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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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2386102 No.2386102 [Reply] [Original]

/BIZ/ RAISED SEVEN HUNDRED THOUSAND AMERICAN DOLLARS IN LESS THAN 6 DAYS. I'm proud of all of you and we're all going to make it. I made a new thread since our boy ⋐ӎ⋑ !MagnetW3NU went to sleep.

What is going on?
If you don't already know, ARK is one of the unique cryptos to use DPoS which is Delegated Proof of Stake, In the case of Ark it works like this:
>in the Ark world there are only 51 machines that create new Ark called delegates
>who these top 51 delegates are is changing all the time
>because people vote for who they want to be a delegate
>there are a bunch of delegates (anyone can register to become a delegate)
>people vote for these delegates with how much money is in their wallet
here's where it gets dank as hell
>anyone can unvote at anytime and change to another delegate
>delegates often pool their Ark earnings with the voters
>yes you can get paid with Ark by voting for delegates
>/biz/ has created their own delegate with 100% payout for the first 50 days of forging ARK
>When we hit 500K some anons shifted gear into maximum over FUD
>This how you know we're becoming powerful


/biz/ Ark PoolDelegate Discord: https://discord.gg/ZyM6FZy

if you want more information check these links
HOW 2 VOTE: https://blog.ark.io/how-to-vote-or-un-vote-an-ark-delegate-and-how-does-it-all-work-819c5439da68
biz Proposal: https://forum.ark.io/topic/341/100-payout-for-first-50-days-biz-sharepool-delegate
Delegated PoS: https://blog.ark.io/dpos-and-ark-voting-explained-68596a171ca1
Whitepaper: https://ark.io/whitepaper/
Official Ark Devs/community Slack: https://ark.io/join-ark-slack/
Current delegate rank standings: https://www.arknode.net/VoteReport.txt
First three bizarkpool threads:
http://archive.is/Cwhch
http://archive.is/51wz3
http://archive.is/CXt4g

Previous thread >>2384513

>> No.2386116

ARK ABOUT TO MOON HUGE BUY WALL JUST WENT UP

>> No.2386144
File: 95 KB, 634x968, 1494046538485.jpg [View same] [iqdb] [saucenao] [google]
2386144

we did it guys
we bankers now

>> No.2386150

>>2386102
HOW LONG TIL WE /NUMBAH ONE/?

>> No.2386152

>>2386116
Omg omg really anon???

OMG

>> No.2386156

>>2386116
Where?

>> No.2386177
File: 369 KB, 500x501, spirit_bomb.gif [View same] [iqdb] [saucenao] [google]
2386177

WE FUCKING DID IT LADS

>> No.2386194

got ~1100 in
so I should be making ~0.5 a day right?

>> No.2386206
File: 61 KB, 1280x720, Monochrome (83).jpg [View same] [iqdb] [saucenao] [google]
2386206

In less than a week we made it! Ark bros are the best bros! Congratulations all who helped us get here!

>> No.2386221

>>2386194
yes but the amount you get is becoming smaller the more votes we get now. We would like to stay below 1 mil votes.

>> No.2386226

You get into top 51? I got like 130 ark, not sure that would even make a difference in the pool

>> No.2386239

we will all be in Lamboland by 2020.. see you there guys

>> No.2386248

>>2386226
toss it in. gotta stay on top.

>> No.2386282

>>2386248
Might as well. It's just sitting on the exchange anyway. Is the bot still keeping us down?

>> No.2386283
File: 33 KB, 493x276, 1437061899737.jpg [View same] [iqdb] [saucenao] [google]
2386283

>>2386102

>/BIZ/ RAISED SEVEN HUNDRED THOUSAND AMERICAN DOLLARS IN LESS THAN 6 DAYS

that's fucking impressive

>> No.2386293

>>2386282
buy orders are trickling in, there was serious dipping before

but looks like its calmed down

>> No.2386299

The battle is won but the war is not over.

We need to pool another 150k or so to secure our position. As things stand we are dangerously close to being knocked out by anyone else who makes it into the top 51. We should aim to get to around rank 30 or so for maximum comfort.

>> No.2386306

>>2386283
Is there a place to see how many people that is total?

>> No.2386309

So proud of you guys.

I'm really looking forward to the future for once in my life; Ark has a great and friendly community, the devs are solid, the coin has great tech backing it and it's still super early (Ark hasn't even been out for 3 months).

We really are all going to make it. Don't sell for at least a year.

>> No.2386312

>>2386306

>https://www.arknode.net/VoteReport.txt

473 Voters

>> No.2386325

delegate monitor is not working for some reason https://explorer.ark.io/delegateMonitor

>> No.2386331

>>2386283
apperently there was one guy with 100k ark though...

>> No.2386332

>>2386102
How much ARK are we being paid for doing this? All it says is "100% payout for the first 50 days of forging ARK". I have a fair amount of ARK to contribute but is it really worth it?

>> No.2386339

>>2386332
the more you have, the more you get

>> No.2386346

>>2386332
what else are you going to do with your ARK while hodling

>> No.2386347

where do you all see this coin in a year?
how about three years?

poorfag so only holding 50 but I'm trying to scrape together more money to throw at this thing

>> No.2386363

>>2386309
The journey is just beginning, not all of us will make it to Lamboland. Whales will shake out many weak hands along the way. Only those who possess hands of an Iron grip will remain long enough to reap the rewards. God speed anons.

>> No.2386383

>>2386347
5-10 dollars by the end of the year. 50+ in 3 years.

>> No.2386387
File: 29 KB, 689x693, absolutepointman.jpg [View same] [iqdb] [saucenao] [google]
2386387

Oh damn i'm in, just waiting a few days before i can refuel my wallet, my bank is slow as fuck.

>> No.2386390

>>2386332
The formula to calculate out your gains is

422*(<your Ark in your wallet>/<total Ark in the biz pool>) = daily amount of Ark earned

The payout comes once a week. If you have a lot of Ark it's extremely worth it.

>> No.2386403

>>2386390
What's a lot of ARK?

>> No.2386405
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2386405

https://explorer.ark.io/address/AaPN5Sr4duPrwXX3E6smeQ7GfnXNaUPUCq
We fucking did it, keep those ARK flowing.

>> No.2386411

put another 4k Ark in let's secure our position and get rich together

>> No.2386416

here is a direct address to see our uptime and how many arks our pool has forged because the explorer isnt working right.
https://explorer.ark.io/address/AaPN5Sr4duPrwXX3E6smeQ7GfnXNaUPUCq

>> No.2386421
File: 105 KB, 238x317, arkn.png [View same] [iqdb] [saucenao] [google]
2386421

Ark is the next Eth.

>> No.2386423

>>2386403
I would say anything over 5k is a pretty hefty load.

There's literally no reason not to stake though, unless you only have like 10 Ark or something since voting costs 1 Ark.

>> No.2386429

>>2386390
Where can you see total ARK in biz pool?

>> No.2386431

so the delegate name im voting for is biz? i know im a fucking retard i just wanna make sure we stay on top and im voting for the right delegate

>> No.2386435

voted for 500, wish I had more, good job guys we made it

>> No.2386438

>>2386429
https://www.arknode.net/VoteReport.txt

>> No.2386441

what happens say I take all my ARK out of my wallet to buy another coin to sell at a peak and that process takes 10 hours or whatever. What are the rules for this? If I want to get paid the full amount all week must I keep my ARK in my wallet all the time?

>> No.2386448

>>2386390
Thats 20% from my calculation. Way better than putting your money in bank

>> No.2386449

>>2386431
yes

>> No.2386456

can we reach 1 Million??

>> No.2386463

>>2386448
*annual interest

>> No.2386466
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2386466

>>2386416

>> No.2386471
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2386471

>>2386438
Thanks anon, 3.9 ARK per day here, a whole ot better than the ~1.5 I was getting.

>> No.2386474
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2386474

>>2386456
see:
>>2386449

>> No.2386485

do i really need to download the desktop client? no web wallets?

>> No.2386486

>>2386448
You're also speculating on the success of Ark. Say you make 3 Ark a day from staking, and Ark eventually goes up to $10 a coin (which, honestly, is pretty realistic). Suddenly you're making $30 a day by doing nothing, 7 days a week, 365 days a year.

>> No.2386496

>>2386485
It's lightweight, no syncing the whole blockchain or anything. If you want to vote, your stack has to be in the official wallet.

>> No.2386593

sorry guys i had to sell my 500 ARK i had to jump into ETH train because i am still not verified on any of other sites.

I will buy back in when they allow me

>> No.2386620

I'm going to fuck around with the bot for a bit. If you believe in ARK, this might be a good time to buy.

>> No.2386659

>>2386102
Is there a benefit to voting after the node is in the top 51?

>> No.2386668

>>2386620
Lmao this bot is unfuckable. It seems like (((they))) are still accumulating ARK.

>> No.2386670

>>2386659
nodes 51 and up are awarded ARK while forging for the network

>> No.2386674

>>2386668
yeah you can, just watch it and buy when it's low

>> No.2386677

>>2386102
snowball system pretty much?

>> No.2386687

23!!!!!!!!

>> No.2386694

>>2386102
Wow, just jumped to position 23

>> No.2386698

WE JUST FUCKING ROCKETED INTO 23

>> No.2386711

>>2386687
>>2386694
>>2386698
Someone realized the 100% arkpool ig

>> No.2386713
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2386713

Aw, my payout.

>> No.2386714

/BIZ/ FUCKING MANAGED TO POOL TOGETHER $850,000 FOR A FUCKING INTERNET COIN. WE MOONING

>> No.2386741
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2386741

>>2386283
>>2386714
Realistically we could pump a small coin ourselves if everyone was willing to put in a little.

>> No.2386752

>>2386741
We really should

>> No.2386796
File: 48 KB, 480x270, yDqS2VK.jpg [View same] [iqdb] [saucenao] [google]
2386796

>>2386752
What do we need?

No pre-mine
No ICO
No previous acquisition
Low volume
On a decent exchange
?

>> No.2386808

Is our delegate called biz? Can't find it in the top 51 list.

>> No.2386812

>>2386796
how about we need someone to develop an actual coin for us..

>> No.2386817

biz just went up to rank 21 from rank 51... wth ???

>> No.2386819

>>2386812
/biz/coin

so decentralised, its painted against the walls

>> No.2386823

>>2386808
#21

>> No.2386831

>>2386808
https://explorer.ark.io/address/AaPN5Sr4duPrwXX3E6smeQ7GfnXNaUPUCq
Name is "biz"

>>2386812
We have tried and failed in the past https://bitcointalk.org/index.php?topic=733070.0
Might do better now as /biz/ has grown a heap.

>> No.2386832

>>2386102
Have I missed the boat on this one>?

>> No.2386834

Is it too late to vote

>> No.2386836

Is there still a payout for people late to the party?

:(

>> No.2386844

>>2386832
Anything under $1 will be a win if you hold but you have missed the instant return.

>> No.2386852

>>2386832
>>2386834
>>2386836
You can vote to join anytime

>> No.2386854

>>2386823
>>2386831
Got it.

>> No.2386874

I'm new at this thing, how do I join you peeps?

>> No.2386877

>>2386390
Following that formula you would need around 2100 ark just to get 1 per day with the current total ark in the biz pool. If anyone wants to buy in, might as well do it now.

>> No.2386894

>>2386874

https://blog.ark.io/how-to-vote-or-un-vote-an-ark-delegate-and-how-does-it-all-work-819c5439da68

just make sure to vote for biz rank 20

>> No.2386900

>>2386877
When is the first payout considering we're on the top 51 now

>> No.2386907

>>2386852
How do I get ARK?

I'm happy to do the vote but don't have the minimum amount of ARK required

>> No.2386930

>>2386907
you can buy it at bittrex... you need 1 ark as a fee to be allowed to vote. the more ark you hold, the more you receive out of it

>> No.2386939

>>2386930
Thank you

>> No.2386980

>>2386900
What kind of returns are you expecting to make per ARK invested

>> No.2386989

>>2386930
i'm super new to buying coins, I made an account at bittrex, so how do i get started with even buying 1 coin???

Is there a site where i can learn how to do that?
missed out on the eth hype.

>> No.2387035

>>2386989
Do you have any bitcoin? Basically, on Bittrex you can buy and sell coins (usually on the bitcoin market). If you have some bitcoin you need to send it yo your bittrex address. Then you buy some ARK on the market. Then you send that ARK to your desktop ARK wallet. Then you can vote. Take it slow so you don't make any mistakes.

>> No.2387045

>>2386980
How much will 200 ARK get me

>> No.2387054

>>2387035
i dont have anything. im fucked.
yesterday i took a look on ETH as i was curious on what $ it was right now, as i remember to be around 1$ a year or so ago when i first looked and thought the shills were in. of course i didnt pursue it or thought about it anymore, now it goes through the roof and im sitting here with nothing.

i have no coins at all and want to start doing something.
can you just buy 0.1 BTC or how does it work?

>> No.2387059

>place 20
Guys what the fuck we just need to be top #51 not go for the top spot. The more people chip in now, the less we all get.

>> No.2387077

>>2387054
Yes, you don't have to buy a whole BTC. How you get your first BTC depends where you live I guess. Go on youtube, there are tons of videos explaining everything.

>> No.2387084

>wake up for a sec
>check rank really quick
>not 51
>not 52
>not 50 or even 49
>wat.jpg
>what the hell rank are we
>use ctrl-f
>we're 20
>you magnificent bastards

>> No.2387096

>>2387077
thank you!
godspeed breh

>> No.2387102

>>2387084
Once this thread dies we should stop making them until we are starting to fall near the bottom of the rankings again, or else we're just going to get a bunch of people jumping on the bandwagon now that we made it into the Top 51, who wasn't willing to contribute before.

>> No.2387110

>>2387102
This, the wales are going to kill everyone else's gains

>> No.2387122

the whales are already going to kill it guys. small bag holders are not going to get much. in a very short space of time from hit top 51 you jumped from 51 to 20 in the delegate list meaning someone or a few people pointed a decent bit of ARK at the delegate.

>> No.2387152

>>2387035
Wow it's slow transferring to bittrex

>> No.2387169

bittrex require 51 confirmations after they receive it for it to go in your wallet

>> No.2387177

so when should we expect the first payment ?

>> No.2387193

>>2387169
Only needed 2 this time

>> No.2387259

is there anywhere I can buy ARK for straight normal money?

I only have 150 bucks worth of ETH and I want to HODL it, but if I can buy shit with paypal I have aussie dollars to spend

how2do? I want to get in on this

>> No.2387289

I've voted.

How do the payouts work - monthly? straight to the wallet I voted from?

>> No.2387522
File: 54 KB, 1226x512, ANT.png [View same] [iqdb] [saucenao] [google]
2387522

i think the bot worked on ANT (Aragon) before ARK. check out the chart of ANT. it looks exactly like ARK

>> No.2387529
File: 39 KB, 1254x500, ARK.png [View same] [iqdb] [saucenao] [google]
2387529

>>2387522
and check out ARK

>> No.2387650

>>2386102
If I increase my wallets amount of ARK do I have to revote for the biz delegate?

>> No.2387655

>>2387650
Nope

It automatically adds to your stake in the pool

>> No.2387657

>>2387655
Great, thanks!

>> No.2387665

>>2387657
Sure thing! See you on the moon (I hope).

>> No.2387963

>>2386102
does the amount of ark I had at the time of voting count no matter what my current balance is now (regarding the payout)? I moved some ark back to bittrex

>> No.2387974

>>2386102
can I vote from bitrex?

>> No.2387997

>>2387963
>>2387650

>> No.2388010

>>2387974
>>2386485

>> No.2388024

>>2387997
yes I just saw that too but I'm talking about decreasing not increasing the amount of ark in the wallet, and in the first thread a lot of information was implying strongly that only the amount of ark at the time of voting counts

which also makes sense since it gives you an incentive to revote (reevaluate your decision) and makes the cost of 1 ark as a fee for having your current amount counted a bit more plausible

>> No.2388114

>tfw no computer access for another 4 weeks
This is killing me, please tell me there is an android app or something in the works?

>> No.2388249

>>2388114
yes they are working on mobile wallets for android, windows and apple phones

>> No.2388264

>>2388024

payouts are based on the amount your are voting with at the time of payout. if you increase your wallet balance your payout will go up and if you decrease it will go down

>> No.2388382

Now that we are over 51 all the whales are getting it for the payouts REEEEEEEEE!

>> No.2388432

>>2388382
You do realize that's a good thing? /biz/ alone couldn't outfight the whales for long, this gives us a competitive edge into the future.
Now, people have to offer 90% payout to beat our node, we'll be one of the top nodes just because of that.

>> No.2388454

>>2387259
Nah, just hold your ETH then or put like .01 into ARK. You'd have to buy from another anon, I doubt localbitcoins would have it.

>> No.2388493

>>2388454
Rgr, hodling shall continue

>> No.2388506

>>2387045
1 ark every couple of weeks

>> No.2388523

>>2387122
This is why I was against advertising on other forums for the first week or so but oh well, 100% returns for the first 50 days is still nice.

>> No.2388528

I have 40k ark.

What would you all like me to do?

>> No.2388589

>>2388528
if you intend to hold, move it to your wallet, spend 1 ARK to cast your vote and enjoy your gains
422*40000ARK/965000ARK=17,49222797927461ARK, your share of the pool

>> No.2388595

>>2386102
I'm in! Just voted! This will be great; barely got omboard Ethereum in time, but I really believe in the Ark.

>> No.2388630

>>2388589
>422*40000ARK/965000ARK=
newfag here, what is the 422 and 965000 ? and when is every payout ?

>> No.2388646

>>2388630
see formula here >>2386390

>> No.2388660

>>2388646
thanks man.

422 is the number of holder ?

>> No.2388663

>>2388646
When do the payouts begin though?

Is there a minimum threshold?

>> No.2388681

>>2388663
once a week, a week from now if I understand correctly
our node just broke into top 51, thereby beginning to make money

>> No.2388699

>>2388663
oh and there's no minimum, however miniscule amounts will result in miniscule gains since each anon's share is proportional to the ratio between anon's wallet balance and the entire pool balance

>> No.2388720

>>2388699
What if i deposit more ARK into my account, would my new balance be considered for the payouts or will it use mine at the time of voting?

>> No.2388722

>>2388699
I only have about 150 ARK but I'm happy with that.

>> No.2388732

>>2388660
422 is the amount of ark a delegate forges per day (this may be higher as they get 0.1 fee per transaction included in the blocks they make)

>> No.2388759

>>2388720

always uses the figure of ark in your wallet at the time payments are issued

>> No.2388812

>>2388732
So /biz/ is collectively making 400 dollars a day from this stuff? That's pretty cool.

>> No.2388853

>>2388589

Is that daily? What is the payout frequency?

>> No.2388864

>>2388853
affirmative; as far as I know the payout frequency is weekly to cut down on tx fees

>> No.2388882

>>2388853

payout frequency has been stated as being weekly

>> No.2388947

>>2388812

yeah but dont forget the price can rise and fall. Hopefully it will keep going up though

>> No.2389487

>>2386363
Godspeed, friend

>> No.2389604

Is that worth doing with only like 5~20 ark in wallet? Do I vote only once?

>> No.2390505

for those wondering what type of return they will get check this calculator
https://docs.google.com/spreadsheets/d/1FGo3FkC3uSWXGHatPQyny2brMWjAIJsHFCR-Lhkl_m0/edit?ts=593d5dfc#gid=0

Bis delegate is included on there

>> No.2390513

>>2386741
Like DGB?

>> No.2390543

Are we actually still dependent on wales?
I would just like to point out that its also an option to limit the maximum contribution to the payout.
This way the wale influence could be limited but we would be losing their votes most likely.

>> No.2390595

>>2390543
That may not be a bad thing if we can hover in the 40-30 rank range.

>> No.2390642

>>2388699
Also have to take into consideration the transaction fees which are 0.1 ARK, which will eat up your returns if your a small holder.

>> No.2390709

>>2386486
how much would you need to stake to make 1 ark a day?

>> No.2390716

>>2390709
About 2k

>> No.2390752
File: 150 KB, 750x1334, Photo Jun 10, 6 36 09 PM.png [View same] [iqdb] [saucenao] [google]
2390752

>>2390716
welp.

>> No.2390766

0.1 ARK trading fee is so high a lot of other coins have it around 0.0001~ for withdrawal / deposit fees

>> No.2390773

>>2390752
Thats still about 0.5 ARK per weekly payout, even after substraction of the transaction fee.

>> No.2390798

>>2390773
>260/yr if it goes to $10

willickers I'm rich

>> No.2390800

>>2390752
You'd make .48/wk after the transaction fee. It's not much, but as ARK prices rise it gets better, amd if you're holding anyway you may as well stake.

>> No.2390835

>>2386102
Wait WHAT THE. We jumped to #14. With 900,000. ALRIGHT STOP, GET THE FUCK OUT. ANY MORE PEOPLE IS JUST DILLUTING THE PAYOUT.

>> No.2390846

>>2390752
I see three things on that list you could minimize to better your stake.

>> No.2390869

>>2390835
I dont think this is a problem we can solve by telling people to "get out".

>> No.2390897

>>2390846
>trading ETH as it continues to spike weekly
>$37 worth of STRAT for whopping ~37 Ark
>.04 cents of mooncoin

???

>> No.2390914

>>2390869
And it's not something we can solve by making a new pool either. Same thing will happen. I have an idea, but it would take coordination and trust.

>> No.2390960

can a delegate set max pool size? 422 seems to be constant so increasing the pool size is counterproductive

>> No.2390963

>>2390914
I also do have some ideas. One of them I posted here >>2390543
Im sure if we put our heads together will find a good solution to this problem and without excluding people on /biz/.

>> No.2391012

why did i lose my vote? wtf

>> No.2391022

I had to pay twice to vote.....welp...2 arks lost.

>> No.2391088

AYLP41pPripSwdxooTrBZNhEMcgeHzx9Zg
pls giff back 1 ark

>> No.2391147

Will this manipulation of the price ever end?

>> No.2391168

>>2391147
Not really, but it ARK will rise once the wales decide that its time for it to rise.

I really hate crypto for this kind of shit.

>> No.2391176

>>2391147
Next year in Jerusalem.

>> No.2391240

>>2387522
>>2387529
meant for >>2391147

i think the same group or whale that manipulated ANT is now working on ARK. so we might see a big pump in 1-2 week

>> No.2391249
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2391249

We could go top 5 easily and perhaps even NUMBER ONE. Don't stop buying ARK goys!

>> No.2391317
File: 1.80 MB, 1440x2560, Screenshot_2017-04-21-00-44-40.png [View same] [iqdb] [saucenao] [google]
2391317

>>2391249
Weekly deposits for me

>> No.2391346

>>2391249
That's not a good idea.

>> No.2391376

>theres only 1633 voters on the entire world
>500 are either from /biz/ or not from /biz/ but still voting for biz
This is kind of crazy.

>> No.2391417

>>2391376
It's why we're gonna make it.

>> No.2391651

>>2391376
Do you see bbcuckclub at number 52. The "whales" we beat out to get into the top 51. They were FUDding all our threads trying to cause discord. All they did was make us stronger. They have been trying to add ARK to their pool but they still can't get into the top 51, all because of us with our tendie bux :)

>> No.2391698

>>2391168
Yeah, I'm all for making money but whales can fuck off.

>> No.2391749

>>2391249
The more people doesn't it decrease our profit sharing. I voted around 70 members

>> No.2391769

>>2391749
It's not people, but total ARK in the wallet.

>> No.2391825

>>2391749
Even worse it means that more money is burnt on transaction fees. We currently have 524 voters. With a weekly payout for everybody this means that we are spending 52,4 ARK each week.
Since we have 422 ARK per day this means that 52,4 / ( 7 * 422) = 1,75% of the total ARK payout is currently burnt each week.

>> No.2392142

How is this not a ponzi

>> No.2392177

Is our group seriously in the top 15? Holy fuck, it wasn't even in the delegate threshold when I checked last night.

>> No.2392178

>>2392142
>https://blog.ark.io/dpos-and-ark-voting-explained-68596a171ca1

>> No.2392181

>>2392177
Shows you how small the crypto world is and how worthless these coins are.

>> No.2392206

>>2392181
>Likes to buy things when they are expensive.

>> No.2392330

>>2392181
Or it shows who will be first at the lambo dealership next year :^)

>> No.2392374

>>2391651
>tendie bux
Some of us actually have jobs. But if you can avoid that by day trading penny-cryptos with your Chinese cartoon forum friends, go for it.

>> No.2392407

>>2392374
The wageslave giving us shit? That's rich.

>> No.2392443

>>2392407
I'm not giving you shit. I'm serious. If you can avoid it, do that.

>> No.2392518

When's the first payout reeeee

I'm ready for my 0.04 ARK

>> No.2392528
File: 4 KB, 471x19, 1millionarkforbiz.png [View same] [iqdb] [saucenao] [google]
2392528

Fucking whale leechers
REEEEEEE

>> No.2392569

>>2392518
tonight is the celebration "we did it lads" payout! After that, payout will be weekly.

>> No.2392576

>>2392443
Ah, mistake. Sorry for misunderstanding.

>> No.2392616

>>2392569
cant we scare out all the non /biz/ whales somehow. being rank 40-50 seems to be the best place to be

>> No.2392731

>>2392528
Maybe we need to introduce some system to ensure only /biz/ voters getting a payout.

>> No.2392766

>>2392616
35-45 is better. More of a buffer.

>> No.2393039

>>2392731
Would his actually be possible? That would be pretty cool. The only risk is that we don't know how many whales are not from /biz/ that will unvote when they find out. We won't know if they have enough voting weight that losing them would knock us out of the top 51

>> No.2393125

>>2393039
Well, as far as I know the delegate has 100% control on how he organizes the payouts.
We could for example keep a list of all /biz/ voters (by having people post their address in a /biz/ thread) and only they then get a payout.

I doubt random whales actually browse 4chan, if only because they are afraid of being infected with child porn viruses.

>> No.2393127

Is the price not gonna be shit any time soon

I'll just buy the dip and make a suicide thread when this is worth 50 cent

>> No.2393143

>>2393039
I'll put it like this, 3 out of the top 5 wallets voting biz only did so after we were top 51.

>> No.2393166

>>2393143
then the delegate shouldnt pay the big whales...so they can fuck right off

>> No.2393174

>>2393125
I wouldn't be surprised if they did lurk here actually, there still aren't that many normies investing in crypto yet.

>> No.2393189

>>2393143
Yeah I had a feeling that as soon as see made it into the top 51 the leaches would come in force...

>> No.2393191

MASSIVE SPIKE HOLY SHIT WHAT

>> No.2393203

>>2393125
The bbcuckclub that we ousted from the top 51 came in here and tried to hijack threads and cause FUD. Enemies are everywhere.

>> No.2393221
File: 33 KB, 1176x561, 651463514651465146541.png [View same] [iqdb] [saucenao] [google]
2393221

>>2393166
>>2393189
I mean seriously, look at this kike, stayed out of our pool until we were already top 51, then jumps in as the biggest wallet in the pool.

>> No.2393283

>>2393221
I propose that we make a list only posted on here where we submit our addresses to a document created by magnet bro, where only verified /biz/ addresses & wes are eligible for payouts. The leaching whales can fuck off.

>> No.2393315

>>2393191
Oh shit your right, its still pumping.

>> No.2393369

>>2393315

Should I short to buy back in at lower price?

>> No.2393380

hey boys i am down to sign shit and keep it biz bros only. i already voted but have a measley 29. if i just buy like 20k from bittrex then send it to my wallet will i get more stake or will i have to send more in votes?

>> No.2393407

>>2393283
If magnet goes for this I think we absolutely should. Not sure if he will or not though since he advertised it as open to everyone on ark forum.
>>2393380
you'd get more stake automatically.

>> No.2393445

>>2393315

Should I short to buy back in at lower price?

>> No.2393537

>>2393445
None of us are sure when bot will stop fucking with the price so its always a risk

>> No.2393545

>>2393369
>>2393445
I dunno man. With all the manipulation thats going its probably going to dip back in the next hour, if not minutes.

Also, I wonder, with the system thats currently in place. Could I not theoretically sell my ARK and buy back in just before payday? In fact, could I not check out all the top 51 voters for their paydays and if I have a payout >2 ARK I could then just flip my vote accordingly?

>> No.2393561

!!! REMINDER !!!
Nobody's getting paid unless they invest at least $3000 into the coin. t. /(((our))) guy/ magnet.

>> No.2393583

>>2393561
>trying to scare off small voters to make you share bigger
anon pls

But we should have an indepth discussion minimum, maximum investments, /biz/ exclusivity and so on.

>> No.2393584

>>2393561
FUD, he isn't even online

>> No.2393587

>>2393561
bullshit

>> No.2393626

FUCKING WHALES GET OUT OF MY POOL
I WANT TO MAKE IT SOMEHOW THIS IS MY ONLY CHANCE
REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>> No.2393630
File: 429 KB, 1109x1305, 1408032970702.jpg [View same] [iqdb] [saucenao] [google]
2393630

Ok nerds, I got ARK in my bittrex wallet. The next step iw create a wallet on the ark desktop client ive already downloaded, yes?

>> No.2393638
File: 100 KB, 750x1334, IMG_5421.png [View same] [iqdb] [saucenao] [google]
2393638

Can you spot the JUST in my purchase history ?

>> No.2393645

>>2393283
I like it. Bandwagon ass fucking whale. If they don't fuck you coming, they fuck you going. Fuck whales

>> No.2393669

>>2393407
Advertisments can be changed, Im sure.

>> No.2393690

all the talk of making this biz only is pointless. you cannot stop anyone voting for the pool.
>>2393545

most delegates are using fidelity checkers. some with one day and some with longer.
this means you need o vote for them for at least one full day to get full payout otherwise you ill get part payout depending on the fidelity they use

>> No.2393712

I clicked create account and got a string of random words. I assume this is some kind of key. Can I mash new account til I get a string of words I like? Or does it not matter at all?

>> No.2393721

>>2393690
No, but you can sure as shit change who gets paid.

FUCK YOU, WHARU!

>> No.2393729

>>2393690
What stops us from implementing >>2393283?
Sure everybody can vote, but cares? We are in power regarding the payout process. Just like people use such checkers we can do our own.

>> No.2393734

>>2393712
Disregard those group of words. It's just making sure you're not a bot

>> No.2393740

>>2393561
I see the tard guard has left the door open again.

>> No.2393748

>>2393690
I'm not saying we should make it /biz only, but fucking whales jumping in as soon as we make the cut is bullshit. Also the fact that this particular whale is going to hork down the lion's share of our booty

>> No.2393749

OK I made an account and I have an address starting with AUZ. I assume it's safe to post that address here? Is the next step to shoot my ark from bittrex to that address?

>> No.2393754

Did the last spike trigger some kind of turbo load off or what

>> No.2393776

>>2393749
Yep and dont forget to save the pass phrase.
After you got some ARK in your wallet you can vote.

>> No.2393795

>>2393712
make sure you keep those words saved or you'll lose access to your arks. If you'd like different words you can reroll I guess.

>> No.2393855

>>2393729

yes there is the possibility of blacklisting addresses in the payment script. its just a pain in the arse to do and you would have to do it every time someone new not from biz votes. meaning you would effectively need someone to be able to cross check each new address to make sure it is someone from on here and if not update the black list on the delegates computer

>> No.2393861
File: 20 KB, 808x124, Screen Shot 2017-06-10 at 10.54.43 PM.png [View same] [iqdb] [saucenao] [google]
2393861

lads I'm doing it

>> No.2393866

>>2393583
You can head over to the archive and look at the previous thread if you don't believe it.

>> No.2393902
File: 173 KB, 886x406, Screen Shot 2017-06-11 at 12.51.01 PM.png [View same] [iqdb] [saucenao] [google]
2393902

WTF my screencap tool doesnt work on the ark client.

Anyways now that I have ARK in the client wallet, how do I get in on the biz crew?

>> No.2393909

>>2393866

I would say minimum to be 1000 right now, as things stand with current vote weight that is 0.37 ARK a day you will earn.

If you guys can shake out the extra voters then you can look at lowering the minimum as there will be more to go around.

>> No.2393918

>>2393855
Whats the problem with whitelisting?

>>2393866
Delegate anon was talking about the first payout there though. And not specifically about 3k (thats what other anons were discussing them). According to him, having a few 100 ARK wouldnt be enough in the first payout we would be getting today.

But since we are only in the top 51 since 2 days thats kind of to be expected to be honest. If we let the ARK accumulate for an entire week its a different story.
If need be we can also have longer payout periods. I dont see a reason for pointlessly burning ARK in transaction fees anyways.

>> No.2393935

OK I clicked add delegate and type in biz and now it says rank 12 biz thats theres an AaP address and the vote box is checked.

Now what?

>> No.2393940

>>2393902

the ark client has a built in feature to stop it being screen shot or viewed if someone remotes in, stops someone potentially getting in and if they find your passphrase moving your ark to them

>> No.2393954
File: 47 KB, 610x168, Screen Shot 2017-06-11 at 12.54.33 PM.png [View same] [iqdb] [saucenao] [google]
2393954

>>2393940
Roger that. Found it.

>> No.2393955

>>2393935
Now you hope that you have enough ARK.
Or calculate it with the formula >>2386390

>> No.2393982
File: 43 KB, 858x408, Screen Shot 2017-06-11 at 12.56.36 PM.png [View same] [iqdb] [saucenao] [google]
2393982

>>2393955
Whats the total ark in the biz pool?

Do I need to do anything else here?

>> No.2394000

>>2393918

you cannot whitelist, only blacklist a address in the current version of the payment script.

to blacklist you need to make a list of every address voting for your pool you do not want payments to go to and then run that list as part of the payment script meaning you have to keep the list updated manually. is you want the pool to be exclusive to here that could potentially be a pain in the ass and a lot of work to maintain.

first payout i going to be based on one days forging. meaning the payout for 1000 minimum I specified will be about what people should be expecting (it may be slightly higher but not much). Those with small bags will get less if anything due to the number of votes the pool has

>> No.2394007

>>2393982
Nope, all done. You can find the up-to-date total ARK on here
https://www.arknode.net/VoteReport.txt

>> No.2394015

>>2386102
fml already #12!

>> No.2394019

>>2394007
WTF the biz pool has 1m ARK?? It was like 500k last night...

>> No.2394020

>>2393982
bit over 1 million and you're good

>> No.2394024

>>2394000
Surely the payment script can be modified since its ran by the delegate?

>> No.2394043

>>2394019
Which is why we are having quite some discussions about biz exclusivity and dealing with whales.

>> No.2394044

>>2394024
It can, he's assuming we're using basic arky script, which considering that we have people with programming experience on board we aren't necessarily limited to.

I would be more than happy to chip in on a bounty for this.

>> No.2394055
File: 3 KB, 660x54, vcdsahcidsac.png [View same] [iqdb] [saucenao] [google]
2394055

someone tell me if this is right. Why does my vote say from ARK 1 to ARK 1 (ARK1 is my wallet)

>> No.2394056

>>2394007
According to my calculations my 200 ark stake will yield .08 ARK. How often do I get that?

>> No.2394066

FUCKING RANK 12!!!!! I was one of your first voters man. You are a good man OP. Lets do this!

>> No.2394080

>>2394024

certain parts of the script functions can be controlled by the delegate but it is a python script written by a member of the ark community.

I imagine the amount of customistion of the actual script itself is small to nil unless someone is willing to decompile the exe etc and play around with it.

>> No.2394086

>>2394056
Currently we have agreed to weekly payouts.
So every week 0.08 * 7.ARK, but theres also the transaction fee of 0.1 ARK. I dont know how this is factored into the script.

>> No.2394093

>>2394066
What does it mean if we go higher in rank for us? Anything?

>> No.2394107

>>2394086
what day is payday?

>> No.2394119

>>2394086
>every week 0.08 * 7.ARK
Where does the 7 ark come from? I'd be cool with getting half an ARK per week for doing nothing.

>> No.2394120

>>2394044

you are right I am assuming you are using that tool as that is what is stated by the delegate in the proposal.

if you guys can write your own to work how you want it to then that is probably better for you than using the one provided by the community

>> No.2394143

>>2394080
So we only have a precompiled exe? No .py?

>>2394107
Today will be the first payday. But Im not sure if you have enough ARK to get anything today.
See >>2393918

>>2394119
A week has seven days Anon.

>> No.2394170

>>2394093
lower payout

>> No.2394174

>>2394143
ight I have ~200 ARK in my wallet that I just put in. Assuming I won't be getting anything this week or what?

>> No.2394177

is it cool with voters if I execute payout right now on our 214 ark we forged so far, so fuds can stfu already (btw im digging the productive discussion im seein)

>> No.2394193

Where do I check our rankings?

And do I get paid in my wallet?

I voted with like 250 or so ARK coin (-txn fee)

>> No.2394197

>>2394143
I'm an idiot and missed the word 'daily' from your formula.

So if I stake 400 ARK right now I'd be getting an ark per week? That would entice me to double down on my initial 200 stake.

>> No.2394210

>>2394174
Im not sure. Curious myself to be honest. Thing is theres a 0.1 ARK transaction fee and you would be getting less than 0.1 ARK so I dont think you will be seeing anything today.

>>2394177
Thats kind of a pointlessly small amount but sure why not. Gotta celebrate.

>> No.2394228

>>2394170
Fuu I love my Biz bros but build the wall!

>> No.2394232

>>2394197
I think you'd get a bit less but it'd be close to that.

>> No.2394297

>>2394143

there are .pyd and a exe in the payment script folder

>> No.2394327

>>2394210
oh shit, that makes sense. So in magnet's proposal, he describes the thing as an ant-hill where many small contributors are coming together. But if those small contributors can't make gains because of transaction fees, then what's the point of voting if you're never going to see any returns?

Do they really charge transaction fees when distributing ARK forged? If that's the case then why isn't the payout set to monthly or held until a sufficiently large amount has been forged?

>>2394177
>>2394177
pls weigh-in. Will pull my vote if there's no way I'm getting anything back

>> No.2394346

>>2394327

each transaction has a fee of 0.1 ark which comes from the voters share of the ark forged. so anyone right now not getting more than 0.1 ark will not get anything in todays payment run

>> No.2394350

>>2386283

never knew these neets had no much money

>> No.2394383

>>2394327
There are various ways we can tackle this issue. For example by extending the payout period we could reduce the number of transactions and increase the payout.

Also we could go full socialism and subtract the total transaction fees before calculating the individual payout, thus ensuring that everybody will be getting a payout no matter how small his investment.

>> No.2394387

>>2394327
Also, if this is an "ant-hill" project, why are whales allowed in?

>> No.2394399

>>2394327
Pulling out your vote will cost you 1 ARK.
And then casting your vote again should you decide to participate again will again cost you 1 ARK. So...

>> No.2394445

>>2394387
this. Whales OUT

>> No.2394453

>>2394387
I would also like to know this

Magnet, you should ask the devs if you can only allow people with under 100k Ark in.

>> No.2394459

>>2394445
or we use a list to somehow track biz people rather than anonymous whalefags

>> No.2394461

>>2394453
good idea

>> No.2394469

Kill the whales
Pay out the wallets that voted before today
Check this payment calculator

https://docs.google.com/spreadsheets/d/1FGo3FkC3uSWXGHatPQyny2brMWjAIJsHFCR-Lhkl_m0/htmlview

>> No.2394507

>>2394469
Also apparently you can limit the minimum payout quantity, so if you set it at 1 ark you could save a lot of coins by not paying out wallets that voted with 1/2 ark in them, since the transfer rates would waste more ark that way.

>> No.2394541

>>2394469
>Pay out the wallets that voted before today

This. The fatass whales who jumped in when we hit 51 and did nothing to help shouldn't be allowed in.

>> No.2394551

Convince me to go all in on ark

>> No.2394563

>>2394507

you can also limit the max payout if you wish to allow more ark to shared with smaller members

>> No.2394573
File: 4 KB, 465x46, Capture.png [View same] [iqdb] [saucenao] [google]
2394573

Shed some whales bois

>> No.2394588

>>2394507
how is the delegate keeping track of all this btw? Someone who pledges like 5 ARK should still get paid somewhere down the line. Why should wales get the low-pledger's profit?

I'm wondering... if voter X doesn't get paid this week because his payout is too low, does that missed payout carry onto the next week so he has a chance to be paid later on? Or is it "fuck you, your earnings this week go to someone else because you wouldn't see any of it anyway"

>> No.2394614

>>2394461
impossible to enforce: they could create n amount of wallets just under an arbitrary ceiling and vote n times for biz

>> No.2394627

>>2394588
It accumulates anon, we're not jews

>> No.2394629

>>2394614
Not exactly. Laziness is a thing and every extra wallet would reduce the income by the 0.1 transaction fee.

>> No.2394632

>>2394588

the way the payment script works is if each time it is ran and it does its checks if they have not earned enough of the current pool then they do not get paid. nothing is kept over for them until they reach a point where they could get a payment

>> No.2394634

>>2394453
>Also we could go full socialism and subtract the total transaction fees before calculating the individual payout, thus ensuring that everybody will be getting a payout no matter how small his investment.
>>2394461
The hell? I have around 300 Ark but not much else, I am not a whale

>> No.2394652

>>2394614
That's true. There would need to be a ceiling, a floor, and a confirmation that your wallet belongs to someone from from /biz/, and a max of like- 3-5 wallets per confirmed /biz/ voter

>> No.2394671

>>2394573
Nice this is perfect

>> No.2394676

>>2394627
>>2394632

contradicting

>>2394632
Currently, what's to stop whales from coming in and pushing all real /biz/ users under payment threshold?
>/biz/ cucked by whales

>> No.2394685

Did we all justs get cucked by whales? 3k ARK here who's in. Why shouldn't I pull out and vote a 40-51 member?

>> No.2394701

Everyone request ARK to be on Polo!

https://poloniex.com/coinRequest

>> No.2394705

>>2394685
Cos you're not a traitor?

>> No.2394714

>>2394701
Think it will spike the price? If we get get 500 Biz votes it may happen

>> No.2394718

do not be envious, anons
everyone gets a fair share, there's no need for authoritarian actions on a libertarian platform

>> No.2394721

>>2394701
>https://poloniex.com/coinRequest

THIS

DO IT FAGGOTS

>> No.2394727

>>2394685
Cause we have currently a 100% payout making biz the most rewarding node? But then again, sure pull out, means more money for us.

>> No.2394733

>>2394701
Holy shit, Ark's not even on Polo yet?

It's going to hit $10 so easily

>> No.2394734

>>2394551
See the OP of this thread. >>2390034

>> No.2394740

>>2394714
I've never seen a coin get added to a market affect its price

>> No.2394749

>>2394721
I suggest someone make a pastebin for the fields, which would aid non-technical anons in casting their vote

>> No.2394762

>>2394676

I know from my time with Ark how the payment system works. unless some one is willing to manually sit there and maually calculate how much each voter has earned and make those payments whilst holding back small amounts for those small bag holders, if you use the payment script it is all paid out each payment run

>> No.2394793

>>2393630
Yep

>> No.2394816

my measly 626 ark added!

>> No.2394831

>>2394762
Is correct about how arky works and this is why we need to implement our own system, because currently small stakeholders are getting fucked.

>> No.2394868
File: 91 KB, 981x977, 1477875735295.jpg [View same] [iqdb] [saucenao] [google]
2394868

>>2394652
Wait a second. I've been thinking about this for a it now.

>only way to keep whales out is to regulate which voters can get paid
>regulations mean fewer people willing to jump through hoops to get a piece of /biz/'s prize
>fall out of top 51

We;re at the mercy of whales. There is no regulating against them. The whole voting system is too easily manipulated by whales and crushes regular /biz/ voters.
>ARK delegate voting system is inherently broken

>> No.2394889
File: 23 KB, 400x397, fire.jpg [View same] [iqdb] [saucenao] [google]
2394889

Wheres the source for the voter payout distribution? Ill add in per-block rolling accumulation.

>> No.2394900

Can anyone send me ARK so I can cast a vote on biz?

>> No.2394924

>>2394900
>there are still people in here who dont understand the ARK voting system

>> No.2394949

>>2394868
larger stakeholders that are part of /biz/ have every incentive to jump through hoops as this also increases their profits.

>> No.2394951

>>2394924
Please explain, I just installed it.

>> No.2394954

>>2394831
>>2394762
that's really gay. I think it's immoral to push these /biz/ delegate threads if they're just cucking the guys with <1000 ARK

TBQHY I think /biz/ should stop these threads until a solution to the whale problem is found

>> No.2394985

>>2394954
People with a couple hundred ark could still be getting weekly payouts, its the people with under 100 that are really getting fucked. There's quite a few of these though.

>> No.2394997

>status: pending

Bittrex plz

>> No.2395005

>>2394954
While I get where you are coming from, I would suggest the opposite thread wise. There should be threads and discussion so that we can figure out a way to optimally deal will all problems (including whales) that we may have.

>> No.2395012

>>2394954
A few whales have already left. Probably because they saw us talking about blacklisting them. We are at rank 28 which means a good amount for all the shit tier ARK holders.

>> No.2395025

>>2394997
check your mail for confirmation link if you're withdrawing to your wallet

>> No.2395052

>>2394985
Yeah, but let's be realistic. The majority of /biz/ are these small stakeholders, and this was meant to be a /biz/ thing.

Also, do you know how much ARK /biz/ would forge per week (roughly) if we stayed at 12th posn? I want to calculate the cucking threshold

>> No.2395056

>>2395025
Thank

>> No.2395098

>>2395012
We were rank 12 until not long ago, now we're down to 29. Looks like some wales just left.

>> No.2395111

>>2395052
every delegate forges around 422, which is having a smaller pool but still being in top 51 is desirable. Also I'd say that the majority have more than 100 in, though this is still a problem that obviously needs to be addressed. I do have faith that it will be, this seems to have been an unfortunate oversight rather than a desire to screw anyone.

>> No.2395118
File: 672 KB, 906x799, 1493562800957.png [View same] [iqdb] [saucenao] [google]
2395118

I bought 1k coins, will I make it anons?

>> No.2395153
File: 135 KB, 1200x799, Cassidy-Bernie-Sanders-Loud-and-Clear-1200.jpg [View same] [iqdb] [saucenao] [google]
2395153

Are we forgetting a simple solution? TAX THE WHALES

>> No.2395165

>>2395052
>>2395111
>422
That's daily not weekly, so over 2900 a week.
>>2395153
kek

>> No.2395182

>>2395118
you are probably better off just learning trading and taking some calculated risks anon.
https://docs.google.com/spreadsheets/d/1FGo3FkC3uSWXGHatPQyny2brMWjAIJsHFCR-Lhkl_m0/edit#gid=0

>> No.2395184

What happens if I vote now then add more coins? Can I make the new ones count?

>> No.2395185

OK, someone give some feedback on my thoughts here and correct me if I'm wrong:

>delegate decide to put a cap on the size of your voting wallet to receive payout
>whales divide their ARK between multiple wallets and have each one vote for delegate
>whales still destroy smaller stakeholders

Do ARK developer's have a limit to the amount of wallets you can create? That's a potential way to stop whales.

What if each address that votes has to be confirmed from /biz/ by the delegate before payout to ensure that 1 person = 1 address?

>> No.2395217

>>2395185
https://blog.ark.io/dpos-and-ark-voting-explained-68596a171ca1

>> No.2395220

>>2395185
You have forgotten one detail: 0.1 ARK transaction fee. If you have 10 wallets you will be losing 1 ARK every payout due to transaction fees.

>> No.2395243

>>2395185
You're correct about the scenario if we just went with a cap on wallet size, no limit on amount of wallets someone can create.

>What if each address that votes has to be confirmed from /biz/ by the delegate before payout to ensure that 1 person = 1 address?
Is doable I suppose, though we will still need something that puts in a rolling balance or people with small wallets are still screwed. We've got some people with like 20 ark.
>>2395184
They count as soon as they are in your wallet.
>>2395220
This does not particularly matter when you're dealing with whales making wallets with several thousand ark each. Fee would be recuped within a day still.

>> No.2395246

>>2395182
I like this calculator. Do you, by chance, have any more calculators for crypto trading/investing in general?

>> No.2395260

>>2395118
you'll make it. I wouldn't go 100% ark though, everyone should be holding some ETH.

>> No.2395263

>>2395243
>>2395185
That is not how the voting system works. Please read.
https://blog.ark.io/dpos-and-ark-voting-explained-68596a171ca1

>> No.2395273

>>2395263
It is, each wallet is a voter, you are the one mistaken.

>> No.2395276

>>2395260
i have some other coins
>LSK
>LBC

I'm in the long term for these three specifically

>> No.2395289

>>2395185
>What if each address that votes has to be confirmed from /biz/ by the delegate before payout to ensure that 1 person = 1 address?
That would work except proxies, phones, etc. will allow people to verify multiple addresses this way.

>> No.2395293

>>2395273
They would only be hurting themselves by splitting their total into multiple wallets.

>> No.2395302

i only got 10 arks will i get anything in return?

>> No.2395303

>>2395246
I am the calculator. You gotta become a calculator too. read investopedia, find a textbook on candlesticks.
if you want to go full autismo learn calculus, discrete math, statistics, linear analysis, game theory (not too much), ALGORITHMS, programming, etc.

>> No.2395312

>>2395276
The biz delegate's total fuckery aside, ark is probably a very solid coin to hold for sure in the longterm.

>> No.2395317

>>2395293
Not under the proposed scenario of putting a hardcap on how much ark someone could have in the pool without being blacklisted that the other anon outlined.
>>2395302
Not under the current system.

>> No.2395320

Brainlet here.

So about the voting thing, do i understand it right that votinf costs me 1 ark and the more ark i'm holding in my wallet, the more payout i get weekly?

Or do i have to donate my other 1000 ark so that my payout increases?

>> No.2395328

>>2395243
>This does not particularly matter when you're dealing with whales making wallets with several thousand ark each. Fee would be recuped within a day still.
Its true, but they could only do it if they were really malicious whales, that dont care about personal earnings and just about hurting us.
We just need to hurt them enough so that other nodes are more profitable for whales.

>> No.2395332

>>2395320
>So about the voting thing, do i understand it right that votinf costs me 1 ark and the more ark i'm holding in my wallet, the more payout i get weekly?
This is correct.

>> No.2395337

>>2395320
The former.

>> No.2395346

>>2395328
Run the math and you will find that it would still be profitable to them even with the additional transaction fees.

>> No.2395380

>>2395346
It needs to be more profiteable than using any other node out there, not just profitable.

>> No.2395390

>>2395380
I suppose that with a small enough cap it would be effective then.

>> No.2395403

>>2395332
>>2395337

I'm currently on bittrex

So in order to do this i have to transfer all my ark to my wallet in order to vote properly?

I can't do it from bittrex?

>> No.2395414

>>2395390
I think we are ok honestly. We can always do a combination of hardcap and time/date signed up. As of right now we are at the perfect rank if you ask me.

>> No.2395438

>>2395414
We are not ok until we figure out a way to implement rolling balance. Multiple anons are still being fucked as their voting weight is not enough to ever get any payment, if no solution is found I will reimburse them and eat the cost myself as I was giving them bad info in threads as my understanding of the script was flawed.

>> No.2395449

>>2395328
>We just need to hurt them enough so that other nodes are more profitable for whales.

With 100% payout for 50 days, I really doubt we'll be getting rid of whales by trying to make other options more profitable

>> No.2395482

OK, some more thoughts that I'd like input for:

How is the biz delegate deciding who gets paid?

Are there any mechanisms to stop someone voting THE DAY of payout, getting rewarded, then changing their vote to another delegate that will again pay them?

>> No.2395510

>>2395449

if you want to make it hurt whales limit the amount you pay. you can implement a ceiling payment in the script.

say you set it to 30, no body would get paid more than that per payment run. you can set it as whole numbers or percentages

>> No.2395538

>>2395510
That would also fuck over the top big fish in the biz pool and they would go elsewhere, therefore dropping us out of the top 51 potentially.

>> No.2395539

>>2395482
He is using a script called arky which is the standard script used by most pooled nodes. This script allows a minimum value to be set to payout and everyone who would receive more than this gets paid. The problem comes in that we have people in the pool who are so small that their share would be less than even the .1 transfer fee.

As far as mechanisms to stop someone voting the day of payout there is something called fidelity that can be used to make whales be in for at least 24 hours before they can receive payment, the problem arises where they could still just do 2 of the 7 days of course.

>> No.2395540

>>2395403
you can only vote from the ark wallet

and you would only earn what your ark wallet holds, not your bittrex wallet

>> No.2395550

>>2395482

the script includes a fidelity factor that calculates payment from when you first voted. so if you vote a hour before you would like get nothing. one hours worth of earnings from a 7 day fidelity would be zero

>> No.2395557

>>2395510
hmm, I like this

>> No.2395580

>>2395538

agreed but once whales realise they are not getting massive amounts and are better off going elsewhere they will leave, then you can quietly either raise the ceiling limit or remove it

>> No.2395610

>>2395580
Nothing can be done quietly on the internet and when you start doing shady things, its hard to keep people around. They will think they will be the next to be fucked.

>> No.2395623

>>2395538
One possible dirty fix would be to blacklist the top people in the biz pool that were in beforehand, do their payout manually before running the script, then run the script.

>> No.2395669

>>2395623
Seems like a lot of work to do every week. Then we would have to figure out what qualifies as "top" and what percentage they get.

>> No.2395686

>>2395669
Less than you would think as there would be very few people who would have been getting over the 30 cap suggested and they would still be getting the percentage that they have of the pool.

>> No.2395801

>>2395686
I guess it is hard to say without all the numbers. If making the cap 30 per week makes a big difference for the smaller guys in the pool then I would be ok with it.

Full disclosure I have 12.1k ARK staked. According to the current payout calc I would be getting 36 a week. I wouldn't mind losing 6 a week so other biz bros get some.

>> No.2395842

>>2395801
I would advise against it
crypto is ancap af, let's keep it that way

>> No.2395856

>>2395801
I looked into it, there's 14 people currently that would be getting over 30. The ones in now could be put on a list for manual send out before the weekly payout, it really wouldn't take much time at all to send 14 manual transactions a week.

But as I said even if this were implemented we're still in a position where the bottom wallets are getting fucked right now as their balances are so small. We had people get in thinking that it was a rolling balance so they hopped in even though they had well under 100 ark. I contributed to this as like most others I also thought it was a rolling balance.

>> No.2395889

>>2395842
>crypto is ancap
>therefore you can't put restrictions on who you let do business with you
That's not ancap.

>> No.2395909

>>2395856
I would be willing to take the cut if the guys at the bottom get helped out more but it is just gets spread to the "medium" fish of the pool that would suck. I also obviously dont speak for the other "big" fish.

Some people will just not have enough to stake to get enough rewards. That is just the way the ARK system is designed. Especially since there can only be 51 delegates.

>> No.2395970

>>2395909
The system that has been proposed with a cap and manual send would be helping out both big fish and medium fish, as it would keep the total ark for the node low. Who it wouldn't help is the small fish.
>Some people will just not have enough to stake to get enough rewards.
This can absolutely be fixed if we can design a script that calculates a rolling balance. As for how the ARK system is designed the ARK system is designed so that every delegate handles payment in whichever way they see fit. arky is not an inherent part of the currency, it is instead simply what most pooled nodes have used and there is nothing preventing us from using a better script if we can design one. Given that we do have multiple people who have programming experience this is completely possible and I think someone who made this would be tipped well for it.

>> No.2395988

>>2395909
>>2395970
I forgot, it would also help the smaller fish because the more whales we attract the more people get knocked below threshhold.

>> No.2396025

>>2395970
I guess what I mean is being able to successfully raise the amount of stake needed while balancing everything else out. You can't cater to all the types of ARK amounts. If this is going to be catered to smaller amounts. Then you will see the whales leave. Which is ok if you garner enough support from many small fish.

>> No.2396053

>>2396025
>You can't cater to all the types of ARK amounts
You absolutely can if you exclude latecomer whales.

>> No.2396056

We dropped to 29. Step it up lads.
>t. holding 1000 ARK

>> No.2396079

>>2396056
>we dropped to 29, step it up
>t. holding 1000 ark
Dropping to 29 is good for your bottom line.

>> No.2396102

>>2396053
Which works fine in the short term if you can figure out how to do it without pissing too many people off. The issue is how to you keep up your pool size when people start dropping their bags and you need more votes because your pool is shrinking and everyone else is growing.

>> No.2396110

>>2396079
Yes I understand arithmetic, I just don't want to see everyone's efforts wasted over some weak hands pulling out to other delegates.

>> No.2396172

>>2396110
The decrease came from the largest wallet(who did not join until we were already top 51) leaving.
>>2396102
Other pools have been shrinking on average, not growing. I do not see this as a concern, particularly if we implement a rolling balance when we have a far better platform for recruiting new people than the other nodes have and when those who would still be part of the node would by far be getting much larger returns than other nodes.

>> No.2396208

>>2396172
Ok I am hopeful for the future. I am keeping my shit staked for biz for the long run. Unless you pull some extra socialism stuff and take half my gainz and give it to plebs.