Quote from: KomodoPlatform on June 12, 2017, 07:46:43 AM

Quote from: Randy Labs on June 12, 2017, 06:54:14 AM

Quote from: KomodoPlatform on June 11, 2017, 02:56:40 PM

Quote from: Randy Labs on June 11, 2017, 02:22:31 PM

Quote from: jl777 on June 07, 2017, 03:03:54 AM

I predicted the second elections will be a lot more competitive, it seems I will be right.

Notaries are currently grossing about $100 per day and this is a nice reward for all the work they put in to get to where we are today. They all took a risk that they might just barely cover costs for all their troubles, but the upside is to have the income increasing without any cost increase.

The quick response of the notaries allowed us to detect and thwart attacks and in general keep the blocks generated smoothly. Moving forward, I think the community will be scrutinizing the actual contributions that each notary makes and vote accordingly.

There are many ways to contribute and one of the most important is by being a developer. We are looking for more devs and while I cannot promise that an active and productive dev will win a notary spot, I can say that they have a very good chance of being elected.

The formula is that a notary node makes about 80x the price of KMD per day, so as the price keeps going up, this starts becoming real money. What if KMD had a few dozen devs who never had to worry about money and could just code cool things for KMD?

What are conditions required to be a candidate for the next election? How can I nominate?

Anyone can be a candidate. The KMD coin holders just have to vote you in. If you receive enough votes you will become a notary node operator.

Thank you for reply, does that mean I can get elected, then start my notary server after the election? Is it required for candidates to have a notary server running BEFORE the election?

Who ever gets enough votes will get the special key that allows them to run a Notary Node.

There is some deadline for the newly elected notary nodes to setup their system. If that deadline is not met then another in line will be elected. I don't know what that DL is - undecided.

I understand now, thank you for explaining the situation