I'm not seeing any advantage to having a dynamic MN collateral requirement.
I can tell you right now what will happen: the biggest holders will monoplise the MN 'allowance' and lock everyone else out.
Plus it adds code overhead to monitor and enforce the whole thing.
Just call it 1000SPR and have done with it, let market forces sort the rest out without things being weighted massively in favour of whoever holds the most SPR, which is all that a dynamic requirement is going to achieve.
A 1000SPR collateral would give a maximum theoretical number right now of 1500 MNs, which we know from DRK is not too many.
If decentralisation is the goal, implement some code to reject new MN's from certain IP ranges beyond a set % to prevent 75% of people just using Amazon, Vultr, OVH... or even better, come up with a way of allowing MNs to have dynamic IPs so people can run them on their home connections too.
If the max amount of MN was set to 2000? One person holding 5 MILLION SPR! could only fund 3000 MN with 2500 SPR, very weak in my opinion. This guy would be bitch slapped about all day long.
I understood the individual words, but put together... not so much. I have no idea what you are talking about. :p
"the biggest holders will monoplise the MN 'allowance' and lock everyone else out."
Say MrSpread set's the max amount of MN's to 3000.
A big holder with 5 million spr can only fund 3000 MN's with 2500SPR. This makes his "monopoly" on the MN network weak and the majority of his MN's WILL be kicked from the list, allowing others to participate (decentralization).
Any help?
There are only 1.5 million SPR right now. (And 3000 * 2500 = 7500000, but that's beside the point.)
A dynamic collateral requirement just limits the number of people who can potentially run a MN. With a fixed requirement, those who wish to earn more can do so by setting up another MN, without limiting the ability of anyone else to do so.
This will lead to awful centralisation, I guarantee it.
How can you centralize 3000 MN's? You are right about my calculations but solidify's my argument. With 5 million spr you can only fund 3000 MN's with 1666 SPR, making your monopoly even weaker than i thought.
If the coin become's centralized it will lose value and become less profitable for the "monopoly" rendering it financially nonviable.