Veeky Forums ARKPOOL: Victory is Ours

Bidwell
Bidwell

Veeky Forums 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
Veeky Forums 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

Veeky Forums Ark PoolDelegate Discord: discord.gg/ZyM6FZy

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

Previous thread veekyforums.com/thread/2384513/business

All urls found in this thread:

discord.gg/ZyM6FZy
blog.ark.io/how-to-vote-or-un-vote-an-ark-delegate-and-how-does-it-all-work-819c5439da68
forum.ark.io/topic/341/100-payout-for-first-50-days-biz-sharepool-delegate
blog.ark.io/dpos-and-ark-voting-explained-68596a171ca1
ark.io/whitepaper/
ark.io/join-ark-slack/
arknode.net/VoteReport.txt
archive.is/Cwhch
archive.is/51wz3
archive.is/CXt4g
veekyforums.com/thread/2384513/business
explorer.ark.io/delegateMonitor
explorer.ark.io/address/AaPN5Sr4duPrwXX3E6smeQ7GfnXNaUPUCq
bitcointalk.org/index.php?topic=733070.0
docs.google.com/spreadsheets/d/1FGo3FkC3uSWXGHatPQyny2brMWjAIJsHFCR-Lhkl_m0/edit?ts=593d5dfc#gid=0
docs.google.com/spreadsheets/d/1FGo3FkC3uSWXGHatPQyny2brMWjAIJsHFCR-Lhkl_m0/htmlview
poloniex.com/coinRequest
veekyforums.com/thread/2390034/business
docs.google.com/spreadsheets/d/1FGo3FkC3uSWXGHatPQyny2brMWjAIJsHFCR-Lhkl_m0/edit#gid=0

Methshot
Methshot

ARK ABOUT TO MOON HUGE BUY WALL JUST WENT UP

TechHater
TechHater

we did it guys
we bankers now

PurpleCharger
PurpleCharger

HOW LONG TIL WE /NUMBAH ONE/?

BunnyJinx
BunnyJinx

Omg omg really user???

OMG

New_Cliche
New_Cliche

Where?

Boy_vs_Girl
Boy_vs_Girl

WE FUCKING DID IT LADS

Bidwell
Bidwell

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

Deadlyinx
Deadlyinx

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

Flameblow
Flameblow

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

WebTool
WebTool

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

AwesomeTucker
AwesomeTucker

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

New_Cliche
New_Cliche

toss it in. gotta stay on top.

cum2soon
cum2soon

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

takes2long
takes2long

Veeky Forums RAISED SEVEN HUNDRED THOUSAND AMERICAN DOLLARS IN LESS THAN 6 DAYS

that's fucking impressive

kizzmybutt
kizzmybutt

buy orders are trickling in, there was serious dipping before

but looks like its calmed down

Techpill
Techpill

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.

Snarelure
Snarelure

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

Emberburn
Emberburn

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.

Firespawn
Firespawn

arknode.net/VoteReport.txt

473 Voters

VisualMaster
VisualMaster

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

AwesomeTucker
AwesomeTucker

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

FastChef
FastChef

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?

Fuzzy_Logic
Fuzzy_Logic

the more you have, the more you get

Spazyfool
Spazyfool

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

Supergrass
Supergrass

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

King_Martha
King_Martha

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.

likme
likme

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

Poker_Star
Poker_Star

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

Deadlyinx
Deadlyinx

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.

Evilember
Evilember

What's a lot of ARK?

Flameblow
Flameblow

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

TurtleCat
TurtleCat

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

CouchChiller
CouchChiller

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

eGremlin
eGremlin

Ark is the next Eth.

AwesomeTucker
AwesomeTucker

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.

GoogleCat
GoogleCat

Where can you see total ARK in biz pool?

Fuzzy_Logic
Fuzzy_Logic

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

whereismyname
whereismyname

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

Spazyfool
Spazyfool

arknode.net/VoteReport.txt

Fried_Sushi
Fried_Sushi

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?

Crazy_Nice
Crazy_Nice

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

Booteefool
Booteefool

yes

Spamalot
Spamalot

can we reach 1 Million??

haveahappyday
haveahappyday

*annual interest

massdebater
massdebater

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

idontknow
idontknow

see:

Methnerd
Methnerd

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

TreeEater
TreeEater

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.

Firespawn
Firespawn

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

RavySnake
RavySnake

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

Nojokur
Nojokur

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.

likme
likme

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

Methshot
Methshot

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

TreeEater
TreeEater

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

Snarelure
Snarelure

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

Emberburn
Emberburn

snowball system pretty much?

TurtleCat
TurtleCat

23!!!!!!!!

DeathDog
DeathDog

Wow, just jumped to position 23

BinaryMan
BinaryMan

WE JUST FUCKING ROCKETED INTO 23

whereismyname
whereismyname

Someone realized the 100% arkpool ig

Illusionz
Illusionz

Aw, my payout.

Spazyfool
Spazyfool

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

5mileys
5mileys

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

lostmypassword
lostmypassword

We really should

BunnyJinx
BunnyJinx

What do we need?

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

Dreamworx
Dreamworx

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

Raving_Cute
Raving_Cute

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

Booteefool
Booteefool

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

Lord_Tryzalot
Lord_Tryzalot

Veeky Forumscoin

so decentralised, its painted against the walls

King_Martha
King_Martha

#21

haveahappyday
haveahappyday

explorer.ark.io/address/AaPN5Sr4duPrwXX3E6smeQ7GfnXNaUPUCq
Name is "biz"

We have tried and failed in the past bitcointalk.org/index.php?topic=733070.0
Might do better now as Veeky Forums has grown a heap.

SomethingNew
SomethingNew

Have I missed the boat on this one>?

cum2soon
cum2soon

Is it too late to vote

w8t4u
w8t4u

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

:(

lostmypassword
lostmypassword

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

Methshot
Methshot

You can vote to join anytime

TreeEater
TreeEater

Got it.

RumChicken
RumChicken

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

VisualMaster
VisualMaster

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.

Stupidasole
Stupidasole

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

Dreamworx
Dreamworx

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

Garbage Can Lid
Garbage Can Lid

How do I get ARK?

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

Bidwell
Bidwell

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

Poker_Star
Poker_Star

Thank you

BunnyJinx
BunnyJinx

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

Illusionz
Illusionz

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.

Techpill
Techpill

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.

Emberburn
Emberburn

How much will 200 ARK get me

WebTool
WebTool

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?

StonedTime
StonedTime

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.

Ignoramus
Ignoramus

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.

Dreamworx
Dreamworx

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

Sir_Gallonhead
Sir_Gallonhead

thank you!
godspeed breh

girlDog
girlDog

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.

cum2soon
cum2soon

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

hairygrape
hairygrape

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.

CouchChiller
CouchChiller

Wow it's slow transferring to bittrex

Ignoramus
Ignoramus

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

Fried_Sushi
Fried_Sushi

so when should we expect the first payment ?

Soft_member
Soft_member

Only needed 2 this time

Fuzzy_Logic
Fuzzy_Logic

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

viagrandad
viagrandad

I've voted.

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

DeathDog
DeathDog

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

JunkTop
JunkTop

and check out ARK

MPmaster
MPmaster

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

Evil_kitten
Evil_kitten

Nope

It automatically adds to your stake in the pool

viagrandad
viagrandad

Great, thanks!

askme
askme

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

Skullbone
Skullbone

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

WebTool
WebTool

can I vote from bitrex?

farquit
farquit

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

girlDog
girlDog

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?

RavySnake
RavySnake

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

FastChef
FastChef

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

Harmless_Venom
Harmless_Venom

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

SniperWish
SniperWish

You do realize that's a good thing? Veeky Forums 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.

StrangeWizard
StrangeWizard

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

askme
askme

Rgr, hodling shall continue

Deadlyinx
Deadlyinx

1 ark every couple of weeks

TalkBomber
TalkBomber

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.

BlogWobbles
BlogWobbles

I have 40k ark.

What would you all like me to do?

Inmate
Inmate

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

Poker_Star
Poker_Star

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

BinaryMan
BinaryMan

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

Spazyfool
Spazyfool

see formula here

Sir_Gallonhead
Sir_Gallonhead

thanks man.

422 is the number of holder ?

King_Martha
King_Martha

When do the payouts begin though?

Is there a minimum threshold?

Inmate
Inmate

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

Skullbone
Skullbone

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

TechHater
TechHater

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?

BinaryMan
BinaryMan

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

New_Cliche
New_Cliche

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)

Evil_kitten
Evil_kitten

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

TechHater
TechHater

So Veeky Forums is collectively making 400 dollars a day from this stuff? That's pretty cool.

viagrandad
viagrandad

Is that daily? What is the payout frequency?

iluvmen
iluvmen

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

Snarelure
Snarelure

payout frequency has been stated as being weekly

haveahappyday
haveahappyday

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

Lord_Tryzalot
Lord_Tryzalot

Godspeed, friend

lostmypassword
lostmypassword

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

Soft_member
Soft_member

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

Bis delegate is included on there

5mileys
5mileys

Like DGB?

Evilember
Evilember

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.

King_Martha
King_Martha

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

WebTool
WebTool

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.

kizzmybutt
kizzmybutt

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

Methshot
Methshot

About 2k

BunnyJinx
BunnyJinx

welp.

Stark_Naked
Stark_Naked

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

Booteefool
Booteefool

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

idontknow
idontknow

260/yr if it goes to $10

willickers I'm rich

lostmypassword
lostmypassword

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.

ZeroReborn
ZeroReborn

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

StrangeWizard
StrangeWizard

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

Boy_vs_Girl
Boy_vs_Girl

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

Gigastrength
Gigastrength

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

???

SniperGod
SniperGod

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.

Sir_Gallonhead
Sir_Gallonhead

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

King_Martha
King_Martha

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

BlogWobbles
BlogWobbles

why did i lose my vote? wtf

BinaryMan
BinaryMan

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

Carnalpleasure
Carnalpleasure

AYLP41pPripSwdxooTrBZNhEMcgeHzx9Zg
pls giff back 1 ark

King_Martha
King_Martha

Will this manipulation of the price ever end?

lostmypassword
lostmypassword

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.

Methshot
Methshot

Next year in Jerusalem.

Spamalot
Spamalot

meant for

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

5mileys
5mileys

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

Fried_Sushi
Fried_Sushi

Weekly deposits for me

Bidwell
Bidwell

That's not a good idea.

SniperWish
SniperWish

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

Booteefool
Booteefool

It's why we're gonna make it.

TalkBomber
TalkBomber

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 :)

MPmaster
MPmaster

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

LuckyDusty
LuckyDusty

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

Ignoramus
Ignoramus

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

Sharpcharm
Sharpcharm

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.

Spazyfool
Spazyfool

How is this not a ponzi

Inmate
Inmate

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

idontknow
idontknow

blog.ark.io/dpos-and-ark-voting-explained-68596a171ca1

kizzmybutt
kizzmybutt

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

WebTool
WebTool

Likes to buy things when they are expensive.

Stark_Naked
Stark_Naked

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

TreeEater
TreeEater

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.

CodeBuns
CodeBuns

The wageslave giving us shit? That's rich.

haveahappyday
haveahappyday

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

Lunatick
Lunatick

When's the first payout reeeee

I'm ready for my 0.04 ARK

Spamalot
Spamalot

Fucking whale leechers
REEEEEEE

Flameblow
Flameblow

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

BlogWobbles
BlogWobbles

Ah, mistake. Sorry for misunderstanding.

Sir_Gallonhead
Sir_Gallonhead

cant we scare out all the non Veeky Forums whales somehow. being rank 40-50 seems to be the best place to be

likme
likme

Maybe we need to introduce some system to ensure only Veeky Forums voters getting a payout.

DeathDog
DeathDog

35-45 is better. More of a buffer.

StonedTime
StonedTime

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 Veeky Forums 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

RavySnake
RavySnake

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 Veeky Forums voters (by having people post their address in a Veeky Forums thread) and only they then get a payout.

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

TurtleCat
TurtleCat

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

CodeBuns
CodeBuns

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

Harmless_Venom
Harmless_Venom

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

girlDog
girlDog

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

Inmate
Inmate

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

likme
likme

MASSIVE SPIKE HOLY SHIT WHAT

PackManBrainlure
PackManBrainlure

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

LuckyDusty
LuckyDusty

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.

likme
likme

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 Veeky Forums addresses & wes are eligible for payouts. The leaching whales can fuck off.

StonedTime
StonedTime

Oh shit your right, its still pumping.

askme
askme

Should I short to buy back in at lower price?

Playboyize
Playboyize

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?

StonedTime
StonedTime

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.
you'd get more stake automatically.

Boy_vs_Girl
Boy_vs_Girl

Should I short to buy back in at lower price?

Boy_vs_Girl
Boy_vs_Girl

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

viagrandad
viagrandad

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?

kizzmybutt
kizzmybutt

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

TalkBomber
TalkBomber

trying to scare off small voters to make you share bigger
user pls

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

SniperWish
SniperWish

FUD, he isn't even online

TurtleCat
TurtleCat

bullshit

Harmless_Venom
Harmless_Venom

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

MPmaster
MPmaster

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?

happy_sad
happy_sad

Can you spot the JUST in my purchase history ?

askme
askme

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

Emberburn
Emberburn

Advertisments can be changed, Im sure.

BinaryMan
BinaryMan

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

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

Raving_Cute
Raving_Cute

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?

Boy_vs_Girl
Boy_vs_Girl

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

FUCK YOU, WHARU!

viagrandad
viagrandad

What stops us from implementing ?
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.

cum2soon
cum2soon

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

iluvmen
iluvmen

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

Playboyize
Playboyize

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

Gigastrength
Gigastrength

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?

TreeEater
TreeEater

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

CouchChiller
CouchChiller

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

whereismyname
whereismyname

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.

Evilember
Evilember

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

RavySnake
RavySnake

lads I'm doing it

RumChicken
RumChicken

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

Harmless_Venom
Harmless_Venom

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?

Soft_member
Soft_member

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.

cum2soon
cum2soon

Whats the problem with whitelisting?

Delegate user 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.

Techpill
Techpill

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?

Carnalpleasure
Carnalpleasure

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

WebTool
WebTool

Roger that. Found it.

TurtleCat
TurtleCat

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

Spazyfool
Spazyfool

Whats the total ark in the biz pool?

Do I need to do anything else here?

Spamalot
Spamalot

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

haveahappyday
haveahappyday

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

massdebater
massdebater

fml already #12!

likme
likme

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

lostmypassword
lostmypassword

bit over 1 million and you're good

Playboyize
Playboyize

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

TalkBomber
TalkBomber

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

SniperWish
SniperWish

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.

ZeroReborn
ZeroReborn

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

TechHater
TechHater

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

StrangeWizard
StrangeWizard

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

Raving_Cute
Raving_Cute

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.

Harmless_Venom
Harmless_Venom

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.

Soft_member
Soft_member

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

massdebater
massdebater

what day is payday?

Techpill
Techpill

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.

Methshot
Methshot

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

StonedTime
StonedTime

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

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

A week has seven days user.

Stark_Naked
Stark_Naked

lower payout

Lunatick
Lunatick

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

Booteefool
Booteefool

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)

5mileys
5mileys

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)

askme
askme

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.

Deadlyinx
Deadlyinx

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.

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

SniperWish
SniperWish

Fuu I love my Biz bros but build the wall!

BlogWobbles
BlogWobbles

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

kizzmybutt
kizzmybutt

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

StonedTime
StonedTime

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?

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

Stupidasole
Stupidasole

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

Spazyfool
Spazyfool

never knew these neets had no much money

massdebater
massdebater

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.

likme
likme

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

PackManBrainlure
PackManBrainlure

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...

Fried_Sushi
Fried_Sushi

this. Whales OUT

Booteefool
Booteefool

I would also like to know this

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

King_Martha
King_Martha

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

Soft_member
Soft_member

good idea

5mileys
5mileys

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

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

TurtleCat
TurtleCat

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.

Nude_Bikergirl
Nude_Bikergirl

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.

King_Martha
King_Martha

Convince me to go all in on ark

takes2long
takes2long

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

kizzmybutt
kizzmybutt

Shed some whales bois

Burnblaze
Burnblaze

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"

PurpleCharger
PurpleCharger

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

Supergrass
Supergrass

It accumulates user, we're not jews

Fried_Sushi
Fried_Sushi

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

Raving_Cute
Raving_Cute

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

Lunatick
Lunatick

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.
The hell? I have around 300 Ark but not much else, I am not a whale

SomethingNew
SomethingNew

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

Techpill
Techpill

Nice this is perfect

Carnalpleasure
Carnalpleasure

contradicting

Currently, what's to stop whales from coming in and pushing all real Veeky Forums users under payment threshold?
Veeky Forums cucked by whales

Flameblow
Flameblow

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?

eGremlin
eGremlin

Everyone request ARK to be on Polo!

poloniex.com/coinRequest

JunkTop
JunkTop

Cos you're not a traitor?

Stupidasole
Stupidasole

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

Spazyfool
Spazyfool

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

Fried_Sushi
Fried_Sushi

poloniex.com/coinRequest

THIS

DO IT FAGGOTS

Garbage Can Lid
Garbage Can Lid

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

Boy_vs_Girl
Boy_vs_Girl

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

It's going to hit $10 so easily

MPmaster
MPmaster

See the OP of this thread. veekyforums.com/thread/2390034/business

farquit
farquit

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

askme
askme

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

Deadlyinx
Deadlyinx

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

eGremlin
eGremlin

Yep

Raving_Cute
Raving_Cute

my measly 626 ark added!

Evil_kitten
Evil_kitten

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

Firespawn
Firespawn

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 Veeky Forums'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 Veeky Forums voters.
ARK delegate voting system is inherently broken

JunkTop
JunkTop

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

Nojokur
Nojokur

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

farquit
farquit

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

Methnerd
Methnerd

larger stakeholders that are part of Veeky Forums have every incentive to jump through hoops as this also increases their profits.

PackManBrainlure
PackManBrainlure

Please explain, I just installed it.

Snarelure
Snarelure

that's really gay. I think it's immoral to push these Veeky Forums delegate threads if they're just cucking the guys with <1000 ARK

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

GoogleCat
GoogleCat

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.

Fried_Sushi
Fried_Sushi

status: pending

Bittrex plz

Booteefool
Booteefool

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.

Spamalot
Spamalot

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.

askme
askme

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

Firespawn
Firespawn

Yeah, but let's be realistic. The majority of Veeky Forums are these small stakeholders, and this was meant to be a Veeky Forums thing.

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

SniperWish
SniperWish

Thank

Harmless_Venom
Harmless_Venom

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

haveahappyday
haveahappyday

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.

Bidwell
Bidwell

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

LuckyDusty
LuckyDusty

Are we forgetting a simple solution? TAX THE WHALES

JunkTop
JunkTop

422
That's daily not weekly, so over 2900 a week.
kek

Stark_Naked
Stark_Naked

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

Raving_Cute
Raving_Cute

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

Nude_Bikergirl
Nude_Bikergirl

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 Veeky Forums by the delegate before payout to ensure that 1 person = 1 address?

kizzmybutt
kizzmybutt

blog.ark.io/dpos-and-ark-voting-explained-68596a171ca1

Playboyize
Playboyize

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.

TurtleCat
TurtleCat

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 Veeky Forums 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.
They count as soon as they are in your wallet.
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.

RumChicken
RumChicken

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

BunnyJinx
BunnyJinx

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

Fuzzy_Logic
Fuzzy_Logic

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

Fried_Sushi
Fried_Sushi

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

Raving_Cute
Raving_Cute

i have some other coins
LSK
LBC

I'm in the long term for these three specifically

Soft_member
Soft_member

What if each address that votes has to be confirmed from Veeky Forums 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.

viagrandad
viagrandad

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

Bidwell
Bidwell

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

massdebater
massdebater

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.

Playboyize
Playboyize

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

Methnerd
Methnerd

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 user outlined.
Not under the current system.

Carnalpleasure
Carnalpleasure

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?

Firespawn
Firespawn

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.

SniperWish
SniperWish

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.

LuckyDusty
LuckyDusty

The former.

BinaryMan
BinaryMan

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

Spamalot
Spamalot

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

cum2soon
cum2soon

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

Poker_Star
Poker_Star

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?

Snarelure
Snarelure

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.

BinaryMan
BinaryMan

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.

Ignoramus
Ignoramus

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

cum2soon
cum2soon

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?

Emberfire
Emberfire

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

StrangeWizard
StrangeWizard

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.

Fuzzy_Logic
Fuzzy_Logic

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.

New_Cliche
New_Cliche

you can only vote from the ark wallet

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

Stark_Naked
Stark_Naked

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

Booteefool
Booteefool

hmm, I like this

iluvmen
iluvmen

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

WebTool
WebTool

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.

AwesomeTucker
AwesomeTucker

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.

askme
askme

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.

TreeEater
TreeEater

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.

VisualMaster
VisualMaster

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.

girlDog
girlDog

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

iluvmen
iluvmen

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.

LuckyDusty
LuckyDusty

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

Ignoramus
Ignoramus

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.

Emberfire
Emberfire

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.

TechHater
TechHater

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

Soft_member
Soft_member

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.

Methnerd
Methnerd

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

Carnalpleasure
Carnalpleasure

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

ZeroReborn
ZeroReborn

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

Stark_Naked
Stark_Naked

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.

Harmless_Venom
Harmless_Venom

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

TechHater
TechHater

The decrease came from the largest wallet(who did not join until we were already top 51) leaving.
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.

Spamalot
Spamalot

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.

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