Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW and Darksend | Instant TX
a nightmare for everybody else.
How?
The purpose of the coin is to be used as a currency. Explain your nightmare situation or how this proposal interferes with the purpose of this coin.
I think the problem of centralization and consolidation is much higher with masternodes than with miners.
Show me numbers.
Three big mining pools colluding can fork the DRK blockchain. How many MN ops would be needed to pervert the network? A much higher percentage, that's how the MN system was designed, you need far more than 51% to cause problems.
Top 100 wallets buy 4 times the masternodes that are now in existence. Top 10 wallets buy 1.5 times the masternodes that are now in existence. And contrary to miners it would just take them an evening to set everything up and mess with the system and a few seconds to disappear again.
You cannot buy enough Masternodes to have a realistic chance of subverting the network. There aren't enough DRK in existence.
And you can switch where your mining farm is pointed about 1000x times faster than you can set up a thousand Mastetnodes.
Exactly. There is no reason that a network supported by masternodes would be less secure than POW. Masternodes are already more decentralized than POW block finders, and if a change away from POW were to happen, there would be a multitude more masternodes added to the network because of the added profitability of owning one, even further increasing the level of decentralization.
Full disclosure, I am a miner AND masternode operator. I would continue to mine other coins in order to buy more masternodes
