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Author Topic: [ALQO] Scalable Payment Network | Swiss Fiat Exchange: Bitfineon | Liberio dApp  (Read 86080 times)
Islapdonkey
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April 06, 2018, 11:12:47 PM
Last edit: April 06, 2018, 11:58:34 PM by Islapdonkey
 #1221

The community reached out to us, that Miners should receive less in order to stabilize the Price and Network which is lead by Dumping Miners right now. After this we decided to double the Masternode Rewards and take the Developers Fee from the Mining stake. Update this week.

could you expand on this more? also there is no vote?
is the mining reward going to be halved + dev fee from mining in order to double the masternode rewards?
what reasoning is there for masternode operators to not dump their rewarded coins?
I think that if staking was introduced now it would give miners incentive to hold their coins and accumulate for masternodes instead of dumping because they would be rewarded along the way.

full disclosure i am a miner, however i havent dumped any coins and im not sure what miners would at this point (coin value is too low) so i dont think its that driving the price down. if i were to mine coins just to dump for max profit and not speculate for long term gains, i wouldnt be mining alqo.

The reason for mn owners not to dump their coins is the reward they get for providing their mn - simple as that. As a miner you normally have the profit/loss ration in mind when mining (meaning: investment vs. output). So if you would be interested in SHORT TERM profits it would make no sense to run a mn. The miner on the other hand can sell anytime he's in the green.

On another topic: what's up with the three stage update? There will be another ANN, when it is rolled out, right?

thats kind of what i was getting at with the masternode profits, theyre still profits that can be sold off (not talking about the 10,000 xlq required to hold the node). in this case theyre just moving reward from one userbase to the other, miners to masternode holders. profits are profits whether theyre earned from mining or a masternode and could be dumped just the same.
This is why i suggested that if staking was implemented sooner it would give miners an incentive to hold onto the coins they have mined.

not to mention at the current price i dont think miners alone can be blamed for the continuing decline, i cant imagine anyone would mine XLQ to sell at these prices (im hodling what ive mined over the past few months).

im not saying their decision to increase MN rewards and reduce miner reward is right or wrong. just opening discussion on why this change might not have the outcome they intended and trying to figure out how this will affect things long term.

also why wasnt this decision put to a vote?

that makes absolutely no sense. if an individual has enough to run a masternode, he or she has no incentive to hold on to his rewards unless he is trying to save up for another masternode and even in that situation, if someone wants another masternode, they more than likely to buy the bulk of their coin of the market cos waiting to save up for another masternode strictly of MN rewards will take a really long time. So if anything a Mn owner is more inclined to sell cos they not taking any loss if they already have their MN. It's all gain, while a miner has to take account of the current spending to make sure they earning a profit and if BTC prices keep falling and the market continues on the downtrend with time their profit will be heavily affected to where they not so inclined to sell while a MN owner has little to no cost. Just the cost of maintainin the VPN if they are using one.

agreed. maybe alqo team has no mining rigs and wants more reward from the masternodes they hold...

I really don't think that's the reason. I don't know wether the team is mining or not, but they deserve some credit for their work done. Sure there is the dev-fee now, but running an exchange and listing on other exchanges + paying devs and community members is expensive.

to be honest, i think if there would have been a vote, the change sure would be accepted. (MN are by far the largest holder)


We go around touting an affinity for decentralization, but stay mum when the dev decides on such an important change without an input from the community. My guess is the the crew own the highest amount of masternode in the community. however, the coin would be nothing without the miners. Anyway, the players will just switch their game format, it's actually cheaper to accrue thru MN but i seriously believe the jump in price is temporary.

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Dormis
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April 07, 2018, 09:22:39 AM
 #1222

This implies that we will not be changing the consensus algorithm as one of our main goals is still to attract investors into masternodes, rather than into staking.what will mn investor get in a few months?
bagholding basicly
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April 07, 2018, 09:25:47 AM
 #1223

I'm not sure ALQO devs thought regarding their reward structure too well, considering market fluctuation.ALQO should take a page out of BSD playbook, hard to mine, and rewards are only affected by # of MNs.
BSD's got a smart reward structure that discourages dumping and it is not a secret... I think ALQO wanted to have thousands of MNs to sustain the network; and thought the price is gonna blow up in 2018, they didn't see the BS with regulation, taxes, MtGox etc.
Everything works in a 'lab', once it hits the real world all of a sudden there's leaks all over the place
I'm not trying to be an asshole or a negative Ned, just talking and adding to the discussion.
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April 07, 2018, 11:10:50 AM
 #1224


could you expand on this more? also there is no vote?
is the mining reward going to be halved + dev fee from mining in order to double the masternode rewards?
what reasoning is there for masternode operators to not dump their rewarded coins?
I think that if staking was introduced now it would give miners incentive to hold their coins and accumulate for masternodes instead of dumping because they would be rewarded along the way.

full disclosure i am a miner, however i havent dumped any coins and im not sure what miners would at this point (coin value is too low) so i dont think its that driving the price down. if i were to mine coins just to dump for max profit and not speculate for long term gains, i wouldnt be mining alqo.

was not around the last 2 days - so wasnt able to answer your question sorry.

The reward scheme will be changed to MN:Miners:Devfee : 60:35:5%.

There is always the other side of a coin. From a Miners perspective this change is bad. For Masternode owners its good. The community (at least a decent part of it) reached out to the devs to do something against the dumping of coins. They were not convinced if it makes sense to distribute the rewards differently as they would be anyhow created and prone to be dumped into the market.

Nevertheless with the impression in mind that miners are more likely to dump, as they have to cover their expenses, compared to the masternode owners who are less likely to dump (they will do it too - thats for sure) we've decided together that a slight shift of rewards from miners to masternode owners might be beneficial to the overall "sell pressure".

I know of a couple of miners who mine for the long term hold but most dont. Most miner simply mine to make profit - well thats business and they cannot be blamed for it.
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April 07, 2018, 03:13:30 PM
 #1225

The new community weekly is out. Have a check and dont miss out on your weekly dose of ALQO.
Giveaway participation recommended but not mandatory  Grin

https://youtu.be/RTVlvvwzI2o
22naru
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April 07, 2018, 03:43:16 PM
 #1226

We've successfully tested the protocolversion 70714 with clientversion 3.0 (Pre-Liberio).

Everyone is now able to update their daemons by self-compiling the latest github-sourcecode which can be found under https://github.com/ALQOCRYPTO/ALQO

For everyone running a mining-pool we also added a new repositorie with the changed stratum-source to fit the needed and latest changes on the blocktemplate (developer-fee).
https://github.com/ALQOCRYPTO/Stratum

Please keep in mind that it's important to update your masternodes within the next 7 days to be sure everything is working fine.

As always we are going to announce a step-by-step guide with an auto-update tool within the next hours as well as the pre-compiled binaries.

Official Hosting Service users DO NOT need to update - we are going to supply the updates to all hosted servers within the next days.

The new QT version will be released latest tomorrow evening with some changes to remove the privacy-feature UI's and some general fixes.

This update includes the latest reward-distribution changes, HyperSend features as well as the developer fee integration.
https://explorer.alqo.org/wallet/devfee

We thank you for your understanding and appreciate your support.



when we can expect the guide step by step? looking forward for your reply.
Islapdonkey
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April 07, 2018, 05:01:24 PM
 #1227


could you expand on this more? also there is no vote?
is the mining reward going to be halved + dev fee from mining in order to double the masternode rewards?
what reasoning is there for masternode operators to not dump their rewarded coins?
I think that if staking was introduced now it would give miners incentive to hold their coins and accumulate for masternodes instead of dumping because they would be rewarded along the way.

full disclosure i am a miner, however i havent dumped any coins and im not sure what miners would at this point (coin value is too low) so i dont think its that driving the price down. if i were to mine coins just to dump for max profit and not speculate for long term gains, i wouldnt be mining alqo.

was not around the last 2 days - so wasnt able to answer your question sorry.

The reward scheme will be changed to MN:Miners:Devfee : 60:35:5%.

There is always the other side of a coin. From a Miners perspective this change is bad. For Masternode owners its good. The community (at least a decent part of it) reached out to the devs to do something against the dumping of coins. They were not convinced if it makes sense to distribute the rewards differently as they would be anyhow created and prone to be dumped into the market.

Nevertheless with the impression in mind that miners are more likely to dump, as they have to cover their expenses, compared to the masternode owners who are less likely to dump (they will do it too - thats for sure) we've decided together that a slight shift of rewards from miners to masternode owners might be beneficial to the overall "sell pressure".

I know of a couple of miners who mine for the long term hold but most dont. Most miner simply mine to make profit - well thats business and they cannot be blamed for it.

  So you believe that an individual who has a daily expense to cover is more likely to dump in a bear market and possibly take a loss than an individual who has zero expense. Like you said there is always the other side of the coin.

  Anyway, am really active on all your social sites and am not sure about that (decent community input) quote. Sure i saw a few ppl complain but it would be absurd to claim that it was a majority of the community. The least you could have done was to take a vote. You use it for everything else but in this case choose to take matters into your hand. Anyway, this won't stop the dump in the long run, if anything you just made it easier cos MN owners don't give a fuck about the current price and how it affect their earning, it's always 100% gain for them.

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  Semux uses 100% original codebase
  Superfast with 30 seconds instant finality
  Tested 5000 tx per block on open network
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ron1989
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April 07, 2018, 05:24:46 PM
 #1228


could you expand on this more? also there is no vote?
is the mining reward going to be halved + dev fee from mining in order to double the masternode rewards?
what reasoning is there for masternode operators to not dump their rewarded coins?
I think that if staking was introduced now it would give miners incentive to hold their coins and accumulate for masternodes instead of dumping because they would be rewarded along the way.

full disclosure i am a miner, however i havent dumped any coins and im not sure what miners would at this point (coin value is too low) so i dont think its that driving the price down. if i were to mine coins just to dump for max profit and not speculate for long term gains, i wouldnt be mining alqo.

was not around the last 2 days - so wasnt able to answer your question sorry.

The reward scheme will be changed to MN:Miners:Devfee : 60:35:5%.

There is always the other side of a coin. From a Miners perspective this change is bad. For Masternode owners its good. The community (at least a decent part of it) reached out to the devs to do something against the dumping of coins. They were not convinced if it makes sense to distribute the rewards differently as they would be anyhow created and prone to be dumped into the market.

Nevertheless with the impression in mind that miners are more likely to dump, as they have to cover their expenses, compared to the masternode owners who are less likely to dump (they will do it too - thats for sure) we've decided together that a slight shift of rewards from miners to masternode owners might be beneficial to the overall "sell pressure".

I know of a couple of miners who mine for the long term hold but most dont. Most miner simply mine to make profit - well thats business and they cannot be blamed for it.

  So you believe that an individual who has a daily expense to cover is more likely to dump in a bear market and possibly take a loss than an individual who has zero expense. Like you said there is always the other side of the coin.

  Anyway, am really active on all your social sites and am not sure about that (decent community input) quote. Sure i saw a few ppl complain but it would be absurd to claim that it was a majority of the community. The least you could have done was to take a vote. You use it for everything else but in this case choose to take matters into your hand. Anyway, this won't stop the dump in the long run, if anything you just made it easier cos MN owners don't give a fuck about the current price and how it affect their earning, it's always 100% gain for them.

agreed. not to mention the amount of network hashrate youre going to lose from cutting miner rewards, at current prices it would be a loss to mine alqo after expenses. nobody will mine alqo.
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April 08, 2018, 05:09:33 PM
 #1229

The bear market is strong
Time to invest

Crypto-Beratung und Hilfe bei allen möglichen Crypto-Projekten oder Problemen! https://phash.de
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April 08, 2018, 06:28:47 PM
 #1230


could you expand on this more? also there is no vote?
is the mining reward going to be halved + dev fee from mining in order to double the masternode rewards?
what reasoning is there for masternode operators to not dump their rewarded coins?
I think that if staking was introduced now it would give miners incentive to hold their coins and accumulate for masternodes instead of dumping because they would be rewarded along the way.

full disclosure i am a miner, however i havent dumped any coins and im not sure what miners would at this point (coin value is too low) so i dont think its that driving the price down. if i were to mine coins just to dump for max profit and not speculate for long term gains, i wouldnt be mining alqo.

was not around the last 2 days - so wasnt able to answer your question sorry.

The reward scheme will be changed to MN:Miners:Devfee : 60:35:5%.

There is always the other side of a coin. From a Miners perspective this change is bad. For Masternode owners its good. The community (at least a decent part of it) reached out to the devs to do something against the dumping of coins. They were not convinced if it makes sense to distribute the rewards differently as they would be anyhow created and prone to be dumped into the market.

Nevertheless with the impression in mind that miners are more likely to dump, as they have to cover their expenses, compared to the masternode owners who are less likely to dump (they will do it too - thats for sure) we've decided together that a slight shift of rewards from miners to masternode owners might be beneficial to the overall "sell pressure".

I know of a couple of miners who mine for the long term hold but most dont. Most miner simply mine to make profit - well thats business and they cannot be blamed for it.

  So you believe that an individual who has a daily expense to cover is more likely to dump in a bear market and possibly take a loss than an individual who has zero expense. Like you said there is always the other side of the coin.

  Anyway, am really active on all your social sites and am not sure about that (decent community input) quote. Sure i saw a few ppl complain but it would be absurd to claim that it was a majority of the community. The least you could have done was to take a vote. You use it for everything else but in this case choose to take matters into your hand. Anyway, this won't stop the dump in the long run, if anything you just made it easier cos MN owners don't give a fuck about the current price and how it affect their earning, it's always 100% gain for them.

Why do mn owners do not have expenses and 100% gain? First of all, they have to buy the 10k alqo, which is ATM around 2700$. They also have to buy/rent the infrastructure (mainly vps), which is not much, but still. The break even of a mn is ATM 467 days https://mnprofits.com/alqo. So in my opinion there is no incentive currently to dump alqo. If anything, mn owners wait for the price to recover and then might get to a break even point, when selling of their earned alqo.

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April 08, 2018, 08:06:14 PM
 #1231

Have a nice day for the project  Smiley
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April 09, 2018, 12:22:04 AM
 #1232

Trying to get a masternode up but status continually keeps changing to MISSING after a while and the "Active" field never changes from  00m:00s .

Any idea what I'm doing wrong? can't seem to find an answer anywhere.
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April 09, 2018, 09:35:45 AM
 #1233

Trying to get a masternode up but status continually keeps changing to MISSING after a while and the "Active" field never changes from  00m:00s .

Any idea what I'm doing wrong? can't seem to find an answer anywhere.
News Discord!
We've made some last changes and are now officially releasing the new version including the new QT.

Please update your local QT as well as your masternode as soon as possible but latest within 5 days.

As always you can find the latest versions on our builds-page: https://builds.alqo.org/

Directdownload: https://github.com/ALQOCRYPTO/ALQO/releases/download/v3.0/alqo-qt.exe

We are going to update the Official Hosting Service masternodes tomorrow during the day - please check back your masternodes after that.

Join Discord: https://discord.gg/VyGzZH6
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April 09, 2018, 12:37:34 PM
 #1234

Update in combination with new wallet worked fine.
It seems normal that, after updating the mn to protocol 70714, the active time starts again from zero. Do the mns start from scratch and have to wait again for 50h to get their first payout or is this just normal and the payouts proceed as usual?

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April 09, 2018, 03:36:00 PM
 #1235

Update in combination with new wallet worked fine.
It seems normal that, after updating the mn to protocol 70714, the active time starts again from zero. Do the mns start from scratch and have to wait again for 50h to get their first payout or is this just normal and the payouts proceed as usual?
UPDATE REGARDING THE UPDATE:
We've resupplied all binaries. After internal tests the masternode are automatically restarting after the update using the latest binaries.

You can still use the updater above as well as all download-links from above.

We've changed protocol-version back to 70713 and will automatically change the protocol-version with a later block without affecting the network or masternodes.
However. All features are still implemented as announced just with protocol 70713 and NOT 70714.

Daemon and clientversion should still be v3.0.0.1

We thank you for your understanding and appreciate everyone reporting any issue.

Greetings
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April 10, 2018, 09:48:42 AM
 #1236


Hi! Your project is looking very great. So I can consider to join your ICO - but can you tell me please what kind of hard and soft cap?
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April 10, 2018, 10:02:30 AM
 #1237


Hi! Your project is looking very great. So I can consider to join your ICO - but can you tell me please what kind of hard and soft cap?


is this new kind of bot?
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April 10, 2018, 02:07:59 PM
 #1238

FROM DISCORD CHAT

Kaan "KainLTD" Hamarat - Today at 6:42 AM
@everyone Regarding Coinsmarkets.com

Since there are rumours that Coinsmarkets is dumping the market I, Kaan Hamarat, wanted to do a statement about this.

We don't know for 100% that they are dumping ALQO, but the chances are pretty high.
Whilst we are involved in the electra lawsuit, it seems like it has no effect for them to release our alqo at this point.

We have, today, sent them an email to immediately release ALQO and we are putting up some pressure, but thats mostly everything we can do.

If you want to help, try sending them also an email to :

support@coinsmarkets.com or webmaster@coinsmarkets.com

It might help putting up even more pressure.

Sorry for this message, we will try our best in this case.
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April 10, 2018, 02:18:37 PM
 #1239

Oh I wanna have the link of the whitepaper Shocked

You could just check out the first page of this ANN, but here you go:

Website: https://alqo.org

Whitepaper: https://alqo.org/whitepaper.pdf
Whitepaper Github: https://github.com/ALQOCRYPTO/ALQO/wiki/Whitepaper

ANN Translations
Russian : https://bitcointalk.org/index.php?topic=2362240
Indonesian : https://bitcointalk.org/index.php?topic=2388624
German : https://bitcointalk.org/index.php?topic=2498463
Chinese: https://bitcointalk.org/index.php?topic=3168183

Whitepaper Translations
German : https://alqo.org/whitepaper_german.pdf

and @sacsweccallde: This is not an ICO! and:
PoW Max Coin Output/Supply: 57,879,300
PoW ending: In ~ ca. 330 Days

Afterwards, the PoS phase will launch and, as far as i know, will be indefinite.

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22naru
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April 10, 2018, 03:53:22 PM
 #1240

from discord

Moritz "Moh" Heimberg - Today at 5:52 PM
Pools can now update. We have fixed the issue!!
@everyone(edited)
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