i would like to set up a mosternode too. i almost started. but then i read that you need 1000 dash. we do you need 1000 dash to have a masternode? can somebody explain this to me in plain english. thank you.
The 1000 Dash is collateral for running a full node and is intended as a way to attract longterm investors. Masternode owners will be motivated to look after their own interest
(which is basicly a good functioning and growing network that will provide them with a steady stream of masternode rewards for providing services to the network).
If you can not afford the 1000 Dash you can always check the hosting service providers here :
https://dashpay.atlassian.net/wiki/pages/viewpage.action?pageId=1867885Dash Evolution in time will also bring decentralized masternode shares -->
https://www.youtube.com/watch?v=N7T-a2xm5c0&index=7&t=254s&list=PLiFMZOlhgsYJPIiG0bjT1_SuT5h7NqPCC(something to think about for later on)
thanks for the answer. and yes i can't afford 1000 dash at the current price..... so i have to find an other coin to play with.