Nothing.

tungfa

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Greetings to everyone. I am proud to be a Dash investor, and happy to know things in the Dash project are running smoothly.

Cutting to the chase: alright so the Dash price has gone up exponentially over the past month or two. Yesterday I was viewing Dash being traded on Poloniex and I was finding it kinda funny when sellers would sell they're Dash, you'd see these huge red candles of Masternodes selling they're 1000 Dash at a time, and then other green candles of buyers purchasing 25k in Dash. To some 25k may seem peanuts, but for the rest of society 25k is a down payment for a house.

As the Dash price continues to rise, say to $50, $100, $250, it will then cost $50,000, $100,000, $250,000 to become a Dash Masternode. Which can mean the following: If someone sells they're Dash at $100 Dash each, there will be a need for an investor with $100k to replace that Masternode. Which can then mean less Masternodes on the network over time.

Currently Dash offers 1000 Dash to be a Masternode and "trusted masternode shares" however, in order to be a part of a trusted masternode you need to take your Dash and send them to someone you have never met and don't know who it is. This person is called moocowmoo. So in order for me to be a part of a trusted masternode I have to send my hard earned money to a guy called moocowmoo over the internet. Huh? This isn't something I would ever do even if I were to get paid.

So I propose the following: Dash Masternodes at 50/100/250/500/750 Dash. And simply adjust the payments accordingly, so: 500 Dash generates half of what a full masternode would make, 250 would generate 1/4 and so on.
that will not work
as the server costs will be the same 1k Dash or 50 Dash
if you adjust the MN payouts - the 50 Dash MN has to pay huge amount on top each month and will not make any winnings !
 

demo

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Apr 23, 2016
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So I propose the following: Dash Masternodes at 50/100/250/500/750 Dash. And simply adjust the payments accordingly, so: 500 Dash generates half of what a full masternode would make, 250 would generate 1/4 and so on.
You have to pay 5 dash in order to propose

But you can post a pre-proposal here
 

edificio

New Member
Jan 30, 2017
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Would it perhaps be possible to lower the minimum requirement dynamically with the price of a single dash?

So if the price is 0-100 $ masternode collateral is 1000 dash, 100-200 $ collateral is 750 dash or 500 dash (Whatever makes the most sense) and so on. Masternode owners would then have to purchase open new masternodes, increasing server costs, but only when a dash is worth more and therefore the profit from a masternode still far outweighs the cost of the new server.

This would increase the amount of masternodes over time (Assuming the price goes up, of course), further securing the network - and spreading out the amount of resources needed for a larger network out over a larger amount of masternodes. Decreasing individual server resource reqiurements.
 

demo

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Apr 23, 2016
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Would it perhaps be possible to lower the minimum requirement dynamically with the price of a single dash?
So if the price is 0-100 $ masternode collateral is 1000 dash, 100-200 $ collateral is 750 dash or 500 dash (Whatever makes the most sense) and so on. Masternode owners would then have to purchase open new masternodes, increasing server costs, but only when a dash is worth more and therefore the profit from a masternode still far outweighs the cost of the new server.
The "problem" is that the current masternodes community dislike the idea that small players will enter the area.
They are afraid of their vote.
They are also afraid even more their proposals.
Thats why instead of diminish the proposal fee to 0.33 dash (as they promised to do in 12.1 version) they let the proposal fee stable to 5 dash (which is almost 150$ now, after the increase of dash's price)
 
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edificio

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Jan 30, 2017
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On second thought, tying the dash so close to the dollar might pose some future issues - especially if the US enters another financial crisis at some point in the future. Maybe compare dash to amount of gold pr dash instead.

I don't see a problem concerning the voting system. Say the collateral was lowered to 500 dash. A current masternode owner would now have 2 masternodes - and therefore 2 votes. Amount of votes still increases with amount of investment, exactly as it does now?
 

tungfa

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The "problem" is that the current masternodes community dislike the idea that small players will enter the area.
They are afraid of their vote.
They are also afraid even more their proposals.
Thats why instead of diminish the proposal fee to 0.33 dash (as they promised to do in 12.1 version) they let the proposal fee stable to 5 dash (which is almost 150$ now, after the increase of dash's price)
nonsense
there are already shared masternode services available

edifice:
you have to rent VPs servers and that cost is what i am talking about
 

edificio

New Member
Jan 30, 2017
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nonsense
there are already shared masternode services available

edifice:
you have to rent VPs servers and that cost is what i am talking about
I feel i covered the cost of new servers in my post?

The cost for a server does not increase when dash price increases.

As i see it, the increasing server costs will be dwarfed by the increase in profitability by dash price increasing.
 

demo

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Apr 23, 2016
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nonsense
there are already shared masternode services available
nonsense.
And you didnt answer at all why you didnt diminish the proposals fee to 0.33 dash as you promised.
It is clear why you didnt do that.
You are afraid of the alternative proposals, the proposals of the new generation of dashers.
 

qwizzie

Well-known Member
Aug 6, 2014
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nonsense.
And you didnt answer at all why you didnt diminish the proposals fee to 0.33 dash as you promised.
It is clear why you didnt do that.
You are afraid of the alternative proposals, the proposals of the new generation of dashers.
For someone not invested in Dash (unlike OP of this thread), you sure post a lot and seem to have a lot of quick opinions about Dash.

The only thing i'm afraid of is you bringing us a new generation of dashers who are not invested in Dash but post their conclusions about Dash
here in this forum faster then the speed of our instantsend.
 

demo

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Apr 23, 2016
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For someone not invested in Dash (unlike OP of this thread), you sure post a lot and seem to have a lot of quick opinions about Dash.

The only thing i'm afraid of is you bringing us a new generation of dashers who are not invested in Dash but post their conclusions about Dash
here in this forum faster then the speed of our instantsend.

Instansend does not work properly. You should say "faster than the speed of our blockcypher."

Unfortunately you have to give your private keys to blockcypher, but who cares about it?
I dont care because I have no dash, and the masternodes dont seem to care too. Do you care?
 
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MangledBlue

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Jun 28, 2014
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DASH has committed to a 1000DASH MN requirement
This discussion has been done to death in the past

- So sorry you missed it.... -

Newbies can complain that they are poor all day long and want to fix DASH for the people
and
That response will always be the same....................

"IF YOU DO NOT LIKE DASH >> AS IT IS << THEN YOU SHOULD FORK IT AND REBUILD IT INTO YOUR OWN COIN !!!

I own 2x MN's and been around since the start - so - where were you when DASH was $1.70USD or $1,700USD per MN?
[...and that really was not very long ago]


If you missed the boat don't bitch about getting a shitty seat on the next one.

There will be a LOT of boats by the way.....



OH - And @moocowmoo is one of the MOST TRUSTED individuals around here - He is ALSO a 'DASH Developer' - Please - Do your research before you go mudd-sling'n - - - nuff said.....................
[damn trolls]




edit:spelling
 
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demo

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Apr 23, 2016
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"IF YOU DO NOT LIKE DASH >> AS IT IS << THEN YOU SHOULD FORK IT AND REBUILD IT INTO YOUR OWN COIN !!!
This phrase is a direct denial of governance. Do you want dash to be governed or not? If you do, then you should accept the minorities over here. Governance is not about forking, it is about fixing.

Thats what the minorities are asking. They want to fix dash, they want to convince the majority. If you refuse the minorites, then they will surely fork oneday, but then your governance will be a failure.
 

bhkien

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Mar 31, 2014
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Warren Buffet doesn't split stock of Berkshire Hathaway because he needs committed investors. Dash is also the same. We need committed investors rather than a lot of uncommitted investors to keep Dash prices stable and growing.

That why we shouldn't reduce the requirements for a masternode, unless we need more masternodes.
 

demo

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Apr 23, 2016
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Warren Buffet doesn't split stock of Berkshire Hathaway because he needs committed investors. Dash is also the same. We need committed investors rather than a lot of uncommitted investors to keep Dash prices stable and growing.

That why we shouldn't reduce the requirements for a masternode, unless we need more masternodes.
If Dash affliliates with blockcypher, then you will need less masternodes than you need today.

One of the services of Blockcypher is to offer a service similar to InstantSend. So if blockcypher is implemented in Dash, and InstantSend becomes obsolete, then the masternodes will become more and more useless.

If the masternodes become useless, then why they should keep their voting rights, and why the masternodes should keep receiving the block reward?

The community gave a block reward to the masternodes because of the service they were offering. If this service stops or becomes obsolete, then the masternodes should not have the right to receive rewards, or their rewards and voting rights should diminish.
 
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bhkien

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If Dash affliliates with blockcypher, then you will need less masternodes than you need today.

One of the services of Blockcypher is to offer a service similar to InstantSend. So if blockcypher is implemented in Dash, and InstantSend becomes obsolete, then the masternodes will become more and more useless.

If the masternodes become useless, then why they should keep their voting rights, and why the masternodes should keep receiving the block reward?

The community gave a block reward to the masternodes because of the service they were offering. If this service stops or becomes obsolete, then the masternodes should not have the right to receive rewards, or their rewards and voting rights should diminish.
Blockcypher is only for Dash reaching larger audiences, it cannot replace InstantSend or other services of masternode system because Blockcypher is a centralized service.

And masternode network not only used for InstantSend but for many services of Evolution.
 
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demo

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And masternode network not only used for InstantSend but for many services of Evolution.
Can you name those "many services" of Evolution that use the masternode network?

I am waiting for your answer...

https://www.dash.org/evolution/
EVOLUTION ALPHA
Now that Dash 12.1 has been released, our next step will be to release an alpha version of Evolution toward the end of 2017. We will be making additional releases before then, including a full whitepaper, so please check back here for updates. Stay tuned!
:rolleyes::rolleyes::rolleyes:o_O:mad:

Why? Why you are such a liar?
And why people like the liars?
:confused:
 
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demo

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If you can't wait why you are still here? You had better come to Monero's or others'.
You said "And masternode network not only used for InstantSend but for many services of Evolution." . This refers to the present and the past, and it is obviously a lie.

But lets suppose that you refer to the future.
So please name the future services of the upcoming evolution version, that will need exclusively the masternodes network (and not a centralized company like blockcypher, coinfirm e.t.c.)
 
Feb 25, 2017
165
12
78
DASH has committed to a 1000DASH MN requirement
This discussion has been done to death in the past

- So sorry you missed it.... -

Newbies can complain that they are poor all day long and want to fix DASH for the people
and
That response will always be the same....................

"IF YOU DO NOT LIKE DASH >> AS IT IS << THEN YOU SHOULD FORK IT AND REBUILD IT INTO YOUR OWN COIN !!!

I own 2x MN's and been around since the start - so - where were you when DASH was $1.70USD or $1,700USD per MN?
[...and that really was not very long ago]


If you missed the boat don't bitch about getting a shitty seat on the next one.

There will be a LOT of boats by the way.....



OH - And @moocowmoo is one of the MOST TRUSTED individuals around here - He is ALSO a 'DASH Developer' - Please - Do your research before you go mudd-sling'n - - - nuff said.....................
[damn trolls]




edit:spelling
That's a very shitty response. You must have a shitty personality too. Maybe you should soft fork your personality or maybe someone should hard fork it for the better.

I didn't get to know about cryptocurrencies till 2 months ago. And I didn't know about Dash till a month ago. So what's your point?

Maybe you know who moocowmoo is but I don't. Even if I got to meet the guy I still wouldn't trust someone else with my Dash. I'm pretty sure YOU wouldn't send your Dash to someone you don't know would you?

In your case sure it was easy obtaining 2 masternodes when the price was $1.7 but now its $25 and its not so easy. I could care less what Dash the company decides to do, I'm just pointing out a few things that may need consideration in the future.
 
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Feb 25, 2017
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that will not work
as the server costs will be the same 1k Dash or 50 Dash
if you adjust the MN payouts - the 50 Dash MN has to pay huge amount on top each month and will not make any winnings !
You are assuming the price of each Dash will remain the same which it will clearly not. I can foresee the price going higher faster than even Bitcoin.

As the price of each Dash goes up it will overtime make those server costs be less and less if a masternode only required 50 Dash (for example).

Everybody wins if Dash the company decides to lower Masternode requirements, Dash gets to charge the $35 to each person every 3 months and the investors that currently dont have 1000 Dash can benefit by being able to become a masternode with less Dash.

Everybody wins.

2 weeks ago I was actually considering whether or not I should buy any Dash at all just because I didn't have the funds to buy 1000. I finally decided to buy 500. But now I'm caught in the middle where I would have to send my 500 to moocowmoo which I won't.

Who knows, I might sell my Dash if I see better opportunities in the cryptospace :/.
 
Feb 25, 2017
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Warren Buffet doesn't split stock of Berkshire Hathaway because he needs committed investors. Dash is also the same. We need committed investors rather than a lot of uncommitted investors to keep Dash prices stable and growing.

That why we shouldn't reduce the requirements for a masternode, unless we need more masternodes.
Warren Buffett would've had more investors in Berkshire Hathaway if he would have split the stock. He didn't have the brilliance to do so. Just because he does something a certain way doesn't mean it is correct. If he would have split the stock I would have gladly invested a couple K into his company, but whatevs.

Did you know Warren Buffett dislikes Gold? Did you know Warren Buffett doesn't like Bitcoin or cryptocurrencies?

Warren Buffett is smart in certain things, not so bright in others.
 
Feb 25, 2017
165
12
78
Warren Buffet doesn't split stock of Berkshire Hathaway because he needs committed investors. Dash is also the same. We need committed investors rather than a lot of uncommitted investors to keep Dash prices stable and growing.

That why we shouldn't reduce the requirements for a masternode, unless we need more masternodes.
Large investors don't make prices more stable. You should have seen the Dash selloff yesterday. The chat in Poloniex was exploding with people saying "manipulation" and "whale games" because of the large candles of masternodes selling they're 1000 at a time.
 

camosoul

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Sep 19, 2014
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Millennial Snowflake managed to miss the writing on the wall for 2 years. You would have lost it all on MtGox had you even been around for it...

You missed your moon shot, rather than accept responsibility; "DASH is broken, 'fix it!'" Typical Millennial Snowflake...

Large investors do make the price more stable. If I sold mine, the price would tank back to single digits.

You're a perfect stereotype of the clueless Snowflake that I've referred to as a "cryptotard" for nearly half a decade. You have no idea what's going on, no idea how it works, chase waves like a lemming without paying any attention, and make demands and spout what you imagine to be knowledge while making a fool of yourself and being so clueless you don't even realize it. All because you didn't have (and still don't) sufficient powers of observation.

The most damaging thing about "being offended" is that you learn nothing and keep making the same mistakes.

DASH is still not expensive enough to keep the retards off the masternodes. That's the whole point...

Sodl when should hodl. Hodl when should sodl... Send a postcard when you submit a gofundme-esque budget proposal demanding DASH refund your losses... I'll be on muh boat, laughing. Please tell me your GPS coordinates so I know the general direction I should be pointing as I laugh.

Buy when there is blood in the streets for no reason. Hold when things surge; just walk away from the computer and go do something outside. Doing this converted my $450 original crypto investment into almost 8 digits. In 6 years. Luck had nothing to do with it. Not being a fuckin' moron is how it happened.
 
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Macrochip

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Feb 1, 2015
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But isn't he entitled to a cheap Masternode camo? I mean he was born! He has inalienable rights! It's probably somewhere in the Constitution, too!

Masternodes were created to hand out free money, nothing else! Everyone is entitled to get one!

Let's make Masternodes cheap again! MMCA-heads unite!

Oh: And please no one tell him about interest bearing accounts ;)
 
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demo

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Apr 23, 2016
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DASH is still not expensive enough to keep the retards off the masternodes. That's the whole point...
Wait, and in a couple of months, the masternodes may become obsolete.
The decisions they are taking is like shooting their own foot.

If privateSend and InstantSend is not served by them, then why do we need masternodes?

Could you please name the services that will need exclusively to be served by the masternodes network (and not by a centralized company like blockcypher, coinfirm e.t.c.)?
 
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camosoul

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BTW; their, there, and they're. They are all different. Learn.

Being really stupid is the problem.
 

camosoul

Grizzled Member
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We're all created equal. After that; keep up.
I mean he was born! He has inalienable rights! It's probably somewhere in the Constitution, too!

Masternodes were created to hand out free money, nothing else! Everyone is entitled to get one
Life, liberty and the PURSUIT of happiness. And, it's not in the Constitution. He may not even be American, but, the Millennial Snowflake attitude stinks of it...

He had the same right to pursue that I did. He chose not to avail himself of it. Now he wishes he had. Now it's the evil rich-peoples' fault...

Lets see if he starts a Black Bloc.

"There is no such thing as too much ammo." - camosoul, the day he was born.
Let's make Masternodes cheap again!
If @babygiraffe and @Minotaur don't get their heads out of their butts; this may happen.
 
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demo

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Apr 23, 2016
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But isn't he entitled to a cheap Masternode camo? I mean he was born! He has inalienable rights! It's probably somewhere in the Constitution, too!
Yes of course. Those who were born in 2017 have inalienable rights to the digital cash of the future, whatever this will be.
They are babies, remember?
Do you condemn the babies to poverty, simply because their parents didnt decide to mine or to buy a masternode?
Or do you think that those babies will decide to use your digital cash, if they are free to do it?
They will not, the 2017 babies will choose their own digital cash, so the only way for the 2017 babies to use your money is either to stupefy them or to force them with the guns (of @camosoul :p)
 
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GrandMasterDash

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Jul 12, 2015
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@Anonymous Dude As you can see, unfortunately, money and corruption has gone to the heads of many masternode operators, they have fantasies of lavish lifestyles while barely lifting a finger. Right now these MNOs are earning 5x or more than they were a year or two ago, and they still refuse to do anything more than keep a server online and pretend they are making important decisions when they're not.

Flick through these forums and you'll see the denials and the lazy ass responses.

If I said, "a corporate will one day issue it's own cryptocurrency", a lot of people might wonder why.. well guess what, dash is increasingly moving to centralised services and offices.. what's the difference other than going about it from the other direction? Don't get me wrong, I think it's interesting to watch from the outside, but heck, I'm convinced other cryptos are moving in better directions.

(and watch them mark me as trolling simply because I don't align with their get-rich-quick schemes)