Yes brakmic is the real deal, he insists on doing this work for free, he's open-source through and through. In Random Tandem's most recent webcast, HighOnCoins (Max) came into the chat room and mentioned that his mods have un-banned brakmic so he is welcome to return to #clubhodl discord.  brakmic politely declined.

Proposal to Improve CHC Price and Viability

Each 90 seconds, Chaincoin network creates a new block with rewards as follows:

2 CHC -> Master Nodes
6 CHC -> Miners

This is simple and elegant and something that should not be meddled with lightly, so please understand that I'm not making this proposal in a flippant manner, but rather thinking about how to change the narrative to allow CHC price to rise.

DASH has implemented a revolutionary idea: decentralized governance.  With DASH, part of each block reward is allocated to a treasury that builds up over time.  In DASH block rewards are allocated as follows:

45% Miners
45% Master Nodes
10% Treasury

The treasury can be used for anything, but one important use is development.  At this time, our lead developer brakmic has stated flatly that he doesn't want to be paid anything, that he works 100% free (open source), so development cost isn't currently a huge concern.  However, treasury funds can be used for anything the community deems appropriate, and DASH has used this to help catapult the coin to higher valuation using a time-tested technique called marketing.  Note that DASH is supporting a lot of podcasts, and has commercials.  CHC could follow in DASH's footsteps, using treasury funds to do good-old-fashioned marketing, both traditional (e.g., radio) and content marketing on the web.

CHC could become the Litecoin equivalent of DASH

This is a reasonably good elevator pitch, and answers the question "Why CHC?"  I believe that achieving modest and achievable recognition as the next-best-thing-to-DASH could realistically push CHC valuation to $10 dollars or higher.

But how would this be done?  Well, my understanding is that it would require changes to the CHC consensus rules.  Technically, it would require brakmic and his helpers to port the treasury governance subsystems from DASH to CHC (assuming they are not already present), and a majority of the nodes would signal their agreement by running the new code.

My recommendation would be to do this in two steps.  The first step would be to enable the DASH-like governance system to give us a structured way of voting on features and initiatives without doing anything to the mining and master node percentages. Once that system is in place, we could start taking proposals for how to modify the percentages to introduce the idea of a treasury.  To be fair, it might make sense as follows:

20% Master Nodes
70% Miners
10% Treasury

This change in allocation would distribute the pain equally between Master Nodes and Miners, giving 10% of all block rewards to treasury.  If my math is right, this change would start accumulating 576 CHC/day into the treasury, which should build up quickly into a war chest.

There are two benefits to doing this.  First, we can use treasury funds for marketing and for any programming that brakmic isn't willing to do for free.  This is clearly an advantage, and DASH has already proven that this isn't blue sky, it really works.

But perhaps most importantly, such a change to the long-dormant CHC consensus rules would itself be newsworthy, disrupting the status quo.  Such a change would be perceived favorably by the crypto community, and that new faith would be reflected into the CHC price. It would signal that CHC is no longer a dead coin (one of the most popular objections), but a new coin, a coin with a plan.  Even the potential for such change could affect the narrative, giving the price of CHC a better chance to rise.

ppguy if your coins are in a VPS masternode, you can use this command line to send them to any address you choose.  For example:

chaincoind sendtoaddress CdaQ5zNe5271t8D838jpmoqN12Rq2xmgL2 1000.0

Would send your coins to the address shown.  

One special consideration comes up if you want to lock the original 1,000 coins and only transfer the generated CHC revenue.  If this is your goal, it is more convoluted, and I'd recommend that you import the private keys from your masternode(s) into Chaincoin-QT, the user-oriented wallet for Windows or MAC.

Once private keys are imported, it is very easy to unselect the original 1,000 coin masternode stakes as eligible inputs, then send only the masternode earnings from Chaincoin-QT to whatever address you choose in the usual manner.  When you unselect the 1,000 coins, the Chaincoin-QT Amount field will drop accordingly, so the only amount you'll see will be earned masternode income.

BTW in order to do this, you must go to Settings -> Options -> [Wallet] tab and check Enable coin control features.  Once you do this, go to the [Send] tab and you'll see a new button [Inputs...].  Press [Inputs...] and the system will display a tree of all unspent transaction outputs.  You can press [Select All] which will select all CHC in your wallet, then systematically de-select all 1,000 amounts.  What will be left is the masternode earnings only, and the Amount field on the Send panel will reflect this.

Elder III thanks for the clarification, I'd like your opinion regarding taxes under unusual use case.

I have in my hand a SHIFT card from Coinbase.  This card allows you to spend BTC dynamically.  From the merchant POV this looks like a debit card, but what really happens is Coinbase dynamically converts BTC in your account into fiat at time of purchase.

So my idea is like this CHC->Cryptopia->BTC->Coinbase->SHIFT.  With such a convoluted approach do you have any sense of what the tax implications would be?

You may have gotten lucky, I have 5 nodes and I'm getting about three per day as one would expect at 0.65 per node per day:


BTW hey can anyone explain why my images are not being displayed in-line?  I see that the post that I quoted above, if you go to it, shows the masternode earnings as an in-line graphic rather than a hyperlink.   I'm using the same img tags in brackets and my image is showing as a link.  Anyone who can explain this it would be appreciated.

That's right, ROI would definitely go down over time, but I suspect that as we approach the 50% lock-in, CHC price would hockey-stick, so in real terms, masternode earnings would still be good.

One thing that I've been thinking about is whether HODL community is large enough to change CHC consensus rules.  If the ROI becomes so poor that it doesn't make sense to keep CHC locked up, perhaps we can collectively change CHC rules so that more of the CHC automatically generated is sent to masternode owners.  I would say this makes sense for all parties, because if masternode owners start defecting, CHC price would be impacted.

Wow, I didn't realize that DASH and PIVX had such poor ROI compared to CHC, that is a huge selling point.  I did a little math to confirm what you're saying:

CHC Price USD:  $0.68
Cost of CHC Masternode: $680.00
CHC generated per day: 0.61 * 365 = 222.65 CHC
ROI: 222.65 / 1,000 = 22.2%

I was thinking it was more around 10% so consider this: right now, CHC is establishing a pretty good base around 25K satoshi. The price has tested that base a couple of times, and the market has "rejected" prices below that level.  While nothing is certain, this is fairly good evidence that the big panic is over and CHC prices are stable at this level.  CHC isn't going to suddenly "crash" to much lower levels, there is no impetus to make this happen.  Masternode totals continue to increase slowly but surely, so we have stability.

Given that stability, imagine telling someone that they can reliably bring in at least 20% ROI of tax-free revenue on a very modest investment, along with upside potential that is unknown, but could be big, like winning a lottery.  Put another way, you could hold your $680.00 in a money market account and make say 1.6%, or you could hold it in CHC and make over 20% without having to worry about the state sucking capital gains tax out of you like a blood-sucking leech.

I'll tell you what I'm going to do: I'm going to keep putting my spare cash, plus CHC masternode earnings, into even more CHC masternodes.  I can afford to allocate $340/month as part of a long-term saving plan, so I can afford one new node every two months at this price level.

But it dawns on me that these very calculations explain the price floor that we're seeing and suggest that the price will not remain at this level much longer.  This also explains why it is unlikely that CHC will fall to 0.01, so it is time to start dollar-cost-averaging into CHC slowly to avoid inducing FOMO pumps and subsequent crashes.

Since no one has responded to this post, I'll take a shot.

At least some of this pop must have to do with Max and his YouTube channel HighOnCoins.  Max has at least 1,000 subscribers, and his program HighOnCoins focuses on trading cryptocurrencies.  Lately, Max's show has been focused on "shit-coins" namely low-cap coins that you can trade for very little.

Up until lately, Max's show has been light and fun, a cross between quirky comedy and trading advice, but never very serious.  But around the beginning of July, Max started talking a lot about masternode coins such as PIVX. Then Max did some research and found CHC, a low-cost masternode coin that had been languishing.

Max came up with the idea that his community could "adopt" CHC by a brilliant technique pump-and-HODL. He encouraged his listeners to just accumulate but never sell CHC until it reaches $100 at minimum. 

It is no exaggeration to say that Max's subscribers spearheaded a "movement" behind CHC.  The idea was to work together to get beyond the zero-sum game of pump-and-dump to a new paradigm where we communicate openly and work together. 

That movement took off, and my sense is that the price action was sparked by the CHC movement, but the spike to $6 USD was FOMO involving a much bigger group of traders.  In fact, this bigger group of traders is now a problem for CHC movement, because they "dumped" CHC (not HODL) as is their right.  So, the initial experiment with CHC didn't quite work as expected because HODL group is still too small to control the price (i.e., we don't control enough percentage of CHC yet).  We're fixing to change that, but it is going to take time, no get-rich-quick scheme.

This post makes me feel a little more optimistic about CHC. The soft-sell pivot to LINDA hit me like a punch to the gut. Suffice it to say that I'm glad that the HODL movement continues, and I'll try to get on the ChainCoin Slack now. 

Remember, the HODL community is intentionally trying to let the price fall so that we can "soak up" more masternodes at lower prices.  I don't know the floor that Max has in mind, he was originally saying $0.01 US, but I don't think it will ever get to that level.

I hope HODLers will follow thorough and scoop up masternodes when the price reaches something reasonable, like say $250-$300 per masternode. At that price, every HODLer should be able to afford at least one.

Compared to most "normal" investments (excluding crypto), a masternode produces good ROI.  At current price levels, a node generates about 10%-per-annum of tax-free cash.  That alone is pretty good, but consider that in addition to that 10% floor return, the investor is exposed to potential capital gains that could dwarf the income.

Investing in CHC masternodes is like buying a lottery ticket, except it has much better probability of success.

My approach is to hoard the CHC and build more nodes.  Thus far, my five masternodes have created over 80 CHC, and I've been trading a small amount to parlay yet another node (I have almost 400 CHC saved up).

All things considered, it is fun to run masternodes, even if the CHC price is low, it is addictive watching the CHC come in from nowhere.

Elsewhere in this forum, you can find discussions between guys about CHC mining, and that got my attention.  One of the posts from a guy with two 1080TI cards said he was generating more than 7 CHC per day.  So, I went to ebay and found this mining "farm":

http://www.ebay.com/itm/ZCash-18-000-Sol-s-Ethereum-960mh-s-24x-GTX1080TI-Cryptocurrency-Mining-Rig-Farm-/162606018625?hash=item25dc12f041:g:5McAAOSwrMlZeMC0

This thing is crazy.  The cost is $35,000, so you have to think of it like buying a car.  It has 24 1080TI cards.  If I'm doing the math right, this rig would generate 84 CHC per day but at about 8000W (that's a lot of power).  I have a 10KW solar array, so this could help mitigate that cost.  So at current prices, you're not going to quit your day job, but such a system could generate some helpful tax-free income.

Regarding why does anyone want it, I think the same might be said about DOGE.  It is the community behind the coin that is the difference here.  It isn't a matter of the features of the coin.

The CHC community thinks it has value and they're willing to lock it up.  So, it can be used as a store of value, or for anything that a coin like DOGE can be used for, but unlike DOGE, our supply is very limited.

Our coin is very DASH-like, so perhaps we can be seen as the "Litecoin" counterpart to DASH. That's really a good possibility, we have the beginning of that momentum.  I would focus on getting CHC accepted at POS, so for example, you could buy Starbucks coffee with CHC.

If I were in a position to lobby the coin, I would try to get it on Shapeshift.io and also one of the currencies in the Jaxx wallet.

I think I understand what you mean, Random does have a kind of youthful exuberance, and he seems to sometimes trip over himself like a puppy trying to find his legs. Yet, I do trust Random. If he is a scam artist, then he would be one of the best con-men I've ever seen in my life.  I just don't think you can fake the emotional roller-coast ride that he has gone through with CHC, on the air, with his followers. 

Faeryl, I actually agree with this, this is pretty much dead on.  It is a little humorous but sad too.

I agree with your conclusion that HODL community doesn't control enough CHC, but I'm hoping that as time goes on, we eventually will after all of the other parties dump or do whatever they're going to do.  I'm holding out hope as the masternode count keeps increasing.  The way I'm looking at it, coins locked in masternodes can be considered as HODL-controlled.

So my recommendation to HODL community at large is to do this: when coin reaches a good price (to each HODLer his own), buy a little using dollar-cost averaging.  I'm hoping that with this approach, we can collectively "soak up" the coins until we reach some critical mass.  I'm not sure what that mass is, but probably something like 50%.  At that point, we have a chance for the price to hockey-stick because there isn't any supply.

Random confirmed that he has been in touch directly with the lead Dev, and he said has no intention of quitting, he's still strongly behind CHC.

Also, Random said forget LINDA (actually he used stronger language), and explained that no one even knows anything about whether LINDA has been pre-mined and so on.  He did concede that he bought a little bit of LINDA at 3 sat and sold at 5 sat, but he's out, and he said that LINDA is the exact opposite of the kind of coin we should be focusing on.

Random is bullish on CHC, and he says hes going to accumulate more if it falls further.  He thinks that if we HODL, six months from now we'll be glad we did, and people not in the coin will be disappointed.

Random was talking about forming a group that would democratically select more coins with great features, research the hell out of them, talk about them, then agree to buy-and-HODL them together as a group.

BTW Random's address was very helpful and refreshing, I think he speaks for the HODL community at large. 

Based Stickman, I think you and I might be in the same "space" about this.  A week ago, I was very centered, very calm and very excited about CHC going forward.  I was in a good mental space, even with the price of CHC going down, but in the past couple of days my feelings about CHC have changed a lot.  I think that the push for LINDA might have been part of this, because it just feels a little sleazy, we were all-in on CHC and then now the momentum is being "diluted" by this.  Also, like you said, anything that goes against transparency and openness on this feels wrong.

Maybe part of my change of heart is due to my own over-glorified image of the CHC project being the first community coin, and maybe I read too much into that. Or maybe I'm just in bad mood, crashing after a dopamine-laden manic high that is the hallmark of crypto trading.

So, I'm still HODL, and still making maternode income, but I'm going to stop watching the charts 24X7, stop watching Discord, because it has become unhealthy.

PS, I know this may sound "prissy" but also the people on Discord making incredibly misogynistic comments about LINDA was getting to me, watching the chat I was thinking to myself, man these are bunch of fucking idiots.  In defense of them, there were a handful that were saying that the jokes about LINDA were getting out of hand, and people were agreeing to keep it civil, but then when LINDA was up to 16 satoshis, the jokes came on full-blown again as if no one had heard a thing.  I realized that these are a bunch of young kids, and I just felt out-of-place in that setting.

Based Stickman, I can see that something did in fact happen with Brakmic, but I'm not able to get any information from these guys, they're not responding to my queries.

I did see a post from Max that must have been from a troll, from somebody supposedly Brakmic who was saying that he has modified the code to steal all the coins with his friends in Germany.  This is actually idiotic, because whoever posted this doesn't understand consensus rules.

But nevertheless, I am given pause by the groups response to this, they're simply saying that Brakmic has left the group.  I asked Max to give us full transparency in the next video about this, but didn't receive any reply.

So this is the extent of what is known.  I think I want to apologize to you for not believing what you were saying.  I'm a HODLer in it for the long run, regardless of what Max and the discord team does.  I just hope they address this in full.

I understand that you can in fact run a masternode from Chaincoin-QT wallet, in fact, I helped someone set up theirs that way, and they reported that it was successful.  Be sure to open ports 11994 and 8333 on your router though, you must do this for it to work.  See my previous posts in this forum for details on how to set up your chaincoin.conf.

Post links to your evidence.  There is a complete record of every single chat that brakmic has posted.  The most recent one was Sunday at 1:20AM.  Post links to the chat entries you're speaking of and I'll be happy to back up your claims.

OK, I've gone through all of brakmic's posts on Discord, and I have absolutely no idea what Based Stickman is talking about, there are simply no messages whatsoever from brakmic along the lines of any concerns about people that are in it to sell.  This kind of post should be illegal, it is on the verge of slander.  Also the point about masternodes is incorrect, I'm watching the totals carefully, and a 200-node drop would jump out like a sore thumb.  This  is simply false.  Also, if a sudden additional 200K CHC were to become sell orders on Cryptopia, we'd see it clearly.  The available sell orders supply has been about 600K CHC, same for the past few days.

I'd like Based Stickman to chime in an explain what we're missing, including links to relevant supporting information.

This is kind of what I did, though a set of very chaotic trades, I ended up lowering the "cost basis" of all of my CHC to about $2.00.  I had purchased two masternodes with CHC below $1.00 but then two more masternodes at much higher, buying into the pump.  And then, on the way down I got one more masternode at an incredible price, practically the bottom.

Now I've taken to trading a small amount of CHC using Bollinger Bands.  This is actually working out pretty well thus far, and it is a way to pass the time in periods of boring price movement.  I'm about 1/3 of my way to the next masternode.

Right now, CHC has made a very classic reverse-head-and-shoulders at the hourly time frame.  I have reservations about the efficacy of this technical signal, but I just wanted to point it out.