Does the last statement and ANN mean there will be no masternodes?
If there will be no masternodes and further coin development - than all this fund is just another scam...
Because no one will actually need the coin...
Very frustrating scam, i'd say...
They are waiting for chaincoin and terracoin to fix the bug as they are using the same code. There is an exploit that the miners can use and get all the rewards including the ones that are supposed to go towards masternode operators.
They could release the masternodes but you will not be getting any rewards. I'm currently running some chaincoin masternodes and we are getting nothing.
As per chaincoin devs the bug should be fixed in march.
So I guess lets be patient with CIF until then. If they do nothing after Chaincoin and Terracoin fixes the bug then I guess I will dump the coin as well.
But to CIF team, at least you should have setup POS in the meantime until the masternode bug is fixed.
I do realize that you have a certain education focus business plan in place and that is good and all, but you should consider that most of your investors are there for the rewards and the profits. If those investors start dumping it will crash the price of your coin and your whole education planning will go south as well.
Just some food for thought devs.
The plan is to implement a fix for the masternodes, once we have seen that all potential security risks have been addressed. Keep in mind however that the implementation of masternodes is ancillary to the main business model, however there is no reason for us not to continue with that piece if all security risks have been addressed.
As with any coin, when there are masternodes, miners receive less rewards, therefore inhibiting the mining community (who also provides various benefits to a new coin). There are alot of pieces in place and masternodes will only add to, rather than the lacking of their presence, detract from, any aspects of the business.
