[ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN

[cevirmen]

I think why yes and why no should be argued in short and clear statements so everyone can vote accordingly.

IMHO, for now I think yes,

because at the moment daily buy support is  not enough for miners daily dumping.

So I think it's not about coin number, it's about daily required buy support to keep the price stable.

and there's 2 ways of keeping the price stable;

1-) Lowering the number of darknets mined each day
2-) Promoting darknet more effectively to increase buy support

First way is more doable for now, and first way can be done in two ways;

1-) Lowering the number of darknets that will be mined at the end of pow phase
2-) Keeping the number same but extending the time of pow phase

Summary: daily produced darknets should be lowered to average daily buy support.

[1713299075]

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[1713299075]

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[4x13]

But it isn't a real budget proposal. We are just using budget voting system to make more general decision. Why can't you implement it earlier? I agree that we should wait more after wallet release before changes kick in but waiting for superblock isn't necessary.

Because it requires a hard fork. We don't want a repeat of last time where exchanges weren't ready and people didn't understand what precaution was necessary and coins were lost

Sure. That's why i agree with two weeks of transition period after hard fork. But i don't understand why is necessary to wait for superblock before the fork.

Because that is how the proposal system works. nothing can be done about it. It also allows others who are not here to still have time to vote. As well as gives people an opportunity to change their votes...

[SwedishGirl]

But it isn't a real budget proposal. We are just using budget voting system to make more general decision. Why can't you implement it earlier? I agree that we should wait more after wallet release before changes kick in but waiting for superblock isn't necessary.

Because it requires a hard fork. We don't want a repeat of last time where exchanges weren't ready and people didn't understand what precaution was necessary and coins were lost

Sure. That's why i agree with two weeks of transition period after hard fork. But i don't understand why is necessary to wait for superblock before the fork.

Because that is how the proposal system works. nothing can be done about it. It also allows others who are not here to still have time to vote. As well as gives people an opportunity to change their votes...

Also allows people to create masternodes just for the sake of manipulating the vote...

[.cryptic.]

How do I vote if I dont run a master node?
I bought some coins from bittrex. How do you accomodate my opinions as an investor?

[4x13]

How do I vote if I dont run a master node?
I bought some coins from bittrex. How do you accomodate my opinions as an investor?

Masternodes are the only ones who can vote.

[4x13]

But it isn't a real budget proposal. We are just using budget voting system to make more general decision. Why can't you implement it earlier? I agree that we should wait more after wallet release before changes kick in but waiting for superblock isn't necessary.

Because it requires a hard fork. We don't want a repeat of last time where exchanges weren't ready and people didn't understand what precaution was necessary and coins were lost

Sure. That's why i agree with two weeks of transition period after hard fork. But i don't understand why is necessary to wait for superblock before the fork.

Because that is how the proposal system works. nothing can be done about it. It also allows others who are not here to still have time to vote. As well as gives people an opportunity to change their votes...

Also allows people to create masternodes just for the sake of manipulating the vote...

Thats not really manipulating the vote, as that is what people are supposed to be able to do. if you have the necessary amount of coins.

[.cryptic.]

How do I vote if I dont run a master node?
I bought some coins from bittrex. How do you accomodate my opinions as an investor?

Masternodes are the only ones who can vote.

Thats a shame, you should give the investors a chance too

[waffles99]

Thats a shame, you should give the investors a chance too

Investors are granted voting rights with an investment of 10,000 DNET held as collateral in service nodes that earn a portion of the block reward, as incentive for processing auxiliary services such as instantX or Darksend transactions, as well as any future services integrated into the client software that can make use of the infrastructure.

at this time 10k dnet at the market price of 450sat would be .045btc, or ~21.10 usd

[.cryptic.]

Thats a shame, you should give the investors a chance too

Investors are granted voting rights with an investment of 10,000 DNET held as collateral in service nodes that earn a portion of the block reward, as incentive for processing auxiliary services such as instantX or Darksend transactions, as well as any future services integrated into the client software that can make use of the infrastructure.

at this time 10k dnet at the market price of 450sat would be .045btc, or ~21.10 usd

Its not about the price. As an investor I dont want to go through the technical hassle of setting up a master node.
If it was just the click of a button, then I should have, but reading from this thread, I believe its more than that.

[notsofast]

I think why yes and why no should be argued in short and clear statements so everyone can vote accordingly.

IMHO, for now I think yes,

because at the moment daily buy support is  not enough for miners daily dumping.

So I think it's not about coin number, it's about daily required buy support to keep the price stable.

and there's 2 ways of keeping the price stable;

1-) Lowering the number of darknets mined each day
2-) Promoting darknet more effectively to increase buy support

First way is more doable for now, and first way can be done in two ways;

1-) Lowering the number of darknets that will be mined at the end of pow phase
2-) Keeping the number same but extending the time of pow phase

Summary: daily produced darknets should be lowered to average daily buy support.

Sorry, but a vote to hardfork the coin to lower supply, with the end goal of matching "daily buy support", seems incredibly inefficient and shortsighted to me. If that's what masternode holders vote for, then I guess that's what they'll get, which is fine.

But think about what you're working toward for a second. The differential that creates the decreasing price of daily buy support is currently from speculators only. There's no major use-case drivers beyond the masternode system decreasing available supply, and PoW mining increasing it. PoW mining supply has outstripped current demand for masternode-creation buying.

Speculators by definition do (or should) not give a shit. They see a potential increase in future value and set buys accordingly. If there is a better deal than DNET, they will pull their bids and the buy support goes away. They are seeking profits irrespective of where those profits will be found.

So given that, why would you cater to the speculators' fickle buy support, which could increase or decrease at any time for reasons completely urelated to DNET, by making fundamental changes to the supply? You want a short-term price bump? You don't like seeing the value of your DNET decrease vs. BTC in the short term? This was the whole point of a full year of PoW: to allow a long period of time for good masternode distribution amongst many discrete individuals. Holders of many MNs early on aren't interested in getting that one extra MN at marginal cost, but new DNET users are interested. Price action SHOULD be a slow, boring decline until we get closer to the transition from PoW to PoS, during which long-term speculators will accumulate at ever cheaper prices alongside the slowing number of new MN entrants.

To be clear, YOU SHOULD NOT WANT A STABLE PRICE until PoS kicks in. From the day of the DNET ANN's posting, this long PoW phase has been priced exactly as it should, given the coin's criteria. This is the predetermined accumulation phase. You should be accumulating, by mining or buying ever more cheaply. Protectionist voting to decrease the PoW emission, in order to preserve the vs.-BTC value of your DNET investment, was an unsound investment decision.

[.cryptic.]

>> Sorry, but a vote to hardfork the coin to lower supply, with the end goal of matching "daily buy support", seems incredibly inefficient and shortsighted to me.
Thats how I feel about the whole thing and its a shame I cant vote.

[4x13]

I have heard many people suggest we start some advertising, so I will be submitting a proposal shortly to do some test advertising over the next month. I have found a company that does crypto advertising her on bitcointalk, as well as some other popular crypto sites. If anyone has any other suggestions for advertising networks, please PM me.



Proposal for Advertising Costs for Darknet for the month of May 2016;

hash=89f9646972c1b8cb321aebd72c038287ad0ca97ad4ae32f18ca565f6ce879d5a

"mnbudget vote 89f9646972c1b8cb321aebd72c038287ad0ca97ad4ae32f18ca565f6ce879d5a yes" to vote in favor

"mnbudget vote 89f9646972c1b8cb321aebd72c038287ad0ca97ad4ae32f18ca565f6ce879d5a no" to vote against

"mnbudget getinfo advertising” to check the status

[jakiman]

I have heard many people suggest we start some advertising, so I will be submitting a proposal shortly to do some test advertising over the next month. I have found a company that does crypto advertising her on bitcointalk, as well as some other popular crypto sites. If anyone has any other suggestions for advertising networks, please PM me.

I know that DNET isn't worth a lot "right now" but requiring 400K (1.37% of current coin supply) for only 1 month of advertising seems like heck of a lot to me.
I guess the low price of DNET here is to blame. If you can be transparent about the advertising costs at least, that would help a lot with the voting I think.

[waffles99]

I noticed proposals 'advertising' and 'DecreasePOWSupply' both have identical Blockstart value, even though DecreasePOWSupply is not a budget funding it still declares a 100 DNET payment if Established. if advertising proposal is voted in, will it receive funding as soon as the 100 DecreasePOWSupply 'payment' is sent or will there be an issue from possible timing conflict?

[4x13]

I have heard many people suggest we start some advertising, so I will be submitting a proposal shortly to do some test advertising over the next month. I have found a company that does crypto advertising her on bitcointalk, as well as some other popular crypto sites. If anyone has any other suggestions for advertising networks, please PM me.

I know that DNET isn't worth a lot "right now" but requiring 400K (1.37% of current coin supply) for only 1 month of advertising seems like heck of a lot to me.
I guess the low price of DNET here is to blame. If you can be transparent about the advertising costs at least, that would help a lot with the voting I think.

It is all based on the available budget at the time the superblock is issued. if there is adequate budget available, they will all be paid. there are no partial payments.

[.cryptic.]

I have heard many people suggest we start some advertising, so I will be submitting a proposal shortly to do some test advertising over the next month. I have found a company that does crypto advertising her on bitcointalk, as well as some other popular crypto sites. If anyone has any other suggestions for advertising networks, please PM me.



Proposal for Advertising Costs for Darknet for the month of May 2016;

hash=89f9646972c1b8cb321aebd72c038287ad0ca97ad4ae32f18ca565f6ce879d5a

"mnbudget vote 89f9646972c1b8cb321aebd72c038287ad0ca97ad4ae32f18ca565f6ce879d5a yes" to vote in favor

"mnbudget vote 89f9646972c1b8cb321aebd72c038287ad0ca97ad4ae32f18ca565f6ce879d5a no" to vote against

"mnbudget getinfo advertising” to check the status

Why dont we do a signature campaign?
I have seen it working well for other ICO coins like LISK and WAVES.

[4x13]

I have heard many people suggest we start some advertising, so I will be submitting a proposal shortly to do some test advertising over the next month. I have found a company that does crypto advertising her on bitcointalk, as well as some other popular crypto sites. If anyone has any other suggestions for advertising networks, please PM me.

I know that DNET isn't worth a lot "right now" but requiring 400K (1.37% of current coin supply) for only 1 month of advertising seems like heck of a lot to me.
I guess the low price of DNET here is to blame. If you can be transparent about the advertising costs at least, that would help a lot with the voting I think.

It seams nothing we post is adequate, Why don't you help us out. Create your own proposal for the advertising, then you can handle the advertising aspects for Darknet. As more funds are required, you can submit another proposal with your results from the first funding for the advertising.

FYI; 1.6 btc worth of Advertising is probably not enough for one month let alone a week. But I nominate 'jakiman' to handle the advertising and PR for Darknet. Head on over to Dash and look at what they spend monthly for advertising. I just did, and the spend significantly more than 1.6 btc every month.

Welcome aboard Jakiman!!

[jakiman]

It seams nothing we post is adequate, Why don't you help us out. Create your own proposal for the advertising, then you can handle the advertising aspects for Darknet. As more funds are required, you can submit another proposal with your results from the first funding for the advertising.

FYI; 1.6 btc worth of Advertising is probably not enough for one month let alone a week. But I nominate 'jakiman' to handle the advertising and PR for Darknet. Head on over to Dash and look at what they spend monthly for advertising. I just did, and the spend significantly more than 1.6 btc every month.

Welcome aboard Jakiman!!

I know what you are trying to say but it's not possible to compare DASH to DNET right now.
It's like saying Walmart spends much more in advertising than your local supermarket.

I agree that 1.6 BTC isn't a lot. (if you dump that 400k instantly right now that is)
But 400K DNET sounds a lot that's all. (In relation to the total coin supply)
Anyways, I'm just saying it's just unfortunate that DNET has such a low market cap right now.
I can help out with MN votes for your advertising. It's the least I can do.

BTW, not sure if you noticed but I've already done more PR than anyone on the net for DNET on Twitter. So I'm certainly doing my part to help.

[danonthehill]

I would say that spending BTC on advertizing is a waste.  Everyone in this space already knows about DNET.  Focus on the development i.e. anon tech and this will be reflected in price and growth of userbase.  If to strengthen DNET in otherways then branding could be worked on, maybe hire CRZ (I think that's the guy who did SDC branding) or expand documentation, roadmap, website, whitepaper etc.

[4x13]

I would say that spending BTC on advertizing is a waste.  Everyone in this space already knows about DNET.  Focus on the development i.e. anon tech and this will be reflected in price and growth of userbase.  If to strengthen DNET in otherways then branding could be worked on, maybe hire CRZ (I think that's the guy who did SDC branding) or expand documentation, roadmap, website, whitepaper etc.

Are you offering to help out?? We could definitely use some help in that PR/Branding area