.016 % of total supply / 13.19 BTC to obtain one / max MN?

Transfercoin (TX)
Total supply: 5,352,870 TX
Needed for masternode: 10,000 TX / 0.19 % of total supply / 0.40 BTC to obtain one / max MN?

Any other ACTIVE coins running a masternode system?

following the DASH model, a MOJO masternode would need 100,000,000 * 0.016% = 16,000 MOJO
following the TX model, a MOJO masternode would need 100,000,000 * 0.19% = 190,000 MOJO

A masternode needs to be relatively prohibitive in price to obtain so ensure that the masternode owners make a worthwhile investment and has a proper incentive to keep running it.

Yeah, of course, sorry.

Before you go on, a wallet in the context of crypto is the software you need to run a node, so you must mean addresses, right?

I am very new to the game and have no programmign skills, so lots of the ideas i have turn out to be old news, impossible or flawed. This may be one of them. I apologize for being so bold.
What i was thinking about were single use wallets, that only allow you to fill them with a certain amount and you can only spend them at once. Think of them as bank notes. Let's say you want to pay 5500 MOJO. You create five 1000 MOJO wallets and one 500 MOJO wallet. So, instead of one transaction, you have six. These six transactions could also go to six wallets on the other end. By sending them through TOR and spreading them over several blocks, ideally being one of many transactions, it should be close to impossible to link those six transactions to a single recipient (that's what i hope, at least).

MASTERNODES
We would like to get some feedback around masternodes. It appears to be a good idea to offer masternodes to reward long term stakers with some minimum balance to stabilise the network. They may also serve additional functions in the future.

So, what would be a fair amount of MOJO to hold and for how long to benefit from a masternode. Also, how many masternodes would there be and what portion of the stake reward is fair.

You are right that the amounts could be traced and there are several proposes solutions to this. You mean something like CoinJoin? I am not sure about the fixed amounts because it would be difficult to make a payment of a specific sum, in fiat money you have pennies as well, right?

What we are thinking about now is Confidential Transactions (https://leastauthority.com/blog/zerocash_and_confidential_transactions.html) where the amount and details of the transaction is only known by the two parties making the transaction but that it can be verified by the network without the network knowing the amount being sent. This is likely to come in the next version.

Once we have the Tor and stealth running, hopefully by the end of next week if all goes well, we will start working on Confidential Transactions (CT). This hasn't really been implemented before and is fairly experimental so there is a balance to be found between running a stable network and extreme privacy.

If the testing of CT works we will implement it and I believe that would make Mojo the most anonymous crypto in the market with CT, stealth and native Tor. We will then have achieved one goal, privacy and we can start work on the next layer.

How does this faucet work? i.e. how frequently can you claim and how much etc.?

Hey, this is an idea i just had and excuse me if it is a stupid one(not a dev), but since transactions can be theoretically traced by the amount sent as well (since this can be a very unique number), how about implementing a feature, that…
1. …allows only fixed amounts of mojocoins to be sent ( such as 10 mojo, 100 mojo, etc., like bank notes)
2. …chops a transaction into multiple transactions consisiting of aforementioned fixed amounts, sent over a longer period of time, i.e. spreading the transation over multiple blocks and maybe even sending them to multiple adresses to prevent tracing… wait, is this mixing?
ok, nevermind…

Mojo Coin Faucet

http://altcoinix.com/faucets/mojocoin

Please Make it Live

What's the optimum output size for staking MOJO?

2nd Block Explorer up: LINK

This is a block explorer from PressTab which has slightly different network stats. It's good to have at least two explorers that show the network in different ways.

ROAD MAP / TECH UPDATE

We are providing you all with our first tech update and the features you will see in the next version of Mojocoin. We are determined to provide you with a crypto that has excellent privacy features and we have started work on the next version of the Mojocoin wallet with this in mind. We can announce:

Native Tor client in the Mojocoin codebase
We have decided to implement a native Tor client in the codebase of Mojocoin such that all the wallets will run Tor as best practise and so that when the old wallets are phased out the whole of the Mojocoin network will run natively using the built in Tor client. We felt that this would increase privacy and provide a better user experience in contrast with the Bitcoin Core 0.12.0 implementation where you need to install Tor along with the wallet software.

Native Stealth Addresses
We are also implementing native stealth addresses which are a modified form of a multi signature transaction, where the receiving address is obscured. When the coins are spent, there's no way to link the UTXO to the originating transaction however complete cryptographic fungibility is retained.

There will be no complicated settings, Tor will run automatically and the stealth addresses will replace the normal addresses so from a user point of view everything appears the same but your transactions will be private.

libsecp256k1
ECDSA signatures inside transactions will now use libsecp256k1 instead of OpenSSL for validation. This means faster transaction validation and block indexing.

...and a slight redesign of the wallet....

EBK1000 is a good developer. I will buy some of this.