Yeah the vote was pretty one sided
https://bitcointalk.org/index.php?topic=1582356.0
500k collateral per MasterNode

Everything is under testnet testing stage at the moment, so probably in a couple weeks or something.
We don't want to rush testing, but we also don't want to dwell on it for months.

Thanks roslinpl, we are all very excited to hear your news!
Thanks for being part of the team.

Just a quick update regarding the Migration to X11 with MasterNodes:

CURRENTLY UNDER TESTNET ENVIRONMENT

Wallets tested & functioning - visual changes required
MasterNode network live & active - issues with syncing Masternode DB
Mining live & active, blocks being created & confirming
Blockreward structure being analysed as not currently allocating the block reward as we require it to

Things are going well, the team is working great together and we're all excited about the migration.

More updates as we have them.

Feel free to join us in Slack
https://mueslack.herokuapp.com/

Sorry, the web wallet is off line.
Our previous dev stopped comms 3 weeks ago and has left several services unavailable.
We are trying to restore what we can, though it is proving challenging.
Responsibilities are being shared across several devs for the migration, so we are trying to mitigate this risk for future services.
Apologies.

Oh, sucks man, sorry about that.
PM me your addy and I'll send some to help start your stash again.

What do you mean?
What happened?

Your Decentralised organisation sounds really interesting!
Really forward to hearing more about it in due course & thank you!

Please don't deposit your MUE into Yobit exchange.
The MUE wallet has been in maintenance for weeks and they are manipulating price & volume.
Thanks

I'm not going to give a definite date just yet....
We are currently testing the win, linux & mac builds of the new wallet, then we're testing the MasterNode network & darksend/instasend functionality.
We are still aiming to have the coin swap underway for around the time the current coin supply hits 100 million (about 30 days?).
We'll keep everyone posted though for sure.
If you want please feel free to join us in Slack
https://mueslack.herokuapp.com/

Well, I think initially the rewards will be very healthy, and as with block rewards diminishing with higher difficulty, so the MN rewards will re-adjust as more come on line competing for the transaction reward.
Looking at Dash and it's established MN network of nearly 4000 MNs, they suggest the return is currently about 15% or so.

Please be aware the MUE wallet at Yobit has been in maintenance for weeks.
I have tried to get them to fix the issue, though it appears they prefer to just do weird internal pumps on their exchange instead.
Crypto...it's a weird old place.

Yes

Please vote in the MUE MasterNode poll
https://bitcointalk.org/index.php?topic=1582356

Thanks

We as a team had discussed the level of investment required for MNs and felt 1 Million was the right level of investment.
It would hopefully attract whales to invest, allowing others to mine, and also invest in "shared" Masternodes.

Since the post below, the level of MUE required for a MasterNode has been going round my head and I felt that yes, maybe 1 million MUE is just too exclusive and dilutes the "democracy" of the voting power of MasterNodes? Maybe?

So here is a poll to try to gauge opinion.

I think my parameters for MasterNodes is that
1) They mustn't be perceived as some kind of elitist product.
2) Whilst they should be regarded as highly prized, they should also be attainable or a kind of future goal to pursue.
3) They should be desirable enough to limit the number of them, but not price out newcomers/new investors.

If they are 1 million, we might have maybe only 50 (which is good)
If they are 500k, we might have 3 times the amount rather than just twice the amount? (which is better?)

Please do vote and discuss

Many thanks

B

Your question has been going through my head and we've discussed a little in Slack https://mueslack.herokuapp.com/
We are going to take a poll in the next few days time asking what people think the MasterNode collateral requirement could be.

I don't want MasterNodes to become some kind of elitist tool.
I want people to feel like they have a voice through the voting medium provided by MasterNodes and to this end we are considering a price somewhere from 500k-1Million.
I'll set up a poll in the next few days and post the link with probably 3 options, 500k, 750k, 1 million.

The lower the MN price the more people that can become MN holders and be involved with the MN voting process, and this can only be a good thing.
The counter argument to this is if the price is too low there is little incentive to mine MUE which puts the network at risk, so a balance has to always be maintained.
Also, for the larger holders, the lower the price means a bigger outlay as they have to create more MNs and the associated admin & overheads they incur.

Thanks

We think that is gauged at the right level of 1 Million MUE per MasterNode.
The price is still very much under valued, and also for those who can't afford a full MasterNode we will be offering MasterNode shares, plus there is the X11 mining that can be carried out for MUE rewards.

Please consider that those investors who invest their MUE in a MasterNode are helping to reduce the liquidity in the market place which helps everyone with an increase in the price.

We want to balance accessibility for all, with attractiveness for investors, and considering our options we feel offering POW, MNs and MN shares offers the perfect balance for all.

We're testing at the moment so no solid timelines, though we had pencilled in to have completed by the time we hit the 100 million coin cap, which is in about a month.
We will definitely keep people updated and provide clear simple instructions to complete the process and also allow people plenty of time to complete the coin swap 1:1

Some nice interest with MUE purchasing recently.
Hopefully this is a reflection on the decision making process and migration to X11 with MasterNodes.
It appears investors like the idea of having MUE MasterNodes at 1 Million MUE per MasterNode for long term returns.
https://bittrex.com/Market/?MarketName=BTC-MUE

This combined with record high diff is a very good reflection on the project.

Hey, you stood me up!
Any update on www.muegs.com ?
I can't reach the site anymore.
Cheers
B