Hello everyone First of all let me introduce myself: My name is Sam (on Telegram) I don’t intervene much but I read almost all the posts.
I have been a Miner since 2017, and it is through this that I discovered Firo, by researching on whattomine what could be the token that will absorb the hashrate of ethereum when it goes into POS.
Currently I mine ETH, because it is the most profitable for my configuration (40 RTx 3080 NON LHR), unlike other miners, I do not sell my crypto for FIAT because my company absorbs the charges.
To date I have sold a lot of eth to buy FIRO and I have a 50/50 ETH/FIRO BAG.
All that to say that it was mining that made me discover FIRO, of course I learned about the project and I think that FIRO is very underestimated and that confidentiality / anonymity will be very important in a short time… Also when looking at the universe of privacy coins, FIRO is one of the most promising with Lelantus spark and Elysium.
So do not neglect the indirect marketing impact that mining brings for FIRO, especially with the transition from ETH to POS soon (I think end of the year).
Today I have about ten MN Firo on a Cloud, because I’m not a big IT technician and I couldn’t find any tutorials on youtube showing me how to make a masternode step by step, so it was easy to do it do on a cloud host.
This is why it is not wise to neglect minors (even if I hear it a lot mine and resell directly).
So that’s why even though I’ve been following the project for a very long time, I’ve all just registered on the forum and if I could vote I would have chosen the following breakdown:
Minor 30/MN 45/ FC10/FD15 or
Minor 30/MN50/5FC/FD 15.
But I find the last proposition of Reuben Very interesting, to divide the block time in 2, all while keeping the same reward, so if I understood it correctly, I will multiply the reward by 2.
With this system (if I understood correctly):
1/ Minors will always be happy with their reward because even by reducing to 30 or 25%, it will remain as it is today.
2/ The MNs will have an APR of more than x2 compared to now, which will encourage the creation of many more MNs and inevitably strong buying pressure (even if the more MNs are created, the more the APR will drop). Do not forget that there are people who are in crypto just for CHALLENGE, stacking and MNs, and no one puts their money in projects where there is a history of fear of falling into a SCAM and firo (Zcoin) exists since 2016…
3 / The community fund will have much more funds, which can be used for liquidity, be listed on exchanges like Kucoin or full of projects for firo including advertising.
I heard a lot that advertising is useless and it was money to waste, so no, if you advertise a shitcoin, YES it will be useless, while advertising for FIRO, which is a project with real fundamentals, will necessarily have an impact.
Advertising is used to discover a project, so yes if the project is crap, the noobies will buy but it will quickly fade, whereas if it’s a real project the impact of good advertising will have a snowball effect, and word of mouth will continue the work.
4 / The development fund will have more money so can be more serene for the future and will have more resources for it’s team.
How to increase the price of firo (this is only my vision):
1/ By drastically increasing the APR of Masternodes
2/ Clean google pages talking about FIRO attack with 51%
3/keep firo at the top of the most profitable currencies on whatomine
4 / Demonstrate through recognized specialists in the cryptosphere that FIRO technology (lelantus spark) is far beyond the others or equivalent to some.
Even if it means paying recognized hackers to try to crack FIRO/MONERO/ZCASH/PIVX/ARRR/BEAM/DASH transactions etc…
5/ Once Elysium and Lelantus Spark launch a major advertising campaign (wait until the house (FIRO) is finished building to advertise it) through influencers, articles showing that firo has better technology than x,y, z privacy token.
6/Encourage to make youtube tutorials (by members of the community) in different languages, what is firo, how to make masternodes, how to use the anonymity function, how to use firo DEX, reassure that it exists non-centralized exchanges (because many people are afraid of confidential currencies because they fear that they will blacklist centralized exchanges)
7/Maybe try to raise funds, like any digital STart UP.
8/Try to find a BIG partner to create bridges with firo for Elysium.
And in the meantime I’m not selling any of my MN Rewards, on the contrary I’m accumulating, because I think FIRO will go very far and the most patient will be rewarded!