Yes, that is very cheap but we aren't able to attract users or investors to offset that, so the price slowly crumbles.

TRC is very secure and adding decentralized management and instant send will have no effect on that.

I am not trying to attract followers of DASH.  I am trying to attract core developers with visions for the future.  We cannot improve the wallet, code, website, or anything else without people helping out and no one is willing to help out without getting paid. 

Donations do not work.

Developers and new users are not attracted to a coin that slowly loses price and has no ability to keep changing with the times because it doesn't have a core team.
 
Decentralized management helps attract a core team.


Look.  Terracoin needs to branch out on it's own and to do this we need more then just me.  This is the best solution for that because we don't have a core development team to work on our own stuff.


You can't vote unless you run a masternode and if you are just a user then it will have no effect on you at all, except the coin and it's services will continue to get updated.  You also will have instant send.


I'm not sure.  Mrbodz said he is busy will school right now.  I will see if he recommends anyone else.

You are right. If someone is capable and he wants to invest and gets return, he needs to buy in. Dash voting is not important although it's convenient.
At current price, 2% is not much, I think it's less than Dash masternode price.
Let's just wait and see.

I mean at the current price. If anyone is interested to develop, he can just buy in, no need to ask for donation or bounty. But any way, collaboration is also important.
Dash's voting/governance is a way of collaboration. It maybe suit for a coin with such marketcap. But I don't think it's suit for coins with smaller marketcap.
For example:
   Developer A want's to develop a software feature, it will need 2 months to complete. Average salary for a developer is 8000 USD. So it will need 16000 USD, around 3500000 TRC! Around 20 % of the total supply.

Do you think it's feasible?

Even with the first step, implement the masternode/voting system, I think if 1~2 very capable developers to complete coding/testing (even copy & paste from Dash), I think it will at least need 1 month. That means 10000 USD is a minimum.

That's why I think you should forget about the Dash masternode/voting.

TRC evolve slowly by itself is the most feasible option right now, unless some rich shark wants to acquire it.

To be taken out of the miners rewards I presume?

Your explanations for implementing the dash/sdash/scryptdash/crw etc, etc clone are all based on the assumption that the price will go up, where as the reality is that it probably wont - unless you are prepared to use a large amount of your holding to pump the price like the other dash clones have done?

If this masternode idea was so good, don't you think BTC would have adopted it long ago? The reason BTC is so successful is because of miners & pushing them away by almost halving their reward is unwise IMHO. Don't be another Dash clone - be original. People go for originality.

I'd like to know if you mean here to limit the number of masternodes at first, or if you just think that only 10 people will invest into TRC masternodes in the beginning because of the relatively high price. 

It would be 45% masternodes/45% miners/10% Decentralized management reward per block, so yes it would come out of the miners.  I believe the price will continue to slowly drop unless we make a decision that will help create an atmosphere to attract development team members.

I believe that DASH masternodes and decentralized management will help attract development and community members.

The only way we can make this coin unique is by having a development team in place.

We are just a slightly changed BTC clone, and after that we will be a mixed BTC/DASH clone and after that we will become unique.

I don't think BTC will ever change dramatically because that is against it's whole mission goal.

Since it is merged mine your immediate profits might cut to 45% but the possibility for the value to grow is much higher because we have a team working on it.


In a dream world the initial investment for implementing the DASH masternode/decentralized governance would be from a final round of donations and from volunteer developers who want to join the team.

In reality we will need people to invest in the development.

The Terracoin Foundation is going to have 1 masternode from the beginning.  It's profits could be used to pay back investors for the initial development.  I have another idea for the profits that I am keeping under my hat right now but if we have to use those profits to pay investors we will.  We could set up something like if they put in $100 USD the profits from the TRC Foundation masternode would be split between all of the investors until they get $120 USD or something like that.  This could take a while but that it one option.


No limit at the beginning but the high price and me trying to keep expectations low is how I came up with 10.

I know the TRC Foundation will have one, and I personally will have one.  I imagine the developer/developers will have one and another person told me they would have one, so that is 4 right there.  Another six people in a month isn't a far stretch. 

The earlier a person sets up a masternode the more their rewards will be, especially because as each month passes they can take 1,000 TRC from the original 10,000 out of their wallet and do whatever they want with it.


The initial investment will have to be in BTC, but I think it will be more like 1 BTC to get it up and running.  No one is getting paid market prices in the crypto world, though they should be.  Almost everyone is working on a coin because they believe the price will go up one day.  Hopefully after the implementation people will believe in the project to work for TRC which they can horde for a future time when the price is higher because of their hard work.

Also at that time we get to make TRC truly unique!  I would like to think that developers would be interested in providing their ideas, and working on getting them put into action.

Why do you think the current market price is fake?  I think the volume on Cryptopia is fake.  I am almost positive it is fake, but the price seems about what it should be.

We have already had renewed interest in joining the team since I announced this.



I was just using USD as an example.  It could be paid out in whatever.  We would just want to set a reasonable percentage of return.  I was suggesting 20%.
An investment can come in a variety of shapes too, such as time and effort.


Currently no one gets paid for anything, so lets start at zero and work up from there.  We don't want to attract people who want just a single payment we want to attract long term members of the team to work on making TRC unique.


I do wish that people would stop inflating the volume on Cryptopia.  C-Cex doesn't have that issue.

I agree with you. It's the Cryptopia owners themselves that pump the volumes.
They are doing what in another context would be called "market maker".
They see the spread between the sell and buy offers and as it's very large they "do" buy and sell somewhere in the middle. It doesn't cost them anything and anybody who wants to buy or sell TRC will be attracted by those volumes, because in this way it seems that they are leaders of the market.
I guess that if you put an buy or sell offer for something like 100,000 TRC there in the middle their fake trading the volumes will immediately drop or they will change the price at which they are "trading", so your offer will be not satisfied.
To stop that fake volumes you can make one large sell offer and one large buy offer at the extremes of their "trading" area and than gradually reduce the spread, but it can be risky of course for your capital.

Good news!  That weird coin named TERRA (not Terracoin) is getting de-listed on C-Cex.  Now people won't get confused and come here looking for help with it!

I would co-opt everything DCR is doing over Dash any day. DCR's governance and pos scheme is brilliant.

Good to see this old gal still alive! Brings back some btc-e fond memories Keep on keeping on!