I understand why people are against adopting some of DASH’s code, but it all comes back to this.
I cannot attract people to the Terracoin Foundation with out token payments.
I cannot do this alone, and the donation model is not working.
We have to attract enough people to invest in and buy 432,000 TRC a month, regardless if we use the masternodes idea or not, just to keep the price steady.
To increase the price we need to improve the code of the wallet, the website, the marketing, etc.
This cannot be done without attracting valuable team member to The Terracoin Foundation.
The best way to do this is to adopt the DASH decentralized governance model. We can vote to pay for the core team, and you can suggest your own ideas to get implemented without me shooting them down because I don’t have time.
Does this mean that Terracoin is just a clone of DASH?
Sure, as much as it is a clone of BTC.
But without a steady team of people working to improve Terracoin, we can’t move away from being a clone of both coins.
We need to innovate and come up with our own ideas, but we cannot do that without a team of dedicated people working towards a new future for TRC.
This is the first step to attract people to accomplish this.
We can move on to new ideas from here!
Can't say I'm happy to see TRC follow in the footsteps of a glut of other altcoins in trying to copy the DASH bubble in the search for a wider userbase. DASHS, Scryptdash, CRW & others all copying DASH & now TRC? - care needs to be taken before following the crowd. It's pretty common knowledge that DASH has a hidden premine, meaning it's open to false P&D by the premine holders which might be exactly what is happening now. DASH is a bubble - why follow/copy/immitate it based purely on a sudden price hike?
If TRC is to grow it needs to come up with it's own original idea & keep it's own identity IMHO.
I didn’t know any other coin was following in DASH’s footsteps, but it makes sense.
I also didn’t know anything about DASH pricing when we started talking about this.
TRC cannot implement anything new without a dedicated core team, and I think this is the best way to get people to help out.
Donations and project pay isn’t working.
Once this is implemented we can find our own way to new and better ways to make TRC great!
+1
I think Terracoin should became most famous communityovertaken coin and the best way to promote it is to establish some community-driven funds. Like charity initiatives, science funding, promotion bounty campaigns, ect. We might also consider to help some fake or failed ICO victims.
I think making TRC a coin that donates to charities is a great idea! You should put in a proposal when we move to the DASH decentralized concept.
No one will donate to anything otherwise.
The reason other altcoins are copying the decentralized governance system that DASH implemented is because it is a logical and necessary step in the evolution of a decentralized cryptocurrency. Because if you want to grow the ecosystem you have to incentivize people to participate. I think DASH has recognized that and it is the main reason they are exploding.
By the way, we started talking about this before the doubling in the DASH price. Not saying it is not in a bubble right now, but I think the price was bound for a correction upwards.
Yep!
You need to research what you are talking about before putting pen to paper. CRW is not a copy of DASH, in fact, the masternode portion of CRW is to be utilized for an application layer, they are removing darksend in order to apply that layer. So no, not all alts are copying DASH "right out of the box". They are incorporating open source aspects of DASH into an already existing product in order to expand on it. After all, you have the same complaint for dash or litecoin copying bitcoin's codebase? That is where almost all sha256d alts come from is that project (yes, I know that dash is not sha256d but is in fact x11 .. so what, they still used code from bitcoin core).
This is kind of what I am talking about. CRW is using the masternode concept to do something else. With the masternode concept working we can decide on and make other things happen. As long as we can get a good team together, which requires the masternodes.
Also, damn, CRW is really similar to TRC. I wish we had joined forces instead of having two different coins! Since that has happened; let’s be friends!
My research is my personal experience. I mined CRW from it's very beginning, but I stopped mining it when the reward went to only 40% due to the masternodes wanting payments. Masternodes make mining a coin pointless even if it is merge mined due to the low reward.
I'm a miner, so I support mined coins - I'm not interested in anything else.
I am not sure I understand this. Why wouldn’t you merge mine a coin even if it has little value? If creating masternodes doubles, or triples the price of a coin then it seems like you would always want to mine it all the more.
Am I missing something?
Thank you very much for your research, I think we know what should be done to create an TRC/EUR or TRC/USD gateway. Of course we are interested to cooperate with everybody who is interested to cooperate. And we don't believe into a voluntary cooperation so every effort we'll be paid.
The idea to ask TRC Foundation to be an escrow was born because we wanted to find the way to help the TRC community and to sponsor TRC Foundation.
In fact we are ready to finance the masternode system creation, but we think that the investment should bring some profit, so we invite everybody to think about what can be offered to those who finance the development of the TRC.
Maybe we can think about some discounted masternode reserved to those who has invested into their creation.
Having said that, I personally believe that we have to choose from one of three possible options:
1) Or we just copy the BTC development without changing anything. So one day the TRC will cost a 0,5 BTC, whatever BTC will cost.
2) Or we try to jump from one successful altcoin to another. So maybe we'll do better than BTC, or not.
3) Or we try to be ahead of the others.
I think that copying others ideas without at least trying to improve them well head as nowhere. We need to become leaders if not one day TRC may disappear. That's why I was thinking about a better governance than the DASH's, for instance.
So I'd like to understand better, if anybody can explain it to me. If we do not use the anonymization features of DASH what will the masternodes take their money for?
Another thing that is not clear to me what does it mean that the masternode will cost 10.000 TRC and it's set up will cost 100.000 TRC?
Yeah, so that is why the donation model isn’t working. If people think they should get an ROI donating to an open source volunteer coin then it will never get donations.
1. TRC is never going to be worth .5 BTC without a team of people working for it, and we cannot attract a team without paying them. TRC is stagnating no matter what I do because I don’t have the time to work on it all the time. So we have to get a team and the only way to do that is the masternodes/decentralized proposals.
2. If we get a dedicated team and decentralized management we won’t have to copy and paste our future. We can make our own!
3. See 2.
The masternodes will enable instant send, and only masternodes can vote for the proposals.
Sorry, I wondered if I was using the wrong word in that sentence.
What I was talking about it that in the first month if you have 10,000 TRC and you set up a masternode and nine other people do it then only a 100,000 is pulled out of all of the exchanges.
The idea behind starting at 10,000 TRC is to keep some whale from setting up a 100 virtual servers and ruining the voting.
And if only 100,000 in the first month is pulled out of the exchanges then the price won’t go up an insane amount.
It is better to have a steady climb with lesser bumps.
Does that make sense? I am open to new ideas.
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