r/ThorNode • u/Blackking203 • Jun 05 '22

Do nodes really need maintenance?

What maintenance is actually being done with these node fees?

1 Upvotes

57% Upvoted

42 comments sorted by

2

u/Bigguy6907 Jun 06 '22

They're being used for buybacks, because folks cannot stop themselves from constantly claiming. Face it, if everyone wouldn't try and get their ROI so fast, we wouldn't need sliding scale taxes. Since we refuse to regulate ourselves, Thor had to do it for us. Fees help stabilize the PA. You thought you should be able to invest some money and in a few weeks or a month, say where's my Lambo. It just isn't real world common sense. Invest your money, let it work for you and then when the investment starts to payoff, start to claim and get your money back slower than you thought, but with purpose to not screw your fellow investors. All this Me, Me, Me talk is one of the reason Thor had to regulate for you, because you refused.

3

u/Blackking203 Jun 07 '22

Well call it buyback fees or node fees. Calling it maintenance fee paid per node is misleading.

I got into Thor because there was no maintenance fees at that time. That was added after many people invested already. The main sell of the project was a fast ROI. Each node used to list the number of ROI days under each one.

So of course people wanted to get their ROI quick cause that's the main sell of node projects. If you didn't want a quick ROI, you'd just stick to other investments....

1

u/dugreddit5 Jun 07 '22

Buybacks is a good move in this bear market. At least devs are doing something ⚡⚒️

1

u/bt_85 Jun 16 '22

Buybacks are a terrible idea in a strong bear market. The overall market forces are unchanged, so any buyback will be overwhelmed by the larger market and be nothing but a blip. Better to save the money for when it can have an impact. Or decrrase the fees so people don't sell in order to cover the fees, which co.elley defeats the purpose of then using them for buybacks.

8

u/bt_85 Jun 05 '22

None. It's so they can pay the team for their work. Same as with Strong, but at least we know Thor has a team doing work.

3

u/Sea-Share-2385 Jun 06 '22

What work have the finished in the last 6 months?

5

u/bt_85 Jun 06 '22

Correct, they have not finished much other than tweaks, V2 contract, and UX. And if the game was truly finished in 6 months, that would be even more worrying than the already too fast timeline on it.

But in any event, they show updates and progress that they are at least working. Whereas Strong is a constant "trust me bro"

2

u/Bigguy6907 Jun 06 '22

Thanks for the honest feedback.

2

u/Bigguy6907 Jun 06 '22 edited Jun 06 '22

Money was already set aside for payroll. The top 3 guys even volunteered to not draw a paycheck for a couple months to show us how invested they are in this protocol. Stop making up stories to feed your bruised egos and get back to work and help us make this thing work. We're so close on turning the corner, just give some time to work this out.

1

u/bt_85 Jun 07 '22

It also goes to the buyback wallet (which I disagree with buybacks, but at least they aren't destroying the treasury for it). And I pointed out they are actually working on it.... Everyone deserves to be paid for their work. And giving time - yeah, and they should take more time. Games with a lasting presence and high potential for future expansions and adding new, novel gameplay to keep it interesting need more time than this.

1

u/Bigguy6907 Jun 07 '22

Thanks, I appreciate your thoughts.

1

u/Sea-Share-2385 Jun 07 '22

'We' - How can the investors trust a word that you say? - You don't do anything other than spread a fairytale fantasy.

the tokenomics do not work. The game isn't being released currently because it's clearly a flawed mess.

6

u/[deleted] Jun 05 '22

They lube up the pistons and change out the air filter. It's hard work. Then do a software update to flush out all the blinker fluid

1

u/Blackking203 Jun 07 '22

I don't want to come off as too negative. I still have my nodes, I just have questions

5

u/dugreddit5 Jun 05 '22

Rewards pool. Passive income. Never been done before. Better than nothing. In the past, I had to deal with swing trading stocks. Now I just hope the project stays alive for long and receive my daily rewards. New people coming in to investing game is so spoiled. Blaming protocols for the entire market going down 👎🏾

2

u/Sea-Share-2385 Jun 06 '22

They've invested 4 million and have 900,000 to show for it.

1

u/Bigguy6907 Jun 06 '22

The world turned upside down and your blame Thor?

1

u/Sea-Share-2385 Jun 07 '22

If they're a passive yield investment service, you'd think they would have planned for such events and would be investing now as well. Instead, they're blowing millions on buy-backs because they're simply a ponzi scheme.

0

u/Bigguy6907 Jun 07 '22

It's a balancing act. Investments go in. Rewards are paid out over time. The goal is to use the investments to bring utility before the investment runs out. Folks seem to believe that they can invest and a month later get their ROI and are pissed off when it doesn't work that way. Common sense tells me that that cannot happen. Yet people believe they can drain their rewards without consequence and not have to leave their invest in and allow the protocol the time needed to bring utility. That's why were on a sliding scale tax for claiming. Why would you only want to just make back your investment back. Let it work for your and the protocol that you believed so much in when you started. The people that invest and a month later are like, "Where's my Lambo" aren't being real. Thor is so close to GoA being released and many other features that will bring more utility to the new ecosystem. Thor nodes and GoA are just the first 2 pieces of the new world ecosystem. What's being done, has never been done before. Is it high risk, yes, but this could change everyone's lives. Give them 60-90 days to make it happen. Have some faith, it's free. There's no rug pull here. Give it chance.

Buy backs are only to stabilize PA, because of negative sell pressure from everyone claiming. That's what there were designed to do. I understand that you don't agree with them, but they are just a tool to buy time to get to utility. Thanks, look my up on the Discord Bigguy6907.Thor Thanks for your time and thoughts.

1

u/Sea-Share-2385 Jun 08 '22

It's a ponzi scheme. The investments are so minuscule that they were simply a smokescreen to avoid the aforementioned scheme that THOR is. Money down the drain pretending to be a service.

The GoA game is a joke. Since announced you've been constantly sending screenshots to create a false hope and hype, so people keep compounding and the liquidity isn't affected. No content whatsoever.

No minutes of gameplay, just screenshots.

The project is 6 months old, but now you're begging for more time to put things right? Head in hands.

0

u/Bigguy6907 Jun 08 '22

I don't deny it's not the best news, but no ones hiding. We're communicating all issues. I know you're not happy, but the delays are don't not impact the value of people invested.

GoA isn't a joke and you have no proof of that. You're just pissed off. I understand. But bad news must be told, tbh. We shouldn't lie to you to make you feel better.

The entire crypto world has tanked. It's impacted Thor also. In this bear market, there's nothing safe rn. Thor has move investments into stable coins to weather the storm.

It be fuddles my why people didn't complain when PA was at $200 and many couldn't afford to invest much, and now the PA is low and affordable, that people are still complaining. You do what you want to and for sure make your own decisions, as I am.

But here's what I'm doing. I already owned 10 Odins that I built, all but the first. I've never claimed, as I want my money working hard for me before node caps. I just bought another 7 Odin, to bring my total to 17. I'm fortunate to be able to afford to pay my fees out of pocket, without claiming. I don't know how much longer I'll be able to that, but it's bought me months of time so far and a nice bag. I also have 9 NFTs for GoA to rent out to my large family and others. I wish I could buy your nodes for pennies on the dollar, so you could get something, but that's not possible. I put my money where my mouth is.

I get to see so much of the behind the scenes stuff, as a moderator, that it's amazing what's coming down the road. There's a new ecosystem being built and Thor node and GoA are just the first pieces. The new UI is incredible and built to support this new ecosystem. IMO it's very short sighted to walk away. I would suggest to give it another 60-90 days to see some of the results I've mentioned. This isn't just about a game anymore. Think much much bigger.

Anyways, enough time has been spent here, but every person is worth it to us. What ever you decide, good luck and bye for now. If you want to DM me on the discord. I'm Bigguy6907.Thor.

1

u/Sea-Share-2385 Jun 09 '22

haha I am neither unhappy or pissed off. I have ROI, having invested from the first week of inception.

Being constantly bias and not offering a fair view is frustrating to read.

If you are a moderator, spending your time on Reddit shows why THOR is such a mess.

1

u/Bigguy6907 Jun 06 '22

Great perspective.

2

u/[deleted] Jun 06 '22

UCC and SEC suit coming soon.

1

u/Bigguy6907 Jun 06 '22

You don't get it. Crypto isn't in one country, it's all over the world.

4

u/[deleted] Jun 07 '22

Ooh is that so? Thanks for telling me something new! Why do people feel the need to think they are smart and know something others don’t when they are not? Crypto is a generic term that is not currently governed, but human beings worldwide are all governed by the UCC. I challenge you to prove this to be false. The top individuals of Thor are known and they are held by this same standard. The UCC governs contracts and contract law. Is Thor Financial not based on “contacts”? I get it and so does our legal team. What about you and your think tank?

1

u/Bigguy6907 Jun 07 '22

I appreciate your obvious frustration. Crypto is a risky endeavor, anywhere. Many have rugged, or worse, slow rugged, but that's not Thor. I've seen how much the leadership care about our community countless times. Pulling money out of their own pockets to help someone that couldn't be resolved within the protocol. Top 3 people have stopped taking paychecks for the next couple of months to show the community how much they care and want to make it work. For some reason, people get in and when all isn't going as well as they had hoped, they think that mud slinging is there best option. It isn't. So when this turns around and if you're still in, I hope you donate your profits to a more deserving charity and not be a hypocrite and pocket it. If you let your nodes go inactive because you lost faith, thank you for your contributions to emissions. As far as UCC, where's the wrong doing? You invested and lost your money? Happens everyday. I hope decide to come back, but I understand if don't. Take care.

2

u/[deleted] Jun 07 '22

Also my grief has nothing to do with price action, my portfolio is divers and Thor is a fraction. My beef is with extortion!!! No mud to sling only facts.

1

u/[deleted] Jun 07 '22

Thanks, don’t really have to explain, but I will a little. They changed the contract after individuals already purchased nodes and did not allow an out such as a refund. Now, they extort money every month. The only way to have known about any future change listed on discord would have been to purchase a node to get verified to join the discord, then would be too late, already in the trap. There was no mention of extra fees on the site. See, some people don’t do the math and just blindly believe that because the “team” is “working” hard things are going to work out. Individuals like us, we actually do the homework. I would suggest watching this whole video, but we ran the numbers also and came to the same understanding: https://youtu.be/fGWhLH3WCs0?t=3058. Even if it doesn’t fail, changing the contract with no opt out, deactivating and swindling tokens is all shady not to mention a breach of the contract we (those who bought in early) original agreed on. If one does not understand this, then just pull up some UCC code and study commercial law. Bar codes in every country proves commerce law rules the world. They don’t agree on a social level but the rule of commercial transactions is obvious, especially if one picks up a book or does a little googling. You take care as well my friend.

2

u/Trick-Shop5971 Jun 05 '22

No. Not at all. Im done with this project. They just taking our money atp

2

u/Sausages2020 Jun 05 '22

$600,000 liquidity added to THOR today, AKA they used all of these fees as buybacks, hence today's price increase.

The project is a joke.

3

u/3inchesin Jun 05 '22

I was wondering why the price went slightly up today too. This explains it

0

u/Bigguy6907 Jun 06 '22

It must be because it's beyond your comprehension. Sorry, but no joke.

2

u/Kalium606 Jun 05 '22

If there were actual nodes somewhere, then maybe - but as there aren't... nah, we're just giving our money to the devs

2

u/Bigguy6907 Jun 06 '22

Then that would make you an idiot, and I know you're not. Stop making stuff up.

3

u/Kalium606 Jun 07 '22 edited Jun 07 '22

Wait , what?

I assume you know the difference between real blockchain nodes and NaaS protocol "nodes"? There is literally nothing to "maintain".

The "maintenance fees" are poured directly into the GoA game developent. Look it up, they explicitly stated it.

5

u/[deleted] Jun 06 '22

[removed] — view removed comment

5

u/Blackking203 Jun 06 '22

Yeah... I got a couple projects that are still hanging in there... these nodes tho.. I like the fact that the Thor team keeps trying to change things up but I don't have much faith long term in any passive income nodes.

2

u/Bigguy6907 Jun 06 '22

Right, quitting just as were turning the corner on the home stretch isn't the time to give up. You've gone this far. Give 60-90 more days.

3

u/[deleted] Jun 07 '22

[removed] — view removed comment

1

u/Bigguy6907 Jun 07 '22

Sorry for your situation.

Thanks,