Quote from: IconFirm on March 22, 2017, 11:48:46 AM

To be taken out of the miners rewards I presume?

Your explanations for implementing the dash/sdash/scryptdash/crw etc, etc clone are all based on the assumption that the price will go up, where as the reality is that it probably wont - unless you are prepared to use a large amount of your holding to pump the price like the other dash clones have done?

If this masternode idea was so good, don't you think BTC would have adopted it long ago? The reason BTC is so successful is because of miners & pushing them away by almost halving their reward is unwise IMHO. Don't be another Dash clone - be original. People go for originality.

It would be 45% masternodes/45% miners/10% Decentralized management reward per block, so yes it would come out of the miners. I believe the price will continue to slowly drop unless we make a decision that will help create an atmosphere to attract development team members.

I believe that DASH masternodes and decentralized management will help attract development and community members.

The only way we can make this coin unique is by having a development team in place.

We are just a slightly changed BTC clone, and after that we will be a mixed BTC/DASH clone and after that we will become unique.

I don't think BTC will ever change dramatically because that is against it's whole mission goal.

Since it is merged mine your immediate profits might cut to 45% but the possibility for the value to grow is much higher because we have a team working on it.

Quote from: johnwhitestar on March 22, 2017, 06:27:33 PM

I agree that some solution to finance the TRC project should be found and the DASH's masternode system can help.
And once the TRC Foundation have the money to evolve the coin we can go on with the new ideas.
That's why I'm asking again. What advantages we can offer to the investors in this initial stage in order to have money to develop masternodes?
Maybe we can reserve to the investors the possibility to have cheaper masternodes or the right to invest into the first masternodes while the others will have this right later? How much money do we need to have the masternode system ready to use?

In a dream world the initial investment for implementing the DASH masternode/decentralized governance would be from a final round of donations and from volunteer developers who want to join the team.

In reality we will need people to invest in the development.

The Terracoin Foundation is going to have 1 masternode from the beginning. It's profits could be used to pay back investors for the initial development. I have another idea for the profits that I am keeping under my hat right now but if we have to use those profits to pay investors we will. We could set up something like if they put in $100 USD the profits from the TRC Foundation masternode would be split between all of the investors until they get $120 USD or something like that. This could take a while but that it one option.

Quote from: johnwhitestar on March 22, 2017, 08:20:23 PM

I'd like to know if you mean here to limit the number of masternodes at first, or if you just think that only 10 people will invest into TRC masternodes in the beginning because of the relatively high price.

No limit at the beginning but the high price and me trying to keep expectations low is how I came up with 10.

I know the TRC Foundation will have one, and I personally will have one. I imagine the developer/developers will have one and another person told me they would have one, so that is 4 right there. Another six people in a month isn't a far stretch.

The earlier a person sets up a masternode the more their rewards will be, especially because as each month passes they can take 1,000 TRC from the original 10,000 out of their wallet and do whatever they want with it.

Quote from: johnwhitestar on March 22, 2017, 08:27:56 PM

Quote from: hanzac on March 22, 2017, 03:30:58 AM

Developer A want's to develop a software feature, it will need 2 months to complete. Average salary for a developer is 8000 USD. So it will need 16000 USD, around 3500000 TRC! Around 20 % of the total supply.

Do you think it's feasible?

I think that this is a very important point. The market capitalization of TRC is something about 70000 USD so even paying the developers all the TRC that are available at the current price we'll be able to pay only 10 month of developer work.

I think that we have to invest some BTC in this project because TRCs are just not enough to make something serious at the current market price (which is by the way fake, from my point of view).

The initial investment will have to be in BTC, but I think it will be more like 1 BTC to get it up and running. No one is getting paid market prices in the crypto world, though they should be. Almost everyone is working on a coin because they believe the price will go up one day. Hopefully after the implementation people will believe in the project to work for TRC which they can horde for a future time when the price is higher because of their hard work.

Also at that time we get to make TRC truly unique! I would like to think that developers would be interested in providing their ideas, and working on getting them put into action.

Why do you think the current market price is fake? I think the volume on Cryptopia is fake. I am almost positive it is fake, but the price seems about what it should be.