Quote from: toknormal on January 25, 2021, 10:33:18 PM

Quote from: jdmcg on January 25, 2021, 07:57:58 PM

Ok, let me state it more plainly then. If you changed the reward ratio from 60/40 to 20/80 (or 8/92 - the sweet spot?), which masternode owners do you suppose would not dump their coins within the hour of finding out? What would that massive influx of supply do to the price?

None of them would if they had any sense. Clearly that's the whole point of making this argument - that it's in their interests to support this. You're over-focused on the reward. Masternodes are far more exposed to capital losses (or opportunity costs through diminishing competitivity) than they are to small changes in reward because they have 1000 Dash at stake.

What would be the difference ? We'd be going from 1.3 Dash per week (45% reward share) to around 8% (0.23 Dash per week). So you'd be making 1 Dash per month for running a node.

Now that is far more realistic at high valuations. It's also far more realistic given the operating costs that nodes incur. It also highly incentivises the investment in nodes because the operating profit margin of a masternode (unlike with BTC/LTC or even Dash miners) increases with increasing Dash price, but the real objective is not increased reward anyway. It's capital gain of the holding (and therefore EVERY Dash holding, not just masternodes).

At the moment, everybody is paying for masternode rewards. Not only masternodes themselves (through relative capital loss compared to fully mined coins) but also other holders who don't receive any reward. If you really think all this is worth it just to sustain the illusion of a numerically consistent but otherwise diminishing reward, then I don't think you understand your own investment well enough.

Ok, well, first, thank you for the change in tone. I think your message comes across a lot clearly once the noise is removed.

I'm still skeptical that the current masternode owners would want to host masternodes at such a reduced reward in DASH. So there's risk that many would dump simply because this is not what they originally signed up for. I would entertain the thought of going as low as 30/70 for the reward ratio and then see how the network reacts before re-evaluating to see if any further adjustment were needed.

I understand what you say about mining and I'm aware of a couple of studies which seem to indicate that mining does have an upward pressure on price. But if it's such a great idea, why aren't any of the newer blockchains choosing POW? Is there only so much room for POW chains? Or are there actually better ways for a blockchain to work now. Mining still seems like busy work to me to help spur adoption for Bitcoin when no one really understood its value. Once people get onboard and discover the power it offers, perhaps mining fades in its importance.

And then there's Dash Platform which could completely change the economics of DASH. If it adds enough utility and attracts enough new users, it could make the reward ratio irrelevant as demand outstrips supply anyway.

Anyways I think your biggest problem is that you need to get the support of the majority of masternode owners for this. The only 2 here that have been vocal might not even have masternodes to vote with anymore.