Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - POS 2.0 - ZEROCOIN PROTOCOL
by
Ricklosti
on 01/04/2017, 06:13:42 UTC
Good evening friends. How many PIVX are in circulation? What is coin cap limit? Interesting project here...

Welcome. This information plus a lot else is available in the OP here:

https://bitcointalk.org/index.php?topic=1262920.0

...and even more info is available on the official PIVX website here:

https://pivx.org/

If you're interested in masternodes, both of the above plus:

https://pivxmasternode.org/

http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html



Thank you friend. One thing I notice is that PIVX requires one to put up 10k PIVX for a MN. Why did you choose 10k vs 1K like DASH? It seems PIVX MN are already more valuable than DASH in a way? What are some advantages of a PIVX node vs DASH node?
PIVX Masternodes require 10,000 coins. For every Masternode in use it means 10,000 coins are taken out of circulation to service running it. There is a limited supply of Masternodes... Right now there is about 53,000,000 coins and so right now the maximum number of Masternodes possible is limited to about 5,300. (53,000,000/10,000)
Masternode growth is limited to coin supply growth which will be 5 coins per minute (block time). But since coins are distributed all around in smaller amounts, there can't really be 5,300 Masternodes because not enough coins for everybody to set up a Masternode. You must work to achieve the masternode. This gives it value and backs its own value. This whole design perpetuates the rarity exponentially because as more Masternodes are created the coin gets even more valuable which drives up the benefits of having a Masternode. This in turn then continues to drive up the demand even more for people to achieve the 10,000 and take them out of circulation. But every time this happens the coin will only get rarer and more valuable and it is a never ending cycle of perpetual wealth generation for everyone holding the PIVX coin.
Why? Because if you can achieve 10,000 coins, and create the masternode, you are then guaranteed to find a block at least once per week. PIVX is basically designed to pay you to buy it and save it and take its coins out of circulation. It is the true saver's coin. It's a win win because even if you don't have a Masternode yet, we all benefit just owning any coins at all we will catch the ride and increase in value.