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Not enough for full node, what to do then?

Discussion in 'General Discussion' started by europound, Sep 28, 2017.

  1. europound

    europound Member

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    How to join to a shared masternode if you don't have enough for your own 1k full masternode?
    Is it safe?
     
  2. Syntheist

    Syntheist Active Member

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    There are a number of masternode share services, you have to give the Dash over to them so you are exposed to the risk of it being lost if they are hacked or physically compromised.

    You could also form a company with a bunch of others and run your own shared masternode, sadly masternodes do not support multisig addresses so in this situation there is still trust involved.
     
  3. europound

    europound Member

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    very bad, just a matter of time before somebody runs aways with dash

    cryptsy
    mtgox
    btc-e
    etc
     
  4. Tallyho

    Tallyho Member

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    Then don't trust them and wait for Evolution to bring the trustless masternode shares. I have shares with both services and am very happy. I am also aware of the risks.
     
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  5. calnaughtonjnr

    calnaughtonjnr Well-known Member
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    I, and certainly many others here, would recommend splawiks masternode share service. I have used him for a long time for partial masternode shares. Great guy and really helpful.

    I cashed some out only a few days ago and had the dash returned within minutes.

    Calling @splawik21
     
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  6. europound

    europound Member

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    what stops him to run away?
    or get busted by feds or irs?
    or die ?
    and how can I withdraw main Dash from him?
     
  7. calnaughtonjnr

    calnaughtonjnr Well-known Member
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    Busted by feds? For what?

    As for death, you'd have to ask him about that, but as he asked me about me having a plan if I died, I'd guess he's covered. But like I say, a valid point that I'm sure he'll be happy to discuss.

    Running away also possible of course. He handles a lot of money for a lot of people. Splawik is well known around here though and has trust from a lot of people - a good reputation. Maybe have a chat with him and see how you feel after that :)
     
  8. europound

    europound Member

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    please just make a smaller entry level into masternode business
    or trustless shared masternode
    from 500 Dash please?
     
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  9. Tallyho

    Tallyho Member

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    I'm a little puzzled that you're asking about Masternode shares whilst at the same time asking about the safest way to store your masternode collateral.

    In answer to your question above, however, the masternodes service the network, not the other way around, and right now the network does not need any more masternodes, therefore there is no reason to reduce the amount of collateral required. The high collateral requirement is important to protect against Sybill attack and keep the network secure, and the block reward paid to masternodes keeps them incentivised to always act in the best interests of the Dash network. Reducing the collateral to 500 at this point would not only flood the network with far more masternodes than it needs, it would enable the wealthier holders to double up their masternodes, potentially reducing the network security, whilst also greatly reducing the rewards paid per masternode, reducing the level of incentivisation for everybody, which would be the biggest blow for those with only one or two nodes.

    I'm not unsympathetic, I am in the same position that I just don't have enough Dash for a masternode and probably never will. But I also understand that the needs of the network come first. For those of us who didn't buy enough Dash while they were cheap, that's our problem and it would be silly to harm the efficiency of the whole network just to make us feel more included.

    As for the trustless masternode shares, they will come. But it won't be any time soon.
     
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  10. europound

    europound Member

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    rich people have many millions
    poor people have much less

    easy for rich to become masternode but hard for poor
     
  11. Vedran Yoweri

    Vedran Yoweri Active Member

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    when you are poor you should be smarter and buy @ low prices. anyway, mns exist to service the network, not to be easy investment.
     
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  12. camosoul

    camosoul Grizzled Member

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    ME WANT MONEY HOSE!!!! I AM ENTITLED BRAT!! I HATE DASH BECAUSE NO FREE MONEY HOSE!!!

    masternode.me

    But, do we want to subject the share operators to a shitty attitude?

    I never learned any of the necessary technical background, but I identify as a Masternode Operator. I DEMAND FREE MONEY FOR NOTHING! I'm an MNOsexual! USE MY PRONOUNS!!! REEEEEEEEEEEEE!