[ANN][MNT] MoNet QUARK POW/POS Hybrid MasterNodes, InstantX, Messaging[MNT][ANN]

[blackchopper]

ICO + joke mining rewards + high PoS rewards + expensive masternodes = rich gets richer scheme with poor distribution.

You made a mistake here.

Should have been "very poor distribution".

It's cool though.  I understood it, but wanted to make sure others who didn't understand.

From #2 to #13 on the block explorer it goes from 299500 to 70.  

[MoNet-Team]

ICO + joke mining rewards + high PoS rewards + expensive masternodes = rich gets richer scheme with poor distribution.

You made a mistake here.

Should have been "very poor distribution".

It's cool though.  I understood it, but wanted to make sure others who didn't understood.

From #2 to #13 on the block explorer it goes from 299500 to 70.  

Top Address is Burn Address
Second Address is Future Development / Bounty Address

There cannot be poor distribution as we are not giving them away. Do a bounty and get paid if not then it is mining until a market is up. Distribution at the moment is going to those who are mining/staking

This time it is the miners who get rich they are the only ones creating coins

EDIT: You both made mistakes AS NO ICO

[bathrobehero]

300,000 MNT remain now for bounties and future developments

Block 1,000 - 1,000,000 = 0.2 Coins Per Block

Pos Reward = 10 Coins Per Block

send exactly 5,000 coins with the standard tx fee nothing more nothing less to the masternode address you

The combination of those numbers are completely retarded.

ICO + joke mining rewards + high PoS rewards + expensive masternodes = rich gets richer scheme with poor distribution.

The only way you will get MNT is either do something for the coin and get paid a bounty or mine like the rest and stake what you have mined.

We Know exactly why we did it like that but seems people cannot see what we do for some reason.

This is designed so you hold your coins (Not PoW mine to stake high blocks to dump)

If you have to mine / buy 5k MNT it means that you have to hold your coins to get upto 5k in total to run a masternode and then the masternode will keep the 5k out of circulation. It will help markets and the Network

EDIT: there is no ICO and 700,000 MNT have been burnt which you can see here http://104.251.217.231:3030/address/5BurnMNTaddyxxxxxxxxxxxxxxxxwv4EcE

I see what you're doing but it should be done after a proper distribution phase.
Starting a coin with the incentive for everyone to just hold from day 1 will cause poor distribution and you only get a handful of people owning all the coins who will only get richer.

New people will not invest in the coin when the mining rewards are a complete joke and people who can already stake will earn way more than miners. There's a reason why the network difficulty is only 1.4.
PoW is supposed to protect the network but it's not happening if you're not incentivizing people to mine (suprnova mined 2747.6 coins in 13738 blocks  )

Let's just look at the addresses between 3 and 19:



If you don't see the problem with this picture I don't know what to say other than you shouldn't create coins.

[SweetBitzco]

I mined a full 24 hr's solo. I hit 50 or so Monet and have staked it since the beginning I now have over 8000. My stake weight is typically 5%-20% of net weight. Distribution is fine, mine or buy while the stake weight is low then just leave your wallet on all day every day. I will be starting a masternode hopefully this weekend.  wallet image http://s24.postimg.org/utgv5vyd1/2016_04_12_11h37_38.png

[MoNet-Team]

300,000 MNT remain now for bounties and future developments

Block 1,000 - 1,000,000 = 0.2 Coins Per Block

Pos Reward = 10 Coins Per Block

send exactly 5,000 coins with the standard tx fee nothing more nothing less to the masternode address you

The combination of those numbers are completely retarded.

ICO + joke mining rewards + high PoS rewards + expensive masternodes = rich gets richer scheme with poor distribution.

The only way you will get MNT is either do something for the coin and get paid a bounty or mine like the rest and stake what you have mined.

We Know exactly why we did it like that but seems people cannot see what we do for some reason.

This is designed so you hold your coins (Not PoW mine to stake high blocks to dump)

If you have to mine / buy 5k MNT it means that you have to hold your coins to get upto 5k in total to run a masternode and then the masternode will keep the 5k out of circulation. It will help markets and the Network

EDIT: there is no ICO and 700,000 MNT have been burnt which you can see here http://104.251.217.231:3030/address/5BurnMNTaddyxxxxxxxxxxxxxxxxwv4EcE

I see what you're doing but it should be done after a proper distribution phase.
Starting a coin with the incentive for everyone to just hold from day 1 will cause poor distribution and you only get a handful of people owning all the coins who will only get richer.

New people will not invest in the coin when the mining rewards are a complete joke and people who can already stake will earn way more than miners. There's a reason why the network difficulty is only 1.4.
PoW is supposed to protect the network but it's not happening if you're not incentivizing people to mine (suprnova mined 2747.6 coins in 13738 blocks  )

Let's just look at the addresses between 3 and 19:

http://screenshotuploader.com/i/1604/ny13e.png

If you don't see the problem with this picture I don't know what to say other than you shouldn't create coins.

The 3'rd address is Mining pool as I'm aware. I do understand what you are saying but I will not change the rewards now I'm Sorry to me it is too late for that and would just mess with the coin more due to me changing rewards, I would like not to do stuff like that and work on what needs to be done instead.

[bathrobehero]

The 3'rd address is Mining pool as I'm aware. I do understand what you are saying but I will not change the rewards now I'm Sorry to me it is too late for that and would just mess with the coin more due to me changing rewards, I would like not to do stuff like that and work on what needs to be done instead.

There's nothing to change here, the coin is DOA.

[MoNet-Team]

The 3'rd address is Mining pool as I'm aware. I do understand what you are saying but I will not change the rewards now I'm Sorry to me it is too late for that and would just mess with the coin more due to me changing rewards, I would like not to do stuff like that and work on what needs to be done instead.

There's nothing to change here, the coin is DOA.

Well i'll see you in a few months then  

[Nightz]

Block 1 = 1,000,000 ICO Funds 700,000 to be burnt 300,000 to be used for bounties / developments

700,000 MNT HAVE NOW BEEN BURNT

BURN ADDRESS

5BurnMNTaddyxxxxxxxxxxxxxxxxwv4EcE

http://104.251.217.231:3030/address/5BurnMNTaddyxxxxxxxxxxxxxxxxwv4EcE

TX
Status: 2/unconfirmed, broadcast through 3 nodes
Date: 12/04/2016 13:26
To: 5BurnMNTaddyxxxxxxxxxxxxxxxxwv4EcE
Debit: -700000.00 MNT
Transaction fee: -0.000033 MNT
Net amount: -700000.000033 MNT
Transaction ID: d12a17abca8d497852158450ef4efc6a4cec75182f30058fa1906c47d05af8e3-000

300,000 MNT remain now for bounties and future developments

I have sent the remainder ie the 299,500 MNT to this address 55Wc2enM1HCK95Wz1WoAThFXGAkygJNciK

TX
Status: 328 confirmations
Date: 12/04/2016 18:51
From: unknown
To: 55Wc2enM1HCK95Wz1WoAThFXGAkygJNciK (own address, label: Bounty Fund)
Credit: 299500.00 MNT
Net amount: +299500.00 MNT
Transaction ID: 9f7cbdce6601c11b7ba93f799b76057a0abf500dfac6d0eb32debf6a72317c8e-000


http://104.251.217.231:3030/address/55Wc2enM1HCK95Wz1WoAThFXGAkygJNciK


What is MoNet?

MoNet is a Crypto Currency with the power to potentially be adopted due to us hopefully having one of if not thee fastest chain out there. We will strive towards our goals of bettering our speeds and upping the security measures around the chain and wallet itself.

Thus We Present to you A system we believe in a few years to come will still be going very strong with a lot of movement in the right direction.

MoNet is a Proof Of Work & Proof Of stake hybrid for 1,000,000 blocks. This means it ensures we can move the beginning chain along in Proof Of Work Phase before Proof of Stake is Kicks in effectively rivalling Proof of Work until it has finished.

The Aim of MoNet is to be the most reliable and stable crypto currency of our times. We will have a very efficient chain with an effective speed of 10 seconds per block meaning transactions to anywhere should take no longer than 20 seconds to be fully confirmed which will help when we wish to be accepted at retailers once we have found a great user base with Demand, Our development team is Awesome we are a close group of friends with experience and are able to deliver great Enhancements. MoNet will be innovative. We Will Listen, We Will Proceed, We Are All Members of Bitcointalk and Are Senior or Above in Level with the minimum age of being around is 3 years




Name = MoNet
Ticker = MNT

Type = Proof of Work/Stake Hybrid until block 1,000,000 Then Full Pos
Algo = Quark
Max Money = 25,000,000



DB Cache Size = 1024MB
Stealth Addresses
Tor
Messaging
Masternodes
10 Second block Time




Block Time = 10 Seconds
Modifier Interval = 10 minutes
Target Timespan = 10 minutes
Coinbase maturity = 41

PoW Rewards:

Block 1 = 1,000,000 ICO Funds 700,000 to be burnt 300,000 to be used for bounties / developments

Block 2 - 1,000 = 0 Coins Per Block
Block 1,000 - 1,000,000 = 0.2 Coins Per Block

Last PoW Block = 1,000,000




Block Time = 10 Seconds
Modifier Interval = 10 minutes
Target Timespan = 10 minutes
Coinbase maturity = 41

Min Stake Age = 1 hour

PoS Start at = Block 100


PoS Rewards:

Pos Reward = 10 Coins Per Block




Instantx signatures required = 5 blocks
Instantx signatures required = 20 blocks

InstantX Amount = 1,000 MNT
InstantX Rounds = 2




DS Collateral = 5,000
DS Fee = 0.0001
DS Pool Max = 1,000,000




MN Confirmations = 5

MN Rewards:

Masternode Rewards = 2/3 of a block

the easiest way for this is if you have a masternode wallet.dat & your other wallet.dat so you can send 10,000

coins exactly to your masternode wallet from your wallet.

Select the Masternode tab from the left hand side menu
Then select My Master Nodes
Then press create
Insert your alias name as requested
insert your ip address along with the port as requested ie 123.456.789.000:9999
Then press ok
You should now see a masternode on the list infront of you
copy the address to notepad or your preffered txt editor
Now press Get Config
copy/paste the Masternode Priv Key & your address and paste them into the masternode.conf below
send exactly 5,000 coins with the standard tx fee nothing more nothing less to the masternode address you
copied wait for it to confirm in the blockchain
Now make sure you have opened your port in Firewall / router if you have one


Running Masternode

Goto Masternode Tabs on the left hand menu
And press start

OR

Goto console in the debug window
Type masternode start

If you have an Encrypted wallet
Type masternode start PASSWORDHERE

To see the status of your masternode
Type masternode list


masternode.conf

Code:

maxconnections=100
rpcuser=YOURUSERNAMEHERE
rpcpassword=YOURPASSWORDHERE
rpcport=21660
gen=0
staking=0
listen=0
server=1
daemon=1
port=9999
reservebalance=9999999
logtimestamps=1
masternodeaddr=YOURIP:9999
masternode=1
masternodeprivkey=YOURPRIVATEKEY

For Linux ubuntu

sudo nano ~/.MoNet/masternode.conf

Then Copy/paste and save once you have edited it

Code:

maxconnections=100
rpcuser=YOURUSERNAMEHERE
rpcpassword=YOURPASSWORDHERE
rpcport=21660
gen=0
staking=0
listen=0
server=1
daemon=1
port=9999
reservebalance=9999999
logtimestamps=1
masternodeaddr=YOURIP:9999
masternode=1
masternodeprivkey=YOURPRIVATEKEY

Tx Confirmations = 2 blocks
Tx Fee = 0.0001

We Expect transactions to take no longer than 20 seconds once the network has kicked in fully





https://github.com/MonetaryS/MoNet





Windows Qt Wallet https://mega.nz/#!j8RWHTJY!p8Wl1GStUikHkH024jyuu4yub-BcrBe-1WHpxd36e-Q

Virus Total 1 False Positive recorded due to Rising AV

https://www.virustotal.com/en/file/a65c2e56e7967b5424ba221c673ead4c9a1b38e0059f6325be95bbd6e5744f4a/analysis/1460287357/


Linux Qt Wallet https://mega.nz/#!64BhRLwa!BUGLnDfbbXHNRL8NhnLgi2nt9vzGgTyTwSI5c66C2yE

Virus Total
https://www.virustotal.com/en/file/96ca3e0446e5c9e8ad37b90f24d5f41f25e689a0aaef1b5d400ea01a41bc6ed0/analysis/1460134876/


monet.conf

Code:

rpcuser=YOURUSERNAMEHERE
rpcpassword=YOURPASSWORDHERE
rpcport=21660
port=21661
listen=1
server=1
daemon=1
addnode=185.93.68.25
addnode=46.105.118.15
addnode=149.202.249.121
addnode=190.74.5.225
addnode=73.161.105.129
addnode=79.235.232.137
addnode=178.55.233.115
addnode=201.211.62.244
addnode=109.241.110.41
addnode=52.37.196.43
addnode=72.201.248.3
addnode=73.161.105.129
addnode=108.61.228.56
addnode=5.173.39.139
addnode=85.100.236.122
addnode=46.105.118.15

for linux Ubuntu

sudo nano ~/.MoNet/monet.conf

Then Copy/paste and save once you have edited it

Code:

rpcuser=YOURUSERNAMEHERE
rpcpassword=YOURPASSWORDHERE
rpcport=21660
port=21661
listen=1
server=1
daemon=1
addnode=185.93.68.25
addnode=46.105.118.15
addnode=149.202.249.121
addnode=190.74.5.225
addnode=73.161.105.129
addnode=79.235.232.137
addnode=178.55.233.115
addnode=201.211.62.244
addnode=109.241.110.41
addnode=52.37.196.43
addnode=72.201.248.3
addnode=73.161.105.129
addnode=108.61.228.56
addnode=5.173.39.139
addnode=85.100.236.122
addnode=46.105.118.15

https://mnt.suprnova.cc/





http://104.251.217.231:3030/
















http://altcoinix.com/monet-faucet/




Wallets:

Android Wallet,
IOS Wallet,
Blackberry Wallet,
Raspberry Pi Wallet.

Multi Pool Listings:

XPool.ca,
?? ??

Fun:

Dice Games,
Wheel Games,
Betting Sites,
Basically any game that can bring fun for use with MoNeT

Sites:

Online Web Wallet With staking capabilities,
Shops to accept MoNeT

Other:

Twitter Tip Bots,
PR Campaigns,
More Exchange Listings,
Faucets




Faucet - 2500

Status: 1/unconfirmed, broadcast through 7 nodes
Date: 12/04/2016 19:38
To: 5NJqCLhrzPK1supzgGCcMArZW8hw4VDoQR
Debit: -2500.00 MNT
Transaction fee: -0.000001 MNT
Net amount: -2500.000001 MNT
Transaction ID: 2592c41edc900ac6819dd641a2b6f01b0d5f82075b50406a8e1af33e9c38d8cc-000


Coins for the actual Faucet - 500

Status: 15 confirmations, broadcast through 2 nodes
Date: 12/04/2016 11:55
To: 563i5yADhbHRwfJjrhpnDYa3TU6N5xohdY
Debit: -500.00 MNT
Transaction fee: -0.000001 MNT
Net amount: -500.000001 MNT
Transaction ID: 691a6827a54cf564788ad784424ed6ba47dd56c32b8ce0739247b63ba4164c6c-000


Block Explorer - 5000

Status: 1/unconfirmed, broadcast through 7 nodes
Date: 12/04/2016 19:39
To: 5DWAnfzRU6VaaN9Bzoxqzck3GbZBk3XCs2
Debit: -5000.00 MNT
Transaction fee: -0.000001 MNT
Net amount: -5000.000001 MNT
Transaction ID: 8825ae7fad16e83e7dd80a7403faa4c673213fa18d21c9b4f03dea0e88d3bdae-000



Total 8000 MNT

Remaining MNT - 292,000



MonetDeveloper@gmail.com

I Just quoted it I Did I Did 

But in all seriousness glad I mined a few as I'm staking away now Seems ok so far in my opinion,  you just got naysayers as most do Glad to see both burn addy and bounty addy are public and that your posting the bounty tx's on Ann keep doing that and you'll get somehwere well that and developments of course

[MoNet-Team]

Thanks and atleast we can see graphics until this page is gone now for a while 

[Nightz]

I'm gonna stake away and wait until Next week then see if I can get me a Masternode up and running

[yavuzc78]

Get your Monet Per Hours

http://altcoinix.com/monet-faucet/

[WayToGo]

Can I run more than one masternode from the same machine?

[MoNet-Team]

Morning lovely poeple   The Sun is Shining

Right now time to get some more bounties complete

[Nightz]

Morning lovely poeple   The Sun is Shining

Right now time to get some more bounties complete

great hopefully we get some more things for MoNet today 

Liking this fast chain too, I understand there may be orphans but I'm still liking it 

[Nightz]

Can I run more than one masternode from the same machine?

Not a clue on that one. I would presume the masternode.conf would only allow for 1 Masternode to be run due to the ip addy and the masternode privekey bit in the .conf, I Could however be wrong (just my 2 cents)

[MoNet-Team]

Morning lovely poeple   The Sun is Shining

Right now time to get some more bounties complete

great hopefully we get some more things for MoNet today 

Liking this fast chain too, I understand there may be orphans but I'm still liking it 

Yes we should hopefully have some more stuff for MoNet today  Just waiting a few responses at the moment

[Nightz]

Messaged a few exchanges for ya, Hopefully one of them if not all pick it up soon

[MoNet-Team]

Messaged a few exchanges for ya, Hopefully one of them if not all pick it up soon

Well thank you for that  . We too have messaged a few Exchanges now also so maybe just maybe we may get one soon.

Anybody know of someone who builds Android wallets ?

[notsofast]

Damn, that single masternode is now taking two thirds of all the stake block rewards. Rich get richer. Wish it was mine.

[MoNet-Team]

Should have another two wallets released sometime today hopefully too