I think for mass adoption, there should be much more than 21,4 Millions Firo in circulation. After 4-5 years from now, let’s reconsider that and maybe raise the max supply ?
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The tail emission effectively raises the max supply.
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Hey just a reminder, your most preferred choice should be rank 1 and not rank 5. The option that you like the most should be rank 1. See somebody putting only one vote with rank 5 @Pahtee
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Thank you for the reminder, votes updated.
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I don’t remember writing this, or I expressed myself badly.
I wanted to point out that I particularly appreciate the blog articles which are a great documentation source.
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The poll has been concluded! Thank you! We will be putting out a blog post on this soon!
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Blog post up.
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70% to masternodes could backfire price wise. I’m more than 90% sure it’s cexchanges (binance and cexio) setting up masternodes and constantly selling , even at these ridiculous prices. No one would pay 10$ per masternode monthly and sistematically sell at 1$ per firo other than an entity that has a lot of firo deposited and lying cold. We all saw what happened with ethereum price after pos transition.
I would also like to hint at the last discussion we had regarding binance transparent adresses and how it turned out in the end. After slightly less then a whole year, firo is worth 70% less and still got the monitoring tag. Exactly as i wrote it would turn out to happen. Monero is delisted and after the initial fake panic bluff is now 20% higher in price and dignity.
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With the change to the tokenomics to heavily favour masternodes, masternode holders now have a strong responsibility for the success of the project.
I hope those that have voted in favour of masternodes will step up!
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We’ve also updated the finalized tokenomics blog post to make it clearer
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I just took a look at the number of people mining Firo at miningpoolstats, and I don’t ever remember it being as low as this:
If I’m correct, then at 5% block reward Firo mining is headed toward extinction–and of course it’s the masternode owners who decided this, i.e., those who probably own the most Firo and voting power. It doesn’t take a genius to see where this is headed. Mining is a way to spread out the security of the blockchain far and wide, and anyone with a capable GPU can participate, rich or poor. By comparison, there are far fewer masternode owners and the collateral requirement for them just ensures that the rich are going to get richer (and acquire the most power), while the poor are going to get shafted and eventually shut out.
Good job, guys.
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Everybody could vote. If miners are so concerned about security of the project why they didn’t vote other proposals?
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Mining and security is fake argument as we can see when project get 51% attack minersbquickly move somewhere else.
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If somebody wants to own masternode it cost him around $1k at current prices. Note sure where you buy mining hardware, but where I live you will not be able to buy something decent for less then price of 1 masternode.
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Can you briefly explain why exchanges would do so?
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Hello, did the hardfork happen today?
I see no news anywhere.
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Yes, It has happened. A blog post will be up soon regarding the completion of it.
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