Ninjastic
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Board Announcements (Altcoins)
Re: ANN- CryptBit- MasterNodes- Pos 3.0- ICO on C-CEX- Security Centric For All
by
vervolioman
on 25/09/2015, 17:54:17 UTC
Quote from: co5hike on September 25, 2015, 05:45:59 PM
Quote from: vervolioman on September 25, 2015, 05:20:57 PM
Quote from: co5hike on September 25, 2015, 05:03:33 PM
Quote from: vervolioman on September 25, 2015, 04:41:44 PM
Quote from: CorumTime on September 25, 2015, 04:15:17 PM
Dev will I be able to run a masternode and stake with left over coins?


You will be getting your bit of 75% of blocks running a masternode, your left over coin staking only fighting for 25% of blocks will not be getting much? I had similar worries so I brought 7k more and will follow the BTCX guide on page 10 and hopefully run two masternodes from same computer. You are best of pming the dev as questions will no doubt get lost in this thread.

Masternode is a slam dunk at these prices. Plus, looking at the business model, so much of the CryptBit network will be monetized through masternode functions that masternode owners will be sitting in a key position. That's what I like about master nodes - they enforce sort of a rough democracy that counterbalances whatever whales or devs or other heavy players might decide to do.

You have just made maybe made clear something I was having trouble with. The CryptBase will set aside 20% of proft if they are succesful, I wondered how they would know orignal investors, maybe through the masternodes? That is how they bring extra security to the network I am thinking if I'm right, like you said in your last sentence what you like about them. They are a kind of counter balance to what you mention above. That is awesome and your helping me understand more about them.

Well I suppose the OP refers to original investors as being synonymous with holders, that is those holding coins when the project starts to really pay off. I am thinking more about the politics, the balance of power as it were. Once the network is depending on masternode operators, masternode operators become a de facto legislature counterbalancing the executive power of the devs. And whatever VC investors arrive later in the project.

Very healthy in my opinion.

Yes that is what I took from what you wrote them being a counter balance to the powers that be, dev, whales etc I do like that and even better we play our part in that balancing securing the network. Not only that we get our piece of the 75% per block fopr our trouble Cool