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Also, just to throw it out there, it would take one year of shortening the 2.5% PoS to provide the Mnodes with 5+ million coins.
Any way how you choose the payout schedule, how would you be able to program the OC itself to divide 5 million coins over 45 or 46 years to work harmoniously with PoS? Won't PoS generate 20% of all coins, including the Mnodes payout?
Thats where I can't answer since I don't know the mechanics.
that is the easy part after we get the number, to write the code. it's part of seeing what we end up doing how i work the numbers to run. but what we are thinking is paying out every masternode their % of every block reward. so (and sry this is off my mobile) lets say we go with 2.5% and we dont change the 20% PoS. This is rough math here but starting the MN now and taking out the month that has already been passed. MN get 1,062,500 still left paid out over the next about 11 months. so just say there is 330 days left in this year that means masternodes get 4.4718 coins per block to be divided between the total number of masternodes. once again sry for the rough numbers ok so that 1,062,500 looked high if that was only 1 year and we said 5 million was going to last 46 yrs. so i factored the 2.5% compounding interest over 46 years and we would need to add a little over 104 million to the coin cap to keep the PoS the same as it is now. |
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Also, just to throw it out there, it would take one year of shortening the 2.5% PoS to provide the Mnodes with 5+ million coins.
Any way how you choose the payout schedule, how would you be able to program the OC itself to divide 5 million coins over 45 or 46 years to work harmoniously with PoS? Won't PoS generate 20% of all coins, including the Mnodes payout?
Thats where I can't answer since I don't know the mechanics.
that is the easy part after we get the number, to write the code. it's part of seeing what we end up doing how i work the numbers to run. but what we are thinking is paying out every masternode their % of every block reward. so (and sry this is off my mobile) lets say we go with 2.5% and we dont change the 20% PoS. This is rough math here but starting the MN now and taking out the month that has already been passed. MN get 1,062,500 still left paid out over the next about 11 months. so just say there is 330 days left in this year that means masternodes get 4.4718 coins per block to be divided between the total number of masternodes. once again sry for the rough numbers |
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Halofire, Jim Rambler,
It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)
We might be able to find a great new structure tonight
I am sure you will come out with great numbers.
To determine what the cap max should be if PoS cut 50%: If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 or less. Ok I think I got what your saying here, paint me the full picture so I know it's waht you mean. PoS 50% cut MN @ what % Mn @ 2.5%. i screwed my math up. i edited this original post to say 102.5 million not 101225000 You're going to laugh. Either I'm having a serious brainfart, or... Should just add 5 million (2.5% of 200 million) to the coin cap now for the Mnodes and leave everything else the same as it is now, same result, except our held coins remain worth the same and holders don't get rewarded. We'd have to divide the amount of coins already in circulation for it to work correctly. yeah 2.5% seems like a lot but its really not and 5 million probably works I'm on my mobile now but give me a sec to do the math, 5 mill prob last the whole 46 years at 2.5% the reason I shifted % originally was to give incentive to put up maternodes with out just raising coin cap 5 million cap raise to accommodate a feature is really negligable if you think about how it impacts 200 million over 46 years. very true!! my thoughts came from one of my favorite things about crypto, to add things you must go to the people and ask, rather then just print more money. Like we see so much now a days, but i like this idea and we will see how others weigh in? |
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Halofire, Jim Rambler,
It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)
We might be able to find a great new structure tonight
I am sure you will come out with great numbers.
To determine what the cap max should be if PoS cut 50%: If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 or less. Ok I think I got what your saying here, paint me the full picture so I know it's waht you mean. PoS 50% cut MN @ what % Mn @ 2.5%. i screwed my math up. i edited this original post to say 102.5 million not 101225000 You're going to laugh. Either I'm having a serious brainfart, or... Should just add 5 million (2.5% of 200 million) to the coin cap now for the Mnodes and leave everything else the same as it is now, same result, except our held coins remain worth the same and holders don't get rewarded. We'd have to divide the amount of coins already in circulation for it to work correctly. yeah 2.5% seems like a lot but its really not and 5 million probably works I'm on my mobile now but give me a sec to do the math, 5 mill prob last the whole 46 years at 2.5% the reason I shifted % originally was to give incentive to put up maternodes with out just raising coin cap |
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Halofire, Jim Rambler,
It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)
We might be able to find a great new structure tonight
I am sure you will come out with great numbers.
To determine what the cap max should be if PoS cut 50%: If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 102.5 million or less. So IMO, 84 or 88 or 102.5 all work. Like this - 1st Year: 10% Pos 2.5% MN - 2nd Year : 2.5% Pos 2.5% MN - 3rd yr/Flat: 1.25% Pos 2.5% MN (102.5 million coin cap) need to plug these numbers in or do you know how many years? |
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Halofire, Jim Rambler,
It would be great if you could make a few calculation on what would be possible with all those great ideas.( New Pos rates, Mnodes rates, New coin capacity, Period)
We might be able to find a great new structure tonight
I am sure you will come out with great numbers.
To determine what the cap max should be if PoS cut 50%: If we cut the PoS by 50%, we would need to reduce coin cap by 1/2 to maintain stakers ROI. Cap at 100 million (or less) to theoretically double the price/value. Add in Mnodes, now coin cap has to be 101,225,000 or less. Ok I think I got what your saying here, paint me the full picture so I know it's waht you mean. PoS 50% cut MN @ what % |
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Yes too much change can be a bad thing sometimes, this was why I left the original coin cap and only shifted the reward % around
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I think to short a few numbers up will make OC much more attractive.
The value of OC will grow with new POS rates and a new 84 Mio coin capacity. If, you think 8 Years is too short we can play with the rates to get a few more years. Still, I assume it will be more than 8 Years as not all coins will be staking.
I think it could be a nice fresh new structure for OC and we make a nice communication on the new numbers and the masternodes.
If you want 84 million based on BTC's 21 million, yes, the time for minting needs to be extended past 8 years, since BTC has only ~13 million out in circulation. We have 51 million of 84 = 60.7%. Btc is at around 62%. OC % would pass BTC % in a few years, then skyrocket. If we mint out all our coins way before btc does, the OC price curve would take time to catch up, and I'm talking years. Right we are moving in a good direction, but 8 years is a little short. Lets not for get after minting in over transactions and masternodes will depend on transaction fees alone. While I do see the price of our coin raising in value over the next 8 weeks and even more in next 8 years. We need a longer payout time to help transaction fees caught up, this probably means higher coin cap then 84 mil. |
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I personnaly think we can reduce the POS.
We could maybe decide to bring it down directly to:
- 1st Year: 10% Pos+2,5% Mnodes
- 2nd Year : 5% Pos+2,5%Mnodes
- 3rd year and over: 2,5% Pos + 2,5% Mnodes
A coin reduction would be ok for me. It brings more worth to the coin. Dont know technical if minting after year 3 isnt necessary? What do masternodes get after year 3? Good point I took it as year 3 was also the start of Flat rate |
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I personnaly think we can reduce the POS.
We could maybe decide to bring it down directly to:
- 1st Year: 10% Pos+2,5% Mnodes
- 2nd Year : 5% Pos+2,5%Mnodes
- 3rd year and over: 2,5% Pos + 2,5% Mnodes
Wow!! I will work with those numbers Thank you! I haven't thought to bring year 1 down that low, it made me cringe taking it even down to 15% when working the numbers last night. But we must consider every way possible |
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Hi Devs,
Would it be possible to make a post on 3 different possible Masternodes specifications and then we make a vote ?
Is this already in plan ?
I'd like to add my input on the numbers but I don't how much the devs are aiming for, for the masternodes payout. I'd assume they'd want 2% of the coin cap from their model. I'd go as far as 10-20% with a larger amount of OC required per Mnode, like 10k, but only if they choose options B or C of my scenarios. I haven't checked these numbers, Idk if they would work. The fees/prices associated with the free year at amazon hosting AFTER the free year becomes like another electric bill. There are so many options to choose from, and have no idea how much data 1 Mnode would use. Need to know what data package we'd need (per operating system) to buy or if we could just re-sign up with a new account and get another free year. Is it contracted 1 free year for like a 5 year contract? Who's got experience with this who can answer? It is the "t1.micro" which is free for the first year and then $60 for a 1 year term or $100 for a 3 year term Perfect, thanks.  Does that manage only one node or multiple? That well only manage 1 node but I'm still looking in to maximizing amazon's "Free" offer. What I mean is it says -750 hours of EC2 running Linux/Unix Micro instance usage -750 hours of EC2 running Microsoft Windows Server Micro instance usage So I want to see if we can get you guys a linux and a windows for free? Because if so then we will be able to have 2 for free, i can do this with code but not sure if Amazon means only 1 free either Linux OR Windows |
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Hi Devs,
Would it be possible to make a post on 3 different possible Masternodes specifications and then we make a vote ?
Is this already in plan ?
Let me start with my goal as a Dev for Orangecoin. "To get you more out of Orangecoin" I can done this 2 ways either add more coins to your wallet at near the same price or add more value to each coin in your wallet. Yes we can both but one will suffer as the other raises. What I mean is this 20% is great PoS however I'm sure you don't want to hear this but it hurts the coins price. The more coins you make the less coins you have to buy. The less coins you buy the lower the price stays. Now this is a great thing for early investors!! because you bought when the price was low. I don't want to cut the PoS so much that it changes Orangecoin way too much, however any change at all may be way too much in some one out there's eyes. We just have to all know that no matter what the community decides there will be some one verbal or not that is upset with the choose. Is there a way to do this that will make most of the stake holders happy? I'm sure of it!! We what to hear from every one out there either public or PM, so we can better choose on what you all have to say!! I do like the vote idea but it's not that it would be to hard to do, but to do it right is a major job. You all here need to know that while bitcointalk is great we will not be getting everyone's voice. No matter how long we wait or how inviting/privet we make the vote. And while a vote is great we would have to do it like a share holders meeting. Meaning we would have to have everyone prove there size of the stake they hold and weigh their vote based on that % of stake. With that said, does everyone have an equal voice? YES!! |
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Hi Devs,
Would it be possible to make a post on 3 different possible Masternodes specifications and then we make a vote ?
Is this already in plan ?
I'd like to add my input on the numbers but I don't how much the devs are aiming for, for the masternodes payout. I'd assume they'd want 2% of the coin cap from their model. I'd go as far as 10-20% with a larger amount of OC required per Mnode, like 10k, but only if they choose options B or C of my scenarios. I haven't checked these numbers, Idk if they would work. The fees/prices associated with the free year at amazon hosting AFTER the free year becomes like another electric bill. There are so many options to choose from, and have no idea how much data 1 Mnode would use. Need to know what data package we'd need (per operating system) to buy or if we could just re-sign up with a new account and get another free year. Is it contracted 1 free year for like a 5 year contract? Who's got experience with this who can answer? It is the "t1.micro" which is free for the first year and then $60 for a 1 year term or $100 for a 3 year term |
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Hello I am a new Dev to Orangcoin
Anon/masternodes will be coming in stages
First stage - give the community the "proposed" spec on masternodes, as well as some info on masternodes to start the familiarity process of the community.
Second stage - Release the masternode files and detailed instructions on how to set one up.
Third stage - after maternodes have been up, running and stable We will then start sending Anon transactions through them
Stage 2 & 3 don't have dates set yet, we will have a better idea of dates after we get the final masternode specs. Which are being worked though based on the communities suggestions.
Also during stage 2 the masternodes will began receiving reward payout even though Anon transactions are not being sent through them until stage 3. This will be done to both test rewards working proper and help off set server cost. We want masternode servers earning rewards from day one.
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Ok $5/month is to use the equipment, so that is the cost.
And like I have said your right the community has a voice and we need to revisit the numbers like you have pointed out.
Ok no hardware needed. Important point to me. Is just a setup necessary without checkin a few times a day ? If so I will setup a few masternodes  Well yes this is one of the benefits to getting amazon or digital ocean. They have the servers in their buildings, with battery back-ups and cooling.... Yes it's for the most part as easy as setting it up, loading the program, closing all the nodes but node 9999 and letting her run. There are a few steps in there but you get the gist. Like we said earlier we will put together a nice setup instruction guide for you all. |
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For sure!! In the end we are doing this for you guys and the coins future!! We want to hear what you guys all have to say. This is a big change no matter how it's done, no 2 dev's could possibly think of it all. And that's where the great community comes and help to look through it all with us.
And there could be options or things we didn't think of, so please community, do your research on masternodes and the OC economics! Ask questions if you don't know or understand something! Tell us what you think!! OC future is dependent on you! Great point!! I should have put this out there before. If you do have something you want to ask me but don't want to put it out there for the whole world to see, please just PM me. If I feel like there may be something in the PM that the group can benifit from. I will keep who privet, but I will post the info so others can learn as well, hearing from someone still learning helps me teach the group. |
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Thank you guys!! I felt with the big news today. It was a good time to have a presents, to help with questions. I'm very excited about Orangcoin!!
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For sure!! In the end we are doing this for you guys and the coins future!! We want to hear what you guys all have to say. This is a big change no matter how it's done, no 2 dev's could possibly think of it all. And that's where the great community comes and help to look through it all with us.
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Ok $5/month is to use the equipment, so that is the cost.
And like I have said your right the community has a voice and we need to revisit the numbers like you have pointed out.
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Yes this chart was just showing how we came up with the numbers. The reason "E" was said to be a % was because "E" is going to take a % away from the PoS reward.
Yes only 11 months left, we are still working through how to merge the masternode start times. We either start the masternodes 1 month (depending when) behind. Or we add the 100k Orangcoins, the masternodes would have made in the first month to the final amount of coins.
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