Shilling as in loving it? Guilty as charged. I think you cant have a balanced convo you are so blinkered in your focus on mining and anti ico you dismiss basically all the newest and biggest projects in crypto...its silly.
Nodes will collect some fees. The plan is to develop a dev fund from them due to having no premine. There is no staking. How can you compare these static nodes to masternodes they arent even in same ballpark.
I can lead a balanced conversation, I just have a higher standard of what constitutes a decent coin.
How can they not be in the same ballpark when even the fucking roadmap says "STaTiC Nodes (
master nodes)".
There's zero explonation of what makes PoSign and STaTiC nodes any different than typical staking and masternodes. There's no whitepaper explaining the difference, you're just calling people stupid who couldn't see what you yourself can't explain.
Also, the coin is advertised with No Premine which is simply and absolutely not true. You can't have an ICO without premining the coins.
I see it has a 100 XBY transaction fee so if the same amount of transactions were going through the network as for Bitcoin, then ~10% of the total supply would change hands DAILY as transaction fees so there are already scalability issues there.
And it uses the word mining, while there's no mining going on whatsoever ("STaTiC Node PoSign mining").
And even the devs don't advise investing in the coin and clearly states that it's EXPERIMENTAL.
The coin went from 1 satoshi to 700+ and the devs need funds? Yeah, they surely didn't buy bags of it before resurrecting the coin. /s
This coin smells worse than pigshit on a sunny day.
Look I don't know where to start with you. Its like I have to re-explain the entire project every post. I'll give just a few of your errors cause I can't be fucked with you.
-There was a scam ICO, as investors along with others the developers didn't receive the BTC they just had their personal stake in the scam ICO, so no there is no Premine for the developers. I wish you would look more deeply that coming out with assumptions.
Static nodes are hardwired into the block and are signed, this means instead of one random node creating consensus ALL the Static nodes conform or reject a block. Its does this rapidly cause the consensus doesn't come from the nodes but from another layer onto called Chords which is a virtual P2P protocol thats conforms blocks from completely transactions. The nodes are offline and actually hold no funds so even if hacked which is impossible an attacked would have no monetary benefit to do so. THIS is not in same ballpark as fucking master nodes!
- The coins sat on exchanges for ages with no one buying it. I personally when I saw the tech plans grabbed cheap at around 40 sats. No real buying happened at 1-20 sats anyway just a few million coins. The price has been really low for weeks around 1m market cap so no one can complain about opportunity to buy cheap, just like any mining coin. Remember none of this was planned but simply the developers tracked by a scam making something good out of it. You can look for the negative in that but that probably reflects more on you than them.
-Yes the developers as we are still in development peroid warn people this is experimental? How is that scammy and not honest and reflecting their integrity? You guys are such weirdos. A developer hides risks you call a scam, if a developer is upfront and honest you call a scam!!! for fucks sake...
-The transaction fees is high so we can build up some funds, The nodes will earn fees and will also receives rewards from the storage and other services built upon the coin. They have voted to donate most of the fees for now to the dev fund. This coin is all about community and all work is currently volunteer.
-If you now know the project is literally weeks old you should understand a white paper is just not possible now and the tech must be focus. Whitepaper will come. Also the developer is Deaf and is Hungarian with low level English so communication has to come through another member of the community. Its more cumbersome than other projects in that regard. Anyway we have had a lot of information on how the tech will work as much as many projects white papers. anyway it will come we are weeks old and already growing like wildfire.
Sorry I can't be bothered with you anymore. Your questions are ones of someone that hasn't even bothered to read up on the project but has assumed its a scam from faulty facts so why should I bother with you.
