[ANN][OC] Orangecoin ★★ POS ★★ Anon Transactions ★★ Masternodes

[fonzerrellie]

what's with all the colour coins?

we're a delicious fruit packed with vitamin OC

[Specialkey]

ⓄⓇⒶⓃⒼⒺⒸⓄⒾⓃ

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Good time to grab a bounch of sweet OCs 

[Specialkey]

It's important to look at the only other coin using masternodes with Anon and how the masternodes effected their price when they went live. And they took 10% of the reward and shifted it to the masternodes

https://coinmarketcap.com/drk_90.html

Yes I know this is not us and its a different coin, I only bring it up to show what can happen when 10% of rewards where shifted to Masternode payouts. Because its the only other real example around, sometimes it good to look at others who have done it. As well as for us to guess what will happen when we do it and what could happen.  

So why are we trying to under-replicate? Do the entire 10% and add it to the coin cap. 220 million. or take 4-5 years off PoS. It still wont affect the price that much if we added 20 million over 46 years to the cap for a feature.

Anyway I am for reducing of the total coin anmount. To raise it is a signal in the wrong direction.

And masternodes should be  highly rewarded cause they bring OC the anon  

These are my thoughts to the theme  

[cryptoba]

It's important to look at the only other coin using masternodes with Anon and how the masternodes effected their price when they went live. And they took 10% of the reward and shifted it to the masternodes

https://coinmarketcap.com/drk_90.html

Yes I know this is not us and its a different coin, I only bring it up to show what can happen when 10% of rewards where shifted to Masternode payouts. Because its the only other real example around, sometimes it good to look at others who have done it. As well as for us to guess what will happen when we do it and what could happen.  

So why are we trying to under-replicate? Do the entire 10% and add it to the coin cap. 220 million. or take 4-5 years off PoS. It still wont affect the price that much if we added 20 million over 46 years to the cap for a feature.

Why are we now back to 220 Mio coins

OC can replicate or not replicate is not important, what is important is that we come out with something logical, clear and attractive facts and numbers. I don't know if you notice but all coins are constantly adapting or correcting things to stay competitive.

Where is the problem with shortening things up ?

[cryptoba]

And, what is with the opinion of Orangecoin, is he not talking anymore ?

[fonzerrellie]

we have a couple bids around 500 on kingcoiny an awesome site so far, and it's even canadian!!

https://www.kingcoiny.com/index.php?page=trade&market=18#

[daxiake]

And, what is with the opinion of Orangecoin, is he not talking anymore ?

still no any practical things being work out...

[bep42]

we have a couple bids around 500 on kingcoiny an awesome site so far, and it's even canadian!!

https://www.kingcoiny.com/index.php?page=trade&market=18#

thanks a lot dude! keep the good!

[fonzerrellie]

And, what is with the opinion of Orangecoin, is he not talking anymore ?

still no any practical things being work out...

lots of stuff being discussed, we want to be sure everything is best for the coin... the more input the better now, I'd rather them look at all the angles now and get it right the first time

[fonzerrellie]

we have a couple bids around 500 on kingcoiny an awesome site so far, and it's even canadian!!

https://www.kingcoiny.com/index.php?page=trade&market=18#

thanks a lot dude! keep the good!

I almost forgot .15% fees instead of the .25%  on bittrex

[cryptoba]

And, what is with the opinion of Orangecoin, is he not talking anymore ?

still no any practical things being work out...

A lot of practical things are being worked out, but I would simply like his opinion about all the possible new specifications

[Orangecoin]

I would like to not increase the cap. The alternative of decreasing the years slightly, leaving pos the same and taking the masternode rewards from the years.

   Coins produced            PoS          PoS rewards      Masternodes    MN rewadrs
1   50,000,000             20%          10000000                      2%            1000000
2   61,000,000             10%             6100000                      1%             610000
3   67,710,000             5%             3385500                   0.5%              338550
4   71,434,050            2.5%           1785851.25             0.25%         178585.125
5   73,398,486.375      2.5%           1834962.159           0.25%          183496.21593
6   75,416,944.7503    2.5%            1885423.618           0.25%        188542.36187
7   77,490,910.7309    2.5%            1937272.76827       0.25%        193727.27682
8   79,621,910.7760    2.5%           1990547.76940        0.25%        199054.77694
9   81,811,513.3223    2.5%           2045287.83305       0.25%        204528.78330
10   84,061,329.9387    2.5%         2101533.24846       0.25%        210153.32484

I think doubling those masternode rewards from the above 10% to a flat 20% and reducing the total years  instead of 46.

[Jim_Rambler]

It's important to look at the only other coin using masternodes with Anon and how the masternodes effected their price when they went live. And they took 10% of the reward and shifted it to the masternodes

https://coinmarketcap.com/drk_90.html

Yes I know this is not us and its a different coin, I only bring it up to show what can happen when 10% of rewards where shifted to Masternode payouts. Because its the only other real example around, sometimes it good to look at others who have done it. As well as for us to guess what will happen when we do it and what could happen.  

So why are we trying to under-replicate? Do the entire 10% and add it to the coin cap. 220 million. or take 4-5 years off PoS. It still wont affect the price that much if we added 20 million over 46 years to the cap for a feature.

Why are we now back to 220 Mio coins

OC can replicate or not replicate is not important, what is important is that we come out with something logical, clear and attractive facts and numbers. I don't know if you notice but all coins are constantly adapting or correcting things to stay competitive.

Where is the problem with shortening things up ?

Your right I forgot to post an example of reducing coin cap. Sorry for the spacing this forum messes it up and it takes for ever to fix

Coins produced                PoS    PoS rewards        Masternodes       MN rewadrs
1   50000000              10%       5000000                 2%                1000000
2   56000000                 5%       2800000                1%                 560000
3   59360000                   2.5%       1484000               0.5%        296800
4   61140800                   2%       1222816              0.25%         152852
5   62516468                   2%          1250329.36      0.25%        156291.17
6   63923088.53             2%       1278461.7706      0.25%        159807.721325
7   65361358.021925      2%         1307227.1604385   0.25%   163403.395054813
8   66831988.5774183     2%      1336639.77154837   0.25%   167079.971443546
9   68335708.3204102   2%      1366714.1664082   0.25%   170839.270801026
10   69873261.7576195   2%      1397465.23515239   0.25%   174683.154394049
11   71445410.1471659   1.5%   1071681.15220749   0.25%   178613.525367915
12   72695704.8247413   1.5%   1090435.57237112   0.25%   181739.262061853
13   73967879.6591743   1.5%   1109518.19488761   0.25%   184919.699147936
14   75262317.5532098   1.5%   1128934.76329815   0.25%   188155.793883025
15   76579408.110391   1.5%   1148691.12165587   0.25%   191448.520275978
16   77919547.7523229   1.5%   1168793.21628484   0.25%   194798.869380807
17   79283139.8379885   1.5%   1189247.09756983   0.25%   198207.849594971
18   80670594.7851533   1.5%   1210058.9217773   0.25%   201676.486962883
19   82082330.1938935   1.5%   1231234.9529084   0.25%   205205.825484734
20   83518770.9722866   1.5%   1252781.5645843   0.25%   208796.927430716
21   84980349.4643016   1.5%   1274705.24196452   0.25%   212450.873660754
22   86467505.5799269   1.5%   1297012.5836989   0.25%   216168.763949817
23   87980686.9275756   1.5%   1319710.30391363   0.25%   219951.717318939
24   89520348.9488082   1.5%   1342805.23423212   0.25%   223800.87237202
25   91086955.0554123   1.5%   1366304.32583118   0.25%   227717.387638531
26   92680976.768882   1.5%   1390214.65153323   0.25%   231702.441922205
27   94302893.8623375   1.5%   1414543.40793506   0.25%   235757.234655844
28   95953194.5049284   1.5%   1439297.91757393   0.25%   239882.986262321
29   97632375.4087646   1.5%   1464485.63113147   0.25%   244080.938521912
30   99340941.978418   1.5%   1490114.12967627   0.25%   248352.354946045
31   101079408.46304   1.5%   1516191.1269456   0.25%   252698.521157601
32   102848298.111144   1.5%   1542724.47166715   0.25%   257120.745277859
33   104648143.328089   1.5%   1569722.14992133   0.25%   261620.358320221
34   106479485.83633   1.5%   1597192.28754495   0.25%   266198.714590825
35   108342876.838466   1.5%   1625143.15257699   0.25%   270857.192096165
36   110238877.183139   1.5%   1653583.15774709   0.25%   275597.192957848
37   112168057.533844   1.5%   1682520.86300766   0.25%   280420.14383461
38   114130998.540686   1.5%   1711964.97811029   0.25%   285327.496351716
39   116128291.015148   1.5%   1741924.36522722   0.25%   290320.727537871
40   118160536.107913   1.5%   1772408.0416187   0.25%   295401.340269783
41   120228345.489802   1.5%   1803425.18234703   0.25%   300570.863724505
42   122332341.535873   1.5%   1834985.1230381   0.25%   305830.853839683
43   124473157.512751   1.5%   1867097.36269127   0.25%   311182.893781878
44   126651437.769224   1.5%   1899771.56653836   0.25%   316628.594423061
45   128867837.930186   1.5%   1933017.56895279   0.25%   322169.594825464
46   131123025.093964   1.5%   1966845.37640946   0.25%   327807.56273491

[Specialkey]

I would like to not increase the cap. The alternative of decreasing the years slightly, leaving pos the same and taking the masternode rewards from the years.

   Coins produced            PoS          PoS rewards      Masternodes    MN rewadrs
1   50,000,000             20%          10000000                      2%            1000000
2   61,000,000             10%             6100000                      1%             610000
3   67,710,000             5%             3385500                   0.5%              338550
4   71,434,050            2.5%           1785851.25             0.25%         178585.125
5   73,398,486.375      2.5%           1834962.159           0.25%          183496.21593
6   75,416,944.7503    2.5%            1885423.618           0.25%        188542.36187
7   77,490,910.7309    2.5%            1937272.76827       0.25%        193727.27682
8   79,621,910.7760    2.5%           1990547.76940        0.25%        199054.77694
9   81,811,513.3223    2.5%           2045287.83305       0.25%        204528.78330
10   84,061,329.9387    2.5%         2101533.24846       0.25%        210153.32484

I think doubling those masternode rewards from the above 10% to a flat 20% and reducing the total years  instead of 46.

A decrease of total coin amount is for me well at all.

The discussed 84 Million as total amount of coins are unfortunately the total amount number  of litecoins.
Perhaps the ltc community will be not so happy.

I like 108 Mio. at total coin amount.
108 is a holly number and can be a blessing for sweet OC  

[btcMagnet]

Yes also I think reducing the PoS % rate after all the advertising amounts to breach of contract with the people that have already invested in OrangeCoin... bad idea, negative PR for the coin.

Adding to the total number of coins dilutes the value of existing coins, another unadvertised reduction in coin value that could result in litigation.  Has anyone considered raising the transfer cost to compensate?
This would seem to be the only way that doesn't renege on promises already made.

one also might consider that optional anonymity would reduced the number of people using expensive methods.  actual need or even desire for anon in practice could easily be 10% or less.  I don't think people who want it will mind paying for it, and even if they do, we are finding out here that in real life anon has a price, which imo should be paid strictly by the people using it.

on what % of trans will ppl will actually need/desire anon?
If this is a fraction, less than 10% why are we paying an arm and leg for 100% anon
when optional would take a fraction of the Mnodes/cost and please as many people?

i mean who cares if the nsa finds out i buy my shorts at overstock

[cryptoba]

I would like to not increase the cap. The alternative of decreasing the years slightly, leaving pos the same and taking the masternode rewards from the years.

   Coins produced            PoS          PoS rewards      Masternodes    MN rewadrs
1   50,000,000             20%          10000000                      2%            1000000
2   61,000,000             10%             6100000                      1%             610000
3   67,710,000             5%             3385500                   0.5%              338550
4   71,434,050            2.5%           1785851.25             0.25%         178585.125
5   73,398,486.375      2.5%           1834962.159           0.25%          183496.21593
6   75,416,944.7503    2.5%            1885423.618           0.25%        188542.36187
7   77,490,910.7309    2.5%            1937272.76827       0.25%        193727.27682
8   79,621,910.7760    2.5%           1990547.76940        0.25%        199054.77694
9   81,811,513.3223    2.5%           2045287.83305       0.25%        204528.78330
10   84,061,329.9387    2.5%         2101533.24846       0.25%        210153.32484

I think doubling those masternode rewards from the above 10% to a flat 20% and reducing the total years  instead of 46.

Okay, great !

 Maybe, SpecialKey is right. Let's make a strucure around 108 Mio total coin amount with 12 Years.

Would this be possible ?

[bep42]

hey what's up guys!
Take a part at our adventure with OC on Kingcoiny.

We have nice orders there > https://www.kingcoiny.com/index.php?page=trade&market=18

The best,
ben

[Specialkey]

hey what's up guys!
Take a part at our adventure with OC on Kingcoiny.

We have nice orders there > https://www.kingcoiny.com/index.php?page=trade&market=18

The best,
ben

I signed up 

[bep42]

I signed up 

cool, hope see you there soon.

[Specialkey]

I signed up 

cool, hope see you there soon.

Pending deposit  Cool design