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Showing content with the highest reputation on 12/07/17 in all areas

  1. If the only thing a coin has going for it is masternodes, then it makes no sense. , but denarius has other things, like encrypted messaging, stealth transactions and low block time.. Also, even though it is a PoS-only coin after a couple of years, supply will not inflate wildly. Yes it does give early adopters a nice payoff.. But that can be said for everything good added to the coin or the ecosystem around the coin. Masternodes accomplishes a few things: It reduces available coin supply (yes this is only a benefit to people already hodling the coin or buys before MNs is released). It encourages people to run stable nodes by giving them a financial incentive to do so, thus making the coin more decentralized (unless everybody hosts in the same datacenter). Because of masternodes being a buzzword in crypto circles, it would bring added awareness to the Denarius project. I too think that Denarius can be big without masternodes, but I fail to see how masternodes would be a bad thing - at worst, things will stay as they are, with an additional feature added to the wallet. Who is the community is a good question indeed. Of course I do not assume that everybody in the DNR community is in the discord and I agree that maybe the rumors of masternodes could have been communicated better. However as far as I know, Carsen has not stated that masternodes WILL be a part of the denarius wallet, he simply stated that it was something he is spending some time on, to see if it can be done. I see the problem that websocket-based chat apps/sites are blocked in coporate networks, so it might be hard to keep up with everything happening. However, on this very site there has been a thread with a poll since July 13th regarding masternodes. It has been annouced in the bitcointalk thread as far as I know and 3/4th of the votes wanted masternodes, so everybody who checked the thread knew that it was a possibility back then, just as it is a possibility now, not a certainty. To be honest I do not see how mining is different from buying a coin. Sure, you do not need the technical skills, but so what? If I mine the coin or if I buy the coin, I can dump it all the same. Actually I personally would probably dump some of it sooner if mining because I have to pay for electricity.. Maybe you are right, maybe masternodes does nothing to benefit Denarius in the long run.. But my question is this: Do you think masternodes would hurt Denarius? Even though we have opposing views, I do really appreciate your input. It is dangerous for a coins community to be inside an echo chamber where everybody hypes each other up.
    4 points
  2. If DNR POW ends after 3 years total, who is going to keep nodes up with the current POS rewards? I think the masternodes encourage the network to be spread out after POW ends. Also when block rewards go from 3 to 4 DNR for a year, that will make it just a little bit easier to mine to get one. Obviously not easy, but possible over time. I have rained/soaked quite a bit in chat, mined this on and off since June, and want at least 1 MN myself. Buy, mine whatever it takes, I want a DNR masternode as Carsen is creating something special here. I still can't believe I am the first to bring this up in the bitcointalk ANN. At least I finally hear a reason some don't want to camp out on discord during the day.
    4 points
  3. @buzzkillb same here I want a MN. DNR low price tag will be temporary after MN starts and DNR will come into increased demand as block reward increases! @Carsen is one of the most dedicated, supportive and user friendly dev's I have seen on the cyrpto scene that why I believe that DNR will go places!
    3 points
  4. Go look at the price pattern or NEM (XEM). It has gone through 2 variations of Master Nodes. But put that aside, I like Denarius for its transaction times. I think there are a few fundamentally underrated aspects of coins that are not reflected in the price at the moment. The main one being privacy, and behind that transaction times. Bitcoin is choking itself. Carsen is the developer. Apparently he agrees with my earlier view point, but feels he has to follow the community's wishes. I understand that, but who exactly is part of Denarius community? That is a question worth asking and the answer is not simple. Chrysophalix had an interesting point about the Discord channel. A lot of us can't access it during the working day. Why do I raise this? Up until 11-29-2017 I had pointed enough of my hashing power at Yiimp to average about 12% of the entire pool of Tribus hashing. Then that changed right around 12/01/17. I support Denarius. But I also suspect talk of Master Nodes picked up steam right around this time on Discord. Yet the main announcement page on Bitcointalk didn't really mention this until today. I don't think that is fair. Discord does not represent the entire community, in fact I would go so far as to say it leaves out the types of miners and supporters that Denarius should want to attract. The master node discussion should be on bitcointalk. Why? Serious miners or investors follow more than one coin. We've got bitcointalk, reddit, overclock.net to try and keep up with, and then an endless proliferation of slack channels and discord. But back to your main points: If you think you are creating "value" by having people lock up coins, I would say that might work for a while but it won't work long term. "Community" - I don't think Discord covers the Denarius community. Master nodes have always struck me as a ponzi - in the short term, people race to buy or mine enough of the coin to qualify for the MN cutoff number. Then what? If the coin has no basic value proposition, if the developers don't keep working on the coin, people lose interest and start dumping. And master nodes offend me in a different way: you just have to come up with the cash to buy your way into master nodes. You don't have to mine a damn thing or learn how to mine. And I think that is bad for the ecosystem as a whole. You are playing into the hands of rich investors who want to make a quick buck and beyond that, they don't give a damn what coin they hold or sell so long as they make a profit. That strikes me as short-sighted and not good for the long term health of the underlying coin in the long term. I guess my plea is to Carsen: This is your baby, I think it has value on its own and there is no need for Master nodes. I'm speaking out because I don't think the entire community wants master nodes, but that's not a popular position to take. I've supported Denarius from early days by mining it. I am part of Denarius community and this is my view. And no, you won't find me hanging out on Discord. There are only so many hours in the day and maintaining/tweaking miners takes quite a few hours. Thank you for considering this viewpoint.
    3 points
  5. HERE ARE SOME OTHER OPTIONS THAT WILL BE AVAILABLEÂ FOR THE GIVEAWAY AS WELL! WINNER GETS TO CHOOSE!Â
    2 points
  6. I will run a few Master Nodes. I'd like to see them rare in a sense as the coin itself will be rare in time to come. 5000 DNR per Master Node makes perfect sense. Its not ridiculously expensive for a MN and not too cheap. Those in early will benefit from the cheaper prices whilst the newcomers/latecomers will need to pay a bit more before the price moves north
    2 points
  7. That's the nicest extension Chrome has
    2 points
  8. They are beautiful, good project
    1 point
  9. I really like # 2 and # 3 # 3 stands out and the gold color looks great
    1 point
  10. From what little I have read about the master nodes, is that they are a somewhat cheap mechanism, the good thing would be that it would increase the value of the currency  PS: I'm new to this, and I'm interested in learning more. They are asking for opinions and here I leave mine
    1 point
  11. need to re check lol #4 is in the lead lol
    1 point
  12. 5000 DNR for a MN confirmed (at least for the moment!) Â
    1 point
  13. 1 point
  14. You bring up an interesting point, but I feel like MNs do offer positive aspects for the coin. They basically acts like a loyalty program because once you hold the coins to activate a MN you can't dump your coins unless you give up your right to run one. Furthermorethe coin lockup creates more demand for the coin. In essence a 10 million coin supply will be reduced to 4 million with a 60% lockup. Even if someone doesn't have enough to run a MN, the increased demand would be good for them. Finally you have a community that is always looking out for the best interest of the coin. I may be missing something, but it does seem like a win/win.
    1 point
  15. How about no Master nodes? If we were being honest, it has always appeared to me that Master nodes are a cheap, ponzi-like, mechanism to pump up a coin's value. Sure, gives early adopters a nice pay off. But if that is what drives the price of the coin, it won't last. NEM being a case in point. What, other than a quick payout, does it accomplish? Eth doesn't have master nodes, Monero no master nodes, Zcash no masternodes, they've done swimmingly well based on different value propositions. I think Denarius can make its own way without resorting to Master nodes.
    1 point
  16. Put up some commits today, seems to be with the small amount of testing I have done, it is now staying on the correct chain and no debug log errors thus far. More commits will be coming...
    1 point
  17. UHHH no #CanHAZ... I believe the denarius warriors could make it happen if they wantedÂ
    1 point
  18. its a lovely extension honestly!! and if you right click on it you can edit the refresh rate
    1 point
  19. In Venezuela as you say if it is an option because in Venezuela electricity is too cheap and is very profitable, most of them only mine large currencies like bitcoin and so on, but as you say you would be more profitable to mine Dnr since it is more convenient for transactions.
    1 point
  20. HOLY CRAP! I like that when you click on it you get a minute partitioned price chart to see whats actually been happening.Â
    1 point
  21. I clicked the link and it was popped up after i clicked "with checking this box I sign away all rights to denarius and Carsen Klock." It would be nice if we could choose where we pull the api data from. I think I saw its from coinmarketcap or coinexchange.io but cryptopia has the big volume. Super helpful though instead of having to look at my BS blockfolio. DNR FTW again!
    1 point
  22. Here is a small graphic that might help you guys decide on which numbers you like. This chart is correct (I hope xD), assuming that every block is a PoW block and that block reward is 3 (it will change to 4 soonish) and that masternodes gets 1/3rd of block reward and that price stays at $0.8 which it most likely will not AND that Carsen does not run any masternodes or put any of his premine into circulation. Let me know if you find any flaws in this and I will correct them. Yes, I realize that the last line says that 101.33% of supply will be locked in masternondes but I included it because we are pretty close to 1,650,000 circulating supply.Â
    1 point
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