Quote from: terman45x on May 03, 2015, 06:21:31 PM

Quote from: Bank_sy on May 03, 2015, 05:56:29 PM

Quote from: ViralDev on May 03, 2015, 04:12:01 PM

Quote from: torshammer on May 03, 2015, 02:09:07 PM

Hi Dev

Have you guys considered the possibility of tagging node addresses and using sub tags when Viral members start farming their own subnodes? The way I am reading it is gonna be the wild west out there - people are going to be making giant subnets and take a cut of everything they are bringing in. Tagging nodes would let you to that seems to me.

There is a lot of flexibility in how the Verified / subnodes system can work. Much of the challenge is in designing a system where tracking participation in the network scales smoothly between different levels without creating unnecessary work for the algorithms and metrics. Revenues on the other hand are simple. They simply follow metrics along a predetermined system of reward.

The Verified system will reward individuals who - by building subnodes - expand the reach and weight of the Viral network. For the Viral network, more reach+ more weight = more revenues per campaign,and a more attractive product for sponsors.

One can enable and encourage subnodes in a variety of ways. You can allow high performing subnodes to assetize themselves. Fred and his high performing Pinterest network sell shares in "Freddy Pinterest". Or, by using a colored coins system, John can bring people into the Viral network, gradually build a subnode and monetize its subsequent participation for a certain number of months, according to the system we have in place. The possibilities are many.

Many of these decisions and methods will affect the growth of the Viral network as a whole - in terms of speed, reach, revenue, reinvestment, profitability, and direction. So we will be looking especially to our crowdfunders in the coming weeks for input on how we all want to grow Viral.

Viral Dev

to be a node all you need is 5000 viral? is any more setup needed? make it easy please

Nah man, here's the deal. If you are holding Viral, you get rewarded in two ways. # 1 - your coins constantly appreciating in value because incoming sponsor revenues are used to buy up coins on the market. if u get in at crowdfunder price u will be sitting pretty. #2 you get a cut once a month based on how much reach and weight your social network had in the month's campaigns.

That 5000 figure is just a placeholder, nobody knows until after the crowdfunding how much Viral is worth. That number is just a placeholder, does not mean anything.

Thanks Terman45x, nice succinct summary : -)

The 5000 is just a placeholder, correct. We will not know the market value of Viral before the price discovery / crowdfunding is over. There is currently a lively discussion among the devs about that minimum amount, because the lower one sets the threshold, the more participants / active nodes in the network and the more attractive placements are to sponsors.

There are probably two kinds of Viral investors. Those who are very keen on building out nodes and earning revenue through assembling subnets within the Viral network, and those who perhaps are not so keen on participating in the network, but recognize that the Viral business model - both the 15 billion dollar target market, and our power to the people approach - has the potential for explosive upside. We welcome both types of participants. It is going to be an exciting ride.

ViralDev