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macorcina
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October 13, 2015, 09:18:13 PM |
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5% really? How could this not screw up with emission model?? Count with me, buy 1M niro, stake 100 years: 113595730,78 119275517,32 125239293,19 131501257,85Surprise! Somebody who maintain the wallet after 100 years have 131M coins !  After 16y on 5% you double from 1M to 2M. Now it's best time to buy all sell order book only 3091555 is for sale |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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merc84
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October 13, 2015, 11:32:20 PM |
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5% really? How could this not screw up with emission model?? Count with me, buy 1M niro, stake 100 years: 113595730,78 119275517,32 125239293,19 131501257,85Surprise! Somebody who maintain the wallet after 100 years have 131M coins ! After 16y on 5% you double from 1M to 2M. Now it's best time to buy all sell order book only 3091555 is for sale Only 3091555 for sale at a total cost of 1939.637 BTC lol if u look at the order book u will realize there are some very unreal prices |
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forzendiablo
Legendary
 Offline
Activity: 1526
Merit: 1000
the grandpa of cryptos
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October 14, 2015, 01:54:22 AM |
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this coin is going to die it seems.
good ive sold it all
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yolo
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macorcina
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October 14, 2015, 01:59:00 AM |
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5% really? How could this not screw up with emission model?? Count with me, buy 1M niro, stake 100 years: 113595730,78 119275517,32 125239293,19 131501257,85Surprise! Somebody who maintain the wallet after 100 years have 131M coins ! After 16y on 5% you double from 1M to 2M. Now it's best time to buy all sell order book only 3091555 is for sale Only 3091555 for sale at a total cost of 1939.637 BTC lol if u look at the order book u will realize there are some very unreal prices for 66 BTC total You collect 3016555 coins from sell orders. |
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merc84
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October 14, 2015, 01:59:29 AM |
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this coin is going to die it seems.
good ive sold it all
Thanks for ur amazing insight, now go crawl back to the rock you live under. |
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macorcina
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October 14, 2015, 02:00:03 AM |
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this coin is going to die it seems.
good ive sold it all
dump all. |
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Conqueror
Legendary
Offline
Activity: 1354
Merit: 1020
I was diagnosed with brain parasite
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October 14, 2015, 06:45:29 AM |
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this coin is going to die it seems.
good ive sold it all
Thanks for ur amazing insight, now go crawl back to the rock you live under. Very informative post, i better dump all now! I think they live under the bridge, not? |
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merc84
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October 14, 2015, 07:44:38 AM |
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this coin is going to die it seems.
good ive sold it all
Thanks for ur amazing insight, now go crawl back to the rock you live under. Very informative post, i better dump all now! I think they live under the bridge, not? He couldn't afford a bridge sadly  |
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Conqueror
Legendary
Offline
Activity: 1354
Merit: 1020
I was diagnosed with brain parasite
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October 15, 2015, 06:13:30 PM |
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Sadly non of you realized that 5% staking rate is fake hoax.
It is not compatible with emission model long term.
Prove me wrong...
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macorcina
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October 15, 2015, 07:59:52 PM |
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Sadly non of you realized that 5% staking rate is fake hoax.
It is not compatible with emission model long term.
Prove me wrong...
I you have coins dump all . this is last chance |
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Videlicet
Legendary
Offline
Activity: 868
Merit: 1058
Creator of Nexus http://nexus.io
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October 15, 2015, 08:56:50 PM |
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BitcoinSandiego,
I see what you are saying as to integrating more of these concepts into another tier of the network, this is what trust keys are beginning, which will be held to their own rules. Essentially my problem with master nodes is that they are established by a holding of the asset, which is beneficial to those that can afford, but I like using the concept of time is more valuable in trust than monetary influence, which is why I'm building the next tier with trust keys. I am planning on giving special trust based rules to miners as well to award the miners that work on the blockchain more consistently than others.
I'll type a better response [more details] when I have some more time. In the meantime feel free to add me on Skype [to whomever would like to share their opinions with me directly]: colinjcantrell11. I think we could definitely exchange some insights that will further define the future direction of Nexus.
--------------------------------------------------
Conqueror,
5% is a suggestion from the community, it appears you would have a different suggestion? Looking at the compounding numbers I'm thinking it might be wise to have the interest rates de-compound to keep a steady 50k for 5% of 1M progressively which would make supply about 400M Niro in 100 years for the whole network, which I like to have slight expansion of the currency as it grows into more adopters, but not too much where it could reduce the value of the Niro.
So with this being stated, what is your opinion on the best interest rates through nPoS?
Thank You,
Viz.
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[ Nexus] Created by Viz. [ Videlicet] : "videre licet - it may be seen; evidently; clearly" |
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Conqueror
Legendary
Offline
Activity: 1354
Merit: 1020
I was diagnosed with brain parasite
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October 15, 2015, 09:09:14 PM |
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Conqueror,
5% is a suggestion from the community, it appears you would have a different suggestion? Looking at the compounding numbers I'm thinking it might be wise to have the interest rates de-compound to keep a steady 50k for 5% of 1M progressively which would make supply about 400M Niro in 100 years for the whole network, which I like to have slight expansion of the currency as it grows into more adopters, but not too much where it could reduce the value of the Niro.
So with this being stated, what is your opinion on the best interest rates through nPoS?
Thank You,
Viz.
I love idea of 5%!!! I am on 0.97% now. Just saying it might screw up with emission model in the long term. I remember discussion with you about how exactly you can predict amount of coins in the future. I don't get how can you predict number of coins staking? I guess you can predict POW part pretty well but not so POS part, right? |
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merc84
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October 15, 2015, 09:22:19 PM |
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Conqueror,
5% is a suggestion from the community, it appears you would have a different suggestion? Looking at the compounding numbers I'm thinking it might be wise to have the interest rates de-compound to keep a steady 50k for 5% of 1M progressively which would make supply about 400M Niro in 100 years for the whole network, which I like to have slight expansion of the currency as it grows into more adopters, but not too much where it could reduce the value of the Niro.
So with this being stated, what is your opinion on the best interest rates through nPoS?
Thank You,
Viz.
I love idea of 5%!!! I am on 0.97% now. Just saying it might screw up with emission model in the long term. I remember discussion with you about how exactly you can predict amount of coins in the future. I don't get how can you predict number of coins staking? I guess you can predict POW part pretty well but not so POS part, right? For what its worth I said earlier that I feel 3% is already sufficient, it is comparable if not higher than interest rate for cash savings (currently). |
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Namsbreh
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October 15, 2015, 09:44:43 PM |
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Remember the %5 will be a maximum reached after a year of constant staking. Lots of variables, not every coin will be staking all the time.
Interest from the bank does not require the use of CPU power.
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macorcina
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October 15, 2015, 10:03:46 PM |
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Remember the %5 will be a maximum reached after a year of constant staking. Lots of variables, not every coin will be staking all the time.
Interest from the bank does not require the use of CPU power.
Coin emission thru staking or mining is same thing. Coin emission. POS is mining. POS is invent to replace mining. interest is stimulation . In this case stimulation to invest, in coins, and staking. Same like miner look what is profitable for mining . To expand adoption, you need stimulation. |
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merc84
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October 15, 2015, 10:40:38 PM |
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I'd rather see a faster ramp up to 3% than 5% over a year, just my personal preference.
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Videlicet
Legendary
Offline
Activity: 868
Merit: 1058
Creator of Nexus http://nexus.io
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October 16, 2015, 04:48:50 AM
Last edit: October 16, 2015, 05:08:05 AM by Videlicet |
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Good feedback, thank you everyone If you would like to be a part of the discussion on Facebook concerning how I am going to Open Source, leave your responses here: https://www.facebook.com/groups/1562975960652250/1635208963428949/If you're not part of the group, I'll approve you. Thank You,Viz. |
[ Nexus] Created by Viz. [ Videlicet] : "videre licet - it may be seen; evidently; clearly" |
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merc84
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October 16, 2015, 07:00:16 AM
Last edit: October 16, 2015, 07:29:36 AM by merc84 |
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Remember the %5 will be a maximum reached after a year of constant staking. Lots of variables, not every coin will be staking all the time.
Interest from the bank does not require the use of CPU power.
Coin emission thru staking or mining is same thing. Coin emission. POS is mining. POS is invent to replace mining. interest is stimulation . In this case stimulation to invest, in coins, and staking. Same like miner look what is profitable for mining . To expand adoption, you need stimulation. Main difference is coin emission thru mining is very controlable vs PoS. |
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macorcina
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October 16, 2015, 03:30:35 PM |
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Remember the %5 will be a maximum reached after a year of constant staking. Lots of variables, not every coin will be staking all the time.
Interest from the bank does not require the use of CPU power.
Coin emission thru staking or mining is same thing. Coin emission. POS is mining. POS is invent to replace mining. interest is stimulation . In this case stimulation to invest, in coins, and staking. Same like miner look what is profitable for mining . To expand adoption, you need stimulation. Main difference is coin emission thru mining is very controlable vs PoS. coin emison is controllable by idea of developer. Idea is implementing in specification . number of coins, reward per blok, pow + pos, only pow, only pos, pow +pos + premine etc, premine for giveaways, no premine, airdrop .... at the end coin emision is coin emision, community make decision from specification, ( read developer ) I im in or out. |
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merc84
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October 16, 2015, 09:34:08 PM |
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It is in fact very difficult to control exact number of coins mined via PoS due to the number of variables. For arguments sake you can't simply specify 100M max coins as you could with pure PoW by specifying an end block. You also can't know how many coins will actually be staking the exact interest rates each staking wallet has or how frequently a wallet will be on for staking (this is more so after 21day trust keys).
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