AMA log (20 September 2019)


  • administrators

    AMA with Zine Laabidine Rezig, the CEO and lead developer of 3DCoin / Project Districts, held on Friday 20 September 2019.

    Note: Some questions and answers selected and partly reworked and listed in different order for better readability.
    The entire discussion can be viewed in full starting from the following message in the official Telegram group:
    https://t.me/Project_Districts/59938

    Questions and answers:

    Question:
    Hello, some upcoming news? What's next aims of development, after wallets and fork? Smart scripts implementation or something else?

    Answer:
    Hi. There is a new blockchain explorer coming also, built from scratch, faster than 3dcstats.net.
    An AMA every Friday from now, all day long, to keep everyone involved and updated.
    We should focus from now on the dapps and the utility of the coin.
    The new upcoming light/mobile wallets are functional, we like to do more optimization before the release of the first beta. It will be available very soon along with the new block explorer.
    After the next patch, we will update the smartscript one by one, until the dapps patch is available.
    The first smartscript that will be released in v0.15.1.1 will be the "API" which will give you access to public API's on your advanced transactions(contract).

    Question:
    About next new type of nodes (Primenodes), what type of hardware will they need? Same VPS as now?

    Answer:
    The Primenodes hardware will depend on how many dapps you can host, the more power you have the more dapps you can host, as a start, the smallest VPS will work just fine.

    Question:
    I correctly understand that for all masternodes that receive at least two rewards between the blocks 700k and 800k, at the time of the block 800k, we can unlock the coins that are locked in them now?

    Answer:
    100% correct, also the last update of the Proof of Sync algorithm will be available in the next patch, the network will use transactions to update the masternode list and status.

    Question:
    Could it happen that after unlocking almost 10 million of 3DC (currently around 8 million are blocked in the nodes, there being over eight thousand masternodes, but the number is increasing) massive sales can happen (as far as I remember, this is about 13.5% of the total 3DC supply)? I think that many investors will not be particularly happy with such an event (new masternodes with 25k 3DC will not be so profitable, and many simply will not configure them, because funds can be released in not early than 18 days, this is the period of the first reward now, in the future it will increase, of course)... Will the profitability of each masternode with 1k and 25k be the same? Here I consider profitability per node, not per 1k 3DC. It turns out that the new masternodes will be at least 25 times unprofitable?

    Answer:
    It could be a massive sales that will give new investors who missed the opportunity to create nodes before the patch.
    Nodes in 3DC will be paid for doing a real work (securing the network, validating transaction instantly and executing smart script code), not for how many coins you have like other masternode networks.
    The stake of 25k is just for security reasons if we manage to secure the masternode activation without it, it will be removed.
    In the near future, investors will have to upgrade their hardware to receive full payment from blocks because the activity score calculated by the Proof of Sync will affect the payment amount.

    Question:
    Activity score? Any particular parameter to benchmark it?

    Answer:
    The activity score will determine if the masternode is doing the work instead of the voting system that currently used, is more efficient and will decrease the bandwidth use.
    The more peer you have, the more activity score you will collect. I mean the more connections you have to other peers.

    Question:
    But isn't that a relatively random number? How can I increase the number of connections if it holds about 12-20 connections?

    Answer:
    This will be affected by node performance in the new version of 3DC
    The only thing you can do about it is to get reliable VPS hosting.

    Question:
    Tiny VPS could limit the connections?

    Answer:
    No, but it won't keep up with the others.

    Question:
    With the new smart script, we are able to send our masternode somewhere else for example if the provider of our VPS doesnt have the resources for the best possible score?

    Answer:
    In a few patches, masternodes will be converted to a unique token in your wallet, you can send it to anyone anytime in a simple transaction.

    Question:
    The Pulsenodes will be the next step?

    Answer:
    Yes, the last step before Districts release.

    Question:
    You already have a fork date in mind or are you going to wait how the Primenodes are behaving in the mainnet?

    Answer:
    When Districts is ready, we will add the Pulsenodes, in the meantime, we are focusing on Primes and dapps now, step by step.

    Question:
    You can drop some knowledge about the Districts Visual Studio software and when we could expect a first glance?

    Answer:
    Districts is an empty sandbox without the primes and dapps, we are trying to focus on what we have first, because Districts is the final touch in this beautiful painting.

    Question:
    A canvas! But where is the Flemish picture?

    Answer:
    Well said. The dapps platform that we're building since 2018, we call it 3DCoin.

    Question:
    With all the dapps platforms out there, how will you encourage developers to build on our platform?

    Answer:
    The answer is Javascript plus 3DC and Districts libraries, you can build anything you want.

    Question:
    Are people in the XR/VR etc industry interested in Districts/3DCoin core? Do you get inquiries, questions on how they can/would apply to build on it? But we will probably see if and by how much devs will use it when its ready.

    Answer:
    Like any decentralized system, interested parties will have access to tools/guides to start building dapps in our platform, the investors will provide the Primenodes and choose their minimum fees, if the other party agree, the system will handle everything else.

    Question:
    But what can we do as a community to get people or exchanges to notice the platform (besides like and share)?

    Answer:
    Maybe start talking about it to friends and people you meet in your daily life, promote the project in other channels and communities, post videos about 3DC, try to list it on any cryptocurrency directory, even contact exchanges to add 3DC, because other companies listen to his community members. you can also try to trade sometimes to keep it active on the exchange. Some of you can even accept 3DC as money in their shops, just be creative.
    Like we saw in Bitcoin, most of the work is done by the community behind it.

    Question:
    How about if we would have a dev managed community BTC fund for new listings or marketing incentives for example. The more 'legit' exchanges we have, the more people can look into 3DC through the exchange community as well.

    Answer:
    Community activities are like an Italian suit for the team we wear it in every meeting with an exchange, we need the fancy suit, not the funds.

    Question:
    When 3DC come in Coinmarketcap ? Still no data in CMC. The case where the CMC updates 3DC, what value does it estimate (3DC ~ $)?

    Answer:
    We have no updates from CMC yet, we'll try to contact them again today. We have no estimation but the price information is available on CoinGecko at
    https://www.coingecko.com/en/coins/3dcoin

    Question:
    Are you considering attending crypto conferences and meetups as part of development and promotion of project?

    Answer:
    Yes, we will attend the next Blockchain conference in Miami on January 2020.


Log in to reply