Post
Topic
Board Announcements (Altcoins)
Re: [ANN] LiteDoge coin [Community take over]
by
heavensopen
on 04/06/2015, 05:20:49 UTC
Can someone tell me what the big deal is about MN? POW is over so why try and even think about implementing now?

I agree. these guys are working backwards. I was for the take over but now im feeling like the guys who are doing the take over are failures.
I think its time to sell the rest of my coins and move on from here.


Let me make it clear one last time. I am not against masternodes, I just find it a really stupid idea for this coin.

1. POW has nothing to do with masternodes.

2. Some greedy guys have the bright idea to use masternodes because they think they can get more coins this way. This is not actually true, if we implement masternodes (esp. if we leave the amount needed to make one at 5 million LDOGE) there would be so many that you would get nothing that worth's the trouble, if you only have a couple.

3. You really think that masternodes are a step forward? Flash news, only whales would profit from them, all the rest would see their stakes being cut off by 66.66% and being taken by the whales.

4. I will say it once again: without someone taking over, there would be no coin.
Old dev has quit and tried to kill it. Minutes after he has quit and locked the old thread, the volume of LDOGE sold on Bittrex skyrockets at 15 BTC, with a sell price of 2 satoshi max. (most were sold at 1 satoshi). It was your beloved old dev, liquidating his profits - and some of those profits were yours, because they came from the masternodes he made, while no one else could. Or maybe you thought he wanted the masternodes for you to profit?

Same happened on C-Cex, for which I happen to have a screenshot too:


You like this view? Do you know how much some of us spent in order to get it back to 2 satoshi five hours later?

5. Is there someone that isn't a failure and wants to be in charge?
I don't want to be in charge, I'm too busy for this. Be my guest!

6. @freakying99, these are your coins, do whatever you want with them.
If you decide to sell, just inform us on which exchange, so we can go get them :-)

Finally: whoever wants a masternode that would get him a serious profit, should try making one for DASH (DRK).
There is an excellent guide here: https://dashtalk.org/threads/taos-masternode-setup-guide-for-dummies.2680/
You would need only 1000 DASH (around 2738 US dollars, currently) plus the expenses for the Linux VPS etc.