Session getting all the attention and loki falling by the wayside

Session once stable will onboard users

Not until there's a built in loki wallet

Session never was of interest to me, yet I think it looks great and it’s now of interest to me. All will still get done - Lokinet & Pulse & getting rid of the miners. I think there are plenty of node holders who don’t mind paying $8/mo per node who won’t sell. When the miners stop selling, that’s a massive supply change in my estimation. The one app feature that absolutely changes the game is a way for anyone with any amount to stake their Loki from inside Session. Obviously it’s an exercise in economics and not even on the team’s radar but that would change everything.

I saw this and think that the pathway to Binance is a competition. I am optimistic that if the team devoted the same level of effort to collecting votes as they do to coding, Binance is within reach with a competition like this:binance.com/en/support/articles/360039354832

The crux of it is that votes are tallied and the voters split a pool of the coin that they voted for. With an app like Session, and the SN bot, you would think that it would be a great way to push people to vote. Now those coins might (probably?) have paid to have that competition, but MBL has a 30B supply, so it is forking over .3667% of its supply, which would be a Loki equivalent of 169K Loki. The thing about Session is it has that strong network effect connection to Loki, whereby if Loki does well, more people will download Session, and visa-versa.

Crypto Eric 🇳🇱
To all users I see

I mean, does application display you any error message, what doesnt work exactly?

> The thing about Session is it has that strong network effect connection to Loki, whereby if Loki does well, more people will download Session, and visa-versa.Absolutely

STRENGTH 500KG
when pulse?

it is planned and will be implemented later this year, at this moment more focus on Session and lokinet stability

Depends on the marketing of session. I'm thinking summer will be a good indicator if the plan will work

Maxim
it is planned and will be implemented later this year, at this moment more focus on Session and lokinet stability

Does pulse take a lot of coding to implement? Or is the wait to figure out the best way to implement it?

I would guess it's not trivial. Even if the blink working kinda signals it's half way there

Yeah Pulse is certainly not trivial

My bank sent me a letter that starts out with We're making changes to serve you better!

The only things they changed are that they increased some fees.

Classic Double-Speak from a Bank

I don’t have much knowledge around mining, and never mined Loki. Is it there a way to estimate the amount of Loki mined every day?

Alex B
I don’t have much knowledge around mining, and never mined Loki. Is it there a way to estimate the amount of Loki mined every day?

Many pools have a hashrate calculator that lets you plug in your hashrate and figure out what the average daily payout would be

Jason
The only things they changed are that they increased some fees.

But they included some helpful tips about how I can avoid paying these new fees. The tips are basically that I should upgrade to a more expensive account.

Let’s say the amount of Loki mined yesterday

That's a bit more complicated - but if you look at lokiblocks.com and click on one of the first transaction IDs in a mined block you will set a list of outputs; the first output here is the amount the miner received, the second (and up to 5th) is a reward for service node operators, and once a week there is a single large payment to the Loki Foundation (which amounts to 5% of the block reward, but paid once every 5040 blocks).The other thing you have to worry about is that the miner output in the block includes transaction fees, so if you want *just* the new coins created by mining (but not the transfer of tx fees) then you would have to subtract those.

Anyone of the team as ever calculated the amount? I mean rounded it’s more than fine

I just wonder the order of magnitude of The Loki mining ecosystem

+ txn fee is what just moves from users to miners as fee. That would be estimates based.

In absolute terms it should be around 20k new Loki every day, out of which 10k goes to SN, 9k goes to miners and 1k to foundation

Still not so sure about how to calculate txn fees

Alex B
Still not so sure about how to calculate txn fees

You'd have to actually go through the blockchain and add them up. They are determined entirely by whoever submits transactions.

There was once a block with a 380 LOKI tx fee in it: https://lokiblocks.com/block/332965

(It was an unintended consequence in the priority levels - https://github.com/loki-project/loki-core/issues/787)