...or just move to Stratis and pay $2 mil for a node...Don't you see the problem that you don't need 170k to run a 10 dollar a month server?
And your fees would rise to 100 a month but you still receive 1.45k per month. Are you saying that fee is so much you would sell your Dash because of it? Because the income amount for still great
We don't need more nodes though. Using more nodes to decrease MN profit margins seems counter-productive. You could achieve the same result by decreasing the MN portion of the block reward to less than the current 45%, which I am guessing would also be received about as well...Don't you see the problem that you don't need 170k to run a 10 dollar a month server?
The reason it allows higher consensus by Dash owners and allows more coins to be locked up into our network making it stronger. The maximum amount nodes will lose is 1/3 of return if 100% of the network locks into nodes. Spread the wealth rather then only having 5000 nodes holding 99% of the wealth. Creates a capitalist market in the long run.We don't need more nodes though. Using more nodes to decrease MN profit margins seems counter-productive. You could achieve the same result by decreasing the MN portion of the block reward to less than the current 45%, which I am guessing would also be received about as well...
I talk about why this is the wrong way to go about decentralizing nodes. Also very risky, they could steal everyone's Dash right now today so definitely not the way to go.MizzyMax - are you aware that you can buy "shares" of a Masternode? http://dashmasternode.org/masternode-shares/ The minimum deposit amount is 25 Dash.
And who do you think owns those? Probably primarily the developers so they have complete control of the network. Correct?...or just move to Stratis and pay $2 mil for a node...
If you want better consensus, then run a full node, you don't need to be a masternode to support the network. But if you do want some of the reward for running a masternode, a few services exist for you to buy shares.And who do you think owns those? Probably primarily the developers so they have complete control of the network. Correct?![]()
I would never in my whole entire life ever let someone else be my crypto bank and hold my money for me. 1 flip of the switch and moocowmoo could decide he's going to go buy a mansion in the Caribbean with everyone's Dash money.@Chuck Williams lol he doesn´t trust moocowmoo it seems to me. so you have a very low trust in our community, just be more on slack or on reddit and talk to us and learn to trust us @MizzyMax
Iv stated why I believe shares is the wrong way to go about things, it is not a very good solution and it needs to be fixed from the core and not the outside.If you want better consensus, then run a full node, you don't need to be a masternode to support the network. But if you do want some of the reward for running a masternode, a few services exist for you to buy shares.
Instead of challenging the rules for masternodes, it might be better to tempt us with a different class of node; operating with different objectives and rewards.. that's something I might be interested in.
In the future, there might very well be a trustless option to own shares in a masternoode, it is being looked at. It would be cool if MNs could be created using multisig, so maybe that will come in the future?Iv stated why I believe shares is the wrong way to go about things, it is not a very good solution and it needs to be fixed from the core and not the outside.
My initial idea I imagined was this but I had been shut down so I wanted to just see if the node owners agree there is a problem here. But here is my original idea:
If we could possibly create a system where you can collateralize as much Dash in 1 node as you want and you will get paid a set percent on it (the more Dash collateraled the more activity you will receive) that is definitely the route we should go. If you think about it, some master nodes don't even run the node themselves, they outsource the servers. So I think the ability to create a node easily just like we are making getting into Dash easy, would be where we would succeed.
It would work the same way with voting as well, the more Dash collateralized the more votes. And as masternode owners , currently I think you might even earn more in this system. Every Dash you earn is reinvested, instead of needing to wait till you can buy another node at 1000 Dash. I'm sure there are some masternodes who have 500+ Dash just sitting there as extra funds they have earned but it can't be used at all.
Shares has so many problems with it honestly, the Dash holder should run it himself. And I have heard (maybe I'm wrong) that it will take 24 hours to withdraw funds from your node shares account in evolution. So that Dash is locked in haha but not personally owned masternodes though. It makes sense, Dash holders would constantly be switching nodes because 1 person withdraws funds so it prevents that from happening.In the future, there might very well be a trustless option to own shares in a masternoode, it is being looked at. It would be cool if MNs could be created using multisig, so maybe that will come in the future?
Btw, owning a masternode does not forcibly lock funds.. MNOs are free to sell at any time, but of course, they would not receive a reward and they'd lose their voting power. And keep in mind, limited supply does not in itself make a crypto valuable. The only thing that makes any crypto valuable is relevance.
What you should understand is, owning the base unit of any cryptocurrency is very similar to owning shares in a company. You may not have voting rights but at some level (superficial or otherwise), you are buying into it's community, it's aspirations and credibility. And you are making the precise decision not to put that dollar elsewhere.
My understanding is that Evolution will have savings accounts where anyone can earn on their dash.Everyone please look at this post on Reddit and it's comments, at least half are saying to invest into other coins. My point exactly on why this needs decentralized to allow all users an interest to get into Dash. And this is our own Reddit! Sad. 10k that this user would love to invest into Dash and we have no good answer for him.
https://www.reddit.com/r/dashpay/co...for_a_masternode_but/?st=J43D3M4Q&sh=772b0b26
Yes, Evo will have interest bearing savings accounts. It may not be perfect but better than making MNO have to buy ten times the amount of nodes which the network does not need. It's about what the network needs not about getting everyone paid. Evo will help get more people paid and while i'm not sure exactly how voting rights will work at first eventually i'm sure it will be coded in and you will have a percent of the vote depending on your stake in the coin. At first it will prob be like it is now with shares but it will be trust-less.My understanding is that Evolution will have savings accounts where anyone can earn on their dash.
It's a moot point. Even if the devs own most of them (and they do), the remainder are held almost exclusively by timid, clueless fools and sycophants.And who do you think owns those? Probably primarily the developers so they have complete control of the network. Correct?![]()
You just listed a whole bunch of problems with masternode shares. "It may not be perfect" well let's make it perfect. And by the way this is only to show there are problems with creating shares and that we should go another route.Yes, Evo will have interest bearing savings accounts. It may not be perfect but better than making MNO have to buy ten times the amount of nodes which the network does not need. It's about what the network needs not about getting everyone paid. Evo will help get more people paid and while i'm not sure exactly how voting rights will work at first eventually i'm sure it will be coded in and you will have a percent of the vote depending on your stake in the coin. At first it will prob be like it is now with shares but it will be trust-less.
If you want to vote now with shares you can ask the person who runs your shares to vote how you think they should, if they do not you can use another share service, if they don't vote how you like you can start your own, if it does not have enough participants then the market is telling you something. let free market competition work.
We don't want all users. We want the ones who "get it" and no retards holding us back. Unfortunately, there's still a lot of bagholders from way back who are retarded.Everyone please look at this post on Reddit and it's comments, at least half are saying to invest into other coins. My point exactly on why this needs decentralized to allow all users an interest to get into Dash.
I'd take a retards money any day idk what your talking about lolWe don't want all users. We want the ones who "get it" and no retards holding us back. Unfortunately, there's still a lot of bagholders from way back who are retarded.
Essentially, we already have enough drunken homeless people on the board of directors. We don't need any more.
My reason for this is to show the shares system is flawed and not the right way to goMy understanding is that Evolution will have savings accounts where anyone can earn on their dash.
Taking money from retards, and affording them a seat on the board of directors, are not the same thing. You're the one who suggested it, so don't tell me you don't know what I''m talking about... It's your subject matter...I'd take a retards money any day idk what your talking about lol
There is absolutely no proof once so ever that a wealthy person is a smart person. The general public (everyone who owns any form of Dash) should have a vote on how they want the coin to evolve. Everyone has a voice and should be able to use it.Taking money from retards, and affording them a seat on the board of directors, are not the same thing. You're the one who suggested it, so don't tell me you don't know what I''m talking about... It's your subject matter...
I've met only a few rich dumbasses.There is absolutely no proof once so ever that a wealthy person is a smart person. The general public (everyone who owns any form of Dash) should have a vote on how they want the coin to evolve. Everyone has a voice and should be able to use it.
Ah so let's say there was a proposal sent in to lower the masternode reward to 40% for any reason. Who is going to vote yes for that?I've met only a few rich dumbasses.
I've met tons of broke dumbasses.
No rule is absolute, but there is a definite demographic split. Denying it is silly.
Everyone already has a voice and is able to use it. Everyone has a power to vote using their wallet and their feet: if he doesn't like the direction, the project is going, he sells his shares.The general public (everyone who owns any form of Dash) should have a vote on how they want the coin to evolve. Everyone has a voice and should be able to use it.
So is that our answer for everyone who wants incentives and to vote? Sell your Dash we don't care about you? If so that is a terrible way to treat Dashs community.Everyone already has a voice and is able to use it. Everyone has a power to vote using their wallet and their feet: if he doesn't like the direction, the project is going, he sells his shares.