If you nominate a waiting validator, you get no rewards

and your bond is used to nominate the validator. If you are up for the task, change all your validators for @JimiFlowers until he becomes an active validator. Can you do that? Will you do that? 🙂 Will you then complain that you're not getting rewards? 🤷‍♂

Thats Not True. I has nominate two elected validators. And zwo from waiting List. And i get rewards !!

From the active validators only, not from those in waiting.

LOL ? I Never Said i got rewards from waiting validator ??

I'm saying you would get many more coins as a reward if you only nominate active ones and leave the waiting ones alone. Not saying you should do that, but if you bond all your stash with 1 or 2 active validators, you'll get more coins than having nominated validators that are in waiting status

Please Salvatore, read a little bit more about how secuential phragmen consensus works and yo willl not confuse users: Note that it does not hurt your rewards to nominate waiting validators, as long as you have nominated at least one validator in the active set. Your stake will be distributed only among those in the active validator set. https://support.polkadot.network/support/solutions/articles/65000169209-what-does-active-inactive-waiting-mean-

Correc. And i checked it Self at console

Certo che non ti divide le reward se attivi 1 nodo attivo e 1 in attesa. Ma se io metto 1.000.000 su nodo in attesa tu da Reef scan vedi mio address sul tuo nodo in attesa con dentro 1.000.000 ma non è vero questo dato. Per quello ti ho chiesto come fai a calcolare 90 Mreef con 58 Wallet nel tuo nodo …

Because it's the only way to calculate how many stake the validator have. Yes, the phragmen algorithm is more complex than this, but I have said, it's the only way to have an estimated amount on waiting validators... And my calculation is not so much wrong, because I have calculated 107M for Klever two days ago, and now it's active with around 106M

Ti stai sbagliando!!! I Reef TOTALI che vedi su nodo già attivo sono corretti!!!! I Reef che vedi sui nodi in attesa non sono corretti!!!!

First of all, try to use only english, not all of us speaks italian. Secondly, if you think that I'm wrong and you are right, explain here how you calculate the amount of stake on waiting validators.

nobody wants to tell me! when klever was shot down i saw that he still had 380 wallets !!! I took a pen and paper and opened all 380 wallets one by one and wrote all the reefs on a sheet of paper !!!! I made a list with 64 places, I took the largest Wallets about 50, I calculated the total and I got to 156 million !!!! I asked a few people to select klever to get it back, we added another 50 million with less than 64 wallets. the goal was to overcome furion2 with 106 million !!!! but that didn't work !! if the wallets are also on other nodes, the calculation divides the reefs in ways that I do not know. to activate a waiting node you just have to activate that one !!!! so the total of the reefs are real !!!! if every person you have in your node has done so then you have 98 million. if the people besides you have selected an active node to get reward you have less reef to calculate !!!!!! Ok?

You are thinking only on terms of total stake, and phragmen consensus takes into account more things than that to choose the active validators

no it's mathematician. nodes that have more reefs if they have already been accepted by the system go up in the ranking as active.

do you want to do the confirmation test? finds 64 people with 1,900,000 reefs ask them to only name you for 2/3 days so you have confirmation to overcome furion2 with 124 million klever with 105 million do not consider it because today when you update it will have 100 million more 😂 these people do not receive rewards for 2/3 days. so if you are willing to send them, that's it!

it's not difficult and we can even get there with much less than 64 wallets. we just need to validate your node. at the moment we have to overcome about 124 million

Furion2 has 219.6M of total stake, you must count own stake and nominators stake

Cazzo Ti succede? Puoi rilassarti un po’ e parlare solo l’inglese qua per favore ?

The minimum active nomination threshold to earn rewards is dynamic. Submitting a nomination intent does not guarantee staking rewards. The stake of the top 1,472 nominators is applied to the validators in the active set. To avail staking rewards, users need to ensure that the number of tokens bonded is higher than the minimum active nomination. If they all were to nominate you and you don't make it to the elected era, they don't get rewards from you. Isn't this what we are talking about here? 🤷‍♂

https://blog.reef.io/how-to-stake-csb/

Right, this is true.

So, am I correct here in saying that IF EVERYONE HERE NOMINATES YOU only and you are not active in the new era, they all lost potential rewards?

Yes, that's the reason because I always recommend to select one active validator at least

So, if everyone here nominates you but also someone else, isn't the full community bond giving you lesser power and fewer chances to become active? There are 23 validators max that are active, right? Only the first 64 nominators get rewards. That's 1,472 nominators getting rewards (let's exclude CSB from this) If 1,472 people were to nominate you only, will you become active?

Probably yes For me it would be ideal to ask people who only nominate me, but I'm not here for people to lose rewards, we must be fair, get rewards and at the same time support waiting validators is possible, but I got more plus if I would support only me

Ok, so I may have explained it using the wrong example and sorry for the confusing bits (you're way more technical than me when it comes to Polkadot) but this is also the community's responsibility to make the network more stable and decentralized and support the "underdogs". They're not doing it though, for selfish reasons, but they complain at the same time. So, do you agree with me when I say that people look after their own interests only? If Reef were to open the slot to the 24th validator, do you think you can make it to the active list?

If the majority was in "for the tech", than you should be in the active set of validators. The fact that you are not shows that we are not doing a good job explaining people how NPoS works (and they don't bother studying either) or they don't care about the tech and are in just to make profits.

@JimiFlowers Do you agree with this or you don't?

Sorry Salvatore, I just try to make things clear for users and not confuse them, I hope my words didn't offend you. I think That 27 slots in the active validators set are Necessary for my validator to Becomes Active

I agree

I wasn't offended at all, we are just trying to clarify things here so that people have a deeper knowledge and can make conscious decisions when it comes to their bonds.

OMG, we finally agree on something! 😱

discussions often lead to consensus 😉

I agree that we should all be concerned about technology and the proper functioning of the reef! But the inflation of the reef is without a brake, not being able to see validators with 90%, this is absurd !!

Inflation is part of the game. We don't stop it, we can't and we won't. We are not printing coins either. So this is another topic that needs to be clarified.

Is it going to be permanently 0% ?

Why should we burn coins?! 🤔

Because you were the ones who talked about the burning mechanism!! Would burn 0.01% token every reef transaction!!!!!

No. Validators decide the commission. Usually, if they start with 0% they can go up - if they want to.

100% of fees are burnt. That's the burning mechanism.

So why did you ask why you should burn token? Lol all cryptocurrency has to have some burning mechanism because if not no one will buy inflationary currency!!

Because I keep getting DMs from angry people telling me to stop printing and start manually burning 😂

As if!

Unfortunately no, because servers are expensive and I'm not a rich man

How much?

Did you know that if you increase the number of validators and the total amount of stake the inflation would get lower? But I think this is not going to happens atm

My Reef server is around 70€/month, because I have more servers on the same cloud and I get discounts, but it usually cost around 100€/month

Yes I knew is what staking polkadot does! Does reef staking also have these mechanisms ??

Yes

@Thiagorj22 @JeffersonBustamante

Great then I'm calmer! K I love you 😎

So you mean you can go back to 5% ?

Aaa and I'm waiting for you on the list of active validators! I just named you since March!

Hey, what about me???

a month after being active probably yes

That's not bad. I spend more on cigarettes 😂

switch to rolling tobacco, it's cheaper and a little less harmful 😂😂

Come to Spain, 5€ 😉

Send me 20 pouches per month, that's €74 difference - I'll keep the €4 and you can use the rest to pay for the server. We can get the rolling business rolling 😂

🤣🤣🤣🤣

Good to have around despite the project is stil under development ,I would like to ask u and be sincere response, why do u chose to run on Reef project and Also wat do u for see in the future about reef which other projects lack behind that make reef to be standout One love 💞

Wow. Maybe if we had a fair chance to compete with the astronomous amounts of liq put in the existing validators, we all be in active sets rn and have some actual rewards.. nominating is becoming a shell game.. its óne way too burn fees tho

I have no idea what you just said, tbh

I'm here because the concept proposed by reef seems interesting and I think in the future can have good results. It is true that I do agree that is not being met the concepts of decentralization and community governance, but that does not mean that the fundamentals of this project do not remain valid. I hope that answers your question

How many Reef on Average each nominator has in your address in flowerstake?

Honestly, I don't know

Oh, I see. I tried clicking their address and saw the balance but it would take me much time to know those 59 addresses. Hope you can make it tho

Well answered ❤️😘

If a public validator is still 60m short to become active after the top 64 filled, that's not a fair chance by me, knowing the existing validators are supported by Reef wallets that some of hold over 75m coins.. Validators being on and off changing reward commission % etc. Causing people to migrate whilst not recieving rewards in the meantime, i compare that to a shell game.. Maybe i just don't get it, idk 🤷‍♂ Besides that i reminisce the positive way of being updated by Denko in the past about development and stuff.. more engaged and uplifting so to say Nevertheless i support you guys, i believe you know/do what is best for REEF in this phase of the project. Just be open about it.

Thanks for sharing your comments 👍

Yeah excuse me sir, i was kinda ranting the past few days.

No problem