After Griffith looked over everything, he tells me that a core update AND adding masternodes will NOT require a coin swap. So Im going to ask him to move forward. Looks like masternodes will be at the cost of 1000 fly (Unless you guys want to go higher). I would like to see them cost 2000 fly to keep them rare. Its still early, so let me know.

Vegas

Guys here is an Android wallet we developed. Its fully functional and is for Sativa coin.

www.bitcoinlasvegas.net/files/sativa-release.apk

Vegas

Sure: 1HFdcSJ1emf9KEbMJ3hbh9CKL4BBmgp5Dm

Vegas

Great suggestion Groggin. I looked into Vcash, and more specifically the reward page. Its not very detailed. Here is what I found.

Node Incentives
The node incentives system donates a portion of the miners coinbase reward to peers that are helping to maintain the network infrastructure. The system is constantly probing for good publicly addressable peers. These peers are voted on using a deterministic scoring system that is secured by the blockchain. Additionally there is a collateral mechanism that (if enabled) can prohibit votes from peers that do not have at least N amount of coins (in a single deposit) in their default wallet address. The only requirements for participating in the incentive system are a possible collateral deposit and a publically addressable peer.

Questions and Answers
How do I know if my client is a candidate for incentive rewards?

Use the getincentiveinfo command in the GUI console. If you see "votecandidate, true" you are eligible to be a candidate.
Will collateral be required?

A collateral deposit of at least 10000 into the default wallet address will be required to be a vote candiate starting at block 220000.
How do I deposit collateral?

You send 10000 coins to your default wallet address found in getincentiveinfo as a single transaction. Within some time it should reflect in getincentiveinfo if the deposit is equal or greater than 10000.
What is the incentive percentage?

Schedule: https://gist.github.com/john-connor/967ba7f7e9dd0ec1f7a9


My question is: Your said .

So, when you say speed, is it speed of the computer hosting the wallet? Speed of internet connection?

Also you mention connect-ability as a factor. Can you be more detailed?

If anyone else knows , please chime in.

Vegas

I will certainly look into both, and then when I understand them, I will explain them in detail , what they are about.

Vegas

Any working pools?

Of course. Its 10% of the total cost of the job, once we are paid. Many people are emailing the OP, and informing them about our services. I would constantly check: https://bitcointalk.org/index.php?board=159.0

Vegas

Solo mine it

Well, we still are promoting our services and have already completed our first android job. I think it would add even more value to fly to add masternodes.

Vegas

Griffith is looking over our code to see if a swap is required for Masternodes. If a swap is not required, then I wont do it. I know users hate swaps, so I avoid them at all costs. But, I really think we need to do what it takes to get masternodes added, as it will cause heavy buy pressure. The next question becomes how much for each masternode? I do agree , that they should be rare, and people should stretch to acquire them. If the price per masternode is too low, then everyone has them, and there is no value. If its too high, people might not bother. Im considering 2000 fly per masternode. This should be a stretch, so people start buying. Im considering the reward structure similar to Dash, but this is not set in stone. Im open to suggestions.

Vegas

So the reason the wallet is in maintenance on yobit is because they have to update to v1.69. The way Yobit functions , is when they receive a request each time to update the wallet, they immediately put it into maintenance mode until they get a chance to update it. They offer a service to do it faster but it starts at .2 btc. This can get REALLY expensive , really fast, for each update. So lets just wait a few days for them to update.

Vegas  

Funny you should mention a data center would be best, as I own one , filled with the latest servers, and a private dedicated fiber optic network that can reach speeds past 1Gps upload and download, so that wont be a problem at all. Its looking more and more like this is the way to go. I think 1000 fly is the sweet spot for cost per masternode, unless you guys think it should be higher. Making the cost higher would bring more buy pressure, and make it more exclusive.

Vegas

I actually like the idea of masternodes being a higher priced. 1000FLY?? 2000FLY?? A higher requirement would cause more buy pressure.

Vegas

Ok so, the poll is indicating to do nothing. The problem is if we do nothing, then its just "another coin". I am strongly thinking of adding masternodes at the cost of 500 FLY per masternode needed to collateral. This will keep fly off the exchanges, and because there is a benefit to having a master node , people will be buying fly to get masternodes. This will cause more buy pressure.

So , doing nothing has generated pretty good results. We are one of the few coins that are rock solid at 100,000 sats after 1 year. Typically if a coin is active after one year, and its not inflated to hell, then thats a strong coin. Ive done a lot of work to keep inflation low as possible. Evan at 50% POS , I managed to keep it extremely low. We started at 150,000 coins , when the coin started and then there was a pow for 20,000 blocks, and its been about a year, and we have only increased the money supply by about 50,000 coins. Most coins are dead and abandoned or are at 1 sat in a few months. But I think adding masternodes is an OPTION. You dont have to participate, and just enjoy POSP.

We still have tons of development to do.

Our Electrum server is up and running so we can create Androids, and Griffith already completed his first one.
A multipool will be built that pays out in fly.

So there is lots to look forward to. People are finally beginning to see the safety of fly compared to all the newbie crap coins that are being released. I am way too far invested to run off and abandon this project. But more than that, I would never burn the people that have trusted me. Im always the first to stand up and defend this coin.

So now would be a good time to speak up for or against masternodes as I have asked Griffith to look over our code and see if we can do it without a swap.

Vegas

Here is why I want to make the wallet larger. Its NOT just about making the wallet larger, its because all of the quality is lost with the current wallet size. The current wallet size is: 998 x 597

Here is something I created to drive my point home.


Vegas

Guys to get the true beauty of the graphics, the wallet must be made the size of 1920x1080. This is 1920 width X 1080 tall. This will allow for super high resolution graphics. Our concern is that some of you have very old monitors/screen that cannot support this size. Is there anyone out that that has a screen that cannot support this resolution?

Vegas

Thank you Mr. Cooper!!

Will update OP.

Vegas

Guys hold off on sending any coins to Yobit, until I give the OK. I sent coins to Yobit, and they still have not confirmed , even though the chain is moving. Im quite sure its because they have not updated to v1.69 yet.


Vegas

Please make sure you are on wallet V1.69.

Everything is back to normal. Enjoy. Our next release will include superblocks with special icons that will be displayed in the transaction box, to easily identify them.

Vegas

I wouldnt say goodbye yet. The POS will fluctuate, and be changed as needed. Right now too many people dumping because too many coins. This throttles back the amount of coins available.
There is also the special wallets on the OP you can purchase that will increase your POS rate.






Vegas