Quote from: cryptoba on June 11, 2014, 10:01:24 PM

Quote from: Jim_Rambler on June 11, 2014, 09:24:28 PM

Quote from: btcMagnet on June 11, 2014, 08:53:48 PM

Quote from: cryptoba on June 11, 2014, 08:12:07 PM

Could the MN-miner gang step up and show themselves Cheesy

BTCMagnet I have to admit a few things are too technical for me, but I think that you might be exaggerating a bit with the MN gang ! Grin

the MN-gang is theoretical on my part, i hope they turn out to not exist at all.

But the probability of $80,000.00 plus price tags on this service is a matter of mathematics, not theory.

and it's just way too much, and figures (very soon) to be even more by my calculation,
btw i dont think even the creators of this coin realize its potential.

such astronomical overpaying would be an unnecessary drain on the oc economy for decades,
ie we could get the same, and prob better, service with a free market system.

This principle is basic in all economic systems, and it is being total ignored by these hopeless attempts to divine and dictate the future value of orange. You can't promise to pay a fixed amount in given currency for the next 45 years without having some clear idea of what that currency will be worth over that span of time. Orange is going up in serious multiples soon, which makes this blind promise an unbelievably bad deal for the orange community.

We are all sick of hearing this "paying for" and "$80,000 price tag" these are all numbers and words you have came up with. And you act like they are real, it makes you look like your arguing with yourself. We have decided to borrow this amount of coins from our children to help better the coin and raise the value now. If the original spec said 41 years and not 46 years, I'm sure you would have invested just as much and done nothing diffrent. If your still a stake holder in 41 years, and bitcointalk is still around then we can talk about this more. Do I plan on orangecoin lasting many years past it's 42st birthday? Yes!!! However I also plan on that same day looking back and thinking what a great choose it was to pay for masternodes. Once again if you want to be upset at $80,000 price tag for masternodes then, also be upset about that same price tag being $800,000 (10 time more) for PoS. PoS only allows normal transactions, not running a server with up keep prices and un spendable coins.

I understand that Jim Rambler, who has been working hard and good, is a bit pissed off with btcMagnet who always comes out with the same points. Even if, the toughts of btcMagnet might very interesting, he just created an account on the 7th, so btcMagnet as to understand that by such technical points, he should accept that is position is not easy to understand and should try to be more diplomatic.

The math proving these excessive figures has been posted several times already, few are attempting to deny the amounts; the current thinking seems to be that $80k a year (or 2 or 3 times this) is a reasonable charge for this (relatively lightweight and minimal-investment requiring) service.... which is what i dispute.