The snap shot isn't based on when SPR hits 8 million supply. That is just a ballpark number for how many Helium will need to be created for when the snapshot happens.
We're still at least a couple months away. Lots of time to get this worked out yet.
Thanks @bimmerhead
Just to clarify if you haven't been on slack. Master Nodes come first and we'll aim to get several thousand up before we fork off the DASH core releases. This also gives us an opportunity to test and merge the payment accounts to be run on the master nodes, to which we will build some extra features which will be patented.
But the upfront effort going on now is on getting a long-term Service Node strategy in play - we have a strategy, we are now setting it in motion - so we can let it build momentum while we switch effort back to growing a stable Master Node network. We are sticking pretty close to the white paper on the Service Node front.
In short:
* Miners will secure the network
* Master Nodes will enable payment networks
* Service Nodes will generate revenue that will support miners income, Master Node income and long-term development funding. This keeps fees down, but also secures the network's funding model.
We can't have one thing from the above and not another. As Service Nodes will underpin everything, we are focused on that right now.
If you are interested, feel free to have a say on the wallet designs while the wallets are being tested offline right now.
Slack channel access is in the OP. See you there for a chat.
will a single IP be able to run more than one masternode ? If not, several thousand nodes seems like a pretty high hurdle to get past.