Quote from: 8-bit-Party on November 22, 2017, 05:39:48 PM

Quote from: robert3harrison on November 22, 2017, 03:59:31 PM

Quote from: 8-bit-Party on November 22, 2017, 01:04:22 PM

Quote from: r8st on November 21, 2017, 10:18:07 PM

I've rethunked my initial statement about the new mns requiring more 8bit to run than 112 (which is current amount). I have to say I kind of dig having a lot of mns running at once it makes things interesting... how many will each mn require in new release? If it goes up to 1000 or something I only can run 1 :-S also, Will new 8bitd require 500 mb RAM still :-) ? That would be cool because I'm overflowing with it at this point.

This is still open question (current proposal of collateral is 1024 coins). There are two concurrent objectives:
- security: cheap masternode means people will not stake what introduces a security issue for the network
- fair distribution: expensive masternodes means only small group of people will collect great rewards

However, it can be also balanced using block reward and MN/stake reward ratio (block reward - current proposal 1 coin [current value: 1.2], MN reward - 0.80 [current value: 0.88]). As we can see, inflation will be slightly reduced, though MN will be still much more profitable than staking. This effect is currently mitigated because of no MN payment enforcement, however, with a new code base those payments will be enforced and MN profitability will be stunning. What is not cool from network security perspective. Therefore - I keep this topic open and and I am looking forward for your (not only r8st) feedback.

I do like the idea of 1024 coins for a masternode... puts us on par with some of the bigger coins. I am a bit confused though... right now, mn requires 112 coins and I get mn rewards of .88 coins. If the mn increases to 1024 coins, are you saying that i'd just receive .8 coins? Wouldn't this go up with the increase in mn required coins? Now, i'd be able to run about 9 mn's, which means .88 * 9 = 7.92 coins. Am I missing something (probably am)?

8BIT supply is fixed, every block X coins is minted (though we will introduce a halving and a cap to make the coin deflationary). With the MN worth 112 coins there are 300+ MNs, when we will bump the collateral to 1000, then number of all masternodes will be 9x smaller, therefore your income will stay unchanged. This is simplification though, since not all MN owners run 9+ MNs, therefore either they will spend more 8BITs to run one MN or they will be forced to switch into staking (what is good from the network security point of view and bad from new coin allocation & MN services distribution perspectives).

TL;DR: if you own 9+ masternodes now, you will have one masternode after the fork while your income will stay the same.

Note that this explanation covers MN collateral only, it does not take MN reward change into account. Neither it takes extra income from those who had "cheap" <9 masternodes and will give up collection of more coins to run a single "expensive" masternode.

Ok, that makes sense. Thanks for the explanation.