RE: MORE THAN 50% OF SMARTCASH-SMARTNODE HOLDERS HAVE NOT UPDATED THEIR NODES
@nitego This could be good for people who don't feel competent enough to set up the nodes themselves even with help in Discord. I know a ton of people who want to own SmartNodes but don't even know how to install the desktop wallet by themselves or even enter Discord (yes, this is real!). There are also people who own SmartNodes and don't have the time to run upgrades or stay updated with the news, hence you see more than 50% of the nodes still on the old version. SmartCash has one of the best teams and it is one of the best crypto projects out there. A node set up in a safe, secure way should be looked as a much longer-term value investment than it's "now" value. Imagine paying a $1000 to someone you trust for setting up a Dash master node a few years ago and then have that person maintain it for you. Anyhow, this seems to be an invitation-only club, so I am not sure how easy it is to get in.
It's a great option if the price to set up the "Node" is not almost 100% the cost of a new node. If you consider having a #smartnode an investment then choosing a service where the running cost out weighs potential profits in not good investment strategy. Other options exist which do not cause so much.
Another thing a well set up node on a VPS runs for weeks. From the last upgrade in 02/2018 to the most recent one (06/2018) a few days ago none of my nodes experienced any down time. When it comes to smartnodes this is one area people should take Warren Buffet's advice - invest in what you understand.
If you understand cryptocurrency you probably wouldn't be quoting or listening to Warren Buffett. He also called Bitcoin a bubble and quote: "You can’t value bitcoin because it’s not a value-producing asset.". Also, understanding something is not the same as doing it yourself.
You obviously can't see or don't believe in the potential value of SmartCash, if you think that people will never get their money back if they invest $500 for a SmartNode setup. Also, your argument "Nothing happened to my nodes in 4 months, therefore nothing will happen to yours" is not a great way to promote a stable and secure network for SmartCash in order to achieve mass adoption. @melip's original point in this article was that more than 50% of the SmartNodes did not upgrade before the deadline, which was before July 1st, this is definitely a problem for a network that strives for mass adoption.
@cyberberry your assumptions that I do not believe in the potential of #smartcash is very far fetched and you have no bases to conclude on that based on my pointing out an option to invest in #smartcash should be cost effective to ensure the investor makes profit. Address the point and do not attack the person it shows lack of ability to present a rational argument.
Some nodes owner opted to stay on the old protocol till the last minute as they hoped to increase the odds of being paid on the old protocol before they move to the new protocol and wait in the queue to start payments on a future date. I know this because I did just that.
If you are really interested in the potential of smartcash, you will want your investors happy, tried and tested services in the cryptocurrency space like these ones listed on the #smartcash website would be my first step.
A list of currently available masternode hosting services is available below.
http://masternodo.com/
https://node-vps.com
https://masternodehosting.com/
https://nodesupply.com/
As I mentioned in my previous reply, understanding is not the same as doing it yourself. Someone may understand the reason SmartNodes exist and their role in the network, but still not be able to set up one, even with help. Others may be able to set up and run a SmartNode, but still not understand its potential value or its role on the SmartCash network.
By saying "When it comes to smartnodes this is one area people should take Warren Buffet's advice - invest in what you understand." you implied that people should not invest in SmartNodes if they are unable to set up and maintain one themselves, which I do not agree with. Correct me if I am wrong. Everyone should be given a chance to participate in the network, even if they use a third party to get them going from the ground up.
Based on you keep repeating that $500 is a lot to invest in a SmartNode set up tells me that you don't see the potential value of SmartCash. I might be wrong, but this is how you sound. Based on the progress the SmartCash team is delivering, I firmly believe that a SmarNode will soon be worth a lot more than it is right now and that the payouts will be significantly higher. Most investors make decisions based on long-term vision, not based on what they are going to get immediately tomorrow or next month.
Also, your argument that SmartNode owners decided to stay on the old protocol till the last ( and that's past the deadline which was July 1st) moment does not seem like a good example to follow as currently, over 5000 nodes are still on the old protocol and have been out of the payment queue for more than 3 days.
I understand your point that this particular service might be expensive and that other options exist, but it is up to the people to decide what to use based on their technical level and the time they wish to invest to be part of SmartCash. Love & peace ✌️
At least we agree people should decide hence I presented my point of view to give them options. It is clear we will not agree as you seem bent on misunderstanding my point that paying $1000 dollar for a service to set up nodes worth $700+ is over the top. If you value #smartcash like I clearly do you would want to put more of that $1700 initial outlay in the actual network. An amount that would actually get you 2 #smartnodes and some change. It's my duty to let people know of other options even if it affects your profit margin. Thanks
You obviously can’t see SmartCash’s value beyond its current value and are very stuck on the idea about not paying for the set up. We will talk again when SmartCash is at least $1 and the maintenance of 10 nodes that cost $100K cost only $100/month. Many investors could only dream for such returns. I don’t own this service but I run numerous SmartNodes myself and would gladly pay someone trustworthy in the future to keep and eye and maintain them for me when I just want to enjoy my life and not spend time in front of the computer. I also have a lot of friends who would love to have SmartNodes but are not technical enough to even install a wallet on their desktop and could use a service such as this one. I really mean no offense but please try to think beyond the current price of SmartCash and look further into its bright future.
It's still a bad idea to use a service that has not proved itself and charges too much when there are other established services doing the same for less. If you really have friends as you say who can not download a wallet will you direct them to a new business or and old one with track records?
Are you a psychologist or mind reader? How do you presume to know what I think of #smartcash? At least read my previous blog and see if you still come to that conclusion. Why are you stuck on "you don't see the value in #smartcash" song? Do you?
Having a node does not require you baby sitting it like you say. How or what you choose to do is up to you it does not make it the only option.
I see SmartNodes Club as a potentially innovative service which my friends could potentially use. I would not rush recommending it but would not discard it either. Do any of the services you recommend offer a desktop wallet installation and a node set up from scratch (without the user having to do almost anything)? What my friends would use is more of a personal/educational/handholding type of service. I would be happy to provide your recommendations as an option, but what you are offering seem to be hosting services with focus on masternodes . This is great but not exactly targeted towards people who completely lack technical skills. Please do let me know if any of these provide node set up from scratch and full management services. I am genuinely interested.
Investing is not about the money you start with, but the returns you seek to achieve; I can see where SmartCash is going but with 50% of its source of power missing at the moment, SmartCash doesn’t look good.
I think small initiatives like SmartNode.Club, will help the SC network to regain its strength and that is worth the money I spent taking care of my nodes.
Guys, I’m not telling you to use it, I just presented it as an alternative to help SC back in its feet.
A wise investor makes their money work for them. Paying over and above for an investment service with a vendor with no track record is no guarantee to make money if that is the objective. There are more efficient services to help people who do not feel able to set up their own nodes. These services are listed on the #smartcash website
A list of currently available masternode hosting services is available below.
http://masternodo.com/
https://node-vps.com
https://masternodehosting.com/
https://nodesupply.com/
I tried some of them but they weren’t easy enough. I applaud your intelligence and your wisdom. You are better than me 😊
@melip I'll be glad to help you however I can. I have a great support system for when I get stuck.
🙏
This is exactly how I understood your point @melip. About half of the nodes didn't upgrade on time and you were just suggesting another option for people out there, aside from "do it yourself". Yes, of course, if you have the knowledge, the time and the commitment you can manage all your day-to-day tasks yourself, otherwise you can pay someone else to do it for you. It is a personal opinion whether the price of a service is too high or too low and it is based on how an individual values their own time.