We'll start testing the new first draft X11 wallets this weekend.
If pjcltd (our new lead dev) needs any help we'll post details so you can get involved.
Standing by to support Sire  Great, thanks for that. More info will likely be released as we discuss it in the Slack, so see you there. |
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We'll start testing the new first draft X11 wallets this weekend.
If pjcltd (our new lead dev) needs any help we'll post details so you can get involved.
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Hi MUE community, We are considering adding MUE to https://www.coinvault.io/Is there any interest in the community for that? Should we wait for the x11 migration? That would be awesome, thanks for the consideration. I think it would be better to wait for our migration over to the new code base. I will follow up then if that's OK? Thanks again |
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New official post about the MUE migration to X11 http://www.monetaryunit.org/muestuff/mue-migrating-to-x11-with-powmasternodes/We'll keep people updated through the usual channels. To maintain the stability and security of the network, after a community poll (here), we have decided to migrate MonetaryUnit to a new code base.
The benefits are many, including but not limited to:
More stable code
Easier to mine
More secure
Greater features
Continued development
Accessible to more pools
Attractive to investors
More accessible to new comers
Robust systems & more scaleable
Sustainable financial infrastructure
Multiple revenue streams
This is a big decision and is taken purely for the long term sustainable success of this project.
We cannot “do nothing”.
We are using old code which is no longer maintained, and therefore we must act now in a sensible time frame, rather than rush at the last minute when we are forced to act.
More updates will be coming soon. The target date is about 40 days from now, and specifically once we have reached a total coin supply of 100 Million MUE.
More details about total coin supply can be seen here
We will be offering an automated coin swap service. You will submit your current MUE & we will replace it with the new MUE.
Please watch the usual channels for updates
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it's so good to Docking entity
Cool man, if we can help let us know. |
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Thanks to all who have voted & contributed to discussion. We're solidifying the ideas now for when MUE migrates. The plan will be aiming for a coin swap end date of 40 days from now which ties in with a coin supply of 100 million MUE (give or take a little). So, if you want to be part of this then watch all the usual channels for updates in the coming days. Just a heads up though, X11, Dash clone, and if you want some of the solo masternode action, make sure you have 1 million MUE to pay for it  "shared" options in masternodes will also be offered of course. Now is a good time to buy, we fully intend in making huge progress with this project over the next 12 months & wisely investing the development fund in further growth https://bittrex.com/Market/?MarketName=BTC-MUEMore updates coming with clear and solid plans and direction. Come and join in active discussion in our Slack, everyone welcome https://mueslack.herokuapp.com/ |
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We're solidifying the ideas now for when MUE migrates. The plan will be aiming for a coin swap end date of 40 days from now which ties in with a coin supply of 100 million MUE (give or take a little). So, if you want to be part of this then watch all the usual channels for updates in the coming days. Just a heads up though, X11, Dash clone, and if you want some of the solo masternode action, make sure you have 1 million MUE to pay for it "shared" options in masternodes will also be offered of course. Now is a good time to buy, we fully intend in making huge progress with this project over the next 12 months & wisely investing the development fund in further growth https://bittrex.com/Market/?MarketName=BTC-MUEMore updates coming with clear and solid plans and direction. Thanks |
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Yep, coins that can be mined only by CPU are not so common and I think that there are plenty of people that would like to mine with CPU.
It's an alternative to really think of.
It's certainly something that is worth considering. |
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I like the idea of simple changes being the easiest to manage.
Tiered masternodes carry a huge risk: equal voting rights between all tiers means a cloud of the cheapest nodes can take over the network. A large MUE holder could run a ton of noob nodes and sway any vote, including pulling an unfair share of the masternode rewards via the delegating process.
One healthily expensive masternode per IP would be the safest, IE 1 million MUE. Obviously you can run more than one, but it'd be challenging to run enough to create unfairness in the network, and you don't have to puzzle over fairness of relative pricing.
Mining algo is a tough choice. I like CPU-mineable algos that stay true to MUE's original vision of Me, U, and Everyone being able to mine it. Coding a pool interface, where the user can enter pool info and mine directly from the wallet, would be fantastic in supporting this vision, and wouldn't screw over casual CPU miners if/when GPU mining is available for whatever algo is chosen (if it's not been developed already).
That's the conflict I had, which is why I was thinking of a tiered node stucture, which by the sounds of it is dead in the water? Maybe then some kind of multi-algo approach similar to what JoinCoin (and maybe others) has tried for the POW portion might address the accessibility? To address the "accessibility" of MUE to new comers & less well funded, we can offer masternode shares. So for a tiny fraction of the cost of a masternode, people can still get the benefit and enjoyment of being part of a masternode. |
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We'll be closing this poll this weekend, so speak now or forever hold your peace |
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I like the idea of simple changes being the easiest to manage.
Tiered masternodes carry a huge risk: equal voting rights between all tiers means a cloud of the cheapest nodes can take over the network. A large MUE holder could run a ton of noob nodes and sway any vote, including pulling an unfair share of the masternode rewards via the delegating process.
One healthily expensive masternode per IP would be the safest, IE 1 million MUE. Obviously you can run more than one, but it'd be challenging to run enough to create unfairness in the network, and you don't have to puzzle over fairness of relative pricing.
Mining algo is a tough choice. I like CPU-mineable algos that stay true to MUE's original vision of Me, U, and Everyone being able to mine it. Coding a pool interface, where the user can enter pool info and mine directly from the wallet, would be fantastic in supporting this vision, and wouldn't screw over casual CPU miners if/when GPU mining is available for whatever algo is chosen (if it's not been developed already).
That's the conflict I had, which is why I was thinking of a tiered node stucture, which by the sounds of it is dead in the water? Maybe then some kind of multi-algo approach similar to what JoinCoin (and maybe others) has tried for the POW portion might address the accessibility? |
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Happy birthday MUE, two today |
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Other (supports master nodes)
i vote for support master nodes, that's make people keep buying and hold mue, but we must increase the minimum balance maybe 1m mue.
Yeah, the true "master nodes" I think should require a significant investment. It helps reduce the liquidity in the market, and also potentially motivates investors to buy MUE, all helping increase the price. As my post above suggests, The_Prof and I both like the idea of tiered "nodes" with incremental % return, and incremental cost in MUE. Obviously the top tier Master node would cost the most and give the greatest return, however, to improve the accessibility of nodes we could have tiers something like: Noob Node - 10,000 MUE - 2% return Ninja Node - 50,000 MUE - 4% return Monster Node - 100,000 MUE - 6% return Master Node - 1,000,000 MUE - 10% return I'm just making up the names & the return %, but hopefully you get what I mean. We'd have to look carefully at these numbers to make sure they work. edit: Also, I wonder whether we could implement some kind of "lock-in" period for the masternodes, or whether that would even be appealing? I think if you want the benefit of the node % return, then you should be willing to lock in your MUE for at least a fixed term, again, helping decrease the liquidity of the market. |
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about supply ?? so MUE will keep 100M supply or more ??
In my post above I've suggested a reduction in cap from 1,000,000,000,000,000 (1 US quadrillion) to 4,000,000,000 (4 US billion). The initial principles of MUE being accessible to new users, and also being a relatively low value per unit crypto are still very important, but fact is, I set up the coin initially to do as much as I could to put off the sort of crypto people who like to take advantage, one of those things I did being the ludicrous coin cap. MUE is currently divisible to 5 decimal places, though the new coin will be divisible to 8 decimal places like BTC is "currently" (I bet that will change again if BTC hits big numbers). Happy to hear suggestions about coin cap, though we should still keep in mind the principles above. |
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i would go with scrypt.
Hi, any particular reason, or is it an algo you just prefer? Thanks |
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It would be a shame if it would get turned into an ASIC coin with x11.
Hi, thanks for the feedback. Any suggestions for an alternate route we could take? Thanks |
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