Quote from: luckytimes on July 01, 2017, 08:37:31 PM

Quote from: AltcoinPortfolio on July 01, 2017, 07:31:15 PM

Quote from: luckytimes on July 01, 2017, 05:30:17 PM

Quote from: AltcoinPortfolio on June 30, 2017, 04:05:54 PM

Quote from: Script3d on June 30, 2017, 02:11:52 PM

how much is the block reward , do masternodes earn some percentage of the block reward because i think 1% from the transaction fee alone is low

Staking wallets earn a reward as PIE is POS coin. Once total coin amount hits 84 million, staking reward drops to 0%.

So until we have everything running there is the staking reward. Then the transaction fee. 1% is standard. It is a fair return for providing the service of running the network. The value of PIEcoins themselves will increase with the hardcap.

In addition (if technically possible) we will implement a dedication of masternodes to new businesses. This means businesses requiring company formation (taxes) and hiring of staff etc. can be created by owners of masternodes and all transactions going through their dedicated "masternodes" are revenue for their business. Examples include exchange, merchant solutions etc. These are business opportunities that need to be run as such due to legal aspects alone and cannot be handled as a community solution. PIEcoin is the community.

To earn more running just a basic masternode we need to increase transaction volume (profit=1% X volume- costs).

We need to get PIE out to lots of people. We will implement the plan and help the community to grow.

Any updates on how the development is coming along? Thanks

We have found a programmer. Specifications are under work. Then quote. Then donations via escrow. Then implementation. Quote next week.

Awesome! Sounds great

This programmer is going to handle software interface and everything?

This is the blockchain part. Masternode functionality will be added to the existing PC wallets. Initially the design will remain, due to minimizing costs.

Then there is the new Android wallet. This will have a nice design Wink

It is under construction. The Android wallet is another interface to the blockchain and does not store the blockchain. The coins in the wallet, yes. A copy is stored on the blockchain as backup, if the wallet/phone is lost.