Thank you just one more noob question will it always be 5000 BLOCK needed to 'buy' a node is that somehow build in and guaranteed or could it be in one year say development says you need 10K or 20k BLOCK?
Thank you very much.
We guess that the price of BLOCK will increase as we approach a mature release of the tech, and so the price to run a node is likely not to go up but to go down.
Dan is already some way toward implementing a service node voting feature, which may be the mechanism we use to collectively decide on the BLOCK amount required to run a service node.
Doesn't it make it more decentralised if there are more nodes running the network? So wouldn't is be wise to decrease the amount needed for a node so more people can support the network with a node? To avoid a dash situation where nowadays for people run a MN they have to invest a 100k and most newcomers can't afford that. Or does more nodes not make the network more decentralised and better ?
Are there other positive effect of high node price that I'm not aware of?
Maybe the fees from dex goes down per node? So the more nodes there are the less people earn with each node. So could it be that the people that are voting on the amount block to run a node take this into consideration as well and choose a option that is better for them and not for the network?
Lots of ifs but just wondering got enough for a few nodes myself so that's not the problem but I can imagine not everyone can afford it even at this prices let alone in te future when prices hopefully rises a lot.
Maybe it's possible for someone to run a service that people can buy shares(portion of a node) and can get a % of the profit a node makes
I think many people miss the point a little bit. Everyone is talking about nodes, profit, fees, pyramid schemes, amount of block needed to run a node. The bottom line is: Those people simply missed the boat.
It happens daily, many people miss boats, I missed BTC, ETH, DASH, XMR. Hell, I'd never complain, I was just too fuckn late. That's my fault. Not the fault of others.
There's no difference here. So why should it matter.
And everyone can still buy Block to get enough for a node.
Of course this aspect is important (as well), for those who didn't miss the boat. For those who supported the project from day one. For those who bought block when it was down and fudded.
You can't serve everyone. You can't make everyone happy. Not everyone can run a node.
There will be enough nodes to support the network.
The main focus is dezentralization. Period. It's the first project to pull it off. Thanx to Dan. Kudos.
Everyone should celebrate the aspect of decentralization.
And not worry about nodes.
No one draws back the price of Bitcoin for latecomers so they can get in.
Block is being traded since 2014, everyone had enough time to buy block.
And of course still has, it's dirt cheap.