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.
 
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GrandMasterDash

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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

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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

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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

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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.
 

Kisker

New Member
Oct 11, 2021
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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?
I think it is not correct. You mean (If anyone who has that much money to purchase 1000 dash) <- This is contradictory and ridiculous.
How does that not violate Nakamoto's ideas?

Even Zcash also announced that it will switch to the POS system. DASH invented DAO, but it lags behind on the DEFI system. This is a step backward. We can see from the Dash price. The truth is hard to hear, but I hope the DASH team can go on and get impoved.
Please keep the enthusiasm and motivation for innovation,Thank you.
 

GrandMasterDash

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Jul 12, 2015
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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?
I think it is not correct. You mean (If anyone who has that much money to purchase 1000 dash) <- This is contradictory and ridiculous.
How does that not violate Nakamoto's ideas?

Even Zcash also announced that it will switch to the POS system. DASH invented DAO, but it lags behind on the DEFI system. This is a step backward. We can see from the Dash price. The truth is hard to hear, but I hope the DASH team can go on and get impoved.
Please keep the enthusiasm and motivation for innovation,Thank you.
Please download the official dash desktop wallet (or just the CLI version) and then tell me it's ridiculous as it is, in fact, a full node that anyone can run without needing any dash at all. And, if you believe people in Iran or North Korea can run bitcoin nodes / miners then you also believe that those people may also acquire 1000 bitcoin or 1000 dash. Pure capitalism is open to everyone, it doesn't discriminate.

There are other projects with different node requirements and node counts. This is true diversity, you get to choose. Again, pure capitalism. ZenCash / Horizen, for example, has a lower collateral and a higher node count. Then again, their minimum spec requirements for a Super Node are more intensive than dash. Perhaps you could challenge them about that? How about bitcoin, how much data to bootstrap the node, how much space and time will that take? Maybe you could compare dash to Solana, please, go have a look for yourself and report back.

Amazingly, there is talk of bitcoin switching to PoS. If either bitcoin or dash switches to PoS I will have to seriously re-evaluate my time here. With PoW, when one party (or a collective) gains majority power, it can only sustain that power for a short while. Unwinding the whole chain literally takes time and energy. This is not the case at all with PoS, which is why when this happens, the project is often forked. See Steemit as an example.

Allow me to tell you what people do with PoS rewards - they buy other coins with it. They believe they are being smart by "diversifying". Part of that diversification is buying bitcoin, even though bitcoin provides no staking service at all. What happens when all these PoS rewards buy bitcoin? - the price of bitcoin goes up! Oh, how clever they think they are! This, right there, is exactly the position of bitcoin maximalists. Not to defend them but they are correct to say that the existence of all these other coins amounts to infinite inflation, which is one of the major obstacles we were meant to be defeating!

So, when Zcash switches to PoS, what will you be buying with the rewards? For me, if the rewards are higher than dash then I will be buying dash because it makes no sense at all to stake dash when you could be buying more dash from Zcash rewards.

Passive income does not grow vegetables, make bread or build cars. With zero work you build yourself up for one mother of a crash that decimates EVERYTHING.
 
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xkcd

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XpoZXRfr2iFxWhfRSAK3j1jww9xd4tJVez
The collateral required to run a masternode should be decreased to 500 DASH or perhaps as low as 250 or 200 and this should be a priority, but alas, the community is too comfortable to make the change and find it easier to complain about a sluggish price than do anything about it. The propagation of TXes would not be effected as Horizen with 10x the nodes runs just fine, but regardless, we can do the modelling to confirm it.

Everything the OP said is true, it is heinous that we are ignoring this. Masternode shares does not solve this issue. The decentralisation of DASH is at stake here. Wake up!
 
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qwizzie

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Aug 6, 2014
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Lowering the collateral will not necessarily provide more decentralization, as current masternode owners will simply add more ip addresses on their vps to start up more masternodes, thereby creating more centralization. Not to mention making it far more easy for Binance to spin up their own masternodes, increasing their centralized presence within Dash even more.

Lowering the collateral will just lead to more future request to lower the collateral, as there will always be people who need lower collateral then currently in place. A continous lowering of the collateral is not a good thing and serves no good purpose. There are other masternode projects that people can invest in, if they want that.

Dash Core Group has already put masternode shares on the roadmap, making the requests for the lowering of collateral obsolete. Masternode shares should attract new people, willing to invest in Dash to receive passive income. Which should make Dash circulating supply more scarce and drive up price.

Personally i think Dash is moving in the wrong way with reducing the proposal fee from 5 dash to 1 dash, as the problem has never been the proposal fee being too high. The problem is that marketing has been almost not-existent for Dash these last few years and people got increasingly unfamiliar with Dash because of that. Simply lowering the proposal fee will not solve this problem. Having more marketing and outreach will solve this problem (in time).
 
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