Quote from: Halofire on June 07, 2014, 05:13:25 PM

Quote from: Jim_Rambler on June 07, 2014, 04:44:45 PM

Yes this chart was just showing how we came up with the numbers. The reason "E" was said to be a % was because "E" is going to take a % away from the PoS reward.

Yes only 11 months left, we are still working through how to merge the masternode start times. We either start the masternodes 1 month (depending when) behind. Or we add the 100k Orangcoins, the masternodes would have made in the first month to the final amount of coins.

Another thing, this clearly re-arranges the economics of the coin, no matter what scenario. Here are the scenarios.
A: take the MN payouts from the original specs which hurts every investors PoS returns.
B: shorten the time period of PoS minting to, say, 40 years, which the 6 years of minting would be released faster into circulation but everyone still gets what the original specs stated for investors. The actual coins/time period would reflect the MN payout schedule of 2% so it might not even be 6 years, it would be less. 2% of 200 million is 4 million coins, and it isn't enough.
C: add the MN payouts to the total coin cap, for total cap 204 million coins. Still isn't enough... increase cap to 220 million over 46 years and devote the 20 million to the MN

B and C are less detrimental to the investors, and the model might be why price is suffering. 2000 OC is not very much per node and the price would have to rise substantially for the interest earned plus profits to make $5 per month to cover fees. People were buying large amounts to cover the requirements, and now that requirements are so low, ppl are selling large amounts.

Since this affects all OC holders, it should be decided in a vote, not centralized around the 2 devs working on this. The whole point of MN is decentralizing the nodes and anon comes from that. Not trying to start trouble, but I'm here for the community as well.

Also, my numbers are just thrown out there as examples, not based on any calculations.

Afterthought: cutting the 2.5% pos after year 5 down to 1-1.5% has reduced income earned for stakers by 50%. It's 4% for 2% on 20%.

Your 100% correct, you are all stake holders and doing this anyway will change things no matter what. This is part of the reason we spent so much time working through the numbers before posting Proposed numbers. It is also why we decided to post the math behind the numbers rather then just posting a set of numbers. Everything you brought up, we also brought up and more in our many conversations leading up to today. We will revisit evrything you brought up about "re-arranging the economics."

I do need to point out the reason we went with the 2000 OC as it relates to price. We have already said that the higher the amount the more pulled out of circulation, however it has something to do with price as well.

It is really the opposite of what your thought is, I know it was a surprise to me as well. Here lets say the avg. person wanting to start a masternode and they need to go buy the amount of coins to open one. Lets just for an example say they want to spend $400 on that amount.

Using that number lets play out 2 diffrent examples, one with MN req at 10,000 OC and one with 2,000 OC.

10,000 coins for $400 = $0.04/coin
2,000 coins for $400 = $0.20/coin

So to earn the $5/ month fee for the server, at $0.04 = 125 coin and at $0.20 = 25 coin

So with high coin amount req. it lowers the price per coin, increases the amount of coins needed to be paid out and takes more coins out of circulation.

It may take a little time but you must understand that masternodes will raise the price of the coin.

Unfortunately you are probably right, there was a few reasons for a few bigger dumps today. I'm sure a few people saw that masternodes may be a little to tech for them. Which will not be the case once they see the instruction guides I believe. I was also worried about people not aware of the Static IP for multiple Masternodes on 1 server. Then there was some people thinking the req amount would be higher. This was part of why we wanted to do the masternode release in stages. To get people info ASAP and let the not so tech people feel more comfortable with setting one up.