If the MN requirement is above 10,000, that's going to put away a lot of people. IMO it should be either 5000 or 10000.
I agree with this. I think it's good for us to have a low barrier of entry for a masternode so that we can attract more investors. More masternodes more robust the community will become.
Yes I share the same opinion.
I'm thinking 25-50k for MN. 100k do seem slightly to the high side, considering the money supply.
But setting the barrier too low, can/should scare some investors away too. The lower the barrier, the more masternodes, the less profit for running a MN. And if there's no profit in running a MN, they will be shut down quickly again, and thus not help the network.
Take CHC as an example. CHC is now up to 2200 MN, meaning there's 60 hours between payouts. And this is with just ~14% of the money supply locked in.
This is more important with a PoS coin, as the MN reward on average should be higher than staking. So with too many MN, the reward for staking could be more profitable, and it's a hard sell to convince many to lock in their coins and make less profit.
CRM is in this situation now. Even though there aren't all that many MN yet, profitability between MN and staking is already quite close. Partly because MN are "only" rewarded 20% of stakes, and they're still in PoW+PoS phase.
Just my 0.02 PIE
edit, quote fix.