MonetaryUnit Coin Swap Poll

[sandog]

X11 if you want me to mine!

[bizzyb]

I like the idea of simple changes being the easiest to manage.

Tiered masternodes carry a huge risk: equal voting rights between all tiers means a cloud of the cheapest nodes can take over the network. A large MUE holder could run a ton of noob nodes and sway any vote, including pulling an unfair share of the masternode rewards via the delegating process.

One healthily expensive masternode per IP would be the safest, IE 1 million MUE. Obviously you can run more than one, but it'd be challenging to run enough to create unfairness in the network, and you don't have to puzzle over fairness of relative pricing.

Mining algo is a tough choice. I like CPU-mineable algos that stay true to MUE's original vision of Me, U, and Everyone being able to mine it. Coding a pool interface, where the user can enter pool info and mine directly from the wallet, would be fantastic in supporting this vision, and wouldn't screw over casual CPU miners if/when GPU mining is available for whatever algo is chosen (if it's not been developed already).

That's the conflict I had, which is why I was thinking of a tiered node stucture, which by the sounds of it is dead in the water?
Maybe then some kind of multi-algo approach similar to what JoinCoin (and maybe others) has tried for the POW portion might address the accessibility?

[bizzyb]

I like the idea of simple changes being the easiest to manage.

Tiered masternodes carry a huge risk: equal voting rights between all tiers means a cloud of the cheapest nodes can take over the network. A large MUE holder could run a ton of noob nodes and sway any vote, including pulling an unfair share of the masternode rewards via the delegating process.

One healthily expensive masternode per IP would be the safest, IE 1 million MUE. Obviously you can run more than one, but it'd be challenging to run enough to create unfairness in the network, and you don't have to puzzle over fairness of relative pricing.

Mining algo is a tough choice. I like CPU-mineable algos that stay true to MUE's original vision of Me, U, and Everyone being able to mine it. Coding a pool interface, where the user can enter pool info and mine directly from the wallet, would be fantastic in supporting this vision, and wouldn't screw over casual CPU miners if/when GPU mining is available for whatever algo is chosen (if it's not been developed already).

That's the conflict I had, which is why I was thinking of a tiered node stucture, which by the sounds of it is dead in the water?
Maybe then some kind of multi-algo approach similar to what JoinCoin (and maybe others) has tried for the POW portion might address the accessibility?

To address the "accessibility" of MUE to new comers & less well funded, we can offer masternode shares.
So for a tiny fraction of the cost of a masternode, people can still get the benefit and enjoyment of being part of a masternode.

[NeuroticFish]

Yep, coins that can be mined only by CPU are not so common and I think that there are plenty of people that would like to mine with CPU.
It's an alternative to really think of.

[bizzyb]

Yep, coins that can be mined only by CPU are not so common and I think that there are plenty of people that would like to mine with CPU.
It's an alternative to really think of.

It's certainly something that is worth considering.

[Abiky]

Yep, coins that can be mined only by CPU are not so common and I think that there are plenty of people that would like to mine with CPU.
It's an alternative to really think of.

It's certainly something that is worth considering.

Yeah that is something that I might miss if MUE will have a change of algo. The only thing that I liked about Dash was the Masternodes feature. Will it be possible that MUE could still be a CPU minable coin but at the same time to get Masternodes features too? It would be pretty cool to see it become a reality, making a coin minable for any average Joe as well as being able to support the MUE network with Masternodes.

Also, @bizzyb I'm looking for a physical MUE coin to be able to use it as cold storage. I've always loved to have one where I can deposit my MUE there and store it for long term in a nice physical MUE coin made out of brass or Gold, or maybe even Silver! If such thing would've existed, I would've bought one already. 

[bizzyb]

Thanks to all who have voted & contributed to discussion.

We're solidifying the ideas now for when MUE migrates.
The plan will be aiming for a coin swap end date of 40 days from now which ties in with a coin supply of 100 million MUE (give or take a little).

So, if you want to be part of this then watch all the usual channels for updates in the coming days.

Just a heads up though, X11, Dash clone, and if you want some of the solo masternode action, make sure you have 1 million MUE to pay for it
"shared" options in masternodes will also be offered of course.

Now is a good time to buy, we fully intend in making huge progress with this project over the next 12 months & wisely investing the development fund in further growth
https://bittrex.com/Market/?MarketName=BTC-MUE

More updates coming with clear and solid plans and direction.

Come and join in active discussion in our Slack, everyone welcome
https://mueslack.herokuapp.com/

[Abiky]

Thanks to all who have voted & contributed to discussion.

We're solidifying the ideas now for when MUE migrates.
The plan will be aiming for a coin swap end date of 40 days from now which ties in with a coin supply of 100 million MUE (give or take a little).

So, if you want to be part of this then watch all the usual channels for updates in the coming days.

Just a heads up though, X11, Dash clone, and if you want some of the solo masternode action, make sure you have 1 million MUE to pay for it
"shared" options in masternodes will also be offered of course.

Now is a good time to buy, we fully intend in making huge progress with this project over the next 12 months & wisely investing the development fund in further growth
https://bittrex.com/Market/?MarketName=BTC-MUE

More updates coming with clear and solid plans and direction.

Come and join in active discussion in our Slack, everyone welcome
https://mueslack.herokuapp.com/

Glad to hear the good news! These will be exciting times for MonetaryUnit. Now, everything will be ready to proceed towards the new coin algorithm to achieve long term success. I have a feeling that MUE will become a very popular cryptocurrency. It will have all the goods of Dash + the support and development of a solid dev and community. Now, I will continue to grow my stash of MUE to have at least 1 million coins for the masternodes.