So I need 5000 Blocks to run a node and get comissions?
If I dont have enought for 5000 Blocks what is the deal buying coins?
Probably someone says that other people with more money will wish buy it, but in more expensive price, less people can buy 5000 and less attractive for investor. Thats the same problem with Dash, at the end will become in a pyramid, and nobody likes pyramids.
That is my opinion, whats yours?
PD: Sorry if my english is not so perfect XD
Hi, thanks for posting. Good questions.
If you don't have enough to buy 5000 BLOCK then your other motives for buying might be:
- to sell at a higher price
- to pay trade fees on our current test builds (future builds will automatically handle trade fees, so this is a temporary motivation)
I think you've made an interesting observation that if less people can buy 5000 BLOCK, then the Blocknet becomes less attractive to investors. It's interesting to me because most people who have posted here have thought the opposite: that the scarcity of BLOCK tokens, and the limited number that people are willing to sell, makes them want to buy because they believe that the price will go very high.
Finally, you have wondered whether the 5000 BLOCK requirement to run a service node is like a pyramid scheme. I can safely say that the answer to this is no. A pyramid scheme is a structure where, in order to make money, early adopters need to bring later adopters onboard, and where late adopters either make money by bringing on later adopters or they lose. This is different to the scenario with service nodes, because (a) people make money by running a service node, not by persuading other people to run one, (b) by buying 5000 BLOCK you exclude another person from running a service node because there is a limited number of tokens, but if it were a pyramid scheme your buying products/stock would be directly in order to bring another person onboard and would not exclude them from doing so.
Service nodes are rare entities. There is thus competition to hold enough BLOCK to run a service node. This is not a pyramid scheme, it is a system that enables a few thousand people to provide a Blocknet service and to make money from it. Not everyone can provide this service because there is a limited number of Blocknet tokens. I can understand that some people may not like this, since they may want anyone to be able to run a service node. (I myself find this latter idea appealing, since it's more politically anarchic.) But this dislike is a dislike of a few thousand people delivering a service, instead of everyone delivering the service. It is not a dislike of a pyramid scheme.
