About MasterNode requirement

Kisker

New Member
Oct 11, 2021
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Dear Dash team,
I am a Dash holder and I think it is necessary to reduce the master node requirement from 1000 Dash to 100 Dash. (This is risk but it is worth to do it)

Some point as below:
1. This change will make the Dash network more and more decentralized.
2. It will effect more people to participate in the DASH master node, hold DASH for a long time and get benefits. This will make the hold Dash system to be a circular Economy as below:
A. More people will want to create a master node to get the passive income.
B. Dash price will go up.
C. People will gossip and more and more people want to create more master node to get passive income. (Then dash can consider reduce the master node requirement again.)

I think this is top priority what dash need to do instead of such as .. account or wallet... something unrealistic and useless for the dash grow.

3. Reduce the proposal creation fee from 5 dash to 1 dash or much lower such as equal to 100 USD amount of dash. (People don't want to do such hard work and may not get pay before the proposal not pass)
This can make more user want to do proposal even they don't have a full picture of the plan. And make the creative proposal more and more.

Please let CEO knows dash is going to a wrong way.
Thank you.
 

GrandMasterDash

Grizzled Member
Masternode Owner/Operator
Jul 12, 2015
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The proposal fee is being reduced on the next release.

Reducing MN collateral by 10x would likely increae the node could by 10x. That would create ~46000 masternodes and would have a negative impact on transaction propagation across the network i.e. much slower transaction locks. That being said, I would support a lowering to 900 dash and then afterwards reduce annually inline with coin emission.
 

Kisker

New Member
Oct 11, 2021
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How about create a new layer under the masternode layer.
Let said a worker node layer.
People can create worker note for 100 dash.
Every 10 of worker notes increased system will choose 1 of them to be a masternode.
And this masternode from that 10 worker nodes need to share the benefit equally.
Then can make more people join into the masternode network make the community more united.
And can avoid the increase in transfer time you said too.
People need a strong reason to be a Dash longterm holder.
 

GrandMasterDash

Grizzled Member
Masternode Owner/Operator
Jul 12, 2015
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Masternodes perform necessary services and provide redundancy to the network. This is not a social cause to fill people with hope and patronage. I do agree there should be more inclusive activities / services but there must be actual needed work performed. I do not support the creation of work for works sake, that is the evil of socialists.

If you suggest, for example, to build a new node class, a low latency content delivery network, then yes, I would love that.
 

Kisker

New Member
Oct 11, 2021
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Okay.. Well, what you said does not sound creative at all.
Low-latency networks are boring. Now many blockchains can control the transfer time within 10 seconds. I don't think it will bring much development to DASH.
The development of DASH will definitely require more people to participate, bringing more development and innovation.
I suggest that if you want low-latency transactions, you can choose Cash or VISA.
I just think that these kinds of master node violates Satoshi Nakamoto’s decentralization idea.
And to rest on its laurels even makes DASH lose the opportunity to develop rapidly, and even be annexed.

In essence, DASH has only 3 functions:
1. Transfer.
2. Coin join.
3. I can't even think of if there are third function (Only has the masternode layer which common people can not join apart of it)..

I just checked dash all completed work in past 2 years.
No any creative at all.

( ~46000 masternodes and would have a negative impact on transaction propagation across the network i.e. much slower transaction locks)
^ This just makes me feel that you have not really looked for a method. There are always methods. Blockchain practitioners always think out of the box.
 

GrandMasterDash

Grizzled Member
Masternode Owner/Operator
Jul 12, 2015
2,998
1,161
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Try telling Netflix / Amazon Prime customers that "low latency networks are boring". I wasn't talking about coins, I was referring to servers located close to customers for live streaming, whether that is games, videos or the metaverse. Those kind of services would benefit from payment streaming, whether that's c2c, c2b or b2b.

Anyone is free to run a full node or a masternode, including people in Iran and North Korea. How does that violate Nakamoto's ideas?

It was YOUR method that proposed 10x the number of nodes. Oh, you can get that many nodes, just go over to ZenCash, or Horizen or whatever the fuck it's called these days.

Nothing creative in two years? How about the Dash Investment Foundation?

"The World’s First Ownerless & Memberless Investment Fund"

Not only was dash the world's first fully working DAO, it was also the first fully decentralized crypto project to own real world assets, including gold and company shares. From that, the Dash Investment Foundation invested in Cray Pay whom created Dash Direct. Now anyone in the US can spend dash without KYC at more than 155000 retailers and get a discount without having to wait or stake. But I guess just not creative enough for you.