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Thoughts on potential for greater decentralization

Discussion in 'General Discussion' started by maxp, Aug 12, 2017.

  1. maxp

    maxp New Member

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    Would it be possible to further break down the ownership of masternodes via something like a smart contract? I realize that they're not a part of Dash (right?), but is there any way to implement it? As of now, the only way that I've seen to "own" a small part of a masternode is to trust one of a few members of the community, and while I don't suspect they are undeserving, doesn't that kind of go against the general concept of decentralization? Also, as far as I can see, those who "invest" with them have no real voting power, which further centralizes the system. Couldn't a system in which people trustless-ly own a share of a masternode, and also participate in a voting process equivalent to their portion size (the more popular opinion of which would be voiced by the node) be far better, both in greatly leveling the playing field for less wealthy members of the community, and in increasing the voting demographic? With only the super-wealthy being able to purchase masternodes, doesn't that also mean that, in truth, a very small percentage of the community holds all the power, and in turn, doesn't really represent the opinions of dash users as a whole?


    Sorry for rambling, I've had that thought in the back of my brain for awhile, and felt like I should put it out there, to generate discussion among people who might actually be able to act on it. It's also late and I didn't think a proofread was necessary, as long as my general thought process was somewhat understandable.
     
  2. demo

    demo Active Member

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    They dont want the number of masternodes to increase.
    This is part of their design, in order to be able to shut down the dash network with 3 clicks, in case it turns dangerous for them.
     
    #2 demo, Aug 12, 2017
    Last edited: Aug 12, 2017
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  3. maxp

    maxp New Member

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    Not sure what you mean by wanting to be able to shut down the dash network like that, I'll assume it's sarcasm. Anyhow, this wouldn't actually require the modification of the technology behind masternodes to change. With a separate system, it'd basically be a group buy for a masternode. Additionally, each group-funded masternode could hold independent polls of its shareholders, determining the alignment of its singular vote. The only problem I've yet to consider is the hosting of the masternode - I don't know how one could set up a hosting solution for a single masternode in a way that is decentralized/trustless.
     
  4. demo

    demo Active Member

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    Its is not sarcasm. The masternodes are 10000 at max, and they are all static IPV4 IPs, so they can easily shut them down.
     
    #4 demo, Aug 12, 2017
    Last edited: Aug 12, 2017
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  5. Tallyho

    Tallyho Member

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  6. demo

    demo Active Member

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  7. Tallyho

    Tallyho Member

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    No, but I think it answers the question the OP was really asking :)
     
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  8. demo

    demo Active Member

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    Thats true. Some people ask wrong questions, or questions that have been already answered.
    Someone should inform them about it, and point them to the right questions.
     
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  9. solarguy

    solarguy Member

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    There is some optimal number (really, a range of numbers) of Masternodes to support the network. Less than that is not optimal to process transactions promptly and securely. More than that is not optimal, because eventually all the Dash becomes unavailable, since it's stashed in the Masternodes.

    Thoughtfully, our Devs have considered this issue and made provision to increase or decrease the incentives for Masternodes to keep the number in the optimum range.
     
  10. Macrochip

    Macrochip Active Member
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    First off: Ignore everything "demo" says. He's the resident doofus in here and hardly provides useful input. He doesn't own a Masternode but thinks he knows exactly how Dash should be run. Attention-whore, really. Don't give him the time of day (except tagging his posts as "Trolling" of course :D).

    Now on-topic:
    This has all been taken care of already in the roadmap. In Evolution you gain proportional voting rights to your locked up savings. "Locked up" because otherwise it would enable "Hit and Run" voting that could badly damage the network. Example: Whale buys tons of Dash, votes in terrible proposal and sells all Dash as damage is done now.

    Additionally the locked up savings will serve as interest bearing accounts that are powered by trustlessly pooled Masternodes.

    So by creating a savings account in Dash Evolution you earn interest and get to vote, no matter if you're a big or small investor.

    Last but not least: Dash scales with network demand for capacity. Not with user demand for wealth.
     
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  11. demo

    demo Active Member

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    First off: I dont own a masternode because I dont care about richness. I am paid in faith, not in money. I owe a lot to my master and I have to repay him in order to set me free.

    Now on-topic: You should incentivize and give voting rights to the people who do a lot of transactions, and not to the people who lock their Dash. You should incentivize those who consider dash as a medium of exchange (which is one of the main properties of the real money) and not those who consider dash as a store of value or as a collectible item. Dash is money, it is not a diamond, or gold, or a rare stamp you put it in a safe-locker. Those who lock their dash should lose their voting rights.

    Elementary, my dear Macroship. Use your little brown cells...
     
    #11 demo, Aug 13, 2017
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  12. Macrochip

    Macrochip Active Member
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    Why demo, this is a brilliant idea!!... If your objective is to destroy Dash, that is.

    Sure, let's give the biggest vote to the spammer that is able to send the most transactions. He most likely doesn't have any bad intentions, right?

    Unsavory, my dear demo. Stop abusing your little mind...

    And just for reference: Your flaw in logic doesn't end there: Saving money and spending it aren't mutually exclusive things, that's why there's multiple units of it. Maybe you spend everything you get the second you get it (which would explain why you don't own a Masternode), I don't know? But I assure you most of the people are wiser than that.
     
    #12 Macrochip, Aug 13, 2017
    Last edited: Aug 13, 2017
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  13. maxp

    maxp New Member

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    Anyway, trustless masternode shares with proportional voting rights are exactly what I was talking about, just worded more succinctly. Glad to hear it's already being worked on.
     
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  14. demo

    demo Active Member

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    You forgot a critical piece of the whole puzzle. The proof of individuality.
    Dash should first implement a proof of individuality, then give voting rights to the anonymous individuals who do a lot of transactions.
    That way you can spot the spammers, distinguish the real transactions (which are made for real commodities and services in the real economy) from the spam and virtual transactions and help Dash to become a real digital crypto cash.
    And thus escape from the fate of the pathetic collectible item you have deliberately designed for it to be, in fear that the digital cryptocash will substitute the money of the world monetary system.
     
    #14 demo, Aug 14, 2017 at 8:09 AM
    Last edited: Aug 14, 2017 at 8:39 AM
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  15. solarguy

    solarguy Member

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    I can also imagine certain economic models where you put 1,000 Dash into a specific address to get your Masternode, but it could still participate in the economy. It would be sort of like a home equity loan.
    This sounds suspiciously like a centralized very powerful auditor (or tiny group) who have power over the Masternodes. That is not a trustless system at all. And then we would have to have an appeal system, which is another layer that has to be trusted and is subject to corruption.

    No thank you.
     
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  16. demo

    demo Active Member

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    The proof of individuality system I proposed is a decentralized and anonymous system.
    Please redirect your rational arguments (and not your suspicions) against it in the appropriate thread, and I will answer to you.

    You logic is reversed and perverse. The masternodes system, as it is designed today, it is a centralized tiny group who have immense power over the Digital cash community. MNOs system is a flawed system, The proof of individuality will set the Dash community free from the dictatorship of the stupids and spies, who bought masternodes in order to control Dash.

    Please redirect your suspicions to them, and not to me.
     
    #16 demo, Aug 14, 2017 at 5:32 PM
    Last edited: Aug 15, 2017 at 3:00 PM
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  17. demo

    demo Active Member

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    And by the way, have a look of what NEM is doing in their proof of importance algorithm. The proof of importance depends on the transactions someone mades.

    In NEM, they associated voting rights with proof of importance, and POI with transactions, and have a look now at their coinmarketcap graph!
    In NEM, with their POI algorithm, they are trying to escape from the pathetic collectible item fate.

    The key difference between NEM and my proposal (summarized in the below suggestion)
    In NEM, in case you want to propose in "NEM Community Fund", they ask for your Real identity. While in a proof of individuality scheme, no need to identify yourself. Your privacy is protected.
     
    #17 demo, Aug 16, 2017 at 2:31 PM
    Last edited: Aug 16, 2017 at 3:09 PM
  18. noisesauce

    noisesauce New Member

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    Looking forward to trustless masternode shares - anyone able to help me understand which specific part of the road-map refers to this feature?
     
  19. camosoul

    camosoul Well-known Member

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    This. DASH; the first crypto that isn't ponzi bullshit.
     
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  20. Tallyho

    Tallyho Member

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  21. noisesauce

    noisesauce New Member

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  22. Tallyho

    Tallyho Member

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    Yes, no date on it yet. But it will come!:)
     
  23. demo

    demo Active Member

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    Dash's wealth is stable. Its max coins is fixed number. Dash does not scale with network demand for capacity, the 10000 max masternodes is a fixed number.

    The important thing is not the network capacity.

    Dash should scale according to the attack of the governments. The more the attack, the more masternodes should exist, in order to avoid of being shut down by the government. So having 10000 max masternodes and 1000 collateral fee, and static IPs, it is wrong.

    Dash should start planning its defence. And its defence is closely related to the maximum number of masternodes.
     
    #23 demo, Aug 19, 2017 at 10:14 AM
    Last edited: Aug 19, 2017 at 10:34 AM
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  24. Macrochip

    Macrochip Active Member
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    Luckily you don't get to decide jack. Your flawed ideas coupled with your monumental ignorance on the facts cause allergic reactions. The MN count isn't fixed and scaling entails more than just increasing that count. Your 9,000 Raspberry Pi network might be double the size but has only a fraction of the capacity of Dash. You don't understand scaling and you don't understand Dash. Just leave already.
     
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  25. demo

    demo Active Member

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    Do you understand scaling? Do you understand Dash? If yes, could you please explain it to us?
     
  26. Macrochip

    Macrochip Active Member
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    Yes, yes and yes. I wrote this 2 months before Evan published this and this.
     
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  27. demo

    demo Active Member

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    The internet of things requires small light hardware, and many many connections.
    It requires a mesh network, and smart routing protocols and that way it increases the bandwidth exponentially.
    Big hardware and a few big bandwidth connections among them, is the pathetic past.
    It is not only the past, it is also the requirements of the spies, in order to be able to control.

    https:[email protected]/how-iota-makes-future-for-internet-of-things-af14fd77d2a3
    https://www.reddit.com/r/Iota/comments/6hln28/can_someone_tell_me_some_bad_things_about_iota/
     
    #27 demo, Aug 19, 2017 at 11:02 PM
    Last edited: Aug 19, 2017 at 11:10 PM
  28. Macrochip

    Macrochip Active Member
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    Then by all means, leave Dash for good and join that unproven technology that has nothing to do with easy P2P payments between real people, instead of shilling for it here. The way that project has been shamelessly overhyped I smell another DAOsaster coming anyway, so I'd think you're a perfect fit.
     
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  29. demo

    demo Active Member

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    There is no perfect coin nowdays. There is governance in dash, so whoever stays he hopes he will convince the community towards his personal beliefs.

    IMO the coin of the future should have lightweight hardware and unlimited micro-masternodes which connect eachother outside the internet using a private p2p physical layer (like the internet of things). The micro masternodes implement routing through a mesh network and not through the nowdays BGP network (which is always controled by the state despite TOR or whatever else). And some of these micro-masternodes are randomly seleced and used as gateways to the internet, but in a dynamic way which depends on the attack it is made. The mesh p2p topology and the lighweight micro hardware gives unlimited bandwidth, unlimited scalability and the most important, it turns imposible for a government to shut the cryptocoin down.
     
    #29 demo, Aug 20, 2017 at 9:18 AM
    Last edited: Aug 20, 2017 at 9:40 AM

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