[*] 8BIT [Dark Masternodes][Anon][Roadmap Stage 4]

[8-bit-Party]

To all rich list readers:

• there was a setting that limited inputs counted in richlist
• now this limit has been moved MUCH MUCH higher so it's no longer a case
• it affected often-staking addresses
• now everything is shown properly

props for dbt1033 who found this issue and provided details helping me resolve it immediately.

[blooding_sorrow]

The winner is: D

New economy model will be:

• masternode cost: 1024 8BIT
• block reward: 1 8BIT
• masternode reward: 0.8 8BIT
• PoS part reward: 0.2 8BIT

Thats mean reward for staking will be only 0.2 instead 0.32? For me it's not good becouse I only stake large amount of 8 bit....[/list]

[soco]

...

For all those who have issues with running masternodes.

Describe your problem here. We can help. .....

Ubuntu 12.04 8-bit mn setup instructions sometime at/before fork of coin.

I have 1 windows VPS and would like to migrate the masternodes to multiple Ubuntu servers.

By using online Linux guides, I've learned to setup, update and harden a Ubuntu server. I need help past that point to setup the 8-bit masternode.

Please and thank you.

soco

[8-bit-Party]

What's the problem exactly?
Getting sources? Compilation? Configuration? Any errors? Just show them.

[8-bit-Party]

soco, have you tried https://bitcointalk.org/index.php?topic=1028119.msg11838552#msg11838552 ?

[allZuckedUp]

I've got me a silly masternode question...
So I've got a few set up already, but I've been putting together a few more.
Here's my question:  In the masternodes I've already set up, I did the transfer of the 112 8bit from bittrex and cryptsy... The exchanges were up front about the fees and it was easy enough to account for exactly 112 showing up in the new wallet.  But, now my extra funds are in a local wallet, so I'm a little confused about the 0.0001 transaction fee... Do I send 112.0001, or 112 even and it'll take the fee from my remaining balance?

[Tinkles]

Hi, a question:

If the masternode cost is 1024 8BIT, and the supply is 200k 8BIT, does that mean only 200 masternodes can exist today?  How come there are 350 today (I mean will some existing masternodes have to be shut down)?  Sorry if stupid question  

Thanks

[soco]

soco, have you tried https://bitcointalk.org/index.php?topic=1028119.msg11838552#msg11838552 ?

Thank you for the link, I missed that post! I will give it a go shortly.

[8-bit-Party]

I've got me a silly masternode question...
So I've got a few set up already, but I've been putting together a few more.
Here's my question:  In the masternodes I've already set up, I did the transfer of the 112 8bit from bittrex and cryptsy... The exchanges were up front about the fees and it was easy enough to account for exactly 112 showing up in the new wallet.  But, now my extra funds are in a local wallet, so I'm a little confused about the 0.0001 transaction fee... Do I send 112.0001, or 112 even and it'll take the fee from my remaining balance?

You always send 112. Your wallet will include fee, so you will actually send more than 112, but it's wallet problem to calculate exact amount. Note it's 0.001 per kB of tx, not fixed 0.0001.

Hi, a question:

If the masternode cost is 1024 8BIT, and the supply is 200k 8BIT, does that mean only 200 masternodes can exist today?  How come there are 350 today (I mean will some existing masternodes have to be shut down)?  Sorry if stupid question  

Thanks

Current MN cost is 112 8BIT. This is extremely cheap so we have many masternodes. And yes, 9 masternodes now will create 1 new masternode. If someone has 12 masternodes now, he will create 1 masternode and put remaining funds from 4 old mns to stake.

[allZuckedUp]

Hi, a question:

If the masternode cost is 1024 8BIT, and the supply is 200k 8BIT, does that mean only 200 masternodes can exist today?  How come there are 350 today (I mean will some existing masternodes have to be shut down)?  Sorry if stupid question  

Thanks

masternodes are not 1024 yet... although that's coming.  For now they are 112 8bit.  Also, I believe staking creates new coins.

[Tinkles]

Great, thanks for the explanations.

So up to 200 masternodes with the new numbers (and current supply).  And I guess this can be changed as needed in the future.

Thanks!

[8-bit-Party]

Incoming inflation allows creating one new masternode daily. 40 per month. 479 per year. Not bad.

[soco]

https://www.youtube.com/watch?v=_ZYjsS5t_hc

This reminds me of the BBS days at 2400 and 9600 baud

[drays]

OK, nice to see the decision is made. Even though it is very far from what I would prefer myself, but it reflects the common desires of the community, and that is the most important part.

Now regarding the self-moderated thread suggestion: please forget about that! My take on this - NO! No self-moderation for this coin. It was open discussion since the very beginning, and this is why we have this great community here!

Even without any misuse, the fact of self-moderation will create doubts in honesty of the Dev/Devs, which is unhealthy. This is especially true now for this specific coin, because there are still doubts regarding the intentions of 8-bit-party. The thread and discussion should remain as open as it could be, so those doubts could resolve themselves.

Except that,
1. we don't really have FUDers here ( yes I mean that!). There are sceptics, and pissedoff people, but not blatant FUD
2. Strong community could easily survive fud and bash fudsters. I've seen it done on few other good coins, and I have done it myself too.
3. FUD is a great indication of interest, and is actually needed to keep community strong . If allFUDsters will be banished in real world, there will be no opposition, and society will be in bigger danger

FUD on community is like wind on fire - it will kill the weak fire, and make the strong fire stronger. I believe this community is mature enough.

Say NO to self-moderation!

That's all I wanted to tell.

[dbt1033]

OK, nice to see the decision is made. Even though it is very far from what I would prefer myself, but it reflects the common desires of the community, and that is the most important part.

Now regarding the self-moderated thread suggestion: please forget about that! My take on this - NO! No self-moderation for this coin. It was open discussion since the very beginning, and this is why we have this great community here!

Even without any misuse, the fact of self-moderation will create doubts in honesty of the Dev/Devs, which is unhealthy. This is especially true now for this specific coin, because there are still doubts regarding the intentions of 8-bit-party. The thread and discussion should remain as open as it could be, so those doubts could resolve themselves.

Except that,
1. we don't really have FUDers here ( yes I mean that!). There are sceptics, and pissedoff people, but not blatant FUD
2. Strong community could easily survive fud and bash fudsters. I've seen it done on few other good coins, and I have done it myself too.
3. FUD is a great indication of interest, and is actually needed to keep community strong . If allFUDsters will be banished in real world, there will be no opposition, and society will be in bigger danger

FUD on community is like wind on fire - it will kill the weak fire, and make the strong fire stronger. I believe this community is mature enough.

Say NO to self-moderation!

That's all I wanted to tell.

I second this.  No self moderated thread.

[8-bit-Party]

Great, this is a feedback I need.

[blackyblack]

Great to see progress here. I can build and setup a testnet node. I want transition to the new economic model ASAP.

[ShopemNL]

soco, have you tried https://bitcointalk.org/index.php?topic=1028119.msg11838552#msg11838552 ?

Thank you for the link, I missed that post! I will give it a go shortly.

I will release a full tutorial within a few weeks. Don't forget that you can manage your nodes at http://www.coinnode.eu/dashboard/

[Dimitry]

OK, nice to see the decision is made. Even though it is very far from what I would prefer myself, but it reflects the common desires of the community, and that is the most important part.

Now regarding the self-moderated thread suggestion: please forget about that! My take on this - NO! No self-moderation for this coin. It was open discussion since the very beginning, and this is why we have this great community here!

Even without any misuse, the fact of self-moderation will create doubts in honesty of the Dev/Devs, which is unhealthy. This is especially true now for this specific coin, because there are still doubts regarding the intentions of 8-bit-party. The thread and discussion should remain as open as it could be, so those doubts could resolve themselves.

Except that,
1. we don't really have FUDers here ( yes I mean that!). There are sceptics, and pissedoff people, but not blatant FUD
2. Strong community could easily survive fud and bash fudsters. I've seen it done on few other good coins, and I have done it myself too.
3. FUD is a great indication of interest, and is actually needed to keep community strong . If allFUDsters will be banished in real world, there will be no opposition, and society will be in bigger danger

FUD on community is like wind on fire - it will kill the weak fire, and make the strong fire stronger. I believe this community is mature enough.

Say NO to self-moderation!

That's all I wanted to tell.

I second this.  No self moderated thread.

+1

Agree, I like point 3

[niki25]

I missed some actions these past days.
I wouldnt go for self moderated thread.
As said some post ago, it will create an uncertain feeling, which is not the best for this coin atm