Quote from: Maxfieldr on August 04, 2018, 04:54:42 PM

Quote from: MickGhee on July 31, 2018, 01:19:48 AM

Quote from: typecast on July 30, 2018, 09:49:02 PM

any steps on running masternodes?

Quote from: gameparadise007 on July 30, 2018, 05:16:33 PM

What will be the reward, once the masternode is activated ?

.

Ok, I like to do things my own way but I guess that I will not be so stubborn.

At Block 15k pos begin and mn pay %75 . For 1 YEAR, blocks remain 1000
At 262980 blocks become 500 and at 30000 blocks become 100 and this is where seesaw is supposed to begin.

I however will (by that time ) have a completely different mechanism in place. I have been working on an economic modifier to balance supply and demand in an infinite (especially high number per block) currency minting system. Masternode will be probably the easiest mechanism for non economics nerds to understand. And quite frankly, The only part I will share publicly.

You see a prosperous economy is about 3 things . Something that is valuable and useful. (Exchange.) A scarce commodity (SIRAJ) and a reason for people to circulate money ( spoilers). PeerX will encourage users to spend SIRAJ everywhere. First,. I have a game that will be simple, addictive and cost tiny amount of SIRAJ ( like gems on Android fremium games) this is not really what I am going to do with SIRAJ but it is something that you can understand with out. 3000 word paper. It's just a fishing game. And my first game coded from scratch.
. But I think that i can make it fun enough to pump a few pennies an HR into.

Ok .... So now your saying but spayse, how is millions of coins a month rare... And to this I say , simple: Economic modifiers.

I will tell you a little about how one can turn a masternode into an economic modifiers

First . Think🤔 how can we print infinite money but still have a shrinking supply...

By making coins disappear faster than they print obviously. The United States of America does this well but it will fail because it's designed to consolidate power into the same hands again and again.

So how?

Variables son!!!

I have been working on my modifier ( iLevls ) short for infinite levels.) And this replaces the seesaw but uses a lot of the functions in a. New way.

Instead of balancing the MN to pos ratio. I want to balance the avail supply against the total amount available. In order to do that, I decided to make MN a dynamic value that goes up higher over time. This is actually going to make early adopters happy.

So instead of the function mNodeCoins being a number , it will equal the current iLevl * the original MN price. So like if the ilevel were 1.05 the MN would cost 10,500 then 1.1 would make MN 11000 ETC...

I'm going to be honest. My first test broke. I have not located the object that check to see if the cPubkey is valid. I am not at a place where I can just dig into 10's of thousands of lines because the exchange is most of my free time . But I am confident that I can find this object and make it check against my formula instead.

So as Time goes on. Pos rewards become less and masternode share grows . master nodes become very expensive the later that you buy one. Eventually, a mn will cost more than is minted in a year 😀

This will lock coins away shrinking the supply. Eventually a mn will be more then exist 😀 and you will only be able to buy from current holders for what ever the market will bare.

Free market economics (well an artificial cybernetic attempt anyway) baby!

This is not really the best way, but I don't tell people about ""bubble economics"" not at this point because it's above my level of c++ at this Time. And I am focusing on JavaScript for now

Quote from: typecast on July 30, 2018, 09:49:02 PM

any steps on running masternodes?

I'm actually going to use my xeon work station to setup a free service but I can't get to it until Fri or sat. It'll be just like those 15$. Services but my supporters get nothing but the best from me. So all SIRAJ holders will just have to setup the local wallet. I will set up the remote and I will setup as many as can run on 3 gh 8 core with 18 gb ddr3 .if I ever go into the black, I will put the first $500 into another newer machine.

This idea is amazing! Does it force existing MN holders to continually add minted coins to their MN to increase their coin supply to match the required MN amount?

That would create an effect where MN holders are also forced to spend some of their minted income to continue to hold their MNs. At some point however, a MN will be too expensive for someone to desire to get one. Then it would kind of back fire because it would create centrality around the initial MN holders and the ones that are willing to continually add to their MNs to keep them running.

By the way, love what you're doing and saying. Most people don't want to push the boundaries and discuss it because they are scared to fail. Very interested in this project and more your intuitive thoughts as well... Invest in people not stocks (I guess coins in this case lol)...

Good insight and thanks for showing me where I can explain better...

So your question about the MN. First, your way (MN holders have to add the amount needed as iLevl increases) would actually work the way I have it... The idea however is to reward early adopters and grandfather them in at the iLevl they bought in at.

Normally, I would agree with you about the centralized group holding most power but for SIRAJ, this must happen. What I have planned for the coin is a way for people to provide/ acquire services.like Support and micropayments for add ons. I really want other people to make apps too.

SIRAJ will also be my guniea pig for new improvements to the economics or other. So it could happen in the future that I would add something that breaks everything and I will have to hardfork. it's actually why I am so obviously creating huge advantages for original holders.

You guys are the ones who will be used to my experimenting and will expect it to happen as more crazy shit is dreamed up. I want/need a community of believers who are like minded and willing to take risks as needed. That's why I think that it should be harder for newbs over time.
I hope we can all stick together and put our mark on this. I'm going to give you guys a way to get bubble too during the closed alpha. (Only bub and SIRAJ can be traded at first) Bubble is what it is really about. With the exchange and later the social media, bubble will have a high enough volume that I will actually be able to test my theories on infinitely minting a deflationary system.

If we can use the fundamental economic principles as a template ( revamped for a bottom up or "bubble up" scenario) , we can tune the system to be more elastic. There needs to be bubbles and then contractions to facilitate new growth then consolidate it into the best system.

I'm going to write something about this in the future to fully explain how free markets could be arranged into a more naturally flowing system. Like a food chain.

You say that I should be cautious of failure, I've never considered that an option(I'm f#cki&g super cereal). lolz ... I'm more worried about what happens when I'm successful. Im going to be very (more) hated at the least.
I'll be thrown in jail at the worst. The bot killing, the free trades, the anarchist-esque message.