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Author Topic: LINC - LISK Incentivized Node Collaboration  (Read 448 times)
Brewins (OP)
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May 13, 2016, 07:08:10 AM
 #1

Hello,
I have thought about hosting a node where the voters get a percentage of the forged rewards.  Those payouts are equal to about 12,500 LISK per month.

There are a lot of people promising a lot of things to get voted into the top 101 for those spots because of the payout.

I am proposing to get 10 people with a minimum of 50,000 LISK each to split the 12,500 after node hosting/server fees.

I think 500,000 votes would secure a node but it could be slightly higher.  If we need to extent it to 12-15 people then we will do that as well.

Obviously we will work out the wallet ending multiple signatures for payouts etc to prevent any foul play.

YOU MUST HAVE A MINIMUM OF 50,000 LISK from the ICO to be eligible, if you do not please let me know and we will put you on a waiting list.

Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Brewins (OP)
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May 13, 2016, 07:08:21 AM
Last edit: May 13, 2016, 07:29:15 AM by Brewins
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Vega
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May 13, 2016, 07:31:53 AM
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I'm afraid (meaning I'd bet serious money on it) that you are severely underestimating how much list it will take to get into 101.

You'll have zero chance to get near top 300 with 500 000.
Brewins (OP)
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May 13, 2016, 07:39:44 AM
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I'm afraid (meaning I'd bet serious money on it) that you are severely underestimating how much list it will take to get into 101.

You'll have zero chance to get near top 300 with 500 000.

There are 100,000,000  and 101 delegate spots.  A lot of the LISK will be on the exchanges and a lot of people will not vote.  Also needing to expand to 15 people is a possibilty.  Lastly, some people will have more than 50,000 (like myself Smiley )

And I think only 85,000,000 will be available at launch
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May 13, 2016, 08:19:10 AM
 #5

I'm afraid (meaning I'd bet serious money on it) that you are severely underestimating how much list it will take to get into 101.

You'll have zero chance to get near top 300 with 500 000.

There are 100,000,000  and 101 delegate spots.  A lot of the LISK will be on the exchanges and a lot of people will not vote.  Also needing to expand to 15 people is a possibilty.  Lastly, some people will have more than 50,000 (like myself Smiley )

And I think only 85,000,000 will be available at launch

I think to be an active delegate it requires to have about 20M LISK voting for him. Maybe more.

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