Quote from: bitcoinexplorer on November 24, 2017, 02:41:20 AM

Quote from: canonical on November 23, 2017, 08:46:57 PM

Quote from: rewse on November 23, 2017, 12:47:20 PM

Quote from: bitcoinexplorer on November 23, 2017, 11:17:27 AM

Quote from: teamswipp on November 22, 2017, 08:09:33 PM

We will not change the reward structure - we feel that the miner/staker doing the actual work should get a majority of the return.
Yours, team swipp

Don't change the reward but explain this.

Miner = the one who mines , deserves the reward - good
Staker = just keeps money in wallet and stake- gets interest
Masternode = Run a VPS and also submit a collateral as security ensuring that it keep running the VPS to serve as a node to service the network. = How come its not doing the actual work?

I really need to understand this, so please explain.

And as always, looking forward to witness swipp become a big coin and get listed on a new exchange asap.
Thanks.

It's a strange situation. I think that masternodes is more important part of network then proofing mechanism. At least both equal and must get comparable rewards.

+1. I also think it's strange that masternodes are getting a minority of the PoS reward. Running a masternode is a level of dedication above that of staking. What is the incentive and benefit then of locking up your 30k of coins?

Since no one is using SWP as a means of transferring value, it makes sense that miners get a bigger reward than masternode holders, but having masternode holders below stakers is strange.

I suggest that masternodes owner should have ability to accept or filter PoS blocks, personally i won't prefer getting PoS blocks because i don't want to take interest.

From my point of view i am ok with providing collateral of 30K coins without any interest to run the masternode

Hello. As you know, filtering is on the todo list.

Regardless of the way you consider it, PoS or PoW blocks, the masternodes are not the ones that "find" the blocks. Masternodes are just network nodes guranateed to be online. Also, PoS reward t is very minor compared to what masternodes will get from PoW blocks. Our plan is actually to add better/more ways for masternodes to get paid via services that they will offer wallets. We will announce more info on this eventually. We have a few interesting ideas. When wallets use these services, the masternodes will receive a small percentage.

I might as well share some of the things we had on the discussion table with services that masternodes may offer,

1. Completely anonymous transactions with hidden amounts. Masternodes collaborate and anonymize the transactions, getting a share of the fee paid for the service. This is not darksend, but rather an idea where the funds get temporarily "burnt" and placed in an encrypted block - then later re-introduced by consensus between the masternodes. Question is, can it be implemented in an elegant and secure way without breaking the block chain ?

2. Bounty system managed by masternodes. This would make bounties completely decentralized and managed by masternodes instead of centraly. Masternode owners create bounties which are shared between all masternodes on the network. The masternodes then build consensus and manage amounts for the bounties - also requiring consensus to unlock them and send out payments for completed bounties.

3. Bitcoin / Swipp exchange service. Where each masternode can offer different exchange rates, competing with the other nodes when exchanging currency back and forth. Theoretically, it would even be possible to offer multiple currencies, with Swipp as a base currency. This will require each masternode to hold copies of blockchains from several currencies.

Now, these are ideas with a lot of things to figure out still. They are planned down the road. Some may be implemented, some may not. Once we have worked out more details and made a proper plan, it will be announced on the roadmap. Community feedback is also welcome - that way you can steer us in a certain direction.

Yours, team swipp