Batterys can you tell me your view on DAO's and how you think they will apply to Bulwark?
Hey bitChipper - thanks for the question. I think it's good and is probably something that we haven't done a good enough job addressing. At it's heart, Bulwark's governance model is a decentralized autonomous organization (DAO) that is governed by the Coin Fund starting on Year 2. This DAO will be able to vote on how the Super Block (equal to 10% of block rewards for the period) is distributed. We want to make participation in the DAO governance model as easy as possible for our userbase and plan to address this challenge as we get closer to the start of the coin fund. Bulwark's DAO will be directed by parties able to submit proposals, pay the submission fee, and garner the support necessary to have their initiatives approved. As with any decentralized system, an engaged user base is extremely important. What are your thoughts on DAOs? Do you have any suggestions for how we can facilitate a high level of engagement to avoid the challenges that other DAO-funded projects face? Well DAOs to me are one of the more interesting things about crypto, I think that if a coins community has a strong DAO then not only can the community bring more exposure to the project/coin but also maybe make a difference in crypto and even the world. I really cant say i have any ideas to facilitate engagement, but this would be my first experience in a DAO project. I will need to do more research on DASH and their DAO to get a better idea for how it has gone because from my perspective if you own a masternode why would you not engage in the governance? Do some people not? Besides Dash's history where can i learn a lot more about how these proposals work and what kind of stuff people propose? Thanks Frogman Dash and Pivx would be good places to look to see this system in action. We've detailed the entire process from start to finish in our whitepaper. Basically somebody would create a proposal, pay a small fee to get it listed, then go out and market their idea to the community in an effort to garner votes for their proposal. If they receive a certain number of votes over other proposals, they are awarded the budget's super block at the end of the month and then the process starts over again. It essentially saves up a chunk of coin for the community to directly decide how it should be spent, whether that be dev salaries, filling up the marketing fund coffers for additional giveaways, exchange listings, etc..., or on somebody's idea for an open source addition to the Bulwark platform that they want funding to be able to develop. I will look more into how Dash and PivX are running, and also what kind of proposals are being supported. I do remember seeing a picture on twitter of a DASH tour bus pulling up to the recent conference in Miami, it just made me think of how much potential a DAO can have if the coin does well and the funds for the governance are allocated wisely. Thanks for all your info, ill be around |
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another player in town, these guys made it pretty clear what the point of the coin is with the name "lendconnect" in their whitepaper they explain staking as buying the coin and selling it for a higher price....that's what "staking" is to them.... https://coinmarketcap.com/currencies/lendconnect/ |
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Anyone else buyed something from CryptoBridge and had to pay more or sold something on CryptoBridge and got less money? About 20h ago I made two orders there, one of them was a buy order and another one was a sell order. I buyed 3097575.99923 XP for 0.00000010 BTC, but it cost 0.32297969 BTC for me I sold 2187084.47634 XP for 0.00000010 BTC and got only 0.21232187 BTC for it So 0.019608667711 BTC walked away to somewhere. As I can understand that fee is 0.20% but this is not 0.20%. And as I saw from trade history that I'm not the only one. __________________ So I contacted to CryptoBridge support and they said: CryptoBridge is a decentralized exchange, we're not in control of the markets or funds. All trandes happen on the BitShares blockchain, CB is operating on top of it. You also pay order fees to create a transaction on the blockchain. If you think you're missing money you should talk to the Bitshares community to get an explanation, pretty sure it's a misunderstanding. __________________ Well not looking good for me that I buy from CryptoBridge and then I have to ask explanation from somewhere else and they didn't give any contact also. If something goes wrong then they give just a name and google yourself and look for a place to ask for  sick. Hey Mr newbie, so you bought and sold XP for the same price. I don't know if am buying this story. Gosh....now I completely understand why centralized exchanges support is the way it is  |
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Good growth, but what's special about that coin?
Its one of the first movers on the NEO blockchain, that in itself is enough to be special and merit a lot of price action. Its based off of AI (artificial intelligence), so we will see what comes of that but it sounds like its funded well and has a solid team. |
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Batterys can you tell me your view on DAO's and how you think they will apply to Bulwark?
Hey bitChipper - thanks for the question. I think it's good and is probably something that we haven't done a good enough job addressing. At it's heart, Bulwark's governance model is a decentralized autonomous organization (DAO) that is governed by the Coin Fund starting on Year 2. This DAO will be able to vote on how the Super Block (equal to 10% of block rewards for the period) is distributed. We want to make participation in the DAO governance model as easy as possible for our userbase and plan to address this challenge as we get closer to the start of the coin fund. Bulwark's DAO will be directed by parties able to submit proposals, pay the submission fee, and garner the support necessary to have their initiatives approved. As with any decentralized system, an engaged user base is extremely important. What are your thoughts on DAOs? Do you have any suggestions for how we can facilitate a high level of engagement to avoid the challenges that other DAO-funded projects face? Well DAOs to me are one of the more interesting things about crypto, I think that if a coins community has a strong DAO then not only can the community bring more exposure to the project/coin but also maybe make a difference in crypto and even the world. I really cant say i have any ideas to facilitate engagement, but this would be my first experience in a DAO project. I will need to do more research on DASH and their DAO to get a better idea for how it has gone because from my perspective if you own a masternode why would you not engage in the governance? Do some people not? Besides Dash's history where can i learn a lot more about how these proposals work and what kind of stuff people propose? Thanks Frogman |
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Hi guys,
I am getting ready to invest in a GoByte masternode. Is this a project that is meant to last?
Thanks
any blockchain that is supported by even a small community is meant to last, although gobyte is young i think it does have potential, invest responsibly do your research, compared to other masternode coins gobyte is doing fairly well masternode scene in crypto still very young, gobyte can have a future in this niche |
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Batterys can you tell me your view on DAO's and how you think they will apply to Bulwark?
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I can not belive people still trust lending programs after what happened to BCC.... Uau there is a sucker born every minute...like they say...
In 2018 all annoymous crypto will have difficulties surviving thru the regulators... what do you think will hapen with all the ponzi lending schemes....
My suggestion for the passive income is FIND good POS coin and stake it in the wallet.... do not trust this lending as they are not sustainable with up to 17% of refferals going down I down where.... it is not legit guys...
you can have a good return with POS coins. It will not be huge but at least it will be legit and you will make money on other backs.
I agree, I also can't believe people will still put their money into the lending platform after BCC. But people and their money ya know? People will still do it and take the risk for that passive income. I also agree it is better for people to buy a good Proof of Stake (POS) or a coin with masternodes ( https://masternodes.online/) and keep the coins in your own wallet in your own control. Also these coins wont have the risk of the lending platform stopping and the coin tanking, POS and masternodes are a system where you are mining (kinda) and are paid from the blockchain itself. |
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It's a beta launch, with the first 50 customers added and progressively more coming on board as we are sure things are right. The idea is to build slowly, not suddenly have more users than we or the system can handle. Also, ideally none of the inevitable pump & dump, hype and sell the news that would accompany that.
We'll publish an update next week, but so far, so good.
Looking forward to the update next week, any projects like this i feel like have huge potential, alot of space for crypto in a rewards based structures for businesses. What is going on with the logo though? was their a re-brand? |
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hey Christian, thanks for your support of DMD it has been much appreciated In your signature i see it says under BTDX Bitcloud "masternode 12.2"....what does this mean? Also where do you see this coin in 2 years? how is your support for BTDX different than BSD? Thanks again |
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First huge market correction since holding gobyte and the price has done fairly well compared to other masternode coins,
we made a low in btc around 350ksats and have since come back up over 400ksats.
Shows there is major support for this coin going forward, the price action is very similar to other masternode coins in that when
btc drops there is less volatility because there isn't as many speculators in these markets.
Also want to say that the recent fud is only fud and gobyte is a legitimate coin with solid team and future.
Wow dude thanks for literally copy and pasting my comment from 5 pages back, you don't even bother to change any text or anything, the price reference doesn't even make sense to current prices. Spam somewhere else sheez....bitcoin talk is getting pretty bad about this. |
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The reason I posted on this thread was that people like you kept saying bitconnect 'collapsed' when it is blatantly false. They profited hugely from the lending and were not in any financial troubles. So they didn't 'collapse' in the way most people think and could have carried on fine if it wasn't for all the 'scam' complaints and getting authorities interested. They never scammed anyone before they were forced to close the lending and still paid everyone back their loans early at the 15 day average market price.
Of course the scammers profited, that's the point of the scam. But they didn't pay everyone back. Worthless made-up tokens are worthless. They should have paid back those dollars that they promised - should be easy since they were not in financial trouble? But they didn't. Therefore scam. Authorities tend to be interested in large scams. Authorities are interested and the class action lawsuit that was filled in florida is a good start but i highly doubt any justice will be served here. Maybe some of the big youtube promoters will get slapped on the wrist with something but thats probably it. Unfortunately in the end the people who will be punished is the hardworking people who took money out of their savings to try and get in on some of this "bitcoin boom" stuff and were mislead by greedy/irresponsible promoters who got them to invest through their ref link...shame shame shammmeee on the promoters of this! |
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Well obviously the people who say the truth are often hated. So you are telling me that they are making up all the BCCX they sell each day? So even before they closed the lending they didn't received $13million each day in BTC? They are losing if they did always sell out because they are taking BCC tokens worth less than 10% of the price they are accepting for them.
You use the word "obviously" in a way that makes me think you don't know what it means. I'm saying that we have no way of knowing what's going on with BCCX. There is no transparency whatsoever. There is no way of knowing if they are selling out or if they're selling more than $13m worth. So when you invest in any ICO, why is that not a Ponzi if they value of the token isn't really based on the success of the company as profits are not shared (at least with most stocks there is some eventual hope of a profit share or acquisition later on but someone buying a company that issued these crypto tokens in the past does not need to buy these tokens back)? Aren't these tokens usually a zero sum game so if the price goes up there has to be losers when people sell??
Your whataboutism is getting old. Bitconnect is a proven scam. That is not going to change even if there are other scams out there. Bitconnect is the scheme that blatantly promised high returns and then collapsed. If other ICOs do the same they're scams too but why don't you go post about that in their respective threads? Keep this on topic. The reason I posted on this thread was that people like you kept saying bitconnect 'collapsed' when it is blatantly false. They profited hugely from the lending and were not in any financial troubles. So they didn't 'collapse' in the way most people think and could have carried on fine if it wasn't for all the 'scam' complaints and getting authorities interested. They never scammed anyone before they were forced to close the lending and still paid everyone back their loans early at the 15 day average market price. It blatantly DID collapse!! It went from like $400 to $10, how is that NOT a collapse?! At this point its like you are just shilling to troll people, bitconnect will go down in crypto history as one of the most shady/scam coins there ever was. |
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This Weiss rating thing is going to catapult the price of this coin, I can't imagine the fury of rage brewing in the hearts of bitcoin maximalist out there....steem of all altcoins got a better rating than bitcoin....unbelievable!!
Steem $10+this year
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Good projects should get visibility and more exchanges will keep the investors happier. I don't know why the admins don't want new exchanges.Cryptopia is a tier 3 exchange. Atleast BWK should be on one decent exchange
exchanges are SLAMMED right now, its sooo expensive to get listed on major exchanges, even on cryptopia its really expensive there are sooo many ICOs that are coming out looking for an exchange to list them, the exchanges havent been able to keep up....we have a decent exchange in cryptopia and cryptobridge which i have used and is also good i dont think we need to worry about new exchanges atm, but thats just me |
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I can't believe the returns of masternodes on this coin.
I almost get the impression the whole system here works for the masternode owners.
Not that I'm complaining.
Another thing to keep in mind is that Bulwark masternode rewards are currently only 25% of the block reward. They're expected to increase to 33.3% in a little less than two weeks and then up to 50% approximately four weeks thereafter  More masternodes in the network, less rewards for each one. That situation will happen in the near future. Currently the block reward is 12.5, on 10 days it will be 16.5 and then 21.5, the devs have made so that even with more MN coming online in the coming months, there will be an average daily amount going to MN's , have a read through the plan in the whitepaper it's very cool I like their distribution model as well, but I am also afraid that when the block reward is increased we will see increased inflation and a toll on the price....hopefully im wrong |
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Good analysis and write up there on blockCAT, i agree that its a medium to low risk investment at current prices. What was that voting pic in the post though? Trex would be amazing |
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Everyone has been discussing and trying to find solutions in discord.
Some miner is pulling together massive amounts of hashrate and is exploiting not adding masternode peers in their configuration so the masternode payments are not going out, untill we can pull together enough hashrate for pow the miner can keep doing this even though its costing them a ton.
Dont take my exact word for it, get in discord to see for yourself.
But yes there is an issue with the masternodes at this time, but the devs know about it and have been very engaged with the community on finding a fix.
This sort of stuff happens all the time with young blockchains, there are always vulnerabilities and challenges. I was very surprised how fast the community found the issue and started to collaborate a fix, strong community here.
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Guess we will see where the price goes based on how smooth the mainnet launch is, maybe some more price action going up to the summit conference...should be interesting
ICX imo could easily crack top 10
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tried to figure out some facts but instead this thread is full with moon, hype and shills...
Ya this is not the best source for anything technical, mostly price speculation with some news scattered here and there. Check out factoms reddit or hop into slack to get better information and discussion. |
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