Quote from: altmarket3 on Today at 10:23:38 AM

I'll just note that once again, as is tradition, nothing is your fault.

Not indefinite delays, not lack of PR, not lack of results, not failed deployments, not lack of documentation, not lack of attribution to previous work.

Nothing.

It's all a big conspiracy against y'all, right? Or things being "unexpectedly" difficult. Or "temperamental artists", or "shitty family", or "some guy" posting on fucking Bitcointalk.

I mean, I get that that's a much better feeling, but it won't get you much of anywhere, I'm afraid.

What are you on about? You guys just love twisting words around. I don't know how any of those things you listed have anything to do with me, and some of those things aren't, to my knowledge, even a thing.

Whatever. I'm not whining, as should be clear from my last post, but the troll accounts like "Altmarket3" do have a regular habit of the least charitable interpretation, so at least you're consistent I guess. Roll Eyes

I'm not going to reiterate in detail how idiotic it is to claim there is a lack of attribution in the work-in-progress codebase when there are literally over 11,000 attributions right there in the commits plus one in the description. Not my problem if you can't use GitHub or can't be honest about it if you are able to.

No PR isn't "somebody else's fault" anyway, there has been PR, just not in a while and not at scale because there's no sense in wasting money before the right time. This isn't a PND like you want it to be; that would be PND behavior. The point of me mentioning that there hadn't been PR was more a suggestion of readers considering the results once there actually is, which will happen when the time is right.

It's so weird how these attacks claiming the project is a scam are so often based on the NON scammy behavior. Fucking silly.

That said, what PR has been done has been largely small scale tests which have actually done quite well. Lots of coverage of the ODBcoin pre-launch, for example, including plenty outside of crypto press.

Oh, and there is actually extensive documentation, I just haven't posted it here yet since it's a work in progress.

Look what happened the last time I posted a work in progress. Massive waste of my time debunking nonsensical plagiarism claims when the citations and attribution are all right there wether you care to acknowledge them or not.

Quote from: altmarket3 on Today at 10:23:38 AM

Also, your insults notwithstanding, it seems to me you're actually the only guy in the whole Tao "community" that's actually doing any sort of real work. You might want to use that energy and drive for something or some group that'll actually appreciate that.

I only insult people who are wasting my time like yourself. Your entire account exists for no other purpose. Why don't you do something productive?

And many in the Tao community have said they appreciate my efforts more than once, so again, not sure what you're talking about.

There are others helping out as well, like Mike who has been busy updating and editing the voluminous documentation, something I've been helping out with just recently as well.

Anyway, I'm going to now post about something more interesting than wasting my time verbally fencing with you.

Let's talk a little about a couple of the technical specifications and the masternode economics.

I'm really looking forward to setting a masternode up for myself. This is what I've been waiting for; creating a sort of basic income for myself, quite at contrast with the short term mindset of the troll accounts hovering gnat-like around this project who all are obsessed with dumping coins. Roll Eyes

So first off, the new EVM-based Tao network will be DPOS as previously mentioned, and will activate the masternodes which have been discussed since the Tao launch but never implemented until now. For this explanation I will use the abbreviation mn interchangeably with the full spelling.

Tao will feature 5 second average block times and the block reward will be 1 TAO per block. This will lead to an average 17,280 blocks per day, and the same number of TAO generated daily, which will be disbursed to all of the masternodes as well as to the delegates pledged to those masternodes.

For each TAO going to a masternode, 50% goes to the pledged delegates split proportionately to their pledges, 40% goes to the owner of the mn, and the balance goes to the board of governors to fund further development of the network.

So for each TAO disbursed, .4 TAO will go to the operator, .5 to be split up proportionately to the delegates, and .1 to the board of governors.

The board of governors will be elected from the active masternodes by all Tao holders by amount of pledges per mn.

DPOS will work better for people with smaller balances since they will always earn proportional staking rewards when pledged to an active masternode, unlike traditional POS blockchains where people with small balances often don't get a chance to stake.

To clarify terminology for those who aren't familiar with DPOS, a masternode is an active node on the network and in the case of Tao requires 100,000 TAO to set up. There can be a maximum of 150 masternodes at any given time, a number which has been discussed within the Tao community for a few years now.

Which masternode candidates will be active is determined by the amount of delegates pledged to a given mn. This means anyone who holds TAO can basically vote for a mn by temporarily locking their funds into a smart contract linked to that mn. This is called pledging delegates.

At first there will presumably be fewer than 150 mn candidates so anyone who sets up a mn following the detailed instructions in the documentation will participate as active masternodes. After more people set theirs up that will create competition and incentivize mn operators to make sure their server specs are as robust as possible.

And yes, this will be something best done on a server rented through AWS or DigitalOcean or a similar service, not on your laptop let alone a Raspberry Pi.

So, now let's run some numbers and talk economics.

As mentioned, there are 17,280 new TAO generated by masternodes daily. This would total 518,400 in a 30-day month, or about 6.3 million in a 365 day year.

We'll consider two scenarios. One will be an initial scenario where we'll assume 25 masternodes in operation early on, the second will be further down the road when there are the max 150 mn in operation. We'll focus mainly on monthly income because I like to think of it like a basic income of sorts, or you could think of it as a business with monthly costs and profits if you prefer that model.

I won't bother talking about hypothetical future prices but will just go through the math using 2 cents per TAO as the price, which is half the price of ~4 cents per coin as I write this on April 20th, 2020.

Prices are in USD and should be considered examples. The point of this exercise is not to make a promise of earnings, but give you the formula I'm using to reach my projected numbers so you may run your own numbers and of course check my math.

17,280 per day * .02 = $345.60 average per day,
$345.60 * 30 days in a month = $10,368 average per month generated in total

This is then split between the block producers (masternodes) so

if 25 masternodes, then $10,368 / 25 = $414.72 monthly average per mn
Masternode operator $414.72 * .4 = $165.88 monthly average
Pledged delegates $414.72 * .5 = $207.36 monthly on average, shared proportionately
and then the share to the board of governors $414.72 * .1 = $41.47 monthly avg from each mn
if 150 masternodes, we'd be looking at $10,368 / 150 = $69.12 monthly per mn
Masternode operator $69.12 * .4 = $27.64 monthly
Pledged delegates $69.12 * .5 = $34.56 monthly, shared proportionately
and then the share to the board of governors $69.12 * .1 = $6.91 monthly from each mn

Now there is no sunk cost for the delegates beyond what they paid for their Tao in the first place.

Mn operators OTOH have to pay server rental fees. These fees would start at about $40 per month, based on DigitalOcean pricing, and then as things become more competitive and resource intensive as the user base and blockchain both grow, this could soar to $320 a month, possibly more, again based on DO pricing.

So right out of the gate, it should be very profitable to run a masternode, assuming the 25 mn estimate is accurate.

I've given you the math so you can plug in alternative numbers and see how it works out if there are fewer to start with, but 25 seems like a plausible approximate starting number. 150 is the max possible so we can be confident projecting the worst case scenario given any given TAO price per coin.

I do think it is reasonable to assume that if more people buy the 100K TAO needed to run a masternode, this would likely result in the price of TAO rising due to slippage. Again, I'm not going to speculate here on future prices, but I don't think that's an unreasonable assumption. YMMV.

I've been having fun running these hypothetical projections, so I thought I'd share the math with you so you could run your own. This of course should not be construed as investment advice. If you see any errors in my math, please feel free to mention it and I'll be happy to revise my numbers.