I think Stratis must choose more reliable and realistic ICOs with resonable hardcap...
Topic: | STRATIS | The first blockchain developed for businesses |Full POS - page 36. (Read 1890822 times)
February 26, 2019, 09:10:02 PM
As i see Stratis have 3 upcoming ICOs (but 2 of them wihout date of launch, and the 3rd should be launched on 15th of May). But are they crazy? Those ICOs want to raise from 31 mln to 45 mln usd each...
I think Stratis must choose more reliable and realistic ICOs with resonable hardcap...
I think Stratis must choose more reliable and realistic ICOs with resonable hardcap...
February 26, 2019, 07:21:19 PM
Most of these coins are disappointing. They make big promises and don't deliver. This coin is probably no different. It'll keep hovering in the 24K sat range for years before it goes up in price. The same idiots with every coin will tell you to hold the coin while it clearly is not making any money for anyone.
Frankly, most of us don't give a flying fuck about the coin itself. We want the price to go up. I'm not in this to care about the coins technology. Most of these coins are piles of garbage and their only function is make me money, that's it. I'm not going to hold a coin very long if it doesn't make me money. This whole concept of mass adoption is a farce. That won't happen for years so why even bring that up.
Frankly, most of us don't give a flying fuck about the coin itself. We want the price to go up. I'm not in this to care about the coins technology. Most of these coins are piles of garbage and their only function is make me money, that's it. I'm not going to hold a coin very long if it doesn't make me money. This whole concept of mass adoption is a farce. That won't happen for years so why even bring that up.
Investors want to make money. Or more specifically, they want to sell their investment to someone else at a higher price than they themselves paid for it. It would be irresponsible to oneself to be an investor in a cryptocurrency and not "care about the coins technology". There's one simple reason for this: scarcity mechanisms. Some coins have them, some coins don't. Scarcity is what drives the price of a coin up or down, and it is our job as investors to understand what induces scarcity (if we want to take this job seriously). These tend to fall into two camps: speculation induced and utility induced. The speculative side of things is pretty easy to understand: people buy in thinking it will go up (for whatever reason), this in turn inducing scarcity. The utility side of things is a little more involved, but tends to be pretty easy to break down.
The Stratis Platform incorporates scarcity inducing mechanisms into pretty much every service available in the suite of features which make it up (excluding the DLT, which has no direct impact on the scarcity of Strat). I wrote this FAQ a while back in an attempt to give investors one easy place to learn about these scarcity mechanisms and why they are important to investors: https://stratisfaq.com/. Some of the info is out of date and there are new scarcity considerations in place, what with the sidechain masternodes and other more recent developments. However, the bulk of the info is still absolutely relevant.
Masternodes are a gimmick that mean nothing. Give the investors something to make the price go up, because its all about making money. We're not part of the development team and have no vested interest in this coin other than to make money. Do something to make its price go up. Launch a partnership with a major bank , or develop some outstanding smart contracts. Tell us it's the fastest coin on the market. Something to make people want to invest in it. Masternodes are not going to do anything to move the price. Do something important !!!!
Check out the scarcity sections of the FAQ: https://stratisfaq.com/the-value-of-cryptocurrencies/#what_changes_a_cryptocurrencys_value_over_time. As you say, you're not "part of the development team and have no vested interest in this coin other than to make money", and as such it is your responsibility to yourself to understand how the technology impacts the price and why (tl;dr mechanisms built into the tech induce scarcity, scarcity in turn informs the price of a thing because availability vs demand).
Hopefully those FAQ sections will help, and if there's anything that's not clear or you feel is incorrect, feel free to ask any questions or give any criticisms.
Here's where you're going wrong with the Masternodes:
"Masternodes are a gimmick". Sidechains are the principle feature of the Stratis Platform and will be the basic second layer for the whole ecosystem, enabling non-trivial applications and scaling. These Masternodes enable the sidechains to be non-centralised, something which we all know is important in crypto. They're not a gimmick; the Masternodes are a solution to a problem.
"Masternodes ... mean nothing". Like you said, the goal of an investor is to make money. One common way of doing this is to sell your investment to someone else at a higher price than you paid for it. If you want to be a good investor, then you need to understand what will make the price of your investment go up (see the scarcity section of the FAQ above). These Masternodes directly play into the coin economics of Strat in two ways. 1) they induce scarcity by locking Strat out of supply through their collateral requirements and 2) they receive an income, incentivising operation of Masternodes, driving demand for the operation of Masternodes, this in turn bringing demand-induced scarcity to Strat.
Don't get me wrong, I'm not saying we should only look to the built in scarcity-inducing mechanisms in the tech of Stratis Platform to push up the price! As you imply, big news induces scarcity too! Speculation is a powerful scarcity driver and definitely the easiest concept to grasp: "big news makes the price go up!", without even having to go into how news makes the price go up (hint: demand-induced scarcity driven by speculation). Fortunately, building out the Masternodes wasn't done at the cost of some big partnership, or any other piece of news that you are after. There isn't someone at Stratis Group Ltd going "OK guys, we've got to choose between delivering Masternodes and making a partnership with a big bank, since for some reason the two are mutually exclusive...".
Scarcity is only one part of the equation. The other part is DEMAND. This coin has no demand right now. You can have the most scarce coin on the planet, but if there is no demand the coins price won't go up. That's why they call it SUPPLY AND DEMAND AND NOT JUST SUPPLY.
This coins has created very little demand for it and it needs to change that now. Not 5 years from now , but right now. How long do investors wait for a coin to do something important before dumping it for better coins. I'll tell you, not very long.
Which is why I was talking about inducing scarcity. The sections of the FAQ cover demand and supply induced scarcity. If you read them you should see why your clarification is redundant.
February 26, 2019, 05:56:34 PM
Most of these coins are disappointing. They make big promises and don't deliver. This coin is probably no different. It'll keep hovering in the 24K sat range for years before it goes up in price. The same idiots with every coin will tell you to hold the coin while it clearly is not making any money for anyone.
Frankly, most of us don't give a flying fuck about the coin itself. We want the price to go up. I'm not in this to care about the coins technology. Most of these coins are piles of garbage and their only function is make me money, that's it. I'm not going to hold a coin very long if it doesn't make me money. This whole concept of mass adoption is a farce. That won't happen for years so why even bring that up.
Frankly, most of us don't give a flying fuck about the coin itself. We want the price to go up. I'm not in this to care about the coins technology. Most of these coins are piles of garbage and their only function is make me money, that's it. I'm not going to hold a coin very long if it doesn't make me money. This whole concept of mass adoption is a farce. That won't happen for years so why even bring that up.
Investors want to make money. Or more specifically, they want to sell their investment to someone else at a higher price than they themselves paid for it. It would be irresponsible to oneself to be an investor in a cryptocurrency and not "care about the coins technology". There's one simple reason for this: scarcity mechanisms. Some coins have them, some coins don't. Scarcity is what drives the price of a coin up or down, and it is our job as investors to understand what induces scarcity (if we want to take this job seriously). These tend to fall into two camps: speculation induced and utility induced. The speculative side of things is pretty easy to understand: people buy in thinking it will go up (for whatever reason), this in turn inducing scarcity. The utility side of things is a little more involved, but tends to be pretty easy to break down.
The Stratis Platform incorporates scarcity inducing mechanisms into pretty much every service available in the suite of features which make it up (excluding the DLT, which has no direct impact on the scarcity of Strat). I wrote this FAQ a while back in an attempt to give investors one easy place to learn about these scarcity mechanisms and why they are important to investors: https://stratisfaq.com/. Some of the info is out of date and there are new scarcity considerations in place, what with the sidechain masternodes and other more recent developments. However, the bulk of the info is still absolutely relevant.
Masternodes are a gimmick that mean nothing. Give the investors something to make the price go up, because its all about making money. We're not part of the development team and have no vested interest in this coin other than to make money. Do something to make its price go up. Launch a partnership with a major bank , or develop some outstanding smart contracts. Tell us it's the fastest coin on the market. Something to make people want to invest in it. Masternodes are not going to do anything to move the price. Do something important !!!!
Check out the scarcity sections of the FAQ: https://stratisfaq.com/the-value-of-cryptocurrencies/#what_changes_a_cryptocurrencys_value_over_time. As you say, you're not "part of the development team and have no vested interest in this coin other than to make money", and as such it is your responsibility to yourself to understand how the technology impacts the price and why (tl;dr mechanisms built into the tech induce scarcity, scarcity in turn informs the price of a thing because availability vs demand).
Hopefully those FAQ sections will help, and if there's anything that's not clear or you feel is incorrect, feel free to ask any questions or give any criticisms.
Here's where you're going wrong with the Masternodes:
"Masternodes are a gimmick". Sidechains are the principle feature of the Stratis Platform and will be the basic second layer for the whole ecosystem, enabling non-trivial applications and scaling. These Masternodes enable the sidechains to be non-centralised, something which we all know is important in crypto. They're not a gimmick; the Masternodes are a solution to a problem.
"Masternodes ... mean nothing". Like you said, the goal of an investor is to make money. One common way of doing this is to sell your investment to someone else at a higher price than you paid for it. If you want to be a good investor, then you need to understand what will make the price of your investment go up (see the scarcity section of the FAQ above). These Masternodes directly play into the coin economics of Strat in two ways. 1) they induce scarcity by locking Strat out of supply through their collateral requirements and 2) they receive an income, incentivising operation of Masternodes, driving demand for the operation of Masternodes, this in turn bringing demand-induced scarcity to Strat.
Don't get me wrong, I'm not saying we should only look to the built in scarcity-inducing mechanisms in the tech of Stratis Platform to push up the price! As you imply, big news induces scarcity too! Speculation is a powerful scarcity driver and definitely the easiest concept to grasp: "big news makes the price go up!", without even having to go into how news makes the price go up (hint: demand-induced scarcity driven by speculation). Fortunately, building out the Masternodes wasn't done at the cost of some big partnership, or any other piece of news that you are after. There isn't someone at Stratis Group Ltd going "OK guys, we've got to choose between delivering Masternodes and making a partnership with a big bank, since for some reason the two are mutually exclusive...".
Scarcity is only one part of the equation. The other part is DEMAND. This coin has no demand right now. You can have the most scarce coin on the planet, but if there is no demand the coins price won't go up. That's why they call it SUPPLY AND DEMAND AND NOT JUST SUPPLY.
This coins has created very little demand for it and it needs to change that now. Not 5 years from now , but right now. How long do investors wait for a coin to do something important before dumping it for better coins. I'll tell you, not very long.
February 26, 2019, 05:51:56 PM
Yes most of masternodes are gimmicks but these ones are meant to support the network and make it secure, give gas for smart contracts so youre a bit wrong here...
Maybe you should do some research before talking shit about stuff you dont even know...
Maybe you should do some research before talking shit about stuff you dont even know...
I do know what makes a coins price and this coin isn't doing it. Masternodes and icos are gimmicks. Most investors now have been around the game long enough to know when it's a gimmick. You should gain understanding about what maks a coin price move before shooting your mouth off.
This coin is doing next to nothing to move the price. Obviously the investors agree with me because the price just stays the same and doesn't move upwards like the good coins. You have next to zero understanding about what makes a coins price move upwards.
February 26, 2019, 02:36:09 PM
Stratis is also caught in cycle of hard times and waiting for market to come out of uncertainty. I used this word instead of bearish for market because there is no more bearish kind thing because of huge increase in volume of last few days. That is very positive message by Chris saying Stratis will be doing well in 2019 by offering new functionalities and features which market needs the most.
February 26, 2019, 01:07:20 PM
https://twitter.com/crypto_copia/status/1100440703115632644
Full-time #crypto trader @cryptomichNL sees $STRAT crushing it during the next bull market 🐂
What do you think? Let us know & don't forget to watch the highlights from last week's #AMA 📺🎥
----> https://youtu.be/pT0lXo6TQFw
Full-time #crypto trader @cryptomichNL sees $STRAT crushing it during the next bull market 🐂
What do you think? Let us know & don't forget to watch the highlights from last week's #AMA 📺🎥
----> https://youtu.be/pT0lXo6TQFw
February 26, 2019, 11:38:51 AM
February 26, 2019, 10:50:41 AM
February 25, 2019, 03:37:25 PM
ZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzZZZZzzzzzzzzzZZZZZZZZZZZZZZZ ZZZZZZZZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzz
Awesome definition of this project this is under deep sleep so let's when this will be awaken from this. It's pending rally so it will make its way very soon.
February 25, 2019, 03:10:30 PM
ZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzZZZZzzzzzzzzzZZZZZZZZZZZZZZZ ZZZZZZZZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzz
February 25, 2019, 01:49:22 PM
https://twitter.com/Khil0ne/status/1100090214490537984
Stratis @stratisplatform and their #ICO Platform on @Azure discussed by @IvanOnTech in his latest video "BULLS WAKING UP: MICROSOFT TOKEN PLATFORM LAUNCH"
Have a look here from 04:32-> https://t.co/h7qsF0nvgX
#Stratis $STRAT #StratisPlatform #Microsoft #Azure
Stratis @stratisplatform and their #ICO Platform on @Azure discussed by @IvanOnTech in his latest video "BULLS WAKING UP: MICROSOFT TOKEN PLATFORM LAUNCH"
Have a look here from 04:32-> https://t.co/h7qsF0nvgX
#Stratis $STRAT #StratisPlatform #Microsoft #Azure
February 25, 2019, 12:50:54 PM
February 24, 2019, 07:10:25 AM
Most of these coins are disappointing. They make big promises and don't deliver. This coin is probably no different. It'll keep hovering in the 24K sat range for years before it goes up in price. The same idiots with every coin will tell you to hold the coin while it clearly is not making any money for anyone.
Frankly, most of us don't give a flying fuck about the coin itself. We want the price to go up. I'm not in this to care about the coins technology. Most of these coins are piles of garbage and their only function is make me money, that's it. I'm not going to hold a coin very long if it doesn't make me money. This whole concept of mass adoption is a farce. That won't happen for years so why even bring that up.
Frankly, most of us don't give a flying fuck about the coin itself. We want the price to go up. I'm not in this to care about the coins technology. Most of these coins are piles of garbage and their only function is make me money, that's it. I'm not going to hold a coin very long if it doesn't make me money. This whole concept of mass adoption is a farce. That won't happen for years so why even bring that up.
Investors want to make money. Or more specifically, they want to sell their investment to someone else at a higher price than they themselves paid for it. It would be irresponsible to oneself to be an investor in a cryptocurrency and not "care about the coins technology". There's one simple reason for this: scarcity mechanisms. Some coins have them, some coins don't. Scarcity is what drives the price of a coin up or down, and it is our job as investors to understand what induces scarcity (if we want to take this job seriously). These tend to fall into two camps: speculation induced and utility induced. The speculative side of things is pretty easy to understand: people buy in thinking it will go up (for whatever reason), this in turn inducing scarcity. The utility side of things is a little more involved, but tends to be pretty easy to break down.
The Stratis Platform incorporates scarcity inducing mechanisms into pretty much every service available in the suite of features which make it up (excluding the DLT, which has no direct impact on the scarcity of Strat). I wrote this FAQ a while back in an attempt to give investors one easy place to learn about these scarcity mechanisms and why they are important to investors: https://stratisfaq.com/. Some of the info is out of date and there are new scarcity considerations in place, what with the sidechain masternodes and other more recent developments. However, the bulk of the info is still absolutely relevant.
Masternodes are a gimmick that mean nothing. Give the investors something to make the price go up, because its all about making money. We're not part of the development team and have no vested interest in this coin other than to make money. Do something to make its price go up. Launch a partnership with a major bank , or develop some outstanding smart contracts. Tell us it's the fastest coin on the market. Something to make people want to invest in it. Masternodes are not going to do anything to move the price. Do something important !!!!
Check out the scarcity sections of the FAQ: https://stratisfaq.com/the-value-of-cryptocurrencies/#what_changes_a_cryptocurrencys_value_over_time. As you say, you're not "part of the development team and have no vested interest in this coin other than to make money", and as such it is your responsibility to yourself to understand how the technology impacts the price and why (tl;dr mechanisms built into the tech induce scarcity, scarcity in turn informs the price of a thing because availability vs demand).
Hopefully those FAQ sections will help, and if there's anything that's not clear or you feel is incorrect, feel free to ask any questions or give any criticisms.
Here's where you're going wrong with the Masternodes:
"Masternodes are a gimmick". Sidechains are the principle feature of the Stratis Platform and will be the basic second layer for the whole ecosystem, enabling non-trivial applications and scaling. These Masternodes enable the sidechains to be non-centralised, something which we all know is important in crypto. They're not a gimmick; the Masternodes are a solution to a problem.
"Masternodes ... mean nothing". Like you said, the goal of an investor is to make money. One common way of doing this is to sell your investment to someone else at a higher price than you paid for it. If you want to be a good investor, then you need to understand what will make the price of your investment go up (see the scarcity section of the FAQ above). These Masternodes directly play into the coin economics of Strat in two ways. 1) they induce scarcity by locking Strat out of supply through their collateral requirements and 2) they receive an income, incentivising operation of Masternodes, driving demand for the operation of Masternodes, this in turn bringing demand-induced scarcity to Strat.
Don't get me wrong, I'm not saying we should only look to the built in scarcity-inducing mechanisms in the tech of Stratis Platform to push up the price! As you imply, big news induces scarcity too! Speculation is a powerful scarcity driver and definitely the easiest concept to grasp: "big news makes the price go up!", without even having to go into how news makes the price go up (hint: demand-induced scarcity driven by speculation). Fortunately, building out the Masternodes wasn't done at the cost of some big partnership, or any other piece of news that you are after. There isn't someone at Stratis Group Ltd going "OK guys, we've got to choose between delivering Masternodes and making a partnership with a big bank, since for some reason the two are mutually exclusive...".
February 24, 2019, 06:29:06 AM
Thanks for the detailed explanation, I hope they take into account staking record too, not just known members of the community.
That's a cool idea, I'll pass on the suggestion to the team and see what they say
Thanks! I've been staking since the ICO with +90% up-time but the devs wouldn't know me, but the network knows my staking address!
February 24, 2019, 05:27:57 AM
Yes most of masternodes are gimmicks but these ones are meant to support the network and make it secure, give gas for smart contracts so youre a bit wrong here...
Maybe you should do some research before talking shit about stuff you dont even know...
Maybe you should do some research before talking shit about stuff you dont even know...
February 23, 2019, 05:20:08 PM
Most of these coins are disappointing. They make big promises and don't deliver. This coin is probably no different. It'll keep hovering in the 24K sat range for years before it goes up in price. The same idiots with every coin will tell you to hold the coin while it clearly is not making any money for anyone.
Frankly, most of us don't give a flying fuck about the coin itself. We want the price to go up. I'm not in this to care about the coins technology. Most of these coins are piles of garbage and their only function is make me money, that's it. I'm not going to hold a coin very long if it doesn't make me money. This whole concept of mass adoption is a farce. That won't happen for years so why even bring that up.
Frankly, most of us don't give a flying fuck about the coin itself. We want the price to go up. I'm not in this to care about the coins technology. Most of these coins are piles of garbage and their only function is make me money, that's it. I'm not going to hold a coin very long if it doesn't make me money. This whole concept of mass adoption is a farce. That won't happen for years so why even bring that up.
Investors want to make money. Or more specifically, they want to sell their investment to someone else at a higher price than they themselves paid for it. It would be irresponsible to oneself to be an investor in a cryptocurrency and not "care about the coins technology". There's one simple reason for this: scarcity mechanisms. Some coins have them, some coins don't. Scarcity is what drives the price of a coin up or down, and it is our job as investors to understand what induces scarcity (if we want to take this job seriously). These tend to fall into two camps: speculation induced and utility induced. The speculative side of things is pretty easy to understand: people buy in thinking it will go up (for whatever reason), this in turn inducing scarcity. The utility side of things is a little more involved, but tends to be pretty easy to break down.
The Stratis Platform incorporates scarcity inducing mechanisms into pretty much every service available in the suite of features which make it up (excluding the DLT, which has no direct impact on the scarcity of Strat). I wrote this FAQ a while back in an attempt to give investors one easy place to learn about these scarcity mechanisms and why they are important to investors: https://stratisfaq.com/. Some of the info is out of date and there are new scarcity considerations in place, what with the sidechain masternodes and other more recent developments. However, the bulk of the info is still absolutely relevant.
Masternodes are a gimmick that mean nothing. Give the investors something to make the price go up, because its all about making money. We're not part of the development team and have no vested interest in this coin other than to make money. Do something to make its price go up. Launch a partnership with a major bank , or develop some outstanding smart contracts. Tell us it's the fastest coin on the market. Something to make people want to invest in it. Masternodes are not going to do anything to move the price. Do something important !!!!
I think you should talk for yourself and if you're buying cryptos without even knowing what they are and why they should rise in price I think you are hardly going to make any money... You better go back to pump and dump groups on twitter or telegram,
or maybe play some ethereum scam doublers or buy thousands of lottery tickets, you will be doing better for sure 
I know what makes a coin rise in price. It has a use out there. It can be used to buy and sell goods. It can be used in smart contracts. It is very secure and fast. People will actually use it because its good. It has partnerships with major companies.
I've invested in coins for years. This coin needs to come up with some major announcement, not promote masternodes or boxing events, something that makes people want to invest in it.
Bitcoin is number one when it comes to any coins price. If bitcoin isnt going up nothing goes up unless the coin comes out with some major news to push its price.
February 23, 2019, 04:57:53 PM
Most of these coins are disappointing. They make big promises and don't deliver. This coin is probably no different. It'll keep hovering in the 24K sat range for years before it goes up in price. The same idiots with every coin will tell you to hold the coin while it clearly is not making any money for anyone.
Frankly, most of us don't give a flying fuck about the coin itself. We want the price to go up. I'm not in this to care about the coins technology. Most of these coins are piles of garbage and their only function is make me money, that's it. I'm not going to hold a coin very long if it doesn't make me money. This whole concept of mass adoption is a farce. That won't happen for years so why even bring that up.
Frankly, most of us don't give a flying fuck about the coin itself. We want the price to go up. I'm not in this to care about the coins technology. Most of these coins are piles of garbage and their only function is make me money, that's it. I'm not going to hold a coin very long if it doesn't make me money. This whole concept of mass adoption is a farce. That won't happen for years so why even bring that up.
Investors want to make money. Or more specifically, they want to sell their investment to someone else at a higher price than they themselves paid for it. It would be irresponsible to oneself to be an investor in a cryptocurrency and not "care about the coins technology". There's one simple reason for this: scarcity mechanisms. Some coins have them, some coins don't. Scarcity is what drives the price of a coin up or down, and it is our job as investors to understand what induces scarcity (if we want to take this job seriously). These tend to fall into two camps: speculation induced and utility induced. The speculative side of things is pretty easy to understand: people buy in thinking it will go up (for whatever reason), this in turn inducing scarcity. The utility side of things is a little more involved, but tends to be pretty easy to break down.
The Stratis Platform incorporates scarcity inducing mechanisms into pretty much every service available in the suite of features which make it up (excluding the DLT, which has no direct impact on the scarcity of Strat). I wrote this FAQ a while back in an attempt to give investors one easy place to learn about these scarcity mechanisms and why they are important to investors: https://stratisfaq.com/. Some of the info is out of date and there are new scarcity considerations in place, what with the sidechain masternodes and other more recent developments. However, the bulk of the info is still absolutely relevant.
Masternodes are a gimmick that mean nothing. Give the investors something to make the price go up, because its all about making money. We're not part of the development team and have no vested interest in this coin other than to make money. Do something to make its price go up. Launch a partnership with a major bank , or develop some outstanding smart contracts. Tell us it's the fastest coin on the market. Something to make people want to invest in it. Masternodes are not going to do anything to move the price. Do something important !!!!
I think you should talk for yourself and if you're buying cryptos without even knowing what they are and why they should rise in price I think you are hardly going to make any money... You better go back to pump and dump groups on twitter or telegram,
or maybe play some ethereum scam doublers or buy thousands of lottery tickets, you will be doing better for sure February 23, 2019, 03:34:59 PM
Most of these coins are disappointing. They make big promises and don't deliver. This coin is probably no different. It'll keep hovering in the 24K sat range for years before it goes up in price. The same idiots with every coin will tell you to hold the coin while it clearly is not making any money for anyone.
Frankly, most of us don't give a flying fuck about the coin itself. We want the price to go up. I'm not in this to care about the coins technology. Most of these coins are piles of garbage and their only function is make me money, that's it. I'm not going to hold a coin very long if it doesn't make me money. This whole concept of mass adoption is a farce. That won't happen for years so why even bring that up.
Frankly, most of us don't give a flying fuck about the coin itself. We want the price to go up. I'm not in this to care about the coins technology. Most of these coins are piles of garbage and their only function is make me money, that's it. I'm not going to hold a coin very long if it doesn't make me money. This whole concept of mass adoption is a farce. That won't happen for years so why even bring that up.
Investors want to make money. Or more specifically, they want to sell their investment to someone else at a higher price than they themselves paid for it. It would be irresponsible to oneself to be an investor in a cryptocurrency and not "care about the coins technology". There's one simple reason for this: scarcity mechanisms. Some coins have them, some coins don't. Scarcity is what drives the price of a coin up or down, and it is our job as investors to understand what induces scarcity (if we want to take this job seriously). These tend to fall into two camps: speculation induced and utility induced. The speculative side of things is pretty easy to understand: people buy in thinking it will go up (for whatever reason), this in turn inducing scarcity. The utility side of things is a little more involved, but tends to be pretty easy to break down.
The Stratis Platform incorporates scarcity inducing mechanisms into pretty much every service available in the suite of features which make it up (excluding the DLT, which has no direct impact on the scarcity of Strat). I wrote this FAQ a while back in an attempt to give investors one easy place to learn about these scarcity mechanisms and why they are important to investors: https://stratisfaq.com/. Some of the info is out of date and there are new scarcity considerations in place, what with the sidechain masternodes and other more recent developments. However, the bulk of the info is still absolutely relevant.
Masternodes are a gimmick that mean nothing. Give the investors something to make the price go up, because its all about making money. We're not part of the development team and have no vested interest in this coin other than to make money. Do something to make its price go up. Launch a partnership with a major bank , or develop some outstanding smart contracts. Tell us it's the fastest coin on the market. Something to make people want to invest in it. Masternodes are not going to do anything to move the price. Do something important !!!!
February 23, 2019, 02:34:33 PM
How will 50k MN spots be allocated, surely there will be more people wanting to run a 50k MN than will be available, only 18, correct?
19 of them (has to be an odd number). When asked this question, Chris said that there would be a selection process for the 50k nodes and that older, known members of the community would be chosen first, with any free spaces going to other applicants on a first come, first serve basis. These particular Masternodes need to be online 24/7 and with a lowish number the Authority aspect of Proof of Authority (where you are putting your identity on the line as well as the collateral) matters more than with a large number of Masternodes. Moreover, it seems to me that the 50k masternodes will receive the same income as the 10k masternodes (don't hold me to this, I don't know this for sure), so 50k masternode operators will need a reason above and beyond the income for running one. Thus they will be choosing people who they can be quite certain will be able to maintain a node 24/7 and who will be happy to front the 50k collateral when they could receive a better ROI from a 10k node. This is more likely to be true of larger holders than smaller holders, and larger holders are in turn more likely to be earlier investors.
The plan is to introduce dynamic membership for these 50k masternodes as well. This would change the selection process completely, and allow anyone to run a 50k masternode, so long as there was a spot available. There are plans to increase the number of available spots, so it may well be possible for anyone to operate a 50k node whenever they want down the line.
Thanks for the detailed explanation, I hope they take into account staking record too, not just known members of the community.
That's a cool idea, I'll pass on the suggestion to the team and see what they say
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