John Cutter
Newbie
 Offline
Activity: 54
Merit: 0
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November 14, 2017, 08:39:04 AM |
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B3 is now #82 on Coinmarketcap, up from #84 in just a matter of hours. Moving on up!
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Bacotan Bae
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November 14, 2017, 08:42:01 AM |
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B3 is now #82 on Coinmarketcap, up from #84 in just a matter of hours. Moving on up!
Yes glad to see B3coin has passed the $ 50 million marketcap, it usually does not take long to reach $ 100 million, I will keep abreast of B3coin and will continue to buy because I believe the future is very bright. |
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joshafest (OP)
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November 14, 2017, 08:47:40 AM |
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Everyone Hereby Please have a ear and eyes over this,
We implemented a new concept, and we named it as Fundamental Node, also we are working on new protocol and named it burnt proof, similar to proof-of-burn, but it is different, since "Proof-of-burn" name is already reserved we say it "Burnt-Proof"
The main difference between masternodes and "fundamental nodes" is , in masternodes , you lock your coins wallet, and this helps network, however you can later spend your coins, on promise that you no longer earn a masternode reward. But, in Fundamental nodes, you have to send a special transaction to yourself which destroy your coins, and you will came up with a proof that YOU destroyed your coins, and now by submitting this proof you will get privilege and will earn rewards, this create a trust on network, (Proof-Of-Trust), the rewards here is came from block, as in masternodes, since, the block rewards are some short of random, this means the fundamental node rewards are random you can compare it with lottery, you can get 20 million coins in one shot, just by destroying 2.5 million coins.
The need of this system came from very high inflation, this method will reduce the circulating money supply as well as total money supply. Till now burning means sending funds to an invalid address, so that they can't be spent or used by anyone, this method is good, but this doesn't change total money supply, but Fundamental node payment does it.
We will soon release a white and yellow paper for it.
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fantasy88
Newbie
Offline
Activity: 3
Merit: 0
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November 14, 2017, 08:51:37 AM |
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Total Supply 61,436,831,128 B3 Max Supply 2,000,000,000 B3 I don't understand  |
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lotfiuser
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November 14, 2017, 09:23:10 AM |
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Wtf 10000 % for pos ? Dont u think. Thats so much. Ans there is already billions coins ?
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Free palestine
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GREEDYJOHN
Legendary
Offline
Activity: 1778
Merit: 1000
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November 14, 2017, 09:32:57 AM |
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Everyone Hereby Please have a ear and eyes over this,
We implemented a new concept, and we named it as Fundamental Node, also we are working on new protocol and named it burnt proof, similar to proof-of-burn, but it is different, since "Proof-of-burn" name is already reserved we say it "Burnt-Proof"
The main difference between masternodes and "fundamental nodes" is , in masternodes , you lock your coins wallet, and this helps network, however you can later spend your coins, on promise that you no longer earn a masternode reward. But, in Fundamental nodes, you have to send a special transaction to yourself which destroy your coins, and you will came up with a proof that YOU destroyed your coins, and now by submitting this proof you will get privilege and will earn rewards, this create a trust on network, (Proof-Of-Trust), the rewards here is came from block, as in masternodes, since, the block rewards are some short of random, this means the fundamental node rewards are random you can compare it with lottery, you can get 20 million coins in one shot, just by destroying 2.5 million coins.
The need of this system came from very high inflation, this method will reduce the circulating money supply as well as total money supply. Till now burning means sending funds to an invalid address, so that they can't be spent or used by anyone, this method is good, but this doesn't change total money supply, but Fundamental node payment does it.
We will soon release a white and yellow paper for it.
I hope that this does not interfere with the staking? |
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jhhansen
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November 14, 2017, 09:34:01 AM |
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Wtf 10000 % for pos ? Dont u think. Thats so much. Ans there is already billions coins ?
There is only a couple of weeks left of 10.000% - after that it will be more stable with Masternode etc. |
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TimC
Legendary
Offline
Activity: 1764
Merit: 1022
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November 14, 2017, 09:36:57 AM |
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Everyone Hereby Please have a ear and eyes over this,
We implemented a new concept, and we named it as Fundamental Node, also we are working on new protocol and named it burnt proof, similar to proof-of-burn, but it is different, since "Proof-of-burn" name is already reserved we say it "Burnt-Proof"
The main difference between masternodes and "fundamental nodes" is , in masternodes , you lock your coins wallet, and this helps network, however you can later spend your coins, on promise that you no longer earn a masternode reward. But, in Fundamental nodes, you have to send a special transaction to yourself which destroy your coins, and you will came up with a proof that YOU destroyed your coins, and now by submitting this proof you will get privilege and will earn rewards, this create a trust on network, (Proof-Of-Trust), the rewards here is came from block, as in masternodes, since, the block rewards are some short of random, this means the fundamental node rewards are random you can compare it with lottery, you can get 20 million coins in one shot, just by destroying 2.5 million coins.
The need of this system came from very high inflation, this method will reduce the circulating money supply as well as total money supply. Till now burning means sending funds to an invalid address, so that they can't be spent or used by anyone, this method is good, but this doesn't change total money supply, but Fundamental node payment does it.
We will soon release a white and yellow paper for it.
I hope that this does not interfere with the staking? What percent of the stake are the Fundamental Node going to be receiving? |
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rohqit
Member
Offline
Activity: 197
Merit: 10
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November 14, 2017, 11:57:37 AM |
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Loving the idea of fundamental nodes, brilliant way to bring supply down
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Winner88
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November 14, 2017, 01:19:08 PM |
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***How do I update my wallet to version 3.0.0.1***1. Download the new wallet Windows & MAC: https://github.com/B3-Coin/B3-CoinV2/releases/tag/v3.0.0.1 and save it somewhere easy to find. 2. Backup your wallet file. 3. Close your B3 wallet. 4. Start the new wallet by double clicking the file you just downloaded. 5. Click `Help>Debug window` and make sure that Client version is `v3.0.0.1-B3`
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joshafest (OP)
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November 14, 2017, 01:19:20 PM |
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John Cutter
Newbie
Offline
Activity: 54
Merit: 0
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November 14, 2017, 01:59:40 PM |
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Everyone Hereby Please have a ear and eyes over this,
We implemented a new concept, and we named it as Fundamental Node, also we are working on new protocol and named it burnt proof, similar to proof-of-burn, but it is different, since "Proof-of-burn" name is already reserved we say it "Burnt-Proof"
The main difference between masternodes and "fundamental nodes" is , in masternodes , you lock your coins wallet, and this helps network, however you can later spend your coins, on promise that you no longer earn a masternode reward. But, in Fundamental nodes, you have to send a special transaction to yourself which destroy your coins, and you will came up with a proof that YOU destroyed your coins, and now by submitting this proof you will get privilege and will earn rewards, this create a trust on network, (Proof-Of-Trust), the rewards here is came from block, as in masternodes, since, the block rewards are some short of random, this means the fundamental node rewards are random you can compare it with lottery, you can get 20 million coins in one shot, just by destroying 2.5 million coins.
The need of this system came from very high inflation, this method will reduce the circulating money supply as well as total money supply. Till now burning means sending funds to an invalid address, so that they can't be spent or used by anyone, this method is good, but this doesn't change total money supply, but Fundamental node payment does it.
We will soon release a white and yellow paper for it.
I hope that this does not interfere with the staking? What percent of the stake are the Fundamental Node going to be receiving? 2.5 million for a node? I don't mind burning that much. I could pick up a couple nodes then. But what is the minimum payout that we could see? |
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kaedcoin
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November 14, 2017, 02:44:39 PM |
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just by destroying 2.5 million coins.
So it's 2.5 mlns coins then ? Or was it just for the example/explanation ? |
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DADIBLAND
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November 14, 2017, 04:21:44 PM |
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That the price dropped to one Satoshi means of the currencythe end and and will not rise again, I do not know how to face inflation and quantity in billions coin
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mekky1990
Jr. Member
Offline
Activity: 101
Merit: 7
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November 14, 2017, 05:40:28 PM |
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why Total Supply are over Max Supply by billions |
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trefster
Newbie
Offline
Activity: 4
Merit: 0
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November 14, 2017, 09:05:51 PM |
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Everyone Hereby Please have a ear and eyes over this,
We implemented a new concept, and we named it as Fundamental Node, also we are working on new protocol and named it burnt proof, similar to proof-of-burn, but it is different, since "Proof-of-burn" name is already reserved we say it "Burnt-Proof"
The main difference between masternodes and "fundamental nodes" is , in masternodes , you lock your coins wallet, and this helps network, however you can later spend your coins, on promise that you no longer earn a masternode reward. But, in Fundamental nodes, you have to send a special transaction to yourself which destroy your coins, and you will came up with a proof that YOU destroyed your coins, and now by submitting this proof you will get privilege and will earn rewards, this create a trust on network, (Proof-Of-Trust), the rewards here is came from block, as in masternodes, since, the block rewards are some short of random, this means the fundamental node rewards are random you can compare it with lottery, you can get 20 million coins in one shot, just by destroying 2.5 million coins.
The need of this system came from very high inflation, this method will reduce the circulating money supply as well as total money supply. Till now burning means sending funds to an invalid address, so that they can't be spent or used by anyone, this method is good, but this doesn't change total money supply, but Fundamental node payment does it.
We will soon release a white and yellow paper for it.
I have 4 questions: 1.) Since we are to compare masternode rewards to the lottery, does that analogy imply that a masternode may never get any reward? Or, is it more like staking, so that over time, it's more likely to get a reward, and is guaranteed to get a reward eventually? 2.) Is 2.5 million the official number of coins to buy a masternode? 3.) Will the price of a masternode (in B3 coins) increase later, and if so, when? 4.) Are you working with any VPS hosting services that will provide B3 masternode hosting out-of-the-box? Thank You! |
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Limx Dev
Copper Member
Legendary
Offline
Activity: 2324
Merit: 1348
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November 14, 2017, 11:41:44 PM |
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 ...just a info  Kind Regards Christian |
Bitcore BTX - a UTXO fork of Bitcoin - since 2017 |
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mrrxp
Newbie
Offline
Activity: 25
Merit: 0
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November 15, 2017, 03:32:11 AM |
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Downloaded new wallet, but it's offline most of the time. Sometimes see 1 connection pop up. Anyone know whats happening?
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oregongreen
Newbie
Offline
Activity: 9
Merit: 0
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November 15, 2017, 03:38:04 AM |
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Downloaded new wallet, but it's offline most of the time. Sometimes see 1 connection pop up. Anyone know whats happening?
Logon to the Dischord Channel via the b3coin.net website. then join the wallet0-help channel, there is a conf file in there that has all the node IP's. That should will give you more connections. Peace! To the MOON w/B3! |
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