[ANN] Iridium (IRD) - People are Power - Community build crypto

[Kaking]

I stop mining this coin already, now waiting for the exchange, don;t know when it can be listed, hope the price don't be so low 

[nanona]

I stop mining this coin already, now waiting for the exchange, don;t know when it can be listed, hope the price don't be so low 

I'm sure it will be very low until those who have only waited for an exchange will have finally dumped their coins.

[Mr.GottaGo]

Ok here is what needs to happen before the coin gets to an exchange.

1.Hard fork implementing the Zawy difficulty algorithm in order to fix the nicehash issues.

2.New faster better looking and easier to use wallet.

3.Implementing Master Nodes

AND

4.Listing on a exchange
 

Patience is not simply the ability to wait - it's how we behave while we're waiting.

-Joyce Meyer

[nanona]

Ok here is what needs to happen before the coin gets to an exchange.

1.Hard fork implementing the Zawy difficulty algorithm in order to fix the nicehash issues.

2.New faster better looking and easier to use wallet.

3.Implementing Master Nodes

I don't see masternodes on the roadmap in the ANN.
Yes, the DAA change isn't on that roadmap either, but it is rather a "bugfix" born out of necessity.

Regarding masternodes, don't they defeat the purpose of having privacy? Genuine question, since I am not into masternode coins.

[Attractor]

Yeah why do we need masternodes?

[Mr.GottaGo]

I think master nodes need to be added simply to avoid a huge dump of the coin the moment it gets listed on a excahnge.
Edit*
I dont see how master nodes are a privacy issue.
People who like to keep their privacy to the maximum just wont get master nodes in it ? Or get the master node trough VPN service to secure ur privacy just like Dash master nodes work.

[Alexey Sukharev]

I think master nodes need to be added simply to avoid a huge dump of the coin the moment it gets listed on a excahnge.

Well, thats a good suggestion as I think. But those who have 100-500-1000-3000 etc coins will dump anyway, because MN wont be below 10k coins imho.

[Mr.GottaGo]

Those kind of dumps aint serious 100-500 coins at a time price dump is not shocking and hopefully people interested in the project will see it as a oportunity to buy at low price low quanteties and keep some what stable price from the start once the 100-500-1000-2000 coin dumps are over we will be left with a stabel and slowly growing price.Em i wrong ?

[JungleOnion]

So I want to understand this. If 18,750,000 million coins are going to be mined the first year. That means that approximately 52k coins are mined a day. And until this day, there might be around 5 million coins mined right? I don't know but if there has been few miners mining this, that means their bags are heavy, it will take some time to distribute those coins.

[stevebrush]

Ok here is what needs to happen before the coin gets to an exchange.
1.Hard fork implementing the Zawy difficulty algorithm in order to fix the nicehash issues.
2.New faster better looking and easier to use wallet.
3.Implementing Master Nodes

AND

4.Listing on a exchange
Patience is not simply the ability to wait - it's how we behave while we're waiting.

-Joyce Meyer

1st point is near...
2nd point is near too : while preparing the hardfork, I ask me if it will not be better to change the look and features of the gui wallet, so I did it.
3d point is tied : (2 nodes more are planned, so a total of four will be in use.)

To Answer people how want to know what is a master node  : it's a 24/24, 7/7 node that is hard coded in wallets. so when you first start the wallet, those master nodes tell you where to find others peers to spread the blockchain. they also are used for validating transactions and block.

I know we miss communication but answers will come after the next major release.

For privacy : node doesn't matter : only the mixin in transactions. next release will use a mixin 5 by default (like monero but not mandatory)

[Chilink]

how to get free coin dev?

[stevebrush]

how to get free coin dev?

next wallet will include a miner...

[esteko]

how to get free coin dev?

next wallet will include a miner...

If this coin will have masternode! than to the moon!

[Attractor]

how to get free coin dev?

next wallet will include a miner...

Just a proper ability to solo mine on both systems would be enough.
Curently windows wallet is unable.
On linux I couldn't make miner connect to the wallet daemon nor mine by wallet itself.

[Alexey Sukharev]

Masternodes will devide the block reward than. Between miers and MN holders.
MN are not in Roadmap as someone already said before. So its not that fair to implement them now.

[Mr.GottaGo]

The roadmap may be changed by the community since its a communnity project as well as the whitepapers of the project which is precicely said in the ann of the coin.
Master node is not something we should vote on but deffinetly have if we would like to see this coin go somewhere whitout getting dumped at lets say 0.70$... its something we woudnt need if the stuff with the old dev didnt happen.But im okay with setting up a vote and see what the majority of the community thinks and go based upon that if we should or shouldnt inplement master nodes

[nanona]

Ok here is what needs to happen before the coin gets to an exchange.
1.Hard fork implementing the Zawy difficulty algorithm in order to fix the nicehash issues.
2.New faster better looking and easier to use wallet.
3.Implementing Master Nodes

AND

4.Listing on a exchange
Patience is not simply the ability to wait - it's how we behave while we're waiting.

-Joyce Meyer

1st point is near...
2nd point is near too : while preparing the hardfork, I ask me if it will not be better to change the look and features of the gui wallet, so I did it.
3d point is tied : (2 nodes more are planned, so a total of four will be in use.)

To Answer people how want to know what is a master node  : it's a 24/24, 7/7 node that is hard coded in wallets. so when you first start the wallet, those master nodes tell you where to find others peers to spread the blockchain. they also are used for validating transactions and block.

I know we miss communication but answers will come after the next major release.

For privacy : node doesn't matter : only the mixin in transactions. next release will use a mixin 5 by default (like monero but not mandatory)

Those nodes hardcoded in the wallet sound like seed nodes to me.

Masternodes are nodes which enable instant transactions and the people operating them get a percentage of the tx fee. They need to hold however a certain amount of coins as collateral to qualify as "masternode".
I don't remember which coin had those first (Dash?) but since then every coin and its dog goes that route. Because a) it enables people to earn interest with a (Pos-free) PoW coin and b) it locks the collateral which means it cuts the supply on the exchange, resulting in an artificial price increase.

From what I understand Iridium does not have masternodes on the roadmap, neither are they being worked on.

If anyone can come up with a good argument why masternodes make sense technically in a coin which can do the mixin without masternodes, please do so.

[stevebrush]

how to get free coin dev?

next wallet will include a miner...

Just a proper ability to solo mine on both systems would be enough.
Curently windows wallet is unable.
On linux I couldn't make miner connect to the wallet daemon nor mine by wallet itself.

Solo mining is easy : just make a local pool :-)

[stevebrush]

Those nodes hardcoded in the wallet sound like seed nodes to me.

Masternodes are nodes which enable instant transactions and the people operating them get a percentage of the tx fee. They need to hold however a certain amount of coins as collateral to qualify as "masternode".
I don't remember which coin had those first (Dash?) but since then every coin and its dog goes that route. Because a) it enables people to earn interest with a (Pos-free) PoW coin and b) it locks the collateral which means it cuts the supply on the exchange, resulting in an artificial price increase.

From what I understand Iridium does not have masternodes on the roadmap, neither are they being worked on.

If anyone can come up with a good argument why masternodes make sense technically in a coin which can do the mixin without masternodes, please do so.

Ok, no master node planned yet... Do you know a cryptonight based coin with those master nodes ?
 
For now, we are concentrating efforts on the hard fork with diff fixed, stable network (2 new nodes just started), new gui wallet (groovy and sexier) and new graphic design...

[cryptoballa1231]

this looks very interesting, where cna i subscribe for emails?