Day: November 22, 2019

Krypto Friday with Pascal Papara

Well, well, well. It was only in last krypto friday news item that I suggested that you cant make Krypto Friday any better than by having Pascal Papara there, and obviously Krypto Friday understands that reading TELOSNEWS.COM is the best thing in the world to do when dealing with cryptos, and they took a hint and this time, or at least the ad seems to suggest that, Pascal Papara is a co-host in today’s Krypto Friday.

Next step, Pascal Papara show, but until that happens, you can get a sneak peek to it by watching today’s Krypto Friday, starting this time earlier than usual, a bit over ONE hour later already.

But do remember, they still keep talking the German language.

Official Bitcoin Subsidium Website

Yesterday evening Pascal announced that there is now an official Bitcoin Subsidium website existing.

At later point this website will include links to main and backup explorer as well as links to wallet, but right now it is what it is.

What can I say, some people just have eye for beautiful pictures

No more rental Blueboxes and xMiners, plus a scoring system in works to Blueboxes

In an attempt to get Transcendence/Telos/XBTX more decentralized, Pascal has now made a decision that he won’t offer Rental purchase option for Blueboxes or xMiners anymore, this is simply because Rental options were kept in co-location, and co-location is not a wished option anymore as right now this co-location option has resulted in that most Telos nodes, for example, reside in same physical location. Give a well-targeted Hurricane or two, and most of the network could be down.

In an effort to physically decentralize the network, and hence make it more secure, Co-Location is now reserved only for those who are paying their Blueboxes/xMiners in full.

Also, the price of Co-Location for new customers is likely to go up as well.

In another attempt to decentralize blueboxes, Pascal is now working on a new scoring system to blueboxes, which is actually good for all of us who own them.

His first thought is that each box would get more points each month, depending on age, co-location, and warranty.

First suggestion from Pascal was that each month would gain 10 points to a bluebox, regardless of where it is. So 3 months old bluebox would be worth 30 points in total, while 5 months old bluebox would be worth 50 points in total.

However, in addition to aging, making older be worth more, if bluebox resides at home instead of co-location, it would get another 10 points each month, in previous example, 3 months old bluebox at home would be worth a total of 60 points, while 5 months old bluebox at home would be worth 100 points in total.

And as last would be a warranty. If you have bought Telos Warranty, then your blueboxes would accumulate an additional 10 points more.

The idea with these points is that every time box would accumulate 120 points, they would receive another 30k Telos node in them, paid by the company. Notice however that in this case collateral would also belong to the company, but who cares as long as the profits are anyway coming to you as usual.

In other words, a bluebox in co-location could in this model be getting a new 30k node for free only once a year, while bluebox at home with a warranty could get a new free 30k node every four months.

That is pretty much an incentive there to get your blueboxes running at home instead of keeping them at Co-Location.

Do you think the Points system is good? Or should it perhaps be different?

You can join the Discord Channel and discuss about it, as this was just the suggestion Pascal made and he was asking for feedback about it.