Hi guys, I haven't been following this thread for a while.
I have a quick question: Have you implemented Xnode system where you stake the 550XC to run the node?
They removed the requirement to have 550 XC to be an Xnode. That might change later on, but for now, you don't need it. Every wallet is an Xnode now.
I see. I think this is one of the reasons why this coin hasn't taken off, people want to earn extra coins through running a node, unless i'm mistaken and you get a payment for running a Xnode?
Yes but the payment has not yet been decided and is not active in the node yet. I think this will be added in Rev 2.5 Synechist might be able to clarify.
The sooner we get a fee for running an Xnode the sooner this coin takes off.
+1
waiting for this since i first heard the word xnode!
Yes I think there is some degree of an incentive to use XC if Xnode fees are charged.
However I do not think the incentive is all that great, since the fees will not be particularly high.
(And if the fees were high, then we'd disincentivise people from using XC to make payments.)
To my mind by far the greatest incentive to invest in XC is its solid fundamentals. At this stage you make money out of investing early, not by processing transactions.
Transaction fees would become a viable income when XC becomes truly mainstream. Before then, they're just not that much of an incentive.
That said, we're still considering what fees will be charged for private transactions, and whether there's sufficient warrant for a minimum wallet balance. We will, of course, keep you posted on this as things develop.
Just don't expect it to change people's behaviour much when we announce these details. What'll change wallet usage is Privacy Mode and a great client for secure instant messaging, and those are on the way.
