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Showing 5 of 5 results by Bloodpainter
Re: [ANN][OC] Orangecoin ★★ POS ★★ Anon Transactions ★★ Masternodes
I just want to point out, I don't have any affiliations with btcmagnet, but I think in terms of innovation we are in a somewhat level plane of what needs to happen over time in the crytpo scene for successful coins, not with specific ideas, but with advancement. Anon is what I would call mid-life in terms of a needed feature cycle between all crypto currencies, and in a couple months this will be a standard feature, I just want to see unique features, ones which separate this coin from the others, and I appreciate all the work you devs have put into this coin, and as I said before, I really appreciate all the inner workings and open talks that this coin has, that in itself IS different.
A member like btcMagnet, while he may seem angry or offensive at times, in this thread actually is not drown out by zealots of this coin whereas in other threads he would be silenced rather quickly over the wave of hatred, a feature of the thread/coin I have invested in actually.
Jim, glad to hear you guys have other stuff planned out, and I don't care if you would use my half baked idea anyhow, I only have a very basic programming experience, so I wouldn't even begin to understand the undertaking that would be.
The only thing I ask of you guys from an investment angle, is that I hope you guys don't do pre-announcements to pre-announcements, just release it when it is ready. I read a quote from another thread that I really liked:
Better to not announce anything and release something amazing that no one expected, than to announce something and be an hour late, we want the former panic, not the latter
A member like btcMagnet, while he may seem angry or offensive at times, in this thread actually is not drown out by zealots of this coin whereas in other threads he would be silenced rather quickly over the wave of hatred, a feature of the thread/coin I have invested in actually.
Jim, glad to hear you guys have other stuff planned out, and I don't care if you would use my half baked idea anyhow, I only have a very basic programming experience, so I wouldn't even begin to understand the undertaking that would be.
The only thing I ask of you guys from an investment angle, is that I hope you guys don't do pre-announcements to pre-announcements, just release it when it is ready. I read a quote from another thread that I really liked:
Better to not announce anything and release something amazing that no one expected, than to announce something and be an hour late, we want the former panic, not the latter
Re: [ANN][OC] Orangecoin ★★ POS ★★ Anon Transactions ★★ Masternodes
Jim,
Does this mean you guys are looking into a auto adjusting MN payment system? That would be quite a new idea/system, and if so should be announced if you guys are looking into this. Would cause some serious investment...
Does this mean you guys are looking into a auto adjusting MN payment system? That would be quite a new idea/system, and if so should be announced if you guys are looking into this. Would cause some serious investment...
Re: [ANN][OC] Orangecoin ★★ POS ★★ Anon Transactions ★★ Masternodes
Ok I'm on my moblie but will be at my 80+ spreadsheets in a little while here.
btcMagnet : what do you feel a comfy amount in $ is to pay MN and I will work the numbers out. I'm being for really here, do you like $50k or $30k what do you feel is a good number? Just a rough number so I can work out the grid for use all..
i don't think i could divine or dictate these numbers any better than u could,btcMagnet : what do you feel a comfy amount in $ is to pay MN and I will work the numbers out. I'm being for really here, do you like $50k or $30k what do you feel is a good number? Just a rough number so I can work out the grid for use all..
but i do know how to get them.
first we don't mind overpaying a little the first few months, but if were going to pay in orange
we have to be able to control the amount. eventually we pay just enough to keep em lining up for a MNs, but we don't just throw tons of money away for decades.
idk, so what does it cost to set up/and maintain an MN? we want to be generous, especially in the beginning. this has to work.
if someone invests say $1000 or a couple of btc for a year, we should probable arrange at least a $300 to $500 (30-50%) profit for the first 6 months or so, but even for that period we would need to control OC amounts, unless we promise btc or USD equivalents (which would also vary OC amounts)
i think there is also a limit to the number of MN we will need at a given moment based on historical user traffic ratios,
50% more than we seem to need would be one thing, while 10x what we need would be something else.
so we want to overpay at first because this service has to be first class all the way, and we want to always have a fluent number of nodes, ie more than we need by some comfortable %, say 15-30% maybe.
but we need a way to control the OC payouts down the road, we simply cannot make long range payment plans in a currency we know is going up dramatically, but not how much, this would be self destructive.
yeah halo if dark needs any piece of wise-up intel, it's that 4 mil figure, which is almost 10% of their cap
so every ten years or so these simple trans stations get the whole bleeding cake
anyway we need control down the road, no getting around it, that is the mistake dark made, and we don't need to repeat it.
i think a tranpay (earlier post) method might solve all the problems with relatively little programming,
and it would only cost a fraction of the blind payment plan. But anything that allows the market to function naturally would work.
Cool let me work out a model for you based on a % of coins in circulation, giving a stable amount in MN so that transaction can go through. Seeing how we have no idea what amount of transaction will go through MN we will just use a % of total coins out there.
Good point should address this whole "software" wallet mod. Servers take time to set up, while I get where your coming from. Bumping to price or any other bidding, just will not work. Like you said we must have this whole system running as smooth as possible. And like you also said to some extent must over pay for it to run with a buffer. Now I feel like your looking at this like in a time of need MN will just run quickly to be added. We need a solid % of the total coins in MN earning an amount just a little higher then if they had it in a wallet staking. So that we are not trying to send transactions and waiting for the MN number to pick back up.
Sorry to quote so much, but would there be a way to have a scalable MN payment system basing it off of total coins in existence and # of masternodes in existance at any one time? Hate to bring up examples of other coins, but say maybe similiar the PoS system of VRC, but in masternode payments, using the variables I was describing?
Perhaps this wouldn't be implemented right away (as I'm sure you guys are damn near done with the masternode coding/ percentages), but with a later revision perhaps?
This would definitely be a unique idea, would get orangecoin some serious looks from everyone....
Re: [ANN][OC] Orangecoin ★★ POS ★★ Anon Transactions ★★ Masternodes
snip.... I am skeptical.... snip
The most conservative aspect of my estimates is the fact that I used BC as a comparison, which is not even an anon coin. (could have used dark you know, even when compensating for the difference in total number (12 to 1) this bumps the 80k figure to well over 300k per year for the service in question)
And here's a free tip... any coin that is not anon is going to be very seriously disadvantaged when ppl generally realize that non-anon coins (including btc btw) leave a double-wide trail engraved in digital stone.
because... At least half the wealth flowing into cc is trying to escape being tracked somewhere down the road.
I want to first thank you for not taking my words as attacking your point of view, and thank you for welcoming me, I've been paying quite a bit of attention to the crypto scene for the past few months, and we need very opinionated people like yourself here.
anon is a good feature, but it is just that, a feature, and in a few months will be a STANDARD feature among coins as an option to how we can spend our cryptocurrency. Laws of diminishing returns would say at this point, if orangecoin devs release just the anon, with no good followup innovation within a month, this coin will experience a bump to 1k-2k sats, then probably stagnate and wither. Darkcoin gets to ride the anon wave, as they were first, so their price will stay inflated due to the expansion of that feature, that is why I am skeptical of the future prices you are saying.
In order for this coin to achieve what you are aiming for, it needs new features, that no other coins possesses yet (XC is working on blockchain 2.0, VRC is working on variable PoS/SMS payments, MAST/CLOAK is working on anon exchanges, LOL is trying to get their foot in the door of League of legends, etc...), and a lot of this innovation needs to be claimed in WEEKS, not months. Coins that do break out can have a longer outlook than a few months, (BTC has yearly outlooks, LTC has no outlook (my personal beliefs IMO), and DRK has a 3 month outlook).
I want to be somewhat optimistic though, in that this is one of the first times I have seen devs have a goal, but need to discuss and adjust the inner workings of a coin with its owners, about how we would do it.
If this coin has a breakout, and it does succeed where few have, then I completely agree with your longer term outlooks, as it stands now, I think your fighting for a dream, not necessarily a reality.
Re: [ANN][OC] Orangecoin ★★ POS ★★ Anon Transactions ★★ Masternodes
Could the MN-miner gang step up and show themselves 
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 !
the MN-gang is theoretical on my part, i hope they turn out to not exist at all.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 !
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.
I may be new to posting in the forums, but I do know that you are cutting your ankles before you begin to run. The price of OC is astronomically low compared to your supposed guess of figures, and I hate to play devils advocate, but just like growing a business, your odds of success are REALLY low.
I am a large holder of OC, and I do believe that this coin has the capability of a short term healthy gain and traction if the devs continue to innovate, but saying this coin will be worth half of what blackcoin is, is a huge undertaking, one that I am skeptical about.
In the world of crypto, long term IS 6 months, thats the make or break time (some would argue even less than that), so please let the devs continue to innovate in the next month, and not worry about 42 years down the line, this conversation needs to end, progress needs to be made.