If we only had masternodes... we would basically take darkcoin out of the
most insane innovation cycle we have seen in the last decades.
(If only servers had the innovation that miners have, lol
, but how are they going to have innovation without competition? Just masternode holders sitting on their piles of coins is not something that is very "competitive")
So, the key concepts to not forget are:
competition creates innovation which in turn creates scarcity (value). Ergo mining.
I'm not actually proposing doing away with miners, but please explain to me what great innovations have come about through chasing pointless hashpower? The Darkcoin developers provide innovation, a bunch of people running up electricity bills in the hope of a quick buck do not.
Oh you will come to learn the true costs of running a masternode my friend.
The key thing about the miners is that they simply have to be good at mathematics to prove their worth. They need to hash fast and nothing else.
That's why they are so valuable, they are pure functional tools, that do only this, and nothing else. It's perfect, like a hammer.
But prove to me that every masternode holder truly knows how to
secure and maintain a server? Are most masternodes still running on amazon clouds, for crying out loud?
I have the darkcoins to run 2 Masternodes, but I am veeeeeeeeeeeeeery hesitant to do so, exactly because I know how insecure the internets are.
I will operate masternodes eventually, but this strange push to more and more masternodes and more and more rewards for masternodes (at the expense of miners) I find just wrong.
And now even talks questioning the validity of mining itself? LMAO!
More masternodes will come slowly over time, by market demand. Let the amount of coins rise to 9 million and we can have 2000 masternodes, NOT before.
We should be careful is all I am saying, don't let it go to your head.