Quote from: NoxX on December 18, 2017, 11:14:16 AM

Quote from: Wigi on December 18, 2017, 11:06:52 AM

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.

Just checked DMD diamond and that coin doesn't look healthy at all. 24h trade is only 160k which is below 10k coins. So 24h trade is less than one masternode! Seem's like really unstable coin which could be below 1$ tomorrow. Selling masternode would dump the coin down heavily. put that in perspective it would be same as dumping 726854 bitcoins to market. Although with bitcoin there would be actually buyers in the market.

Quote from: shinep on December 18, 2017, 02:18:53 PM

Quote from: Wigi on December 18, 2017, 11:06:52 AM

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. Which I feel could be bad for privacy coin?

Have you seen how expensive is a DASH masternode now? Did you see any issues with the dash network yet?
I dont think it really matters.

Well dash masternode is 1000 dashcoin, if it was 10x more expensive there probably would be a problems. It's has taken lot of time to dash to get where it is. We can also argue that if dash masternode was 10k from the start it might have died long time ago. Second question is if this coins get to 100$ mark in two months would you keep Phore's masternode or swamp it to dash one? Price would probably be the same? Price point at 200$ you could just buy two dash masternodes. This is the one reason why I'm concern. High masternode price is putting cap into coins market price potential and it would lead low masternode count which could kill privacy coin.

Wigi

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