Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
I thought the problem with darkcoin is the centralization of masternodes. It costs 1000DRK to run a masternode. With darkcoin at at $10 thats $10,000 required to run a masternode. It's currently at an even higher price than that! If it reaches $100 then that will be $100,000 to run a masternode. Impossible for almost everyone, resulting in centralised mixing services at severely reduced (or completely broken) anonymity. Anyone care to explain why I'm wrong?
you are
as all the MN holder now will not sell only because the price goes up, as parallel the MN payouts (in US$) rise as well.
Imagine you have 10 MN's, Dash price is 100 US$, you will receive
0.7 Dash per Day x 10 Mn's = 700 US$ per day !! (21.000 US$ per Month)
(Woop Woop)
so where is the centralisation again ?
Also, 2600+ full nodes that are paid for doing work, PLUS the miners is hardly centralized. Bitcoin has been loosing full nodes, and since their market cap is 230 times that of DASH, with only roughly 6000 full nodes, and falling, DASH's network is extremely strong.
If there ever should come a need for more nodes, the collateral could simply be halved and we'd immediately double the nodes running. However, the developers have decided that 3000 masternodes would be the best number for the network as it's not too many that would flood the system; overwhelming it with chatter and yet plenty to service the network with enough variety to keep it decentralized and unbreakable.
Currently people only run bitcoin nodes as an act of good will, but these incentive-driven nodes will offer an actual reason to do it. Plus, the reward for running a node increases if fewer people are participating. It will be cool to see how the network grows to accommodate this.
The other part of the equation, simply stated is that there will be several master nodes and pools created for each transaction group, so that the probability of knowing where the funds came from and where they are going is so minimal, it's essentially impossible for any node to figure out.