Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SPR] SpreadCoin | True Decentralization (No Pools)
by
georgem
on 08/01/2015, 23:44:08 UTC
Yes it favours the rich, because my DRK MNs can't be bought out from underneath me.

Yes, but only if you are the weakest link, which is your own responsibility NOT TO BE, if you want to run a secure MN place.

Also, it's not like you "lose your MN". You keep your SPR, you keep your server. It's just that your MN is temporarily excluded from the "club".

You can try again with +1 SPR sir, or you can monitor the DM Spread and reenter when the MARKET PRICE for a DM is more in your favour.

We haven't even scratched the surface here of what will be possible and how people will react.

With dynamic pricing my SPR MNs could be, repeatedly, by anyone with a few SPR more than me, so I may not even bother to begin with.

Your inaction (running an MN with an irresponsibly low amount of SPR) is met with the action / initiative of a newcomer who is willing to overbid you (he acts MORE responsible than you).
It is always good for the market and any distributed system when the ACTIVE people (who show initiative and responsibility) are REWARDED, and the INACTIVE people are PUNISHED.
It's as simple as that.

At least with DRK you can pool together with others and own a MN share. Nobody is going to go to the trouble though with SPR if it can be taken away by the next passing whale with deeper pockets than you and your partners.

You can "pool together" with everybody regardless what the underlying coin is. But is this a decentralized trustless action? No, in the contrary. Many things can go wrong, and the incentive for bad players to abuse any "pool" like agreement is here.

You will not be taken away by a whale. The amount of allowed SPR MNs will be very high, certainly in the thousands.
We will have something between 1000 and 10k Masternodes in Spreadcoin, that's for sure. Not less and probably not more.
A whale can't possibly own all the coins to kick out all the other MN owners.

Sure, he can probably kick out the MNs in the lower 50-100 ranks, but how is he going to kick out the MN owners in the middle or upper part of the spread?
(As an example let's assume a spread of SPR deposits between 500 SPR and 10k SPR per Masternode: yes the whale can kick the owner of a 500-600 SPR MN out, but not all the SPR in the world are going to kick the guy with the 10k SPR out of the club.
YES, he might kick the 10k SPR guy from rank 950 to rank 550, but he will still be safe! That's the point.)