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I wrote this in my first post: Naming these nodes 3rd tier can cause some confusion because 3rd tier application will be hosted on top of the 2nd tier of masternodes at a later date which will just make things confusing. Third tier apps are to be built on top of what Evan called the 2nd tier...

Sapereaude Haha. You really haven't been around long have you. Those two are not even mineable coins. No one is mining Mastercoin or Counterparty. They are both using the Bitcoin blockchain. Counterparty was very successful until Overstock, which was present at this current Bitcoin Miami...

The more people get this point the better.

Guess you haven't been around that long or haven't paid attention. There are a few. For example Counterparty which is a Mastercoin fork. The main Counterparty dev worked on Mastercoin initially, forked Mastercoin and started Counterparty as one man show. Everybody laughed but he had the last...

sangoku I think Lite Nodes could solve that problem. Have a very low LIte Node requirement of say $100 or $50 worth of DASH pegged to USD (adjust it once every 6 months) or something. These $50/$100 nodes could handle certain tasks and have fractional voting power, say 1/10 or 1/100 of a...

Sapereaude Actually that happened in quite a few projects, high profile crypto projects. Devs that abandoned some projects started others that were much more successful.

sangoku Evolution will have higher requirements. Masternode costs will go up somewhat not as much as the profits as DASH gains in price. There are now two types of nodes, DASH full nodes and DASH masternodes. The full nodes don't get any rewards. They are basically operated at a loss. Lite...

sangoku SnowHater Yes and yes. System can and should be improved. It's called evolution. ;) I believe some masternode owners are a bit short sighted and don't see the full picture. You have to balance short term gain with long term benefits. Otherwise you'll end up playing with yourself in a...

Very good point. You can have a talented developer from say Ukraine or Russia, India or China that earns less than $500//month but is well educated and smart as compared to some newspaper delivery guy from Switzerland who earns 5x-6x times that but is dumb as a rock.

Dashwhale was bad choice of name for such a site. Fat whale banker sucking on a cigar motif. Sends the wrong message, I agree. This is a community website though, created by a member You can also vote from the wallet directly just that it's bit rough, unpolished still.

lynx http://www.mytopbusinessideas.com/school-drop-out-billionaires-successful-entrepreneurs/ This list misses lots of names. I could add some high profile billionaires to this list, ones I know about that are not listed here.

http://www.theguardian.com/careers/finance-industry-wages-earnings here. You will find lots of data all over the internet about the wages in the banking sector which are by far the highest as compared to other sectors. There are way smarter people who work in tech related fields that earn WAY...

lynx Correlation is not causation and it's totally irrelevant in our case. You are selectively responding to points you can combat. What about the banking and oil sector? It's proven those are paid much better than the rest.

lynx I was talking about this type of wishful thinking, of thinking you are better than the rest to justify staying in power. I wasn't talking about masternodes. . Correlation between education and wealth? I can name you dozen of billionaires who are school dropouts. There's plenty of them...

There is some truth to that but you can always make up arguments to rationalize a wishful thinking. Dictators have done this for thousands of years, rationalizing staying in power for any means necessary, deluding themselves that they are the only one who hold the answers. Power corrupts. This...

lynx How do you know who has or who doesn't have said economic experience? Not sure I follow your logic. How does this fit into our discussion?

Aside from what has been said so far a friend made a very good point and he's totally right: A high price to entry for these nodes will price out 98% of the world's population. You don't want to have a community of just middle class geeks now do you? Ideally we'd like to have worldwide node...

raganius Yes, Lite Nodes could take on some of the burden from Masternodes and provide useful service. After Evolution the requirements for a Masternode will be quite high. It would be difficult for example to run nodes from Pi2 computers due to the high requirements but these would be perfect...

With fractional voting you won't need to do any redistribution. If say a Lite Node has 1/100 the voting power of a masternode.

raganius No, I don't see your point. Not sure you see mine. :) Check the Lite Nodes thread. Lite Nodes could be like mini masternodes with lower requirement. They will also be compensated cos they provide a service as well but also get voting rights. No one is talking about giving your...