Anonymous Dude
Member
Nothing.
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Nothing.
- Thread starter Anonymous Dude
- Start date
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 !
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.
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
Well-known member
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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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?
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?
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
Well-known member
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
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
Well-known member
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?
M
MangledBlue
Guest
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
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
Well-known member
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
Well-known member
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.
That why we shouldn't reduce the requirements for a masternode, unless we need more masternodes.
demo
Well-known member
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
Well-known member
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.
demo
Well-known member
Can you name those "many services" of Evolution that use the masternode network?
I am waiting for your answer...
https://www.dash.org/evolution/
Why? Why you are such a liar?
And why people like the liars?
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bhkien
Well-known member
Can you name those "many services" of Evolution that use the masternode network?
I am waiting for your answer...
https://www.dash.org/evolution/
Why? Why you are such a liar?
And why people like the liars?
If you can't wait why you are still here? You had better come to Monero's or others'.
demo
Well-known member
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.)
Anonymous Dude
Member
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.