☑☑☑[ANN][BSD] BitSend - online since 2014 [ Core 0.21x]

[Fatoshi]

Ok, I will explain masternodes for pump&dump people...
MN is a full node which operate with blockchain from genesis block. Also it have some incentives for user to run it, by sharing block reward. In bitsend it's 80%.
Also it make more work than general full node - mix coins for private txs and maintain instant txs. How it works? When your client make special request to network, there is some random MNs are selected to do requested operation.
Now imagine then was selected nodes with same IP - which one of them will answer and complete work? And get paid for it in final?
How it even possible to setup 100+ node on 1 IP - it must be a "lazy" or fake nodes, which actually can't do their work, but still get reward.
Also, not fair saving for owner - it's should be 1 EUR per IP, not 1 EUR per 100 nodes.
Even if it actually not fake and just network configuration with round-robin balancing it's still big fail for network decentralization - 70% of network on several IPs. Of course it's no matter when network have <1 tx/block.

And for governance system you calling "dev fee"...
Dash allow to anyone make proposal with funding address and if MNs owners vote yes, it will funded at end of month. No proposals or all down voted - no coins created. No fee exist.
Fee is actually when you own 70% of MNs and get 80% of block reward.

But anyway I think it all no matter when people can make profit on pump&dump. They don't care about technology when calling bitsend superior to dash or pivx.
Outdated code, no progress (compare amount of fixes on competitors github), one dev for 3 coins, etc... No matter, just todays profit in their eyes.

metamorphin, sorry, I'm not going to run bitsend node anymore, but you or someone else can use original script and modify it for bitsend.

Yeah this is just the node the developer runs the airdrop out of. FUD to pick up cheap coins PIVX and DASH must feel threatened by Bitsend, nice. Ironically it shows he is acting legally by only using his one real ip. If he was running multiple ips then he would be breaking the law.

[gadado]

Now imagine then was selected nodes with same IP - which one of them will answer and complete work? And get paid for it in final?
How it even possible to setup 100+ node on 1 IP - it must be a "lazy" or fake nodes, which actually can't do their work, but still get reward.

In BSD this is possible. I did setup some on the same IP in the past too. One of them or an empty wallet acts as the Gate.
Don't really know how exactly this works technical but it worked and the payment gets to each MN individual.
Of course your server needs to have enough power to host and run all those MN.

If this makes sense or not is questionable.
However you have to understand though that the MN colaterals was 5000 BSD once at a time where BSD was around 500 satoshi and the BTC dollar price was very low too.
So it was not thinkable to host just 1 MN outside with a fix IP because it cost you more than you ever earned. It was even not worth the price you pay for the current.

With the current price rise and the collateral change to 25k BSD it looks much different today.

[kb4scv]

I am as suspicious as anyone about the motives behind coins, but this Dev has been transparent about what he is doing for as long as I have followed this coin.  I have no problem with what he is doing to distribute the coin. The bigger the base, the better.  How it gets handled down the road remains to be seen.

[cryptonit]

after all this years i full trust limx dev
im daily in contact with him in chat

we have a very healthy amount of diff node masternodes
and we have a few high involved supportive BSD owners who run multiple MN on a single IP

both support the coin

more nodes and more MN that fund activities

the most important part is everyone play by the same rules

u too can run multiple MN on a single IP its part of the way BitSend is designed

what we seek i have many different nodes by reach different people

but there is no reason for the same person run multiple VPS and waste money on that

they are official allowed to run multiple MN on same IP

we want create a barrier for them to run as many MN as they want

[Fatoshi]

Looking at the guys past posting they are obviously a committed proponent of Dash. Which is annoying and a little ironic that the thing he try's to discredit Bitsend for it trying to distribute far wider and evenly than some coins I could mention *cough* Dash *cough*. Annoying cause short term it seems to of rattled the price. Maybe it's a good sign some Interest and FUD is coming but still.

[kb4scv]

I am as big of a fan of DASH as you will ever find.  Said from day one it might give BTC and run for it's money.  Still like what BSD is doing.  It is a chance for people to get into the same system that has already proven successful at a decent price.  Even I can admit that DASH is most likely controlled a great deal by the people that got the first couple of million coins.  I remember the fiasco very well as I missed out on it! 

[Fatoshi]

If he was a decent human being he would give as much effort to rectify and admit he was mistaken than to posting his incorrect assumptions. Guess that's not going to happen though. Have nothing against Dash but it's bad etiquette going onto others thread and posting FUD and walking away, I wouldn't condone doing it to Dash org for example.

[kb4scv]

Actually, I think a post like that just reinforces the reputation here for anyone that has been following for any time.

[Limx Dev]

But anyway I think it all no matter when people can make profit on pump&dump. They don't care about technology when calling bitsend superior to dash or pivx.
Outdated code, no progress (compare amount of fixes on competitors github), one dev for 3 coins, etc... No matter, just todays profit in their eyes.

Hello Balych,

I have already worked on BSD, ERC, B3, Mojo2, XDE2, Fly, Dope, Mec and Byteball. It is for me important to see other sources. For new ideas etc... .

Kind Regards Christian

[LemonAndFriesOne]

DASH kiddies are fudding BSD and PIVX, they feel threatened.

It's not even good FUD 

[kb4scv]

That is very funny.  DASH is a $100 coin.  Should not feel threatened by anyone.  There is plenty of room for other coins.  The world economy is VERY large.

[CryptoJohn]

keep fudding, I need more BSD

[megafuture]

It Looks Good...the community is solid and I am feeling Great.
Where you see this coin in coming 6 Months time.
Dash is not Great compared to Bitsend I think.

 

[tangcrypt]

The india community of BitSend is very aggressive  to promote the real usefulness of the coin as compared to Dash, and keen to  invest in this project more for mid term to long term holding, and soon the impact on the price front may be seen when the price will go beyond reach like dash. It is highly undervalued  coin since long, will out break to new level soon.

[goodminer]

Can someone tell me how much khs gives an rx 470, or r7 370?

[Fatoshi]

The india community of BitSend is very aggressive  to promote the real usefulness of the coin as compared to Dash, and keen to  invest in this project more for mid term to long term holding, and soon the impact on the price front may be seen when the price will go beyond reach like dash. It is highly undervalued  coin since long, will out break to new level soon.

The Indian community?

Wait, sorry wtf you say?

I'm very positive about this coin but let's not go making shit up.


Unless....

[Parn]

Can someone tell me how much khs gives an rx 470, or r7 370?

Let me test the GPU miner and ill give you an answer later , i have 2 RX460 in Crossfire.

[housebtc]

The india community of BitSend is very aggressive  to promote the real usefulness of the coin as compared to Dash, and keen to  invest in this project more for mid term to long term holding, and soon the impact on the price front may be seen when the price will go beyond reach like dash. It is highly undervalued  coin since long, will out break to new level soon.

The Indian community?

Wait, sorry wtf you say?

I'm very positive about this coin but let's not go making shit up.

Unless....

if or when Indians adopt BSD, it will have a great community and a huge market demand for it and the price may even surpass Dash soon. The sky is not even the limit for this coin

[Balych]

It's not a fud, just opinion of random man which personal views of cryptocoins far away from pump&dump.

Of course it's your coin and you can make it works as you wish - turning masternode network technology to just another PoS-coin generator.
Just do not say it's can be better than dash or pivx or any other coin, which use MNs right.
And there is no private or instant txs in bitsend blocks, because no one need it, so yes, MNs can be lazy.
And if someone will try to use it - no guarantee it will work, because last code update with dash was 2 years ago.
Even dash still have problems with mixing, so what say of forks, which don't update...

Some people like to remember dash instamine (what a pity, I wasn't participated too) that was 3 years ago, but what about bitsend distribution? Almost same time and at least 20% still in one hands?
You praise airdrop with up to 200 bsd? Topic title said "airdrop 350+ members" - isn't was better to share full MNs (when they was 5k only and cheap in btc too) to this members? This could be 350 masternodes with world wide distribution!
MNs income does not cover hosting cost? But why it must? Why MN owners must sell their income, they have no faith to coin? Or they don't have 5 bucks monthly?
And if you cannot afford 100 IPs for 1 EUR each, 100 people can.

Only 2 good things about bitsend: it's still cheap and can make x2 in hours - for traders; daily volume and buy support don't allow whales to dump and leave - for holders. But nothing for users.

Anyway, our concepts too differ, so I see no reason to discuss further. Farewell.

[spiz0r]

Can someone tell me how much khs gives an rx 470, or r7 370?

My RX 480 is around 1.1 Mhs, I think the the RX 470 would be the same.