Quote from: bible_pay on September 21, 2017, 10:29:54 PM

Quote from: maarekelets on September 21, 2017, 09:54:52 PM

One thing I've never completely understood is how sanctuaries will be implemented. When they are established, how exactly will selections be made on which nodes become Sanctuaries? Is it a matter of putting in a stake?

Yeah, like Togo shows, when you invest in a sanctuary, its sort of like renting a seat at the stock exchange. As long as you hold the seat you receive the privilege of voting on governance issues and receiving a monthly reward (approx 10% of the cost of the seat comes back to you in revenue per month, roughly, depending on how many sanctuaries exist). The escrow amount is still in the air, West is doing some simulations on that. Its probably between 600,000 and 1 million BBP of escrow. The escrow provides a useful service - to allow us to offer instantsend - that means coins can be sent from point a to point b instantly.

Very nice... gotta keep on mining lol. Still working up to 100K, but time will see that happen.

Been reading the github in my (rare) spare time and am starting to get a few for the codebase.