Quote from: rowenta01 on July 20, 2018, 08:49:28 AM

Sorry, but i dont care about your opinion.

If many crypto coins have chosen 1000 as collateral for 1 masternode, it's not for nothing.

If 600 masternodes in the world is enough for the team, that's their opinion.
It's not mine.

For a total supply like Phore will have, it would be more reasonable to encourage the development of a larger number of masternode. Like Dash / Zcoin (3500/4500), or even better Zencash (10000+).

The more masternode there is, the stronger the network. The proof of stake simple is not as secure as a high number of masternode, it is obvious. And these are the masternodes that allow to have fast and secure transactions.

In short you defend Phore, I can understand it, but try to have an objective opinion.

A few points here:

1. One of the primary functions of masternodes for Phore, and I think for most masternode coins at this point, is community governance. The 10,000 PHR collateral, similar to the concept of proof of stake in general, is to make sure that the decisions masternode owners make are in the best interest of developing Phore. If we had a very low collateral, it might be very inexpensive for someone to be malicious about things, buying masternodes and for example casting no votes to the core team budget to prevent it from passing, just as at attack on the network. This is not feasible with the cost of the masternode being high, since you have such a large investment and would end up taking a large loss yourself by doing that.

You could very much consider a masternode owner as a decentralized member of the Phore board of directors, with one vote per masternode owned. I think there is an argument to be made that it should be expensive to have that voting power, and as the market cap of Phore increases, so should the collateral that goes with the responsibility of making those decisions.

In summary, higher collateral protects the Phore network.

2. At the outset of Phore, the price of Phore was miniscule compared to what it is now. When I first purchased Phore I think I paid in the neighborhood of 3000 satoshis, and a masternode cost about $3,000. Now it is many times that. Could we consider lowering the collateral amount? Certainly. We are a community governed project and the community could vote at any time to do this if we thought it best.

3. I am a bit puzzled at your argument that more masternodes bring more security than more decentralized proof of stake. Do you understand what masternodes actually do? In some cases they handle things like SwiftTX for "instant" transactions, and for that I might agree with you that more decentralized masternodes provide greater security for those types of transactions. However apart from SwitfTX, technically speaking, masternodes for the majority of projects validate transactions and blocks like any node, but they do NOT stake and therefore do not decide what the next best block should be, other than rejecting invalid transactions or blocks as any node would, and in this sense they do less than staking nodes since they do not stake themselves and therefore are not in competition for deciding what the next block looks like. From a network security standpoint, we would be much more secure by doubling the staking nodes and coins being staked than we would by doubling the masternode count.

4. Phore is developing Synapse Masternodes which will dramatically change the function of masternodes in the Phore network in a completely different way than any other masternode project, helping to secure our smart contracts sidechain. We are still designing aspects of this including the crypto economics of it, and I think it is quite possible that we could be changing the collateral structure or even adding a separate tier of masternodes for Synapse Masternodes. I am not prepared to release a lot of details publicly about Synapse masternodes yet, but given their role with smart contracts, I would at least be able to say that we will need a certain level of processor / storage / bandwidth / memory capacity as smart contracts scale for Phore, and we will be designing the structure to account for these needs.