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Author Topic: ★[ANN] [NAV] NAV COIN - NAVTECH NOW DECENTRALIZED!  (Read 2035526 times)
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October 18, 2017, 01:43:15 PM
 #23781

Hi, I'm just catching up on things.  Trying to get a better grip on what the vote is about as i just grabbed the new wallet but not yet voted.  I'm heading over to reddit after i post this to try and learn more.

I saw somebody mention they wanted to vote no to this so they can vote yes for a secondary proposal (5-1 i think they may have said?)  Can anybody enlighten me on this or point me to where i can read up as to various options?

From what I've read so far it seems like a vote yes is voting for two things. A staking reduction + a developers fund and from how I've read it they would reduce staking from 5% to 4% ( a 20% reduction) and then take a further amount from that reduced staking amount for development fund.  

As an investor and staker it seems kind of like they are going in my pocket twice on this one vote.  Am I reading into this wrong?

I love this project and think a community/development fund is a great idea and totally what navcoin needs.  I would totally vote yes on that.  But i don't personally like the 20% reduction on staking on top of that. unless i'm misunderstanding..

I think if it is two major changes it should be two votes personally.

I'll do some reading back here and onto reddit but if anybody can share some thoughts pro/con i would appreciate it.

Otherwise I may be defaulting to a NO vote until I'm given a chance to vote separately.  Kind of sad on that because I would totally like to kick in some support to the team and have community proposals.

There is one proposal now that we vote on. Currently the staking reward is 5%. The proposal is to lower the staking reward to 4% and every block 0.25 NAV Coin to a community fund.

So yes, staking will earn you less NAV Coin annually. However, you will get a community fund in place that could be a huge boost to the development of NAV Coin.

Discussions over the past months and polls determined that the 4% + 0.25NAV/block to the fund, was the most popular option. If this proposal doesn't reach a 75% majority vote, I don't know when and if another proposal will be brought to vote.

0.25 NAV/Block means about 21600 NAV Coin going towards the community fund. The stakers are in charge of the fund and without a majority vote no funds can be released. Everyone is able to ask for funds and propose an idea to the stakers. First the stakers will have to agree on the idea and in a later voting they have to agree on releasing the funds.

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October 18, 2017, 02:03:49 PM
 #23782

Voted yes, I love this plan to help Nav progress. We have always been a small team with great potential.
1% staking donated is not much and I have a lot of Navcoin. 4% is still more than ETH, LTC, ETC..... RIGHT!
Back from vacation so time for Navcoin to get a serious push. I am hoping for more progress on our advertising side.
Navcoin goes up 50% - 100% with assist from community funded staking reward at the cost of 1% is a great ROI.
I hope everyone can really see the big picture here and not focus on the negative posts. Navcoin is going far beyond todays price surge.

Best to all of you!



Hi, I'm just catching up on things.  Trying to get a better grip on what the vote is about as i just grabbed the new wallet but not yet voted.  I'm heading over to reddit after i post this to try and learn more.

I saw somebody mention they wanted to vote no to this so they can vote yes for a secondary proposal (5-1 i think they may have said?)  Can anybody enlighten me on this or point me to where i can read up as to various options?

From what I've read so far it seems like a vote yes is voting for two things. A staking reduction + a developers fund and from how I've read it they would reduce staking from 5% to 4% ( a 20% reduction) and then take a further amount from that reduced staking amount for development fund.  

As an investor and staker it seems kind of like they are going in my pocket twice on this one vote.  Am I reading into this wrong?

I love this project and think a community/development fund is a great idea and totally what navcoin needs.  I would totally vote yes on that.  But i don't personally like the 20% reduction on staking on top of that. unless i'm misunderstanding..

I think if it is two major changes it should be two votes personally.

I'll do some reading back here and onto reddit but if anybody can share some thoughts pro/con i would appreciate it.

Otherwise I may be defaulting to a NO vote until I'm given a chance to vote separately.  Kind of sad on that because I would totally like to kick in some support to the team and have community proposals.

There is one proposal now that we vote on. Currently the staking reward is 5%. The proposal is to lower the staking reward to 4% and every block 0.25 NAV Coin to a community fund.

So yes, staking will earn you less NAV Coin annually. However, you will get a community fund in place that could be a huge boost to the development of NAV Coin.

Discussions over the past months and polls determined that the 4% + 0.25NAV/block to the fund, was the most popular option. If this proposal doesn't reach a 75% majority vote, I don't know when and if another proposal will be brought to vote.

0.25 NAV/Block means about 21600 NAV Coin going towards the community fund. The stakers are in charge of the fund and without a majority vote no funds can be released. Everyone is able to ask for funds and propose an idea to the stakers. First the stakers will have to agree on the idea and in a later voting they have to agree on releasing the funds.
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October 18, 2017, 03:04:15 PM
 #23783

Voted Yes. The reasons are obvious! I´m in for the long run.
Go NAV Team...
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October 18, 2017, 03:07:52 PM
 #23784

Thank you for the replies.  so as there is not some other possible vote option looming after this one, it seems the best option is vote yes to this.  nav has a great team and great tech but companies need funding to do great things.  i think the community involvement is a nice aspect also.

can anybody explain the rational for the why the lower staking rate though?  I'm a big picture type of person so the yes vote is obvious to me but i am curious about this.  Thanks

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October 18, 2017, 03:41:23 PM
 #23785

I just found the answer to my earlier question at navcoin always informative weekly news.  (love that they communicate so well)

"You should be presented with a popup option to choose yes or no. At this stage, we are proposing reducing staking from 5% to 4% and generating 0.25 NAV per block to add to the community fund which roughly cancels out to have the annual inflation remain the same. The stake percent and funding amounts are still up for debate. Similar to the two vote proposal system there will be another network vote when we’ve completed the work when you get to decide whether or not to include the new consensus method with specific rates into the source code. This vote is to decide if a community fund is even something the community wants us to work on."

Perfect..  Smiley

Gonna go get my vote signalling.   Imagine NAV core with funding + the extra community morale and support this will bring.  Future will be bright.  I hope we can see a vote similar to what we saw with the segwit one. 

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October 18, 2017, 03:46:44 PM
 #23786

For me this is a no-brainer.  

NAV will certainly advance anyway, simply because of the size, quality and dedication of the Dev team.

But they cant be expected to do it all.  NAV has a large, and thankfully, very loyal and supportive community; its not unreasonable to be expected to contribute a little extra to NAVs long-term success.  As I say, NAV will succeed anyway, but surely we all want this sooner rather than later?

I want the 'long-term' to  be as short as we can all make it, so I voted YES, and I urge all NAVigators to do likewise.   Grin

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October 18, 2017, 07:00:17 PM
 #23787


I believe NAV $ 20.
the future will be wonderful

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October 18, 2017, 07:46:25 PM
 #23788

Guys I just downloaded Electrum NAV for macOS, version 3.6.0, I made a withdrawal from Bittrex, I can see them in the wallet and it says "not verified". I checked the transaction details and it has over 150 confirmations, what's the problem then? Thanks!
Still now my wallet doesn't synchronize, and I don't understand why. Once I open the wallet for a few seconds I see on the left bottom corner the "sync" status, but then it disappears, and my transaction is still not verified. Can anyone help me please?

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October 18, 2017, 07:48:49 PM
 #23789

Holding NAV for a while now, expecting big things from this coin, dont let me down NAV! keep it up
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October 18, 2017, 08:24:33 PM
 #23790

It is a shame to me that Nav still is vulnerable to these rapid price pumps and fall backs. We need to move to slow steady healthy growth
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October 18, 2017, 08:35:48 PM
 #23791

It is a shame to me that Nav still is vulnerable to these rapid price pumps and fall backs. We need to move to slow steady healthy growth


Oh, we really needed a useless comment by a guy that just registered.

We're here to make money and support blockchain technologies.

How we support them and how we make money is each its own interest.

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October 19, 2017, 10:17:44 AM
 #23792

Guys I just downloaded Electrum NAV for macOS, version 3.6.0, I made a withdrawal from Bittrex, I can see them in the wallet and it says "not verified". I checked the transaction details and it has over 150 confirmations, what's the problem then? Thanks!
Still now my wallet doesn't synchronize, and I don't understand why. Once I open the wallet for a few seconds I see on the left bottom corner the "sync" status, but then it disappears, and my transaction is still not verified. Can anyone help me please?

You should not use electrum NAV because it is very old branch. version 3.6. NAV hard forked at version 4.x so the old wallet cannot understand new blocks.

@DEV team you really should remove that link or update electrum.

@Ale88 you will probably need to export the private key of your address from electrum and import it in a full 4.06 wallet. I don't see another way. You need to use the command line to import it because electrum does not have a wallet.dat file that you can overwrite

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October 19, 2017, 12:10:51 PM
 #23793

I voted yes, but I really think that dev team should be more transparent about how many NAVs they're holding.

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October 19, 2017, 05:50:43 PM
 #23794

I voted yes, but I really think that dev team should be more transparent about how many NAVs they're holding.

Exactly! Looks like it's a do not touch subject... Roll Eyes
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October 19, 2017, 06:33:11 PM
 #23795

I voted yes, but I really think that dev team should be more transparent about how many NAVs they're holding.

Exactly! Looks like it's a do not touch subject... Roll Eyes

As far as I know all the development has been founded by Craigs personal funds.

And whatever Dev team used to have has been spent last year keeping the project afloat. Bear in mind that before this year the value of NAV was trading below 3k sats and BTC's value was below 1000 usd.


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October 19, 2017, 06:52:14 PM
 #23796

The Community Fund - What is it? How to vote, Change vote, Check vote?




Once again another video! This one I have to say.... is good. Tongue Have a look yourself!



Learn more about the NAVCoin Community Fund, learn how to vote, how to change your vote and how to check your vote.

Official NAV Coin team Community Fund explanation: https://navcoin.org/community-fund/

Vote tracker: https://navcoin.org/fund-voting/

Update your NavPi to version 1.0.3: https://www.youtube.com/watch?v=x9qDuG2elUY







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October 20, 2017, 04:44:28 AM
 #23797

Nav is truly one of the greatest projects in cryptosphere. The Dev always working hard to deliver very nice stuff. The price is going down today, but in the next month we will double. Nav is unstoppable.

   
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October 20, 2017, 01:36:09 PM
 #23798

A crypto home-brother of mine put me onto NAV in the midst of the epic rise to 40k last month. I've been following ever since, just waiting for an ideal entry, which i was luckily granted when NAV dipped below 12k sats Smiley

For a coin from 2014, I don't think one can find a much better historical chart. It's a pretty amazing chart from day 1 in '14!!

Just got my wallet synced up, which went much quicker than expected. Kudos on that as well! I'm now ready to encrypt, send coins and begin staking

With all that said, I'm curious as to why I was able to vote without having any coins in my freshly synced wallet. Seems it would make more sense to only allow wallets containing X number of NAV to have a say in network decisions. If someone could clarify, I'd appreciate it.

Or, please correct me if I'm failing to understand something here.

peace!

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October 20, 2017, 05:40:12 PM
 #23799

A crypto home-brother of mine put me onto NAV in the midst of the epic rise to 40k last month. I've been following ever since, just waiting for an ideal entry, which i was luckily granted when NAV dipped below 12k sats Smiley

For a coin from 2014, I don't think one can find a much better historical chart. It's a pretty amazing chart from day 1 in '14!!

Just got my wallet synced up, which went much quicker than expected. Kudos on that as well! I'm now ready to encrypt, send coins and begin staking

With all that said, I'm curious as to why I was able to vote without having any coins in my freshly synced wallet. Seems it would make more sense to only allow wallets containing X number of NAV to have a say in network decisions. If someone could clarify, I'd appreciate it.

Or, please correct me if I'm failing to understand something here.

peace!

From what I read, it's stake based voting, which means, you get one vote every time you create a block on the chain.

Therefore you can't vote without coins because you can't stake. All you did was probably choose the voting option for each case you actually get a stake.

That also means that having a large balance and choosing the option in voting means nothing if your wallet is not staking

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DeepOnion
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AztecGoldHero
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October 20, 2017, 08:52:40 PM
 #23800

when we succeed stake votın nav wıll be ready to fly 10 dolars. hold untıl 10 dolars. good days comıng after btc run stops.

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