Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1744. (Read 9724097 times)

Currently the true ROI is about 14%:

(blocks per day * avg reward * mn share / masternodes * days) = (reward at the end of the year)
576*6*.5/3270*365  = 192.88 DASH (19.2% of 1000 DASH)

Let's say a server costs $10 a month, so true ROI is about 144 DASH per year (14.4% of 1000 DASH).

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What happens if we cut it in half?

The collateral gets halved
The reward gets halved
Expenses remain the same
Overall return goes down
Node count should nearly double (slightly lower because of the reduced reward)

(blocks per day * avg reward * mn share / masternodes * days) = (reward at the end of the year)
576*6*.5/6490*365  = 97 DASH  (19.6% of 500 DASH)
 ( notice it's not double 3270, that would be 6540... it's lower)

Let's say a server costs $10 a month, so true ROI is about 49.18 DASH per year (14.6% of 500 DASH)

All things being equal, it's just supply and demand working themselves out in something like a bond market. The market demands a return on average currently of about 14% after expenses, the idea is it carries over no matter what collateral is required. Nodes that are allocated before should be allocated after, even if the user decides he doesn't want to do it, that would raise the ROI on the market, which would drive people to setup more nodes, getting us back to where we're at now.

That help? It's a tad confusing

This is in fact done by many cryptos. It even has a name: premine.

Question to you: how can it fund development like you describe since it was allegedly distributed on the market at ridiculous prices?

 No, because in essence a pro linux sys admin with semi-ninja skills can run 2 or more MN's from the same server.
 Though the point still stands for the majority at this point.

It would be interesting to see the performance impact of running a higher transaction load.  I'm all new to this so I might have it wrong (starting both nodes, btc, Dash, in August).  I also run a bitcoin node and it is about 2x more network bandwidth (86 GiB for bitcoin for August vs 46 GiB dash), 15x more network connections (300+ for bitcoin vs 20 for Dash) and 4X more disk space (48 GB for bitcoin vs 14 GB for dash).  It looks like when problems happen on the bitcoin network (different attacks) my CPU and memory shoot way up but otherwise it seems similar to Dash.  While the rawmempoolinfo seems to be much higher on bitcoin (1000s vs singles in dash) I don't yet have a good enough understanding how that factors in to performance or if it matters. 

If Dash started to get to the same usage as bitcoin I would guess that specs for many of the MNs would need to increase (not sure if Raspberry Pi which some MN are running could handle it).  Would a VPS charge more?  Increased transactions would probably lead to less decentralization as only those who could afford the costs could pay for it (that is if they are holding the MN remuneration for speculation).  Similar to the problem that is seen in the decline of the current bitcoin nodes, though of course there isn't any compensation for running one. 

smoothie's font size isn't your problem.

This is your problem:


#r3kt

smoothie's font size isn't your problem.

This is your problem:


#r3kt

I wonder what Fontsize smoothie's gonna be using

All security is inherited from the mining network, which basically is deterministically setting up the quorum system, in a way that is provable. For example when you use DAPI, it will do something like create a transaction from Xaddr1 to Xaddr2 for 10 DASH. You then get back your command, a result status and all of the signatures from the quorum participants. You as the end user will know what quorum is activated for that node already, so you can tell if they're lying.

In terms of scalability, if we have 3300 masternodes and a quorum size of 10, that means we can handle 330 requests at once. If the average time per request is about 100 ms, that means we can do 3300 requests per second. The estimate is based on the fact that the network is also doing maintenance at all times (propagating blocks, shard updates, syncing clients, etc), so I'm guessing ~50% of a fully utilized network will go to other activities. Therefore we end up with 1650 requests per second.

Also we're going to aim for your average every day user, so we're talking just a few requests per month. So how many users can we support if they use 15 requests per month? 86400*1650*30/15 = 285,120,000. Ok, 285 million, that's pretty good.

What about reducing the collateral to 500 DASH? Now we have 6600 masternodes and can handle 570 million users. Isn't the masternode count going up anyway? Yep. That number should hit about 700M about when we launch. This is why it says 500-1500 tx per second, I guess that should say "requests per second" because it's not really accurate. Also the 700M should be a range also, that's the high end, the low end is 285M for current Dash requirements.

I've done a lot of guesswork to figure out these numbers, we'll see how close I am when we start seeing some serious adoption. Either way the system is built to scale with adoption in a way nothing else can, it should be pretty cool. I figure if we start to see a good deal of adoption and usage, we'll always either ask for more storage, processing power or reduce the collateral to split the network before it becomes an issue . They'll be good problems to have and we'll have lots of solutions available.

This is their legacy.
I found the "Scumbag Steve"-hat to be a perfect match

For anyone interested in AdamWhite's real motivation for scam-trolling the Dash thread every day for the last 8 months, you can check his deleted posts from the Monero Speculation thread:

"im in this coin for the long haul. I've exchanged all my alts for XMR."

https://bitcointa.lk/threads/ann-mro-monero-a-coin-with-strong-privacy-based-on-cryptonote-technology.304375/page-509#post-7491079

Yup, it's a Monero Troll.

(A big one too, something like ~500 "Scam!" accusations posts on his competitor, i.e. Dash, threads, that's commitment.)

EDIT: If you look, he's deleted all posts relating to his Monero investments on BCT.  Guess he didn't know they are saved out there on the internets....

Who is Adam Smith White and why is he so angry all the time?
Months ago he lost several thousand dollars when Darkcoin/DASH bought the name rights to dashcoin. He had all his eggs in one basket and went all in.

You can't build a system based on price speculation. But sometimes you have no choice.

The issue is one of SLA. If you build a network that can handle 30% of the global payments, and then growth reaches a plateau, then you risk destablising the network as masses of people cash out their nodes. 

The last change of reward was without the consensus of the community.
The time-forum is over for me,  

I always thought the basis for progressive reductions in the masternode collateral would be the dollar value (or even BTC value) of Dash.

So, if successive advances down the road revalued the currency favourably, then, say a 10% reduction in collateral could be sustained. This would then be an iterative growth pattern because you'd scale up the capacity according to what the valuation could support (or suggested that demand might be for adoption). That would allow for a reduction of coin denominated collateral (and subsequent increase in masternode population) without implying a reduction in the dollar-denominated collateral threshold.

So you'd be putting one foot forward (capacity) then the other (valuation) in successive and alternating steps as the project grew.