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

[Orestes]

I agree that we need to determine a real goal first. But also take into account that our market will grow with us. At present rate it will take 10 years to get to 5 mln 8BIT. At that moment inflation will be 10% per year. You might say 10% that is enormous. But also consider that the coin is very rare right now.

What could we do with a coin supply of a few million coins?

Distribution favors those that run master nodes. Once the price is back to a comfortable level they will start to release coins to a wider audience. This means that it will be very profitable for early investors, nothing wrong with that because they've held the hot potatoe!

Some inflation numbers after year(x)=(1350*365/(102,000+(1350*365x))

1st year   -   82%   -   0.6 MLN
2nd year   -   45%   -   1.0 MLN
3rd year   -   31%   -   1.5 MLN
5th year   -   19%   -   2.5 MLN
10th year   -   10%   -   5.0 MLN
25th year   -   4%   -   12.4 MLN

At a marketcap of around $ 17,500, I say that our market can easy quadruple in a relatively short period. With these numbers that would mean we have 2 years to break even. If we get there sooner, thats profit!
$ 70,000 = 270 BTC
270 BTC / 0.6 MLN = 45000 satoshi
270 BTC / 1.0 MLN = 27000 satoshi

Now also take into account the models/graphs I presented earlier. (Double S & Hype Curve). I can easily see 8Bit beating these numbers through market acceptance. Once 8Bit has real value besides being profitable I can easily see a marketcap of $ 500k after 1-2 years. This would mean a price of around 190,000 satoshi at the end of year 2 or 38,000 after year 10 if market growth should stagnate. How is that for price stability / steady growth? Also a $ 500k marketcap is a very conservative number.

But first we need to get out of the "Disillusionment" so that we get into our next developmental cycle.

[8-bit-Party]

Anyone to point anything wrong with Orestes' theory? This is what we need, constructive discussion, not just placing random numbers.
I think we have first consensus - increasing masternode cost. Anyone against? Explain why. Now, not in August.

Voting soon.

[niki25]

In true facts, you can do the same with a currency very scarce and the same thing on a currency with a huge supply. Thats why there are 100 million divisions

[Orestes]

In true facts, you can do the same with a currency very scarce and the same thing on a currency with a huge supply. Thats why there are 100 million divisions

Agreed normally there are a 100 million divisions, but we have been given a starting point. Roughly 200k supply and a 30k satoshi pricepoint.

We can totally change the coin/math, which would be very disruptive and make it prone to p&d. Or work with the stability that we have right now, which is not all too bad if I say so myself.

Few million coin supply over a few years gives room to think about what to do with it. It's a normal amount of supply, nothing extraordinary which is good. When this is what we want and you run the numbers the result will be what we have right now.

Also, let's say we have a 5 MLN supply. 20% stuck in nodes and another 20% in wallet on exchanges or stake. That leaves 3 MLN for "use", how many users could we attract in 10 years time? <100,1000,10000>? that leaves <30000,3000,300> per user. Again these figures to me are alright!

I'm all for higher price (888)

[8-bit-Party]

Regarding STEP 3 - SOCIAL MEDIA.
We grow pretty nice on Twitter - I see your support. That's super cool.
But what's wrong with Facebook? Nobody know how to create a Fan Page?
REALLY?

[niki25]

In true facts, you can do the same with a currency very scarce and the same thing on a currency with a huge supply. Thats why there are 100 million divisions

Agreed normally there are a 100 million divisions, but we have been given a starting point. Roughly 200k supply and a 30k satoshi pricepoint.

We can totally change the coin/math, which would be very disruptive and make it prone to p&d. Or work with the stability that we have right now, which is not all too bad if I say so myself.

Few million coin supply over a few years gives room to think about what to do with it. It's a normal amount of supply, nothing extraordinary which is good. When this is what we want and you run the numbers the result will be what we have right now.

Also, let's say we have a 5 MLN supply. 20% stuck in nodes and another 20% in wallet on exchanges or stake. That leaves 3 MLN for "use", how many users could we attract in 10 years time? <100,1000,10000>? that leaves <30000,3000,300> per user. Again these figures to me are alright!

I'm all for higher price (888)

Being an inflationary model should suposse a higher number of coins to make a mn.
I bet for the stability, but as said yesterday, maybe we can find a service to have a deflationary system also. So the inflation is fairly controled and also reduced

[mastertrader777]

If you don't fix the MasterNode costs...the price will never leave 100K area again...

Yes its important to build a solid foundation and community, but if the core is junk we wont be getting any NEW community support.

Lets be honest here, whats going to give us a better market price and stop the excess of sell pressure in the 8bit market?

Reducing the payouts, and increasing the requirements to run MasterNodes.

It's crazy to see the "New Dev" fight the community on this...

Fix the MasterNodes, fix the payouts...any more than that is excuses.

Nobody cares about a Facebook fan page right now...we care about action.

Lets see some.

The quickest and most effective way to turn up the buy pressure is to "fix the leak".

Cheers,

MasterTrader777

[niki25]

If you don't fix the MasterNode costs...the price will never leave 100K area again...

Yes its important to build a solid foundation and community, but if the core is junk we wont be getting any NEW community support.

Lets be honest here, whats going to give us a better market price and stop the excess of sell pressure in the 8bit market?

Reducing the payouts, and increasing the requirements to run MasterNodes.

It's crazy to see the "New Dev" fight the community on this...

Fix the MasterNodes, fix the payouts...any more than that is excuses.

Nobody cares about a Facebook fan page right now...we care about action.

Lets see some.

The quickest and most effective way to turn up the buy pressure is to "fix the leak".

Cheers,

MasterTrader777

After having a talk with him?/her? i understood, that this could be run as a community coin, not a "dev" taking the control of everything, to avoid what happened here with the old dev.
Maybe i missunderstood it, 8-bit-party confirm this when possible.
Mastertrader777, i see a deflationary system a good way to reduce the selling pressure in the market.
Well, its just my idea, maybe theres not enough capabilities here to do this.
Just sharing my ideas.

[8-bit-Party]

We might also take lessons learned from other coins into discussion.
Like I already mentioned CRAVE inflation is very similiar to 8BIT one.
However, their current price is approx 3x higher than 8BIT. While their coin supply is almost 4x higher! (it also explains why our inflation is not a problem now)
CRAVE MN costs 500 CRAVE. 0.4 BTC
8BIT MN costs 112 8BIT... 0.03 BTC
Most CRAVE investors believe that CRAVE is heavy undervalued... So what we should think about our prices?
With current market prices to get same entry level as CRAVE MN has, 8BIT MN should cost 1450 8BITs! 8BITs which are 4 times more rare than CRAVEs.
Since greedy masternode operators don't wanna put ASKs to exchanges that price would be too high buy few masternodes without speculative price sky rocket (I am not interested in P&D). So 888 seems more reasonable.

[Dimitry]

If you don't fix the MasterNode costs...the price will never leave 100K area again...

Yes its important to build a solid foundation and community, but if the core is junk we wont be getting any NEW community support.

Lets be honest here, whats going to give us a better market price and stop the excess of sell pressure in the 8bit market?

Reducing the payouts, and increasing the requirements to run MasterNodes.

It's crazy to see the "New Dev" fight the community on this...

Fix the MasterNodes, fix the payouts...any more than that is excuses.

Nobody cares about a Facebook fan page right now...we care about action.

Lets see some.

The quickest and most effective way to turn up the buy pressure is to "fix the leak".

Cheers,

MasterTrader777

Masternode cost 888
masternode payout stay the same

best way to go and sell pressure where is sell pressure?

[Starin]

You just said --- "As for other development prices, I can talk to some developers to ask prices if it would cost 1.25 BTC just to increase the masternode price. I think it wouldn't cost that much, but anyway."

My response to that is --- you have to go out and look for an outsource fleelancer? --- I just have to send a skype message and tell my team we are pulling a fork job and give you guys an estimate right away, on the eta until completion. Everyone would have to download the new wallet, and get the new chain rolling, but I could make the announcements, and spread the word effectively!

You must have never coded a coin, because you would know the prices for a fork job are WAY more than the 1.25 BTC I was asking...normally its 2-3 BTC on the low low. 4 BTC most of the times, if your a guy messaging around desperately on the forum to find the developer to do the masternodes...

So 8bit-party done what you asked 1.25 btc for (and said its normally worth 2-3 btc or even 4 btc) and you still dare to speak? I can not believe this. LOL.

Not to mention block explorer and website.

Thank God this guy appeareda and community didn't have to pay you.

[Dimitry]

We might also take lessons learned from other coins into discussion.
Like I already mentioned CRAVE inflation is very similiar to 8BIT one.
However, their current price is approx 3x higher than 8BIT. While their coin supply is almost 4x higher! (it also explains why our inflation is not a problem now)
CRAVE MN costs 500 CRAVE. 0.4 BTC
8BIT MN costs 112 8BIT... 0.03 BTC
Most CRAVE investors believe that CRAVE is heavy undervalued... So what we should think about our prices?
With current market prices to get same entry level as CRAVE MN has, 8BIT MN should cost 1450 8BITs! 8BITs which are 4 times more rare than CRAVEs.
Since greedy masternode operators don't wanna put ASKs to exchanges that price would be too high buy few masternodes without speculative price sky rocket (I am not interested in P&D). So 888 seems more reasonable.

dont forget those greedy masternode holders did buy above or around 100K satoshi!

[8-bit-Party]

niki25, indeed, I want community driven coin.

Otherwise fag like masteretarded (or any other) will beg / blackmail to pay extra BTC, otherwise he will not even lift a finger.
What actually he has been showing for last two months.

Fair enough.

[Starin]

niki25, indeed, I want community driven coin.

Otherwise fag like masteretarded (or any other) will beg / blackmail to pay extra BTC, otherwise he will not even lift a finger.
What actually he has been showing for last two months.

Fair enough.

I was trying to tell this fact many times. No one cared. He was trying to profit to cut the losses he made from 8bit and even profit more.

[niki25]

So, if its intended to be a community driven coin, i guess you and mastertrader should resolve your problems.
With hostility you two will just be arguing between yourselfs, and that wont really be productive for a community driven coin

[8-bit-Party]

niki25 I dont care about mastertraded. I hope he will contribute something to coin. Instead he attacks again. Changing coin economy is not a thing to be done within one day by self proclaimed dictator. So I am asking community to organize, discuss, make an agreement. Meanwhile I am fixing missing things, website, explorer, social media and so on. Just to not sit back and wait forever till people will agree something. And masteretarded has problem with it? Geez.

I also made proof I know how to change coin code to new model. New github is created and sample changed has been comitted.

Finally - my voice in case of economics is equal to any other voice here. I will implement common decision. I can convice you, you can convice me. Still, my voice is one, non-deciding voice.

[Orestes]

Lets be honest here, whats going to give us a better market price and stop the excess of sell pressure in the 8bit market?

Reducing the payouts, and increasing the requirements to run MasterNodes.

It's crazy to see the "New Dev" fight the community on this...

Fix the MasterNodes, fix the payouts...any more than that is excuses.

The quickest and most effective way to turn up the buy pressure is to "fix the leak".

Thats the difference between a price-oriented and goal-oriented approach. The leak will fix itself given enough time. Actually its already fixing itself by stabilizing. Why would anyone want to disrupt the present state?

I can not stress this enough: The inflationary symptom is the result of the disillusionment after the initial hype. By "fixing" the pay-out you are treating the symptom but not the cause.

If someone bought-in high then let him buy some more low, it lowers the average buyer price and uplift the market-price, thus he will be able to get out sooner. But don't try to spike the price to 200k just to dump some bags... No the effects of lowering the pay-out could be detrimental on many levels.

[mastertrader777]

niki25, indeed, I want community driven coin.

Otherwise fag like masteretarded (or any other) will beg / blackmail to pay extra BTC, otherwise he will not even lift a finger.
What actually he has been showing for last two months.

Fair enough.

I was trying to tell this fact many times. No one cared. He was trying to profit to cut the losses he made from 8bit and even profit more.

The funny thing here is he hasn't done anything yet...yeah I asked for 1.25 BTC as a donation for my time to complete the MasterNode increase requirement.

Another funny thing is you are still trying to bash me for asking for a donation. It is what it is...I wasn't begging for any donations...I NEVER even posted a donation address - for the record.

So yes, I will still be here to speak, and voice my opinions. I'm not here asking for ish but the one modification everyone seems to be STILL ASKING FOR!

Then you have the "New Dev" calling me a "FAG" and "masteretarded" which is just plain disrespectful and immature.

I'm here stating the obvious facts, and it seems that the "New Dev" is quite intimidated by my presence which is oh so alarming and really putting you in the right light.

All you are trying to do is keep the MasterNode count down so you can continue to accumulate "New Dev" - You have made this VERY clear in the multiple replies to this subject.

You must really take me for "masteretarded" - as you call it, if you think I believe you to have any urge whatsoever to change the MN code.

You continue to make excuses, and compare other coins to attempt to make a valid argument that holds no ground.  

So, if its intended to be a community driven coin, i guess you and mastertrader should resolve your problems.
With hostility you two will just be arguing between yourselfs, and that wont really be productive for a community driven coin

As you can see this dev has no respect for the community, and continues to call community members names.

If he can treat people with respect and stop stalling with things like " Nobody can create and Facebook Fan Page, really...? " - I would see him as somewhat credible.

My honest opinion is this he/she has other intentions for this...and like I said in the beginning all this, we have someone else trying to derail the project...and create drama.

You guys can clearly see that this he/she has brought things to a standstill and is way more harmful than helpful.

I wont show anyone respect if they don't know how to give it.

Just my 2 cents.

Cheers,

MasterTrader777

[8-bit-Party]

Bla, bla, bla. Nothing new. For me it's EOT, you can continue your bla bla bla or move on. I don't care.

[mastertrader777]

Bla, bla, bla. Nothing new. For me it's EOT, you can continue your bla bla bla or move on. I don't care.

Haha, ok. So you don't wish to listen to the community. It's just "bla bla bla" and you don't care?

You call yourself a lady?

You really expect me to believe you are a female acting like this.

You act like a 14 year old teenager thats never been laid.

I've mentioned that if you actually "do something" - I will pitch in and offer you a helping hand. Case and point.

Cheers,

MasterTrader777