Can someone explain me more about the concept of Masternodes? When you are a Masternode, does this just mean that you are using a wallet with a certain balance (above 10k, 30k, 100k or whatever), which is always on and serves as a relay within the network? And for keeping it always on, you get a certain percentage for all transactions handled? Something like that?
Exactly, AFAIK, Dash's masternodes act as the censorship role, they can verify and censor the transactions. Masternodes mostly make money from tx fees. Can someone explain me more about the concept of Masternodes? When you are a Masternode, does this just mean that you are using a wallet with a certain balance (above 10k, 30k, 100k or whatever), which is always on and serves as a relay within the network? And for keeping it always on, you get a certain percentage for all transactions handled? Something like that?
Pretty much. Considering how important nodes are to a blockchain network, it makes sense to incentivize them (e.g. Bitcoin has no economic incentives for running a node, other than for people who need to interact with the blockchain directly like miners and payment processors). Great, thanks for the updates! |
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So Polo is confirmed, it's only a matter of when exactly? |
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Can someone explain me more about the concept of Masternodes? When you are a Masternode, does this just mean that you are using a wallet with a certain balance (above 10k, 30k, 100k or whatever), which is always on and serves as a relay within the network? And for keeping it always on, you get a certain percentage for all transactions handled? Something like that?
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So I've decided to share my reasons for being extremely happy with the announcement today:
A Dummies Guide To Implications of Today's Announcement1. Imagine this: For the next 100 years, a portion of Iconomi's revenue will be directly and continually INJECTED into the ICN Market. It means that ICN is pretty much the first cryptocurrency in the market with a guaranteed value -- The guaranteed value is equivalent to the portion of profit being injected into the ICN Market through the buyback program, and is proportional to the Iconomi's Revenue. To put it simply, assume the total revenue of Iconomi platform in the next 10 years is 1 billion USD, and 10% of that is put into the buyback program, it means ICN will have a guaranteed Market Cap of $100,000,000 USD (sky is really the limit here).2. ICN will be the very first malicious-dumper-proofed and FUD-proofed Cryptocurrency in existence. Don't forget that a portion of Iconomi's revenue will be continually injected into the ICN market. So any ICN priced lower than the fair valuation will automatically be removed from the market, to every investor's advantage. A very simple example: If someone owns 10% of Amazon shares, what's preventing this individual from dumping the shares all at once and buy back at a much lower price? The answer is Amazon's $5 billion USD stocks backbuy initiative. As soon as the stock price drops below its fair valuation, it will get scooped up in anticipation of a future stock buyback. 3. Not only that Iconomi's revenue will be continually injected into ICN market, ICN will also be removed from the market at a constant rate to make ICN more and more scarce. So the 2 things combined will make ICN extremely valuable - A portion of profit being injected into ICN market on a weekly basis, Removal of ICN tokens from market to make it more scarce, which translates into the following: ICN will continue to be bought back until 1) All the ICNs are gone from the market, 2) Each ICN is worth $1000 dollars (or more). 4. ICN is truly the first crypto that rewards an investor for holding it long-term: ICN's market cap is guaranteed to grow larger as time goes by. An investor of ICN is guaranteed of the following: the longer you hold, the more valuable your holding will become - because your holding's value is always proportional to Iconomi's revenue and portion of profit injected into the market. Can any other Crypto make this kind of guarantee?  My take on today's announcement is this: ICN will have a guaranteed market cap equivalent to the portion of profit being injected into the market. It doesn't matter whether someone wants to maliciously push the price lower, or whether there is any demand, ICN's price and market cap will always bounce back to its fair valuation, and it's guaranteed!!!!PS: I just wanna thank Jani and Team for taking this initiative. You guys really have the investors' best interest in mind. And I'm very happy to be part of Iconomi! Excellent post. Hats off to you good sir. |
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That was nice spike on Poloniex
Speculation can be fun to watch.
Yeah, a high profile Twitter trader held a group chat about FCT over the last couple of hours. Maybe contributed What is the name of this trader? Is it you? Spaceman @cryptospacesuit https://twitter.com/cryptospacesuitTalking to FCT's David Johnston. Via telegram but hopefully made public soon The chat started 15 minutes ago and will still be going for about 30-40 minutes. You can follow it or read it back via Telegram here: t.me/backtoearth |
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Nice share, thanks, didn't read that yet. |
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Glad you got it fixed Gleb. Almost actually thought Qtum succeeded in 'hacking' your account  I had my (original) account broken in to a little while after the hack in 2015 and got notified on my e-mail about PM's that I wasn't sending. That was scary. I managed to change the password but I forgot it. I wanted to restore the account by answering my secret question, which in turn locked my account. It seems to me that someone guessed Gleb's password using the password hashes stolen in 2015, since Gleb didn't change his password since then. The Glebonator account may be due to the attacker trying a new password-cracking attack against accounts in alphabetical order, or due to specifically targeting Gleb and incorrectly believing that that account belonged to him, or because Glebonator is the attacker. I still don't see the ones that were sent to me in my In Box, but that may not be important I guess.
I restored those as well now. Theymos, I have made this topic about my locked account: https://bitcointalk.org/index.php?topic=1803387.msg17966365#msg17966365I know this isn't the place to ask, but I have staked my BTC address and signed a message, I have sent a few PM's over the last year but my account (madjules007) is still locked. Do you have any chance to unlock it for me? |
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Great news and starting so soon already! Does this mean there will be no dividends at all? I do think a repurchase/burn system is a good foundation for further growth. Looking forward to it  |
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I think a lot of people who already knew about this project have already invested, specially keeping in mind the amount of coins distributed in round 1. But let's see what the coming week will bring |
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If the GameCredits Store is up does it mean I can also trade GAME from poloniex for example and deposit them on the store site and also withdraw GAME which I've bought with credit card from the store site?
Also, how GAME price is going to be calculated when it's possible to buy it with credit card from the store itself which I assume can resell player spent GAME immediately?
My apologies if it's been asked before but I haven't been able to read all the thread or whitepaper yet and I find it very important to be clear about the future system of GAME for the indvidual holders.
Yes you can withdraw and deposit your GAME from poloniex onto the store and out of the store. Also, you can withdraw funds purchased with a credit card SEVERAL MONTHS AFTER purchase. You can spend any funds in-game immediately, but there needs to be this waiting period for credit cards. Without a waiting period Gamecredits inc could lose thousands upon thousands of dollars in chargebacks. The price of GAME purchased by credit cards is determined by the lowest possible sell order. Every time someone purchases GAME with a credit card from our website, they are actually transacting with an exchange filling the lowest sell order. These exchanges include the exchanges with the largest volume (poloniex, bittrex, etc). So the price of GAME is determined by the market value. That's awesome. Seen a lot of projects trying to implement a form of buyback from exchanges, but GAME/MOBILEGO seems like the first project where this actually can succesfully be implemented and made use of. |
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Will there be more European countries on the road ahead to get an Ethbits Local platform?
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DRAC CrowdfundingIn the first 4 days just over 1m RNS has been raised which is a great achievement (25% of goal) If you have any questions on how to take part then let me know as I appreciate first timers to telegram might not be sure on how to use the tool, the guide is here: https://bitcointalk.org/index.php?topic=1809933.msg18303034#msg18303034 and link to the DRAC bitcointalk: https://bitcointalk.org/index.php?topic=1806593.msg18339884#msg18339884 they recently clarified ditribution in this post. The lead developer Xavi has joined our Telegram chats so feel free to ask him anything there. We are going to be adding an ending date as we don't want this to drag on too long as there might be a chance the 4m wont be completely raised, i'll keep you posted on this. Thanks for the update. I think not many people have opted to do the swap because the DRAC team doesn't really seem active. Also the information posted wasn't very accurate (in regards to the first holders receiving dividends). Might be worth it to swap maybe half of the airdrop. Still thinking about it. |
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Can not join the signature movement。
Why not? All the info is in the first post. |
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Did the Twitter promotion. Interesting project, looking forward to see this develop!
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Bitcointalk UID: 527271
Bitcointalk Name: muleroaa
Rank: Full member
Current post count: 167
ETHER address: 0x10Fb925C1641a2789Ed95e534e492f2022F7d8f0
accepted ! Put in Place the appropriate signature and the avatar, please. Thank you Thanks, done! At what day does a new week start, for counting the amount of posts? Every Monday? Any specific time/timezone? And another thing I was wondering about. There is a discussion of maybe changing the amount of ETH per EthBit, since ETH has risen so much. Will this also mean the signature award will be increased? I chose to enter this signature campaign based on your current ICO plan. If this changes, and people get less ETH for their EthBit, it is only fair that the reward for the campaign would be increased. it will be made user by user: example: - for users who joined on 20 march, posts count will be made tonight. -for users who joined on 21 march: posts count will be made tomorrow evening., etc etc. In fact, this is Fair for everyone, as everybody hasn't joined the campaign at same dates, so basically, the counts will be made each 7 days for everyone ( each week ) And another thing I was wondering about. There is a discussion of maybe changing the amount of ETH per EthBit, since ETH has risen so much. Will this also mean the signature award will be increased? I chose to enter this signature campaign based on your current ICO plan. If this changes, and people get less ETH for their EthBit, it is only fair that the reward for the campaign would be increased. i will let ethbits admin answering this part. Excellent, thanks for the fast response. Looking forward to hearing the admin's input. |
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You might want to get in touch with your Lead Developer Sergeev Dmitry and let him know that there are three Linked In profiles with his image being used as evidenced by this Google search page and archived here. (note, these are clearly imposers - right?) Two are under the name Anton Stulnev while the third is for an Alexis MorantAs you can see there are links to two pages here and here ( archive and archive) where Sergeev Dmitry's image is used for Web Designer stuff...
I am however concerned with the other EthBits Team members... Monty Singh is a fictional character on Har Mard Ka Dard as evidenced by Wikipedia here: https://en.wikipedia.org/wiki/Har_Mard_Ka_DardHar Mard Ka Dard is an Indian Hindi drama television series, which is premiere on 14 February 2017 and broadcasting on Life OK. The series is produced by DJ's Creative Unit of Tony Singh and Deeya Singh and directed by Parmeet Sethi. The series aired on weekdays' nights Mon-Fri 8 pm
Cast:
Karan Singh Chhabra as Monty Singh While Pedro J Rodriguez is either a Formula 1 race car driver from the 1970's or, is a soccer player born in the 1990's That just leaves the faceless Eric P. and the Luke Smith with the very common surname that don't show up in any searches. Unless I'm missing something? Hello everyone. My name is Dmitry Sergeev and I'm lead developer in Ethbits. My linked in profile - https://www.linkedin.com/in/dmitry-sergeev-ba1501a8/My upwork profile - https://www.upwork.com/o/profiles/users/_~0142b51a7dc8e506a9/My telegram/phone number - 89315830735 My email - sergeevdms@gmail.comIf you have any questions just message me. PS. Anton Stulnev my colleague (He is mobile developer and didn't work on Ethbits project) Anton Stulnev linked in profile - https://www.linkedin.com/in/anton-stulnev-13bab03a/Thank you for clarifying. You have an impressive UpWork profile. |
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Bitcointalk UID: 527271
Bitcointalk Name: muleroaa
Rank: Full member
Current post count: 167
ETHER address: 0x10Fb925C1641a2789Ed95e534e492f2022F7d8f0
accepted ! Put in Place the appropriate signature and the avatar, please. Thank you Thanks, done! At what day does a new week start, for counting the amount of posts? Every Monday? Any specific time/timezone? And another thing I was wondering about. There is a discussion of maybe changing the amount of ETH per EthBit, since ETH has risen so much. Will this also mean the signature award will be increased? I chose to enter this signature campaign based on your current ICO plan. If this changes, and people get less ETH for their EthBit, it is only fair that the reward for the campaign would be increased. |
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Bitcointalk UID: 527271
Bitcointalk Name: muleroaa
Rank: Full member
Current post count: 167
ETHER address: 0x10Fb925C1641a2789Ed95e534e492f2022F7d8f0
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I take a different stance than some in the ICN community in that I WANT ICN listen on big exchanges not because of pumps, but because the increased liquidity would help minimize the impact of a single player affecting the price. A few days ago Mal sold some of his ICN to buy a car and crashed the price like 20%. The price recovered but it took all night.
Yeah exactly this, more exchanges also means more visibility. Who knows, maybe soon enough it will find it's way to some more exchanges. |
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