Quote from: Tomflex on January 05, 2018, 12:45:58 AM

Quote from: More.Hash on January 04, 2018, 09:02:13 PM

Quote from: redsun17 on January 04, 2018, 04:45:01 PM

Miners need to regularly monitor their pools and payouts, to make sure they are mining on the right chain. Any investment - money or hashpower - is ultimately at the investor's risk. When you are mining a brand new coin, pools drop in and out regularly. Mining any coin that is less than 6 months old involves checking payouts several times a day to make sure the pool is working.

Now, should the dev team try its best to monitor pools too and inform them of forks? Yes, of course. But that doesn't somehow make them responsible for rogue pools that refuse to get on the right fork even after being told to do so. Maybe this will put some of you off, and make you want to go to other coins that more carefully monitor their pools and have devs that communicate better. That's okay - you should mine a less risky coin if that's what you want, but your rewards will also be lower. POLIS is FIFTEEN DAYS OLD. There will be risks and growing pains. The reward is much higher because these risks make other investors and miners stay away.

Those looking to get one week of MPOS mining back are just trying to get all the upside of POLIS' riskiness without suffering the consequences of risk. You took the risk by mining on MPOS, whether or not the dev team could have communicated better. But now that the coin is worth millions, you want to erase the past risk you took. That make no sense. I think MPOS miners should be compensated for any mining they did in the first 24 hours after the fork was discovered. But anyone mining after that just isn't paying attention, and isn't properly managing risk.

Let's take a look at this coin's FUTURE, not the PAST. From what I've learned on discord and seen elsewhere, this is what POLIS has done in FIFTEEN DAYS:

1) POLIS is on CoinsMarkets, which is having some trouble for the whole exchange (upgrading servers), but last price was about 60-80k sats ($9-12, average of $10.5).
2) POLIS is also on TradeSatoshi and Stocks.Exchange. These exchanges have very little activity (which makes sense, because supply of POLIS is super low, no one wants to sell).
--> So POLIS has gotten onto three exchanges that are good for early altcoins

3) POLIS Cryptopia listing has been paid, and is expected within 1-2 weeks (according to dev team - remember there is always a risk that something goes wrong, no listing is final until listed)
-->So we have potential to get a huge volume boost very soon, and hopefully this will keep the price at $10.5 or maybe rocket it higher

4) POLIS is already on https://masternodes.online/currencies/POLIS/
5) POLIS is being added to https://masternodes.pro (See "Coming Soon" tab)
6) Several community members have made Coinmarketcap requests
-->So marketing is very aggressive.

In another 2 weeks, this coin will be ~1 month old. If everything works out - and I can't promise it will, there is always RISK with altcoins - it will be a one-month old coin on Cryptopia+3 other exchanges, with multiple listings on masternode ranking sites and Coinmarketcap.

There is always a TRADEOFF. Yes, the dev could have monitored/communicated better. But then the dev might not have accomplished the 6 things listed above. There would be smoother mining, but the coin being mined might not be getting on four exchanges and 3 marketing sites, because dev would need to spend effort monitoring pools. That effort has to come from somewhere.

I'll let you all decide for yourselves if you want to quit POLIS just because MPOS pool dev ran off on December 28 and miners didn't check their payouts every day like they should have on a coin LESS THAN TWO WEEKS OLD. Yes, it suggests shitty communication from devs - that LOWERS the value of POLIS because many people wil ragequit and FUD, and there will be LEGITIMATE concerns about communication. But the dev is working on other stuff and accomplishing a lot - that RAISES the value of POLIS. It's up to you to decide which effect is bigger.

Edit: And to those who will inevitably respond that this is still the POLIS dev's fault: okay, let's say that. Let's say (just for the sake of argument, I don't agree) 100% the dev made a HUGE mistake by not getting you to stop mining on POLIS on MPOS, by not doing a better job communicating it should be removed, by leaving it in the ANN (if that's true), and that the dev is offering zero compensation for the mistake (if that's true). That's really really bad. It suggests bad communication, not caring about miners, etc. etc. You would be right about all that. This DOES reduce the value of POLIS a lot. But because of everything else the coin has accomplished, it's still looking like it could be successful. Coins can succeed with bad dev teams.

what polis really did:
1) some forks out of nowhere ( i was in contact with one pool operators, who got more grey hair between the years than it should have been)
2) a strange change in the concept from 25% mn reward to officially 75% reward
3) after pointing that it is not 75% reward (claiming that it was the communities will) the ann was simply changed to 80%.
4) pumping this coin to get on top of masternode.online by just switching the MN reward

so tell me this is not a scam

a) no white paper
b) dev acting at his own will
c) pumps from outer space

any questions?

@redsun17 I love you for this post! What a pleasure to read and totally on point!

@More.Hash

1) The forks happened because a issue in the initial wallet release was found which required to get urgently fixed. But this caused that most of the nodes were running on different wallet versions, which was complicated by the fact that some nicehash miners pushed the network on the wrong chain.

2) The "strange change of concept" has been discussed with the community and done trough a voting - indeed it happened very fast, but nobody could have known at this moment, that this coin gets that much attention that early and were listed on several pools right from the first day as well as on coinsmarkets - so everything happened way too fast that it was running really stable. But it is now - the dev allready fixed issues, other x11 coins do not even know they have got. ^^

3) The original block reward = 10. So 2,5 were going to the masternode and 7,5 were going to the miner. (25% / 75%).

Because of the really fast growing number of masternodes (194 at the moment i'm writing) the dev asked the community if he should change the rewards - and the community voted for it.

So the the block reward was initially changed to = 20. So 5 were going to the masternode and 15 were going to the miners (25 / 75%). And then he changed it to 15 to the masternodes and 5 to the miners as requested by the community.

I don't know exactly why it has changed to 4 to the miner 16 to the masternode (20%/80%) right now, but if you would like to tell me that miners don't accept more then 50% MN rewards, then i must proove you wrong, because Polis is not the first coin that is working with this configuration.

The miners mine everything that is profitable. Why shouldn't they do else? And they always have got the chance of the lucky pow reward and earn a 100 times the usual reward.

About

a) Its a community coin - the community will create the whitepaper together but its still a little bit too early
b) The Dev is always in contact with the community like as well with the pool operators or exchange operators.
c) If some people believe in this project and buy this coin this are "pumps from outher space"? Huh

I don't get which alien told you this information! Cheesy

true that! well said and i think most masternodes coins should be like that.. and tom really active in discord so thats really big help!