what can Bank nodes do other than get weekly payments
cause liquidity squeezes. there will only be so many bank nodes operating, run by the few early adopters who got in early. These few bank nodes don't want competition, hence the 250k BCR requirement and the 6 month holding period. As price increases, this will cause banknodes to be cost prohibitive and for existing bank nodes to price fix on their loans. So much for quality service. I paid over 5 btc for my bank node. It requires a serious financial commitment. A dash masternode costs 20btc... Cost prohibitive to you doesn't mean cost prohibitive to everyone else. But Dash gives opportunity for a few thousands people to earn money daily. This one will only allow this to a few early adopters. yes it only benefits early adopters, dash masternodes can be bought any time due to its low requirement doesn't matter the cost of buying its about availability too. 250k per node could lead it to costing 250btc for one node which will never happen because people will just not buy it. thus stopping the rise and releasing dumps once nodes are released and then as the profit is to be made from price increases the buying will stall Dude you are comparing apples to oranges. Bank nodes are supposed to be limited in number. Having 2000 banks would completely ruin this idea. Dash masternodes enhance the anonymity of the network, so the more the merrier. And a Dash masternode requires 20 btc to purchase at these prices!!! whats the idea? the idea here is more to cut supply increase price which will not happen indefinitely thus the model won't work. having this very limited amount of nodes manipulates the services the nodes provide. i was more interested in the credit system for the coin , why is there no talk on that Well, the OP used to teach economics and work in the banking industry. I'll take his word over yours regarding sustainability. Sure, talk about the credit system. It's brilliant. i trade the stock market. it doesn't take a genius to figure out why it won't go up all the time thus no point in becoming a node. when dev is online i'l like to discuss my points with him |
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Everyone I hear complaining is just pissed because they can't afford a banknode.
Early adopters should be rewarded. They stuck their necks out first.
I will have a banknode. I paid over $1000 for it.
I'm sure someone got one for $500.
Who cares?
see my posts i bought some at 400 sats sitting on great profit, but i am in this coin due to my involvement in a similar project i am working on do not want to be a node, |
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what can Bank nodes do other than get weekly payments
cause liquidity squeezes. there will only be so many bank nodes operating, run by the few early adopters who got in early. These few bank nodes don't want competition, hence the 250k BCR requirement and the 6 month holding period. As price increases, this will cause banknodes to be cost prohibitive and for existing bank nodes to price fix on their loans. So much for quality service. I paid over 5 btc for my bank node. It requires a serious financial commitment. A dash masternode costs 20btc... Cost prohibitive to you doesn't mean cost prohibitive to everyone else. But Dash gives opportunity for a few thousands people to earn money daily. This one will only allow this to a few early adopters. yes it only benefits early adopters, dash masternodes can be bought any time due to its low requirement doesn't matter the cost of buying its about availability too. 250k per node could lead it to costing 250btc for one node which will never happen because people will just not buy it. thus stopping the rise and releasing dumps once nodes are released and then as the profit is to be made from price increases the buying will stall Dude you are comparing apples to oranges. Bank nodes are supposed to be limited in number. Having 2000 banks would completely ruin this idea. Dash masternodes enhance the anonymity of the network, so the more the merrier. And a Dash masternode requires 20 btc to purchase at these prices!!! whats the idea? the idea here is more to cut supply increase price which will not happen indefinitely thus the model won't work. having this very limited amount of nodes manipulates the services the nodes provide. i was more interested in the credit system for the coin , why is there no talk on that |
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what can Bank nodes do other than get weekly payments
cause liquidity squeezes. there will only be so many bank nodes operating, run by the few early adopters who got in early. These few bank nodes don't want competition, hence the 250k BCR requirement and the 6 month holding period. As price increases, this will cause banknodes to be cost prohibitive and for existing bank nodes to price fix on their loans. So much for quality service. that was also my concern when i addressed it as so little bank nodes they can easily manipulate the market and cause more damage than good. its the same system we have now as the one with money has the say. having a small user become a node it will bring these rich ones back to earth. i did tell this to dev but he said he didnt want the risk of a scam by allowing small fee. but a scam can be done by big guys too, no matter the expense as long as it reels in a profit What the hell are you talking about? you do know what the bank node is for right? its not only to give fix amount weekly Bank nodes cannot manipulate the market. Buying coins for bank nodes (and the reserves held within) helps create scarcity, increasing the value of all holder's coins. i am not talking about the nodes manipulating the price, talking about the services the bank nodes will offer |
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what can Bank nodes do other than get weekly payments
cause liquidity squeezes. there will only be so many bank nodes operating, run by the few early adopters who got in early. These few bank nodes don't want competition, hence the 250k BCR requirement and the 6 month holding period. As price increases, this will cause banknodes to be cost prohibitive and for existing bank nodes to price fix on their loans. So much for quality service. I paid over 5 btc for my bank node. It requires a serious financial commitment. A dash masternode costs 20btc... Cost prohibitive to you doesn't mean cost prohibitive to everyone else. But Dash gives opportunity for a few thousands people to earn money daily. This one will only allow this to a few early adopters. yes it only benefits early adopters, dash masternodes can be bought any time due to its low requirement doesn't matter the cost of buying its about availability too. 250k per node could lead it to costing 250btc for one node which will never happen because people will just not buy it. thus stopping the rise and releasing dumps once nodes are released and then as the profit is to be made from price increases the buying will stall |
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what can Bank nodes do other than get weekly payments
cause liquidity squeezes. there will only be so many bank nodes operating, run by the few early adopters who got in early. These few bank nodes don't want competition, hence the 250k BCR requirement and the 6 month holding period. As price increases, this will cause banknodes to be cost prohibitive and for existing bank nodes to price fix on their loans. So much for quality service. that was also my concern when i addressed it as so little bank nodes they can easily manipulate the market and cause more damage than good. its the same system we have now as the one with money has the say. having a small user become a node it will bring these rich ones back to earth. i did tell this to dev but he said he didnt want the risk of a scam by allowing small fee. but a scam can be done by big guys too, no matter the expense as long as it reels in a profit What the hell are you talking about? you do know what the bank node is for right? its not only to give fix amount weekly |
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what can Bank nodes do other than get weekly payments
cause liquidity squeezes. there will only be so many bank nodes operating, run by the few early adopters who got in early. These few bank nodes don't want competition, hence the 250k BCR requirement and the 6 month holding period. As price increases, this will cause banknodes to be cost prohibitive and for existing bank nodes to price fix on their loans. So much for quality service. that was also my concern when i addressed it as so little bank nodes they can easily manipulate the market and cause more damage than good. its the same system we have now as the one with money has the say. having a small user become a node it will bring these rich ones back to earth. i did tell this to dev but he said he didnt want the risk of a scam by allowing small fee. but a scam can be done by big guys too, no matter the expense as long as it reels in a profit |
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Do you have a whitepaper where i can read everything about the bank nodes, requirements how long it needs to be held what your trying to achieve thanks. my previous comments were based on what i read in thread i do still think i am right but like to be sure
Ah, not my forte. I have been asking community members to put together information, i have posted bounties and done all i can manage. I can give you a short version, but tbh i'd rather a more experienced writer do a full write up. So.... The premise is simple.... we now have tons of currencies, but no real financial tools and services. This is a huge gap that needs filling and i have decided to step up to the task and try making it a reality. My goals in succession were as follows 1) Create a viable currency as a base currency for all transactions. 2) Integrate financial services and tools one at a time to meet industry demands 3) Introduce a consensus system that governs Blockchain Financial Institutions by way of democratic vote 4) Implement an Asset issuing facility on the blockchain that runs concurrently with BCR... meaning that people can issue stocks in their companies/ventures/banks right on the blockchain and transfer them as required. 5) Create a incubator for ideas, internal and external whose profits are brought into the BCR ecosphere thereby proving funding, profit and enterprise for all participants. there was a white paper, an abject failure because my ideas evolve daily and it just could not get across ideas I want to express. ok i give my response based on what i know. correct me if i'm wrong. your coin profits are more built on cutting supply thus pushing the price thus giving good returns. i am not sure if its true but you said youl need to hold nodes for 6 months. say someone has bought 250k nodes now coming to end of 6 months those shares are now worth 10k sats each. making it worth 25btc. that would mean 25btc dump coming. say they go to 100k making them worth 250btc. it can only go as high as a person is willing to pay it. now if someone buys 250k worth at 10k sats he would want to make a reasonable amount back weekly which is calculated to be 0.10-0.20btc right. now would that be worth it no. but you say supply will be cut and price will go high so profit is in the price moving higher if it doesn't no point. now if price does move higher ofcourse those that hold will have higher stake but when that 6 months is over you have a huge amount to be dumped thus my reason for this not working as the price will stop climbing and then no one would want to be a node as the profit is to be made in the price movement. before anyone says i am fudding, i am not. i am trying to understand the business model and hope it clears up for me. |
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Do you have a whitepaper where i can read everything about the bank nodes, requirements how long it needs to be held what your trying to achieve thanks. my previous comments were based on what i read in thread i do still think i am right but like to be sure
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bitb had 600million coins right that went to 30sats. things gonna go crazy here
bitbean went to 50 sats. this has a total amount of coins by when? 250million coins max. 221million currently years for the rest to be mined. buy orders are building up nicely. sorry mr whale youl have to bid higher to get some people to sell an amount like that. |
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bitb had 600million coins right that went to 30sats. things gonna go crazy here
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dv when are we looking for the release of the decentralized exchange
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nice bittrex added just the beginning.
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damn cats out of the bag. its the thought that people think dev instamined the coin that got me orders dumped at 10sats. thanks dev could have let them found out themselves.
ah well i really wanna thank shadow runner if he hadn't mined the coin i wouldn't have bought it as my concerns were the same as fonzerille when i never knew about the mining
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thought i'd ask dev about his work etc response I do not want to list my life. But I am in truth even about the money. But much more freedom. I want can act freely in the country each. Without slavery and all completely free that's my background.
you sound like someone from anonymous group |
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will get under the hood for a closer look, thanks sent you a PM |
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I said as much time in vain sacrifice for the project. The only favor I can do is disclose the source code for my Bitcoin Wallet.
yes every little helps. it helps the wait go easy. would be good to see it |
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so guys the exchange is almost done... but the exchange can only handle commands yet... sorry a surface for the exchange takes time and at the momment i have almost no time.... the exchange needed only a few features and you can trade via commands decentralized....
so please wait a little time and the first release will be soon uploaded.
can we expect it this week also will it be better or as good as supernet instnatdex Until it gets a GUI it cannot compete with supernet instnatdex. i do my best I sacrifice to their career for you, so please let me patience and time. I develop and think about it every day, every hour as I can make it even more secure and easier. Freedom is very important to me but please gedulded you. It was very hard work so far and I promise you it is a currency exchange facility that will be possible on the basis of multi-Signature Transactions not a Scam. Since it is the functions of Bitcrystal and Bitcoin uses I've programmed into the Coin. i mean no offence but you need someone who write in english to post. its very difficult to understand what you have just written. if its easier use google translate to convert from german to English every little helps |
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so guys the exchange is almost done... but the exchange can only handle commands yet... sorry a surface for the exchange takes time and at the momment i have almost no time.... the exchange needed only a few features and you can trade via commands decentralized....
so please wait a little time and the first release will be soon uploaded.
can we expect it this week also will it be better or as good as supernet instnatdex Until it gets a GUI it cannot compete with supernet instnatdex. it will not beat supernet overnight but given its current price, the first stage will warrant good returns. if the tech is liked the wait will be worth it |
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