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Author Topic: 🚀[ANN] POLIS | Proof-of-Stake and Masternodes | Decentralized |  (Read 50030 times)
redsun17
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January 04, 2018, 04:45:01 PM
Last edit: January 04, 2018, 04:58:57 PM by redsun17
 #401

Miners need to regularly monitor their pools and payouts, to make sure they are mining on the right chain.  Any investment - money or hashpower - is ultimately at the investor's risk.  When you are mining a brand new coin, pools drop in and out regularly.  Mining any coin that is less than 6 months old involves checking payouts several times a day to make sure the pool is working.

Now, should the dev team try its best to monitor pools too and inform them of forks?  Yes, of course.  But that doesn't somehow make them responsible for rogue pools that refuse to get on the right fork even after being told to do so.  Maybe this will put some of you off, and make you want to go to other coins that more carefully monitor their pools and have devs that communicate better.  That's okay - you should mine a less risky coin if that's what you want, but your rewards will also be lower.  POLIS is FIFTEEN DAYS OLD.  There will be risks and growing pains.  The reward is much higher because these risks make other investors and miners stay away.

Those looking to get one week of MPOS mining back are just trying to get all the upside of POLIS' riskiness without suffering the consequences of risk.  You took the risk by mining on MPOS, whether or not the dev team could have communicated better.  But now that the coin is worth millions, you want to erase the past risk you took.  That make no sense.  I think MPOS miners should be compensated for any mining they did in the first 24 hours after the fork was discovered.  But anyone mining after that just isn't paying attention, and isn't properly managing risk.


Let's take a look at this coin's FUTURE, not the PAST.  From what I've learned on discord and seen elsewhere, this is what POLIS has done in FIFTEEN DAYS:

1) POLIS is on CoinsMarkets, which is having some trouble for the whole exchange (upgrading servers), but last price was about 60-80k sats ($9-12, average of $10.5).
2) POLIS is also on TradeSatoshi and Stocks.Exchange.  These exchanges have very little activity (which makes sense, because supply of POLIS is super low, no one wants to sell).  
--> So POLIS has gotten onto three exchanges that are good for early altcoins

3) POLIS Cryptopia listing has been paid, and is expected within 1-2 weeks (according to dev team - remember there is always a risk that something goes wrong, no listing is final until listed)
-->So we have potential to get a huge volume boost very soon, and hopefully this will keep the price at $10.5 or maybe rocket it higher

4) POLIS is already on https://masternodes.online/currencies/POLIS/
5) POLIS is being added to https://masternodes.pro (See "Coming Soon" tab)
6) Several community members have made Coinmarketcap requests
-->So marketing is very aggressive.

In another 2 weeks, this coin will be ~1 month old.  If everything works out - and I can't promise it will, there is always RISK with altcoins - it will be a one-month old coin on Cryptopia+3 other exchanges, with multiple listings on masternode ranking sites and Coinmarketcap.  

There is always a TRADEOFF.  Yes, the dev could have monitored/communicated better. But then the dev might not have accomplished the 6 things listed above.  There would be smoother mining, but the coin being mined might not be getting on four exchanges and 3 marketing sites, because dev would need to spend effort monitoring pools.  That effort has to come from somewhere.


I'll let you all decide for yourselves if you want to quit POLIS just because MPOS pool dev ran off on December 28 and miners didn't check their payouts every day like they should have on a coin LESS THAN TWO WEEKS OLD.  Yes, it suggests shitty communication from devs - that LOWERS the value of POLIS because many people wil ragequit and FUD, and there will be LEGITIMATE concerns about communication.  But the dev is working on other stuff and accomplishing a lot - that RAISES the value of POLIS.  It's up to you to decide which effect is bigger.

Edit: And to those who will inevitably respond that this is still the POLIS dev's fault: okay, let's say that.  Let's say (just for the sake of argument, I don't agree) 100% the dev made a HUGE mistake by not getting you to stop mining on POLIS on MPOS, by not doing a better job communicating it should be removed, by leaving it in the ANN (if that's true), and that the dev is offering zero compensation for the mistake (if that's true).  That's really really bad.  It suggests bad communication, not caring about miners, etc. etc.  You would be right about all that.  This DOES reduce the value of POLIS a lot.  But because of everything else the coin has accomplished, it's still looking like it could be successful.  Coins can succeed with bad dev teams.

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January 04, 2018, 05:29:03 PM
 #402

Miners need to regularly monitor their pools and payouts, to make sure they are mining on the right chain.  Any investment - money or hashpower - is ultimately at the investor's risk.  When you are mining a brand new coin, pools drop in and out regularly.  Mining any coin that is less than 6 months old involves checking payouts several times a day to make sure the pool is working.

Now, should the dev team try its best to monitor pools too and inform them of forks?  Yes, of course.  But that doesn't somehow make them responsible for rogue pools that refuse to get on the right fork even after being told to do so.  Maybe this will put some of you off, and make you want to go to other coins that more carefully monitor their pools and have devs that communicate better.  That's okay - you should mine a less risky coin if that's what you want, but your rewards will also be lower.  POLIS is FIFTEEN DAYS OLD.  There will be risks and growing pains.  The reward is much higher because these risks make other investors and miners stay away.

Those looking to get one week of MPOS mining back are just trying to get all the upside of POLIS' riskiness without suffering the consequences of risk.  You took the risk by mining on MPOS, whether or not the dev team could have communicated better.  But now that the coin is worth millions, you want to erase the past risk you took.  That make no sense.  I think MPOS miners should be compensated for any mining they did in the first 24 hours after the fork was discovered.  But anyone mining after that just isn't paying attention, and isn't properly managing risk.


Let's take a look at this coin's FUTURE, not the PAST.  From what I've learned on discord and seen elsewhere, this is what POLIS has done in FIFTEEN DAYS:

1) POLIS is on CoinsMarkets, which is having some trouble for the whole exchange (upgrading servers), but last price was about 60-80k sats ($9-12, average of $10.5).
2) POLIS is also on TradeSatoshi and Stocks.Exchange.  These exchanges have very little activity (which makes sense, because supply of POLIS is super low, no one wants to sell).  
--> So POLIS has gotten onto three exchanges that are good for early altcoins

3) POLIS Cryptopia listing has been paid, and is expected within 1-2 weeks (according to dev team - remember there is always a risk that something goes wrong, no listing is final until listed)
-->So we have potential to get a huge volume boost very soon, and hopefully this will keep the price at $10.5 or maybe rocket it higher

4) POLIS is already on https://masternodes.online/currencies/POLIS/
5) POLIS is being added to https://masternodes.pro (See "Coming Soon" tab)
6) Several community members have made Coinmarketcap requests
-->So marketing is very aggressive.

In another 2 weeks, this coin will be ~1 month old.  If everything works out - and I can't promise it will, there is always RISK with altcoins - it will be a one-month old coin on Cryptopia+3 other exchanges, with multiple listings on masternode ranking sites and Coinmarketcap.  

There is always a TRADEOFF.  Yes, the dev could have monitored/communicated better. But then the dev might not have accomplished the 6 things listed above.  There would be smoother mining, but the coin being mined might not be getting on four exchanges and 3 marketing sites, because dev would need to spend effort monitoring pools.  That effort has to come from somewhere.


I'll let you all decide for yourselves if you want to quit POLIS just because MPOS pool dev ran off on December 28 and miners didn't check their payouts every day like they should have on a coin LESS THAN TWO WEEKS OLD.  Yes, it suggests shitty communication from devs - that LOWERS the value of POLIS because many people wil ragequit and FUD, and there will be LEGITIMATE concerns about communication.  But the dev is working on other stuff and accomplishing a lot - that RAISES the value of POLIS.  It's up to you to decide which effect is bigger.

Edit: And to those who will inevitably respond that this is still the POLIS dev's fault: okay, let's say that.  Let's say (just for the sake of argument, I don't agree) 100% the dev made a HUGE mistake by not getting you to stop mining on POLIS on MPOS, by not doing a better job communicating it should be removed, by leaving it in the ANN (if that's true), and that the dev is offering zero compensation for the mistake (if that's true).  That's really really bad.  It suggests bad communication, not caring about miners, etc. etc.  You would be right about all that.  This DOES reduce the value of POLIS a lot.  But because of everything else the coin has accomplished, it's still looking like it could be successful.  Coins can succeed with bad dev teams.

wow guess its good time to stocks up on polis and looking for it going to the moon! HODL is what i do
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January 04, 2018, 06:30:11 PM
 #403

Hashrate is almost 46 TH/s?  http://block.polispay.org

I thought it was like 24 TH/s yesterday.  Can this be right, it almost doubled?  Or am I measuring something wrong?

Whatever happened in the past, everyone please please make sure you are on the right pools going forward.  I'll leave the rest of you to sort out the MPOS issue.

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January 04, 2018, 08:27:43 PM
 #404

Its because the mistake from https://www.crypto-coinz.net/crypto-calculator/     they are using wrong exchange and profit is wrong calculated... But all belive it..
It makes under 5$ per day  now with 1d3
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January 04, 2018, 08:32:20 PM
 #405

WTS 2 Polis Masternodes, 1 BTC each, escrow required.
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January 04, 2018, 08:45:30 PM
 #406

Coinsmarkets boommmmm..
Was 2 days, not login
Everytime have error message
Coinsmarkets boommm, polis Coin boommm
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January 04, 2018, 08:54:08 PM
 #407

Still problem with coins being stolen from MN?  Seems too good to be true.  I don't like this rumor.
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January 04, 2018, 08:59:03 PM
 #408

Still problem with coins being stolen from MN?  Seems too good to be true.  I don't like this rumor.

Coinsmarkets.com will be back, anyone who watched their daily volume over the last month knows they needed a server upgrade soon.

Someone on discord said yesterday or day before that they checked 100 blocks and MN rewards were fine.  Then, someone reported one block with stolen MN reward.  My understanding is that they get stolen from improperly configured MNs, and that this happens very rarely.  Even if it's 5% of blocks, the impact on Roi is small and Roi remains very high.

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January 04, 2018, 09:02:13 PM
 #409

Miners need to regularly monitor their pools and payouts, to make sure they are mining on the right chain.  Any investment - money or hashpower - is ultimately at the investor's risk.  When you are mining a brand new coin, pools drop in and out regularly.  Mining any coin that is less than 6 months old involves checking payouts several times a day to make sure the pool is working.

Now, should the dev team try its best to monitor pools too and inform them of forks?  Yes, of course.  But that doesn't somehow make them responsible for rogue pools that refuse to get on the right fork even after being told to do so.  Maybe this will put some of you off, and make you want to go to other coins that more carefully monitor their pools and have devs that communicate better.  That's okay - you should mine a less risky coin if that's what you want, but your rewards will also be lower.  POLIS is FIFTEEN DAYS OLD.  There will be risks and growing pains.  The reward is much higher because these risks make other investors and miners stay away.

Those looking to get one week of MPOS mining back are just trying to get all the upside of POLIS' riskiness without suffering the consequences of risk.  You took the risk by mining on MPOS, whether or not the dev team could have communicated better.  But now that the coin is worth millions, you want to erase the past risk you took.  That make no sense.  I think MPOS miners should be compensated for any mining they did in the first 24 hours after the fork was discovered.  But anyone mining after that just isn't paying attention, and isn't properly managing risk.


Let's take a look at this coin's FUTURE, not the PAST.  From what I've learned on discord and seen elsewhere, this is what POLIS has done in FIFTEEN DAYS:

1) POLIS is on CoinsMarkets, which is having some trouble for the whole exchange (upgrading servers), but last price was about 60-80k sats ($9-12, average of $10.5).
2) POLIS is also on TradeSatoshi and Stocks.Exchange.  These exchanges have very little activity (which makes sense, because supply of POLIS is super low, no one wants to sell).  
--> So POLIS has gotten onto three exchanges that are good for early altcoins

3) POLIS Cryptopia listing has been paid, and is expected within 1-2 weeks (according to dev team - remember there is always a risk that something goes wrong, no listing is final until listed)
-->So we have potential to get a huge volume boost very soon, and hopefully this will keep the price at $10.5 or maybe rocket it higher

4) POLIS is already on https://masternodes.online/currencies/POLIS/
5) POLIS is being added to https://masternodes.pro (See "Coming Soon" tab)
6) Several community members have made Coinmarketcap requests
-->So marketing is very aggressive.

In another 2 weeks, this coin will be ~1 month old.  If everything works out - and I can't promise it will, there is always RISK with altcoins - it will be a one-month old coin on Cryptopia+3 other exchanges, with multiple listings on masternode ranking sites and Coinmarketcap.  

There is always a TRADEOFF.  Yes, the dev could have monitored/communicated better. But then the dev might not have accomplished the 6 things listed above.  There would be smoother mining, but the coin being mined might not be getting on four exchanges and 3 marketing sites, because dev would need to spend effort monitoring pools.  That effort has to come from somewhere.


I'll let you all decide for yourselves if you want to quit POLIS just because MPOS pool dev ran off on December 28 and miners didn't check their payouts every day like they should have on a coin LESS THAN TWO WEEKS OLD.  Yes, it suggests shitty communication from devs - that LOWERS the value of POLIS because many people wil ragequit and FUD, and there will be LEGITIMATE concerns about communication.  But the dev is working on other stuff and accomplishing a lot - that RAISES the value of POLIS.  It's up to you to decide which effect is bigger.

Edit: And to those who will inevitably respond that this is still the POLIS dev's fault: okay, let's say that.  Let's say (just for the sake of argument, I don't agree) 100% the dev made a HUGE mistake by not getting you to stop mining on POLIS on MPOS, by not doing a better job communicating it should be removed, by leaving it in the ANN (if that's true), and that the dev is offering zero compensation for the mistake (if that's true).  That's really really bad.  It suggests bad communication, not caring about miners, etc. etc.  You would be right about all that.  This DOES reduce the value of POLIS a lot.  But because of everything else the coin has accomplished, it's still looking like it could be successful.  Coins can succeed with bad dev teams.

what polis really did:
1) some forks out of nowhere ( i was in contact with one pool operators, who got more grey hair between the years than it should have been)
2) a strange change in the concept from 25% mn reward to officially 75% reward
3) after pointing that it is not 75% reward (claiming that it was the communities will) the ann was simply changed to 80%.
4) pumping this coin to get on top of masternode.online by just switching the MN reward

so tell me this is not a scam

a) no white paper
b) dev acting at his own will
c) pumps from outer space

any questions?

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January 04, 2018, 10:27:06 PM
 #410

Where are the instructions to manually setup an MN? the script from github doesnt work
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January 05, 2018, 12:01:52 AM
 #411

with all that drama i would really consider two times to invest in this coin.
i guess the main problem is the algo, how long will pow mining continue?

Where are the instructions to manually setup an MN? the script from github doesnt work

you can check most other masternode guides

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January 05, 2018, 12:37:39 AM
 #412

Where are the instructions to manually setup an MN? the script from github doesnt work
https://steemit.com/desire/@giothenics/desire-new-altcoin-masternode-setup
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January 05, 2018, 12:45:58 AM
 #413

Miners need to regularly monitor their pools and payouts, to make sure they are mining on the right chain.  Any investment - money or hashpower - is ultimately at the investor's risk.  When you are mining a brand new coin, pools drop in and out regularly.  Mining any coin that is less than 6 months old involves checking payouts several times a day to make sure the pool is working.

Now, should the dev team try its best to monitor pools too and inform them of forks?  Yes, of course.  But that doesn't somehow make them responsible for rogue pools that refuse to get on the right fork even after being told to do so.  Maybe this will put some of you off, and make you want to go to other coins that more carefully monitor their pools and have devs that communicate better.  That's okay - you should mine a less risky coin if that's what you want, but your rewards will also be lower.  POLIS is FIFTEEN DAYS OLD.  There will be risks and growing pains.  The reward is much higher because these risks make other investors and miners stay away.

Those looking to get one week of MPOS mining back are just trying to get all the upside of POLIS' riskiness without suffering the consequences of risk.  You took the risk by mining on MPOS, whether or not the dev team could have communicated better.  But now that the coin is worth millions, you want to erase the past risk you took.  That make no sense.  I think MPOS miners should be compensated for any mining they did in the first 24 hours after the fork was discovered.  But anyone mining after that just isn't paying attention, and isn't properly managing risk.


Let's take a look at this coin's FUTURE, not the PAST.  From what I've learned on discord and seen elsewhere, this is what POLIS has done in FIFTEEN DAYS:

1) POLIS is on CoinsMarkets, which is having some trouble for the whole exchange (upgrading servers), but last price was about 60-80k sats ($9-12, average of $10.5).
2) POLIS is also on TradeSatoshi and Stocks.Exchange.  These exchanges have very little activity (which makes sense, because supply of POLIS is super low, no one wants to sell). 
--> So POLIS has gotten onto three exchanges that are good for early altcoins

3) POLIS Cryptopia listing has been paid, and is expected within 1-2 weeks (according to dev team - remember there is always a risk that something goes wrong, no listing is final until listed)
-->So we have potential to get a huge volume boost very soon, and hopefully this will keep the price at $10.5 or maybe rocket it higher

4) POLIS is already on https://masternodes.online/currencies/POLIS/
5) POLIS is being added to https://masternodes.pro (See "Coming Soon" tab)
6) Several community members have made Coinmarketcap requests
-->So marketing is very aggressive.

In another 2 weeks, this coin will be ~1 month old.  If everything works out - and I can't promise it will, there is always RISK with altcoins - it will be a one-month old coin on Cryptopia+3 other exchanges, with multiple listings on masternode ranking sites and Coinmarketcap. 

There is always a TRADEOFF.  Yes, the dev could have monitored/communicated better. But then the dev might not have accomplished the 6 things listed above.  There would be smoother mining, but the coin being mined might not be getting on four exchanges and 3 marketing sites, because dev would need to spend effort monitoring pools.  That effort has to come from somewhere.


I'll let you all decide for yourselves if you want to quit POLIS just because MPOS pool dev ran off on December 28 and miners didn't check their payouts every day like they should have on a coin LESS THAN TWO WEEKS OLD.  Yes, it suggests shitty communication from devs - that LOWERS the value of POLIS because many people wil ragequit and FUD, and there will be LEGITIMATE concerns about communication.  But the dev is working on other stuff and accomplishing a lot - that RAISES the value of POLIS.  It's up to you to decide which effect is bigger.

Edit: And to those who will inevitably respond that this is still the POLIS dev's fault: okay, let's say that.  Let's say (just for the sake of argument, I don't agree) 100% the dev made a HUGE mistake by not getting you to stop mining on POLIS on MPOS, by not doing a better job communicating it should be removed, by leaving it in the ANN (if that's true), and that the dev is offering zero compensation for the mistake (if that's true).  That's really really bad.  It suggests bad communication, not caring about miners, etc. etc.  You would be right about all that.  This DOES reduce the value of POLIS a lot.  But because of everything else the coin has accomplished, it's still looking like it could be successful.  Coins can succeed with bad dev teams.

what polis really did:
1) some forks out of nowhere ( i was in contact with one pool operators, who got more grey hair between the years than it should have been)
2) a strange change in the concept from 25% mn reward to officially 75% reward
3) after pointing that it is not 75% reward (claiming that it was the communities will) the ann was simply changed to 80%.
4) pumping this coin to get on top of masternode.online by just switching the MN reward

so tell me this is not a scam

a) no white paper
b) dev acting at his own will
c) pumps from outer space

any questions?


@redsun17 I love you for this post! What a pleasure to read and totally on point!  Smiley

@More.Hash

1) The forks happened because a issue in the initial wallet release was found which required to get urgently fixed. But this caused that most of the nodes were running on different wallet versions, which was complicated by the fact that some nicehash miners pushed the network on the wrong chain.

2) The "strange change of concept" has been discussed with the community and done trough a voting - indeed it happened very fast, but nobody could have known at this moment, that this coin gets that much attention that early and were listed on several pools right from the first day as well as on coinsmarkets - so everything happened way too fast that it was running really stable. But it is now - the dev allready fixed issues, other x11 coins do not even know they have got. ^^

3) The original block reward = 10. So 2,5 were going to the masternode and 7,5 were going to the miner. (25% / 75%).

Because of the really fast growing number of masternodes (194 at the moment i'm writing) the dev asked the community if he should change the rewards - and the community voted for it.

So the the block reward was initially changed to = 20. So 5 were going to the masternode and 15 were going to the miners (25 / 75%). And then he changed it to 15 to the masternodes and 5 to the miners as requested by the community.

I don't know exactly why it has changed to 4 to the miner 16 to the masternode (20%/80%) right now, but if you would like to tell me that miners don't accept more then 50% MN rewards, then i must proove you wrong, because Polis is not the first coin that is working with this configuration.

The miners mine everything that is profitable. Why shouldn't they do else? And they always have got the chance of the lucky pow reward and earn a 100 times the usual reward.

About

a) Its a community coin - the community will create the whitepaper together but its still a little bit too early
b) The Dev is always in contact with the community like as well with the pool operators or exchange operators.
c) If some people believe in this project and buy this coin this are "pumps from outher space"? Huh I don't get which alien told you this information!  Cheesy Cheesy Cheesy
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January 05, 2018, 02:21:15 AM
 #414

Miners need to regularly monitor their pools and payouts, to make sure they are mining on the right chain.  Any investment - money or hashpower - is ultimately at the investor's risk.  When you are mining a brand new coin, pools drop in and out regularly.  Mining any coin that is less than 6 months old involves checking payouts several times a day to make sure the pool is working.

Now, should the dev team try its best to monitor pools too and inform them of forks?  Yes, of course.  But that doesn't somehow make them responsible for rogue pools that refuse to get on the right fork even after being told to do so.  Maybe this will put some of you off, and make you want to go to other coins that more carefully monitor their pools and have devs that communicate better.  That's okay - you should mine a less risky coin if that's what you want, but your rewards will also be lower.  POLIS is FIFTEEN DAYS OLD.  There will be risks and growing pains.  The reward is much higher because these risks make other investors and miners stay away.

Those looking to get one week of MPOS mining back are just trying to get all the upside of POLIS' riskiness without suffering the consequences of risk.  You took the risk by mining on MPOS, whether or not the dev team could have communicated better.  But now that the coin is worth millions, you want to erase the past risk you took.  That make no sense.  I think MPOS miners should be compensated for any mining they did in the first 24 hours after the fork was discovered.  But anyone mining after that just isn't paying attention, and isn't properly managing risk.


Let's take a look at this coin's FUTURE, not the PAST.  From what I've learned on discord and seen elsewhere, this is what POLIS has done in FIFTEEN DAYS:

1) POLIS is on CoinsMarkets, which is having some trouble for the whole exchange (upgrading servers), but last price was about 60-80k sats ($9-12, average of $10.5).
2) POLIS is also on TradeSatoshi and Stocks.Exchange.  These exchanges have very little activity (which makes sense, because supply of POLIS is super low, no one wants to sell). 
--> So POLIS has gotten onto three exchanges that are good for early altcoins

3) POLIS Cryptopia listing has been paid, and is expected within 1-2 weeks (according to dev team - remember there is always a risk that something goes wrong, no listing is final until listed)
-->So we have potential to get a huge volume boost very soon, and hopefully this will keep the price at $10.5 or maybe rocket it higher

4) POLIS is already on https://masternodes.online/currencies/POLIS/
5) POLIS is being added to https://masternodes.pro (See "Coming Soon" tab)
6) Several community members have made Coinmarketcap requests
-->So marketing is very aggressive.

In another 2 weeks, this coin will be ~1 month old.  If everything works out - and I can't promise it will, there is always RISK with altcoins - it will be a one-month old coin on Cryptopia+3 other exchanges, with multiple listings on masternode ranking sites and Coinmarketcap. 

There is always a TRADEOFF.  Yes, the dev could have monitored/communicated better. But then the dev might not have accomplished the 6 things listed above.  There would be smoother mining, but the coin being mined might not be getting on four exchanges and 3 marketing sites, because dev would need to spend effort monitoring pools.  That effort has to come from somewhere.


I'll let you all decide for yourselves if you want to quit POLIS just because MPOS pool dev ran off on December 28 and miners didn't check their payouts every day like they should have on a coin LESS THAN TWO WEEKS OLD.  Yes, it suggests shitty communication from devs - that LOWERS the value of POLIS because many people wil ragequit and FUD, and there will be LEGITIMATE concerns about communication.  But the dev is working on other stuff and accomplishing a lot - that RAISES the value of POLIS.  It's up to you to decide which effect is bigger.

Edit: And to those who will inevitably respond that this is still the POLIS dev's fault: okay, let's say that.  Let's say (just for the sake of argument, I don't agree) 100% the dev made a HUGE mistake by not getting you to stop mining on POLIS on MPOS, by not doing a better job communicating it should be removed, by leaving it in the ANN (if that's true), and that the dev is offering zero compensation for the mistake (if that's true).  That's really really bad.  It suggests bad communication, not caring about miners, etc. etc.  You would be right about all that.  This DOES reduce the value of POLIS a lot.  But because of everything else the coin has accomplished, it's still looking like it could be successful.  Coins can succeed with bad dev teams.

what polis really did:
1) some forks out of nowhere ( i was in contact with one pool operators, who got more grey hair between the years than it should have been)
2) a strange change in the concept from 25% mn reward to officially 75% reward
3) after pointing that it is not 75% reward (claiming that it was the communities will) the ann was simply changed to 80%.
4) pumping this coin to get on top of masternode.online by just switching the MN reward

so tell me this is not a scam

a) no white paper
b) dev acting at his own will
c) pumps from outer space

any questions?


@redsun17 I love you for this post! What a pleasure to read and totally on point!  Smiley

@More.Hash

1) The forks happened because a issue in the initial wallet release was found which required to get urgently fixed. But this caused that most of the nodes were running on different wallet versions, which was complicated by the fact that some nicehash miners pushed the network on the wrong chain.

2) The "strange change of concept" has been discussed with the community and done trough a voting - indeed it happened very fast, but nobody could have known at this moment, that this coin gets that much attention that early and were listed on several pools right from the first day as well as on coinsmarkets - so everything happened way too fast that it was running really stable. But it is now - the dev allready fixed issues, other x11 coins do not even know they have got. ^^

3) The original block reward = 10. So 2,5 were going to the masternode and 7,5 were going to the miner. (25% / 75%).

Because of the really fast growing number of masternodes (194 at the moment i'm writing) the dev asked the community if he should change the rewards - and the community voted for it.

So the the block reward was initially changed to = 20. So 5 were going to the masternode and 15 were going to the miners (25 / 75%). And then he changed it to 15 to the masternodes and 5 to the miners as requested by the community.

I don't know exactly why it has changed to 4 to the miner 16 to the masternode (20%/80%) right now, but if you would like to tell me that miners don't accept more then 50% MN rewards, then i must proove you wrong, because Polis is not the first coin that is working with this configuration.

The miners mine everything that is profitable. Why shouldn't they do else? And they always have got the chance of the lucky pow reward and earn a 100 times the usual reward.

About

a) Its a community coin - the community will create the whitepaper together but its still a little bit too early
b) The Dev is always in contact with the community like as well with the pool operators or exchange operators.
c) If some people believe in this project and buy this coin this are "pumps from outher space"? Huh I don't get which alien told you this information!  Cheesy Cheesy Cheesy


 true that! well said and i think most masternodes coins should be like that.. and tom really active in discord so thats  really big help!
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January 05, 2018, 02:30:41 AM
 #415

Everyone - TradeSatoshi and Stocks.Exchange may not be on the right fork, do not use them.

Wait for Cryptopia to be listed and for CoinsMarkets to solve its server issues.

Never ever send money to/from exchange without confirming a small test amount first.

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January 05, 2018, 04:49:58 AM
 #416

Lucky-block #10080 went to pool https://pool.coin-miners.info , congrats!  Although the block was not automatically paid, the dev will be paying the MN and the miners who were mining the block on the pool.  This transaction is easy to verify - for example, https://pool.coin-miners.info/?address=PFm9FLHeEdTT6AG6FSs1491kyD6T59hejn shows this wallet won 71.154% of the hash on the Block 10080, and will be paid accordingly.
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January 05, 2018, 05:03:02 AM
 #417

Lucky-block #10080 went to pool https://pool.coin-miners.info , congrats!  Although the block was not automatically paid, the dev will be paying the MN and the miners who were mining the block on the pool.  This transaction is easy to verify - for example, https://pool.coin-miners.info/?address=PFm9FLHeEdTT6AG6FSs1491kyD6T59hejn shows this wallet won 71.154% of the hash on the Block 10080, and will be paid accordingly.

why not http: //s2.altcoinix.tam almost 100% hash was !?
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January 05, 2018, 05:13:39 AM
 #418

Lucky-block #10080 went to pool https://pool.coin-miners.info , congrats!  Although the block was not automatically paid, the dev will be paying the MN and the miners who were mining the block on the pool.  This transaction is easy to verify - for example, https://pool.coin-miners.info/?address=PFm9FLHeEdTT6AG6FSs1491kyD6T59hejn shows this wallet won 71.154% of the hash on the Block 10080, and will be paid accordingly.

why not http: //s2.altcoinix.tam almost 100% hash was !?

A lot of hash flooded into https://pool.coin-miners.info right as the lucky block approached.

Also, even if one pool has 90% of the hash, that still leaves a 10% chance that another pool will win the block.  That's why it's called Lucky-PoW!
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January 05, 2018, 05:36:28 AM
 #419

Everyone - TradeSatoshi and Stocks.Exchange may not be on the right fork, do not use them.

Wait for Cryptopia to be listed and for CoinsMarkets to solve its server issues.

Never ever send money to/from exchange without confirming a small test amount first.

I can confirm that someone I know tried to send a small test amount to stocks.exchange and did not get it.  So we advise for now that both TradeSatoshi and Stocks.Exchange not be used while we work with them to fix.

We hope coinsmarkets will be back online soon, but that is an exchange-wide issue so we can only wait.
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January 05, 2018, 07:42:11 AM
 #420



And the main question come up again cause we forgot it as i can see.
Lost money does not exist here. Lost devs only.

Are the dev gonna pay our losses from Premined causeof his actions and his wrong communication skills?
Yes or No and when?

If yes then everything continue as normal.
If not, i will interfere so the coin never listed to cryptopia.


You have 2 days count from now to giveaway mined coins.


And I’m posting here and not PM because is fraustrating you not answering to me or anyone else.
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