Quote from: starsailor11 on March 01, 2018, 03:48:32 AM

Quote from: honglu69 on February 28, 2018, 07:14:03 AM

Update (Feb 27, 2018) on DISCORD Channel: Today a new member jonn joined Marinecoin DISCORD and had a very good Q&A conversation with Core Dev Bruce Wayne. In this conversation, Bruce disclosed quite many new exciting information on MTC's past, present and future.

Bruce first addressed concerns on the supply of old Marinecoin issued in 2013 and explained that the total supply of old Marinecoin should be only around 150,000 MTC or only tiny amount compared to 9.7 billion current total MTC supply. Yes, these old coins still exist today but they are insignificant.

Bruce further stressed that Marinecoin is community based coin and there is no boss in this project and Marinecoin blockchain is controlled by guardians. Anyone can become a member of guardianship program with 10 million MTC signed wallet.

On the future of Marinecoin, Bruce said that "we will have Jarvis ICO after the completion of this 20,000 MTC seed members. We will offer Jarvis to up to 1 million people and 1 MTC = 10,000 Jarvis." On Jarvis coin project, Bruce said that "you have to be a member of the guardianship program to access proprietary information about the project. You will need to buy 10 million MTC either from exchange or investor ICO and finish the seed node verification process with your privately owned domain name. That domain name is hard coded in all GUI wallets. The minimum requirement is you operate at least full seed node and link a sub domain to that seed node." Bruce explained that all wallets are nodes but not all are seed nodes. The GUI wallet initial sync and connection can only occur by a trusted full seed node, which only come from certified guardianship program. Guardianship is for life as long as the guardian maintains the server with current costs around 5 USD a month. Guardianship improves Marinecoin decentralization and removes the ability of making code changes that may harm the value of the MTC in the wallet. However, marinecoin network won't be slowed down even if no one signs up for guardianship.

Jonn asked if it is the plan to get the coin into daily life and how should marinecoin and Jarvis coin being used for. Bruce answered that the question should really be "Does it have value?" Marinecoin can be used anyway today or be converted to USD. Marinecoin can be used in any situation from nano payments between two lot with nearly zero fees to general use such as bitcoin. Jarvis coin is part of Marinecoin it won't affect inflation. One can only convert existing MTC to Jarvis. No Jarvis will be issued. it will be created by sending MTC or destoyed by sending Jarvis to MTC. 1 MTC is 10,000 Jarvis.

jonn: "why are two coins needed?"
Bruce: "we will have hundreds of coins in the future for different interests and countries all issued by sending MTC. You will be able to create a jonncoin by sending MTC and distribute it to anyone with your logo and they will be exchanged at any market where Marinecoin is accepted. "
jonn: "This is called Branding. got it"
Bruce: "One example is my son plays the computer games on steam I will send 1000 MTC to his Jarvis wallet and he will have 10,000,000 Jarvis. I will tell him to share it with the other kids he is playing online games with. He will send 100,000 Jarvis to all of his friends in exchange for roblux etc. At the end they will be back to MTC if needed to be converted to USD. Jonncoin value will be fixed by a predetermined number to MTC, so you will end up spending real MTC to determine the jonncoin total circulating supply. You can fix it to 1 to 10 or to a million jonncoin per 1 MTC"

jonn: "understood. so to become a guardian costs 10000000 mtc x 0.000029 = $290?"
Bruce_Wayne: "For now yes"

At end of conversation between jonn and Bruce, Bruce further disclosed on the latest airdrop progress that Marinecoin seed membership surpassed 2000 last week. There are already 4000 f1cx exchange registrations and nearly 2500 of them are members in the Marinecoin forum. Bruce also indicated that core dev team have all these peoples contact information SMS and emails and will start a massive campaign to motivate the community in the future.

Honglu, I am so grateful for your contribution to this project. It's easy to lose track of conversations on discord, and this is such a fantastic summary. Thank you.
This is my first time hearing about the guardianship program, and an actual example of MTC and Jarvis used in a real life setting! It just got so much more exciting:)!!

One question though, is the guardianship program similar to masternodes?
Very bright future ahead MTC<3!!

I second what Starsailor said Honglu. Your summaries are exactly what the community needs, can't thank you enough for doing these!