Re: [ANN][SPR] SpreadCoin | True Decentralization (No Pools)
How can you centralize 3000 MN's?
Because a comparatively few people will end up running all of them. You'll have a situation as bad as a handful of people controlling other PoW coins' hashrate via their centralised pools.For a few people to control this network we are talking hundred's of thousands of spr(with current supply), and in years to come million's.
Utoh on darkcoin thread has over 100 MN's 100,000 DRK! And he still is only 1/16th of the entire DRK MN network.
It's unrealistic for a small group to have enough coins between them to build a monopoly, as shown above.
It all comes down to how many MN's MrSpread set's as the maximum.
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.
I still have no idea what your point is here, sorry. 
And Mr Spread was talking about a hard limit on the max number anyway.I will keep trying.
MrSpread sets the maximum amount of MN's to 3000.
So there are 3000 available slots on the MN network.
Me and 5 other people own 40% of the current supply 600,000SPR.
We try to gain 50% of the MN network with our 600,000SPR and find out we can only fund 1500 MN's with 400SPR.
I understand your points, but you must understand that to gain a monopoly over this system is to own over 50% of the currency, which is ridicules.
Would love to hear MrSpread's opinions on this matter.
That was clearer, thank you, but I still think a dynamic requirement is a bad idea and offers no advantages over a fixed requirement, only disadvantages.
There are 5 people that I know for certain have over 100 Darkcoin Masternodes each. That's a minor issue though because of the n-of-m subsetting that Masternodes operate on.
The real problem with dymanic pricing is that a richer party can always drive out a poorer party. However unlikely you think this might be it shouldn't be a possibility at all as it will inevitably lead to centralisation in the hands of a few. The whole of human history shows us that this is what always happens.
With fixed MN price I will always have my MNs. Nobody can buy them out from under me. With dynamic pricing I could lose them at any time to someone with more resources, and I would have to be constantly spending time and money to recover my position.
I can set up a Masternode as quickly as anyone on Earth, I have it all scripted, it's easy, but it takes time. After a while, after having been repeatedly outbid, I'm just not going to bother any more, I'm going to say fuck it and lose interest, while the richer folk proceed to monopolise the whole show.
Dynamic pricing favours the rich few at the expense of everyone else and consequently diminishes decentralisation.
Wait wait, your saying dynamic is for the rich but static is not?
Imagine this
Darkcoins MarketCap = $9,000,000,000. The cost of a DRk MN at this marketcap? around $340,000... Hey, poor people see you can just set a DRK MN up with your $340,000.
But you say SPR's method "favers the rich".
Edit: By the way, I'm pulling the dollar figures out my backside, but are not far off.