Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
xkcdd
on 23/11/2020, 10:14:46 UTC

Do you have a position on trustless shared masternodes? This should increase the number of masternodes and therefore decrease the rewards any one masternode owner gets. I would assume that is something that you would have to back, right?

I'm not really a fan of trustless shared nodes. It basically means that any amount of Dash can be staked plus you're going to have collateral fragments coming and going all the time, so getting the node to stay up needs some kind of time lock on funds which means they're no longer instantly liquid like they are now. A nightmare for the protocol to manage plus it has to work out where the rewards go etc.

Trusted is better. I think this kind of pooled investment should be pushed into the financial services commercial sector where it belongs and can be properly administered according to the requirements of the local market and regulators, not in the protocol.


Finally something we agree on!  That minnows can risk small amounts of cash with established third parties, eg crowdnode.io and for a more substantial investment we have the trustless deterministic masternodes, currently selling for $94K USD (hurry up and grab one before you miss out!).

I do disagree with you on the time_lock feature, it is already part of the protocol and has no added overhead, but it could help DASH improve as a store of value if we were to reward mnodes that time_lock over those that remain oncall.  The idea comes from the ground breaking HEX token which has superior tokenomics to DASH in almost every way.

List a few for starters.

  • 100% staked, no miner ransom paid whatsoever!
  • Inflation rate (StockToFlow) of maximum 3.69%pa
  • Entire inflation paid to stakers, by the following schedule, longer stakes get more, larger stakes get more, earlier stakes get more
  • Penalties for early stake termination get distributed to remaining good acting stakers
  • Almost 400 billion tokens in circulation solving the unit bias issue, I have a million HEX, though each is worth less than a penny, I feel tremendously wealthy

The list is by no means exhaustive, but it goes a long way to show how POW does not create value in the coin, but rather the coin's features do, it's community does, marketing does and the sentiment on the coin itself does add the value.