I like the idea of masternode but as Diamond is more of an investment than high-frequency transacting like DASH or PIVX... maybe I suggest to change the name of "masternode" to something like "quarrynode" or just "quarry"... you know like a diamond quarry... somewhere where large amounts are stored and exchanged with via stake. 10.000 to run a quarry, and it verifies transactions and finds blocks (mints) and must run 24/7... and earns higher PoS return than just staking that same amount. maybe... just brainstorming.
How many hypothetically would someone need to buy today in order to reach 10000 by August/September through staking, does anyone have an estimate for that? Just curious.
Also, it seems security issues could potentially arise when too many masternodes are run by one party... is there going to be any steps taken to prevent a sort of 51% attack by a single person/party/interest running >51% of all mns at one time?
there are a few missunderstandings
masternodes are not a part of blockchain security
blockchain is secured by POW and POS in the as u all know from DMD "hybrid" security style
masternodes if at all deserve a new name are servicenodes
they allow run services on top of blockchain
the default services are mixTX and quickTX one means a coin mixer services if u need hard to track coins
and the other means instant transactions where its just a matter of seconds to have a full confirmed transaction
and last but not least masternodes are always fullnodes that allow incomming connections and so they support the network
as a backbone of block propagation and verification
but is is by far not the end of possibilities for us masternodes open up many new service possibilities that we will release in the coming years
DMD Diamond is one of the best spread coins on the market if ya compare with similar marketcap coins
thats a positive sideffekt from a in cryptospace methusalem age of nearly 4 years
so there is no need to fear any MN clusters. and such a thing as a 51% attack dont even exist on a masternodes service platform
the reactor will hand back all borrowed coins pre DMD v3 launch and will be split into 3 24/7 POS wallets
so there is always a base layer of POS competition
this means the reactor will not create any MN and this result in even more income for the MN that are created by community
people who are new with DMD might ask what is the reactor
its just a normal wallet but it filled with foundation coins and 70% of his income are dedicated to create DMD cloudmining extra payouts
(30% increase the reactor size (or lets better say take care the share of total coins dont decrease that fast))