Bitcoin Supernode System

[rpietila]

Hi, this thread is dedicated to the second of my great pillars on how to support Bitcoin in 2013 - The Supernode

It is best to think of this as a very real instance of a Alternate Reality Live Action Role Play. Just jump in by buying bitcoins, start to act as if they had tremendous value (which will cause them to have the value) and take your role as a Nobleman or Freeman! The power is there for grabs!

The registration fee is 0.5% of your bitcoins and that already buys you many things. We literally divide the world among us. Be prepared to spend 5% of your bitcoins annually on the game - flight, hotel and restaurant expenses, general living according to your lot, meetups and other marketing. Note: You are also expected to setup bitcoin businesses and you will have the chance to make the money back with interest. If not, at least the 95% are very much more valuable because of the interest you have been keeping up with the Supernode lifestyle.


Jun 13:
Bitcoin Capability Classification (BCC) is a general scale for classifying the capability of people in the Bitcoinworld. The system is logarithmic. It encompasses the previous Supernode classification.

ULTRANODES
00-05 unestablished regal titles (one or more)
06-10 Duke (approx. min. 10,000,000mBTC and behaves like that)

HYPERNODES
11-15 Prince (approx. min. 3,000,000mBTC and behaves like that)
16-20 Marquis (approx. min. 1,000,000mBTC and behaves like that)

SUPERNODES
21-25 Earl (approx. min. 300,000mBTC and behaves like that)
26-30 Viscount (approx. min. 100,000mBTC and behaves like that)

Everything above this will collectively be called "Supernodes". Everything below this will never be called "Supernodes" so make sure to acquire and hold the 100 bitcoins required, if you want to be numbered in the Register of Supernodes! Now they are so cheap. Bitcoins, I mean.

MININODES
31-35 Baron (approx. min. 30,000mBTC and behaves like that)
36-40 Baronet (approx. min. 10,000mBTC and behaves like that)
41-45 Knight (approx. min. 3,000mBTC and behaves like that)

FREEMEN
46-50 Freeman 1st class (approx. min. 1,000mBTC)
51-55 Freeman 2nd class (approx. min. 300mBTC)
56-60 Freeman 3rd class (approx. min. 100mBTC)
61-65 Freeman 4th class (approx. min. 30mBTC)
66-70 Freeman 5th class (approx. min. 10mBTC
71-75 Freeman 6th class (approx. min. 3mBTC

These guys (above) are about 300 million in number, and hold more bitcoins than an average person in the world. More than 90% of the coins will be held by them, so the inequality of distribution of liquid wealth will stay, should minicoin reach $300 quickly.

76-80 Freeman 7th class (approx. min. 1mBTC
81-85 Freeman 8th class (approx. min. 0.3BTC
86-90 Freeman 9th class (approx. min. 0.1BTC
91-95 Freeman 10th class (less than 0.1mBTC but can take care of himself)

THE DESTITUTE
96-100 The Destitute

People who are destitute cannot take care of themselves, for which reason the other must take care of them. It depends on the climate, political system (e.g. minimum wage), relative living standard and acceptable living standard for a destitute, how many there are. It can be up to 20% but can be as few as 2% of the population, how many are destitute. Currently even "the destitute" in Finland can typically buy several hundreds or thousands mBTC with different kinds of social aid. After a few months they are very well off. But we will have another group of destitutes soon when the Government money runs out.
::END::

My previous developments on the matter:

Apr 22:
First Class Bitcoin Supernode

- Sovereign ability to run, manage and develop the Bitcoin network in absence of any other entities.
- 24/7 monitoring, technical, and trading ability, connections with most relevant Bitcoin power centers, accounts in all relevant exchanges
- Global operation, capacity to set up activities in most jurisdictions with minimum lead times, access to all specialists (bankers, lawyers, tech) globally
- Able to generate its own funding indefinitely regardless of bitcoin exchange value, or backed by an entity wealthy enough to support the operations indefinitely in absence of cash flow from operations
- Minimum full-time staff in command&control structure: 5-10

Second Class Bitcoin Supernode

- Able to run, although probably not effectively develop, the Bitcoin network in absence of other entities. The end user of Bitcoin will notice if the service level falls to the second class. This will lead to delays and blackouts of important services.
- Real-time alerts in place to activate the relevant parts of the organization if something worth their effort happens in Bitcoinworld. Position management in multiple trading platforms, good connections to several other supernodes.
- Can project force to other jurisdictions, albeit with considerable effort and lead time
- Can function independently of external funding as long as Bitcoin's price does not totally collapse, (or has enough external funding to not care)
- Minimum number of dedicated permanent staff: 2-3

Third Class Bitcoin Supernode

- May or may not run a Bitcoin node, cannot likely summon the resources to fix the protocol if need be, may be entirely non-tech
- Actively follows what happens in Bitcoinworld. Reasonably well connected to at least some other supernodes.
- Mainly a local operation.
- Owns enough bitcoins, income-generating bitcoin or other businesses, or other assets, to continue operations at the desired level infinitely (note - the marginal cost of operation on this level is essentially zero)
- Minimum number of people: 1 part-time
- In order to be classified as a supernode, there either needs to be a good number of bitcoins in possession, mining capacity, bitcoin tradership, dealership or other business or publishing organisation.

Capability of a Supernode

The capability of a Bitcoin supernode can be expressed in a pseudologarithmic scale from 0.0 to 5.0., where
- 1.0 is an essentially perfect small operation
- 3.0 is the threshold of being classified as a supernode
- 5.0 is an interested newbie smart enough to understand the basics.

I have been trying to explain the transition of Bitcoin from the alpha/beta stage to the mainstream. I developed the supernode framework to give the reader some understanding of the magnitude of the change that we are undergoing. As I see it, any of the public power centers of Bitcoinworld, do not currently even qualify to the first class. This can be readily observed by the number of scams and hacks, and inadequate organizational and financial resources of most of the actors.

There are currently hundreds of organizations in the world, capable of developing a 1.0 supernode in 3-6 months, if they decide to enter in. None of the current (public) players possesses such an ability now, and even though many may be interested, their rate of capability increase (the time in days, to move one decimal in the supernode capability scale) is behind that of the potential new entrants.

2013 will be an interesting year, for the mainstream adoption and price appreciation of course, but also for some serious behind-the-scenes action. I realize that most people have a difficulty of understanding that bitcoin's price does not have a stable value between $0 and $300k (in fact I only myself realized it a week ago!), and because of this new understanding how the bitcoin power network functions, the probability of it going to zero is rather slim indeed.

[1714652386]

1714652386

[1714652386]

1714652386

[1714652386]

1714652386

[rpietila]

Bitcoin Supernode Alternate Reality Game

Do you want to just update your life? Start to live in the age of great men and great machines, intertwined with the modern communication technology. Then Bitcoin Supernode Game is for you. The more you buy bitcoins, the more important role you will have in the world, as bitcoin relentlessly rises above its true value of around $300k/mBTC and comes back. The Bitcoin Supernode Game eases in the transition - you are already acting as a ruler, so it is possible that you will be promoted even above your actual holdings when everybody sees that Bitcoin is the thing.

I do not currently know how long we need to play. The longer, the more fun. I personally think Bitcoin's rise will happen in violent episodes which see the price going up from (USD/BTC is used for clarity) 0.06 to 0.36 (6x, 10-11/2010), 0.20 to 1.06 (5x, 12/2010-2/2011), 0.67 to 31.99 (46x, 4-6/2011), and 13.5 to 267 (20x, 1-4/2013). It is important to capture these supermoves, and because you don't know when a supermove will commence, you better stay all in all the time. We cannot get from 100 to 300000 in one supermove, that is for sure.

For the game, we need to decide the gamemaster team first. They will have somewhat different role than the players. Is there anyone who wants to join me?

The players will be noblemen in different levels. I cannot write a convincing story even though I have in mind, help me!!

 

[rpietila]

3. REACTIVATION OF RPIETILA SUPERNODE

Rpietila supernode may be reactivated as follows: Rpietila summons a general supernode meeting. The invitation must provably be sent to the following people 168 hours prior to the scheduled opening time of the meeting (number of votes in parentheses): Paul (9), Erki (, Frank (7), Jaakko (7), Iiro (7), Vesa (7), Lauri (6), Mikko (5), Roni (5), Heikki (4), Jochen (3), Taimar (3). After the minimum of 72 hours of uninterrupted deliberation (no other people except rpietila's staff with his permission may enter the area designated as secure), the participants present may vote for the reactivation of the supernode. Rpietila has no vote, but can veto the affirmative decision of the others (and they may set up a supernode themselves). Rpietila may deny partial attendance to the summit, it is all or nothing. The participants receive no compensation whatsoever, except room and board. Minimum 3 people except rpietila must be present to activate the supernode.

If 30 days elapses from the moment that rpietila has last made personal physical contact to minimum 3 of the above people simultaneously, earlier orders are in force. It does not matter what rpietila's condition is, as long as the others may enter and exit at will.

When I went to hibernation, I deactivated my supernode quite totally. Even though I unhibernated my self yesterday, we will need to call a general supernode meeting to officially take back the supernode powers. That will be realistic in the first week of June the earliest. I am not in a hurry myself. The most important reason (for an opening meeting to be so heavy) is:

A: I must be able to summon the participants (if not, there will be no supernode without staff anyway )

B: The participants need to have 72 hours to examine my mental situation (whether I am able to run a supernode or not).

Running a class 10 supernode ("Duke") costs me at least $100-$200k per month. If I reactivate my old businesses but no supernode, my costs will run in about $15-$20k per month. There is also an opportunity for a half/half resolution and activation of a lower class (15 or 20) supernode, and that will be discussed. Problem is that with my current medication I am hardly able to organize anything that would bring in the money, and therefore the hospital staff don't want me to organize things that would increase my cost side. I am on a sick leave until June 30 anyway. Most of the time before that I will spend in the hospital with hopefully my communications intact.

[rpietila]

Practical considerations


1. Many of the large holders (1,000,000 & up, I estimate there are 1000 such people) of bitcoins are rather weak organizationally. The classification points to them, that they either need to sell their bitcoins proportionally when the price rises, or start to phase out their work unrelated to Bitcoin and even start employ people related to Bitcoin.

2. The classification opens up better networking possibilities for those, who do not think that the anonymity of some of their Bitcoin requires anonymity of all of their bitcoins (think cash as an example, everybody has a bank account, but may still use cash unanonymously or anonymously). Actually the best way to hide your clandestine bitcoin uses is to have large legit traffic. As a long-time silver dealer I have had many opportunies to use cash illegitemately, because for me it is everyday to have about $10-50k in physical cash (never done that of course). At least this maps the network of rather many public Bitcoin users, so that the unmapped anonymous holders can plan their moves.

3. We need to have uniform communication modes across Bitcoinworld. This has the potential to rather soon establish the Bitcoin User not affected meme to something bold, resembling a diplomatic passport in physical world matters.

[rpietila]

Castles in the sky man. But hey, it's fun right?

This exactly is the idea. If we make enough people to join in, they will make enough to join in, and then we do have many castles and not only in the sky but also in Long Island, and Bourgogne 

[rpietila]

05 and above (30000+BTC) set their own title - approx 20 can exist in the world
10 Duke(10000BTC) - approx 70 exist
15 Prince(3000BTC) - approx 200 exist
20 Marquis(1000BTC) - approx 700 exist
25 Earl(300BTC) - approx 2000 exist
30 Viscount(100BTC) - approx 7000 exist

There is now and will be in the foreseeable future about 10,000 [7,000...15,000] people who own more than 100,000mBTC. This is a mathematical fact. The form or the top of the pyramid is already there, although most of the names will change during Bitcoins rise from 0.1 to $1000 and back.

35 Baron(30,000mBTC) - approx 20,000 exist
40 Baronet(10,000mBTC) - approx 70,000 exist
45 Knight(3,000mBTC) - approx 200,000 exist
50 Freeman 1st cl.(1,000mBTC) - approx 700,000 exist

Many of these people also exist now, and their number will likely increase somewhat when bitcoin goes mainstream.

55 Freeman 2nd cl.(300mBTC) - approx 2,000,000 exist
60 Freeman 3rd cl.(100mBTC) - approx 7,000,000 exist
65 Freeman 4th cl.(30mBTC) - approx 20,000,000 exist
70 Freeman 5th cl.(10mBTC) - approx 70,000,000 exist
75 Freeman 6th cl.(3mBTC) - approx 200,000,000 exist
80 Freeman 7th cl.(1mBTC) - approx 700,000,000 exist
85 Freeman 8th cl.(0.3mBTC) - approx 1,200,000,000 exist
90 Freeman 9th cl.(0.1mBTC) - approx 1,500,000 exist
95 Freeman 10th cl. - approx 1,200,000 exist

Currently this group numbers in millions, but it should number in billions. We need to let them develop more services in Bitcoinworld to make this segment of world population benefit from Bitcoin more.

[rpietila]

I think I qualify for Destitute Node at the moment.

When I can find work for bitcoins I expect to level up well into the Freeman classes quickly though.

When I have 0.1 bitcoin I will be Freeman 3rd class already, is that correct? That's quite a jump.

People could easily become Freemen if there were more services or jobs in the bitcoin economy.

You can easily find work in this forum if you can code. If there are any supernodes or mininodes in your locality doing anything, you can find they pay several mBTC per hour. It is the whole point of the exercise that people should become independent of their current masters (PTB) and become Freemen instead. It does not require so many mBTC when one mBTC equals a room for month in an inn.

[rpietila]

How to become a Supernode?

Currently this thread is just a collection of my notes that I made during my hospitalization. So there is not yet a way to become supernode except setting up one yourself. I can think of the following schemes, but my own health does not necessarily allow me an important role so somebody needs to catch the ball from here.

1. One way is to realize that you are the coolest guy around and create a Duke D.G. from yourself (By the Grace of God, Henry, 1st Duke of Michigan). Then continue doing cool stuff, finding vassals and making diplomatic missions to other states.

2. My Supernode "Re-activation Panel" is a collection of 12 people in very high standing. If they want to create me a Duke or a Prince, I will certainly submit to them (another thing is if they even want me to be subservient).

3. If you want to be a lower-class supernode, you can find someone in higher class, and have him create you a supernode or mininode.    

4. Minimum is to actively decide to be a Freeman. You don't need to do anything then.

[rpietila]

10 Duke(10,000,000mBTC) - approx 70 exist
15 Prince(3,000,000mBTC) - approx 200 exist
20 Marquis(1,000,000mBTC) - approx 700 exist
25 Earl(300,000mBTC) - approx 2000 exist
30 Viscount(100,000mBTC) - approx 7000 exist
35 Baron(30,000mBTC) - approx 20,000 exist
40 Baronet(10,000mBTC) - approx 70,000 exist
45 Knight(3,000mBTC) - approx 150-200,000 exist
50 Freeman 1st cl.(1,000mBTC) - approx 300-500,000 exist

This group numbers about 0.5-1 million now, and most of them have no idea of how important they are. Really, currently they are therefore mostly not that important. But if they did activate their supernode and mininodes, they would be important very soon. Before the old powers can fall, we need the new safety net established.

We need a new OTC exchange for USD/BTC and all other crypto/fiat/metal currencies. But many are already working for that, including "my" Bitcoin Dealer Network Association (BDNA). We have many services, but people are working for that.

We also need to have a supernode network to just .. umm.. rule the world and have fun doing it.
DISCLAIMER - THIS IS JUST A GAME, ALBEIT YOUR ENTIRE LIFE IS AT STAKE IN A POSITIVE WAY  


10 Duke(10,000,000mBTC) - approx 70 exist
15 Prince(3,000,000mBTC) - approx 200 exist
20 Marquis(1,000,000mBTC) - approx 700 exist

These are the ones that we need most. So I propose a criteria on how to become one:


Test on Supernodes
If You pass the test with
- minimum 55, you are eligible to become Duke
- minimum 45, you are eligible to become Prince
- minimum 35, you are eligible to become Marquis
- minimum 25, you are eligible to become Earl
- minimum 15, you are eligible to become Viscount
- less than 15, you are eligible to become Freeman

1. Do you have at least (X) bitcoins:
more than 50,000 => 20 points
50,000 => 18 points
30,000 => 16 points
20,000 => 14 points
10,000 => 12 points
5,000 => 10 points
3,000 => 8 points
2,000 => 6 points
1,000 => 4 points
500 => 2 points
300 => 0 points
less than 300 => disqualified

2. Do you plan to acquire more bitcoins or sell them in the following 6 months:
sell more than 25% => 0 points
sell more than 10% => 2 points
not sell, not buy => 4 points
buy more => 6 points
Buy a lot more => 8 points

3. How many languages do you command?
=> 2 point per language

4. Have you ever been convicted of a crime (political and victimless crimes do not count)
=> 8 points if no, -4 points per each count

5. Do you understand how bitcoin network works?
yes, read and understood the white paper => 6 points
yes, could explain it to an outsider => 4 points
no, not really => 2 points
it's Greek to me => 0 points

Do you trade bitcoin OTC now?
no => 0 points
not really => 2 points
YEAH, quite much => 4 points
established business going on => 6 points

Do you have other bitcoin business?
no => 0 points
just or once => 2 points
yes but small => 4 points
established => 6 points

Write an essay on your Bitcoin Ministry (This is a LARP after all, so write about your character and how it's role is to promote the bitcoin business)? (max=> 10 points)

What is your Bitcoin Mission Statement? (max=> 4 points)

Your achievements (in sports, etc. something world-class(national/city/etc.) you have done, max 3) (max=> 6 points)

Count all the points, then find out about your (maximum) ranking.


Note carefully. You need to post a Bitcoin Supernode Network game fee, which goes up with the rank (0.5% of the noted wealth):

Duke: 50,000mBTC
Prince: 15,000mBTC
Marquis: 5,000mBTC
Earl: 1,500mBTC
Viscount: 600mBTC
Freeman: 300mBTC.

The price includes entrance to Internet resources, plastic name tag/(ID card) and printed promotion materials incl posters, T-shirt, millibitcoin notes.The plastic materials are actually quite nice. In a separate thread I will start asking for admissions. (Until now, this is all in planning stage.)

[rpietila]

I will not have the time to single-handedly drive on this mission (The Supernode). Therefore I will wait with these preliminary ideas if there is market for it, or whether I will just drop it. Comments, please.

[rpietila]

Duke
Prince
Marquis
Earl
Viscount

Please take your meds again. You're getting worse by the minute.

You want some sort of human hierarchy?

Ambassador Plenipotentiary
Ambassador-at-Large
Special Envoy
Envoy

***or***

General of the Army
4-star General
Lieutenant General
General Major
Brigadier
Colonel

Which one you prefer?


If you want no hierarchy, then very sorry for you since that will not be the case in this world nor in the next one (bible verse).

[rpietila]

Bank President
Bank Manager
Investment Banker
Bank Presidents Blond & Sultry Longlegged Bimbo
Bank Clerk
Bank IT Guy

the 99%

Are we all part of the same bank or different? 

(U'now I did have the time to go through all human hierarchical systems in the mental ward, and to me, the royalty/nobility seemed to stand out of all the rest, followed by the diplomacy hierarchy.) Teach me if you can, or be quiet.

[Este Nuno]

I've been interested in your Supernode vision for a long time. But I did not understand exactly what you were intending to create. Reading this post I believe I am finally starting to understand what you are trying to do.

Some initial thoughts I have are:

• The cut off for a Supernode being only 100 bitcoins is interesting and much more inclusive than I would have expected. This is probably a good thing because the network can potentially be much bigger now. Since it is relatively easy to acquire 100 bitcoins at this point in time. (Probably not so much in the near future)
• I noticed some people are having trouble with the titles being likened to nobility. I think some people might have a visceral reaction towards the association of bitcoin and nobility, and that might turn some people off who would probably be interested in the idea of a Supernode network otherwise. Nevertheless, I personally find it an interesting metaphor.
• I think the sooner you can persuade other potential Supernodes to activate, the faster the network will grow. And the higher rank that the first Supernodes have, the easier it will be for the to lead by example and create a cascade of subnodes joining the network. They would be leading by example, and people naturally tend to follow those who lead.

Some questions:

• Is this going to be a formal or informal organization?
• If it's going to be a formal organization, do you envision having a some sort of code that all nodes are expected to follow?
• What about governance? Do you expect to have Supernodes being chosen or elected by higher ranking nodes?
• What about membership dues? If the organizational part of the network requires funds, do you think there will be a membership fee? And if so will it be tiered based on rank? Or will higher ranked nodes be expected to fund the network as part of the responsibility of being a high rank node.
• Do you expect the Supernode network itself to provide infrastructure for nodes in the network? Or do you expect separate entities to be created in order to service the nodes. For example: If a Supernode arrived in Hong Kong, and was in need of office space, connectivity, and administrative assistance, would you expect that the Supernode network will be in a position to provide such infrastructure for it's members? Or, since services like this will naturally be necessary, third party companies who specialize in providing the infrastructure needed to run a Supernode will be created to service the network on an international scale?

Also, I was wondering if Roni was still in your employ? If so, do you have him working on getting the network established? I assume he would be instrumental in getting the project going since you have worked with him in the past.

Signed,


Este Nuno
Freeman

[Este Nuno]

You can easily find work in this forum if you can code. If there are any supernodes or mininodes in your locality doing anything, you can find they pay several mBTC per hour. It is the whole point of the exercise that people should become independent of their current masters (PTB) and become Freemen instead. It does not require so many mBTC when one mBTC equals a room for month in an inn.

I can code a little. But I'm not personally willing to offer those services on a professional basis yet. I believe that someone should be able to back what they do 100% and be proud of putting their name on something if they are going to do it.

I think it's quite possible that if this concept gains hold in the bitcoin community that it could create a lot of opportunities for a wide variety of people to work and provide services for the network.

I figure I could obtain Mininode-Baron rank in the very near future if I focus on earning bitcoins and converting all fiat earned in to bitcoin. The levels are very reasonable. And becoming a Supernode should be an easy next step.

[gmannn]

By the power vested in me, Gman, Earl of Manhattan Beach, I hereby proclaim Este Nuno free man, and promise to not touch his life and liberty, in peace or in war, unless and until, he willingly comes to my aid in the time of great peril. Long live Este Nuno!

https://blockchain.info/tx/df49a3399215b0ad4751cd3bdaba391e880665a83405cd4998f050288cc01839

I think I qualify for Destitute Node at the moment.

When I can find work for bitcoins I expect to level up well into the Freeman classes quickly though.

When I have 0.1 bitcoin I will be Freeman 3rd class already, is that correct? That's quite a jump.

People could easily become Freemen if there were more services or jobs in the bitcoin economy.

[rpietila]

In my supernodespeak, that would be:

"By the power vested in me, Gman, Earl of YourCityHere, hereby proclaim Este Nuno free man, and promise to not touch his life, liberty or property, in peace or in war, unless and until, he willingly comes to my aid in the time of great peril. Long live Este Nuno!

With the power vested in me as Earl of Supernode, I, Gman, first of his name, hereby grant Este Nuno the title of Freeman 5th class, with all rights and titles pertaining.  May you retain this title with honor and dignity.

I think I qualify for Destitute Node at the moment.

When I can find work for bitcoins I expect to level up well into the Freeman classes quickly though.

When I have 0.1 bitcoin I will be Freeman 3rd class already, is that correct? That's quite a jump.

People could easily become Freemen if there were more services or jobs in the bitcoin economy.

[Este Nuno]

With the power vested in me as Earl of Supernode, I, Gman, first of his name, hereby grant Este Nuno the title of Freeman 5th class, with all rights and titles pertaining.  May you retain this title with honor and dignity. 

https://blockchain.info/tx/df49a3399215b0ad4751cd3bdaba391e880665a83405cd4998f050288cc01839

Haha, Thank you.

As rpietila said in the op: "These guys (above) hold more bitcoins than an average person in the world. More than 99% of the coins will be held by them, so the inequality of distribution of liquid wealth will increase, should minicoin reach $300 quickly."

I'm now the 1%.

[rpietila]

I will answer piecewise, otherwise it becomes tl;dr.

I've been interested in your Supernode vision for a long time. But I did not understand exactly what you were intending to create. Reading this post I believe I am finally starting to understand what you are trying to do.

* The cut off for a Supernode being only 100 bitcoins is interesting and much more inclusive than I would have expected. This is probably a good thing because the network can potentially be much bigger now. Since it is relatively easy to acquire 100 bitcoins at this point in time. (Probably not so much in the near future)

When I started, I was not clear myself, what I would be going to create. I wanted to see the relation of the "eventual distribution" of bitcoins to the people of the world (which closely follows a certain mathematical relation regardless of how the distribution is achieved - assumed it is achieved in any way imaginable now, and/or the result is lead to "play out"), and the purchasing power of people in the categories.

This resulted to the quick awakening that:

A) it is not so much how much we invest into bitcoins, but how many bitcoins we have as a result. I started investing in late 2011 and now (March-April 2013) have invested 100,000s of dollars more into it. Not that it changed my relative position much, but it just still happens to be insanely undervalued and I still invest all proceeds of my businesses into bitcoins.

B) Very many people will soon be in positions of high wealth and importance, and the only way for them not to, is to sell all or the most part of their bitcoins.

C) Even now, anyone in the first world can still be ultra-HNWI by buying 100 bitcoins. This is the original Supernode-limit. The world has now about 30,000 people of $30M or more, and Bitcoin is going to shuffle that deck a lot by bringing perhaps 10,000 new entrants and removing almost as many.

The ones who are now afraid of bitcoin's low exchange rate - don't be. The current HNWI's may want to buy some, and they will be the ones taking the price from $10 to $100. They don't invest $100k now even though it would be sensible. They want $1M later, when it buys less coins. Just like I never bought sub-$0.001 no matter how many times I was asked. (Honestly I lived in the middle of a community where perhaps 1/3 actively bought bitcoins in 2010-6/2011).

[gmannn]

My house sigil has been created.

Started as a freeman with a single miner.  Now commanding a mining operation, long and short term trading positions, and 1st level face to face arbitrage network, with the goal of increasing BTC holdings to hypernode level within a year.  Seeking vassals, bannermen, and other supernodes for diplomatic relations.



 

[rpietila]

* I noticed some people are having trouble with the titles being likened to nobility. I think some people might have a visceral reaction towards the association of bitcoin and nobility, and that might turn some people off who would probably be interested in the idea of a Supernode network otherwise. Nevertheless, I personally find it an interesting metaphor.

I tried out all systems (military, business) that came to my mind, and Nobility seemed to be a good system with established rules, and underused, and mathematically suitable to the task (armed forces could have been another one, with 1.0 Supernode as a 4 star General). 

* I think the sooner you can persuade other potential Supernodes to activate, the faster the network will grow. And the higher rank that the first Supernodes have, the easier it will be for the to lead by example and create a cascade of subnodes joining the network. They would be leading by example, and people naturally tend to follow those who lead.

I think we first to develop and set in stone some rules, and then just put a open invitation in Bitcointalk. If we give out something for free, people join. We could for example give out 200 noble titles out for free (to people who qualify) just to have presence. Then there would be mechanism how they can increase the network.

Some questions:

• Is this going to be a formal or informal organization?
• If it's going to be a formal organization, do you envision having a some sort of code that all nodes are expected to follow?
• What about governance? Do you expect to have Supernodes being chosen or elected by higher ranking nodes?
• What about membership dues? If the organizational part of the network requires funds, do you think there will be a membership fee? And if so will it be tiered based on rank? Or will higher ranked nodes be expected to fund the network as part of the responsibility of being a high rank node.
• Do you expect the Supernode network itself to provide infrastructure for nodes in the network? Or do you expect separate entities to be created in order to service the nodes. For example: If a Supernode arrived in Hong Kong, and was in need of office space, connectivity, and administrative assistance, would you expect that the Supernode network will be in a position to provide such infrastructure for it's members? Or, since services like this will naturally be necessary, third party companies who specialize in providing the infrastructure needed to run a Supernode will be created to service the network on an international scale?

I think this will not be an incorporation under any existing law, rather we are creating something new.

I do think that there will be a code of conduct for all the members to follow, and that will encompass the creating of new titles, behavior in the meetings, etc.

I want lower-ranking nodes be created by higher-ranking, but also want higher-ranking nodes to have some kind of system to become higher-ranking. I am a cool guy and would rank between Prince and Duke, but I would like even cooler guys to join me now, so that there would not be a gap in the system (it is difficult to raise above the founder).

A join fee of 0.5% of your bitcoin wealth would take care of the needs of the organisation for ever. It is also a good deterrent to have nonrich supernodes. (I mean "Duke" should have 10 million minicoins, and his entry fee is thus 50k minicoins; if all you have is 100,000 minicoins, you don't play Duke).

If there is a travelling supernode going to HK, for example, it is the locals' honorary job to provide an audience/dinner, best quality hotel and environment etc. All depends on the size of the organization though. If the locals are double the visitors, then the locals are hosts and act like ones (In Haikko my delegation exceeded the total number of guests, not only the number of the second biggest delegation). If the travelling delegation is larger than the host, then they do what they want and invite the locals to their party.

Also, I was wondering if Roni was still in your employ? If so, do you have him working on getting the network established? I assume he would be instrumental in getting the project going since you have worked with him in the past.

Roni is working for my supernode, but my superdone is down and will likely only be re-established in July 7. I hope to have him back, as well as Annina and other key resources that are now smoking their own cigars when I am in the hospital.