This project looks really promising. But I have few questions. How important those masternodes are for the network? I feel that 10k phore might be to high price for masternode. Right now it works perfectly, but if this hits mainstream and coin cap rises to 1-3B. Then those masternodes are worth millions. This could be huge problem. First most average joes probably start to sell their masternodes. Million would be life changing for most people and keeping that amount in one coin might feel too risky. Also there are hackers and other problems that might make people to sell. Secondly new masternodes would be way too expensive to buy, so no new masternodes, unless price dumps a lot.
My other concern is that high masternode price could also make a price cap to this coin. Like even if the coin rises to 10$ (that would be 100k masternode) It might already make snowball effect where most master nodes would melt to the market. dumpin coin back down. If you did buy masternode for 5k then 100k might feel really tempting. Also low masternode count could start to centralize the network which could be a problem.
I feel this is my only big concern about this coin.. Low coin supply and high masternode price could lead only handful of masternodes in long run.
If you look at DMD Diamond, they also have 10k masternodes, and 1 DMD is currently around $18. Yes, this is very expensive and too much for many people, but there are shared masternodes available (same as PHR), and there is also normal POS staking.
Also, the fewer masternodes exist, the higher the reward per masternode. This means ROI will always be high for masternode holders, and should lead to a good balance between masternodes and normal POS minting.
True, but I feel low masternode count could be an issue for
privacy coin? It's true that when there are low number of masternodes then the rewards are better. However when to get those rewards would need milloins of dollars at risk it would be an issue itself. Even if the ROI could be really good the problem would be that very few people even have that kind of capital to invest in first place. Secondly are those who have that kind of capital, ready to invest that kind of money in long run into one coin? Year at crypto world is really long time.
I'm not familiar to shared masternodes.. Do you need to give your capital to 3rd party to participate? Isn't that huge risk? How do you know they don't just disappear after a year? If dev's could code shared masternode options into the walled then it's obliviously different story. If you could just lend your coins to masternode owner (who can't access or withdraw those coins and coins are there only to activate the masternode) it might work out.