DarkCoin board initial response to Mr. Spread's idea:
I don't like the idea at all.... Causes more maintenance for. Masternode owners and potential for people to lose their masternode if they can't afford to buy more Spr. So basically it's forcing ppl to buy more, causing the price to inflate... Ha another circle jerk. I'll keep my DRK masternodes and not have to worry about buying more unless I want more nodes.
I've been following the Spreadcoin thread since they're looking to compete with Darkcoin and are using Darkcoin code. While the dev seems very competent, I haven't been worried. Until now. Maybe.
It looks like they're going to have the number of coins required for a masternode be determined by market forces: https://bitcointalksearch.org/topic/m.10076444
Is this a good or bad idea? If it's a good idea, can we beat them to the punch please and add it to Darkcoin first?
If this is a bad idea, just ignore me
It looks like they're going to have the number of coins required for a masternode be determined by market forces: https://bitcointalksearch.org/topic/m.10076444
Is this a good or bad idea? If it's a good idea, can we beat them to the punch please and add it to Darkcoin first?
If this is a bad idea, just ignore me
Exactly jiggytom, fellow darkcoiner, but only for the few DM (decentralized masternode) owners close to the edge, who are in constant danger of being shut down by a new guy who is willing to invest just 1 SPR more than they are, LMAO!
How much are you going to be willing to spend to get to the more cosy center of the spread of DM owners? So that you have atleast a few dozen or hundred DMs "below" you?
Again, the word "spread" fits perfectly.
With darkcoin you build an elitist club of MN (masternode) owners who just sit around lazily watching their masternodes earn DRK, which in turn they use to buy even more masternodes over time.
That's a very dangerous feedback loop, because it doesn't allow for competition. Once you own a masternode it's basically like you've built a money printing machine in fiat banking.
Well, not really ofcourse, it's still a deflationary cryptocurrency, but I always hated it that Masternode owners are allowed to enter a state of non competition , where they become sort of untouchable ... or - I hate to say it - elitist.
Yes, yes, I understand that masternodes offer a service and should be payed for it. But this kinda reminds me of the police or other government employees, who also argue in the same way for a coercive taxation of the population they are supposed to "serve".
It's just unfair if masternodes are allowed to behave this way. It's so contrary to what everybody else has to endure, especially miners who see their investment vanish away on a daily basis...
This ends with spreadcoin.
