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

[8-bit-Party]

Talking about "making investors happy" and ROI in 30 days is actually talking about ponzi scheme. You do not need to attract "investors" with fantastic ROI numbers since these numbers without real value behind coin will lead to dumping coins at the newcomers.

ROI in 30 days is false since number of masternodes grows everyday. Everyone knows it, no matter if it's BTC minning or running masternode. It's just a matter of something looking better than other offers on the market.
Also I believe that PROFIT is much better for both sides here. You can tweak ROI without touching PROFIT.
Finally, one of current problems is lack of cheap coins on the market. With most popular masternode price proposal (888) 4 new investors each buying one masternode would make price skyrocket (+400%). How you wanna convince them to invest without nice numbers? This is part of marketing! More investors means we are more popular since people spread the word. If someone will dump his masternodes quickly... GREAT! Cheap coins!
Most of my coins I bought with average price over 100K satoshis. Many investors here would be happy to see epic big dumps as they will let us reduce average buy price. Lower average buy means you are not nervous on the market, you make better decisions. Finally you can focus on coin development / promotion since you know this-day-price is no longer matters.
Long term coin value is tech/market innovation/adoption and marketing.
We can't build first one within two weeks. But we can start marketing now.

[niki25]

Investors should be attracted when services are delivered through mn, right now, without  services, newcomers will just come to speculate, most of them, not all.
Other ones will stake, and some of them will be converted into mn.
By the way, i think 3k 8bit is really really high.

[8-bit-Party]

It's always about speculation! Investors should be attracted when services will start because they believe IT WILL bump the price or because they believe others will follow such beliving. Not because services affect market price automatically.
That's why marketing and product development are different things. Sure they have same origin (product), they play in same team and they can't achieve success without each other. But their activities need to be run in parallel, otherwise either finished product will be useless since noone will wait for it as people will go elsewhere, or product will be never accepted because of too aggressive marketing, slow development and unmet expectations. Everything has to be balanced, each part should support other one without pointless looking and saying I am waiting for you. Many well-promising coins were fcked up this way. Many are going down. Good, fresh  examples of still alive but ATL priced are AERO and BURST. First with great ideas, enormous expectations and lack of working product. Second, absolutely innovative technology and proven devs proficiency and lack of marketing.


3K is just an example, it's not even available in voting. Point to discuss for next-next hardfork.

[niki25]

It's always about speculation! Investors should be attracted when services will start because they believe IT WILL bump the price or because they believe others will follow such beliving. Not because services affect market price automatically.
That's why marketing and product development are different things. Sure they have same origin (product), they play in same team and they can't achieve success without each other. But their activities need to be run in parallel, otherwise either finished product will be useless since noone will wait for it as people will go elsewhere, or product will be never accepted because of too aggressive marketing, slow development and unmet expectations. Everything has to be balanced, each part should support other one without pointless looking and saying I am waiting for you. Many well-promising coins were fcked up this way. Many are going down. Good, fresh  examples of still alive but ATL priced are AERO and BURST. First with great ideas, enormous expectations and lack of working product. Second, absolutely innovative technology and proven devs proficiency and lack of marketing.


3K is just an example, it's not even available in voting. Point to discuss for next-next hardfork.

It is not all about believing, if there is a product which people use, the userbase will grow. Also what people believe determines market price and so on.
Im with you, marketing is apart, there must be a product (service) to run marketing of it.
Everything must be balanced in order to achieve the success.

[mastertrader777]

Hey guys,

I have read over what 8BitParty has posted in regards to Masternode Price Vs. ROI Terms.

This is why I proposed this:

Code:

| H |   888 |  0.8880 |  0.4840 |   39 |   0.23088000 |  16.60425824|  0.00431711|  53d | -  26.00 % |

It's right in the middle of the road, in comparison to the subject matter we seem to be getting stuck on.

3K per MasterNode is kinda insane.

888 8bit per masternode, with a masternode payout of .4840 is 53 day ROI.

Not too soon, not too late.

It would be cool, if there was a way that we could LOCK the coins into the Masternode placements.

It would create even more buy pressure, and prevent the sell pressure associated with the possibility of selling profits early.

Just my 2 cents,

MasterTrader777

[skidog]

Hey guys,

I have read over what 8BitParty has posted in regards to Masternode Price Vs. ROI Terms.

This is why I proposed this:

Code:

| H |   888 |  0.8880 |  0.4840 |   39 |   0.23088000 |  16.60425824|  0.00431711|  53d | -  26.00 % |

It's right in the middle of the road, in comparison to the subject matter we seem to be getting stuck on.

3K per MasterNode is kinda insane.

888 8bit per masternode, with a masternode payout of .4840 is 53 day ROI.

Not too soon, not too late.

It would be cool, if there was a way that we could LOCK the coins into the Masternode placements.

It would create even more buy pressure, and prevent the sell pressure associated with the possibility of selling profits early.

Just my 2 cents,

MasterTrader777

This is what i voted for. I think 8bit party was just talking about the future...Good to see you around Mastertrader777.

[8-bit-Party]

Yes, 3k for masternode is not a part of incoming fork, there was no proposal for it, we can't vote for it, it's just simulation for future.

How to efficiently lock masternode? For instance by creating kinda MN-PoS hybrid system, although hybrids are cool as long as they don't bring extra security problems that I see here. But I am open for suggestions.
I have been already talking about it, to soft-lock masternode we can increase required number of confirmation from 15 (~16 minutes) to higher value. If masternode operator will have to wait for few hours (or days) for it, (s)he will not cash it out two days later.
Other way would be increasing coin maturity time what would make masternode operator wait longer for profit and this way dumping profits would be naturally delayed. However, it would also affect PoS-minted coins.

[niki25]

Yes, 3k for masternode is not a part of incoming fork, there was no proposal for it, we can't vote for it, it's just simulation for future.

How to efficiently lock masternode? For instance by creating kinda MN-PoS hybrid system, although hybrids are cool as long as they don't bring extra security problems that I see here. But I am open for suggestions.
I have been already talking about it, to soft-lock masternode we can increase required number of confirmation from 15 (~16 minutes) to higher value. If masternode operator will have to wait for few hours (or days) for it, (s)he will not cash it out two days later.
Other way would be increasing coin maturity time what would make masternode operator wait longer for profit and this way dumping profits would be naturally delayed. However, it would also affect PoS-minted coins.

Staking is also essential for the network, as the blocks are generated by this. Maybe in the middle, increasing the maturity a bit but not getting up to some days.
Otherwise increasing the required confirmations may be a good path to follow.

[8-bit-Party]

Staking is also essential for the network, as the blocks are generated by this.

I agree, that's why I consider solution that affects staking addresses as drawback.

[blackyblack]

Building 8bit from source on Debian. Some notes:
1. 8bit depends on secp256k1: https://github.com/bitcoin/secp256k1.
2. 8bit requires older version of secp256k1: git checkout 729badff148a00aebedce663e4ebb5a039170d9b
3. sec256k1 requires autotools and libtool:
   apt-get install autoconf
   apt-get install libtool
4. miniupnp headers cannot be found. Set USE_UPNP:=- in makefile.unix
5. sha256 not found. Create directory for it:  mkdir obj/crypto
6. leveldb not compiled. Looks like execute priviledge on build_detect_platform is not set:
    cd leveldb
    chmod +x build_detect_platform
    ./build_detect_platform build_config.mk ./
    cd ..
    make -f makefile.unix

[8-bit-Party]

2. 8bit requires older version of secp256k1: git checkout 729badff148a00aebedce663e4ebb5a039170d9b

Note this is temporary step. I will update 8bit code to use latest version of secp256k1.

[soco]

Cryptsy.com now shows in my balances the 8bit I purchased and sent to myself some time ago. It did not "disappear." This is good.

I am hopeful for 8bit's future, and thankful for all who are participating in this community.

-soco

[8-bit-Party]

Brief summary of where we are to see what's next. We definetely need new thread with up-to-date ANN.

STEP 1
Increase community confidence

intro

• All deadlines we give will be met.
• Accept 8BIT donations only
• Offer 8BIT donations only
• Show, don't tell - as often as possible
• Gather all folks interested in supporting 8BIT, haters may stay, haters may move on
• Let community talk. Polls will decide
• In demoscene we trust

STEP 2
RESTORE MISSING INFRASTRUCTURE

level 1
level complete

• Buy a domain
• Rent and configure servers
• Set up anti-DDoS shield
• Launch first, basic version of Block Explorer

level 2
level complete

• create temporary website - backup of current coin state: links, downloads
• create new github repository with current codebase as initial commit
• create and publish blockchain boostrap - allow newcomers to run their masternodes faster

level 3
level complete

• Rich List - how rich are owners of TOP 100 (do we need more? tell me) addresses?
• Distribution - how total coin supply looks compared to top10, top20... top 100 addresses, funds frozen for masternodes, Bittrex exchange orderbook and top50 accounts?
• Masternode Profitability Calculator - how much masternode operators earn, is it profitable to fund one, what is ROI here?

level 5 4

• gaming faucet

STEP 3
SOCIAL MEDIA

level 1
progress: 50%

• Twitter
• Facebook

STEP 4
ADJUST COIN ECONOMY

level 1
level complete

• brainstorm and collecting options for incoming vote

level 2
no formal level announce

• voting

New level TBA today (UTC). No, not related to new thread on BCT.

[skidog]

Moving forward. Things are looking up...

[blooding_sorrow]

Guys I have big problem with my wallet (I both try version 2.0qt and 2.1qt)and it doesn't synchronize. I have no connection. Can someone send me working addnodes? Then I will try create 8bit.config file and paste working addnodes and start synchronize.

[8-bit-Party]

Try all of those

39.55.166.152:28348
58.160.130.189:18888
92.12.58.90:18888
94.23.213.47:10192
84.193.211.3:9999
101.165.90.37:18888
104.207.158.77:9998
123.243.223.20:18888
130.180.65.30:18888
146.0.32.101:18992
146.0.32.101:18992
146.0.32.101:18888
151.224.69.76:9999

[pinemool]

since its begin I hold a bit of 8bit also I bought more today let me know if I can help you development - Java, C++, PHP, Python

tbh I forgot about this coin and now I found that's alive with active community

I can also setup an independent / secondary block explorer, host seednodes if you wish

that's great 8bit spirit is alive and kicking

[8-bit-Party]

Thanks, any support is welcome. At first we will need testers. Are you able to build Windows QT binary?

[blooding_sorrow]

Try all of those

39.55.166.152:28348
58.160.130.189:18888
92.12.58.90:18888
94.23.213.47:10192
84.193.211.3:9999
101.165.90.37:18888
104.207.158.77:9998
123.243.223.20:18888
130.180.65.30:18888
146.0.32.101:18992
146.0.32.101:18992
146.0.32.101:18888
151.224.69.76:9999

I open the 8bit.conf and inside file paste:

addnode=39.55.166.152:28348
addnode=58.160.130.189:18888
addnode=92.12.58.90:18888
addnode=94.23.213.47:10192
addnode=84.193.211.3:9999
addnode=101.165.90.37:18888
addnode=104.207.158.77:9998
addnode=123.243.223.20:18888
addnode=130.180.65.30:18888
addnode=146.0.32.101:18992
addnode=146.0.32.101:18992
addnode=146.0.32.101:18888
addnode=151.224.69.76:9999

Is it correct for synchronize and stake? Should it work?

[8-bit-Party]

Yes, you can also download bootstrap what will speed up sync process
http://www.8-bit.party/#download

• download boostrap.dat-20150628_91334.7z
• uncompress it (7ZIP)
• rename uncompressed file to bootstrap.dat
• move bootstrap.dat to your data directory (where wallet.dat lives)