Quote from: 110110101 on August 24, 2016, 08:56:52 AM

Quote from: bizzyb on August 24, 2016, 07:41:32 AM

Quote from: 110110101 on August 24, 2016, 06:16:21 AM

Quote from: bizzyb on August 23, 2016, 02:01:15 PM

MN collateral - Yes 0.4 BTC is about right at the moment. Any thoughts on that?
No. of MNs - No target number, just as many as possible. Any thoughts?
Voting system - Yes, we definitely want to implement that & having a user friendly site would be a gold standard (Certainly I'm no good at command line stuff).
Distribution - My opinion is that the distribution over the past 2 years is very good. Whilst several users keep theirs on trex (I no longer do btw) I would hope that the majority of MUE would be kept "off exchange". My personal funds are around 6 million. The "project" holds about 4 million, and there are many many users with 1 mill +. Looking at https://chainz.cryptoid.info/mue/#!wallets about 26% are held in trex

Any other thoughts and feedback welcome.

So, I bought 500K MUE so I can help set up a masternode once the transition to a X11 mainnet is complete.
My guestimation is that many users will look into taking their coins off the market and moving them into cold storage and running a masternode. The economic incentive is there, at least they get paid a little interest for their service.

How far has the X11 testing come along? Is there an active MUE-testnet?

Ah cool, great to have you on board.

I think initially, at least for the first year or so, the % returns should be really good for MasterNodes, obviously over time the % return will deteriorate as more MNs come on line, however, the price should have significantly grown to more than compensate for that.
It's going to get very interesting.

Yeah we are actively running test net.
Feel free to get involved if you want, we tend to hang out in Slack
Auto-invite app is here https://mueslack.herokuapp.com/

Thanks for the slack link, I'll see about signing up.

I'd thought I'd post a long term inspirational graph from the lead developer of Dash, Evan Duffield:
https://bitcointalk.org/index.php?topic=421615.msg15956429#msg15956429

Quote from: eduffield on August 18, 2016, 12:09:45 AM

...cut....

https://docs.google.com/spreadsheets/d/1BmfW0YGYrnWxRDsW3W3SQy2xdIqi2sArjP1hkiiuUsI/edit?usp=sharing

Each month we're gaining momentum, we started at about $13k/mo in October 2015 and currently next month we're going to have over $100k to spend. This is fantastic, it shows we can grow the ecosystem and as we do, we'll have more and more funding available for the next projects. The model is working, it's exciting. There's a definite relationship between making good investments for the network and the price appreciation, I believe they are causal.

The model really works, it provides funds for development and promotion. Spreading the word grows the user base, and as the node count goes up, the liquidity starts to go down and as the available tokens for sale decreases the price appreciates. Just imagine what kind of support can be given to the network when the blockchain can provide a $100K monthly funding. Something for MUE to look forward to in a few years time?

Yeah, it is a fantastic model which is established and stable and most importantly WORKS!

I had always had a vision for a "sustainable" model, and it just took time for things to develop so we could achieve that.

Hopefully in the coming weeks we too can start our journey down this road, and even if we only achieve 1% of that in the medium term, that still goes a very long way in growing this project.

Thanks for sharing the post.