i dont think thats a good idea... i mean you are thinking in western standards...but what about the the people that dont hawe this standarts ?? 100 dollar in some countrys is like a lifetime to earn wile in others you can earn it in 1 hour ..so dont think its a good plan to go this way... i mean what kind of people should use kore ?? all or just some ??
btw... can anybody explain me the diverence kore to vpncoin ?? if there is no diverence kore should start to get some development because vnpcoin is 4 real ahead

Yes $100 seems like a lot and that is in USD so may have a different ability for other countries who are impoverished. But these impoverished people do not get to use the service for free just because they can't afford it. So the market will determine who has $100/$50/$25 to buy coin with and who doesn't just won't use the service. The fee isn't set $100 is a good starting point though.

The $100 is a lifetime of use. It also Stakes to make calls so you make money when calling, 25% or (X%) goes to Kore to pay for the service. If no one can afford the $100 then no one buys the coin and it stagnates, but at least it is there for those who can afford to use it. If you just make it free then it may go away by default if anyone could download the wallet and call for free. The coin has no real meaning at that point.

To combine the best of both worlds though charge a fee for those who do not want to buy the $100 worth of coin and then allow the people who bought the $100 worth of coin to Stake and make those Fees. That way you can casually use the service for a fee that goes to the entire network.


Yep, but I don't think it should change later. I think if you implement the minimum Coin Value Stake to Make calls and a Call per minute type scenario for a fee it drives buying and that also supports the selling of the Staking which Kore gets 25% and makes that more lucrative rather than just have money funneled through to BTC and pay the developers. Support in Market Cap is more important in the long run. Essentially the buying of the coin to make calls with shows Investor class adoption. This also allows investors to be paid for their investment even if the coin doesn't go up in price, they get their money back over time. People who don't want to invest and just use the coin pay the Fee and the investors get a portion if Staking.

It really grows exponentially from there since at that point the coin could be worth more than the fee and fractions can be used to pay with. Now the Staking percentages can also be set up as a Cost Structure instead of an Inflationary view. If you consider that Market Cap may exceed the base of cost for a lower level of service, you will need to then scale to meet the demand. This would have to be setup intrinsically within the Staking percentage. Everyone would agree to a higher percentage since they know it must grow at a higher rate than most coins who just value based on trade. Kore has services and must meet any financial aspects as any normal corporation would be required to. Yet still be decentralized. It is a very tight rope to walk.

Gotcha, the functionality and concepts have to be implemented obviously. So pay for this initially is the goal.

The staking would function with the Network Fees being rolled into PoS. Vericoin has been open about use of its POSt development. So the Variables would be tweaked but I believe they talk about Network Fees being able to participate in staking. If I am mistaken then all the better. Something along this line could be developed by Kore then.

There would be no Law governing what a decentralized network requires to secure itself against hacks or attacks. Requiring Coin to be bought in order to participate in securing the network and also generating income from Fees and long term use of the service means that all functions would only need to be embedded and self evident. Granting an alternative (Paying a Fee) actually makes it open with no strict terms vs user/investor and investor class is never locked in and can leave at any point. This legitimizes the relationship as symbiotic and not contractual. As long as the functions are granted on the network then the investment is legal since the service is only acting as if you are an investor yet still granting a service. Anyone could become an investor just to use the service perpetually and make fees only to exit at any point up or down.

Come to think of it though, I don't really consider the idea an investment since you are paying for use of the service simultaneously but also being rewarded. It would also require more coin to be bought if BitCoin goes up vs Kore pricing or vice versa. So most serious "Investors" would have a buffer anyways and only sell when profitable. Heck the very act of selling could cost them money in the long run if they want to use the service. So this also promotes holding coin. They could at any time go back to using the Fees for usage so the fluctuation of price in order to secure the network is actually acting somewhat as an IPO paying to sustain operation perpetually. It would require people who want to participate at this higher level in the coin to back the coin with money. Since Kore never keeps their money but grants them service it is like a savings account. And at this point investment is only based on your entry point, yet is the same Cost or $100 for everyone or .05 cents a minute etc. The scarcity of the coin then would be driving the price upwards, early entry pays off here, then the coin could go viral in price.

To make sure that if the worst case scenario happens and everyone uses the Fees and not the Minimum Coin idea then normal coin should be able to be Staked to secure the network and perhaps that is part of the calling feature to stake that coin and never get it back as it leaves for the fees. And if only a few people buy in on the Minimum Coin Stake to Make calls idea then they get even bigger shares of the fees. So there is a second Tier that would need to be developed in order to create the backbone for serious investors so to speak vs the paid fees portion.

Thanks ctya,

"Our immediate focus and need is keeping the current work progressing and being able to fund it.
I have funded it for many months but no longer have the ability."

"The biggest thing right now the Community could do is donate BTC to support it.
Korecoin donations are welcomed also but it's the BTC that will keep
progress moving and pay the bills of development.
The Community could also donate their skills and time."
There are possibilities for Bounties and payment for Coding work.
If anyone could be involved at this level PM me.

MM

It should have started staking by now, unless you have a very small amount in the wallet.

If you restart the wallet you won't have to wait for the coins to mature again. So try that maybe.

Is the updated VOIP going to be in the next wallet release, or just the FIRE browser? I agree we should finish current projects first, so if FIRE is first we should be discussing that.

If the VOIP is in the next release I think we should have free wallet to wallet calls, if its possible to make it that the wallets would have to be staking something atleast... that should be good enough. If we can't force the wallets to be staking to enable interwallet calls that is not so bad, atleast it would help exposure and increase overall adoption.

Any calls to external networks and charging for them, well that discussion looks intense and I haven't read it all and need some sleep

To the Community:

We cannot stress this enough.
For the Kore Team to continue with the new Kore Wallet release thereby fully taking over Korecoin and the numerous Kore Team Projects we are asking for your Donations in BTC, they are needed and needed ASAP. We realize times are tough. If you could only afford a few bits of BTC then please still consider donating. If there is someone that likes what we are doing that could afford a larger donation to see these projects through please do. I am no longer in a position to fund the projects.
The Donation Address is below. A detailed ledger will be provided showing where each payment goes to.

Most Sincerely,
MikeMike

made a little donation, hope it helps


Community!!!!

help with whatever you can

0.01btc - 0.02btc - 0.03btc

whatever you can

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Thanks MM,

1) Yes I thought so, I just wanted to clarify that before we got too indepth on the charging of the VOIP, although it is a discussion that should always be progressing it currently seems it is not a vital point for the next release.

2) If we could somehow lock the browser tab unless the wallet is staking, that would guarantee users would atleast need some coins in the wallet to use the feature, but would not limit it to larger KORE holders like setting a minimum holding requirement would.

3) We may have to just use a VOIP service first, then as it moves forward setup our own. Is this the part VIOR could potentially setup and we pay them as the service provider, I recall you mentioning something like this?

4) Does this mean that it won't be coded from scratch, more based on 3rd party software? It sounds like FIRE can continue if things get back on track which is good.

5) I will go ahead and donate .1 or 2 in the next couple of days, it might mean pulling my small buy support, hopefully some other junk sells though hehe.