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

[Jim_Rambler]

Ok here is what it looks like to keep PoS the same and give MN 15% of what the PoS gets. The extra 15% is taken from the back end of the coins reward length. It take 7 years off the reward period.



Year   Coins                   PoS       PoS rewards   % of PoS reward   MN rewards
1   50,000,000   20%   10,000,000   15%   1,500,000
2   61,500,000   10%   6,150,000   15%   922,500
3   68,572,500   5%   3,428,625   15%   514,294
4   72,515,419   2.5%   1,812,885   15%   271,933
5   74,600,237   2.5%   1,865,006   15%   279,751
6   76,744,994   2.5%   1,918,625   15%   287,794
7   78,951,412   2.5%   1,973,785   15%   296,068
8   81,221,266   2.5%   2,030,532   15%   304,580
9   83,556,377   2.5%   2,088,909   15%   313,336
10   85,958,623   2.5%   2,148,966   15%   322,345
11   88,429,933   2.5%   2,210,748   15%   331,612
12   90,972,294   2.5%   2,274,307   15%   341,146
13   93,587,747   2.5%   2,339,694   15%   350,954
14   96,278,395   2.5%   2,406,960   15%   361,044
15   99,046,399   2.5%   2,476,160   15%   371,424
16   101,893,983   2.5%   2,547,350   15%   382,102
17   104,823,435   2.5%   2,620,586   15%   393,088
18   107,837,108   2.5%   2,695,928   15%   404,389
19   110,937,425   2.5%   2,773,436   15%   416,015
20   114,126,876   2.5%   2,853,172   15%   427,976
21   117,408,024   2.5%   2,935,201   15%   440,280
22   120,783,505   2.5%   3,019,588   15%   452,938
23   124,256,030   2.5%   3,106,401   15%   465,960
24   127,828,391   2.5%   3,195,710   15%   479,356
25   131,503,458   2.5%   3,287,586   15%   493,138
26   135,284,182   2.5%   3,382,105   15%   507,316
27   139,173,602   2.5%   3,479,340   15%   521,901
28   143,174,843   2.5%   3,579,371   15%   536,906
29   147,291,120   2.5%   3,682,278   15%   552,342
30   151,525,740   2.5%   3,788,143   15%   568,222
31   155,882,105   2.5%   3,897,053   15%   584,558
32   160,363,715   2.5%   4,009,093   15%   601,364
33   164,974,172   2.5%   4,124,354   15%   618,653
34   169,717,180   2.5%   4,242,929   15%   636,439
35   174,596,548   2.5%   4,364,914   15%   654,737
36   179,616,199   2.5%   4,490,405   15%   673,561
37   184,780,165   2.5%   4,619,504   15%   692,926
38   190,092,595   2.5%   4,752,315   15%   712,847
39   195,557,757   2.5%   4,888,944   15%   733,342

end of yr 39   201,180,042   

[Jim_Rambler]

Ok here is what it looks like to keep PoS the same and give MN 10% of what the PoS gets. The extra 10% is taken from the back end of the coins reward length. It take 5 years off the reward period.

Year/   Coins/               PoS/        PoS rewards/   % of PoS reward/   MN rewards
1   50,000,000      20%   10,000,000   10%   1,000,000
2   61,000,000      10%   6,100,000   10%   610,000
3   67,710,000       5%   3,385,500   10%   338,550
4   71,434,050   2.5%   1,785,851   10%   178,585
5   73,398,486   2.5%   1,834,962   10%   183,496
6   75,416,945   2.5%   1,885,424   10%   188,542
7   77,490,911   2.5%   1,937,273   10%   193,727
8   79,621,911   2.5%   1,990,548   10%   199,055
9   81,811,513   2.5%   2,045,288   10%   204,529
10   84,061,330   2.5%   2,101,533   10%   210,153
11   86,373,017   2.5%   2,159,325   10%   215,933
12   88,748,274   2.5%   2,218,707   10%   221,871
13   91,188,852   2.5%   2,279,721   10%   227,972
14   93,696,545   2.5%   2,342,414   10%   234,241
15   96,273,200   2.5%   2,406,830   10%   240,683
16   98,920,713   2.5%   2,473,018   10%   247,302
17   101,641,033   2.5%   2,541,026   10%   254,103
18   104,436,161   2.5%   2,610,904   10%   261,090
19   107,308,156   2.5%   2,682,704   10%   268,270
20   110,259,130   2.5%   2,756,478   10%   275,648
21   113,291,256   2.5%   2,832,281   10%   283,228
22   116,406,766   2.5%   2,910,169   10%   291,017
23   119,607,952   2.5%   2,990,199   10%   299,020
24   122,897,171   2.5%   3,072,429   10%   307,243
25   126,276,843   2.5%   3,156,921   10%   315,692
26   129,749,456   2.5%   3,243,736   10%   324,374
27   133,317,566   2.5%   3,332,939   10%   333,294
28   136,983,799   2.5%   3,424,595   10%   342,459
29   140,750,854   2.5%   3,518,771   10%   351,877
30   144,621,502   2.5%   3,615,538   10%   361,554
31   148,598,593   2.5%   3,714,965   10%   371,496
32   152,685,055   2.5%   3,817,126   10%   381,713
33   156,883,894   2.5%   3,922,097   10%   392,210
34   161,198,201   2.5%   4,029,955   10%   402,996
35   165,631,151   2.5%   4,140,779   10%   414,078
36   170,186,008   2.5%   4,254,650   10%   425,465
37   174,866,123   2.5%   4,371,653   10%   437,165
38   179,674,941   2.5%   4,491,874   10%   449,187
39   184,616,002   2.5%   4,615,400   10%   461,540
40   189,692,942   2.5%   4,742,324   10%   474,232
41   194,909,498   2.5%   4,872,737   10%   487,274
end of yr 41   200,269,510   

I do like the 10% it only takes 5 years off the reward period and still gives the masternodes an ok amount

[daxiake]

vote as the 26.wish oc to da moon

[VladMaster]

voted

#28

[bep42]

hey ! We have some nice buy/sell orders on Kingcoiny !

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

the best,
Ben

[ChrisLandin]

Good afternoon Orangers.
Done my bit voting today on polo and mintpal.

Soon the value of this exceptional coin will be realized

[MrMinerMan]

WOW almost 100 pages.

All options are up, speak now or forever hold your peace. 

[cryptoba]

Hi Orangecoin, Halofire and Jim Rambler,

It would be great to make, as soon as possible, a new official announcement with new structure, new specifications, new release and all the next future steps and goals for OC ?

It was great and important to discuss about all those ideas, but it is also very technical. And, you all seem to head in the right direction, I am sure you will make the best decision.

But, now, it would be great if you all together took a decision and made a new fresh announcement with all new specifications and future steps.

When could this happen ?

Thanks

[Halofire]

Goodmorning!

JimRambler gets a big thank you, first off. I know how tedious it was for you to provide these models.

Looking good!

I'd go for any of those models but maybe 20% is a little much, ends the minting 10 years earlier which is the limit before the 'oc:btc' catch up' kicks in. Doesn't allow for future 'play' room for new, undiscovered features. Maybe 15% as the compromise.

What happens if/when the PoS doesn't mint all of its coin when the planned schedule ends? Where would the coins go? Would that affect the amount the MN get paid along the way if MN based on a percent or can you designate whole integers for MN? I know this kinda goes back to what I was asking before, a bunch of posts ago, but its kinda different.

[Halofire]

Hi Orangecoin, Halofire and Jim Rambler,

It would be great to make, as soon as possible, a new official announcement with new structure, new specifications, new release and all the next future steps and goals for OC ?

It was great and important to discuss about all those ideas, but it is also very technical. And, you all seem to head in the right direction, I am sure you will make the best decision.

But, now, it would be great if you all together took a decision and made a new fresh announcement with all new specifications and future steps.

When could this happen ?

Thanks

We're getting there, I feel the end of this discussion is in sight.

[cryptoba]

Hi Orangecoin, Halofire and Jim Rambler,

It would be great to make, as soon as possible, a new official announcement with new structure, new specifications, new release and all the next future steps and goals for OC ?

It was great and important to discuss about all those ideas, but it is also very technical. And, you all seem to head in the right direction, I am sure you will make the best decision.

But, now, it would be great if you all together took a decision and made a new fresh announcement with all new specifications and future steps.

When could this happen ?

Thanks

We're getting there, I feel the end of this discussion is in sight.

You are all doing a great job ! Hope you understand I am loving all this energy ! I just have also the feeling that others are watching and might want to see a few clear announcement sooon 

[Specialkey]

99 sides on this beautiful OCthread  

[Halofire]

Welcome To

ⓄⓇⒶⓃⒼⒺⒸⓄⒾⓃ

Don't forget to vote @ Cryptsy, Poloniex, and Mintpal!
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Come on over to orangecoins.info/forum/ for the latest updates on everything Orange!
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Do you have something to add to Orangecoin? A service or merchandise, perhaps?
Inquire with Orangecoin or myself!

[Rainer4256]

99 sides on this beautiful OCthread  

You mean "pages"?

[btcMagnet]

Ok here is what it looks like to keep PoS the same and give MN 15% of what the PoS gets. The extra 15% is taken from the back end of the coins reward length. It take 7 years off the reward period.



Year   Coins                   PoS       PoS rewards   % of PoS reward   MN rewards
1   50,000,000   20%   10,000,000   15%   1,500,000
2   61,500,000   10%   6,150,000   15%   922,500
3   68,572,500   5%   3,428,625   15%   514,294
4   72,515,419   2.5%   1,812,885   15%   271,933
5   74,600,237   2.5%   1,865,006   15%   279,751
6   76,744,994   2.5%   1,918,625   15%   287,794
7   78,951,412   2.5%   1,973,785   15%   296,068
8   81,221,266   2.5%   2,030,532   15%   304,580
9   83,556,377   2.5%   2,088,909   15%   313,336
10   85,958,623   2.5%   2,148,966   15%   322,345
11   88,429,933   2.5%   2,210,748   15%   331,612
12   90,972,294   2.5%   2,274,307   15%   341,146
13   93,587,747   2.5%   2,339,694   15%   350,954
14   96,278,395   2.5%   2,406,960   15%   361,044
15   99,046,399   2.5%   2,476,160   15%   371,424
16   101,893,983   2.5%   2,547,350   15%   382,102
17   104,823,435   2.5%   2,620,586   15%   393,088
18   107,837,108   2.5%   2,695,928   15%   404,389
19   110,937,425   2.5%   2,773,436   15%   416,015
20   114,126,876   2.5%   2,853,172   15%   427,976
21   117,408,024   2.5%   2,935,201   15%   440,280
22   120,783,505   2.5%   3,019,588   15%   452,938
23   124,256,030   2.5%   3,106,401   15%   465,960
24   127,828,391   2.5%   3,195,710   15%   479,356
25   131,503,458   2.5%   3,287,586   15%   493,138
26   135,284,182   2.5%   3,382,105   15%   507,316
27   139,173,602   2.5%   3,479,340   15%   521,901
28   143,174,843   2.5%   3,579,371   15%   536,906
29   147,291,120   2.5%   3,682,278   15%   552,342
30   151,525,740   2.5%   3,788,143   15%   568,222
31   155,882,105   2.5%   3,897,053   15%   584,558
32   160,363,715   2.5%   4,009,093   15%   601,364
33   164,974,172   2.5%   4,124,354   15%   618,653
34   169,717,180   2.5%   4,242,929   15%   636,439
35   174,596,548   2.5%   4,364,914   15%   654,737
36   179,616,199   2.5%   4,490,405   15%   673,561
37   184,780,165   2.5%   4,619,504   15%   692,926
38   190,092,595   2.5%   4,752,315   15%   712,847
39   195,557,757   2.5%   4,888,944   15%   733,342

end of yr 39   201,180,042   

ok lets look at the 15% payment plan (using say 10 nodes)

the first year
these 10nodes will get 1,500,000 OC
div by 12months = 125,000 OC
div by 10nodes = 1,250 OC (average)

which at say 500 sats/OC is currently worth about $41 per node (per month)

all seems reasonable so far

but when the nodes go online the whole world is expecting a substantial price rise (modestly say 10x)
so within a month we could be paying $410 per node for the same service

or Orange could be 20x in a month (we'd be paying $8,200 for our 10 MNs in month two), and where will OC be in 4 months? with 8 months left on this 15% contract being proposed.

bottom line is... the price/value of OC is too serious a variable to set a sane fixed payment plan that has any shelf life, i don't see how we divine the value of orange even a few weeks down the road. That is the source of confusion here.

I think this MN service has to be floated on the market from month-one (month-one seems to have some extra complications anyway)

For the moment at least, we simply make deals with 10 or so MN entities and we try to keep them happy on a month by month basis.

If we fail, they stop the service, but first they will just say they need more compensation.
so we either pay them, replace them, or both (in that order) if we don't like their price, ie if we think they've grabbed us by the curlies.

So suppose we just pay the orange equivalent (pealing OC off the end of PoS) of some USD dollar amount, either monthly (just for availability) or based on trans/amount handled.

so that the average MN payouts would be X dollars per month (then we only have to decide what X is)

i know ppl want to avoid the USD but i don't see how we proceed at all here with out some kind of benchmark, and orange is currently way too young and restless to be that mark.

EDIT:
(alternately i guess we could offer a fixed btc reward paid in OC, but even this would have to be market flexible [say monthly] reacting to the changing value of btc)

[Specialkey]

99 sides on this beautiful OCthread  

You mean "pages"?

+1 

[Halofire]

I understand completely what you are saying.
Paying out compared to other crypto's worth, but in actual OC, would definitely work since they tend to grow and shrink together.

Fiat value is irrelevant. We can't base our crypto's off of fiat much longer, because we would be hurting crypto every time we'd depreciate OC to fit in with fiat. Let the price go up to $4000 for a MN buy-in. The payout would be the same percent as if it were $100 buy-in.


Let me poke your brain for a minute btcmagnet.
Think of crypto as the new USD like this: How many USD can I sell for one OC?
Not like: How many OC can I buy with 1 dollar?

Two similar sentences ending at same result, the exchange of fiat for OC. But with the first way I said it, the buying power is in the OC. And that's what will wake people up and smell the crypto's. ''Who has ever sold fiat before?'' What a silly question right?  Well, the answer is.... every single person who has held fiat. Everytime you buy or pay for something, you just sold your fiat for a good or service. This is how he governments have made us think since the dawn of currency. "buying power'' instead of ''selling power''.

[Jim_Rambler]

ok lets look at the 15% payment plan (using say 10 nodes)

the first year
these 10nodes will get 1,500,000 OC
div by 12months = 125,000 OC
div by 10nodes = 1,250 OC (average)

which at say 500 sats/OC is currently worth about $41 per node (per month)

all seems reasonable so far

but when the nodes go online the whole world is expecting a substantial price rise (modestly say 10x)
so within a month we could be paying $410 per node for the same service

or Orange could be 20x in a month (we'd be paying $8,200 for our 10 MNs in month two), and where will OC be in 4 months? with 8 months left on this 15% contract being proposed.

bottom line is... the price/value of OC is too serious a variable to set a sane fixed payment plan that has any shelf life, i don't see how we divine the value of orange even a few weeks down the road. That is the source of confusion here.

I think this MN service has to be floated on the market from month-one (month-one seems to have some extra complications anyway)

For the moment at least, we simply make deals with 10 or so MN entities and we try to keep them happy on a month by month basis.

If we fail, they stop the service, but first they will just say they need more compensation.
so we either pay them, replace them, or both (in that order) if we don't like their price, ie if we think they've grabbed us by the curlies.

So suppose we just pay the orange equivalent (pealing OC off the end of PoS) of some USD dollar amount, either monthly (just for availability) or based on trans/amount handled.

so that the average MN payouts would be X dollars per month (then we only have to decide what X is)

i know ppl want to avoid the USD but i don't see how we proceed at all here with out some kind of benchmark, and orange is currently way too young and restless to be that mark.

EDIT:
(alternately i guess we could offer a fixed btc reward paid in OC, but even this would have to be market flexible [say monthly] reacting to the changing value of btc)

well really there will be 100's and then 1000's of nodes, if I ever said 10 nodes it was defiantly a mistake!!

N=numbers of masternodes
M= required amount of coins for a masternode
H= Total coins in masternodes M*N

E= coin % rewarded to masternodes first year of the 10 million
D= % reward per PoS (E-10 million)/50 million/24.33333

B= coins per block (E/365/720) (E/days/blocks)
F= coins per block per masternode (B/N)

S= reward that M would make every 15 days from PoS stake to compare to masternode (M*D)
Z= masternode reward every 15 days (F*720*15)

Py= 1 year compounding PoS interest of M, (24 stakes/yr) Py=M(1+ APR/24)^24
My= 1 year of masternode rewards (24 staking days of a yr, or 360days)  Z*24


N=  1,000        200          1,000        1,000         500      1,000      2,000      1,000
M= 10,000      10,000       5,000        1,000        2,000    1,000      1,000      2,000
E=  2.5 mil      2.5 mil       2.5 mil      2.5 mil      1 mil      500k      500k       1 mill

H=  10 mil       2 mil          5 mil        1 mil         1 mil      1 mil       2 mil       2 mil

S=  61.64       61.64         30.82       6.16          14          7.8         7.8          14
Z=  102          513           102          102           82.19       20         10           41

Py=  1,589     1,589         794          158           386         205        205         386
My= 2,465     12,328        2,465       2,465        1,972       480        240         984

here is may original works, "N" is the number and it was worked out for 500 and 1,000 nodes. Once again once ppl see that more can be made (10% of the 20% or 2%) if they set up a master node. The more ppl that will set one up, meaning have to come and BUY the 2000 OC  at the market price. As we all know buying at the SELL price causes the price to raise.

And once again I'm very sorry to have to use another coin as an example but this example is purely for the numbers here.

http://chainz.cryptoid.info/drk/

Ok we see a masternode count box

280 / 351
active/total

This is why we have set the req OC to only 2000, so that it increases how many ppl can get involved.

Let use look at the Active number of masternodes, they have 280 at price right now ($ 11.41) and their req at 1,000 that is $3,194,800

Lets look at that 1 more time $3,194,800 invested in masternodes

Now I'm not saying we will get that kind of number however 10 masternodes is way to low of a number to do the math with.

1,000 MN for OC would cost $5,458 at market value right now.

Saying 10 is like thinking only 10 ppl will mine a coin at launch, but the real amount of miners is equal to ROI. So once again the number of MN will be set based on when profits are to low.

[Specialkey]

Welcome To

ⓄⓇⒶⓃⒼⒺⒸⓄⒾⓃ

Don't forget to vote @ Cryptsy, Poloniex, and Mintpal!
https://www.cryptsy.com/coinvotes
https://www.mintpal.com/voting
https://poloniex.com/voting

Come on over to orangecoins.info/forum/ for the latest updates on everything Orange!
Stop by and check out the giveaways, Art Contest with BIGGER OC prizes, bounties, paid referral program and more...!

ONLY 5 DAYS LEFT TO ENTER THE ART CONTEST!
Don't miss your chance at 30k in prizes!

We're on IRC! #orangecoindev

Do you have something to add to Orangecoin? A service or merchandise, perhaps?
Inquire with Orangecoin or myself!

Voting time 

[Halofire]

Sorry for my ignorance of MN, few questions.

What happens if someone doesn't want to be a MN any more, do they get the original 2000 back with any gains, or is that 2000 gone? What is the 'exit' procedure? We'd be able to sell the nodes themselves to each other like on ebay if necessary.

Also, what's the required amount of time (like contract?) needed for a MN?