Re: [ANN][OC] Orangecoin ★★ POS ★★ Anon Transactions ★★ Masternodes

hmmm we have 3 kinds of oranges here

ppl trying to make the sweetest deal they can for their planned Mnodes
ppl trying to preserve the equity that was promised when they bought into the coin
and the devs caught in the middle

I'm more worried about overpaying the Mnodes than under. OC pointed out yesterday that the price of orange is going up, 10x and more. so maybe we should have some way to adjust the Mnodes rewards, keep them fat and happy but not obscene.

Ok how about this?

Quote from: Orangecoin on June 09, 2014, 02:32:02 PM

Coins produced PoS PoS rewards Masternodes MN rewadrs
1 50,000,000 20% 10000000 2% 1000000
2 61,000,000 10% 6100000 1% 610000
3 67,710,000 5% 3385500 0.5% 338550
4 71,434,050 2.5% 1785851.25 0.25% 178585.125
5 73,398,486.375 2.5% 1834962.159 0.25% 183496.21593
6 75,416,944.7503 2.5% 1885423.618 0.25% 188542.36187
7 77,490,910.7309 2.5% 1937272.76827 0.25% 193727.27682
8 79,621,910.7760 2.5% 1990547.76940 0.25% 199054.77694
9 81,811,513.3223 2.5% 2045287.83305 0.25% 204528.78330
10 84,061,329.9387 2.5% 2101533.24846 0.25% 210153.32484

See how the last column goes up exponentially, what if we deduce the % in a reverse exponential function and shift that extra to more PoS or longer. Meaning do it so that even then though the amount of coins raise each year, the Mnodes still receive the same constant amount.

I think a price like this can only be realistically and efficiently set by the free and constantly changing market, so it would be optimal (if possible) to have something like bidding every year, with the devs deciding who gets nodes based on performance expectations and price (lower bids). We just don't want to end up with some pay plan set in stone that pays nodes way beyond reasonable.

Lets not for get the masternodes buying the req. amount of OC to start one will also raise the over all price. They should raise together in ROI, this helps offset the cost to buy the OC at start up. Lets not for get that if OC raises to $2 per coin it will cost $4,000 to start one, and that ROI needs to be equal to coins price.

Does that mean the maximum price is capped because the cost of future Masternodes is dictating the price? If the price explodes regardless, then we'd be paying premium for new MNs. But MN would be making that much more if the price hit that. The 'buy-in amount' schedule should decrease and increase depending on the price with 2000 OC for 10000 satoshi being the baseline, if that's the concern.

And the $4000 figure will fade out of history with all fiat. This is part of the transition, and will be realized when the cost hits $10k for 1 'any-coin' and it wakes people up to crypto, by then, fiat portfolios will be worthless as everyone runs to crypto....