johnwhitestar
Sr. Member
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Activity: 697
Merit: 262
Slimcoin - the Proof of Donation inventors!
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January 26, 2018, 07:37:33 PM |
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For those members of our community who do not use slack, telegram, discord or mattermost I'd like to announce that I started "Terracoin helps the world" contest here: https://bitcointalk.org/index.php?topic=2818088. My project is open for everybody, I believe into fluid leadership, so any help is welcome. |
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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clockuniverse (OP)
Legendary
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Activity: 1231
Merit: 1001
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January 28, 2018, 12:38:19 AM |
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For those members of our community who do not use slack, telegram, discord or mattermost I'd like to announce that I started "Terracoin helps the world" contest here: https://bitcointalk.org/index.php?topic=2818088. My project is open for everybody, I believe into fluid leadership, so any help is welcome. Thanks John! Everyone should check this out! |
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HmmInteresting94
Newbie
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Activity: 5
Merit: 0
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January 30, 2018, 03:49:57 PM |
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Hi yall. New to master-nodes but am curious and interested in jumping in. Been looking into them a bit here and there for about a week and like the direction/ longevity/ community of this coin. I even started accumulating for my stake in a potential mn. I want to be certain I understand this, and I'm sure it's been answered plenty of places but I'll re-up it for other noobs. (And I did read the WP- so perhaps I missed this tree amongst the forest)
Can someone please confirm that I understand this correctly?: Block number determines overall payout and diminishes at set blocks, and depending on how many MN holders/ miners are active, that will determine the overall and individual payouts on daily/ weekly, etc basis.
I ask because the other day, the daily was above 3trc, and now it's below. That's because more mn are coming online, right?
Also- do miner incentives being equal to that of mn holders have something to do with securing growth, or what? Shouldn't those who stake get more rewards? Just curious as to the philosophy of that decision.
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clockuniverse (OP)
Legendary
Offline
Activity: 1231
Merit: 1001
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January 30, 2018, 08:32:42 PM |
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Hi yall. New to master-nodes but am curious and interested in jumping in. Been looking into them a bit here and there for about a week and like the direction/ longevity/ community of this coin. I even started accumulating for my stake in a potential mn. I want to be certain I understand this, and I'm sure it's been answered plenty of places but I'll re-up it for other noobs. (And I did read the WP- so perhaps I missed this tree amongst the forest)
Can someone please confirm that I understand this correctly?: Block number determines overall payout and diminishes at set blocks, and depending on how many MN holders/ miners are active, that will determine the overall and individual payouts on daily/ weekly, etc basis.
I ask because the other day, the daily was above 3trc, and now it's below. That's because more mn are coming online, right?
Also- do miner incentives being equal to that of mn holders have something to do with securing growth, or what? Shouldn't those who stake get more rewards? Just curious as to the philosophy of that decision.
Each block currently pays out 10 TRC. 4.5 to miners, 4.5 to masternodes, and 1 to decentralized governance (sort of). It does half every 4 years or so. Miners don't effect the masternode rewards, so just the number of masternode. As more masternodes come online then the rewards diminish. The good thing about having more masternodes is it protects the network against DDOS attacks and helps process instantsend and privatesend transactions. More masternodes also "lock up" coins so they are out of circulation. The lest in circulation the more TRC is worth. You can check this stats page for more info: https://masternode.terracoin.io/stats.phpThe reason we decided to split it straight between both masternodes and miners is for a fair split. We also need to attract miners to keep the network secure from 51% attacks etc. As more miners appear they also get less rewards because the difficulty goes up. Sorry, at work, so this was a quick reply! |
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HmmInteresting94
Newbie
Offline
Activity: 5
Merit: 0
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January 30, 2018, 11:10:14 PM |
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Hi yall. New to master-nodes but am curious and interested in jumping in. Been looking into them a bit here and there for about a week and like the direction/ longevity/ community of this coin. I even started accumulating for my stake in a potential mn. I want to be certain I understand this, and I'm sure it's been answered plenty of places but I'll re-up it for other noobs. (And I did read the WP- so perhaps I missed this tree amongst the forest)
Can someone please confirm that I understand this correctly?: Block number determines overall payout and diminishes at set blocks, and depending on how many MN holders/ miners are active, that will determine the overall and individual payouts on daily/ weekly, etc basis.
I ask because the other day, the daily was above 3trc, and now it's below. That's because more mn are coming online, right?
Also- do miner incentives being equal to that of mn holders have something to do with securing growth, or what? Shouldn't those who stake get more rewards? Just curious as to the philosophy of that decision.
Each block currently pays out 10 TRC. 4.5 to miners, 4.5 to masternodes, and 1 to decentralized governance (sort of). It does half every 4 years or so. Miners don't effect the masternode rewards, so just the number of masternode. As more masternodes come online then the rewards diminish. The good thing about having more masternodes is it protects the network against DDOS attacks and helps process instantsend and privatesend transactions. More masternodes also "lock up" coins so they are out of circulation. The lest in circulation the more TRC is worth. You can check this stats page for more info: https://masternode.terracoin.io/stats.phpThe reason we decided to split it straight between both masternodes and miners is for a fair split. We also need to attract miners to keep the network secure from 51% attacks etc. As more miners appear they also get less rewards because the difficulty goes up. Sorry, at work, so this was a quick reply! Gotcha. Thanks! |
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ibinsad
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February 01, 2018, 01:57:20 AM |
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Nice coin, but MN roi I think is low.
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AdamW_^_^
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February 01, 2018, 09:31:48 AM |
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Nice coin, but MN roi I think is low.
Sry but not everything is good on high masternode roi. This shitcoins with 1000% will not be for long term. Compare to bitcoin, would bitcoin be worth if it would be easy to get them? Shitcoins with 1000 % will be sold off big and never remain |
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clockuniverse (OP)
Legendary
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Activity: 1231
Merit: 1001
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February 02, 2018, 12:48:29 AM |
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Nice coin, but MN roi I think is low.
Sry but not everything is good on high masternode roi. This shitcoins with 1000% will not be for long term. Compare to bitcoin, would bitcoin be worth if it would be easy to get them? Shitcoins with 1000 % will be sold off big and never remain Just to clarify, I believe what AdamW is saying is to be wary of high ROI masternode coins because they may not be around long term, and that with such a high return they will be dumping their coins on the market making them less and less valuable. I agree that it is always prudent to look at the length of time the dev team has been around and see what their infrastructure is on their coin besides just wallet updates. It takes a lot of diverse projects to really keep a coin expanding. Thanks for the input both of you, and welcome to the community! Now I am off to write the weekly update! |
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clockuniverse (OP)
Legendary
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Activity: 1231
Merit: 1001
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February 02, 2018, 03:11:43 AM |
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HmmInteresting94
Newbie
Offline
Activity: 5
Merit: 0
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February 02, 2018, 05:26:22 PM |
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Awesome stuff. I just doubled my TRC in pursuit of my first MN! I have some interesting ideas for broader adoption (marketer by trade), which I am excited about developing further for comment and critique when I'm up and running. I can tell this coin isn't going anywhere thanks to its foundational philosophy and strong community. Looking forward to becoming an "official" community member in the near future. |
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HmmInteresting94
Newbie
Offline
Activity: 5
Merit: 0
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February 02, 2018, 05:44:21 PM |
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Awesome stuff. I just doubled my TRC in pursuit of my first MN! I have some interesting ideas for broader adoption (marketer by trade), which I am excited about developing further for comment and critique when I'm up and running. I can tell this coin isn't going anywhere thanks to its foundational philosophy and strong community. Looking forward to becoming an "official" community member in the near future. Also- I hope I'm not out of line with my exuberance.. Total noob move, sorry! I realize there are many dedicated members that have already put in a ton of sweat to get TRC to where it is today, and who are working on awesome "broader adoption" projects currently. Any guidance as to who best to connect with regarding marketing, would be appreciated. Not trying to step on any toes. |
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clockuniverse (OP)
Legendary
Offline
Activity: 1231
Merit: 1001
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February 03, 2018, 02:20:00 AM |
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Awesome stuff. I just doubled my TRC in pursuit of my first MN! I have some interesting ideas for broader adoption (marketer by trade), which I am excited about developing further for comment and critique when I'm up and running. I can tell this coin isn't going anywhere thanks to its foundational philosophy and strong community. Looking forward to becoming an "official" community member in the near future. Also- I hope I'm not out of line with my exuberance.. Total noob move, sorry! I realize there are many dedicated members that have already put in a ton of sweat to get TRC to where it is today, and who are working on awesome "broader adoption" projects currently. Any guidance as to who best to connect with regarding marketing, would be appreciated. Not trying to step on any toes. We were all noobs at one point so you aren't doing anything wrong! I am interested in hearing your ideas about marketing etc. I think I saw that you signed up on our Mattermost server ( https://mattermost.terracoin.io/signup_user_complete/?id=ohowtejzq3br7kp66qe466b8my) so feel free to ask any questions or start discussions there, and don't worry about stepping on someones toes. We learn from the diversity of ideas from the community so new or different ideas often help the process. Feel free to post on mattermost any questions or ideas that you have. We have a bunch of different channels on there, and we can always create more if need be. Thanks and I think you are already an official community member! |
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HmmInteresting94
Newbie
Offline
Activity: 5
Merit: 0
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February 05, 2018, 06:00:11 PM |
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Awesome stuff. I just doubled my TRC in pursuit of my first MN! I have some interesting ideas for broader adoption (marketer by trade), which I am excited about developing further for comment and critique when I'm up and running. I can tell this coin isn't going anywhere thanks to its foundational philosophy and strong community. Looking forward to becoming an "official" community member in the near future. Also- I hope I'm not out of line with my exuberance.. Total noob move, sorry! I realize there are many dedicated members that have already put in a ton of sweat to get TRC to where it is today, and who are working on awesome "broader adoption" projects currently. Any guidance as to who best to connect with regarding marketing, would be appreciated. Not trying to step on any toes. We were all noobs at one point so you aren't doing anything wrong! I am interested in hearing your ideas about marketing etc. I think I saw that you signed up on our Mattermost server ( https://mattermost.terracoin.io/signup_user_complete/?id=ohowtejzq3br7kp66qe466b8my) so feel free to ask any questions or start discussions there, and don't worry about stepping on someones toes. We learn from the diversity of ideas from the community so new or different ideas often help the process. Feel free to post on mattermost any questions or ideas that you have. We have a bunch of different channels on there, and we can always create more if need be. Thanks and I think you are already an official community member! Thank you for that. I looking forward to getting up to speed and getting involved. |
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clockuniverse (OP)
Legendary
Offline
Activity: 1231
Merit: 1001
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February 09, 2018, 02:55:57 AM |
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nancydong
Newbie
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Activity: 4
Merit: 0
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February 09, 2018, 02:58:08 AM |
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keep hard work dev , we all around you. |
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Shalafi
Jr. Member
Offline
Activity: 64
Merit: 2
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February 11, 2018, 11:16:59 AM |
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Love the weeklys! This year will be huge for TRC, this is the most undervalued currency I know atm!  |
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clockuniverse (OP)
Legendary
Offline
Activity: 1231
Merit: 1001
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February 12, 2018, 01:28:18 AM |
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keep hard work dev , we all around you.
Love the weeklys! This year will be huge for TRC, this is the most undervalued currency I know atm! Thanks! And I totally agree! |
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mmo4me.2016
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February 13, 2018, 05:54:07 AM |
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Dear all friend I run masternode in window VPS, Masternode Tab in my wallet show: ENABLED But when i check in my friend wallet! This show WATCHDOG_EXPIRED and https://masternodes.online show WATCHDOG_EXPIRED How to i can fix it! Thanks |
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btc2y
Newbie
Offline
Activity: 29
Merit: 0
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February 13, 2018, 08:49:09 AM |
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Hello,
I like to run a masternode on my desktop. I do not want to have a vps at this point and like to keep it all on my PC. The question is:
Do I need to do anything after creating the mn private key or just keep the client running?
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hanzac
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February 13, 2018, 11:44:22 AM |
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Hello,
I like to run a masternode on my desktop. I do not want to have a vps at this point and like to keep it all on my PC. The question is:
Do I need to do anything after creating the mn private key or just keep the client running?
Dear all friend I run masternode in window VPS, Masternode Tab in my wallet show: ENABLED But when i check in my friend wallet! This show WATCHDOG_EXPIRED and https://masternodes.online show WATCHDOG_EXPIRED How to i can fix it! Thanks You'd need to run sentinel to prevent from being expired. https://github.com/terracoin/sentinelYou can also follow this guide and script: https://github.com/u3mur4/terracoin |
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