Topic: Nexus - Pure SHA3 + CPU/GPU + nPoS + 15 Active Innovations + More to Come - page 190. (Read 785514 times)

Please VOTE ,

http://cryptofolio.info/welcome/vote/

I also want nothing to do with facebook.

You don't always have to like something, to be a part of something.

I don't do facebook and have no intention of ever signing up for an account.

Exactly.  Some people are more easily reachable on Facebook and to be honest, I don't think here is always the best place for discussion personally.  We have a Slack Channel that we will be opening up shortly to the Community and folks who want to be more deeply involved with advancing Nexus. 

At the time of his posting, it was like a live chat.

16 Years is a very long time, and worrying about 100 years out? I think anything 5% and under annually should be fine. If there is also some POW, maybe lower it slightly. The balance is to have enough incentive to bother staking, but not so much that it grows out of control quickly. Doubling in 16 years isn't growing out of control quickly. Once it gets around 10% then it starts to get out of control too quickly IMHO.

I am part of that group and its even more dead than here.
Why don't you address our concerns here?

Masternodes can enable some additional features such as validate certain transactions instantly, or perform additional network relay function...  Or is this already essentially what trust keys will enable staking nodes to do so as to equal the playing field for all node operators (not just rich ones)?

It is in fact very difficult to control exact number of coins mined via PoS due to the number of variables. For arguments sake you can't simply specify 100M max coins as you could with pure PoW by specifying an end block. You also can't know how many coins will actually be staking the exact interest rates each staking wallet has or how frequently a wallet will be on for staking (this is more so after 21day trust keys).

coin emison is controllable by idea of developer. Idea is implementing in specification
. number of coins, reward per blok, pow + pos, only pow, only pos, pow +pos + premine etc, premine for giveaways, no premine, airdrop ....
at the end coin emision is coin emision,
community make decision from specification, ( read developer )
I im in or out.

Main difference is coin emission thru mining is very controlable vs PoS.

Good feedback, thank you everyone  

If you would like to be a part of the discussion on Facebook concerning how I am going to Open Source, leave your responses here:
https://www.facebook.com/groups/1562975960652250/1635208963428949/

If you're not part of the group, I'll approve you.

Thank You,
Viz.

I'd rather see a faster ramp up to 3% than 5% over a year, just my personal preference.

Coin emission thru staking or mining is same thing. Coin emission.
POS is mining. POS is invent to replace mining.

interest is stimulation . In this case stimulation to invest, in coins, and staking.
Same like miner look what is profitable for mining .
To expand adoption, you need stimulation.

Remember the %5 will be a maximum reached after a year of constant staking.  Lots of variables, not every coin will be staking all the time.

Interest from the bank does not require the use of CPU power.

For what its worth I said earlier that I feel 3% is already sufficient, it is comparable if not higher than interest rate for cash savings (currently).

I love idea of 5%!!!
I am on 0.97% now.

Just saying it might screw up with emission model in the long term.
I remember discussion with you about how exactly you can predict amount of coins in the future.
I don't get how can you predict number of coins staking? I guess you can predict POW part pretty well but
not so POS part, right?

BitcoinSandiego,

I see what you are saying as to integrating more of these concepts into another tier of the network, this is what trust keys are beginning, which will be held to their own rules. Essentially my problem with master nodes is that they are established by a holding of the asset, which is beneficial to those that can afford, but I like using the concept of time is more valuable in trust than monetary influence, which is why I'm building the next tier with trust keys. I am planning on giving special trust based rules to miners as well to award the miners that work on the blockchain more consistently than others.

I'll type a better response [more details] when I have some more time. In the meantime feel free to add me on Skype [to whomever would like to share their opinions with me directly]: colinjcantrell11. I think we could definitely exchange some insights that will further define the future direction of Nexus.

--------------------------------------------------

Conqueror,

5% is a suggestion from the community, it appears you would have a different suggestion? Looking at the compounding numbers I'm thinking it might be wise to have the interest rates de-compound to keep a steady 50k for 5% of 1M progressively which would make supply about 400M Niro in 100 years for the whole network, which I like to have slight expansion of the currency as it grows into more adopters, but not too much where it could reduce the value of the Niro.

So with this being stated, what is your opinion on the best interest rates through nPoS?

Thank You,
Viz.

I you have coins dump all . this is last chance