Re: [ANN][SPR] SpreadCoin | True Decentralization (No Pools)

Amount for running masternode hasn't been set yet. It depends on how many masternodes we want which is not yet clear. The more is better for decentralization, on the other hand we need not to bloat the network with masternode related messages. Instead of setting the required amount it may be better to set the maximum number of masternodes and minimum required amount. Once the number of masternodes will reach the maximum only masternodes with maximum deposits will remain and others will be automatically delisted.

So if I understand this idea you're saying "No required amount of SPR is needed, put whatever SPR you believe should be enough to run a masternode into your masternode" and then when we are at what appears to be a maximum amount of masternodes you then 'draw the line' for required SPR and then everyone who has more than that amount in their masternode will need to remove their SPR to go down to that requirement and everyone who is short of that amount will need to increase their SPR to meet it?

Sort of like a market-created masternode requirement based on what is technically needed and what the market players are willing to pay.
If I'm anywhere near what you mean, I like it.
JL

This is not like there are some distinct phases: first everyone sends money, then we select masternodes. No, it is a continuous process, you look at what amounts current masternodes have, you see that the top masternode has 1500 SPR and the bottom one has only 1200 SPR, you put, say, 1300 SPR to your masternode, you will be added to the list of masternodes, the bottom masternode will be excluded and others will be unaffected.

YES YES YES!

Wouldn't the price of having a masternode keep going up then?

No, it would fluctuate according to what the market dictates. And the market would take into account countless variables. As Jesse Livermore stated, a limitation of the Darkcoin masternodes system is the arbitrary 1000 DRK requirement. Now, that's what most of us Darkcoiners suggested as the amount since we're used to it. But Mr. Spread, being the genius he is, thought outside the box, and realized it's always best to let the market decide.

Brilliance.

The current price of this coin (.00043) tells me most people have no idea just how brilliant this is and what it's going to cause. I suspect as people ponder it and word Spreads, that this will change in the next 48 hours...

I was so tempted to snap up those 25000 coins but I realize I need to let others get a fair share at this level for better distribution. I'm glad someone got them before I got too tempted. I can only control myself for so long