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I've got my wallet updated, but I don't see any Fundamental Masternode buttons... is there a button for this or does the wallet automatically do it once it receives the coins? (like staking)
It's in the send page of the wallet. There's a little check box at the bottom right corner for fundamental node payment. |
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It's 4 sats at Coinxchange now.
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Coinxchange i think still works. Buy orders are up to 3 sats there and rising.
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@everyone
FUNDAMENTAL NODE REWARDS STRUCTURE
In order to give everyone something to look forward to, here is a brief explanation of how the rewards will be structured for Fundamental Masternodes:
During every block confirmation, the oldest Fundamental Masternode in line will receive 60% of the staking reward for that block, then go to the back of the line. The wallet which confirmed the block, thereby generating the block reward, will receive the remaining 40%.
This process is performed between 240 to 250 times per day, or in other words, 7,200 to 7,500 times per month.
The cost to set up a Fundamental Node depends on the current block height and is as follows:
Block 78,000 - 85,000 requires 25 Million B3 coins
Block 85,001 - 95,000 requires 20 Million B3 coins
Block 95,001 - Ongoing requires 15 Million B3 coins
For investors of B3 that currently have smaller amounts of coins, we have not forgotten about you. Fundamental Node Pools will be implemented so you too can participate and earn from this amazing new feature. More details on this to follow soon.
@everyone
COIN SUPPLY RESOLUTION
Through the extremely talented skillsets and hard efforts of both b3coindev aka Joshafest, and Jamie Woodruff, the B3 Team is elated to announce that a solution to the “#1 wallet” has been devised. The #1 wallet, along with its associated wallets have had their assets tracked, and once this upgrade is in place the wallet is frozen and no funds can be transferred or otherwise recovered.
At block 78,000 of the network, we will be performing a hard fork which will immediately, and irrevocably remove the coins in these predetermined wallets from the circulating supply. Once the dust settles we will share the exact amount that was burned. In addition, the team has engineered safeguards in the codebase which will permanently prevent this scenario from ever occurring again.
TEAM CREDITS
We have to thank our Research and Development team made up of Joshafest, Paepenz, Cdr_Archangel, Cryptokane, SubZ12o, SkyHyperV, and Jamie Woodruff, their hard work has not gone unnoticed!
We thank Borngreat, Dravelous Crypto Crow, ErGo and Evanonymous for their amazing vision and leadership skills, helping all of us to get to that next level by motivating and inspiring us daily.
Last but not least, we want to thank the Helpers and you, the Community. Keep an eye out because we have more news coming out soon. Thank you all for B3LIEVING!
Wooo boy! If I'm reading this right, someone's going to be mighty unhappy about getting their piggy bank burned. This is definitely an example of how being #1 is not always the best.  But more importantly, do we have instructions on how to set up a fundamental node yet? I'd like to get started on one or two. |
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Not sure what just happened, but my wallet exploded from 51 mil to over 108 mil in under 24 hours. I'm guessing I won't be getting any more stakes for a week?  |
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I really do hope that all these panickers sell their coins early. So in a couple weeks from now when they're all out of coins and the price recovers to 10, 20 or 30 cents, they won't have anything to sell. And they'll be kicking themselves for cashing out.  |
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what do we have bout 10 days or so? There are 2708 blocks left. It advances at about 220 blocks per day. So a little over 12 days. |
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In hindsight, 10000% was probably too high. Maybe 5000% spread over 25k blocks would have been better.
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what if the price reaches 1 sats will it be delisted from the exchange. I doubt they delist it at first. The ask will be at 1 Satoshi and the bid will have no open orders (if worse comes to worst) It will never be empty...I would buy a sh*t load if it hits 1 satoshi...because every satoshi it goes up will be 100% profit (5 satoshi = 500% profit) Imagine if it hit 25 satoshi or more in a few months after the crazy 10000% staking is over. Word ....me too .this is ehy i invested...evry satoshi is epic money now Guys, there is fuckin 7000btc here stop crying and wait...it will explode 7000 BTC where? He's talking about the market cap. Any game developers out there? Maybe we can create a game around B3, sell it on Steam platform. |
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Everyone Hereby Please have a ear and eyes over this,
We implemented a new concept, and we named it as Fundamental Node, also we are working on new protocol and named it burnt proof, similar to proof-of-burn, but it is different, since "Proof-of-burn" name is already reserved we say it "Burnt-Proof"
The main difference between masternodes and "fundamental nodes" is , in masternodes , you lock your coins wallet, and this helps network, however you can later spend your coins, on promise that you no longer earn a masternode reward. But, in Fundamental nodes, you have to send a special transaction to yourself which destroy your coins, and you will came up with a proof that YOU destroyed your coins, and now by submitting this proof you will get privilege and will earn rewards, this create a trust on network, (Proof-Of-Trust), the rewards here is came from block, as in masternodes, since, the block rewards are some short of random, this means the fundamental node rewards are random you can compare it with lottery, you can get 20 million coins in one shot, just by destroying 2.5 million coins.
The need of this system came from very high inflation, this method will reduce the circulating money supply as well as total money supply. Till now burning means sending funds to an invalid address, so that they can't be spent or used by anyone, this method is good, but this doesn't change total money supply, but Fundamental node payment does it.
We will soon release a white and yellow paper for it.
I hope that this does not interfere with the staking? What percent of the stake are the Fundamental Node going to be receiving? 2.5 million for a node? I don't mind burning that much. I could pick up a couple nodes then. But what is the minimum payout that we could see? |
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B3 is now #82 on Coinmarketcap, up from #84 in just a matter of hours. Moving on up!
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since we all end in a pool for staking , why didnt they considering us one pool from the start . I doubt more than 30 adresses can stake now.
so does anyone know if joining to a pool, means loosing all the coins which was not redeemed??? sorry i just need to be clear?
I'm not in a pool and I don't plan on joining. I like having choices. |
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hey guys,
who can tell me about price falling? I wonder october 2 price 0.00003564 and nov 11 price 0.0000015 why and how?
If you look at the sell section in Cryptopia you'll see a whole lot of people selling millions of coins. That's whats killing the price right now. The price can't recover until those orders are filled. The same thing is happening on the other exchanges as well. A lot of people are cashing out. |
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Hello,
This is my first post on this forum and still learning the ropes, but I've pretty much been a lurker since I got into crypto this September. I don't have a Discord account so I'm not up to date on what the devs are planning for this coin. But I wanted to make a suggestion. If it has not been mentioned already, maybe the devs can attach the coin to a popular service, like Uber or Steam (Valve game platform). Maybe they can work out some deal with those guys so that B3 can be an accepted form of payment. I think it would help popularize this coin and definitely pump up the value.
On that note, I've been trying to spread the word about this coin locally. I've been giving some of my co-workers and family some coins (20k to 500k) to start them out so that maybe it will get them interested in this.
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