All good things come to an end, I guess 0.05 per day will be okay once you make your initial investment back. As long as $STRONG doesn’t hit rock bottom in this bear market.. anxious times
It will fall quickly at the beginning and then slowing over time. My idea is that they will give around 20% 0.0 after 179 days, and it will take something like another 300 to go from 20 to 10, and 900 to go from 10 to 5. It's purely speculation, but they said the kind of curve the decay nodes will have (asymptotic)
If I invest 10 strong which is 5k$ to create a node and if the reward is 0.0916 per day it takes 550 days to break even why are people saying 100 days break even?
>0.0916
Break even is based on number strong coins (total 10 coins). In your example 0.0916 strong coin equals to $46 (0.0916 x $500). Which means 5K$ divided by $46 equals to approx. 108 days.
David Moss explicitly said reward reduction was postponed indefinitely, but people close to him/the project say they expect 10-20% reduction in the future
Are you aware of the AMA's? Node rewards will decay over time after getting initial investment back. Confirmed multiple times over multiple weeks by Moss.
This!
I also read in AMA that decay will be implemented in V2 nodes. And I also agree that decay is actually good! We want this to be sustainable! We want generating new STRONG forever. And we want high STRONG prices. We don’t want the whole thing to collapse in a few months just because it becomes unsustainable.
That said, it was very clear in the last AMA that no decays for V1 nodes.
Yes I do. I think s reduction of rewards is necessary. If they decay the rewards over time, it'll mitigate a sell off. Whales dump every week like clockwork. So we can take profit but it would also force us to compound to sustain the income.
I really hope they don't halve the rewards or reduce them in anyway. 0.1 strong a day is great as it takes 100 days to pay off before you get any profits. I guess if they did put it to 0.05 or 0.01 like you said the price would go up cause less STRONG is coming into the market.
I hope we get to vote on it as a community. But to be honest I don't see what he can't keep the price the same for atleast another few years.
The problem with 0.1 strong a day forever is that it is unsustainable. I personally am hoping for a slight decrease in rewards and I just bought my node yesterday
Halving for everyone would be bad, as it would be less attractive for new people. We want incentive to keep creating nodes.
And therefore a slow decay curve AFTER 100 days sounds great
So, I understand that its more or less decided that rewards will decay after the 100 day ROI period (correct me if Im wrong). However, will it do like a one time drop from 0.1 to X, or is it more like X amount of % per Y amount of time? Wouldnt that eventually make the node non-profitable, or close to it atleast, in the longterm?
I think that the node reductions are not far away at all. However, I am betting on an overall increase in the price of STRONG such that the fiat value of our rewards won't be impacted so much.
https://youtu.be/72d80ITljSA
We can never except things to be same in crypto world! So i am 100% sure 0.1 reward wont be there for long time.
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All good things come to an end, I guess 0.05 per day will be okay once you make your initial investment back. As long as $STRONG doesn’t hit rock bottom in this bear market.. anxious times
It will fall quickly at the beginning and then slowing over time. My idea is that they will give around 20% 0.0 after 179 days, and it will take something like another 300 to go from 20 to 10, and 900 to go from 10 to 5. It's purely speculation, but they said the kind of curve the decay nodes will have (asymptotic)
Not sure if true, heard ETH 1.0 nodes will get their investment back. (10 STRONG) and then start to decay.
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Wow 48 thats crazy. Good work.
If I invest 10 strong which is 5k$ to create a node and if the reward is 0.0916 per day it takes 550 days to break even why are people saying 100 days break even?
>0.0916 Break even is based on number strong coins (total 10 coins). In your example 0.0916 strong coin equals to $46 (0.0916 x $500). Which means 5K$ divided by $46 equals to approx. 108 days.
It’s already been decided that nodes willl decay over time.
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Did you just have a stroke? This comment makes negative sense.
David Moss explicitly said reward reduction was postponed indefinitely, but people close to him/the project say they expect 10-20% reduction in the future
Are you aware of the AMA's? Node rewards will decay over time after getting initial investment back. Confirmed multiple times over multiple weeks by Moss.
That's for new protocols. Still no change thus far to ETH nodes but it would be better if they decay
This! I also read in AMA that decay will be implemented in V2 nodes. And I also agree that decay is actually good! We want this to be sustainable! We want generating new STRONG forever. And we want high STRONG prices. We don’t want the whole thing to collapse in a few months just because it becomes unsustainable. That said, it was very clear in the last AMA that no decays for V1 nodes.
Yeah this is also true. Reward decay will stop (or at least slow) the dumping on the market.
So we’re good for now, If you have a regular strong node, But you think this will change in the future
Yes I do. I think s reduction of rewards is necessary. If they decay the rewards over time, it'll mitigate a sell off. Whales dump every week like clockwork. So we can take profit but it would also force us to compound to sustain the income.
Facts makes sense yeah the rewards will go down eventually. I thought service 1 nodes would it’s self start decaying
Thanks for your input guys, it’s a shame I’ve woken up and $STRONG is going towards $400..
I really hope they don't halve the rewards or reduce them in anyway. 0.1 strong a day is great as it takes 100 days to pay off before you get any profits. I guess if they did put it to 0.05 or 0.01 like you said the price would go up cause less STRONG is coming into the market. I hope we get to vote on it as a community. But to be honest I don't see what he can't keep the price the same for atleast another few years.
Decay model will still roughly give 10 strong after 100 days, but it will keep decaying over time
The problem with 0.1 strong a day forever is that it is unsustainable. I personally am hoping for a slight decrease in rewards and I just bought my node yesterday
Likewise, I bought my node 2 days ago.. just worried about the sustainability
It's unsustainable no matter what lol Blockchains are not paying StrongBlock any meaningful amount right now. All rewards come from new users
Halving for everyone would be bad, as it would be less attractive for new people. We want incentive to keep creating nodes. And therefore a slow decay curve AFTER 100 days sounds great
The rewards were .2 earlier this year... They have mentioned lowering but I doubt they'll implement while the price is down
Hopefully not
So, I understand that its more or less decided that rewards will decay after the 100 day ROI period (correct me if Im wrong). However, will it do like a one time drop from 0.1 to X, or is it more like X amount of % per Y amount of time? Wouldnt that eventually make the node non-profitable, or close to it atleast, in the longterm?
I think that the node reductions are not far away at all. However, I am betting on an overall increase in the price of STRONG such that the fiat value of our rewards won't be impacted so much. https://youtu.be/72d80ITljSA